Ellie Mae: Average closing times now sit at lowest level in two years

The average time to close a loan spent a lot of 2016 fluctuating around the high 40s, but this is no longer the case. The survey found that the average time now sits at the lowest level in two years. On the other side, the report also found that the purchase market is heating up, as March ushers in the start of the spring home-buying season.

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