Bay City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Bay City averaged
7.25%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
7.54% and
one month ago for the week of 2023-08-17, the
average rate was 7.35%.
Bay City's average rate one year ago was 6.08%.
For refis of the same type during the week of 2023-09-21, the average rate
was 7.19%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
Bay City 30 Year Fixed Rate | 2023-09-21 | 7.25% |
Bay City 30 Year Fixed Rate Refi | 2023-09-21 | 7.19% |
Bay City 15 Year Fixed Rate | 2023-09-21 | 6.64% |
Bay City 15 Year Fixed Rate Refi | 2023-09-21 | 6.74% |
Bay City 30 Year FHA | 2023-09-21 | 7.04% |
Bay City 30 Year FHA Refi | 2023-09-21 | 6.84% |
Bay City 30 Year USDA | 2023-09-21 | 7.12% |
Bay City 30 Year USDA Refi | 2023-09-21 | 7.02% |
Bay City 30 Year VA | 2023-09-21 | 7.02% |
Bay City 30 Year VA Refi | 2023-09-21 | 6.82% |
Bay City 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 Bay City, TX 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.).
Bay City Average Closing Costs & Other Stats
Bay City, TX's 79 lenders originated 505
loans during 2022. The total origination value was $133,315,000, with an average loan value of
$263,990.
Bay City's average closing costs are $5,684.
The top Bay City lender as defined by loan originations is Gateway First Bank, with
34 loans originated. Their average total fees are
$5,630, which is $954
higher than the next largest lender,
TEXAS DOW EMPLOYEES CREDIT UNION.
The lowest fee Bay City lenders (with over 10 loans originated) are
TEXAS DOW EMPLOYEES CREDIT UNION ($4,676), Prosperity Bank ($5,488), Gateway First Bank ($5,630), QUICKEN LOANS, LLC ($6,187) and SOUTHWEST FUNDING, LP ($10,940).
The lowest rate Bay City lenders (with over 10 loans originated) are
Prosperity Bank (4.60%), Gateway First Bank (4.94%), QUICKEN LOANS, LLC (5.18%), SOUTHWEST FUNDING, LP (5.51%) and TEXAS DOW EMPLOYEES CREDIT UNION (5.69%).
Bay City, TX 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 |
---|---|---|---|---|
JONES LANG LASALLE MULTIFAMILY, LLC | $20,015,000 | n/a | 15.0% | |
Gateway First Bank | $25,830,000 | $17,270,000 | -33.1% | 13.0% |
Prosperity Bank | $10,715,000 | $11,920,000 | 11.2% | 8.9% |
TEXAS DOW EMPLOYEES CREDIT UNION | $11,620,000 | $5,470,000 | -52.9% | 4.1% |
SOUTHWEST FUNDING, LP | $6,550,000 | $4,880,000 | -25.5% | 3.7% |
QUICKEN LOANS, LLC | $10,665,000 | $4,280,000 | -59.9% | 3.2% |
Mortgage Research Center, LLC | $1,590,000 | $3,155,000 | 98.4% | 2.4% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,555,000 | $2,780,000 | -21.8% | 2.1% |
Third Coast Bank SSB | $2,360,000 | n/a | 1.8% | |
AMCAP MORTGAGE, LTD. | $4,580,000 | $2,035,000 | -55.6% | 1.5% |
UNITED WHOLESALE MORTGAGE, LLC | $2,230,000 | $1,960,000 | -12.1% | 1.5% |
