Clarksdale Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Clarksdale averaged
6.42%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.12% and
one month ago for the week of 2024-09-05, the
average rate was 6.45%.
Clarksdale's average rate one year ago was 7.69%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.82%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Clarksdale 30 Year Fixed Rate | 2024-10-10 | 6.42% |
Clarksdale 30 Year Fixed Rate Refi | 2024-10-10 | 6.82% |
Clarksdale 15 Year Fixed Rate | 2024-10-10 | 5.41% |
Clarksdale 15 Year Fixed Rate Refi | 2024-10-10 | 5.91% |
Clarksdale 30 Year FHA | 2024-10-10 | 6.3% |
Clarksdale 30 Year FHA Refi | 2024-10-10 | 6.1% |
Clarksdale 30 Year USDA | 2024-10-10 | 6.28% |
Clarksdale 30 Year USDA Refi | 2024-10-10 | 6.18% |
Clarksdale 30 Year VA | 2024-10-10 | 5.85% |
Clarksdale 30 Year VA Refi | 2024-10-10 | 5.65% |
Clarksdale 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 Clarksdale, MS 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 |
---|---|---|---|
CB&S Bank, Inc. | 3 | 5.67% | $3,241 |
QUICKEN LOANS, LLC | 2 | 6.81% | $4,062 |
BROKER SOLUTIONS, INC. | 1 | 7.63% | $4,766 |
Citizens Bank | 1 | 6.63% | $6,249 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.49% | $2,923 |
FLAT BRANCH MORTGAGE, INC. | 1 | 7.13% | $4,778 |
NAVY FEDERAL CREDIT UNION | 1 | 7.88% | $2,362 |
BancorpSouth | 1 | 5.88% | $7,479 |
UNION HOME MORTGAGE CORP. | 1 | 8.00% | $4,488 |
Baxter Credit Union | 1 | 6.50% | $4,094 |
Clarksdale Average Closing Costs & Other Stats
Clarksdale, MS's 10 lenders originated 125
loans during 2023. The total origination value was $13,955,000, with an average loan value of
$111,640.
Clarksdale's average closing costs are $4,272.
The top Clarksdale lender as defined by loan originations is CB&S Bank, Inc., with
3 loans originated. Their average total fees are
$3,241, which is $821
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Clarksdale lenders (with over 10 loans originated) are
.
The lowest rate Clarksdale lenders (with over 10 loans originated) are
.
Clarksdale, MS 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 |
---|---|---|---|---|
CB&S Bank, Inc. | $2,380,000 | $2,525,000 | 6.1% | 18.1% |
Southern Bancorp Bank | $575,000 | $1,490,000 | 159.1% | 10.7% |
Southern Bank | $1,305,000 | n/a | 9.4% | |
BancorpSouth | $55,000 | $620,000 | 1,027.3% | 4.4% |
QUICKEN LOANS, LLC | $1,415,000 | $545,000 | -61.5% | 3.9% |
21ST MORTGAGE CORPORATION | $295,000 | $530,000 | 79.7% | 3.8% |
Community Bank of Mississippi | $895,000 | $495,000 | -44.7% | 3.5% |
Citizens Bank | $615,000 | $480,000 | -22.0% | 3.4% |
CMG MORTGAGE, INC. | $445,000 | n/a | 3.2% | |
Regions Bank | $1,360,000 | $390,000 | -71.3% | 2.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,550,000 | $365,000 | -76.5% | 2.6% |
CROSSCOUNTRY MORTGAGE, LLC | $65,000 | $290,000 | 346.2% | 2.1% |
Planters Bank & Trust Company | $640,000 | $260,000 | -59.4% | 1.9% |
CALCON MUTUAL MORTGAGE LLC | $255,000 | n/a | 1.8% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $300,000 | $240,000 | -20.0% | 1.7% |
