BANGOR Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Bangor averaged
6.81%
for the week of 2024-11-27, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2024-11-21) was
6.94% and
one month ago for the week of 2024-10-24, the
average rate was 6.74%.
Bangor's average rate one year ago was 7.59%.
For refis of the same type during the week of 2024-11-27, the average rate
was 7.41%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-27 | 6.81% |
| Bangor 30 Year Fixed Rate | 2024-11-27 | 6.81% |
| Bangor 30 Year Fixed Rate Refi | 2024-11-27 | 7.41% |
| Bangor 15 Year Fixed Rate | 2024-11-27 | 7.13% |
| Bangor 15 Year Fixed Rate Refi | 2024-11-27 | 6.2% |
| Bangor 30 Year FHA | 2024-11-27 | -0.33% |
| Bangor 30 Year FHA Refi | 2024-11-27 | -0.1% |
| Bangor 30 Year USDA | 2024-11-27 | 0% |
| Bangor 30 Year USDA Refi | 2024-11-27 | 0.1% |
| Bangor 30 Year VA | 2024-11-27 | -0.09% |
| Bangor 30 Year VA Refi | 2024-11-27 | -0.2% |
BANGOR Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the BANGOR, ME market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
BANGOR Average Closing Costs & Other Stats
BANGOR, ME's 84 lenders originated 2,899
loans during 2023. The total origination value was $530,465,000, with an average loan value of
$182,982.
BANGOR's average closing costs are $4,596.
The top BANGOR lender as defined by loan originations is Bangor Savings Bank, with
161 loans originated. Their average total fees are
$3,373, which is $1,381
lower than the next largest lender,
LEADERONE FINANCIAL CORPORATION.
The lowest fee BANGOR lenders (with over 10 loans originated) are
TD Bank ($2,043), Maine Savings Federal Credit Union ($3,360), Bangor Savings Bank ($3,373), Bar Harbor Bank & Trust ($3,584) and MAINE HIGHLANDS FEDERAL CREDIT UNION ($4,115).
The lowest rate BANGOR lenders (with over 10 loans originated) are
Bar Harbor Bank & Trust (6.59%), Bangor Savings Bank (6.60%), The Camden National Bank (6.69%), CMG MORTGAGE, INC. (6.76%) and CUSO MORTGAGE CORPORATION (6.77%).
BANGOR, ME Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Bangor Savings Bank | $127,565,000 | $88,480,000 | -30.6% | 16.7% |
| LEADERONE FINANCIAL CORPORATION | $37,330,000 | $35,700,000 | -4.4% | 6.7% |
| Machias Savings Bank | $31,750,000 | $27,425,000 | -13.6% | 5.2% |
| Maine Savings Federal Credit Union | $27,230,000 | $27,130,000 | -0.4% | 5.1% |
| QUICKEN LOANS, LLC | $39,960,000 | $25,535,000 | -36.1% | 4.8% |
| First National Bank | $41,225,000 | $24,635,000 | -40.2% | 4.6% |
| The Camden National Bank | $43,165,000 | $21,360,000 | -50.5% | 4.0% |
| CMG MORTGAGE, INC. | $20,875,000 | $19,630,000 | -6.0% | 3.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $15,245,000 | $16,125,000 | 5.8% | 3.0% |
| Mortgage Research Center, LLC | $17,350,000 | $13,475,000 | -22.3% | 2.5% |
| Katahdin Trust Company | $18,780,000 | $12,790,000 | -31.9% | 2.4% |
