finance their purchases in the third quarter, topping the second-quarter average of $124,507, a real estate information service reported. A total of 14,252 home loans were made in the July-September quarter, up 13.0% from 12,613 in the previous quarter, according to DataQuick Information Systems, La Jolla, Calif. In Nevada, homebuyers borrowed an average of $114,452 in the period, up from $109,711. The average loan in Arizona was $95,293, up from $91,719. Talking about the Nevada market, Donald L. Cohyn, chief executive of DataQuick, said, "While sales levels are down from last year's flurry of activity, they're up from earlier this year and prices are stable. Lending institutions like that." Mr. Cohn also said the Arizona market was much more stable than was the case in other states. Mortgage sizes fluctuate in accordance with home prices, down payment sizes and whether or not the mortgage is an adjustable-rate or fixed-rate loan.
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