March 2016 Mortgage Market Share Report

First quarter takeaways?…
Interest rates are low, but few refinances. (See mortgage charts pages 7, 9 & 10) Compare 2016 to refi years 2009, 2012 & 2013.

However, the purchase market is hot. (See deed recording chart page 13) The first quarter is up considerably from two years ago. Could it be that we?re now in a ?normal? market? I think so! Hopefully the small inventory of used homes on the market doesn?t slow things down.

Here?s a little chuckle for your moments of reflection about where we?ve all been the last six months.

Have a great spring!

Harvey