Cambridge Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cambridge averaged
6.87%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7% and
one month ago for the week of 2023-02-09, the
average rate was 6.29%.
Cambridge's average rate one year ago was 4.42%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.73%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Cambridge 30 Year Fixed Rate | 2023-03-16 | 6.87% |
Cambridge 30 Year Fixed Rate Refi | 2023-03-16 | 6.73% |
Cambridge 15 Year Fixed Rate | 2023-03-16 | 6.78% |
Cambridge 15 Year Fixed Rate Refi | 2023-03-16 | 6.16% |
Cambridge 30 Year FHA | 2023-03-16 | 6.58% |
Cambridge 30 Year FHA Refi | 2023-03-16 | 6.38% |
Cambridge 30 Year USDA | 2023-03-16 | 7.06% |
Cambridge 30 Year USDA Refi | 2023-03-16 | 6.22% |
Cambridge 30 Year VA | 2023-03-16 | 6.42% |
Cambridge 30 Year VA Refi | 2023-03-16 | 5.88% |
Cambridge 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 Cambridge, OH 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.).
Cambridge Average Closing Costs & Other Stats
Cambridge, OH's 58 lenders originated 1,131
loans during 2021. The total origination value was $155,785,000, with an average loan value of
$137,741.
Cambridge's average closing costs are $4,301.
The top Cambridge lender as defined by loan originations is Peoples Bank, with
47 loans originated. Their average total fees are
$2,495, which is $1,283
lower than the next largest lender,
The Huntington National Bank.
The lowest fee Cambridge lenders (with over 10 loans originated) are
Peoples Bank ($2,495), The Community Bank ($2,802), The Park National Bank ($3,146), The Huntington National Bank ($3,778) and UNION HOME MORTGAGE CORP. ($3,799).
The lowest rate Cambridge lenders (with over 10 loans originated) are
UNION HOME MORTGAGE CORP. (3.01%), The Community Bank (3.13%), The Huntington National Bank (3.19%), QUICKEN LOANS, LLC (3.28%) and Peoples Bank (3.34%).
Cambridge, OH 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
The Huntington National Bank | $16,190,000 | $19,705,000 | 21.7% | 12.6% |
Peoples Bank | $17,570,000 | $15,235,000 | -13.3% | 9.8% |
QUICKEN LOANS, LLC | $12,325,000 | $12,925,000 | 4.9% | 8.3% |
The Park National Bank | $17,965,000 | $11,010,000 | -38.7% | 7.1% |
The Community Bank | $9,110,000 | $10,705,000 | 17.5% | 6.9% |
FIRST OHIO HOME FINANCE, INC. | $10,575,000 | $9,270,000 | -12.3% | 6.0% |
U.S. Bank | $6,230,000 | $7,200,000 | 15.6% | 4.6% |
Farm Credit Mid-America, ACA | $6,685,000 | $6,465,000 | -3.3% | 4.1% |
MID AMERICA MORTGAGE, INC. | $3,330,000 | $5,315,000 | 59.6% | 3.4% |
WesBanco Bank, Inc. | $4,490,000 | $3,925,000 | -12.6% | 2.5% |
PNC Bank | $3,260,000 | $3,585,000 | 10.0% | 2.3% |
UNION HOME MORTGAGE CORP. | $3,095,000 | $2,895,000 | -6.5% | 1.9% |
J. VIRGIL, INC. | $1,640,000 | $2,425,000 | 47.9% | 1.6% |
LOANDEPOT.COM, LLC | $1,485,000 | $1,845,000 | 24.2% | 1.2% |
Mortgage Research Center, LLC | $2,590,000 | $1,820,000 | -29.7% | 1.2% |
FREEDOM MORTGAGE CORPORATION | $2,395,000 | $1,720,000 | -28.2% | 1.1% |
RAPID MORTGAGE COMPANY | $115,000 | $1,680,000 | 1,360.9% | 1.1% |
CROSSCOUNTRY MORTGAGE, LLC | $210,000 | $1,560,000 | 642.9% | 1.0% |
