Corning Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Corning averaged 7.05% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

    The average rate for the prior week (2023-11-22) was 6.82% and one month ago for the week of 2023-10-26, the average rate was 7.52%.

    Corning's average rate one year ago was 6.01%.

    For refis of the same type during the week of 2023-11-30, the average rate was 7.62%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-30 7.22%
    Corning 30 Year Fixed Rate 2023-11-30 7.05%
    Corning 30 Year Fixed Rate Refi 2023-11-30 7.62%
    Corning 15 Year Fixed Rate 2023-11-30 6.12%
    Corning 15 Year Fixed Rate Refi 2023-11-30 6.86%
    Corning 30 Year FHA 2023-11-30 6.47%
    Corning 30 Year FHA Refi 2023-11-30 6.95%
    Corning 30 Year USDA 2023-11-30 7.1%
    Corning 30 Year USDA Refi 2023-11-30 7.1%
    Corning 30 Year VA 2023-11-30 6.87%
    Corning 30 Year VA Refi 2023-11-30 6.77%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Corning, NY.

    Corning 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 Corning, NY 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    CORNING 112 4.68% $3,624
    Community Bank 77 5.42% $1,013
    FIRST HERITAGE FEDERAL CREDIT UNION 40 4.20% $2,725
    MOVEMENT MORTGAGE, LLC 24 5.56% $5,027
    QUICKEN LOANS, LLC 23 4.92% $7,075
    Premium Mortgage Corporation 18 4.72% $3,422
    PRIMELENDING, A PLAINSCAPITAL COMPANY 15 5.14% $4,673
    Wells Fargo Bank 14 4.88% $6,448
    Chemung Canal Trust Company 14 4.62% $1,234
    The Lyons National Bank 13 4.35% $5,367
    PARAGON HOME LOANS INC. 12 5.30% $3,800
    Five Star Bank 12 4.93% $3,147
    1ST PRIORITY MORTGAGE, INC. 11 4.70% $3,708
    Genesee Regional Bank 11 5.41% $6,286
    Farm Credit East, ACA 8 5.36% $4,687
    M&T Bank 8 4.16% $5,299
    VISIONS 8 3.70% $2,723
    Citizens & Northern Bank 8 5.36% $4,066
    PREMIA MORTGAGE, LLC 7 4.67% $1,232
    Mr. Cooper ( Nationstar Mortgage ) 6 5.21% $5,587
    Elmira Savings Bank 6 3.58% $2,237
    FREEDOM MORTGAGE CORPORATION 6 4.97% $4,951
    Bank of America 6 3.94% $6,035
    UNITED WHOLESALE MORTGAGE, LLC 5 5.62% $7,055
    HOMESTEAD FUNDING CORP. 5 5.53% $3,522
    JPMorgan Chase Bank 4 4.28% $4,468
    Tompkins Trust Company 4 4.84% $3,585
    HOME TOWN FUNDING, INC. 4 4.81% $2,620
    PNC Bank 4 5.69% $5,336
    ESL Federal Credit Union 3 4.33% $3,554
    Citizens Bank 3 5.83% $4,950
    NAVY FEDERAL CREDIT UNION 3 6.33% $2,283
    BETTER MORTGAGE CORPORATION 2 4.13% $3,902
    GUARANTEED RATE, INC. 2 4.18% $4,981
    CROSSCOUNTRY MORTGAGE, LLC 2 5.81% $6,008
    Northwest Bank 2 5.44% $4,740
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.13% $5,630
    Morgan Stanley Private Bank 2 4.85% $6,973
    DIGITAL Federal Credit Union 2 4.31% $3,243
    Empower Federal Credit Union 2 3.81% $4,669
    Discover Bank 2 7.37% $0
    THE SUMMIT Federal Credit Union 1 6.00% $2,433
    KeyBank 1 2.99% $4,517
    CNB Bank 1 5.38% $3,330
    CONTOUR MORTGAGE CORPORATION 1 5.88% $3,966
    CIBC Bank USA 1 6.13% $4,751
    Evans Bank 1 6.63% $2,835
    EVERETT FINANCIAL, INC. 1 6.13% $3,517
    First Citizens Community Bank 1 6.88% $2,377
    First Federal Bank of Kansas City 1 3.25% $5,356
    Charles Schwab Bank, SSB 1 3.48% $3,164
    First National Bank of Pennsylvania 1 5.75% $3,940
    CFCU Community Credit Union 1 5.38% $0
    21ST MORTGAGE CORPORATION 1 5.80% $6,660
    HUNT MORTGAGE CORPORATION 1 3.25% $3,269
    City National Bank 1 4.65% $4,847
    LOANDEPOT.COM, LLC 1 2.99% $3,944
    MID-HUDSON VALLEY 1 4.38% $3,071
    Mortgage Research Center, LLC 1 4.99% $3,506
    CCFCU FUNDING, LLC 1 4.00% $3,549
    NBKC BANK 1 6.13% $4,420
    NETWORK CAPITAL FUNDING CORPORATION 1 7.00% $6,779
    NEWREZ LLC 1 3.63% $4,034
    Carrington Mortgage Services, LLC 1 4.38% $5,406
    PLAZA HOME MORTGAGE, INC. 1 5.99% $3,470
    Armed Forces Bank 1 7.25% $6,807
    RELIANT COMMUNITY FEDERAL CREDIT UNION 1 5.00% $3,915
    SEFCU SERVICES, LLC 1 3.50% $3,032
    AMERICU Credit Union 1 5.25% $3,013

