After declining for two consecutive months, the nationwide percentage of refinance home loans increased slightly during July, according to Ellie Mae’s Origination Insight Report. During July, the average interest rate on a 30-year note dropped to its lowest level since January, and average closing times remained steady.
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Report: Refinance loans rebound in July
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Industry News, Market Data
Friday, August 18, 2017
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After declining for two consecutive months, the nationwide percentage of refinance home loans increased slightly during July, according to Ellie Mae’s Origination Insight Report.
During July, the average interest rate on a 30-year note dropped to its lowest level since January, and average closing times remained steady.
Read on for more details.
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