Mortgage trends favorable for homebuying clients
Whipsawing financial markets notwithstanding, financial advisors should be able to deliver encouraging news to clients looking to take out a mortgage as homebuying season approaches, according to Ellie Mae’s January Originations Insights Report.
With mortgage rates at their lowest level in 10 months, a number of trends giving clues for what to expect from originations this year and how a lender's product mix will evolve. According to Ellie Mae, those indications are trending northward.
Here's a look at seven charts that show where mortgage lending is headed in 2019, characterized by evolving traits in originations.
The data is derived from Ellie's January Originations Insights Report, based on loans closed on its loan origination system in January. Closing rates are calculated on a 90-day cycle.