Salt Lake City, UT (PRWEB) July 31, 2012
The possible return of mortgage industry growth.
CalcXML has noticed more than a 10% spike in traffic to their mortgage calculator after recent news that the mortgage industry has grown by 5% in the past month. This is good news for a battered market and should be a strong sign that the economy is stabilizing. "We are seeing a great deal of visitors," said Brian Barnett, a company spokesperson, "and people are spending more time using the calculator as if they really are in the market for a home."
A barometer for mortgage success.
CalcXML and its partners have been hoping to see a new break in the mortgage market and the numbers speak for themselves. As people become more and more focused on buying homes and researching: prices, rates, and neighborhoods, this should indicate that growth in actual purchases may follow. Although the company did say that the traffic tends to "sputter" a bit from time-to-time, the more consistent trend is that their mortgage calculator is getting a good amount of use.
Increased volume on financial calculators.
Although they have seen relatively strong increases in the use of their financial calculators, the overall affect is only about 1/3 that of the increase in the use on the mortgage side of the industry. However, an increase in the use of financial calculators may be a small indicator that investors are ready to lend again and get the cash flows moving to areas of the Country where they are so badly needed.
"We are excited to see that people are starting to buy homes more often," said Brian Barnett, "and I wasn't worried about the market recovery; no matter what market we're in- people will always need nice homes for their family." CalcXML specializes in creating custom calculators, including mortgage and financial calculator code for some of the top financial authorities in the US. For more information, please visit: http://www.calcxml.com/calculators/mortgage-calculator