Austin Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Austin averaged 6.76% 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 6.79% and one month ago for the week of 2024-10-03, the average rate was 5.99%.

Austin's average rate one year ago was 8.03%.

For refis of the same type during the week of 2024-11-07, the average rate was 6.89%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-11-07 6.79%
Austin 30 Year Fixed Rate 2024-11-07 6.76%
Austin 30 Year Fixed Rate Refi 2024-11-07 6.89%
Austin 15 Year Fixed Rate 2024-11-07 6.2%
Austin 15 Year Fixed Rate Refi 2024-11-07 6.5%
Austin 30 Year FHA 2024-11-07 6.6%
Austin 30 Year FHA Refi 2024-11-07 6.43%
Austin 30 Year USDA 2024-11-07 6.28%
Austin 30 Year USDA Refi 2024-11-07 6.28%
Austin 30 Year VA 2024-11-07 6.14%
Austin 30 Year VA Refi 2024-11-07 6.44%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Austin, MN.

Austin 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 Austin, MN 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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 51 6.98% $4,982
Home Federal Savings Bank 28 6.61% $4,356
Bell Bank 25 7.05% $5,517
LAND HOME FINANCIAL SERVICES, INC. 19 6.93% $5,987
GUARANTEED RATE, INC. 13 6.65% $4,025
UNITED WHOLESALE MORTGAGE, LLC 11 6.92% $7,644
UNION HOME MORTGAGE CORP. 9 7.56% $5,274
Wells Fargo Bank 7 6.64% $4,087
QUICKEN LOANS, LLC 7 7.17% $5,004
MOVEMENT MORTGAGE, LLC 5 7.20% $5,116
U.S. Bank 5 6.25% $4,617
PREMIA MORTGAGE, LLC 4 6.54% $3,666
Think Mutual Bank 4 6.06% $6,133
Prosperity Home Mortgage, LLC 4 6.63% $4,974
Merchants Bank 3 6.44% $2,356
NEWREZ LLC 3 7.00% $3,781
PENNYMAC LOAN SERVICES, LLC 3 6.87% $6,435
Bremer Bank 3 6.42% $5,076
ALTRA 3 6.86% $3,344
JPMorgan Chase Bank 2 6.88% $3,455
IOWA BANKERS MORTGAGE CORPORATION 2 6.88% $4,653
CROSSCOUNTRY MORTGAGE, LLC 2 7.25% $7,444
COMPEER FINANCIAL, FLCA 2 7.38% $4,245
AFFINITY PLUS 2 6.13% $2,815
TOWNE MORTGAGE COMPANY 1 7.50% $7,881
Barrington Bank & Trust Company, N.A. 1 7.50% $4,925
Cambria Financial Group, LLC 1 7.50% $3,182
Citizens Bank 1 6.38% $5,193
Deere Employees Credit Union 1 6.50% $2,497
First Federal Bank 1 6.25% $4,457
Frandsen Bank & Trust 1 5.75% $4,534
FREEDOM MORTGAGE CORPORATION 1 7.75% $3,591
GUARANTEED RATE AFFINITY, LLC 1 7.48% $7,892
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.88% $4,910
LOANDEPOT.COM, LLC 1 6.50% $9,476
MAYO EMPLOYEES FEDERAL CREDIT UNION 1 6.00% $6,744
MEGASTAR FINANCIAL CORP. 1 7.13% $4,787
Nations Lending Corporation 1 6.75% $924
Plains Commerce Bank 1 7.38% $4,600
PLAZA HOME MORTGAGE, INC. 1 6.88% $3,719
Royal Bank 1 6.25% $2,007
ROYAL UNITED MORTGAGE LLC 1 7.00% $6,896
Servion, Inc. 1 6.50% $3,905
T2 FINANCIAL LLC 1 7.50% $4,084
Tradition Mortgage, LLC 1 6.88% $2,278

Austin Average Closing Costs & Other Stats

Austin, MN's 45 lenders originated 646 loans during 2023. The total origination value was $99,690,000, with an average loan value of $154,319.

Austin's average closing costs are $4,396.

The top Austin lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 51 loans originated. Their average total fees are $4,982, which is $627 higher than the next largest lender, Home Federal Savings Bank.

The lowest fee Austin lenders (with over 10 loans originated) are GUARANTEED RATE, INC. ($4,025), Home Federal Savings Bank ($4,356), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,982), Bell Bank ($5,517) and LAND HOME FINANCIAL SERVICES, INC. ($5,987).

