In a recent report released by Grand Canyon Title in Phoenix, data shows that refinancing in metro Phoenix is a popular choice among home owners struggling with the financial hardship that has impacted their ability to afford mortgage payments. Phoenix home prices are quickly jumping upward, and favorable lending conditions make it a perfect time for potential buyers to take advantage of low mortgage rants. Refinance activity has also been impacted by two programs initiated by the federal government in an effort to push the economy in the right direction. The programs have lent financial backing to mortgage programs so that rates remain attractive to potential consumers.Phoenix Mortgage Refinancing Increases

Since January 2012, home refinance closings in the metro-Phoenix region have increased by 128%, and refinance closings have followed suit. Since Phoenix is rapidly becoming a hub of entertainment, especially in the technology and health sciences industries, new buyers are taking a look at Phoenix real estate as something they'd like to include in future plans.

The Arizona State University's W.P. Carey School of Business reported that Phoenix home values have increased by 30% from this time last year, and the experts agree that the trend is very likely to continue. Along with that, Freddie Mac reports that interest rates for 30-year fixed-rate mortgages have continued to decline. This makes it the perfect time to see what Phoenix real estate has to offer you and your loved ones.

If you have any questions about financing options, please don't hesitate to contact me. I have extensive experience with several different lenders in this market, and would be happy to give you a list of folks I feel you'd be happy to work with.