Search Results for:  Ellie Mae Millennial Tracker

MPOWER Financing Adds Jatin Rajput, Global Financial Services Executive and Fintech Investor, to Its Board
Business Fintech News

Millennials Will Lead Surge in Purchase Market, According to Ellie Mae Millennial Tracker

Fintech News Desk
by Fintech News Desk0
Millennial purchase activity is on the rise, according to the latest Ellie Mae Millennial Tracker. Purchase share – the percentage of all loans closed during the month that were purchases – grew for the second straight month, reaching 56% in June, up nine percentage points from May. This marks the highest......
Ellie Mae Announces Launch Of Ellie Mae AIQ Credit Analyzer
Fintech News

Purchase Activity Rises as Interest Rates Reach All Time Lows, According to the Latest Ellie Mae Millennial Tracker

Fintech News Desk
by Fintech News Desk0
Interest rates declined from April to May, resulting in millennials securing the lowest average interest rate on 30-year loans since Ellie Mae began tracking the data in January 2016. Low rates corresponding with the peak homebuying season led to a month-over-month increase in purchase share – the percentage of all loans......
Millennials' Refinance Activity Soars as Interest Rates Hit Historic Lows, According to the Latest Ellie Mae Millennial Tracker
Fintech News

Millennials’ Refinance Activity Soars as Interest Rates Hit Historic Lows, According to the Latest Ellie Mae Millennial Tracker

Fintech News Desk
by Fintech News Desk0
According to the latest Ellie Mae Millennial Tracker, refinance activity hit an all-time high in April 2020, besting the previous mark set in March of this year. The historic refinance surge took place as the average interest rate for millennials reached the lowest point since Ellie Mae began tracking the data in January......
Older Millennials Drove Refinance Surge in February as Interest Rates Decreased, According to the Latest Ellie Mae Millennial Tracker
Fintech News

Older Millennials Drove Refinance Surge in February as Interest Rates Decreased, According to the Latest Ellie Mae Millennial Tracker

Fintech News Desk
by Fintech News Desk0
According to the latest Ellie Mae Millennial Tracker, refinance activity among millennials surged in February as interest rates dropped to near-record lows. Refinance share – the percentage of all loans closed during the month that were refinances – decreased month-over-month in both November and December 2019, before seeing month-over-month growth in both......
Refinance Activity Declines for Second Consecutive Month, According to the Latest Ellie Mae Millennial Tracker
Business Fintech News

Refinance Activity Declines for Second Consecutive Month, According to the Latest Ellie Mae Millennial Tracker

Fintech News Desk
by Fintech News Desk0
In December 2019, refinance share – the percent of all loans closed during the month that were refinances – among millennials dropped for the second straight month as interest rates rose yet again. According to the latest Ellie Mae Millennial Tracker, 27% of all loans closed by millennials in December were refinances,......
Millennials' Refinance Activity Soars as Interest Rates Hit Historic Lows, According to the Latest Ellie Mae Millennial Tracker
Banking Fintech News

Millennial Refinance Activity Slows as Interest Rates Rise, According to the Latest Ellie Mae Millennial Tracker

Fintech News Desk
by Fintech News Desk0
The share of refinances closed by millennials decreased in November 2019 as interest rates on 30-year loans climbed. According to the latest Ellie Mae Millennial Tracker, 31% of loans closed by millennials in November were refinances, down 3% from the month prior. This marks the first month-over-month decrease for refinance share since May 2019.......
Millennials
Banking Business Fintech News

Millennials Contributing To The Ongoing Refinance Boom

Fintech News Desk
by Fintech News Desk0
With interest rates nearing 3% for all loans, many millennials took advantage of the opportunity to refinance their mortgages in September, according to the latest Ellie Mae Millennial Tracker. Refinances climbed to 43% of all closed loans for millennials in September, up 3% from the previous month. Refinances accounted for 51%......
Fintech News

June Ellie Mae Origination Insight Report Data Shows Purchase Market Rebounding As Interest Rates Continue To Decline

Fintech News Desk
by Fintech News Desk0
Interest rates on all closed loans continued to decline in June to 3.40 percent, down from 3.43 percent in May, according to the latest Origination Insight Report from Ellie Mae®, the leading cloud-based loan origination platform provider for the mortgage industry. The 30-year rate on conventional loans fell again, dropping to 3.42 percent,......
Ellie Mae Announces Virtual Experience 2020
Banking News

2019 Concludes With Interest Rates And Purchase Percentages On The Rise According To December Ellie Mae Origination Insight Report

Fintech News Desk
by Fintech News Desk0
According to the December Origination Insight Report from Ellie Mae, the leading cloud-based platform provider for the mortgage finance industry, interest rates rose again in December to 3.99 percent, up from 3.97 percent in November and the 2019 low of 3.93 percent in September. This is coupled with the increase in purchase loans,......
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