Mortgage lending rose in the state in November.

It also increased in Arizona and Nevada. According to the Federal Home Loan Bank of San Francisco, mortgage lending at savings institutions headquartered in the three states rose to $3.9 billion from $3.6 billion in October. Mortgage loans closed totaled $53.4 billion through the end of November after topping 1983's record volume of $45.5 billion by September. The normal seasonal decrease in lending was reversed in November, apparently due to falling mortgage interest rates, the Federal Home Loan Bank reported.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World