Time to Close for Millennials Swings From State to State

The average time it took millennial mortgage borrowers to close a loan was 44 days in July, but swung from state to state, according to Ellie Mae®’s recently released Millennial Tracker™, a measure of millennial mortgage applications. Closing a purchase loan took 42 days, while closing a refinance loan took 46 days. Time to close […]

The post Time to Close for Millennials Swings From State to State appeared first on RISMedia.

Time to Close for Millennials Tapers to Fewest Days in a Year

The average time it takes millennial mortgage borrowers to close a loan tapered off to 44 days in February, the shortest time period since March 2016, according to Ellie Mae®’s recently released Millennial Tracker™, a measure of millennial mortgage applications. Closing a purchase loan took two days less than the average at 42 days, while […]

The post Time to Close for Millennials Tapers to Fewest Days in a Year appeared first on RISMedia.