Elk City Mortgage Rates

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  • Trends
  • Rates vs. Fees
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  • Market Share
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  • Time on Market/Property Size
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Elk City averaged 6.2% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

    The average rate for the prior week (2022-06-16) was 5.77% and one month ago for the week of 2022-05-19, the average rate was 5.54%.

    Elk City's average rate one year ago was 3.38%.

    For refis of the same type during the week of 2022-06-23, the average rate was 6.14%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2022-06-23 5.81%
    Elk City 30 Year Fixed Rate 2022-06-23 6.2%
    Elk City 30 Year Fixed Rate Refi 2022-06-23 6.14%
    Elk City 15 Year Fixed Rate 2022-06-23 7.44%
    Elk City 15 Year Fixed Rate Refi 2022-06-23 5.47%
    Elk City 30 Year FHA 2022-06-23 0.04%
    Elk City 30 Year FHA Refi 2022-06-23 0.15%
    Elk City 30 Year USDA 2022-06-23 0.06%
    Elk City 30 Year USDA Refi 2022-06-23 2.96%
    Elk City 30 Year VA 2022-06-23 0.45%
    Elk City 30 Year VA Refi 2022-06-23 -0.04%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Elk City, OK.

    Elk City 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 Elk City, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    INTERLINC MORTGAGE SERVICES, LLC 24 3.18% $3,203
    QUICKEN LOANS, LLC 15 3.12% $6,237
    InterBank 14 3.15% $3,399
    Great Plains National Bank 14 3.34% $3,653
    MID AMERICA MORTGAGE, INC. 12 3.28% $4,266
    LOANDEPOT.COM, LLC 6 3.29% $5,634
    CALIBER HOME LOANS, INC. 4 3.75% $3,784
    AMERISAVE MORTGAGE CORPORATION 3 2.88% $3,735
    Mr. Cooper ( Nationstar Mortgage ) 3 3.13% $5,748
    F & M Bank 3 2.96% $3,778
    BROKER SOLUTIONS, INC. 2 3.31% $4,397
    Gateway First Bank 2 3.19% $5,000
    First United Bank and Trust Company 2 3.13% $3,269
    HOME POINT FINANCIAL CORPORATION 2 3.00% $3,294
    CMG MORTGAGE, INC. 2 3.19% $4,399
    JPMorgan Chase Bank 2 2.94% $5,243
    Prosperity Bank 1 2.38% $5,265
    Quontic Bank 1 5.75% $9,551
    The Central Trust Bank 1 3.63% $3,453
    UNITED WHOLESALE MORTGAGE, LLC 1 3.20% $4,708
    Wells Fargo Bank 1 2.50% $3,836
    WEOKIE 1 2.50% $3,267
    Ally Bank 1 2.88% $5,070
    ZILLOW HOME LOANS, LLC 1 3.38% $3,883
    AMERICAN FINANCIAL NETWORK, INC. 1 3.38% $6,229
    AMERICAN FINANCING CORPORATION 1 2.75% $2,497
    Arvest Bank 1 3.25% $3,167
    ASSOCIATED MORTGAGE CORPORATION 1 3.25% $3,841
    BancFirst 1 3.88% $4,083
    Bank of America 1 3.13% $6,889
    BOKF 1 3.25% $3,510
    CHURCHILL MORTGAGE CORPORATION 1 3.50% $3,915
    Citizens Bank 1 3.00% $3,788
    CORNERSTONE HOME LENDING, INC. 1 2.99% $3,887
    Flagstar Bank, FSB 1 3.38% $6,980
    Manufacturers and Traders Trust Company 1 3.25% $3,922
    MidFirst Bank 1 3.65% $3,235
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.13% $4,593
    OKLAHOMA'S 1 3.00% $5,911

    Elk City, OK's 39 lenders originated 452 loans during 2021. The total origination value was $71,350,000, with an average loan value of $157,854.

    The top Elk City lender as defined by loan originations is INTERLINC MORTGAGE SERVICES, LLC, with 24 loans originated. Their average total fees are $3,203, which is $3,033 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Elk City lenders (with over 10 loans originated) are INTERLINC MORTGAGE SERVICES, LLC ($3,203), InterBank ($3,399), Great Plains National Bank ($3,653), MID AMERICA MORTGAGE, INC. ($4,266) and QUICKEN LOANS, LLC ($6,237).

