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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. 

The 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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