Albemarle Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Albemarle averaged
6.3%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.44% and
one month ago for the week of 2023-08-10, the
average rate was 6.08%.
Albemarle's average rate one year ago was 5.01%.
For refis of the same type during the week of 2023-09-14, the average rate
was 6.48%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Albemarle 30 Year Fixed Rate | 2023-09-14 | 6.3% |
| Albemarle 30 Year Fixed Rate Refi | 2023-09-14 | 6.48% |
| Albemarle 15 Year Fixed Rate | 2023-09-14 | 6.41% |
| Albemarle 15 Year Fixed Rate Refi | 2023-09-14 | 6.39% |
| Albemarle 30 Year FHA | 2023-09-14 | 6.46% |
| Albemarle 30 Year FHA Refi | 2023-09-14 | 7.19% |
| Albemarle 30 Year USDA | 2023-09-14 | 6.78% |
| Albemarle 30 Year USDA Refi | 2023-09-14 | 7.08% |
| Albemarle 30 Year VA | 2023-09-14 | 6.49% |
| Albemarle 30 Year VA Refi | 2023-09-14 | 6.91% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Albemarle, NC.
Albemarle 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 Albemarle, NC 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.).
Albemarle Average Closing Costs & Other Stats
Albemarle, NC's 122 lenders originated 2,466
loans during 2022. The total origination value was $507,400,000, with an average loan value of
$205,758.
Albemarle's average closing costs are $4,543.
The top Albemarle lender as defined by loan originations is STATE EMPLOYEES', with
358 loans originated. Their average total fees are
$3,961, which is $863
higher than the next largest lender,
Uwharrie Bank.
The lowest fee Albemarle lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($1,163), Uwharrie Bank ($3,098), LOCAL GOVERNMENT FEDERAL CREDIT UNION ($3,807), Pinnacle Bank ($3,896) and STATE EMPLOYEES' ($3,961).
The lowest rate Albemarle lenders (with over 10 loans originated) are
LOCAL GOVERNMENT FEDERAL CREDIT UNION (3.81%), STATE EMPLOYEES' (4.00%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (4.24%), DHI MORTGAGE COMPANY, LTD. (4.27%) and Truist (4.60%).
Albemarle, NC 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 |
|---|---|---|---|---|
| STATE EMPLOYEES' | $106,595,000 | $101,710,000 | -4.6% | 20.0% |
| Uwharrie Bank | $60,320,000 | $44,555,000 | -26.1% | 8.8% |
| MOVEMENT MORTGAGE, LLC | $33,545,000 | $32,590,000 | -2.8% | 6.4% |
| DHI MORTGAGE COMPANY, LTD. | $27,080,000 | n/a | 5.3% | |
| QUICKEN LOANS, LLC | $45,120,000 | $23,100,000 | -48.8% | 4.6% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $18,775,000 | $18,925,000 | 0.8% | 3.7% |
| First Bank | $13,935,000 | $17,770,000 | 27.5% | 3.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $21,155,000 | $14,430,000 | -31.8% | 2.8% |
| LOANDEPOT.COM, LLC | $9,240,000 | $12,330,000 | 33.4% | 2.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $9,080,000 | $10,440,000 | 15.0% | 2.1% |
| Pinnacle Bank | $11,805,000 | $9,925,000 | -15.9% | 2.0% |
| American Security Mortgage Corp. | $10,105,000 | $7,100,000 | -29.7% | 1.4% |
| First-Citizens Bank & Trust Company | $5,300,000 | $7,075,000 | 33.5% | 1.4% |
| CORNERSTONE HOME LENDING, INC. | $3,930,000 | $7,030,000 | 78.9% | 1.4% |
| Truist | $9,295,000 | $6,470,000 | -30.4% | 1.3% |
| Ameris Bank | $5,155,000 | $6,140,000 | 19.1% | 1.2% |
