Columbus Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Columbus averaged
6.28%
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
6.18% and
one month ago for the week of 2024-09-05, the
average rate was 6.21%.
Columbus's average rate one year ago was 7.55%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.22%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Columbus 30 Year Fixed Rate | 2024-10-10 | 6.28% |
Columbus 30 Year Fixed Rate Refi | 2024-10-10 | 6.22% |
Columbus 15 Year Fixed Rate | 2024-10-10 | 5.31% |
Columbus 15 Year Fixed Rate Refi | 2024-10-10 | 5.81% |
Columbus 30 Year FHA | 2024-10-10 | 5.69% |
Columbus 30 Year FHA Refi | 2024-10-10 | 6.4% |
Columbus 30 Year USDA | 2024-10-10 | 5.68% |
Columbus 30 Year USDA Refi | 2024-10-10 | 6.28% |
Columbus 30 Year VA | 2024-10-10 | 5.75% |
Columbus 30 Year VA Refi | 2024-10-10 | 5.85% |
Columbus 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 Columbus, 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.).
Columbus Average Closing Costs & Other Stats
Columbus, MS's 47 lenders originated 881
loans during 2023. The total origination value was $156,445,000, with an average loan value of
$177,577.
Columbus's average closing costs are $5,255.
The top Columbus lender as defined by loan originations is Renasant Bank, with
20 loans originated. Their average total fees are
$4,459, which is $61
higher than the next largest lender,
Trustmark National Bank.
The lowest fee Columbus lenders (with over 10 loans originated) are
BancorpSouth ($4,106), Trustmark National Bank ($4,399), Renasant Bank ($4,459), QUICKEN LOANS, LLC ($5,377) and FIRST COMMUNITY MORTGAGE, INC. ($5,450).
The lowest rate Columbus lenders (with over 10 loans originated) are
BancorpSouth (6.51%), Trustmark National Bank (6.83%), QUICKEN LOANS, LLC (6.89%), Renasant Bank (6.98%) and FIRST COMMUNITY MORTGAGE, INC. (7.02%).
Columbus, 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 |
---|---|---|---|---|
Renasant Bank | $16,685,000 | $16,965,000 | 1.7% | 10.8% |
Trustmark National Bank | $14,265,000 | $12,560,000 | -12.0% | 8.0% |
BancorpSouth | $17,970,000 | $11,620,000 | -35.3% | 7.4% |
BankFirst Financial Services | $23,085,000 | $11,470,000 | -50.3% | 7.3% |
Mortgage Research Center, LLC | $13,680,000 | $9,165,000 | -33.0% | 5.9% |
Flagstar Bank, FSB | $6,935,000 | $8,885,000 | 28.1% | 5.7% |
CARDINAL FINANCIAL | $5,100,000 | $7,075,000 | 38.7% | 4.5% |
FIRST COMMUNITY MORTGAGE, INC. | $6,505,000 | $6,905,000 | 6.1% | 4.4% |
QUICKEN LOANS, LLC | $11,820,000 | $6,585,000 | -44.3% | 4.2% |
Magnolia Bank | $4,685,000 | $5,385,000 | 14.9% | 3.4% |
Guaranty Bank and Trust Company | $545,000 | $4,800,000 | 780.7% | 3.1% |
CIS Financial Services, Inc. | $300,000 | $3,245,000 | 981.7% | 2.1% |
