Connersville Mortgage Rates

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

30 Year Fixed Rate mortgages in Connersville averaged 6.03% 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 6.34% and one month ago for the week of 2022-05-26, the average rate was 5.33%.

Connersville's average rate one year ago was 3.23%.

For refis of the same type during the week of 2022-06-30, the average rate was 6.13%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Connersville 30 Year Fixed Rate 2022-06-30 6.03%
Connersville 30 Year Fixed Rate Refi 2022-06-30 6.13%
Connersville 15 Year Fixed Rate 2022-06-30 4.92%
Connersville 15 Year Fixed Rate Refi 2022-06-30 5.39%
Connersville 30 Year FHA 2022-06-30 6.02%
Connersville 30 Year FHA Refi 2022-06-30 5.95%
Connersville 30 Year USDA 2022-06-30 6.11%
Connersville 30 Year USDA Refi 2022-06-30 5.26%
Connersville 30 Year VA 2022-06-30 6.14%
Connersville 30 Year VA Refi 2022-06-30 5.37%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Connersville, IN.

Connersville 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 Connersville, IN 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
First Financial Bank 41 3.27% $2,460
FCN Bank 23 3.29% $3,038
First Bank Richmond 18 3.11% $3,405
QUICKEN LOANS, LLC 14 3.08% $4,816
U.S. Bank 13 3.28% $2,257
CALIBER HOME LOANS, INC. 12 3.20% $1,955
Fifth Third Bank 9 3.28% $2,497
AMERICAN PACIFIC MORTGAGE CORPORATION 7 3.46% $3,188
JPMorgan Chase Bank 6 3.23% $2,016
First Merchants Bank 4 3.09% $1,877
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.56% $2,987
Farm Credit Mid-America, ACA 3 3.78% $6,391
The Huntington National Bank 3 3.21% $1,613
Three Rivers Federal Credit Union 3 3.50% $2,391
RUOFF MORTGAGE COMPANY, INC. 2 3.38% $2,325
AMERIFIRST FINANCIAL CORPORATION 2 3.69% $3,355
HOME POINT FINANCIAL CORPORATION 2 3.56% $3,904
The Farmers & Merchants State Bank 2 3.81% $2,597
LOANDEPOT.COM, LLC 2 3.06% $4,971
PNC Bank 2 3.19% $2,911
NATIONS RELIABLE LENDING, LLC 1 3.00% $2,967
NEWREZ LLC 1 3.25% $2,772
North American Savings Bank, F.S.B. 1 3.25% $1,248
RAPID MORTGAGE COMPANY 1 3.38% $4,395
ROYAL UNITED MORTGAGE LLC 1 3.50% $5,953
SOFI LENDING CORP. 1 3.63% $5,695
STAR Financial Bank 1 3.00% $2,262
UNION HOME MORTGAGE CORP. 1 4.00% $2,393
UNITED MORTGAGE CORP. 1 3.25% $3,120
UNITED WHOLESALE MORTGAGE, LLC 1 3.15% $2,970
1ST SIGNATURE LENDING, LLC 1 3.25% $6,379
Wells Fargo Bank 1 2.88% $2,282
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 2.75% $2,514
AMERISAVE MORTGAGE CORPORATION 1 2.38% $6,499
Atlantic Union Bank 1 3.88% $2,802
BETTER MORTGAGE CORPORATION 1 3.63% $1,988
Carrington Mortgage Services, LLC 1 2.88% $2,997
Citizens Bank 1 2.63% $4,983
Civista Bank 1 3.38% $1,758
Colten Mortgage, LLC 1 3.38% $4,051
ENDEAVOR CAPITAL, LLC. 1 3.25% $3,107
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.63% $7,301
Flagstar Bank, FSB 1 3.28% $5,833
Gateway First Bank 1 3.50% $2,763
GUARANTEED RATE, INC. 1 2.88% $2,736
GVC MORTGAGE, INC. 1 3.88% $2,029
HONDA Federal Credit Union 1 3.25% $2,129
KINECTA 1 2.88% $2,600
MID AMERICA MORTGAGE, INC. 1 3.63% $3,765
Mr. Cooper ( Nationstar Mortgage ) 1 3.50% $7,691
Nations Lending Corporation 1 2.88% $8,106

Connersville, IN's 51 lenders originated 768 loans during 2021. The total origination value was $86,850,000, with an average loan value of $113,086.