| Wells Fargo Bank | $14,080,000 | $6,135,000 | -56.4% | 1.2% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $5,170,000 | $6,110,000 | 18.2% | 1.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $4,925,000 | $5,570,000 | 13.1% | 1.1% |
| Mortgage Research Center, LLC | $5,585,000 | $5,440,000 | -2.6% | 1.1% |
| Alcova Mortgage LLC | $4,255,000 | $4,260,000 | 0.1% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $4,480,000 | $4,050,000 | -9.6% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $11,255,000 | $3,295,000 | -70.7% | 0.6% |
| Wyndham Capital Mortgage, Inc. | $2,615,000 | $3,220,000 | 23.1% | 0.6% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $3,535,000 | $3,055,000 | -13.6% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $5,045,000 | $2,915,000 | -42.2% | 0.6% |
| United Bank | $85,000 | $2,805,000 | 3,200.0% | 0.6% |
| Fifth Third Bank | $3,400,000 | $2,790,000 | -17.9% | 0.5% |
| Towne Bank | $3,945,000 | $2,725,000 | -30.9% | 0.5% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $3,590,000 | $2,685,000 | -25.2% | 0.5% |
| Flagstar Bank, FSB | $1,815,000 | $2,685,000 | 47.9% | 0.5% |
| FOUNDERS FEDERAL CREDIT UNION | $745,000 | $2,605,000 | 249.7% | 0.5% |
| First National Bank of Pennsylvania | $3,305,000 | $2,570,000 | -22.2% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $2,645,000 | $2,520,000 | -4.7% | 0.5% |
| AgFirst Farm Credit Bank | $2,420,000 | $2,225,000 | -8.1% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,820,000 | $2,115,000 | -44.6% | 0.4% |
| BROKER SOLUTIONS, INC. | $2,680,000 | $2,110,000 | -21.3% | 0.4% |
| GUARANTEED RATE, INC. | $2,010,000 | $2,095,000 | 4.2% | 0.4% |
| SeaTrust Mortgage Company | $2,605,000 | $2,085,000 | -20.0% | 0.4% |
| Northpointe Bank | $400,000 | $1,935,000 | 383.8% | 0.4% |
| Truliant Federal Credit Union | $1,380,000 | $1,905,000 | 38.0% | 0.4% |
| INTERCOASTAL MORTGAGE COMPANY | $1,640,000 | $1,740,000 | 6.1% | 0.3% |
| Bank of America | $2,900,000 | $1,650,000 | -43.1% | 0.3% |
| CALIBER HOME LOANS, INC. | $1,675,000 | $1,510,000 | -9.9% | 0.3% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $440,000 | $1,495,000 | 239.8% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $3,680,000 | $1,485,000 | -59.6% | 0.3% |
| South State Bank | $1,860,000 | $1,410,000 | -24.2% | 0.3% |
| LENDINGONE, LLC | $1,380,000 | n/a | 0.3% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $795,000 | $1,355,000 | 70.4% | 0.3% |
| COASTAL Federal Credit Union | $435,000 | $1,325,000 | 204.6% | 0.3% |
| SHARONVIEW FEDERAL CREDIT UNION | $2,735,000 | $1,315,000 | -51.9% | 0.3% |
| RAPID MORTGAGE COMPANY | $795,000 | $1,310,000 | 64.8% | 0.3% |
| Carrington Mortgage Services, LLC | $1,300,000 | $1,245,000 | -4.2% | 0.2% |
| Gateway First Bank | $545,000 | $1,245,000 | 128.4% | 0.2% |
| AMERIFIRST FINANCIAL CORPORATION | $755,000 | $1,195,000 | 58.3% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $1,325,000 | $1,185,000 | -10.6% | 0.2% |
| Paragon Bank | $1,175,000 | n/a | 0.2% | |
| TJC Mortgage, Inc. | $470,000 | $1,065,000 | 126.6% | 0.2% |
| GUILD MORTGAGE COMPANY | $260,000 | $1,035,000 | 298.1% | 0.2% |
| Carolina Farm Credit, ACA | $1,255,000 | $1,015,000 | -19.1% | 0.2% |
