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
6.95%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.38% and
one month ago for the week of 2023-02-09, the
average rate was 6.77%.
Albemarle's average rate one year ago was 4.6%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.99%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Albemarle 30 Year Fixed Rate | 2023-03-16 | 6.95% |
| Albemarle 30 Year Fixed Rate Refi | 2023-03-16 | 6.99% |
| Albemarle 15 Year Fixed Rate | 2023-03-16 | 6.88% |
| Albemarle 15 Year Fixed Rate Refi | 2023-03-16 | 6.29% |
| Albemarle 30 Year FHA | 2023-03-16 | 6.79% |
| Albemarle 30 Year FHA Refi | 2023-03-16 | 6.35% |
| Albemarle 30 Year USDA | 2023-03-16 | 6.65% |
| Albemarle 30 Year USDA Refi | 2023-03-16 | 6.37% |
| Albemarle 30 Year VA | 2023-03-16 | 6.51% |
| Albemarle 30 Year VA Refi | 2023-03-16 | 5.92% |
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 144 lenders originated 3,032
loans during 2021. The total origination value was $587,150,000, with an average loan value of
$193,651.
Albemarle's average closing costs are $4,124.
The top Albemarle lender as defined by loan originations is STATE EMPLOYEES', with
365 loans originated. Their average total fees are
$3,756, which is $1,380
higher than the next largest lender,
Uwharrie Bank.
The lowest fee Albemarle lenders (with over 10 loans originated) are
Wyndham Capital Mortgage, Inc. ($1,617), Uwharrie Bank ($2,377), Fifth Third Bank ($3,102), American Security Mortgage Corp. ($3,123) and Bank of America ($3,224).
The lowest rate Albemarle lenders (with over 10 loans originated) are
Bank of America (2.71%), AMERISAVE MORTGAGE CORPORATION (2.79%), American Security Mortgage Corp. (2.87%), Truist (2.91%) and Wyndham Capital Mortgage, Inc. (2.97%).
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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| STATE EMPLOYEES' | $58,740,000 | $106,595,000 | 81.5% | 18.2% |
| Uwharrie Bank | $68,660,000 | $60,320,000 | -12.1% | 10.3% |
| QUICKEN LOANS, LLC | $37,145,000 | $45,120,000 | 21.5% | 7.7% |
| MOVEMENT MORTGAGE, LLC | $22,405,000 | $33,545,000 | 49.7% | 5.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $15,390,000 | $21,155,000 | 37.5% | 3.6% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $13,085,000 | $18,775,000 | 43.5% | 3.2% |
| Wells Fargo Bank | $10,860,000 | $14,080,000 | 29.7% | 2.4% |
| First Bank | $14,505,000 | $13,935,000 | -3.9% | 2.4% |
| Pinnacle Bank | $9,930,000 | $11,805,000 | 18.9% | 2.0% |
| FREEDOM MORTGAGE CORPORATION | $10,060,000 | $11,255,000 | 11.9% | 1.9% |
| American Security Mortgage Corp. | $6,425,000 | $10,105,000 | 57.3% | 1.7% |
| Truist Bank | $9,510,000 | $9,295,000 | -2.3% | 1.6% |
| LOANDEPOT.COM, LLC | $7,410,000 | $9,240,000 | 24.7% | 1.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,155,000 | $9,080,000 | 187.8% | 1.5% |
| SOUTHERN TRUST MORTGAGE, LLC | $8,655,000 | $7,175,000 | -17.1% | 1.2% |
| Mortgage Research Center, LLC | $3,785,000 | $5,585,000 | 47.6% | 1.0% |