| University Credit Union | $14,430,000 | $10,295,000 | -28.7% | 1.9% |
| GUILD MORTGAGE COMPANY | $21,965,000 | $10,255,000 | -53.3% | 1.9% |
| Acadia Federal Credit Union | $4,285,000 | $8,645,000 | 101.8% | 1.6% |
| TD Bank | $11,835,000 | $7,505,000 | -36.6% | 1.4% |
| KeyBank | $18,220,000 | $7,265,000 | -60.1% | 1.4% |
| LOANDEPOT.COM, LLC | $10,280,000 | $6,460,000 | -37.2% | 1.2% |
| Bar Harbor Bank & Trust | $6,430,000 | $6,300,000 | -2.0% | 1.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $8,450,000 | $6,300,000 | -25.4% | 1.2% |
| LINCOLN MAINE FEDERAL CR UNION | $6,270,000 | n/a | 1.2% | |
| SEBASTICOOK VALLEY Federal Credit Union | $4,745,000 | $5,995,000 | 26.3% | 1.1% |
| USAA Federal Savings Bank | $3,945,000 | $5,800,000 | 47.0% | 1.1% |
| CUSO MORTGAGE CORPORATION | $8,055,000 | $5,680,000 | -29.5% | 1.1% |
| Wells Fargo Bank | $4,580,000 | $5,105,000 | 11.5% | 1.0% |
| TOTAL MORTGAGE SERVICES, LLC | $3,780,000 | $4,880,000 | 29.1% | 0.9% |
| Deere Employees Credit Union | $4,495,000 | $3,990,000 | -11.2% | 0.8% |
| Bangor Federal Credit Union | $5,510,000 | $3,625,000 | -34.2% | 0.7% |
| KATAHDIN FCU | $4,520,000 | $3,495,000 | -22.7% | 0.7% |
| NEWREZ LLC | $2,495,000 | $3,415,000 | 36.9% | 0.6% |
| SEABOARD FEDERAL CREDIT UNION | $4,230,000 | $3,385,000 | -20.0% | 0.6% |
| Skowhegan Savings Bank | $2,455,000 | $3,145,000 | 28.1% | 0.6% |
| EMBRACE HOME LOANS, INC. | $6,635,000 | $2,730,000 | -58.9% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,770,000 | $2,695,000 | -53.3% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $5,970,000 | $2,550,000 | -57.3% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $3,445,000 | $2,480,000 | -28.0% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $5,255,000 | $2,470,000 | -53.0% | 0.5% |
| Kennebec Savings Bank | $2,275,000 | $2,430,000 | 6.8% | 0.5% |
| ATLANTIC REGIONAL FEDERAL CREDIT UNION | $80,000 | $2,375,000 | 2,868.8% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $8,570,000 | $2,285,000 | -73.3% | 0.4% |
| MAINE HIGHLANDS FEDERAL CREDIT UNION | $4,345,000 | $2,275,000 | -47.6% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $5,140,000 | $1,905,000 | -62.9% | 0.4% |
| BROKER SOLUTIONS, INC. | $2,210,000 | $1,875,000 | -15.2% | 0.4% |
| Bank of America | $985,000 | $1,770,000 | 79.7% | 0.3% |
| JPMorgan Chase Bank | $2,990,000 | $1,735,000 | -42.0% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,010,000 | $1,725,000 | 70.8% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $145,000 | $1,685,000 | 1,062.1% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $4,445,000 | $1,560,000 | -64.9% | 0.3% |
| The Federal Savings Bank | $1,250,000 | $1,530,000 | 22.4% | 0.3% |
| NORTHERN MORTGAGE SERVICES, LLC | $2,955,000 | $1,470,000 | -50.3% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,800,000 | $1,425,000 | -20.8% | 0.3% |