| Regions Bank | $1,280,000 | $1,010,000 | -21.1% | 0.2% |
| TOWNE MORTGAGE COMPANY | $1,220,000 | $995,000 | -18.4% | 0.2% |
| BETTER MORTGAGE CORPORATION | $1,710,000 | $980,000 | -42.7% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $840,000 | $945,000 | 12.5% | 0.2% |
| ANGEL OAK HOME LOANS LLC | $290,000 | $895,000 | 208.6% | 0.2% |
| Nations Lending Corporation | $1,105,000 | $880,000 | -20.4% | 0.2% |
| CHARLOTTE METRO FEDERAL CREDIT UNION | $675,000 | $860,000 | 27.4% | 0.2% |
| CAPITAL CENTER, L.L.C. | $2,220,000 | $815,000 | -63.3% | 0.2% |
| NEW DAY FINANCIAL, LLC | $2,205,000 | $810,000 | -63.3% | 0.2% |
| U.S. Bank | $1,135,000 | $805,000 | -29.1% | 0.2% |
| Citizens Bank | $590,000 | $800,000 | 35.6% | 0.2% |
| JPMorgan Chase Bank | $2,975,000 | $800,000 | -73.1% | 0.2% |
| USAA Federal Savings Bank | $1,395,000 | $795,000 | -43.0% | 0.2% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $1,040,000 | $695,000 | -33.2% | 0.1% |
| Renasant Bank | $625,000 | $670,000 | 7.2% | 0.1% |
| First Horizon Bank | $640,000 | n/a | 0.1% | |
| Allen Tate Mortgage Partners, LLC | $965,000 | $635,000 | -34.2% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,345,000 | $620,000 | -53.9% | 0.1% |
| NEWREZ LLC | $3,400,000 | $620,000 | -81.8% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $320,000 | $595,000 | 85.9% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $590,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $590,000 | $590,000 | 0.0% | 0.1% |
| FIRST BANCORP, INC. | $590,000 | n/a | 0.1% | |
| MCLEAN MORTGAGE CORPORATION | $2,425,000 | $590,000 | -75.7% | 0.1% |
| FBC MORTGAGE, LLC | $155,000 | $570,000 | 267.7% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $460,000 | $570,000 | 23.9% | 0.1% |
| Discover Bank | $70,000 | $565,000 | 707.1% | 0.1% |
| MICHIGAN MUTUAL, INC. | $1,255,000 | $565,000 | -55.0% | 0.1% |
| CASTLE & COOKE MORTGAGE, LLC | $560,000 | n/a | 0.1% | |
| First Reliance Bank | $560,000 | n/a | 0.1% | |
| NFM, INC. | $2,905,000 | $560,000 | -80.7% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $530,000 | n/a | 0.1% | |
| CIVIC FINANCIAL SERVICES, LLC | $280,000 | $515,000 | 83.9% | 0.1% |
| SHELTER HOME MORTGAGE, LLC | $335,000 | $510,000 | 52.2% | 0.1% |
| United Community Bank | $235,000 | $510,000 | 117.0% | 0.1% |
| PHH Mortgage Corporation | $215,000 | $505,000 | 134.9% | 0.1% |
| UNION HOME MORTGAGE CORP. | $650,000 | $505,000 | -22.3% | 0.1% |
| First Federal Bank | $1,495,000 | $500,000 | -66.6% | 0.1% |
| UNITED MORTGAGE CORP. | $500,000 | n/a | 0.1% | |
| FORT FINANCIAL Federal Credit Union | $1,910,000 | $485,000 | -74.6% | 0.1% |
| GENEVA FINANCIAL, LLC | $380,000 | $475,000 | 25.0% | 0.1% |
| Bank OZK | $470,000 | n/a | 0.1% | |
| NORTHERN MORTGAGE SERVICES, LLC | $470,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $125,000 | $460,000 | 268.0% | 0.1% |
| Beeline Loans, Inc. | $455,000 | n/a | 0.1% | |
| NEXERA HOLDING LLC | $450,000 | n/a | 0.1% | |
| SOUTHERN TRUST MORTGAGE, LLC | $7,175,000 | $450,000 | -93.7% | 0.1% |
| EMBRACE HOME LOANS, INC. | $195,000 | $440,000 | 125.6% | 0.1% |
| LATINO COMMUNITY CREDIT UNION | $1,070,000 | $435,000 | -59.3% | 0.1% |
| EVERETT FINANCIAL, INC. | $685,000 | $430,000 | -37.2% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $85,000 | $415,000 | 388.2% | 0.1% |
