MBA Chart of the Week: Refinance Applications by Loan Size

We saw a downward turn in mortgage rates in late 2018, which started when there was a flight to quality in response to concerns about a slowdown in the global economy and trade tensions between the U.S. and China. The drop in mortgage rates led to a revival in the refinance market in 2019.

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.