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 6.78% for the week of 2024-02-29, compared to the national average of 6.94% for the same period.

The average rate for the prior week (2024-02-22) was 6.74% and one month ago for the week of 2024-01-25, the average rate was 6.73%.

Elk City's average rate one year ago was 6.57%.

For refis of the same type during the week of 2024-02-29, the average rate was 7.14%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-29 6.94%
Elk City 30 Year Fixed Rate 2024-02-29 6.78%
Elk City 30 Year Fixed Rate Refi 2024-02-29 7.14%
Elk City 15 Year Fixed Rate 2024-02-29 6.06%
Elk City 15 Year Fixed Rate Refi 2024-02-29 6.76%
Elk City 30 Year FHA 2024-02-29 6.59%
Elk City 30 Year FHA Refi 2024-02-29 6.79%
Elk City 30 Year USDA 2024-02-29 6.53%
Elk City 30 Year USDA Refi 2024-02-29 6.73%
Elk City 30 Year VA 2024-02-29 6.62%
Elk City 30 Year VA Refi 2024-02-29 6.52%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
INTERLINC MORTGAGE SERVICES, LLC 30 5.26% $4,322
Great Plains National Bank 11 5.48% $4,744
QUICKEN LOANS, LLC 10 5.31% $5,992
InterBank 8 5.39% $2,331
Wells Fargo Bank 3 4.13% $5,335
BancFirst 3 5.63% $4,554
LOANDEPOT.COM, LLC 3 5.33% $4,310
MID AMERICA MORTGAGE, INC. 3 5.25% $4,925
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.31% $5,619
GUARANTEED RATE, INC. 2 6.43% $3,674
HOME POINT FINANCIAL CORPORATION 2 5.38% $3,633
CARDINAL FINANCIAL 2 5.75% $5,941
Discover Bank 1 7.74% $0
F & M Bank 1 5.49% $4,004
Bank of England 1 5.88% $5,129
Bank of America 1 4.88% $4,966
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 6.63% $10,484
U.S. Bank 1 3.63% $2,857
AMCAP MORTGAGE, LTD. 1 5.88% $7,574
OPEN MORTGAGE, LLC 1 5.99% $5,188
PENNYMAC LOAN SERVICES, LLC 1 6.13% $4,370
Prosperity Bank 1 4.00% $6,228
AMERICAN FINANCING CORPORATION 1 6.13% $4,398
SUN WEST MORTGAGE COMPANY, INC. 1 7.12% $2,717
UNIFY FINANCIAL Credit Union 1 4.58% $2,501
UNITED WHOLESALE MORTGAGE, LLC 1 5.38% $3,949
BOKF 1 3.88% $3,787
BROKER SOLUTIONS, INC. 1 5.63% $5,910
CERTAINTY HOME LOANS, LLC 1 5.63% $3,473
CHERRY CREEK MORTGAGE, LLC 1 2.75% $123
CROSSCOUNTRY MORTGAGE, LLC 1 6.00% $6,158

Elk City Average Closing Costs & Other Stats

Elk City, OK's 31 lenders originated 313 loans during 2022. The total origination value was $50,065,000, with an average loan value of $159,952.

Elk City's average closing costs are $4,458.

The top Elk City lender as defined by loan originations is INTERLINC MORTGAGE SERVICES, LLC, with 30 loans originated. Their average total fees are $4,322, which is $421 lower than the next largest lender, Great Plains National Bank.

The lowest fee Elk City lenders (with over 10 loans originated) are INTERLINC MORTGAGE SERVICES, LLC ($4,322), Great Plains National Bank ($4,744), QUICKEN LOANS, LLC ($5,992), .

The lowest rate Elk City lenders (with over 10 loans originated) are INTERLINC MORTGAGE SERVICES, LLC (5.26%), QUICKEN LOANS, LLC (5.31%), Great Plains National Bank (5.48%), .