FLAT BRANCH MORTGAGE, INC. | $235,000 | n/a | 1.7% | |
Guaranty Bank and Trust Company | $1,065,000 | $235,000 | -77.9% | 1.7% |
SWBC MORTGAGE CORPORATION | $195,000 | n/a | 1.4% | |
First Security Bank | $80,000 | $190,000 | 137.5% | 1.4% |
Renasant Bank | $550,000 | $170,000 | -69.1% | 1.2% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $165,000 | n/a | 1.2% | |
Nations Lending Corporation | $165,000 | n/a | 1.2% | |
THRIVE MORTGAGE, LLC | $165,000 | n/a | 1.2% | |
UNION HOME MORTGAGE CORP. | $165,000 | n/a | 1.2% | |
TRIAD FINANCIAL SERVICES, INC. | $105,000 | $155,000 | 47.6% | 1.1% |
Trustmark National Bank | $120,000 | $145,000 | 20.8% | 1.0% |
Baxter Credit Union | $125,000 | n/a | 0.9% | |
PriorityOne Bank | $125,000 | n/a | 0.9% | |
BROKER SOLUTIONS, INC. | $115,000 | n/a | 0.8% | |
Barrington Bank & Trust Company, N.A. | $75,000 | $105,000 | 40.0% | 0.8% |
RED RIVER EMPLOYEES | $145,000 | $100,000 | -31.0% | 0.7% |
ROYAL UNITED MORTGAGE LLC | $65,000 | $100,000 | 53.8% | 0.7% |
MidFirst Bank | $85,000 | n/a | 0.6% | |
NAVY FEDERAL CREDIT UNION | $330,000 | $85,000 | -74.2% | 0.6% |
Paramount Residential Mortgage Group, Inc. | $85,000 | n/a | 0.6% | |
SOUTHWEST STAGE FUNDING, LLC | $135,000 | $85,000 | -37.0% | 0.6% |
STOCKTON MORTGAGE CORPORATION | $85,000 | $85,000 | 0.0% | 0.6% |
United Community Bank | $85,000 | n/a | 0.6% | |
BAYSHORE MORTGAGE FUNDING, LLC | $75,000 | n/a | 0.5% | |
BankPlus | $65,000 | n/a | 0.5% | |
FIRST COMMUNITY MORTGAGE, INC. | $255,000 | $65,000 | -74.5% | 0.5% |
Liberty Bank and Trust Company | $65,000 | n/a | 0.5% | |
RELIANCE FIRST CAPITAL, LLC | $65,000 | n/a | 0.5% | |
BARKSDALE | $55,000 | n/a | 0.4% | |
NEWREZ LLC | $55,000 | n/a | 0.4% | |
PENNYMAC LOAN SERVICES, LLC | $75,000 | $55,000 | -26.7% | 0.4% |
SUMMIT FUNDING, INC. | $55,000 | n/a | 0.4% |
Clarksdale's top lender by overall market share is CB&S Bank, Inc., with 18.1% market share. In second place, with 10.7%, is Southern Bancorp Bank, having originated $1,490,000 in loans. In third place, with 9.4%, is Southern Bank, having originated $1,305,000 in loans. In fourth place, with 4.4%, is BancorpSouth, having originated $620,000 in loans. In fifth place, with 3.9%, is QUICKEN LOANS, LLC, having originated $545,000 in loans.
Clarksdale Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Clarksdale (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 | $94,000 (-9.2%) | $145,052 (6.4%) | 0.00 | 42 |
2018-02-01 | $88,000 (-9.0%) | $132,839 (1.7%) | 0.00 | 48 |
2018-03-01 | $80,000 (-8.0%) | $128,665 (1.5%) | 0.00 | 47 |
2018-04-01 | $79,500 (8.9%) | $133,788 (19.2%) | 0.00 | 42 |
2018-05-01 | $80,000 (9.6%) | $147,589 (35.9%) | 0.00 | 41 |
2018-06-01 | $99,000 (14.1%) | $162,454 (32.5%) | 0.00 | 39 |
2018-07-01 | $82,500 (-7.6%) | $158,875 (24.6%) | 0.00 | 41 |
2018-08-01 | $87,125 (2.8%) | $170,653 (17.2%) | 0.00 | 37 |
2018-09-01 | $112,950 (6.3%) | $171,067 (5.0%) | 0.00 | 40 |
2018-10-01 | $130,500 (31.8%) | $178,688 (14.9%) | 0.00 | 37 |
2018-11-01 | $131,000 (34.2%) | $163,000 (13.3%) | 0.00 | 35 |
2018-12-01 | $129,950 (31.3%) | $156,988 (8.2%) | 0.00 | 36 |
