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Article: Lucas County, Ohio, Continues to See Surge of Mortgages.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- January 11, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Mary-Beth McLaughlin, The Blade, Toledo, Ohio Knight Ridder/Tribune Business News
Jan. 11--Recorder Sue Rioux has a simple explanation for why the number of mortgages handled in Lucas County -- and the total dollars lent -- were both up almost 7 percent last year over 2002.
"Anyone who hadn't refinanced or bought before this year figured it was as good a time as ever, especially with 30-year fixed rates down where 15-year rates usually are," she said.
The Lucas County recorder's office handled 46,152 loans last year, valued at $8.9 billion, nearly 3,000 more loans and $300 million more in value than in the previous year.
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