Corning Mortgage Rates & Closing Costs
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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.