2019-01-01 | $140,000 (48.9%) | $163,199 (12.5%) | 0.00 | 39 |
2019-02-01 | $121,700 (38.3%) | $150,085 (13.0%) | 0.00 | 45 |
2019-03-01 | $125,807 (57.3%) | $152,167 (18.3%) | 0.00 | 46 |
2019-04-01 | $129,807 (63.3%) | $150,122 (12.2%) | 0.00 | 46 |
2019-05-01 | $99,750 (24.7%) | $143,307 (-2.9%) | 0.00 | 47 |
2019-06-01 | $96,000 (-3.0%) | $129,427 (-20.3%) | 0.00 | 56 |
2019-07-01 | $128,450 (55.7%) | $151,243 (-4.8%) | 0.00 | 45 |
2019-08-01 | $120,882 (38.8%) | $142,768 (-16.3%) | 0.00 | 47 |
2019-09-01 | $99,855 (-11.6%) | $129,872 (-24.1%) | 0.00 | 50 |
2019-10-01 | $84,500 (-35.3%) | $121,546 (-32.0%) | 0.00 | 50 |
2019-11-01 | $88,000 (-32.8%) | $128,058 (-21.4%) | 0.00 | 46 |
2019-12-01 | $84,875 (-34.7%) | $124,352 (-20.8%) | 0.00 | 43 |
2020-01-01 | $86,000 (-38.6%) | $128,320 (-21.4%) | 0.00 | 47 |
2020-02-01 | $88,500 (-27.3%) | $134,640 (-10.3%) | 0.00 | 40 |
2020-03-01 | $128,725 (2.3%) | $147,146 (-3.3%) | 0.00 | 40 |
2020-04-01 | $117,000 (-9.9%) | $138,602 (-7.7%) | 0.00 | 43 |
2020-05-01 | $78,000 (-21.8%) | $131,131 (-8.5%) | 0.00 | 42 |
2020-06-01 | $85,750 (-10.7%) | $137,548 (6.3%) | 0.00 | 38 |
2020-07-01 | $95,389 (-25.7%) | $144,480 (-4.5%) | 0.00 | 31 |
2020-08-01 | $89,000 (-26.4%) | $146,424 (2.6%) | 0.00 | 30 |
2020-09-01 | $147,500 (47.7%) | $176,362 (35.8%) | 0.00 | 32 |
2020-10-01 | $160,000 (89.4%) | $176,582 (45.3%) | 0.00 | 31 |
2020-11-01 | $125,000 (42.1%) | $155,036 (21.1%) | 0.00 | 30 |
2020-12-01 | $160,500 (89.1%) | $165,099 (32.8%) | 0.00 | 23 |
2021-01-01 | $150,000 (74.4%) | $166,189 (29.5%) | 0.00 | 21 |
2021-02-01 | $139,995 (58.2%) | $162,700 (20.8%) | 0.00 | 25 |
2021-03-01 | $127,448 (-1.0%) | $160,764 (9.3%) | 0.00 | 24 |
2021-04-01 | $152,225 (30.1%) | $176,789 (27.6%) | 0.00 | 21 |
2021-05-01 | $215,000 (175.6%) | $197,983 (51.0%) | 0.00 | 16 |
2021-06-01 | $202,450 (136.1%) | $183,100 (33.1%) | 0.00 | 13 |
2021-07-01 | $189,900 (99.1%) | $169,623 (17.4%) | 0.00 | 13 |
2021-08-01 | $94,950 (6.7%) | $153,545 (4.9%) | 0.00 | 15 |
2021-09-01 | $92,475 (-37.3%) | $134,753 (-23.6%) | 0.00 | 14 |
2021-10-01 | $81,500 (-49.1%) | $126,072 (-28.6%) | 0.00 | 19 |
2021-11-01 | $89,625 (-28.3%) | $122,703 (-20.9%) | 0.00 | 23 |
2021-12-01 | $75,500 (-53.0%) | $110,483 (-33.1%) | 0.00 | 20 |
2022-01-01 | $80,000 (-46.7%) | $112,784 (-32.1%) | 0.00 | 16 |
2022-02-01 | $119,250 (-14.8%) | $142,083 (-12.7%) | 0.00 | 15 |
2022-03-01 | $109,000 (-14.5%) | $134,029 (-16.6%) | 0.00 | 19 |
2022-04-01 | $94,500 (-37.9%) | $127,430 (-27.9%) | 0.00 | 17 |
2022-05-01 | $107,750 (-49.9%) | $126,909 (-35.9%) | 0.00 | 16 |
2022-06-01 | $92,750 (-54.2%) | $125,746 (-31.3%) | 0.00 | 13 |
2022-07-01 | $115,000 (-39.4%) | $171,024 (0.8%) | 0.00 | 19 |
2022-08-01 | $113,675 (19.7%) | $159,473 (3.9%) | 0.00 | 22 |
2022-09-01 | $105,125 (13.7%) | $154,440 (14.6%) | 0.00 | 22 |
2022-10-01 | $100,500 (23.3%) | $153,044 (21.4%) | 0.00 | 24 |
2022-11-01 | $47,000 (-47.6%) | $105,113 (-14.3%) | 0.00 | 34 |
2022-12-01 | $49,000 (-35.1%) | $95,434 (-13.6%) | 0.00 | 34 |
2023-01-01 | $54,900 (-31.4%) | $97,993 (-13.1%) | 0.00 | 37 |
