Durango 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 Durango averaged 7.34% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 7.12% and one month ago for the week of 2024-03-14, the average rate was 6.88%.

    Durango's average rate one year ago was 6.11%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.5%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Durango 30 Year Fixed Rate 2024-04-18 7.34%
    Durango 30 Year Fixed Rate Refi 2024-04-18 7.5%
    Durango 15 Year Fixed Rate 2024-04-18 6.29%
    Durango 15 Year Fixed Rate Refi 2024-04-18 6.29%
    Durango 30 Year FHA 2024-04-18 7.06%
    Durango 30 Year FHA Refi 2024-04-18 6.76%
    Durango 30 Year USDA 2024-04-18 7.06%
    Durango 30 Year USDA Refi 2024-04-18 7.06%
    Durango 30 Year VA 2024-04-18 6.66%
    Durango 30 Year VA Refi 2024-04-18 6.66%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Durango, CO.

    Durango 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 Durango, CO 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
    UNITED WHOLESALE MORTGAGE, LLC 149 6.85% $6,989
    QUICKEN LOANS, LLC 54 6.80% $7,189
    The Central Trust Bank 52 6.99% $4,161
    Bank of Colorado 29 6.89% $6,282
    Alpine Bank 23 7.22% $3,870
    Glacier Bank 13 7.08% $5,190
    Century Mortgage Company DBA Century Lending Company 11 6.61% $7,387
    Morgan Stanley Private Bank 10 5.80% $3,843
    PROVIDENT FUNDING ASSOCIATES, L.P. 9 6.47% $4,067
    JPMorgan Chase Bank 8 6.17% $8,235
    Flanagan State Bank 8 6.63% $5,687
    CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION 6 6.71% $3,870
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.85% $7,982
    Wells Fargo Bank 6 7.10% $4,458
    ACADEMY MORTGAGE CORPORATION 6 6.75% $4,754
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.57% $4,675
    The Huntington National Bank 5 6.03% $4,649
    U.S. Bank 5 6.68% $3,630
    Mr. Cooper ( Nationstar Mortgage ) 5 6.59% $11,092
    GUARANTEED RATE, INC. 4 7.03% $5,275
    GUILD MORTGAGE COMPANY 4 6.44% $5,721
    AMCAP MORTGAGE, LTD. 4 6.88% $9,812
    CROSSCOUNTRY MORTGAGE, LLC 4 6.90% $9,370
    CORNERSTONE HOME LENDING, INC. 3 6.58% $13,458
    Bank of America 3 6.75% $4,036
    Elevations Credit Union 3 6.71% $3,359
    Charles Schwab Bank, SSB 3 6.09% $3,672
    AMERISAVE MORTGAGE CORPORATION 3 6.92% $3,510
    BMO Harris Bank 3 6.67% $3,731
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.88% $3,963
    AMERICAN FINANCING CORPORATION 3 6.25% $13,287
    PENNYMAC LOAN SERVICES, LLC 3 7.04% $7,769
    UNIVERSAL LENDING CORPORATION 3 7.04% $5,762
    SECURITY SERVICE 2 6.50% $3,247
    PENTAGON FEDERAL CREDIT UNION 2 5.81% $3,460
    NBKC BANK 2 6.50% $2,344
    Plains Commerce Bank 2 7.06% $6,532
    PLAZA HOME MORTGAGE, INC. 2 5.68% $19,244
