Columbus Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Columbus averaged
6.83%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.97% and
one month ago for the week of 2023-08-10, the
average rate was 6.61%.
Columbus's average rate one year ago was 5.84%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.48%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
Columbus 30 Year Fixed Rate | 2023-09-14 | 6.83% |
Columbus 30 Year Fixed Rate Refi | 2023-09-14 | 7.48% |
Columbus 15 Year Fixed Rate | 2023-09-14 | 6.61% |
Columbus 15 Year Fixed Rate Refi | 2023-09-14 | 6.81% |
Columbus 30 Year FHA | 2023-09-14 | 6.65% |
Columbus 30 Year FHA Refi | 2023-09-14 | 6.79% |
Columbus 30 Year USDA | 2023-09-14 | 7.18% |
Columbus 30 Year USDA Refi | 2023-09-14 | 6.88% |
Columbus 30 Year VA | 2023-09-14 | 7.01% |
Columbus 30 Year VA Refi | 2023-09-14 | 6.91% |
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, NE 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, NE's 37 lenders originated 706
loans during 2022. The total origination value was $160,140,000, with an average loan value of
$226,827.
Columbus's average closing costs are $3,776.
The top Columbus lender as defined by loan originations is U.S. Bank, with
44 loans originated. Their average total fees are
$2,846, which is $460
lower than the next largest lender,
CHARTER WEST BANK.
The lowest fee Columbus lenders (with over 10 loans originated) are
West Gate Bank ($2,483), Pinnacle Bank ($2,611), Plains Commerce Bank ($2,764), U.S. Bank ($2,846) and First National Bank of Omaha ($2,965).
The lowest rate Columbus lenders (with over 10 loans originated) are
Pinnacle Bank (4.63%), First National Bank of Omaha (4.73%), CHARTER WEST BANK (4.99%), QUICKEN LOANS, LLC (5.12%) and Plains Commerce Bank (5.15%).
Columbus, NE 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Pinnacle Bank | $41,120,000 | $31,800,000 | -22.7% | 19.9% |
CHARTER WEST BANK | $27,025,000 | $17,715,000 | -34.4% | 11.1% |
Union Bank and Trust Company | $1,045,000 | $15,280,000 | 1,362.2% | 9.5% |
U.S. Bank | $19,545,000 | $14,470,000 | -26.0% | 9.0% |
Plains Commerce Bank | $19,630,000 | $12,050,000 | -38.6% | 7.5% |
First National Bank of Omaha | $13,655,000 | $10,330,000 | -24.4% | 6.5% |
West Gate Bank | $12,305,000 | $7,815,000 | -36.5% | 4.9% |
QUICKEN LOANS, LLC | $12,545,000 | $5,380,000 | -57.1% | 3.4% |
Farm Credit Mid-America, ACA | $1,345,000 | $4,330,000 | 221.9% | 2.7% |
GREENSTATE CREDIT UNION | $3,155,000 | n/a | 2.0% | |
First Nebraska Bank | $8,090,000 | $3,055,000 | -62.2% | 1.9% |
UNITED WHOLESALE MORTGAGE, LLC | $880,000 | $2,530,000 | 187.5% | 1.6% |
FREEDOM MORTGAGE CORPORATION | $4,395,000 | $2,065,000 | -53.0% | 1.3% |
Wells Fargo Bank | $3,660,000 | $2,060,000 | -43.7% | 1.3% |
Frontier Bank | $1,505,000 | $1,980,000 | 31.6% | 1.2% |
CMG MORTGAGE, INC. | $925,000 | $1,970,000 | 113.0% | 1.2% |
Washington County Bank | $1,645,000 | n/a | 1.0% | |
Mortgage Research Center, LLC | $1,995,000 | $1,355,000 | -32.1% | 0.8% |
NEWREZ LLC | $820,000 | $1,245,000 | 51.8% | 0.8% |
Cornerstone Bank | $895,000 | $1,180,000 | 31.8% | 0.7% |
