Skip to main content

ARM Market Share at New High

Phil Hall
Jan 23, 2019
The national homeownership rate in the fourth quarter of 2018 was 64.8 percent, according to the latest U.S. Census Housing Vacancies and Homeownership report

Adjustable-rate mortgages (ARMs) accounted for 9.2 percent of originations during December, up from 8.9 percent in November, according to new data from Ellie Mae. Last month’s ARM market share was the highest for 2018 and the highest since Ellie Mae started tracking this data in 2011.
“With the strong demand for housing and the rapid increase in property value appreciation, more consumers are turning to adjustable-rate mortgages in order to gain additional flexibility when competing for a home,” said Jonathan Corr, President and CEO of Ellie Mae. “This is another key indication of how demand has outpaced supply in the housing market as consumers pursue their dream of homeownership.”
Ellie Mae also reported that the percentage of purchase loans in December inched up to 71 percent from 70 percent in November, while overall FICO scores inched down one point to 726. The time to close all loans increased from 46 days in November to 47 days in December—the time close a purchase loan was 47 days and the time to close a refinance was 44 days.  

Jan 23, 2019
Helping the H.E.L.P.E.R.s

Federal bill poised to open up market to more teachers, first responders

Dec 01, 2023
Fidelity National Financial Hit By Cyberattack

Industry-leading provider of title insurance and settlement services radio silent on reported breach.

Nov 28, 2023
Citizens Bank Bids Farewell To Wholesale Mortgage Channel

In a strategic pivot, the Providence-based banking giant will stop accepting new wholesale mortgage submissions.

Nov 16, 2023
Surprising Surge In Mortgage Customer Satisfaction, J.D. Power Study Reveals

Study found first-time homebuyers were harder to satisfy, customers don't just shop rates.

Nov 16, 2023
Women Continue To Defy Homebuying Challenges, Representing 22% Of The Market, Survey Finds

Young, educated, diverse, and increasingly savvy, women homebuyers navigate homeownership hurdles with determination.

Nov 15, 2023 Stays Bullish On Industry Disruption Amid Q3 Losses

Despite a $340 million Q3 loss,'s leadership emphasizes cost reductions, automation, and investment in technology.

Nov 15, 2023