| Sunflower Bank | $415,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $190,000 | $400,000 | 110.5% | 0.1% |
| GoPrime Mortgage, Inc. | $395,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $390,000 | n/a | 0.1% | |
| Ally Bank | $115,000 | $385,000 | 234.8% | 0.1% |
| Peoples Bank | $385,000 | n/a | 0.1% | |
| CAROLINAS TELCO FEDERAL CREDIT UNION | $200,000 | $380,000 | 90.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $680,000 | $375,000 | -44.9% | 0.1% |
| Colten Mortgage, LLC | $700,000 | $365,000 | -47.9% | 0.1% |
| DIGITAL Federal Credit Union | $365,000 | n/a | 0.1% | |
| PNC Bank | $955,000 | $365,000 | -61.8% | 0.1% |
| PREMIER LENDING, INC. | $430,000 | $365,000 | -15.1% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $660,000 | $355,000 | -46.2% | 0.1% |
| ZILLOW HOME LOANS, LLC | $400,000 | $355,000 | -11.3% | 0.1% |
| NBKC BANK | $85,000 | $345,000 | 305.9% | 0.1% |
| MORTGAGE EQUITY PARTNERS LLC | $335,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $195,000 | $330,000 | 69.2% | 0.1% |
| Alpha Mortgage Corporation | $325,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $325,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $910,000 | $325,000 | -64.3% | 0.1% |
| LENDSURE MORTGAGE CORP. | $305,000 | n/a | 0.1% | |
| INTERCAP LENDING INC. | $285,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $285,000 | n/a | 0.1% | |
| The Federal Savings Bank | $1,060,000 | $285,000 | -73.1% | 0.1% |
| ALLEGACY FEDERAL CREDIT UNION | $120,000 | $275,000 | 129.2% | 0.1% |
| T2 FINANCIAL LLC | $410,000 | $275,000 | -32.9% | 0.1% |
| TD Bank | $3,955,000 | $270,000 | -93.2% | 0.1% |
| AMERICAN ADVISORS GROUP | $265,000 | n/a | 0.1% | |
| AMWEST FUNDING CORP. | $265,000 | n/a | 0.1% | |
| Figure Lending LLC | $145,000 | $265,000 | 82.8% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $265,000 | n/a | 0.1% | |
| LEGEND LENDING CORPORATION | $265,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $255,000 | $265,000 | 3.9% | 0.1% |
| Equity Prime Mortgage LLC | $260,000 | n/a | 0.1% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,520,000 | $260,000 | -82.9% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $230,000 | $260,000 | 13.0% | 0.1% |
| MILEND, INC. | $255,000 | n/a | 0.1% | |
| The Park National Bank | $35,000 | $255,000 | 628.6% | 0.1% |
| PLANET HOME LENDING, LLC | $360,000 | $245,000 | -31.9% | 0.0% |
| BM Real Estate Services, Inc. | $235,000 | n/a | 0.0% | |
| Mortgage Network, Inc. | $235,000 | n/a | 0.0% | |
| Platinum Home Mortgage Corporation | $235,000 | n/a | 0.0% | |
| C & F Mortgage Corporation | $145,000 | $225,000 | 55.2% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $235,000 | $225,000 | -4.3% | 0.0% |
| Plains Commerce Bank | $225,000 | n/a | 0.0% | |
| Wolfe Financial, Inc | $175,000 | $225,000 | 28.6% | 0.0% |
| CMG MORTGAGE, INC. | $1,005,000 | $215,000 | -78.6% | 0.0% |
| PANORAMA MORTGAGE GROUP, LLC | $405,000 | $215,000 | -46.9% | 0.0% |
| SILVER HILL FUNDING, LLC | $215,000 | n/a | 0.0% | |
| ACADEMY MORTGAGE CORPORATION | $205,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $320,000 | $205,000 | -35.9% | 0.0% |
| First Palmetto Bank | $545,000 | $205,000 | -62.4% | 0.0% |