The Federal Savings Bank | $1,110,000 | n/a | 0.7% | |
Citizens Bank | $390,000 | $1,080,000 | 176.9% | 0.7% |
Regent Financial Group, Inc. | $300,000 | $1,025,000 | 241.7% | 0.6% |
BankFirst | $1,570,000 | $940,000 | -40.1% | 0.6% |
LOANDEPOT.COM, LLC | $1,730,000 | $905,000 | -47.7% | 0.6% |
MUTUAL OF OMAHA MORTGAGE, INC. | $680,000 | $790,000 | 16.2% | 0.5% |
Mr. Cooper ( Nationstar Mortgage ) | $680,000 | $760,000 | 11.8% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $1,255,000 | $760,000 | -39.4% | 0.5% |
Bank of the West | $1,755,000 | $720,000 | -59.0% | 0.4% |
Adams Bank & Trust | $1,275,000 | $710,000 | -44.3% | 0.4% |
Lincoln FSB of Nebraska | $520,000 | $595,000 | 14.4% | 0.4% |
CHURCHILL MORTGAGE CORPORATION | $825,000 | $555,000 | -32.7% | 0.3% |
First State Bank of St. Charles, Missouri | $355,000 | $540,000 | 52.1% | 0.3% |
JPMorgan Chase Bank | $310,000 | $480,000 | 54.8% | 0.3% |
FINANCE OF AMERICA MORTGAGE LLC | $465,000 | n/a | 0.3% | |
First Interstate Bank | $455,000 | n/a | 0.3% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,635,000 | $380,000 | -85.6% | 0.2% |
Colonial Savings, F.A. | $135,000 | $355,000 | 163.0% | 0.2% |
NOVA FINANCIAL & INVESTMENT CORPORATION | $440,000 | $355,000 | -19.3% | 0.2% |
GERSHMAN INVESTMENT CORP. | $350,000 | n/a | 0.2% | |
Central National Bank | $180,000 | $325,000 | 80.6% | 0.2% |
Great Western Bank | $2,150,000 | $295,000 | -86.3% | 0.2% |
Glenwood State Bank | $290,000 | n/a | 0.2% | |
CROSSCOUNTRY MORTGAGE, LLC | $285,000 | n/a | 0.2% | |
Flagstar Bank, FSB | $280,000 | n/a | 0.2% | |
First National Bank Texas | $265,000 | n/a | 0.2% | |
First Federal Bank of Kansas City | $255,000 | n/a | 0.2% | |
NAVY FEDERAL CREDIT UNION | $245,000 | n/a | 0.2% | |
KeyBank | $225,000 | n/a | 0.1% | |
Prosperity Home Mortgage, LLC | $195,000 | n/a | 0.1% | |
TRIAD FINANCIAL SERVICES, INC. | $195,000 | n/a | 0.1% | |
VERIDIAN CREDIT UNION | $390,000 | $195,000 | -50.0% | 0.1% |
HOME POINT FINANCIAL CORPORATION | $575,000 | $185,000 | -67.8% | 0.1% |
Ally Bank | $360,000 | $175,000 | -51.4% | 0.1% |
AMCAP MORTGAGE, LTD. | $175,000 | n/a | 0.1% | |
Core Bank | $175,000 | n/a | 0.1% | |
POLARIS HOME FUNDING CORP. | $175,000 | n/a | 0.1% | |
BROKER SOLUTIONS, INC. | $565,000 | $165,000 | -70.8% | 0.1% |
CENTENNIAL LENDING, LLC | $155,000 | n/a | 0.1% | |
Carrington Mortgage Services, LLC | $140,000 | $135,000 | -3.6% | 0.1% |
Fidelity Bank | $135,000 | n/a | 0.1% | |
Dacotah Bank | $125,000 | n/a | 0.1% | |
Figure Lending LLC | $115,000 | n/a | 0.1% | |
RUOFF MORTGAGE COMPANY, INC. | $115,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $95,000 | $90,000 | -5.3% | 0.1% |
Arvest Bank | $65,000 | n/a | 0.0% | |
Ixonia Bank | $65,000 | n/a | 0.0% | |
Discover Bank | $105,000 | $55,000 | -47.6% | 0.0% |
FOUR POINTS | $485,000 | $55,000 | -88.7% | 0.0% |
PNC Bank | $250,000 | $55,000 | -78.0% | 0.0% |
SPRING EQ, LLC | $55,000 | n/a | 0.0% | |
AMERICAN FINANCING CORPORATION | $45,000 | n/a | 0.0% | |
Baxter Credit Union | $265,000 | $35,000 | -86.8% | 0.0% |
