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Home Buying Season in Full Swing -Ellie Mae
Thursday, June 18, 2015
Ellie Mae said on Thursday that its latest Origination Insight Report "Reflects a
home buying season in full swing." The
May data shows purchase volume taking a 58 percent share of all mortgage
originations, up from 52 percent in April.
report noted that the average 30-year
rate on all closed loans fell slightly for the first time since February, from
4.062% to 4.013%. Jonathan Corr,
president and CEO of Ellie Mae said that the May share of purchase mortgages
did fall below the 66 percent share in May 2014 because the lower mortgage
rates last month gave some help to refinancing volumes and share.
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