Clarksdale 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 Clarksdale averaged 6.4% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.49% and one month ago for the week of 2024-11-07, the average rate was 6.79%.

    Clarksdale's average rate one year ago was 6.93%.

    For refis of the same type during the week of 2024-12-12, the average rate was 7%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Clarksdale 30 Year Fixed Rate 2024-12-12 6.4%
    Clarksdale 30 Year Fixed Rate Refi 2024-12-12 7%
    Clarksdale 15 Year Fixed Rate 2024-12-12 5.64%
    Clarksdale 15 Year Fixed Rate Refi 2024-12-12 5.74%
    Clarksdale 30 Year FHA 2024-12-12 6.08%
    Clarksdale 30 Year FHA Refi 2024-12-12 6.08%
    Clarksdale 30 Year USDA 2024-12-12 6.4%
    Clarksdale 30 Year USDA Refi 2024-12-12 6.5%
    Clarksdale 30 Year VA 2024-12-12 6.28%
    Clarksdale 30 Year VA Refi 2024-12-12 5.88%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Clarksdale, MS.

    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. Louis
    Date 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
    2024-10-01 $149,500 (65.9%) $639,662 (339.5%) 0.00 27
    2024-11-01 $162,000 (64.5%) $557,600 (279.6%) 0.00 33
    Clarksdale's median listing price for 2024-11-01 was $162,000, a difference of $63,512 (64.5%) versus the prior year and $12,500 versus the prior month.

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

    Clarksdale's average listing price for 2024-11-01 was $557,600, a difference of $410,710 (279.6%) versus the prior year and $-82,062 versus the prior month.

    For the 2024-11-01 period, Clarksdale had 33 MLS listings, a difference of 6 listings (22%) versus the prior month and 4 listings (14%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Clarksdale (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date 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
    2024-10-01 0 days 2,268 sqft
    2024-11-01 0 days 2,160 sqft
    Clarksdale's median listing age (time on market) for 2024-11-01 was 0 days.

    Clarksdale's median square footage for active listings during the 2024-11-01 period was 2,160 sqft. One year prior, the average listing was 1,792 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.