| First-Citizens Bank & Trust Company | $5,770,000 | $5,300,000 | -8.1% | 0.9% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $5,415,000 | $5,170,000 | -4.5% | 0.9% |
| Ameris Bank | $2,850,000 | $5,155,000 | 80.9% | 0.9% |
| AMERISAVE MORTGAGE CORPORATION | $2,200,000 | $5,045,000 | 129.3% | 0.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,715,000 | $4,925,000 | 187.2% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $2,395,000 | $4,480,000 | 87.1% | 0.8% |
| Alcova Mortgage LLC | $6,550,000 | $4,255,000 | -35.0% | 0.7% |
| TD Bank | $570,000 | $3,955,000 | 593.9% | 0.7% |
| Towne Bank | $1,695,000 | $3,945,000 | 132.7% | 0.7% |
| CORNERSTONE HOME LENDING, INC. | $5,830,000 | $3,930,000 | -32.6% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,440,000 | $3,820,000 | 11.0% | 0.7% |
| LAKEVIEW LOAN SERVICING, LLC | $3,135,000 | $3,680,000 | 17.4% | 0.6% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,220,000 | $3,590,000 | 61.7% | 0.6% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,890,000 | $3,535,000 | 87.0% | 0.6% |
| Fifth Third Bank | $2,135,000 | $3,400,000 | 59.3% | 0.6% |
| NEWREZ LLC | $3,595,000 | $3,400,000 | -5.4% | 0.6% |
| First National Bank of Pennsylvania | $2,315,000 | $3,305,000 | 42.8% | 0.6% |
| JPMorgan Chase Bank | $3,110,000 | $2,975,000 | -4.3% | 0.5% |
| NFM, INC. | $1,715,000 | $2,905,000 | 69.4% | 0.5% |
| Bank of America | $3,430,000 | $2,900,000 | -15.5% | 0.5% |
| SHARONVIEW FEDERAL CREDIT UNION | $1,795,000 | $2,735,000 | 52.4% | 0.5% |
| BROKER SOLUTIONS, INC. | $1,375,000 | $2,680,000 | 94.9% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $1,565,000 | $2,645,000 | 69.0% | 0.5% |
| Wyndham Capital Mortgage, Inc. | $1,525,000 | $2,615,000 | 71.5% | 0.4% |
| SeaTrust Mortgage Company | $530,000 | $2,605,000 | 391.5% | 0.4% |
| MCLEAN MORTGAGE CORPORATION | $790,000 | $2,425,000 | 207.0% | 0.4% |
| AgFirst Farm Credit Bank | $2,685,000 | $2,420,000 | -9.9% | 0.4% |
| CAPITAL CENTER, L.L.C. | $2,220,000 | n/a | 0.4% | |
| NEW DAY FINANCIAL, LLC | $1,295,000 | $2,205,000 | 70.3% | 0.4% |
| GUARANTEED RATE, INC. | $715,000 | $2,010,000 | 181.1% | 0.3% |
| FORT FINANCIAL Federal Credit Union | $1,190,000 | $1,910,000 | 60.5% | 0.3% |
| South State Bank | $1,735,000 | $1,860,000 | 7.2% | 0.3% |
| Flagstar Bank, FSB | $910,000 | $1,815,000 | 99.5% | 0.3% |
| HOME POINT FINANCIAL CORPORATION | $1,260,000 | $1,785,000 | 41.7% | 0.3% |
| BETTER MORTGAGE CORPORATION | $580,000 | $1,710,000 | 194.8% | 0.3% |
| CALIBER HOME LOANS, INC. | $2,250,000 | $1,675,000 | -25.6% | 0.3% |
| CERTAINTY HOME LOANS, LLC | $165,000 | $1,670,000 | 912.1% | 0.3% |
| INTERCOASTAL MORTGAGE COMPANY | $1,640,000 | n/a | 0.3% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,035,000 | $1,520,000 | 46.9% | 0.3% |
| First Federal Bank | $575,000 | $1,495,000 | 160.0% | 0.3% |
| USAA Federal Savings Bank | $1,950,000 | $1,395,000 | -28.5% | 0.2% |
| Truliant Federal Credit Union | $610,000 | $1,380,000 | 126.2% | 0.2% |
