Duncan Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Duncan averaged
7.01%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
7.13% and
one month ago for the week of 2024-06-13, the
average rate was 6.89%.
Duncan's average rate one year ago was 6.9%.
For refis of the same type during the week of 2024-07-18, the average rate
was 6.87%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Duncan 30 Year Fixed Rate | 2024-07-18 | 7.01% |
| Duncan 30 Year Fixed Rate Refi | 2024-07-18 | 6.87% |
| Duncan 15 Year Fixed Rate | 2024-07-18 | 5.95% |
| Duncan 15 Year Fixed Rate Refi | 2024-07-18 | 6.25% |
| Duncan 30 Year FHA | 2024-07-18 | 6.8% |
| Duncan 30 Year FHA Refi | 2024-07-18 | 6.39% |
| Duncan 30 Year USDA | 2024-07-18 | 6.43% |
| Duncan 30 Year USDA Refi | 2024-07-18 | 6.73% |
| Duncan 30 Year VA | 2024-07-18 | 6.5% |
| Duncan 30 Year VA Refi | 2024-07-18 | 6.2% |
Duncan 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 Duncan, OK 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.).
Duncan Average Closing Costs & Other Stats
Duncan, OK's 52 lenders originated 770
loans during 2023. The total origination value was $105,020,000, with an average loan value of
$136,390.
Duncan's average closing costs are $4,741.
The top Duncan lender as defined by loan originations is Arvest Bank, with
19 loans originated. Their average total fees are
$4,630, which is $1,520
lower than the next largest lender,
GUARANTEED RATE, INC..
The lowest fee Duncan lenders (with over 10 loans originated) are
Arvest Bank ($4,630), GUARANTEED RATE, INC. ($6,150), .
The lowest rate Duncan lenders (with over 10 loans originated) are
Arvest Bank (6.75%), GUARANTEED RATE, INC. (6.85%), .
Duncan, OK 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 |
|---|---|---|---|---|
| BancFirst | $21,180,000 | $21,535,000 | 1.7% | 20.5% |
| Arvest Bank | $14,765,000 | $14,485,000 | -1.9% | 13.8% |
| First Bank & Trust Co. | $9,535,000 | $11,620,000 | 21.9% | 11.1% |
| GUARANTEED RATE, INC. | $8,890,000 | $5,220,000 | -41.3% | 5.0% |
| Mortgage Research Center, LLC | $5,635,000 | $5,220,000 | -7.4% | 5.0% |
| QUICKEN LOANS, LLC | $7,870,000 | $4,835,000 | -38.6% | 4.6% |
| First National Bank and Trust Company of Ardmore | $2,205,000 | $2,450,000 | 11.1% | 2.3% |
| First United Bank and Trust Company | $4,170,000 | $2,125,000 | -49.0% | 2.0% |
| Flagstar Bank, FSB | $3,530,000 | $2,060,000 | -41.6% | 2.0% |
| EVERETT FINANCIAL, INC. | $3,035,000 | $2,020,000 | -33.4% | 1.9% |
| Legacy Bank | $2,105,000 | $1,305,000 | -38.0% | 1.2% |
| 21ST MORTGAGE CORPORATION | $1,255,000 | $1,205,000 | -4.0% | 1.1% |
| Gateway First Bank | $460,000 | $1,065,000 | 131.5% | 1.0% |
| American Mortgage Bank, LLC | $990,000 | n/a | 0.9% | |
| Mr. Cooper ( Nationstar Mortgage ) | $1,485,000 | $980,000 | -34.0% | 0.9% |
| CARDINAL FINANCIAL | $485,000 | $850,000 | 75.3% | 0.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,635,000 | $780,000 | -52.3% | 0.7% |
| UNION HOME MORTGAGE CORP. | $765,000 | n/a | 0.7% | |
| Great Plains National Bank | $35,000 | $755,000 | 2,057.1% | 0.7% |
| AMERISAVE MORTGAGE CORPORATION | $640,000 | $750,000 | 17.2% | 0.7% |
| ASSOCIATED MORTGAGE CORPORATION | $210,000 | $740,000 | 252.4% | 0.7% |
| JPMorgan Chase Bank | $720,000 | n/a | 0.7% | |
| Stride Bank | $145,000 | $715,000 | 393.1% | 0.7% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,355,000 | $685,000 | -49.4% | 0.7% |
