Clarksdale Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Clarksdale averaged 5.55% 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 5.66% and one month ago for the week of 2022-05-26, the average rate was 4.95%.

Clarksdale's average rate one year ago was 3.38%.

For refis of the same type during the week of 2022-06-30, the average rate was 6.04%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Clarksdale 30 Year Fixed Rate 2022-06-30 5.55%
Clarksdale 30 Year Fixed Rate Refi 2022-06-30 6.04%
Clarksdale 15 Year Fixed Rate 2022-06-30 5.62%
Clarksdale 15 Year Fixed Rate Refi 2022-06-30 5.3%
Clarksdale 30 Year FHA 2022-06-30 5.89%
Clarksdale 30 Year FHA Refi 2022-06-30 5.64%
Clarksdale 30 Year USDA 2022-06-30 6.14%
Clarksdale 30 Year VA 2022-06-30 5.56%
Clarksdale 30 Year VA Refi 2022-06-30 5.74%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CB&S Bank, Inc. 7 3.59% $2,714
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.25% $5,796
Regions Bank 2 3.25% $2,677
LOANDEPOT.COM, LLC 2 2.87% $4,061
Wells Fargo Bank 2 3.44% $2,904
Hamilton Mortgage Corporation 1 3.25% $3,052
BancorpSouth Bank 1 3.13% $3,360
MOVEMENT MORTGAGE, LLC 1 2.99% $3,540
Mr. Cooper ( Nationstar Mortgage ) 1 3.50% $4,726
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.88% $3,426
QUICKEN LOANS, LLC 1 3.50% $3,408
Reliant Bank 1 7.69% $3,873
Renasant Bank 1 4.13% $2,768
Trustmark National Bank 1 3.25% $2,636
MORTGAGE INVESTORS GROUP, INC. 1 4.25% $185
Baxter Credit Union 1 3.00% $3,455
BETTER MORTGAGE CORPORATION 1 2.88% $1,952
Citizens Bank 1 3.00% $3,213
COMMUNITY MORTGAGE CORPORATION 1 4.13% $3,440

Clarksdale, MS's 19 lenders originated 186 loans during 2021. The total origination value was $23,500,000, with an average loan value of $126,344.

The top Clarksdale lender as defined by loan originations is CB&S Bank, Inc., with 7 loans originated. Their average total fees are $2,714, which is $3,082 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Clarksdale lenders (with over 10 loans originated) are .

The lowest rate Clarksdale lenders (with over 10 loans originated) are .

