Items Tagged with 'Millennial Tracker'

ARTICLES

  • Ellie Mae: Millennials using conventional over FHA hits all-time high

    Millennial share of purchase loans increases
    An increasing share of Millennials are now leaning toward conventional financing, rather than FHA, and even hit an all-time high in February. Millennials are also increasing their overall share in the housing market, and are now the largest group of homebuyers in the U.S. as their purchase loans increased to 45% of all closed loans.
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  • Refinances regain popularity among Millennial buyers

    Refinances account for 15% of mortgages for third straight month
    Refinances became more popular among Millennials during the fourth quarter of 2017, according to the latest Ellie Mae Millennial Tracker report. The refinance share made up 15% of closed loans among Millennials in December, the highest percentage of refinances for this demographic since February.
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  • Millennial refis rise to highest level since February

    Share of FHA refinances increasing
    Refinances for Millennial buyers increased in September to the highest level since February as mortgage rates dropped. However, one expert explains why one segment of Millennial borrowers will continue to increase their refinance share even after rates begin rising once again.
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  • Millennials prove their dependency on FHA loans is shrinking

    Ellie Mae: Fed-backed insurance hit lowest level in months
    The share of Millennials taking out FHA loans continues to shrink, hitting its lowest point in months. Ellie Mae explained in its latest Millennial Tracker report that this ongoing shift shows younger homebuyers are becoming more and more able to purchase a home without government guarantees.
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  • Millennials undaunted by competitive housing market

    Ellie Mae report shows Millennials are buying homes even in larger cities
    Although competition is fierce among homebuyers, Millennials are still increasing their share of purchase loans, according to the latest Ellie Mae Millennial Tracker report. This is true not only in more affordable markets but also in some of the largest metros across the country.
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