Brookhaven Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Brookhaven averaged 6.71% for the week of 2024-02-22, compared to the national average of 6.9% for the same period.

The average rate for the prior week (2024-02-15) was 6.58% and one month ago for the week of 2024-01-18, the average rate was 6.71%.

Brookhaven's average rate one year ago was 6.46%.

For refis of the same type during the week of 2024-02-22, the average rate was 7%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-22 6.9%
Brookhaven 30 Year Fixed Rate 2024-02-22 6.71%
Brookhaven 30 Year Fixed Rate Refi 2024-02-22 7%
Brookhaven 15 Year Fixed Rate 2024-02-22 6.09%
Brookhaven 15 Year Fixed Rate Refi 2024-02-22 6.79%
Brookhaven 30 Year FHA 2024-02-22 0.1%
Brookhaven 30 Year FHA Refi 2024-02-22 0.1%
Brookhaven 30 Year USDA 2024-02-22 0%
Brookhaven 30 Year USDA Refi 2024-02-22 0.2%
Brookhaven 30 Year VA 2024-02-22 0.2%
Brookhaven 30 Year VA Refi 2024-02-22 0.1%
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 1 4.25% $3,995
CARDINAL FINANCIAL 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%) $217,713 (14.5%) 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 (-5.8%) 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
2023-03-01 $211,225 (-2.7%) $269,617 (10.2%) 0.00 57
2023-04-01 $188,000 (-15.3%) $242,530 (-2.2%) 0.00 56
2023-05-01 $188,625 (-26.1%) $276,804 (0.8%) 0.00 45
2023-06-01 $196,575 (-20.1%) $279,252 (0.7%) 0.00 43
2023-07-01 $199,000 (-15.3%) $271,736 (4.3%) 0.00 48
2023-08-01 $196,200 (-20.3%) $272,138 (-4.0%) 0.00 41
2023-09-01 $196,250 (-18.2%) $274,752 (1.7%) 0.00 39
2023-10-01 $198,625 (-17.2%) $275,250 (-0.1%) 0.00 44
2023-11-01 $199,000 (-10.5%) $293,626 (11.0%) 0.00 46
2023-12-01 $199,000 (-13.5%) $288,923 (5.9%) 0.00 54
Brookhaven's median listing price for 2023-12-01 was $199,000, a difference of $-31,000 (-13.5%) versus the prior year and $0 versus the prior month.

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

Brookhaven's average listing price for 2023-12-01 was $288,923, a difference of $16,156 (5.9%) versus the prior year and $-4,703 versus the prior month.

For the 2023-12-01 period, Brookhaven had 54 MLS listings, a difference of 8 listings (17%) versus the prior month and 3 listings (6%) 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
2023-03-01 0 days 2,207 sqft
2023-04-01 0 days 1,920 sqft
2023-05-01 0 days 1,950 sqft
2023-06-01 0 days 1,946 sqft
2023-07-01 0 days 1,950 sqft
2023-08-01 0 days 1,921 sqft
2023-09-01 0 days 1,962 sqft
2023-10-01 0 days 1,893 sqft
2023-11-01 0 days 2,000 sqft
2023-12-01 0 days 2,000 sqft
Brookhaven's median listing age (time on market) for 2023-12-01 was 0 days.

Brookhaven's median square footage for active listings during the 2023-12-01 period was 2,000 sqft. One year prior, the average listing was 2,024 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.