    Corning Average Closing Costs & Other Stats

    Corning, NY's 69 lenders originated 1,948 loans during 2022. The total origination value was $286,050,000, with an average loan value of $146,843.

    Corning's average closing costs are $3,764.

    The top Corning lender as defined by loan originations is CORNING, with 112 loans originated. Their average total fees are $3,624, which is $2,611 higher than the next largest lender, Community Bank.

    The lowest fee Corning lenders (with over 10 loans originated) are Community Bank ($1,013), Chemung Canal Trust Company ($1,234), FIRST HERITAGE FEDERAL CREDIT UNION ($2,725), Five Star Bank ($3,147) and Premium Mortgage Corporation ($3,422).

    The lowest rate Corning lenders (with over 10 loans originated) are FIRST HERITAGE FEDERAL CREDIT UNION (4.20%), The Lyons National Bank (4.35%), Chemung Canal Trust Company (4.62%), CORNING (4.68%) and 1ST PRIORITY MORTGAGE, INC. (4.70%).

    Corning, NY 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
    CORNING $68,040,000 $53,290,000 -21.7% 18.6%
    Community Bank $26,690,000 $25,680,000 -3.8% 9.0%
    Five Star Bank $7,120,000 $20,665,000 190.2% 7.2%
    FIRST HERITAGE FEDERAL CREDIT UNION $18,285,000 $16,750,000 -8.4% 5.9%
    SERVU FEDERAL CREDIT UNION $14,410,000 $15,940,000 10.6% 5.6%
    QUICKEN LOANS, LLC $26,120,000 $14,470,000 -44.6% 5.1%
    FirstBank $8,850,000 n/a 3.1%
    PARAGON HOME LOANS INC. $7,660,000 $8,670,000 13.2% 3.0%
    MOVEMENT MORTGAGE, LLC $5,270,000 $8,300,000 57.5% 2.9%
    Premium Mortgage Corporation $8,550,000 $7,005,000 -18.1% 2.4%
    HOME TOWN FUNDING, INC. $6,560,000 $5,845,000 -10.9% 2.0%
    The Lyons National Bank $7,600,000 $5,550,000 -27.0% 1.9%
    M&T Bank $5,095,000 $5,300,000 4.0% 1.9%
    Chemung Canal Trust Company $4,745,000 $5,005,000 5.5% 1.7%
    Wells Fargo Bank $5,505,000 $4,955,000 -10.0% 1.7%
    Citizens & Northern Bank $3,300,000 $4,915,000 48.9% 1.7%
    Genesee Regional Bank $3,695,000 $4,560,000 23.4% 1.6%
    Mortgage Research Center, LLC $2,935,000 $3,930,000 33.9% 1.4%
    FREEDOM MORTGAGE CORPORATION $6,270,000 $3,530,000 -43.7% 1.2%
    Empower Federal Credit Union $1,220,000 $3,345,000 174.2% 1.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $3,470,000 $3,280,000 -5.5% 1.1%
    1ST PRIORITY MORTGAGE, INC. $3,760,000 $3,025,000 -19.5% 1.1%
    PREMIA MORTGAGE, LLC $3,965,000 $2,950,000 -25.6% 1.0%
    VISIONS $2,540,000 $2,445,000 -3.7% 0.9%
