by: David Morrison

Mortgage software firm Ellie Mae reported Wednesday that 61% of mortgage loans originated through its lending platform in June went to purchase money loans, and in addition, lenders’ closing rates on all purchase loans had reached 69%.

That means June was the first month since October 2014 during which purchase money loans accounted for 60% or more of mortgage loans in a given month. June also saw the highest level of purchase loan closing rates since Ellie Mae began tracking origination data in August 2011, the Pleasanton, Calif.-based firm said.

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