| FINANCE OF AMERICA MORTGAGE LLC | $675,000 | $1,345,000 | 99.3% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $245,000 | $1,325,000 | 440.8% | 0.2% |
| Carrington Mortgage Services, LLC | $220,000 | $1,300,000 | 490.9% | 0.2% |
| Regions Bank | $780,000 | $1,280,000 | 64.1% | 0.2% |
| American National Bank and Trust Company | $1,255,000 | n/a | 0.2% | |
| Carolina Farm Credit, ACA | $3,250,000 | $1,255,000 | -61.4% | 0.2% |
| MICHIGAN MUTUAL, INC. | $370,000 | $1,255,000 | 239.2% | 0.2% |
| AmeriHome Mortgage Company, LLC | $360,000 | $1,220,000 | 238.9% | 0.2% |
| TOWNE MORTGAGE COMPANY | $925,000 | $1,220,000 | 31.9% | 0.2% |
| U.S. Bank | $1,415,000 | $1,135,000 | -19.8% | 0.2% |
| Nations Lending Corporation | $655,000 | $1,105,000 | 68.7% | 0.2% |
| Mortgage Bank of California | $1,095,000 | n/a | 0.2% | |
| CHURCHILL MORTGAGE CORPORATION | $300,000 | $1,080,000 | 260.0% | 0.2% |
| LATINO COMMUNITY CREDIT UNION | $265,000 | $1,070,000 | 303.8% | 0.2% |
| InterContinental Capital Group, Inc | $635,000 | $1,065,000 | 67.7% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,200,000 | $1,060,000 | -11.7% | 0.2% |
| The Federal Savings Bank | $1,065,000 | $1,060,000 | -0.5% | 0.2% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $1,040,000 | n/a | 0.2% | |
| LADERA LENDING, INC. | $1,010,000 | n/a | 0.2% | |
| CMG MORTGAGE, INC. | $665,000 | $1,005,000 | 51.1% | 0.2% |
| Allen Tate Mortgage Partners, LLC | $3,220,000 | $965,000 | -70.0% | 0.2% |
| PNC Bank | $1,060,000 | $955,000 | -9.9% | 0.2% |
| Bank of England | $515,000 | $940,000 | 82.5% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $715,000 | $910,000 | 27.3% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $1,105,000 | $895,000 | -19.0% | 0.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $625,000 | $890,000 | 42.4% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $375,000 | $855,000 | 128.0% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,730,000 | $840,000 | -51.4% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $795,000 | n/a | 0.1% | |
| RAPID MORTGAGE COMPANY | $595,000 | $795,000 | 33.6% | 0.1% |
| AMERIFIRST FINANCIAL CORPORATION | $805,000 | $755,000 | -6.2% | 0.1% |
| FOUNDERS FEDERAL CREDIT UNION | $520,000 | $745,000 | 43.3% | 0.1% |
| Hometown Lenders, Inc. | $800,000 | $730,000 | -8.8% | 0.1% |
| Blue Ridge Bank | $720,000 | n/a | 0.1% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $165,000 | $720,000 | 336.4% | 0.1% |
| Shamrock Home Loans, Inc. | $710,000 | n/a | 0.1% | |
| Low VA Rates, LLC | $315,000 | $705,000 | 123.8% | 0.1% |
| Colten Mortgage, LLC | $510,000 | $700,000 | 37.3% | 0.1% |
| Cf Bank | $305,000 | $690,000 | 126.2% | 0.1% |
| EVERETT FINANCIAL, INC. | $845,000 | $685,000 | -18.9% | 0.1% |
| The Fidelity Bank | $320,000 | $685,000 | 114.1% | 0.1% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $195,000 | $680,000 | 248.7% | 0.1% |
| AMERICAN FINANCING CORPORATION | $680,000 | n/a | 0.1% | |
| CHARLOTTE METRO FEDERAL CREDIT UNION | $360,000 | $675,000 | 87.5% | 0.1% |
| LIBERTY HOME MORTGAGE CORPORATION | $270,000 | $670,000 | 148.1% | 0.1% |
