I just received my copy of Mortgage Banking Magazine for July and happened to notice that compared to the rest of the country, Maricopa County mortgage activity appears to be alive and well!
Maricopa County was #1in the nation for purchase money mortgages for Q1, 2008 with 12,937 loans funded.
On the refinancing side, Maricopa County was ranked #3 nationwide with 30,924 loans funded and Pima county broke into the top 25 with 7,306 loans funded.
If you are in the mortgage business and times seem to be slow, it is time to increase your “finding” activities. The market isn’t dead — in fact we are doing better in terms of volume than majority of the country.