Clarksdale, MS 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
CB&S Bank, Inc. $4,685,000 $3,710,000 -20.8% 15.8%
QUICKEN LOANS, LLC $2,145,000 $2,275,000 6.1% 9.7%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,150,000 $2,100,000 82.6% 8.9%
Regions Bank $445,000 $1,440,000 223.6% 6.1%
Planters Bank & Trust Company $675,000 $1,325,000 96.3% 5.6%
PriorityOne Bank $1,770,000 $1,230,000 -30.5% 5.2%
LOANDEPOT.COM, LLC $135,000 $850,000 529.6% 3.6%
Trustmark National Bank $290,000 $795,000 174.1% 3.4%
BancorpSouth Bank $960,000 $525,000 -45.3% 2.2%
Citizens Bank $650,000 $415,000 -36.2% 1.8%
Wells Fargo Bank $85,000 $405,000 376.5% 1.7%
Mortgage Research Center, LLC $345,000 $390,000 13.0% 1.7%
Mr. Cooper ( Nationstar Mortgage ) $215,000 $380,000 76.7% 1.6%
Hamilton Mortgage Corporation $370,000 n/a 1.6%
Nations Lending Corporation $125,000 $365,000 192.0% 1.6%
USAA Federal Savings Bank $365,000 n/a 1.6%
Baxter Credit Union $345,000 n/a 1.5%
FREEDOM MORTGAGE CORPORATION $395,000 $340,000 -13.9% 1.4%
Southern Bancorp Bank $840,000 $340,000 -59.5% 1.4%
FINANCE OF AMERICA COMMERCIAL LLC $320,000 n/a 1.4%
Triumph Bank $305,000 n/a 1.3%
RED RIVER EMPLOYEES $40,000 $280,000 600.0% 1.2%
COMMUNITY MORTGAGE CORPORATION $340,000 $275,000 -19.1% 1.2%
Renasant Bank $375,000 $275,000 -26.7% 1.2%
United Bank $265,000 n/a 1.1%
BNC National Bank $245,000 n/a 1.0%
BETTER MORTGAGE CORPORATION $225,000 n/a 1.0%
Paragon Bank $225,000 n/a 1.0%
NEWREZ LLC $275,000 $220,000 -20.0% 0.9%
U.S. Bank $205,000 n/a 0.9%
ACCELERATE MORTGAGE, LLC $195,000 n/a 0.8%
MOVEMENT MORTGAGE, LLC $175,000 n/a 0.7%
CRESCENT MORTGAGE COMPANY $270,000 $160,000 -40.7% 0.7%
MORTGAGE INVESTORS GROUP, INC. $160,000 n/a 0.7%
PRIMARY RESIDENTIAL MORTGAGE, INC. $200,000 $155,000 -22.5% 0.7%
AMERISAVE MORTGAGE CORPORATION $145,000 n/a 0.6%
FIRST COMMUNITY MORTGAGE, INC. $145,000 n/a 0.6%
SOUTHWEST STAGE FUNDING, LLC $115,000 $125,000 8.7% 0.5%
SUPERIOR CHOICE $165,000 $125,000 -24.2% 0.5%
Eagle Bank and Trust Company $115,000 n/a 0.5%
EVERETT FINANCIAL, INC. $320,000 $115,000 -64.1% 0.5%
First Security Bank $55,000 $115,000 109.1% 0.5%
HOME POINT FINANCIAL CORPORATION $115,000 n/a 0.5%
MUTUAL OF OMAHA MORTGAGE, INC. $115,000 n/a 0.5%
VANDERBILT MORTGAGE AND FINANCE, INC. $65,000 $105,000 61.5% 0.4%
Reliant Bank $95,000 n/a 0.4%
CSL Financial, LLC $85,000 n/a 0.4%
Guaranty Bank and Trust Company $470,000 $85,000 -81.9% 0.4%
NAVY FEDERAL CREDIT UNION $75,000 n/a 0.3%
Strong Home Mortgage, LLC $75,000 n/a 0.3%
FirstBank $105,000 $65,000 -38.1% 0.3%
JPMorgan Chase Bank $65,000 $45,000 -30.8% 0.2%
PENNYMAC LOAN SERVICES, LLC $45,000 n/a 0.2%
Carrington Mortgage Services, LLC $35,000 n/a 0.1%
AMERICAN ADVISORS GROUP $25,000 n/a 0.1%

Clarksdale's top lender by overall market share is CB&S Bank, Inc., with 15.8% market share. In second place, with 9.7%, is QUICKEN LOANS, LLC, having originated $2,275,000 in loans. In third place, with 8.9%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $2,100,000 in loans. In third place, with 6.1%, is Regions Bank, having originated $1,440,000 in loans. In third place, with 5.6%, is Planters Bank & Trust Company, having originated $1,325,000 in loans.


Clarksdale, MS Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 88 $10,110,000 $114,886
Refi 60 $8,510,000 $141,833
Cash Out Refi 29 $4,095,000 $141,207
Home Improvement 5 $495,000 $99,000
Other 4 $290,000 $72,500

Clarksdale's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Refi, with 60 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 48 $6,130,000 $127,708
<2.5% 46 $6,290,000 $136,739
2.5-3% 43 $7,165,000 $166,628
4-5% 16 $1,690,000 $105,625
5-6% 10 $470,000 $47,000
6-7% 5 $285,000 $57,000
7-8% 4 $290,000 $72,500
Over 8% 4 $470,000 $117,500

During 2021, Clarksdale's most frequently originated rate bucket was 3-4%, with 48 originations.

Loan Sizing (Clarksdale, MS MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 89 $5,035,000 $56,573
$100k-200k 64 $9,150,000 $142,969
$200k-400k 31 $8,275,000 $266,935
$400k-600k 2 $1,040,000 $520,000

Clarksdale's loan sizing saw the bucket of loans from $100,000 or less with 89 originations, totaling $5,035,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 81 $10,055,000 $124,136
60-80% 59 $8,205,000 $139,068
40-60% 19 $3,125,000 $164,474
Under 20% 10 $210,000 $21,000
20-40% 6 $420,000 $70,000
Over 100% 2 $370,000 $185,000

Clarksdale's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 81 originations, totaling $10,055,000 in origination value.


