Effingham Mortgage Rates
30 Year Fixed Rate mortgages in Effingham averaged
5.58%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
5.79% and
one month ago for the week of 2022-05-26, the
average rate was 5.28%.
Effingham's average rate one year ago was 3.13%.
For refis of the same type during the week of 2022-06-30, the average rate
was 5.47%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
Effingham 30 Year Fixed Rate | 2022-06-30 | 5.58% |
Effingham 30 Year Fixed Rate Refi | 2022-06-30 | 5.47% |
Effingham 15 Year Fixed Rate | 2022-06-30 | 5.2% |
Effingham 15 Year Fixed Rate Refi | 2022-06-30 | 4.97% |
Effingham 30 Year FHA | 2022-06-30 | 6.04% |
Effingham 30 Year FHA Refi | 2022-06-30 | 5.97% |
Effingham 30 Year USDA | 2022-06-30 | 5.84% |
Effingham 30 Year USDA Refi | 2022-06-30 | 5.41% |
Effingham 30 Year VA | 2022-06-30 | 5.67% |
Effingham 30 Year VA Refi | 2022-06-30 | 5.27% |
Effingham Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Effingham, IL 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.).
Effingham, IL's 51 lenders originated 878
loans during 2021. The total origination value was $155,550,000, with an average loan value of
$177,164.
The top Effingham lender as defined by loan originations is Petefish, Skiles & Co., with
52 loans originated. Their average total fees are
$3,559, which is $582
higher than the next largest lender,
Midland States Bank.
The lowest fee Effingham lenders (with over 10 loans originated) are
First Mid Bank & Trust ($2,338), Midland States Bank ($2,978), Petefish, Skiles & Co. ($3,559), QUICKEN LOANS, LLC ($4,494) and .
The lowest rate Effingham lenders (with over 10 loans originated) are
Petefish, Skiles & Co. (3.02%), Midland States Bank (3.18%), QUICKEN LOANS, LLC (3.21%), First Mid Bank & Trust (3.22%) and .
Effingham, IL Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
Dieterich Bank | $84,095,000 | $50,310,000 | -40.2% | 32.3% |
Petefish, Skiles & Co. | $43,290,000 | $18,960,000 | -56.2% | 12.2% |
Midland States Bank | $18,090,000 | $12,025,000 | -33.5% | 7.7% |
QUICKEN LOANS, LLC | $5,495,000 | $9,020,000 | 64.1% | 5.8% |
First National Bank of Waterloo | $5,620,000 | $5,690,000 | 1.2% | 3.7% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,570,000 | $5,555,000 | 116.1% | 3.6% |
CELEBRITY HOME LOANS, LLC | $2,940,000 | $5,075,000 | 72.6% | 3.3% |
Fifth Third Bank | $6,685,000 | $4,995,000 | -25.3% | 3.2% |
WALKER & DUNLOP, LLC | $3,045,000 | n/a | 2.0% | |
First Mid Bank & Trust | $4,820,000 | $2,810,000 | -41.7% | 1.8% |
Mortgage Research Center, LLC | $1,290,000 | $2,255,000 | 74.8% | 1.4% |
Farm Credit Mid-America, ACA | $1,405,000 | $2,250,000 | 60.1% | 1.4% |
BROKER SOLUTIONS, INC. | $390,000 | $2,175,000 | 457.7% | 1.4% |
GUARANTEED RATE, INC. | $1,280,000 | n/a | 0.8% | |
FREEDOM MORTGAGE CORPORATION | $1,235,000 | $1,265,000 | 2.4% | 0.8% |
Bank of Hillsboro | $2,605,000 | $1,255,000 | -51.8% | 0.8% |
JPMorgan Chase Bank | $1,240,000 | n/a | 0.8% | |
PENNYMAC LOAN SERVICES, LLC | $1,150,000 | n/a | 0.7% | |
FLAT BRANCH MORTGAGE, INC. | $175,000 | $1,115,000 | 537.1% | 0.7% |
The Peoples State Bank of Newton, Illinois | $2,310,000 | $950,000 | -58.9% | 0.6% |
GERSHMAN INVESTMENT CORP. | $125,000 | $920,000 | 636.0% | 0.6% |