The lowest rate Austin lenders (with over 10 loans originated) are Home Federal Savings Bank (6.61%), GUARANTEED RATE, INC. (6.65%), UNITED WHOLESALE MORTGAGE, LLC (6.92%), LAND HOME FINANCIAL SERVICES, INC. (6.93%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.98%).

Austin, MN 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
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $21,780,000 $17,985,000 -17.4% 18.0%
Home Federal Savings Bank $7,525,000 $7,275,000 -3.3% 7.3%
LAND HOME FINANCIAL SERVICES, INC. $9,260,000 $6,855,000 -26.0% 6.9%
Bell Bank $5,600,000 $5,740,000 2.5% 5.8%
GUARANTEED RATE, INC. $3,730,000 $4,875,000 30.7% 4.9%
QUICKEN LOANS, LLC $5,720,000 $4,235,000 -26.0% 4.2%
UNITED WHOLESALE MORTGAGE, LLC $3,820,000 $3,675,000 -3.8% 3.7%
U.S. Bank $4,705,000 $3,610,000 -23.3% 3.6%
21st Century Bank $3,335,000 n/a 3.3%
UNION HOME MORTGAGE CORP. $2,350,000 n/a 2.4%
Prosperity Home Mortgage, LLC $1,100,000 $1,920,000 74.5% 1.9%
Bremer Bank $4,230,000 $1,890,000 -55.3% 1.9%
Think Mutual Bank $815,000 $1,880,000 130.7% 1.9%
Manufacturers Bank & Trust Company $5,190,000 $1,870,000 -64.0% 1.9%
Wells Fargo Bank $4,560,000 $1,705,000 -62.6% 1.7%
LOANDEPOT.COM, LLC $4,895,000 $1,680,000 -65.7% 1.7%
Mortgage Research Center, LLC $1,080,000 $1,525,000 41.2% 1.5%
Bridgewater Bank $1,425,000 n/a 1.4%
ALTRA $1,570,000 $1,415,000 -9.9% 1.4%
PREMIA MORTGAGE, LLC $2,130,000 $1,265,000 -40.6% 1.3%
Merchants Bank $1,450,000 $1,170,000 -19.3% 1.2%
MOVEMENT MORTGAGE, LLC $195,000 $1,070,000 448.7% 1.1%
NEWREZ LLC $975,000 $1,010,000 3.6% 1.0%
21ST MORTGAGE CORPORATION $1,220,000 $830,000 -32.0% 0.8%
Foresight Bank $3,840,000 $790,000 -79.4% 0.8%
GUARANTEED RATE AFFINITY, LLC $1,240,000 $755,000 -39.1% 0.8%
JPMorgan Chase Bank $105,000 $745,000 609.5% 0.7%
COMPEER FINANCIAL, FLCA $2,140,000 $720,000 -66.4% 0.7%
PLAZA HOME MORTGAGE, INC. $800,000 $700,000 -12.5% 0.7%
PENNYMAC LOAN SERVICES, LLC $265,000 $680,000 156.6% 0.7%
MAYO EMPLOYEES FEDERAL CREDIT UNION $200,000 $675,000 237.5% 0.7%
ONB Bank $565,000 n/a 0.6%
LAKEVIEW LOAN SERVICING, LLC $295,000 $555,000 88.1% 0.6%
CROSSCOUNTRY MORTGAGE, LLC $625,000 $520,000 -16.8% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $800,000 $475,000 -40.6% 0.5%
Lincoln Savings Bank $415,000 n/a 0.4%
AFFINITY PLUS $440,000 $405,000 -8.0% 0.4%
First Alliance Credit Union $150,000 $390,000 160.0% 0.4%
TOWNE MORTGAGE COMPANY $430,000 $390,000 -9.3% 0.4%
Deere Employees Credit Union $365,000 n/a 0.4%
GUILD MORTGAGE COMPANY $365,000 n/a 0.4%
Citizens Bank $365,000 $360,000 -1.4% 0.4%
IOWA BANKERS MORTGAGE CORPORATION $330,000 n/a 0.3%
Frandsen Bank & Trust $280,000 n/a 0.3%
