Centralia Mortgage Rates
30 Year Fixed Rate mortgages in Centralia averaged
5.84%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
5.85% and
one month ago for the week of 2022-05-26, the
average rate was 5.44%.
Centralia's average rate one year ago was 3.24%.
For refis of the same type during the week of 2022-06-30, the average rate
was 5.94%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
Centralia 30 Year Fixed Rate | 2022-06-30 | 5.84% |
Centralia 30 Year Fixed Rate Refi | 2022-06-30 | 5.94% |
Centralia 15 Year Fixed Rate | 2022-06-30 | 5.79% |
Centralia 15 Year Fixed Rate Refi | 2022-06-30 | 5.04% |
Centralia 30 Year FHA | 2022-06-30 | 6.04% |
Centralia 30 Year FHA Refi | 2022-06-30 | 5.9% |
Centralia 30 Year USDA | 2022-06-30 | 5.64% |
Centralia 30 Year USDA Refi | 2022-06-30 | 3.67% |
Centralia 30 Year VA | 2022-06-30 | 5.48% |
Centralia 30 Year VA Refi | 2022-06-30 | 5.28% |
Centralia Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Centralia, IL 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.).
Centralia, IL's 44 lenders originated 846
loans during 2021. The total origination value was $97,320,000, with an average loan value of
$115,035.
The top Centralia lender as defined by loan originations is Peoples National Bank , N.A., with
42 loans originated. Their average total fees are
$1,938, which is $221
lower than the next largest lender,
U.S. Bank.
The lowest fee Centralia lenders (with over 10 loans originated) are
Peoples National Bank , N.A. ($1,938), U.S. Bank ($2,159), Community Mortgage Banc Corporation ($2,312), Midland States Bank ($2,538) and BROKER SOLUTIONS, INC. ($2,785).
The lowest rate Centralia lenders (with over 10 loans originated) are
U.S. Bank (3.22%), Midland States Bank (3.26%), Peoples National Bank , N.A. (3.26%), QUICKEN LOANS, LLC (3.27%) and Community Mortgage Banc Corporation (3.29%).
Centralia, IL Lender 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 |
---|---|---|---|---|
Community Partners Savings Bank | $18,480,000 | $18,100,000 | -2.1% | 18.6% |
Peoples National Bank , N.A. | $17,735,000 | $11,375,000 | -35.9% | 11.7% |
U.S. Bank | $8,880,000 | $7,890,000 | -11.1% | 8.1% |
QUICKEN LOANS, LLC | $4,780,000 | $7,195,000 | 50.5% | 7.4% |
BROKER SOLUTIONS, INC. | $9,320,000 | $6,980,000 | -25.1% | 7.2% |
Community Mortgage Banc Corporation | $5,115,000 | $4,910,000 | -4.0% | 5.0% |
Midland States Bank | $2,740,000 | $4,700,000 | 71.5% | 4.8% |
DELMAR FINANCIAL COMPANY | $240,000 | $3,055,000 | 1,172.9% | 3.1% |
Mortgage Research Center, LLC | $2,735,000 | $2,745,000 | 0.4% | 2.8% |
Petefish, Skiles & Co. | $1,870,000 | $1,845,000 | -1.3% | 1.9% |
FREEDOM MORTGAGE CORPORATION | $1,925,000 | $1,685,000 | -12.5% | 1.7% |
Bankers' Bank | $1,610,000 | n/a | 1.7% | |
GERSHMAN INVESTMENT CORP. | $265,000 | $1,425,000 | 437.7% | 1.5% |
FCB Banks | $1,535,000 | $1,050,000 | -31.6% | 1.1% |
The FNB Community Bank | $875,000 | $930,000 | 6.3% | 1.0% |
ENDEAVOR CAPITAL, LLC. | $180,000 | $870,000 | 383.3% | 0.9% |
Regions Bank | $1,055,000 | $780,000 | -26.1% | 0.8% |
Bank of Hillsboro | $915,000 | $690,000 | -24.6% | 0.7% |
UNITED WHOLESALE MORTGAGE, LLC | $1,145,000 | $670,000 | -41.5% | 0.7% |
EVANSVILLE TEACHERS | $360,000 | $665,000 | 84.7% | 0.7% |
SCOTT CREDIT UNION | $115,000 | $600,000 | 421.7% | 0.6% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $280,000 | $595,000 | 112.5% | 0.6% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $275,000 | $565,000 | 105.5% | 0.6% |
21ST MORTGAGE CORPORATION | $655,000 | $520,000 | -20.6% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $180,000 | $495,000 | 175.0% | 0.5% |
HOMESIDE FINANCIAL, LLC | $455,000 | n/a | 0.5% | |
Barrington Bank & Trust Company, N.A. | $165,000 | $450,000 | 172.7% | 0.5% |
AMERISAVE MORTGAGE CORPORATION | $440,000 | n/a | 0.5% | |
Wyndham Capital Mortgage, Inc. | $425,000 | n/a | 0.4% | |
Fifth Third Bank | $415,000 | n/a | 0.4% | |
Community Bank of Trenton | $1,135,000 | $390,000 | -65.6% | 0.4% |
Dieterich Bank | $85,000 | $380,000 | 347.1% | 0.4% |
MOVEMENT MORTGAGE, LLC | $370,000 | n/a | 0.4% | |
CALIBER HOME LOANS, INC. | $135,000 | $360,000 | 166.7% | 0.4% |
NEWREZ LLC | $355,000 | n/a | 0.4% | |
The Farmers and Merchants National Bank of Nashville | $45,000 | $355,000 | 688.9% | 0.4% |
HOME POINT FINANCIAL CORPORATION | $280,000 | $350,000 | 25.0% | 0.4% |
Low VA Rates, LLC | $350,000 | n/a | 0.4% | |
The Peoples State Bank of Newton, Illinois | $360,000 | $345,000 | -4.2% | 0.4% |
Wells Fargo Bank | $665,000 | $340,000 | -48.9% | 0.3% |
VILLAGE CAPITAL & INVESTMENT LLC | $335,000 | n/a | 0.3% | |
GUARANTEED RATE, INC. | $200,000 | $325,000 | 62.5% | 0.3% |
First National Bank of Waterloo | $190,000 | $320,000 | 68.4% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $415,000 | $300,000 | -27.7% | 0.3% |
Town & Country Banc Mortgage Services, Inc. | $150,000 | $300,000 | 100.0% | 0.3% |
FLAT BRANCH MORTGAGE, INC. | $290,000 | n/a | 0.3% | |
Germantown Trust & Savings Bank | $175,000 | $280,000 | 60.0% | 0.3% |
United Community Bank | $95,000 | $280,000 | 194.7% | 0.3% |
Bank of America | $75,000 | $275,000 | 266.7% | 0.3% |
CROSSCOUNTRY MORTGAGE, LLC | $275,000 | n/a | 0.3% | |
First Financial Bank | $65,000 | $275,000 | 323.1% | 0.3% |
CELEBRITY HOME LOANS, LLC | $115,000 | $265,000 | 130.4% | 0.3% |
AmeriHome Mortgage Company, LLC | $260,000 | n/a | 0.3% | |
CMG MORTGAGE, INC. | $155,000 | $260,000 | 67.7% | 0.3% |
Mr. Cooper ( Nationstar Mortgage ) | $615,000 | $255,000 | -58.5% | 0.3% |
JLB CORPORATION | $240,000 | n/a | 0.2% | |
OCEANSIDE MORTGAGE COMPANY | $115,000 | $240,000 | 108.7% | 0.2% |
Bank of England | $235,000 | n/a | 0.2% | |
Carrollton Bank | $235,000 | n/a | 0.2% | |
LOANDEPOT.COM, LLC | $415,000 | $215,000 | -48.2% | 0.2% |
CITIZENS EQUITY FIRST | $205,000 | n/a | 0.2% | |
DAS Acquisition Company, LLC | $230,000 | $195,000 | -15.2% | 0.2% |
FIRST CENTENNIAL MORTGAGE CORPORATION | $195,000 | n/a | 0.2% | |
Nations Lending Corporation | $185,000 | n/a | 0.2% | |
