BANGOR Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Bangor averaged
6.58%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.1% and
one month ago for the week of 2023-04-20, the
average rate was 6.2%.
Bangor's average rate one year ago was 5.06%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.85%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
Bangor 30 Year Fixed Rate | 2023-05-25 | 6.58% |
Bangor 30 Year Fixed Rate Refi | 2023-05-25 | 5.85% |
Bangor 15 Year Fixed Rate | 2023-05-25 | 6.04% |
Bangor 15 Year Fixed Rate Refi | 2023-05-25 | 6.27% |
Bangor 30 Year FHA | 2023-05-25 | 6.22% |
Bangor 30 Year FHA Refi | 2023-05-25 | 6.81% |
Bangor 30 Year USDA | 2023-05-25 | 5.41% |
Bangor 30 Year USDA Refi | 2023-05-25 | 6.73% |
Bangor 30 Year VA | 2023-05-25 | 6.21% |
Bangor 30 Year VA Refi | 2023-05-25 | 6.61% |
BANGOR 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 BANGOR, ME 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.).
BANGOR Average Closing Costs & Other Stats
BANGOR, ME's 104 lenders originated 3,846
loans during 2022. The total origination value was $721,760,000, with an average loan value of
$187,665.
BANGOR's average closing costs are $4,406.
The top BANGOR lender as defined by loan originations is Bangor Savings Bank, with
180 loans originated. Their average total fees are
$3,273, which is $2,732
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee BANGOR lenders (with over 10 loans originated) are
TD Bank ($2,303), First National Bank ($3,132), Maine Savings Federal Credit Union ($3,174), Bangor Savings Bank ($3,273) and JPMorgan Chase Bank ($3,697).
The lowest rate BANGOR lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC (4.25%), CUSO MORTGAGE CORPORATION (4.38%), TD Bank (4.52%), KeyBank (4.54%) and TOTAL MORTGAGE SERVICES, LLC (4.74%).
BANGOR, ME 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 |
---|---|---|---|---|
Bangor Savings Bank | $180,905,000 | $127,565,000 | -29.5% | 17.7% |
The Camden National Bank | $44,170,000 | $43,165,000 | -2.3% | 6.0% |
First National Bank | $34,900,000 | $41,225,000 | 18.1% | 5.7% |
QUICKEN LOANS, LLC | $72,595,000 | $39,960,000 | -45.0% | 5.5% |
LEADERONE FINANCIAL CORPORATION | $36,555,000 | $37,330,000 | 2.1% | 5.2% |
Machias Savings Bank | $38,430,000 | $31,750,000 | -17.4% | 4.4% |
Maine Savings Federal Credit Union | $35,200,000 | $27,230,000 | -22.6% | 3.8% |
Brookline Bank | $22,005,000 | n/a | 3.0% | |
GUILD MORTGAGE COMPANY | $2,185,000 | $21,965,000 | 905.3% | 3.0% |
CMG MORTGAGE, INC. | $31,770,000 | $20,875,000 | -34.3% | 2.9% |
Katahdin Trust Company | $23,505,000 | $18,780,000 | -20.1% | 2.6% |