| First Savings Bank | $205,000 | n/a | 0.0% | |
| First Home Bank | $195,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $165,000 | $195,000 | 18.2% | 0.0% |
| LOANPAL, LLC | $165,000 | $195,000 | 18.2% | 0.0% |
| RESIDENTIAL BANCORP. | $195,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $155,000 | $185,000 | 19.4% | 0.0% |
| Magnolia Bank | $490,000 | $185,000 | -62.2% | 0.0% |
| MIDLAND MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| Univest Bank and Trust Co. | $175,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $1,080,000 | $165,000 | -84.7% | 0.0% |
| EMM LOANS LLC | $165,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $600,000 | $165,000 | -72.5% | 0.0% |
| SPRING EQ, LLC | $35,000 | $160,000 | 357.1% | 0.0% |
| Ixonia Bank | $155,000 | n/a | 0.0% | |
| M&T Bank | $155,000 | $155,000 | 0.0% | 0.0% |
| POLARIS HOME FUNDING CORP. | $350,000 | $145,000 | -58.6% | 0.0% |
| THRIVE MORTGAGE, LLC | $315,000 | $145,000 | -54.0% | 0.0% |
| Blue Ridge Bank | $720,000 | $135,000 | -81.3% | 0.0% |
| Citadel Servicing Corporation | $135,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $135,000 | n/a | 0.0% | |
| CERTAINTY HOME LOANS, LLC | $1,670,000 | $130,000 | -92.2% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $115,000 | n/a | 0.0% | |
| Quontic Bank | $115,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $650,000 | $115,000 | -82.3% | 0.0% |
| First National Bank of America | $105,000 | n/a | 0.0% | |
| HOME POINT FINANCIAL CORPORATION | $1,785,000 | $105,000 | -94.1% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $855,000 | $105,000 | -87.7% | 0.0% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $680,000 | $95,000 | -86.0% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $890,000 | $95,000 | -89.3% | 0.0% |
| The Fidelity Bank | $685,000 | $95,000 | -86.1% | 0.0% |
| ACOPIA, LLC | $85,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $85,000 | n/a | 0.0% | |
| MEMBER ADVANTAGE MORTGAGE, LLC | $85,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $85,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $65,000 | n/a | 0.0% | |
| Ukrainian Federal Credit Union | $55,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $125,000 | $35,000 | -72.0% | 0.0% |
| CORNING | $380,000 | $15,000 | -96.1% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $15,000 | n/a | 0.0% |
Albemarle's top lender by overall market share is STATE EMPLOYEES', with 20.0% market share. In second place, with 8.8%, is Uwharrie Bank, having originated $44,555,000 in loans. In third place, with 6.4%, is MOVEMENT MORTGAGE, LLC, having originated $32,590,000 in loans. In fourth place, with 5.3%, is DHI MORTGAGE COMPANY, LTD., having originated $27,080,000 in loans. In fifth place, with 4.6%, is QUICKEN LOANS, LLC, having originated $23,100,000 in loans.
Albemarle Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Albemarle (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 | $249,700 (7.6%) | $317,158 (-5.5%) | 0.00 | 250 |
| 2018-02-01 | $252,038 (2.4%) | $323,624 (-9.5%) | 0.00 | 235 |
| 2018-03-01 | $249,500 (2.6%) | $340,211 (-4.9%) | 0.00 | 240 |
| 2018-04-01 | $273,800 (9.6%) | $364,002 (0.6%) | 0.00 | 257 |
| 2018-05-01 | $275,375 (5.4%) | $366,403 (1.4%) | 0.00 | 270 |
