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