    PNC Bank 2 6.19% $4,870
    NBH Bank 2 8.44% $3,898
    FREEDOM MORTGAGE CORPORATION 2 7.13% $9,636
    CANOPY MORTGAGE, LLC 2 6.06% $8,716
    Paramount Residential Mortgage Group, Inc. 2 8.06% $7,951
    Stifel Bank and Trust 2 6.25% $3,156
    DRAPER AND KRAMER MORTGAGE CORP. 2 7.38% $9,375
    BROKER SOLUTIONS, INC. 2 6.62% $4,580
    KeyBank 2 5.94% $3,591
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.13% $6,301
    Princeton Mortgage Corporation 1 4.75% $5,759
    RESIDENTIAL BANCORP 1 7.13% $12,350
    SANDIA LABORATORY 1 5.88% $3,804
    Sunflower Bank 1 6.99% $12,890
    SWBC MORTGAGE CORPORATION 1 6.50% $4,527
    The Federal Savings Bank 1 6.25% $9,525
    UBS Bank USA 1 5.00% $3,632
    USAA Federal Savings Bank 1 6.13% $10,633
    Wallick & Volk, Inc. 1 5.88% $51
    ZILLOW HOME LOANS, LLC 1 7.38% $6,515
    Zions Bank 1 5.88% $3,536
    ADVANCIAL 1 7.88% $26,384
    ALAMEDA MORTGAGE CORPORATION 1 7.38% $7,604
    Alcova Mortgage LLC 1 7.25% $3,854
    ALLIANT CREDIT UNION 1 6.25% $3,635
    ALLIED MORTGAGE GROUP, INC. 1 7.50% $3,659
    Ally Bank 1 6.38% $1,037
    American Mortgage & Equity Consultants, Inc. 1 7.25% $4,664
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $8,403
    Arvest Bank 1 7.38% $2,287
    AXIA FINANCIAL, LLC 1 7.88% $10,492
    Axos Bank 1 7.63% $1,564
    Blue Federal Credit Union 1 6.46% $4,704
    BM Real Estate Services, Inc. 1 7.88% $7,710
    CARDINAL FINANCIAL 1 6.13% $9,005
    CHURCHILL MORTGAGE CORPORATION 1 5.75% $6,564
    CIBC Bank USA 1 5.88% $3,295
    Citibank 1 5.13% $2,279
    CMG MORTGAGE, INC. 1 7.75% $4,115
    Colonial Savings, F.A. 1 6.00% $2,237
    COMMUNITY MORTGAGE FUNDING, LLC 1 6.63% $4,232
    Discover Bank 1 8.24% $0
    EMBRACE HOME LOANS, INC. 1 5.99% $2,663
    ENVOY MORTGAGE, LTD 1 7.63% $19,596
    FirstBank 1 7.00% $2,829
    First Federal Bank 1 6.88% $3,195
    First Horizon Bank 1 7.13% $2,853
    First Savings Bank 1 7.38% $11,035
    Flagstar Bank, FSB 1 8.25% $3,601
    Gateway First Bank 1 6.50% $10,339
    GROUP MORTGAGE, LLC 1 7.38% $2,549
    HSBC BANK USA, NATIONAL ASSOCIATION 1 5.99% $3,385
    HUNT MORTGAGE CORPORATION 1 6.50% $10,346
    LAND HOME FINANCIAL SERVICES, INC. 1 6.13% $6,143
    Landmark National Bank 1 6.00% $2,655
    LENDSURE MORTGAGE CORP. 1 7.50% $7,895
    MORTGAGE ACCESS CORP. 1 6.49% $8,665
    M&T Bank 1 5.25% $3,306
    NAVY FEDERAL CREDIT UNION 1 4.63% $2,991
    NEWREZ LLC 1 7.88% $6,805
    NexBank 1 7.88% $10,603
    North American Savings Bank, F.S.B. 1 8.38% $7,739
    Northpointe Bank 1 7.00% $4,504
    OCMBC, INC. 1 6.00% $9,827
    Peak Financial 1 6.50% $3,399
    Pinnacle Bank 1 8.75% $3,247
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.99% $2,690