First Guaranty Mortgage Corporation | $480,000 | $180,000 | -62.5% | 0.2% |
BETTER MORTGAGE CORPORATION | $175,000 | n/a | 0.2% | |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $175,000 | n/a | 0.2% | |
FIRST INTEGRITY MORTGAGE SERVICES, INC. | $165,000 | n/a | 0.2% | |
SUCCESS MORTGAGE PARTNERS, INC. | $165,000 | n/a | 0.2% | |
GUILD MORTGAGE COMPANY | $155,000 | n/a | 0.2% | |
LAKEVIEW LOAN SERVICING, LLC | $155,000 | n/a | 0.2% | |
NEW DAY FINANCIAL, LLC | $245,000 | $155,000 | -36.7% | 0.2% |
Carrington Mortgage Services, LLC | $315,000 | $150,000 | -52.4% | 0.2% |
BMO Harris Bank | $135,000 | n/a | 0.1% | |
First Savings Bank | $75,000 | $135,000 | 80.0% | 0.1% |
IAA Credit Union | $135,000 | n/a | 0.1% | |
NATIONS DIRECT MORTGAGE, LLC | $135,000 | n/a | 0.1% | |
NAVY FEDERAL CREDIT UNION | $670,000 | $135,000 | -79.9% | 0.1% |
The Federal Savings Bank | $135,000 | n/a | 0.1% | |
MID AMERICA MORTGAGE, INC. | $125,000 | n/a | 0.1% | |
1ST MIDAMERICA | $95,000 | n/a | 0.1% | |
FINANCE OF AMERICA MORTGAGE LLC | $95,000 | n/a | 0.1% | |
FIRST COMMUNITY | $95,000 | n/a | 0.1% | |
Arvest Bank | $205,000 | $85,000 | -58.5% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $205,000 | $85,000 | -58.5% | 0.1% |
AMERICAN PORTFOLIO MORTGAGE CORPORATION | $75,000 | n/a | 0.1% | |
Equity Prime Mortgage LLC | $75,000 | n/a | 0.1% | |
KS StateBank | $75,000 | n/a | 0.1% | |
USAA Federal Savings Bank | $205,000 | $65,000 | -68.3% | 0.1% |
Legence Bank | $135,000 | $55,000 | -59.3% | 0.1% |
PHH Mortgage Corporation | $55,000 | n/a | 0.1% | |
The First National Bank in Carlyle | $45,000 | n/a | 0.0% | |
Home Loan Investment Bank, F.S.B. | $25,000 | $30,000 | 20.0% | 0.0% |
Banterra Bank | $65,000 | $15,000 | -76.9% | 0.0% |
Centralia's top lender by overall market share is Community Partners Savings Bank, with 18.6% market share. In second place, with 11.7%, is Peoples National Bank , N.A., having originated $11,375,000 in loans. In third place, with 8.1%, is U.S. Bank, having originated $7,890,000 in loans. In third place, with 7.4%, is QUICKEN LOANS, LLC, having originated $7,195,000 in loans. In third place, with 7.2%, is BROKER SOLUTIONS, INC., having originated $6,980,000 in loans.
Centralia, IL Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 423 | $48,205,000 | $113,960 |
Refi | 248 | $31,240,000 | $125,968 |
Cash Out Refi | 128 | $15,500,000 | $121,094 |
Other | 25 | $1,285,000 | $51,400 |
Home Improvement | 22 | $1,090,000 | $49,545 |
Centralia's most frequently cited loan purpose was Home Purchase, with 423 originations. The 2nd most popular reason was Refi, with 248 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 285 | $34,545,000 | $121,211 |
2.5-3% | 206 | $26,820,000 | $130,194 |
<2.5% | 88 | $11,000,000 | $125,000 |
4-5% | 29 | $3,015,000 | $103,966 |
Over 8% | 9 | $505,000 | $56,111 |
7-8% | 3 | $235,000 | $78,333 |
6-7% | 2 | $170,000 | $85,000 |
5-6% | 2 | $130,000 | $65,000 |
During 2021, Centralia's most frequently originated rate bucket was 3-4%, with 285 originations.
