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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 79 146 10,368
MORTGAGES 95 202 13,529
FORECLOSURE NOTICES 0 24 2,668
BUILDING PERMITS 0 393 24,700
BANKRUPTCIES 60 120 10,012
BUSINESS LICENSES 21 37 3,773
UTILITY CONNECTIONS 99 248 14,805
MARRIAGE LICENSES 0 31 3,198

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