Altus Mortgage Rates
30 Year Fixed Rate mortgages in Altus averaged
6.29%
for the week of 2022-06-23, compared to the national average of
5.81% for the same period.
The average rate for the prior week (2022-06-16) was
6.06% and
one month ago for the week of 2022-05-19, the
average rate was 5.73%.
Altus's average rate one year ago was 3.44%.
For refis of the same type during the week of 2022-06-23, the average rate
was 5.73%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-23 | 5.81% |
Altus 30 Year Fixed Rate | 2022-06-23 | 6.29% |
Altus 30 Year Fixed Rate Refi | 2022-06-23 | 5.73% |
Altus 15 Year Fixed Rate | 2022-06-23 | 6.17% |
Altus 15 Year Fixed Rate Refi | 2022-06-23 | 5.5% |
Altus 30 Year FHA | 2022-06-23 | 0.21% |
Altus 30 Year FHA Refi | 2022-06-23 | -0.05% |
Altus 30 Year USDA | 2022-06-23 | -0.05% |
Altus 30 Year USDA Refi | 2022-06-23 | 0.39% |
Altus 30 Year VA | 2022-06-23 | 0.34% |
Altus 30 Year VA Refi | 2022-06-23 | 0.11% |
Altus Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Altus, OK 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.).
Altus, OK's 51 lenders originated 622
loans during 2021. The total origination value was $108,800,000, with an average loan value of
$174,920.
The top Altus lender as defined by loan originations is INTERLINC MORTGAGE SERVICES, LLC, with
18 loans originated. Their average total fees are
$2,600, which is $2,588
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Altus lenders (with over 10 loans originated) are
INTERLINC MORTGAGE SERVICES, LLC ($2,600), Gateway First Bank ($2,986), Chickasaw Community Bank ($3,747), QUICKEN LOANS, LLC ($5,189) and .
The lowest rate Altus lenders (with over 10 loans originated) are
Gateway First Bank (2.97%), Chickasaw Community Bank (3.13%), QUICKEN LOANS, LLC (3.16%), INTERLINC MORTGAGE SERVICES, LLC (3.17%) and .
Altus, OK Lender 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 |
---|---|---|---|---|
Chickasaw Community Bank | $10,425,000 | $11,820,000 | 13.4% | 10.9% |
Mortgage Research Center, LLC | $6,925,000 | $9,860,000 | 42.4% | 9.1% |
INTERLINC MORTGAGE SERVICES, LLC | $10,750,000 | $8,425,000 | -21.6% | 7.7% |
QUICKEN LOANS, LLC | $8,210,000 | $8,190,000 | -0.2% | 7.5% |
USAA Federal Savings Bank | $5,095,000 | $5,660,000 | 11.1% | 5.2% |
FREEDOM MORTGAGE CORPORATION | $5,450,000 | $5,595,000 | 2.7% | 5.1% |
RED RIVER FEDERAL CREDIT UNION | $3,145,000 | $5,370,000 | 70.7% | 4.9% |
Gateway First Bank | $2,875,000 | $4,665,000 | 62.3% | 4.3% |
MID AMERICA MORTGAGE, INC. | $5,095,000 | $4,210,000 | -17.4% | 3.9% |
Atlantic Coast Mortgage, LLC | $1,285,000 | $2,705,000 | 110.5% | 2.5% |
PENNYMAC LOAN SERVICES, LLC | $1,020,000 | $2,510,000 | 146.1% | 2.3% |
Wells Fargo Bank | $1,460,000 | $1,640,000 | 12.3% | 1.5% |
NBKC BANK | $1,055,000 | $1,540,000 | 46.0% | 1.4% |
GUARANTEED RATE, INC. | $1,185,000 | $1,515,000 | 27.8% | 1.4% |
F & M Bank | $495,000 | $1,470,000 | 197.0% | 1.4% |
Armed Forces Bank | $360,000 | $1,385,000 | 284.7% | 1.3% |
NAVY FEDERAL CREDIT UNION | $290,000 | $1,270,000 | 337.9% | 1.2% |
Mr. Cooper ( Nationstar Mortgage ) | $430,000 | $1,235,000 | 187.2% | 1.1% |
