Astoria Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Astoria averaged
7.09%
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
7.02% and
one month ago for the week of 2024-10-03, the
average rate was 6.02%.
Astoria's average rate one year ago was 7.66%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.19%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Astoria 30 Year Fixed Rate | 2024-11-07 | 7.09% |
| Astoria 30 Year Fixed Rate Refi | 2024-11-07 | 7.19% |
| Astoria 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Astoria 15 Year Fixed Rate Refi | 2024-11-07 | 6% |
| Astoria 30 Year FHA | 2024-11-07 | 6.23% |
| Astoria 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Astoria 30 Year USDA | 2024-11-07 | 6.68% |
| Astoria 30 Year USDA Refi | 2024-11-07 | 6.28% |
| Astoria 30 Year VA | 2024-11-07 | 6.14% |
| Astoria 30 Year VA Refi | 2024-11-07 | 6.34% |
Astoria 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 Astoria, OR 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.).
Astoria Average Closing Costs & Other Stats
Astoria, OR's 89 lenders originated 846
loans during 2023. The total origination value was $271,920,000, with an average loan value of
$321,418.
Astoria's average closing costs are $6,426.
The top Astoria lender as defined by loan originations is Golden Empire Mortgage, Inc., with
34 loans originated. Their average total fees are
$10,002, which is $951
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Astoria lenders (with over 10 loans originated) are
U.S. Bank ($6,429), NATIONS DIRECT MORTGAGE, LLC ($6,944), CHURCHILL MORTGAGE CORPORATION ($8,119), QUICKEN LOANS, LLC ($9,051) and UNITED WHOLESALE MORTGAGE, LLC ($9,392).
The lowest rate Astoria lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.58%), NATIONS DIRECT MORTGAGE, LLC (6.65%), Golden Empire Mortgage, Inc. (6.66%), U.S. Bank (6.89%) and QUICKEN LOANS, LLC (6.91%).
Astoria, OR 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 |
|---|---|---|---|---|
| Golden Empire Mortgage, Inc. | $25,100,000 | $21,645,000 | -13.8% | 8.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $32,120,000 | $13,595,000 | -57.7% | 5.0% |
| CHURCHILL MORTGAGE CORPORATION | $18,415,000 | $12,200,000 | -33.7% | 4.5% |
| U.S. Bank | $21,510,000 | $11,690,000 | -45.7% | 4.3% |
| QUICKEN LOANS, LLC | $22,670,000 | $11,545,000 | -49.1% | 4.2% |
| Umpqua Bank | $20,905,000 | $11,210,000 | -46.4% | 4.1% |
| FIBRE FEDERAL CREDIT UNION | $11,495,000 | $11,160,000 | -2.9% | 4.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $16,615,000 | $11,010,000 | -33.7% | 4.0% |
| GUILD MORTGAGE COMPANY | $8,455,000 | $9,895,000 | 17.0% | 3.6% |
| Wauna Federal Credit Union | $13,795,000 | $8,375,000 | -39.3% | 3.1% |
| Commerce Home Mortgage, Inc. | $3,230,000 | $8,170,000 | 152.9% | 3.0% |
| NATIONS DIRECT MORTGAGE, LLC | $2,355,000 | $7,900,000 | 235.5% | 2.9% |
| PANORAMA MORTGAGE GROUP, LLC | $7,855,000 | $6,240,000 | -20.6% | 2.3% |
| SUMMIT FUNDING, INC. | $6,535,000 | $5,995,000 | -8.3% | 2.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,460,000 | $5,575,000 | 126.6% | 2.1% |
| Wells Fargo Bank | $13,035,000 | $4,960,000 | -61.9% | 1.8% |
| OnPoint Community Credit Union | $6,400,000 | $4,690,000 | -26.7% | 1.7% |
| UNION HOME MORTGAGE CORP. | $4,655,000 | n/a | 1.7% | |