F & M Community Bank $440,000 $255,000 -42.0% 0.3%
Carrington Mortgage Services, LLC $250,000 n/a 0.3%
Figure Lending LLC $150,000 $245,000 63.3% 0.2%
MID AMERICA MORTGAGE, INC. $105,000 $235,000 123.8% 0.2%
Paramount Residential Mortgage Group, Inc. $235,000 n/a 0.2%
First National Bank $225,000 n/a 0.2%
Plains Commerce Bank $220,000 n/a 0.2%
THRIVENT Federal Credit Union $55,000 $220,000 300.0% 0.2%
First Federal Bank $570,000 $215,000 -62.3% 0.2%
FREEDOM MORTGAGE CORPORATION $770,000 $205,000 -73.4% 0.2%
ROYAL UNITED MORTGAGE LLC $255,000 $200,000 -21.6% 0.2%
Nations Lending Corporation $175,000 n/a 0.2%
RESIDENTIAL BANCORP $175,000 n/a 0.2%
CARDINAL FINANCIAL $860,000 $170,000 -80.2% 0.2%
Royal Bank $165,000 n/a 0.2%
Profinium Inc. $160,000 n/a 0.2%
HOMEOWNERS FINANCIAL GROUP USA, LLC $155,000 n/a 0.2%
MEGASTAR FINANCIAL CORP. $155,000 n/a 0.2%
NFM, INC. $155,000 n/a 0.2%
T2 FINANCIAL LLC $155,000 n/a 0.2%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $390,000 $155,000 -60.3% 0.2%
Century Mortgage Company DBA Century Lending Company $150,000 n/a 0.2%
Associated Bank $15,000 $145,000 866.7% 0.1%
GSF Mortgage Corporation $145,000 n/a 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $415,000 $135,000 -67.5% 0.1%
Barrington Bank & Trust Company, N.A. $380,000 $135,000 -64.5% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $135,000 n/a 0.1%
NEW DAY FINANCIAL, LLC $180,000 $135,000 -25.0% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $820,000 $135,000 -83.5% 0.1%
MARINE $35,000 $120,000 242.9% 0.1%
ENVOY MORTGAGE, LTD $115,000 $115,000 0.0% 0.1%
Flagstar Bank, FSB $795,000 $115,000 -85.5% 0.1%
Peoples State Bank of Plainview $115,000 n/a 0.1%
RUOFF MORTGAGE COMPANY, INC. $65,000 $115,000 76.9% 0.1%
Servion, Inc. $1,020,000 $115,000 -88.7% 0.1%
LENDINGHOME FUNDING CORPORATION $95,000 n/a 0.1%
The Huntington National Bank $285,000 $95,000 -66.7% 0.1%
Discover Bank $270,000 $90,000 -66.7% 0.1%
SPIRE Credit Union $90,000 n/a 0.1%
First National Bank of Omaha $335,000 $85,000 -74.6% 0.1%
Tradition Mortgage, LLC $85,000 n/a 0.1%
Bank of America $315,000 $75,000 -76.2% 0.1%
First National Bank of America $125,000 $75,000 -40.0% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $190,000 $75,000 -60.5% 0.1%
Sterling State Bank $75,000 n/a 0.1%
Citizens Community Federal $65,000 n/a 0.1%
LOANPAL, LLC $75,000 $65,000 -13.3% 0.1%
PENTAGON FEDERAL CREDIT UNION $55,000 n/a 0.1%
Coastal Community Bank $50,000 n/a 0.1%
NAVY FEDERAL CREDIT UNION $55,000 $50,000 -9.1% 0.1%
Cambria Financial Group, LLC $435,000 $45,000 -89.7% 0.0%
SPRING EQ, LLC $180,000 $45,000 -75.0% 0.0%
Midwest Heritage Bank FSB $195,000 $25,000 -87.2% 0.0%