| HOMESTAR FINANCIAL CORPORATION | $105,000 | $665,000 | 533.3% | 0.1% |
| UNITED SECURITY FINANCIAL CORP | $665,000 | n/a | 0.1% | |
| AMERICAN INTERNET MORTGAGE, INC. | $275,000 | $660,000 | 140.0% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $650,000 | n/a | 0.1% | |
| UNION HOME MORTGAGE CORP. | $1,135,000 | $650,000 | -42.7% | 0.1% |
| FRANKLIN MINT | $625,000 | n/a | 0.1% | |
| Renasant Bank | $295,000 | $625,000 | 111.9% | 0.1% |
| RESOURCE FINANCIAL SERVICES, INC. | $395,000 | $625,000 | 58.2% | 0.1% |
| HAMILTON HOME LOANS, INC. | $370,000 | $600,000 | 62.2% | 0.1% |
| VILLAGE CAPITAL & INVESTMENT LLC | $2,005,000 | $600,000 | -70.1% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $830,000 | $590,000 | -28.9% | 0.1% |
| Citizens Bank | $2,445,000 | $590,000 | -75.9% | 0.1% |
| STEARNS LENDING, LLC | $590,000 | n/a | 0.1% | |
| First Palmetto Bank | $545,000 | n/a | 0.1% | |
| Gateway First Bank | $235,000 | $545,000 | 131.9% | 0.1% |
| EQUITY RESOURCES, INC. | $435,000 | $500,000 | 14.9% | 0.1% |
| Magnolia Bank | $450,000 | $490,000 | 8.9% | 0.1% |
| FINANCE OF AMERICA COMMERCIAL LLC | $485,000 | n/a | 0.1% | |
| GSF Mortgage Corporation | $485,000 | n/a | 0.1% | |
| TJC Mortgage, Inc. | $510,000 | $470,000 | -7.8% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $460,000 | n/a | 0.1% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $850,000 | $440,000 | -48.2% | 0.1% |
| COASTAL Federal Credit Union | $125,000 | $435,000 | 248.0% | 0.1% |
| CRESCENT MORTGAGE COMPANY | $435,000 | n/a | 0.1% | |
| PREMIER LENDING, INC. | $430,000 | n/a | 0.1% | |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $430,000 | n/a | 0.1% | |
| T2 FINANCIAL LLC | $410,000 | n/a | 0.1% | |
| First Internet Bank of Indiana | $175,000 | $405,000 | 131.4% | 0.1% |
| PANORAMA MORTGAGE GROUP, LLC | $405,000 | n/a | 0.1% | |
| Northpointe Bank | $805,000 | $400,000 | -50.3% | 0.1% |
| ZILLOW HOME LOANS, LLC | $295,000 | $400,000 | 35.6% | 0.1% |
| CORNING | $595,000 | $380,000 | -36.1% | 0.1% |
| GENEVA FINANCIAL, LLC | $165,000 | $380,000 | 130.3% | 0.1% |
| SUMMIT FUNDING, INC. | $3,045,000 | $375,000 | -87.7% | 0.1% |
| Austin Capital Bank SSB | $365,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $360,000 | n/a | 0.1% | |
| CONTOUR MORTGAGE CORPORATION | $390,000 | $350,000 | -10.3% | 0.1% |
| POLARIS HOME FUNDING CORP. | $265,000 | $350,000 | 32.1% | 0.1% |
| COMMUNITYAMERICA | $345,000 | n/a | 0.1% | |
| Strong Home Mortgage, LLC | $345,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $155,000 | $335,000 | 116.1% | 0.1% |
| SHELTER HOME MORTGAGE, LLC | $225,000 | $335,000 | 48.9% | 0.1% |
| First Mortgage Solutions, LLC | $325,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $810,000 | $320,000 | -60.5% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $320,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $315,000 | n/a | 0.1% | |
| RESIDENTIAL MORTGAGE SERVICES, INC. | $715,000 | $315,000 | -55.9% | 0.1% |
| THRIVE MORTGAGE, LLC | $315,000 | n/a | 0.1% | |