    Durango Average Closing Costs & Other Stats

    Durango, CO's 105 lenders originated 1,087 loans during 2023. The total origination value was $415,235,000, with an average loan value of $382,001.

    Durango's average closing costs are $4,833.

    The top Durango lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 149 loans originated. Their average total fees are $6,989, which is $199 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Durango lenders (with over 10 loans originated) are Morgan Stanley Private Bank ($3,843), Alpine Bank ($3,870), The Central Trust Bank ($4,161), Glacier Bank ($5,190) and Bank of Colorado ($6,282).

    The lowest rate Durango lenders (with over 10 loans originated) are Morgan Stanley Private Bank (5.80%), Century Mortgage Company DBA Century Lending Company (6.61%), QUICKEN LOANS, LLC (6.80%), UNITED WHOLESALE MORTGAGE, LLC (6.85%) and Bank of Colorado (6.89%).

    Durango, CO 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
    UNITED WHOLESALE MORTGAGE, LLC $127,870,000 $87,905,000 -31.3% 21.2%
    Bank of Colorado $76,345,000 $42,175,000 -44.8% 10.2%
    The Central Trust Bank $39,490,000 $31,970,000 -19.0% 7.7%
    QUICKEN LOANS, LLC $27,470,000 $27,170,000 -1.1% 6.5%
    Alpine Bank $69,655,000 $21,100,000 -69.7% 5.1%
    JPMorgan Chase Bank $10,745,000 $11,960,000 11.3% 2.9%
    Glacier Bank $14,215,000 $10,745,000 -24.4% 2.6%
    Morgan Stanley Private Bank $15,500,000 $8,650,000 -44.2% 2.1%
    CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION $5,200,000 $7,455,000 43.4% 1.8%
    NBH Bank $5,485,000 $4,885,000 -10.9% 1.2%
    U.S. Bank $7,955,000 $4,815,000 -39.5% 1.2%
    Century Mortgage Company DBA Century Lending Company $5,200,000 $4,750,000 -8.7% 1.1%
    The Huntington National Bank $5,355,000 $4,695,000 -12.3% 1.1%
    CROSSCOUNTRY MORTGAGE, LLC $1,745,000 $4,570,000 161.9% 1.1%
    TBK BANK, SSB $3,455,000 $4,460,000 29.1% 1.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $3,765,000 $4,135,000 9.8% 1.0%
    Zions Bank $22,395,000 $3,910,000 -82.5% 0.9%
    PNC Bank $2,500,000 $3,780,000 51.2% 0.9%
    Flanagan State Bank $7,905,000 $3,740,000 -52.7% 0.9%
    PENNYMAC LOAN SERVICES, LLC $4,310,000 $3,285,000 -23.8% 0.8%
    GUILD MORTGAGE COMPANY $1,265,000 $3,280,000 159.3% 0.8%
    Wells Fargo Bank $18,060,000 $3,060,000 -83.1% 0.7%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,835,000 $3,020,000 -37.5% 0.7%
    Bank of America $15,930,000 $2,965,000 -81.4% 0.7%
    CORNERSTONE HOME LENDING, INC. $3,315,000 $2,950,000 -11.0% 0.7%
    NAVY FEDERAL CREDIT UNION $2,810,000 $2,945,000 4.8% 0.7%
    BMO Harris Bank $1,590,000 $2,940,000 84.9% 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $4,795,000 $2,905,000 -39.4% 0.7%
    ACADEMY MORTGAGE CORPORATION $5,510,000 $2,855,000 -48.2% 0.7%
    GUARANTEED RATE, INC. $2,960,000 $2,820,000 -4.7% 0.7%
    Stifel Bank and Trust $5,395,000 $2,490,000 -53.8% 0.6%
    Charles Schwab Bank, SSB $3,795,000 $2,365,000 -37.7% 0.6%
    AMCAP MORTGAGE, LTD. $795,000 $2,190,000 175.5% 0.5%
    Affiliated Bank $175,000 $2,105,000 1,102.9% 0.5%
    Elevations Credit Union $890,000 $2,055,000 130.9% 0.5%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $365,000 $2,045,000 460.3% 0.5%
    DRAPER AND KRAMER MORTGAGE CORP. $1,935,000 n/a 0.5%