Regions Bank | $5,070,000 | $3,090,000 | -39.1% | 2.0% |
NBKC BANK | $2,485,000 | $2,985,000 | 20.1% | 1.9% |
LEADERONE FINANCIAL CORPORATION | $3,105,000 | $2,880,000 | -7.2% | 1.8% |
UNITED WHOLESALE MORTGAGE, LLC | $4,760,000 | $2,305,000 | -51.6% | 1.5% |
USAA Federal Savings Bank | $5,305,000 | $2,080,000 | -60.8% | 1.3% |
The Citizens National Bank of Meridian | $7,030,000 | $1,880,000 | -73.3% | 1.2% |
PENNYMAC LOAN SERVICES, LLC | $1,920,000 | $1,820,000 | -5.2% | 1.2% |
21ST MORTGAGE CORPORATION | $2,165,000 | $1,775,000 | -18.0% | 1.1% |
SIRVA MORTGAGE, INC. | $155,000 | $1,300,000 | 738.7% | 0.8% |
TOWNE MORTGAGE COMPANY | $1,790,000 | $1,270,000 | -29.1% | 0.8% |
Paramount Residential Mortgage Group, Inc. | $445,000 | $1,260,000 | 183.1% | 0.8% |
U.S. Bank | $1,405,000 | $1,260,000 | -10.3% | 0.8% |
Mr. Cooper ( Nationstar Mortgage ) | $1,040,000 | $1,230,000 | 18.3% | 0.8% |
NAVY FEDERAL CREDIT UNION | $2,805,000 | $1,220,000 | -56.5% | 0.8% |
MOVEMENT MORTGAGE, LLC | $3,510,000 | $1,160,000 | -67.0% | 0.7% |
First Federal Bank | $1,105,000 | n/a | 0.7% | |
The First, A National Banking Association | $995,000 | n/a | 0.6% | |
CMG MORTGAGE, INC. | $985,000 | $980,000 | -0.5% | 0.6% |
Wells Fargo Bank | $1,260,000 | $910,000 | -27.8% | 0.6% |
West Alabama Bank & Trust | $885,000 | $905,000 | 2.3% | 0.6% |
AMERISAVE MORTGAGE CORPORATION | $1,580,000 | $840,000 | -46.8% | 0.5% |
TRIAD FINANCIAL SERVICES, INC. | $145,000 | $800,000 | 451.7% | 0.5% |
STOCKTON MORTGAGE CORPORATION | $1,445,000 | $750,000 | -48.1% | 0.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $470,000 | $740,000 | 57.4% | 0.5% |
Carrington Mortgage Services, LLC | $355,000 | $590,000 | 66.2% | 0.4% |
Community Bank of Mississippi | $1,090,000 | $590,000 | -45.9% | 0.4% |
Southern Bancorp Bank | $575,000 | n/a | 0.4% | |
GMFS LLC | $940,000 | $570,000 | -39.4% | 0.4% |
BankPlus | $680,000 | $535,000 | -21.3% | 0.3% |
NEWREZ LLC | $115,000 | $495,000 | 330.4% | 0.3% |
CROSSCOUNTRY MORTGAGE, LLC | $985,000 | $470,000 | -52.3% | 0.3% |
Farmers Bank & Trust Company | $445,000 | n/a | 0.3% | |
LOANDEPOT.COM, LLC | $875,000 | $430,000 | -50.9% | 0.3% |
FirstBank | $425,000 | n/a | 0.3% | |
Farmers Bank & Trust | $395,000 | n/a | 0.3% | |
NEW DAY FINANCIAL, LLC | $1,600,000 | $390,000 | -75.6% | 0.2% |
MID AMERICA MORTGAGE, INC. | $370,000 | n/a | 0.2% | |
Century Mortgage Company DBA Century Lending Company | $365,000 | n/a | 0.2% | |
The Central Trust Bank | $345,000 | n/a | 0.2% | |
AmeriHome Mortgage Company, LLC | $340,000 | n/a | 0.2% | |
Armed Forces Bank | $335,000 | n/a | 0.2% | |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $335,000 | n/a | 0.2% | |
DRAPER AND KRAMER MORTGAGE CORP. | $335,000 | n/a | 0.2% | |
