Tag Archives: Origination Report

A recent Mortgage Origination report showed that while refinancing soared, purchase mortgage activity plummeted, making up just above one-quarter of all home loans during Q2. Here’s what’s behind the trends.

The percentage of refinances continue to remain low as interest rates rise. Here’s a breakdown of how other loans performed.

Mortgage refinance rates climbed another 8 percent in February to 59 percent, making it the highest it has been since May 2013. According to Ellie Mae’s Origination Report released Wednesday that number is almost doubled the rate seen six months ago in August 2014 and 16 percentage points higher than the year-over-year figure of 38.