Mortgage Loan Officers Share Insights on Home Equity Growth Across States

FOR IMMEDIATE RELEASE

Mortgage Loan Officers Share Insights on Home Equity Growth Across States Crestone, CO - April 11, 2024 (USANews.com) - Mortgage loan officers across the country are weighing in on the latest report from MBS Highway, which reveals the significant growth in home equity that homeowners have experienced in each state over the past 5 years. The report sheds light on the financial benefits that homeowners have gained as a result of rising home values. According to the report, homeowners in Colorado had a 52.57% increase in home values over the past five years. Nathan Einkorn, a Mortgage Broker in Parker Colorado said, "By considering options such as refinancing, home equity loans, or even selling to capitalize on the market's strength, homeowners can maximize their financial gains. However, for renters, this surge in home values may signal a challenging landscape with potentially higher rental prices as landlords seek to cover increased property costs."