Connersville Mortgage Rates
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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.