CHURCHILL MORTGAGE CORPORATION | $420,000 | $705,000 | 67.9% | 0.5% |
RUOFF MORTGAGE COMPANY, INC. | $270,000 | $690,000 | 155.6% | 0.4% |
NEWREZ LLC | $680,000 | n/a | 0.4% | |
The Federal Savings Bank | $710,000 | $680,000 | -4.2% | 0.4% |
Wells Fargo Bank | $665,000 | n/a | 0.4% | |
Bank of Springfield | $650,000 | n/a | 0.4% | |
Heartland Bank and Trust Company | $225,000 | $610,000 | 171.1% | 0.4% |
AMERISAVE MORTGAGE CORPORATION | $325,000 | $595,000 | 83.1% | 0.4% |
U.S. Bank | $405,000 | $590,000 | 45.7% | 0.4% |
NAVY FEDERAL CREDIT UNION | $515,000 | $550,000 | 6.8% | 0.4% |
First Financial Bank | $85,000 | $545,000 | 541.2% | 0.4% |
INB | $545,000 | n/a | 0.4% | |
Mr. Cooper ( Nationstar Mortgage ) | $1,125,000 | $525,000 | -53.3% | 0.3% |
ROYAL UNITED MORTGAGE LLC | $75,000 | $515,000 | 586.7% | 0.3% |
LOANDEPOT.COM, LLC | $605,000 | $510,000 | -15.7% | 0.3% |
The Huntington National Bank | $475,000 | n/a | 0.3% | |
NEW DAY FINANCIAL, LLC | $380,000 | $470,000 | 23.7% | 0.3% |
Arvest Bank | $460,000 | n/a | 0.3% | |
Bank of England | $155,000 | $430,000 | 177.4% | 0.3% |
United Community Bank | $350,000 | $415,000 | 18.6% | 0.3% |
EVANSVILLE TEACHERS | $35,000 | $405,000 | 1,057.1% | 0.3% |
FIELD & MAIN BANK, INC. | $405,000 | n/a | 0.3% | |
Barrington Bank & Trust Company, N.A. | $125,000 | $400,000 | 220.0% | 0.3% |
Iroquois Federal Savings and Loan Association | $375,000 | n/a | 0.2% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $365,000 | n/a | 0.2% | |
First Midwest Bank | $355,000 | n/a | 0.2% | |
BETTER MORTGAGE CORPORATION | $295,000 | $325,000 | 10.2% | 0.2% |
CROSSCOUNTRY MORTGAGE, LLC | $285,000 | n/a | 0.2% | |
Ixonia Bank | $285,000 | n/a | 0.2% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $145,000 | $280,000 | 93.1% | 0.2% |
GSF Mortgage Corporation | $275,000 | n/a | 0.2% | |
ALLIANT CREDIT UNION | $270,000 | n/a | 0.2% | |
SUN WEST MORTGAGE COMPANY, INC. | $125,000 | $265,000 | 112.0% | 0.2% |
The Bradford National Bank of Greenville | $330,000 | $265,000 | -19.7% | 0.2% |
DAS Acquisition Company, LLC | $255,000 | n/a | 0.2% | |
Carrington Mortgage Services, LLC | $285,000 | $245,000 | -14.0% | 0.2% |
VILLAGE CAPITAL & INVESTMENT LLC | $85,000 | $245,000 | 188.2% | 0.2% |
CALIBER HOME LOANS, INC. | $350,000 | $240,000 | -31.4% | 0.2% |
Peoples National Bank , N.A. | $195,000 | $235,000 | 20.5% | 0.2% |
RESIDENTIAL BANCORP. | $235,000 | n/a | 0.2% | |
Peoples Bank of Kankakee County | $225,000 | n/a | 0.1% | |
Stifel Bank and Trust | $145,000 | $225,000 | 55.2% | 0.1% |
Bank of America | $105,000 | $220,000 | 109.5% | 0.1% |
DRAPER AND KRAMER MORTGAGE CORP. | $215,000 | n/a | 0.1% | |
21ST MORTGAGE CORPORATION | $510,000 | $205,000 | -59.8% | 0.1% |
IAA Credit Union | $195,000 | n/a | 0.1% | |
SCOTT CREDIT UNION | $195,000 | n/a | 0.1% | |
LAKEVIEW LOAN SERVICING, LLC | $455,000 | $185,000 | -59.3% | 0.1% |
Community Mortgage Banc Corporation | $440,000 | $180,000 | -59.1% | 0.1% |
AMERICAN FINANCIAL NETWORK, INC. | $175,000 | n/a | 0.1% | |
F&B Acquisition Group LLC | $175,000 | n/a | 0.1% | |
PNC Bank | $55,000 | $175,000 | 218.2% | 0.1% |
Regions Bank | $175,000 | n/a | 0.1% | |
United Fidelity Funding Corp. | $175,000 | n/a | 0.1% | |
HOME POINT FINANCIAL CORPORATION | $165,000 | n/a | 0.1% | |
PHH Mortgage Corporation | $165,000 | n/a | 0.1% | |