AMERISAVE MORTGAGE CORPORATION | $220,000 | $1,475,000 | 570.5% | 0.9% |
NEW DAY FINANCIAL, LLC | $580,000 | $1,370,000 | 136.2% | 0.9% |
RUOFF MORTGAGE COMPANY, INC. | $1,330,000 | n/a | 0.9% | |
UNITED WHOLESALE MORTGAGE, LLC | $820,000 | $1,170,000 | 42.7% | 0.8% |
CALIBER HOME LOANS, INC. | $485,000 | $1,130,000 | 133.0% | 0.7% |
North Valley Bank | $560,000 | $1,070,000 | 91.1% | 0.7% |
POLARIS HOME FUNDING CORP. | $785,000 | $1,015,000 | 29.3% | 0.7% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $700,000 | $980,000 | 40.0% | 0.6% |
Woodsfield Savings Bank | $1,005,000 | $960,000 | -4.5% | 0.6% |
Hometown Lenders, Inc. | $1,215,000 | $835,000 | -31.3% | 0.5% |
BETTER MORTGAGE CORPORATION | $135,000 | $830,000 | 514.8% | 0.5% |
Union Savings Bank | $255,000 | $830,000 | 225.5% | 0.5% |
NAVY FEDERAL CREDIT UNION | $1,245,000 | $785,000 | -36.9% | 0.5% |
The Farmers National Bank of Canfield | $125,000 | $785,000 | 528.0% | 0.5% |
LENDUS, LLC | $490,000 | $770,000 | 57.1% | 0.5% |
Belmont Savings Bank | $95,000 | $715,000 | 652.6% | 0.5% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $395,000 | $660,000 | 67.1% | 0.4% |
LIBERTY HOME MORTGAGE CORPORATION | $670,000 | $655,000 | -2.2% | 0.4% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $655,000 | n/a | 0.4% | |
USAA Federal Savings Bank | $125,000 | $635,000 | 408.0% | 0.4% |
HOMESIDE FINANCIAL, LLC | $810,000 | $625,000 | -22.8% | 0.4% |
CALCON MUTUAL MORTGAGE LLC | $570,000 | n/a | 0.4% | |
PENNYMAC LOAN SERVICES, LLC | $325,000 | $565,000 | 73.8% | 0.4% |
JPMorgan Chase Bank | $925,000 | $555,000 | -40.0% | 0.4% |
Bank of America | $150,000 | $545,000 | 263.3% | 0.3% |
LAKEVIEW LOAN SERVICING, LLC | $535,000 | n/a | 0.3% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $185,000 | $535,000 | 189.2% | 0.3% |
AMERICAN FINANCING CORPORATION | $515,000 | n/a | 0.3% | |
First Federal Bank of the Midwest | $115,000 | $505,000 | 339.1% | 0.3% |
BROKER SOLUTIONS, INC. | $95,000 | $485,000 | 410.5% | 0.3% |
CELEBRITY HOME LOANS, LLC | $455,000 | n/a | 0.3% | |
Unified Bank | $455,000 | n/a | 0.3% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $245,000 | $440,000 | 79.6% | 0.3% |
SUN WEST MORTGAGE COMPANY, INC. | $285,000 | $435,000 | 52.6% | 0.3% |
NP, Inc. | $135,000 | $380,000 | 181.5% | 0.2% |
VILLAGE CAPITAL & INVESTMENT LLC | $545,000 | $380,000 | -30.3% | 0.2% |
Mr. Cooper ( Nationstar Mortgage ) | $640,000 | $365,000 | -43.0% | 0.2% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $530,000 | $360,000 | -32.1% | 0.2% |
CityWorth Mortgage LLC | $355,000 | n/a | 0.2% | |
NEWREZ LLC | $665,000 | $330,000 | -50.4% | 0.2% |
PENTAGON FEDERAL CREDIT UNION | $325,000 | n/a | 0.2% | |
Nations Lending Corporation | $430,000 | $320,000 | -25.6% | 0.2% |
GUARANTEED RATE, INC. | $315,000 | n/a | 0.2% | |
NATIONS DIRECT MORTGAGE, LLC | $315,000 | n/a | 0.2% | |
Northpointe Bank | $315,000 | n/a | 0.2% | |
First Guaranty Mortgage Corporation | $310,000 | n/a | 0.2% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $585,000 | $300,000 | -48.7% | 0.2% |
Carrington Mortgage Services, LLC | $290,000 | $295,000 | 1.7% | 0.2% |
