Items Tagged with 'purchase'

ARTICLES

  • Purchase lending hits 10-year high as refis sink to 16-year low

    Originations jump 20% in second quarter
    During the second quarter of 2017, purchase lending hit its 10-year high even as refis sank to a 16-year low. But while purchase lending is up significantly, Black Knight explained the lending market is still performing below its peak capacity. The company explained why the purchase market is operating at less than two-thirds of peak capacity.
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  • Purchase mortgage market slows with slight boost in refis

    Ellie Mae report shows closing rates increased in July
    The purchase market slowed slightly in July, and while the purchase market continues to take over, refinances saw an uptick. The latest origination insights report shows the percentage of adjustable rate mortgages decreased in July, but remain up from last year.
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  • Ellie Mae: Interest rates on closed loans rise to 16-month high

    Rising interest rates drove down refinance originations
    The average interest rate for 30-year, fixed-rate mortgages rose to a 16-month high in February, according to the new data from Ellie Mae. The increase in interest rates depressed the refinance market, as the report showed that the share of purchase mortgages closed rose to 57% in February. That’s the largest that figure has been since July 2016.
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  • 4 reasons borrowers need to refinance now

    Is it time for a refi boom?
    Mortgage rates are dropping to record lows once again, creating a similar push to refinance as that seen two years ago. And despite the huge portion of people that chose to refinance at that time, there are still a handful of reasons for why now is still a good, or necessary, time to refinance.
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