DENVER HOUSING MARKET

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DENVER HOUSING MARKET
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Mortgage activity

• RealtyTrac did an analysis on mortgage activity
  and revealed that homeowners in Metro Denver
  burned in the fourth quarter with refinancing.
  During the last 3 months of 2015, residents of
  Denver area refinanced twenty-eight percent more
  mortgages than they did during the last 3 months
  of 2014. RealtyTrac studied 65 areas in Metro
  Denver and that was the fourth-hugest jump among
  these areas with 5,000 or more originations of
  loan. In addition, that was way ahead of the two
  percent growth in refinancing of mortgage
  measured countrywide.

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Percent in mortgage

• There are three cities in Tennessee that are
  ranked ahead of Denver. These cities are
  Nashville with 80 percent in mortgage
  refinancing, Knoxville with 46 percent, and
  Memphis with 31 percent. There are other cities
  that came with huge benefits in mortgage
  refinancing. These cities encompassed Grand
  Rapids in Michigan with 25 percent, Fort Myers in
  Florida with 23 percent and Portland in Oregon
  with 21 percent. Albuquerque, Oklahoma, Tulsa,
  Iowa, and Des Moines had all 19 percent benefits.

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Interest rate increase

• The analysis revealed that borrowers who
  proceeded to refinance mortgage have been
  attempting to get ahead of an interest rate
  increase of Federal Reserve in December. Another
  motivation that seemed more probable was an
  attempt to catch equity after huge increase in
  house prices.

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Denver and Other cities

• The difference between Denver and Other cities
  with big refinancing activity is that there was
  no increase in mortgages taken out to buy
  residential properties. In fact, Metro Denver
  experienced a drop of 3.3 percent in the last
  months of last year.

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Contact here

• 4 Inverness Court East 300
•   Phone [phone]
• Fax- 1.3033178123
• Email info_at_ventanacap.com Web
  site http//www.ventanacap.com/

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Thank You

• For more updates click here
• http//www.darwin-horan.net/