TOWNE MORTGAGE COMPANY | $230,000 | n/a | 0.1% | |
The Federal Savings Bank | $235,000 | $225,000 | -4.3% | 0.1% |
Third Federal Savings and Loan Association of Cleveland | $220,000 | n/a | 0.1% | |
First Federal Savings and Loan Association | $175,000 | $210,000 | 20.0% | 0.1% |
AmeriHome Mortgage Company, LLC | $205,000 | n/a | 0.1% | |
DEVELOPER'S MORTGAGE COMPANY | $195,000 | n/a | 0.1% | |
CLEARPATH LENDING | $185,000 | n/a | 0.1% | |
Magnolia Bank | $1,170,000 | $185,000 | -84.2% | 0.1% |
RESIDENTIAL MORTGAGE SERVICES, INC. | $135,000 | $185,000 | 37.0% | 0.1% |
SOUTHWEST STAGE FUNDING, LLC | $220,000 | $185,000 | -15.9% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $320,000 | $180,000 | -43.8% | 0.1% |
Flagstar Bank, FSB | $620,000 | $170,000 | -72.6% | 0.1% |
AMERICAN FINANCIAL RESOURCES, INC. | $225,000 | $165,000 | -26.7% | 0.1% |
First Federal Savings and Loan Association of Lakewood | $165,000 | n/a | 0.1% | |
Civista Bank | $280,000 | $155,000 | -44.6% | 0.1% |
HOME POINT FINANCIAL CORPORATION | $460,000 | $155,000 | -66.3% | 0.1% |
MYCUMORTGAGE, LLC | $195,000 | $155,000 | -20.5% | 0.1% |
OCEANSIDE MORTGAGE COMPANY | $230,000 | $145,000 | -37.0% | 0.1% |
TIAA, FSB | $145,000 | n/a | 0.1% | |
LOANPAL, LLC | $135,000 | n/a | 0.1% | |
SOFI LENDING CORP. | $135,000 | n/a | 0.1% | |
LENDINGHOME FUNDING CORPORATION | $125,000 | n/a | 0.1% | |
Discover Bank | $100,000 | $120,000 | 20.0% | 0.1% |
InterContinental Capital Group, Inc | $615,000 | $115,000 | -81.3% | 0.1% |
Manufacturers and Traders Trust Company | $115,000 | n/a | 0.1% | |
NFM, INC. | $145,000 | $115,000 | -20.7% | 0.1% |
PLANET HOME LENDING, LLC | $75,000 | $115,000 | 53.3% | 0.1% |
RESIDENTIAL BANCORP. | $115,000 | n/a | 0.1% | |
SOUTHPOINT FINANCIAL SERVICES, INC. | $115,000 | n/a | 0.1% | |
AMERICAN FINANCIAL NETWORK, INC. | $155,000 | $105,000 | -32.3% | 0.1% |
Independent Bank | $305,000 | $105,000 | -65.6% | 0.1% |
RELIANCE FIRST CAPITAL, LLC | $245,000 | $105,000 | -57.1% | 0.1% |
Ohio Catholic Federal Credit Union | $95,000 | n/a | 0.1% | |
Pathways Financial Credit Union, Inc. | $95,000 | n/a | 0.1% | |
T2 FINANCIAL LLC | $485,000 | $95,000 | -80.4% | 0.1% |
Fifth Third Bank | $35,000 | $90,000 | 157.1% | 0.1% |
Ixonia Bank | $85,000 | n/a | 0.1% | |
OHIO VALLEY COMMUNITY FEDERAL CREDIT UNION | $285,000 | $85,000 | -70.2% | 0.1% |
21ST MORTGAGE CORPORATION | $75,000 | n/a | 0.0% | |
Centier Bank | $75,000 | n/a | 0.0% | |
SIGNATURE MORTGAGE CORPORATION | $75,000 | n/a | 0.0% | |
Figure Lending LLC | $65,000 | $65,000 | 0.0% | 0.0% |
Hometown Equity Mortgage, LLC | $65,000 | n/a | 0.0% | |
Truist Bank | $410,000 | $45,000 | -89.0% | 0.0% |
Heartland Bank | $35,000 | n/a | 0.0% |
Cambridge's top lender by overall market share is The Huntington National Bank, with 12.6% market share. In second place, with 9.8%, is Peoples Bank, having originated $15,235,000 in loans. In third place, with 8.3%, is QUICKEN LOANS, LLC, having originated $12,925,000 in loans. In fourth place, with 7.1%, is The Park National Bank, having originated $11,010,000 in loans. In fifth place, with 6.9%, is The Community Bank, having originated $10,705,000 in loans.
