Tag Archives: Refinance

Could record-low rates drop further, possibly near 3%? Joe Tyrrell, COO, Ellie Mae, delves into the current refinance boom and if millennials can achieve homeownership in this market. This feature originally appeared in the June issue of MReport.

Additionally, purchase applications for mortgages posted their first increase in several weeks. Click through for more information.

Homeowners between the ages of 30-and-40-years old made up 41% of the market. What share did younger borrowers account for?

While the purchase rate fell from the prior week, an insider said the next few weeks will be key to see if falling rates bring in new buyers.

Ellie Mae’s latest insight on origination reported there was a change in closing rates during January. Is this good news or bad news for buyers?

Joe Mellman, SVP Mortgage Business Leader at Transunion, spoke with MReport on the impact of low interest rates of homeowners, inventory constraints, and how to increase the number of purchases in 2020.

Click through to find out the reported increase in mortgage applications for the week ending on February 7.

Click through to see how the share of refinances is impacting applications and how it affects purchases.

Ellie Mae’s latest origination report found that the share of loans closed for the month is nearly 50-50 between refinances and purchases.

While expressing optimism about the housing market, he said the Fed should think twice before it decides on yet another cut to interest rates.