{"id":454792,"date":"2021-03-10T09:03:14","date_gmt":"2021-03-10T14:03:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=454792"},"modified":"2021-03-10T09:03:14","modified_gmt":"2021-03-10T14:03:14","slug":"older-and-younger-millennial-loan-activity-differs-according-to-latest-ice-mortgage-technology-millennial-tracker","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/older-and-younger-millennial-loan-activity-differs-according-to-latest-ice-mortgage-technology-millennial-tracker\/","title":{"rendered":"Older and Younger Millennial Loan Activity Differs, According to Latest ICE Mortgage Technology Millennial Tracker"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwpadl0 { padding-left: 0px }\n.bwpadl1 { padding-left: 5px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Older and Younger Millennial Loan Activity Differs, According to Latest ICE Mortgage Technology Millennial Tracker<\/b><\/p>\n<p>PLEASANTON, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAccording to the latest <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.icemortgagetechnology.com%2Fmillennial-tracker&amp;esheet=52393604&amp;newsitemid=20210310005335&amp;lan=en-US&amp;anchor=Millennial+Tracker&amp;index=1&amp;md5=f2da7836144f9b900f4c5e3085c1b89a\">Millennial Tracker<\/a> from <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.icemortgagetechnology.com%2F&amp;esheet=52393604&amp;newsitemid=20210310005335&amp;lan=en-US&amp;anchor=ICE+Mortgage+Technology&amp;index=2&amp;md5=706a6f44ba8bf418aacaaddfc2d1fb97\">ICE Mortgage Technology<\/a><sup>TM<\/sup>, a division of Intercontinental Exchange, Inc. (NYSE: ICE) and the leading cloud-based loan origination platform provider for the mortgage industry, average interest rates for all millennials reached 2.88% in January \u2013 the lowest percentage since ICE Mortgage Technology began tracking the data in 2016. Older millennials (between 30-40 years old) and younger millennials (between 21-29 years old) took advantage of these low rates in different ways.\n<\/p>\n<p>\nOlder millennials closed more refinance loans in January than their younger counterparts, with refinances accounting for 59% of all closed loans for the cohort, while purchases represented 40%. Conversely, 71% of closed loans by younger millennials were for purchases and 29% of loans were for refinances.\n<\/p>\n<p>\n\u201cAlthough refinances are continuing to grow in popularity for both millennial cohorts, older millennials are still driving the majority of this boom,\u201d said Joe Tyrrell, president of ICE Mortgage Technology. \u201cWhile some younger millennial homeowners are exploring refinancing, most of this sub-group still remains focused on breaking into the housing market and purchasing their first home.\u201d\n<\/p>\n<p>\nDespite the inverse in types of loans closed by older and younger millennials in January, both sub-groups have seen steady consecutive increases in refinance share and decreases in purchase activity since July 2020. In January, refinance share for older millennials increased six percentage points to 59%, up from 53% the month prior. Younger millennials also saw an increase in refinance share from 26% in December to 29% in January.\n<\/p>\n<p>\nYounger millennials were also able to secure lower average interest rates compared with their older counterparts. Younger millennials secured an average interest rate of 2.83% across all loan types, while older millennials secured an average rate of 2.89%.\n<\/p>\n<p><b>ICE Mortgage Technology Millennial Tracker \u2013 Older Millennials vs. Younger Millennials <\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom bwtopsingle bwleftsingle bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Older Millennials<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignb bwtopsingle bwsinglebottom bwrightsingle bwpadl1 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Younger Millennials <\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwrowaltcolor1\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Closed Loans (Share) \u2014 All <\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRefinance\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n59%\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n29%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPurchase\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n40%\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n71%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwrowaltcolor1\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Loan Type &#8211; All<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nFHA\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n11%\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n22%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nConventional\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n86%\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n74%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nVA\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1%\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n1%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nOther\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2%\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n3%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwrowaltcolor1\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Time To Close (Days) \u2014 All<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAll\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n55\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n52\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRefinance\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n57\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n55\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPurchase\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n50\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n48\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwrowaltcolor1\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Average Interest Rates <\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n30 Year Note Rate \u2014 ALL\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.89%\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.83%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n30 Year Note Rate \u2014 FHA\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.84%\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.81%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwleftsingle bwrightsingle bwsinglebottom bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n30 Year Note Rate \u2014 Conventional\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.90%\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.85%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n30 Year Note Rate \u2014 VA\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.46%\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n2.56%\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAverage FICO\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n748\n<\/p>\n<\/td>\n<td class=\"bwvertalignb bwsinglebottom bwrightsingle bwpadl0 bwpadr0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignr bwcellpmargin\">\n729\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nThe ICE Mortgage Technology Millennial Tracker is an interactive online tool that provides access to up-to-date demographic data about this new generation of homebuyers. It mines data from a robust sampling of approximately 80% of all closed mortgages dating back to 2014 that were initiated on ICE Mortgage Technology\u2019s Encompass<sup>\u00ae<\/sup> all-in-one mortgage management solution. Given the size of this sample, it is a strong proxy of millennial mortgage indicators across the country. Searches can be tailored by borrower geography, age, gender, marital status, FICO score and amortization type. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.icemortgagetechnology.com%2Fmillennial-tracker%2Fregister&amp;esheet=52393604&amp;newsitemid=20210310005335&amp;lan=en-US&amp;anchor=http%3A%2F%2Ficemortgagetechnology.com%2Fmillennial-tracker&amp;index=3&amp;md5=d8e9d5bb369454d0f574fedbdf3bc0db\">http:\/\/icemortgagetechnology.com\/millennial-tracker<\/a>.\n<\/p>\n<p><b>About the ICE Mortgage Technology Millennial Tracker<\/b><\/p>\n<p>\nThe ICE Mortgage Technology Millennial Tracker focuses on millennial mortgage applications during specific time periods. ICE Mortgage Technology defines millennials as applicants born between the years 1980 and 1999. New data is updated on the first Monday of every month for two months prior. The Millennial Tracker is a subset of the Origination Insight Report, which details aggregated, anonymized data pulled from Encompass by ICE Mortgage Technology origination platform. Additional information regarding the Origination Insight Report can be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.icemortgagetechnology.com%2Fmortgage-data%2Forigination-insight-reports&amp;esheet=52393604&amp;newsitemid=20210310005335&amp;lan=en-US&amp;anchor=http%3A%2F%2Ficemortgagetechnology.com%2Fresources%2Forigination-insight-reports&amp;index=4&amp;md5=63924689f035cd36349dd30cc6943d68\">http:\/\/icemortgagetechnology.com\/resources\/origination-insight-reports<\/a>. News organizations have the right to reuse this data, provided that ICE Mortgage Technology, Inc. is credited as the source.\n<\/p>\n<p><b>About ICE Mortgage Technology <\/b><\/p>\n<p>\nICE Mortgage Technology, a division of Intercontinental Exchange, Inc. (NYSE: ICE), combines the innovation and expertise of Ellie Mae, Simplifile and MERS to automate the entire mortgage process from consumer engagement through loan registration and every step and task in between. ICE Mortgage Technology is the leading cloud-based loan origination platform provider for the mortgage industry with solutions that enable lenders to originate more loans, lower origination costs and reduce the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.icemortgagetechnology.com%2F&amp;esheet=52393604&amp;newsitemid=20210310005335&amp;lan=en-US&amp;anchor=ICEMortgageTechnology.com&amp;index=5&amp;md5=814b1728e0768960cfedb8e324d0273d\">ICEMortgageTechnology.com<\/a> or call (877) 355-4362 to learn more.\n<\/p>\n<p><i>\u00a9 2021 Ellie Mae, Inc., doing business as ICE Mortgage Technology. All rights reserved. Encompass\u00ae, Millennial Tracker\u2122, and the ICE Mortgage Technology logo are trademarks of the entities of ICE Mortgage Technology.