    The lowest rate Elk City lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.12%), InterBank (3.15%), INTERLINC MORTGAGE SERVICES, LLC (3.18%), MID AMERICA MORTGAGE, INC. (3.28%) and Great Plains National Bank (3.34%).

    Elk City, OK 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
    INTERLINC MORTGAGE SERVICES, LLC $9,270,000 $10,570,000 14.0% 14.8%
    MID AMERICA MORTGAGE, INC. $7,695,000 $10,345,000 34.4% 14.5%
    QUICKEN LOANS, LLC $3,975,000 $6,235,000 56.9% 8.7%
    Great Plains National Bank $9,200,000 $6,000,000 -34.8% 8.4%
    InterBank $5,820,000 $5,845,000 0.4% 8.2%
    LOANDEPOT.COM, LLC $1,000,000 $2,655,000 165.5% 3.7%
    HOME POINT FINANCIAL CORPORATION $2,060,000 n/a 2.9%
    FREEDOM MORTGAGE CORPORATION $1,560,000 $1,275,000 -18.3% 1.8%
    Mortgage Research Center, LLC $805,000 $1,170,000 45.3% 1.6%
    BROKER SOLUTIONS, INC. $1,155,000 n/a 1.6%
    Mr. Cooper ( Nationstar Mortgage ) $445,000 $1,055,000 137.1% 1.5%
    AMERISAVE MORTGAGE CORPORATION $135,000 $1,025,000 659.3% 1.4%
    Gateway First Bank $440,000 $985,000 123.9% 1.4%
    Wells Fargo Bank $450,000 $875,000 94.4% 1.2%
    FIRST AMERICAN MORTGAGE, INC. $835,000 n/a 1.2%
    NEWREZ LLC $195,000 $820,000 320.5% 1.1%
    LAKEVIEW LOAN SERVICING, LLC $155,000 $775,000 400.0% 1.1%
    U.S. Bank $135,000 $765,000 466.7% 1.1%
    MidFirst Bank $440,000 $705,000 60.2% 1.0%
    F & M Bank $350,000 $685,000 95.7% 1.0%
    Prosperity Bank $645,000 n/a 0.9%
    CALIBER HOME LOANS, INC. $750,000 $620,000 -17.3% 0.9%
    CORNERSTONE HOME LENDING, INC. $595,000 n/a 0.8%
    JPMorgan Chase Bank $155,000 $590,000 280.6% 0.8%
    PENNYMAC LOAN SERVICES, LLC $145,000 $550,000 279.3% 0.8%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $195,000 $520,000 166.7% 0.7%
    CMG MORTGAGE, INC. $455,000 n/a 0.6%
    LHM FINANCIAL CORPORATION $455,000 n/a 0.6%
    GUARANTEED RATE, INC. $295,000 $430,000 45.8% 0.6%
    BETTER MORTGAGE CORPORATION $155,000 $425,000 174.2% 0.6%
    First United Bank and Trust Company $75,000 $410,000 446.7% 0.6%
    ZILLOW HOME LOANS, LLC $410,000 n/a 0.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,560,000 $405,000 -74.0% 0.6%
    CHURCHILL MORTGAGE CORPORATION $290,000 $390,000 34.5% 0.5%
    GUILD MORTGAGE COMPANY $360,000 n/a 0.5%
    USAA Federal Savings Bank $685,000 $355,000 -48.2% 0.5%
    Quontic Bank $345,000 n/a 0.5%
    BOKF $565,000 $340,000 -39.8% 0.5%
    BancFirst $935,000 $335,000 -64.2% 0.5%
    NEW DAY FINANCIAL, LLC $35,000 $335,000 857.1% 0.5%
    The Federal Savings Bank $490,000 $335,000 -31.6% 0.5%
    The Central Trust Bank $300,000 n/a 0.4%
    Barrington Bank & Trust Company, N.A. $260,000 n/a 0.4%
    First Guaranty Mortgage Corporation $135,000 $260,000 92.6% 0.4%
    AMERICAN INTERNET MORTGAGE, INC. $195,000 $255,000 30.8% 0.4%
    Citizens Bank $245,000 n/a 0.3%
    VILLAGE CAPITAL & INVESTMENT LLC $715,000 $240,000 -66.4% 0.3%
    Ally Bank $220,000 n/a 0.3%
    GUARANTY HOME MORTGAGE CORPORATION $215,000 n/a 0.3%
    OKLAHOMA'S $215,000 $215,000 0.0% 0.3%
    Arvest Bank $200,000 $210,000 5.0% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $325,000 $210,000 -35.4% 0.3%
    Flagstar Bank, FSB $235,000 $205,000 -12.8% 0.3%
    WEOKIE $125,000 $205,000 64.0% 0.3%
    WESTERN EXPRESS LENDING $195,000 n/a 0.3%
    ALLEGIANCE $500,000 $185,000 -63.0% 0.3%
    Herring Bank $185,000 n/a 0.3%
    AMERICAN FINANCING CORPORATION $155,000 $175,000 12.9% 0.2%
    First Bank & Trust Co. $175,000 n/a 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $165,000 $175,000 6.1% 0.2%
    All America Bank $170,000 n/a 0.2%
    ASSOCIATED MORTGAGE CORPORATION $165,000 n/a 0.2%
    Bank of America $155,000 n/a 0.2%
    First Federal Bank $255,000 $155,000 -39.2% 0.2%
    UNITED WHOLESALE MORTGAGE, LLC $155,000 n/a 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $145,000 n/a 0.2%
    Low VA Rates, LLC $135,000 $135,000 0.0% 0.2%
    Manufacturers and Traders Trust Company $135,000 n/a 0.2%
    ARC HOME LLC $225,000 $125,000 -44.4% 0.2%
    Chickasaw Community Bank $330,000 $125,000 -62.1% 0.2%
    GREAT WESTERN FINANCIAL SERVICES, INC. $95,000 n/a 0.1%
    CANOPY MORTGAGE, LLC $85,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $85,000 n/a 0.1%
    Great Southern Bank $85,000 n/a 0.1%
    NAVY FEDERAL CREDIT UNION $175,000 $75,000 -57.1% 0.1%
    SOUTHWEST STAGE FUNDING, LLC $75,000 n/a 0.1%
    COMMUNICATION $65,000 n/a 0.1%
    Legacy Bank $160,000 $50,000 -68.8% 0.1%

