Monthly metrics for mortgage originations have yet to reflect the impact from the presidential election — with the closing rate deteriorating, turnaround slowing and refinance share holding.
Of all residential loans closed during November, 68 percent were conventional mortgages, the same share it’s been since August. Conventional share widened from 64 percent a year earlier.
Mortgages insured by the Federal Housing Administration accounted for a fifth of all originations, also unchanged for four consecutive months but thinner than 23 percent in November 2015.
Source: Mortgage Daily