| CALIBER HOME LOANS, INC. | $4,275,000 | $1,370,000 | -68.0% | 0.3% |
| T2 FINANCIAL LLC | $1,315,000 | n/a | 0.2% | |
| ACADEMY MORTGAGE CORPORATION | $1,990,000 | $1,225,000 | -38.4% | 0.2% |
| U.S. Bank | $990,000 | $1,175,000 | 18.7% | 0.2% |
| AMERICAN FINANCING CORPORATION | $1,945,000 | $1,165,000 | -40.1% | 0.2% |
| RADIUS FINANCIAL GROUP INC. | $1,150,000 | n/a | 0.2% | |
| Discover Bank | $800,000 | $1,065,000 | 33.1% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $1,015,000 | n/a | 0.2% | |
| Century Mortgage Company DBA Century Lending Company | $970,000 | n/a | 0.2% | |
| BMO Harris Bank | $960,000 | n/a | 0.2% | |
| PNC Bank | $490,000 | $955,000 | 94.9% | 0.2% |
| Ally Bank | $1,185,000 | $845,000 | -28.7% | 0.2% |
| Maine Community Bank | $775,000 | n/a | 0.1% | |
| Mascoma Bank | $775,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $590,000 | $765,000 | 29.7% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $750,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $185,000 | $735,000 | 297.3% | 0.1% |
| HARBORONE MORTGAGE, LLC | $715,000 | n/a | 0.1% | |
| POLARIS HOME FUNDING CORP. | $715,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $595,000 | $655,000 | 10.1% | 0.1% |
| Coastal Community Bank | $640,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $625,000 | n/a | 0.1% | |
| Androscoggin Savings Bank | $605,000 | $615,000 | 1.7% | 0.1% |
| First Federal Savings and Loan Association of Bath | $45,000 | $615,000 | 1,266.7% | 0.1% |
| AMWEST FUNDING CORP. | $600,000 | n/a | 0.1% | |
| DAS Acquisition Company, LLC | $555,000 | $570,000 | 2.7% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $555,000 | n/a | 0.1% | |
| Plains Commerce Bank | $545,000 | n/a | 0.1% | |
| Quontic Bank | $205,000 | $545,000 | 165.9% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $680,000 | $540,000 | -20.6% | 0.1% |
| Norway Savings Bank | $765,000 | $530,000 | -30.7% | 0.1% |
| The Central Trust Bank | $520,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $1,500,000 | $515,000 | -65.7% | 0.1% |
| M&T Bank | $830,000 | $510,000 | -38.6% | 0.1% |
| Citizens Bank | $2,010,000 | $490,000 | -75.6% | 0.1% |
| ENVOY MORTGAGE, LTD | $485,000 | $490,000 | 1.0% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $1,005,000 | $485,000 | -51.7% | 0.1% |
| Evolve Bank & Trust | $480,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $340,000 | $455,000 | 33.8% | 0.1% |
| MEGASTAR FINANCIAL CORP. | $195,000 | $455,000 | 133.3% | 0.1% |
| TOWN & COUNTRY FEDERAL CREDIT UNION | $75,000 | $455,000 | 506.7% | 0.1% |
| Home Loan Investment Bank, F.S.B. | $450,000 | n/a | 0.1% | |
| OCMBC, INC. | $155,000 | $430,000 | 177.4% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $175,000 | $425,000 | 142.9% | 0.1% |
| NORTHEAST HOME LOAN, LLC | $900,000 | $420,000 | -53.3% | 0.1% |
| Heritage Bank | $415,000 | n/a | 0.1% | |