| Morgan Stanley Private Bank | $2,015,000 | $3,420,000 | 69.7% | 1.3% |
| ACADEMY MORTGAGE CORPORATION | $8,775,000 | $3,145,000 | -64.2% | 1.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $3,015,000 | n/a | 1.1% | |
| Academy Bank | $1,115,000 | $2,990,000 | 168.2% | 1.1% |
| BROKER SOLUTIONS, INC. | $2,345,000 | $2,585,000 | 10.2% | 1.0% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $1,015,000 | $2,535,000 | 149.8% | 0.9% |
| Mortgage Research Center, LLC | $5,620,000 | $2,520,000 | -55.2% | 0.9% |
| Washington Trust Bank | $255,000 | $2,435,000 | 854.9% | 0.9% |
| JPMorgan Chase Bank | $2,520,000 | $2,295,000 | -8.9% | 0.8% |
| LOANDEPOT.COM, LLC | $5,275,000 | $2,110,000 | -60.0% | 0.8% |
| Carrington Mortgage Services, LLC | $1,995,000 | $1,830,000 | -8.3% | 0.7% |
| Bank of the Pacific | $19,190,000 | $1,770,000 | -90.8% | 0.7% |
| 1st Security Bank of Washington | $830,000 | $1,740,000 | 109.6% | 0.6% |
| CMG MORTGAGE, INC. | $4,160,000 | $1,705,000 | -59.0% | 0.6% |
| Washington Federal Bank | $5,620,000 | $1,685,000 | -70.0% | 0.6% |
| Flagstar Bank, FSB | $4,025,000 | $1,595,000 | -60.4% | 0.6% |
| FIRST TECHNOLOGY | $1,410,000 | $1,585,000 | 12.4% | 0.6% |
| Evolve Bank & Trust | $1,560,000 | n/a | 0.6% | |
| TWINSTAR | $1,550,000 | n/a | 0.6% | |
| BMO Harris Bank | $1,480,000 | n/a | 0.5% | |
| HOMEXPRESS MORTGAGE CORP. | $520,000 | $1,440,000 | 176.9% | 0.5% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,295,000 | $1,420,000 | -38.1% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $4,065,000 | $1,415,000 | -65.2% | 0.5% |
| The Huntington National Bank | $1,125,000 | $1,340,000 | 19.1% | 0.5% |
| DIRECTORS MORTGAGE, INC. | $2,050,000 | $1,310,000 | -36.1% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $4,960,000 | $1,245,000 | -74.9% | 0.5% |
| Boeing Employees Credit Union | $765,000 | $1,225,000 | 60.1% | 0.5% |
| NEWREZ LLC | $795,000 | $1,195,000 | 50.3% | 0.4% |
| OAKTREE FUNDING CORP. | $1,175,000 | n/a | 0.4% | |
| Bank of England | $1,260,000 | $1,170,000 | -7.1% | 0.4% |
| CALIBER HOME LOANS, INC. | $20,045,000 | $1,165,000 | -94.2% | 0.4% |
| BETTER MORTGAGE CORPORATION | $1,890,000 | $1,110,000 | -41.3% | 0.4% |
| CALCON MUTUAL MORTGAGE LLC | $1,110,000 | n/a | 0.4% | |
| CARDINAL FINANCIAL | $1,685,000 | $1,055,000 | -37.4% | 0.4% |
| ARC HOME LLC | $285,000 | $1,050,000 | 268.4% | 0.4% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $860,000 | $1,020,000 | 18.6% | 0.4% |
| PENTAGON FEDERAL CREDIT UNION | $800,000 | $1,005,000 | 25.6% | 0.4% |
| Farmers Bank & Trust | $980,000 | n/a | 0.4% | |
| GUARANTEED RATE, INC. | $1,720,000 | $960,000 | -44.2% | 0.4% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $520,000 | $955,000 | 83.7% | 0.4% |
| ADVANTIS | $2,695,000 | $950,000 | -64.7% | 0.3% |
| First Montana Bank, Inc. | $925,000 | n/a | 0.3% | |
| SUMMIT MORTGAGE CORPORATION | $2,905,000 | $920,000 | -68.3% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $935,000 | $860,000 | -8.0% | 0.3% |
| MORTGAGE EXPRESS, LLC | $345,000 | $860,000 | 149.3% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,085,000 | $860,000 | -20.7% | 0.3% |
| MANN FINANCIAL INC. | $660,000 | $820,000 | 24.2% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,910,000 | $795,000 | -58.4% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $785,000 | $770,000 | -1.9% | 0.3% |
