Brookings Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Brookings averaged
7.14%
for the week of 2023-11-22, compared to the national average of
7.29% for the same period.
The average rate for the prior week (2023-11-16) was
7.09% and
one month ago for the week of 2023-10-19, the
average rate was 7.28%.
Brookings's average rate one year ago was 6.26%.
For refis of the same type during the week of 2023-11-22, the average rate
was 7.69%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
Brookings 30 Year Fixed Rate | 2023-11-22 | 7.14% |
Brookings 30 Year Fixed Rate Refi | 2023-11-22 | 7.69% |
Brookings 15 Year Fixed Rate | 2023-11-22 | 6.57% |
Brookings 15 Year Fixed Rate Refi | 2023-11-22 | 6.67% |
Brookings 30 Year FHA | 2023-11-22 | -0.1% |
Brookings 30 Year FHA Refi | 2023-11-22 | 0.2% |
Brookings 30 Year USDA | 2023-11-22 | -0.1% |
Brookings 30 Year USDA Refi | 2023-11-22 | 0% |
Brookings 30 Year VA | 2023-11-22 | -0.1% |
Brookings 30 Year VA Refi | 2023-11-22 | -0.2% |
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 74 lenders originated 607
loans during 2022. The total origination value was $168,315,000, with an average loan value of
$277,290.
Brookings's average closing costs are $5,565.
The top Brookings lender as defined by loan originations is QUICKEN LOANS, LLC, with
28 loans originated. Their average total fees are
$8,000, which is $3,434
higher than the next largest lender,
ROGUE.
The lowest fee Brookings lenders (with over 10 loans originated) are
ROGUE ($4,566), CALIBER HOME LOANS, INC. ($5,844), Umpqua Bank ($6,127), UNITED WHOLESALE MORTGAGE, LLC ($6,427) and CANOPY MORTGAGE, LLC ($7,089).
The lowest rate Brookings lenders (with over 10 loans originated) are
Umpqua Bank (4.07%), UNITED WHOLESALE MORTGAGE, LLC (4.30%), QUICKEN LOANS, LLC (4.78%), CALIBER HOME LOANS, INC. (4.84%) and ROGUE (4.88%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Umpqua Bank | $35,310,000 | $25,425,000 | -28.0% | 15.1% |
ROGUE | $29,090,000 | $19,115,000 | -34.3% | 11.4% |
QUICKEN LOANS, LLC | $28,270,000 | $11,025,000 | -61.0% | 6.6% |
CALIBER HOME LOANS, INC. | $16,930,000 | $9,225,000 | -45.5% | 5.5% |
CANOPY MORTGAGE, LLC | $17,800,000 | $7,435,000 | -58.2% | 4.4% |
UNITED WHOLESALE MORTGAGE, LLC | $10,815,000 | $5,025,000 | -53.5% | 3.0% |
Washington Federal Bank | $4,395,000 | n/a | 2.6% | |
U.S. Bank | $12,890,000 | $4,160,000 | -67.7% | 2.5% |
Mortgage Research Center, LLC | $4,900,000 | $3,575,000 | -27.0% | 2.1% |
GUILD MORTGAGE COMPANY | $7,320,000 | $2,750,000 | -62.4% | 1.6% |
NATIONS DIRECT MORTGAGE, LLC | $1,200,000 | $2,740,000 | 128.3% | 1.6% |
JPMorgan Chase Bank | $6,370,000 | $2,730,000 | -57.1% | 1.6% |
Wells Fargo Bank | $7,340,000 | $2,150,000 | -70.7% | 1.3% |
BROKER SOLUTIONS, INC. | $3,365,000 | $2,125,000 | -36.8% | 1.3% |
Banner Bank | $940,000 | $2,100,000 | 123.4% | 1.2% |
SUMMIT FUNDING, INC. | $1,525,000 | $2,005,000 | 31.5% | 1.2% |
Evergreen Federal Bank | $3,385,000 | $1,980,000 | -41.5% | 1.2% |
FREEDOM MORTGAGE CORPORATION | $4,460,000 | $1,935,000 | -56.6% | 1.1% |
HOME POINT FINANCIAL CORPORATION | $2,990,000 | $1,890,000 | -36.8% | 1.1% |
Mr. Cooper ( Nationstar Mortgage ) | $2,980,000 | $1,780,000 | -40.3% | 1.1% |
LOANDEPOT.COM, LLC | $8,170,000 | $1,720,000 | -78.9% | 1.0% |
AMERICAN ADVISORS GROUP | $1,425,000 | $1,715,000 | 20.4% | 1.0% |
