fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107


Mortgage Industry News

« Return to Mortgage Industry News

January Refinacing Share was 18 Month High

Friday, February 20, 2015

Loans for home refinance made up 51 percent of all loan originations in January, an 8 percent jump compared to December.   Ellie Mae's Origination Insight Report said this was the highest share refinancing has had in more than 18 months. 

Refinancing hit a low at 32 percent in July but as interest rates retreated from early 2014 highs, the share of refinancing increased steadily.  In all of 2014 refinancing averaged a 38 percent share of originations.  Despite the jump in volume, the average time to close a refinance loan fell from 42 days to 39 days.

Read Full Article


As a first-time homebuyer, it was great having Charlie walk me through the entire process and keep me posted on what was needed and when. He was always available to answer any questions that I had. I appreciated him planning for worst case scenarios so there were never any surprises and I appreciate him finding the right mortgage for the amount I wanted to pay each month.
Andy S.