Arvest Bank Announced Record-Breaking Year
By: Melanie Huonker
Updated: February 6, 2013
JOPLIN, MO. --- The bank made more than 17,000 mortgage loans in 2012 totaling a little more than 2.5 billion dollars. That's a 62% increase from 2011.
Arvest also saw a 37% increase in the value of purchase money mortgages compared to 2011.
Loan managers say these numbers are a good sign for the housing market and economy.
"People are working people are refinancing their homes and getting lower rates on their current mortgages and they're purchasing new houses which is fantastic for our community," says Cheryl Roderique, mortgage loan manager.
The Arvest Joplin market saw a 30% increase in mortgage loans last year compared to 2011.
