Enterprise Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Enterprise averaged
7.09%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.22% and
one month ago for the week of 2023-02-09, the
average rate was 6.61%.
Enterprise's average rate one year ago was 4.14%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.87%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Enterprise 30 Year Fixed Rate | 2023-03-16 | 7.09% |
Enterprise 30 Year Fixed Rate Refi | 2023-03-16 | 6.87% |
Enterprise 15 Year Fixed Rate | 2023-03-16 | 6.9% |
Enterprise 15 Year Fixed Rate Refi | 2023-03-16 | 6.17% |
Enterprise 30 Year FHA | 2023-03-16 | 6.58% |
Enterprise 30 Year FHA Refi | 2023-03-16 | 6.53% |
Enterprise 30 Year USDA | 2023-03-16 | 6.6% |
Enterprise 30 Year USDA Refi | 2023-03-16 | 6.31% |
Enterprise 30 Year VA | 2023-03-16 | 6.09% |
Enterprise 30 Year VA Refi | 2023-03-16 | 6.24% |
Enterprise 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 Enterprise, AL 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.).
Enterprise Average Closing Costs & Other Stats
Enterprise, AL's 90 lenders originated 2,433
loans during 2021. The total origination value was $481,275,000, with an average loan value of
$197,811.
Enterprise's average closing costs are $4,091.
The top Enterprise lender as defined by loan originations is Mortgage Research Center, LLC, with
51 loans originated. Their average total fees are
$2,198, which is $2,346
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Enterprise lenders (with over 10 loans originated) are
INTERLINC MORTGAGE SERVICES, LLC ($1,961), Mortgage Research Center, LLC ($2,198), NAVY FEDERAL CREDIT UNION ($2,402), Nations Lending Corporation ($2,691) and Renasant Bank ($3,017).
The lowest rate Enterprise lenders (with over 10 loans originated) are
Renasant Bank (3.04%), Mortgage Research Center, LLC (3.04%), Nations Lending Corporation (3.05%), LOANDEPOT.COM, LLC (3.06%) and QUICKEN LOANS, LLC (3.09%).
Enterprise, AL 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
Mortgage Research Center, LLC | $76,540,000 | $95,430,000 | 24.7% | 19.8% |
QUICKEN LOANS, LLC | $33,135,000 | $32,890,000 | -0.7% | 6.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $20,415,000 | $27,235,000 | 33.4% | 5.7% |
FREEDOM MORTGAGE CORPORATION | $33,300,000 | $25,140,000 | -24.5% | 5.2% |
ENVOY MORTGAGE, LTD | $40,390,000 | $23,075,000 | -42.9% | 4.8% |
Renasant Bank | $22,090,000 | $20,725,000 | -6.2% | 4.3% |
PENNYMAC LOAN SERVICES, LLC | $7,120,000 | $15,145,000 | 112.7% | 3.1% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $320,000 | $12,340,000 | 3,756.3% | 2.6% |
USAA Federal Savings Bank | $10,470,000 | $11,230,000 | 7.3% | 2.3% |
LAKEVIEW LOAN SERVICING, LLC | $11,740,000 | $11,205,000 | -4.6% | 2.3% |
NAVY FEDERAL CREDIT UNION | $10,525,000 | $11,025,000 | 4.8% | 2.3% |
Nations Lending Corporation | $13,530,000 | $10,625,000 | -21.5% | 2.2% |
INTERLINC MORTGAGE SERVICES, LLC | $2,160,000 | $8,840,000 | 309.3% | 1.8% |
River Bank & Trust | $4,200,000 | $8,555,000 | 103.7% | 1.8% |
LOANDEPOT.COM, LLC | $4,145,000 | $7,855,000 | 89.5% | 1.6% |
Wells Fargo Bank | $6,050,000 | $6,835,000 | 13.0% | 1.4% |
BankPlus | $3,830,000 | $6,220,000 | 62.4% | 1.3% |
GUILD MORTGAGE COMPANY | $3,425,000 | $5,975,000 | 74.5% | 1.2% |
FirstBank | $4,635,000 | $5,320,000 | 14.8% | 1.1% |
