April 4, 2018

Millennial Purchase Loans Increased Despite Rising Interest Rates According to February Ellie Mae Millennial Tracker™

PLEASANTON, Calif.–(BUSINESS WIRE)–Eighty-three percent of mortgage loans made to Millennial borrowers in February were for new home purchases, up two percentage points from the month before but three points lower than a year ago, according to the latest Ellie Mae Millennial Tracker™. Millennial purchase loans have been trending up compared to all closed purchase loans, now representing 45 percent of total closed purchase loans compared to 43 percent in December. Non-Millennial purchase loans

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