Zions Bancorporation, N.A. | $500,000 | $1,810,000 | 262.0% | 1.4% |
USAA Federal Savings Bank | $380,000 | $1,685,000 | 343.4% | 1.3% |
Southern Bank | $1,645,000 | n/a | 1.2% | |
Mr. Cooper ( Nationstar Mortgage ) | $2,135,000 | $1,485,000 | -30.4% | 1.1% |
Network Funding, L.P. | $850,000 | $1,415,000 | 66.5% | 1.1% |
LOANDEPOT.COM, LLC | $1,680,000 | $1,255,000 | -25.3% | 0.9% |
Citizens Bank | $800,000 | $1,125,000 | 40.6% | 0.8% |
Allegiance Bank | $1,105,000 | n/a | 0.8% | |
AMERICAN FINANCING CORPORATION | $275,000 | $1,005,000 | 265.5% | 0.8% |
Flagstar Bank, FSB | $965,000 | $1,005,000 | 4.1% | 0.8% |
NAVY FEDERAL CREDIT UNION | $1,170,000 | $1,005,000 | -14.1% | 0.8% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $1,175,000 | $990,000 | -15.7% | 0.7% |
21ST MORTGAGE CORPORATION | $1,310,000 | $955,000 | -27.1% | 0.7% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $710,000 | $950,000 | 33.8% | 0.7% |
FIRST SERVICE Credit Union | $200,000 | $910,000 | 355.0% | 0.7% |
First Financial Bank | $1,600,000 | $900,000 | -43.8% | 0.7% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $250,000 | $890,000 | 256.0% | 0.7% |
FREEDOM MORTGAGE CORPORATION | $4,965,000 | $890,000 | -82.1% | 0.7% |
AgFirst Farm Credit Bank | $870,000 | n/a | 0.7% | |
GUILD MORTGAGE COMPANY | $1,220,000 | $830,000 | -32.0% | 0.6% |
CMG MORTGAGE, INC. | $1,215,000 | $825,000 | -32.1% | 0.6% |
MEMBER HOME LOAN, L.L.C. | $640,000 | $780,000 | 21.9% | 0.6% |
MOVEMENT MORTGAGE, LLC | $530,000 | $775,000 | 46.2% | 0.6% |
Wells Fargo Bank | $1,770,000 | $765,000 | -56.8% | 0.6% |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $195,000 | $745,000 | 282.1% | 0.6% |
City Bank | $740,000 | n/a | 0.6% | |
UNITED BUILT HOMES, L.L.C. | $225,000 | $725,000 | 222.2% | 0.5% |
COUNTRYPLACE MORTGAGE, LTD. | $325,000 | $690,000 | 112.3% | 0.5% |
FIRST COMMUNITY CREDIT UNION | $285,000 | $680,000 | 138.6% | 0.5% |
LAKEVIEW LOAN SERVICING, LLC | $1,005,000 | $670,000 | -33.3% | 0.5% |
Bank of America | $840,000 | $665,000 | -20.8% | 0.5% |
NATIONS RELIABLE LENDING, LLC | $1,060,000 | $625,000 | -41.0% | 0.5% |
AMERISAVE MORTGAGE CORPORATION | $920,000 | $615,000 | -33.2% | 0.5% |
First National Bank of Central Texas | $605,000 | n/a | 0.5% | |
NBKC BANK | $575,000 | n/a | 0.4% | |
Paramount Residential Mortgage Group, Inc. | $725,000 | $570,000 | -21.4% | 0.4% |
Wolfe Financial, Inc | $155,000 | $565,000 | 264.5% | 0.4% |
MUTUAL OF OMAHA MORTGAGE, INC. | $115,000 | $535,000 | 365.2% | 0.4% |
CROSSCOUNTRY MORTGAGE, LLC | $165,000 | $510,000 | 209.1% | 0.4% |
T2 FINANCIAL LLC | $505,000 | n/a | 0.4% | |
INSPIRE HOME LOANS INC. | $490,000 | n/a | 0.4% | |
First National Bank of America | $480,000 | n/a | 0.4% | |
HOMESIDE FINANCIAL, LLC | $725,000 | $475,000 | -34.5% | 0.4% |
