Though application volume dropped, refis made up a bigger share of the total
Ellie Mae reported an uptick in refinancing despite a market shift to purchase loans
Refis have hit their highest level since February
The company’s move aligns with the growing interest in HECM origination among its loan officers
Applications for new homes saw a precipitous month-over-month drop
With the exception of adjustable-rate mortgages rates, average interest rates decreased during the week