BNC National Bank | $1,220,000 | n/a | 1.1% | |
BancFirst | $1,725,000 | $1,080,000 | -37.4% | 1.0% |
HOME POINT FINANCIAL CORPORATION | $265,000 | $990,000 | 273.6% | 0.9% |
North American Savings Bank, F.S.B. | $325,000 | $970,000 | 198.5% | 0.9% |
NEW DAY FINANCIAL, LLC | $1,140,000 | $960,000 | -15.8% | 0.9% |
KS StateBank | $530,000 | $940,000 | 77.4% | 0.9% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $370,000 | $830,000 | 124.3% | 0.8% |
Southside Bank | $805,000 | n/a | 0.7% | |
BOKF | $650,000 | $780,000 | 20.0% | 0.7% |
Herring Bank | $875,000 | $710,000 | -18.9% | 0.7% |
Arvest Bank | $140,000 | $665,000 | 375.0% | 0.6% |
CORNERSTONE HOME LENDING, INC. | $715,000 | $640,000 | -10.5% | 0.6% |
AMERISAVE MORTGAGE CORPORATION | $230,000 | $610,000 | 165.2% | 0.6% |
Hometown Lenders, Inc. | $610,000 | n/a | 0.6% | |
Low VA Rates, LLC | $610,000 | n/a | 0.6% | |
UNION HOME MORTGAGE CORP. | $570,000 | n/a | 0.5% | |
LAKEVIEW LOAN SERVICING, LLC | $400,000 | $565,000 | 41.3% | 0.5% |
MidFirst Bank | $3,400,000 | $565,000 | -83.4% | 0.5% |
AMERICAN FINANCIAL NETWORK, INC. | $175,000 | $555,000 | 217.1% | 0.5% |
NEWREZ LLC | $550,000 | n/a | 0.5% | |
Bank of America | $280,000 | $540,000 | 92.9% | 0.5% |
BETTER MORTGAGE CORPORATION | $460,000 | $540,000 | 17.4% | 0.5% |
DELMAR FINANCIAL COMPANY | $540,000 | n/a | 0.5% | |
First United Bank and Trust Company | $820,000 | $480,000 | -41.5% | 0.4% |
Great Plains National Bank | $880,000 | $420,000 | -52.3% | 0.4% |
ASSOCIATED MORTGAGE CORPORATION | $400,000 | n/a | 0.4% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $370,000 | n/a | 0.3% | |
The Federal Savings Bank | $245,000 | $370,000 | 51.0% | 0.3% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $365,000 | n/a | 0.3% | |
JPMorgan Chase Bank | $45,000 | $360,000 | 700.0% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $380,000 | $350,000 | -7.9% | 0.3% |
ON Q FINANCIAL, INC. | $330,000 | n/a | 0.3% | |
UNITED WHOLESALE MORTGAGE, LLC | $670,000 | $330,000 | -50.7% | 0.3% |
LOANDEPOT.COM, LLC | $965,000 | $320,000 | -66.8% | 0.3% |
21ST MORTGAGE CORPORATION | $315,000 | n/a | 0.3% | |
SOUTHWEST STAGE FUNDING, LLC | $310,000 | n/a | 0.3% | |
Tinker Federal Credit Union | $55,000 | $290,000 | 427.3% | 0.3% |
Fidelity Bank | $275,000 | n/a | 0.3% | |
InterContinental Capital Group, Inc | $275,000 | n/a | 0.3% | |
Watermark Capital, Inc. | $275,000 | n/a | 0.3% | |
Plains Commerce Bank | $155,000 | $265,000 | 71.0% | 0.2% |
Carrollton Bank | $255,000 | n/a | 0.2% | |
PLANET HOME LENDING, LLC | $255,000 | n/a | 0.2% | |
Citizens Bank | $245,000 | n/a | 0.2% | |
Nations Lending Corporation | $240,000 | n/a | 0.2% | |
U.S. Bank | $255,000 | $235,000 | -7.8% | 0.2% |
VILLAGE CAPITAL & INVESTMENT LLC | $230,000 | n/a | 0.2% | |
Flagstar Bank, FSB | $175,000 | $225,000 | 28.6% | 0.2% |
MOVEMENT MORTGAGE, LLC | $225,000 | $215,000 | -4.4% | 0.2% |
First Guaranty Mortgage Corporation | $145,000 | $205,000 | 41.4% | 0.2% |
FORT SILL | $205,000 | n/a | 0.2% | |
MEMBER FIRST MORTGAGE, LLC | $205,000 | n/a | 0.2% | |
Stride Bank | $205,000 | n/a | 0.2% | |