KeyBank | $24,465,000 | $18,220,000 | -25.5% | 2.5% |
Mortgage Research Center, LLC | $17,665,000 | $17,350,000 | -1.8% | 2.4% |
UNITED WHOLESALE MORTGAGE, LLC | $9,415,000 | $15,245,000 | 61.9% | 2.1% |
University Credit Union | $22,620,000 | $14,430,000 | -36.2% | 2.0% |
TD Bank | $11,155,000 | $11,835,000 | 6.1% | 1.6% |
LOANDEPOT.COM, LLC | $10,460,000 | $10,280,000 | -1.7% | 1.4% |
CROSSCOUNTRY MORTGAGE, LLC | $8,080,000 | $8,570,000 | 6.1% | 1.2% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $6,110,000 | $8,450,000 | 38.3% | 1.2% |
CUSO MORTGAGE CORPORATION | $33,705,000 | $8,055,000 | -76.1% | 1.1% |
EMBRACE HOME LOANS, INC. | $6,595,000 | $6,635,000 | 0.6% | 0.9% |
Mortgage Network, Inc. | $21,005,000 | $6,545,000 | -68.8% | 0.9% |
Bar Harbor Bank & Trust | $5,515,000 | $6,430,000 | 16.6% | 0.9% |
NAVY FEDERAL CREDIT UNION | $7,900,000 | $5,970,000 | -24.4% | 0.8% |
Mr. Cooper ( Nationstar Mortgage ) | $10,075,000 | $5,770,000 | -42.7% | 0.8% |
Bangor Federal Credit Union | $5,510,000 | n/a | 0.8% | |
AMERISAVE MORTGAGE CORPORATION | $8,045,000 | $5,255,000 | -34.7% | 0.7% |
PENNYMAC LOAN SERVICES, LLC | $8,785,000 | $5,140,000 | -41.5% | 0.7% |
SEBASTICOOK VALLEY Federal Credit Union | $8,675,000 | $4,745,000 | -45.3% | 0.7% |
Wells Fargo Bank | $9,015,000 | $4,580,000 | -49.2% | 0.6% |
KATAHDIN FCU | $4,520,000 | n/a | 0.6% | |
Deere Employees Credit Union | $3,140,000 | $4,495,000 | 43.2% | 0.6% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $14,310,000 | $4,445,000 | -68.9% | 0.6% |
MAINE HIGHLANDS FEDERAL CREDIT UNION | $3,640,000 | $4,345,000 | 19.4% | 0.6% |
Acadia Federal Credit Union | $5,495,000 | $4,285,000 | -22.0% | 0.6% |
CALIBER HOME LOANS, INC. | $3,870,000 | $4,275,000 | 10.5% | 0.6% |
SEABOARD FEDERAL CREDIT UNION | $5,605,000 | $4,230,000 | -24.5% | 0.6% |
USAA Federal Savings Bank | $6,130,000 | $3,945,000 | -35.6% | 0.5% |
TOTAL MORTGAGE SERVICES, LLC | $2,805,000 | $3,780,000 | 34.8% | 0.5% |
FREEDOM MORTGAGE CORPORATION | $27,680,000 | $3,445,000 | -87.6% | 0.5% |
JPMorgan Chase Bank | $4,530,000 | $2,990,000 | -34.0% | 0.4% |
NORTHERN MORTGAGE SERVICES, LLC | $2,660,000 | $2,955,000 | 11.1% | 0.4% |
NEWREZ LLC | $6,655,000 | $2,495,000 | -62.5% | 0.3% |
Skowhegan Savings Bank | $4,220,000 | $2,455,000 | -41.8% | 0.3% |
Kennebec Savings Bank | $2,800,000 | $2,275,000 | -18.8% | 0.3% |
BROKER SOLUTIONS, INC. | $2,820,000 | $2,210,000 | -21.6% | 0.3% |
BETTER MORTGAGE CORPORATION | $5,955,000 | $2,125,000 | -64.3% | 0.3% |
Citizens Bank | $2,005,000 | $2,010,000 | 0.2% | 0.3% |
ACADEMY MORTGAGE CORPORATION | $8,990,000 | $1,990,000 | -77.9% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $930,000 | $1,960,000 | 110.8% | 0.3% |