| 2018-06-01 | $261,500 (-7.5%) | $368,046 (1.8%) | 0.00 | 281 |
| 2018-07-01 | $277,475 (-1.8%) | $385,101 (6.7%) | 0.00 | 285 |
| 2018-08-01 | $271,950 (-6.1%) | $382,707 (4.0%) | 0.00 | 294 |
| 2018-09-01 | $265,900 (-4.9%) | $374,651 (1.5%) | 0.00 | 312 |
| 2018-10-01 | $266,300 (-4.9%) | $379,381 (3.6%) | 0.00 | 301 |
| 2018-11-01 | $259,900 (-7.6%) | $373,556 (4.7%) | 0.00 | 286 |
| 2018-12-01 | $253,450 (-2.5%) | $376,032 (13.0%) | 0.00 | 263 |
| 2019-01-01 | $250,038 (0.1%) | $371,957 (17.3%) | 0.00 | 247 |
| 2019-02-01 | $257,175 (2.0%) | $372,687 (15.2%) | 0.00 | 248 |
| 2019-03-01 | $266,443 (6.8%) | $385,792 (13.4%) | 0.00 | 261 |
| 2019-04-01 | $274,850 (0.4%) | $390,659 (7.3%) | 0.00 | 283 |
| 2019-05-01 | $258,075 (-6.3%) | $375,046 (2.4%) | 0.00 | 320 |
| 2019-06-01 | $251,950 (-3.7%) | $365,085 (-0.8%) | 0.00 | 308 |
| 2019-07-01 | $249,900 (-9.9%) | $359,037 (-6.8%) | 0.00 | 290 |
| 2019-08-01 | $246,882 (-9.2%) | $345,197 (-9.8%) | 0.00 | 287 |
| 2019-09-01 | $242,955 (-8.6%) | $333,839 (-10.9%) | 0.00 | 293 |
| 2019-10-01 | $240,386 (-9.7%) | $327,417 (-13.7%) | 0.00 | 286 |
| 2019-11-01 | $249,900 (-3.9%) | $338,350 (-9.4%) | 0.00 | 263 |
| 2019-12-01 | $262,223 (3.5%) | $359,826 (-4.3%) | 0.00 | 237 |
| 2020-01-01 | $261,928 (4.8%) | $365,732 (-1.7%) | 0.00 | 201 |
| 2020-02-01 | $253,750 (-1.3%) | $361,941 (-2.9%) | 0.00 | 209 |
| 2020-03-01 | $257,450 (-3.4%) | $371,415 (-3.7%) | 0.00 | 220 |
| 2020-04-01 | $252,400 (-8.2%) | $366,785 (-6.1%) | 0.00 | 220 |
| 2020-05-01 | $259,900 (0.7%) | $390,782 (4.2%) | 0.00 | 191 |
| 2020-06-01 | $254,950 (1.2%) | $388,177 (6.3%) | 0.00 | 170 |
| 2020-07-01 | $254,950 (2.0%) | $394,569 (9.9%) | 0.00 | 155 |
| 2020-08-01 | $249,950 (1.2%) | $402,941 (16.7%) | 0.00 | 142 |
| 2020-09-01 | $239,625 (-1.4%) | $380,545 (14.0%) | 0.00 | 141 |
| 2020-10-01 | $250,000 (4.0%) | $385,612 (17.8%) | 0.00 | 133 |
| 2020-11-01 | $238,725 (-4.5%) | $387,290 (14.5%) | 0.00 | 127 |
| 2020-12-01 | $230,375 (-12.2%) | $390,798 (8.6%) | 0.00 | 119 |
| 2021-01-01 | $217,500 (-17.0%) | $382,084 (4.5%) | 0.00 | 104 |
| 2021-02-01 | $214,975 (-15.3%) | $388,759 (7.4%) | 0.00 | 93 |
| 2021-03-01 | $251,175 (-2.4%) | $389,505 (4.9%) | 0.00 | 84 |
| 2021-04-01 | $259,750 (2.9%) | $423,550 (15.5%) | 0.00 | 78 |
| 2021-05-01 | $274,450 (5.6%) | $420,812 (7.7%) | 0.00 | 93 |
| 2021-06-01 | $297,450 (16.7%) | $420,006 (8.2%) | 0.00 | 111 |
| 2021-07-01 | $299,900 (17.6%) | $429,433 (8.8%) | 0.00 | 106 |
| 2021-08-01 | $269,950 (8.0%) | $386,590 (-4.1%) | 0.00 | 128 |
| 2021-09-01 | $276,725 (15.5%) | $377,211 (-0.9%) | 0.00 | 122 |
| 2021-10-01 | $269,900 (8.0%) | $350,170 (-9.2%) | 0.00 | 108 |
| 2021-11-01 | $260,000 (8.9%) | $353,111 (-8.8%) | 0.00 | 90 |
| 2021-12-01 | $263,650 (14.4%) | $332,485 (-14.9%) | 0.00 | 96 |
| 2022-01-01 | $329,000 (51.3%) | $365,557 (-4.3%) | 0.00 | 80 |
| 2022-02-01 | $312,425 (45.3%) | $360,140 (-7.4%) | 0.00 | 62 |
| 2022-03-01 | $284,231 (13.2%) | $344,032 (-11.7%) | 0.00 | 67 |
| 2022-04-01 | $296,900 (14.3%) | $382,191 (-9.8%) | 0.00 | 71 |
| 2022-05-01 | $348,848 (27.1%) | $442,774 (5.2%) | 0.00 | 87 |
| 2022-06-01 | $348,200 (17.1%) | $423,458 (0.8%) | 0.00 | 96 |
| 2022-07-01 | $329,900 (10.0%) | $410,634 (-4.4%) | 0.00 | 127 |