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
INTERLINC MORTGAGE SERVICES, LLC $10,570,000 $11,785,000 11.5% 23.5%
Great Plains National Bank $6,000,000 $8,355,000 39.3% 16.7%
QUICKEN LOANS, LLC $6,235,000 $4,365,000 -30.0% 8.7%
InterBank $5,845,000 $2,820,000 -51.8% 5.6%
MID AMERICA MORTGAGE, INC. $10,345,000 $2,765,000 -73.3% 5.5%
UNITED WHOLESALE MORTGAGE, LLC $155,000 $1,990,000 1,183.9% 4.0%
Mortgage Research Center, LLC $1,170,000 $1,755,000 50.0% 3.5%
HOME POINT FINANCIAL CORPORATION $2,060,000 $1,475,000 -28.4% 2.9%
Wells Fargo Bank $875,000 $1,155,000 32.0% 2.3%
LOANDEPOT.COM, LLC $2,655,000 $915,000 -65.5% 1.8%
CROSSCOUNTRY MORTGAGE, LLC $665,000 n/a 1.3%
F & M Bank $685,000 $660,000 -3.6% 1.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $405,000 $630,000 55.6% 1.3%
SUN WEST MORTGAGE COMPANY, INC. $625,000 n/a 1.2%
FINANCIAL CONCEPTS MORTGAGE, LLC $610,000 n/a 1.2%
U.S. Bank $765,000 $555,000 -27.5% 1.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $510,000 n/a 1.0%
GUARANTEED RATE, INC. $430,000 $460,000 7.0% 0.9%
FREEDOM MORTGAGE CORPORATION $1,275,000 $425,000 -66.7% 0.8%
NAVY FEDERAL CREDIT UNION $75,000 $425,000 466.7% 0.8%
BancFirst $335,000 $420,000 25.4% 0.8%
Prosperity Bank $645,000 $415,000 -35.7% 0.8%
AMERISAVE MORTGAGE CORPORATION $1,025,000 $400,000 -61.0% 0.8%
NEW DAY FINANCIAL, LLC $335,000 $340,000 1.5% 0.7%
Carrington Mortgage Services, LLC $330,000 n/a 0.7%
CHERRY CREEK MORTGAGE, LLC $325,000 n/a 0.6%
UMB Bank $305,000 n/a 0.6%
LEGEND LENDING CORPORATION $290,000 n/a 0.6%
Barrington Bank & Trust Company, N.A. $260,000 $275,000 5.8% 0.5%
PENNYMAC LOAN SERVICES, LLC $550,000 $260,000 -52.7% 0.5%
Legacy Bank $50,000 $245,000 390.0% 0.5%
VANDERBILT MORTGAGE AND FINANCE, INC. $175,000 $215,000 22.9% 0.4%
21ST MORTGAGE CORPORATION $205,000 n/a 0.4%
NFM, INC. $205,000 n/a 0.4%
ANGEL OAK MORTGAGE SOLUTIONS LLC $195,000 n/a 0.4%
BROKER SOLUTIONS, INC. $1,155,000 $195,000 -83.1% 0.4%
CERTAINTY HOME LOANS, LLC $185,000 n/a 0.4%
AMCAP MORTGAGE, LTD. $155,000 n/a 0.3%
Arvest Bank $210,000 $150,000 -28.6% 0.3%
BOKF $340,000 $145,000 -57.4% 0.3%
Equity Prime Mortgage LLC $135,000 n/a 0.3%
JPMorgan Chase Bank $590,000 $125,000 -78.8% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $210,000 $125,000 -40.5% 0.2%
UNIFY FINANCIAL Credit Union $125,000 n/a 0.2%
CALIBER HOME LOANS, INC. $620,000 $115,000 -81.5% 0.2%
Discover Bank $115,000 n/a 0.2%
OPEN MORTGAGE, LLC $115,000 n/a 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $115,000 n/a 0.2%
AMERICAN FINANCING CORPORATION $175,000 $105,000 -40.0% 0.2%
Bank of England $105,000 n/a 0.2%
CORNERSTONE HOME LENDING, INC. $595,000 $105,000 -82.4% 0.2%
Bank of America $155,000 $95,000 -38.7% 0.2%
First United Bank and Trust Company $410,000 $95,000 -76.8% 0.2%
NEWREZ LLC $820,000 $95,000 -88.4% 0.2%
PHH Mortgage Corporation $95,000 n/a 0.2%
LENDINGHOME FUNDING CORPORATION $55,000 n/a 0.1%
LOANPAL, LLC $55,000 n/a 0.1%
All America Bank $170,000 $45,000 -73.5% 0.1%
Tinker Federal Credit Union $45,000 n/a 0.1%

Elk City's top lender by overall market share is INTERLINC MORTGAGE SERVICES, LLC, with 23.5% market share. In second place, with 16.7%, is Great Plains National Bank, having originated $8,355,000 in loans. In third place, with 8.7%, is QUICKEN LOANS, LLC, having originated $4,365,000 in loans. In fourth place, with 5.6%, is InterBank, having originated $2,820,000 in loans. In fifth place, with 5.5%, is MID AMERICA MORTGAGE, INC., having originated $2,765,000 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
Elk City's median listing price for 2024-01-01 was $169,000, a difference of $11,600 (7.4%) versus the prior year and $-10,000 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 2024-01-01 was $233,281, a difference of $8,266 (3.7%) versus the prior year and $1,499 versus the prior month.

For the 2024-01-01 period, Elk City had 98 MLS listings, a difference of 3 listings (3%) versus the prior month and 4 listings (4%) 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
Elk City's median listing age (time on market) for 2024-01-01 was 0 days.

Elk City's median square footage for active listings during the 2024-01-01 period was 1,581 sqft. One year prior, the average listing was 1,718 sqft.

Elk City, OK Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 230 $37,440,000 $162,783
Refi 37 $5,515,000 $149,054
Cash Out Refi 34 $6,120,000 $180,000
Home Improvement 6 $460,000 $76,667
Other 6 $530,000 $88,333

Elk City's most frequently cited loan purpose was Home Purchase, with 230 originations. The 2nd most popular reason was Refi, with 37 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 105 $17,635,000 $167,952
4-5% 66 $11,140,000 $168,788
6-7% 50 $7,380,000 $147,600
3-4% 43 $7,895,000 $183,605
7-8% 22 $2,450,000 $111,364
2.5-3% 12 $2,180,000 $181,667
Over 8% 8 $610,000 $76,250
<2.5% 3 $485,000 $161,667

During 2022, Elk City's most frequently originated rate bucket was 5-6%, with 105 originations.

Loan Sizing (Elk City, OK MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 145 $20,735,000 $143,000
$100,000 or less 83 $5,245,000 $63,193
$200k-400k 74 $18,860,000 $254,865
$400k-600k 10 $4,380,000 $438,000
$600k-1000k 1 $845,000 $845,000

Elk City's loan sizing saw the bucket of loans from $100k-200k with 145 originations, totaling $20,735,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 187 $33,225,000 $177,674
60-80% 71 $10,295,000 $145,000
40-60% 29 $4,405,000 $151,897
20-40% 12 $680,000 $56,667
Over 100% 4 $730,000 $182,500
Under 20% 4 $230,000 $57,500

Elk City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 187 originations, totaling $33,225,000 in origination value.