Austin Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Austin averaged
6.98%
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
7.11% and
one month ago for the week of 2023-02-09, the
average rate was 6.4%.
Austin's average rate one year ago was 3.93%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.49%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Austin 30 Year Fixed Rate | 2023-03-16 | 6.98% |
Austin 30 Year Fixed Rate Refi | 2023-03-16 | 6.49% |
Austin 15 Year Fixed Rate | 2023-03-16 | 6.61% |
Austin 15 Year Fixed Rate Refi | 2023-03-16 | 5.9% |
Austin 30 Year FHA | 2023-03-16 | 6.61% |
Austin 30 Year FHA Refi | 2023-03-16 | 6.74% |
Austin 30 Year USDA | 2023-03-16 | 6.18% |
Austin 30 Year VA | 2023-03-16 | 6.33% |
Austin 30 Year VA Refi | 2023-03-16 | 5.92% |
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.).
Austin Average Closing Costs & Other Stats
Austin, MN's 85 lenders originated 1,437
loans during 2021. The total origination value was $241,135,000, with an average loan value of
$167,804.
Austin's average closing costs are $3,929.
The top Austin lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
99 loans originated. Their average total fees are
$3,852, which is $1,609
lower than the next largest lender,
LAND HOME FINANCIAL SERVICES, INC..
The lowest fee Austin lenders (with over 10 loans originated) are
U.S. Bank ($2,812), Wells Fargo Bank ($2,979), Bell Bank ($3,354), UNITED WHOLESALE MORTGAGE, LLC ($3,592) and Home Federal Savings Bank ($3,640).
The lowest rate Austin lenders (with over 10 loans originated) are
Bell Bank (2.86%), UNITED WHOLESALE MORTGAGE, LLC (3.01%), LAND HOME FINANCIAL SERVICES, INC. (3.10%), Bremer Bank (3.11%) and U.S. Bank (3.13%).
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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $32,585,000 | $32,990,000 | 1.2% | 13.7% |
LAND HOME FINANCIAL SERVICES, INC. | $17,095,000 | $18,335,000 | 7.3% | 7.6% |
Wells Fargo Bank | $12,700,000 | $18,005,000 | 41.8% | 7.5% |
Merchants Bank | $610,000 | $16,235,000 | 2,561.5% | 6.7% |
Home Federal Savings Bank | $18,975,000 | $15,120,000 | -20.3% | 6.3% |
QUICKEN LOANS, LLC | $13,270,000 | $13,290,000 | 0.2% | 5.5% |
U.S. Bank | $9,240,000 | $10,830,000 | 17.2% | 4.5% |
Bremer Bank | $10,375,000 | $8,985,000 | -13.4% | 3.7% |
Community Bank Mankato | $8,210,000 | n/a | 3.4% | |
Bell Bank | $3,670,000 | $7,855,000 | 114.0% | 3.3% |
FREEDOM MORTGAGE CORPORATION | $3,310,000 | $6,795,000 | 105.3% | 2.8% |
Citizens State Bank of La Crosse | $5,865,000 | n/a | 2.4% | |
COMPEER FINANCIAL, FLCA | $4,205,000 | $3,885,000 | -7.6% | 1.6% |
LOANDEPOT.COM, LLC | $2,890,000 | $3,875,000 | 34.1% | 1.6% |
UNITED WHOLESALE MORTGAGE, LLC | $3,380,000 | $3,825,000 | 13.2% | 1.6% |
Manufacturers Bank & Trust Company | $2,805,000 | $2,745,000 | -2.1% | 1.1% |
Think Mutual Bank | $6,255,000 | $2,610,000 | -58.3% | 1.1% |
ALTRA | $1,975,000 | $2,510,000 | 27.1% | 1.0% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $640,000 | $2,215,000 | 246.1% | 0.9% |
Associated Bank | $500,000 | $1,960,000 | 292.0% | 0.8% |
First Federal Bank | $3,255,000 | $1,860,000 | -42.9% | 0.8% |
Prosperity Home Mortgage, LLC | $1,505,000 | $1,800,000 | 19.6% | 0.7% |
LAKEVIEW LOAN SERVICING, LLC | $1,010,000 | $1,790,000 | 77.2% | 0.7% |
GUARANTEED RATE, INC. | $2,435,000 | $1,610,000 | -33.9% | 0.7% |
Mr. Cooper ( Nationstar Mortgage ) | $630,000 | $1,555,000 | 146.8% | 0.6% |