The top Connersville lender as defined by loan originations is First Financial Bank, with 41 loans originated. Their average total fees are $2,460, which is $578 lower than the next largest lender, FCN Bank.

The lowest fee Connersville lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. ($1,955), U.S. Bank ($2,257), First Financial Bank ($2,460), FCN Bank ($3,038) and First Bank Richmond ($3,405).

The lowest rate Connersville lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.08%), First Bank Richmond (3.11%), CALIBER HOME LOANS, INC. (3.20%), First Financial Bank (3.27%) and U.S. Bank (3.28%).

Connersville, IN 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
Union Savings And Loan Association $10,435,000 $12,685,000 21.6% 14.6%
First Financial Bank $6,900,000 $8,750,000 26.8% 10.1%
CALIBER HOME LOANS, INC. $3,570,000 $7,240,000 102.8% 8.3%
QUICKEN LOANS, LLC $2,440,000 $6,795,000 178.5% 7.8%
FCN Bank $7,180,000 $5,290,000 -26.3% 6.1%
Fifth Third Bank $3,270,000 $4,910,000 50.2% 5.7%
First Bank Richmond $2,275,000 $4,250,000 86.8% 4.9%
AMERICAN PACIFIC MORTGAGE CORPORATION $2,490,000 n/a 2.9%
FREEDOM MORTGAGE CORPORATION $1,970,000 $2,475,000 25.6% 2.8%
AMERIFIRST FINANCIAL CORPORATION $5,005,000 $2,105,000 -57.9% 2.4%
U.S. Bank $2,520,000 $2,055,000 -18.5% 2.4%
Arbor Realty Trust, Inc. $1,625,000 n/a 1.9%
Farm Credit Mid-America, ACA $245,000 $1,520,000 520.4% 1.8%
First Merchants Bank $1,205,000 $1,495,000 24.1% 1.7%
JPMorgan Chase Bank $1,200,000 n/a 1.4%
Mortgage Research Center, LLC $260,000 $1,145,000 340.4% 1.3%
Bath State Bank $2,545,000 $1,125,000 -55.8% 1.3%
RUOFF MORTGAGE COMPANY, INC. $380,000 $1,125,000 196.1% 1.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $460,000 $1,120,000 143.5% 1.3%
MID AMERICA MORTGAGE, INC. $1,585,000 $945,000 -40.4% 1.1%
Three Rivers Federal Credit Union $190,000 $820,000 331.6% 0.9%
Mr. Cooper ( Nationstar Mortgage ) $465,000 $810,000 74.2% 0.9%
Flagstar Bank, FSB $60,000 $720,000 1,100.0% 0.8%
DAS Acquisition Company, LLC $665,000 n/a 0.8%
GVC MORTGAGE, INC. $635,000 $585,000 -7.9% 0.7%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,035,000 $580,000 -44.0% 0.7%
The Farmers & Merchants State Bank $520,000 $545,000 4.8% 0.6%
NEWREZ LLC $170,000 $460,000 170.6% 0.5%
Carrington Mortgage Services, LLC $95,000 $420,000 342.1% 0.5%
CIBM Bank $405,000 n/a 0.5%
PNC Bank $110,000 $400,000 263.6% 0.5%
LOANDEPOT.COM, LLC $375,000 n/a 0.4%
Citizens State Bank of New Castle $370,000 n/a 0.4%
Citizens Bank $55,000 $365,000 563.6% 0.4%
AMERICAN FINANCIAL RESOURCES, INC. $610,000 $360,000 -41.0% 0.4%
PENNYMAC LOAN SERVICES, LLC $365,000 $355,000 -2.7% 0.4%
NEW DAY FINANCIAL, LLC $570,000 $340,000 -40.4% 0.4%
NATIONS RELIABLE LENDING, LLC $320,000 n/a 0.4%
Residential Mortgage Solutions, Inc. $315,000 n/a 0.4%
CROSSCOUNTRY MORTGAGE, LLC $295,000 n/a 0.3%
ACCELERATE MORTGAGE, LLC $275,000 n/a 0.3%
MLD MORTGAGE INC. $275,000 n/a 0.3%
North American Savings Bank, F.S.B. $265,000 n/a 0.3%
RAPID MORTGAGE COMPANY $265,000 n/a 0.3%
The Huntington National Bank $150,000 $265,000 76.7% 0.3%
LENDINGONE, LLC $250,000 n/a 0.3%
AMERISAVE MORTGAGE CORPORATION $125,000 $240,000 92.0% 0.3%
HONDA Federal Credit Union $65,000 $235,000 261.5% 0.3%
ENDEAVOR CAPITAL, LLC. $225,000 n/a 0.3%
HOME POINT FINANCIAL CORPORATION $115,000 $220,000 91.3% 0.3%
ROYAL UNITED MORTGAGE LLC $775,000 $215,000 -72.3% 0.2%
BEACON CREDIT UNION $205,000 n/a 0.2%
ENVOY MORTGAGE, LTD $225,000 $185,000 -17.8% 0.2%
AMERICAN MORTGAGE SERVICE COMPANY $220,000 $175,000 -20.5% 0.2%
Atlantic Union Bank $175,000 n/a 0.2%
INLANTA MORTGAGE, INC. $175,000 n/a 0.2%
UNITED WHOLESALE MORTGAGE, LLC $160,000 n/a 0.2%
Wells Fargo Bank $295,000 $160,000 -45.8% 0.2%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $155,000 n/a 0.2%
LAKEVIEW LOAN SERVICING, LLC $135,000 $155,000 14.8% 0.2%
Nations Lending Corporation $155,000 n/a 0.2%
SOUTHWEST FUNDING, LP $155,000 n/a 0.2%
Colten Mortgage, LLC $145,000 n/a 0.2%
MIAMI UNIVERSITY COMMUNITY $95,000 $145,000 52.6% 0.2%
1ST SIGNATURE LENDING, LLC $135,000 n/a 0.2%
OCEANSIDE MORTGAGE COMPANY $135,000 n/a 0.2%
BETTER MORTGAGE CORPORATION $125,000 n/a 0.1%
SOFI LENDING CORP. $125,000 n/a 0.1%
KEMBA CREDIT UNION, INC. $115,000 n/a 0.1%
Civista Bank $105,000 n/a 0.1%
Gateway First Bank $105,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $105,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $165,000 $95,000 -42.4% 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $95,000 n/a 0.1%
STAR Financial Bank $95,000 n/a 0.1%
UNITED MORTGAGE CORP. $95,000 n/a 0.1%
GUARANTEED RATE, INC. $85,000 n/a 0.1%
KINECTA $85,000 n/a 0.1%
EUSTIS AND AMERICAN MORTGAGE COMPANY $75,000 n/a 0.1%
LOANPAL, LLC $180,000 $75,000 -58.3% 0.1%
MEMBER FIRST MORTGAGE, LLC $175,000 $75,000 -57.1% 0.1%
UNION HOME MORTGAGE CORP. $95,000 $75,000 -21.1% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $590,000 $60,000 -89.8% 0.1%
Bank of England $55,000 n/a 0.1%
BMO Harris Bank $200,000 $50,000 -75.0% 0.1%
Flanagan State Bank $45,000 n/a 0.1%
Regions Bank $45,000 n/a 0.1%
Centra Credit Union $35,000 n/a 0.0%
Union Savings Bank $105,000 $35,000 -66.7% 0.0%