| Community First National Bank | $345,000 | $395,000 | 14.5% | 0.1% |
| Equity Prime Mortgage LLC | $215,000 | $370,000 | 72.1% | 0.1% |
| 21ST MORTGAGE CORPORATION | $135,000 | $340,000 | 151.9% | 0.1% |
| First Savings Bank | $335,000 | n/a | 0.1% | |
| NORTHPOINT MORTGAGE, INC. | $710,000 | $335,000 | -52.8% | 0.1% |
| Bank of Whittier | $325,000 | n/a | 0.1% | |
| A&D Mortgage LLC | $310,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $135,000 | $305,000 | 125.9% | 0.1% |
| Bath Savings Institution | $205,000 | $300,000 | 46.3% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,960,000 | $295,000 | -84.9% | 0.1% |
| Down East Credit Union | $875,000 | $290,000 | -66.9% | 0.1% |
| GUARANTEED RATE, INC. | $345,000 | $275,000 | -20.3% | 0.1% |
| SPRING EQ, LLC | $415,000 | $275,000 | -33.7% | 0.1% |
| INTEGRITY MORTGAGE LLC | $460,000 | $265,000 | -42.4% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $1,010,000 | $255,000 | -74.8% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $500,000 | $255,000 | -49.0% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $165,000 | $230,000 | 39.4% | 0.0% |
| CARDINAL FINANCIAL | $1,440,000 | $225,000 | -84.4% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $225,000 | n/a | 0.0% | |
| Shamrock Home Loans, Inc. | $225,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $210,000 | n/a | 0.0% | |
| Leader Bank | $205,000 | n/a | 0.0% | |
| Wyndham Capital Mortgage, Inc. | $75,000 | $205,000 | 173.3% | 0.0% |
| Figure Lending LLC | $360,000 | $200,000 | -44.4% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $195,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $195,000 | n/a | 0.0% | |
| Service Federal Credit Union | $185,000 | n/a | 0.0% | |
| First IC Corporation | $175,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $105,000 | $165,000 | 57.1% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $165,000 | n/a | 0.0% | |
| United States Senate Federal Credit Union | $55,000 | $145,000 | 163.6% | 0.0% |
| SIS BANCORP, MHC | $455,000 | $135,000 | -70.3% | 0.0% |
| MORTGAGE MARKETS CUSO, LLC | $125,000 | n/a | 0.0% | |
| Nations Lending Corporation | $340,000 | $125,000 | -63.2% | 0.0% |
| EMM LOANS LLC | $155,000 | $105,000 | -32.3% | 0.0% |
| American Airlines Federal Credit Union | $225,000 | $65,000 | -71.1% | 0.0% |
| DIGITAL Federal Credit Union | $65,000 | $55,000 | -15.4% | 0.0% |
| WESTERLY COMMUNITY | $55,000 | n/a | 0.0% | |
| GREENWOOD | $35,000 | n/a | 0.0% | |
| HANSCOM | $35,000 | n/a | 0.0% | |
| CUMBERLAND COUNTY | $65,000 | $25,000 | -61.5% | 0.0% |
| Centier Bank | $15,000 | n/a | 0.0% |
BANGOR's top lender by overall market share is Bangor Savings Bank, with 16.7% market share. In second place, with 6.7%, is LEADERONE FINANCIAL CORPORATION, having originated $35,700,000 in loans. In third place, with 5.2%, is Machias Savings Bank, having originated $27,425,000 in loans. In fourth place, with 5.1%, is Maine Savings Federal Credit Union, having originated $27,130,000 in loans. In fifth place, with 4.8%, is QUICKEN LOANS, LLC, having originated $25,535,000 in loans.
