It is taking borrowers less time to close on their home loans according to a new report from Ellie Mae. In July, it took an average of 37 days to close on a loan, a drop compared to the 41-day average a month before. Read more about the report from NAR’s Daily Real Estate News.
In other headlines:
Home prices show smallest gains in 17 months – ABC News
3 Reasons Mortgage Demand Is Dropping – Daily Real Estate News