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 7% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.78% and one month ago for the week of 2024-03-14, the average rate was 6.94%.

    Brookhaven's average rate one year ago was 6.17%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.3%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Brookhaven 30 Year Fixed Rate 2024-04-18 7%
    Brookhaven 30 Year Fixed Rate Refi 2024-04-18 7.3%
    Brookhaven 15 Year Fixed Rate 2024-04-18 6.39%
    Brookhaven 15 Year Fixed Rate Refi 2024-04-18 6.69%
    Brookhaven 30 Year FHA 2024-04-18 6.76%
    Brookhaven 30 Year FHA Refi 2024-04-18 6.76%
    Brookhaven 30 Year USDA 2024-04-18 6.96%
    Brookhaven 30 Year USDA Refi 2024-04-18 6.76%
    Brookhaven 30 Year VA 2024-04-18 6.76%
    Brookhaven 30 Year VA Refi 2024-04-18 6.86%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 21 7.14% $6,392
    Trustmark National Bank 10 6.95% $3,606
    MORTGAGE INVESTORS GROUP, INC. 9 4.84% $4,418
    QUICKEN LOANS, LLC 8 6.45% $5,554
    FIDELITY BANK 6 6.83% $4,503
    GMFS LLC 3 7.38% $6,961
    21ST MORTGAGE CORPORATION 2 8.25% $5,581
    Mr. Cooper ( Nationstar Mortgage ) 1 7.63% $5,662
    M&T Bank 1 5.38% $3,907
    NAVY FEDERAL CREDIT UNION 1 7.88% $7,141
    NP, Inc. 1 7.87% $7,747
    PLANET HOME LENDING, LLC 1 7.38% $4,620
    Regions Bank 1 7.00% $3,850
    SOUTHWEST STAGE FUNDING, LLC 1 6.97% $11,927
    Discover Bank 1 7.74% $0
    BROKER SOLUTIONS, INC. 1 7.99% $6,833
    FREEDOM MORTGAGE CORPORATION 1 8.00% $4,107
    GUILD MORTGAGE COMPANY 1 6.13% $6,476
    LIBERTY HOME MORTGAGE CORPORATION 1 7.13% $5,836

    Brookhaven Average Closing Costs & Other Stats

    Brookhaven, MS's 19 lenders originated 411 loans during 2023. The total origination value was $54,985,000, with an average loan value of $133,783.

    Brookhaven's average closing costs are $4,718.

    The top Brookhaven lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 21 loans originated. Their average total fees are $6,392, which is $2,786 higher than the next largest lender, Trustmark National Bank.

    The lowest fee Brookhaven lenders (with over 10 loans originated) are Trustmark National Bank ($3,606), CROSSCOUNTRY MORTGAGE, LLC ($6,392), .

    The lowest rate Brookhaven lenders (with over 10 loans originated) are Trustmark National Bank (6.95%), CROSSCOUNTRY MORTGAGE, LLC (7.14%), .

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Trustmark National Bank $14,670,000 $11,600,000 -20.9% 21.1%
    CROSSCOUNTRY MORTGAGE, LLC $615,000 $9,795,000 1,492.7% 17.8%
    QUICKEN LOANS, LLC $5,905,000 $4,070,000 -31.1% 7.4%
    21ST MORTGAGE CORPORATION $2,865,000 $3,230,000 12.7% 5.9%
    First Bank $2,005,000 $2,770,000 38.2% 5.0%
    BankPlus $8,300,000 $2,455,000 -70.4% 4.5%
    MORTGAGE INVESTORS GROUP, INC. $3,920,000 $2,025,000 -48.3% 3.7%
    FIDELITY BANK $1,220,000 $1,760,000 44.3% 3.2%
    Regions Bank $1,915,000 $1,725,000 -9.9% 3.1%
    Mortgage Research Center, LLC $1,705,000 $1,660,000 -2.6% 3.0%
    GMFS LLC $1,305,000 $1,120,000 -14.2% 2.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $750,000 $1,015,000 35.3% 1.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $730,000 $890,000 21.9% 1.6%
    SOUTHWEST STAGE FUNDING, LLC $285,000 $630,000 121.1% 1.1%
    COUNTRYPLACE MORTGAGE, LTD. $600,000 n/a 1.1%
    BROKER SOLUTIONS, INC. $405,000 $540,000 33.3% 1.0%
    United Community Bank $1,005,000 $520,000 -48.3% 0.9%
    LOANDEPOT.COM, LLC $680,000 $510,000 -25.0% 0.9%
    BankFirst Financial Services $490,000 n/a 0.9%
    CIS Financial Services, Inc. $105,000 $490,000 366.7% 0.9%
    M&T Bank $475,000 n/a 0.9%
    Concordia Bank and Trust Company $35,000 $460,000 1,214.3% 0.8%
    TRIAD FINANCIAL SERVICES, INC. $975,000 $425,000 -56.4% 0.8%
    OPEN MORTGAGE, LLC $95,000 $370,000 289.5% 0.7%
    Renasant Bank $1,585,000 $355,000 -77.6% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $280,000 $310,000 10.7% 0.6%
    Equity Prime Mortgage LLC $55,000 $290,000 427.3% 0.5%
    NAVY FEDERAL CREDIT UNION $205,000 $285,000 39.0% 0.5%
    CREDIT HUMAN FEDERAL CREDIT UNION $100,000 $280,000 180.0% 0.5%
    GUILD MORTGAGE COMPANY $275,000 n/a 0.5%
    UNITED WHOLESALE MORTGAGE, LLC $730,000 $250,000 -65.8% 0.5%
    ZILLOW HOME LOANS, LLC $245,000 n/a 0.4%
    STOCKTON MORTGAGE CORPORATION $235,000 n/a 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $230,000 n/a 0.4%
    COLEMAN COUNTY STATE BANK $225,000 n/a 0.4%
    PLANET HOME LENDING, LLC $250,000 $195,000 -22.0% 0.4%
    The First, A National Banking Association $195,000 n/a 0.4%
    CORNERSTONE HOME LENDING, INC. $185,000 n/a 0.3%
    Plains Commerce Bank $175,000 n/a 0.3%
    BAYSHORE MORTGAGE FUNDING, LLC $145,000 n/a 0.3%
    NP, Inc. $145,000 n/a 0.3%
    LIBERTY HOME MORTGAGE CORPORATION $125,000 n/a 0.2%
    NEWREZ LLC $125,000 $120,000 -4.0% 0.2%
    Merchants Bank of Indiana $95,000 n/a 0.2%
    CSL Financial, LLC $380,000 $85,000 -77.6% 0.2%
    Discover Bank $85,000 n/a 0.2%
    BancorpSouth $285,000 $80,000 -71.9% 0.1%
    FirstBank $490,000 $75,000 -84.7% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $75,000 n/a 0.1%
    Citizens Bank $80,000 $55,000 -31.3% 0.1%
    FREEDOM MORTGAGE CORPORATION $465,000 $55,000 -88.2% 0.1%
    Operating Engineers Local Union #3 $55,000 n/a 0.1%
    Peoples Bank $55,000 n/a 0.1%
    SUPERIOR CHOICE $55,000 n/a 0.1%
    Figure Lending LLC $50,000 n/a 0.1%

