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Loan data same as this time last year.

Cambridge Realty Capital Companies reports the company processed 37 loan origination requests in May to exactly match the number of requests reviewed during the same month last year.

"But year-to-date request totals remain substantially ahead of 2005 through the first five months of the year," said Cambridge Chairman Jeffrey A. Davis.

Through May of this year, Cambridge reviewed 183 origination requests totaling $1.32 million. During the same period last year, the company reviewed 135 requests totaling $1.07 million.

Davis points out that lenders close a relatively small percentage of the origination requests they receive. But he thinks it's useful to track this information as an indication of current market directions.

"The activity we've observed so far this year indicates borrowers are more aggressively responding to rate hikes triggered by the Fed's tighter monetary policies. This remains a good time for borrowers to lock in long-term rates at current levels," he believes.
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Title Annotation:Cambridge Realty Capital Cos.
Publication:Real Estate Weekly
Article Type:Brief article
Geographic Code:1USA
Date:Jul 19, 2006
Words:153
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