    MUTUAL OF OMAHA MORTGAGE, INC. $2,360,000 $1,885,000 -20.1% 0.5%
    UNIVERSAL LENDING CORPORATION $2,080,000 $1,830,000 -12.0% 0.4%
    Flagstar Bank, FSB $2,065,000 $1,770,000 -14.3% 0.4%
    PLAZA HOME MORTGAGE, INC. $395,000 $1,695,000 329.1% 0.4%
    BROKER SOLUTIONS, INC. $1,485,000 $1,670,000 12.5% 0.4%
    SANDIA LABORATORY $1,830,000 $1,655,000 -9.6% 0.4%
    ADVANCIAL $1,505,000 n/a 0.4%
    AMERISAVE MORTGAGE CORPORATION $2,825,000 $1,475,000 -47.8% 0.4%
    First-Citizens Bank & Trust Company $1,425,000 n/a 0.3%
    21ST MORTGAGE CORPORATION $1,190,000 $1,420,000 19.3% 0.3%
    FREEDOM MORTGAGE CORPORATION $1,475,000 $1,365,000 -7.5% 0.3%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $7,100,000 $1,345,000 -81.1% 0.3%
    USAA Federal Savings Bank $1,175,000 $1,335,000 13.6% 0.3%
    CARDINAL FINANCIAL $1,705,000 $1,285,000 -24.6% 0.3%
    ALLIANT CREDIT UNION $715,000 $1,250,000 74.8% 0.3%
    Mortgage Research Center, LLC $1,585,000 $1,220,000 -23.0% 0.3%
    American Mortgage & Equity Consultants, Inc. $1,215,000 n/a 0.3%
    PENTAGON FEDERAL CREDIT UNION $1,150,000 $1,200,000 4.3% 0.3%
    ENCORE BANK $465,000 $1,125,000 141.9% 0.3%
    AMERICAN FINANCING CORPORATION $1,665,000 $1,085,000 -34.8% 0.3%
    KeyBank $3,270,000 $1,060,000 -67.6% 0.3%
    Discover Bank $120,000 $1,025,000 754.2% 0.2%
    NEWREZ LLC $1,820,000 $1,015,000 -44.2% 0.2%
    FINANCE OF AMERICA REVERSE LLC $565,000 $1,000,000 77.0% 0.2%
    SECURITY SERVICE $1,270,000 $980,000 -22.8% 0.2%
    United Fidelity Funding Corp. $915,000 n/a 0.2%
    NBKC BANK $905,000 $860,000 -5.0% 0.2%
    Plains Commerce Bank $205,000 $850,000 314.6% 0.2%
    CIBC Bank USA $835,000 n/a 0.2%
    Paramount Residential Mortgage Group, Inc. $1,340,000 $830,000 -38.1% 0.2%
    The Federal Savings Bank $1,460,000 $780,000 -46.6% 0.2%
    Gibsland Bank & Trust Company $765,000 n/a 0.2%
    CMG MORTGAGE, INC. $860,000 $755,000 -12.2% 0.2%
    Prosperity Home Mortgage, LLC $725,000 n/a 0.2%
    Alcova Mortgage LLC $715,000 n/a 0.2%
    Citibank $13,965,000 $715,000 -94.9% 0.2%
    CANOPY MORTGAGE, LLC $700,000 n/a 0.2%
    PREMIER MORTGAGE RESOURCES, L.L.C. $1,160,000 $685,000 -40.9% 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $1,920,000 $660,000 -65.6% 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $570,000 $650,000 14.0% 0.2%
    Landmark National Bank $645,000 n/a 0.2%
    ENVOY MORTGAGE, LTD $355,000 $625,000 76.1% 0.2%
    Northpointe Bank $1,780,000 $610,000 -65.7% 0.1%
    GROUP MORTGAGE, LLC $595,000 n/a 0.1%
    Figure Lending LLC $415,000 $590,000 42.2% 0.1%
    Gateway First Bank $1,565,000 $585,000 -62.6% 0.1%
    UBS Bank USA $2,740,000 $585,000 -78.6% 0.1%
    AXIA FINANCIAL, LLC $345,000 $555,000 60.9% 0.1%
    Frandsen Bank & Trust $555,000 n/a 0.1%
    HOMESTEAD FUNDING CORP. $545,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $330,000 $540,000 63.6% 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $455,000 $525,000 15.4% 0.1%
    Colonial Savings, F.A. $515,000 n/a 0.1%
    Vantage Bank Texas $505,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $485,000 n/a 0.1%
    American Bank of Commerce $475,000 n/a 0.1%
    HUNT MORTGAGE CORPORATION $465,000 n/a 0.1%
    MORTGAGE ACCESS CORP. $465,000 n/a 0.1%
    RESIDENTIAL BANCORP $465,000 n/a 0.1%