| BROKER SOLUTIONS, INC. | $665,000 | n/a | 0.6% | |
| PENNYMAC LOAN SERVICES, LLC | $1,045,000 | $635,000 | -39.2% | 0.6% |
| SOUTHWEST STAGE FUNDING, LLC | $470,000 | $635,000 | 35.1% | 0.6% |
| RESIDENTIAL BANCORP | $570,000 | n/a | 0.5% | |
| Wells Fargo Bank | $770,000 | $570,000 | -26.0% | 0.5% |
| Chickasaw Community Bank | $1,740,000 | $550,000 | -68.4% | 0.5% |
| LOANDEPOT.COM, LLC | $2,525,000 | $540,000 | -78.6% | 0.5% |
| GUILD MORTGAGE COMPANY | $525,000 | n/a | 0.5% | |
| COMMUNICATION | $440,000 | $520,000 | 18.2% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $305,000 | $495,000 | 62.3% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $360,000 | $485,000 | 34.7% | 0.5% |
| U.S. Bank | $700,000 | $465,000 | -33.6% | 0.4% |
| Farm Credit Mid-America, ACA | $455,000 | n/a | 0.4% | |
| ZILLOW HOME LOANS, LLC | $340,000 | $455,000 | 33.8% | 0.4% |
| American Nation Bank | $1,105,000 | $450,000 | -59.3% | 0.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $65,000 | $440,000 | 576.9% | 0.4% |
| Liberty National Bank | $1,510,000 | $435,000 | -71.2% | 0.4% |
| BM Real Estate Services, Inc. | $425,000 | n/a | 0.4% | |
| MID AMERICA MORTGAGE, INC. | $1,055,000 | $415,000 | -60.7% | 0.4% |
| Legend Bank, N.A. | $405,000 | n/a | 0.4% | |
| BOKF | $815,000 | $365,000 | -55.2% | 0.3% |
| International Bank of Commerce | $75,000 | $365,000 | 386.7% | 0.3% |
| Magnolia Bank | $295,000 | $355,000 | 20.3% | 0.3% |
| MORTGAGE ACCESS CORP. | $105,000 | $355,000 | 238.1% | 0.3% |
| The Federal Savings Bank | $460,000 | $340,000 | -26.1% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $85,000 | $340,000 | 300.0% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $55,000 | $335,000 | 509.1% | 0.3% |
| United Fidelity Funding Corp. | $195,000 | $325,000 | 66.7% | 0.3% |
| LOANPAL, LLC | $205,000 | $305,000 | 48.8% | 0.3% |
| VILLAGE CAPITAL MORTGAGE | $385,000 | $305,000 | -20.8% | 0.3% |
| BETTER MORTGAGE CORPORATION | $295,000 | n/a | 0.3% | |
| FREEDOM MORTGAGE CORPORATION | $595,000 | $280,000 | -52.9% | 0.3% |
| FLAT BRANCH MORTGAGE, INC. | $255,000 | $275,000 | 7.8% | 0.3% |
| MOVEMENT MORTGAGE, LLC | $245,000 | n/a | 0.2% | |
| Regions Bank | $95,000 | $245,000 | 157.9% | 0.2% |
| First National Bank and Trust Company | $240,000 | n/a | 0.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $235,000 | n/a | 0.2% | |
| Affiliated Bank | $225,000 | n/a | 0.2% | |
| Stifel Bank and Trust | $215,000 | n/a | 0.2% | |
| TOTAL MORTGAGE SERVICES, LLC | $215,000 | n/a | 0.2% | |
| First Federal Bank | $310,000 | $210,000 | -32.3% | 0.2% |
| The Jacksboro National Bank | $205,000 | n/a | 0.2% | |
| FINANCIAL CONCEPTS MORTGAGE, LLC | $625,000 | $200,000 | -68.0% | 0.2% |
| NEW DAY FINANCIAL, LLC | $835,000 | $195,000 | -76.6% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $190,000 | n/a | 0.2% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $75,000 | $185,000 | 146.7% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $835,000 | $185,000 | -77.8% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $175,000 | n/a | 0.2% | |
| CORNERSTONE HOME LENDING, INC. | $730,000 | $175,000 | -76.0% | 0.2% |
| United Community Bank | $175,000 | n/a | 0.2% | |
| LIMA ONE CAPITAL, LLC | $170,000 | n/a | 0.2% | |
| CMG MORTGAGE, INC. | $145,000 | $165,000 | 13.8% | 0.2% |
| TOWNE MORTGAGE COMPANY | $165,000 | n/a | 0.2% | |
| Discover Bank | $290,000 | $160,000 | -44.8% | 0.2% |