AMERICAN FINANCING CORPORATION | $2,585,000 | $1,945,000 | -24.8% | 0.3% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,700,000 | $1,800,000 | -33.3% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $4,115,000 | $1,500,000 | -63.5% | 0.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $360,000 | $1,440,000 | 300.0% | 0.2% |
The Federal Savings Bank | $2,110,000 | $1,250,000 | -40.8% | 0.2% |
Morgan Stanley Private Bank | $1,220,000 | n/a | 0.2% | |
Ally Bank | $475,000 | $1,185,000 | 149.5% | 0.2% |
EVERETT FINANCIAL, INC. | $790,000 | $1,100,000 | 39.2% | 0.2% |
SALEM FIVE MORTGAGE COMPANY, LLC | $235,000 | $1,070,000 | 355.3% | 0.1% |
HOME POINT FINANCIAL CORPORATION | $2,105,000 | $1,035,000 | -50.8% | 0.1% |
Barrington Bank & Trust Company, N.A. | $1,590,000 | $1,010,000 | -36.5% | 0.1% |
NEW DAY FINANCIAL, LLC | $3,990,000 | $1,010,000 | -74.7% | 0.1% |
RELIANCE FIRST CAPITAL, LLC | $1,150,000 | $1,005,000 | -12.6% | 0.1% |
U.S. Bank | $840,000 | $990,000 | 17.9% | 0.1% |
Bank of America | $3,885,000 | $985,000 | -74.6% | 0.1% |
BNC National Bank | $265,000 | $900,000 | 239.6% | 0.1% |
NORTHEAST HOME LOAN, LLC | $1,930,000 | $900,000 | -53.4% | 0.1% |
Down East Credit Union | $1,485,000 | $875,000 | -41.1% | 0.1% |
Magnolia Bank | $425,000 | $855,000 | 101.2% | 0.1% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $115,000 | $835,000 | 626.1% | 0.1% |
M&T Bank | $700,000 | $830,000 | 18.6% | 0.1% |
Discover Bank | $270,000 | $800,000 | 196.3% | 0.1% |
Norway Savings Bank | $425,000 | $765,000 | 80.0% | 0.1% |
NORTHPOINT MORTGAGE, INC. | $1,655,000 | $710,000 | -57.1% | 0.1% |
BAY EQUITY LLC | $705,000 | n/a | 0.1% | |
Farm Credit East, ACA | $145,000 | $700,000 | 382.8% | 0.1% |
AMERICAN FINANCIAL RESOURCES, INC. | $1,965,000 | $680,000 | -65.4% | 0.1% |
CPORT | $475,000 | $620,000 | 30.5% | 0.1% |
Androscoggin Savings Bank | $375,000 | $605,000 | 61.3% | 0.1% |
MOVEMENT MORTGAGE, LLC | $810,000 | $595,000 | -26.5% | 0.1% |
Carrington Mortgage Services, LLC | $2,695,000 | $590,000 | -78.1% | 0.1% |
FINANCE OF AMERICA MORTGAGE LLC | $585,000 | n/a | 0.1% | |
DAS Acquisition Company, LLC | $350,000 | $555,000 | 58.6% | 0.1% |
Northpointe Bank | $1,345,000 | $520,000 | -61.3% | 0.1% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $640,000 | $500,000 | -21.9% | 0.1% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $165,000 | $500,000 | 203.0% | 0.1% |
PNC Bank | $515,000 | $490,000 | -4.9% | 0.1% |
ENVOY MORTGAGE, LTD | $485,000 | n/a | 0.1% | |
INTEGRITY MORTGAGE LLC | $340,000 | $460,000 | 35.3% | 0.1% |
SIS BANCORP, MHC | $600,000 | $455,000 | -24.2% | 0.1% |
