Elk City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Elk City averaged
6.5%
for the week of 2024-12-12, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2024-12-05) was
6.89% and
one month ago for the week of 2024-11-07, the
average rate was 6.89%.
Elk City's average rate one year ago was 7.23%.
For refis of the same type during the week of 2024-12-12, the average rate
was 6.6%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-12-12 | 6.6% |
Elk City 30 Year Fixed Rate | 2024-12-12 | 6.5% |
Elk City 30 Year Fixed Rate Refi | 2024-12-12 | 6.6% |
Elk City 15 Year Fixed Rate | 2024-12-12 | 5.64% |
Elk City 15 Year Fixed Rate Refi | 2024-12-12 | 6.24% |
Elk City 30 Year FHA | 2024-12-12 | 6.38% |
Elk City 30 Year FHA Refi | 2024-12-12 | 6.48% |
Elk City 30 Year USDA | 2024-12-12 | 6.1% |
Elk City 30 Year USDA Refi | 2024-12-12 | 6.2% |
Elk City 30 Year VA | 2024-12-12 | 5.88% |
Elk City 30 Year VA Refi | 2024-12-12 | 6.28% |
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
INTERLINC MORTGAGE SERVICES, LLC | 10 | 6.76% | $4,847 |
InterBank | 9 | 7.79% | $2,334 |
QUICKEN LOANS, LLC | 7 | 6.82% | $8,500 |
BancFirst | 3 | 7.33% | $3,781 |
SUN WEST MORTGAGE COMPANY, INC. | 2 | 6.68% | $6,325 |
Great Plains National Bank | 2 | 7.13% | $4,759 |
UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.50% | $4,237 |
Arvest Bank | 2 | 7.38% | $4,543 |
AMERISAVE MORTGAGE CORPORATION | 2 | 6.63% | $5,124 |
NAVY FEDERAL CREDIT UNION | 1 | 6.13% | $2,664 |
OKLAHOMA'S | 1 | 5.88% | $3,149 |
PENNYMAC LOAN SERVICES, LLC | 1 | 7.63% | $4,966 |
Truity Federal Credit Union | 1 | 6.50% | $3,943 |
Unify Home Lending Inc. | 1 | 6.75% | $1,335 |
USAA Federal Savings Bank | 1 | 7.25% | $5,358 |
U.S. Bank | 1 | 7.13% | $8,598 |
ASSOCIATED MORTGAGE CORPORATION | 1 | 6.63% | $4,469 |
BOKF | 1 | 6.63% | $4,070 |
CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.20% | $6,364 |
FREEDOM MORTGAGE CORPORATION | 1 | 6.75% | $6,180 |
Gateway First Bank | 1 | 7.38% | $8,488 |
LOANPEOPLE, LLC | 1 | 8.50% | $7,502 |
Mortgage Research Center, LLC | 1 | 6.50% | $7,493 |
MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 6.50% | $5,662 |
Elk City Average Closing Costs & Other Stats
Elk City, OK's 24 lenders originated 242
loans during 2023. The total origination value was $41,310,000, with an average loan value of
$170,702.
Elk City's average closing costs are $4,669.
The top Elk City lender as defined by loan originations is INTERLINC MORTGAGE SERVICES, LLC, with
10 loans originated. Their average total fees are
$4,847, which is $2,513
higher than the next largest lender,
InterBank.
The lowest fee Elk City lenders (with over 10 loans originated) are
INTERLINC MORTGAGE SERVICES, LLC ($4,847), .
The lowest rate Elk City lenders (with over 10 loans originated) are
INTERLINC MORTGAGE SERVICES, LLC (6.76%), .
