Elk City Mortgage Rates & Closing Costs

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    • 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.