Elk City Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Elk City averaged 6.44% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

The average rate for the prior week (2025-03-27) was 6.45% and one month ago for the week of 2025-02-27, the average rate was 6.76%.

Elk City's average rate one year ago was 6.59%.

For refis of the same type during the week of 2025-04-03, the average rate was 7.24%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-04-03 6.64%
Elk City 30 Year Fixed Rate 2025-04-03 6.44%
Elk City 30 Year Fixed Rate Refi 2025-04-03 7.24%
Elk City 15 Year Fixed Rate 2025-04-03 5.72%
Elk City 15 Year Fixed Rate Refi 2025-04-03 6.42%
Elk City 30 Year FHA 2025-04-03 6.46%
Elk City 30 Year FHA Refi 2025-04-03 6.26%
Elk City 30 Year USDA 2025-04-03 6.12%
Elk City 30 Year USDA Refi 2025-04-03 6.52%
Elk City 30 Year VA 2025-04-03 6.26%
Elk City 30 Year VA Refi 2025-04-03 6.06%
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 lender, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 13 7.27% $6,286
INTERLINC MORTGAGE SERVICES, LLC 12 6.99% $3,862
Great Plains National Bank 7 6.55% $4,600
UNITED WHOLESALE MORTGAGE, LLC 4 7.02% $8,254
InterBank 3 7.54% $4,097
SUN WEST MORTGAGE COMPANY, INC. 2 7.56% $8,128
Waterstone Mortgage Corporation 2 6.81% $7,247
Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $7,521
NAVY FEDERAL CREDIT UNION 1 6.75% $4,028
NexBank 1 7.13% $6,473
AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $7,790
Willamette Valley Bank 1 6.63% $11,112
Arvest Bank 1 6.88% $7,010
BROKER SOLUTIONS, INC. 1 8.13% $6,019
Carrington Mortgage Services, LLC 1 6.75% $7,783
Discover Bank 1 7.81% $0
GUARANTEED RATE, INC. 1 8.00% $11,191
LOANDEPOT.COM, LLC 1 6.63% $6,996

Elk City Average Closing Costs & Other Stats

Elk City, OK's 18 lenders originated 218 loans during 2024. The total origination value was $33,550,000, with an average loan value of $153,899.

Elk City's average closing costs are $4,846.

The top Elk City lender as defined by loan originations is QUICKEN LOANS, LLC, with 13 loans originated. Their average total fees are $6,286, which is $2,424 higher than the next largest lender, INTERLINC MORTGAGE SERVICES, LLC.

The lowest fee Elk City lenders (with over 10 loans originated) are INTERLINC MORTGAGE SERVICES, LLC ($3,862), QUICKEN LOANS, LLC ($6,286), .

The lowest rate Elk City lenders (with over 10 loans originated) are INTERLINC MORTGAGE SERVICES, LLC (6.99%), QUICKEN LOANS, LLC (7.27%), .