    Elk City's top lender by overall market share is INTERLINC MORTGAGE SERVICES, LLC, with 14.8% market share. In second place, with 14.5%, is MID AMERICA MORTGAGE, INC., having originated $10,345,000 in loans. In third place, with 8.7%, is QUICKEN LOANS, LLC, having originated $6,235,000 in loans. In third place, with 8.4%, is Great Plains National Bank, having originated $6,000,000 in loans. In third place, with 8.2%, is InterBank, having originated $5,845,000 in loans.

    Elk City, OK Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 257 $40,905,000 $159,163
    Refi 144 $23,480,000 $163,056
    Cash Out Refi 38 $6,150,000 $161,842
    Home Improvement 11 $645,000 $58,636
    Other 2 $170,000 $85,000

    Elk City's most frequently cited loan purpose was Home Purchase, with 257 originations. The 2nd most popular reason was Refi, with 144 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 173 $26,935,000 $155,694
    2.5-3% 139 $23,965,000 $172,410
    <2.5% 56 $12,180,000 $217,500
    4-5% 44 $4,640,000 $105,455
    5-6% 27 $2,535,000 $93,889
    6-7% 6 $340,000 $56,667
    7-8% 1 $175,000 $175,000

    During 2021, Elk City's most frequently originated rate bucket was 3-4%, with 173 originations.

    Loan Sizing (Elk City, OK MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 224 $33,310,000 $148,705
    $100,000 or less 124 $8,060,000 $65,000
    $200k-400k 90 $23,510,000 $261,222
    $400k-600k 13 $5,825,000 $448,077
    $600k-1000k 1 $645,000 $645,000

    Elk City's loan sizing saw the bucket of loans from $100k-200k with 224 originations, totaling $33,310,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 244 $40,300,000 $165,164
    60-80% 124 $20,430,000 $164,758
    40-60% 47 $5,425,000 $115,426
    20-40% 10 $800,000 $80,000
    Over 100% 7 $1,475,000 $210,714
    Under 20% 3 $325,000 $108,333

    Elk City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 244 originations, totaling $40,300,000 in origination value.

