Friday, April 19, 2024 | The Latest Buzz for the Appraisal Industry

Refinance Share Increased to 52 Percent in August

The refinance share of mortgage origination volume in August increased to 52%, up from 49% in July but down from 56% in August 2020, according to ICE Mortgage Technology’s Origination Insight Report.

In June and July, purchase volume eclipsed refinance volume for the first time in months, but in August falling mortgage rates swung refinance volume back to above 50%.

The average time to close a mortgage (all loans) decreased to 46 days,

This post was originally published on this site

Brent Bowen

Loosening The Knot

Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can

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