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Mortgage Refinance Share Rose Further in February, According to Ellie Mae Origination Insight Report

Mortgage refinancing as a share of overall loan volume jumped 8 percent in February to comprise 59 percent of lenders’ loan volume, according to the latest Origination Insight Report released by Ellie Mae® , a leading provider of innovative on-demand software solutions and services for the residential mortgage industry.

Mortgage applications rise on refinancing surge

Building on the huge momentum two weeks ago, mortgage application volume jumped further last week, up 14.2 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association (MBA).