THRIVENT Federal Credit Union | $165,000 | n/a | 0.1% | |
MORIA DEVELOPMENT, INC. | $155,000 | n/a | 0.1% | |
SIRVA MORTGAGE, INC. | $155,000 | n/a | 0.1% | |
NBKC BANK | $145,000 | n/a | 0.1% | |
AmeriHome Mortgage Company, LLC | $135,000 | n/a | 0.1% | |
SOUTH CENTRAL BANK, INC. | $135,000 | n/a | 0.1% | |
THRIVE MORTGAGE, LLC | $135,000 | n/a | 0.1% | |
1ST MIDAMERICA | $115,000 | n/a | 0.1% | |
ACADEMY MORTGAGE CORPORATION | $115,000 | n/a | 0.1% | |
First Bank | $115,000 | n/a | 0.1% | |
Legence Bank | $105,000 | n/a | 0.1% | |
The FNB Community Bank | $185,000 | $85,000 | -54.1% | 0.1% |
ADVIA | $75,000 | n/a | 0.0% | |
Fidelity Bank | $645,000 | $75,000 | -88.4% | 0.0% |
GENEVA FINANCIAL, LLC | $65,000 | n/a | 0.0% | |
Flagstar Bank, FSB | $215,000 | $45,000 | -79.1% | 0.0% |
Figure Lending LLC | $25,000 | $25,000 | 0.0% | 0.0% |
Effingham's top lender by overall market share is Dieterich Bank, with 32.3% market share. In second place, with 12.2%, is Petefish, Skiles & Co., having originated $18,960,000 in loans. In third place, with 7.7%, is Midland States Bank, having originated $12,025,000 in loans. In third place, with 5.8%, is QUICKEN LOANS, LLC, having originated $9,020,000 in loans. In third place, with 3.7%, is First National Bank of Waterloo, having originated $5,690,000 in loans.
Effingham, IL Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 419 | $79,245,000 | $189,129 |
Refi | 272 | $46,230,000 | $169,963 |
Cash Out Refi | 149 | $26,715,000 | $179,295 |
Other | 32 | $2,980,000 | $93,125 |
Home Improvement | 6 | $380,000 | $63,333 |
Effingham's most frequently cited loan purpose was Home Purchase, with 419 originations. The 2nd most popular reason was Refi, with 272 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 228 | $43,580,000 | $191,140 |
3-4% | 220 | $40,340,000 | $183,364 |
<2.5% | 109 | $16,975,000 | $155,734 |
4-5% | 13 | $1,615,000 | $124,231 |
5-6% | 3 | $295,000 | $98,333 |
7-8% | 3 | $125,000 | $41,667 |
6-7% | 2 | $180,000 | $90,000 |
Over 8% | 1 | $95,000 | $95,000 |
During 2021, Effingham's most frequently originated rate bucket was 2.5-3%, with 228 originations.
Loan Sizing (Effingham, IL MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 378 | $55,700,000 | $147,354 |
$100,000 or less | 236 | $15,430,000 | $65,381 |
$200k-400k | 217 | $57,395,000 | $264,493 |
$400k-600k | 40 | $19,190,000 | $479,750 |
$600k-1000k | 5 | $3,555,000 | $711,000 |
$Over $1MM | 2 | $4,280,000 | $2,140,000 |
Effingham's loan sizing saw the bucket of loans from $100k-200k with 378 originations, totaling $55,700,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 288 | $53,540,000 | $185,903 |
60-80% | 167 | $35,325,000 | $211,527 |
40-60% | 45 | $6,995,000 | $155,444 |
20-40% | 37 | $3,325,000 | $89,865 |
Under 20% | 19 | $485,000 | $25,526 |
Over 100% | 5 | $835,000 | $167,000 |
Effingham's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 288 originations, totaling $53,540,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Effingham (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 | $187,500 (14.1%) | $246,062 (3.3%) | 0.00 | 76 |
2018-02-01 | $167,400 (-3.8%) | $233,309 (-6.2%) | 0.00 | 81 |
2018-03-01 | $198,000 (5.7%) | $240,536 (-6.0%) | 0.00 | 101 |
