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October Origination Insight Report From Ellie Mae Shows Percentage of Refinances Ticks Slightly Higher as Interest Rates Dip to New 2017 Low

Business Wire Wednesday, 15 November 2017 ()
October Origination Insight Report From Ellie Mae Shows Percentage of Refinances Ticks Slightly Higher as Interest Rates Dip to New 2017 LowPLEASANTON, Calif.--(BUSINESS WIRE)--The percentage of refinances climbed another percentage point to 39 percent of total loans in October, the highest percentage since February of 2017. This is coupled with a decrease in interest rates for the sixth straight month to 4.20 percent, a new 2017 low, according to the October Origination Insight Report from Ellie Mae® (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry. Time to close a refinance stayed steady at
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