Bradford Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Bradford averaged 6.69% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.02% and one month ago for the week of 2023-02-09, the average rate was 6.11%.

    Bradford's average rate one year ago was 3.78%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.99%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Bradford 30 Year Fixed Rate 2023-03-16 6.69%
    Bradford 30 Year Fixed Rate Refi 2023-03-16 6.99%
    Bradford 15 Year Fixed Rate 2023-03-16 7.2%
    Bradford 15 Year Fixed Rate Refi 2023-03-16 7.12%
    Bradford 30 Year FHA 2023-03-16 6.13%
    Bradford 30 Year FHA Refi 2023-03-16 6.11%
    Bradford 30 Year USDA 2023-03-16 6.99%
    Bradford 30 Year USDA Refi 2023-03-16 2.74%
    Bradford 30 Year VA 2023-03-16 6.51%
    Bradford 30 Year VA Refi 2023-03-16 5.78%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Bradford, PA.

    Bradford 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 Bradford, PA 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
    Northwest Bank 30 4.86% $3,501
    QUICKEN LOANS, LLC 19 5.44% $5,754
    CNB Bank 10 5.26% $4,087
    SUCCESS MORTGAGE PARTNERS, INC. 5 6.83% $5,033
    PNC Bank 5 5.78% $3,372
    Community Bank 4 4.06% $1,217
    First Commonwealth Bank 3 5.75% $5,274
    BROKER SOLUTIONS, INC. 3 5.86% $6,221
    Wyndham Capital Mortgage, Inc. 2 4.19% $3,922
    Citizens & Northern Bank 2 7.01% $2,794
    JPMorgan Chase Bank 2 5.43% $2,777
    The Huntington National Bank 2 4.56% $5,087
    U.S. Bank 2 4.13% $3,718
    The Federal Savings Bank 1 5.13% $15,952
    TIDEWATER MORTGAGE SERVICES, INC. 1 5.25% $4,280
    UNION HOME MORTGAGE CORP. 1 6.88% $7,063
    UNITED WHOLESALE MORTGAGE, LLC 1 4.00% $9,052
    Wells Fargo Bank 1 5.88% $11,496
    MOVEMENT MORTGAGE, LLC 1 6.63% $5,954
    Citizens Bank 1 6.00% $5,564
    CROSSCOUNTRY MORTGAGE, LLC 1 5.50% $4,864
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.00% $7,953
    GUILD MORTGAGE COMPANY 1 6.25% $5,325
    HOMESTEAD FUNDING CORP. 1 4.00% $2,967
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 3.63% $4,099
    Jersey Shore State Bank 1 6.00% $4,017
    MID AMERICA MORTGAGE, INC. 1 6.00% $4,441
    Bank of England 1 6.38% $2,402
    M&T Bank 1 3.75% $6,251
    PENNSYLVANIA STATE EMPLOYEES Credit Union 1 3.13% $2,744
    T2 FINANCIAL LLC 1 4.63% $9,145

    Bradford Average Closing Costs & Other Stats

    Bradford, PA's 31 lenders originated 459 loans during 2022. The total origination value was $51,235,000, with an average loan value of $111,623.

    Bradford's average closing costs are $4,447.

    The top Bradford lender as defined by loan originations is Northwest Bank, with 30 loans originated. Their average total fees are $3,501, which is $2,253 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Bradford lenders (with over 10 loans originated) are Northwest Bank ($3,501), CNB Bank ($4,087), QUICKEN LOANS, LLC ($5,754), .

    The lowest rate Bradford lenders (with over 10 loans originated) are Northwest Bank (4.86%), CNB Bank (5.26%), QUICKEN LOANS, LLC (5.44%), .