2018-04-01 | $199,900 (8.1%) | $242,379 (-5.7%) | 0.00 | 115 |
2018-05-01 | $194,500 (2.9%) | $236,098 (-9.9%) | 0.00 | 124 |
2018-06-01 | $199,900 (5.8%) | $219,923 (-10.7%) | 0.00 | 126 |
2018-07-01 | $199,900 (8.1%) | $220,296 (-12.1%) | 0.00 | 127 |
2018-08-01 | $198,700 (13.6%) | $212,958 (-13.7%) | 0.00 | 124 |
2018-09-01 | $190,000 (14.5%) | $210,823 (-6.8%) | 0.00 | 129 |
2018-10-01 | $174,900 (0.0%) | $209,300 (-10.1%) | 0.00 | 127 |
2018-11-01 | $179,900 (1.7%) | $206,788 (-16.0%) | 0.00 | 119 |
2018-12-01 | $169,900 (-12.8%) | $197,890 (-18.7%) | 0.00 | 104 |
2019-01-01 | $155,900 (-16.9%) | $194,879 (-20.8%) | 0.00 | 98 |
2019-02-01 | $167,400 (0.0%) | $209,734 (-10.1%) | 0.00 | 98 |
2019-03-01 | $174,014 (-12.1%) | $226,784 (-5.7%) | 0.00 | 97 |
2019-04-01 | $178,814 (-10.6%) | $235,473 (-2.9%) | 0.00 | 97 |
2019-05-01 | $179,700 (-7.6%) | $243,521 (3.1%) | 0.00 | 103 |
2019-06-01 | $175,000 (-12.5%) | $239,301 (8.8%) | 0.00 | 112 |
2019-07-01 | $173,700 (-13.1%) | $232,578 (5.6%) | 0.00 | 121 |
2019-08-01 | $174,943 (-12.0%) | $233,002 (9.4%) | 0.00 | 122 |
2019-09-01 | $171,993 (-9.5%) | $230,165 (9.2%) | 0.00 | 129 |
2019-10-01 | $176,950 (1.2%) | $238,931 (14.2%) | 0.00 | 134 |
2019-11-01 | $169,900 (-5.6%) | $230,550 (11.5%) | 0.00 | 136 |
2019-12-01 | $159,900 (-5.9%) | $228,183 (15.3%) | 0.00 | 119 |
2020-01-01 | $159,900 (2.6%) | $222,930 (14.4%) | 0.00 | 118 |
2020-02-01 | $154,900 (-7.5%) | $228,870 (9.1%) | 0.00 | 108 |
2020-03-01 | $175,950 (1.1%) | $251,836 (11.1%) | 0.00 | 114 |
2020-04-01 | $179,000 (0.1%) | $251,162 (6.7%) | 0.00 | 115 |
2020-05-01 | $199,000 (10.7%) | $255,226 (4.8%) | 0.00 | 107 |
2020-06-01 | $214,450 (22.5%) | $286,667 (19.8%) | 0.00 | 94 |
2020-07-01 | $218,950 (26.1%) | $294,997 (26.8%) | 0.00 | 91 |
2020-08-01 | $225,000 (28.6%) | $300,691 (29.1%) | 0.00 | 80 |
2020-09-01 | $227,000 (32.0%) | $304,649 (32.4%) | 0.00 | 80 |
2020-10-01 | $225,000 (27.2%) | $300,252 (25.7%) | 0.00 | 79 |
2020-11-01 | $184,900 (8.8%) | $288,437 (25.1%) | 0.00 | 82 |
2020-12-01 | $169,900 (6.3%) | $277,617 (21.7%) | 0.00 | 77 |
2021-01-01 | $175,000 (9.4%) | $289,217 (29.7%) | 0.00 | 59 |
2021-02-01 | $219,900 (42.0%) | $328,149 (43.4%) | 0.00 | 51 |
2021-03-01 | $214,500 (21.9%) | $343,748 (36.5%) | 0.00 | 53 |
2021-04-01 | $251,500 (40.5%) | $364,874 (45.3%) | 0.00 | 53 |
2021-05-01 | $187,000 (-6.0%) | $319,273 (25.1%) | 0.00 | 54 |
2021-06-01 | $234,450 (9.3%) | $338,030 (17.9%) | 0.00 | 55 |
2021-07-01 | $234,450 (7.1%) | $341,556 (15.8%) | 0.00 | 50 |
2021-08-01 | $190,000 (-15.6%) | $318,673 (6.0%) | 0.00 | 48 |
2021-09-01 | $190,000 (-16.3%) | $288,886 (-5.2%) | 0.00 | 50 |
2021-10-01 | $187,000 (-16.9%) | $283,580 (-5.6%) | 0.00 | 47 |
2021-11-01 | $198,000 (7.1%) | $273,927 (-5.0%) | 0.00 | 49 |
2021-12-01 | $167,400 (-1.5%) | $243,260 (-12.4%) | 0.00 | 41 |
2022-01-01 | $144,500 (-17.4%) | $227,387 (-21.4%) | 0.00 | 37 |
2022-02-01 | $169,950 (-22.7%) | $257,920 (-21.4%) | 0.00 | 28 |
2022-03-01 | $144,500 (-32.6%) | $287,343 (-16.4%) | 0.00 | 32 |
2022-04-01 | $175,000 (-30.4%) | $276,583 (-24.2%) | 0.00 | 31 |
2022-05-01 | $226,950 (21.4%) | $309,926 (-2.9%) | 0.00 | 28 |
2022-06-01 | $270,000 (15.2%) | $334,605 (-1.0%) | 0.00 | 23 |
Effingham's median listing price comes in at 0% of the national average.
