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0 0 0 0.00221729490022188 0.0154101995565411 0.00665188470066524 0.0132594235033262 0.0133037694013305
Stock impact report

Opendoor acquires Doma's closing and escrow business in bid to lower mortgage refinance costs Share [CNBC]

Opendoor Technologies Inc (OPEN) 
Company Research Source: CNBC
learning and AI to make real estate closings faster and more affordable, the companies told CNBC exclusively. Following the acquisition, 85 employees from Doma will be joining Opendoor. The war with Iran has caused mortgage rates to rise sharply and quickly. Applications to refinance a home loan have been sinking in response. In this article A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Refinancing a home loan has long been a complicated and pricey process. The costs can be so high that most experts suggest if a borrower can't shave at least 75 basis points off their current mortgage interest rate, the refinance isn't even worth it. Now two property tech l Show less Read more
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