After reviewing more than 650,000 online mortgage applications sent to more than 1,100 lenders last year, Mortgage Marvel found only 15 percent of applications were submitted on weekends. A majority of those submitted on weekdays--60 percent--were submitted between 7 a.m. and 6 p.m., prompting Mortgage Marvel to assume many applicants are applying while at work.
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California mortgage applicants have the highest average credit scores in the nation, according to a state-by-state study conducted by the online mortgage-shopping service Mortgage Marvel. The average credit score in California is 755, a full 20 points higher than the national average. With California's well-publicized issues surrounding declining property values and foreclosures, the firm described the results of its study as ""interesting."" One exec commented, ""Many Californians have clearly figured out how to weather the financial storms.""
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