Coos Bay Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Coos Bay averaged
6.65%
for the week of 2024-10-24, compared to the national average of
6.54% for the same period.
The average rate for the prior week (2024-10-17) was
6.55% and
one month ago for the week of 2024-09-19, the
average rate was 6.1%.
Coos Bay's average rate one year ago was 7.64%.
For refis of the same type during the week of 2024-10-24, the average rate
was 6.74%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-24 | 6.54% |
Coos Bay 30 Year Fixed Rate | 2024-10-24 | 6.65% |
Coos Bay 30 Year Fixed Rate Refi | 2024-10-24 | 6.74% |
Coos Bay 15 Year Fixed Rate | 2024-10-24 | 5.91% |
Coos Bay 15 Year Fixed Rate Refi | 2024-10-24 | 5.61% |
Coos Bay 30 Year FHA | 2024-10-24 | 5.94% |
Coos Bay 30 Year FHA Refi | 2024-10-24 | 6.25% |
Coos Bay 30 Year USDA | 2024-10-24 | 6.39% |
Coos Bay 30 Year USDA Refi | 2024-10-24 | 6.19% |
Coos Bay 30 Year VA | 2024-10-24 | 5.93% |
Coos Bay 30 Year VA Refi | 2024-10-24 | 5.94% |
Coos Bay 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 Coos Bay, OR 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.).
Coos Bay Average Closing Costs & Other Stats
Coos Bay, OR's 90 lenders originated 1,183
loans during 2023. The total origination value was $278,235,000, with an average loan value of
$235,194.
Coos Bay's average closing costs are $6,166.
The top Coos Bay lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
66 loans originated. Their average total fees are
$8,627, which is $278
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Coos Bay lenders (with over 10 loans originated) are
FIRST COMMUNITY ($5,494), Banner Bank ($6,648), Ixonia Bank ($7,211), QUICKEN LOANS, LLC ($8,350) and GUILD MORTGAGE COMPANY ($8,627).
The lowest rate Coos Bay lenders (with over 10 loans originated) are
Banner Bank (6.66%), FIRST COMMUNITY (6.76%), QUICKEN LOANS, LLC (6.87%), CROSSCOUNTRY MORTGAGE, LLC (6.89%) and Ixonia Bank (6.94%).
Coos Bay, OR 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 |
---|---|---|---|---|
GUILD MORTGAGE COMPANY | $57,280,000 | $38,620,000 | -32.6% | 13.9% |
QUICKEN LOANS, LLC | $32,945,000 | $20,480,000 | -37.8% | 7.4% |
Banner Bank | $27,310,000 | $19,470,000 | -28.7% | 7.0% |
FIRST COMMUNITY | $11,480,000 | $13,240,000 | 15.3% | 4.8% |
Umpqua Bank | $34,300,000 | $12,210,000 | -64.4% | 4.4% |
DIRECTORS MORTGAGE, INC. | $20,055,000 | $12,160,000 | -39.4% | 4.4% |
Oregon Pacific Banking Company | $11,740,000 | n/a | 4.2% | |
UNITED WHOLESALE MORTGAGE, LLC | $10,535,000 | $9,725,000 | -7.7% | 3.5% |
Mortgage Research Center, LLC | $8,005,000 | $6,980,000 | -12.8% | 2.5% |
TWINSTAR | $175,000 | $6,425,000 | 3,571.4% | 2.3% |
ROGUE | $8,635,000 | $5,755,000 | -33.4% | 2.1% |