<\/i><\/p>\n<p><i>Source: Intercontinental Exchange<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210310005335r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210310005335\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210310005335\/en\/<\/a><\/span><\/p>\n<p>\nSara Holtz<br \/>\n<br \/>ICE Mortgage Technology<br \/>\n<br \/>(925) 227-2193<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:sara.holtz@ice.com\">sara.holtz@ice.com<\/a><\/p>\n<p>\nCaitlin Coffee<br \/>\n<br \/>Allison+Partners<br \/>\n<br \/>(312) 635-8204<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ICEMortgageTechnology@allisonpr.com\">ICEMortgageTechnology@allisonpr.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Consumer Technology Construction &amp; Property Insurance Finance Banking Professional Services Consumer Data Management Residential Building &amp; Real Estate<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210310005335\/en\/864302\/3\/ICE_Mortgage_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Older and Younger Millennial Loan Activity Differs, According to Latest ICE Mortgage Technology Millennial Tracker PLEASANTON, Calif.&#8211;(BUSINESS WIRE)&#8211; According to the latest Millennial Tracker from ICE Mortgage TechnologyTM, a division of Intercontinental Exchange, Inc. (NYSE: ICE) and the leading cloud-based loan origination platform provider for the mortgage industry, average interest rates for all millennials reached 2.88% in January \u2013 the lowest percentage since ICE Mortgage Technology began tracking the data in 2016. Older millennials (between 30-40 years old) and younger millennials (between 21-29 years old) took advantage of these low rates in different ways. Older millennials closed more refinance loans in January than their younger counterparts, with refinances accounting for 59% of all closed loans for the cohort, while purchases &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/older-and-younger-millennial-loan-activity-differs-according-to-latest-ice-mortgage-technology-millennial-tracker\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Older and Younger Millennial Loan Activity Differs, According to Latest ICE Mortgage Technology Millennial Tracker&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-454792","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Older and Younger Millennial Loan Activity Differs, According to Latest ICE Mortgage Technology Millennial Tracker - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/older-and-younger-millennial-loan-activity-differs-according-to-latest-ice-mortgage-technology-millennial-tracker\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Older and Younger Millennial Loan Activity Differs, According to Latest ICE Mortgage Technology Millennial Tracker - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Older and Younger Millennial Loan Activity Differs, According to Latest ICE Mortgage Technology Millennial Tracker PLEASANTON, Calif.&#8211;(BUSINESS WIRE)&#8211; According to the latest Millennial Tracker from ICE Mortgage TechnologyTM, a division of Intercontinental Exchange, Inc. (NYSE: ICE) and the leading cloud-based loan origination platform provider for the mortgage industry, average interest rates for all millennials reached 2.88% in January \u2013 the lowest percentage since ICE Mortgage Technology began tracking the data in 2016. Older millennials (between 30-40 years old) and younger millennials (between 21-29 years old) took advantage of these low rates in different ways. Older millennials closed more refinance loans in January than their younger counterparts, with refinances accounting for 59% of all closed loans for the cohort, while purchases &hellip; Continue reading &quot;Older and Younger Millennial Loan Activity Differs, According to Latest ICE Mortgage Technology Millennial Tracker&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/older-and-younger-millennial-loan-activity-differs-according-to-latest-ice-mortgage-technology-millennial-tracker\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-10T14:03:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210310005335r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/older-and-younger-millennial-loan-activity-differs-according-to-latest-ice-mortgage-technology-millennial-tracker\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/older-and-younger-millennial-loan-activity-differs-according-to-latest-ice-mortgage-technology-millennial-tracker\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Older and Younger Millennial Loan Activity Differs, According to Latest ICE Mortgage Technology Millennial Tracker\",\"datePublished\":\"2021-03-10T14:03:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/older-and-younger-millennial-loan-activity-differs-according-to-latest-ice-mortgage-technology-millennial-tracker\\\/\"},\"wordCount\":761,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/older-and-younger-millennial-loan-activity-differs-according-to-latest-ice-mortgage-technology-millennial-tracker\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210310005335r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/older-and-younger-millennial-loan-activity-differs-according-to-latest-ice-mortgage-technology-millennial-tracker\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/older-and-younger-millennial-loan-activity-differs-according-to-latest-ice-mortgage-technology-millennial-tracker\\\/\",\"name\":\"Older and Younger Millennial Loan Activity Differs, According to Latest ICE Mortgage Technology Millennial Tracker - 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