Market Conditions (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 $99,000 (-2.9%) $147,634 (11.3%) 0.00 38
2018-02-01 $87,000 (-8.4%) $127,154 (-0.6%) 0.00 43
2018-03-01 $80,000 (-10.6%) $121,068 (-9.1%) 0.00 43
2018-04-01 $79,500 (6.0%) $125,354 (8.1%) 0.00 37
2018-05-01 $79,950 (6.6%) $122,501 (6.8%) 0.00 36
2018-06-01 $89,000 (-0.6%) $131,622 (4.5%) 0.00 34
2018-07-01 $79,950 (-15.8%) $128,947 (1.9%) 0.00 35
2018-08-01 $79,450 (-14.8%) $133,293 (-7.2%) 0.00 32
2018-09-01 $79,000 (-31.3%) $129,996 (-21.0%) 0.00 35
2018-10-01 $89,748 (-22.0%) $132,485 (-16.7%) 0.00 32
2018-11-01 $125,900 (17.7%) $139,637 (-9.1%) 0.00 29
2018-12-01 $100,000 (0.1%) $135,198 (-9.2%) 0.00 30
2019-01-01 $124,500 (25.8%) $143,244 (-3.0%) 0.00 33
2019-02-01 $109,500 (25.9%) $132,020 (3.8%) 0.00 39
2019-03-01 $110,429 (38.0%) $135,203 (11.7%) 0.00 41
2019-04-01 $117,879 (48.3%) $138,568 (10.5%) 0.00 41
2019-05-01 $97,000 (21.3%) $130,964 (6.9%) 0.00 43
2019-06-01 $95,000 (6.7%) $126,062 (-4.2%) 0.00 54
2019-07-01 $120,500 (50.7%) $146,988 (14.0%) 0.00 43
2019-08-01 $105,929 (33.3%) $136,305 (2.3%) 0.00 47
2019-09-01 $85,000 (7.6%) $122,072 (-6.1%) 0.00 52
2019-10-01 $84,500 (-5.9%) $118,291 (-10.7%) 0.00 51
2019-11-01 $87,000 (-30.9%) $123,655 (-11.5%) 0.00 46
2019-12-01 $83,750 (-16.3%) $117,392 (-13.2%) 0.00 42
2020-01-01 $81,750 (-34.3%) $112,359 (-21.6%) 0.00 44
2020-02-01 $87,000 (-20.6%) $115,198 (-12.7%) 0.00 40
2020-03-01 $88,000 (-20.3%) $128,505 (-5.0%) 0.00 39
2020-04-01 $87,000 (-26.2%) $121,828 (-12.1%) 0.00 40
2020-05-01 $75,000 (-22.7%) $119,331 (-8.9%) 0.00 40
2020-06-01 $82,250 (-13.4%) $122,986 (-2.4%) 0.00 35
2020-07-01 $88,000 (-27.0%) $132,376 (-9.9%) 0.00 28
2020-08-01 $89,000 (-16.0%) $134,223 (-1.5%) 0.00 28
2020-09-01 $135,000 (58.8%) $169,722 (39.0%) 0.00 29
2020-10-01 $139,995 (65.7%) $171,151 (44.7%) 0.00 30
2020-11-01 $122,500 (40.8%) $150,722 (21.9%) 0.00 29
2020-12-01 $155,000 (85.1%) $157,483 (34.2%) 0.00 21
2021-01-01 $150,000 (83.5%) $163,369 (45.4%) 0.00 21
2021-02-01 $139,995 (60.9%) $159,944 (38.8%) 0.00 23
2021-03-01 $114,900 (30.6%) $153,120 (19.2%) 0.00 22
2021-04-01 $142,950 (64.3%) $170,969 (40.3%) 0.00 18
2021-05-01 $215,000 (186.7%) $192,800 (61.6%) 0.00 14
2021-06-01 $215,000 (161.4%) $174,458 (41.9%) 0.00 10
2021-07-01 $119,450 (35.7%) $159,445 (20.5%) 0.00 10
2021-08-01 $90,000 (1.1%) $133,928 (-0.2%) 0.00 13
2021-09-01 $88,750 (-34.3%) $113,988 (-32.8%) 0.00 12
2021-10-01 $79,900 (-42.9%) $114,365 (-33.2%) 0.00 18
2021-11-01 $87,500 (-28.6%) $117,043 (-22.3%) 0.00 21
2021-12-01 $75,500 (-51.3%) $103,744 (-34.1%) 0.00 18
2022-01-01 $79,995 (-46.7%) $105,073 (-35.7%) 0.00 15
2022-02-01 $108,000 (-22.9%) $135,121 (-15.5%) 0.00 13
2022-03-01 $103,000 (-10.4%) $127,393 (-16.8%) 0.00 17
2022-04-01 $99,999 (-30.1%) $124,922 (-26.9%) 0.00 16
2022-05-01 $91,000 (-57.7%) $115,089 (-40.3%) 0.00 14
2022-06-01 $91,000 (-57.7%) $115,464 (-33.8%) 0.00 11
Clarksdale's median listing price for 2022-06-01 was $91,000, a difference of $-124,000 (-57.7%) versus the prior year and $0 versus the prior month.