Bridgewater Bank | $1,475,000 | n/a | 0.6% | |
CALIBER HOME LOANS, INC. | $605,000 | $1,475,000 | 143.8% | 0.6% |
PENNYMAC LOAN SERVICES, LLC | $895,000 | $1,455,000 | 62.6% | 0.6% |
RESULTS MORTGAGE, LLC | $1,335,000 | $1,430,000 | 7.1% | 0.6% |
Mortgage Research Center, LLC | $1,375,000 | $1,345,000 | -2.2% | 0.6% |
Barrington Bank & Trust Company, N.A. | $1,050,000 | $1,315,000 | 25.2% | 0.5% |
Flagstar Bank, FSB | $640,000 | $1,255,000 | 96.1% | 0.5% |
AMERISAVE MORTGAGE CORPORATION | $690,000 | $1,215,000 | 76.1% | 0.5% |
TOWNE MORTGAGE COMPANY | $1,050,000 | $1,135,000 | 8.1% | 0.5% |
PREMIA MORTGAGE, LLC | $650,000 | $1,095,000 | 68.5% | 0.5% |
Servion, Inc. | $3,125,000 | $1,055,000 | -66.2% | 0.4% |
HomeTown Bank | $1,685,000 | $1,040,000 | -38.3% | 0.4% |
BAY EQUITY LLC | $1,030,000 | n/a | 0.4% | |
BETTER MORTGAGE CORPORATION | $940,000 | n/a | 0.4% | |
PLAZA HOME MORTGAGE, INC. | $415,000 | $930,000 | 124.1% | 0.4% |
HOMESIDE FINANCIAL, LLC | $905,000 | n/a | 0.4% | |
GUARANTEED RATE AFFINITY, LLC | $465,000 | $890,000 | 91.4% | 0.4% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $905,000 | $800,000 | -11.6% | 0.3% |
NAVY FEDERAL CREDIT UNION | $95,000 | $785,000 | 726.3% | 0.3% |
NEWREZ LLC | $175,000 | $755,000 | 331.4% | 0.3% |
21ST MORTGAGE CORPORATION | $390,000 | $700,000 | 79.5% | 0.3% |
IOWA BANKERS MORTGAGE CORPORATION | $765,000 | $700,000 | -8.5% | 0.3% |
Tradition Mortgage, LLC | $415,000 | $645,000 | 55.4% | 0.3% |
VILLAGE CAPITAL & INVESTMENT LLC | $145,000 | $610,000 | 320.7% | 0.3% |
CROSSCOUNTRY MORTGAGE, LLC | $605,000 | n/a | 0.3% | |
Hometown Lenders, Inc. | $595,000 | n/a | 0.2% | |
Foresight Bank | $590,000 | n/a | 0.2% | |
MARINE | $125,000 | $590,000 | 372.0% | 0.2% |
PENTAGON FEDERAL CREDIT UNION | $590,000 | n/a | 0.2% | |
AMERICAN FINANCING CORPORATION | $235,000 | $565,000 | 140.4% | 0.2% |
JPMorgan Chase Bank | $1,045,000 | $540,000 | -48.3% | 0.2% |
Midwest Heritage Bank FSB | $265,000 | $520,000 | 96.2% | 0.2% |
USAA Federal Savings Bank | $925,000 | $500,000 | -45.9% | 0.2% |
HIWAY | $145,000 | $480,000 | 231.0% | 0.2% |
HOME POINT FINANCIAL CORPORATION | $165,000 | $470,000 | 184.8% | 0.2% |
MOVEMENT MORTGAGE, LLC | $460,000 | n/a | 0.2% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $115,000 | $435,000 | 278.3% | 0.2% |
Bank of America | $425,000 | n/a | 0.2% | |
BROKER SOLUTIONS, INC. | $295,000 | $420,000 | 42.4% | 0.2% |
MAYO EMPLOYEES FEDERAL CREDIT UNION | $565,000 | $415,000 | -26.5% | 0.2% |
Mortgages Unlimited Inc. | $165,000 | $400,000 | 142.4% | 0.2% |
The Federal Savings Bank | $380,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $115,000 | $370,000 | 221.7% | 0.2% |
Roundbank | $470,000 | $355,000 | -24.5% | 0.1% |
NATIONS DIRECT MORTGAGE, LLC | $345,000 | n/a | 0.1% | |
Deere Employees Credit Union | $1,120,000 | $340,000 | -69.6% | 0.1% |
F & M Community Bank | $350,000 | $340,000 | -2.9% | 0.1% |
ZILLOW HOME LOANS, LLC | $115,000 | $325,000 | 182.6% | 0.1% |
AFFINITY PLUS | $520,000 | $315,000 | -39.4% | 0.1% |
Hiawatha National Bank | $305,000 | n/a | 0.1% | |
American Mortgage & Equity Consultants, Inc. | $285,000 | n/a | 0.1% | |
FBC MORTGAGE, LLC | $285,000 | n/a | 0.1% | |
CHURCHILL MORTGAGE CORPORATION | $255,000 | $280,000 | 9.8% | 0.1% |
InterContinental Capital Group, Inc | $280,000 | n/a | 0.1% | |
CRESCENT MORTGAGE COMPANY | $495,000 | $275,000 | -44.4% | 0.1% |
HANCOCK MORTGAGE PARTNERS, LLC | $275,000 | n/a | 0.1% | |