BANGOR Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - BANGOR (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $148,000 (-0.7%) | $181,180 (-3.2%) | 0.55 | 789 |
| 2018-02-01 | $144,850 (-3.3%) | $182,807 (-2.9%) | 0.53 | 723 |
| 2018-03-01 | $149,250 (-1.8%) | $188,936 (-1.2%) | 0.52 | 712 |
| 2018-04-01 | $149,900 (-5.7%) | $191,298 (-2.3%) | 0.51 | 727 |
| 2018-05-01 | $159,000 (-0.6%) | $197,646 (2.2%) | 0.53 | 761 |
| 2018-06-01 | $164,000 (2.6%) | $202,033 (4.5%) | 0.55 | 816 |
| 2018-07-01 | $169,000 (6.3%) | $208,976 (10.1%) | 0.56 | 903 |
| 2018-08-01 | $166,722 (9.3%) | $205,057 (9.0%) | 0.56 | 913 |
| 2018-09-01 | $168,000 (8.5%) | $198,264 (3.5%) | 0.56 | 883 |
| 2018-10-01 | $159,900 (3.2%) | $191,212 (-0.7%) | 0.54 | 892 |
| 2018-11-01 | $159,900 (6.7%) | $190,366 (0.3%) | 0.54 | 848 |
| 2018-12-01 | $157,500 (5.4%) | $185,087 (-1.0%) | 0.54 | 773 |
| 2019-01-01 | $154,900 (4.7%) | $182,611 (0.8%) | 0.54 | 712 |
| 2019-02-01 | $159,450 (10.1%) | $188,379 (3.1%) | 0.54 | 686 |
| 2019-03-01 | $162,043 (8.6%) | $194,815 (3.1%) | 0.53 | 653 |
| 2019-04-01 | $165,575 (10.5%) | $199,614 (4.4%) | 0.53 | 628 |
| 2019-05-01 | $165,000 (3.8%) | $203,114 (2.8%) | 0.52 | 680 |
| 2019-06-01 | $169,000 (3.1%) | $207,206 (2.6%) | 0.53 | 751 |
| 2019-07-01 | $169,900 (0.5%) | $207,426 (-0.7%) | 0.53 | 815 |
| 2019-08-01 | $169,900 (1.9%) | $206,617 (0.8%) | 0.54 | 812 |
| 2019-09-01 | $169,900 (1.1%) | $209,651 (5.7%) | 0.54 | 766 |
| 2019-10-01 | $169,900 (6.3%) | $212,039 (10.9%) | 0.55 | 731 |
| 2019-11-01 | $169,900 (6.3%) | $208,443 (9.5%) | 0.56 | 682 |
| 2019-12-01 | $165,000 (4.8%) | $207,664 (12.2%) | 0.55 | 624 |
| 2020-01-01 | $165,000 (6.5%) | $209,794 (14.9%) | 0.55 | 565 |
| 2020-02-01 | $165,000 (3.5%) | $209,883 (11.4%) | 0.54 | 541 |
| 2020-03-01 | $166,475 (2.7%) | $212,764 (9.2%) | 0.52 | 527 |
| 2020-04-01 | $165,600 (0.0%) | $205,152 (2.8%) | 0.52 | 512 |
| 2020-05-01 | $179,900 (9.0%) | $215,016 (5.9%) | 0.55 | 480 |
| 2020-06-01 | $177,425 (5.0%) | $217,170 (4.8%) | 0.52 | 451 |
| 2020-07-01 | $192,000 (13.0%) | $226,109 (9.0%) | 0.56 | 436 |
| 2020-08-01 | $184,450 (8.6%) | $223,009 (7.9%) | 0.53 | 396 |
| 2020-09-01 | $182,700 (7.5%) | $219,146 (4.5%) | 0.52 | 396 |
| 2020-10-01 | $174,950 (3.0%) | $217,465 (2.6%) | 0.50 | 371 |
| 2020-11-01 | $179,900 (5.9%) | $225,636 (8.3%) | 0.53 | 360 |
| 2020-12-01 | $189,225 (14.7%) | $232,910 (12.2%) | 0.56 | 325 |
| 2021-01-01 | $185,250 (12.3%) | $235,518 (12.3%) | 0.55 | 269 |
| 2021-02-01 | $204,000 (23.6%) | $245,362 (16.9%) | 0.59 | 206 |
| 2021-03-01 | $217,175 (30.5%) | $255,297 (20.0%) | 0.62 | 185 |