    WALKER & DUNLOP, LLC $2,395,000 n/a 0.8%
    Farm Credit East, ACA $3,885,000 $2,340,000 -39.8% 0.8%
    UNITED WHOLESALE MORTGAGE, LLC $2,335,000 $2,325,000 -0.4% 0.8%
    Elmira Savings Bank $19,100,000 $2,130,000 -88.8% 0.7%
    ESL Federal Credit Union $3,550,000 $2,030,000 -42.8% 0.7%
    Bank of America $1,540,000 $2,025,000 31.5% 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $2,410,000 $1,950,000 -19.1% 0.7%
    NEWREZ LLC $840,000 $1,895,000 125.6% 0.7%
    HUDSON VALLEY CREDIT UNION $1,645,000 n/a 0.6%
    NAVY FEDERAL CREDIT UNION $1,210,000 $1,345,000 11.2% 0.5%
    Morgan Stanley Private Bank $1,220,000 n/a 0.4%
    JPMorgan Chase Bank $2,395,000 $1,190,000 -50.3% 0.4%
    Pittsford Federal Credit Union $430,000 $1,155,000 168.6% 0.4%
    Tompkins Trust Company $205,000 $1,050,000 412.2% 0.4%
    The Canandaigua National Bank and Trust Company $1,195,000 $1,040,000 -13.0% 0.4%
    USAA Federal Savings Bank $1,605,000 $1,030,000 -35.8% 0.4%
    Citizens Bank $1,385,000 $1,005,000 -27.4% 0.4%
    LOANDEPOT.COM, LLC $2,305,000 $1,000,000 -56.6% 0.3%
    Carrington Mortgage Services, LLC $475,000 $875,000 84.2% 0.3%
    HOMESTEAD FUNDING CORP. $240,000 $860,000 258.3% 0.3%
    PNC Bank $735,000 n/a 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $125,000 $700,000 460.0% 0.2%
    Northwest Bank $255,000 $610,000 139.2% 0.2%
    GENESEE VALLEY $690,000 $570,000 -17.4% 0.2%
    CNB Bank $545,000 n/a 0.2%
    Shamrock Home Loans, Inc. $540,000 n/a 0.2%
    The Honesdale National Bank $475,000 n/a 0.2%
    HUNT MORTGAGE CORPORATION $985,000 $455,000 -53.8% 0.2%
    GUARANTEED RATE, INC. $1,280,000 $445,000 -65.2% 0.2%
    LIMA ONE CAPITAL, LLC $445,000 n/a 0.2%
    Charles Schwab Bank, SSB $415,000 n/a 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $825,000 $405,000 -50.9% 0.1%
    CALIBER HOME LOANS, INC. $680,000 $370,000 -45.6% 0.1%
    GUIDANCE RESIDENTIAL, LLC $365,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $1,290,000 $355,000 -72.5% 0.1%
    AMERICAN FINANCING CORPORATION $615,000 $350,000 -43.1% 0.1%
    TOTAL MORTGAGE SERVICES, LLC $490,000 $345,000 -29.6% 0.1%
    KeyBank $3,150,000 $340,000 -89.2% 0.1%
    THE SUMMIT Federal Credit Union $380,000 $330,000 -13.2% 0.1%
    ROYAL UNITED MORTGAGE LLC $335,000 $325,000 -3.0% 0.1%
    Lake Shore Savings Bank $315,000 n/a 0.1%
    RELIANT COMMUNITY FEDERAL CREDIT UNION $440,000 $305,000 -30.7% 0.1%