Charles Schwab Bank, SSB | $1,640,000 | n/a | 1.0% | |
Loan Simple, Inc. | $265,000 | $1,480,000 | 458.5% | 0.9% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,475,000 | $1,465,000 | -40.8% | 0.9% |
EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $3,805,000 | $1,460,000 | -61.6% | 0.9% |
Willamette Valley Bank | $1,485,000 | $1,430,000 | -3.7% | 0.8% |
Ally Bank | $530,000 | $1,370,000 | 158.5% | 0.8% |
USAA Federal Savings Bank | $630,000 | $1,360,000 | 115.9% | 0.8% |
FINANCE OF AMERICA REVERSE LLC | $520,000 | $1,335,000 | 156.7% | 0.8% |
MLD MORTGAGE INC. | $1,325,000 | n/a | 0.8% | |
North American Savings Bank, F.S.B. | $335,000 | $1,270,000 | 279.1% | 0.8% |
CMG MORTGAGE, INC. | $2,685,000 | $1,250,000 | -53.4% | 0.7% |
NAVY FEDERAL CREDIT UNION | $1,490,000 | $1,170,000 | -21.5% | 0.7% |
First Interstate Bank | $1,655,000 | $1,065,000 | -35.6% | 0.6% |
HomeStreet Bank | $755,000 | $1,060,000 | 40.4% | 0.6% |
FIRST COMMUNITY | $175,000 | $1,050,000 | 500.0% | 0.6% |
Commerce Home Mortgage, Inc. | $770,000 | $940,000 | 22.1% | 0.6% |
STANFORD Federal Credit Union | $905,000 | n/a | 0.5% | |
ACADEMY MORTGAGE CORPORATION | $1,160,000 | $850,000 | -26.7% | 0.5% |
CHERRY CREEK MORTGAGE, LLC | $935,000 | $845,000 | -9.6% | 0.5% |
Flagstar Bank, FSB | $2,220,000 | $800,000 | -64.0% | 0.5% |
Wyndham Capital Mortgage, Inc. | $660,000 | $770,000 | 16.7% | 0.5% |
M&T Bank | $710,000 | n/a | 0.4% | |
Boeing Employees Credit Union | $685,000 | n/a | 0.4% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,755,000 | $650,000 | -63.0% | 0.4% |
BETTER MORTGAGE CORPORATION | $3,905,000 | $645,000 | -83.5% | 0.4% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $645,000 | n/a | 0.4% | |
LAND HOME FINANCIAL SERVICES, INC. | $1,665,000 | $620,000 | -62.8% | 0.4% |
TRIAD FINANCIAL SERVICES, INC. | $170,000 | $620,000 | 264.7% | 0.4% |
MUTUAL OF OMAHA MORTGAGE, INC. | $865,000 | $605,000 | -30.1% | 0.4% |
Nations Lending Corporation | $705,000 | $575,000 | -18.4% | 0.3% |
LAKEVIEW LOAN SERVICING, LLC | $1,190,000 | $560,000 | -52.9% | 0.3% |
21ST MORTGAGE CORPORATION | $555,000 | n/a | 0.3% | |
Morgan Stanley Private Bank | $535,000 | $555,000 | 3.7% | 0.3% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $900,000 | $530,000 | -41.1% | 0.3% |
LONGBRIDGE FINANCIAL, LLC | $530,000 | n/a | 0.3% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $1,595,000 | $505,000 | -68.3% | 0.3% |
MOUNTAIN AMERICA | $485,000 | n/a | 0.3% | |
Operating Engineers Local Union #3 | $485,000 | n/a | 0.3% | |
AMERISAVE MORTGAGE CORPORATION | $2,435,000 | $450,000 | -81.5% | 0.3% |
SECURITYNATIONAL MORTGAGE COMPANY | $415,000 | n/a | 0.2% | |
Texana Bank | $415,000 | n/a | 0.2% | |
Armed Forces Bank | $405,000 | n/a | 0.2% | |
DIRECTORS MORTGAGE, INC. | $1,920,000 | $405,000 | -78.9% | 0.2% |
LADERA LENDING, INC. | $245,000 | $405,000 | 65.3% | 0.2% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $245,000 | $405,000 | 65.3% | 0.2% |
Semper Home Loans, Inc. | $405,000 | n/a | 0.2% | |
SUN WEST MORTGAGE COMPANY, INC. | $580,000 | $395,000 | -31.9% | 0.2% |
ZILLOW HOME LOANS, LLC | $810,000 | $395,000 | -51.2% | 0.2% |
CUSTOMER SERVICE MORTGAGE CORPORATION | $385,000 | n/a | 0.2% | |
NFM, INC. | $375,000 | n/a | 0.2% | |
PACIFIC RESIDENTIAL MORTGAGE, LLC | $735,000 | $375,000 | -49.0% | 0.2% |
CAPSTONE DIRECT, INC. | $365,000 | n/a | 0.2% | |
