Mortgage tech firm Blend Labs delivered another loss in the second quarter of 2024 even as it signed deals with new customers across the mortgage and consumer banking channels. But executives expect a shift in the landscape due to declining interest rates, which may help them achieve profitability in the final three months of the year.

“The bond market seems to be signaling that the Federal Reserve’s target rate could end the year potentially more than 100 basis points lower than where we’ve been for the last year,” Blend CEO details ⇒

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