Mortgage refi share ticks up in August, bucking trend

Despite a temporary uptick in the US mortgage refinancing rate in August this year, rising interest rates are weighing on refinancing activity which is pushing issuers to be more creative in how they extend credit to borrowers, according to some market observers.

  • By Alexander Saeedy
  • 20 Sep 2018
As reported by Ellie Mae, a mortgage data provider, the share of refinancing loans in the overall mortgage market increased for the first time in August, representing 32% of all loans. That figure totaled 45% in January but has steadily declined as mortgage rates have risen on the ...

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