FIRST COLONY MORTGAGE CORPORATION | $335,000 | n/a | 0.2% | |
Stifel Bank and Trust | $785,000 | $335,000 | -57.3% | 0.2% |
M&T Bank | $165,000 | $330,000 | 100.0% | 0.2% |
The Bank of Holly Springs | $320,000 | n/a | 0.2% | |
Neighborhood Loans, Inc. | $315,000 | n/a | 0.2% | |
JPMorgan Chase Bank | $1,750,000 | $310,000 | -82.3% | 0.2% |
ROYAL UNITED MORTGAGE LLC | $95,000 | $310,000 | 226.3% | 0.2% |
Morgan Stanley Private Bank | $305,000 | n/a | 0.2% | |
GENEVA FINANCIAL, LLC | $185,000 | $275,000 | 48.6% | 0.2% |
Bank of America | $55,000 | $265,000 | 381.8% | 0.2% |
CSL Financial, LLC | $125,000 | $260,000 | 108.0% | 0.2% |
GUARANTEED RATE, INC. | $205,000 | $245,000 | 19.5% | 0.2% |
PNC Bank | $265,000 | $235,000 | -11.3% | 0.2% |
EASTMAN | $225,000 | n/a | 0.1% | |
Citizens Bank | $1,785,000 | $200,000 | -88.8% | 0.1% |
RELIANCE FIRST CAPITAL, LLC | $225,000 | $190,000 | -15.6% | 0.1% |
Ally Bank | $185,000 | n/a | 0.1% | |
First Financial Bank | $185,000 | n/a | 0.1% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $220,000 | $185,000 | -15.9% | 0.1% |
VELOCITY COMMERCIAL CAPITAL, LLC | $185,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $310,000 | $175,000 | -43.5% | 0.1% |
ARC HOME LLC | $175,000 | n/a | 0.1% | |
BNC National Bank | $175,000 | n/a | 0.1% | |
First Commercial Bank | $175,000 | n/a | 0.1% | |
GUARANTEED RATE AFFINITY, LLC | $175,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $165,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $530,000 | $155,000 | -70.8% | 0.1% |
SUPERIOR CHOICE | $155,000 | n/a | 0.1% | |
First Southern Bank | $145,000 | n/a | 0.1% | |
Nations Lending Corporation | $75,000 | $145,000 | 93.3% | 0.1% |
SPRING EQ, LLC | $145,000 | n/a | 0.1% | |
COUNTRYPLACE MORTGAGE, LTD. | $145,000 | $140,000 | -3.4% | 0.1% |
BROKER SOLUTIONS, INC. | $380,000 | $115,000 | -69.7% | 0.1% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $215,000 | $115,000 | -46.5% | 0.1% |
SOUTHWEST STAGE FUNDING, LLC | $135,000 | $85,000 | -37.0% | 0.1% |
Coastal Community Bank | $80,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $880,000 | $75,000 | -91.5% | 0.0% |
Discover Bank | $110,000 | $55,000 | -50.0% | 0.0% |
The Federal Savings Bank | $390,000 | $55,000 | -85.9% | 0.0% |
OPEN MORTGAGE, LLC | $45,000 | n/a | 0.0% |
Columbus's top lender by overall market share is Renasant Bank, with 10.8% market share. In second place, with 8.0%, is Trustmark National Bank, having originated $12,560,000 in loans. In third place, with 7.4%, is BancorpSouth, having originated $11,620,000 in loans. In fourth place, with 7.3%, is BankFirst Financial Services, having originated $11,470,000 in loans. In fifth place, with 5.9%, is Mortgage Research Center, LLC, having originated $9,165,000 in loans.
