Austin Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Austin averaged 7.17% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.75% and one month ago for the week of 2024-03-14, the average rate was 7.01%.

    Austin's average rate one year ago was 6.44%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.2%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Austin 30 Year Fixed Rate 2024-04-18 7.17%
    Austin 30 Year Fixed Rate Refi 2024-04-18 7.2%
    Austin 15 Year Fixed Rate 2024-04-18 6.59%
    Austin 15 Year Fixed Rate Refi 2024-04-18 6.59%
    Austin 30 Year FHA 2024-04-18 7.03%
    Austin 30 Year FHA Refi 2024-04-18 7.06%
    Austin 30 Year USDA 2024-04-18 6.96%
    Austin 30 Year USDA Refi 2024-04-18 6.66%
    Austin 30 Year VA 2024-04-18 6.66%
    Austin 30 Year VA Refi 2024-04-18 6.86%
    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
    Austin's median listing price for 2024-03-01 was $199,450, a difference of $20,550 (11.5%) versus the prior year and $-19,000 versus the prior month.

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

    Austin's average listing price for 2024-03-01 was $273,958, a difference of $35,855 (15.1%) versus the prior year and $-2,194 versus the prior month.

    For the 2024-03-01 period, Austin had 44 MLS listings, a difference of -7 listings (-14%) versus the prior month and -8 listings (-15%) 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
    Austin's median listing age (time on market) for 2024-03-01 was 0 days.

    Austin's median square footage for active listings during the 2024-03-01 period was 1,833 sqft. One year prior, the average listing was 1,727 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.