WEST PALM BEACH - BOCA RATON - BOYNTON BEACH Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in West Palm Beach - Boca Raton - Boynton Beach averaged 6.5% for the week of 2024-01-18, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-01-11) was 6.56% and one month ago for the week of 2023-12-14, the average rate was 7.25%.

    West Palm Beach - Boca Raton - Boynton Beach's average rate one year ago was 6.63%.

    For refis of the same type during the week of 2024-01-18, the average rate was 7.1%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-01-18 6.6%
    West Palm Beach - Boca Raton - Boynton Beach 30 Year Fixed Rate 2024-01-18 6.5%
    West Palm Beach - Boca Raton - Boynton Beach 30 Year Fixed Rate Refi 2024-01-18 7.1%
    West Palm Beach - Boca Raton - Boynton Beach 15 Year Fixed Rate 2024-01-18 5.76%
    West Palm Beach - Boca Raton - Boynton Beach 15 Year Fixed Rate Refi 2024-01-18 5.96%
    West Palm Beach - Boca Raton - Boynton Beach 30 Year FHA 2024-01-18 -0.1%
    West Palm Beach - Boca Raton - Boynton Beach 30 Year FHA Refi 2024-01-18 0.1%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL.

    WEST PALM BEACH - BOCA RATON - BOYNTON BEACH 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 WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 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

    WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 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

