Skip to content

October 10, 2012

Mortgage application activity remains at elevated volume for October 5 week

by Central Coast Lending

The busy pace of mortgage activity sustained itself after applications rose an astonishing 16.6 percent during the September 28 week. During the October 5 week, purchase activity rose another 2.0 percent, and is now up 6 percent over the previous two weeks to reach the largest volume since June. Refinance activity fell 2.0 percent, but after a jump of 20 percent the previous week, remains at an elevated volume that is near a three-year high. Overall numbers showed a weekly 1.2 percent drop in applications.

Central Coast Lending is a California mortgage brokerage based in San Luis Obispo County. With offices in San Luis Obispo, Morro Bay, Paso Robles, and Arroyo Grande, Central Coast Lending is the top source for Central Coast mortgage, real estate, and home loan needs. To see why using a broker offers lower rates and superior service, click HERE. For a free, hassle-free online pre-qualification click HERE or call 805.543.LOAN to talk to one of our expert loan officers.

We will delete comments containing inappropriate links, obscenities, hate speech, and personal attacks. For a list of forum rules, click HERE.

Leave a comment