GARY Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Gary averaged
6.76%
for the week of 2024-01-11, compared to the national average of
6.66% for the same period.
The average rate for the prior week (2024-01-04) was
6.72% and
one month ago for the week of 2023-12-07, the
average rate was 7.23%.
Gary's average rate one year ago was 6.48%.
For refis of the same type during the week of 2024-01-11, the average rate
was 7.26%.
Loan Type |
Date |
Rate |
US 30 Year Fixed Rate |
2024-01-11 |
6.66% |
Gary 30 Year Fixed Rate |
2024-01-11 |
6.76% |
Gary 30 Year Fixed Rate Refi |
2024-01-11 |
7.26% |
Gary 15 Year Fixed Rate |
2024-01-11 |
5.97% |
Gary 15 Year Fixed Rate Refi |
2024-01-11 |
6.07% |
Gary 30 Year FHA |
2024-01-11 |
6.48% |
Gary 30 Year FHA Refi |
2024-01-11 |
6.58% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within GARY, IN.
GARY 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 GARY, IN 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.).
Name |
# of Loans |
2022 Avg. 30yFix Rate |
2022 Avg. Closing Costs |
GARY, IN 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 |
2021 Loan Value |
2022 Loan Value |
% Change |
2022 Market Share |
GARY Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - GARY (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 |
$288,700 (6.0%) |
$452,383 (4.3%) |
1.07 |
27,019 |
2018-02-01 |
$304,500 (6.1%) |
$471,391 (4.0%) |
1.11 |
27,524 |
2018-03-01 |
$325,000 (8.4%) |
$490,665 (4.9%) |
1.14 |
29,305 |
2018-04-01 |
$334,900 (7.3%) |
$494,784 (4.0%) |
1.14 |
31,116 |
2018-05-01 |
$335,000 (4.7%) |
$492,310 (3.1%) |
1.12 |
33,181 |
2018-06-01 |
$333,995 (4.4%) |
$484,353 (2.0%) |
1.11 |
35,804 |
2018-07-01 |
$327,000 (2.9%) |
$473,493 (0.9%) |
1.09 |
37,861 |
2018-08-01 |
$319,900 (4.0%) |
$462,080 (1.0%) |
1.07 |
38,940 |
2018-09-01 |
$317,000 (5.7%) |
$455,351 (0.7%) |
1.07 |
39,632 |
2018-10-01 |
$311,450 (3.8%) |
$450,508 (-0.8%) |
1.05 |
39,338 |
2018-11-01 |
$302,000 (1.7%) |
$447,115 (-0.8%) |
1.02 |
37,020 |
2018-12-01 |
$296,800 (2.4%) |
$439,267 (-1.2%) |
1.02 |
32,323 |
2019-01-01 |
$296,950 (2.9%) |
$442,512 (-2.2%) |
1.03 |
29,476 |
2019-02-01 |
$312,300 (2.6%) |
$464,280 (-1.5%) |
1.06 |
29,819 |
2019-03-01 |
$327,571 (0.8%) |
$478,409 (-2.5%) |
1.07 |
31,822 |
2019-04-01 |
$339,250 (1.3%) |
$486,062 (-1.8%) |
1.08 |
33,869 |
2019-05-01 |
$339,900 (1.5%) |
$482,549 (-2.0%) |
1.06 |
36,233 |
2019-06-01 |
$338,450 (1.3%) |
$477,556 (-1.4%) |
1.06 |
38,296 |
2019-07-01 |
$331,450 (1.4%) |
$470,225 (-0.7%) |
1.04 |
39,706 |
2019-08-01 |
$325,155 (1.6%) |
$461,269 (-0.2%) |
1.03 |
40,121 |
2019-09-01 |
$319,386 (0.8%) |
$454,640 (-0.2%) |
1.02 |
40,035 |
2019-10-01 |
$314,945 (1.1%) |
$449,934 (-0.1%) |
1.02 |
39,757 |
2019-11-01 |
$307,000 (1.7%) |
$444,269 (-0.6%) |
1.01 |
36,266 |
2019-12-01 |
$299,400 (0.9%) |
$440,640 (0.3%) |
1.00 |
31,134 |
2020-01-01 |
$299,450 (0.8%) |
$443,885 (0.3%) |
1.00 |
28,367 |
2020-02-01 |
$319,000 (2.2%) |
$466,478 (0.5%) |
1.04 |
28,915 |
2020-03-01 |
$326,600 (-0.3%) |
$475,577 (-0.6%) |
1.02 |
29,489 |
2020-04-01 |
$324,900 (-4.2%) |
$465,817 (-4.2%) |
1.02 |
28,033 |
2020-05-01 |
$329,900 (-2.9%) |
$477,811 (-1.0%) |
1.00 |
28,100 |
