Monday, August 27, 2007

Loan Activity for July

Well, I thought this might be an interesting piece
of news. I've put together the charts for Santa Barbara, Santa Maria and the Lompoc areas regarding the residential loan activity in July. The information wasn't as revealing as I thought it might be. The refinance volume is still slipping in each area with Santa Maria leading the charge. Santa Barbara and Santa Maria were down a little less than 50 refinance transactions in July. Unfortunately for Santa Maria that is a larger percentage drop for them. Lompoc was down about 10 transactions from the previous month. The residential resale transactions in Santa Barbara and Lompoc were about even with last month while the Santa Maria areas number of transactions slipped. All the average loan amounts appear to be heading down from previous months. This information probably isn't anything that anyone is surprised to hear, but the charts give you a good idea of exactly what is happening in the residential loan business month by month. Remember, you can click on them to enlarge them and print them.

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