SOFI LENDING CORP. | $575,000 | $430,000 | -25.2% | 0.1% |
CHERRY CREEK MORTGAGE, LLC | $415,000 | n/a | 0.1% | |
SPRING EQ, LLC | $295,000 | $415,000 | 40.7% | 0.1% |
Mid-Continent Funding, Inc. | $405,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $145,000 | $400,000 | 175.9% | 0.1% |
Figure Lending LLC | $100,000 | $360,000 | 260.0% | 0.0% |
People's United Bank | $370,000 | $355,000 | -4.1% | 0.0% |
REVERSE MORTGAGE FUNDING LLC | $355,000 | n/a | 0.0% | |
Saco & Biddeford Savings Institution | $355,000 | n/a | 0.0% | |
Community First National Bank | $225,000 | $345,000 | 53.3% | 0.0% |
GUARANTEED RATE, INC. | $2,665,000 | $345,000 | -87.1% | 0.0% |
Flagstar Bank, FSB | $1,245,000 | $340,000 | -72.7% | 0.0% |
Nations Lending Corporation | $555,000 | $340,000 | -38.7% | 0.0% |
First Home Bank | $330,000 | n/a | 0.0% | |
First Guaranty Mortgage Corporation | $1,150,000 | $320,000 | -72.2% | 0.0% |
SIRVA MORTGAGE, INC. | $315,000 | n/a | 0.0% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $305,000 | n/a | 0.0% | |
FirstBank | $305,000 | n/a | 0.0% | |
Fifth Third Bank | $295,000 | n/a | 0.0% | |
FIRST COMMUNITY MORTGAGE, INC. | $295,000 | n/a | 0.0% | |
HOMESTEAD FUNDING CORP. | $275,000 | n/a | 0.0% | |
GSF Mortgage Corporation | $255,000 | n/a | 0.0% | |
LIMA ONE CAPITAL, LLC | $255,000 | n/a | 0.0% | |
Rockland Trust Company | $255,000 | n/a | 0.0% | |
OCEANSIDE MORTGAGE COMPANY | $165,000 | $250,000 | 51.5% | 0.0% |
FIRST HOME MORTGAGE CORPORATION | $245,000 | n/a | 0.0% | |
AMERICAN INTERNET MORTGAGE, INC. | $165,000 | $235,000 | 42.4% | 0.0% |
DRAPER AND KRAMER MORTGAGE CORP. | $285,000 | $235,000 | -17.5% | 0.0% |
First National Bank of America | $95,000 | $235,000 | 147.4% | 0.0% |
FIVE COUNTY | $415,000 | $235,000 | -43.4% | 0.0% |
American Airlines Federal Credit Union | $205,000 | $225,000 | 9.8% | 0.0% |
MORTGAGE EQUITY PARTNERS LLC | $225,000 | n/a | 0.0% | |
NORTHEAST CREDIT UNION | $120,000 | $225,000 | 87.5% | 0.0% |
Equity Prime Mortgage LLC | $215,000 | n/a | 0.0% | |
Bath Savings Institution | $205,000 | n/a | 0.0% | |
Quontic Bank | $2,290,000 | $205,000 | -91.0% | 0.0% |
MEGASTAR FINANCIAL CORP. | $195,000 | n/a | 0.0% | |
Meridian Bank Corporation | $195,000 | n/a | 0.0% | |
National Exchange Bank and Trust | $195,000 | n/a | 0.0% | |
NORWICH COMMERCIAL GROUP, INC. | $380,000 | $195,000 | -48.7% | 0.0% |
RESIDENTIAL BANCORP. | $265,000 | $195,000 | -26.4% | 0.0% |
BOKF | $185,000 | n/a | 0.0% | |
Prosperity Home Mortgage, LLC | $185,000 | n/a | 0.0% | |
American Mortgage & Equity Consultants, Inc. | $175,000 | n/a | 0.0% | |
DREW MORTGAGE ASSOCIATES, INC. | $165,000 | n/a | 0.0% | |
