More details here: www.thetruthaboutmortgage.com/beelines-sel...
13.03.2026 15:13
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Beeline has launched its "Self-Service Mortgage Experience" that cuts out the loan officer.
Customers can navigate the mortgage process 24 hours a day w/o speaking to a loan officer.
It's designed w/ the modern homebuyer in mind, namely Millennials and Gen Z who aren't fans of speaking to humans.
Mortgage rates are at fresh 2026 highs everyone.
What's got to be frustrating is it's happening during peak home buying season.
Doubly frustrating b/c we had 5-handle mortgage rates about a week ago.
That's super weird. Or it speaks to the economy being fine outside the ME conflict.
Been saying this for a while...
It's not about the ~$60 monthly payment difference.
It's the intense human psychology of a sub-6% mortgage rate.
Credit Karma has just rolled out mortgage broker services to its users (*refinances only).
"Credit Karma Home Loans" allows users to shop over 40 financial institutions and 1,500 loan products.
Will be powered by Better Mortgage's Tinman AI Platform.
Another horrendous jobs report saved mortgage rates today.
Had it come in hot, we'd likely have a 30-year fixed closer to 6.25% again during peak home buying season.
Granted, w/o the conflict in Iran we'd probably be at 5.875% or lower by now...
My biggest takeaway right now regarding mortgage rates is to expect heightened volatility.
They will likely bounce around a lot more than normal thanks to the ongoing conflict in the Middle East.
The good news is rates remain near 3-year lows. Bad news might be sentiment has to be a lot lower too.
Mortgage rates have eased back toward the 5s today, potentially due to oil transport assurances from the President.
The 30-year fixed is just 8 bps away from a 5-handle again, despite the ongoing conflict in the Middle East.
Jobs report on Friday can make/break rates.
Opendoor will offer a "4.99% mortgage" to its home buyer customers.
This is apparently a 30-year fixed loan w/o points OR fees.
Seems like a move out of the home builders' playbook to sell more homes FASTER since they actively hold inventory and are must-sell sellers.
There's usually a flight to safety when geopolitical conflicts break out, pushing bond yields and mortgage rates lower.
Not this time, with surging oil prices renewing inflation fears yet again.
Of course, the 10-year yield remains around ~4%, the lowest point since late 2024.
Or build more affordable homes in areas where people actually want to live.
Seems to be a flight to safety in bonds. Good for mortgage rates, bad for the economy potentially.
Cheering for lower mortgage rates has always been a delicate balance of hoping for payment relief w/o a wider economic downturn.
The fact that the 10-year bond yield fell below 4% on the same day an inflation report (PPI) came in hot makes you wonder if it's an ominous sign.
Good to see a sub-6% print from Freddie so it makes the headlines. More good PR to reach homebuyers and homeowners.
daily mortgage rates
It's a clean sweep...5s across the board!
And nearly into the 4s on certain products.
Well done mortgage rates. Now let's see if the buyers show up.
Well a lot real locks/quotes are already there. But I agree, falling rates might not mean what people think.
Another BANK halts mortgage lending.
Willamette Valley Bank will stop new business Mar. 31.
CEO Ryan Dempster: “The residential mortgage industry has undergone significant changes in recent years, including the growth of online and non‑bank lenders and a prolonged period of higher interest rates.”
Lock in mostly disappears with rates in the high-4s. Not totally far off, but not quite there yet.
Lower real prices coupled with lower mortgage rates is what's needed to get us back on track affordability-wise. Slowly getting there.
