Florida Mortgage Companies Grow

Mortgage rates over the last month gave many mortgage professionals hope that business was again on the rise. As many homeowners flocked to refinance their homes at lower or even fixed rates, mortgage brokers thought that the industry lull was at a close. But lagging home sales, along with a recent slight increase in mortgage rates, may make some think that the mortgage industry is a cooling field. Not so in the areas of central and north Florida, however.

Industry reports show that the number of mortgage professionals in these two areas increased by more than 13% when compared to last year. That is in stark contract to southern Florida, where high property prices have pushed many mortgage professionals out of business. The key to the growth is moderate local housing prices, along with key offices that supply regional or national service. The increase in recent refinances makes many area professionals feel that this work force increase could continue into the next year, with 2007 perhaps surpassing this years growth.\r\n