Thursday, 28 October 2021 | The Latest Buzz for the Appraisal Industry

Healthy Mix of Refis and Purchases in July; Highest Rates in a Week as Retail Sales Surge

Refinancing and home purchases had a nearly even share of mortgage originations in July. ICE Mortgage Technology said that 50 percent of closed loans during the month were purchase mortgages while 49 percent were for refinancing. Refinancing, however, continued to dominate the conventional market at 54 percent of those loans. The share among FHA loans was 22 percent and refis accounted for 32 percent of VA loans. The time to close a loan improved slightly

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