Daren Blomquist Blomquist: “Non-banks like Quicken Loans are continuing to gain share, while the Wells Fargos and Bank of Americas and JPMorgans of the world are losing share when it comes to origination.”

IRVINE, CA—Rising interest rates are having a chilling effect on home purchases, but surprisingly are encouraging homeowners to refinance in order to lock in rates before they rise too high, ATTOM Data Solutions’ SVP Daren Blomquist tells GlobeSt.com. The firm recently released its Q4 2016 U.S. Residential Property Loan Origination Report, which showed that  refinance originations continued to post strong numbers compared to a year ago in the fourth quarter, even as purchase originations decreased on a year-over-year basis for the second consecutive quarter, according to Blomquist