Columbus Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Columbus (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 | $132,425 (3.7%) | $166,898 (-3.9%) | 0.00 | 223 |
2018-02-01 | $120,000 (-11.4%) | $162,861 (-11.4%) | 0.00 | 230 |
2018-03-01 | $129,900 (-7.2%) | $163,102 (-12.4%) | 0.00 | 238 |
2018-04-01 | $134,950 (0.0%) | $171,143 (-5.1%) | 0.00 | 267 |
2018-05-01 | $139,900 (4.8%) | $177,683 (-1.4%) | 0.00 | 259 |
2018-06-01 | $149,900 (11.3%) | $181,018 (0.1%) | 0.00 | 267 |
2018-07-01 | $154,900 (19.2%) | $186,639 (5.3%) | 0.00 | 259 |
2018-08-01 | $161,488 (22.9%) | $190,684 (10.2%) | 0.00 | 238 |
2018-09-01 | $160,950 (23.9%) | $193,104 (14.1%) | 0.00 | 239 |
2018-10-01 | $159,125 (21.4%) | $192,089 (10.6%) | 0.00 | 243 |
2018-11-01 | $151,013 (11.9%) | $193,311 (12.4%) | 0.00 | 235 |
2018-12-01 | $154,500 (14.5%) | $193,874 (12.9%) | 0.00 | 226 |
2019-01-01 | $154,350 (16.6%) | $188,268 (12.8%) | 0.00 | 228 |
2019-02-01 | $159,450 (32.9%) | $193,405 (18.8%) | 0.00 | 224 |
2019-03-01 | $162,814 (25.3%) | $204,236 (25.2%) | 0.00 | 219 |
2019-04-01 | $169,600 (25.7%) | $213,258 (24.6%) | 0.00 | 218 |
2019-05-01 | $159,900 (14.3%) | $214,237 (20.6%) | 0.00 | 218 |
2019-06-01 | $168,750 (12.6%) | $226,867 (25.3%) | 0.00 | 213 |
2019-07-01 | $174,450 (12.6%) | $234,285 (25.5%) | 0.00 | 209 |
2019-08-01 | $172,168 (6.6%) | $232,190 (21.8%) | 0.00 | 207 |
2019-09-01 | $175,420 (9.0%) | $231,680 (20.0%) | 0.00 | 206 |
2019-10-01 | $176,364 (10.8%) | $231,340 (20.4%) | 0.00 | 203 |
2019-11-01 | $175,950 (16.5%) | $232,584 (20.3%) | 0.00 | 193 |
2019-12-01 | $177,975 (15.2%) | $237,330 (22.4%) | 0.00 | 189 |
2020-01-01 | $177,975 (15.3%) | $231,079 (22.7%) | 0.00 | 191 |
2020-02-01 | $197,645 (24.0%) | $239,507 (23.8%) | 0.00 | 188 |
2020-03-01 | $201,698 (23.9%) | $242,501 (18.7%) | 0.00 | 191 |
2020-04-01 | $199,800 (17.8%) | $242,247 (13.6%) | 0.00 | 189 |
2020-05-01 | $198,888 (24.4%) | $245,103 (14.4%) | 0.00 | 177 |
2020-06-01 | $203,197 (20.4%) | $255,620 (12.7%) | 0.00 | 164 |
2020-07-01 | $208,675 (19.6%) | $255,877 (9.2%) | 0.00 | 159 |
2020-08-01 | $218,000 (26.6%) | $255,138 (9.9%) | 0.00 | 156 |
2020-09-01 | $219,350 (25.0%) | $255,442 (10.3%) | 0.00 | 147 |
2020-10-01 | $224,500 (27.3%) | $259,584 (12.2%) | 0.00 | 144 |
2020-11-01 | $187,950 (6.8%) | $240,247 (3.3%) | 0.00 | 147 |
2020-12-01 | $198,500 (11.5%) | $244,548 (3.0%) | 0.00 | 137 |
2021-01-01 | $195,900 (10.1%) | $231,153 (0.0%) | 0.00 | 128 |
2021-02-01 | $188,700 (-4.5%) | $234,711 (-2.0%) | 0.00 | 110 |
2021-03-01 | $189,900 (-5.9%) | $237,425 (-2.1%) | 0.00 | 101 |
2021-04-01 | $197,725 (-1.0%) | $255,906 (5.6%) | 0.00 | 88 |