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
INTERLINC MORTGAGE SERVICES, LLC | $11,785,000 | $8,325,000 | -29.4% | 20.2% |
Great Plains National Bank | $8,355,000 | $3,980,000 | -52.4% | 9.6% |
SUN WEST MORTGAGE COMPANY, INC. | $625,000 | $3,765,000 | 502.4% | 9.1% |
InterBank | $2,820,000 | $3,065,000 | 8.7% | 7.4% |
QUICKEN LOANS, LLC | $4,365,000 | $1,760,000 | -59.7% | 4.3% |
UNITED WHOLESALE MORTGAGE, LLC | $1,990,000 | $1,645,000 | -17.3% | 4.0% |
Mortgage Research Center, LLC | $1,755,000 | $1,610,000 | -8.3% | 3.9% |
Unify Home Lending Inc. | $1,280,000 | n/a | 3.1% | |
BMO Harris Bank | $1,205,000 | n/a | 2.9% | |
USAA Federal Savings Bank | $1,145,000 | n/a | 2.8% | |
BancFirst | $420,000 | $1,010,000 | 140.5% | 2.4% |
CROSSCOUNTRY MORTGAGE, LLC | $665,000 | $790,000 | 18.8% | 1.9% |
FINANCIAL CONCEPTS MORTGAGE, LLC | $610,000 | $780,000 | 27.9% | 1.9% |
GUARANTEED RATE, INC. | $460,000 | $720,000 | 56.5% | 1.7% |
Arvest Bank | $150,000 | $625,000 | 316.7% | 1.5% |
AMERISAVE MORTGAGE CORPORATION | $400,000 | $615,000 | 53.8% | 1.5% |
BROKER SOLUTIONS, INC. | $195,000 | $530,000 | 171.8% | 1.3% |
BOKF | $145,000 | $510,000 | 251.7% | 1.2% |
Truity Federal Credit Union | $465,000 | n/a | 1.1% | |
The Federal Savings Bank | $435,000 | n/a | 1.1% | |
NATIONWIDE MORTGAGE BANKERS, INC. | $425,000 | n/a | 1.0% | |
21ST MORTGAGE CORPORATION | $205,000 | $410,000 | 100.0% | 1.0% |
PENNYMAC LOAN SERVICES, LLC | $260,000 | $395,000 | 51.9% | 1.0% |
U.S. Bank | $555,000 | $395,000 | -28.8% | 1.0% |
NEWREZ LLC | $95,000 | $325,000 | 242.1% | 0.8% |
LOANDEPOT.COM, LLC | $915,000 | $315,000 | -65.6% | 0.8% |
NFM, INC. | $205,000 | $305,000 | 48.8% | 0.7% |
POLARIS HOME FUNDING CORP. | $295,000 | n/a | 0.7% | |
LOANPEOPLE, LLC | $275,000 | n/a | 0.7% | |
Equity Prime Mortgage LLC | $135,000 | $265,000 | 96.3% | 0.6% |
Gateway First Bank | $235,000 | n/a | 0.6% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $225,000 | n/a | 0.5% | |
AMERICAN FINANCING CORPORATION | $105,000 | $215,000 | 104.8% | 0.5% |
LIBERTY HOME MORTGAGE CORPORATION | $205,000 | n/a | 0.5% | |
AMERICAN FINANCIAL NETWORK, INC. | $195,000 | n/a | 0.5% | |
Carrington Mortgage Services, LLC | $330,000 | $195,000 | -40.9% | 0.5% |
Legacy Bank | $245,000 | $195,000 | -20.4% | 0.5% |
BETTER MORTGAGE CORPORATION | $185,000 | n/a | 0.4% | |
OKLAHOMA'S | $185,000 | n/a | 0.4% | |
LOANPAL, LLC | $55,000 | $165,000 | 200.0% | 0.4% |
PLAZA HOME MORTGAGE, INC. | $145,000 | n/a | 0.4% | |
GUILD MORTGAGE COMPANY | $135,000 | n/a | 0.3% | |
Signature Federal Credit Union | $135,000 | n/a | 0.3% | |
ASSOCIATED MORTGAGE CORPORATION | $125,000 | n/a | 0.3% | |
Mortgage Investment Services Corporation | $125,000 | n/a | 0.3% | |
