Brookhaven Mortgage Rates
30 Year Fixed Rate mortgages in Brookhaven averaged
5.83%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
6.24% and
one month ago for the week of 2022-05-26, the
average rate was 5.23%.
Brookhaven's average rate one year ago was 3.37%.
For refis of the same type during the week of 2022-06-30, the average rate
was 6.08%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
| Brookhaven 30 Year Fixed Rate | 2022-06-30 | 5.83% |
| Brookhaven 30 Year Fixed Rate Refi | 2022-06-30 | 6.08% |
| Brookhaven 15 Year Fixed Rate | 2022-06-30 | 6.61% |
| Brookhaven 15 Year Fixed Rate Refi | 2022-06-30 | 5.05% |
| Brookhaven 30 Year FHA | 2022-06-30 | 5.76% |
| Brookhaven 30 Year FHA Refi | 2022-06-30 | 5.79% |
| Brookhaven 30 Year USDA | 2022-06-30 | 5.57% |
| Brookhaven 30 Year USDA Refi | 2022-06-30 | 2.55% |
| Brookhaven 30 Year VA | 2022-06-30 | 5.76% |
| Brookhaven 30 Year VA Refi | 2022-06-30 | 5.36% |
Brookhaven Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, 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.).
Brookhaven, MS's 37 lenders originated 730
loans during 2021. The total origination value was $118,160,000, with an average loan value of
$161,863.
The top Brookhaven lender as defined by loan originations is ANGEL OAK HOME LOANS LLC, with
51 loans originated. Their average total fees are
$3,886, which is $751
higher than the next largest lender,
Trustmark National Bank.
The lowest fee Brookhaven lenders (with over 10 loans originated) are
Trustmark National Bank ($3,136), MORTGAGE INVESTORS GROUP, INC. ($3,293), ANGEL OAK HOME LOANS LLC ($3,886), FIDELITY BANK ($4,026) and QUICKEN LOANS, LLC ($4,314).
The lowest rate Brookhaven lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (3.09%), MORTGAGE INVESTORS GROUP, INC. (3.22%), ANGEL OAK HOME LOANS LLC (3.25%), Trustmark National Bank (3.26%) and FIDELITY BANK (3.45%).
Brookhaven, MS Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| Trustmark National Bank | $21,420,000 | $25,080,000 | 17.1% | 21.2% |
| ANGEL OAK HOME LOANS LLC | $18,265,000 | $22,480,000 | 23.1% | 19.0% |
| QUICKEN LOANS, LLC | $8,610,000 | $8,650,000 | 0.5% | 7.3% |
| BankPlus | $1,530,000 | $6,305,000 | 312.1% | 5.3% |
| MORTGAGE INVESTORS GROUP, INC. | $2,005,000 | $4,535,000 | 126.2% | 3.8% |
| FIDELITY BANK | $4,960,000 | $3,925,000 | -20.9% | 3.3% |
| CBRE MULTIFAMILY CAPITAL, INC. | $3,175,000 | n/a | 2.7% | |
| 21ST MORTGAGE CORPORATION | $2,395,000 | $2,735,000 | 14.2% | 2.3% |
| Hamilton Mortgage Corporation | $1,925,000 | $2,195,000 | 14.0% | 1.9% |
| FREEDOM MORTGAGE CORPORATION | $1,815,000 | $2,100,000 | 15.7% | 1.8% |
| Wells Fargo Bank | $625,000 | $2,025,000 | 224.0% | 1.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,340,000 | $1,610,000 | 20.1% | 1.4% |
| BancorpSouth Bank | $155,000 | $1,605,000 | 935.5% | 1.4% |
| First Bank | $2,265,000 | $1,555,000 | -31.3% | 1.3% |
| LOANDEPOT.COM, LLC | $1,205,000 | $1,515,000 | 25.7% | 1.3% |
| Renasant Bank | $4,480,000 | $1,465,000 | -67.3% | 1.2% |
| CRESCENT MORTGAGE COMPANY | $1,455,000 | n/a | 1.2% | |
| UNITED WHOLESALE MORTGAGE, LLC | $1,485,000 | $1,260,000 | -15.2% | 1.1% |
| Regions Bank | $2,220,000 | $1,165,000 | -47.5% | 1.0% |
| Mortgage Research Center, LLC | $965,000 | $1,150,000 | 19.2% | 1.0% |
| GMFS LLC | $775,000 | $1,085,000 | 40.0% | 0.9% |
| Reliant Bank | $205,000 | $980,000 | 378.0% | 0.8% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $780,000 | $975,000 | 25.0% | 0.8% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $250,000 | $920,000 | 268.0% | 0.8% |
| OPEN MORTGAGE, LLC | $185,000 | $785,000 | 324.3% | 0.7% |
| JPMorgan Chase Bank | $205,000 | $780,000 | 280.5% | 0.7% |
| Community Bank of Mississippi | $145,000 | $745,000 | 413.8% | 0.6% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $235,000 | $735,000 | 212.8% | 0.6% |
| First South Farm Credit, ACA | $705,000 | n/a | 0.6% | |