2021-05-01 | $209,900 (5.5%) | $266,316 (8.7%) | 0.00 | 80 |
2021-06-01 | $194,975 (-4.1%) | $266,079 (4.1%) | 0.00 | 76 |
2021-07-01 | $194,900 (-6.6%) | $251,268 (-1.8%) | 0.00 | 75 |
2021-08-01 | $189,750 (-13.0%) | $247,557 (-3.0%) | 0.00 | 82 |
2021-09-01 | $207,400 (-5.5%) | $254,648 (-0.3%) | 0.00 | 82 |
2021-10-01 | $199,900 (-11.0%) | $254,293 (-2.0%) | 0.00 | 87 |
2021-11-01 | $216,175 (15.0%) | $275,838 (14.8%) | 0.00 | 95 |
2021-12-01 | $199,950 (0.7%) | $274,688 (12.3%) | 0.00 | 101 |
2022-01-01 | $197,500 (0.8%) | $311,273 (34.7%) | 0.00 | 92 |
2022-02-01 | $196,000 (3.9%) | $312,925 (33.3%) | 0.00 | 82 |
2022-03-01 | $215,700 (13.6%) | $322,171 (35.7%) | 0.00 | 73 |
2022-04-01 | $259,900 (31.5%) | $340,676 (33.1%) | 0.00 | 87 |
2022-05-01 | $247,450 (17.9%) | $328,959 (23.5%) | 0.00 | 96 |
2022-06-01 | $231,250 (18.6%) | $318,640 (19.8%) | 0.00 | 105 |
2022-07-01 | $229,450 (17.7%) | $291,630 (16.1%) | 0.00 | 130 |
2022-08-01 | $229,600 (21.0%) | $293,839 (18.7%) | 0.00 | 128 |
2022-09-01 | $216,000 (4.2%) | $281,847 (10.7%) | 0.00 | 123 |
2022-10-01 | $217,000 (8.6%) | $286,923 (12.8%) | 0.00 | 131 |
2022-11-01 | $209,450 (-3.1%) | $274,552 (-0.5%) | 0.00 | 145 |
2022-12-01 | $199,000 (-0.5%) | $272,951 (-0.6%) | 0.00 | 134 |
2023-01-01 | $209,000 (5.8%) | $286,818 (-7.9%) | 0.00 | 120 |
2023-02-01 | $204,450 (4.3%) | $286,256 (-8.5%) | 0.00 | 122 |
2023-03-01 | $204,995 (-5.0%) | $296,072 (-8.1%) | 0.00 | 118 |
2023-04-01 | $224,950 (-13.5%) | $306,941 (-9.9%) | 0.00 | 108 |
2023-05-01 | $228,625 (-7.6%) | $289,949 (-11.9%) | 0.00 | 110 |
2023-06-01 | $217,323 (-6.0%) | $291,185 (-8.6%) | 0.00 | 101 |
2023-07-01 | $224,500 (-2.2%) | $299,771 (2.8%) | 0.00 | 99 |
2023-08-01 | $257,000 (11.9%) | $304,135 (3.5%) | 0.00 | 106 |
2023-09-01 | $249,450 (15.5%) | $286,745 (1.7%) | 0.00 | 119 |
2023-10-01 | $249,900 (15.2%) | $301,746 (5.2%) | 0.00 | 131 |
2023-11-01 | $247,400 (18.1%) | $302,687 (10.3%) | 0.00 | 131 |
2023-12-01 | $252,450 (26.9%) | $307,848 (12.8%) | 0.00 | 134 |
2024-01-01 | $246,875 (18.1%) | $268,069 (-6.5%) | 0.00 | 136 |
2024-02-01 | $248,100 (21.4%) | $269,823 (-5.7%) | 0.00 | 131 |
2024-03-01 | $244,900 (19.5%) | $266,685 (-9.9%) | 0.00 | 125 |
2024-04-01 | $236,500 (5.1%) | $260,046 (-15.3%) | 0.00 | 138 |
2024-05-01 | $231,250 (1.2%) | $259,261 (-10.6%) | 0.00 | 137 |
2024-06-01 | $227,400 (4.6%) | $258,445 (-11.2%) | 0.00 | 148 |
2024-07-01 | $239,125 (6.5%) | $265,444 (-11.5%) | 0.00 | 146 |
2024-08-01 | $236,250 (-8.1%) | $272,140 (-10.5%) | 0.00 | 145 |
2024-09-01 | $254,450 (2.0%) | $283,390 (-1.2%) | 0.00 | 148 |
Columbus's median listing price comes in at 0% of the national average.