| UBS Bank USA | $2,605,000 | $755,000 | -71.0% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $1,770,000 | $740,000 | -58.2% | 0.3% |
| FINANCE OF AMERICA REVERSE LLC | $2,040,000 | $700,000 | -65.7% | 0.3% |
| Heritage Bank | $11,605,000 | $690,000 | -94.1% | 0.3% |
| Unitus Community Credit Union | $1,735,000 | $675,000 | -61.1% | 0.2% |
| Discover Bank | $85,000 | $660,000 | 676.5% | 0.2% |
| USAA Federal Savings Bank | $1,890,000 | $615,000 | -67.5% | 0.2% |
| RED CANOE CREDIT UNION | $345,000 | $610,000 | 76.8% | 0.2% |
| PENRITH HOME LOANS LLC | $605,000 | n/a | 0.2% | |
| ALAMEDA MORTGAGE CORPORATION | $595,000 | n/a | 0.2% | |
| Logan Finance Corporation | $595,000 | n/a | 0.2% | |
| VILLAGE CAPITAL MORTGAGE | $165,000 | $575,000 | 248.5% | 0.2% |
| Citizens Bank | $225,000 | $565,000 | 151.1% | 0.2% |
| Raymond James Bank | $555,000 | n/a | 0.2% | |
| GUARANTEED RATE AFFINITY, LLC | $545,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $275,000 | $535,000 | 94.5% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $365,000 | $525,000 | 43.8% | 0.2% |
| Rivermark Community Credit Union | $555,000 | $520,000 | -6.3% | 0.2% |
| First Republic Bank | $5,380,000 | $510,000 | -90.5% | 0.2% |
| Mortgage Bank of California | $505,000 | n/a | 0.2% | |
| Mr. Cooper ( Nationstar Mortgage ) | $2,335,000 | $490,000 | -79.0% | 0.2% |
| Prosperity Home Mortgage, LLC | $485,000 | n/a | 0.2% | |
| The Loan Store, Inc. | $485,000 | n/a | 0.2% | |
| MOUNTAIN AMERICA | $455,000 | n/a | 0.2% | |
| Bank of the West | $1,500,000 | $445,000 | -70.3% | 0.2% |
| LADERA LENDING, INC. | $430,000 | n/a | 0.2% | |
| ALL REVERSE MORTGAGE, INC. | $265,000 | $425,000 | 60.4% | 0.2% |
| SPOKANE TEACHERS | $420,000 | n/a | 0.2% | |
| ALLIANT CREDIT UNION | $105,000 | $410,000 | 290.5% | 0.2% |
| LIMA ONE CAPITAL, LLC | $405,000 | n/a | 0.1% | |
| Presidential Bank, FSB | $405,000 | n/a | 0.1% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $265,000 | $395,000 | 49.1% | 0.1% |
| Consolidated Federal Credit Union | $1,305,000 | $360,000 | -72.4% | 0.1% |
| LENDSURE MORTGAGE CORP. | $1,415,000 | $355,000 | -74.9% | 0.1% |
| Northpointe Bank | $355,000 | n/a | 0.1% | |
| RANLIFE, INC. | $355,000 | n/a | 0.1% | |
| Oregon State Credit Union | $115,000 | $345,000 | 200.0% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $325,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $725,000 | $305,000 | -57.9% | 0.1% |
| Bank of America | $7,595,000 | $300,000 | -96.1% | 0.1% |
| FREEDOM MORTGAGE CORPORATION | $3,895,000 | $295,000 | -92.4% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $945,000 | $285,000 | -69.8% | 0.1% |
| A&D Mortgage LLC | $265,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $260,000 | n/a | 0.1% | |
| OREGONIANS CREDIT UNION | $55,000 | $255,000 | 363.6% | 0.1% |
| Strong Home Mortgage, LLC | $255,000 | n/a | 0.1% | |
| IDAHO CENTRAL | $245,000 | n/a | 0.1% | |
| S1L, Inc. | $575,000 | $235,000 | -59.1% | 0.1% |
| 21ST MORTGAGE CORPORATION | $45,000 | $230,000 | 411.1% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $1,615,000 | $225,000 | -86.1% | 0.1% |
| MLD MORTGAGE INC. | $205,000 | n/a | 0.1% | |
| Figure Lending LLC | $170,000 | $190,000 | 11.8% | 0.1% |
| PHH Mortgage Corporation | $720,000 | $165,000 | -77.1% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $500,000 | $165,000 | -67.0% | 0.1% |
