Ellie Mae: Refis, Closing Rates Up

Mortgage interest rates are low—you know that; refinancings have been going through the roof—and if you’ve been following the Mortgage Bankers Association’s Weekly Applications Survey or the activity in your office, you know that, too. But Ellie Mae, Pleasanton, Calif., has another stat you might be interested in: closing times, which have also dramatically improved.

Ellie Mae: October Refis Show Strength

Ellie Mae, Pleasanton, Calif., said refinances accounted for the highest percentage of closed loans in October since March 2015.

Ellie Mae: Low Rates Drive September Refi Rate

Ellie Mae, Pleasanton, Calif., released its monthly Origination Insight Report, showing falling interest rates drove the refinancing rate for closed rates to nearly 50 percent.