    BETTER MORTGAGE CORPORATION $635,000 $270,000 -57.5% 0.1%
    Armed Forces Bank $265,000 n/a 0.1%
    REVERSE MORTGAGE FUNDING LLC $265,000 n/a 0.1%
    First Federal Bank of Kansas City $255,000 n/a 0.1%
    SEFCU SERVICES, LLC $255,000 n/a 0.1%
    Bethpage Federal Credit Union $250,000 n/a 0.1%
    PLAZA HOME MORTGAGE, INC. $710,000 $250,000 -64.8% 0.1%
    Advisors Mortgage Group, L.L.C. $265,000 $245,000 -7.5% 0.1%
    Discover Bank $160,000 $245,000 53.1% 0.1%
    Barrington Bank & Trust Company, N.A. $585,000 $240,000 -59.0% 0.1%
    DIGITAL Federal Credit Union $220,000 $220,000 0.0% 0.1%
    CORPORATE AMERICA FAMILY $215,000 n/a 0.1%
    The Upstate National Bank $215,000 n/a 0.1%
    CIBC Bank USA $205,000 n/a 0.1%
    City National Bank $545,000 $205,000 -62.4% 0.1%
    UTILITIES EMPLOYEES CREDIT UNION $205,000 n/a 0.1%
    Bank of England $485,000 $200,000 -58.8% 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $135,000 $195,000 44.4% 0.1%
    Generations Bank $490,000 $190,000 -61.2% 0.1%
    Hometown Equity Mortgage, LLC $175,000 n/a 0.1%
    First Citizens Community Bank $165,000 n/a 0.1%
    CCFCU FUNDING, LLC $155,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $155,000 n/a 0.1%
    Flagstar Bank, FSB $745,000 $155,000 -79.2% 0.1%
    NETWORK CAPITAL FUNDING CORPORATION $155,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $500,000 $145,000 -71.0% 0.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $655,000 $135,000 -79.4% 0.0%
    MID-HUDSON VALLEY $135,000 n/a 0.0%
    NIAGARA'S CHOICE $135,000 n/a 0.0%
    ROUNDPOINT MORTGAGE SERVICING CORPORATION $490,000 $135,000 -72.4% 0.0%
    AMERICU Credit Union $230,000 $125,000 -45.7% 0.0%
    First National Bank of Pennsylvania $125,000 n/a 0.0%
    NBKC BANK $245,000 $125,000 -49.0% 0.0%
    Wayne Bank $285,000 $125,000 -56.1% 0.0%
    NATIONWIDE MORTGAGE BANKERS, INC. $115,000 n/a 0.0%
    Tioga State Bank $810,000 $115,000 -85.8% 0.0%
    TRIAD FINANCIAL SERVICES, INC. $55,000 $115,000 109.1% 0.0%
    CFCU Community Credit Union $105,000 n/a 0.0%
    CONTOUR MORTGAGE CORPORATION $95,000 n/a 0.0%
    PENTAGON FEDERAL CREDIT UNION $95,000 n/a 0.0%
    SERVICE 1ST $95,000 n/a 0.0%
    Valley National Bank $65,000 n/a 0.0%
    Advantage Federal Credit Union $55,000 n/a 0.0%
    FAMILY FIRST OF NY $55,000 n/a 0.0%
    JUSTICE Federal Credit Union $55,000 n/a 0.0%
    Evans Bank $45,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $5,000 n/a 0.0%

