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Refinance demand slumps as higher rates weigh on mortgage activity
loantrust.ai

Refinance demand slumps as higher rates weigh on mortgage activity

Educational Scotsman Guide reports that refinance demand has softened as elevated rates continue to pressure overall mortgage activity, with Optimal Blue data showing total rate locks fell on a yearly basis in August. The pullback in refinances reflects the broader cooling effect of higher borrowing costs across the market, as

Hans Michel/ / 2 min read
Celine Gave the Reebok Freestyle Lo a Parisian Remix
humanbygod.com

Celine Gave the Reebok Freestyle Lo a Parisian Remix

Educational Hypebeast reports that Celine has reworked the 1982 Reebok Freestyle Lo into a luxury proposition, swapping the original materials for smooth lambskin and adding prominent co-branding throughout. The Michael Rider-designed release arrives September 10 in multiple colorways through Celine's website and select stores, with exclusive

Hans Michel/ / 2 min read
Rhode Taps Alexandra Leclerc for Its Newest Launch
humanbygod.com

Rhode Taps Alexandra Leclerc for Its Newest Launch

Educational Hypebae reports that Rhode has introduced a limited-edition capsule with Alexandra Leclerc, marking the model's expanded role from the brand's first muse ambassador to collaborator. The three-piece drop centers on Pocket Pearl, a scaled-down, shimmery take on Rhode's Pocket Blush,

Hans Michel/ / 2 min read
Mortgage rate locks fell 9% in August, Optimal Blue reports
loantrust.ai

Mortgage rate locks fell 9% in August, Optimal Blue reports

Educational HousingWire reports that mortgage rate locks dropped 9 percent in August, with the 30-year conforming rate finishing the month at 6.72 percent and refinance demand remaining subdued. The decline from July reflects a market where higher rates have continued to cool borrower activity across the board, leaving

Hans Michel/ / 2 min read
Opendoor moves ahead with mortgage offerings, touts controlled costs
loantrust.ai

Opendoor moves ahead with mortgage offerings, touts controlled costs

Educational HousingWire reports that Opendoor Home Loans has exited its beta phase, rolling out fixed and adjustable-rate mortgages as part of a broader push to integrate home buying and lending under one roof. The move signals another iBuyer's bet that borrowers want the mortgage process folded into

Hans Michel/ / 2 min read
Better exec tapped to lead PLACE, Envoy Mortgage operations
loantrust.ai

Better exec tapped to lead PLACE, Envoy Mortgage operations

Educational BREAKING — National Mortgage News reports that an executive from Better has been appointed to lead operations at PLACE and Envoy Mortgage, while Chad Smith is departing the lender following a period of significant expansion. During his tenure, Smith contributed to Better achieving two and a half times growth in

Hans Michel/ / 2 min read