ALTOONA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Altoona averaged
6.69%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.52% and
one month ago for the week of 2024-10-03, the
average rate was 6.22%.
Altoona's average rate one year ago was 7.56%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.39%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Altoona 30 Year Fixed Rate | 2024-11-07 | 6.69% |
| Altoona 30 Year Fixed Rate Refi | 2024-11-07 | 7.39% |
| Altoona 15 Year Fixed Rate | 2024-11-07 | 6% |
| Altoona 15 Year Fixed Rate Refi | 2024-11-07 | 6.4% |
| Altoona 30 Year FHA | 2024-11-07 | 6.45% |
| Altoona 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Altoona 30 Year USDA | 2024-11-07 | 6.38% |
| Altoona 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Altoona 30 Year VA | 2024-11-07 | 6.52% |
| Altoona 30 Year VA Refi | 2024-11-07 | 6.24% |
ALTOONA 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 ALTOONA, PA 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.).
ALTOONA Average Closing Costs & Other Stats
ALTOONA, PA's 73 lenders originated 2,007
loans during 2023. The total origination value was $248,585,000, with an average loan value of
$123,859.
ALTOONA's average closing costs are $4,872.
The top ALTOONA lender as defined by loan originations is Flagstar Bank, FSB, with
50 loans originated. Their average total fees are
$4,603, which is $114
higher than the next largest lender,
EQUITY RESOURCES, INC..
The lowest fee ALTOONA lenders (with over 10 loans originated) are
PENNSYLVANIA STATE EMPLOYEES Credit Union ($2,442), S&T Bank ($3,478), Reliance Savings Bank ($3,784), Jersey Shore State Bank ($4,087) and AmeriHome Mortgage Company, LLC ($4,348).
The lowest rate ALTOONA lenders (with over 10 loans originated) are
S&T Bank (6.18%), Citizens Bank (6.23%), PENNSYLVANIA STATE EMPLOYEES Credit Union (6.26%), Jersey Shore State Bank (6.37%) and AmeriHome Mortgage Company, LLC (6.39%).
ALTOONA, PA 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Reliance Savings Bank | $37,130,000 | $21,150,000 | -43.0% | 8.5% |
| Flagstar Bank, FSB | $26,185,000 | $16,725,000 | -36.1% | 6.7% |
| Citizens Bank | $20,980,000 | $15,095,000 | -28.1% | 6.1% |
| First National Bank of Pennsylvania | $30,670,000 | $14,890,000 | -51.5% | 6.0% |
| First Commonwealth Bank | $22,495,000 | $13,420,000 | -40.3% | 5.4% |
| EQUITY RESOURCES, INC. | $13,055,000 | $12,845,000 | -1.6% | 5.2% |
| S&T Bank | $9,145,000 | $12,500,000 | 36.7% | 5.0% |
| Altoona First Savings Bank | $15,705,000 | $12,010,000 | -23.5% | 4.8% |
| QUICKEN LOANS, LLC | $22,955,000 | $10,655,000 | -53.6% | 4.3% |
| Jersey Shore State Bank | $15,340,000 | $9,795,000 | -36.1% | 3.9% |
| M&T Bank | $51,180,000 | $7,845,000 | -84.7% | 3.2% |
| PENNSYLVANIA STATE EMPLOYEES Credit Union | $6,580,000 | $5,945,000 | -9.7% | 2.4% |
| NORWICH COMMERCIAL GROUP, INC. | $8,040,000 | $5,755,000 | -28.4% | 2.3% |
| PennCrest Bank | $8,275,000 | $4,820,000 | -41.8% | 1.9% |
| INVESTMENT SAVINGS BANK | $10,195,000 | $4,690,000 | -54.0% | 1.9% |
| ARC HOME LLC | $6,600,000 | $4,550,000 | -31.1% | 1.8% |
| Mortgage Research Center, LLC | $7,810,000 | $4,075,000 | -47.8% | 1.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,405,000 | $3,960,000 | 64.7% | 1.6% |
| AmeriHome Mortgage Company, LLC | $1,020,000 | $3,830,000 | 275.5% | 1.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $735,000 | $3,795,000 | 416.3% | 1.5% |
| ARC Federal Credit Union | $9,450,000 | $3,550,000 | -62.4% | 1.4% |
| Kish Bank | $1,560,000 | $3,065,000 | 96.5% | 1.2% |
| Hometown Bank of Pennsylvania | $4,895,000 | $2,855,000 | -41.7% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $1,415,000 | $2,150,000 | 51.9% | 0.9% |
