Austin Mortgage Rates & Closing Costs
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% |
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 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. 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 | $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 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. 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 | 2,131 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 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.