    Corning's top lender by overall market share is CORNING, with 18.6% market share. In second place, with 9.0%, is Community Bank, having originated $25,680,000 in loans. In third place, with 7.2%, is Five Star Bank, having originated $20,665,000 in loans. In fourth place, with 5.9%, is FIRST HERITAGE FEDERAL CREDIT UNION, having originated $16,750,000 in loans. In fifth place, with 5.6%, is SERVU FEDERAL CREDIT UNION, having originated $15,940,000 in loans.

    Corning Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Corning (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 $130,950 (5.1%) $195,193 (2.7%) 0.00 390
    2018-02-01 $138,450 (13.2%) $195,337 (3.4%) 0.00 382
    2018-03-01 $139,000 (7.4%) $197,702 (1.4%) 0.00 367
    2018-04-01 $129,900 (0.7%) $196,943 (-0.2%) 0.00 366
    2018-05-01 $129,575 (-4.0%) $198,038 (-12.6%) 0.00 398
    2018-06-01 $129,900 (-7.2%) $199,104 (-12.3%) 0.00 420
    2018-07-01 $138,450 (-1.0%) $199,633 (-11.0%) 0.00 450
    2018-08-01 $134,450 (-5.6%) $197,085 (-11.2%) 0.00 466
    2018-09-01 $133,400 (-1.1%) $198,011 (-11.3%) 0.00 462
    2018-10-01 $130,075 (-5.4%) $196,526 (-13.5%) 0.00 455
    2018-11-01 $134,900 (-7.0%) $199,527 (-11.5%) 0.00 435
    2018-12-01 $129,300 (-7.3%) $199,188 (-0.6%) 0.00 379
    2019-01-01 $129,100 (-1.4%) $188,873 (-3.2%) 0.00 343
    2019-02-01 $129,750 (-6.3%) $191,422 (-2.0%) 0.00 336
    2019-03-01 $138,386 (-0.4%) $207,107 (4.8%) 0.00 321
    2019-04-01 $148,286 (14.2%) $223,748 (13.6%) 0.00 303
    2019-05-01 $141,675 (9.3%) $218,902 (10.5%) 0.00 332
    2019-06-01 $150,000 (15.5%) $220,351 (10.7%) 0.00 341
    2019-07-01 $149,650 (8.1%) $210,653 (5.5%) 0.00 371
    2019-08-01 $142,173 (5.7%) $209,551 (6.3%) 0.00 371
    2019-09-01 $138,082 (3.5%) $208,941 (5.5%) 0.00 369
    2019-10-01 $135,355 (4.1%) $208,290 (6.0%) 0.00 362
    2019-11-01 $139,900 (3.7%) $217,629 (9.1%) 0.00 325
    2019-12-01 $139,900 (8.2%) $218,866 (9.9%) 0.00 329
    2020-01-01 $135,900 (5.3%) $213,731 (13.2%) 0.00 309
    2020-02-01 $135,900 (4.7%) $217,529 (13.6%) 0.00 279
    2020-03-01 $137,225 (-0.8%) $217,556 (5.1%) 0.00 263
    2020-04-01 $146,725 (-1.1%) $233,580 (4.4%) 0.00 245
    2020-05-01 $149,900 (5.8%) $244,239 (11.6%) 0.00 237
    2020-06-01 $153,975 (2.7%) $234,971 (6.6%) 0.00 252
    2020-07-01 $167,700 (12.1%) $238,356 (13.2%) 0.00 249
    2020-08-01 $164,900 (16.0%) $233,561 (11.5%) 0.00 249
