Brookhaven 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 Brookhaven averaged 6.87% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.85% and one month ago for the week of 2023-02-16, the average rate was 6.77%.

    Brookhaven's average rate one year ago was 4.07%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.76%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Brookhaven 30 Year Fixed Rate 2023-03-23 6.87%
    Brookhaven 30 Year Fixed Rate Refi 2023-03-23 6.76%
    Brookhaven 15 Year Fixed Rate 2023-03-23 6.26%
    Brookhaven 15 Year Fixed Rate Refi 2023-03-23 6.61%
    Brookhaven 30 Year FHA 2023-03-23 6.28%
    Brookhaven 30 Year FHA Refi 2023-03-23 5.83%
    Brookhaven 30 Year USDA 2023-03-23 6.27%
    Brookhaven 30 Year USDA Refi 2023-03-23 5.53%
    Brookhaven 30 Year VA 2023-03-23 6.06%
    Brookhaven 30 Year VA Refi 2023-03-23 5.76%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Brookhaven, MS.

    Brookhaven 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 Brookhaven, MS 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
    ANGEL OAK HOME LOANS LLC 28 5.21% $4,177
    Trustmark National Bank 16 5.12% $3,689
    MORTGAGE INVESTORS GROUP, INC. 15 5.53% $4,767
    QUICKEN LOANS, LLC 8 5.05% $6,073
    Renasant Bank 4 5.63% $4,583
    UNITED WHOLESALE MORTGAGE, LLC 4 4.93% $6,800
    GMFS LLC 3 5.75% $3,764
    BankPlus 3 4.07% $3,957
    FIDELITY BANK 3 6.21% $4,358
    LOANDEPOT.COM, LLC 2 4.25% $4,130
    Regions Bank 2 5.88% $7,032
    PENNYMAC LOAN SERVICES, LLC 2 3.75% $6,040
    Bank of England 2 6.00% $5,064
    INTERLINC MORTGAGE SERVICES, LLC 2 4.50% $3,816
    Mortgage Research Center, LLC 1 4.38% $1,151
    NATIONS RELIABLE LENDING, LLC 1 4.00% $4,402
    NEWREZ LLC 1 3.25% $4,085
    United Community Bank 1 3.75% $3,969
    USAA Federal Savings Bank 1 6.13% $3,681
    U.S. Bank 1 3.38% $4,556
    21ST MORTGAGE CORPORATION 1 6.05% $6,162
    Wells Fargo Bank 1 4.38% $5,563
    AMERISAVE MORTGAGE CORPORATION 1 4.50% $10,273
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.00% $4,686
    BancorpSouth Bank 1 4.25% $3,995
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 6.25% $6,556
    CB&S Bank, Inc. 1 5.03% $5,250
    CHURCHILL MORTGAGE CORPORATION 1 3.38% $3,626
    Citizens Bank 1 4.75% $5,211
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.50% $0
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.49% $3,233
    Flagstar Bank, FSB 1 3.75% $3,804
    Gulf Coast Bank and Trust Company 1 6.13% $3,258
    Hancock Whitney Bank 1 5.63% $2,560
    Magnolia Bank 1 3.50% $4,203

    Brookhaven Average Closing Costs & Other Stats

    Brookhaven, MS's 35 lenders originated 545 loans during 2022. The total origination value was $78,885,000, with an average loan value of $144,743.

    Brookhaven's average closing costs are $4,469.

    The top Brookhaven lender as defined by loan originations is ANGEL OAK HOME LOANS LLC, with 28 loans originated. Their average total fees are $4,177, which is $488 higher than the next largest lender, Trustmark National Bank.

    The lowest fee Brookhaven lenders (with over 10 loans originated) are Trustmark National Bank ($3,689), ANGEL OAK HOME LOANS LLC ($4,177), MORTGAGE INVESTORS GROUP, INC. ($4,767), .

    The lowest rate Brookhaven lenders (with over 10 loans originated) are Trustmark National Bank (5.12%), ANGEL OAK HOME LOANS LLC (5.21%), MORTGAGE INVESTORS GROUP, INC. (5.53%), .

