Brookings Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Brookings averaged
6.59%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.49% and
one month ago for the week of 2024-09-05, the
average rate was 6.72%.
Brookings's average rate one year ago was 7.76%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.22%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Brookings 30 Year Fixed Rate | 2024-10-10 | 6.59% |
Brookings 30 Year Fixed Rate Refi | 2024-10-10 | 6.22% |
Brookings 15 Year Fixed Rate | 2024-10-10 | 5.61% |
Brookings 15 Year Fixed Rate Refi | 2024-10-10 | 5.81% |
Brookings 30 Year FHA | 2024-10-10 | 5.9% |
Brookings 30 Year FHA Refi | 2024-10-10 | 6.2% |
Brookings 30 Year USDA | 2024-10-10 | 5.98% |
Brookings 30 Year USDA Refi | 2024-10-10 | 6.18% |
Brookings 30 Year VA | 2024-10-10 | 5.95% |
Brookings 30 Year VA Refi | 2024-10-10 | 5.65% |
Brookings 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 Brookings, OR 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.).
Brookings Average Closing Costs & Other Stats
Brookings, OR's 47 lenders originated 362
loans during 2023. The total origination value was $105,550,000, with an average loan value of
$291,575.
Brookings's average closing costs are $5,819.
The top Brookings lender as defined by loan originations is ROGUE, with
27 loans originated. Their average total fees are
$4,826, which is $3,868
lower than the next largest lender,
U.S. Bank.
The lowest fee Brookings lenders (with over 10 loans originated) are
ROGUE ($4,826), U.S. Bank ($8,694), CANOPY MORTGAGE, LLC ($8,780), QUICKEN LOANS, LLC ($10,114) and .
The lowest rate Brookings lenders (with over 10 loans originated) are
U.S. Bank (6.61%), QUICKEN LOANS, LLC (6.65%), CANOPY MORTGAGE, LLC (7.21%), ROGUE (7.31%) and .
Brookings, OR 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 |
---|---|---|---|---|
ROGUE | $19,115,000 | $13,105,000 | -31.4% | 12.4% |
WALKER & DUNLOP, LLC | $9,205,000 | n/a | 8.7% | |
U.S. Bank | $4,160,000 | $6,655,000 | 60.0% | 6.3% |
Umpqua Bank | $25,425,000 | $6,645,000 | -73.9% | 6.3% |
NEWREZ LLC | $5,945,000 | n/a | 5.6% | |
CANOPY MORTGAGE, LLC | $7,435,000 | $4,825,000 | -35.1% | 4.6% |
Raymond James Bank | $4,220,000 | n/a | 4.0% | |
QUICKEN LOANS, LLC | $11,025,000 | $4,180,000 | -62.1% | 4.0% |
UNITED WHOLESALE MORTGAGE, LLC | $5,025,000 | $3,745,000 | -25.5% | 3.5% |
GUILD MORTGAGE COMPANY | $2,750,000 | $3,195,000 | 16.2% | 3.0% |
CMG MORTGAGE, INC. | $1,250,000 | $2,125,000 | 70.0% | 2.0% |
Nations Lending Corporation | $575,000 | $1,680,000 | 192.2% | 1.6% |
Evergreen Federal Bank | $1,980,000 | $1,555,000 | -21.5% | 1.5% |
Morgan Stanley Private Bank | $555,000 | $1,515,000 | 173.0% | 1.4% |
JPMorgan Chase Bank | $2,730,000 | $1,355,000 | -50.4% | 1.3% |
EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $1,460,000 | $1,325,000 | -9.2% | 1.3% |
LOANDEPOT.COM, LLC | $1,720,000 | $1,290,000 | -25.0% | 1.2% |
HomeStreet Bank | $1,060,000 | $1,250,000 | 17.9% | 1.2% |