PENTAGON FEDERAL CREDIT UNION | $200,000 | n/a | 0.2% | |
GSF Mortgage Corporation | $190,000 | n/a | 0.2% | |
Community First National Bank | $185,000 | n/a | 0.2% | |
First National Bank Texas | $175,000 | n/a | 0.2% | |
LIBERTY HOME MORTGAGE CORPORATION | $175,000 | n/a | 0.2% | |
Farmers Bank & Trust | $170,000 | n/a | 0.2% | |
Liberty National Bank | $165,000 | n/a | 0.2% | |
SOFI LENDING CORP. | $165,000 | n/a | 0.2% | |
First State Bank | $155,000 | n/a | 0.1% | |
WRIGHT-PATT CREDIT UNION, INC. | $155,000 | n/a | 0.1% | |
ASSEMBLIES OF GOD Credit Union | $145,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $400,000 | $145,000 | -63.8% | 0.1% |
AMERICAN FINANCING CORPORATION | $140,000 | n/a | 0.1% | |
COUNTRYPLACE MORTGAGE, LTD. | $135,000 | n/a | 0.1% | |
STEARNS LENDING, LLC | $135,000 | n/a | 0.1% | |
American Mortgage Bank, LLC | $125,000 | n/a | 0.1% | |
CALIBER HOME LOANS, INC. | $670,000 | $125,000 | -81.3% | 0.1% |
Manufacturers and Traders Trust Company | $125,000 | n/a | 0.1% | |
American Airlines Federal Credit Union | $115,000 | n/a | 0.1% | |
BROKER SOLUTIONS, INC. | $485,000 | $115,000 | -76.3% | 0.1% |
CHURCHILL MORTGAGE CORPORATION | $115,000 | n/a | 0.1% | |
Ixonia Bank | $115,000 | n/a | 0.1% | |
RCB Bank | $235,000 | $115,000 | -51.1% | 0.1% |
Academy Bank | $95,000 | n/a | 0.1% | |
First Liberty Bank | $95,000 | n/a | 0.1% | |
BAYSHORE MORTGAGE FUNDING, LLC | $85,000 | n/a | 0.1% | |
HEARTLAND CREDIT UNION | $85,000 | n/a | 0.1% | |
VALOR BANK | $80,000 | n/a | 0.1% | |
Carrington Mortgage Services, LLC | $515,000 | $75,000 | -85.4% | 0.1% |
All America Bank | $35,000 | $55,000 | 57.1% | 0.1% |
Sunflower Bank | $410,000 | $55,000 | -86.6% | 0.1% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $105,000 | $35,000 | -66.7% | 0.0% |
Citizens Bank of Kansas | $25,000 | n/a | 0.0% |
Altus's top lender by overall market share is Chickasaw Community Bank, with 10.9% market share. In second place, with 9.1%, is Mortgage Research Center, LLC, having originated $9,860,000 in loans. In third place, with 7.7%, is INTERLINC MORTGAGE SERVICES, LLC, having originated $8,425,000 in loans. In third place, with 7.5%, is QUICKEN LOANS, LLC, having originated $8,190,000 in loans. In third place, with 5.2%, is USAA Federal Savings Bank, having originated $5,660,000 in loans.
Altus, OK Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 374 | $68,160,000 | $182,246 |
Refi | 173 | $30,405,000 | $175,751 |
Cash Out Refi | 61 | $9,345,000 | $153,197 |
Home Improvement | 9 | $425,000 | $47,222 |
Other | 5 | $465,000 | $93,000 |
Altus's most frequently cited loan purpose was Home Purchase, with 374 originations. The 2nd most popular reason was Refi, with 173 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 258 | $48,280,000 | $187,132 |
3-4% | 199 | $33,335,000 | $167,513 |
<2.5% | 114 | $22,860,000 | $200,526 |
4-5% | 25 | $2,365,000 | $94,600 |
5-6% | 8 | $400,000 | $50,000 |
Over 8% | 2 | $130,000 | $65,000 |
6-7% | 1 | $125,000 | $125,000 |
7-8% | 1 | $5,000 | $5,000 |
During 2021, Altus's most frequently originated rate bucket was 2.5-3%, with 258 originations.