Austin's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 18.0% market share. In second place, with 7.3%, is Home Federal Savings Bank, having originated $7,275,000 in loans. In third place, with 6.9%, is LAND HOME FINANCIAL SERVICES, INC., having originated $6,855,000 in loans. In fourth place, with 5.8%, is Bell Bank, having originated $5,740,000 in loans. In fifth place, with 4.9%, is GUARANTEED RATE, INC., having originated $4,875,000 in loans.


Austin Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Austin (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 $113,375 (23.6%) $133,635 (12.5%) 0.00 78
2018-02-01 $119,900 (33.9%) $131,742 (12.5%) 0.00 63
2018-03-01 $119,900 (33.4%) $137,425 (10.5%) 0.00 73
2018-04-01 $144,800 (52.4%) $171,809 (36.3%) 0.00 79
2018-05-01 $149,225 (42.8%) $180,422 (38.2%) 0.00 88
2018-06-01 $142,825 (35.8%) $174,242 (32.2%) 0.00 94
2018-07-01 $149,925 (50.1%) $185,988 (42.3%) 0.00 96
2018-08-01 $148,550 (30.9%) $180,334 (32.0%) 0.00 113
2018-09-01 $146,900 (36.1%) $181,626 (30.4%) 0.00 124
2018-10-01 $137,550 (21.2%) $184,994 (29.8%) 0.00 116
2018-11-01 $137,425 (25.8%) $179,394 (30.7%) 0.00 125
2018-12-01 $124,950 (14.6%) $164,176 (20.9%) 0.00 118
2019-01-01 $115,000 (1.4%) $161,039 (20.5%) 0.00 99
2019-02-01 $112,200 (-6.4%) $150,974 (14.6%) 0.00 80
2019-03-01 $128,357 (7.1%) $164,511 (19.7%) 0.00 88
2019-04-01 $147,207 (1.7%) $181,177 (5.5%) 0.00 99
2019-05-01 $138,975 (-6.9%) $175,092 (-3.0%) 0.00 126
2019-06-01 $149,000 (4.3%) $187,176 (7.4%) 0.00 119
2019-07-01 $153,950 (2.7%) $184,668 (-0.7%) 0.00 134
2019-08-01 $157,736 (6.2%) $186,608 (3.5%) 0.00 136
2019-09-01 $160,416 (9.2%) $190,073 (4.7%) 0.00 134
2019-10-01 $158,402 (15.2%) $191,038 (3.3%) 0.00 133
2019-11-01 $177,000 (28.8%) $195,333 (8.9%) 0.00 129
2019-12-01 $179,900 (44.0%) $200,126 (21.9%) 0.00 113
2020-01-01 $184,925 (60.8%) $200,355 (24.4%) 0.00 96
2020-02-01 $179,900 (60.3%) $194,646 (28.9%) 0.00 86
2020-03-01 $161,225 (25.6%) $186,576 (13.4%) 0.00 97
2020-04-01 $145,550 (-1.1%) $187,566 (3.5%) 0.00 94
2020-05-01 $159,450 (14.7%) $197,763 (13.0%) 0.00 86
2020-06-01 $175,825 (18.0%) $211,636 (13.1%) 0.00 85
2020-07-01 $153,075 (-0.6%) $201,013 (8.9%) 0.00 87
2020-08-01 $149,900 (-5.0%) $195,528 (4.8%) 0.00 88
2020-09-01 $148,150 (-7.7%) $189,112 (-0.5%) 0.00 88
2020-10-01 $145,000 (-8.5%) $176,463 (-7.6%) 0.00 81
2020-11-01 $127,400 (-28.0%) $162,763 (-16.7%) 0.00 76
2020-12-01 $126,450 (-29.7%) $165,290 (-17.4%) 0.00 68
2021-01-01 $124,900 (-32.5%) $168,188 (-16.1%) 0.00 46