WASHINGTON STATE EMPLOYEES Credit Union | $365,000 | n/a | 0.2% | |
Dairy State Bank | $355,000 | n/a | 0.2% | |
EVERETT FINANCIAL, INC. | $355,000 | n/a | 0.2% | |
INFINITY EQUITY GROUP, INC. | $345,000 | n/a | 0.2% | |
Tri Counties Bank | $650,000 | $345,000 | -46.9% | 0.2% |
AMERICAN FINANCING CORPORATION | $970,000 | $335,000 | -65.5% | 0.2% |
NORTHWEST COMMUNITY | $795,000 | $335,000 | -57.9% | 0.2% |
S1L, Inc. | $855,000 | $335,000 | -60.8% | 0.2% |
MID AMERICA MORTGAGE, INC. | $325,000 | n/a | 0.2% | |
MOVEMENT MORTGAGE, LLC | $490,000 | $325,000 | -33.7% | 0.2% |
FirstBank | $1,115,000 | $305,000 | -72.6% | 0.2% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $295,000 | n/a | 0.2% | |
MASON MCDUFFIE MORTGAGE CORPORATION | $2,370,000 | $295,000 | -87.6% | 0.2% |
BAY EQUITY LLC | $660,000 | $275,000 | -58.3% | 0.2% |
MANN FINANCIAL INC. | $215,000 | $275,000 | 27.9% | 0.2% |
Sierra Pacific Mortgage Company, Inc. | $4,740,000 | $275,000 | -94.2% | 0.2% |
PENNYMAC LOAN SERVICES, LLC | $6,630,000 | $265,000 | -96.0% | 0.2% |
BECKAM FUNDING CORP. | $465,000 | $255,000 | -45.2% | 0.2% |
Equity Bank | $255,000 | n/a | 0.2% | |
GUARANTEED RATE, INC. | $760,000 | $255,000 | -66.4% | 0.2% |
REVERSE MORTGAGE FUNDING LLC | $540,000 | $255,000 | -52.8% | 0.2% |
Citibank | $85,000 | $235,000 | 176.5% | 0.1% |
VAN DYK MORTGAGE CORPORATION | $275,000 | $235,000 | -14.5% | 0.1% |
V.I.P. MORTGAGE, INC. | $235,000 | n/a | 0.1% | |
Northpointe Bank | $165,000 | $230,000 | 39.4% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $2,010,000 | $225,000 | -88.8% | 0.1% |
CITYWIDE HOME LOANS, LLC | $345,000 | $215,000 | -37.7% | 0.1% |
Hometown Lenders, Inc. | $215,000 | n/a | 0.1% | |
ROUNDPOINT MORTGAGE SERVICING CORPORATION | $215,000 | n/a | 0.1% | |
FINANCE OF AMERICA MORTGAGE LLC | $590,000 | $205,000 | -65.3% | 0.1% |
NEW DAY FINANCIAL, LLC | $1,290,000 | $195,000 | -84.9% | 0.1% |
VILLAGE CAPITAL MORTGAGE | $345,000 | $195,000 | -43.5% | 0.1% |
THRIVENT Federal Credit Union | $145,000 | $185,000 | 27.6% | 0.1% |
BKCO MORTGAGE, LLC | $165,000 | n/a | 0.1% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $310,000 | $165,000 | -46.8% | 0.1% |
Goldwater Bank, N.A. | $165,000 | n/a | 0.1% | |
MUFG Union Bank | $185,000 | $165,000 | -10.8% | 0.1% |
Gallic & Johnson, LLC | $155,000 | n/a | 0.1% | |
OnPoint Community Credit Union | $660,000 | $125,000 | -81.1% | 0.1% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $115,000 | n/a | 0.1% | |
KELLER MORTGAGE, LLC | $75,000 | n/a | 0.0% | |
OREGON COMMUNITY | $405,000 | $65,000 | -84.0% | 0.0% |
SPRING EQ, LLC | $225,000 | $65,000 | -71.1% | 0.0% |
Brookings's top lender by overall market share is Umpqua Bank, with 15.1% market share. In second place, with 11.4%, is ROGUE, having originated $19,115,000 in loans. In third place, with 6.6%, is QUICKEN LOANS, LLC, having originated $11,025,000 in loans. In fourth place, with 5.5%, is CALIBER HOME LOANS, INC., having originated $9,225,000 in loans. In fifth place, with 4.4%, is CANOPY MORTGAGE, LLC, having originated $7,435,000 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 | $447,064 (8.3%) | $650,415 (-1.4%) | 0.00 | 230 |
2019-05-01 | $431,125 (1.2%) | $626,571 (-9.4%) | 0.00 | 248 |
2019-06-01 | $432,500 (-0.5%) | $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 (1.5%) | $635,046 (-2.4%) | 0.00 | 147 |