Columbus's average listing price for 2024-09-01 was $283,390, a difference of $-3,355 (-1.2%) versus the prior year and $11,250 versus the prior month.
For the 2024-09-01 period, Columbus had 148 MLS listings, a difference of 3 listings (2%) versus the prior month and 29 listings (24%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Columbus (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,859 sqft |
2018-02-01 | 0 days | 1,806 sqft |
2018-03-01 | 0 days | 1,819 sqft |
2018-04-01 | 0 days | 1,808 sqft |
2018-05-01 | 0 days | 1,830 sqft |
2018-06-01 | 0 days | 1,829 sqft |
2018-07-01 | 0 days | 1,837 sqft |
2018-08-01 | 0 days | 1,850 sqft |
2018-09-01 | 0 days | 1,889 sqft |
2018-10-01 | 0 days | 1,892 sqft |
2018-11-01 | 0 days | 1,878 sqft |
2018-12-01 | 0 days | 1,897 sqft |
2019-01-01 | 0 days | 1,874 sqft |
2019-02-01 | 0 days | 1,896 sqft |
2019-03-01 | 0 days | 1,967 sqft |
2019-04-01 | 0 days | 2,019 sqft |
2019-05-01 | 0 days | 2,000 sqft |
2019-06-01 | 0 days | 1,965 sqft |
2019-07-01 | 0 days | 2,044 sqft |
2019-08-01 | 0 days | 2,007 sqft |
2019-09-01 | 0 days | 2,018 sqft |
2019-10-01 | 0 days | 2,047 sqft |
2019-11-01 | 0 days | 2,162 sqft |
2019-12-01 | 0 days | 2,176 sqft |
2020-01-01 | 0 days | 2,100 sqft |
2020-02-01 | 0 days | 2,181 sqft |
2020-03-01 | 0 days | 2,181 sqft |
2020-04-01 | 0 days | 2,159 sqft |
2020-05-01 | 0 days | 2,177 sqft |
2020-06-01 | 0 days | 2,296 sqft |
2020-07-01 | 0 days | 2,269 sqft |
2020-08-01 | 0 days | 2,322 sqft |
2020-09-01 | 0 days | 2,323 sqft |
2020-10-01 | 0 days | 2,330 sqft |
2020-11-01 | 0 days | 2,161 sqft |
2020-12-01 | 0 days | 2,152 sqft |
2021-01-01 | 0 days | 2,109 sqft |
2021-02-01 | 0 days | 2,107 sqft |
2021-03-01 | 0 days | 2,202 sqft |
2021-04-01 | 0 days | 2,335 sqft |
2021-05-01 | 0 days | 2,300 sqft |
2021-06-01 | 0 days | 2,267 sqft |
2021-07-01 | 0 days | 2,208 sqft |
2021-08-01 | 0 days | 2,240 sqft |
2021-09-01 | 0 days | 2,236 sqft |
2021-10-01 | 0 days | 2,247 sqft |
2021-11-01 | 0 days | 2,162 sqft |
2021-12-01 | 0 days | 2,064 sqft |
2022-01-01 | 0 days | 2,175 sqft |
2022-02-01 | 0 days | 2,098 sqft |
2022-03-01 | 0 days | 2,241 sqft |
2022-04-01 | 0 days | 2,200 sqft |
2022-05-01 | 0 days | 2,193 sqft |
2022-06-01 | 0 days | 2,144 sqft |
2022-07-01 | 0 days | 2,120 sqft |
2022-08-01 | 0 days | 2,092 sqft |
2022-09-01 | 0 days | 2,090 sqft |
2022-10-01 | 0 days | 2,030 sqft |
2022-11-01 | 0 days | 2,001 sqft |
2022-12-01 | 0 days | 1,979 sqft |
2023-01-01 | 0 days | 1,970 sqft |
