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Some are puzzled how.","url":"https://stock-news.laohu8.com/highlight/detail?id=2616175383","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2616175383?lang=en_us&edition=fundamental","pubTime":"2026-03-03 16:42","pubTimestamp":1772527320,"startTime":"0","endTime":"0","summary":"The chief executive of Opendoor Technologies says his company is offering mortgages a full percentage point below the national average, a move that puzzles some observers wondering about its effect on the company's business.In a post on X, CEO Kaz Nejatian says it's offering 4.99% mortgages to buyers who use Opendoor , the company that buys and flips homes online. The average 30-year fixed-rate mortgage was 5.98% in the week ending Feb. 26, according to Freddie Mac.\"The product is in beta still. We have a lot to learn. Going well. Very early days,\" he said.In a subsequent post, he added there are no \"points,\" the term used for upfront fees that can be used as a way to reduce the mortgage rate. 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