| UNION HOME MORTGAGE CORP. | $3,445,000 | $1,965,000 | -43.0% | 0.8% |
| CNB Bank | $6,750,000 | $1,805,000 | -73.3% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $2,540,000 | $1,765,000 | -30.5% | 0.7% |
| SOMERSET TRUST COMPANY | $170,000 | $1,595,000 | 838.2% | 0.6% |
| PNC Bank | $955,000 | $1,480,000 | 55.0% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $2,760,000 | $1,465,000 | -46.9% | 0.6% |
| EMM LOANS LLC | $1,925,000 | $1,350,000 | -29.9% | 0.5% |
| AmeriServ Financial Bank | $1,860,000 | $1,310,000 | -29.6% | 0.5% |
| Blair County FCU | $1,295,000 | n/a | 0.5% | |
| NEW DAY FINANCIAL, LLC | $1,280,000 | $1,225,000 | -4.3% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,540,000 | $1,170,000 | -53.9% | 0.5% |
| Wells Fargo Bank | $3,280,000 | $1,100,000 | -66.5% | 0.4% |
| NEWREZ LLC | $815,000 | $1,090,000 | 33.7% | 0.4% |
| 1st Summit Bank | $5,715,000 | $995,000 | -82.6% | 0.4% |
| USAA Federal Savings Bank | $765,000 | $895,000 | 17.0% | 0.4% |
| Carrington Mortgage Services, LLC | $445,000 | $885,000 | 98.9% | 0.4% |
| GUILD MORTGAGE COMPANY | $875,000 | n/a | 0.4% | |
| Community State Bank of Orbisonia | $640,000 | $805,000 | 25.8% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,145,000 | $725,000 | -36.7% | 0.3% |
| LOANDEPOT.COM, LLC | $980,000 | $715,000 | -27.0% | 0.3% |
| MidAtlantic Farm Credit, ACA | $1,450,000 | $685,000 | -52.8% | 0.3% |
| UIF CORPORATION | $665,000 | n/a | 0.3% | |
| Northwest Bank | $490,000 | $625,000 | 27.6% | 0.3% |
| KeyBank | $615,000 | n/a | 0.2% | |
| The Huntington National Bank | $65,000 | $615,000 | 846.2% | 0.2% |
| U.S. Bank | $3,625,000 | $615,000 | -83.0% | 0.2% |
| BROKER SOLUTIONS, INC. | $365,000 | $600,000 | 64.4% | 0.2% |
| MEMBERS 1ST FEDERAL CREDIT UNION | $115,000 | $580,000 | 404.3% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,835,000 | $530,000 | -71.1% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $4,265,000 | $495,000 | -88.4% | 0.2% |
| TD Bank | $540,000 | $485,000 | -10.2% | 0.2% |
| UTILITIES EMPLOYEES CREDIT UNION | $275,000 | $485,000 | 76.4% | 0.2% |
| Equity Prime Mortgage LLC | $210,000 | $465,000 | 121.4% | 0.2% |
| Fulton Bank | $150,000 | $460,000 | 206.7% | 0.2% |
| Princeton Mortgage Corporation | $520,000 | $450,000 | -13.5% | 0.2% |
| TIDEWATER MORTGAGE SERVICES, INC. | $430,000 | n/a | 0.2% | |
| AMERICAN FINANCING CORPORATION | $355,000 | $420,000 | 18.3% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $420,000 | n/a | 0.2% | |
| Century Mortgage Company DBA Century Lending Company | $505,000 | $370,000 | -26.7% | 0.1% |
| The Loan Store, Inc. | $370,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $475,000 | $345,000 | -27.4% | 0.1% |
| EVERETT FINANCIAL, INC. | $340,000 | n/a | 0.1% | |
| STOCKTON MORTGAGE CORPORATION | $340,000 | n/a | 0.1% | |
| Mr. Cooper ( Nationstar Mortgage ) | $2,425,000 | $335,000 | -86.2% | 0.1% |
| Slovenian Savings & Loan Association of Franklin-Conemaugh | $330,000 | n/a | 0.1% | |
| Discover Bank | $160,000 | $325,000 | 103.1% | 0.1% |
| Mid Penn Bank | $160,000 | $325,000 | 103.1% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $365,000 | $310,000 | -15.1% | 0.1% |
| CMG MORTGAGE, INC. | $300,000 | n/a | 0.1% | |
| AMERICAN HERITAGE LENDING, INC. | $115,000 | $295,000 | 156.5% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $165,000 | $285,000 | 72.7% | 0.1% |
| GSF Mortgage Corporation | $285,000 | n/a | 0.1% | |
| Peoples Security Bank and Trust Company | $285,000 | n/a | 0.1% | |
| AMWEST FUNDING CORP. | $325,000 | $280,000 | -13.8% | 0.1% |
| GUARANTEED RATE, INC. | $480,000 | $280,000 | -41.7% | 0.1% |
| NFM, INC. | $275,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $160,000 | $270,000 | 68.8% | 0.1% |
