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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 86 313 4,762
MORTGAGES 97 409 6,640
FORECLOSURE NOTICES 34 147 1,475
BUILDING PERMITS 0 705 11,294
BANKRUPTCIES 53 311 4,525
BUSINESS LICENSES 41 177 1,983
UTILITY CONNECTIONS 64 436 6,253
MARRIAGE LICENSES 19 132 1,373

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