    WEST PALM BEACH - BOCA RATON - BOYNTON BEACH Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - WEST PALM BEACH - BOCA RATON - BOYNTON BEACH (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 $390,000 (4.0%) $877,777 (3.0%) 1.45 46,965
    2018-02-01 $389,950 (3.4%) $875,940 (2.6%) 1.42 48,000
    2018-03-01 $394,900 (3.3%) $877,243 (2.1%) 1.39 48,472
    2018-04-01 $397,250 (3.2%) $878,487 (1.5%) 1.35 48,105
    2018-05-01 $399,000 (2.7%) $877,971 (0.5%) 1.33 47,079
    2018-06-01 $399,000 (3.2%) $876,877 (1.6%) 1.33 46,265
    2018-07-01 $399,000 (2.2%) $872,035 (1.4%) 1.33 45,954
    2018-08-01 $398,750 (2.0%) $864,389 (0.0%) 1.34 45,632
    2018-09-01 $397,500 (1.9%) $862,917 (-0.7%) 1.34 46,077
    2018-10-01 $395,000 (1.4%) $865,206 (0.5%) 1.34 47,540
    2018-11-01 $395,000 (1.3%) $870,007 (0.6%) 1.34 49,385
    2018-12-01 $390,000 (0.0%) $876,847 (1.0%) 1.35 50,359
    2019-01-01 $390,000 (0.0%) $877,182 (-0.1%) 1.35 51,137
    2019-02-01 $390,000 (0.0%) $880,033 (0.5%) 1.32 52,897
    2019-03-01 $393,857 (-0.3%) $880,719 (0.4%) 1.29 52,211
    2019-04-01 $399,000 (0.4%) $885,981 (0.9%) 1.27 50,838
    2019-05-01 $399,900 (0.2%) $894,521 (1.9%) 1.25 49,415
    2019-06-01 $399,993 (0.3%) $888,854 (1.4%) 1.25 47,726
    2019-07-01 $400,000 (0.3%) $884,100 (1.4%) 1.25 46,161
    2019-08-01 $399,727 (0.3%) $881,518 (2.0%) 1.27 45,587
    2019-09-01 $399,318 (0.5%) $884,240 (2.5%) 1.28 45,049
    2019-10-01 $399,295 (1.1%) $890,757 (3.0%) 1.29 44,969
    2019-11-01 $399,900 (1.2%) $914,850 (5.2%) 1.31 45,819
    2019-12-01 $399,900 (2.5%) $928,958 (5.9%) 1.33 45,643
    2020-01-01 $399,000 (2.3%) $936,963 (6.8%) 1.33 44,972
    2020-02-01 $399,900 (2.5%) $942,047 (7.1%) 1.31 45,470
    2020-03-01 $399,950 (1.6%) $943,092 (7.1%) 1.25 45,265
    2020-04-01 $395,000 (-1.0%) $909,526 (2.7%) 1.24 44,428
    2020-05-01 $390,000 (-2.5%) $914,374 (2.2%) 1.19 43,836
    2020-06-01 $399,000 (-0.3%) $928,947 (4.5%) 1.18 42,714
    2020-07-01 $399,450 (-0.1%) $951,359 (7.6%) 1.16 40,285
    2020-08-01 $399,900 (0.0%) $962,177 (9.2%) 1.15 39,106
    2020-09-01 $400,000 (0.2%) $977,488 (10.6%) 1.15 38,034
    2020-10-01 $405,000 (1.4%) $988,910 (11.0%) 1.16 37,485
    2020-11-01 $400,000 (0.0%) $988,828 (8.1%) 1.17 37,076
    2020-12-01 $399,999 (0.0%) $994,355 (7.0%) 1.19 35,993
    2021-01-01 $399,000 (0.0%) $986,024 (5.2%) 1.19 33,467
    2021-02-01 $396,000 (-1.0%) $1,001,349 (6.3%) 1.15 30,510
    2021-03-01 $398,750 (-0.3%) $1,025,276 (8.7%) 1.13 26,860
    2021-04-01 $412,000 (4.3%) $1,061,309 (16.7%) 1.12 24,099
    2021-05-01 $429,000 (10.0%) $1,116,370 (22.1%) 1.14 21,800
    2021-06-01 $449,000 (12.5%) $1,163,875 (25.3%) 1.18 20,632
    2021-07-01 $455,500 (14.0%) $1,159,295 (21.9%) 1.20 20,962
    2021-08-01 $459,500 (14.9%) $1,176,863 (22.3%) 1.23 20,831
    2021-09-01 $467,450 (16.9%) $1,208,002 (23.6%) 1.25 20,297
    2021-10-01 $479,850 (18.5%) $1,260,576 (27.5%) 1.28 19,456
    2021-11-01 $482,500 (20.6%) $1,304,770 (32.0%) 1.29 18,302
    2021-12-01 $492,500 (23.1%) $1,343,496 (35.1%) 1.33 17,025
    2022-01-01 $495,000 (24.1%) $1,399,371 (41.9%) 1.34 15,401
    2022-02-01 $522,450 (31.9%) $1,501,636 (50.0%) 1.36 13,563
    2022-03-01 $544,500 (36.6%) $1,566,457 (52.8%) 1.36 13,063
    2022-04-01 $577,000 (40.1%) $1,616,168 (52.3%) 1.38 12,824
    2022-05-01 $622,000 (45.0%) $1,623,263 (45.4%) 1.42 14,723
    2022-06-01 $625,000 (39.2%) $1,531,062 (31.6%) 1.39 17,323
    2022-07-01 $620,000 (36.1%) $1,432,579 (23.6%) 1.40 21,070
    2022-08-01 $604,000 (31.5%) $1,406,924 (19.6%) 1.40 22,462
    2022-09-01 $599,000 (28.1%) $1,393,945 (15.4%) 1.40 22,559
    2022-10-01 $599,000 (24.8%) $1,407,112 (11.6%) 1.41 23,833
    2022-11-01 $599,000 (24.2%) $1,431,246 (9.7%) 1.44 25,517
    2022-12-01 $595,000 (20.8%) $1,461,330 (8.8%) 1.47 25,912
    2023-01-01 $595,000 (20.2%) $1,473,844 (5.3%) 1.47 25,920
    2023-02-01 $599,000 (14.7%) $1,503,920 (0.2%) 1.45 25,462
    2023-03-01 $599,444 (10.1%) $1,521,207 (-2.9%) 1.41 24,536
    2023-04-01 $605,000 (4.9%) $1,570,111 (-2.9%) 1.41 23,340
    2023-05-01 $607,598 (-2.3%) $1,579,899 (-2.7%) 1.38 22,854
    2023-06-01 $604,848 (-3.2%) $1,548,211 (1.1%) 1.36 22,583
    2023-07-01 $600,995 (-3.1%) $1,497,098 (4.5%) 1.37 22,403
    2023-08-01 $600,000 (-0.7%) $1,468,712 (4.4%) 1.38 22,488
    2023-09-01 $599,000 (0.0%) $1,445,209 (3.7%) 1.39 24,077
    2023-10-01 $598,500 (-0.1%) $1,453,940 (3.3%) 1.41 26,415
    2023-11-01 $594,973 (-0.7%) $1,473,559 (3.0%) 1.42 29,158
    2023-12-01 $579,900 (-2.5%) $1,467,078 (0.4%) 1.41 30,835
    WEST PALM BEACH - BOCA RATON - BOYNTON BEACH's median listing price for 2023-12-01 was $579,900, a difference of $-15,100 (-2.5%) versus the prior year and $-15,073 versus the prior month.

    WEST PALM BEACH - BOCA RATON - BOYNTON BEACH's median listing price comes in at 141% of the national average.

