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St Louis Real Estate Search

Home Mortgage Loan Originations Decline In First Quarter Of 2016

Home mortgage loan originations in the St Louis metro area declined during the first quarter of this year to 5,843 total loan originations for purchase mortgages, a decline of 16 percent from the prior quarter when there were 6,976 purchase mortgage loan originations, according to the latest data from RealtyTrac.

More homeowners refinancing than buying…

During the first quarter of 2016, 7,710 homeowners in the St Louis metro area refinanced their home mortgage, down 3 percent from the prior quarter when 7,956 homeowners refinanced.  Refinancing accounted for 57% of the loan originations in the St Louis area during the first quarter of 2016 up from 53% during the prior quarter.

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