CROSSCOUNTRY MORTGAGE, LLC | $9,495,000 | $5,580,000 | -41.2% | 2.0% |
Arbor Realty Trust, Inc. | $4,945,000 | n/a | 1.8% | |
U.S. Bank | $9,245,000 | $4,635,000 | -49.9% | 1.7% |
Ixonia Bank | $1,680,000 | $4,475,000 | 166.4% | 1.6% |
NAVY FEDERAL CREDIT UNION | $4,705,000 | $3,115,000 | -33.8% | 1.1% |
SUMMIT FUNDING, INC. | $1,785,000 | $2,975,000 | 66.7% | 1.1% |
USAA Federal Savings Bank | $2,915,000 | $2,955,000 | 1.4% | 1.1% |
Wells Fargo Bank | $5,460,000 | $2,905,000 | -46.8% | 1.0% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,930,000 | $2,630,000 | -46.7% | 0.9% |
PENNYMAC LOAN SERVICES, LLC | $4,140,000 | $2,550,000 | -38.4% | 0.9% |
GUARANTEED RATE, INC. | $2,040,000 | $2,185,000 | 7.1% | 0.8% |
JPMorgan Chase Bank | $2,080,000 | $1,970,000 | -5.3% | 0.7% |
Sierra Pacific Mortgage Company, Inc. | $720,000 | $1,925,000 | 167.4% | 0.7% |
CMG MORTGAGE, INC. | $970,000 | $1,900,000 | 95.9% | 0.7% |
CALIBER HOME LOANS, INC. | $7,905,000 | $1,820,000 | -77.0% | 0.7% |
NEWREZ LLC | $2,225,000 | $1,780,000 | -20.0% | 0.6% |
SUMMIT MORTGAGE CORPORATION | $1,710,000 | n/a | 0.6% | |
LOANDEPOT.COM, LLC | $8,390,000 | $1,590,000 | -81.0% | 0.6% |
OnPoint Community Credit Union | $405,000 | $1,590,000 | 292.6% | 0.6% |
Willamette Valley Bank | $6,695,000 | $1,520,000 | -77.3% | 0.5% |
Commerce Home Mortgage, Inc. | $815,000 | $1,480,000 | 81.6% | 0.5% |
Century Mortgage Company DBA Century Lending Company | $9,980,000 | $1,400,000 | -86.0% | 0.5% |
BROKER SOLUTIONS, INC. | $2,440,000 | $1,340,000 | -45.1% | 0.5% |
MUTUAL OF OMAHA MORTGAGE, INC. | $2,515,000 | $1,335,000 | -46.9% | 0.5% |
MOVEMENT MORTGAGE, LLC | $990,000 | $1,315,000 | 32.8% | 0.5% |
The Federal Savings Bank | $2,220,000 | $1,290,000 | -41.9% | 0.5% |
NATIONS DIRECT MORTGAGE, LLC | $1,215,000 | $1,255,000 | 3.3% | 0.5% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $335,000 | $1,215,000 | 262.7% | 0.4% |
BAY EQUITY LLC | $1,255,000 | $1,210,000 | -3.6% | 0.4% |
PREMIER MORTGAGE RESOURCES, L.L.C. | $245,000 | $1,210,000 | 393.9% | 0.4% |
EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $1,515,000 | $1,195,000 | -21.1% | 0.4% |
CANOPY MORTGAGE, LLC | $1,855,000 | $1,180,000 | -36.4% | 0.4% |
Carrington Mortgage Services, LLC | $1,340,000 | $1,175,000 | -12.3% | 0.4% |
KeyBank | $710,000 | $1,165,000 | 64.1% | 0.4% |
MORTGAGE EXPRESS, LLC | $1,805,000 | $1,140,000 | -36.8% | 0.4% |
CHURCHILL MORTGAGE CORPORATION | $2,495,000 | $1,135,000 | -54.5% | 0.4% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $285,000 | $1,135,000 | 298.2% | 0.4% |
MANN FINANCIAL INC. | $1,035,000 | $1,125,000 | 8.7% | 0.4% |
PACIFIC RESIDENTIAL MORTGAGE, LLC | $1,655,000 | $1,115,000 | -32.6% | 0.4% |
AMERICAN FINANCIAL RESOURCES, INC. | $580,000 | $1,095,000 | 88.8% | 0.4% |