    WEST PALM BEACH - BOCA RATON - BOYNTON BEACH's average listing price for 2023-12-01 was $1,467,078, a difference of $5,748 (0.4%) versus the prior year and $-6,481 versus the prior month.

    For the 2023-12-01 period, WEST PALM BEACH - BOCA RATON - BOYNTON BEACH had 30,835 MLS listings, a difference of 1,677 listings (6%) versus the prior month and 4,923 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - WEST PALM BEACH - BOCA RATON - BOYNTON BEACH (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 81 days 1,498 sqft
    2018-02-01 78 days 1,499 sqft
    2018-03-01 72 days 1,500 sqft
    2018-04-01 74 days 1,501 sqft
    2018-05-01 76 days 1,506 sqft
    2018-06-01 79 days 1,515 sqft
    2018-07-01 80 days 1,517 sqft
    2018-08-01 81 days 1,513 sqft
    2018-09-01 81 days 1,510 sqft
    2018-10-01 78 days 1,507 sqft
    2018-11-01 75 days 1,510 sqft
    2018-12-01 79 days 1,507 sqft
    2019-01-01 83 days 1,505 sqft
    2019-02-01 81 days 1,507 sqft
    2019-03-01 79 days 1,512 sqft
    2019-04-01 78 days 1,520 sqft
    2019-05-01 81 days 1,526 sqft
    2019-06-01 85 days 1,527 sqft
    2019-07-01 86 days 1,530 sqft
    2019-08-01 86 days 1,524 sqft
    2019-09-01 86 days 1,516 sqft
    2019-10-01 85 days 1,509 sqft
    2019-11-01 81 days 1,507 sqft
    2019-12-01 84 days 1,500 sqft
    2020-01-01 87 days 1,499 sqft
    2020-02-01 82 days 1,488 sqft
    2020-03-01 74 days 1,485 sqft
    2020-04-01 82 days 1,461 sqft
    2020-05-01 94 days 1,450 sqft
    2020-06-01 103 days 1,437 sqft
    2020-07-01 96 days 1,406 sqft
    2020-08-01 82 days 1,389 sqft
    2020-09-01 81 days 1,381 sqft
    2020-10-01 81 days 1,376 sqft
    2020-11-01 79 days 1,366 sqft
    2020-12-01 81 days 1,357 sqft
    2021-01-01 83 days 1,334 sqft
    2021-02-01 75 days 1,303 sqft
    2021-03-01 64 days 1,293 sqft
    2021-04-01 60 days 1,296 sqft
    2021-05-01 56 days 1,312 sqft
    2021-06-01 53 days 1,341 sqft
    2021-07-01 52 days 1,361 sqft
    2021-08-01 53 days 1,366 sqft
    2021-09-01 54 days 1,369 sqft
    2021-10-01 55 days 1,376 sqft
    2021-11-01 56 days 1,376 sqft
    2021-12-01 58 days 1,366 sqft
    2022-01-01 61 days 1,356 sqft
    2022-02-01 48 days 1,364 sqft
    2022-03-01 40 days 1,387 sqft
    2022-04-01 40 days 1,435 sqft
    2022-05-01 36 days 1,488 sqft
    2022-06-01 37 days 1,500 sqft
    2022-07-01 40 days 1,513 sqft
    2022-08-01 49 days 1,513 sqft
    2022-09-01 57 days 1,515 sqft
    2022-10-01 60 days 1,518 sqft
    2022-11-01 61 days 1,516 sqft
    2022-12-01 66 days 1,500 sqft
    2023-01-01 72 days 1,488 sqft
    2023-02-01 67 days 1,472 sqft
    2023-03-01 60 days 1,459 sqft
    2023-04-01 63 days 1,452 sqft
    2023-05-01 63 days 1,442 sqft
    2023-06-01 62 days 1,441 sqft
    2023-07-01 64 days 1,435 sqft
    2023-08-01 62 days 1,426 sqft
    2023-09-01 58 days 1,417 sqft
    2023-10-01 56 days 1,422 sqft
    2023-11-01 57 days 1,425 sqft
    2023-12-01 61 days 1,406 sqft
    WEST PALM BEACH - BOCA RATON - BOYNTON BEACH's median listing age (time on market) for 2023-12-01 was 61 days. This is -8% shorter than the same period one year ago.

    WEST PALM BEACH - BOCA RATON - BOYNTON BEACH's median square footage for active listings during the 2023-12-01 period was 1,406 sqft. One year prior, the average listing was 1,500 sqft.

    WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan

    Loan Sizing (WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL MSA)

    Loan Size Originations Total Value Average Loan

    LTV Distribution

    Loan to Value Originations Total Value Average Loan