A new report on originations found that the rates for all loans closed in June reported a decline, but lenders are looking for a different type of borrower.
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Purchase Rate Nearing Pre-Pandemic Levels
Just three states reported volumes of more than 10% below last year’s numbers. Click through to read more.
Read More »APRs Offered to Borrowers Dropping Across the Nation
Click through to see which cities led the way for average rates for refinances and purchases.
Read More »Will Mortgage Originations Top $1T in 2017?
Last year saw nearly $1 trillion in purchase originations, and experts say the market could top that in 2017. Millennials and first-time homebuyers may be the ones to push it over the edge, as will increasing home sales across the nation. Only a handful of states saw sales dip in 2016.
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