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 6.72% for the week of 2024-02-22, compared to the national average of 6.9% for the same period.

The average rate for the prior week (2024-02-15) was 6.99% and one month ago for the week of 2024-01-18, the average rate was 6.72%.

Austin's average rate one year ago was 6.87%.

For refis of the same type during the week of 2024-02-22, the average rate was 7.4%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-22 6.9%
Austin 30 Year Fixed Rate 2024-02-22 6.72%
Austin 30 Year Fixed Rate Refi 2024-02-22 7.4%
Austin 15 Year Fixed Rate 2024-02-22 6.49%
Austin 15 Year Fixed Rate Refi 2024-02-22 6.89%
Austin 30 Year FHA 2024-02-22 -0.05%
Austin 30 Year FHA Refi 2024-02-22 0.2%
Austin 30 Year USDA 2024-02-22 -0.1%
Austin 30 Year USDA Refi 2024-02-22 0.2%
Austin 30 Year VA 2024-02-22 0.1%
Austin 30 Year VA Refi 2024-02-22 -0.2%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 74 5.39% $4,029
LAND HOME FINANCIAL SERVICES, INC. 36 5.37% $5,720
Home Federal Savings Bank 25 4.93% $3,750
Bell Bank 24 5.41% $4,874
QUICKEN LOANS, LLC 20 4.95% $5,335
Bremer Bank 14 4.61% $5,187
Wells Fargo Bank 14 5.08% $2,873
U.S. Bank 11 4.79% $3,380
UNITED WHOLESALE MORTGAGE, LLC 9 5.65% $6,202
LOANDEPOT.COM, LLC 9 5.15% $5,427
GUARANTEED RATE, INC. 8 5.63% $4,936
Servion, Inc. 5 5.05% $4,034
COMPEER FINANCIAL, FLCA 5 5.53% $6,806
PREMIA MORTGAGE, LLC 4 4.72% $3,236
Flagstar Bank, FSB 4 4.53% $4,142
Prosperity Home Mortgage, LLC 4 4.75% $4,361
GUARANTEED RATE AFFINITY, LLC 4 5.40% $4,412
Manufacturers Bank & Trust Company 4 4.25% $3,222
Merchants Bank 3 4.98% $4,012
PNC Bank 3 5.33% $3,404
CARDINAL FINANCIAL 3 5.25% $8,619
BROKER SOLUTIONS, INC. 3 4.83% $4,105
First Federal Bank 3 4.92% $3,467
ALTRA 3 4.47% $4,114
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.81% $4,262
AMERISAVE MORTGAGE CORPORATION 2 6.31% $7,403
FREEDOM MORTGAGE CORPORATION 2 4.88% $5,819
Mr. Cooper ( Nationstar Mortgage ) 2 4.69% $5,257
M&T Bank 2 5.31% $5,378
MUTUAL OF OMAHA MORTGAGE, INC. 2 5.94% $5,822
PLAZA HOME MORTGAGE, INC. 2 5.93% $2,902
AFFINITY PLUS 2 4.25% $3,734
Think Mutual Bank 2 5.44% $4,715
Hometown Lenders, Inc. 1 6.13% $3,408
JPMorgan Chase Bank 1 4.63% $2,799
KELLER MORTGAGE, LLC 1 5.38% $5,653
ENVOY MORTGAGE, LTD 1 5.63% $2,626
Discover Bank 1 7.24% $0
DEEPHAVEN MORTGAGE LLC 1 6.25% $9,117
CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $3,980
MOVEMENT MORTGAGE, LLC 1 5.63% $4,667
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 5.25% $4,661
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.00% $4,541
American Mortgage & Equity Consultants, Inc. 1 5.25% $3,674
NEWREZ LLC 1 5.13% $5,442
ALLIANT CREDIT UNION 1 3.88% $2,755
CMG MORTGAGE, INC. 1 5.50% $3,952
Cambria Financial Group, LLC 1 5.88% $4,403
Willamette Valley Bank 1 6.13% $3,426
BETTER MORTGAGE CORPORATION 1 3.63% $4,805
AXIA FINANCIAL, LLC 1 5.13% $3,507
ROYAL UNITED MORTGAGE LLC 1 5.63% $7,055
RUOFF MORTGAGE COMPANY, INC. 1 3.00% $2,412
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.00% $7,377
The Huntington National Bank 1 5.25% $3,674
WINGS FINANCIAL 1 3.75% $3,683
First National Bank of Omaha 1 4.88% $5,142
TOWNE MORTGAGE COMPANY 1 6.75% $5,365
First Internet Bank of Indiana 1 5.25% $4,282
First International Bank & Trust 1 6.63% $0
GUARANTY HOME MORTGAGE CORPORATION 1 4.25% $4,167
First Alliance Credit Union 1 4.88% $3,847
HOME POINT FINANCIAL CORPORATION 1 5.99% $6,480

