Mortgage Lenders Face New Layoff Cycle as 7% Rates End Refinance Hopes

By Flávia Furlan Nunes · HousingWire · 2026-08-19

Mortgage Lenders Face New Layoff Cycle as 7% Rates End Refinance Hopes

HousingWire reports that mortgage lenders are bracing for a fresh round of job cuts and consolidation as high interest rates stifle loan volumes. While firms initially hired early in 2026 expecting a rate drop, the conflict in Iran and stubborn inflation have pushed borrowing cos

HousingWire reports that mortgage lenders are bracing for a fresh round of job cuts and consolidation as high interest rates stifle loan volumes. While firms initially hired early in 2026 expecting a rate drop, the conflict in Iran and stubborn inflation have pushed borrowing cos