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VOL. 127 | NO. 138 | Tuesday, July 17, 2012

June Mortgages Up 7 Pct.

By Andy Meek

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Local banks and mortgage lenders made 7 percent more mortgages during June 2012 than they did in June 2011, according to data from real estate information company Chandler Reports, www.chandlerreports.com.

The number of mortgages rose to 750 in June 2012 from the 698 the same month last year. That bumped up the total monthly volume from a little more than $105 million in June 2011 to almost $127 million in June 2012.

The average mortgage amount also rose a little over the two monthly periods. For June 2011, it was $150,900. For June 2012, it was $169,225.

Chandler Reports is a division of The Daily News Publishing Co. Inc.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 0 48 8,352
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 72 194 13,298
BUSINESS LICENSES 25 48 6,185
UTILITY CONNECTIONS 0 85 13,080
MARRIAGE LICENSES 15 73 4,915

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