First National Bank in Port Lavaca | $165,000 | $470,000 | 184.8% | 0.4% |
SECURITYNATIONAL MORTGAGE COMPANY | $920,000 | $445,000 | -51.6% | 0.3% |
JPMorgan Chase Bank | $1,260,000 | $440,000 | -65.1% | 0.3% |
JSC | $425,000 | n/a | 0.3% | |
RANDOLPH-BROOKS | $700,000 | $410,000 | -41.4% | 0.3% |
THRIVE MORTGAGE, LLC | $175,000 | $410,000 | 134.3% | 0.3% |
BROKER SOLUTIONS, INC. | $1,100,000 | $395,000 | -64.1% | 0.3% |
ACADEMY MORTGAGE CORPORATION | $385,000 | n/a | 0.3% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $530,000 | $380,000 | -28.3% | 0.3% |
EVERETT FINANCIAL, INC. | $355,000 | n/a | 0.3% | |
First United Bank and Trust Company | $355,000 | n/a | 0.3% | |
HOME POINT FINANCIAL CORPORATION | $1,170,000 | $350,000 | -70.1% | 0.3% |
Colonial Savings, F.A. | $175,000 | $340,000 | 94.3% | 0.3% |
GMFS LLC | $325,000 | n/a | 0.2% | |
SECURITY SERVICE | $205,000 | $325,000 | 58.5% | 0.2% |
Waterstone Mortgage Corporation | $325,000 | n/a | 0.2% | |
FIRST CENTENNIAL MORTGAGE CORPORATION | $315,000 | n/a | 0.2% | |
GUARANTEED RATE AFFINITY, LLC | $345,000 | $315,000 | -8.7% | 0.2% |
Citizens State Bank | $155,000 | $305,000 | 96.8% | 0.2% |
HomeTown Bank | $305,000 | n/a | 0.2% | |
Secured Investment Corp. | $305,000 | n/a | 0.2% | |
CORNERSTONE HOME LENDING, INC. | $655,000 | $295,000 | -55.0% | 0.2% |
Greenbox Loans, Inc. | $295,000 | n/a | 0.2% | |
PENNYMAC LOAN SERVICES, LLC | $1,075,000 | $285,000 | -73.5% | 0.2% |
R Bank | $285,000 | n/a | 0.2% | |
Bank of England | $275,000 | n/a | 0.2% | |
OPEN MORTGAGE, LLC | $275,000 | n/a | 0.2% | |
PREMIA MORTGAGE, LLC | $275,000 | n/a | 0.2% | |
Regions Bank | $175,000 | $265,000 | 51.4% | 0.2% |
LONGBRIDGE FINANCIAL, LLC | $260,000 | n/a | 0.2% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $255,000 | n/a | 0.2% | |
BETTER MORTGAGE CORPORATION | $155,000 | $255,000 | 64.5% | 0.2% |
S1L, Inc. | $380,000 | $255,000 | -32.9% | 0.2% |
UNIVERSITY Federal Credit Union | $300,000 | $255,000 | -15.0% | 0.2% |
Stifel Bank and Trust | $245,000 | n/a | 0.2% | |
Watermark Capital, Inc. | $245,000 | n/a | 0.2% | |
First Guaranty Mortgage Corporation | $605,000 | $240,000 | -60.3% | 0.2% |
Century Mortgage Company DBA Century Lending Company | $235,000 | n/a | 0.2% | |
First National Bank Texas | $235,000 | n/a | 0.2% | |
Hometown Equity Mortgage, LLC | $235,000 | n/a | 0.2% | |
SFMC, LP | $235,000 | n/a | 0.2% | |
The First National Bank of Bastrop | $235,000 | n/a | 0.2% | |
SOUTHWEST STAGE FUNDING, LLC | $315,000 | $230,000 | -27.0% | 0.2% |
UNITED MORTGAGE CORP. | $225,000 | n/a | 0.2% | |
GENEVA FINANCIAL, LLC | $220,000 | n/a | 0.2% | |
GREAT WESTERN FINANCIAL SERVICES, INC. | $215,000 | n/a | 0.2% | |
Carrington Mortgage Services, LLC | $360,000 | $205,000 | -43.1% | 0.2% |
