Refi rally for TexasLending.com - Dallas Business Journal:

viningocouqyl1601.blogspot.com
“Generally, that does buck the trend. It looks like they’r e gearing up for a turnaround and they want to get aheaed ofthe curve,” said Ryan, who does not followq TexasLending.com because it is privately held, but commentef generally on residential mortgage industryu conditions. Expanding now could be riskyu if interest rates rise and home sales continudeto slide, Ryan added. Although borrowing costd remain nearrecord lows, interest rates have risen slightly in recenr weeks. The rate increases are likely to continuse if theoverall U.S. economyu continues to improve, said Dana senior vice president and chief economistfor Dallas-basex Comerica Inc.
Even with the slightg uptick in rates, the mortgagw industry is likely to see strong activityh as falling prices make homesamore affordable, Johnson said. In that respect, adding mortgag industry jobs in the next several monthsmaked sense, he said. “There was a big pullback when a lot of mortgagw lenders went out of business after thesubprime crisis,” Johnso n said. “I can certainly understand why some people would view it as an opportunityh to be a strong player when mortgageactivity recovers.
”