Home refinancings jump dramatically in the Tampa Bay area

Bucking a national trend, home refinancings rose 22 percent in Tampa Bay in the third quarter of this year compared to a 11 percent decrease nationally.
Published December 13 2018

Bucking a national trend, home refinancings increased dramatically in the Tampa Bay area in the third quarter of this year. According to the real estate tracker ATTOM Data Solutions, refinancings soared 33 percent from the same period a year earlier compared to an 11 percent decrease nationally.

As Tampa Bay home prices and values rise, more owners are tapping their equity to pay for home improvements, vacations or other expenses. Refinancings also jumped in Miami and Orlando in the three months ended in September.

Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. Follow @susanskate.

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