MOVEMENT MORTGAGE, LLC | $325,000 | $1,215,000 | 273.8% | 1.2% |
Banner Bank | $2,100,000 | $1,160,000 | -44.8% | 1.1% |
People's Bank of Commerce | $1,145,000 | n/a | 1.1% | |
PENNYMAC LOAN SERVICES, LLC | $265,000 | $1,105,000 | 317.0% | 1.0% |
Mortgage Research Center, LLC | $3,575,000 | $1,085,000 | -69.7% | 1.0% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $650,000 | $955,000 | 46.9% | 0.9% |
FINANCE OF AMERICA REVERSE LLC | $1,335,000 | $955,000 | -28.5% | 0.9% |
CREDIT HUMAN FEDERAL CREDIT UNION | $165,000 | $920,000 | 457.6% | 0.9% |
Wells Fargo Bank | $2,150,000 | $875,000 | -59.3% | 0.8% |
GUARANTEED RATE, INC. | $255,000 | $770,000 | 202.0% | 0.7% |
Carrington Mortgage Services, LLC | $690,000 | n/a | 0.7% | |
BROKER SOLUTIONS, INC. | $2,125,000 | $680,000 | -68.0% | 0.6% |
Citibank | $235,000 | $665,000 | 183.0% | 0.6% |
AMERISAVE MORTGAGE CORPORATION | $450,000 | $650,000 | 44.4% | 0.6% |
DIRECTORS MORTGAGE, INC. | $405,000 | $610,000 | 50.6% | 0.6% |
LONGBRIDGE FINANCIAL, LLC | $530,000 | $610,000 | 15.1% | 0.6% |
ADVANCIAL | $605,000 | n/a | 0.6% | |
BANC ONE MORTGAGE CORPORATION | $595,000 | n/a | 0.6% | |
Mr. Cooper ( Nationstar Mortgage ) | $1,780,000 | $580,000 | -67.4% | 0.5% |
21ST MORTGAGE CORPORATION | $555,000 | $570,000 | 2.7% | 0.5% |
MORTGAGE EXPRESS, LLC | $520,000 | n/a | 0.5% | |
Bethpage Federal Credit Union | $505,000 | n/a | 0.5% | |
State Department Federal Credit Union | $485,000 | n/a | 0.5% | |
CALCON MUTUAL MORTGAGE LLC | $465,000 | n/a | 0.4% | |
AMERICAN FINANCIAL RESOURCES, INC. | $450,000 | n/a | 0.4% | |
PNC Bank | $445,000 | n/a | 0.4% | |
PREMIER MORTGAGE RESOURCES, L.L.C. | $435,000 | n/a | 0.4% | |
V.I.P. MORTGAGE, INC. | $235,000 | $415,000 | 76.6% | 0.4% |
LAND HOME FINANCIAL SERVICES, INC. | $620,000 | $405,000 | -34.7% | 0.4% |
The Federal Savings Bank | $405,000 | n/a | 0.4% | |
ZILLOW HOME LOANS, LLC | $395,000 | $405,000 | 2.5% | 0.4% |
Bank of England | $385,000 | n/a | 0.4% | |
FREEDOM MORTGAGE CORPORATION | $1,935,000 | $385,000 | -80.1% | 0.4% |
NEW DAY FINANCIAL, LLC | $195,000 | $375,000 | 92.3% | 0.4% |
ALL REVERSE MORTGAGE, INC. | $365,000 | n/a | 0.3% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $505,000 | $365,000 | -27.7% | 0.3% |
Equity Prime Mortgage LLC | $365,000 | n/a | 0.3% | |
Gallic & Johnson, LLC | $155,000 | $355,000 | 129.0% | 0.3% |
Stockmens Bank | $355,000 | n/a | 0.3% | |
The Huntington National Bank | $355,000 | n/a | 0.3% | |
CALIBER HOME LOANS, INC. | $9,225,000 | $345,000 | -96.3% | 0.3% |
ALLIANT CREDIT UNION | $340,000 | n/a | 0.3% | |
TWINSTAR | $330,000 | n/a | 0.3% | |
ACADEMY MORTGAGE CORPORATION | $850,000 | $325,000 | -61.8% | 0.3% |
MASON MCDUFFIE MORTGAGE CORPORATION | $295,000 | $325,000 | 10.2% | 0.3% |
Tri Counties Bank | $345,000 | $325,000 | -5.8% | 0.3% |
Axos Bank | $315,000 | n/a | 0.3% | |
The Loan Store, Inc. | $315,000 | n/a | 0.3% | |
Bank of America | $305,000 | n/a | 0.3% | |