Columbus's top lender by overall market share is Pinnacle Bank, with 19.9% market share. In second place, with 11.1%, is CHARTER WEST BANK, having originated $17,715,000 in loans. In third place, with 9.5%, is Union Bank and Trust Company, having originated $15,280,000 in loans. In fourth place, with 9.0%, is U.S. Bank, having originated $14,470,000 in loans. In fifth place, with 7.5%, is Plains Commerce Bank, having originated $12,050,000 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 | $180,750 (-8.2%) | $208,574 (1.5%) | 0.00 | 70 |
2018-02-01 | $187,575 (-12.5%) | $210,573 (-3.3%) | 0.00 | 70 |
2018-03-01 | $195,500 (1.6%) | $213,800 (-1.5%) | 0.00 | 60 |
2018-04-01 | $213,750 (16.8%) | $229,456 (6.3%) | 0.00 | 63 |
2018-05-01 | $227,850 (4.8%) | $234,248 (7.2%) | 0.00 | 60 |
2018-06-01 | $214,000 (14.5%) | $230,096 (6.5%) | 0.00 | 61 |
2018-07-01 | $192,175 (5.3%) | $213,545 (3.5%) | 0.00 | 60 |
2018-08-01 | $201,825 (9.1%) | $218,695 (4.2%) | 0.00 | 69 |
2018-09-01 | $214,900 (8.0%) | $222,132 (3.4%) | 0.00 | 68 |
2018-10-01 | $225,000 (21.1%) | $234,346 (10.1%) | 0.00 | 64 |
2018-11-01 | $216,500 (22.7%) | $229,707 (9.3%) | 0.00 | 68 |
2018-12-01 | $213,950 (9.2%) | $232,000 (7.4%) | 0.00 | 63 |
2019-01-01 | $239,900 (32.7%) | $254,677 (22.1%) | 0.00 | 61 |
2019-02-01 | $244,950 (30.6%) | $255,617 (21.4%) | 0.00 | 60 |
2019-03-01 | $249,257 (27.5%) | $255,637 (19.6%) | 0.00 | 59 |
2019-04-01 | $254,282 (19.0%) | $258,323 (12.6%) | 0.00 | 60 |
2019-05-01 | $229,900 (0.9%) | $253,807 (8.4%) | 0.00 | 76 |
2019-06-01 | $229,900 (7.4%) | $264,098 (14.8%) | 0.00 | 74 |
2019-07-01 | $229,900 (19.6%) | $260,526 (22.0%) | 0.00 | 78 |
2019-08-01 | $221,200 (9.6%) | $258,170 (18.1%) | 0.00 | 77 |
2019-09-01 | $208,150 (-3.1%) | $249,230 (12.2%) | 0.00 | 83 |
2019-10-01 | $200,200 (-11.0%) | $244,058 (4.1%) | 0.00 | 84 |
2019-11-01 | $220,000 (1.6%) | $257,895 (12.3%) | 0.00 | 77 |
2019-12-01 | $211,000 (-1.4%) | $251,691 (8.5%) | 0.00 | 63 |
2020-01-01 | $237,750 (-0.9%) | $260,079 (2.1%) | 0.00 | 59 |
2020-02-01 | $266,250 (8.7%) | $271,211 (6.1%) | 0.00 | 57 |
2020-03-01 | $274,450 (10.1%) | $280,193 (9.6%) | 0.00 | 66 |
2020-04-01 | $277,425 (9.1%) | $289,712 (12.2%) | 0.00 | 69 |
2020-05-01 | $257,750 (12.1%) | $274,305 (8.1%) | 0.00 | 80 |
2020-06-01 | $271,000 (17.9%) | $285,595 (8.1%) | 0.00 | 61 |
2020-07-01 | $287,825 (25.2%) | $295,436 (13.4%) | 0.00 | 52 |
2020-08-01 | $279,450 (26.3%) | $293,067 (13.5%) | 0.00 | 55 |
2020-09-01 | $263,225 (26.5%) | $270,256 (8.4%) | 0.00 | 58 |
2020-10-01 | $269,900 (34.8%) | $279,264 (14.4%) | 0.00 | 63 |
2020-11-01 | $251,175 (14.2%) | $277,629 (7.7%) | 0.00 | 57 |
2020-12-01 | $250,000 (18.5%) | $278,799 (10.8%) | 0.00 | 53 |
2021-01-01 | $245,000 (3.1%) | $272,620 (4.8%) | 0.00 | 43 |
2021-02-01 | $258,225 (-3.0%) | $295,072 (8.8%) | 0.00 | 29 |
2021-03-01 | $271,750 (-1.0%) | $280,033 (-0.1%) | 0.00 | 39 |
2021-04-01 | $271,750 (-2.1%) | $273,989 (-5.4%) | 0.00 | 37 |
2021-05-01 | $274,000 (6.3%) | $281,696 (2.7%) | 0.00 | 34 |
2021-06-01 | $286,000 (5.5%) | $298,496 (4.5%) | 0.00 | 39 |
