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VOL. 128 | NO. 74 | Tuesday, April 16, 2013

March Mortgages Drop 8 Percent

By Andy Meek

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From March 2012 to March 2013, the number of mortgages made in Shelby County dropped 8 percent – from 649 to 597.

March 2013 mortgage volume totaled a little more than $100 million, though, up from a little more than $97 million in March 2012.

The average mortgage amount between the two March periods rose from $149,915 in March 2012 to $167,716 in March 2013.

The top lenders in March 2013 were Community Mortgage Corp. with 69 mortgages, Magna Bank with 54 mortgages, Patriot Bank with 30 mortgages and Wells Fargo with 28 mortgages.

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 68 68 2,786
MORTGAGES 63 63 3,496
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 169 169 6,591
BANKRUPTCIES 56 56 2,238
BUSINESS LICENSES 36 36 1,085
UTILITY CONNECTIONS 75 75 2,383
MARRIAGE LICENSES 27 27 581

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