Millennial mortgages close rapidly as low rates raise purchasing power

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Millennials closed mortgage loans at their fastest pace in four years as lower interest rates pushed up purchasing power and incentivized them to pull the trigger, according to Ellie Mae. The average 30-year note rate fell to 4.75% in March, down from 4.85% in the prior month to its lowest percentage since April 2018.

The mortgage interest rate you find plays a large part in how much money your lender will let you borrow. That affects how much home you can buy. That begs the question: how does your purchasing.

THE MILLENNIAL GENERATION RESEARCH REVIEW. W11 Only workers with a bachelor’s degree experienced an increase in earnings over the last generation. The median earnings for young women with at least a bachelor’s degree rose 20% over the last 30 years, evidence of the advancement of women in the workplace.

Millennial mortgages close rapidly as low rates raise purchasing power Millennials closed mortgage loans at their fastest pace in four years as lower interest rates pushed up purchasing power and incentivized them to pull the trigger, according to Ellie Mae.

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Millennial Mortgage We offer the assistance you need to help in all of your mortgage endeavors. Whether you are consolidating your debt, refinancing your home, or buying your first house, we have the expertise to make it a fast, easy, and enjoyable process.

Dig Mortgage: 2018 Demo Sessions Built Technologies raises capital to tackle construction lending Built, the Nashville, TN based technology company bringing construction lending into the digital age, today reached a pivotal point in the company’s three-year history with a $21 million Series A investment led by global venture capital firm index ventures, with participation from New York-based Nyca Partners, a FinTech-focused VC firm.