| PENNYMAC LOAN SERVICES, LLC | $575,000 | $700,000 | 21.7% | 0.6% |
| Flagstar Bank, FSB | $680,000 | n/a | 0.6% | |
| SOUTHWEST STAGE FUNDING, LLC | $1,115,000 | $630,000 | -43.5% | 0.5% |
| BankFirst Financial Services | $285,000 | $580,000 | 103.5% | 0.5% |
| TRIAD FINANCIAL SERVICES, INC. | $330,000 | $520,000 | 57.6% | 0.4% |
| KEESLER | $1,355,000 | $515,000 | -62.0% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $125,000 | $500,000 | 300.0% | 0.4% |
| The Federal Savings Bank | $480,000 | n/a | 0.4% | |
| PriorityOne Bank | $285,000 | $450,000 | 57.9% | 0.4% |
| PENTAGON FEDERAL CREDIT UNION | $405,000 | n/a | 0.3% | |
| EVANSVILLE TEACHERS | $235,000 | $355,000 | 51.1% | 0.3% |
| HOME POINT FINANCIAL CORPORATION | $340,000 | $350,000 | 2.9% | 0.3% |
| PLANET HOME LENDING, LLC | $350,000 | n/a | 0.3% | |
| FirstBank | $190,000 | $335,000 | 76.3% | 0.3% |
| Ally Bank | $310,000 | n/a | 0.3% | |
| First Guaranty Bank | $305,000 | n/a | 0.3% | |
| CMG MORTGAGE, INC. | $145,000 | $300,000 | 106.9% | 0.3% |
| Bank of America | $245,000 | $295,000 | 20.4% | 0.2% |
| NEWREZ LLC | $370,000 | $295,000 | -20.3% | 0.2% |
| VILLAGE CAPITAL & INVESTMENT LLC | $290,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $605,000 | $285,000 | -52.9% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $690,000 | $285,000 | -58.7% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $580,000 | $280,000 | -51.7% | 0.2% |
| NEW DAY FINANCIAL, LLC | $435,000 | $245,000 | -43.7% | 0.2% |
| CSL Financial, LLC | $155,000 | $225,000 | 45.2% | 0.2% |
| ACADEMY MORTGAGE CORPORATION | $220,000 | n/a | 0.2% | |
| Assurance Financial Group, L.L.C. | $220,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL NETWORK, INC. | $165,000 | $215,000 | 30.3% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $450,000 | $215,000 | -52.2% | 0.2% |
| Origin Bank | $215,000 | n/a | 0.2% | |
| EVERETT FINANCIAL, INC. | $310,000 | $205,000 | -33.9% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $195,000 | n/a | 0.2% | |
| First Federal Savings and Loan Association | $185,000 | n/a | 0.2% | |
| Low VA Rates, LLC | $185,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $115,000 | $185,000 | 60.9% | 0.2% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $460,000 | $175,000 | -62.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $155,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $155,000 | n/a | 0.1% | |
| Austin Capital Bank SSB | $155,000 | n/a | 0.1% | |
| CORNERSTONE HOME LENDING, INC. | $240,000 | $155,000 | -35.4% | 0.1% |
| Secured Investment Corp. | $155,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $145,000 | n/a | 0.1% | |
| ATLANTA POSTAL | $135,000 | n/a | 0.1% | |
| CU COMMUNITY, LLC | $135,000 | n/a | 0.1% | |
| Inwood National Bank | $135,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $725,000 | $125,000 | -82.8% | 0.1% |
| Grand Bank for Savings, FSB | $115,000 | n/a | 0.1% | |
| Copiah Bank | $75,000 | $110,000 | 46.7% | 0.1% |
| First Guaranty Mortgage Corporation | $210,000 | $105,000 | -50.0% | 0.1% |
| BETTER MORTGAGE CORPORATION | $95,000 | n/a | 0.1% | |
| COUNTRYPLACE MORTGAGE, LTD. | $95,000 | n/a | 0.1% | |
| OCEANSIDE MORTGAGE COMPANY | $95,000 | $95,000 | 0.0% | 0.1% |
| Peoples Bank | $75,000 | n/a | 0.1% | |
| BROKER SOLUTIONS, INC. | $285,000 | $65,000 | -77.2% | 0.1% |
| NAVY FEDERAL CREDIT UNION | $220,000 | $55,000 | -75.0% | 0.0% |
| Figure Lending LLC | $25,000 | n/a | 0.0% |
Brookhaven's top lender by overall market share is Trustmark National Bank, with 21.2% market share. In second place, with 19.0%, is ANGEL OAK HOME LOANS LLC, having originated $22,480,000 in loans. In third place, with 7.3%, is QUICKEN LOANS, LLC, having originated $8,650,000 in loans. In third place, with 5.3%, is BankPlus, having originated $6,305,000 in loans. In third place, with 3.8%, is MORTGAGE INVESTORS GROUP, INC., having originated $4,535,000 in loans.