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Elk City (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 $127,000 (-9.1%) $169,085 (10.3%) 0.00 194
    2018-02-01 $128,000 (-7.9%) $169,801 (14.9%) 0.00 198
    2018-03-01 $125,000 (-7.4%) $164,232 (10.5%) 0.00 208
    2018-04-01 $129,900 (-5.8%) $167,001 (8.8%) 0.00 221
    2018-05-01 $129,900 (-6.7%) $170,559 (6.1%) 0.00 218
    2018-06-01 $139,000 (-0.6%) $174,531 (9.0%) 0.00 236
    2018-07-01 $134,750 (-5.7%) $168,656 (5.8%) 0.00 224
    2018-08-01 $134,500 (-0.4%) $169,090 (8.2%) 0.00 223
    2018-09-01 $132,000 (-2.2%) $168,050 (6.8%) 0.00 206
    2018-10-01 $145,000 (7.4%) $175,155 (10.8%) 0.00 209
    2018-11-01 $148,950 (11.2%) $176,245 (11.3%) 0.00 217
    2018-12-01 $145,000 (11.6%) $176,172 (5.2%) 0.00 217
    2019-01-01 $139,750 (10.0%) $170,776 (1.0%) 0.00 209
    2019-02-01 $139,500 (9.0%) $173,448 (2.2%) 0.00 199
    2019-03-01 $144,000 (15.2%) $174,244 (6.1%) 0.00 194
    2019-04-01 $149,950 (15.4%) $185,179 (10.9%) 0.00 190
    2019-05-01 $149,950 (15.4%) $179,815 (5.4%) 0.00 193
    2019-06-01 $150,000 (7.9%) $175,803 (0.7%) 0.00 201
    2019-07-01 $149,000 (10.6%) $172,486 (2.3%) 0.00 198
    2019-08-01 $148,243 (10.2%) $171,535 (1.5%) 0.00 200
    2019-09-01 $149,243 (13.1%) $172,935 (2.9%) 0.00 199
    2019-10-01 $150,000 (3.5%) $175,571 (0.2%) 0.00 197
    2019-11-01 $149,900 (0.6%) $172,430 (-2.2%) 0.00 190
    2019-12-01 $149,950 (3.4%) $168,378 (-4.4%) 0.00 202
    2020-01-01 $149,000 (6.6%) $168,006 (-1.6%) 0.00 203
    2020-02-01 $147,500 (5.7%) $163,586 (-5.7%) 0.00 196
    2020-03-01 $146,250 (1.6%) $165,804 (-4.8%) 0.00 192
    2020-04-01 $146,750 (-2.1%) $170,419 (-8.0%) 0.00 197
    2020-05-01 $139,900 (-6.7%) $165,571 (-7.9%) 0.00 195
    2020-06-01 $139,000 (-7.3%) $168,718 (-4.0%) 0.00 171
    2020-07-01 $126,000 (-15.4%) $166,801 (-3.3%) 0.00 173
    2020-08-01 $132,900 (-10.4%) $170,617 (-0.5%) 0.00 169
    2020-09-01 $139,450 (-6.6%) $174,411 (0.9%) 0.00 155
    2020-10-01 $135,000 (-10.0%) $167,047 (-4.9%) 0.00 166
    2020-11-01 $135,000 (-9.9%) $167,767 (-2.7%) 0.00 158
    2020-12-01 $135,000 (-10.0%) $170,942 (1.5%) 0.00 157
    2021-01-01 $135,000 (-9.4%) $189,664 (12.9%) 0.00 154
    2021-02-01 $135,000 (-8.5%) $232,255 (42.0%) 0.00 150
    2021-03-01 $139,200 (-4.8%) $232,776 (40.4%) 0.00 148
    2021-04-01 $134,950 (-8.0%) $234,607 (37.7%) 0.00 153
    2021-05-01 $135,000 (-3.5%) $256,956 (55.2%) 0.00 137
    2021-06-01 $144,950 (4.3%) $275,559 (63.3%) 0.00 139
    2021-07-01 $160,950 (27.7%) $300,631 (80.2%) 0.00 144
    2021-08-01 $159,900 (20.3%) $308,640 (80.9%) 0.00 129
    2021-09-01 $163,500 (17.3%) $319,859 (83.4%) 0.00 127
    2021-10-01 $158,900 (17.7%) $309,324 (85.2%) 0.00 131
    2021-11-01 $161,000 (19.3%) $308,841 (84.1%) 0.00 119
    2021-12-01 $159,950 (18.5%) $282,202 (65.1%) 0.00 103
    2022-01-01 $159,000 (17.8%) $252,714 (33.2%) 0.00 98
    2022-02-01 $158,000 (17.0%) $205,807 (-11.4%) 0.00 96
    2022-03-01 $144,000 (3.5%) $198,743 (-14.6%) 0.00 90
    2022-04-01 $116,900 (-13.4%) $182,194 (-22.3%) 0.00 85
    2022-05-01 $137,000 (1.5%) $196,219 (-23.6%) 0.00 81
    Elk City's median listing price for 2022-05-01 was $137,000, a difference of $2,000 (1.5%) versus the prior year and $20,100 versus the prior month.

