{"id":9594,"date":"2016-05-23T12:33:15","date_gmt":"2016-05-23T12:33:15","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=9594"},"modified":"2016-05-23T12:33:32","modified_gmt":"2016-05-23T12:33:32","slug":"average-time-close-44-days","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/average-time-close-44-days\/","title":{"rendered":"Average Time to Close: 44 Days"},"content":{"rendered":"<h2>Average Time to Close: 44 Days<\/h2>\n<p>&nbsp;<\/p>\n<div id=\"attachment_9595\" style=\"width: 575px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/2016\/05\/23\/average-time-close-44-days\/closing-costs2-edit\/\" rel=\"attachment wp-att-9595\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-9595\" class=\"size-full wp-image-9595\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2016\/05\/closing-costs2-edit.jpg\" alt=\"Average Time to Close: 44 Days\" width=\"575\" height=\"250\" srcset=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2016\/05\/closing-costs2-edit.jpg 575w, http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2016\/05\/closing-costs2-edit-300x130.jpg 300w\" sizes=\"auto, (max-width: 575px) 100vw, 575px\" \/><\/a><p id=\"caption-attachment-9595\" class=\"wp-caption-text\">Average Time to Close: 44 Days<\/p><\/div>\n<p>&nbsp;<\/p>\n<p>For the second consecutive month, the average time to close all loans stayed at 44 days, suggesting that new mortgage rules that took effect this fall are having less of an impact on delaying loans, according to Ellie Mae\u2019s latest Origination Insight Report.<\/p>\n<p>Here\u2019s a breakdown of averages from the report:<\/p>\n<ul>\n<li>The average time to close a purchase remained at 45 days in April.<\/li>\n<li>The average time to refinance rose to 44 days in April (up from 41 days in March).<\/li>\n<li>The average time to close FHA loans rose to 45 days (up from 44 days in March).<\/li>\n<li>The average time to close VA loans stayed steady at 48 days.<\/li>\n<\/ul>\n<p>The closing rates for all loans dropped to 69 percent in April, retreating from the high of 71 percent in March, according to Ellie Mae\u2019s report. More specifically, purchase closing rates dropped to 73 percent in April, down from 75 percent in March.<\/p>\n<p>Credit scores remain high among applicants. Sixty-eight percent of purchases and 69 percent of refinances had FICO credit scores of 700 or above. Thirty-one percent of purchases had a FICO score between 600 to 699.<\/p>\n<p>Additional highlights from the report:<\/p>\n<ul>\n<li>The average 30-year rate for all loans dropped from 4.12 in March to 4.10 in April.<\/li>\n<li>Debt-to-Income remained steady at 25\/38 and Loan-to-Value stayed at 80.<\/li>\n<\/ul>\n<p><em>Source: Ellie Mae<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Average Time to Close: 44 Days &nbsp; &nbsp; For the second consecutive month, the average time to close all loans stayed at 44 days, suggesting that new mortgage rules that took effect this fall are having less of an impact on delaying loans, according to Ellie Mae\u2019s latest Origination Insight Report. Here\u2019s a breakdown of &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/average-time-close-44-days\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-9594","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Average Time to Close: 44 Days - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/average-time-close-44-days\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/average-time-close-44-days\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/average-time-close-44-days\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Average Time to Close: 44 Days\",\"datePublished\":\"2016-05-23T12:33:15+00:00\",\"dateModified\":\"2016-05-23T12:33:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/average-time-close-44-days\\\/\"},\"wordCount\":231,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/average-time-close-44-days\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2016\\\/05\\\/closing-costs2-edit.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/average-time-close-44-days\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/average-time-close-44-days\\\/\",\"name\":\"Average Time to Close: 44 Days - 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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