PANORAMA MORTGAGE GROUP, LLC | $210,000 | $205,000 | -2.4% | 0.2% |
Mid-Continent Funding, Inc. | $195,000 | n/a | 0.1% | |
CIVIC FINANCIAL SERVICES, LLC | $190,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $610,000 | $190,000 | -68.9% | 0.1% |
Peoples Bank | $185,000 | n/a | 0.1% | |
AMPLIFY | $125,000 | $175,000 | 40.0% | 0.1% |
CONTOUR MORTGAGE CORPORATION | $175,000 | n/a | 0.1% | |
TrustTexas Bank, SSB | $175,000 | n/a | 0.1% | |
AMERICAN INTERNET MORTGAGE, INC. | $165,000 | n/a | 0.1% | |
AMERICA'S CHOICE HOME LOANS LP | $165,000 | n/a | 0.1% | |
INTERLINC MORTGAGE SERVICES, LLC | $105,000 | $165,000 | 57.1% | 0.1% |
Plains Commerce Bank | $165,000 | n/a | 0.1% | |
UNION HOME MORTGAGE CORP. | $165,000 | n/a | 0.1% | |
HOMETRUST MORTGAGE COMPANY | $155,000 | n/a | 0.1% | |
SENTE MORTGAGE, INC. | $720,000 | $155,000 | -78.5% | 0.1% |
LADERA LENDING, INC. | $145,000 | n/a | 0.1% | |
NAVY ARMY COMMUNITY CREDIT UNION | $145,000 | n/a | 0.1% | |
Beeline Loans, Inc. | $135,000 | n/a | 0.1% | |
Citadel Servicing Corporation | $135,000 | n/a | 0.1% | |
HANCOCK MORTGAGE PARTNERS, LLC | $135,000 | n/a | 0.1% | |
Independent Bank | $4,330,000 | $135,000 | -96.9% | 0.1% |
NEWREZ LLC | $110,000 | $135,000 | 22.7% | 0.1% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $125,000 | n/a | 0.1% | |
LENDINGHOME FUNDING CORPORATION | $295,000 | $125,000 | -57.6% | 0.1% |
ASPIRE FINANCIAL, INC. | $195,000 | $115,000 | -41.0% | 0.1% |
CALIBER HOME LOANS, INC. | $555,000 | $115,000 | -79.3% | 0.1% |
First Savings Bank | $115,000 | n/a | 0.1% | |
Northpointe Bank | $115,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $335,000 | $105,000 | -68.7% | 0.1% |
EMBRACE HOME LOANS, INC. | $105,000 | n/a | 0.1% | |
Trinity Oaks Mortgage, LLC | $105,000 | n/a | 0.1% | |
SUCCESS MORTGAGE PARTNERS, INC. | $125,000 | $95,000 | -24.0% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $390,000 | $95,000 | -75.6% | 0.1% |
International Bank of Commerce | $240,000 | $85,000 | -64.6% | 0.1% |
Jefferson Bank | $85,000 | n/a | 0.1% | |
SUN WEST MORTGAGE COMPANY, INC. | $225,000 | $85,000 | -62.2% | 0.1% |
GUARANTEED RATE, INC. | $700,000 | $75,000 | -89.3% | 0.1% |
Lakeview Community Capital, LLC | $165,000 | $65,000 | -60.6% | 0.0% |
LOANPAL, LLC | $345,000 | $65,000 | -81.2% | 0.0% |
Bay City's top lender by overall market share is JONES LANG LASALLE MULTIFAMILY, LLC, with 15.0% market share. In second place, with 13.0%, is Gateway First Bank, having originated $17,270,000 in loans. In third place, with 8.9%, is Prosperity Bank, having originated $11,920,000 in loans. In fourth place, with 4.1%, is TEXAS DOW EMPLOYEES CREDIT UNION, having originated $5,470,000 in loans. In fifth place, with 3.7%, is SOUTHWEST FUNDING, LP, having originated $4,880,000 in loans.