    2020-09-01 $179,450 (30.0%) $247,553 (18.5%) 0.00 244
    2020-10-01 $174,900 (29.2%) $240,447 (15.4%) 0.00 226
    2020-11-01 $179,575 (28.4%) $256,571 (17.9%) 0.00 218
    2020-12-01 $177,175 (26.6%) $262,800 (20.1%) 0.00 196
    2021-01-01 $173,950 (28.0%) $264,578 (23.8%) 0.00 187
    2021-02-01 $185,000 (36.1%) $284,925 (31.0%) 0.00 160
    2021-03-01 $194,900 (42.0%) $292,731 (34.6%) 0.00 151
    2021-04-01 $174,950 (19.2%) $293,517 (25.7%) 0.00 129
    2021-05-01 $199,700 (33.2%) $291,852 (19.5%) 0.00 117
    2021-06-01 $182,400 (18.5%) $308,372 (31.2%) 0.00 127
    2021-07-01 $175,000 (4.4%) $294,485 (23.6%) 0.00 146
    2021-08-01 $177,450 (7.6%) $266,584 (14.1%) 0.00 158
    2021-09-01 $182,475 (1.7%) $268,987 (8.7%) 0.00 168
    2021-10-01 $179,000 (2.3%) $249,850 (3.9%) 0.00 176
    2021-11-01 $174,950 (-2.6%) $241,831 (-5.7%) 0.00 170
    2021-12-01 $166,975 (-5.8%) $238,419 (-9.3%) 0.00 154
    2022-01-01 $169,900 (-2.3%) $247,501 (-6.5%) 0.00 141
    2022-02-01 $159,900 (-13.6%) $241,062 (-15.4%) 0.00 129
    2022-03-01 $159,900 (-18.0%) $244,782 (-16.4%) 0.00 111
    2022-04-01 $169,900 (-2.9%) $250,522 (-14.7%) 0.00 103
    2022-05-01 $174,975 (-12.4%) $258,116 (-11.6%) 0.00 116
    2022-06-01 $188,725 (3.5%) $274,029 (-11.1%) 0.00 149
    2022-07-01 $196,950 (12.5%) $284,020 (-3.6%) 0.00 167
    2022-08-01 $199,000 (12.1%) $285,302 (7.0%) 0.00 183
    2022-09-01 $207,450 (13.7%) $316,134 (17.5%) 0.00 177
    2022-10-01 $189,000 (5.6%) $308,091 (23.3%) 0.00 179
    2022-11-01 $189,225 (8.2%) $314,231 (29.9%) 0.00 167
    2022-12-01 $182,500 (9.3%) $303,786 (27.4%) 0.00 146
    2023-01-01 $174,950 (3.0%) $293,582 (18.6%) 0.00 124
    2023-02-01 $174,450 (9.1%) $286,240 (18.7%) 0.00 120
    2023-03-01 $172,375 (7.8%) $242,680 (-0.9%) 0.00 122
    2023-04-01 $179,000 (5.4%) $242,575 (-3.2%) 0.00 114
    2023-05-01 $189,900 (8.5%) $242,436 (-6.1%) 0.00 129
    2023-06-01 $179,700 (-4.8%) $280,263 (2.3%) 0.00 135
    2023-07-01 $182,450 (-7.4%) $294,897 (3.8%) 0.00 136
    2023-08-01 $186,225 (-6.4%) $292,725 (2.6%) 0.00 148
    2023-09-01 $199,000 (-4.1%) $301,620 (-4.6%) 0.00 163
    2023-10-01 $187,175 (-1.0%) $282,877 (-8.2%) 0.00 183
    2023-11-01 $184,950 (-2.3%) $272,116 (-13.4%) 0.00 179
    Corning's median listing price for 2023-11-01 was $184,950, a difference of $-4,275 (-2.3%) versus the prior year and $-2,225 versus the prior month.

