Purchase loans are starting to lose a little ground to the refinance market.

The refinance share last month got a little higher than it was in June and rose to 35%, according to Ellie Mae's latest monthly report. The share of refinances in the market was 32% in May and in June, when Ellie attributed the lack of growth in purchase share to the scarcity of home inventory in the market.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry