Average Time to Close: 44 Days

http://realtormag.realtor.org/daily-news/2016/05/20/average-time-close-44-days?om_rid=AADG2i&om_mid=_BXP4CuB9N3VtTQ&om_ntype=RMODaily

I still think this is disappointing, before the new mortgage rules, my preferred lenders would close in less than 30 days, and in my experience it does take longer than it used to.

Here’s a breakdown of averages from the report:

• The average time to close a purchase remained at 45 days in April.
• The average time to refinance rose to 44 days in April (up from 41 days in March).
• The average time to close FHA loans rose to 45 days (up from 44 days in March).
• The average time to close VA loans stayed steady at 48 days.