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

    Corning's average listing price for 2023-11-01 was $272,116, a difference of $-42,115 (-13.4%) versus the prior year and $-10,761 versus the prior month.

    For the 2023-11-01 period, Corning had 179 MLS listings, a difference of -4 listings (-2%) versus the prior month and 12 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Corning (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,724 sqft
    2018-02-01 0 days 1,755 sqft
    2018-03-01 0 days 1,800 sqft
    2018-04-01 0 days 1,791 sqft
    2018-05-01 0 days 1,678 sqft
    2018-06-01 0 days 1,680 sqft
    2018-07-01 0 days 1,766 sqft
    2018-08-01 0 days 1,739 sqft
    2018-09-01 0 days 1,712 sqft
    2018-10-01 0 days 1,670 sqft
    2018-11-01 0 days 1,734 sqft
    2018-12-01 0 days 1,704 sqft
    2019-01-01 0 days 1,756 sqft
    2019-02-01 0 days 1,750 sqft
    2019-03-01 0 days 1,802 sqft
    2019-04-01 0 days 1,837 sqft
    2019-05-01 0 days 1,752 sqft
    2019-06-01 0 days 1,804 sqft
    2019-07-01 0 days 1,810 sqft
    2019-08-01 0 days 1,824 sqft
    2019-09-01 0 days 1,806 sqft
    2019-10-01 0 days 1,794 sqft
    2019-11-01 0 days 1,784 sqft
    2019-12-01 0 days 1,782 sqft
    2020-01-01 0 days 1,728 sqft
    2020-02-01 0 days 1,770 sqft
    2020-03-01 0 days 1,811 sqft
    2020-04-01 0 days 1,886 sqft
    2020-05-01 0 days 1,886 sqft
    2020-06-01 0 days 1,858 sqft
    2020-07-01 0 days 1,877 sqft
    2020-08-01 0 days 1,898 sqft
    2020-09-01 0 days 1,959 sqft
    2020-10-01 0 days 1,914 sqft
    2020-11-01 0 days 1,988 sqft
    2020-12-01 0 days 1,992 sqft
    2021-01-01 0 days 1,914 sqft
    2021-02-01 0 days 1,976 sqft
    2021-03-01 0 days 2,016 sqft
    2021-04-01 0 days 2,042 sqft
    2021-05-01 0 days 1,992 sqft
    2021-06-01 0 days 1,882 sqft
    2021-07-01 0 days 1,790 sqft
    2021-08-01 0 days 1,754 sqft
    2021-09-01 0 days 1,782 sqft
    2021-10-01 0 days 1,787 sqft
    2021-11-01 0 days 1,803 sqft
    2021-12-01 0 days 1,804 sqft
    2022-01-01 0 days 1,744 sqft
    2022-02-01 0 days 1,766 sqft
    2022-03-01 0 days 1,736 sqft
    2022-04-01 0 days 1,793 sqft
    2022-05-01 0 days 1,903 sqft
    2022-06-01 0 days 1,967 sqft
    2022-07-01 0 days 1,976 sqft
    2022-08-01 0 days 1,880 sqft
    2022-09-01 0 days 1,881 sqft
    2022-10-01 0 days 1,858 sqft
    2022-11-01 0 days 1,922 sqft
    2022-12-01 0 days 1,931 sqft
    2023-01-01 0 days 1,848 sqft
    2023-02-01 0 days 1,846 sqft
    2023-03-01 0 days 1,768 sqft
    2023-04-01 0 days 1,821 sqft
    2023-05-01 0 days 1,838 sqft
    2023-06-01 0 days 1,821 sqft
    2023-07-01 0 days 1,852 sqft
    2023-08-01 0 days 1,760 sqft
    2023-09-01 0 days 1,814 sqft
    2023-10-01 0 days 1,786 sqft
    2023-11-01 0 days 1,748 sqft
    Corning's median listing age (time on market) for 2023-11-01 was 0 days.

    Corning's median square footage for active listings during the 2023-11-01 period was 1,748 sqft. One year prior, the average listing was 1,922 sqft.

    Corning, NY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 953 $184,505,000 $193,604
    Refi 324 $39,600,000 $122,222
    Home Improvement 246 $15,950,000 $64,837
    Other 232 $16,530,000 $71,250
    Cash Out Refi 193 $29,465,000 $152,668

    Corning's most frequently cited loan purpose was Home Purchase, with 953 originations. The 2nd most popular reason was Refi, with 324 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 460 $66,750,000 $145,109
    4-5% 415 $67,905,000 $163,627
    5-6% 378 $55,360,000 $146,455
    6-7% 160 $36,910,000 $230,688
    <2.5% 134 $15,940,000 $118,955
    2.5-3% 97 $17,625,000 $181,701
    7-8% 49 $7,255,000 $148,061
    Over 8% 15 $955,000 $63,667

    During 2022, Corning's most frequently originated rate bucket was 3-4%, with 460 originations.

    Loan Sizing (Corning, NY MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 913 $52,405,000 $57,399
    $100k-200k 717 $100,225,000 $139,784
    $200k-400k 259 $68,635,000 $265,000
    $400k-600k 34 $15,950,000 $469,118
    $Over $1MM 13 $40,185,000 $3,091,154
    $600k-1000k 12 $8,650,000 $720,833

    Corning's loan sizing saw the bucket of loans from $100,000 or less with 913 originations, totaling $52,405,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 714 $119,750,000 $167,717
    60-80% 399 $74,475,000 $186,654
    20-40% 232 $15,690,000 $67,629
    40-60% 183 $38,345,000 $209,536
    Under 20% 171 $6,125,000 $35,819
    Over 100% 11 $5,505,000 $500,455

    Corning's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 714 originations, totaling $119,750,000 in origination value.