Elk City, 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
Great Plains National Bank $3,980,000 $4,760,000 19.6% 14.2%
SUN WEST MORTGAGE COMPANY, INC. $3,765,000 $4,160,000 10.5% 12.4%
QUICKEN LOANS, LLC $1,760,000 $4,100,000 133.0% 12.2%
INTERLINC MORTGAGE SERVICES, LLC $8,325,000 $3,895,000 -53.2% 11.6%
Mortgage Research Center, LLC $1,610,000 $1,465,000 -9.0% 4.4%
InterBank $3,065,000 $1,280,000 -58.2% 3.8%
GUARANTEED RATE, INC. $720,000 $1,130,000 56.9% 3.4%
UNITED WHOLESALE MORTGAGE, LLC $1,645,000 $900,000 -45.3% 2.7%
GUILD MORTGAGE COMPANY $135,000 $675,000 400.0% 2.0%
Mr. Cooper ( Nationstar Mortgage ) $655,000 n/a 2.0%
Farm Credit Mid-America, ACA $640,000 n/a 1.9%
Equity Prime Mortgage LLC $265,000 $630,000 137.7% 1.9%
CORNERSTONE HOME LENDING, INC. $580,000 n/a 1.7%
LOANDEPOT.COM, LLC $315,000 $515,000 63.5% 1.5%
LENDINGHOME FUNDING CORPORATION $510,000 n/a 1.5%
Waterstone Mortgage Corporation $470,000 n/a 1.4%
Arvest Bank $625,000 $455,000 -27.2% 1.4%
MORTGAGE SOLUTIONS OF COLORADO, LLC $225,000 $430,000 91.1% 1.3%
Equity Bank $375,000 n/a 1.1%
NAVY FEDERAL CREDIT UNION $95,000 $330,000 247.4% 1.0%
BROKER SOLUTIONS, INC. $530,000 $320,000 -39.6% 1.0%
Legacy Bank $195,000 $320,000 64.1% 1.0%
TOWNE MORTGAGE COMPANY $290,000 n/a 0.9%
CARDINAL FINANCIAL $285,000 n/a 0.8%
Credence Funding Corporation $285,000 n/a 0.8%
NexBank $285,000 n/a 0.8%
VILLAGE CAPITAL MORTGAGE $285,000 n/a 0.8%
MLD MORTGAGE INC. $275,000 n/a 0.8%
21ST MORTGAGE CORPORATION $410,000 $245,000 -40.2% 0.7%
NEW FED MORTGAGE, CORP. $225,000 n/a 0.7%
Willamette Valley Bank $225,000 n/a 0.7%
FREEDOM MORTGAGE CORPORATION $85,000 $215,000 152.9% 0.6%
AMERISAVE MORTGAGE CORPORATION $615,000 $200,000 -67.5% 0.6%
AmeriHome Mortgage Company, LLC $195,000 n/a 0.6%
BancFirst $1,010,000 $190,000 -81.2% 0.6%
SUCCESS MORTGAGE PARTNERS, INC. $185,000 n/a 0.6%
The Federal Savings Bank $435,000 $175,000 -59.8% 0.5%
The Huntington National Bank $175,000 n/a 0.5%
AMERICAN FINANCIAL RESOURCES, INC. $145,000 n/a 0.4%
PENNYMAC LOAN SERVICES, LLC $395,000 $145,000 -63.3% 0.4%
Carrington Mortgage Services, LLC $195,000 $135,000 -30.8% 0.4%
First National Bank and Trust Company of Ardmore $125,000 n/a 0.4%
Discover Bank $95,000 n/a 0.3%
First Federal Bank $85,000 n/a 0.3%
VANDERBILT MORTGAGE AND FINANCE, INC. $85,000 n/a 0.3%
RCB Bank $75,000 n/a 0.2%
Amarillo National Bank $65,000 n/a 0.2%
Figure Lending LLC $65,000 n/a 0.2%
First National Bank and Trust Company $65,000 $65,000 0.0% 0.2%
Fidelity Bank $55,000 n/a 0.2%
RUOFF MORTGAGE COMPANY, INC. $65,000 $55,000 -15.4% 0.2%
Coastal Community Bank $15,000 $25,000 66.7% 0.1%

Elk City's top lender by overall market share is Great Plains National Bank, with 14.2% market share. In second place, with 12.4%, is SUN WEST MORTGAGE COMPANY, INC., having originated $4,160,000 in loans. In third place, with 12.2%, is QUICKEN LOANS, LLC, having originated $4,100,000 in loans. In fourth place, with 11.6%, is INTERLINC MORTGAGE SERVICES, LLC, having originated $3,895,000 in loans. In fifth place, with 4.4%, is Mortgage Research Center, LLC, having originated $1,465,000 in loans.


