Market Update

The purchase mortgage market is back on top

     
The purchase mortgage market is back on top

According to HousingWire, the share of refinances in mortgage origination volume dipped below 50% for the first time in 15 months in March. With interest rates continuing to tick up, the purchase mortgage market is where most lenders will focus operations over the next year.

“Recent – and sharp – upward movements in interest rates have shifted the mortgage originations landscape very quickly,” said Scott Happ, Black Knight’s president of secondary marketing technologies.

Continue reading The purchase mortgage market is back on top at Movement Mortgage Blog.

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