    Brookhaven, MS 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
    Trustmark National Bank $25,080,000 $14,670,000 -41.5% 18.6%
    ANGEL OAK HOME LOANS LLC $22,480,000 $12,305,000 -45.3% 15.6%
    BankPlus $6,305,000 $8,300,000 31.6% 10.5%
    QUICKEN LOANS, LLC $8,650,000 $5,905,000 -31.7% 7.5%
    MORTGAGE INVESTORS GROUP, INC. $4,535,000 $3,920,000 -13.6% 5.0%
    21ST MORTGAGE CORPORATION $2,735,000 $2,865,000 4.8% 3.6%
    First Bank $1,555,000 $2,005,000 28.9% 2.5%
    Regions Bank $1,165,000 $1,915,000 64.4% 2.4%
    Mortgage Research Center, LLC $1,150,000 $1,705,000 48.3% 2.2%
    Renasant Bank $1,465,000 $1,585,000 8.2% 2.0%
    GMFS LLC $1,085,000 $1,305,000 20.3% 1.7%
    Community First Bank $1,225,000 n/a 1.6%
    FIDELITY BANK $3,925,000 $1,220,000 -68.9% 1.5%
    CU COMMUNITY, LLC $135,000 $1,115,000 725.9% 1.4%
    United Community Bank $1,005,000 n/a 1.3%
    TRIAD FINANCIAL SERVICES, INC. $520,000 $975,000 87.5% 1.2%
    Carrington Mortgage Services, LLC $285,000 $760,000 166.7% 1.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $975,000 $750,000 -23.1% 1.0%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,610,000 $730,000 -54.7% 0.9%
    UNITED WHOLESALE MORTGAGE, LLC $1,260,000 $730,000 -42.1% 0.9%
    LOANDEPOT.COM, LLC $1,515,000 $680,000 -55.1% 0.9%
    PENNYMAC LOAN SERVICES, LLC $700,000 $620,000 -11.4% 0.8%
    CROSSCOUNTRY MORTGAGE, LLC $615,000 n/a 0.8%
    USAA Federal Savings Bank $515,000 n/a 0.7%
    FirstBank $335,000 $490,000 46.3% 0.6%
    INTERLINC MORTGAGE SERVICES, LLC $470,000 n/a 0.6%
    FREEDOM MORTGAGE CORPORATION $2,100,000 $465,000 -77.9% 0.6%
    BROKER SOLUTIONS, INC. $65,000 $405,000 523.1% 0.5%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $395,000 n/a 0.5%
    CSL Financial, LLC $225,000 $380,000 68.9% 0.5%
    Bank of England $360,000 n/a 0.5%
    SIRVA MORTGAGE, INC. $355,000 n/a 0.5%
    HOME POINT FINANCIAL CORPORATION $350,000 $340,000 -2.9% 0.4%
    Magnolia Bank $325,000 n/a 0.4%
    BancorpSouth Bank $1,605,000 $285,000 -82.2% 0.4%
    SOUTHWEST STAGE FUNDING, LLC $630,000 $285,000 -54.8% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $285,000 $280,000 -1.8% 0.4%
    CB&S Bank, Inc. $275,000 n/a 0.3%
    CMG MORTGAGE, INC. $300,000 $275,000 -8.3% 0.3%
    Flagstar Bank, FSB $680,000 $270,000 -60.3% 0.3%
    Hancock Whitney Bank $270,000 n/a 0.3%
    CHURCHILL MORTGAGE CORPORATION $260,000 n/a 0.3%
    Mid-Continent Funding, Inc. $255,000 n/a 0.3%
    PLANET HOME LENDING, LLC $350,000 $250,000 -28.6% 0.3%
    Wells Fargo Bank $2,025,000 $250,000 -87.7% 0.3%
    AMERISAVE MORTGAGE CORPORATION $195,000 $245,000 25.6% 0.3%
    Barrington Bank & Trust Company, N.A. $225,000 n/a 0.3%
    U.S. Bank $215,000 n/a 0.3%
    First American Bank and Trust $205,000 n/a 0.3%
    NAVY FEDERAL CREDIT UNION $55,000 $205,000 272.7% 0.3%
    Citizens Bank $185,000 n/a 0.2%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $175,000 n/a 0.2%
    Flanagan State Bank $175,000 n/a 0.2%
    Gulf Coast Bank and Trust Company $175,000 n/a 0.2%
    PLAZA HOME MORTGAGE, INC. $175,000 n/a 0.2%
    PriorityOne Bank $450,000 $175,000 -61.1% 0.2%
    NATIONS RELIABLE LENDING, LLC $155,000 n/a 0.2%
    Community Bank of Mississippi $745,000 $145,000 -80.5% 0.2%
    Secured Investment Corp. $155,000 $145,000 -6.5% 0.2%
    NEWREZ LLC $295,000 $125,000 -57.6% 0.2%
    AMERICAN ADVISORS GROUP $115,000 n/a 0.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $215,000 $105,000 -51.2% 0.1%
    CIS Financial Services, Inc. $105,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $280,000 $105,000 -62.5% 0.1%
    SPRING EQ, LLC $105,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $175,000 $100,000 -42.9% 0.1%
    OPEN MORTGAGE, LLC $785,000 $95,000 -87.9% 0.1%
    Citizens Bank $80,000 n/a 0.1%
    Guaranty Bank and Trust Company $75,000 n/a 0.1%
    GUARANTEED RATE, INC. $65,000 n/a 0.1%
    LIMA ONE CAPITAL, LLC $65,000 n/a 0.1%
    Equity Prime Mortgage LLC $55,000 n/a 0.1%
    1st Franklin Financial Corporation $45,000 n/a 0.1%
    Concordia Bank and Trust Company $35,000 n/a 0.0%
    Copiah Bank $110,000 $35,000 -68.2% 0.0%