EVERGREEN | $95,000 | $165,000 | 73.7% | 0.0% |
Firstrust Savings Bank | $435,000 | $165,000 | -62.1% | 0.0% |
NETWORK CAPITAL FUNDING CORPORATION | $165,000 | n/a | 0.0% | |
TRIAD FINANCIAL SERVICES, INC. | $15,000 | $165,000 | 1,000.0% | 0.0% |
AMERICAN ADVISORS GROUP | $275,000 | $155,000 | -43.6% | 0.0% |
Arvest Bank | $195,000 | $155,000 | -20.5% | 0.0% |
EMM LOANS LLC | $265,000 | $155,000 | -41.5% | 0.0% |
First Internet Bank of Indiana | $205,000 | $155,000 | -24.4% | 0.0% |
GENEVA FINANCIAL, LLC | $155,000 | n/a | 0.0% | |
OCMBC, INC. | $1,080,000 | $155,000 | -85.6% | 0.0% |
Texana Bank | $155,000 | n/a | 0.0% | |
Paramount Residential Mortgage Group, Inc. | $1,265,000 | $145,000 | -88.5% | 0.0% |
21ST MORTGAGE CORPORATION | $65,000 | $135,000 | 107.7% | 0.0% |
GUARANTEED RATE AFFINITY, LLC | $135,000 | n/a | 0.0% | |
TRADEMARK | $320,000 | $135,000 | -57.8% | 0.0% |
Willamette Valley Bank | $135,000 | n/a | 0.0% | |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $365,000 | $125,000 | -65.8% | 0.0% |
STEARNS LENDING, LLC | $125,000 | n/a | 0.0% | |
Baxter Credit Union | $115,000 | n/a | 0.0% | |
NFM, INC. | $115,000 | n/a | 0.0% | |
ARC HOME LLC | $105,000 | n/a | 0.0% | |
Chicago Mortgage Solutions LLC | $105,000 | n/a | 0.0% | |
LENDINGONE, LLC | $105,000 | n/a | 0.0% | |
MORTGAGE ACCESS CORP. | $255,000 | $105,000 | -58.8% | 0.0% |
UNITED | $95,000 | n/a | 0.0% | |
LONGBRIDGE FINANCIAL, LLC | $85,000 | n/a | 0.0% | |
State Department Federal Credit Union | $85,000 | n/a | 0.0% | |
ATLANTIC REGIONAL FEDERAL CREDIT UNION | $205,000 | $80,000 | -61.0% | 0.0% |
TOWN & COUNTRY FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
Wyndham Capital Mortgage, Inc. | $420,000 | $75,000 | -82.1% | 0.0% |
CUMBERLAND COUNTY | $65,000 | n/a | 0.0% | |
DIGITAL Federal Credit Union | $495,000 | $65,000 | -86.9% | 0.0% |
EASTMAN | $65,000 | n/a | 0.0% | |
NUMARK CREDIT UNION | $65,000 | n/a | 0.0% | |
PHH Mortgage Corporation | $615,000 | $65,000 | -89.4% | 0.0% |
United States Senate Federal Credit Union | $55,000 | n/a | 0.0% | |
First Federal Savings and Loan Association of Bath | $125,000 | $45,000 | -64.0% | 0.0% |
FIRST TECHNOLOGY | $45,000 | n/a | 0.0% |
BANGOR's top lender by overall market share is Bangor Savings Bank, with 17.7% market share. In second place, with 6.0%, is The Camden National Bank, having originated $43,165,000 in loans. In third place, with 5.7%, is First National Bank, having originated $41,225,000 in loans. In fourth place, with 5.5%, is QUICKEN LOANS, LLC, having originated $39,960,000 in loans. In fifth place, with 5.2%, is LEADERONE FINANCIAL CORPORATION, having originated $37,330,000 in loans.
