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 6.82% for the week of 2025-04-10, compared to the national average of 6.62% for the same period.

    The average rate for the prior week (2025-04-03) was 6.44% and one month ago for the week of 2025-03-06, the average rate was 6.83%.

    Clarksdale's average rate one year ago was 6.92%.

    For refis of the same type during the week of 2025-04-10, the average rate was 7.22%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-10 6.62%
    Clarksdale 30 Year Fixed Rate 2025-04-10 6.82%
    Clarksdale 30 Year Fixed Rate Refi 2025-04-10 7.22%
    Clarksdale 15 Year Fixed Rate 2025-04-10 5.72%
    Clarksdale 15 Year Fixed Rate Refi 2025-04-10 6.32%
    Clarksdale 30 Year FHA 2025-04-10 6.33%
    Clarksdale 30 Year FHA Refi 2025-04-10 6.53%
    Clarksdale 30 Year USDA 2025-04-10 6.55%
    Clarksdale 30 Year USDA Refi 2025-04-10 6.35%
    Clarksdale 30 Year VA 2025-04-10 6.19%
    Clarksdale 30 Year VA Refi 2025-04-10 6.19%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 4 7.03% $6,844
    EVANSVILLE TEACHERS 1 7.63% $3,222
    Evolve Bank & Trust 1 7.38% $2,874
    GUILD MORTGAGE COMPANY 1 6.49% $5,167
    Hancock Whitney Bank 1 7.00% $4,038
    Magnolia Bank 1 6.38% $3,930
    Renasant Bank 1 6.99% $4,726
    ROYAL UNITED MORTGAGE LLC 1 7.38% $4,384
    Simmons Bank 1 7.13% $5,958
    SOUTHWEST FUNDING, LP 1 6.50% $4,777
    CB&S Bank, Inc. 1 7.14% $873
    UNION HOME MORTGAGE CORP. 1 6.00% $6,859

    Clarksdale Average Closing Costs & Other Stats

    Clarksdale, MS's 12 lenders originated 98 loans during 2024. The total origination value was $12,400,000, with an average loan value of $126,531.

    Clarksdale's average closing costs are $4,468.

    The top Clarksdale lender as defined by loan originations is QUICKEN LOANS, LLC, with 4 loans originated. Their average total fees are $6,844, which is $3,622 higher than the next largest lender, EVANSVILLE TEACHERS.

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    CB&S Bank, Inc. $2,525,000 $1,665,000 -34.1% 13.4%
    QUICKEN LOANS, LLC $545,000 $1,225,000 124.8% 9.9%
    BancorpSouth $620,000 $730,000 17.7% 5.9%
    Mortgage Research Center, LLC $675,000 n/a 5.4%
    Regions Bank $390,000 $580,000 48.7% 4.7%
    UNION HOME MORTGAGE CORP. $165,000 $580,000 251.5% 4.7%
    Renasant Bank $170,000 $565,000 232.4% 4.6%
    Simmons Bank $475,000 n/a 3.8%
    A&D Mortgage LLC $440,000 n/a 3.5%
    Planters Bank & Trust Company $260,000 $435,000 67.3% 3.5%
    21ST MORTGAGE CORPORATION $530,000 $370,000 -30.2% 3.0%
    RED RIVER EMPLOYEES $100,000 $360,000 260.0% 2.9%
    Guaranty Bank and Trust Company $235,000 $325,000 38.3% 2.6%
    GUILD MORTGAGE COMPANY $315,000 n/a 2.5%
    TRIAD FINANCIAL SERVICES, INC. $155,000 $290,000 87.1% 2.3%
    BROKER SOLUTIONS, INC. $115,000 $275,000 139.1% 2.2%
    COMMUNITY MORTGAGE CORPORATION $225,000 n/a 1.8%
    ACOPIA, LLC $220,000 n/a 1.8%
    GENEVA FINANCIAL, LLC $185,000 n/a 1.5%
    Hancock Whitney Bank $185,000 n/a 1.5%
    Hometown Equity Mortgage, LLC $185,000 n/a 1.5%
    NAVY FEDERAL CREDIT UNION $85,000 $185,000 117.6% 1.5%
    NEW DAY FINANCIAL, LLC $175,000 n/a 1.4%
    Evolve Bank & Trust $155,000 n/a 1.3%
    CROSSCOUNTRY MORTGAGE, LLC $290,000 $145,000 -50.0% 1.2%
    Baxter Credit Union $125,000 $130,000 4.0% 1.0%
    Magnolia Bank $125,000 n/a 1.0%
    MID AMERICA MORTGAGE, INC. $120,000 n/a 1.0%
    SOUTHWEST FUNDING, LP $85,000 n/a 0.7%
    Southern Bancorp Bank $1,490,000 $75,000 -95.0% 0.6%
    AMERISAVE MORTGAGE CORPORATION $65,000 n/a 0.5%
    Bank of America $65,000 n/a 0.5%
    CIS Financial Services, Inc. $65,000 n/a 0.5%
    Pinnacle Bank $65,000 n/a 0.5%
    First Security Bank $190,000 $60,000 -68.4% 0.5%
    Coastal Community Bank $45,000 n/a 0.4%
    EVANSVILLE TEACHERS $45,000 n/a 0.4%
    ROYAL UNITED MORTGAGE LLC $100,000 $45,000 -55.0% 0.4%
    UNITED WHOLESALE MORTGAGE, LLC $45,000 n/a 0.4%
    Trustmark National Bank $145,000 $35,000 -75.9% 0.3%

