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VOL. 128 | NO. 137 | Tuesday, July 16, 2013

June Mortgages Up 8 Percent

By Andy Meek

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June was a healthy month for the mortgage market in Shelby County. Last month saw 810 purchase mortgages made, an 8 percent improvement from 750 mortgages in June 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.

June’s mortgage volume totaled almost $149 million, up from a little more than $129 million in June 2012. And the average mortgage amount between the two June periods rose to $183,773 last month from $172,423 in June 2012.

The top lenders in June were Magna Bank with 90 mortgages, Community Mortgage Corp. with 69 mortgages, BancorpSouth Bank with 47 mortgages and Wells Fargo with 40 mortgages.

– Andy Meek

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 327 11,765
MORTGAGES 76 371 15,350
FORECLOSURE NOTICES 41 112 3,023
BUILDING PERMITS 382 972 28,226
BANKRUPTCIES 65 345 11,307
BUSINESS LICENSES 19 117 4,155
UTILITY CONNECTIONS 184 700 17,184
MARRIAGE LICENSES 20 100 3,564

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