Elk City Housing Market Trends (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 $128,450 (-7.8%) $171,467 (12.2%) 0.00 194
2018-02-01 $128,500 (-5.3%) $171,619 (17.1%) 0.00 197
2018-03-01 $125,000 (-6.5%) $166,369 (12.7%) 0.00 207
2018-04-01 $129,925 (-3.8%) $169,306 (10.3%) 0.00 220
2018-05-01 $129,975 (-5.2%) $173,212 (9.7%) 0.00 219
2018-06-01 $139,450 (0.9%) $176,079 (12.0%) 0.00 233
2018-07-01 $134,950 (-3.5%) $169,662 (8.1%) 0.00 225
2018-08-01 $134,950 (0.0%) $170,908 (11.1%) 0.00 225
2018-09-01 $134,750 (-0.2%) $172,223 (10.5%) 0.00 209
2018-10-01 $145,000 (7.4%) $179,566 (12.9%) 0.00 212
2018-11-01 $149,325 (10.7%) $180,018 (12.1%) 0.00 220
2018-12-01 $147,000 (13.1%) $179,938 (6.0%) 0.00 220
2019-01-01 $144,225 (12.3%) $174,833 (2.0%) 0.00 211
2019-02-01 $142,225 (10.7%) $177,557 (3.5%) 0.00 204
2019-03-01 $146,829 (17.5%) $177,376 (6.6%) 0.00 197
2019-04-01 $149,950 (15.4%) $185,313 (9.5%) 0.00 194
2019-05-01 $149,950 (15.4%) $179,799 (3.8%) 0.00 193
2019-06-01 $149,900 (7.5%) $175,737 (-0.2%) 0.00 202
2019-07-01 $149,000 (10.4%) $172,643 (1.8%) 0.00 198
2019-08-01 $147,791 (9.5%) $172,894 (1.2%) 0.00 199
2019-09-01 $148,977 (10.6%) $174,167 (1.1%) 0.00 197
2019-10-01 $149,900 (3.4%) $175,015 (-2.5%) 0.00 195
2019-11-01 $149,450 (0.1%) $171,465 (-4.8%) 0.00 188
2019-12-01 $149,950 (2.0%) $168,793 (-6.2%) 0.00 201
2020-01-01 $148,750 (3.1%) $167,926 (-4.0%) 0.00 202
2020-02-01 $146,250 (2.8%) $163,502 (-7.9%) 0.00 195
2020-03-01 $145,625 (-0.8%) $164,783 (-7.1%) 0.00 192
2020-04-01 $145,375 (-3.1%) $169,788 (-8.4%) 0.00 199
2020-05-01 $139,450 (-7.0%) $165,462 (-8.0%) 0.00 197
2020-06-01 $139,000 (-7.3%) $168,949 (-3.9%) 0.00 172
2020-07-01 $126,500 (-15.1%) $168,014 (-2.7%) 0.00 175
2020-08-01 $132,900 (-10.1%) $170,883 (-1.2%) 0.00 168
2020-09-01 $139,475 (-6.4%) $176,478 (1.3%) 0.00 156
2020-10-01 $135,000 (-9.9%) $166,940 (-4.6%) 0.00 169
2020-11-01 $134,750 (-9.8%) $167,767 (-2.2%) 0.00 158
2020-12-01 $135,000 (-10.0%) $170,141 (0.8%) 0.00 158
2021-01-01 $132,000 (-11.3%) $189,664 (13.0%) 0.00 155
2021-02-01 $135,450 (-7.4%) $232,015 (41.9%) 0.00 151
2021-03-01 $139,675 (-4.1%) $232,080 (40.8%) 0.00 149
2021-04-01 $134,950 (-7.2%) $235,444 (38.7%) 0.00 153
2021-05-01 $135,500 (-2.8%) $256,566 (55.1%) 0.00 137
2021-06-01 $147,450 (6.1%) $277,367 (64.2%) 0.00 140
2021-07-01 $159,900 (26.4%) $300,435 (78.8%) 0.00 144
2021-08-01 $159,900 (20.3%) $306,970 (79.6%) 0.00 129
2021-09-01 $162,250 (16.3%) $320,133 (81.4%) 0.00 128
2021-10-01 $159,200 (17.9%) $309,904 (85.6%) 0.00 130
2021-11-01 $160,450 (19.1%) $315,414 (88.0%) 0.00 119
2021-12-01 $159,975 (18.5%) $287,886 (69.2%) 0.00 101
2022-01-01 $158,500 (20.1%) $258,441 (36.3%) 0.00 97
2022-02-01 $157,225 (16.1%) $204,578 (-11.8%) 0.00 95
2022-03-01 $143,750 (2.9%) $196,088 (-15.5%) 0.00 89
2022-04-01 $118,400 (-12.3%) $181,070 (-23.1%) 0.00 84
2022-05-01 $136,000 (0.4%) $196,214 (-23.5%) 0.00 82
2022-06-01 $126,975 (-13.9%) $195,640 (-29.5%) 0.00 100
2022-07-01 $152,450 (-4.7%) $211,779 (-29.5%) 0.00 114
2022-08-01 $154,975 (-3.1%) $215,822 (-29.7%) 0.00 110
2022-09-01 $154,950 (-4.5%) $223,501 (-30.2%) 0.00 101
2022-10-01 $157,450 (-1.1%) $236,029 (-23.8%) 0.00 92
2022-11-01 $159,950 (-0.3%) $237,517 (-24.7%) 0.00 94
2022-12-01 $159,900 (-0.1%) $231,358 (-19.6%) 0.00 97
2023-01-01 $157,400 (-0.7%) $224,349 (-13.2%) 0.00 94
2023-02-01 $184,425 (17.3%) $221,941 (8.5%) 0.00 94
2023-03-01 $182,750 (27.1%) $229,910 (17.3%) 0.00 92
2023-04-01 $187,500 (58.4%) $222,298 (22.8%) 0.00 87
2023-05-01 $170,500 (25.4%) $217,595 (10.9%) 0.00 89
2023-06-01 $170,000 (33.9%) $217,174 (11.0%) 0.00 85
2023-07-01 $174,900 (14.7%) $227,527 (7.4%) 0.00 86
2023-08-01 $196,500 (26.8%) $240,972 (11.7%) 0.00 85
2023-09-01 $189,000 (22.0%) $230,925 (3.3%) 0.00 90
2023-10-01 $187,750 (19.2%) $227,996 (-3.4%) 0.00 101
2023-11-01 $179,000 (11.9%) $218,481 (-8.0%) 0.00 101
2023-12-01 $179,500 (12.3%) $233,110 (0.8%) 0.00 96
2024-01-01 $169,225 (7.5%) $234,603 (4.6%) 0.00 99
2024-02-01 $164,500 (-10.8%) $234,483 (5.7%) 0.00 91
2024-03-01 $179,900 (-1.6%) $238,520 (3.7%) 0.00 90
2024-04-01 $183,650 (-2.1%) $224,349 (0.9%) 0.00 90
2024-05-01 $194,950 (14.3%) $230,492 (5.9%) 0.00 90
2024-06-01 $194,900 (14.7%) $239,685 (10.4%) 0.00 90
2024-07-01 $197,400 (12.9%) $240,921 (5.9%) 0.00 93
2024-08-01 $202,450 (3.0%) $240,873 (0.0%) 0.00 95
2024-09-01 $229,950 (21.7%) $249,582 (8.1%) 0.00 98
2024-10-01 $233,750 (24.5%) $259,528 (13.8%) 0.00 95
2024-11-01 $227,900 (27.3%) $238,924 (9.4%) 0.00 102
2024-12-01 $224,700 (25.2%) $233,071 (0.0%) 0.00 105
2025-01-01 $227,475 (34.4%) $235,417 (0.4%) 0.00 96
2025-02-01 $229,675 (39.6%) $236,172 (0.7%) 0.00 105
2025-03-01 $224,900 (25.0%) $242,809 (1.8%) 0.00 114
Elk City's median listing price for 2025-03-01 was $224,900, a difference of $45,000 (25.0%) versus the prior year and $-4,775 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 2025-03-01 was $242,809, a difference of $4,289 (1.8%) versus the prior year and $6,637 versus the prior month.