CMG MORTGAGE, INC. | $115,000 | n/a | 0.3% | |
Wells Fargo Bank | $1,155,000 | $105,000 | -90.9% | 0.3% |
NAVY FEDERAL CREDIT UNION | $425,000 | $95,000 | -77.6% | 0.2% |
SOUTHWEST STAGE FUNDING, LLC | $95,000 | n/a | 0.2% | |
COUNTRYPLACE MORTGAGE, LTD. | $85,000 | n/a | 0.2% | |
FREEDOM MORTGAGE CORPORATION | $425,000 | $85,000 | -80.0% | 0.2% |
FNB Community Bank | $75,000 | n/a | 0.2% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $125,000 | $75,000 | -40.0% | 0.2% |
First National Bank and Trust Company | $65,000 | n/a | 0.2% | |
RUOFF MORTGAGE COMPANY, INC. | $65,000 | n/a | 0.2% | |
LIMA ONE CAPITAL, LLC | $45,000 | n/a | 0.1% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $35,000 | n/a | 0.1% | |
Southern Bank | $25,000 | n/a | 0.1% | |
Coastal Community Bank | $15,000 | n/a | 0.0% |
Elk City's top lender by overall market share is INTERLINC MORTGAGE SERVICES, LLC, with 20.2% market share. In second place, with 9.6%, is Great Plains National Bank, having originated $3,980,000 in loans. In third place, with 9.1%, is SUN WEST MORTGAGE COMPANY, INC., having originated $3,765,000 in loans. In fourth place, with 7.4%, is InterBank, having originated $3,065,000 in loans. In fifth place, with 4.3%, is QUICKEN LOANS, LLC, having originated $1,760,000 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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $127,000 (-8.8%) | $170,661 (11.7%) | 0.00 | 195 |
2018-02-01 | $127,500 (-6.6%) | $170,832 (16.0%) | 0.00 | 198 |
2018-03-01 | $125,000 (-7.3%) | $165,625 (12.0%) | 0.00 | 208 |
2018-04-01 | $129,900 (-3.8%) | $168,247 (10.0%) | 0.00 | 222 |
2018-05-01 | $129,925 (-6.0%) | $172,104 (7.4%) | 0.00 | 221 |
2018-06-01 | $139,000 (-0.4%) | $175,072 (9.6%) | 0.00 | 236 |
2018-07-01 | $134,850 (-4.6%) | $168,814 (5.8%) | 0.00 | 227 |
2018-08-01 | $134,825 (-0.1%) | $170,686 (9.2%) | 0.00 | 225 |
2018-09-01 | $134,500 (-0.4%) | $171,462 (8.7%) | 0.00 | 210 |
2018-10-01 | $145,000 (7.4%) | $179,034 (12.5%) | 0.00 | 212 |
2018-11-01 | $149,325 (10.9%) | $180,018 (12.6%) | 0.00 | 220 |
2018-12-01 | $147,000 (13.1%) | $179,938 (6.5%) | 0.00 | 220 |
2019-01-01 | $144,225 (13.6%) | $174,833 (2.5%) | 0.00 | 211 |
2019-02-01 | $142,225 (11.6%) | $177,557 (3.9%) | 0.00 | 204 |
2019-03-01 | $146,829 (17.5%) | $177,376 (7.1%) | 0.00 | 197 |
2019-04-01 | $149,950 (15.4%) | $185,313 (10.1%) | 0.00 | 194 |
2019-05-01 | $149,950 (15.4%) | $179,799 (4.5%) | 0.00 | 193 |
2019-06-01 | $149,900 (7.8%) | $175,737 (0.4%) | 0.00 | 202 |
2019-07-01 | $149,000 (10.5%) | $172,643 (2.3%) | 0.00 | 198 |
2019-08-01 | $147,818 (9.6%) | $172,920 (1.3%) | 0.00 | 199 |
2019-09-01 | $149,045 (10.8%) | $174,231 (1.6%) | 0.00 | 198 |
2019-10-01 | $149,950 (3.4%) | $175,105 (-2.2%) | 0.00 | 197 |