    RF Renovo Management Company, LLC $445,000 n/a 0.1%
    Sunflower Bank $1,820,000 $445,000 -75.5% 0.1%
    Third Federal Savings and Loan Association of Cleveland $345,000 $445,000 29.0% 0.1%
    USAlliance Federal Credit Union $445,000 n/a 0.1%
    AMWEST FUNDING CORP. $435,000 n/a 0.1%
    HSBC BANK USA, NATIONAL ASSOCIATION $425,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $25,000 $420,000 1,580.0% 0.1%
    Arvest Bank $415,000 n/a 0.1%
    First Federal Bank $415,000 n/a 0.1%
    UMB Bank $630,000 $410,000 -34.9% 0.1%
    NexBank $3,770,000 $405,000 -89.3% 0.1%
    Wallick & Volk, Inc. $395,000 $395,000 0.0% 0.1%
    Blue Federal Credit Union $385,000 n/a 0.1%
    EMBRACE HOME LOANS, INC. $385,000 n/a 0.1%
    LONGBRIDGE FINANCIAL, LLC $495,000 $385,000 -22.2% 0.1%
    FirstBank $365,000 n/a 0.1%
    First Savings Bank $745,000 $365,000 -51.0% 0.1%
    Bethpage Federal Credit Union $360,000 n/a 0.1%
    Citizens Bank $355,000 n/a 0.1%
    CONTOUR MORTGAGE CORPORATION $355,000 n/a 0.1%
    INFINITY EQUITY GROUP, INC. $355,000 n/a 0.1%
    LAND HOME FINANCIAL SERVICES, INC. $355,000 n/a 0.1%
    ALLIED MORTGAGE GROUP, INC. $345,000 n/a 0.1%
    BELLCO $1,400,000 $330,000 -76.4% 0.1%
    M&T Bank $320,000 n/a 0.1%
    BM Real Estate Services, Inc. $315,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $265,000 $315,000 18.9% 0.1%
    Axos Bank $305,000 n/a 0.1%
    LENDSURE MORTGAGE CORP. $565,000 $305,000 -46.0% 0.1%
    CHURCHILL MORTGAGE CORPORATION $1,005,000 $295,000 -70.6% 0.1%
    Princeton Mortgage Corporation $295,000 $295,000 0.0% 0.1%
    SWBC MORTGAGE CORPORATION $295,000 n/a 0.1%
    MOUNTAIN AMERICA $55,000 $285,000 418.2% 0.1%
    EVERETT FINANCIAL, INC. $960,000 $280,000 -70.8% 0.1%
    OCMBC, INC. $275,000 n/a 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $290,000 $250,000 -13.8% 0.1%
    ALAMEDA MORTGAGE CORPORATION $245,000 n/a 0.1%
    Pinnacle Bank $245,000 n/a 0.1%
    First Horizon Bank $235,000 n/a 0.1%
    North American Savings Bank, F.S.B. $225,000 n/a 0.1%
    COMMUNITY MORTGAGE FUNDING, LLC $215,000 n/a 0.1%
    American Airlines Federal Credit Union $85,000 $205,000 141.2% 0.0%
    BOKF $3,745,000 $205,000 -94.5% 0.0%
    Mortgage Bank of California $205,000 n/a 0.0%
    Peak Financial $205,000 n/a 0.0%
    Ent Credit Union $1,105,000 $175,000 -84.2% 0.0%
    NEW DAY FINANCIAL, LLC $935,000 $165,000 -82.4% 0.0%
    Notre Dame Federal Credit Union Corporation $105,000 $165,000 57.1% 0.0%
    ZILLOW HOME LOANS, LLC $555,000 $165,000 -70.3% 0.0%
    Credit Union of Denver $65,000 $160,000 146.2% 0.0%
    Connexus Credit Union $155,000 n/a 0.0%
    PREMIER MEMBERS CREDIT UNION $255,000 $150,000 -41.2% 0.0%
    Coastal Community Bank $135,000 n/a 0.0%
    AMERICAN INTERNET MORTGAGE, INC. $980,000 $115,000 -88.3% 0.0%
    Ally Bank $325,000 $105,000 -67.7% 0.0%
    Community National Bank & Trust of Texas $105,000 n/a 0.0%
    LOANDEPOT.COM, LLC $7,600,000 $85,000 -98.9% 0.0%
    CANVAS CREDIT UNION $205,000 $65,000 -68.3% 0.0%
    Alaska USA Federal Credit Union $55,000 n/a 0.0%
    Centier Bank $65,000 $55,000 -15.4% 0.0%
    SPRING EQ, LLC $1,040,000 $55,000 -94.7% 0.0%
    Weld Schools Credit Union $45,000 n/a 0.0%
    Carrington Mortgage Services, LLC $1,180,000 $25,000 -97.9% 0.0%