For the 2025-03-01 period, Elk City had 114 MLS listings, a difference of 9 listings (9%) versus the prior month and 24 listings (27%) 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 1,637 sqft
2018-02-01 0 days 1,608 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 1,597 sqft
2018-07-01 0 days 1,599 sqft
2018-08-01 0 days 1,602 sqft
2018-09-01 0 days 1,689 sqft
2018-10-01 0 days 1,680 sqft
2018-11-01 0 days 1,718 sqft
2018-12-01 0 days 1,716 sqft
2019-01-01 0 days 1,706 sqft
2019-02-01 0 days 1,690 sqft
2019-03-01 0 days 1,715 sqft
2019-04-01 0 days 1,747 sqft
2019-05-01 0 days 1,747 sqft
2019-06-01 0 days 1,724 sqft
2019-07-01 0 days 1,677 sqft
2019-08-01 0 days 1,677 sqft
2019-09-01 0 days 1,683 sqft
2019-10-01 0 days 1,685 sqft
2019-11-01 0 days 1,633 sqft
2019-12-01 0 days 1,614 sqft
2020-01-01 0 days 1,625 sqft
2020-02-01 0 days 1,620 sqft
2020-03-01 0 days 1,626 sqft
2020-04-01 0 days 1,630 sqft
2020-05-01 0 days 1,608 sqft
2020-06-01 0 days 1,622 sqft
2020-07-01 0 days 1,629 sqft
2020-08-01 0 days 1,658 sqft
2020-09-01 0 days 1,621 sqft
2020-10-01 0 days 1,608 sqft
2020-11-01 0 days 1,564 sqft
2020-12-01 0 days 1,603 sqft
2021-01-01 0 days 1,587 sqft
2021-02-01 0 days 1,541 sqft
2021-03-01 0 days 1,581 sqft
2021-04-01 0 days 1,582 sqft
2021-05-01 0 days 1,608 sqft
2021-06-01 0 days 1,675 sqft
2021-07-01 0 days 1,730 sqft
2021-08-01 0 days 1,696 sqft
2021-09-01 0 days 1,715 sqft
2021-10-01 0 days 1,755 sqft
2021-11-01 0 days 1,732 sqft
2021-12-01 0 days 1,639 sqft
2022-01-01 0 days 1,632 sqft
2022-02-01 0 days 1,571 sqft
2022-03-01 0 days 1,627 sqft
2022-04-01 0 days 1,448 sqft
2022-05-01 0 days 1,586 sqft
2022-06-01 0 days 1,573 sqft
2022-07-01 0 days 1,614 sqft
2022-08-01 0 days 1,589 sqft
2022-09-01 0 days 1,623 sqft
2022-10-01 0 days 1,719 sqft
2022-11-01 0 days 1,775 sqft
2022-12-01 0 days 1,717 sqft
2023-01-01 0 days 1,718 sqft
2023-02-01 0 days 1,765 sqft
2023-03-01 0 days 1,819 sqft
2023-04-01 0 days 1,766 sqft
2023-05-01 0 days 1,708 sqft
2023-06-01 0 days 1,698 sqft
2023-07-01 0 days 1,680 sqft
2023-08-01 0 days 1,798 sqft
2023-09-01 0 days 1,730 sqft
2023-10-01 0 days 1,704 sqft
2023-11-01 0 days 1,622 sqft
2023-12-01 0 days 1,600 sqft
2024-01-01 0 days 1,578 sqft
2024-02-01 0 days 1,576 sqft
2024-03-01 0 days 1,600 sqft
2024-04-01 0 days 1,587 sqft
2024-05-01 0 days 1,670 sqft
2024-06-01 0 days 1,689 sqft
2024-07-01 0 days 1,693 sqft
2024-08-01 0 days 1,740 sqft
2024-09-01 0 days 1,832 sqft
2024-10-01 0 days 1,857 sqft
2024-11-01 0 days 1,805 sqft
2024-12-01 0 days 1,753 sqft
2025-01-01 0 days 1,771 sqft
2025-02-01 0 days 1,768 sqft
2025-03-01 0 days 1,771 sqft
Elk City's median listing age (time on market) for 2025-03-01 was 0 days.

