Brookings Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Brookings averaged 6.92% for the week of 2024-06-13, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-06) was 6.96% and one month ago for the week of 2024-05-09, the average rate was 7.16%.

Brookings's average rate one year ago was 6.68%.

For refis of the same type during the week of 2024-06-13, the average rate was 7.05%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-13 6.95%
Brookings 30 Year Fixed Rate 2024-06-13 6.92%
Brookings 30 Year Fixed Rate Refi 2024-06-13 7.05%
Brookings 15 Year Fixed Rate 2024-06-13 6.37%
Brookings 15 Year Fixed Rate Refi 2024-06-13 6.27%
Brookings 30 Year FHA 2024-06-13 6.51%
Brookings 30 Year FHA Refi 2024-06-13 6.61%
Brookings 30 Year USDA 2024-06-13 6.51%
Brookings 30 Year USDA Refi 2024-06-13 6.61%
Brookings 30 Year VA 2024-06-13 6.42%
Brookings 30 Year VA Refi 2024-06-13 6.52%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Brookings, OR.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
ROGUE 27 7.31% $4,826
U.S. Bank 12 6.61% $8,694
CANOPY MORTGAGE, LLC 11 7.21% $8,780
QUICKEN LOANS, LLC 10 6.65% $10,114
NEWREZ LLC 9 7.21% $6,405
UNITED WHOLESALE MORTGAGE, LLC 7 6.76% $7,385
GUILD MORTGAGE COMPANY 7 6.96% $7,876
JPMorgan Chase Bank 3 6.63% $13,276
Morgan Stanley Private Bank 3 6.18% $4,522
AMERISAVE MORTGAGE CORPORATION 3 6.91% $7,031
Umpqua Bank 3 7.04% $6,069
LOANDEPOT.COM, LLC 2 7.25% $9,382
MORTGAGE EXPRESS, LLC 2 6.94% $6,338
MOVEMENT MORTGAGE, LLC 2 7.31% $9,903
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 6.37% $12,474
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.68% $11,321
Nations Lending Corporation 2 7.18% $4,690
Raymond James Bank 2 4.63% $11,412
Banner Bank 2 7.88% $6,600
BROKER SOLUTIONS, INC. 2 5.94% $11,154
Wells Fargo Bank 2 5.94% $7,795
DIRECTORS MORTGAGE, INC. 2 7.03% $9,349
The Huntington National Bank 1 6.38% $3,964
The Loan Store, Inc. 1 7.63% $10,641
ACADEMY MORTGAGE CORPORATION 1 6.63% $12,990
ZILLOW HOME LOANS, LLC 1 6.13% $7,204
ADVANCIAL 1 7.00% $21,149
ALLIANT CREDIT UNION 1 6.50% $5,397
AMERICAN FINANCIAL RESOURCES, INC. 1 6.50% $4,579
AMERICAN FINANCING CORPORATION 1 6.63% $6,850
BANC ONE MORTGAGE CORPORATION 1 6.25% $20,569
Bank of America 1 7.88% $2,894
Bank of England 1 6.38% $6,020
Citibank 1 6.50% $5,375
CMG MORTGAGE, INC. 1 6.75% $11,048
COAST 2 COAST FUNDING GROUP, INC. 1 6.63% $7,516
GUARANTEED RATE, INC. 1 6.95% $4,730
HomeStreet Bank 1 5.88% $9,518
IDAHO CENTRAL 1 7.25% $2,605
LADERA LENDING, INC. 1 6.00% $11,823
MASON MCDUFFIE MORTGAGE CORPORATION 1 6.50% $8,698
Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $6,747
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.50% $14,702
NP, Inc. 1 7.25% $8,903
PENNYMAC LOAN SERVICES, LLC 1 6.75% $17,457
PNC Bank 1 8.00% $5,243
State Department Federal Credit Union 1 5.00% $13,292

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. Louis
Date 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
Brookings's median listing price for 2024-05-01 was $639,750, a difference of $49,300 (8.4%) versus the prior year and $-10,100 versus the prior month.

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

Brookings's average listing price for 2024-05-01 was $914,190, a difference of $89,405 (10.8%) versus the prior year and $33,834 versus the prior month.

For the 2024-05-01 period, Brookings had 165 MLS listings, a difference of 16 listings (11%) versus the prior month and 57 listings (53%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Brookings (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date 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
Brookings's median listing age (time on market) for 2024-05-01 was 0 days.

Brookings's median square footage for active listings during the 2024-05-01 period was 1,815 sqft. One year prior, the average listing was 1,779 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.