Cambridge Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Cambridge (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 | $120,925 (15.8%) | $173,800 (20.1%) | 0.00 | 137 |
2018-02-01 | $109,000 (-4.3%) | $168,758 (14.5%) | 0.00 | 145 |
2018-03-01 | $107,500 (-3.5%) | $168,398 (13.1%) | 0.00 | 144 |
2018-04-01 | $109,700 (-7.4%) | $177,276 (13.4%) | 0.00 | 145 |
2018-05-01 | $122,475 (1.9%) | $186,050 (18.3%) | 0.00 | 150 |
2018-06-01 | $111,450 (-4.8%) | $182,630 (15.7%) | 0.00 | 146 |
2018-07-01 | $125,475 (14.2%) | $181,820 (18.3%) | 0.00 | 158 |
2018-08-01 | $125,425 (7.2%) | $182,235 (12.6%) | 0.00 | 164 |
2018-09-01 | $127,400 (6.3%) | $180,973 (6.2%) | 0.00 | 167 |
2018-10-01 | $137,175 (19.3%) | $181,618 (5.5%) | 0.00 | 175 |
2018-11-01 | $119,975 (9.2%) | $176,040 (7.5%) | 0.00 | 172 |
2018-12-01 | $118,000 (5.0%) | $174,154 (2.7%) | 0.00 | 154 |
2019-01-01 | $126,925 (5.0%) | $176,438 (1.5%) | 0.00 | 145 |
2019-02-01 | $137,400 (26.1%) | $182,341 (8.1%) | 0.00 | 134 |
2019-03-01 | $139,900 (30.1%) | $192,667 (14.4%) | 0.00 | 130 |
2019-04-01 | $140,550 (28.1%) | $204,199 (15.2%) | 0.00 | 127 |
2019-05-01 | $149,825 (22.3%) | $218,105 (17.2%) | 0.00 | 130 |
2019-06-01 | $145,000 (30.1%) | $209,848 (14.9%) | 0.00 | 160 |
2019-07-01 | $140,550 (12.0%) | $207,638 (14.2%) | 0.00 | 165 |
2019-08-01 | $142,900 (13.9%) | $209,942 (15.2%) | 0.00 | 171 |
2019-09-01 | $142,900 (12.2%) | $213,880 (18.2%) | 0.00 | 178 |
2019-10-01 | $141,200 (2.9%) | $218,857 (20.5%) | 0.00 | 183 |
2019-11-01 | $142,900 (19.1%) | $232,216 (31.9%) | 0.00 | 174 |
2019-12-01 | $136,325 (15.5%) | $219,872 (26.3%) | 0.00 | 158 |
2020-01-01 | $139,900 (10.2%) | $233,264 (32.2%) | 0.00 | 124 |
2020-02-01 | $139,900 (1.8%) | $249,337 (36.7%) | 0.00 | 105 |
2020-03-01 | $158,250 (13.1%) | $251,893 (30.7%) | 0.00 | 91 |
2020-04-01 | $159,900 (13.8%) | $250,726 (22.8%) | 0.00 | 94 |
2020-05-01 | $165,000 (10.1%) | $261,343 (19.8%) | 0.00 | 93 |
2020-06-01 | $143,650 (-0.9%) | $233,157 (11.1%) | 0.00 | 99 |
2020-07-01 | $141,950 (1.0%) | $224,689 (8.2%) | 0.00 | 97 |
2020-08-01 | $122,450 (-14.3%) | $197,497 (-5.9%) | 0.00 | 94 |
2020-09-01 | $131,500 (-8.0%) | $198,236 (-7.3%) | 0.00 | 97 |
2020-10-01 | $147,000 (4.1%) | $196,885 (-10.0%) | 0.00 | 99 |
2020-11-01 | $149,675 (4.7%) | $193,791 (-16.6%) | 0.00 | 90 |
2020-12-01 | $167,050 (22.5%) | $198,390 (-9.8%) | 0.00 | 78 |
2021-01-01 | $174,000 (24.4%) | $199,377 (-14.5%) | 0.00 | 65 |
2021-02-01 | $181,175 (29.5%) | $204,358 (-18.0%) | 0.00 | 60 |
2021-03-01 | $172,200 (8.8%) | $213,830 (-15.1%) | 0.00 | 51 |
2021-04-01 | $172,450 (7.9%) | $227,090 (-9.4%) | 0.00 | 45 |
2021-05-01 | $189,900 (15.1%) | $243,761 (-6.7%) | 0.00 | 37 |
2021-06-01 | $161,175 (12.2%) | $235,026 (0.8%) | 0.00 | 44 |
2021-07-01 | $194,900 (37.3%) | $334,905 (49.1%) | 0.00 | 42 |
