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Purchase And Refinance Mortgage Originations Increased In 2016

Aug. 23, 2017

According to CoreLogic’s analysis of public records, the dollar volume of purchase and refinance mortgages originated last year grew to $2 trillion, a 15 percent jump from 2015.

The number of all mortgages also went up 10 percent from the previous year, nearly reaching 8 million.

Refinance was the main cause of the increase, but purchase originations were strong, with an 11 percent rise in dollar volume and 7 percent rise in total homes.

The purchase originations increase was due to an increase in home sales, a decrease in the share of homes purchased with all cash, and strong home price appreciation.

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