Loan Sizing (Altus, OK MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 261 | $38,825,000 | $148,755 |
$200k-400k | 218 | $57,670,000 | $264,541 |
$100,000 or less | 136 | $8,810,000 | $64,779 |
$400k-600k | 6 | $2,690,000 | $448,333 |
$600k-1000k | 1 | $805,000 | $805,000 |
Altus's loan sizing saw the bucket of loans from $100k-200k with 261 originations, totaling $38,825,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 345 | $64,455,000 | $186,826 |
60-80% | 114 | $17,700,000 | $155,263 |
Over 100% | 46 | $11,050,000 | $240,217 |
40-60% | 33 | $4,305,000 | $130,455 |
20-40% | 13 | $845,000 | $65,000 |
Under 20% | 10 | $280,000 | $28,000 |
Altus's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 345 originations, totaling $64,455,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Altus (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $120,000 (-11.7%) | $128,861 (-11.7%) | 0.00 | 137 |
2018-02-01 | $128,000 (-6.6%) | $131,911 (-9.0%) | 0.00 | 139 |
2018-03-01 | $130,000 (-8.4%) | $135,159 (-6.9%) | 0.00 | 142 |
2018-04-01 | $140,450 (0.3%) | $140,410 (-2.1%) | 0.00 | 170 |
2018-05-01 | $144,750 (5.5%) | $142,939 (-0.2%) | 0.00 | 189 |
2018-06-01 | $139,900 (-2.2%) | $141,110 (-2.4%) | 0.00 | 200 |
2018-07-01 | $139,450 (-2.1%) | $140,304 (-1.6%) | 0.00 | 208 |
2018-08-01 | $141,200 (0.0%) | $141,406 (-0.5%) | 0.00 | 218 |
2018-09-01 | $145,000 (6.2%) | $144,945 (4.7%) | 0.00 | 208 |
2018-10-01 | $147,700 (9.4%) | $151,932 (10.6%) | 0.00 | 207 |
2018-11-01 | $145,500 (21.3%) | $149,384 (13.7%) | 0.00 | 203 |
2018-12-01 | $142,000 (18.3%) | $145,954 (13.6%) | 0.00 | 203 |
2019-01-01 | $140,450 (17.0%) | $145,110 (12.6%) | 0.00 | 185 |
2019-02-01 | $138,000 (7.8%) | $143,923 (9.1%) | 0.00 | 177 |
2019-03-01 | $136,714 (5.2%) | $144,858 (7.2%) | 0.00 | 168 |
2019-04-01 | $135,000 (-3.9%) | $145,421 (3.6%) | 0.00 | 150 |
2019-05-01 | $130,950 (-9.5%) | $147,617 (3.3%) | 0.00 | 156 |
2019-06-01 | $137,900 (-1.4%) | $151,684 (7.5%) | 0.00 | 147 |
2019-07-01 | $137,350 (-1.5%) | $153,908 (9.7%) | 0.00 | 128 |
2019-08-01 | $135,429 (-4.1%) | $149,173 (5.5%) | 0.00 | 125 |
2019-09-01 | $132,429 (-8.7%) | $143,252 (-1.2%) | 0.00 | 124 |
2019-10-01 | $129,495 (-12.3%) | $140,247 (-7.7%) | 0.00 | 131 |
2019-11-01 | $124,900 (-14.2%) | $137,766 (-7.8%) | 0.00 | 118 |
2019-12-01 | $124,250 (-12.5%) | $139,048 (-4.7%) | 0.00 | 115 |
2020-01-01 | $115,000 (-18.1%) | $136,060 (-6.2%) | 0.00 | 114 |
2020-02-01 | $99,000 (-28.3%) | $126,895 (-11.8%) | 0.00 | 107 |
2020-03-01 | $120,000 (-12.2%) | $138,267 (-4.6%) | 0.00 | 100 |
2020-04-01 | $129,000 (-4.4%) | $140,677 (-3.3%) | 0.00 | 97 |
2020-05-01 | $134,900 (3.0%) | $148,674 (0.7%) | 0.00 | 89 |
2020-06-01 | $126,000 (-8.6%) | $142,423 (-6.1%) | 0.00 | 75 |
2020-07-01 | $127,250 (-7.4%) | $143,799 (-6.6%) | 0.00 | 65 |
2020-08-01 | $145,000 (7.1%) | $153,436 (2.9%) | 0.00 | 60 |
2020-09-01 | $147,250 (11.2%) | $151,656 (5.9%) | 0.00 | 64 |
2020-10-01 | $149,000 (15.1%) | $147,701 (5.3%) | 0.00 | 61 |
2020-11-01 | $115,000 (-7.9%) | $137,809 (0.0%) | 0.00 | 53 |
2020-12-01 | $130,750 (5.2%) | $146,503 (5.4%) | 0.00 | 48 |
2021-01-01 | $125,000 (8.7%) | $146,417 (7.6%) | 0.00 | 38 |
2021-02-01 | $99,750 (0.8%) | $130,096 (2.5%) | 0.00 | 42 |
2021-03-01 | $124,750 (4.0%) | $162,585 (17.6%) | 0.00 | 36 |
2021-04-01 | $119,950 (-7.0%) | $163,919 (16.5%) | 0.00 | 29 |
2021-05-01 | $137,900 (2.2%) | $202,721 (36.4%) | 0.00 | 32 |
2021-06-01 | $166,750 (32.3%) | $173,844 (22.1%) | 0.00 | 29 |
2021-07-01 | $139,900 (9.9%) | $158,827 (10.5%) | 0.00 | 24 |
2021-08-01 | $160,000 (10.3%) | $173,696 (13.2%) | 0.00 | 31 |
2021-09-01 | $148,000 (0.5%) | $163,538 (7.8%) | 0.00 | 31 |
2021-10-01 | $145,000 (-2.7%) | $160,727 (8.8%) | 0.00 | 39 |
2021-11-01 | $174,450 (51.7%) | $172,643 (25.3%) | 0.00 | 40 |
2021-12-01 | $179,950 (37.6%) | $169,781 (15.9%) | 0.00 | 35 |
2022-01-01 | $135,000 (8.0%) | $163,500 (11.7%) | 0.00 | 29 |
2022-02-01 | $144,500 (44.9%) | $164,313 (26.3%) | 0.00 | 25 |
2022-03-01 | $144,500 (15.8%) | $161,557 (-0.6%) | 0.00 | 20 |
2022-04-01 | $160,000 (33.4%) | $182,871 (11.6%) | 0.00 | 19 |
2022-05-01 | $160,000 (16.0%) | $169,005 (-16.6%) | 0.00 | 25 |
Altus's median listing price comes in at 0% of the national average.
