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As mortgage biz suffers, Blend sees unified banking platform as the key to growth

Housing Wire

To reach a key financial goal in 2026, Blend Labs plans to diversify far beyond mortgage. On Tuesday, executives from the San Francisco, California-headquartered mortgage tech firm, which has yet to post a profit since going public in July 2021, shared the firm’s vision for growth during its first investor day. million in Q2 2022.

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The Fed pauses its rate hikes for now, will it last?

Housing Wire

Most investors are already wondering what it would take for the central bank to lift rates again later this year. The CME FedWatch Tool showed a 99% chance the Fed would halt its hikes to the 5.25 of these investors bet officials will freeze the rate hike at the November 1st meeting. next year and to reach 2% in 2026, he added.