| Bank of England | $155,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $135,000 | $155,000 | 14.8% | 0.1% |
| Tinker Federal Credit Union | $315,000 | $155,000 | -50.8% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $150,000 | n/a | 0.1% | |
| Vision Bank | $4,745,000 | $150,000 | -96.8% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $135,000 | $145,000 | 7.4% | 0.1% |
| The First National Bank and Trust Co. | $240,000 | $140,000 | -41.7% | 0.1% |
| USAA Federal Savings Bank | $365,000 | $135,000 | -63.0% | 0.1% |
| Guaranty Bank & Trust, N.A. | $130,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $125,000 | n/a | 0.1% | |
| LEGEND LENDING CORPORATION | $365,000 | $125,000 | -65.8% | 0.1% |
| Town Square Mortgage & Investments, Inc. | $115,000 | n/a | 0.1% | |
| Figure Lending LLC | $100,000 | n/a | 0.1% | |
| COMMUNITY MORTGAGE FUNDING, LLC | $95,000 | n/a | 0.1% | |
| INTERLINC MORTGAGE SERVICES, LLC | $555,000 | $95,000 | -82.9% | 0.1% |
| WEOKIE | $85,000 | n/a | 0.1% | |
| PNC Bank | $75,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $65,000 | n/a | 0.1% | |
| F & M Bank | $65,000 | n/a | 0.1% | |
| NEWREZ LLC | $400,000 | $65,000 | -83.8% | 0.1% |
| OKLAHOMA'S | $55,000 | n/a | 0.1% | |
| Oklahoma Educators Credit Union | $95,000 | $45,000 | -52.6% | 0.0% |
| Coastal Community Bank | $40,000 | n/a | 0.0% |
Duncan's top lender by overall market share is BancFirst, with 20.5% market share. In second place, with 13.8%, is Arvest Bank, having originated $14,485,000 in loans. In third place, with 11.1%, is First Bank & Trust Co., having originated $11,620,000 in loans. In fourth place, with 5.0%, is GUARANTEED RATE, INC., having originated $5,220,000 in loans. In fifth place, with 5.0%, is Mortgage Research Center, LLC, having originated $5,220,000 in loans.
Duncan, OK Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 469 | $79,305,000 | $169,094 |
| Refi | 102 | $10,740,000 | $105,294 |
| Home Improvement | 91 | $5,005,000 | $55,000 |
| Other | 57 | $3,105,000 | $54,474 |
| Cash Out Refi | 51 | $6,865,000 | $134,608 |
Duncan's most frequently cited loan purpose was Home Purchase, with 469 originations. The 2nd most popular reason was Refi, with 102 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 247 | $39,585,000 | $160,263 |
| 7-8% | 187 | $26,395,000 | $141,150 |
| Over 8% | 161 | $13,175,000 | $81,832 |
| 5-6% | 49 | $8,145,000 | $166,224 |
| 4-5% | 4 | $520,000 | $130,000 |
| 3-4% | 1 | $125,000 | $125,000 |
During 2023, Duncan's most frequently originated rate bucket was 6-7%, with 247 originations.
Loan Sizing (Duncan, OK MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 375 | $20,615,000 | $54,973 |
| $100k-200k | 253 | $35,625,000 | $140,810 |
| $200k-400k | 114 | $30,380,000 | $266,491 |
| $400k-600k | 22 | $10,420,000 | $473,636 |
| $600k-1000k | 5 | $3,645,000 | $729,000 |
| $Over $1MM | 1 | $4,335,000 | $4,335,000 |
Duncan's loan sizing saw the bucket of loans from $100,000 or less with 375 originations, totaling $20,615,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 304 | $50,710,000 | $166,809 |
| 60-80% | 145 | $20,145,000 | $138,931 |
| 20-40% | 81 | $5,105,000 | $63,025 |
| 40-60% | 66 | $7,010,000 | $106,212 |
| Under 20% | 35 | $1,155,000 | $33,000 |
| Over 100% | 15 | $3,625,000 | $241,667 |
Duncan's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 304 originations, totaling $50,710,000 in origination value.