FREEDOM MORTGAGE CORPORATION | $4,115,000 | $1,080,000 | -73.8% | 0.4% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,135,000 | $1,045,000 | -7.9% | 0.4% |
MLD MORTGAGE INC. | $245,000 | $975,000 | 298.0% | 0.4% |
RED CANOE CREDIT UNION | $645,000 | $975,000 | 51.2% | 0.4% |
S1L, Inc. | $1,855,000 | $975,000 | -47.4% | 0.4% |
Mr. Cooper ( Nationstar Mortgage ) | $1,505,000 | $955,000 | -36.5% | 0.3% |
Nations Lending Corporation | $1,235,000 | $935,000 | -24.3% | 0.3% |
SUCCESS MORTGAGE PARTNERS, INC. | $930,000 | n/a | 0.3% | |
PLANET HOME LENDING, LLC | $195,000 | $925,000 | 374.4% | 0.3% |
BMO Harris Bank | $885,000 | n/a | 0.3% | |
Figure Lending LLC | $240,000 | $840,000 | 250.0% | 0.3% |
TRIAD FINANCIAL SERVICES, INC. | $500,000 | $830,000 | 66.0% | 0.3% |
VILLAGE CAPITAL MORTGAGE | $345,000 | $830,000 | 140.6% | 0.3% |
Boeing Employees Credit Union | $610,000 | $820,000 | 34.4% | 0.3% |
Washington Federal Bank | $760,000 | $740,000 | -2.6% | 0.3% |
UNION HOME MORTGAGE CORP. | $725,000 | n/a | 0.3% | |
SUN WEST MORTGAGE COMPANY, INC. | $765,000 | $720,000 | -5.9% | 0.3% |
FIRST TECHNOLOGY | $675,000 | $715,000 | 5.9% | 0.3% |
AMERISAVE MORTGAGE CORPORATION | $2,155,000 | $660,000 | -69.4% | 0.2% |
NEW DAY FINANCIAL, LLC | $1,260,000 | $660,000 | -47.6% | 0.2% |
MID AMERICA MORTGAGE, INC. | $475,000 | $650,000 | 36.8% | 0.2% |
CENTRAL WILLAMETTE Credit Union | $635,000 | n/a | 0.2% | |
Discover Bank | $410,000 | $620,000 | 51.2% | 0.2% |
ACADEMY MORTGAGE CORPORATION | $965,000 | $600,000 | -37.8% | 0.2% |
First Interstate Bank | $1,330,000 | $600,000 | -54.9% | 0.2% |
FINANCE OF AMERICA REVERSE LLC | $570,000 | $595,000 | 4.4% | 0.2% |
NOVA FINANCIAL & INVESTMENT CORPORATION | $340,000 | $570,000 | 67.6% | 0.2% |
Bank of America | $1,155,000 | $540,000 | -53.2% | 0.2% |
CREDIT HUMAN FEDERAL CREDIT UNION | $375,000 | $535,000 | 42.7% | 0.2% |
CALCON MUTUAL MORTGAGE LLC | $475,000 | n/a | 0.2% | |
MARION AND POLK SCHOOLS CREDIT UNION | $455,000 | n/a | 0.2% | |
People's Bank of Commerce | $445,000 | n/a | 0.2% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $885,000 | $445,000 | -49.7% | 0.2% |
Loan Simple, Inc. | $255,000 | $440,000 | 72.5% | 0.2% |
PENTAGON FEDERAL CREDIT UNION | $455,000 | $440,000 | -3.3% | 0.2% |
SELCO COMMUNITY | $295,000 | $440,000 | 49.2% | 0.2% |
Plains Commerce Bank | $435,000 | n/a | 0.2% | |
STAR ONE CREDIT UNION | $435,000 | n/a | 0.2% | |
NBKC BANK | $425,000 | n/a | 0.2% | |
PREMIA MORTGAGE, LLC | $305,000 | $385,000 | 26.2% | 0.1% |
Gallic & Johnson, LLC | $85,000 | $375,000 | 341.2% | 0.1% |
LONGBRIDGE FINANCIAL, LLC | $405,000 | $370,000 | -8.6% | 0.1% |
GoPrime Mortgage, Inc. | $410,000 | $360,000 | -12.2% | 0.1% |