| 2021-04-01 | $219,250 (32.4%) | $263,925 (28.7%) | 0.59 | 185 |
| 2021-05-01 | $229,000 (27.3%) | $269,771 (25.5%) | 0.61 | 225 |
| 2021-06-01 | $238,700 (34.5%) | $280,498 (29.2%) | 0.63 | 275 |
| 2021-07-01 | $234,900 (22.3%) | $286,166 (26.6%) | 0.62 | 320 |
| 2021-08-01 | $227,450 (23.3%) | $273,909 (22.8%) | 0.61 | 377 |
| 2021-09-01 | $229,900 (25.8%) | $273,210 (24.7%) | 0.61 | 377 |
| 2021-10-01 | $219,900 (25.7%) | $263,683 (21.3%) | 0.59 | 332 |
| 2021-11-01 | $219,000 (21.7%) | $266,541 (18.1%) | 0.59 | 309 |
| 2021-12-01 | $199,975 (5.7%) | $265,428 (14.0%) | 0.54 | 259 |
| 2022-01-01 | $199,500 (7.7%) | $278,439 (18.2%) | 0.54 | 185 |
| 2022-02-01 | $199,975 (-2.0%) | $282,487 (15.1%) | 0.52 | 175 |
| 2022-03-01 | $224,950 (3.6%) | $281,311 (10.2%) | 0.56 | 179 |
| 2022-04-01 | $239,450 (9.2%) | $273,186 (3.5%) | 0.57 | 181 |
| 2022-05-01 | $245,500 (7.2%) | $276,661 (2.6%) | 0.56 | 225 |
| 2022-06-01 | $249,500 (4.5%) | $298,761 (6.5%) | 0.56 | 306 |
| 2022-07-01 | $248,700 (5.9%) | $319,201 (11.5%) | 0.56 | 339 |
| 2022-08-01 | $234,950 (3.3%) | $312,661 (14.2%) | 0.54 | 357 |
| 2022-09-01 | $244,450 (6.3%) | $321,540 (17.7%) | 0.57 | 336 |
| 2022-10-01 | $249,000 (13.2%) | $314,750 (19.4%) | 0.59 | 327 |
| 2022-11-01 | $242,250 (10.6%) | $303,641 (13.9%) | 0.58 | 305 |
| 2022-12-01 | $232,450 (16.2%) | $300,355 (13.2%) | 0.57 | 258 |
| 2023-01-01 | $229,900 (15.2%) | $302,589 (8.7%) | 0.57 | 223 |
| 2023-02-01 | $243,350 (21.7%) | $316,042 (11.9%) | 0.59 | 199 |
| 2023-03-01 | $249,500 (10.9%) | $324,152 (15.2%) | 0.59 | 177 |
| 2023-04-01 | $265,000 (10.7%) | $341,580 (25.0%) | 0.62 | 167 |
| 2023-05-01 | $275,750 (12.3%) | $345,852 (25.0%) | 0.63 | 182 |
| 2023-06-01 | $287,000 (15.0%) | $339,285 (13.6%) | 0.64 | 223 |
| 2023-07-01 | $299,000 (20.2%) | $378,308 (18.5%) | 0.68 | 273 |
| 2023-08-01 | $297,000 (26.4%) | $377,006 (20.6%) | 0.68 | 294 |
| 2023-09-01 | $285,000 (16.6%) | $365,000 (13.5%) | 0.66 | 305 |
| 2023-10-01 | $289,925 (16.4%) | $365,269 (16.1%) | 0.68 | 308 |
| 2023-11-01 | $293,950 (21.3%) | $352,808 (16.2%) | 0.70 | 314 |
| 2023-12-01 | $274,950 (18.3%) | $343,521 (14.4%) | 0.67 | 307 |
| 2024-01-01 | $278,500 (21.1%) | $340,811 (12.6%) | 0.68 | 271 |
| 2024-02-01 | $279,725 (15.0%) | $353,584 (11.9%) | 0.67 | 219 |
| 2024-03-01 | $289,561 (16.1%) | $360,059 (11.1%) | 0.68 | 233 |
| 2024-04-01 | $297,500 (12.3%) | $364,511 (6.7%) | 0.69 | 264 |
| 2024-05-01 | $298,000 (8.1%) | $367,725 (6.3%) | 0.67 | 293 |
| 2024-06-01 | $299,900 (4.5%) | $369,240 (8.8%) | 0.67 | 360 |
| 2024-07-01 | $306,225 (2.4%) | $345,141 (-8.8%) | 0.70 | 393 |
| 2024-08-01 | $299,900 (1.0%) | $355,453 (-5.7%) | 0.70 | 426 |
| 2024-09-01 | $299,000 (4.9%) | $349,152 (-4.3%) | 0.70 | 459 |
| 2024-10-01 | $299,056 (3.2%) | $342,470 (-6.2%) | 0.70 | 473 |
BANGOR's median listing price comes in at 70% of the national average.