| CARDINAL FINANCIAL | $630,000 | $265,000 | -57.9% | 0.1% |
| InFirst Bank | $255,000 | n/a | 0.1% | |
| Atlantic Coast Mortgage, LLC | $250,000 | n/a | 0.1% | |
| Coastal Community Bank | $245,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $370,000 | $245,000 | -33.8% | 0.1% |
| First Federal Bank | $345,000 | $235,000 | -31.9% | 0.1% |
| FRANKLIN MINT | $225,000 | n/a | 0.1% | |
| Clearview Federal Credit Union | $120,000 | $200,000 | 66.7% | 0.1% |
| Stifel Bank and Trust | $145,000 | $195,000 | 34.5% | 0.1% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $175,000 | n/a | 0.1% | |
| OCEANSIDE MORTGAGE COMPANY | $175,000 | n/a | 0.1% | |
| TOWN AND COUNTRY Credit Union | $175,000 | n/a | 0.1% | |
| Bank of America | $820,000 | $165,000 | -79.9% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $145,000 | $165,000 | 13.8% | 0.1% |
| Kearny Bank | $165,000 | n/a | 0.1% | |
| Truist | $265,000 | $160,000 | -39.6% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $155,000 | n/a | 0.1% | |
| Fifth Third Bank | $95,000 | $155,000 | 63.2% | 0.1% |
| Univest Bank and Trust Co. | $155,000 | n/a | 0.1% | |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $145,000 | $145,000 | 0.0% | 0.1% |
| Bank of Bird-in-Hand | $135,000 | n/a | 0.1% | |
| Dollar Bank, Federal Savings Bank | $45,000 | $135,000 | 200.0% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $135,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $125,000 | n/a | 0.1% | |
| LOANPAL, LLC | $235,000 | $125,000 | -46.8% | 0.1% |
| Peoples Bank | $125,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $125,000 | n/a | 0.1% | |
| First Savings Bank | $145,000 | $115,000 | -20.7% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $95,000 | $115,000 | 21.1% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $250,000 | $110,000 | -56.0% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $105,000 | n/a | 0.0% | |
| Northpointe Bank | $540,000 | $105,000 | -80.6% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $105,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $105,000 | n/a | 0.0% | |
| FIRST HERITAGE FINANCIAL, LLC | $755,000 | $95,000 | -87.4% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $95,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $115,000 | $85,000 | -26.1% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $85,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $85,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $370,000 | $85,000 | -77.0% | 0.0% |
| Northwest Federal Credit Union | $85,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $295,000 | $85,000 | -71.2% | 0.0% |
| Figure Lending LLC | $90,000 | $80,000 | -11.1% | 0.0% |
| Ally Bank | $265,000 | $75,000 | -71.7% | 0.0% |
| PATRIOT | $75,000 | n/a | 0.0% | |
| FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
| JPMorgan Chase Bank | $1,235,000 | $65,000 | -94.7% | 0.0% |
| American Airlines Federal Credit Union | $55,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $55,000 | n/a | 0.0% | |
| CORNING | $55,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $105,000 | $55,000 | -47.6% | 0.0% |
| GEORGIA'S OWN | $55,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $45,000 | $45,000 | 0.0% | 0.0% |
| Lakeview Community Capital, LLC | $45,000 | $25,000 | -44.4% | 0.0% |
ALTOONA's top lender by overall market share is Reliance Savings Bank, with 8.5% market share. In second place, with 6.7%, is Flagstar Bank, FSB, having originated $16,725,000 in loans. In third place, with 6.1%, is Citizens Bank, having originated $15,095,000 in loans. In fourth place, with 6.0%, is First National Bank of Pennsylvania, having originated $14,890,000 in loans. In fifth place, with 5.4%, is First Commonwealth Bank, having originated $13,420,000 in loans.