2020-06-01 |
$339,000 (0.2%) |
$489,639 (2.5%) |
1.00 |
28,012 |
2020-07-01 |
$344,000 (3.8%) |
$497,449 (5.8%) |
1.00 |
27,048 |
2020-08-01 |
$346,350 (6.5%) |
$502,586 (9.0%) |
0.99 |
26,677 |
2020-09-01 |
$347,000 (8.7%) |
$505,515 (11.2%) |
0.99 |
26,852 |
2020-10-01 |
$340,000 (8.0%) |
$500,832 (11.3%) |
0.97 |
26,905 |
2020-11-01 |
$334,500 (9.0%) |
$498,111 (12.1%) |
0.98 |
24,410 |
2020-12-01 |
$325,000 (8.6%) |
$495,349 (12.4%) |
0.97 |
20,674 |
2021-01-01 |
$325,000 (8.5%) |
$505,460 (13.9%) |
0.97 |
17,802 |
2021-02-01 |
$339,996 (6.6%) |
$544,078 (16.6%) |
0.99 |
15,858 |
2021-03-01 |
$349,900 (7.1%) |
$552,140 (16.1%) |
0.99 |
15,575 |
2021-04-01 |
$349,950 (7.7%) |
$552,512 (18.6%) |
0.95 |
16,203 |
2021-05-01 |
$350,000 (6.1%) |
$549,011 (14.9%) |
0.93 |
17,076 |
2021-06-01 |
$350,000 (3.2%) |
$537,537 (9.8%) |
0.92 |
19,235 |
2021-07-01 |
$349,900 (1.7%) |
$521,801 (4.9%) |
0.92 |
21,318 |
2021-08-01 |
$339,495 (-2.0%) |
$500,345 (-0.5%) |
0.91 |
22,220 |
2021-09-01 |
$330,000 (-4.9%) |
$491,062 (-2.9%) |
0.88 |
22,146 |
2021-10-01 |
$329,000 (-3.2%) |
$487,616 (-2.6%) |
0.88 |
21,488 |
2021-11-01 |
$322,400 (-3.6%) |
$485,726 (-2.5%) |
0.86 |
18,713 |
2021-12-01 |
$312,500 (-3.9%) |
$480,200 (-3.1%) |
0.85 |
15,356 |
2022-01-01 |
$314,600 (-3.2%) |
$492,446 (-2.6%) |
0.85 |
12,565 |
2022-02-01 |
$324,500 (-4.6%) |
$517,342 (-4.9%) |
0.84 |
11,458 |
2022-03-01 |
$332,500 (-5.0%) |
$526,309 (-4.7%) |
0.83 |
11,868 |
2022-04-01 |
$349,900 (0.0%) |
$534,868 (-3.2%) |
0.83 |
12,067 |
2022-05-01 |
$355,375 (1.5%) |
$538,395 (-1.9%) |
0.81 |
14,480 |
2022-06-01 |
$359,950 (2.8%) |
$532,521 (-0.9%) |
0.80 |
16,656 |
2022-07-01 |
$350,000 (0.0%) |
$515,494 (-1.2%) |
0.79 |
19,291 |
2022-08-01 |
$349,875 (3.1%) |
$509,289 (1.8%) |
0.81 |
19,478 |
2022-09-01 |
$340,000 (3.0%) |
$503,762 (2.6%) |
0.79 |
19,384 |
2022-10-01 |
$339,900 (3.3%) |
$499,744 (2.5%) |
0.80 |
19,411 |
2022-11-01 |
$329,950 (2.3%) |
$492,242 (1.3%) |
0.79 |
18,653 |
2022-12-01 |
$322,938 (3.3%) |
$482,288 (0.4%) |
0.80 |
15,983 |
2023-01-01 |
$327,450 (4.1%) |
$493,642 (0.2%) |
0.81 |
14,035 |
2023-02-01 |
$337,500 (4.0%) |
$519,123 (0.3%) |
0.81 |
12,692 |
2023-03-01 |
$352,450 (6.0%) |
$546,041 (3.8%) |
0.83 |
12,065 |
2023-04-01 |
$369,000 (5.5%) |
$569,789 (6.5%) |
0.86 |
11,604 |
2023-05-01 |
$377,300 (6.2%) |
$594,438 (10.4%) |
0.86 |
11,885 |
2023-06-01 |
$382,500 (6.3%) |
$592,009 (11.2%) |
0.86 |
12,817 |
2023-07-01 |
$389,000 (11.1%) |
$590,267 (14.5%) |
0.88 |
13,666 |
2023-08-01 |
$384,950 (10.0%) |
$581,245 (14.1%) |
0.88 |
14,105 |
2023-09-01 |
$377,000 (10.9%) |
$568,427 (12.8%) |
0.88 |
14,688 |
2023-10-01 |
$371,700 (9.4%) |
$562,705 (12.6%) |
0.87 |
15,118 |
2023-11-01 |
$360,000 (9.1%) |
$550,718 (11.9%) |
0.86 |
14,971 |
2023-12-01 |
$350,000 (8.4%) |
$536,637 (11.3%) |
0.85 |
13,067 |
GARY's median listing price for 2023-12-01 was $350,000, a difference of
$27,062
(8.4%) versus the prior year and
$-10,000 versus the prior month.
GARY's median listing price comes in at 85% of the national average.
GARY's average listing price for 2023-12-01 was $536,637, a difference of
$54,349
(11.3%) versus the prior year and
$-14,081 versus the prior month.
