VOL. 127 | NO. 75 | Tuesday, April 17, 2012
March Mortgages Up 19 Percent
By Andy Meek
In terms of mortgage activity, the month of March mirrored the first quarter trend – things are picking up.
Local banks and mortgage lenders made almost 19 percent more mortgages during March 2012 than they did in March 2011, according to data from real estate information company Chandler Reports, www.chandlerreports.com. The number of mortgages rose to 648 in March 2012 from the 546 the same month last year, boosting the total volume from a little more than $81 million to almost $97 million.
The average mortgage amount, though, was essentially unchanged during the two monthly periods. For March 2011, it was $149,218. For March, it was $149,223.