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Home / News / Economy / Refinance Activity on the Rise as Interest Rates Drop, According to the Latest Ellie Mae Millennial Tracker (access required)

Refinance Activity on the Rise as Interest Rates Drop, According to the Latest Ellie Mae Millennial Tracker (access required)

According to the latest Ellie Mae Millennial Tracker, the average interest rate on all 30-year loans closed by millennials in January dropped to 3.94%, down slightly from 3.95% in December. This decline marks a deviation from the months prior, as average rates rose month-over-month in both November and December. January also saw refinance share – the ...

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