2023-02-01 | $54,450 (-54.3%) | $126,974 (-10.6%) | 0.00 | 39 |
2023-03-01 | $59,875 (-45.1%) | $119,629 (-10.7%) | 0.00 | 29 |
2023-04-01 | $55,000 (-41.8%) | $124,108 (-2.6%) | 0.00 | 26 |
2023-05-01 | $148,725 (38.0%) | $146,745 (15.6%) | 0.00 | 19 |
2023-06-01 | $160,000 (72.5%) | $158,841 (26.3%) | 0.00 | 21 |
2023-07-01 | $129,900 (13.0%) | $138,350 (-19.1%) | 0.00 | 22 |
2023-08-01 | $86,000 (-24.4%) | $140,738 (-11.8%) | 0.00 | 21 |
2023-09-01 | $84,000 (-20.1%) | $140,897 (-8.8%) | 0.00 | 27 |
2023-10-01 | $90,113 (-10.3%) | $145,545 (-4.9%) | 0.00 | 29 |
2023-11-01 | $98,488 (109.6%) | $146,890 (39.7%) | 0.00 | 29 |
2023-12-01 | $112,500 (129.6%) | $174,217 (82.6%) | 0.00 | 29 |
2024-01-01 | $112,475 (104.9%) | $179,991 (83.7%) | 0.00 | 27 |
2024-02-01 | $92,475 (69.8%) | $191,720 (51.0%) | 0.00 | 27 |
2024-03-01 | $85,000 (42.0%) | $590,746 (393.8%) | 0.00 | 26 |
2024-04-01 | $89,950 (63.6%) | $623,519 (402.4%) | 0.00 | 27 |
2024-05-01 | $82,475 (-44.6%) | $519,534 (254.0%) | 0.00 | 34 |
2024-06-01 | $99,350 (-37.9%) | $501,349 (215.6%) | 0.00 | 35 |
2024-07-01 | $155,575 (19.8%) | $667,391 (382.4%) | 0.00 | 24 |
2024-08-01 | $139,900 (62.7%) | $587,700 (317.6%) | 0.00 | 28 |
2024-09-01 | $149,500 (78.0%) | $638,304 (353.0%) | 0.00 | 26 |
Clarksdale's median listing price comes in at 0% of the national average.
Clarksdale's average listing price for 2024-09-01 was $638,304, a difference of $497,407 (353.0%) versus the prior year and $50,604 versus the prior month.
For the 2024-09-01 period, Clarksdale had 26 MLS listings, a difference of -2 listings (-7%) versus the prior month and -1 listings (-4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Clarksdale (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,484 sqft |
2018-02-01 | 0 days | 2,181 sqft |
2018-03-01 | 0 days | 2,021 sqft |
2018-04-01 | 0 days | 1,834 sqft |
2018-05-01 | 0 days | 1,846 sqft |
2018-06-01 | 0 days | 2,165 sqft |
2018-07-01 | 0 days | 2,071 sqft |
2018-08-01 | 0 days | 2,071 sqft |
2018-09-01 | 0 days | 2,100 sqft |
2018-10-01 | 0 days | 2,166 sqft |
2018-11-01 | 0 days | 2,200 sqft |
2018-12-01 | 0 days | 2,163 sqft |
2019-01-01 | 0 days | 2,159 sqft |
2019-02-01 | 0 days | 2,166 sqft |
2019-03-01 | 0 days | 2,357 sqft |
2019-04-01 | 0 days | 2,508 sqft |
2019-05-01 | 0 days | 2,491 sqft |
2019-06-01 | 0 days | 2,446 sqft |
2019-07-01 | 0 days | 2,473 sqft |
2019-08-01 | 0 days | 2,326 sqft |
2019-09-01 | 0 days | 2,179 sqft |
2019-10-01 | 0 days | 2,065 sqft |
2019-11-01 | 0 days | 2,424 sqft |
2019-12-01 | 0 days | 2,318 sqft |
2020-01-01 | 0 days | 2,309 sqft |
2020-02-01 | 0 days | 2,316 sqft |
2020-03-01 | 0 days | 2,370 sqft |
2020-04-01 | 0 days | 2,534 sqft |
2020-05-01 | 0 days | 2,424 sqft |
2020-06-01 | 0 days | 2,361 sqft |
2020-07-01 | 0 days | 2,309 sqft |
2020-08-01 | 0 days | 2,408 sqft |
2020-09-01 | 0 days | 2,678 sqft |
2020-10-01 | 0 days | 2,676 sqft |
2020-11-01 | 0 days | 2,457 sqft |
2020-12-01 | 0 days | 2,654 sqft |
2021-01-01 | 0 days | 2,584 sqft |
2021-02-01 | 0 days | 2,557 sqft |