NEW DAY FINANCIAL, LLC | $375,000 | $270,000 | -28.0% | 0.1% |
American Bank of the North | $255,000 | n/a | 0.1% | |
GUARANTY HOME MORTGAGE CORPORATION | $255,000 | n/a | 0.1% | |
THRIVENT Federal Credit Union | $255,000 | n/a | 0.1% | |
First Alliance Credit Union | $585,000 | $240,000 | -59.0% | 0.1% |
FIRST CENTENNIAL MORTGAGE CORPORATION | $235,000 | n/a | 0.1% | |
Kerndt Brothers Savings Bank | $235,000 | n/a | 0.1% | |
PROVIDENT FUNDING ASSOCIATES, L.P. | $230,000 | n/a | 0.1% | |
First Guaranty Mortgage Corporation | $225,000 | n/a | 0.1% | |
LOANPAL, LLC | $215,000 | n/a | 0.1% | |
MANN FINANCIAL INC. | $215,000 | n/a | 0.1% | |
SOVEREIGN LENDING GROUP INCORPORATED | $205,000 | n/a | 0.1% | |
Chicago Mortgage Solutions LLC | $195,000 | n/a | 0.1% | |
Gateway First Bank | $195,000 | n/a | 0.1% | |
WNB Financial, N.A. | $195,000 | n/a | 0.1% | |
AMERICAN INTERNET MORTGAGE, INC. | $185,000 | n/a | 0.1% | |
Citizens Community Federal | $1,050,000 | $170,000 | -83.8% | 0.1% |
RUOFF MORTGAGE COMPANY, INC. | $170,000 | n/a | 0.1% | |
Lake Area Bank | $165,000 | n/a | 0.1% | |
PHH Mortgage Corporation | $165,000 | n/a | 0.1% | |
Waterstone Mortgage Corporation | $515,000 | $165,000 | -68.0% | 0.1% |
Alerus Financial | $125,000 | $155,000 | 24.0% | 0.1% |
PARKSIDE LENDING, LLC | $155,000 | n/a | 0.1% | |
Plains Commerce Bank | $885,000 | $155,000 | -82.5% | 0.1% |
First Bank & Trust | $3,405,000 | $150,000 | -95.6% | 0.1% |
Choice Financial Group | $145,000 | n/a | 0.1% | |
Peoples State Bank of Plainview | $145,000 | n/a | 0.1% | |
SHAREPOINT CREDIT UNION | $145,000 | n/a | 0.1% | |
AMERICAN PORTFOLIO MORTGAGE CORPORATION | $135,000 | n/a | 0.1% | |
EMBRACE HOME LOANS, INC. | $205,000 | $135,000 | -34.1% | 0.1% |
FINANCE OF AMERICA REVERSE LLC | $85,000 | $135,000 | 58.8% | 0.1% |
Nations Lending Corporation | $135,000 | n/a | 0.1% | |
SUN WEST MORTGAGE COMPANY, INC. | $135,000 | n/a | 0.1% | |
SPIRE Credit Union | $125,000 | n/a | 0.1% | |
Willamette Valley Bank | $125,000 | n/a | 0.1% | |
KELLER MORTGAGE, LLC | $115,000 | n/a | 0.0% | |
LONGBRIDGE FINANCIAL, LLC | $115,000 | n/a | 0.0% | |
Low VA Rates, LLC | $115,000 | n/a | 0.0% | |
NBKC BANK | $75,000 | $115,000 | 53.3% | 0.0% |
Figure Lending LLC | $15,000 | $110,000 | 633.3% | 0.0% |
BMO Harris Bank | $105,000 | n/a | 0.0% | |
OCEANSIDE MORTGAGE COMPANY | $105,000 | n/a | 0.0% | |
PLANET HOME LENDING, LLC | $105,000 | n/a | 0.0% | |
Sierra Pacific Mortgage Company, Inc. | $95,000 | $95,000 | 0.0% | 0.0% |
AMERICAN ADVISORS GROUP | $75,000 | $85,000 | 13.3% | 0.0% |
Discover Bank | $85,000 | n/a | 0.0% | |
Old National Bank | $755,000 | $85,000 | -88.7% | 0.0% |
Arvest Bank | $65,000 | $75,000 | 15.4% | 0.0% |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
Fidelity Bank | $245,000 | $55,000 | -77.6% | 0.0% |
FINANCE OF AMERICA MORTGAGE LLC | $890,000 | $55,000 | -93.8% | 0.0% |
Northwest Bank | $335,000 | $55,000 | -83.6% | 0.0% |
BANKWEST, INC. | $45,000 | n/a | 0.0% | |
WINGS FINANCIAL | $240,000 | $35,000 | -85.4% | 0.0% |
Austin's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 13.7% market share. In second place, with 7.6%, is LAND HOME FINANCIAL SERVICES, INC., having originated $18,335,000 in loans. In third place, with 7.5%, is Wells Fargo Bank, having originated $18,005,000 in loans. In fourth place, with 6.7%, is Merchants Bank, having originated $16,235,000 in loans. In fifth place, with 6.3%, is Home Federal Savings Bank, having originated $15,120,000 in loans.