| Lend Smart Mortgage, LLC | $310,000 | n/a | 0.1% | |
| ANGEL OAK HOME LOANS LLC | $380,000 | $290,000 | -23.7% | 0.0% |
| JET HOMELOANS, LLC | $285,000 | n/a | 0.0% | |
| CIVIC FINANCIAL SERVICES, LLC | $280,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $590,000 | $275,000 | -53.4% | 0.0% |
| CELEBRITY HOME LOANS, LLC | $265,000 | n/a | 0.0% | |
| GUILD MORTGAGE COMPANY | $1,475,000 | $260,000 | -82.4% | 0.0% |
| SIGNATURE MORTGAGE CORPORATION | $400,000 | $260,000 | -35.0% | 0.0% |
| Directions Credit Union, Inc. | $255,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $255,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $255,000 | n/a | 0.0% | |
| BNC National Bank | $495,000 | $235,000 | -52.5% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $225,000 | $235,000 | 4.4% | 0.0% |
| United Community Bank | $250,000 | $235,000 | -6.0% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $230,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $225,000 | n/a | 0.0% | |
| Capital Bank | $215,000 | n/a | 0.0% | |
| Merchants Bank of Indiana | $215,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $215,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $65,000 | $215,000 | 230.8% | 0.0% |
| Evolve Bank & Trust | $210,000 | n/a | 0.0% | |
| CAROLINAS TELCO FEDERAL CREDIT UNION | $255,000 | $200,000 | -21.6% | 0.0% |
| EMBRACE HOME LOANS, INC. | $135,000 | $195,000 | 44.4% | 0.0% |
| Texana Bank | $195,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $195,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $405,000 | $190,000 | -53.1% | 0.0% |
| NP, Inc. | $185,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $980,000 | $175,000 | -82.1% | 0.0% |
| SELF-HELP Credit Union | $175,000 | n/a | 0.0% | |
| S&T Bank | $175,000 | n/a | 0.0% | |
| The Central Trust Bank | $175,000 | n/a | 0.0% | |
| Wolfe Financial, Inc | $750,000 | $175,000 | -76.7% | 0.0% |
| COUNTRYPLACE MORTGAGE, LTD. | $165,000 | $165,000 | 0.0% | 0.0% |
| FAMILY FIRST FUNDING LLC | $155,000 | $165,000 | 6.5% | 0.0% |
| GMFS LLC | $165,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $165,000 | n/a | 0.0% | |
| LOANPAL, LLC | $315,000 | $165,000 | -47.6% | 0.0% |
| Paramount Residential Mortgage Group, Inc. | $310,000 | $165,000 | -46.8% | 0.0% |
| First Guaranty Mortgage Corporation | $295,000 | $160,000 | -45.8% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $155,000 | n/a | 0.0% | |
| Associated Credit Union | $155,000 | n/a | 0.0% | |
| FBC MORTGAGE, LLC | $155,000 | n/a | 0.0% | |
| GUARANTY HOME MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| Manufacturers and Traders Trust Company | $600,000 | $155,000 | -74.2% | 0.0% |
| C & F Mortgage Corporation | $115,000 | $145,000 | 26.1% | 0.0% |
| Figure Lending LLC | $145,000 | n/a | 0.0% | |
| Assurance Financial Group, L.L.C. | $175,000 | $135,000 | -22.9% | 0.0% |
| Hometown Equity Mortgage, LLC | $135,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $125,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $115,000 | $125,000 | 8.7% | 0.0% |
