Lenders pick up the pace in closing mortgages
Housing Wire
MAY 26, 2021
The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The study, ICE’s Origination Insight Report, also found April to be the second consecutive month of slowdown in share of refinances among total originations, dropping to 56% from 63% in March. The percentage of purchase mortgages increased to 43% of total closed loans.
Let's personalize your content