AMERICAN FINANCING CORPORATION | $790,000 | $355,000 | -55.1% | 0.1% |
Golden Empire Mortgage, Inc. | $285,000 | $345,000 | 21.1% | 0.1% |
Magnolia Bank | $195,000 | $345,000 | 76.9% | 0.1% |
ZILLOW HOME LOANS, LLC | $635,000 | $345,000 | -45.7% | 0.1% |
MOUNTAIN AMERICA | $335,000 | n/a | 0.1% | |
PROVIDENT FUNDING ASSOCIATES, L.P. | $335,000 | n/a | 0.1% | |
21ST MORTGAGE CORPORATION | $115,000 | $315,000 | 173.9% | 0.1% |
The Central Trust Bank | $315,000 | n/a | 0.1% | |
ARC HOME LLC | $305,000 | n/a | 0.1% | |
NATIONWIDE EQUITIES CORPORATION | $305,000 | n/a | 0.1% | |
AmeriHome Mortgage Company, LLC | $295,000 | n/a | 0.1% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $470,000 | $295,000 | -37.2% | 0.1% |
NuVision Federal Credit Union | $275,000 | n/a | 0.1% | |
Servion, Inc. | $275,000 | n/a | 0.1% | |
PLAZA HOME MORTGAGE, INC. | $265,000 | n/a | 0.1% | |
HighTechLending Inc | $260,000 | n/a | 0.1% | |
Arvest Bank | $255,000 | n/a | 0.1% | |
Hometown Equity Mortgage, LLC | $255,000 | n/a | 0.1% | |
EMBRACE HOME LOANS, INC. | $245,000 | n/a | 0.1% | |
FIRST CENTENNIAL MORTGAGE CORPORATION | $245,000 | n/a | 0.1% | |
HOMESIDE FINANCIAL, LLC | $305,000 | $245,000 | -19.7% | 0.1% |
LENDINGHOME FUNDING CORPORATION | $955,000 | $245,000 | -74.3% | 0.1% |
Barrington Bank & Trust Company, N.A. | $1,510,000 | $235,000 | -84.4% | 0.1% |
LPMC, LLC | $1,000,000 | $235,000 | -76.5% | 0.1% |
Oregon State Credit Union | $790,000 | $230,000 | -70.9% | 0.1% |
ALLIANT CREDIT UNION | $275,000 | $225,000 | -18.2% | 0.1% |
EVERETT FINANCIAL, INC. | $225,000 | n/a | 0.1% | |
LENDSURE MORTGAGE CORP. | $225,000 | n/a | 0.1% | |
OREGON COMMUNITY | $1,815,000 | $225,000 | -87.6% | 0.1% |
Coastal Community Bank | $215,000 | n/a | 0.1% | |
V.I.P. MORTGAGE, INC. | $215,000 | n/a | 0.1% | |
HomeStreet Bank | $435,000 | $205,000 | -52.9% | 0.1% |
Morgan Stanley Private Bank | $860,000 | $205,000 | -76.2% | 0.1% |
Presidential Bank, FSB | $205,000 | n/a | 0.1% | |
SOUTHWEST STAGE FUNDING, LLC | $295,000 | $205,000 | -30.5% | 0.1% |
1st Security Bank of Washington | $925,000 | $195,000 | -78.9% | 0.1% |
CITIZENS EQUITY FIRST | $195,000 | n/a | 0.1% | |
LADERA LENDING, INC. | $195,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $1,055,000 | $185,000 | -82.5% | 0.1% |
GTE Federal Credit Union | $185,000 | n/a | 0.1% | |
LIBERTY HOME MORTGAGE CORPORATION | $185,000 | n/a | 0.1% | |
OAKTREE FUNDING CORP. | $185,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $170,000 | $185,000 | 8.8% | 0.1% |
CARDINAL FINANCIAL | $1,220,000 | $175,000 | -85.7% | 0.1% |
PHH Mortgage Corporation | $360,000 | $175,000 | -51.4% | 0.1% |
Truist | $175,000 | n/a | 0.1% | |
WASHINGTON STATE EMPLOYEES Credit Union | $170,000 | n/a | 0.1% | |