Bay City Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Bay City (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 | $219,725 (2.2%) | $243,752 (3.5%) | 0.00 | 259 |
2018-02-01 | $219,975 (-2.1%) | $248,016 (3.0%) | 0.00 | 267 |
2018-03-01 | $227,000 (4.9%) | $246,793 (3.0%) | 0.00 | 273 |
2018-04-01 | $229,325 (14.7%) | $244,802 (4.6%) | 0.00 | 271 |
2018-05-01 | $229,713 (15.3%) | $246,810 (7.8%) | 0.00 | 283 |
2018-06-01 | $229,900 (15.5%) | $250,639 (10.5%) | 0.00 | 298 |
2018-07-01 | $231,250 (6.1%) | $253,578 (8.1%) | 0.00 | 318 |
2018-08-01 | $228,450 (6.3%) | $252,338 (8.2%) | 0.00 | 329 |
2018-09-01 | $231,066 (5.3%) | $254,006 (8.5%) | 0.00 | 318 |
2018-10-01 | $227,000 (3.3%) | $248,151 (3.8%) | 0.00 | 315 |
2018-11-01 | $220,000 (0.2%) | $243,284 (0.4%) | 0.00 | 317 |
2018-12-01 | $219,900 (-2.2%) | $243,224 (-1.2%) | 0.00 | 316 |
2019-01-01 | $219,950 (0.1%) | $241,384 (-1.0%) | 0.00 | 295 |
2019-02-01 | $218,123 (-0.8%) | $236,214 (-4.8%) | 0.00 | 305 |
2019-03-01 | $217,036 (-4.4%) | $236,679 (-4.1%) | 0.00 | 311 |
2019-04-01 | $215,375 (-6.1%) | $236,753 (-3.3%) | 0.00 | 325 |
2019-05-01 | $214,864 (-6.5%) | $237,635 (-3.7%) | 0.00 | 324 |
2019-06-01 | $213,900 (-7.0%) | $239,004 (-4.6%) | 0.00 | 317 |
2019-07-01 | $214,639 (-7.2%) | $245,040 (-3.4%) | 0.00 | 324 |
2019-08-01 | $219,545 (-3.9%) | $245,564 (-2.7%) | 0.00 | 307 |
2019-09-01 | $222,614 (-3.7%) | $246,009 (-3.2%) | 0.00 | 296 |
2019-10-01 | $224,975 (-0.9%) | $246,359 (-0.7%) | 0.00 | 283 |
2019-11-01 | $209,900 (-4.6%) | $241,352 (-0.8%) | 0.00 | 267 |
2019-12-01 | $205,625 (-6.5%) | $236,656 (-2.7%) | 0.00 | 258 |
2020-01-01 | $205,625 (-6.5%) | $235,682 (-2.4%) | 0.00 | 235 |
2020-02-01 | $209,000 (-4.2%) | $237,959 (0.7%) | 0.00 | 235 |
2020-03-01 | $214,950 (-1.0%) | $269,856 (14.0%) | 0.00 | 248 |
2020-04-01 | $205,000 (-4.8%) | $264,483 (11.7%) | 0.00 | 247 |
2020-05-01 | $210,000 (-2.3%) | $266,279 (12.1%) | 0.00 | 233 |
2020-06-01 | $214,175 (0.1%) | $270,724 (13.3%) | 0.00 | 221 |
2020-07-01 | $213,500 (-0.5%) | $262,611 (7.2%) | 0.00 | 203 |
2020-08-01 | $210,000 (-4.4%) | $250,599 (2.1%) | 0.00 | 180 |
2020-09-01 | $211,000 (-5.2%) | $247,241 (0.5%) | 0.00 | 168 |
2020-10-01 | $210,000 (-6.7%) | $258,851 (5.1%) | 0.00 | 177 |
2020-11-01 | $216,500 (3.1%) | $266,502 (10.4%) | 0.00 | 181 |
2020-12-01 | $215,000 (4.6%) | $267,490 (13.0%) | 0.00 | 170 |
2021-01-01 | $215,000 (4.6%) | $265,359 (12.6%) | 0.00 | 147 |
2021-02-01 | $209,600 (0.3%) | $270,756 (13.8%) | 0.00 | 138 |
2021-03-01 | $211,500 (-1.6%) | $308,644 (14.4%) | 0.00 | 127 |
2021-04-01 | $216,000 (5.4%) | $310,846 (17.5%) | 0.00 | 122 |
2021-05-01 | $225,000 (7.1%) | $331,832 (24.6%) | 0.00 | 116 |
2021-06-01 | $246,250 (15.0%) | $342,335 (26.5%) | 0.00 | 110 |
2021-07-01 | $264,681 (24.0%) | $340,740 (29.8%) | 0.00 | 111 |
2021-08-01 | $259,000 (23.3%) | $330,918 (32.1%) | 0.00 | 116 |
2021-09-01 | $246,006 (16.6%) | $283,883 (14.8%) | 0.00 | 108 |
2021-10-01 | $249,500 (18.8%) | $291,756 (12.7%) | 0.00 | 106 |