    Durango's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 21.2% market share. In second place, with 10.2%, is Bank of Colorado, having originated $42,175,000 in loans. In third place, with 7.7%, is The Central Trust Bank, having originated $31,970,000 in loans. In fourth place, with 6.5%, is QUICKEN LOANS, LLC, having originated $27,170,000 in loans. In fifth place, with 5.1%, is Alpine Bank, having originated $21,100,000 in loans.

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

    Realtor.com - Durango (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 $525,750 (9.9%) $765,556 (5.8%) 0.00 474
    2018-02-01 $547,750 (17.9%) $773,418 (8.7%) 0.00 461
    2018-03-01 $549,000 (18.7%) $811,301 (15.9%) 0.00 496
    2018-04-01 $554,500 (16.7%) $867,279 (10.0%) 0.00 538
    2018-05-01 $549,000 (8.3%) $846,563 (4.5%) 0.00 589
    2018-06-01 $549,900 (8.6%) $825,208 (4.2%) 0.00 658
    2018-07-01 $549,000 (8.2%) $792,534 (0.6%) 0.00 695
    2018-08-01 $515,250 (0.3%) $786,210 (0.2%) 0.00 718
    2018-09-01 $522,900 (4.7%) $798,870 (2.3%) 0.00 705
    2018-10-01 $524,725 (-4.5%) $786,638 (-4.4%) 0.00 651
    2018-11-01 $520,000 (-6.3%) $793,756 (-4.6%) 0.00 618
    2018-12-01 $524,400 (-4.6%) $817,748 (-1.7%) 0.00 546
    2019-01-01 $522,450 (-0.6%) $765,775 (0.0%) 0.00 476
    2019-02-01 $519,925 (-5.1%) $694,573 (-10.2%) 0.00 465
    2019-03-01 $522,043 (-4.9%) $732,005 (-9.8%) 0.00 475
    2019-04-01 $524,950 (-5.3%) $778,795 (-10.2%) 0.00 496
    2019-05-01 $542,450 (-1.2%) $803,565 (-5.1%) 0.00 626
    2019-06-01 $550,000 (0.0%) $812,983 (-1.5%) 0.00 690
    2019-07-01 $549,000 (0.0%) $809,662 (2.2%) 0.00 734
    2019-08-01 $553,636 (7.5%) $814,948 (3.7%) 0.00 735
    2019-09-01 $560,591 (7.2%) $834,436 (4.5%) 0.00 724
    2019-10-01 $559,477 (6.6%) $845,885 (7.5%) 0.00 709
    2019-11-01 $550,000 (5.8%) $848,269 (6.9%) 0.00 631
    2019-12-01 $549,663 (4.8%) $858,521 (5.0%) 0.00 585
    2020-01-01 $538,000 (3.0%) $817,002 (6.7%) 0.00 512
    2020-02-01 $535,000 (2.9%) $804,904 (15.9%) 0.00 497
    2020-03-01 $549,000 (5.2%) $824,449 (12.6%) 0.00 499
    2020-04-01 $559,000 (6.5%) $851,361 (9.3%) 0.00 452
    2020-05-01 $549,900 (1.4%) $849,630 (5.7%) 0.00 496
    2020-06-01 $580,500 (5.6%) $882,649 (8.6%) 0.00 520
    2020-07-01 $591,250 (7.7%) $868,309 (7.2%) 0.00 489
    2020-08-01 $599,875 (8.4%) $870,700 (6.8%) 0.00 430
    2020-09-01 $643,000 (14.7%) $946,867 (13.5%) 0.00 335
    2020-10-01 $659,900 (18.0%) $1,054,980 (24.7%) 0.00 291
    2020-11-01 $678,663 (23.4%) $1,153,846 (36.0%) 0.00 246