    Brookhaven's top lender by overall market share is Trustmark National Bank, with 21.1% market share. In second place, with 17.8%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $9,795,000 in loans. In third place, with 7.4%, is QUICKEN LOANS, LLC, having originated $4,070,000 in loans. In fourth place, with 5.9%, is 21ST MORTGAGE CORPORATION, having originated $3,230,000 in loans. In fifth place, with 5.0%, is First Bank, having originated $2,770,000 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
    2024-01-01 $194,225 (-16.9%) $266,334 (-7.9%) 0.00 50
    2024-02-01 $199,225 (-20.4%) $275,104 (-6.3%) 0.00 45
    2024-03-01 $199,000 (-5.8%) $282,761 (4.9%) 0.00 47
    Brookhaven's median listing price for 2024-03-01 was $199,000, a difference of $-12,225 (-5.8%) versus the prior year and $-225 versus the prior month.

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

    Brookhaven's average listing price for 2024-03-01 was $282,761, a difference of $13,144 (4.9%) versus the prior year and $7,657 versus the prior month.

    For the 2024-03-01 period, Brookhaven had 47 MLS listings, a difference of 2 listings (4%) versus the prior month and -10 listings (-18%) 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
    2024-01-01 0 days 2,000 sqft
    2024-02-01 0 days 2,031 sqft
    2024-03-01 0 days 2,107 sqft
    Brookhaven's median listing age (time on market) for 2024-03-01 was 0 days.

    Brookhaven's median square footage for active listings during the 2024-03-01 period was 2,107 sqft. One year prior, the average listing was 2,207 sqft.

    Brookhaven, MS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 228 $36,080,000 $158,246
    Refi 101 $11,235,000 $111,238
    Other 43 $3,065,000 $71,279
    Cash Out Refi 24 $3,480,000 $145,000
    Home Improvement 15 $1,125,000 $75,000

    Brookhaven's most frequently cited loan purpose was Home Purchase, with 228 originations. The 2nd most popular reason was Refi, with 101 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    Over 8% 129 $11,635,000 $90,194
    7-8% 111 $16,935,000 $152,568
    6-7% 93 $15,275,000 $164,247
    5-6% 27 $4,875,000 $180,556
    <2.5% 14 $1,860,000 $132,857
    2.5-3% 6 $530,000 $88,333
    4-5% 1 $365,000 $365,000

    During 2023, Brookhaven's most frequently originated rate bucket was Over 8%, with 129 originations.

    Loan Sizing (Brookhaven, MS MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 179 $10,595,000 $59,190
    $100k-200k 150 $21,730,000 $144,867
    $200k-400k 77 $20,155,000 $261,753
    $400k-600k 4 $1,890,000 $472,500
    $600k-1000k 1 $615,000 $615,000

    Brookhaven's loan sizing saw the bucket of loans from $100,000 or less with 179 originations, totaling $10,595,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 177 $30,405,000 $171,780
    60-80% 72 $11,270,000 $156,528
    20-40% 52 $3,720,000 $71,538
    Under 20% 40 $1,300,000 $32,500
    40-60% 32 $3,740,000 $116,875
    Over 100% 7 $955,000 $136,429

    Brookhaven's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 177 originations, totaling $30,405,000 in origination value.