2019-11-01 | $149,900 (0.4%) | $172,430 (-4.2%) | 0.00 | 190 |
2019-12-01 | $149,925 (2.0%) | $169,177 (-6.0%) | 0.00 | 203 |
2020-01-01 | $148,750 (3.1%) | $167,965 (-3.9%) | 0.00 | 204 |
2020-02-01 | $146,250 (2.8%) | $163,586 (-7.9%) | 0.00 | 196 |
2020-03-01 | $145,625 (-0.8%) | $165,601 (-6.6%) | 0.00 | 193 |
2020-04-01 | $146,000 (-2.6%) | $170,233 (-8.1%) | 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 (-10.0%) | $166,940 (-4.7%) | 0.00 | 169 |
2020-11-01 | $134,750 (-10.1%) | $167,767 (-2.7%) | 0.00 | 158 |
2020-12-01 | $135,000 (-10.0%) | $170,141 (0.6%) | 0.00 | 158 |
2021-01-01 | $132,000 (-11.3%) | $189,664 (12.9%) | 0.00 | 155 |
2021-02-01 | $135,450 (-7.4%) | $232,015 (41.8%) | 0.00 | 151 |
2021-03-01 | $139,675 (-4.1%) | $231,873 (40.0%) | 0.00 | 150 |
2021-04-01 | $134,950 (-7.6%) | $235,444 (38.3%) | 0.00 | 153 |
2021-05-01 | $135,500 (-2.8%) | $256,839 (55.2%) | 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 | $158,000 (16.7%) | $206,205 (-11.1%) | 0.00 | 96 |
2022-03-01 | $144,475 (3.4%) | $199,365 (-14.0%) | 0.00 | 90 |
2022-04-01 | $118,400 (-12.3%) | $181,070 (-23.1%) | 0.00 | 84 |
2022-05-01 | $136,000 (0.4%) | $196,214 (-23.6%) | 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%) | $225,015 (-12.9%) | 0.00 | 94 |
2023-02-01 | $184,925 (17.0%) | $223,227 (8.3%) | 0.00 | 94 |
2023-03-01 | $185,500 (28.4%) | $230,443 (15.6%) | 0.00 | 92 |
2023-04-01 | $187,500 (58.4%) | $222,298 (22.8%) | 0.00 | 87 |
2023-05-01 | $172,000 (26.5%) | $218,183 (11.2%) | 0.00 | 89 |
2023-06-01 | $172,000 (35.5%) | $217,810 (11.3%) | 0.00 | 86 |
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 | $186,950 (20.7%) | $229,381 (2.6%) | 0.00 | 89 |
2023-10-01 | $185,250 (17.7%) | $226,590 (-4.0%) | 0.00 | 100 |
2023-11-01 | $178,000 (11.3%) | $217,023 (-8.6%) | 0.00 | 100 |
2023-12-01 | $179,000 (11.9%) | $231,782 (0.2%) | 0.00 | 95 |
2024-01-01 | $169,000 (7.4%) | $233,281 (3.7%) | 0.00 | 98 |
2024-02-01 | $162,000 (-12.4%) | $233,111 (4.4%) | 0.00 | 90 |
2024-03-01 | $177,400 (-4.4%) | $237,232 (3.0%) | 0.00 | 89 |
2024-04-01 | $183,650 (-2.1%) | $224,349 (0.9%) | 0.00 | 90 |
2024-05-01 | $194,950 (13.3%) | $231,105 (5.9%) | 0.00 | 90 |
2024-06-01 | $194,900 (13.3%) | $242,670 (11.4%) | 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 | $231,200 (23.7%) | $250,757 (9.3%) | 0.00 | 99 |
2024-10-01 | $237,475 (28.2%) | $260,631 (15.0%) | 0.00 | 96 |
2024-11-01 | $228,450 (28.3%) | $240,127 (10.7%) | 0.00 | 103 |
Elk City's median listing price comes in at 0% of the national average.
Elk City's average listing price for 2024-11-01 was $240,127, a difference of $23,104 (10.7%) versus the prior year and $-20,504 versus the prior month.
