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 6.75% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.83% and one month ago for the week of 2023-02-16, the average rate was 6.35%.

    Brookings's average rate one year ago was 3.91%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.81%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Brookings 30 Year Fixed Rate 2023-03-23 6.75%
    Brookings 30 Year Fixed Rate Refi 2023-03-23 6.81%
    Brookings 15 Year Fixed Rate 2023-03-23 6.45%
    Brookings 15 Year Fixed Rate Refi 2023-03-23 6.47%
    Brookings 30 Year FHA 2023-03-23 6.31%
    Brookings 30 Year FHA Refi 2023-03-23 5.83%
    Brookings 30 Year USDA 2023-03-23 6.31%
    Brookings 30 Year USDA Refi 2023-03-23 6.08%
    Brookings 30 Year VA 2023-03-23 6.02%
    Brookings 30 Year VA Refi 2023-03-23 5.49%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 28 4.78% $8,000
    ROGUE 24 4.88% $4,566
    Umpqua Bank 22 4.07% $6,127
    CALIBER HOME LOANS, INC. 21 4.84% $5,844
    CANOPY MORTGAGE, LLC 15 5.12% $7,089
    UNITED WHOLESALE MORTGAGE, LLC 10 4.30% $6,427
    JPMorgan Chase Bank 7 4.48% $4,848
    LOANDEPOT.COM, LLC 6 3.77% $6,455
    U.S. Bank 6 4.81% $6,006
    GUILD MORTGAGE COMPANY 6 4.83% $5,467
    NATIONS DIRECT MORTGAGE, LLC 5 4.05% $8,021
    Wells Fargo Bank 4 4.16% $6,845
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.40% $7,583
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 4 5.00% $10,183
    BROKER SOLUTIONS, INC. 3 5.21% $10,320
    Mr. Cooper ( Nationstar Mortgage ) 3 4.13% $9,285
    CHERRY CREEK MORTGAGE, LLC 3 3.83% $6,655
    HomeStreet Bank 3 3.83% $4,282
    CMG MORTGAGE, INC. 3 5.00% $6,777
    SUMMIT FUNDING, INC. 3 4.50% $6,705
    MLD MORTGAGE INC. 2 5.24% $9,150
    HOME POINT FINANCIAL CORPORATION 2 3.68% $7,681
    North American Savings Bank, F.S.B. 2 6.94% $15,001
    AMERISAVE MORTGAGE CORPORATION 2 4.13% $7,630
    Nations Lending Corporation 2 5.69% $3,497
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.94% $9,307
    Washington Federal Bank 2 3.19% $11,211
    Charles Schwab Bank, SSB 2 3.55% $5,190
    FIRST COMMUNITY 2 3.63% $4,935
    Willamette Valley Bank 2 5.13% $9,852
    Loan Simple, Inc. 2 4.44% $5,575
    Ally Bank 2 3.06% $13,885
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.88% $4,992
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 4.13% $3,546
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.13% $8,854
    Semper Home Loans, Inc. 1 3.00% $5,733
    STANFORD Federal Credit Union 1 2.88% $5,505
    Tri Counties Bank 1 4.00% $4,083
    VAN DYK MORTGAGE CORPORATION 1 3.25% $6,449
    WASHINGTON STATE EMPLOYEES Credit Union 1 6.13% $4,552
    Wyndham Capital Mortgage, Inc. 1 3.88% $7,824
    ACADEMY MORTGAGE CORPORATION 1 4.88% $9,977
    ZILLOW HOME LOANS, LLC 1 2.75% $3,974
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.88% $6,214
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.38% $3,995
    Banner Bank 1 5.50% $5,445
    BAY EQUITY LLC 1 5.88% $12,294
    BETTER MORTGAGE CORPORATION 1 2.75% $18,243
    BKCO MORTGAGE, LLC 1 5.75% $4,488
    Boeing Employees Credit Union 1 3.50% $8,925
    CAPSTONE DIRECT, INC. 1 3.38% $5,062
    Citibank 1 5.88% $4,836
    CITYWIDE HOME LOANS, LLC 1 5.98% $7,899
    CUSTOMER SERVICE MORTGAGE CORPORATION 1 6.13% $5,647
    FINANCE OF AMERICA MORTGAGE LLC 1 5.88% $7,010
    FirstBank 1 2.88% $3,071
    Flagstar Bank, FSB 1 6.00% $10,449
    FREEDOM MORTGAGE CORPORATION 1 3.13% $3,309
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.00% $7,902
    GUARANTEED RATE, INC. 1 5.50% $7,498
    Hometown Lenders, Inc. 1 5.75% $8,450
    INFINITY EQUITY GROUP, INC. 1 4.13% $6,591
    KELLER MORTGAGE, LLC 1 6.38% $2,958
    LADERA LENDING, INC. 1 3.63% $4,653
    LAND HOME FINANCIAL SERVICES, INC. 1 5.38% $8,640
    MANN FINANCIAL INC. 1 5.50% $10,178
    MASON MCDUFFIE MORTGAGE CORPORATION 1 3.38% $5,798
    Morgan Stanley Private Bank 1 4.20% $3,470
    M&T Bank 1 3.25% $8,381
    MUFG Union Bank 1 3.25% $4,009
    MUTUAL OF OMAHA MORTGAGE, INC. 1 4.00% $4,297
    NFM, INC. 1 6.38% $10,261
    Northpointe Bank 1 4.50% $3,881
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 5.75% $8,102

    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. 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 $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
    Brookings's median listing price for 2023-02-01 was $643,000, a difference of $64,000 (11.1%) versus the prior year and $6,000 versus the prior month.

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

    Brookings's average listing price for 2023-02-01 was $1,086,356, a difference of $21,149 (2.0%) versus the prior year and $-1,977 versus the prior month.

    For the 2023-02-01 period, Brookings had 82 MLS listings, a difference of -5 listings (-6%) versus the prior month and 40 listings (95%) 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 1,939 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
    Brookings's median listing age (time on market) for 2023-02-01 was 0 days.

    Brookings's median square footage for active listings during the 2023-02-01 period was 1,895 sqft. One year prior, the average listing was 1,695 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.