For the 2023-12-01 period, GARY had 13,067 MLS listings, a difference of
-1,904 listings
(-13%)
versus the prior month and
-2,916 listings
(-18%)
versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - GARY (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date |
Median Listing Time on Market |
Median Square Footage |
2018-01-01 |
75 days |
1,899 sqft |
2018-02-01 |
54 days |
1,958 sqft |
2018-03-01 |
43 days |
2,000 sqft |
2018-04-01 |
40 days |
2,023 sqft |
2018-05-01 |
40 days |
2,029 sqft |
2018-06-01 |
42 days |
2,022 sqft |
2018-07-01 |
45 days |
2,000 sqft |
2018-08-01 |
47 days |
1,988 sqft |
2018-09-01 |
50 days |
1,972 sqft |
2018-10-01 |
51 days |
1,939 sqft |
2018-11-01 |
56 days |
1,905 sqft |
2018-12-01 |
67 days |
1,872 sqft |
2019-01-01 |
73 days |
1,867 sqft |
2019-02-01 |
55 days |
1,909 sqft |
2019-03-01 |
43 days |
1,966 sqft |
2019-04-01 |
39 days |
2,000 sqft |
2019-05-01 |
40 days |
2,000 sqft |
2019-06-01 |
43 days |
2,000 sqft |
2019-07-01 |
45 days |
2,000 sqft |
2019-08-01 |
48 days |
1,974 sqft |
2019-09-01 |
51 days |
1,942 sqft |
2019-10-01 |
54 days |
1,919 sqft |
2019-11-01 |
61 days |
1,900 sqft |
2019-12-01 |
74 days |
1,871 sqft |
2020-01-01 |
76 days |
1,864 sqft |
2020-02-01 |
45 days |
1,920 sqft |
2020-03-01 |
43 days |
1,961 sqft |
2020-04-01 |
52 days |
1,933 sqft |
2020-05-01 |
60 days |
1,955 sqft |
2020-06-01 |
45 days |
1,941 sqft |
2020-07-01 |
41 days |
1,908 sqft |
2020-08-01 |
40 days |
1,874 sqft |
2020-09-01 |
40 days |
1,808 sqft |
2020-10-01 |
44 days |
1,794 sqft |
2020-11-01 |
50 days |
1,732 sqft |
2020-12-01 |
59 days |
1,700 sqft |
2021-01-01 |
64 days |
1,683 sqft |
2021-02-01 |
45 days |
1,680 sqft |
2021-03-01 |
40 days |
1,678 sqft |
2021-04-01 |
33 days |
1,694 sqft |
2021-05-01 |
33 days |
1,702 sqft |
2021-06-01 |
32 days |
1,728 sqft |
2021-07-01 |
34 days |
1,728 sqft |
2021-08-01 |
36 days |
1,703 sqft |
2021-09-01 |
38 days |
1,690 sqft |
2021-10-01 |
40 days |
1,671 sqft |
2021-11-01 |
45 days |
1,643 sqft |
2021-12-01 |
53 days |
1,603 sqft |
2022-01-01 |
59 days |
1,600 sqft |
2022-02-01 |
39 days |
1,600 sqft |
2022-03-01 |
34 days |
1,621 sqft |
2022-04-01 |
31 days |
1,655 sqft |
2022-05-01 |
29 days |
1,700 sqft |
2022-06-01 |
30 days |
1,723 sqft |
2022-07-01 |
32 days |
1,731 sqft |
2022-08-01 |
36 days |
1,719 sqft |
2022-09-01 |
40 days |
1,704 sqft |
2022-10-01 |
40 days |
1,708 sqft |
2022-11-01 |
44 days |
1,702 sqft |
2022-12-01 |
54 days |
1,695 sqft |
2023-01-01 |
60 days |
1,700 sqft |
2023-02-01 |
44 days |
1,703 sqft |
2023-03-01 |
40 days |
1,744 sqft |
2023-04-01 |
38 days |
1,784 sqft |
2023-05-01 |
34 days |
1,800 sqft |
2023-06-01 |
35 days |
1,801 sqft |
2023-07-01 |
36 days |
1,815 sqft |
2023-08-01 |
36 days |
1,802 sqft |
2023-09-01 |
37 days |
1,800 sqft |
2023-10-01 |
37 days |
1,797 sqft |
2023-11-01 |
42 days |
1,779 sqft |
2023-12-01 |
51 days |
1,760 sqft |
GARY's median listing age (time on market) for 2023-12-01 was 51 days.
This
is -6%
shorter
than the same period one year ago.
GARY's median square footage for active listings during the 2023-12-01 period was
1,760 sqft. One year prior, the average listing was
1,695 sqft.
GARY, IN Market Loan Reason
Loan Purpose |
Originations |
Total Value |
Average Loan |
Interest Rate Frequencies
Loan Rate |
Originations |
Total Value |
Average Loan |
Loan Sizing (GARY, IN MSA)
Loan Size |
Originations |
Total Value |
Average Loan |
LTV Distribution
Loan to Value |
Originations |
Total Value |
Average Loan |