For the 2024-11-01 period, Elk City had 103 MLS listings, a difference of 7 listings (7%) versus the prior month and 3 listings (3%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Elk City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,634 sqft |
2018-02-01 | 0 days | 1,612 sqft |
2018-03-01 | 0 days | 1,522 sqft |
2018-04-01 | 0 days | 1,600 sqft |
2018-05-01 | 0 days | 1,570 sqft |
2018-06-01 | 0 days | 1,599 sqft |
2018-07-01 | 0 days | 1,600 sqft |
2018-08-01 | 0 days | 1,602 sqft |
2018-09-01 | 0 days | 1,687 sqft |
2018-10-01 | 0 days | 1,674 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 | 1,638 sqft |
2019-12-01 | 0 days | 1,618 sqft |
2020-01-01 | 0 days | 1,631 sqft |
2020-02-01 | 0 days | 1,620 sqft |
2020-03-01 | 0 days | 1,630 sqft |
2020-04-01 | 0 days | 1,631 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 | 1,595 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 | 1,580 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 | 1,766 sqft |
2023-03-01 | 0 days | 1,821 sqft |
2023-04-01 | 0 days | 1,766 sqft |
2023-05-01 | 0 days | 1,709 sqft |
2023-06-01 | 0 days | 1,702 sqft |
2023-07-01 | 0 days | 1,680 sqft |
2023-08-01 | 0 days | 1,798 sqft |
2023-09-01 | 0 days | 1,748 sqft |
2023-10-01 | 0 days | 1,706 sqft |
2023-11-01 | 0 days | 1,634 sqft |
2023-12-01 | 0 days | 1,600 sqft |
2024-01-01 | 0 days | 1,581 sqft |
2024-02-01 | 0 days | 1,578 sqft |
2024-03-01 | 0 days | 1,610 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 | 1,854 sqft |
2024-10-01 | 0 days | 1,866 sqft |
2024-11-01 | 0 days | 1,839 sqft |
Elk City's median square footage for active listings during the 2024-11-01 period was 1,839 sqft. One year prior, the average listing was 1,634 sqft.
Elk City, OK Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 189 | $34,025,000 | $180,026 |
Refi | 21 | $3,385,000 | $161,190 |
Cash Out Refi | 13 | $2,375,000 | $182,692 |
Other | 11 | $1,215,000 | $110,455 |
Home Improvement | 8 | $310,000 | $38,750 |
Elk City's most frequently cited loan purpose was Home Purchase, with 189 originations. The 2nd most popular reason was Refi, with 21 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 102 | $20,400,000 | $200,000 |
7-8% | 66 | $11,960,000 | $181,212 |
Over 8% | 52 | $5,730,000 | $110,192 |
5-6% | 13 | $2,645,000 | $203,462 |
<2.5% | 1 | $5,000 | $5,000 |
4-5% | 1 | $105,000 | $105,000 |
3-4% | 1 | $195,000 | $195,000 |
During 2023, Elk City's most frequently originated rate bucket was 6-7%, with 102 originations.
Loan Sizing (Elk City, OK MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 93 | $13,985,000 | $150,376 |
$100,000 or less | 78 | $4,840,000 | $62,051 |
$200k-400k | 59 | $15,855,000 | $268,729 |
$400k-600k | 8 | $3,490,000 | $436,250 |
$600k-1000k | 3 | $1,935,000 | $645,000 |
$Over $1MM | 1 | $1,205,000 | $1,205,000 |
Elk City's loan sizing saw the bucket of loans from $100k-200k with 93 originations, totaling $13,985,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 142 | $26,600,000 | $187,324 |
60-80% | 51 | $9,755,000 | $191,275 |
40-60% | 19 | $2,325,000 | $122,368 |
20-40% | 10 | $580,000 | $58,000 |
Over 100% | 7 | $1,525,000 | $217,857 |
Under 20% | 7 | $255,000 | $36,429 |
Elk City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 142 originations, totaling $26,600,000 in origination value.