    Brookhaven's top lender by overall market share is Trustmark National Bank, with 18.6% market share. In second place, with 15.6%, is ANGEL OAK HOME LOANS LLC, having originated $12,305,000 in loans. In third place, with 10.5%, is BankPlus, having originated $8,300,000 in loans. In fourth place, with 7.5%, is QUICKEN LOANS, LLC, having originated $5,905,000 in loans. In fifth place, with 5.0%, is MORTGAGE INVESTORS GROUP, INC., having originated $3,920,000 in loans.

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

    Realtor.com - Brookhaven (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 $148,875 (4.9%) $203,649 (18.6%) 0.00 79
    2018-02-01 $141,175 (-2.3%) $196,045 (13.3%) 0.00 80
    2018-03-01 $139,000 (-6.9%) $190,728 (11.1%) 0.00 85
    2018-04-01 $138,200 (-13.1%) $190,134 (-4.4%) 0.00 81
    2018-05-01 $164,225 (6.0%) $215,746 (12.0%) 0.00 82
    2018-06-01 $152,000 (-0.6%) $204,793 (11.5%) 0.00 91
    2018-07-01 $143,875 (-7.2%) $195,234 (6.5%) 0.00 99
    2018-08-01 $151,250 (-4.0%) $199,236 (13.2%) 0.00 93
    2018-09-01 $148,000 (-4.5%) $203,431 (14.9%) 0.00 94
    2018-10-01 $157,000 (1.1%) $207,231 (12.3%) 0.00 97
    2018-11-01 $164,500 (6.5%) $225,159 (14.3%) 0.00 108
    2018-12-01 $169,000 (13.0%) $224,792 (10.3%) 0.00 100
    2019-01-01 $171,100 (14.9%) $232,832 (14.3%) 0.00 103
    2019-02-01 $164,750 (16.7%) $232,820 (18.8%) 0.00 110
    2019-03-01 $154,357 (11.1%) $224,678 (17.8%) 0.00 113
    2019-04-01 $149,357 (8.1%) $217,925 (14.6%) 0.00 114
    2019-05-01 $149,250 (-9.1%) $201,206 (-6.7%) 0.00 111
    2019-06-01 $146,250 (-3.8%) $202,039 (-1.3%) 0.00 112
    2019-07-01 $149,900 (4.2%) $204,840 (4.9%) 0.00 101
    2019-08-01 $151,182 (-0.1%) $192,553 (-3.4%) 0.00 102
    2019-09-01 $149,955 (1.3%) $179,287 (-11.9%) 0.00 103
    2019-10-01 $149,636 (-4.7%) $177,146 (-14.5%) 0.00 99
    2019-11-01 $165,000 (0.3%) $195,139 (-13.3%) 0.00 98
    2019-12-01 $159,475 (-5.6%) $186,473 (-17.1%) 0.00 105
    2020-01-01 $163,600 (-4.4%) $187,688 (-19.4%) 0.00 101
    2020-02-01 $165,000 (0.2%) $196,185 (-15.7%) 0.00 109
    2020-03-01 $174,750 (13.2%) $204,063 (-9.2%) 0.00 105
    2020-04-01 $175,000 (17.2%) $205,035 (-5.9%) 0.00 99
    2020-05-01 $174,990 (17.3%) $207,187 (3.0%) 0.00 92
