Low Rates Stabilize Refinancing Share of Originations

Home / Blog / Low Rates Stabilize Refinancing Share of Originations

Posted To: MND NewsWire

Refinancing held on to a 35 percent share of mortgage originations in April according to the Origination Insight Report from Ellie Mae as the 30-year note rate dropped for the fourth consecutive month. The rate was at its highest so far at 5.01 percent in January. The April average was 4.61 percent. The share of refinancing was little changed from March for any of the loan types and ranged from 38 percent for conventional loans to 23 percent for those backed by FHA. The time to close loans continues to shrink, dropping two days to 40. Time to close a refinance was 33 days, down from 34 in March and 43 compared to 45 for purchase loans. "We are seeing closing times drop across the board as our lenders leverage technology for a more efficient and streamlined loan origination process," said Jonathan...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagen...

83ba97db b791 48c9 8072 aa1c386c1048 ebf50b46 03fe 4aa0 9aa9 f764bb356ef7 abe7e410 018f 4d90 8b62 202ba46d1fb0 f44065bd 9864 423d a336 287c6a47afc5 beaeab46 cbd9 4e88 814f a0a59b46e275 4fe238ac f105 4d2a b68b a123574e5e39 d8ec2a95 c72d 4bb0 85dc f9e39798377b 9eae5a03 26a1 4957 84c4 80b77c7c82d6 75d1d84e 5cf6 4587 b0a9 2de3192e06fc 0d3d4c47 ec28 4123 ba5e 8871e85a8485 b2aeb6e7 4c8f 4b21 ac10 ba62ac07b74b 39347154 bcc6 45b3 91ef 32998cacb4fb e9507ee3 6800 47dd bc6f 9350a3654078 b918339c f92f 461e b835 0d4f99e890b8 8efc42fc 6211 4057 ac2d e945ac9d1d69 539e958a 5a93 4164 9a27 382076aa1228 7c348ea1 00a4 41d9 a664 3a612cb3d072 a6b488ee b72a 4932 b81e 0f0c6861122e a864738b 795c 45ca 90d7 75e9111762e2 342024c1 37f1 462d b1ae 1dedde95ac24 3a0e3f2a c721 447a a4da 1a50e70880ac 1883a372 656b 4ba9 b3fe 1945c0acc20b d11bc828 c80e 4b78 b255 709e67923508