2021-03-01 | 0 days | 2,524 sqft |
2021-04-01 | 0 days | 2,584 sqft |
2021-05-01 | 0 days | 2,854 sqft |
2021-06-01 | 0 days | 2,962 sqft |
2021-07-01 | 0 days | 2,295 sqft |
2021-08-01 | 0 days | 1,893 sqft |
2021-09-01 | 0 days | 1,786 sqft |
2021-10-01 | 0 days | 1,745 sqft |
2021-11-01 | 0 days | 1,745 sqft |
2021-12-01 | 0 days | 1,643 sqft |
2022-01-01 | 0 days | 1,624 sqft |
2022-02-01 | 0 days | 1,654 sqft |
2022-03-01 | 0 days | 1,859 sqft |
2022-04-01 | 0 days | 1,821 sqft |
2022-05-01 | 0 days | 1,900 sqft |
2022-06-01 | 0 days | 1,853 sqft |
2022-07-01 | 0 days | 2,599 sqft |
2022-08-01 | 0 days | 1,922 sqft |
2022-09-01 | 0 days | 1,835 sqft |
2022-10-01 | 0 days | 1,863 sqft |
2022-11-01 | 0 days | 1,474 sqft |
2022-12-01 | 0 days | 1,437 sqft |
2023-01-01 | 0 days | 1,474 sqft |
2023-02-01 | 0 days | 1,478 sqft |
2023-03-01 | 0 days | 1,538 sqft |
2023-04-01 | 0 days | 1,557 sqft |
2023-05-01 | 0 days | 1,854 sqft |
2023-06-01 | 0 days | 2,108 sqft |
2023-07-01 | 0 days | 2,061 sqft |
2023-08-01 | 0 days | 1,792 sqft |
2023-09-01 | 0 days | 1,777 sqft |
2023-10-01 | 0 days | 1,792 sqft |
2023-11-01 | 0 days | 1,792 sqft |
2023-12-01 | 0 days | 1,846 sqft |
2024-01-01 | 0 days | 1,928 sqft |
2024-02-01 | 0 days | 1,902 sqft |
2024-03-01 | 0 days | 1,930 sqft |
2024-04-01 | 0 days | 2,053 sqft |
2024-05-01 | 0 days | 2,102 sqft |
2024-06-01 | 0 days | 2,165 sqft |
2024-07-01 | 0 days | 2,562 sqft |
2024-08-01 | 0 days | 2,070 sqft |
2024-09-01 | 0 days | 2,313 sqft |
Clarksdale's median square footage for active listings during the 2024-09-01 period was 2,313 sqft. One year prior, the average listing was 1,777 sqft.
Clarksdale, MS Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 66 | $9,590,000 | $145,303 |
Refi | 32 | $2,750,000 | $85,938 |
Home Improvement | 10 | $540,000 | $54,000 |
Other | 9 | $455,000 | $50,556 |
Cash Out Refi | 8 | $620,000 | $77,500 |
Clarksdale's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 32 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
7-8% | 32 | $3,080,000 | $96,250 |
Over 8% | 31 | $2,935,000 | $94,677 |
6-7% | 28 | $4,470,000 | $159,643 |
5-6% | 11 | $2,245,000 | $204,091 |
<2.5% | 2 | $10,000 | $5,000 |
2.5-3% | 1 | $45,000 | $45,000 |
During 2023, Clarksdale's most frequently originated rate bucket was 7-8%, with 32 originations.
Loan Sizing (Clarksdale, MS MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 82 | $4,150,000 | $50,610 |
$100k-200k | 29 | $4,175,000 | $143,966 |
$200k-400k | 10 | $2,580,000 | $258,000 |
$400k-600k | 2 | $1,040,000 | $520,000 |
$600k-1000k | 1 | $705,000 | $705,000 |
$Over $1MM | 1 | $1,305,000 | $1,305,000 |
Clarksdale's loan sizing saw the bucket of loans from $100,000 or less with 82 originations, totaling $4,150,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 57 | $7,175,000 | $125,877 |
40-60% | 17 | $1,845,000 | $108,529 |
60-80% | 17 | $2,625,000 | $154,412 |
20-40% | 8 | $730,000 | $91,250 |
Under 20% | 7 | $335,000 | $47,857 |
Clarksdale's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 57 originations, totaling $7,175,000 in origination value.