Mortgage Origination’s Are Re-Balancing

During the last 5 years refinancing your mortgage was a top priority. Interest rates in some cases were up to 50 percent below what they had been. Well, that is changing. Interest rates are rising and what we are seeing is a drop off of refinancing. In 2012, 62 percent of closed loans were refinancing and 38 percent were new purchase loans. Today 45 percent of loans are refinances and 55 percent are new purchase loans. Check out the report at the following link;

EllieMae Origination Insight Report

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