Opendoor (NASDAQ: OPEN) announced that Opendoor Home Loans has exited beta and now offers 30-, 20-, and 15-year fixed-rate mortgages, along with 5/6, 7/6, and 10/6 adjustable-rate mortgages for home purchases in markets where it is licensed.

The announcement comes as Freddie Mac's weekly survey showed the 30-year fixed mortgage rate reached 6.71% and the 15-year fixed rate reached 6.04% as of Sept. 3, with the 30-year average at its highest level in 13 months.

Opendoor Home Loans is available for any home purchase in markets where it holds a license, not only for purchases of Opendoor-listed homes. The service includes prequalification without a hard credit pull, a digital application with online income and asset verification, and online document verification through closing.

"Buying a home is two things: the home and the money," said Kaz Nejatian, Chief Executive Officer of Opendoor. "They're handled by separate systems, with separate incentives and too much avoidable cost. We built Opendoor Home Loans for the way most people buy a home. We can't control the market rate, but we can control the cost and friction around it."

Eligibility, rates, terms, and availability vary by borrower, property, loan amount, loan-to-value ratio, credit profile, state, and other factors.