| 2022-08-01 | $314,700 (16.6%) | $405,905 (5.0%) | 0.00 | 146 |
| 2022-09-01 | $302,450 (9.3%) | $365,165 (-3.2%) | 0.00 | 191 |
| 2022-10-01 | $320,000 (18.6%) | $389,523 (11.2%) | 0.00 | 204 |
| 2022-11-01 | $328,675 (26.4%) | $371,854 (5.3%) | 0.00 | 218 |
| 2022-12-01 | $305,000 (15.7%) | $348,629 (4.9%) | 0.00 | 196 |
| 2023-01-01 | $304,950 (-7.3%) | $349,990 (-4.3%) | 0.00 | 197 |
| 2023-02-01 | $330,000 (5.6%) | $402,970 (11.9%) | 0.00 | 169 |
| 2023-03-01 | $329,950 (16.1%) | $439,734 (27.8%) | 0.00 | 166 |
| 2023-04-01 | $329,900 (11.1%) | $437,923 (14.6%) | 0.00 | 152 |
| 2023-05-01 | $332,000 (-4.8%) | $460,610 (4.0%) | 0.00 | 138 |
| 2023-06-01 | $329,900 (-5.3%) | $444,581 (5.0%) | 0.00 | 155 |
| 2023-07-01 | $339,100 (2.8%) | $455,675 (11.0%) | 0.00 | 164 |
| 2023-08-01 | $347,225 (10.3%) | $461,942 (13.8%) | 0.00 | 160 |
Albemarle's median listing price for 2023-08-01 was $347,225, a difference of
$32,525
(10.3%) versus the prior year and
$8,125 versus the prior month.
Albemarle's median listing price comes in at 0% of the national average.
Albemarle's average listing price for 2023-08-01 was $461,942, a difference of $56,037 (13.8%) versus the prior year and $6,267 versus the prior month.
For the 2023-08-01 period, Albemarle had 160 MLS listings, a difference of -4 listings (-2%) versus the prior month and 14 listings (10%) versus the prior year.
Albemarle's median listing price comes in at 0% of the national average.
Albemarle's average listing price for 2023-08-01 was $461,942, a difference of $56,037 (13.8%) versus the prior year and $6,267 versus the prior month.
For the 2023-08-01 period, Albemarle had 160 MLS listings, a difference of -4 listings (-2%) versus the prior month and 14 listings (10%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Albemarle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,957 sqft |
| 2018-02-01 | 0 days | 1,979 sqft |
| 2018-03-01 | 0 days | 1,953 sqft |
| 2018-04-01 | 0 days | 2,045 sqft |
| 2018-05-01 | 0 days | 2,019 sqft |
| 2018-06-01 | 0 days | 1,999 sqft |
| 2018-07-01 | 0 days | 1,999 sqft |
| 2018-08-01 | 0 days | 1,955 sqft |
| 2018-09-01 | 0 days | 1,824 sqft |
| 2018-10-01 | 0 days | 1,831 sqft |
| 2018-11-01 | 0 days | 1,840 sqft |
| 2018-12-01 | 0 days | 1,885 sqft |
| 2019-01-01 | 0 days | 1,812 sqft |
| 2019-02-01 | 0 days | 1,811 sqft |
| 2019-03-01 | 0 days | 1,830 sqft |
| 2019-04-01 | 0 days | 1,833 sqft |
| 2019-05-01 | 0 days | 1,830 sqft |
| 2019-06-01 | 0 days | 2,007 sqft |
| 2019-07-01 | 0 days | 2,009 sqft |
| 2019-08-01 | 0 days | 1,984 sqft |
| 2019-09-01 | 0 days | 1,998 sqft |
| 2019-10-01 | 0 days | 2,009 sqft |
| 2019-11-01 | 0 days | 1,917 sqft |
| 2019-12-01 | 0 days | 1,997 sqft |
| 2020-01-01 | 0 days | 1,985 sqft |
| 2020-02-01 | 0 days | 1,866 sqft |
| 2020-03-01 | 0 days | 1,833 sqft |
| 2020-04-01 | 0 days | 1,819 sqft |
| 2020-05-01 | 0 days | 1,866 sqft |
| 2020-06-01 | 0 days | 1,852 sqft |
| 2020-07-01 | 0 days | 1,929 sqft |
| 2020-08-01 | 0 days | 1,894 sqft |
| 2020-09-01 | 0 days | 1,796 sqft |
| 2020-10-01 | 0 days | 1,946 sqft |
| 2020-11-01 | 0 days | 1,838 sqft |
| 2020-12-01 | 0 days | 1,749 sqft |
| 2021-01-01 | 0 days | 1,780 sqft |
| 2021-02-01 | 0 days | 1,685 sqft |
