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 6.5% 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%
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 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. Louis
Date 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 for 2024-11-01 was $228,450, a difference of $50,450 (28.3%) versus the prior year and $-9,025 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 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. Louis
Date 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 listing age (time on market) for 2024-11-01 was 0 days.

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.