SUMMIT FUNDING, INC. | $2,005,000 | $295,000 | -85.3% | 0.3% |
FIRST COMMUNITY | $1,050,000 | $285,000 | -72.9% | 0.3% |
Commerce Home Mortgage, Inc. | $940,000 | $275,000 | -70.7% | 0.3% |
COAST 2 COAST FUNDING GROUP, INC. | $265,000 | n/a | 0.3% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $605,000 | $255,000 | -57.9% | 0.2% |
LADERA LENDING, INC. | $405,000 | $245,000 | -39.5% | 0.2% |
CROSSCOUNTRY MORTGAGE, LLC | $225,000 | $215,000 | -4.4% | 0.2% |
USAA Federal Savings Bank | $1,360,000 | $195,000 | -85.7% | 0.2% |
American Airlines Federal Credit Union | $175,000 | n/a | 0.2% | |
NP, Inc. | $175,000 | n/a | 0.2% | |
MORTGAGEONE, INC. | $165,000 | n/a | 0.2% | |
Coastal Community Bank | $135,000 | n/a | 0.1% | |
TRIAD FINANCIAL SERVICES, INC. | $620,000 | $135,000 | -78.2% | 0.1% |
NAVY FEDERAL CREDIT UNION | $1,170,000 | $130,000 | -88.9% | 0.1% |
Figure Lending LLC | $125,000 | n/a | 0.1% | |
MARION AND POLK SCHOOLS CREDIT UNION | $105,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $335,000 | $75,000 | -77.6% | 0.1% |
TOWER | $75,000 | n/a | 0.1% | |
IDAHO CENTRAL | $55,000 | n/a | 0.1% | |
Discover Bank | $35,000 | n/a | 0.0% |
Brookings's top lender by overall market share is ROGUE, with 12.4% market share. In second place, with 8.7%, is WALKER & DUNLOP, LLC, having originated $9,205,000 in loans. In third place, with 6.3%, is U.S. Bank, having originated $6,655,000 in loans. In fourth place, with 6.3%, is Umpqua Bank, having originated $6,645,000 in loans. In fifth place, with 5.6%, is NEWREZ LLC, having originated $5,945,000 in loans.
Brookings Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Brookings (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 | $394,175 (-2.2%) | $630,947 (4.5%) | 0.00 | 240 |
2018-02-01 | $397,000 (-7.9%) | $635,962 (3.4%) | 0.00 | 234 |
2018-03-01 | $399,900 (-5.9%) | $646,287 (4.4%) | 0.00 | 245 |
2018-04-01 | $413,000 (-7.3%) | $659,928 (6.4%) | 0.00 | 243 |
2018-05-01 | $426,000 (-2.6%) | $691,836 (11.1%) | 0.00 | 247 |
2018-06-01 | $434,500 (8.7%) | $666,122 (10.5%) | 0.00 | 262 |
2018-07-01 | $447,000 (12.0%) | $662,422 (9.2%) | 0.00 | 282 |
2018-08-01 | $447,175 (7.2%) | $657,509 (5.2%) | 0.00 | 279 |
2018-09-01 | $454,500 (13.6%) | $684,817 (10.9%) | 0.00 | 257 |
2018-10-01 | $485,000 (18.4%) | $693,655 (12.7%) | 0.00 | 248 |
2018-11-01 | $477,975 (16.7%) | $671,180 (10.6%) | 0.00 | 227 |
2018-12-01 | $484,500 (21.4%) | $666,904 (5.0%) | 0.00 | 213 |
2019-01-01 | $478,000 (21.3%) | $654,424 (3.7%) | 0.00 | 207 |
2019-02-01 | $446,750 (12.5%) | $640,521 (0.7%) | 0.00 | 209 |
2019-03-01 | $446,814 (11.7%) | $634,397 (-1.8%) | 0.00 | 227 |
2019-04-01 | $448,064 (8.5%) | $651,070 (-1.3%) | 0.00 | 230 |
2019-05-01 | $429,000 (0.7%) | $625,349 (-9.6%) | 0.00 | 247 |
2019-06-01 | $430,000 (-1.0%) | $615,741 (-7.6%) | 0.00 | 270 |
2019-07-01 | $433,500 (-3.0%) | $624,104 (-5.8%) | 0.00 | 251 |
2019-08-01 | $429,909 (-3.9%) | $626,004 (-4.8%) | 0.00 | 241 |