2021-11-01 | $235,000 (8.6%) | $285,649 (7.2%) | 0.00 | 128 |
2021-12-01 | $232,450 (8.1%) | $288,473 (7.8%) | 0.00 | 145 |
2022-01-01 | $229,500 (6.7%) | $298,722 (12.6%) | 0.00 | 136 |
2022-02-01 | $226,750 (8.2%) | $304,067 (12.3%) | 0.00 | 130 |
2022-03-01 | $211,000 (-0.2%) | $317,389 (2.8%) | 0.00 | 128 |
2022-04-01 | $254,999 (18.1%) | $370,278 (19.1%) | 0.00 | 142 |
2022-05-01 | $272,500 (21.1%) | $375,951 (13.3%) | 0.00 | 156 |
2022-06-01 | $260,850 (5.9%) | $369,733 (8.0%) | 0.00 | 163 |
2022-07-01 | $275,000 (3.9%) | $354,303 (4.0%) | 0.00 | 188 |
2022-08-01 | $279,870 (8.1%) | $341,426 (3.2%) | 0.00 | 203 |
2022-09-01 | $270,120 (9.8%) | $315,627 (11.2%) | 0.00 | 199 |
2022-10-01 | $250,000 (0.2%) | $327,967 (12.4%) | 0.00 | 168 |
2022-11-01 | $250,000 (6.4%) | $325,539 (14.0%) | 0.00 | 177 |
2022-12-01 | $249,990 (7.6%) | $322,440 (11.8%) | 0.00 | 193 |
2023-01-01 | $247,990 (8.1%) | $320,995 (7.5%) | 0.00 | 188 |
2023-02-01 | $247,490 (9.2%) | $314,462 (3.4%) | 0.00 | 198 |
2023-03-01 | $249,998 (18.5%) | $320,477 (1.0%) | 0.00 | 190 |
2023-04-01 | $255,000 (0.0%) | $321,616 (-13.1%) | 0.00 | 190 |
2023-05-01 | $275,000 (0.9%) | $332,240 (-11.6%) | 0.00 | 204 |
2023-06-01 | $277,213 (6.3%) | $339,605 (-8.2%) | 0.00 | 214 |
2023-07-01 | $289,000 (5.1%) | $347,377 (-2.0%) | 0.00 | 224 |
2023-08-01 | $283,475 (1.3%) | $343,762 (0.7%) | 0.00 | 226 |
Bay City's median listing price comes in at 0% of the national average.
Bay City's average listing price for 2023-08-01 was $343,762, a difference of $2,336 (0.7%) versus the prior year and $-3,615 versus the prior month.
For the 2023-08-01 period, Bay City had 226 MLS listings, a difference of 2 listings (1%) versus the prior month and 23 listings (11%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bay City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,495 sqft |
2018-02-01 | 0 days | 1,489 sqft |
2018-03-01 | 0 days | 1,490 sqft |
2018-04-01 | 0 days | 1,493 sqft |
2018-05-01 | 0 days | 1,510 sqft |
2018-06-01 | 0 days | 1,536 sqft |
2018-07-01 | 0 days | 1,581 sqft |
2018-08-01 | 0 days | 1,617 sqft |
2018-09-01 | 0 days | 1,622 sqft |
2018-10-01 | 0 days | 1,600 sqft |
2018-11-01 | 0 days | 1,607 sqft |
2018-12-01 | 0 days | 1,624 sqft |
2019-01-01 | 0 days | 1,597 sqft |
2019-02-01 | 0 days | 1,560 sqft |
2019-03-01 | 0 days | 1,540 sqft |
2019-04-01 | 0 days | 1,516 sqft |
2019-05-01 | 0 days | 1,512 sqft |
2019-06-01 | 0 days | 1,520 sqft |
2019-07-01 | 0 days | 1,526 sqft |
2019-08-01 | 0 days | 1,551 sqft |
2019-09-01 | 0 days | 1,573 sqft |
2019-10-01 | 0 days | 1,592 sqft |
2019-11-01 | 0 days | 1,620 sqft |
2019-12-01 | 0 days | 1,591 sqft |
2020-01-01 | 0 days | 1,589 sqft |
2020-02-01 | 0 days | 1,577 sqft |
2020-03-01 | 0 days | 1,575 sqft |
2020-04-01 | 0 days | 1,572 sqft |
2020-05-01 | 0 days | 1,568 sqft |
2020-06-01 | 0 days | 1,571 sqft |
2020-07-01 | 0 days | 1,559 sqft |
2020-08-01 | 0 days | 1,619 sqft |
2020-09-01 | 0 days | 1,585 sqft |
2020-10-01 | 0 days | 1,600 sqft |