Brookhaven, MS Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 328 | $50,770,000 | $154,787 |
| Refi | 272 | $51,420,000 | $189,044 |
| Cash Out Refi | 68 | $11,830,000 | $173,971 |
| Other | 48 | $3,320,000 | $69,167 |
| Home Improvement | 14 | $820,000 | $58,571 |
Brookhaven's most frequently cited loan purpose was Home Purchase, with 328 originations. The 2nd most popular reason was Refi, with 272 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 222 | $43,420,000 | $195,586 |
| 2.5-3% | 201 | $37,985,000 | $188,980 |
| <2.5% | 153 | $19,895,000 | $130,033 |
| Over 8% | 41 | $2,995,000 | $73,049 |
| 4-5% | 34 | $7,210,000 | $212,059 |
| 7-8% | 22 | $1,590,000 | $72,273 |
| 5-6% | 17 | $1,415,000 | $83,235 |
| 6-7% | 17 | $1,495,000 | $87,941 |
During 2021, Brookhaven's most frequently originated rate bucket was 3-4%, with 222 originations.
Loan Sizing (Brookhaven, MS MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 296 | $44,080,000 | $148,919 |
| $100,000 or less | 248 | $15,280,000 | $61,613 |
| $200k-400k | 163 | $42,075,000 | $258,129 |
| $400k-600k | 19 | $8,955,000 | $471,316 |
| $600k-1000k | 2 | $1,390,000 | $695,000 |
| $Over $1MM | 2 | $6,380,000 | $3,190,000 |
Brookhaven's loan sizing saw the bucket of loans from $100k-200k with 296 originations, totaling $44,080,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 339 | $57,055,000 | $168,304 |
| 60-80% | 198 | $35,970,000 | $181,667 |
| 40-60% | 66 | $14,620,000 | $221,515 |
| 20-40% | 49 | $3,495,000 | $71,327 |
| Under 20% | 29 | $755,000 | $26,034 |
| Over 100% | 9 | $1,355,000 | $150,556 |
Brookhaven's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 339 originations, totaling $57,055,000 in origination value.