2019-09-01 | $437,273 (-3.8%) | $627,822 (-8.3%) | 0.00 | 230 |
2019-10-01 | $446,500 (-7.9%) | $629,034 (-9.3%) | 0.00 | 217 |
2019-11-01 | $450,000 (-5.9%) | $633,894 (-5.6%) | 0.00 | 189 |
2019-12-01 | $454,250 (-6.2%) | $639,884 (-4.1%) | 0.00 | 165 |
2020-01-01 | $453,250 (-5.2%) | $637,477 (-2.6%) | 0.00 | 153 |
2020-02-01 | $450,000 (0.7%) | $651,586 (1.7%) | 0.00 | 144 |
2020-03-01 | $460,450 (3.1%) | $598,505 (-5.7%) | 0.00 | 140 |
2020-04-01 | $453,800 (1.3%) | $635,046 (-2.5%) | 0.00 | 147 |
2020-05-01 | $449,250 (4.7%) | $644,887 (3.1%) | 0.00 | 149 |
2020-06-01 | $448,000 (4.2%) | $597,634 (-2.9%) | 0.00 | 151 |
2020-07-01 | $444,000 (2.4%) | $606,631 (-2.8%) | 0.00 | 143 |
2020-08-01 | $449,450 (4.6%) | $639,364 (2.1%) | 0.00 | 118 |
2020-09-01 | $449,500 (2.8%) | $635,243 (1.2%) | 0.00 | 95 |
2020-10-01 | $420,000 (-5.9%) | $598,117 (-4.9%) | 0.00 | 94 |
2020-11-01 | $435,000 (-3.3%) | $643,956 (1.6%) | 0.00 | 87 |
2020-12-01 | $460,000 (1.3%) | $671,875 (5.0%) | 0.00 | 81 |
2021-01-01 | $447,500 (-1.3%) | $710,811 (11.5%) | 0.00 | 68 |
2021-02-01 | $434,800 (-3.4%) | $608,668 (-6.6%) | 0.00 | 58 |
2021-03-01 | $451,750 (-1.9%) | $838,685 (40.1%) | 0.00 | 54 |
2021-04-01 | $553,725 (22.0%) | $1,026,183 (61.6%) | 0.00 | 59 |
2021-05-01 | $550,000 (22.4%) | $929,291 (44.1%) | 0.00 | 77 |
2021-06-01 | $537,450 (20.0%) | $923,038 (54.5%) | 0.00 | 82 |
2021-07-01 | $542,950 (22.3%) | $851,526 (40.4%) | 0.00 | 88 |
2021-08-01 | $579,000 (28.8%) | $898,508 (40.5%) | 0.00 | 82 |
2021-09-01 | $591,750 (31.7%) | $933,123 (46.9%) | 0.00 | 72 |
2021-10-01 | $594,500 (41.6%) | $927,328 (55.0%) | 0.00 | 70 |
2021-11-01 | $584,000 (34.3%) | $966,436 (50.1%) | 0.00 | 65 |
2021-12-01 | $582,700 (26.7%) | $990,805 (47.5%) | 0.00 | 55 |
2022-01-01 | $585,000 (30.7%) | $1,031,827 (45.2%) | 0.00 | 43 |
2022-02-01 | $579,000 (33.2%) | $1,066,445 (75.2%) | 0.00 | 42 |
2022-03-01 | $622,000 (37.7%) | $944,648 (12.6%) | 0.00 | 43 |
2022-04-01 | $584,500 (5.6%) | $967,237 (-5.7%) | 0.00 | 46 |
2022-05-01 | $560,750 (2.0%) | $1,058,007 (13.9%) | 0.00 | 52 |
2022-06-01 | $604,250 (12.4%) | $965,040 (4.6%) | 0.00 | 75 |
2022-07-01 | $649,000 (19.5%) | $1,008,452 (18.4%) | 0.00 | 92 |
2022-08-01 | $615,000 (6.2%) | $899,530 (0.1%) | 0.00 | 112 |
2022-09-01 | $588,975 (-0.5%) | $909,741 (-2.5%) | 0.00 | 106 |
2022-10-01 | $577,000 (-2.9%) | $964,074 (4.0%) | 0.00 | 98 |
2022-11-01 | $629,500 (7.8%) | $1,048,984 (8.5%) | 0.00 | 99 |
2022-12-01 | $637,250 (9.4%) | $1,076,113 (8.6%) | 0.00 | 86 |
2023-01-01 | $637,000 (8.9%) | $1,088,333 (5.5%) | 0.00 | 87 |
2023-02-01 | $643,000 (11.1%) | $1,086,356 (1.9%) | 0.00 | 82 |
2023-03-01 | $598,750 (-3.7%) | $1,062,781 (12.5%) | 0.00 | 85 |
2023-04-01 | $599,000 (2.5%) | $930,473 (-3.8%) | 0.00 | 92 |
2023-05-01 | $590,450 (5.3%) | $824,785 (-22.0%) | 0.00 | 108 |
2023-06-01 | $649,250 (7.5%) | $879,381 (-8.9%) | 0.00 | 129 |
2023-07-01 | $649,950 (0.2%) | $862,055 (-14.5%) | 0.00 | 137 |
