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Guaranteed Rate continues layoffs as housing market slowdown persists

Chicago-based Guaranteed Rate continues layoffs amid housing market slowdown

Inside Mortgage Finance finds business is down nearly 60% for Guaranteed Rate in the first three months of this year compared with 2022, with other mortgage companies seeing similar declines.

Guaranteed Rate continues layoffs as housing market slowdown persists

Chicago-based mortgage company Guaranteed Rate has been quietly laying off employees across the country for more than a year, according to former and current Guaranteed Rate employees. The Tribune spoke with more than a dozen current and former employees, and many told the Tribune that layoffs have happened several times in recent weeks, with entire teams wiped out. More layoffs are .

Guaranteed Rate continues layoffs as housing market slowdown persists

Chicago-based mortgage company Guaranteed Rate has been quietly laying off employees across the country for more than a year, according to former and current Guaranteed Rate employees. The Tribune spoke with more than a dozen current and former employees, and many told the Tribune that layoffs have happened several times in recent weeks, with entire teams wiped out. More layoffs are .

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