Connersville's top lender by overall market share is Union Savings And Loan Association, with 14.6% market share. In second place, with 10.1%, is First Financial Bank, having originated $8,750,000 in loans. In third place, with 8.3%, is CALIBER HOME LOANS, INC., having originated $7,240,000 in loans. In third place, with 7.8%, is QUICKEN LOANS, LLC, having originated $6,795,000 in loans. In third place, with 6.1%, is FCN Bank, having originated $5,290,000 in loans.


Connersville, IN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 314 $36,870,000 $117,420
Refi 222 $24,940,000 $112,342
Cash Out Refi 174 $21,520,000 $123,678
Other 32 $1,560,000 $48,750
Home Improvement 26 $1,960,000 $75,385

Connersville's most frequently cited loan purpose was Home Purchase, with 314 originations. The 2nd most popular reason was Refi, with 222 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 257 $32,035,000 $124,650
2.5-3% 227 $27,245,000 $120,022
<2.5% 112 $10,560,000 $94,286
4-5% 33 $2,205,000 $66,818
5-6% 6 $220,000 $36,667
Over 8% 2 $250,000 $125,000
6-7% 1 $15,000 $15,000
7-8% 1 $25,000 $25,000

During 2021, Connersville's most frequently originated rate bucket was 3-4%, with 257 originations.