2023-08-01 | $649,600 (5.6%) | $861,742 (-4.2%) | 0.00 | 144 |
2023-09-01 | $649,250 (10.2%) | $853,088 (-6.2%) | 0.00 | 144 |
2023-10-01 | $596,000 (3.3%) | $819,667 (-15.0%) | 0.00 | 148 |
2023-11-01 | $572,000 (-9.1%) | $814,785 (-22.3%) | 0.00 | 146 |
2023-12-01 | $575,000 (-9.8%) | $826,149 (-23.2%) | 0.00 | 130 |
2024-01-01 | $600,750 (-5.7%) | $839,478 (-22.9%) | 0.00 | 118 |
2024-02-01 | $642,125 (-0.1%) | $976,538 (-10.1%) | 0.00 | 113 |
2024-03-01 | $649,950 (8.6%) | $981,137 (-7.7%) | 0.00 | 121 |
2024-04-01 | $649,850 (8.5%) | $880,356 (-5.4%) | 0.00 | 149 |
2024-05-01 | $639,750 (8.4%) | $914,190 (10.8%) | 0.00 | 165 |
2024-06-01 | $631,750 (-2.7%) | $891,172 (1.3%) | 0.00 | 172 |
2024-07-01 | $631,000 (-2.9%) | $898,810 (4.3%) | 0.00 | 175 |
2024-08-01 | $634,500 (-2.3%) | $918,492 (6.6%) | 0.00 | 172 |
2024-09-01 | $621,000 (-4.4%) | $926,162 (8.6%) | 0.00 | 156 |
Brookings's median listing price comes in at 0% of the national average.
Brookings's average listing price for 2024-09-01 was $926,162, a difference of $73,074 (8.6%) versus the prior year and $7,670 versus the prior month.
For the 2024-09-01 period, Brookings had 156 MLS listings, a difference of -16 listings (-9%) versus the prior month and 12 listings (8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Brookings (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,947 sqft |
2018-02-01 | 0 days | 1,958 sqft |
2018-03-01 | 0 days | 1,991 sqft |
2018-04-01 | 0 days | 1,981 sqft |
2018-05-01 | 0 days | 2,034 sqft |
2018-06-01 | 0 days | 2,046 sqft |
2018-07-01 | 0 days | 2,071 sqft |
2018-08-01 | 0 days | 2,029 sqft |
2018-09-01 | 0 days | 1,960 sqft |
2018-10-01 | 0 days | 1,997 sqft |
2018-11-01 | 0 days | 2,015 sqft |
2018-12-01 | 0 days | 2,015 sqft |
2019-01-01 | 0 days | 2,019 sqft |
2019-02-01 | 0 days | 2,024 sqft |
2019-03-01 | 0 days | 2,010 sqft |
2019-04-01 | 0 days | 1,976 sqft |
2019-05-01 | 0 days | 1,936 sqft |
2019-06-01 | 0 days | 1,959 sqft |
2019-07-01 | 0 days | 1,965 sqft |
2019-08-01 | 0 days | 1,969 sqft |
2019-09-01 | 0 days | 1,973 sqft |
2019-10-01 | 0 days | 1,976 sqft |
2019-11-01 | 0 days | 1,984 sqft |
2019-12-01 | 0 days | 2,008 sqft |
2020-01-01 | 0 days | 2,023 sqft |
2020-02-01 | 0 days | 2,022 sqft |
2020-03-01 | 0 days | 2,049 sqft |
2020-04-01 | 0 days | 1,992 sqft |
2020-05-01 | 0 days | 1,945 sqft |
2020-06-01 | 0 days | 1,945 sqft |
2020-07-01 | 0 days | 1,945 sqft |
2020-08-01 | 0 days | 1,950 sqft |
2020-09-01 | 0 days | 1,933 sqft |
2020-10-01 | 0 days | 1,850 sqft |
2020-11-01 | 0 days | 1,919 sqft |
2020-12-01 | 0 days | 1,885 sqft |
2021-01-01 | 0 days | 1,916 sqft |
2021-02-01 | 0 days | 1,745 sqft |
2021-03-01 | 0 days | 1,945 sqft |
2021-04-01 | 0 days | 1,983 sqft |
2021-05-01 | 0 days | 1,850 sqft |
2021-06-01 | 0 days | 1,743 sqft |
2021-07-01 | 0 days | 1,707 sqft |
2021-08-01 | 0 days | 1,743 sqft |
2021-09-01 | 0 days | 1,807 sqft |
2021-10-01 | 0 days | 1,908 sqft |
2021-11-01 | 0 days | 1,823 sqft |