Austin Average Closing Costs & Other Stats

Austin, MN's 63 lenders originated 838 loans during 2022. The total origination value was $125,270,000, with an average loan value of $149,487.

Austin's average closing costs are $4,187.

The top Austin lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 74 loans originated. Their average total fees are $4,029, which is $1,692 lower than the next largest lender, LAND HOME FINANCIAL SERVICES, INC..

The lowest fee Austin lenders (with over 10 loans originated) are Wells Fargo Bank ($2,873), U.S. Bank ($3,380), Home Federal Savings Bank ($3,750), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,029) and Bell Bank ($4,874).

The lowest rate Austin lenders (with over 10 loans originated) are Bremer Bank (4.61%), U.S. Bank (4.79%), Home Federal Savings Bank (4.93%), QUICKEN LOANS, LLC (4.95%) and Wells Fargo Bank (5.08%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $32,990,000 $21,780,000 -34.0% 17.4%
LAND HOME FINANCIAL SERVICES, INC. $18,335,000 $9,260,000 -49.5% 7.4%
Home Federal Savings Bank $15,120,000 $7,525,000 -50.2% 6.0%
QUICKEN LOANS, LLC $13,290,000 $5,720,000 -57.0% 4.6%
Bell Bank $7,855,000 $5,600,000 -28.7% 4.5%
Manufacturers Bank & Trust Company $2,745,000 $5,190,000 89.1% 4.1%
LOANDEPOT.COM, LLC $3,875,000 $4,895,000 26.3% 3.9%
U.S. Bank $10,830,000 $4,705,000 -56.6% 3.8%
Wells Fargo Bank $18,005,000 $4,560,000 -74.7% 3.6%
Bremer Bank $8,985,000 $4,230,000 -52.9% 3.4%
Foresight Bank $590,000 $3,840,000 550.8% 3.1%
UNITED WHOLESALE MORTGAGE, LLC $3,825,000 $3,820,000 -0.1% 3.0%
GUARANTEED RATE, INC. $1,610,000 $3,730,000 131.7% 3.0%
COMPEER FINANCIAL, FLCA $3,885,000 $2,140,000 -44.9% 1.7%
PREMIA MORTGAGE, LLC $1,095,000 $2,130,000 94.5% 1.7%
ALTRA $2,510,000 $1,570,000 -37.5% 1.3%
Merchants Bank $16,235,000 $1,450,000 -91.1% 1.2%
GUARANTEED RATE AFFINITY, LLC $890,000 $1,240,000 39.3% 1.0%
21ST MORTGAGE CORPORATION $700,000 $1,220,000 74.3% 1.0%
Prosperity Home Mortgage, LLC $1,800,000 $1,100,000 -38.9% 0.9%
Mortgage Research Center, LLC $1,345,000 $1,080,000 -19.7% 0.9%
Servion, Inc. $1,055,000 $1,020,000 -3.3% 0.8%
NEWREZ LLC $755,000 $975,000 29.1% 0.8%
PNC Bank $960,000 n/a 0.8%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,215,000 $860,000 -61.2% 0.7%
AMERISAVE MORTGAGE CORPORATION $1,215,000 $825,000 -32.1% 0.7%
PRIMELENDING, A PLAINSCAPITAL COMPANY $800,000 $820,000 2.5% 0.7%
Think Mutual Bank $2,610,000 $815,000 -68.8% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $1,555,000 $800,000 -48.6% 0.6%
PLAZA HOME MORTGAGE, INC. $930,000 $800,000 -14.0% 0.6%
Flagstar Bank, FSB $1,255,000 $795,000 -36.7% 0.6%
FREEDOM MORTGAGE CORPORATION $6,795,000 $770,000 -88.7% 0.6%
EVERETT FINANCIAL, INC. $660,000 n/a 0.5%
Citizens State Bank of La Crosse $5,865,000 $625,000 -89.3% 0.5%
CROSSCOUNTRY MORTGAGE, LLC $605,000 $625,000 3.3% 0.5%
First Federal Bank $1,860,000 $570,000 -69.4% 0.5%
AFFINITY PLUS $315,000 $440,000 39.7% 0.4%
F & M Community Bank $340,000 $440,000 29.4% 0.4%
Cambria Financial Group, LLC $435,000 n/a 0.3%
TOWNE MORTGAGE COMPANY $1,135,000 $430,000 -62.1% 0.3%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $415,000 n/a 0.3%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $135,000 $405,000 200.0% 0.3%
BROKER SOLUTIONS, INC. $420,000 $390,000 -7.1% 0.3%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $75,000 $390,000 420.0% 0.3%