    Bradford, PA 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
    Northwest Bank $16,805,000 $11,325,000 -32.6% 22.1%
    CNB Bank $13,145,000 $10,210,000 -22.3% 19.9%
    QUICKEN LOANS, LLC $13,180,000 $6,235,000 -52.7% 12.2%
    The Juniata Valley Bank $870,000 $2,450,000 181.6% 4.8%
    Mortgage Research Center, LLC $685,000 $2,340,000 241.6% 4.6%
    PNC Bank $1,575,000 $1,965,000 24.8% 3.8%
    SUCCESS MORTGAGE PARTNERS, INC. $1,180,000 n/a 2.3%
    Citizens & Northern Bank $1,430,000 $945,000 -33.9% 1.8%
    Community Bank $985,000 $835,000 -15.2% 1.6%
    JPMorgan Chase Bank $45,000 $775,000 1,622.2% 1.5%
    PENNSYLVANIA STATE EMPLOYEES Credit Union $640,000 $765,000 19.5% 1.5%
    UNITED WHOLESALE MORTGAGE, LLC $485,000 $735,000 51.5% 1.4%
    AMERISAVE MORTGAGE CORPORATION $270,000 $695,000 157.4% 1.4%
    BROKER SOLUTIONS, INC. $105,000 $590,000 461.9% 1.2%
    Wyndham Capital Mortgage, Inc. $135,000 $530,000 292.6% 1.0%
    USAA Federal Savings Bank $625,000 $465,000 -25.6% 0.9%
    Wells Fargo Bank $800,000 $460,000 -42.5% 0.9%
    Citizens Bank $485,000 $445,000 -8.2% 0.9%
    KeyBank $180,000 $445,000 147.2% 0.9%
    M&T Bank $115,000 $375,000 226.1% 0.7%
    T2 FINANCIAL LLC $85,000 $375,000 341.2% 0.7%
    The Huntington National Bank $345,000 n/a 0.7%
    The Federal Savings Bank $125,000 $325,000 160.0% 0.6%
    First Commonwealth Bank $270,000 $305,000 13.0% 0.6%
    PENNYMAC LOAN SERVICES, LLC $450,000 $300,000 -33.3% 0.6%
    21ST MORTGAGE CORPORATION $640,000 $280,000 -56.3% 0.5%
    U.S. Bank $280,000 n/a 0.5%
    MidAtlantic Farm Credit, ACA $270,000 n/a 0.5%
    NAVY FEDERAL CREDIT UNION $95,000 $270,000 184.2% 0.5%
    NEW DAY FINANCIAL, LLC $560,000 $250,000 -55.4% 0.5%
    Bank of England $85,000 $240,000 182.4% 0.5%
    GUILD MORTGAGE COMPANY $215,000 n/a 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $205,000 n/a 0.4%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $195,000 n/a 0.4%
    MOVEMENT MORTGAGE, LLC $85,000 $195,000 129.4% 0.4%
    PHH Mortgage Corporation $195,000 n/a 0.4%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $185,000 n/a 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $255,000 $185,000 -27.5% 0.4%
    Jersey Shore State Bank $95,000 $175,000 84.2% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $165,000 $175,000 6.1% 0.3%
    HOWARD HANNA FINANCIAL SERVICES, INC. $160,000 n/a 0.3%
    NFM, INC. $155,000 n/a 0.3%
    TOWNE MORTGAGE COMPANY $145,000 n/a 0.3%
    UNION HOME MORTGAGE CORP. $65,000 $145,000 123.1% 0.3%
    TIDEWATER MORTGAGE SERVICES, INC. $315,000 $135,000 -57.1% 0.3%
    Valley National Bank $125,000 $125,000 0.0% 0.2%
    AFFORDABLE MORTGAGE ADVISORS, LLC. $115,000 n/a 0.2%
    DRAPER AND KRAMER MORTGAGE CORP. $105,000 n/a 0.2%
    HOME POINT FINANCIAL CORPORATION $105,000 n/a 0.2%
    MID AMERICA MORTGAGE, INC. $105,000 n/a 0.2%
    Mortgage Network, Inc. $105,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $290,000 $105,000 -63.8% 0.2%
    TOP FLITE FINANCIAL, INC. $95,000 n/a 0.2%
    First Guaranty Mortgage Corporation $85,000 n/a 0.2%
    First National Bank of Pennsylvania $85,000 n/a 0.2%
    FREEDOM MORTGAGE CORPORATION $935,000 $85,000 -90.9% 0.2%
    Bethpage Federal Credit Union $75,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $175,000 $75,000 -57.1% 0.1%
    FINANCE OF AMERICA REVERSE LLC $75,000 n/a 0.1%
    Flagstar Bank, FSB $75,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $280,000 $75,000 -73.2% 0.1%
    ROYAL UNITED MORTGAGE LLC $450,000 $75,000 -83.3% 0.1%
    Elderton State Bank $205,000 $65,000 -68.3% 0.1%
    HOMESTEAD FUNDING CORP. $450,000 $65,000 -85.6% 0.1%
    COLORADO CREDIT UNION $55,000 n/a 0.1%
    TRUMARK FINANCIAL CREDIT UNION $15,000 n/a 0.0%

