Arvest Sees Jump

Arvest Bank Group Inc. had the second-highest month for mortgage applications in its history in March, a significant feat considering the housing boom from 2004-2005 and months when interest rates dropped, encouraging a slew of refinancing by homeowners.
Those in the know at Arvest are looking in to the cause of the March jump in applications but are hopeful a buyer’s market of unoccupied homes and continued low interest rates will make 2007 a positive year for the residential market after a correction in 2006.
The news should make the next Skyline Report a fascinating read.