Barrington Bank & Trust Company, N.A. $1,315,000 $380,000 -71.1% 0.3%
Citizens Bank $365,000 n/a 0.3%
RESULTS MORTGAGE, LLC $1,430,000 $345,000 -75.9% 0.3%
First National Bank of Omaha $335,000 n/a 0.3%
KELLER MORTGAGE, LLC $115,000 $325,000 182.6% 0.3%
Bank of America $425,000 $315,000 -25.9% 0.3%
M&T Bank $305,000 n/a 0.2%
LAKEVIEW LOAN SERVICING, LLC $1,790,000 $295,000 -83.5% 0.2%
WINGS FINANCIAL $35,000 $295,000 742.9% 0.2%
American Mortgage & Equity Consultants, Inc. $285,000 $285,000 0.0% 0.2%
The Huntington National Bank $285,000 n/a 0.2%
Sierra Pacific Mortgage Company, Inc. $95,000 $275,000 189.5% 0.2%
Coulee Bank $270,000 n/a 0.2%
Discover Bank $85,000 $270,000 217.6% 0.2%
Summit Mortgage Corporation $270,000 n/a 0.2%
FINANCE OF AMERICA MORTGAGE LLC $55,000 $265,000 381.8% 0.2%
MILEND, INC. $265,000 n/a 0.2%
PENNYMAC LOAN SERVICES, LLC $1,455,000 $265,000 -81.8% 0.2%
ROYAL UNITED MORTGAGE LLC $370,000 $255,000 -31.1% 0.2%
ALLIANT CREDIT UNION $245,000 n/a 0.2%
Willamette Valley Bank $125,000 $225,000 80.0% 0.2%
HOME POINT FINANCIAL CORPORATION $470,000 $215,000 -54.3% 0.2%
DEEPHAVEN MORTGAGE LLC $205,000 n/a 0.2%
MAYO EMPLOYEES FEDERAL CREDIT UNION $415,000 $200,000 -51.8% 0.2%
HomeTown Bank $1,040,000 $195,000 -81.3% 0.2%
Midwest Heritage Bank FSB $520,000 $195,000 -62.5% 0.2%
MOVEMENT MORTGAGE, LLC $460,000 $195,000 -57.6% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $435,000 $190,000 -56.3% 0.2%
AXIA FINANCIAL, LLC $185,000 n/a 0.1%
Equity Prime Mortgage LLC $185,000 n/a 0.1%
Mortgages Unlimited Inc. $400,000 $180,000 -55.0% 0.1%
NEW DAY FINANCIAL, LLC $270,000 $180,000 -33.3% 0.1%
SPRING EQ, LLC $180,000 n/a 0.1%
Goldwater Bank, N.A. $175,000 n/a 0.1%
Presidential Bank, FSB $165,000 n/a 0.1%
Eitzen State Bank $155,000 n/a 0.1%
Figure Lending LLC $110,000 $150,000 36.4% 0.1%
First Alliance Credit Union $240,000 $150,000 -37.5% 0.1%
Minnesota Valley Federal Credit Union $145,000 n/a 0.1%
FAY SERVICING, LLC $140,000 n/a 0.1%
American Investors Bank and Mortgage $135,000 n/a 0.1%
Citizens Alliance Bank $135,000 n/a 0.1%
CMG MORTGAGE, INC. $135,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $940,000 $125,000 -86.7% 0.1%
First Internet Bank of Indiana $125,000 n/a 0.1%
First National Bank of America $125,000 n/a 0.1%
ENVOY MORTGAGE, LTD $115,000 n/a 0.1%
GUARANTY HOME MORTGAGE CORPORATION $255,000 $115,000 -54.9% 0.1%
VILLAGE CAPITAL MORTGAGE $610,000 $115,000 -81.1% 0.1%
Woodlands National Bank $115,000 n/a 0.1%
JPMorgan Chase Bank $540,000 $105,000 -80.6% 0.1%
MID AMERICA MORTGAGE, INC. $105,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $135,000 $105,000 -22.2% 0.1%
Hometown Lenders, Inc. $595,000 $95,000 -84.0% 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $85,000 n/a 0.1%
First International Bank & Trust $75,000 n/a 0.1%
LOANPAL, LLC $215,000 $75,000 -65.1% 0.1%
Truist $75,000 n/a 0.1%
RUOFF MORTGAGE COMPANY, INC. $170,000 $65,000 -61.8% 0.1%
NAVY FEDERAL CREDIT UNION $785,000 $55,000 -93.0% 0.0%
THRIVENT Federal Credit Union $255,000 $55,000 -78.4% 0.0%
Community Resource Bank $45,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $135,000 $45,000 -66.7% 0.0%
MARINE $590,000 $35,000 -94.1% 0.0%
AMERICAN ADVISORS GROUP $85,000 $25,000 -70.6% 0.0%
Associated Bank $1,960,000 $15,000 -99.2% 0.0%