Market Conditions (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 | $154,500 (6.6%) | $201,779 (14.5%) | 0.00 | 77 |
| 2018-02-01 | $148,500 (-0.3%) | $198,166 (10.6%) | 0.00 | 79 |
| 2018-03-01 | $145,000 (-5.7%) | $193,858 (8.5%) | 0.00 | 82 |
| 2018-04-01 | $142,500 (-10.9%) | $195,264 (-8.3%) | 0.00 | 76 |
| 2018-05-01 | $169,900 (8.0%) | $221,930 (3.5%) | 0.00 | 76 |
| 2018-06-01 | $149,900 (-3.3%) | $197,223 (3.1%) | 0.00 | 85 |
| 2018-07-01 | $142,250 (-8.2%) | $187,494 (1.7%) | 0.00 | 90 |
| 2018-08-01 | $151,250 (-4.3%) | $189,691 (8.9%) | 0.00 | 84 |
| 2018-09-01 | $148,000 (-4.5%) | $195,486 (12.0%) | 0.00 | 88 |
| 2018-10-01 | $159,250 (4.1%) | $207,763 (17.7%) | 0.00 | 93 |
| 2018-11-01 | $160,000 (5.6%) | $224,281 (19.7%) | 0.00 | 106 |
| 2018-12-01 | $160,000 (6.7%) | $224,696 (12.9%) | 0.00 | 99 |
| 2019-01-01 | $164,950 (6.8%) | $231,661 (14.8%) | 0.00 | 103 |
| 2019-02-01 | $160,000 (7.7%) | $233,069 (17.6%) | 0.00 | 109 |
| 2019-03-01 | $157,286 (8.5%) | $235,001 (21.2%) | 0.00 | 111 |
| 2019-04-01 | $157,286 (10.4%) | $241,539 (23.7%) | 0.00 | 112 |
| 2019-05-01 | $159,000 (-6.4%) | $223,550 (0.7%) | 0.00 | 112 |
| 2019-06-01 | $157,500 (5.1%) | $226,243 (14.7%) | 0.00 | 111 |
| 2019-07-01 | $154,900 (8.9%) | $227,947 (21.6%) | 0.00 | 100 |
| 2019-08-01 | $155,100 (2.6%) | $212,151 (11.8%) | 0.00 | 101 |
| 2019-09-01 | $149,900 (1.3%) | $197,738 (1.2%) | 0.00 | 103 |
| 2019-10-01 | $149,950 (-5.8%) | $202,917 (-2.3%) | 0.00 | 95 |
| 2019-11-01 | $169,500 (5.9%) | $220,199 (-1.8%) | 0.00 | 100 |
| 2019-12-01 | $159,450 (-0.3%) | $196,687 (-12.5%) | 0.00 | 105 |
| 2020-01-01 | $162,450 (-1.5%) | $188,634 (-18.6%) | 0.00 | 101 |
| 2020-02-01 | $165,000 (3.1%) | $195,919 (-15.9%) | 0.00 | 112 |
| 2020-03-01 | $176,800 (12.4%) | $202,755 (-13.7%) | 0.00 | 109 |
| 2020-04-01 | $175,000 (11.3%) | $202,454 (-16.2%) | 0.00 | 102 |
| 2020-05-01 | $174,990 (10.1%) | $203,436 (-9.0%) | 0.00 | 95 |
| 2020-06-01 | $168,500 (7.0%) | $202,423 (-10.5%) | 0.00 | 80 |
| 2020-07-01 | $169,000 (9.1%) | $211,042 (-7.4%) | 0.00 | 68 |
| 2020-08-01 | $164,999 (6.4%) | $206,785 (-2.5%) | 0.00 | 60 |
| 2020-09-01 | $157,000 (4.7%) | $205,930 (4.1%) | 0.00 | 58 |
| 2020-10-01 | $149,000 (-0.6%) | $199,376 (-1.8%) | 0.00 | 57 |
| 2020-11-01 | $149,900 (-11.6%) | $210,744 (-4.3%) | 0.00 | 53 |
| 2020-12-01 | $152,500 (-4.4%) | $215,085 (9.4%) | 0.00 | 51 |
| 2021-01-01 | $150,000 (-7.7%) | $199,114 (5.6%) | 0.00 | 45 |
| 2021-02-01 | $179,000 (8.5%) | $217,910 (11.2%) | 0.00 | 35 |
| 2021-03-01 | $163,500 (-7.5%) | $210,184 (3.7%) | 0.00 | 32 |
| 2021-04-01 | $167,000 (-4.6%) | $212,812 (5.1%) | 0.00 | 30 |
| 2021-05-01 | $152,000 (-13.1%) | $208,666 (2.6%) | 0.00 | 29 |
| 2021-06-01 | $187,000 (11.0%) | $211,995 (4.7%) | 0.00 | 33 |
| 2021-07-01 | $179,000 (5.9%) | $209,152 (-0.9%) | 0.00 | 38 |
| 2021-08-01 | $187,250 (13.5%) | $210,272 (1.7%) | 0.00 | 47 |
| 2021-09-01 | $180,000 (14.7%) | $212,878 (3.4%) | 0.00 | 48 |
| 2021-10-01 | $170,000 (14.1%) | $206,810 (3.7%) | 0.00 | 43 |
| 2021-11-01 | $204,500 (36.4%) | $212,309 (0.7%) | 0.00 | 34 |
| 2021-12-01 | $198,000 (29.8%) | $211,731 (-1.6%) | 0.00 | 33 |
| 2022-01-01 | $180,000 (20.0%) | $208,310 (4.6%) | 0.00 | 32 |
| 2022-02-01 | $230,000 (28.5%) | $247,366 (13.5%) | 0.00 | 36 |
| 2022-03-01 | $237,450 (45.2%) | $261,351 (24.3%) | 0.00 | 41 |
| 2022-04-01 | $235,000 (40.7%) | $260,824 (22.6%) | 0.00 | 40 |
| 2022-05-01 | $259,000 (70.4%) | $281,699 (35.0%) | 0.00 | 38 |
| 2022-06-01 | $252,000 (34.8%) | $284,424 (34.2%) | 0.00 | 44 |
Brookhaven's median listing price comes in at 0% of the national average.