    2020-06-01 $170,125 (16.3%) $203,208 (0.6%) 0.00 80
    2020-07-01 $171,500 (14.4%) $210,603 (2.8%) 0.00 68
    2020-08-01 $162,250 (7.3%) $199,289 (3.5%) 0.00 59
    2020-09-01 $157,125 (4.8%) $200,633 (11.9%) 0.00 58
    2020-10-01 $147,500 (-1.4%) $203,776 (15.0%) 0.00 60
    2020-11-01 $149,925 (-9.1%) $219,919 (12.7%) 0.00 59
    2020-12-01 $152,500 (-4.4%) $217,610 (16.7%) 0.00 54
    2021-01-01 $150,000 (-8.3%) $203,949 (8.7%) 0.00 48
    2021-02-01 $178,125 (8.0%) $233,176 (18.9%) 0.00 40
    2021-03-01 $164,875 (-5.7%) $209,693 (2.8%) 0.00 36
    2021-04-01 $163,750 (-6.4%) $210,937 (2.9%) 0.00 33
    2021-05-01 $158,500 (-9.4%) $204,399 (-1.4%) 0.00 32
    2021-06-01 $181,225 (6.5%) $206,361 (1.6%) 0.00 34
    2021-07-01 $169,900 (-0.9%) $203,786 (-3.2%) 0.00 41
    2021-08-01 $185,000 (14.0%) $208,507 (4.6%) 0.00 47
    2021-09-01 $185,000 (17.7%) $214,243 (6.8%) 0.00 49
    2021-10-01 $180,000 (22.0%) $207,572 (1.9%) 0.00 44
    2021-11-01 $188,750 (25.9%) $206,825 (-6.0%) 0.00 38
    2021-12-01 $188,750 (23.8%) $214,115 (-1.6%) 0.00 40
    2022-01-01 $180,000 (20.0%) $205,945 (1.0%) 0.00 39
    2022-02-01 $203,000 (14.0%) $231,733 (-0.6%) 0.00 43
    2022-03-01 $217,000 (31.6%) $244,750 (16.7%) 0.00 46
    2022-04-01 $222,000 (35.6%) $247,878 (17.5%) 0.00 44
    2022-05-01 $255,250 (61.0%) $274,660 (34.4%) 0.00 40
    2022-06-01 $246,000 (35.7%) $277,191 (34.3%) 0.00 45
    2022-07-01 $235,000 (38.3%) $260,666 (27.9%) 0.00 53
    2022-08-01 $246,175 (33.1%) $283,550 (36.0%) 0.00 50
    2022-09-01 $239,975 (29.7%) $270,298 (26.2%) 0.00 52
    2022-10-01 $239,750 (33.2%) $275,448 (32.7%) 0.00 48
    2022-11-01 $222,400 (17.8%) $264,503 (27.9%) 0.00 48
    2022-12-01 $230,000 (21.9%) $272,767 (27.4%) 0.00 51
    2023-01-01 $233,750 (29.9%) $289,159 (40.4%) 0.00 53
    2023-02-01 $250,250 (23.3%) $293,450 (26.6%) 0.00 56
    Brookhaven's median listing price for 2023-02-01 was $250,250, a difference of $47,250 (23.3%) versus the prior year and $16,500 versus the prior month.

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

    Brookhaven's average listing price for 2023-02-01 was $293,450, a difference of $61,717 (26.6%) versus the prior year and $4,291 versus the prior month.

