Business Report - Shifting Trend in Mortgage Loans From Refinanc - Hawaii News Now - KGMB and KHNL

Business Report - Shifting Trend in Mortgage Loans From Refinances to Purchases

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(Hawaii News Now) - Recently, there has been an interesting trend in the home loan business - mortgage loans have been shifting from refinances to new home purchases.  Right now the ratio of new home loans to refinances is about 30/70, but mortgage loan insiders are predicting a shift to 70/30 by the end of this year, with a 50/50 split occurring in the 1st or 2nd quarter of this year.

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