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

    Elk City's average listing price for 2022-05-01 was $196,219, a difference of $-60,737 (-23.6%) versus the prior year and $14,025 versus the prior month.

    For the 2022-05-01 period, Elk City had 81 MLS listings, a difference of -4 listings (-5%) versus the prior month and -56 listings (-41%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Elk City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,634 sqft
    2018-02-01 0 days 1,616 sqft
    2018-03-01 0 days 1,520 sqft
    2018-04-01 0 days 1,590 sqft
    2018-05-01 0 days 1,568 sqft
    2018-06-01 0 days 1,590 sqft
    2018-07-01 0 days 1,599 sqft
    2018-08-01 0 days 1,601 sqft
    2018-09-01 0 days 1,684 sqft
    2018-10-01 0 days 1,658 sqft
    2018-11-01 0 days 1,711 sqft
    2018-12-01 0 days 1,712 sqft
    2019-01-01 0 days 1,694 sqft
    2019-02-01 0 days 1,671 sqft
    2019-03-01 0 days 1,699 sqft
    2019-04-01 0 days 1,745 sqft
    2019-05-01 0 days 1,750 sqft
    2019-06-01 0 days 1,727 sqft
    2019-07-01 0 days 1,680 sqft
    2019-08-01 0 days 1,680 sqft
    2019-09-01 0 days 1,681 sqft
    2019-10-01 0 days 1,684 sqft
    2019-11-01 0 days 1,642 sqft
    2019-12-01 0 days 1,619 sqft
    2020-01-01 0 days 1,631 sqft
    2020-02-01 0 days 1,620 sqft
    2020-03-01 0 days 1,627 sqft
    2020-04-01 0 days 1,636 sqft
    2020-05-01 0 days 1,616 sqft
    2020-06-01 0 days 1,620 sqft
    2020-07-01 0 days 1,620 sqft
    2020-08-01 0 days 1,668 sqft
    2020-09-01 0 days 1,633 sqft
    2020-10-01 0 days 1,608 sqft
    2020-11-01 0 days 1,564 sqft
    2020-12-01 0 days 1,607 sqft
    2021-01-01 0 days 1,584 sqft
    2021-02-01 0 days 1,532 sqft
    2021-03-01 0 days 1,596 sqft
    2021-04-01 0 days 1,579 sqft
    2021-05-01 0 days 1,606 sqft
    2021-06-01 0 days 1,679 sqft
    2021-07-01 0 days 1,749 sqft
    2021-08-01 0 days 1,693 sqft
    2021-09-01 0 days 1,712 sqft
    2021-10-01 0 days 1,745 sqft
    2021-11-01 0 days 1,737 sqft
    2021-12-01 0 days 1,645 sqft
    2022-01-01 0 days 1,650 sqft
    2022-02-01 0 days 1,607 sqft
    2022-03-01 0 days 1,628 sqft
    2022-04-01 0 days 1,456 sqft
    2022-05-01 0 days 1,600 sqft
    Elk City's median listing age (time on market) for 2022-05-01 was 0 days.

    Elk City's median square footage for active listings during the 2022-05-01 period was 1,600 sqft. One year prior, the average listing was 1,606 sqft.