2021-02-01 $132,400 (-26.4%) $182,883 (-6.0%) 0.00 40
2021-03-01 $141,400 (-12.3%) $206,782 (10.8%) 0.00 40
2021-04-01 $151,200 (3.9%) $216,047 (15.2%) 0.00 48
2021-05-01 $144,950 (-9.1%) $209,522 (6.0%) 0.00 53
2021-06-01 $139,450 (-20.7%) $204,087 (-3.6%) 0.00 48
2021-07-01 $139,900 (-8.6%) $182,714 (-9.1%) 0.00 61
2021-08-01 $139,900 (-6.7%) $196,160 (0.3%) 0.00 55
2021-09-01 $142,425 (-3.9%) $191,142 (1.1%) 0.00 67
2021-10-01 $144,000 (-0.7%) $180,458 (2.3%) 0.00 68
2021-11-01 $148,450 (16.5%) $184,019 (13.1%) 0.00 64
2021-12-01 $137,400 (8.7%) $168,462 (1.9%) 0.00 50
2022-01-01 $139,900 (12.0%) $177,241 (5.4%) 0.00 36
2022-02-01 $136,200 (2.9%) $161,088 (-11.9%) 0.00 37
2022-03-01 $144,400 (2.1%) $172,334 (-16.7%) 0.00 27
2022-04-01 $177,450 (17.4%) $205,421 (-4.9%) 0.00 24
2022-05-01 $181,125 (25.0%) $218,828 (4.4%) 0.00 33
2022-06-01 $191,600 (37.4%) $238,096 (16.7%) 0.00 47
2022-07-01 $179,900 (28.6%) $208,043 (13.9%) 0.00 58
2022-08-01 $202,700 (44.9%) $229,950 (17.2%) 0.00 60
2022-09-01 $204,450 (43.6%) $236,654 (23.8%) 0.00 65
2022-10-01 $200,000 (38.9%) $244,544 (35.5%) 0.00 71
2022-11-01 $185,575 (25.0%) $235,747 (28.1%) 0.00 78
2022-12-01 $179,900 (30.9%) $231,665 (37.5%) 0.00 62
2023-01-01 $185,700 (32.7%) $238,108 (34.3%) 0.00 55
2023-02-01 $186,500 (36.9%) $243,238 (51.0%) 0.00 49
2023-03-01 $178,900 (23.9%) $238,103 (38.2%) 0.00 52
2023-04-01 $191,450 (7.9%) $230,941 (12.4%) 0.00 50
2023-05-01 $198,700 (9.7%) $248,478 (13.6%) 0.00 47
2023-06-01 $234,975 (22.6%) $258,278 (8.5%) 0.00 64
2023-07-01 $239,900 (33.4%) $267,643 (28.7%) 0.00 71
2023-08-01 $236,150 (16.5%) $266,689 (16.0%) 0.00 79
2023-09-01 $199,950 (-2.2%) $251,939 (6.5%) 0.00 87
2023-10-01 $196,925 (-1.5%) $248,104 (1.5%) 0.00 78
2023-11-01 $210,000 (13.2%) $255,764 (8.5%) 0.00 80
2023-12-01 $209,900 (16.7%) $260,483 (12.4%) 0.00 69
2024-01-01 $199,150 (7.2%) $266,414 (11.9%) 0.00 62
2024-02-01 $218,450 (17.1%) $276,152 (13.5%) 0.00 51
2024-03-01 $199,450 (11.5%) $273,958 (15.1%) 0.00 44
2024-04-01 $219,900 (14.9%) $280,377 (21.4%) 0.00 35
2024-05-01 $236,150 (18.9%) $292,484 (17.7%) 0.00 49
2024-06-01 $239,450 (1.9%) $285,102 (10.4%) 0.00 66
2024-07-01 $231,425 (-3.5%) $271,263 (1.4%) 0.00 74
2024-08-01 $231,999 (-1.8%) $281,253 (5.5%) 0.00 87
2024-09-01 $254,425 (27.2%) $306,641 (21.7%) 0.00 92
2024-10-01 $222,175 (12.8%) $286,685 (15.6%) 0.00 91
Austin's median listing price for 2024-10-01 was $222,175, a difference of $25,250 (12.8%) versus the prior year and $-32,250 versus the prior month.