ALTOONA, PA Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 15946 | Altoona, PA MSA | $630 | $640 | $820 | $1,050 | $1,190 |
| 16601 | Altoona, PA MSA | $590 | $730 | $880 | $1,070 | $1,190 |
| 16602 | Altoona, PA MSA | $640 | $780 | $950 | $1,160 | $1,290 |
| 16603 | Altoona, PA MSA | $620 | $760 | $920 | $1,120 | $1,250 |
| 16611 | Altoona, PA MSA | $620 | $760 | $920 | $1,120 | $1,250 |
| 16613 | Altoona, PA MSA | $640 | $640 | $820 | $1,050 | $1,200 |
| 16617 | Altoona, PA MSA | $620 | $760 | $920 | $1,120 | $1,250 |
| 16625 | Altoona, PA MSA | $620 | $770 | $930 | $1,130 | $1,260 |
| 16629 | Altoona, PA MSA | $640 | $640 | $820 | $1,060 | $1,200 |
| 16631 | Altoona, PA MSA | $650 | $800 | $970 | $1,180 | $1,320 |
| 16635 | Altoona, PA MSA | $700 | $860 | $1,040 | $1,270 | $1,410 |
| 16636 | Altoona, PA MSA | $910 | $950 | $1,200 | $1,530 | $1,730 |
| 16637 | Altoona, PA MSA | $650 | $800 | $970 | $1,180 | $1,320 |
| 16641 | Altoona, PA MSA | $670 | $690 | $880 | $1,130 | $1,280 |
| 16648 | Altoona, PA MSA | $600 | $730 | $890 | $1,080 | $1,210 |
| 16655 | Altoona, PA MSA | $600 | $740 | $900 | $1,100 | $1,220 |
| 16662 | Altoona, PA MSA | $650 | $800 | $970 | $1,180 | $1,320 |
| 16665 | Altoona, PA MSA | $610 | $750 | $910 | $1,110 | $1,230 |
| 16673 | Altoona, PA MSA | $720 | $890 | $1,080 | $1,310 | $1,460 |
| 16682 | Altoona, PA MSA | $620 | $770 | $930 | $1,130 | $1,260 |
| 16684 | Altoona, PA MSA | $620 | $760 | $920 | $1,120 | $1,250 |
| 16686 | Altoona, PA MSA | $940 | $950 | $1,100 | $1,400 | $1,480 |
| 16693 | Altoona, PA MSA | $550 | $680 | $820 | $1,000 | $1,110 |
| 16870 | Altoona, PA MSA | $940 | $950 | $1,100 | $1,400 | $1,480 |
2022 Average & Median Rent Data Statistics
ALTOONA, PA average 1BR rent: $775, median: $760
ALTOONA, PA average 2BR rent: $944, median: $920
ALTOONA, PA average 3BR rent: $1,167, median: $1,125
ALTOONA, PA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,014 | $168,060,000 | $165,740 |
| Home Improvement | 365 | $23,335,000 | $63,932 |
| Refi | 251 | $26,135,000 | $104,124 |
| Other | 238 | $14,370,000 | $60,378 |
| Cash Out Refi | 139 | $16,685,000 | $120,036 |
Altoona's most frequently cited loan purpose was Home Purchase, with 1,014 originations. The 2nd most popular reason was Home Improvement, with 365 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 743 | $102,375,000 | $137,786 |
| 5-6% | 378 | $50,640,000 | $133,968 |
| 7-8% | 352 | $46,980,000 | $133,466 |
| Over 8% | 189 | $14,205,000 | $75,159 |
| 4-5% | 45 | $4,075,000 | $90,556 |
| 3-4% | 31 | $2,175,000 | $70,161 |
| <2.5% | 21 | $1,395,000 | $66,429 |
| 2.5-3% | 6 | $950,000 | $158,333 |
During 2023, Altoona's most frequently originated rate bucket was 6-7%, with 743 originations.
Loan Sizing (ALTOONA, PA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,000 | $52,950,000 | $52,950 |
| $100k-200k | 717 | $101,795,000 | $141,974 |
| $200k-400k | 247 | $64,455,000 | $260,951 |
| $400k-600k | 30 | $13,910,000 | $463,667 |
| $600k-1000k | 10 | $6,960,000 | $696,000 |
| $Over $1MM | 3 | $8,515,000 | $2,838,333 |
ALTOONA's loan sizing saw the bucket of loans from $100,000 or less with 1,000 originations, totaling $52,950,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 691 | $123,885,000 | $179,284 |
| 60-80% | 344 | $51,030,000 | $148,343 |
| Under 20% | 288 | $9,850,000 | $34,201 |
| 20-40% | 276 | $19,270,000 | $69,819 |
| 40-60% | 156 | $16,400,000 | $105,128 |
| Over 100% | 11 | $2,175,000 | $197,727 |
ALTOONA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 691 originations, totaling $123,885,000 in origination value.