CHERRY CREEK MORTGAGE, LLC | $315,000 | $165,000 | -47.6% | 0.1% |
Bank of England | $155,000 | n/a | 0.1% | |
NETWORK CAPITAL FUNDING CORPORATION | $490,000 | $155,000 | -68.4% | 0.1% |
ON Q FINANCIAL, INC. | $145,000 | n/a | 0.1% | |
Prosperity Home Mortgage, LLC | $125,000 | n/a | 0.0% | |
Flagstar Bank, FSB | $1,730,000 | $105,000 | -93.9% | 0.0% |
Signature Federal Credit Union | $175,000 | $105,000 | -40.0% | 0.0% |
Mid Oregon Federal Credit Union | $75,000 | n/a | 0.0% | |
PNC Bank | $75,000 | n/a | 0.0% | |
ADVANTIS | $255,000 | $35,000 | -86.3% | 0.0% |
Lakeview Community Capital, LLC | $215,000 | $25,000 | -88.4% | 0.0% |
Coos Bay's top lender by overall market share is GUILD MORTGAGE COMPANY, with 13.9% market share. In second place, with 7.4%, is QUICKEN LOANS, LLC, having originated $20,480,000 in loans. In third place, with 7.0%, is Banner Bank, having originated $19,470,000 in loans. In fourth place, with 4.8%, is FIRST COMMUNITY, having originated $13,240,000 in loans. In fifth place, with 4.4%, is Umpqua Bank, having originated $12,210,000 in loans.
Coos Bay, OR Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 618 | $186,850,000 | $302,346 |
Home Improvement | 198 | $15,410,000 | $77,828 |
Cash Out Refi | 164 | $39,160,000 | $238,780 |
Other | 134 | $11,610,000 | $86,642 |
Refi | 69 | $25,205,000 | $365,290 |
Coos Bay's most frequently cited loan purpose was Home Purchase, with 618 originations. The 2nd most popular reason was Home Improvement, with 198 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 439 | $114,035,000 | $259,761 |
7-8% | 288 | $74,800,000 | $259,722 |
Over 8% | 261 | $27,095,000 | $103,812 |
5-6% | 171 | $45,535,000 | $266,287 |
4-5% | 11 | $3,035,000 | $275,909 |
2.5-3% | 3 | $945,000 | $315,000 |
3-4% | 2 | $350,000 | $175,000 |
During 2023, Coos Bay's most frequently originated rate bucket was 6-7%, with 439 originations.
Loan Sizing (Coos Bay, OR MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 500 | $142,070,000 | $284,140 |
$100,000 or less | 302 | $15,880,000 | $52,583 |
$100k-200k | 237 | $34,625,000 | $146,097 |
$400k-600k | 117 | $53,795,000 | $459,786 |
$600k-1000k | 25 | $16,915,000 | $676,600 |
$Over $1MM | 2 | $14,950,000 | $7,475,000 |
Coos Bay's loan sizing saw the bucket of loans from $200k-400k with 500 originations, totaling $142,070,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 384 | $122,940,000 | $320,156 |
Under 20% | 256 | $13,480,000 | $52,656 |
60-80% | 224 | $71,390,000 | $318,705 |
20-40% | 150 | $19,180,000 | $127,867 |
40-60% | 138 | $29,940,000 | $216,957 |
Over 100% | 21 | $7,995,000 | $380,714 |
Coos Bay's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 384 originations, totaling $122,940,000 in origination value.