Ellie Mae Origination Insight Report

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Ellie Mae: Low interest rate environment sends refinance activity soaring in August

Sep 20, 2019By

Ellie Mae’s latest Origination Insight report shows that for August, the 30-year note rate dropped for the eighth consecutive month, spurring an increase in the percentage of refinances. According to the report, refinances accounted for 43% of loans during August. Ellie Mae President and CEO Jonathan Corr said the company is seeing more and more homeowners capitalize on the refinance opportunity.

3d rendering of a row of luxury townhouses along a street

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