2021-07-01 | $286,000 (-0.6%) | $300,457 (1.7%) | 0.00 | 45 |
2021-08-01 | $278,750 (-0.3%) | $282,079 (-3.8%) | 0.00 | 43 |
2021-09-01 | $232,350 (-11.7%) | $259,180 (-4.1%) | 0.00 | 41 |
2021-10-01 | $235,000 (-12.9%) | $254,051 (-9.0%) | 0.00 | 51 |
2021-11-01 | $252,450 (0.5%) | $274,586 (-1.1%) | 0.00 | 61 |
2021-12-01 | $279,700 (11.9%) | $295,335 (5.9%) | 0.00 | 56 |
2022-01-01 | $264,900 (8.1%) | $284,744 (4.5%) | 0.00 | 51 |
2022-02-01 | $265,000 (2.6%) | $289,301 (-2.0%) | 0.00 | 42 |
2022-03-01 | $264,900 (-2.5%) | $294,879 (5.3%) | 0.00 | 40 |
2022-04-01 | $309,000 (13.7%) | $335,009 (22.3%) | 0.00 | 44 |
2022-05-01 | $285,000 (4.0%) | $327,309 (16.2%) | 0.00 | 60 |
2022-06-01 | $285,000 (-0.4%) | $320,613 (7.4%) | 0.00 | 66 |
2022-07-01 | $291,000 (1.8%) | $351,686 (17.1%) | 0.00 | 67 |
2022-08-01 | $285,000 (2.2%) | $328,692 (16.5%) | 0.00 | 71 |
2022-09-01 | $304,450 (31.0%) | $337,041 (30.0%) | 0.00 | 80 |
2022-10-01 | $296,500 (26.2%) | $325,469 (28.1%) | 0.00 | 75 |
2022-11-01 | $295,950 (17.2%) | $334,193 (21.7%) | 0.00 | 63 |
2022-12-01 | $285,000 (1.9%) | $315,886 (7.0%) | 0.00 | 67 |
2023-01-01 | $285,000 (7.6%) | $316,330 (11.1%) | 0.00 | 67 |
2023-02-01 | $285,000 (7.6%) | $324,100 (12.0%) | 0.00 | 63 |
2023-03-01 | $299,000 (12.9%) | $325,152 (10.3%) | 0.00 | 59 |
2023-04-01 | $272,500 (-11.8%) | $322,368 (-3.8%) | 0.00 | 70 |
2023-05-01 | $280,950 (-1.4%) | $329,181 (0.6%) | 0.00 | 60 |
2023-06-01 | $315,000 (10.5%) | $369,857 (15.4%) | 0.00 | 60 |
2023-07-01 | $307,000 (5.5%) | $356,870 (1.5%) | 0.00 | 59 |
2023-08-01 | $318,700 (11.8%) | $352,952 (7.4%) | 0.00 | 75 |
Columbus's median listing price comes in at 0% of the national average.
Columbus's average listing price for 2023-08-01 was $352,952, a difference of $24,260 (7.4%) versus the prior year and $-3,918 versus the prior month.
For the 2023-08-01 period, Columbus had 75 MLS listings, a difference of 16 listings (27%) versus the prior month and 4 listings (6%) 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 | 1,544 sqft |
2018-02-01 | 0 days | 1,514 sqft |
2018-03-01 | 0 days | 1,437 sqft |
2018-04-01 | 0 days | 1,481 sqft |
2018-05-01 | 0 days | 1,517 sqft |
2018-06-01 | 0 days | 1,544 sqft |
2018-07-01 | 0 days | 1,536 sqft |
2018-08-01 | 0 days | 1,520 sqft |
2018-09-01 | 0 days | 1,532 sqft |
2018-10-01 | 0 days | 1,760 sqft |
2018-11-01 | 0 days | 1,667 sqft |
2018-12-01 | 0 days | 1,644 sqft |
2019-01-01 | 0 days | 1,735 sqft |
2019-02-01 | 0 days | 1,702 sqft |
2019-03-01 | 0 days | 1,685 sqft |
2019-04-01 | 0 days | 1,698 sqft |
2019-05-01 | 0 days | 1,722 sqft |
2019-06-01 | 0 days | 1,731 sqft |
2019-07-01 | 0 days | 1,744 sqft |
2019-08-01 | 0 days | 1,740 sqft |
2019-09-01 | 0 days | 1,678 sqft |
2019-10-01 | 0 days | 1,611 sqft |
2019-11-01 | 0 days | 1,710 sqft |
2019-12-01 | 0 days | 1,699 sqft |
2020-01-01 | 0 days | 1,719 sqft |
2020-02-01 | 0 days | 1,728 sqft |
2020-03-01 | 0 days | 1,673 sqft |
2020-04-01 | 0 days | 1,771 sqft |
2020-05-01 | 0 days | 1,769 sqft |
2020-06-01 | 0 days | 1,769 sqft |
2020-07-01 | 0 days | 1,861 sqft |
2020-08-01 | 0 days | 1,861 sqft |
