Friday, July 27, 2012
'The the MBA reported yesterday that refinance activity was at the highest level since 2009.'
Calculated Risk has an interesting analysis of recent trends in the mortgage rate and refinance activity. With record low rates, re-finance activity, not surprisingly, is at a three-year high.
On Monday, I'll release the state's report on releases of deeds of trust. Old reports are here. This report acts as something of a proxy index for home sales and refinance activity in Colorado. A deed of trust is released every time a home loan is paid off, which means, releases happen when existing homes are bought or refinanced.
Check back Monday for the report which shows that release activity has fallen off slightly since the first quarter, but is still up year-over-year.
Posted by Ryan McMaken at 8:02 AM