BANGOR Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - BANGOR (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 | $148,000 (-0.7%) | $181,180 (-3.2%) | 0.55 | 789 |
2018-02-01 | $144,850 (-3.3%) | $182,807 (-2.9%) | 0.53 | 723 |
2018-03-01 | $149,250 (-1.8%) | $188,936 (-1.2%) | 0.52 | 712 |
2018-04-01 | $149,900 (-5.7%) | $191,298 (-2.3%) | 0.51 | 727 |
2018-05-01 | $159,000 (-0.6%) | $197,646 (2.2%) | 0.53 | 761 |
2018-06-01 | $164,000 (2.6%) | $202,033 (4.5%) | 0.55 | 816 |
2018-07-01 | $169,000 (6.3%) | $208,976 (10.2%) | 0.56 | 903 |
2018-08-01 | $166,722 (9.3%) | $205,057 (9.1%) | 0.56 | 913 |
2018-09-01 | $168,000 (8.5%) | $198,264 (3.5%) | 0.56 | 883 |
2018-10-01 | $159,900 (3.2%) | $191,212 (-0.7%) | 0.54 | 892 |
2018-11-01 | $159,900 (6.7%) | $190,366 (0.3%) | 0.54 | 848 |
2018-12-01 | $157,500 (5.4%) | $185,087 (-1.0%) | 0.54 | 773 |
2019-01-01 | $154,900 (4.7%) | $182,611 (0.8%) | 0.54 | 712 |
2019-02-01 | $159,450 (10.1%) | $188,379 (3.1%) | 0.54 | 686 |
2019-03-01 | $164,900 (10.5%) | $196,233 (3.9%) | 0.55 | 637 |
2019-04-01 | $165,575 (10.5%) | $199,599 (4.3%) | 0.53 | 627 |
2019-05-01 | $165,000 (3.8%) | $203,114 (2.8%) | 0.52 | 680 |
2019-06-01 | $169,000 (3.1%) | $207,206 (2.6%) | 0.53 | 751 |
2019-07-01 | $169,900 (0.5%) | $207,426 (-0.7%) | 0.53 | 815 |
2019-08-01 | $169,700 (1.8%) | $206,588 (0.8%) | 0.53 | 857 |
2019-09-01 | $169,995 (1.2%) | $212,452 (7.2%) | 0.54 | 723 |
2019-10-01 | $169,900 (6.3%) | $212,266 (11.0%) | 0.55 | 731 |
2019-11-01 | $169,900 (6.3%) | $208,443 (9.5%) | 0.56 | 682 |
2019-12-01 | $165,000 (4.8%) | $207,664 (12.2%) | 0.55 | 624 |
2020-01-01 | $165,000 (6.5%) | $209,794 (14.9%) | 0.55 | 565 |
2020-02-01 | $165,000 (3.5%) | $209,883 (11.4%) | 0.54 | 541 |
2020-03-01 | $166,475 (1.0%) | $212,764 (8.4%) | 0.52 | 527 |
2020-04-01 | $165,600 (0.0%) | $205,152 (2.8%) | 0.52 | 512 |
2020-05-01 | $179,900 (9.0%) | $215,016 (5.9%) | 0.55 | 480 |
2020-06-01 | $177,425 (5.0%) | $217,170 (4.8%) | 0.52 | 451 |
2020-07-01 | $192,000 (13.0%) | $226,109 (9.0%) | 0.56 | 436 |
2020-08-01 | $184,450 (8.7%) | $223,009 (8.0%) | 0.53 | 396 |
2020-09-01 | $183,175 (7.8%) | $219,300 (3.2%) | 0.52 | 397 |
2020-10-01 | $174,950 (3.0%) | $217,465 (2.5%) | 0.50 | 371 |
2020-11-01 | $179,900 (5.9%) | $225,636 (8.3%) | 0.53 | 360 |
2020-12-01 | $189,225 (14.7%) | $232,910 (12.2%) | 0.56 | 325 |
2021-01-01 | $185,250 (12.3%) | $235,518 (12.3%) | 0.55 | 269 |
2021-02-01 | $204,000 (23.6%) | $245,362 (16.9%) | 0.59 | 206 |
2021-03-01 | $217,175 (30.5%) | $255,297 (20.0%) | 0.62 | 185 |
2021-04-01 | $219,250 (32.4%) | $263,925 (28.7%) | 0.59 | 185 |
2021-05-01 | $229,000 (27.3%) | $269,771 (25.5%) | 0.61 | 225 |
2021-06-01 | $238,700 (34.5%) | $280,498 (29.2%) | 0.63 | 275 |
2021-07-01 | $234,900 (22.3%) | $286,166 (26.6%) | 0.62 | 320 |
2021-08-01 | $227,450 (23.3%) | $273,909 (22.8%) | 0.61 | 377 |
2021-09-01 | $229,900 (25.5%) | $273,210 (24.6%) | 0.61 | 377 |