    Bradford's top lender by overall market share is Northwest Bank, with 22.1% market share. In second place, with 19.9%, is CNB Bank, having originated $10,210,000 in loans. In third place, with 12.2%, is QUICKEN LOANS, LLC, having originated $6,235,000 in loans. In fourth place, with 4.8%, is The Juniata Valley Bank, having originated $2,450,000 in loans. In fifth place, with 4.6%, is Mortgage Research Center, LLC, having originated $2,340,000 in loans.

    Bradford Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Bradford (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 $79,900 (-11.0%) $112,702 (-13.5%) 0.00 175
    2018-02-01 $79,900 (-11.1%) $119,694 (0.4%) 0.00 177
    2018-03-01 $79,900 (-11.1%) $118,156 (-3.6%) 0.00 174
    2018-04-01 $82,200 (-13.4%) $119,455 (-5.8%) 0.00 186
    2018-05-01 $80,411 (-10.6%) $122,299 (-2.3%) 0.00 200
    2018-06-01 $88,250 (-1.6%) $130,545 (6.0%) 0.00 185
    2018-07-01 $95,325 (10.2%) $133,442 (10.6%) 0.00 193
    2018-08-01 $94,325 (11.1%) $133,155 (10.0%) 0.00 197
    2018-09-01 $88,750 (4.5%) $132,401 (6.7%) 0.00 201
    2018-10-01 $84,900 (0.0%) $129,187 (4.2%) 0.00 215
    2018-11-01 $84,100 (-0.4%) $126,947 (5.9%) 0.00 198
    2018-12-01 $80,000 (0.0%) $123,104 (5.1%) 0.00 192
    2019-01-01 $79,900 (0.0%) $120,403 (6.8%) 0.00 182
    2019-02-01 $79,825 (-0.1%) $118,598 (-0.9%) 0.00 175
    2019-03-01 $79,843 (-0.1%) $115,500 (-2.3%) 0.00 179
    2019-04-01 $79,900 (-2.8%) $111,237 (-6.9%) 0.00 179
    2019-05-01 $84,900 (5.6%) $113,346 (-7.3%) 0.00 194
    2019-06-01 $79,900 (-9.5%) $109,843 (-15.9%) 0.00 189
    2019-07-01 $82,850 (-13.1%) $113,650 (-14.8%) 0.00 194
    2019-08-01 $84,118 (-10.8%) $113,204 (-15.0%) 0.00 198
    2019-09-01 $81,745 (-7.9%) $112,523 (-15.0%) 0.00 201
    2019-10-01 $79,425 (-6.5%) $111,803 (-13.5%) 0.00 199
    2019-11-01 $77,900 (-7.4%) $107,780 (-15.1%) 0.00 194
    2019-12-01 $82,250 (2.8%) $106,977 (-13.1%) 0.00 180
    2020-01-01 $81,250 (1.7%) $104,920 (-12.9%) 0.00 171
    2020-02-01 $79,750 (-0.1%) $104,810 (-11.6%) 0.00 173
    2020-03-01 $85,925 (7.6%) $107,045 (-7.3%) 0.00 177
