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