Duncan Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Duncan averaged 6.56% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 6.36% and one month ago for the week of 2024-09-05, the average rate was 6.39%.

Duncan's average rate one year ago was 7.43%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.32%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Duncan 30 Year Fixed Rate 2024-10-10 6.56%
Duncan 30 Year Fixed Rate Refi 2024-10-10 6.32%
Duncan 15 Year Fixed Rate 2024-10-10 5.31%
Duncan 15 Year Fixed Rate Refi 2024-10-10 5.61%
Duncan 30 Year FHA 2024-10-10 6.41%
Duncan 30 Year FHA Refi 2024-10-10 6.3%
Duncan 30 Year USDA 2024-10-10 6.18%
Duncan 30 Year USDA Refi 2024-10-10 6.28%
Duncan 30 Year VA 2024-10-10 5.85%
Duncan 30 Year VA Refi 2024-10-10 5.65%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Duncan, OK.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Arvest Bank 19 6.75% $4,630
GUARANTEED RATE, INC. 15 6.85% $6,150
BancFirst 9 6.86% $3,884
QUICKEN LOANS, LLC 8 6.85% $6,505
JPMorgan Chase Bank 4 6.69% $5,489
ZILLOW HOME LOANS, LLC 4 6.59% $4,506
Flagstar Bank, FSB 4 7.16% $4,844
UNITED WHOLESALE MORTGAGE, LLC 3 7.25% $7,449
UNION HOME MORTGAGE CORP. 2 7.44% $5,622
American Mortgage Bank, LLC 2 7.00% $3,476
BOKF 2 7.56% $4,749
CARDINAL FINANCIAL 2 6.75% $5,429
COMMUNICATION 2 6.75% $3,474
First United Bank and Trust Company 2 7.31% $3,174
Gateway First Bank 2 6.69% $4,404
LOANDEPOT.COM, LLC 2 7.25% $5,413
Mortgage Research Center, LLC 2 6.69% $2,198
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.81% $3,595
U.S. Bank 2 6.56% $4,324
Wells Fargo Bank 2 7.13% $2,781
EVERETT FINANCIAL, INC. 1 7.75% $1,893
Farm Credit Mid-America, ACA 1 6.75% $7,750
First National Bank and Trust Company 1 7.13% $5,623
21ST MORTGAGE CORPORATION 1 8.20% $6,858
BETTER MORTGAGE CORPORATION 1 7.38% $1,987
F & M Bank 1 7.50% $4,823
United Community Bank 1 6.99% $5,474
ASSOCIATED MORTGAGE CORPORATION 1 5.50% $3,411
GUILD MORTGAGE COMPANY 1 7.38% $5,011
INTERLINC MORTGAGE SERVICES, LLC 1 6.75% $3,541
International Bank of Commerce 1 6.25% $4,207
AMERISAVE MORTGAGE CORPORATION 1 7.13% $30,924
American Mortgage & Equity Consultants, Inc. 1 6.25% $3,707
MORTGAGE ACCESS CORP. 1 6.49% $6,821
WEOKIE 1 6.63% $4,751
MOVEMENT MORTGAGE, LLC 1 7.94% $3,835
Mr. Cooper ( Nationstar Mortgage ) 1 6.38% $5,841
NAVY FEDERAL CREDIT UNION 1 8.50% $3,457
NEWREZ LLC 1 8.00% $5,210
PENNYMAC LOAN SERVICES, LLC 1 6.25% $4,975
Affiliated Bank 1 7.25% $4,697
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.50% $4,144
BM Real Estate Services, Inc. 1 7.00% $15,731
RESIDENTIAL BANCORP 1 6.63% $5,694
BROKER SOLUTIONS, INC. 1 7.49% $7,241
ROYAL UNITED MORTGAGE LLC 1 7.50% $6,969
Chickasaw Community Bank 1 6.63% $4,954
Stifel Bank and Trust 1 7.50% $2,093
COMMUNITY MORTGAGE FUNDING, LLC 1 8.38% $5,612
CORNERSTONE HOME LENDING, INC. 1 7.38% $3,386
CROSSCOUNTRY MORTGAGE, LLC 1 6.88% $4,328
Discover Bank 1 6.99% $0

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.