2021-08-01 | $185,950 (51.9%) | $315,741 (59.9%) | 0.00 | 53 |
2021-09-01 | $176,950 (34.6%) | $298,437 (50.6%) | 0.00 | 65 |
2021-10-01 | $184,900 (25.8%) | $294,481 (49.6%) | 0.00 | 69 |
2021-11-01 | $179,975 (20.2%) | $286,687 (47.9%) | 0.00 | 77 |
2021-12-01 | $181,250 (8.5%) | $296,874 (49.6%) | 0.00 | 66 |
2022-01-01 | $179,999 (3.5%) | $310,371 (55.7%) | 0.00 | 59 |
2022-02-01 | $163,950 (-9.5%) | $295,247 (44.5%) | 0.00 | 58 |
2022-03-01 | $219,250 (27.3%) | $301,478 (41.0%) | 0.00 | 61 |
2022-04-01 | $204,950 (18.9%) | $300,317 (32.3%) | 0.00 | 57 |
2022-05-01 | $226,175 (19.1%) | $315,960 (29.6%) | 0.00 | 51 |
2022-06-01 | $195,175 (21.1%) | $285,095 (21.3%) | 0.00 | 60 |
2022-07-01 | $170,000 (-12.8%) | $270,013 (-19.4%) | 0.00 | 72 |
2022-08-01 | $180,900 (-2.7%) | $272,123 (-13.8%) | 0.00 | 82 |
2022-09-01 | $202,172 (14.3%) | $284,659 (-4.6%) | 0.00 | 99 |
2022-10-01 | $199,900 (8.1%) | $282,095 (-4.2%) | 0.00 | 90 |
2022-11-01 | $204,700 (13.7%) | $237,705 (-17.1%) | 0.00 | 83 |
2022-12-01 | $197,250 (8.8%) | $225,983 (-23.9%) | 0.00 | 82 |
2023-01-01 | $198,600 (10.3%) | $223,863 (-27.9%) | 0.00 | 80 |
2023-02-01 | $225,000 (37.2%) | $240,416 (-18.6%) | 0.00 | 71 |
Cambridge's median listing price comes in at 0% of the national average.
Cambridge's average listing price for 2023-02-01 was $240,416, a difference of $-54,831 (-18.6%) versus the prior year and $16,553 versus the prior month.
For the 2023-02-01 period, Cambridge had 71 MLS listings, a difference of -9 listings (-11%) versus the prior month and 13 listings (22%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cambridge (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,539 sqft |
2018-02-01 | 0 days | 1,478 sqft |
2018-03-01 | 0 days | 1,477 sqft |
2018-04-01 | 0 days | 1,469 sqft |
2018-05-01 | 0 days | 1,493 sqft |
2018-06-01 | 0 days | 1,498 sqft |
2018-07-01 | 0 days | 1,703 sqft |
2018-08-01 | 0 days | 1,672 sqft |
2018-09-01 | 0 days | 1,685 sqft |
2018-10-01 | 0 days | 1,652 sqft |
2018-11-01 | 0 days | 1,655 sqft |
2018-12-01 | 0 days | 1,679 sqft |
2019-01-01 | 0 days | 1,772 sqft |
2019-02-01 | 0 days | 1,799 sqft |
2019-03-01 | 0 days | 1,792 sqft |
2019-04-01 | 0 days | 1,770 sqft |
2019-05-01 | 0 days | 1,606 sqft |
2019-06-01 | 0 days | 1,616 sqft |
2019-07-01 | 0 days | 1,708 sqft |
2019-08-01 | 0 days | 1,731 sqft |
2019-09-01 | 0 days | 1,758 sqft |
2019-10-01 | 0 days | 1,775 sqft |
2019-11-01 | 0 days | 1,776 sqft |
2019-12-01 | 0 days | 1,720 sqft |
2020-01-01 | 0 days | 1,699 sqft |
2020-02-01 | 0 days | 1,724 sqft |
2020-03-01 | 0 days | 1,824 sqft |
2020-04-01 | 0 days | 1,849 sqft |
2020-05-01 | 0 days | 1,886 sqft |
2020-06-01 | 0 days | 1,727 sqft |
2020-07-01 | 0 days | 1,696 sqft |
2020-08-01 | 0 days | 1,657 sqft |
2020-09-01 | 0 days | 1,682 sqft |