Loan Sizing (Connersville, IN MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 411 $25,665,000 $62,445
$100k-200k 279 $38,145,000 $136,720
$200k-400k 73 $19,405,000 $265,822
$400k-600k 4 $2,010,000 $502,500
$Over $1MM 1 $1,625,000 $1,625,000

Connersville's loan sizing saw the bucket of loans from $100,000 or less with 411 originations, totaling $25,665,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 282 $36,190,000 $128,333
60-80% 161 $21,505,000 $133,571
40-60% 77 $6,655,000 $86,429
20-40% 51 $2,995,000 $58,725
Under 20% 31 $675,000 $21,774
Over 100% 7 $1,085,000 $155,000

Connersville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 282 originations, totaling $36,190,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Connersville (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 $59,900 (-14.9%) $76,669 (-16.0%) 0.00 107
2018-02-01 $55,000 (-21.3%) $81,709 (-8.5%) 0.00 99
2018-03-01 $59,900 (-18.4%) $96,082 (4.3%) 0.00 91
2018-04-01 $64,900 (-16.5%) $99,331 (7.9%) 0.00 81
2018-05-01 $79,500 (13.7%) $98,047 (5.8%) 0.00 100
2018-06-01 $65,900 (-12.1%) $94,581 (-4.0%) 0.00 124
2018-07-01 $75,900 (1.3%) $101,770 (2.5%) 0.00 130
2018-08-01 $69,900 (0.0%) $98,552 (5.0%) 0.00 145
2018-09-01 $74,900 (25.0%) $109,666 (22.0%) 0.00 141
2018-10-01 $73,700 (13.6%) $108,335 (15.0%) 0.00 122
2018-11-01 $66,750 (11.3%) $107,234 (19.1%) 0.00 115
2018-12-01 $78,500 (31.1%) $109,562 (31.1%) 0.00 102
2019-01-01 $69,900 (16.7%) $97,409 (27.1%) 0.00 93
2019-02-01 $70,900 (28.9%) $93,588 (14.5%) 0.00 95
2019-03-01 $63,329 (5.7%) $88,826 (-7.6%) 0.00 89
2019-04-01 $67,329 (3.7%) $87,189 (-12.2%) 0.00 78
2019-05-01 $79,900 (0.5%) $101,234 (3.3%) 0.00 75
2019-06-01 $74,000 (12.3%) $106,402 (12.5%) 0.00 83
2019-07-01 $69,900 (-7.9%) $100,365 (-1.4%) 0.00 117
2019-08-01 $69,900 (0.0%) $100,993 (2.5%) 0.00 117
2019-09-01 $68,400 (-8.7%) $94,665 (-13.7%) 0.00 110
2019-10-01 $69,900 (-5.2%) $97,217 (-10.3%) 0.00 108
2019-11-01 $71,900 (7.7%) $95,773 (-10.7%) 0.00 106
2019-12-01 $64,700 (-17.6%) $98,967 (-9.7%) 0.00 100
2020-01-01 $55,400 (-20.7%) $94,792 (-2.7%) 0.00 94
2020-02-01 $56,900 (-19.8%) $104,175 (11.3%) 0.00 85
2020-03-01 $55,400 (-12.5%) $96,987 (9.2%) 0.00 78
2020-04-01 $59,900 (-11.0%) $97,713 (12.1%) 0.00 72
2020-05-01 $69,900 (-12.5%) $111,957 (10.6%) 0.00 57
2020-06-01 $69,200 (-6.5%) $98,790 (-7.2%) 0.00 55
2020-07-01 $69,900 (0.0%) $105,390 (5.0%) 0.00 48
2020-08-01 $69,900 (0.0%) $116,394 (15.3%) 0.00 43
2020-09-01 $78,900 (15.4%) $110,966 (17.2%) 0.00 47
2020-10-01 $84,900 (21.5%) $111,938 (15.1%) 0.00 53
2020-11-01 $80,950 (12.6%) $109,060 (13.9%) 0.00 51
2020-12-01 $78,450 (21.3%) $110,845 (12.0%) 0.00 48
2021-01-01 $84,900 (53.3%) $115,648 (22.0%) 0.00 40
2021-02-01 $80,250 (41.0%) $132,190 (26.9%) 0.00 44
2021-03-01 $74,900 (35.2%) $113,928 (17.5%) 0.00 39
2021-04-01 $69,950 (16.8%) $114,052 (16.7%) 0.00 29
2021-05-01 $95,000 (35.9%) $137,462 (22.8%) 0.00 26
2021-06-01 $120,000 (73.4%) $142,759 (44.5%) 0.00 49
2021-07-01 $114,950 (64.5%) $154,436 (46.5%) 0.00 43
2021-08-01 $139,900 (100.1%) $166,561 (43.1%) 0.00 61
2021-09-01 $144,950 (83.7%) $158,897 (43.2%) 0.00 54
2021-10-01 $139,900 (64.8%) $151,433 (35.3%) 0.00 54
2021-11-01 $130,450 (61.2%) $143,442 (31.5%) 0.00 39
2021-12-01 $139,900 (78.3%) $163,188 (47.2%) 0.00 33
2022-01-01 $149,900 (76.6%) $165,218 (42.9%) 0.00 40
2022-02-01 $144,450 (80.0%) $169,311 (28.1%) 0.00 25
2022-03-01 $176,400 (135.5%) $185,054 (62.4%) 0.00 24
2022-04-01 $124,900 (78.6%) $161,606 (41.7%) 0.00 30
2022-05-01 $125,400 (32.0%) $159,584 (16.1%) 0.00 47
2022-06-01 $124,450 (3.7%) $137,392 (-3.8%) 0.00 63
Connersville's median listing price for 2022-06-01 was $124,450, a difference of $4,450 (3.7%) versus the prior year and $-950 versus the prior month.

