Hacker News Reader

They probably just see that the Fed going to raise rates and realize that there are going to be less mortgages handed out which means less customers.

View on HN

It's seems clear the Fed is going to raise rates at some point, but the question is "by how much".

I doubt the market will be affected too much if rates are increased yet stay below 4%. Many houses in my local market are selling in under a day; a small increase in mortgage rates won't tamper that demand to any great degree.

Better is operating at a loss in order to give rates that are unmatched by the market. Rising rates means that less people will be refinancing since the markets rates are comparable to what they already have. Better has signaled they want to go public which means they're going to have to at least not lose as much money. This points to needing less support staff since they'll have much fewer customers.

Reply on news.ycombinator.com