2020-10-01 | 0 days | 1,664 sqft |
2020-11-01 | 0 days | 1,776 sqft |
2020-12-01 | 0 days | 1,759 sqft |
2021-01-01 | 0 days | 1,800 sqft |
2021-02-01 | 0 days | 1,969 sqft |
2021-03-01 | 0 days | 1,788 sqft |
2021-04-01 | 0 days | 1,563 sqft |
2021-05-01 | 0 days | 1,752 sqft |
2021-06-01 | 0 days | 1,679 sqft |
2021-07-01 | 0 days | 2,000 sqft |
2021-08-01 | 0 days | 1,805 sqft |
2021-09-01 | 0 days | 1,819 sqft |
2021-10-01 | 0 days | 1,897 sqft |
2021-11-01 | 0 days | 1,854 sqft |
2021-12-01 | 0 days | 1,830 sqft |
2022-01-01 | 0 days | 1,831 sqft |
2022-02-01 | 0 days | 1,902 sqft |
2022-03-01 | 0 days | 2,030 sqft |
2022-04-01 | 0 days | 2,008 sqft |
2022-05-01 | 0 days | 2,021 sqft |
2022-06-01 | 0 days | 1,948 sqft |
2022-07-01 | 0 days | 1,933 sqft |
2022-08-01 | 0 days | 1,920 sqft |
2022-09-01 | 0 days | 1,875 sqft |
2022-10-01 | 0 days | 1,773 sqft |
2022-11-01 | 0 days | 1,680 sqft |
2022-12-01 | 0 days | 1,603 sqft |
2023-01-01 | 0 days | 1,742 sqft |
2023-02-01 | 0 days | 1,969 sqft |
Cambridge's median square footage for active listings during the 2023-02-01 period was 1,969 sqft. One year prior, the average listing was 1,902 sqft.
Cambridge, OH Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 438 | $70,310,000 | $160,525 |
Refi | 333 | $47,515,000 | $142,688 |
Cash Out Refi | 213 | $28,285,000 | $132,793 |
Home Improvement | 91 | $5,715,000 | $62,802 |
Other | 56 | $3,960,000 | $70,714 |
Cambridge's most frequently cited loan purpose was Home Purchase, with 438 originations. The 2nd most popular reason was Refi, with 333 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 525 | $72,545,000 | $138,181 |
2.5-3% | 331 | $51,035,000 | $154,184 |
<2.5% | 134 | $19,250,000 | $143,657 |
4-5% | 62 | $6,790,000 | $109,516 |
5-6% | 32 | $1,610,000 | $50,313 |
6-7% | 12 | $670,000 | $55,833 |
Over 8% | 8 | $450,000 | $56,250 |
7-8% | 4 | $140,000 | $35,000 |
During 2021, Cambridge's most frequently originated rate bucket was 3-4%, with 525 originations.
Loan Sizing (Cambridge, OH MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 480 | $68,340,000 | $142,375 |
$100,000 or less | 433 | $28,115,000 | $64,931 |
$200k-400k | 204 | $52,360,000 | $256,667 |
$400k-600k | 12 | $5,540,000 | $461,667 |
$600k-1000k | 2 | $1,430,000 | $715,000 |
Cambridge's loan sizing saw the bucket of loans from $100k-200k with 480 originations, totaling $68,340,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 435 | $69,495,000 | $159,759 |
60-80% | 319 | $49,695,000 | $155,784 |
40-60% | 163 | $17,925,000 | $109,969 |
20-40% | 100 | $7,080,000 | $70,800 |
Under 20% | 57 | $2,045,000 | $35,877 |
Over 100% | 9 | $2,025,000 | $225,000 |
Cambridge's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 435 originations, totaling $69,495,000 in origination value.