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Statewide mortgage payoffs lowest since 2000

Wednesday, January 25, 2012

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The number of mortgage loans paid off, an indicator of real estate market health, fell 6.4 percent statewide from 2010 to 2011. However, the number of loan payoffs rose from the third to fourth quarter. “That’s good news after three consecutive quarters of declining release rates,” said Ryan McMaken, spokesman for the Colorado Division of […]

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