| ALLEGACY FEDERAL CREDIT UNION | $1,780,000 | $120,000 | -93.3% | 0.0% |
| Ally Bank | $195,000 | $115,000 | -41.0% | 0.0% |
| Corporate Investors Mortgage Group, Inc. | $115,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $170,000 | $115,000 | -32.4% | 0.0% |
| Southern Bank and Trust Company | $225,000 | $115,000 | -48.9% | 0.0% |
| Citibank | $85,000 | n/a | 0.0% | |
| Liberty Savings Bank, F.S.B. | $85,000 | n/a | 0.0% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $85,000 | n/a | 0.0% | |
| NBKC BANK | $600,000 | $85,000 | -85.8% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $85,000 | n/a | 0.0% | |
| United Bank | $85,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $395,000 | $75,000 | -81.0% | 0.0% |
| Discover Bank | $180,000 | $70,000 | -61.1% | 0.0% |
| SPRING EQ, LLC | $60,000 | $35,000 | -41.7% | 0.0% |
| The Park National Bank | $35,000 | n/a | 0.0% |
Albemarle's top lender by overall market share is STATE EMPLOYEES', with 18.2% market share. In second place, with 10.3%, is Uwharrie Bank, having originated $60,320,000 in loans. In third place, with 7.7%, is QUICKEN LOANS, LLC, having originated $45,120,000 in loans. In fourth place, with 5.7%, is MOVEMENT MORTGAGE, LLC, having originated $33,545,000 in loans. In fifth place, with 3.6%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $21,155,000 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%) | $352,910 (-8.9%) | 0.00 | 90 |
| 2021-12-01 | $258,675 (12.3%) | $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%) | $360,019 (-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%) | $390,417 (-7.8%) | 0.00 | 71 |
| 2022-05-01 | $347,450 (26.6%) | $442,774 (5.2%) | 0.00 | 87 |
| 2022-06-01 | $346,150 (16.4%) | $423,554 (0.8%) | 0.00 | 96 |
| 2022-07-01 | $329,900 (10.0%) | $410,634 (-4.4%) | 0.00 | 127 |
| 2022-08-01 | $314,400 (16.5%) | $405,926 (5.0%) | 0.00 | 146 |
| 2022-09-01 | $299,595 (8.3%) | $365,245 (-3.2%) | 0.00 | 191 |
| 2022-10-01 | $320,000 (18.6%) | $389,523 (11.2%) | 0.00 | 204 |
| 2022-11-01 | $325,350 (25.1%) | $371,460 (5.3%) | 0.00 | 217 |
| 2022-12-01 | $299,950 (16.0%) | $348,402 (4.8%) | 0.00 | 195 |
| 2023-01-01 | $304,500 (-7.5%) | $349,353 (-4.4%) | 0.00 | 195 |
| 2023-02-01 | $330,750 (5.9%) | $402,676 (11.9%) | 0.00 | 169 |
Albemarle's median listing price for 2023-02-01 was $330,750, a difference of
$18,325
(5.9%) versus the prior year and
$26,250 versus the prior month.
Albemarle's median listing price comes in at 0% of the national average.
Albemarle's average listing price for 2023-02-01 was $402,676, a difference of $42,657 (11.9%) versus the prior year and $53,323 versus the prior month.
For the 2023-02-01 period, Albemarle had 169 MLS listings, a difference of -26 listings (-13%) versus the prior month and 107 listings (173%) versus the prior year.
Albemarle's median listing price comes in at 0% of the national average.
Albemarle's average listing price for 2023-02-01 was $402,676, a difference of $42,657 (11.9%) versus the prior year and $53,323 versus the prior month.