2023-02-01 | 0 days | 1,979 sqft |
2023-03-01 | 0 days | 2,036 sqft |
2023-04-01 | 0 days | 2,080 sqft |
2023-05-01 | 0 days | 2,058 sqft |
2023-06-01 | 0 days | 1,977 sqft |
2023-07-01 | 0 days | 1,872 sqft |
2023-08-01 | 0 days | 1,993 sqft |
2023-09-01 | 0 days | 2,004 sqft |
2023-10-01 | 0 days | 2,022 sqft |
2023-11-01 | 0 days | 2,039 sqft |
2023-12-01 | 0 days | 2,048 sqft |
2024-01-01 | 0 days | 2,056 sqft |
2024-02-01 | 0 days | 2,060 sqft |
2024-03-01 | 0 days | 2,051 sqft |
2024-04-01 | 0 days | 1,983 sqft |
2024-05-01 | 0 days | 1,947 sqft |
2024-06-01 | 0 days | 1,959 sqft |
2024-07-01 | 0 days | 2,005 sqft |
2024-08-01 | 0 days | 1,979 sqft |
2024-09-01 | 0 days | 2,070 sqft |
Columbus's median square footage for active listings during the 2024-09-01 period was 2,070 sqft. One year prior, the average listing was 2,004 sqft.
Columbus, MS Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 571 | $116,505,000 | $204,037 |
Refi | 122 | $21,220,000 | $173,934 |
Other | 76 | $5,050,000 | $66,447 |
Cash Out Refi | 71 | $10,565,000 | $148,803 |
Home Improvement | 41 | $3,105,000 | $75,732 |
Columbus's most frequently cited loan purpose was Home Purchase, with 571 originations. The 2nd most popular reason was Refi, with 122 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 292 | $59,900,000 | $205,137 |
7-8% | 193 | $32,635,000 | $169,093 |
Over 8% | 179 | $16,875,000 | $94,274 |
5-6% | 159 | $35,175,000 | $221,226 |
3-4% | 23 | $2,415,000 | $105,000 |
<2.5% | 12 | $970,000 | $80,833 |
4-5% | 7 | $1,405,000 | $200,714 |
2.5-3% | 3 | $725,000 | $241,667 |
During 2023, Columbus's most frequently originated rate bucket was 6-7%, with 292 originations.
Loan Sizing (Columbus, MS MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 297 | $44,075,000 | $148,401 |
$100,000 or less | 277 | $14,935,000 | $53,917 |
$200k-400k | 271 | $74,725,000 | $275,738 |
$400k-600k | 29 | $13,455,000 | $463,966 |
$600k-1000k | 5 | $3,565,000 | $713,000 |
$Over $1MM | 2 | $5,690,000 | $2,845,000 |
Columbus's loan sizing saw the bucket of loans from $100k-200k with 297 originations, totaling $44,075,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 457 | $97,095,000 | $212,462 |
60-80% | 133 | $24,695,000 | $185,677 |
Under 20% | 88 | $2,770,000 | $31,477 |
20-40% | 82 | $6,040,000 | $73,659 |
40-60% | 64 | $7,230,000 | $112,969 |
Over 100% | 36 | $10,370,000 | $288,056 |
Columbus's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 457 originations, totaling $97,095,000 in origination value.