BANGOR's average listing price for 2024-10-01 was $342,470, a difference of $-22,799 (-6.2%) versus the prior year and $-6,682 versus the prior month.
For the 2024-10-01 period, BANGOR had 473 MLS listings, a difference of 14 listings (3%) versus the prior month and 165 listings (54%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - BANGOR (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 137 days | 1,587 sqft |
| 2018-02-01 | 147 days | 1,587 sqft |
| 2018-03-01 | 144 days | 1,586 sqft |
| 2018-04-01 | 129 days | 1,580 sqft |
| 2018-05-01 | 76 days | 1,600 sqft |
| 2018-06-01 | 59 days | 1,604 sqft |
| 2018-07-01 | 63 days | 1,637 sqft |
| 2018-08-01 | 69 days | 1,626 sqft |
| 2018-09-01 | 78 days | 1,624 sqft |
| 2018-10-01 | 84 days | 1,600 sqft |
| 2018-11-01 | 89 days | 1,600 sqft |
| 2018-12-01 | 105 days | 1,600 sqft |
| 2019-01-01 | 116 days | 1,586 sqft |
| 2019-02-01 | 124 days | 1,600 sqft |
| 2019-03-01 | 118 days | 1,613 sqft |
| 2019-04-01 | 98 days | 1,628 sqft |
| 2019-05-01 | 65 days | 1,623 sqft |
| 2019-06-01 | 50 days | 1,627 sqft |
| 2019-07-01 | 57 days | 1,600 sqft |
| 2019-08-01 | 65 days | 1,600 sqft |
| 2019-09-01 | 75 days | 1,600 sqft |
| 2019-10-01 | 85 days | 1,600 sqft |
| 2019-11-01 | 95 days | 1,624 sqft |
| 2019-12-01 | 99 days | 1,632 sqft |
| 2020-01-01 | 110 days | 1,600 sqft |
| 2020-02-01 | 110 days | 1,600 sqft |
| 2020-03-01 | 114 days | 1,593 sqft |
| 2020-04-01 | 109 days | 1,591 sqft |
| 2020-05-01 | 88 days | 1,627 sqft |
| 2020-06-01 | 66 days | 1,623 sqft |
| 2020-07-01 | 51 days | 1,658 sqft |
| 2020-08-01 | 52 days | 1,619 sqft |
| 2020-09-01 | 48 days | 1,600 sqft |
| 2020-10-01 | 46 days | 1,600 sqft |
| 2020-11-01 | 52 days | 1,594 sqft |
| 2020-12-01 | 61 days | 1,609 sqft |
| 2021-01-01 | 80 days | 1,600 sqft |
| 2021-02-01 | 86 days | 1,582 sqft |
| 2021-03-01 | 68 days | 1,600 sqft |
| 2021-04-01 | 36 days | 1,690 sqft |
| 2021-05-01 | 26 days | 1,672 sqft |
| 2021-06-01 | 25 days | 1,615 sqft |
| 2021-07-01 | 32 days | 1,616 sqft |
| 2021-08-01 | 36 days | 1,615 sqft |
| 2021-09-01 | 46 days | 1,645 sqft |
| 2021-10-01 | 57 days | 1,666 sqft |
| 2021-11-01 | 71 days | 1,673 sqft |
| 2021-12-01 | 78 days | 1,556 sqft |
| 2022-01-01 | 96 days | 1,560 sqft |
| 2022-02-01 | 106 days | 1,507 sqft |
| 2022-03-01 | 60 days | 1,500 sqft |
| 2022-04-01 | 40 days | 1,554 sqft |
| 2022-05-01 | 26 days | 1,562 sqft |
| 2022-06-01 | 24 days | 1,554 sqft |
| 2022-07-01 | 33 days | 1,579 sqft |
| 2022-08-01 | 41 days | 1,540 sqft |
| 2022-09-01 | 50 days | 1,645 sqft |
| 2022-10-01 | 58 days | 1,686 sqft |
| 2022-11-01 | 63 days | 1,583 sqft |
| 2022-12-01 | 85 days | 1,510 sqft |