    For the 2023-02-01 period, Brookhaven had 56 MLS listings, a difference of 3 listings (6%) versus the prior month and 13 listings (30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Brookhaven (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,126 sqft
    2018-02-01 0 days 2,100 sqft
    2018-03-01 0 days 2,045 sqft
    2018-04-01 0 days 2,008 sqft
    2018-05-01 0 days 2,220 sqft
    2018-06-01 0 days 2,045 sqft
    2018-07-01 0 days 1,921 sqft
    2018-08-01 0 days 1,985 sqft
    2018-09-01 0 days 1,984 sqft
    2018-10-01 0 days 2,012 sqft
    2018-11-01 0 days 2,016 sqft
    2018-12-01 0 days 2,016 sqft
    2019-01-01 0 days 2,036 sqft
    2019-02-01 0 days 2,042 sqft
    2019-03-01 0 days 1,994 sqft
    2019-04-01 0 days 1,979 sqft
    2019-05-01 0 days 1,916 sqft
    2019-06-01 0 days 1,949 sqft
    2019-07-01 0 days 1,947 sqft
    2019-08-01 0 days 1,934 sqft
    2019-09-01 0 days 1,914 sqft
    2019-10-01 0 days 1,913 sqft
    2019-11-01 0 days 1,953 sqft
    2019-12-01 0 days 2,000 sqft
    2020-01-01 0 days 1,917 sqft
    2020-02-01 0 days 1,977 sqft
    2020-03-01 0 days 2,074 sqft
    2020-04-01 0 days 2,018 sqft
    2020-05-01 0 days 2,094 sqft
    2020-06-01 0 days 2,101 sqft
    2020-07-01 0 days 2,095 sqft
    2020-08-01 0 days 2,137 sqft
    2020-09-01 0 days 2,113 sqft
    2020-10-01 0 days 2,104 sqft
    2020-11-01 0 days 2,064 sqft
    2020-12-01 0 days 1,983 sqft
    2021-01-01 0 days 1,962 sqft
    2021-02-01 0 days 2,027 sqft
    2021-03-01 0 days 1,871 sqft
    2021-04-01 0 days 1,940 sqft
    2021-05-01 0 days 1,740 sqft
    2021-06-01 0 days 1,942 sqft
    2021-07-01 0 days 1,976 sqft
    2021-08-01 0 days 1,981 sqft
    2021-09-01 0 days 1,881 sqft
    2021-10-01 0 days 1,823 sqft
    2021-11-01 0 days 1,945 sqft
    2021-12-01 0 days 1,910 sqft
    2022-01-01 0 days 2,002 sqft
    2022-02-01 0 days 2,052 sqft
    2022-03-01 0 days 2,108 sqft
    2022-04-01 0 days 2,137 sqft
    2022-05-01 0 days 2,293 sqft
    2022-06-01 0 days 2,264 sqft
    2022-07-01 0 days 2,157 sqft
    2022-08-01 0 days 2,190 sqft
    2022-09-01 0 days 2,155 sqft
    2022-10-01 0 days 2,083 sqft
    2022-11-01 0 days 2,006 sqft
    2022-12-01 0 days 2,024 sqft
    2023-01-01 0 days 2,275 sqft
    2023-02-01 0 days 2,300 sqft
    Brookhaven's median listing age (time on market) for 2023-02-01 was 0 days.

    Brookhaven's median square footage for active listings during the 2023-02-01 period was 2,300 sqft. One year prior, the average listing was 2,052 sqft.

    Brookhaven, MS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 270 $49,100,000 $181,852
    Refi 143 $17,875,000 $125,000
    Other 52 $3,070,000 $59,038
    Cash Out Refi 52 $6,970,000 $134,038
    Home Improvement 28 $1,870,000 $66,786

    Brookhaven's most frequently cited loan purpose was Home Purchase, with 270 originations. The 2nd most popular reason was Refi, with 143 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 102 $16,310,000 $159,902
    3-4% 88 $14,470,000 $164,432
    4-5% 85 $15,895,000 $187,000
    <2.5% 79 $5,455,000 $69,051
    6-7% 57 $10,845,000 $190,263
    2.5-3% 44 $4,890,000 $111,136
    7-8% 37 $4,445,000 $120,135
    Over 8% 30 $3,070,000 $102,333

    During 2022, Brookhaven's most frequently originated rate bucket was 5-6%, with 102 originations.

    Loan Sizing (Brookhaven, MS MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 229 $12,975,000 $56,659
    $100k-200k 194 $28,530,000 $147,062
    $200k-400k 109 $29,265,000 $268,486
    $400k-600k 8 $3,670,000 $458,750
    $600k-1000k 4 $3,220,000 $805,000
    $Over $1MM 1 $1,225,000 $1,225,000

    Brookhaven's loan sizing saw the bucket of loans from $100,000 or less with 229 originations, totaling $12,975,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 211 $37,515,000 $177,796
    60-80% 122 $22,850,000 $187,295
    20-40% 76 $5,470,000 $71,974
    Under 20% 51 $1,595,000 $31,275
    40-60% 48 $5,500,000 $114,583
    Over 100% 8 $1,850,000 $231,250

    Brookhaven's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 211 originations, totaling $37,515,000 in origination value.