Loan Sizing (Centralia, IL MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 430 | $26,950,000 | $62,674 |
$100k-200k | 318 | $44,700,000 | $140,566 |
$200k-400k | 94 | $23,740,000 | $252,553 |
$400k-600k | 3 | $1,285,000 | $428,333 |
$600k-1000k | 1 | $645,000 | $645,000 |
Centralia's loan sizing saw the bucket of loans from $100,000 or less with 430 originations, totaling $26,950,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 328 | $42,720,000 | $130,244 |
60-80% | 178 | $22,110,000 | $124,213 |
40-60% | 57 | $6,615,000 | $116,053 |
20-40% | 22 | $1,270,000 | $57,727 |
Under 20% | 15 | $205,000 | $13,667 |
Over 100% | 3 | $315,000 | $105,000 |
Centralia's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 328 originations, totaling $42,720,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Centralia (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 | $95,000 (19.5%) | $122,672 (4.3%) | 0.00 | 174 |
2018-02-01 | $95,000 (18.8%) | $127,468 (7.1%) | 0.00 | 173 |
2018-03-01 | $90,000 (10.4%) | $124,545 (4.6%) | 0.00 | 169 |
2018-04-01 | $91,250 (4.3%) | $126,185 (1.6%) | 0.00 | 175 |
2018-05-01 | $97,900 (12.0%) | $142,946 (13.6%) | 0.00 | 178 |
2018-06-01 | $98,000 (16.0%) | $140,036 (14.7%) | 0.00 | 181 |
2018-07-01 | $118,700 (33.4%) | $143,964 (17.5%) | 0.00 | 191 |
2018-08-01 | $114,750 (44.0%) | $142,464 (28.9%) | 0.00 | 199 |
2018-09-01 | $109,900 (38.2%) | $142,199 (25.3%) | 0.00 | 187 |
2018-10-01 | $109,450 (26.2%) | $144,273 (23.7%) | 0.00 | 181 |
2018-11-01 | $107,900 (20.0%) | $145,265 (24.5%) | 0.00 | 176 |
2018-12-01 | $105,900 (17.8%) | $145,213 (23.3%) | 0.00 | 179 |
2019-01-01 | $105,900 (11.5%) | $143,318 (16.8%) | 0.00 | 176 |
2019-02-01 | $102,000 (7.4%) | $142,958 (12.2%) | 0.00 | 170 |
2019-03-01 | $103,671 (15.2%) | $140,979 (13.2%) | 0.00 | 171 |
2019-04-01 | $115,950 (27.1%) | $141,620 (12.2%) | 0.00 | 164 |
2019-05-01 | $122,400 (25.0%) | $146,531 (2.5%) | 0.00 | 166 |
2019-06-01 | $124,900 (27.5%) | $145,017 (3.6%) | 0.00 | 173 |
2019-07-01 | $123,450 (4.0%) | $145,448 (1.0%) | 0.00 | 172 |
2019-08-01 | $123,714 (7.8%) | $141,828 (-0.5%) | 0.00 | 172 |
2019-09-01 | $123,714 (12.6%) | $140,583 (-1.1%) | 0.00 | 167 |
2019-10-01 | $120,000 (9.6%) | $145,841 (1.1%) | 0.00 | 152 |
2019-11-01 | $119,900 (11.1%) | $149,891 (3.2%) | 0.00 | 280 |
2019-12-01 | $125,500 (18.5%) | $156,685 (7.9%) | 0.00 | 148 |
2020-01-01 | $129,000 (21.8%) | $160,466 (12.0%) | 0.00 | 134 |
2020-02-01 | $109,000 (6.9%) | $156,080 (9.2%) | 0.00 | 138 |
2020-03-01 | $99,900 (-3.6%) | $143,867 (2.1%) | 0.00 | 146 |
2020-04-01 | $98,250 (-15.3%) | $139,843 (-1.3%) | 0.00 | 144 |
2020-05-01 | $109,900 (-10.2%) | $146,127 (-0.3%) | 0.00 | 130 |
2020-06-01 | $110,000 (-11.9%) | $150,674 (3.9%) | 0.00 | 106 |
2020-07-01 | $113,500 (-8.1%) | $147,607 (1.5%) | 0.00 | 102 |
2020-08-01 | $119,000 (-3.8%) | $160,350 (13.1%) | 0.00 | 104 |
2020-09-01 | $101,400 (-18.0%) | $151,664 (7.9%) | 0.00 | 104 |
2020-10-01 | $89,900 (-25.1%) | $138,839 (-4.8%) | 0.00 | 115 |
2020-11-01 | $69,950 (-41.7%) | $129,118 (-13.9%) | 0.00 | 124 |
2020-12-01 | $69,950 (-44.3%) | $131,570 (-16.0%) | 0.00 | 111 |
2021-01-01 | $85,000 (-34.1%) | $142,783 (-11.0%) | 0.00 | 100 |
2021-02-01 | $92,400 (-15.2%) | $161,499 (3.5%) | 0.00 | 93 |
2021-03-01 | $105,000 (5.1%) | $167,033 (16.1%) | 0.00 | 86 |
2021-04-01 | $88,500 (-9.9%) | $166,585 (19.1%) | 0.00 | 69 |
2021-05-01 | $99,999 (-9.0%) | $179,357 (22.7%) | 0.00 | 59 |
2021-06-01 | $127,499 (15.9%) | $213,694 (41.8%) | 0.00 | 84 |
2021-07-01 | $129,900 (14.5%) | $219,900 (49.0%) | 0.00 | 86 |
2021-08-01 | $134,950 (13.4%) | $224,451 (40.0%) | 0.00 | 86 |
2021-09-01 | $167,500 (65.2%) | $253,379 (67.1%) | 0.00 | 72 |
2021-10-01 | $159,900 (77.9%) | $275,565 (98.5%) | 0.00 | 63 |
2021-11-01 | $176,500 (152.3%) | $274,827 (112.9%) | 0.00 | 65 |
2021-12-01 | $149,900 (114.3%) | $252,815 (92.2%) | 0.00 | 61 |
2022-01-01 | $145,900 (71.7%) | $255,986 (79.3%) | 0.00 | 54 |
2022-02-01 | $151,500 (64.0%) | $272,960 (69.0%) | 0.00 | 47 |
2022-03-01 | $134,900 (28.5%) | $255,420 (52.9%) | 0.00 | 44 |
2022-04-01 | $119,900 (35.5%) | $222,385 (33.5%) | 0.00 | 60 |
2022-05-01 | $114,900 (14.9%) | $209,688 (16.9%) | 0.00 | 63 |
2022-06-01 | $119,200 (-6.5%) | $202,739 (-5.1%) | 0.00 | 74 |
Centralia's median listing price comes in at 0% of the national average.