Austin's median listing price comes in at 0% of the national average.

Austin's average listing price for 2024-10-01 was $286,685, a difference of $38,581 (15.6%) versus the prior year and $-19,956 versus the prior month.

For the 2024-10-01 period, Austin had 91 MLS listings, a difference of -1 listings (-1%) versus the prior month and 13 listings (17%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Austin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,112 sqft
2018-02-01 0 days 2,154 sqft
2018-03-01 0 days 2,184 sqft
2018-04-01 0 days 2,350 sqft
2018-05-01 0 days 2,342 sqft
2018-06-01 0 days 2,186 sqft
2018-07-01 0 days 2,338 sqft
2018-08-01 0 days 2,294 sqft
2018-09-01 0 days 2,320 sqft
2018-10-01 0 days 2,277 sqft
2018-11-01 0 days 2,326 sqft
2018-12-01 0 days 2,131 sqft
2019-01-01 0 days 1,428 sqft
2019-02-01 0 days 1,380 sqft
2019-03-01 0 days 1,509 sqft
2019-04-01 0 days 1,618 sqft
2019-05-01 0 days 1,645 sqft
2019-06-01 0 days 1,682 sqft
2019-07-01 0 days 1,813 sqft
2019-08-01 0 days 1,861 sqft
2019-09-01 0 days 1,892 sqft
2019-10-01 0 days 1,908 sqft
2019-11-01 0 days 1,911 sqft
2019-12-01 0 days 2,005 sqft
2020-01-01 0 days 2,085 sqft
2020-02-01 0 days 1,945 sqft
2020-03-01 0 days 1,759 sqft
2020-04-01 0 days 1,712 sqft
2020-05-01 0 days 1,780 sqft
2020-06-01 0 days 1,885 sqft
2020-07-01 0 days 1,820 sqft
2020-08-01 0 days 1,835 sqft
2020-09-01 0 days 1,876 sqft
2020-10-01 0 days 1,593 sqft
2020-11-01 0 days 1,579 sqft
2020-12-01 0 days 1,527 sqft
2021-01-01 0 days 1,487 sqft
2021-02-01 0 days 1,521 sqft
2021-03-01 0 days 1,465 sqft
2021-04-01 0 days 1,590 sqft
2021-05-01 0 days 1,509 sqft
2021-06-01 0 days 1,509 sqft
2021-07-01 0 days 1,495 sqft
2021-08-01 0 days 1,501 sqft
2021-09-01 0 days 1,515 sqft
2021-10-01 0 days 1,527 sqft
2021-11-01 0 days 1,599 sqft
2021-12-01 0 days 1,456 sqft
2022-01-01 0 days 1,444 sqft
2022-02-01 0 days 1,850 sqft
2022-03-01 0 days 1,878 sqft
2022-04-01 0 days 2,135 sqft
2022-05-01 0 days 1,509 sqft
2022-06-01 0 days 1,899 sqft
2022-07-01 0 days 1,713 sqft
2022-08-01 0 days 1,768 sqft
2022-09-01 0 days 1,866 sqft
2022-10-01 0 days 1,884 sqft
2022-11-01 0 days 1,870 sqft
2022-12-01 0 days 1,712 sqft
2023-01-01 0 days 1,811 sqft
2023-02-01 0 days 1,825 sqft
2023-03-01 0 days 1,727 sqft
2023-04-01 0 days 1,724 sqft
2023-05-01 0 days 1,889 sqft
2023-06-01 0 days 1,908 sqft
2023-07-01 0 days 1,941 sqft
2023-08-01 0 days 1,895 sqft
2023-09-01 0 days 1,837 sqft
2023-10-01 0 days 1,857 sqft
2023-11-01 0 days 1,921 sqft
2023-12-01 0 days 1,921 sqft
2024-01-01 0 days 1,953 sqft
2024-02-01 0 days 1,965 sqft
2024-03-01 0 days 1,833 sqft
2024-04-01 0 days 1,672 sqft
2024-05-01 0 days 1,589 sqft
2024-06-01 0 days 1,773 sqft
2024-07-01 0 days 1,822 sqft
2024-08-01 0 days 1,768 sqft
2024-09-01 0 days 1,948 sqft
2024-10-01 0 days 1,712 sqft
Austin's median listing age (time on market) for 2024-10-01 was 0 days.

Austin's median square footage for active listings during the 2024-10-01 period was 1,712 sqft. One year prior, the average listing was 1,857 sqft.

Austin, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 482 $82,320,000 $170,788
Cash Out Refi 59 $8,055,000 $136,525
Other 37 $2,455,000 $66,351
Refi 36 $5,110,000 $141,944
Home Improvement 32 $1,750,000 $54,688

Austin's most frequently cited loan purpose was Home Purchase, with 482 originations. The 2nd most popular reason was Cash Out Refi, with 59 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 239 $40,535,000 $169,603
7-8% 180 $30,160,000 $167,556
Over 8% 67 $5,405,000 $80,672
5-6% 64 $12,330,000 $192,656
<2.5% 21 $275,000 $13,095
4-5% 3 $955,000 $318,333

During 2023, Austin's most frequently originated rate bucket was 6-7%, with 239 originations.

Loan Sizing (Austin, MN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 267 $39,635,000 $148,446
$100,000 or less 224 $11,000,000 $49,107
$200k-400k 137 $36,055,000 $263,175
$400k-600k 12 $5,710,000 $475,833
$600k-1000k 4 $2,530,000 $632,500
$Over $1MM 2 $4,760,000 $2,380,000

Austin's loan sizing saw the bucket of loans from $100k-200k with 267 originations, totaling $39,635,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 317 $60,575,000 $191,088
60-80% 99 $17,105,000 $172,778
Under 20% 88 $1,740,000 $19,773
20-40% 46 $3,530,000 $76,739
40-60% 40 $5,360,000 $134,000
Over 100% 4 $1,050,000 $262,500

Austin's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 317 originations, totaling $60,575,000 in origination value.