Altus's average listing price for 2022-05-01 was $169,005, a difference of $-33,716 (-16.6%) versus the prior year and $-13,866 versus the prior month.
For the 2022-05-01 period, Altus had 25 MLS listings, a difference of 6 listings (32%) versus the prior month and -7 listings (-22%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Altus (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,617 sqft |
2018-02-01 | 0 days | 1,666 sqft |
2018-03-01 | 0 days | 1,688 sqft |
2018-04-01 | 0 days | 1,748 sqft |
2018-05-01 | 0 days | 1,779 sqft |
2018-06-01 | 0 days | 1,764 sqft |
2018-07-01 | 0 days | 1,756 sqft |
2018-08-01 | 0 days | 1,750 sqft |
2018-09-01 | 0 days | 1,794 sqft |
2018-10-01 | 0 days | 1,799 sqft |
2018-11-01 | 0 days | 1,794 sqft |
2018-12-01 | 0 days | 1,748 sqft |
2019-01-01 | 0 days | 1,754 sqft |
2019-02-01 | 0 days | 1,740 sqft |
2019-03-01 | 0 days | 1,731 sqft |
2019-04-01 | 0 days | 1,719 sqft |
2019-05-01 | 0 days | 1,689 sqft |
2019-06-01 | 0 days | 1,752 sqft |
2019-07-01 | 0 days | 1,809 sqft |
2019-08-01 | 0 days | 1,786 sqft |
2019-09-01 | 0 days | 1,766 sqft |
2019-10-01 | 0 days | 1,700 sqft |
2019-11-01 | 0 days | 1,650 sqft |
2019-12-01 | 0 days | 1,651 sqft |
2020-01-01 | 0 days | 1,651 sqft |
2020-02-01 | 0 days | 1,553 sqft |
2020-03-01 | 0 days | 1,680 sqft |
2020-04-01 | 0 days | 1,692 sqft |
2020-05-01 | 0 days | 1,800 sqft |
2020-06-01 | 0 days | 1,707 sqft |
2020-07-01 | 0 days | 1,667 sqft |
2020-08-01 | 0 days | 1,845 sqft |
2020-09-01 | 0 days | 1,812 sqft |
2020-10-01 | 0 days | 1,821 sqft |
2020-11-01 | 0 days | 1,758 sqft |
2020-12-01 | 0 days | 1,777 sqft |
2021-01-01 | 0 days | 1,803 sqft |
2021-02-01 | 0 days | 1,688 sqft |
2021-03-01 | 0 days | 1,817 sqft |
2021-04-01 | 0 days | 1,808 sqft |
2021-05-01 | 0 days | 1,794 sqft |
2021-06-01 | 0 days | 1,796 sqft |
2021-07-01 | 0 days | 1,836 sqft |
2021-08-01 | 0 days | 1,955 sqft |
2021-09-01 | 0 days | 1,861 sqft |
2021-10-01 | 0 days | 1,800 sqft |
2021-11-01 | 0 days | 1,833 sqft |
2021-12-01 | 0 days | 1,833 sqft |
2022-01-01 | 0 days | 1,813 sqft |
2022-02-01 | 0 days | 1,816 sqft |
2022-03-01 | 0 days | 1,574 sqft |
2022-04-01 | 0 days | 1,701 sqft |
2022-05-01 | 0 days | 1,712 sqft |
Altus's median square footage for active listings during the 2022-05-01 period was 1,712 sqft. One year prior, the average listing was 1,794 sqft.