2021-10-01 | $219,900 (25.7%) | $263,683 (21.3%) | 0.59 | 332 |
2021-11-01 | $219,000 (21.7%) | $266,541 (18.1%) | 0.59 | 309 |
2021-12-01 | $199,975 (5.7%) | $265,428 (14.0%) | 0.54 | 259 |
2022-01-01 | $199,500 (7.7%) | $278,439 (18.2%) | 0.54 | 185 |
2022-02-01 | $199,975 (-2.0%) | $282,487 (15.1%) | 0.52 | 175 |
2022-03-01 | $224,950 (3.6%) | $281,311 (10.2%) | 0.56 | 179 |
2022-04-01 | $239,450 (9.2%) | $273,186 (3.5%) | 0.57 | 181 |
2022-05-01 | $245,500 (7.2%) | $276,661 (2.6%) | 0.56 | 225 |
2022-06-01 | $249,500 (4.5%) | $298,761 (6.5%) | 0.56 | 306 |
2022-07-01 | $248,700 (5.9%) | $319,201 (11.5%) | 0.56 | 339 |
2022-08-01 | $234,950 (3.3%) | $312,661 (14.2%) | 0.54 | 357 |
2022-09-01 | $244,450 (6.3%) | $321,540 (17.7%) | 0.57 | 336 |
2022-10-01 | $249,000 (13.2%) | $314,750 (19.4%) | 0.59 | 328 |
2022-11-01 | $242,250 (10.6%) | $303,926 (14.0%) | 0.58 | 305 |
2022-12-01 | $232,450 (16.2%) | $300,355 (13.2%) | 0.57 | 258 |
2023-01-01 | $229,900 (15.2%) | $302,589 (8.7%) | 0.57 | 223 |
2023-02-01 | $243,350 (21.7%) | $316,042 (11.9%) | 0.59 | 199 |
2023-03-01 | $249,500 (10.9%) | $324,152 (15.2%) | 0.59 | 177 |
2023-04-01 | $265,000 (10.7%) | $341,580 (25.0%) | 0.62 | 167 |
BANGOR's median listing price comes in at 62% of the national average.
BANGOR's average listing price for 2023-04-01 was $341,580, a difference of $68,394 (25.0%) versus the prior year and $17,428 versus the prior month.
For the 2023-04-01 period, BANGOR had 167 MLS listings, a difference of -10 listings (-6%) versus the prior month and -14 listings (-8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - BANGOR (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 149 days | 1,587 sqft |
2018-02-01 | 166 days | 1,587 sqft |
2018-03-01 | 163 days | 1,586 sqft |
2018-04-01 | 159 days | 1,580 sqft |
2018-05-01 | 99 days | 1,600 sqft |
2018-06-01 | 72 days | 1,604 sqft |
2018-07-01 | 70 days | 1,637 sqft |
2018-08-01 | 80 days | 1,626 sqft |
2018-09-01 | 87 days | 1,624 sqft |
2018-10-01 | 96 days | 1,600 sqft |
2018-11-01 | 99 days | 1,600 sqft |
2018-12-01 | 120 days | 1,600 sqft |
2019-01-01 | 127 days | 1,586 sqft |
2019-02-01 | 138 days | 1,600 sqft |
2019-03-01 | 142 days | 1,600 sqft |
2019-04-01 | 129 days | 1,627 sqft |
2019-05-01 | 79 days | 1,623 sqft |
2019-06-01 | 57 days | 1,627 sqft |
2019-07-01 | 62 days | 1,600 sqft |
2019-08-01 | 79 days | 1,582 sqft |
2019-09-01 | 93 days | 1,613 sqft |
2019-10-01 | 94 days | 1,603 sqft |
2019-11-01 | 107 days | 1,624 sqft |
2019-12-01 | 113 days | 1,632 sqft |
2020-01-01 | 121 days | 1,600 sqft |
2020-02-01 | 122 days | 1,600 sqft |
2020-03-01 | 124 days | 1,593 sqft |
2020-04-01 | 124 days | 1,591 sqft |
2020-05-01 | 101 days | 1,627 sqft |
2020-06-01 | 84 days | 1,623 sqft |
2020-07-01 | 59 days | 1,658 sqft |
2020-08-01 | 59 days | 1,619 sqft |
2020-09-01 | 53 days | 1,600 sqft |
2020-10-01 | 51 days | 1,600 sqft |
2020-11-01 | 55 days | 1,594 sqft |
