Dana Capital Group Primed for Growth as Experts Forecast Another Strong Year for the Housing Market
Industry Trends Point Toward a Continued Decline in Mortgage Rates in 2005
Irvine, CA (PRWEB) February 16, 2005 -- Dana Capital Group, one of Californias largest privately held mortgage companies, is primed for another record-setting year as industry analysts predict that interest rates will remain at record lows in 2005, fueling sales of new and existing homes. The weekly survey released January 20 by Freddie Mac showed that rates on 30-year, fixed rate mortgages averaged 5.67 percent for the week ending Jan. 20, compared with 5.74 percent the week prior. Dana Capital set a new annual sales record in 2004 with over $3 billion in loan volume, including first mortgages, home equity loans, refinancing and debt consolidation loans.
Analysts are forecasting that housing will enjoy another good year in 2005 if mortgage rates do not rise too sharply," said Dana Smith, president of Dana Capital Group. This is good news, as industry and economic indicators are pointing to the fact that rates will remain at historical lows. This will enable Dana Capital to continue leveraging our retail network to sustain and even surpass our 2004 growth. We exceeded every goal we set last year by leaps and bounds, and we intend to do it again this year. The key is to remain focused on helping homeowners and homebuyers achieve their goals."
About Dana Capital Group
Dana Capital Group provides a broad range of loan products to customers nationwide. The companys mission is to provide fast and efficient mortgage services to customers, while making the loan process as simple and convenient as possible. Dana Capital Group is privately held and headquartered in Orange County, California.
For more information, please visit www.danacapital.com.
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