Brookhaven Mortgage Rates & Closing Costs
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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.