Brookings 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 Brookings averaged 7.37% 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 6.85% and one month ago for the week of 2024-03-14, the average rate was 6.71%.

    Brookings's average rate one year ago was 6.54%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.6%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Brookings 30 Year Fixed Rate 2024-04-18 7.37%
    Brookings 30 Year Fixed Rate Refi 2024-04-18 7.6%
    Brookings 15 Year Fixed Rate 2024-04-18 6.49%
    Brookings 15 Year Fixed Rate Refi 2024-04-18 6.39%
    Brookings 30 Year FHA 2024-04-18 6.76%
    Brookings 30 Year FHA Refi 2024-04-18 6.76%
    Brookings 30 Year USDA 2024-04-18 6.66%
    Brookings 30 Year USDA Refi 2024-04-18 6.76%
    Brookings 30 Year VA 2024-04-18 6.66%
    Brookings 30 Year VA Refi 2024-04-18 6.66%
    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
    Brookings's median listing price for 2024-03-01 was $649,950, a difference of $51,200 (8.6%) versus the prior year and $7,825 versus the prior month.

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

    Brookings's average listing price for 2024-03-01 was $981,137, a difference of $-81,644 (-7.7%) versus the prior year and $4,599 versus the prior month.

    For the 2024-03-01 period, Brookings had 121 MLS listings, a difference of 8 listings (7%) versus the prior month and 36 listings (42%) 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
    Brookings's median listing age (time on market) for 2024-03-01 was 0 days.

    Brookings's median square footage for active listings during the 2024-03-01 period was 1,852 sqft. One year prior, the average listing was 1,812 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.