Purchase Money Loans Increase While Time To Close Decreases

The share of mortgage closings that were for home purchases increased in April according to the latest data from mortgage software firm Ellie Mae. Purchase money loans made up 65% of total loans with refinances down to 35%. Last year at this time purchases made up 59% of mortgage originations while refinances took a 40% share. “We … Continue reading Purchase Money Loans Increase While Time To Close Decreases