    2020-12-01 $657,475 (19.6%) $1,158,170 (34.9%) 0.00 204
    2021-01-01 $689,450 (28.2%) $1,242,280 (52.1%) 0.00 163
    2021-02-01 $730,000 (36.5%) $1,372,113 (70.5%) 0.00 138
    2021-03-01 $777,000 (41.5%) $1,592,000 (93.1%) 0.00 136
    2021-04-01 $838,000 (49.9%) $1,722,341 (102.3%) 0.00 133
    2021-05-01 $899,000 (63.5%) $1,733,980 (104.1%) 0.00 147
    2021-06-01 $972,000 (67.4%) $1,763,022 (99.7%) 0.00 159
    2021-07-01 $875,000 (48.0%) $1,647,970 (89.8%) 0.00 185
    2021-08-01 $838,750 (39.8%) $1,641,197 (88.5%) 0.00 190
    2021-09-01 $866,250 (34.7%) $1,642,790 (73.5%) 0.00 181
    2021-10-01 $925,000 (40.2%) $1,826,920 (73.2%) 0.00 150
    2021-11-01 $925,000 (36.3%) $1,825,436 (58.2%) 0.00 135
    2021-12-01 $943,250 (43.5%) $1,973,489 (70.4%) 0.00 117
    2022-01-01 $896,500 (30.0%) $1,964,623 (58.2%) 0.00 101
    2022-02-01 $844,500 (15.7%) $1,825,985 (33.1%) 0.00 104
    2022-03-01 $787,500 (1.4%) $1,845,443 (15.9%) 0.00 102
    2022-04-01 $762,500 (-9.0%) $1,827,547 (6.1%) 0.00 115
    2022-05-01 $776,000 (-13.7%) $1,751,263 (1.0%) 0.00 169
    2022-06-01 $895,000 (-7.9%) $1,755,726 (-0.4%) 0.00 219
    2022-07-01 $875,000 (0.0%) $1,588,381 (-3.6%) 0.00 262
    2022-08-01 $874,000 (4.2%) $1,551,404 (-5.5%) 0.00 268
    2022-09-01 $874,500 (1.0%) $1,596,801 (-2.8%) 0.00 262
    2022-10-01 $890,000 (-3.8%) $1,668,017 (-8.7%) 0.00 259
    2022-11-01 $849,500 (-8.2%) $1,609,945 (-11.8%) 0.00 236
    2022-12-01 $799,000 (-15.3%) $1,510,946 (-23.4%) 0.00 208
    2023-01-01 $834,725 (-6.9%) $1,649,974 (-16.0%) 0.00 177
    2023-02-01 $849,250 (0.6%) $1,757,734 (-3.7%) 0.00 160
    2023-03-01 $867,000 (10.1%) $1,806,928 (-2.1%) 0.00 146
    2023-04-01 $889,453 (16.7%) $1,809,456 (-1.0%) 0.00 151
    2023-05-01 $890,453 (14.8%) $1,686,845 (-3.7%) 0.00 188
    2023-06-01 $893,226 (-0.2%) $1,710,006 (-2.6%) 0.00 233
    2023-07-01 $899,999 (2.9%) $1,678,473 (5.7%) 0.00 269
    2023-08-01 $886,976 (1.5%) $1,619,361 (4.4%) 0.00 283
    2023-09-01 $893,905 (2.2%) $1,677,772 (5.1%) 0.00 274
    2023-10-01 $896,453 (0.7%) $1,691,184 (1.4%) 0.00 278
    2023-11-01 $884,476 (4.1%) $1,654,176 (2.8%) 0.00 264
    2023-12-01 $869,000 (8.8%) $1,672,912 (10.7%) 0.00 225
    2024-01-01 $854,500 (2.4%) $1,739,148 (5.4%) 0.00 199
    2024-02-01 $819,450 (-3.5%) $1,722,984 (-2.0%) 0.00 194
    2024-03-01 $839,000 (-3.2%) $1,666,901 (-7.8%) 0.00 198
    Durango's median listing price for 2024-03-01 was $839,000, a difference of $-28,000 (-3.2%) versus the prior year and $19,550 versus the prior month.