    2020-04-01 $84,900 (6.3%) $105,783 (-4.9%) 0.00 167
    2020-05-01 $82,450 (-2.9%) $105,032 (-7.3%) 0.00 163
    2020-06-01 $83,700 (4.8%) $106,262 (-3.3%) 0.00 157
    2020-07-01 $85,175 (2.8%) $109,735 (-3.5%) 0.00 149
    2020-08-01 $84,900 (0.9%) $115,404 (1.9%) 0.00 123
    2020-09-01 $84,225 (3.0%) $116,503 (3.5%) 0.00 113
    2020-10-01 $80,000 (0.7%) $120,357 (7.7%) 0.00 105
    2020-11-01 $81,200 (4.2%) $118,535 (10.0%) 0.00 95
    2020-12-01 $75,925 (-7.7%) $116,390 (8.8%) 0.00 82
    2021-01-01 $79,450 (-2.2%) $118,448 (12.9%) 0.00 71
    2021-02-01 $72,650 (-8.9%) $112,705 (7.5%) 0.00 59
    2021-03-01 $73,400 (-14.6%) $115,767 (8.2%) 0.00 48
    2021-04-01 $79,050 (-6.9%) $120,190 (13.6%) 0.00 46
    2021-05-01 $99,750 (21.0%) $136,801 (30.3%) 0.00 49
    2021-06-01 $97,300 (16.3%) $140,846 (32.6%) 0.00 61
    2021-07-01 $111,325 (30.7%) $152,092 (38.6%) 0.00 62
    2021-08-01 $122,463 (44.2%) $173,112 (50.0%) 0.00 63
    2021-09-01 $125,688 (49.2%) $175,463 (50.6%) 0.00 63
    2021-10-01 $122,950 (53.7%) $163,660 (36.0%) 0.00 70
    2021-11-01 $130,700 (61.0%) $175,964 (48.5%) 0.00 59
    2021-12-01 $126,950 (67.2%) $169,089 (45.3%) 0.00 61
    2022-01-01 $129,000 (62.4%) $177,114 (49.5%) 0.00 51
    2022-02-01 $139,450 (92.0%) $188,837 (67.6%) 0.00 46
    2022-03-01 $139,475 (90.0%) $176,995 (52.9%) 0.00 47
    2022-04-01 $127,400 (61.2%) $175,535 (46.1%) 0.00 47
    2022-05-01 $133,725 (34.1%) $172,846 (26.4%) 0.00 50
    2022-06-01 $131,175 (34.8%) $183,125 (30.0%) 0.00 54
    2022-07-01 $129,900 (16.7%) $193,838 (27.5%) 0.00 69
    2022-08-01 $135,650 (10.8%) $190,332 (10.0%) 0.00 73
    2022-09-01 $131,175 (4.4%) $181,452 (3.4%) 0.00 69
    2022-10-01 $132,450 (7.7%) $170,455 (4.2%) 0.00 77
    2022-11-01 $133,725 (2.3%) $165,913 (-5.7%) 0.00 71
    2022-12-01 $129,900 (2.3%) $158,892 (-6.0%) 0.00 64
    2023-01-01 $131,150 (1.7%) $151,105 (-14.7%) 0.00 62
    2023-02-01 $124,675 (-10.6%) $149,541 (-20.8%) 0.00 59
    Bradford's median listing price for 2023-02-01 was $124,675, a difference of $-14,775 (-10.6%) versus the prior year and $-6,475 versus the prior month.