| 2021-03-01 | 0 days | 1,700 sqft |
| 2021-04-01 | 0 days | 1,715 sqft |
| 2021-05-01 | 0 days | 1,801 sqft |
| 2021-06-01 | 0 days | 1,764 sqft |
| 2021-07-01 | 0 days | 1,772 sqft |
| 2021-08-01 | 0 days | 1,621 sqft |
| 2021-09-01 | 0 days | 1,699 sqft |
| 2021-10-01 | 0 days | 1,698 sqft |
| 2021-11-01 | 0 days | 1,686 sqft |
| 2021-12-01 | 0 days | 1,586 sqft |
| 2022-01-01 | 0 days | 1,738 sqft |
| 2022-02-01 | 0 days | 1,715 sqft |
| 2022-03-01 | 0 days | 1,675 sqft |
| 2022-04-01 | 0 days | 1,676 sqft |
| 2022-05-01 | 0 days | 1,786 sqft |
| 2022-06-01 | 0 days | 1,698 sqft |
| 2022-07-01 | 0 days | 1,670 sqft |
| 2022-08-01 | 0 days | 1,614 sqft |
| 2022-09-01 | 0 days | 1,591 sqft |
| 2022-10-01 | 0 days | 1,673 sqft |
| 2022-11-01 | 0 days | 1,634 sqft |
| 2022-12-01 | 0 days | 1,548 sqft |
| 2023-01-01 | 0 days | 1,542 sqft |
| 2023-02-01 | 0 days | 1,653 sqft |
| 2023-03-01 | 0 days | 1,636 sqft |
| 2023-04-01 | 0 days | 1,586 sqft |
| 2023-05-01 | 0 days | 1,710 sqft |
| 2023-06-01 | 0 days | 1,648 sqft |
| 2023-07-01 | 0 days | 1,736 sqft |
| 2023-08-01 | 0 days | 1,690 sqft |
Albemarle's median listing age (time on market) for 2023-08-01 was 0 days.
Albemarle's median square footage for active listings during the 2023-08-01 period was 1,690 sqft. One year prior, the average listing was 1,614 sqft.
Albemarle's median square footage for active listings during the 2023-08-01 period was 1,690 sqft. One year prior, the average listing was 1,614 sqft.
Albemarle, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,300 | $341,120,000 | $262,400 |
| Refi | 423 | $72,315,000 | $170,957 |
| Cash Out Refi | 269 | $57,115,000 | $212,323 |
| Other | 264 | $21,900,000 | $82,955 |
| Home Improvement | 210 | $14,950,000 | $71,190 |
Albemarle's most frequently cited loan purpose was Home Purchase, with 1,300 originations. The 2nd most popular reason was Refi, with 423 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 892 | $167,600,000 | $187,892 |
| 4-5% | 534 | $131,960,000 | $247,116 |
| 5-6% | 479 | $109,415,000 | $228,424 |
| 2.5-3% | 227 | $32,605,000 | $143,634 |
| 6-7% | 206 | $42,260,000 | $205,146 |
| 7-8% | 61 | $11,265,000 | $184,672 |
| <2.5% | 33 | $6,175,000 | $187,121 |
| Over 8% | 27 | $4,235,000 | $156,852 |
During 2022, Albemarle's most frequently originated rate bucket was 3-4%, with 892 originations.
Loan Sizing (Albemarle, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 984 | $275,900,000 | $280,386 |
| $100k-200k | 744 | $110,580,000 | $148,629 |
| $100,000 or less | 584 | $33,390,000 | $57,175 |
| $400k-600k | 128 | $59,130,000 | $461,953 |
| $600k-1000k | 18 | $13,290,000 | $738,333 |
| $Over $1MM | 8 | $15,110,000 | $1,888,750 |
Albemarle's loan sizing saw the bucket of loans from $200k-400k with 984 originations, totaling $275,900,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 984 | $262,130,000 | $266,392 |
| 60-80% | 557 | $127,245,000 | $228,447 |
| 20-40% | 295 | $31,085,000 | $105,373 |
| Under 20% | 288 | $13,590,000 | $47,188 |
| 40-60% | 282 | $55,540,000 | $196,950 |
| Over 100% | 50 | $15,180,000 | $303,600 |
Albemarle's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 984 originations, totaling $262,130,000 in origination value.