For the 2023-02-01 period, Albemarle had 169 MLS listings, a difference of -26 listings (-13%) versus the prior month and 107 listings (173%) 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 | 1,966 sqft |
| 2018-02-01 | 0 days | 1,979 sqft |
| 2018-03-01 | 0 days | 1,969 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 | 1,876 sqft |
| 2020-03-01 | 0 days | 1,842 sqft |
| 2020-04-01 | 0 days | 1,824 sqft |
| 2020-05-01 | 0 days | 1,880 sqft |
| 2020-06-01 | 0 days | 1,852 sqft |
| 2020-07-01 | 0 days | 1,929 sqft |
| 2020-08-01 | 0 days | 1,896 sqft |
| 2020-09-01 | 0 days | 1,799 sqft |
| 2020-10-01 | 0 days | 1,955 sqft |
| 2020-11-01 | 0 days | 1,841 sqft |
| 2020-12-01 | 0 days | 1,759 sqft |
| 2021-01-01 | 0 days | 1,800 sqft |
| 2021-02-01 | 0 days | 1,691 sqft |
| 2021-03-01 | 0 days | 1,707 sqft |
| 2021-04-01 | 0 days | 1,716 sqft |
| 2021-05-01 | 0 days | 1,813 sqft |
| 2021-06-01 | 0 days | 1,773 sqft |
| 2021-07-01 | 0 days | 1,774 sqft |
| 2021-08-01 | 0 days | 1,641 sqft |
| 2021-09-01 | 0 days | 1,704 sqft |
| 2021-10-01 | 0 days | 1,720 sqft |
| 2021-11-01 | 0 days | 1,690 sqft |
| 2021-12-01 | 0 days | 1,590 sqft |
| 2022-01-01 | 0 days | 1,757 sqft |
| 2022-02-01 | 0 days | 1,715 sqft |
| 2022-03-01 | 0 days | 1,676 sqft |
| 2022-04-01 | 0 days | 1,646 sqft |
| 2022-05-01 | 0 days | 1,785 sqft |
| 2022-06-01 | 0 days | 1,706 sqft |
| 2022-07-01 | 0 days | 1,663 sqft |
| 2022-08-01 | 0 days | 1,612 sqft |
| 2022-09-01 | 0 days | 1,589 sqft |
| 2022-10-01 | 0 days | 1,676 sqft |
| 2022-11-01 | 0 days | 1,630 sqft |
| 2022-12-01 | 0 days | 1,548 sqft |
| 2023-01-01 | 0 days | 1,538 sqft |
| 2023-02-01 | 0 days | 1,653 sqft |
Albemarle's median listing age (time on market) for 2023-02-01 was 0 days.
Albemarle's median square footage for active listings during the 2023-02-01 period was 1,653 sqft. One year prior, the average listing was 1,715 sqft.
Albemarle's median square footage for active listings during the 2023-02-01 period was 1,653 sqft. One year prior, the average listing was 1,715 sqft.
Albemarle, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,258 | $279,560,000 | $222,226 |
| Refi | 1,096 | $199,720,000 | $182,226 |
| Cash Out Refi | 440 | $83,280,000 | $189,273 |
| Other | 149 | $11,145,000 | $74,799 |
| Home Improvement | 89 | $13,445,000 | $151,067 |
Albemarle's most frequently cited loan purpose was Home Purchase, with 1,258 originations. The 2nd most popular reason was Refi, with 1,096 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,324 | $271,200,000 | $204,834 |
| 2.5-3% | 1,176 | $219,950,000 | $187,032 |
| <2.5% | 324 | $66,240,000 | $204,444 |
| 4-5% | 125 | $22,345,000 | $178,760 |
| Over 8% | 29 | $2,725,000 | $93,966 |
| 5-6% | 22 | $3,690,000 | $167,727 |
| 6-7% | 5 | $265,000 | $53,000 |
| 7-8% | 2 | $110,000 | $55,000 |
During 2021, Albemarle's most frequently originated rate bucket was 3-4%, with 1,324 originations.
Loan Sizing (Albemarle, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,312 | $198,120,000 | $151,006 |
| $200k-400k | 1,066 | $281,520,000 | $264,090 |
| $100,000 or less | 526 | $32,930,000 | $62,605 |
| $400k-600k | 102 | $46,450,000 | $455,392 |
| $600k-1000k | 19 | $13,955,000 | $734,474 |
| $Over $1MM | 7 | $14,175,000 | $2,025,000 |
Albemarle's loan sizing saw the bucket of loans from $100k-200k with 1,312 originations, totaling $198,120,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,197 | $269,485,000 | $225,134 |
| 60-80% | 895 | $196,205,000 | $219,223 |
| 40-60% | 446 | $68,500,000 | $153,587 |
| 20-40% | 206 | $19,880,000 | $96,505 |
| Under 20% | 147 | $5,105,000 | $34,728 |
| Over 100% | 53 | $12,245,000 | $231,038 |
Albemarle's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,197 originations, totaling $269,485,000 in origination value.