2020-12-01 | 65 days | 1,609 sqft |
2021-01-01 | 85 days | 1,600 sqft |
2021-02-01 | 94 days | 1,582 sqft |
2021-03-01 | 78 days | 1,600 sqft |
2021-04-01 | 36 days | 1,690 sqft |
2021-05-01 | 28 days | 1,672 sqft |
2021-06-01 | 25 days | 1,615 sqft |
2021-07-01 | 33 days | 1,616 sqft |
2021-08-01 | 37 days | 1,615 sqft |
2021-09-01 | 47 days | 1,645 sqft |
2021-10-01 | 58 days | 1,666 sqft |
2021-11-01 | 72 days | 1,673 sqft |
2021-12-01 | 80 days | 1,556 sqft |
2022-01-01 | 104 days | 1,560 sqft |
2022-02-01 | 111 days | 1,507 sqft |
2022-03-01 | 78 days | 1,500 sqft |
2022-04-01 | 45 days | 1,554 sqft |
2022-05-01 | 30 days | 1,562 sqft |
2022-06-01 | 25 days | 1,554 sqft |
2022-07-01 | 36 days | 1,579 sqft |
2022-08-01 | 43 days | 1,540 sqft |
2022-09-01 | 52 days | 1,648 sqft |
2022-10-01 | 58 days | 1,687 sqft |
2022-11-01 | 65 days | 1,586 sqft |
2022-12-01 | 87 days | 1,518 sqft |
2023-01-01 | 107 days | 1,550 sqft |
2023-02-01 | 119 days | 1,583 sqft |
2023-03-01 | 114 days | 1,637 sqft |
2023-04-01 | 36 days | 1,680 sqft |
BANGOR's median square footage for active listings during the 2023-04-01 period was 1,680 sqft. One year prior, the average listing was 1,554 sqft.
BANGOR, ME Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 1,869 | $452,715,000 | $242,223 |
Cash Out Refi | 645 | $110,845,000 | $171,853 |
Refi | 540 | $84,390,000 | $156,278 |
Home Improvement | 449 | $41,125,000 | $91,592 |
Other | 343 | $32,685,000 | $95,292 |
Bangor's most frequently cited loan purpose was Home Purchase, with 1,869 originations. The 2nd most popular reason was Cash Out Refi, with 645 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 975 | $206,265,000 | $211,554 |
4-5% | 866 | $171,170,000 | $197,656 |
3-4% | 801 | $151,935,000 | $189,682 |
6-7% | 437 | $78,805,000 | $180,332 |
2.5-3% | 185 | $30,515,000 | $164,946 |
7-8% | 136 | $20,790,000 | $152,868 |
<2.5% | 69 | $12,225,000 | $177,174 |
Over 8% | 62 | $5,410,000 | $87,258 |
During 2022, Bangor's most frequently originated rate bucket was 5-6%, with 975 originations.
Loan Sizing (BANGOR, ME MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 1,469 | $218,945,000 | $149,044 |
$200k-400k | 1,103 | $298,465,000 | $270,594 |
$100,000 or less | 1,076 | $61,330,000 | $56,998 |
$400k-600k | 147 | $67,945,000 | $462,211 |
$600k-1000k | 34 | $24,710,000 | $726,765 |
$Over $1MM | 17 | $50,365,000 | $2,962,647 |
BANGOR's loan sizing saw the bucket of loans from $100k-200k with 1,469 originations, totaling $218,945,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 1,356 | $316,470,000 | $233,385 |
60-80% | 950 | $226,470,000 | $238,389 |
20-40% | 448 | $40,330,000 | $90,022 |
40-60% | 408 | $60,500,000 | $148,284 |
Under 20% | 305 | $14,375,000 | $47,131 |
Over 100% | 50 | $16,800,000 | $336,000 |
BANGOR's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,356 originations, totaling $316,470,000 in origination value.