Elk City's median square footage for active listings during the 2025-03-01 period was 1,771 sqft. One year prior, the average listing was 1,600 sqft.

Elk City, OK Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 144 $24,120,000 $167,500
Cash Out Refi 31 $3,825,000 $123,387
Refi 25 $4,705,000 $188,200
Other 10 $520,000 $52,000
Home Improvement 8 $380,000 $47,500

Elk City's most frequently cited loan purpose was Home Purchase, with 144 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 82 $14,020,000 $170,976
Over 8% 52 $5,200,000 $100,000
7-8% 47 $7,545,000 $160,532
5-6% 29 $5,535,000 $190,862
4-5% 2 $550,000 $275,000
2.5-3% 1 $255,000 $255,000

During 2024, Elk City's most frequently originated rate bucket was 6-7%, with 82 originations.

Loan Sizing (Elk City, OK MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 83 $12,465,000 $150,181
$100,000 or less 78 $4,850,000 $62,179
$200k-400k 53 $13,965,000 $263,491
$400k-600k 3 $1,555,000 $518,333
$600k-1000k 1 $715,000 $715,000

Elk City's loan sizing saw the bucket of loans from $100k-200k with 83 originations, totaling $12,465,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 110 $19,930,000 $181,182
60-80% 55 $7,885,000 $143,364
40-60% 20 $2,690,000 $134,500
20-40% 14 $980,000 $70,000
Under 20% 8 $220,000 $27,500
Over 100% 2 $460,000 $230,000

Elk City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 110 originations, totaling $19,930,000 in origination value.