Clippings: January 25, 2012
In The Denver Post Mortgage loan payoffs hit 10-year low January 25, 2012 "Real estate activity perked up a bit during the fourth quarter, which would reflect some very recent growth in employment and some mild increases in home prices." said Ryan McMaken, spokesman for the Colorado Division of Housing. "But overall, the fourth quarter's activity wasn't enough to keep 2011 from being another flat year." The Colorado Springs Gazette January 25, 2012 Mortgage loan payoffs fall in Springs area But if there’s a sign of good news, it’s that mortgage payoffs in El Paso County totaled 8,023 in the fourth quarter of 2011 — an increase over each of the first three quarters of last year and a possible indication that housing activity is picking up, said Housing Division spokesman Ryan McMaken. The other 20 counties in the report also saw increases in the fourth quarter when compared with the third quarter. “After two years of declines in mortgage rates without any big...