| Coastal Community Bank | $160,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $385,000 | $155,000 | -59.7% | 0.1% |
| Gallic & Johnson, LLC | $415,000 | $145,000 | -65.1% | 0.1% |
| Banner Bank | $1,020,000 | $140,000 | -86.3% | 0.1% |
| KeyBank | $4,015,000 | $135,000 | -96.6% | 0.0% |
| Citadel Servicing Corporation | $3,440,000 | $125,000 | -96.4% | 0.0% |
| First Interstate Bank | $385,000 | $125,000 | -67.5% | 0.0% |
| Clackamas Federal Credit Union | $105,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $55,000 | $105,000 | 90.9% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $970,000 | $105,000 | -89.2% | 0.0% |
| HAPO COMMUNITY CREDIT UNION | $85,000 | n/a | 0.0% | |
| iQ Credit Union | $830,000 | $75,000 | -91.0% | 0.0% |
| MARION AND POLK SCHOOLS CREDIT UNION | $245,000 | $65,000 | -73.5% | 0.0% |
| BayCoast Bank | $80,000 | $55,000 | -31.3% | 0.0% |
| PNC Bank | $605,000 | $55,000 | -90.9% | 0.0% |
| SELCO COMMUNITY | $45,000 | n/a | 0.0% | |
| OREGON COMMUNITY | $1,665,000 | $40,000 | -97.6% | 0.0% |
| FIRST COMMUNITY | $25,000 | n/a | 0.0% |
Astoria's top lender by overall market share is Golden Empire Mortgage, Inc., with 8.0% market share. In second place, with 5.0%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $13,595,000 in loans. In third place, with 4.5%, is CHURCHILL MORTGAGE CORPORATION, having originated $12,200,000 in loans. In fourth place, with 4.3%, is U.S. Bank, having originated $11,690,000 in loans. In fifth place, with 4.2%, is QUICKEN LOANS, LLC, having originated $11,545,000 in loans.
Astoria, OR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 440 | $186,960,000 | $424,909 |
| Home Improvement | 118 | $13,750,000 | $116,525 |
| Cash Out Refi | 97 | $31,165,000 | $321,289 |
| Other | 96 | $13,060,000 | $136,042 |
| Refi | 95 | $26,985,000 | $284,053 |
Astoria's most frequently cited loan purpose was Home Purchase, with 440 originations. The 2nd most popular reason was Home Improvement, with 118 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 312 | $115,060,000 | $368,782 |
| 7-8% | 231 | $80,515,000 | $348,550 |
| Over 8% | 164 | $29,640,000 | $180,732 |
| 5-6% | 110 | $40,610,000 | $369,182 |
| 4-5% | 21 | $4,615,000 | $219,762 |
| <2.5% | 3 | $255,000 | $85,000 |
| 3-4% | 1 | $115,000 | $115,000 |
| 2.5-3% | 1 | $65,000 | $65,000 |
During 2023, Astoria's most frequently originated rate bucket was 6-7%, with 312 originations.
Loan Sizing (Astoria, OR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 275 | $83,315,000 | $302,964 |
| $400k-600k | 203 | $98,795,000 | $486,675 |
| $100,000 or less | 168 | $9,680,000 | $57,619 |
| $100k-200k | 131 | $18,045,000 | $137,748 |
| $600k-1000k | 56 | $39,470,000 | $704,821 |
| $Over $1MM | 13 | $22,615,000 | $1,739,615 |
Astoria's loan sizing saw the bucket of loans from $200k-400k with 275 originations, totaling $83,315,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 227 | $100,245,000 | $441,608 |
| Under 20% | 185 | $12,935,000 | $69,919 |
| 60-80% | 172 | $84,680,000 | $492,326 |
| 40-60% | 124 | $43,900,000 | $354,032 |
| 20-40% | 123 | $22,735,000 | $184,837 |
| Over 100% | 13 | $6,395,000 | $491,923 |
Astoria's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 227 originations, totaling $100,245,000 in origination value.