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Boston Herald

Mortgage activity heating up in New England

March 28, 2013

Mortgage activity in New England last year reached its highest level in five years, according to new data from the Warren Group?s Mortgage MarketShare Module.

While the Bay State, Connecticut and Rhode Island all recorded strong activity in 2012, mortgage activity was the strongest in Massachusetts, the industry tracker said today.

Total residential mortgage activity statewide rose nearly 38 percent to 332,582 last year. Purchase mortgages spiked more than 25 percent to 57,324. Nonpurchase, or refinance, mortgages rose nearly 41 percent to 275,258.

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