With Memorial Day come and gone, we thought it’d be interesting to look at the amount of Veteran’s Association (VA) loans compared to the total amount of loans quoted through Marksman each year.
Despite a small decline from 2014 to 2015, the amount of VA Loans has been rising steadily for the last five years. While declining rates over that period would have somewhat of an effect, the lowered rates still wouldn’t account for the substantial increase in the percentage of VA Loans from other products.
One possible explanation for the small drop going from 2014 to 2015 is the industry’s recent refinancing boom. These numbers will be interesting to monitor over the coming months to see if VA Loans continue to decline in volume, or if they pick up over the course of the second half of the year.
If you’d like to learn more about our mortgage pricing engine, Marksman, you can schedule a consultative demo today.