    Clarksdale's top lender by overall market share is CB&S Bank, Inc., with 13.4% market share. In second place, with 9.9%, is QUICKEN LOANS, LLC, having originated $1,225,000 in loans. In third place, with 5.9%, is BancorpSouth, having originated $730,000 in loans. In fourth place, with 5.4%, is Mortgage Research Center, LLC, having originated $675,000 in loans. In fifth place, with 4.7%, is Regions Bank, having originated $580,000 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 (6.0%) $133,788 (15.7%) 0.00 42
    2018-05-01 $80,000 (8.8%) $147,589 (32.2%) 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 $92,475 (-37.8%) $519,534 (254.0%) 0.00 34
    2024-06-01 $99,350 (-37.9%) $494,703 (211.5%) 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
    2024-12-01 $149,500 (32.9%) $596,017 (242.1%) 0.00 31
    2025-01-01 $137,000 (21.8%) $583,858 (224.4%) 0.00 30
    2025-02-01 $143,500 (55.2%) $614,461 (220.5%) 0.00 29
    2025-03-01 $159,650 (87.8%) $274,656 (-53.5%) 0.00 29
    Clarksdale's median listing price for 2025-03-01 was $159,650, a difference of $74,650 (87.8%) versus the prior year and $16,150 versus the prior month.

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

    Clarksdale's average listing price for 2025-03-01 was $274,656, a difference of $-316,090 (-53.5%) versus the prior year and $-339,805 versus the prior month.

    For the 2025-03-01 period, Clarksdale had 29 MLS listings, a difference of 0 listings (0%) versus the prior month and 3 listings (12%) 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 2,362 sqft
    2019-04-01 0 days 2,554 sqft
    2019-05-01 0 days 2,552 sqft
    2019-06-01 0 days 2,435 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 1,954 sqft
    2024-04-01 0 days 2,111 sqft
    2024-05-01 0 days 2,148 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
    2024-12-01 0 days 2,181 sqft
    2025-01-01 0 days 2,250 sqft
    2025-02-01 0 days 2,256 sqft
    2025-03-01 0 days 2,181 sqft
    Clarksdale's median listing age (time on market) for 2025-03-01 was 0 days.

    Clarksdale's median square footage for active listings during the 2025-03-01 period was 2,181 sqft. One year prior, the average listing was 1,954 sqft.

    Clarksdale, MS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 57 $7,965,000 $139,737
    Cash Out Refi 14 $1,810,000 $129,286
    Refi 10 $920,000 $92,000
    Home Improvement 9 $365,000 $40,556
    Other 8 $1,340,000 $167,500

    Clarksdale's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 25 $3,735,000 $149,400
    Over 8% 24 $2,920,000 $121,667
    7-8% 20 $3,000,000 $150,000
    5-6% 10 $1,750,000 $175,000
    <2.5% 3 $15,000 $5,000
    4-5% 2 $110,000 $55,000

    During 2024, Clarksdale's most frequently originated rate bucket was 6-7%, with 25 originations.

    Loan Sizing (Clarksdale, MS MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 52 $2,580,000 $49,615
    $100k-200k 26 $3,830,000 $147,308
    $200k-400k 17 $4,335,000 $255,000
    $400k-600k 2 $1,020,000 $510,000
    $600k-1000k 1 $635,000 $635,000

    Clarksdale's loan sizing saw the bucket of loans from $100,000 or less with 52 originations, totaling $2,580,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 35 $5,825,000 $166,429
    60-80% 26 $3,750,000 $144,231
    40-60% 8 $810,000 $101,250
    20-40% 6 $290,000 $48,333
    Under 20% 6 $90,000 $15,000
    Over 100% 2 $420,000 $210,000

    Clarksdale's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 35 originations, totaling $5,825,000 in origination value.