Centralia's average listing price for 2022-06-01 was $202,739, a difference of $-10,955 (-5.1%) versus the prior year and $-6,949 versus the prior month.
For the 2022-06-01 period, Centralia had 74 MLS listings, a difference of 11 listings (17%) versus the prior month and -10 listings (-12%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Centralia (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,591 sqft |
2018-02-01 | 0 days | 1,591 sqft |
2018-03-01 | 0 days | 1,539 sqft |
2018-04-01 | 0 days | 1,639 sqft |
2018-05-01 | 0 days | 1,669 sqft |
2018-06-01 | 0 days | 1,644 sqft |
2018-07-01 | 0 days | 1,661 sqft |
2018-08-01 | 0 days | 1,659 sqft |
2018-09-01 | 0 days | 1,680 sqft |
2018-10-01 | 0 days | 1,716 sqft |
2018-11-01 | 0 days | 1,791 sqft |
2018-12-01 | 0 days | 1,770 sqft |
2019-01-01 | 0 days | 1,765 sqft |
2019-02-01 | 0 days | 1,717 sqft |
2019-03-01 | 0 days | 1,708 sqft |
2019-04-01 | 0 days | 1,727 sqft |
2019-05-01 | 0 days | 1,778 sqft |
2019-06-01 | 0 days | 1,800 sqft |
2019-07-01 | 0 days | 1,724 sqft |
2019-08-01 | 0 days | 1,755 sqft |
2019-09-01 | 0 days | 1,805 sqft |
2019-10-01 | 0 days | 1,970 sqft |
2019-11-01 | 0 days | 1,859 sqft |
2019-12-01 | 0 days | 1,769 sqft |
2020-01-01 | 0 days | 1,955 sqft |
2020-02-01 | 0 days | 1,829 sqft |
2020-03-01 | 0 days | 1,716 sqft |
2020-04-01 | 0 days | 1,664 sqft |
2020-05-01 | 0 days | 1,728 sqft |
2020-06-01 | 0 days | 1,723 sqft |
2020-07-01 | 0 days | 1,658 sqft |
2020-08-01 | 0 days | 1,787 sqft |
2020-09-01 | 0 days | 1,668 sqft |
2020-10-01 | 0 days | 1,500 sqft |
2020-11-01 | 0 days | 1,440 sqft |
2020-12-01 | 0 days | 1,442 sqft |
2021-01-01 | 0 days | 1,522 sqft |
2021-02-01 | 0 days | 1,537 sqft |
2021-03-01 | 0 days | 1,599 sqft |
2021-04-01 | 0 days | 1,441 sqft |
2021-05-01 | 0 days | 1,600 sqft |
2021-06-01 | 0 days | 1,949 sqft |
2021-07-01 | 0 days | 1,957 sqft |
2021-08-01 | 0 days | 1,968 sqft |
2021-09-01 | 0 days | 1,946 sqft |
2021-10-01 | 0 days | 1,914 sqft |
2021-11-01 | 0 days | 2,011 sqft |
2021-12-01 | 0 days | 1,747 sqft |
2022-01-01 | 0 days | 1,716 sqft |
2022-02-01 | 0 days | 1,645 sqft |
2022-03-01 | 0 days | 1,510 sqft |
2022-04-01 | 0 days | 1,464 sqft |
2022-05-01 | 0 days | 1,434 sqft |
2022-06-01 | 0 days | 1,482 sqft |
Centralia's median square footage for active listings during the 2022-06-01 period was 1,482 sqft. One year prior, the average listing was 1,949 sqft.