2020-11-01 | 0 days | 1,621 sqft |
2020-12-01 | 0 days | 1,605 sqft |
2021-01-01 | 0 days | 1,599 sqft |
2021-02-01 | 0 days | 1,548 sqft |
2021-03-01 | 0 days | 1,554 sqft |
2021-04-01 | 0 days | 1,543 sqft |
2021-05-01 | 0 days | 1,549 sqft |
2021-06-01 | 0 days | 1,554 sqft |
2021-07-01 | 0 days | 1,537 sqft |
2021-08-01 | 0 days | 1,605 sqft |
2021-09-01 | 0 days | 1,569 sqft |
2021-10-01 | 0 days | 1,525 sqft |
2021-11-01 | 0 days | 1,467 sqft |
2021-12-01 | 0 days | 1,449 sqft |
2022-01-01 | 0 days | 1,492 sqft |
2022-02-01 | 0 days | 1,519 sqft |
2022-03-01 | 0 days | 1,457 sqft |
2022-04-01 | 0 days | 1,508 sqft |
2022-05-01 | 0 days | 1,557 sqft |
2022-06-01 | 0 days | 1,549 sqft |
2022-07-01 | 0 days | 1,579 sqft |
2022-08-01 | 0 days | 1,607 sqft |
2022-09-01 | 0 days | 1,621 sqft |
2022-10-01 | 0 days | 1,656 sqft |
2022-11-01 | 0 days | 1,627 sqft |
2022-12-01 | 0 days | 1,620 sqft |
2023-01-01 | 0 days | 1,620 sqft |
2023-02-01 | 0 days | 1,612 sqft |
2023-03-01 | 0 days | 1,609 sqft |
2023-04-01 | 0 days | 1,607 sqft |
2023-05-01 | 0 days | 1,581 sqft |
2023-06-01 | 0 days | 1,587 sqft |
2023-07-01 | 0 days | 1,624 sqft |
2023-08-01 | 0 days | 1,590 sqft |
Bay City's median square footage for active listings during the 2023-08-01 period was 1,590 sqft. One year prior, the average listing was 1,607 sqft.
Bay City, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 357 | $85,465,000 | $239,398 |
Refi | 69 | $14,025,000 | $203,261 |
Cash Out Refi | 57 | $30,975,000 | $543,421 |
Other | 16 | $2,020,000 | $126,250 |
Home Improvement | 6 | $830,000 | $138,333 |
Bay City's most frequently cited loan purpose was Home Purchase, with 357 originations. The 2nd most popular reason was Refi, with 69 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 120 | $27,310,000 | $227,583 |
4-5% | 116 | $27,490,000 | $236,983 |
6-7% | 86 | $17,490,000 | $203,372 |
3-4% | 82 | $21,740,000 | $265,122 |
2.5-3% | 27 | $25,315,000 | $937,593 |
7-8% | 26 | $4,930,000 | $189,615 |
<2.5% | 20 | $2,160,000 | $108,000 |
Over 8% | 19 | $2,425,000 | $127,632 |
During 2022, Bay City's most frequently originated rate bucket was 5-6%, with 120 originations.
Loan Sizing (Bay City, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 203 | $31,595,000 | $155,640 |
$200k-400k | 191 | $51,375,000 | $268,979 |
$100,000 or less | 68 | $4,430,000 | $65,147 |
$400k-600k | 34 | $16,490,000 | $485,000 |
$Over $1MM | 5 | $26,785,000 | $5,357,000 |
$600k-1000k | 4 | $2,640,000 | $660,000 |
Bay City's loan sizing saw the bucket of loans from $100k-200k with 203 originations, totaling $31,595,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 236 | $55,820,000 | $236,525 |
60-80% | 147 | $55,285,000 | $376,088 |
40-60% | 57 | $10,015,000 | $175,702 |
Over 100% | 19 | $4,705,000 | $247,632 |
20-40% | 18 | $2,030,000 | $112,778 |
Under 20% | 15 | $345,000 | $23,000 |
Bay City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 236 originations, totaling $55,820,000 in origination value.