Austin Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Austin (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 | $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 | $129,900 (19.2%) | $164,802 (21.4%) | 0.00 | 118 |
2019-01-01 | $117,000 (3.2%) | $161,803 (21.1%) | 0.00 | 100 |
2019-02-01 | $112,200 (-6.4%) | $151,820 (15.2%) | 0.00 | 81 |
2019-03-01 | $129,671 (8.2%) | $165,087 (20.1%) | 0.00 | 89 |
2019-04-01 | $147,371 (1.8%) | $181,249 (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 (38.5%) | $200,126 (21.4%) | 0.00 | 113 |
2020-01-01 | $184,925 (58.1%) | $200,355 (23.8%) | 0.00 | 96 |
2020-02-01 | $179,900 (60.3%) | $194,646 (28.2%) | 0.00 | 86 |
2020-03-01 | $161,225 (24.3%) | $186,576 (13.0%) | 0.00 | 97 |
2020-04-01 | $145,550 (-1.2%) | $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 | $149,950 (3.0%) | $216,408 (15.4%) | 0.00 | 47 |
2021-05-01 | $144,950 (-9.1%) | $209,522 (6.0%) | 0.00 | 53 |
2021-06-01 | $139,225 (-20.8%) | $204,424 (-3.4%) | 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 (18.3%) | $205,421 (-5.1%) | 0.00 | 24 |
2022-05-01 | $181,125 (25.0%) | $218,828 (4.4%) | 0.00 | 33 |
2022-06-01 | $191,600 (37.6%) | $238,096 (16.5%) | 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 |
Austin's median listing price comes in at 0% of the national average.
Austin's average listing price for 2023-02-01 was $243,238, a difference of $82,150 (51.0%) versus the prior year and $5,130 versus the prior month.
For the 2023-02-01 period, Austin had 49 MLS listings, a difference of -6 listings (-11%) versus the prior month and 12 listings (32%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Austin (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 2,128 sqft |
2019-01-01 | 0 days | 1,428 sqft |
2019-02-01 | 0 days | 1,374 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 | 1,510 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 | 1,497 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 |
Austin's median square footage for active listings during the 2023-02-01 period was 1,825 sqft. One year prior, the average listing was 1,850 sqft.
Austin, MN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 664 | $123,200,000 | $185,542 |
Refi | 458 | $73,360,000 | $160,175 |
Cash Out Refi | 270 | $40,100,000 | $148,519 |
Home Improvement | 27 | $2,735,000 | $101,296 |
Other | 18 | $1,740,000 | $96,667 |
Austin's most frequently cited loan purpose was Home Purchase, with 664 originations. The 2nd most popular reason was Refi, with 458 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 545 | $87,225,000 | $160,046 |
3-4% | 508 | $98,200,000 | $193,307 |
<2.5% | 271 | $37,445,000 | $138,173 |
4-5% | 49 | $5,075,000 | $103,571 |
Over 8% | 10 | $560,000 | $56,000 |
7-8% | 7 | $705,000 | $100,714 |
5-6% | 5 | $205,000 | $41,000 |
6-7% | 3 | $95,000 | $31,667 |
During 2021, Austin's most frequently originated rate bucket was 2.5-3%, with 545 originations.
Loan Sizing (Austin, MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 644 | $90,700,000 | $140,839 |
$100,000 or less | 472 | $30,460,000 | $64,534 |
$200k-400k | 284 | $74,470,000 | $262,218 |
$400k-600k | 30 | $14,030,000 | $467,667 |
$Over $1MM | 7 | $31,475,000 | $4,496,429 |
Austin's loan sizing saw the bucket of loans from $100k-200k with 644 originations, totaling $90,700,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 577 | $105,365,000 | $182,608 |
60-80% | 483 | $87,165,000 | $180,466 |
40-60% | 172 | $22,420,000 | $130,349 |
Under 20% | 86 | $1,700,000 | $19,767 |
20-40% | 57 | $4,625,000 | $81,140 |
Over 100% | 8 | $2,140,000 | $267,500 |
Austin's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 577 originations, totaling $105,365,000 in origination value.