2021-12-01 | 0 days | 1,787 sqft |
2022-01-01 | 0 days | 1,709 sqft |
2022-02-01 | 0 days | 1,687 sqft |
2022-03-01 | 0 days | 1,750 sqft |
2022-04-01 | 0 days | 1,694 sqft |
2022-05-01 | 0 days | 1,637 sqft |
2022-06-01 | 0 days | 1,661 sqft |
2022-07-01 | 0 days | 1,805 sqft |
2022-08-01 | 0 days | 1,786 sqft |
2022-09-01 | 0 days | 1,832 sqft |
2022-10-01 | 0 days | 1,818 sqft |
2022-11-01 | 0 days | 1,924 sqft |
2022-12-01 | 0 days | 1,932 sqft |
2023-01-01 | 0 days | 1,913 sqft |
2023-02-01 | 0 days | 1,895 sqft |
2023-03-01 | 0 days | 1,812 sqft |
2023-04-01 | 0 days | 1,778 sqft |
2023-05-01 | 0 days | 1,779 sqft |
2023-06-01 | 0 days | 1,815 sqft |
2023-07-01 | 0 days | 1,838 sqft |
2023-08-01 | 0 days | 1,915 sqft |
2023-09-01 | 0 days | 1,789 sqft |
2023-10-01 | 0 days | 1,773 sqft |
2023-11-01 | 0 days | 1,714 sqft |
2023-12-01 | 0 days | 1,739 sqft |
2024-01-01 | 0 days | 1,808 sqft |
2024-02-01 | 0 days | 1,798 sqft |
2024-03-01 | 0 days | 1,852 sqft |
2024-04-01 | 0 days | 1,826 sqft |
2024-05-01 | 0 days | 1,815 sqft |
2024-06-01 | 0 days | 1,824 sqft |
2024-07-01 | 0 days | 1,800 sqft |
2024-08-01 | 0 days | 1,826 sqft |
2024-09-01 | 0 days | 1,814 sqft |
Brookings's median square footage for active listings during the 2024-09-01 period was 1,814 sqft. One year prior, the average listing was 1,789 sqft.
Brookings, OR Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 190 | $78,310,000 | $412,158 |
Home Improvement | 50 | $5,180,000 | $103,600 |
Cash Out Refi | 48 | $12,150,000 | $253,125 |
Other | 47 | $5,735,000 | $122,021 |
Refi | 27 | $4,175,000 | $154,630 |
Brookings's most frequently cited loan purpose was Home Purchase, with 190 originations. The 2nd most popular reason was Home Improvement, with 50 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
7-8% | 110 | $29,460,000 | $267,818 |
Over 8% | 104 | $14,650,000 | $140,865 |
6-7% | 101 | $41,235,000 | $408,267 |
5-6% | 36 | $12,230,000 | $339,722 |
4-5% | 3 | $4,705,000 | $1,568,333 |
3-4% | 1 | $215,000 | $215,000 |
During 2023, Brookings's most frequently originated rate bucket was 7-8%, with 110 originations.
Loan Sizing (Brookings, OR MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 138 | $41,370,000 | $299,783 |
$100,000 or less | 79 | $4,615,000 | $58,418 |
$100k-200k | 77 | $10,905,000 | $141,623 |
$400k-600k | 51 | $24,155,000 | $473,627 |
$600k-1000k | 12 | $8,670,000 | $722,500 |
$Over $1MM | 5 | $15,835,000 | $3,167,000 |
Brookings's loan sizing saw the bucket of loans from $200k-400k with 138 originations, totaling $41,370,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 89 | $33,965,000 | $381,629 |
Under 20% | 82 | $5,480,000 | $66,829 |
60-80% | 79 | $28,815,000 | $364,747 |
20-40% | 58 | $10,500,000 | $181,034 |
40-60% | 45 | $22,575,000 | $501,667 |
Over 100% | 2 | $1,160,000 | $580,000 |
Brookings's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 89 originations, totaling $33,965,000 in origination value.