2020-05-01 | $449,250 (4.2%) | $644,887 (2.9%) | 0.00 | 149 |
2020-06-01 | $448,000 (3.6%) | $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%) | $636,388 (1.4%) | 0.00 | 96 |
2020-10-01 | $422,500 (-5.4%) | $600,705 (-4.5%) | 0.00 | 95 |
2020-11-01 | $438,500 (-2.6%) | $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 (46.6%) | 0.00 | 72 |
2021-10-01 | $594,500 (40.7%) | $927,328 (54.4%) | 0.00 | 70 |
2021-11-01 | $584,000 (33.2%) | $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%) | $1,065,207 (75.0%) | 0.00 | 42 |
2022-03-01 | $623,500 (38.0%) | $945,435 (12.7%) | 0.00 | 44 |
2022-04-01 | $599,000 (8.2%) | $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 (2.0%) | 0.00 | 82 |
2023-03-01 | $598,750 (-4.0%) | $1,062,781 (12.4%) | 0.00 | 85 |
2023-04-01 | $599,000 (0.0%) | $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 |
Brookings's median listing price comes in at 0% of the national average.
Brookings's average listing price for 2023-10-01 was $819,667, a difference of $-144,407 (-15.0%) versus the prior year and $-33,421 versus the prior month.
For the 2023-10-01 period, Brookings had 148 MLS listings, a difference of 4 listings (3%) versus the prior month and 50 listings (51%) 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 | 1,939 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 | 1,875 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 | 1,695 sqft |
2022-03-01 | 0 days | 1,807 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 |
Brookings's median square footage for active listings during the 2023-10-01 period was 1,773 sqft. One year prior, the average listing was 1,818 sqft.
Brookings, OR Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 247 | $89,515,000 | $362,409 |
Cash Out Refi | 119 | $34,685,000 | $291,471 |
Refi | 107 | $24,395,000 | $227,991 |
Home Improvement | 80 | $8,860,000 | $110,750 |
Other | 54 | $10,860,000 | $201,111 |
Brookings's most frequently cited loan purpose was Home Purchase, with 247 originations. The 2nd most popular reason was Cash Out Refi, with 119 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 179 | $51,905,000 | $289,972 |
5-6% | 114 | $34,430,000 | $302,018 |
4-5% | 104 | $30,560,000 | $293,846 |
2.5-3% | 82 | $20,450,000 | $249,390 |
6-7% | 58 | $13,860,000 | $238,966 |
7-8% | 33 | $7,395,000 | $224,091 |
<2.5% | 16 | $5,300,000 | $331,250 |
Over 8% | 14 | $2,080,000 | $148,571 |
During 2022, Brookings's most frequently originated rate bucket was 3-4%, with 179 originations.
Loan Sizing (Brookings, OR MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 253 | $73,855,000 | $291,917 |
$100k-200k | 133 | $19,215,000 | $144,474 |
$100,000 or less | 99 | $5,975,000 | $60,354 |
$400k-600k | 91 | $42,285,000 | $464,670 |
$600k-1000k | 24 | $17,170,000 | $715,417 |
$Over $1MM | 7 | $9,815,000 | $1,402,143 |
Brookings's loan sizing saw the bucket of loans from $200k-400k with 253 originations, totaling $73,855,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 146 | $56,610,000 | $387,740 |
60-80% | 140 | $53,660,000 | $383,286 |
40-60% | 105 | $28,635,000 | $272,714 |
20-40% | 103 | $17,255,000 | $167,524 |
Under 20% | 98 | $7,090,000 | $72,347 |
Over 100% | 4 | $1,520,000 | $380,000 |
Brookings's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 146 originations, totaling $56,610,000 in origination value.