CoreLogic’s June report finds that loan refinancing doesn’t make sense for a lot of current homeowners in the U.S. Forecasts predict mortgage rates will increase this year, so CoreLogic used its data to determine refinancing conditions, mortgage denial rates and the overall health of the housing market throughout the nation.
- Loan originations have declined by 60 percent since 2005, when there were 11.7 loan applications for single-family homes.
- Home prices increased 1.2 percent monthly in Illinois and 1.8 percent on an annual basis.
- Illinois is still in the red for the number of foreclosures in the state.