Effingham's average listing price for 2022-06-01 was $334,605, a difference of $-3,425 (-1.0%) versus the prior year and $24,679 versus the prior month.
For the 2022-06-01 period, Effingham had 23 MLS listings, a difference of -5 listings (-18%) versus the prior month and -32 listings (-58%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Effingham (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,048 sqft |
2018-02-01 | 0 days | 2,049 sqft |
2018-03-01 | 0 days | 2,310 sqft |
2018-04-01 | 0 days | 2,343 sqft |
2018-05-01 | 0 days | 2,102 sqft |
2018-06-01 | 0 days | 2,211 sqft |
2018-07-01 | 0 days | 2,230 sqft |
2018-08-01 | 0 days | 2,146 sqft |
2018-09-01 | 0 days | 2,080 sqft |
2018-10-01 | 0 days | 2,046 sqft |
2018-11-01 | 0 days | 2,056 sqft |
2018-12-01 | 0 days | 1,960 sqft |
2019-01-01 | 0 days | 1,842 sqft |
2019-02-01 | 0 days | 1,856 sqft |
2019-03-01 | 0 days | 1,940 sqft |
2019-04-01 | 0 days | 2,003 sqft |
2019-05-01 | 0 days | 2,068 sqft |
2019-06-01 | 0 days | 2,039 sqft |
2019-07-01 | 0 days | 2,011 sqft |
2019-08-01 | 0 days | 1,952 sqft |
2019-09-01 | 0 days | 1,889 sqft |
2019-10-01 | 0 days | 1,838 sqft |
2019-11-01 | 0 days | 1,892 sqft |
2019-12-01 | 0 days | 1,850 sqft |
2020-01-01 | 0 days | 1,848 sqft |
2020-02-01 | 0 days | 1,848 sqft |
2020-03-01 | 0 days | 1,957 sqft |
2020-04-01 | 0 days | 2,018 sqft |
2020-05-01 | 0 days | 2,042 sqft |
2020-06-01 | 0 days | 2,110 sqft |
2020-07-01 | 0 days | 2,119 sqft |
2020-08-01 | 0 days | 2,159 sqft |
2020-09-01 | 0 days | 2,264 sqft |
2020-10-01 | 0 days | 2,310 sqft |
2020-11-01 | 0 days | 2,021 sqft |
2020-12-01 | 0 days | 1,856 sqft |
2021-01-01 | 0 days | 1,774 sqft |
2021-02-01 | 0 days | 2,016 sqft |
2021-03-01 | 0 days | 2,041 sqft |
2021-04-01 | 0 days | 2,102 sqft |
2021-05-01 | 0 days | 1,600 sqft |
2021-06-01 | 0 days | 1,964 sqft |
2021-07-01 | 0 days | 2,132 sqft |
2021-08-01 | 0 days | 1,960 sqft |
2021-09-01 | 0 days | 1,920 sqft |
2021-10-01 | 0 days | 2,040 sqft |
2021-11-01 | 0 days | 2,001 sqft |
2021-12-01 | 0 days | 1,631 sqft |
2022-01-01 | 0 days | 1,550 sqft |
2022-02-01 | 0 days | 2,048 sqft |
2022-03-01 | 0 days | 1,809 sqft |
2022-04-01 | 0 days | 1,742 sqft |
2022-05-01 | 0 days | 1,918 sqft |
2022-06-01 | 0 days | 1,959 sqft |
Effingham's median square footage for active listings during the 2022-06-01 period was 1,959 sqft. One year prior, the average listing was 1,964 sqft.