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

    Durango's average listing price for 2024-03-01 was $1,666,901, a difference of $-140,027 (-7.8%) versus the prior year and $-56,083 versus the prior month.

    For the 2024-03-01 period, Durango had 198 MLS listings, a difference of 4 listings (2%) versus the prior month and 52 listings (36%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Durango (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,126 sqft
    2018-02-01 0 days 2,110 sqft
    2018-03-01 0 days 2,110 sqft
    2018-04-01 0 days 2,218 sqft
    2018-05-01 0 days 2,226 sqft
    2018-06-01 0 days 2,224 sqft
    2018-07-01 0 days 2,188 sqft
    2018-08-01 0 days 2,101 sqft
    2018-09-01 0 days 2,124 sqft
    2018-10-01 0 days 2,109 sqft
    2018-11-01 0 days 2,108 sqft
    2018-12-01 0 days 2,101 sqft
    2019-01-01 0 days 2,028 sqft
    2019-02-01 0 days 1,996 sqft
    2019-03-01 0 days 2,005 sqft
    2019-04-01 0 days 2,043 sqft
    2019-05-01 0 days 2,112 sqft
    2019-06-01 0 days 2,178 sqft
    2019-07-01 0 days 2,146 sqft
    2019-08-01 0 days 2,156 sqft
    2019-09-01 0 days 2,167 sqft
    2019-10-01 0 days 2,170 sqft
    2019-11-01 0 days 2,159 sqft
    2019-12-01 0 days 2,061 sqft
    2020-01-01 0 days 2,006 sqft
    2020-02-01 0 days 2,004 sqft
    2020-03-01 0 days 2,019 sqft
    2020-04-01 0 days 2,067 sqft
    2020-05-01 0 days 2,034 sqft
    2020-06-01 0 days 2,136 sqft
    2020-07-01 0 days 2,157 sqft
    2020-08-01 0 days 2,175 sqft
    2020-09-01 0 days 2,217 sqft
    2020-10-01 0 days 2,262 sqft
    2020-11-01 0 days 2,316 sqft
    2020-12-01 0 days 2,237 sqft
    2021-01-01 0 days 2,262 sqft
    2021-02-01 0 days 2,306 sqft
    2021-03-01 0 days 2,423 sqft
    2021-04-01 0 days 2,599 sqft
    2021-05-01 0 days 2,708 sqft
    2021-06-01 0 days 2,703 sqft
    2021-07-01 0 days 2,589 sqft
    2021-08-01 0 days 2,570 sqft
    2021-09-01 0 days 2,642 sqft
    2021-10-01 0 days 2,803 sqft
    2021-11-01 0 days 2,583 sqft
    2021-12-01 0 days 2,798 sqft
    2022-01-01 0 days 2,483 sqft
    2022-02-01 0 days 2,194 sqft
    2022-03-01 0 days 2,174 sqft
    2022-04-01 0 days 2,236 sqft
    2022-05-01 0 days 2,180 sqft
    2022-06-01 0 days 2,375 sqft
    2022-07-01 0 days 2,318 sqft
    2022-08-01 0 days 2,255 sqft
    2022-09-01 0 days 2,267 sqft
    2022-10-01 0 days 2,347 sqft
    2022-11-01 0 days 2,325 sqft
    2022-12-01 0 days 2,178 sqft
    2023-01-01 0 days 2,093 sqft
    2023-02-01 0 days 2,129 sqft
    2023-03-01 0 days 2,268 sqft
    2023-04-01 0 days 2,220 sqft
    2023-05-01 0 days 2,191 sqft
    2023-06-01 0 days 2,154 sqft
    2023-07-01 0 days 2,207 sqft
    2023-08-01 0 days 2,193 sqft
    2023-09-01 0 days 2,181 sqft
    2023-10-01 0 days 2,196 sqft
    2023-11-01 0 days 2,076 sqft
    2023-12-01 0 days 2,048 sqft
    2024-01-01 0 days 1,988 sqft
    2024-02-01 0 days 1,950 sqft
    2024-03-01 0 days 1,977 sqft
    Durango's median listing age (time on market) for 2024-03-01 was 0 days.

    Durango's median square footage for active listings during the 2024-03-01 period was 1,977 sqft. One year prior, the average listing was 2,268 sqft.

    Durango, CO Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 633 $316,265,000 $499,629
    Other 150 $25,950,000 $173,000
    Cash Out Refi 126 $36,540,000 $290,000
    Home Improvement 112 $14,420,000 $128,750
    Refi 65 $19,955,000 $307,000
    NA 1 $2,105,000 $2,105,000

    Durango's most frequently cited loan purpose was Home Purchase, with 633 originations. The 2nd most popular reason was Other, with 150 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 354 $163,320,000 $461,356
    7-8% 289 $110,925,000 $383,824
    Over 8% 270 $54,780,000 $202,889
    5-6% 141 $73,225,000 $519,326
    4-5% 13 $6,615,000 $508,846
    <2.5% 4 $50,000 $12,500
    2.5-3% 2 $440,000 $220,000

    During 2023, Durango's most frequently originated rate bucket was 6-7%, with 354 originations.

    Loan Sizing (Durango, CO MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 328 $96,020,000 $292,744
    $400k-600k 226 $109,860,000 $486,106
    $100,000 or less 180 $10,600,000 $58,889
    $100k-200k 168 $23,170,000 $137,917
    $600k-1000k 125 $89,935,000 $719,480
    $Over $1MM 60 $85,650,000 $1,427,500

    Durango's loan sizing saw the bucket of loans from $200k-400k with 328 originations, totaling $96,020,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    60-80% 270 $148,990,000 $551,815
    Under 20% 253 $24,615,000 $97,292
    80-100% 234 $122,750,000 $524,573
    20-40% 160 $39,860,000 $249,125
    40-60% 152 $71,860,000 $472,763
    Over 100% 1 $485,000 $485,000

    Durango's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 270 originations, totaling $148,990,000 in origination value.