Brookhaven's average listing price for 2022-06-01 was $284,424, a difference of $72,429 (34.2%) versus the prior year and $2,725 versus the prior month.
For the 2022-06-01 period, Brookhaven had 44 MLS listings, a difference of 6 listings (16%) versus the prior month and 11 listings (33%) 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 | 2,095 sqft |
| 2018-04-01 | 0 days | 2,112 sqft |
| 2018-05-01 | 0 days | 2,283 sqft |
| 2018-06-01 | 0 days | 2,079 sqft |
| 2018-07-01 | 0 days | 1,933 sqft |
| 2018-08-01 | 0 days | 1,998 sqft |
| 2018-09-01 | 0 days | 1,996 sqft |
| 2018-10-01 | 0 days | 2,049 sqft |
| 2018-11-01 | 0 days | 2,000 sqft |
| 2018-12-01 | 0 days | 2,000 sqft |
| 2019-01-01 | 0 days | 2,021 sqft |
| 2019-02-01 | 0 days | 2,044 sqft |
| 2019-03-01 | 0 days | 2,007 sqft |
| 2019-04-01 | 0 days | 2,015 sqft |
| 2019-05-01 | 0 days | 1,983 sqft |
| 2019-06-01 | 0 days | 2,000 sqft |
| 2019-07-01 | 0 days | 2,000 sqft |
| 2019-08-01 | 0 days | 1,980 sqft |
| 2019-09-01 | 0 days | 1,956 sqft |
| 2019-10-01 | 0 days | 1,977 sqft |
| 2019-11-01 | 0 days | 2,095 sqft |
| 2019-12-01 | 0 days | 1,977 sqft |
| 2020-01-01 | 0 days | 1,901 sqft |
| 2020-02-01 | 0 days | 1,953 sqft |
| 2020-03-01 | 0 days | 2,045 sqft |
| 2020-04-01 | 0 days | 1,960 sqft |
| 2020-05-01 | 0 days | 2,082 sqft |
| 2020-06-01 | 0 days | 2,101 sqft |
| 2020-07-01 | 0 days | 2,101 sqft |
| 2020-08-01 | 0 days | 2,118 sqft |
| 2020-09-01 | 0 days | 2,107 sqft |
| 2020-10-01 | 0 days | 2,101 sqft |
| 2020-11-01 | 0 days | 2,027 sqft |
| 2020-12-01 | 0 days | 2,027 sqft |
| 2021-01-01 | 0 days | 1,971 sqft |
| 2021-02-01 | 0 days | 1,970 sqft |
| 2021-03-01 | 0 days | 1,841 sqft |
| 2021-04-01 | 0 days | 1,926 sqft |
| 2021-05-01 | 0 days | 1,740 sqft |
| 2021-06-01 | 0 days | 1,932 sqft |
| 2021-07-01 | 0 days | 1,976 sqft |
| 2021-08-01 | 0 days | 1,944 sqft |
| 2021-09-01 | 0 days | 1,856 sqft |
| 2021-10-01 | 0 days | 1,823 sqft |
| 2021-11-01 | 0 days | 1,945 sqft |
| 2021-12-01 | 0 days | 1,945 sqft |
| 2022-01-01 | 0 days | 2,004 sqft |
| 2022-02-01 | 0 days | 2,004 sqft |
| 2022-03-01 | 0 days | 2,189 sqft |
| 2022-04-01 | 0 days | 2,154 sqft |
| 2022-05-01 | 0 days | 2,256 sqft |
| 2022-06-01 | 0 days | 2,256 sqft |
Brookhaven's median square footage for active listings during the 2022-06-01 period was 2,256 sqft. One year prior, the average listing was 1,932 sqft.
