Opendoor's 4.99% Mortgage: A Great Headline. A Very Different Story.

Welcome to Real Estate Called Out, formerly The Real Estate Replay. New name, sharper focus, and zero patience for the corporate spin that passes for real estate news every single week. For our first episode, we're starting with a good one. Opendoor's CEO jumped on social media to announce 30-year fixed mortgages at 4.99%, nearly a full point below market rate, no points, no upfront fees. The internet lost its mind. The napkin math started. And then, one day later, he quietly came back to cla...