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

Clarksdale's average listing price for 2022-06-01 was $115,464, a difference of $-58,994 (-33.8%) versus the prior year and $375 versus the prior month.

For the 2022-06-01 period, Clarksdale had 11 MLS listings, a difference of -3 listings (-21%) versus the prior month and 1 listings (10%) 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 2,490 sqft
2018-02-01 0 days 2,238 sqft
2018-03-01 0 days 2,081 sqft
2018-04-01 0 days 1,830 sqft
2018-05-01 0 days 1,700 sqft
2018-06-01 0 days 2,164 sqft
2018-07-01 0 days 2,000 sqft
2018-08-01 0 days 1,930 sqft
2018-09-01 0 days 2,040 sqft
2018-10-01 0 days 2,090 sqft
2018-11-01 0 days 2,100 sqft
2018-12-01 0 days 2,100 sqft
2019-01-01 0 days 2,100 sqft
2019-02-01 0 days 2,163 sqft
2019-03-01 0 days 2,341 sqft
2019-04-01 0 days 2,472 sqft
2019-05-01 0 days 2,435 sqft
2019-06-01 0 days 2,446 sqft
2019-07-01 0 days 2,435 sqft
2019-08-01 0 days 2,285 sqft
2019-09-01 0 days 2,100 sqft
2019-10-01 0 days 1,961 sqft
2019-11-01 0 days 2,316 sqft
2019-12-01 0 days 2,313 sqft
2020-01-01 0 days 2,167 sqft
2020-02-01 0 days 2,164 sqft
2020-03-01 0 days 2,170 sqft
2020-04-01 0 days 2,309 sqft
2020-05-01 0 days 2,424 sqft
2020-06-01 0 days 2,340 sqft
2020-07-01 0 days 2,309 sqft
2020-08-01 0 days 2,500 sqft
2020-09-01 0 days 2,688 sqft
2020-10-01 0 days 2,679 sqft
2020-11-01 0 days 2,557 sqft
2020-12-01 0 days 2,678 sqft
2021-01-01 0 days 2,676 sqft
2021-02-01 0 days 2,584 sqft
2021-03-01 0 days 2,557 sqft
2021-04-01 0 days 2,584 sqft
2021-05-01 0 days 2,854 sqft
2021-06-01 0 days 3,070 sqft
2021-07-01 0 days 2,575 sqft
2021-08-01 0 days 1,960 sqft
2021-09-01 0 days 1,826 sqft
2021-10-01 0 days 1,700 sqft
2021-11-01 0 days 1,811 sqft
2021-12-01 0 days 1,700 sqft
2022-01-01 0 days 1,700 sqft
2022-02-01 0 days 1,947 sqft
2022-03-01 0 days 2,099 sqft
2022-04-01 0 days 1,897 sqft
2022-05-01 0 days 1,902 sqft
2022-06-01 0 days 2,099 sqft
Clarksdale's median listing age (time on market) for 2022-06-01 was 0 days.

Clarksdale's median square footage for active listings during the 2022-06-01 period was 2,099 sqft. One year prior, the average listing was 3,070 sqft.