Morning Minute: Faster closing times for home loans

It is taking borrowers less time to close on their home loans according to a new report from Ellie Mae. In July, it took an average of 37 days to close on a loan, a drop compared to the 41-day average a month before. Read more about the report from NAR’s Daily Real Estate News.

In other headlines:

Home prices show smallest gains in 17 months – ABC News

3 Reasons Mortgage Demand Is Dropping – Daily Real Estate News

 

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