Tuesday, 30 November 2021 | 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,

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