2020-09-01 | 0 days | 1,732 sqft |
2020-10-01 | 0 days | 1,621 sqft |
2020-11-01 | 0 days | 1,649 sqft |
2020-12-01 | 0 days | 1,647 sqft |
2021-01-01 | 0 days | 1,662 sqft |
2021-02-01 | 0 days | 1,613 sqft |
2021-03-01 | 0 days | 1,626 sqft |
2021-04-01 | 0 days | 1,624 sqft |
2021-05-01 | 0 days | 1,456 sqft |
2021-06-01 | 0 days | 1,595 sqft |
2021-07-01 | 0 days | 1,587 sqft |
2021-08-01 | 0 days | 1,456 sqft |
2021-09-01 | 0 days | 1,383 sqft |
2021-10-01 | 0 days | 1,456 sqft |
2021-11-01 | 0 days | 1,460 sqft |
2021-12-01 | 0 days | 1,539 sqft |
2022-01-01 | 0 days | 1,456 sqft |
2022-02-01 | 0 days | 1,456 sqft |
2022-03-01 | 0 days | 1,460 sqft |
2022-04-01 | 0 days | 1,603 sqft |
2022-05-01 | 0 days | 1,558 sqft |
2022-06-01 | 0 days | 1,536 sqft |
2022-07-01 | 0 days | 1,600 sqft |
2022-08-01 | 0 days | 1,547 sqft |
2022-09-01 | 0 days | 1,479 sqft |
2022-10-01 | 0 days | 1,452 sqft |
2022-11-01 | 0 days | 1,544 sqft |
2022-12-01 | 0 days | 1,449 sqft |
2023-01-01 | 0 days | 1,440 sqft |
2023-02-01 | 0 days | 1,431 sqft |
2023-03-01 | 0 days | 1,443 sqft |
2023-04-01 | 0 days | 1,446 sqft |
2023-05-01 | 0 days | 1,511 sqft |
2023-06-01 | 0 days | 1,549 sqft |
2023-07-01 | 0 days | 1,539 sqft |
2023-08-01 | 0 days | 1,531 sqft |
Columbus's median square footage for active listings during the 2023-08-01 period was 1,531 sqft. One year prior, the average listing was 1,547 sqft.
Columbus, NE Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 426 | $101,710,000 | $238,756 |
Cash Out Refi | 100 | $21,530,000 | $215,300 |
Refi | 88 | $29,700,000 | $337,500 |
Home Improvement | 57 | $3,865,000 | $67,807 |
Other | 35 | $3,335,000 | $95,286 |
Columbus's most frequently cited loan purpose was Home Purchase, with 426 originations. The 2nd most popular reason was Cash Out Refi, with 100 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 188 | $40,060,000 | $213,085 |
5-6% | 174 | $36,970,000 | $212,471 |
3-4% | 153 | $48,755,000 | $318,660 |
6-7% | 99 | $18,195,000 | $183,788 |
7-8% | 26 | $4,920,000 | $189,231 |
2.5-3% | 26 | $5,020,000 | $193,077 |
<2.5% | 25 | $3,045,000 | $121,800 |
Over 8% | 8 | $300,000 | $37,500 |
During 2022, Columbus's most frequently originated rate bucket was 4-5%, with 188 originations.
Loan Sizing (Columbus, NE MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 284 | $43,760,000 | $154,085 |
$200k-400k | 235 | $64,095,000 | $272,745 |
$100,000 or less | 143 | $7,285,000 | $50,944 |
$400k-600k | 26 | $12,560,000 | $483,077 |
$600k-1000k | 14 | $10,260,000 | $732,857 |
$Over $1MM | 4 | $22,180,000 | $5,545,000 |
Columbus's loan sizing saw the bucket of loans from $100k-200k with 284 originations, totaling $43,760,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 302 | $70,780,000 | $234,371 |
60-80% | 172 | $56,570,000 | $328,895 |
Under 20% | 75 | $4,515,000 | $60,200 |
20-40% | 72 | $11,990,000 | $166,528 |
40-60% | 71 | $11,565,000 | $162,887 |
Over 100% | 6 | $1,790,000 | $298,333 |
Columbus's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 302 originations, totaling $70,780,000 in origination value.