“The 30-year mortgage rate was at a record low average of 3.36 percent during 2012, and that has really helped push up refinance and purchase activity in Colorado,” s Ryan [...]
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“We see that the counties with the most release activity tend to have higher incomes and are particularly popular places to live,” Ryan [...] “With mortgage rates at such low levels, there’s a big incentive to buy or refinance right now, assuming your loan gets approved,” Ryan [...] “It’s like you have a big fire and you throw a bunch of water on it. Sometimes you will put out the fire and be left with a lot of water damage,” Pete Lansing on programs designed to help [...] “Release activity is connected to activity in refinances and in new real estate purchases. So, when a lot of people are buying new homes or refinancing their mortgages, we see a surge in releases,” Ryan [...] “This is a Band-Aid for a gaping wound,” Brown said. [...] “If someone was in any way thinking of buying a home, it might be a good idea. Why wouldn’t [...] “It really is giving yourself a pay raise without having to argue with your boss,” Tom Clark on the benefits of refinancing into record low [...] Homeowners in the Denver metro area could potentially save more than $500 million a year by refinancing, according to an estimate by InsideRealEstateNews.com, if they only were able to take advantage of record-low mortgage rates. Many borrowers cannot. “I have to tell dozens and dozens of borrowers that they don’t qualify,” said Lou Barnes, principal of Boulder [...] |
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