| 2023-01-01 | 104 days | 1,544 sqft |
| 2023-02-01 | 115 days | 1,581 sqft |
| 2023-03-01 | 109 days | 1,622 sqft |
| 2023-04-01 | 36 days | 1,680 sqft |
| 2023-05-01 | 29 days | 1,618 sqft |
| 2023-06-01 | 28 days | 1,623 sqft |
| 2023-07-01 | 31 days | 1,614 sqft |
| 2023-08-01 | 38 days | 1,633 sqft |
| 2023-09-01 | 41 days | 1,605 sqft |
| 2023-10-01 | 43 days | 1,613 sqft |
| 2023-11-01 | 47 days | 1,600 sqft |
| 2023-12-01 | 65 days | 1,598 sqft |
| 2024-01-01 | 87 days | 1,589 sqft |
| 2024-02-01 | 106 days | 1,593 sqft |
| 2024-03-01 | 70 days | 1,525 sqft |
| 2024-04-01 | 47 days | 1,612 sqft |
| 2024-05-01 | 45 days | 1,641 sqft |
| 2024-06-01 | 41 days | 1,632 sqft |
| 2024-07-01 | 47 days | 1,642 sqft |
| 2024-08-01 | 51 days | 1,666 sqft |
| 2024-09-01 | 51 days | 1,640 sqft |
| 2024-10-01 | 58 days | 1,632 sqft |
BANGOR's median square footage for active listings during the 2024-10-01 period was 1,632 sqft. One year prior, the average listing was 1,613 sqft.
BANGOR, ME Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,526 | $369,990,000 | $242,457 |
| Home Improvement | 440 | $37,700,000 | $85,682 |
| Cash Out Refi | 361 | $58,385,000 | $161,731 |
| Other | 303 | $26,495,000 | $87,442 |
| Refi | 269 | $37,895,000 | $140,874 |
Bangor's most frequently cited loan purpose was Home Purchase, with 1,526 originations. The 2nd most popular reason was Home Improvement, with 440 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 935 | $162,085,000 | $173,353 |
| 6-7% | 753 | $175,935,000 | $233,645 |
| Over 8% | 524 | $56,750,000 | $108,302 |
| 5-6% | 338 | $77,210,000 | $228,432 |
| 4-5% | 33 | $9,545,000 | $289,242 |
| 3-4% | 2 | $170,000 | $85,000 |
During 2023, Bangor's most frequently originated rate bucket was 7-8%, with 935 originations.
Loan Sizing (BANGOR, ME MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 930 | $51,940,000 | $55,849 |
| $200k-400k | 901 | $242,165,000 | $268,774 |
| $100k-200k | 900 | $133,310,000 | $148,122 |
| $400k-600k | 130 | $61,100,000 | $470,000 |
| $600k-1000k | 23 | $15,755,000 | $685,000 |
| $Over $1MM | 15 | $26,195,000 | $1,746,333 |
BANGOR's loan sizing saw the bucket of loans from $100,000 or less with 930 originations, totaling $51,940,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 961 | $240,955,000 | $250,734 |
| 60-80% | 582 | $135,830,000 | $233,385 |
| 20-40% | 424 | $37,840,000 | $89,245 |
| Under 20% | 323 | $15,565,000 | $48,189 |
| 40-60% | 247 | $36,595,000 | $148,158 |
| Over 100% | 39 | $12,165,000 | $311,923 |
BANGOR's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 961 originations, totaling $240,955,000 in origination value.