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

    Bradford's average listing price for 2023-02-01 was $149,541, a difference of $-39,296 (-20.8%) versus the prior year and $-1,564 versus the prior month.

    For the 2023-02-01 period, Bradford had 59 MLS listings, a difference of -3 listings (-5%) versus the prior month and 13 listings (28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bradford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,600 sqft
    2018-02-01 0 days 1,600 sqft
    2018-03-01 0 days 1,600 sqft
    2018-04-01 0 days 1,619 sqft
    2018-05-01 0 days 1,635 sqft
    2018-06-01 0 days 1,654 sqft
    2018-07-01 0 days 1,652 sqft
    2018-08-01 0 days 1,604 sqft
    2018-09-01 0 days 1,572 sqft
    2018-10-01 0 days 1,552 sqft
    2018-11-01 0 days 1,524 sqft
    2018-12-01 0 days 1,508 sqft
    2019-01-01 0 days 1,504 sqft
    2019-02-01 0 days 1,504 sqft
    2019-03-01 0 days 1,507 sqft
    2019-04-01 0 days 1,507 sqft
    2019-05-01 0 days 1,526 sqft
    2019-06-01 0 days 1,535 sqft
    2019-07-01 0 days 1,600 sqft
    2019-08-01 0 days 1,615 sqft
    2019-09-01 0 days 1,606 sqft
    2019-10-01 0 days 1,601 sqft
    2019-11-01 0 days 1,568 sqft
    2019-12-01 0 days 1,567 sqft
    2020-01-01 0 days 1,544 sqft
    2020-02-01 0 days 1,524 sqft
    2020-03-01 0 days 1,555 sqft
    2020-04-01 0 days 1,562 sqft
    2020-05-01 0 days 1,564 sqft
    2020-06-01 0 days 1,552 sqft
    2020-07-01 0 days 1,558 sqft
    2020-08-01 0 days 1,564 sqft
    2020-09-01 0 days 1,547 sqft
    2020-10-01 0 days 1,556 sqft
    2020-11-01 0 days 1,520 sqft
    2020-12-01 0 days 1,548 sqft
    2021-01-01 0 days 1,544 sqft
    2021-02-01 0 days 1,538 sqft
    2021-03-01 0 days 1,540 sqft
    2021-04-01 0 days 1,672 sqft
    2021-05-01 0 days 1,756 sqft
    2021-06-01 0 days 1,557 sqft
    2021-07-01 0 days 1,716 sqft
    2021-08-01 0 days 1,737 sqft
    2021-09-01 0 days 1,792 sqft
    2021-10-01 0 days 1,776 sqft
    2021-11-01 0 days 1,817 sqft
    2021-12-01 0 days 1,697 sqft
    2022-01-01 0 days 1,698 sqft
    2022-02-01 0 days 1,792 sqft
    2022-03-01 0 days 1,790 sqft
    2022-04-01 0 days 1,798 sqft
    2022-05-01 0 days 1,726 sqft
    2022-06-01 0 days 1,654 sqft
    2022-07-01 0 days 1,695 sqft
    2022-08-01 0 days 1,695 sqft
    2022-09-01 0 days 1,565 sqft
    2022-10-01 0 days 1,561 sqft
    2022-11-01 0 days 1,553 sqft
    2022-12-01 0 days 1,567 sqft
    2023-01-01 0 days 1,565 sqft
    2023-02-01 0 days 1,570 sqft
    Bradford's median listing age (time on market) for 2023-02-01 was 0 days.

    Bradford's median square footage for active listings during the 2023-02-01 period was 1,570 sqft. One year prior, the average listing was 1,792 sqft.

    Bradford, PA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 240 $31,850,000 $132,708
    Home Improvement 69 $4,265,000 $61,812
    Refi 64 $6,710,000 $104,844
    Cash Out Refi 61 $6,655,000 $109,098
    Other 25 $1,755,000 $70,200

    Bradford's most frequently cited loan purpose was Home Purchase, with 240 originations. The 2nd most popular reason was Home Improvement, with 69 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    4-5% 119 $14,235,000 $119,622
    5-6% 115 $12,365,000 $107,522
    3-4% 78 $8,230,000 $105,513
    6-7% 44 $5,540,000 $125,909
    7-8% 26 $2,470,000 $95,000
    <2.5% 25 $2,515,000 $100,600
    2.5-3% 24 $2,900,000 $120,833
    Over 8% 11 $465,000 $42,273

    During 2022, Bradford's most frequently originated rate bucket was 4-5%, with 119 originations.

    Loan Sizing (Bradford, PA MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 268 $16,030,000 $59,813
    $100k-200k 142 $20,210,000 $142,324
    $200k-400k 42 $10,960,000 $260,952
    $400k-600k 4 $1,890,000 $472,500
    $600k-1000k 3 $2,145,000 $715,000

    Bradford's loan sizing saw the bucket of loans from $100,000 or less with 268 originations, totaling $16,030,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 204 $27,240,000 $133,529
    60-80% 114 $12,250,000 $107,456
    20-40% 52 $2,740,000 $52,692
    40-60% 46 $4,530,000 $98,478
    Under 20% 23 $1,425,000 $61,957
    Over 100% 2 $450,000 $225,000

    Bradford's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 204 originations, totaling $27,240,000 in origination value.