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

Connersville's average listing price for 2022-06-01 was $137,392, a difference of $-5,367 (-3.8%) versus the prior year and $-22,192 versus the prior month.

For the 2022-06-01 period, Connersville had 63 MLS listings, a difference of 16 listings (34%) versus the prior month and 14 listings (29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Connersville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,292 sqft
2018-02-01 0 days 1,345 sqft
2018-03-01 0 days 1,435 sqft
2018-04-01 0 days 1,314 sqft
2018-05-01 0 days 1,353 sqft
2018-06-01 0 days 1,440 sqft
2018-07-01 0 days 1,467 sqft
2018-08-01 0 days 1,408 sqft
2018-09-01 0 days 1,472 sqft
2018-10-01 0 days 1,452 sqft
2018-11-01 0 days 1,388 sqft
2018-12-01 0 days 1,388 sqft
2019-01-01 0 days 1,328 sqft
2019-02-01 0 days 1,388 sqft
2019-03-01 0 days 1,410 sqft
2019-04-01 0 days 1,440 sqft
2019-05-01 0 days 1,535 sqft
2019-06-01 0 days 1,508 sqft
2019-07-01 0 days 1,400 sqft
2019-08-01 0 days 1,422 sqft
2019-09-01 0 days 1,448 sqft
2019-10-01 0 days 1,476 sqft
2019-11-01 0 days 1,428 sqft
2019-12-01 0 days 1,460 sqft
2020-01-01 0 days 1,472 sqft
2020-02-01 0 days 1,512 sqft
2020-03-01 0 days 1,519 sqft
2020-04-01 0 days 1,503 sqft
2020-05-01 0 days 1,560 sqft
2020-06-01 0 days 1,405 sqft
2020-07-01 0 days 1,377 sqft
2020-08-01 0 days 1,470 sqft
2020-09-01 0 days 1,343 sqft
2020-10-01 0 days 1,434 sqft
2020-11-01 0 days 1,452 sqft
2020-12-01 0 days 1,395 sqft
2021-01-01 0 days 1,620 sqft
2021-02-01 0 days 1,603 sqft
2021-03-01 0 days 1,603 sqft
2021-04-01 0 days 1,569 sqft
2021-05-01 0 days 1,440 sqft
2021-06-01 0 days 1,510 sqft
2021-07-01 0 days 1,577 sqft
2021-08-01 0 days 1,618 sqft
2021-09-01 0 days 1,632 sqft
2021-10-01 0 days 1,374 sqft
2021-11-01 0 days 1,195 sqft
2021-12-01 0 days 1,316 sqft
2022-01-01 0 days 1,440 sqft
2022-02-01 0 days 1,479 sqft
2022-03-01 0 days 1,822 sqft
2022-04-01 0 days 1,484 sqft
2022-05-01 0 days 1,483 sqft
2022-06-01 0 days 1,541 sqft
Connersville's median listing age (time on market) for 2022-06-01 was 0 days.

Connersville's median square footage for active listings during the 2022-06-01 period was 1,541 sqft. One year prior, the average listing was 1,510 sqft.