Items Tagged with 'Millennial Tracker'

ARTICLES

  • Ellie Mae: Millennials’ interest in mortgage refinance spikes

    In January, refis by Millennial borrowers accounted for 13% of closed loans
    In January, slightly lower interest rates led to Millennial homebuyers increasing their requests to refinance their mortgages. Ellie Mae Executive Vice President of Strategy and Technology Joe Tyrrell said the uptick in refinances may indicate Millennials who previously purchased a home and are looking for an opportunity to take advantage of lower monthly interest payments.
    Read More
  • The housing market's future is female

    Millennial women outpacing their male counterparts in home sales
    The housing market is projected to heat up in 2019 and new data from Realtor.com indicates this push will predominantly be driven by Millennial women. According to the company’s latest study, 50% of the top 20 fastest growing buyer first names belong to Millennial women.
    Read More
  • Experts surprised by Millennial credit scores

    Vary significantly from city to city
    Millennial credit scores vary significantly from one city to the next, and a deeper dive into the FICO scores shows surprising results. But while experts at Ellie Mae were surprised by the Millennial FICO scores, they soon learned the reason for the phenomenon.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More