The number of purchase money loans have tanked in this area. The refi business is a challange because most people have already borrowed as much as their home is worth. Had a call today wanting to know how much homes have increased in my area in the last six months. When I told the caller that home value is flat to declining the phone was silent for a while and then the caller hung up. I am sure he will keep calling to find someone that will tell him what he wants to hear.
Dann Cann