Austin's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 17.4% market share. In second place, with 7.4%, is LAND HOME FINANCIAL SERVICES, INC., having originated $9,260,000 in loans. In third place, with 6.0%, is Home Federal Savings Bank, having originated $7,525,000 in loans. In fourth place, with 4.6%, is QUICKEN LOANS, LLC, having originated $5,720,000 in loans. In fifth place, with 4.5%, is Bell Bank, having originated $5,600,000 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
Austin's median listing price for 2023-12-01 was $209,900, a difference of $30,000 (16.7%) versus the prior year and $-100 versus the prior month.

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

Austin's average listing price for 2023-12-01 was $260,483, a difference of $28,818 (12.4%) versus the prior year and $4,719 versus the prior month.

For the 2023-12-01 period, Austin had 69 MLS listings, a difference of -11 listings (-14%) versus the prior month and 7 listings (11%) 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
Austin's median listing age (time on market) for 2023-12-01 was 0 days.

Austin's median square footage for active listings during the 2023-12-01 period was 1,921 sqft. One year prior, the average listing was 1,712 sqft.

Austin, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 542 $86,020,000 $158,708
Cash Out Refi 141 $21,665,000 $153,652
Refi 89 $13,175,000 $148,034
Home Improvement 38 $2,530,000 $66,579
Other 28 $1,880,000 $67,143

Austin's most frequently cited loan purpose was Home Purchase, with 542 originations. The 2nd most popular reason was Cash Out Refi, with 141 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 235 $37,005,000 $157,468
4-5% 191 $30,115,000 $157,670
3-4% 144 $25,040,000 $173,889
6-7% 114 $16,170,000 $141,842
7-8% 37 $4,105,000 $110,946
2.5-3% 32 $5,320,000 $166,250
<2.5% 26 $1,230,000 $47,308
Over 8% 16 $990,000 $61,875

During 2022, Austin's most frequently originated rate bucket was 5-6%, with 235 originations.

Loan Sizing (Austin, MN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 362 $52,830,000 $145,939
$100,000 or less 295 $16,785,000 $56,898
$200k-400k 158 $41,940,000 $265,443
$400k-600k 18 $8,090,000 $449,444
$600k-1000k 4 $2,970,000 $742,500
$Over $1MM 1 $2,655,000 $2,655,000

Austin's loan sizing saw the bucket of loans from $100k-200k with 362 originations, totaling $52,830,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 385 $69,965,000 $181,727
60-80% 207 $33,325,000 $160,990
Under 20% 98 $2,490,000 $25,408
40-60% 70 $9,070,000 $129,571
20-40% 40 $3,040,000 $76,000
Over 100% 7 $1,375,000 $196,429

Austin's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 385 originations, totaling $69,965,000 in origination value.