UNITED WHOLESALE MORTGAGE, LLC | $2,775,000 | $5,275,000 | 90.1% | 1.1% |
Hometown Lenders, Inc. | $4,445,000 | $5,250,000 | 18.1% | 1.1% |
ALL IN | $4,250,000 | $5,245,000 | 23.4% | 1.1% |
NEW DAY FINANCIAL, LLC | $5,575,000 | $5,110,000 | -8.3% | 1.1% |
VILLAGE CAPITAL & INVESTMENT LLC | $6,135,000 | $4,950,000 | -19.3% | 1.0% |
Mr. Cooper ( Nationstar Mortgage ) | $6,330,000 | $4,700,000 | -25.8% | 1.0% |
AMERISAVE MORTGAGE CORPORATION | $2,230,000 | $3,850,000 | 72.6% | 0.8% |
PENTAGON FEDERAL CREDIT UNION | $2,810,000 | $3,475,000 | 23.7% | 0.7% |
CALIBER HOME LOANS, INC. | $765,000 | $3,375,000 | 341.2% | 0.7% |
Regions Bank | $6,075,000 | $3,185,000 | -47.6% | 0.7% |
Synovus Bank | $2,880,000 | $3,185,000 | 10.6% | 0.7% |
Waterstone Mortgage Corporation | $3,570,000 | $3,155,000 | -11.6% | 0.7% |
Troy Bank and Trust Company | $6,460,000 | $2,980,000 | -53.9% | 0.6% |
GUARANTEED RATE, INC. | $5,175,000 | $2,450,000 | -52.7% | 0.5% |
21ST MORTGAGE CORPORATION | $1,770,000 | $2,440,000 | 37.9% | 0.5% |
HOME POINT FINANCIAL CORPORATION | $1,640,000 | $2,370,000 | 44.5% | 0.5% |
NEWREZ LLC | $2,015,000 | $2,360,000 | 17.1% | 0.5% |
Carrington Mortgage Services, LLC | $1,185,000 | $2,270,000 | 91.6% | 0.5% |
CLEARPATH LENDING | $3,650,000 | $2,105,000 | -42.3% | 0.4% |
CRESCENT MORTGAGE COMPANY | $1,190,000 | $1,770,000 | 48.7% | 0.4% |
Barrington Bank & Trust Company, N.A. | $1,035,000 | $1,670,000 | 61.4% | 0.3% |
First Guaranty Mortgage Corporation | $1,600,000 | n/a | 0.3% | |
Ameris Bank | $445,000 | $1,590,000 | 257.3% | 0.3% |
BETTER MORTGAGE CORPORATION | $1,010,000 | $1,535,000 | 52.0% | 0.3% |
Paramount Bank | $215,000 | $1,520,000 | 607.0% | 0.3% |
BROKER SOLUTIONS, INC. | $1,180,000 | $1,460,000 | 23.7% | 0.3% |
CROSSCOUNTRY MORTGAGE, LLC | $2,015,000 | $1,450,000 | -28.0% | 0.3% |
Consumer First Mortgage, Inc. | $1,845,000 | $1,415,000 | -23.3% | 0.3% |
Five Star Credit Union | $165,000 | $1,410,000 | 754.5% | 0.3% |
Truist Bank | $830,000 | $1,380,000 | 66.3% | 0.3% |
U.S. Bank | $165,000 | $1,305,000 | 690.9% | 0.3% |
ACCELERATE MORTGAGE, LLC | $185,000 | $1,295,000 | 600.0% | 0.3% |
GMFS LLC | $2,110,000 | $1,245,000 | -41.0% | 0.3% |
MID AMERICA MORTGAGE, INC. | $505,000 | $1,080,000 | 113.9% | 0.2% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,075,000 | n/a | 0.2% | |
CHURCHILL MORTGAGE CORPORATION | $485,000 | $1,045,000 | 115.5% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $1,760,000 | $1,035,000 | -41.2% | 0.2% |
PLANET HOME LENDING, LLC | $1,005,000 | $1,025,000 | 2.0% | 0.2% |
KELLER MORTGAGE, LLC | $85,000 | $1,000,000 | 1,076.5% | 0.2% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $175,000 | $975,000 | 457.1% | 0.2% |
Tyndall Federal Credit Union | $3,185,000 | $940,000 | -70.5% | 0.2% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $410,000 | $935,000 | 128.0% | 0.2% |
Mid-Continent Funding, Inc. | $300,000 | $925,000 | 208.3% | 0.2% |
CMG MORTGAGE, INC. | $145,000 | $915,000 | 531.0% | 0.2% |
Meridian Bank Corporation | $860,000 | n/a | 0.2% | |
HOMESTAR FINANCIAL CORPORATION | $265,000 | $815,000 | 207.5% | 0.2% |
Hamilton Mortgage Corporation | $1,040,000 | $775,000 | -25.5% | 0.2% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $455,000 | $745,000 | 63.7% | 0.2% |
The Federal Savings Bank | $2,955,000 | $740,000 | -75.0% | 0.2% |
BancorpSouth Bank | $730,000 | n/a | 0.2% | |
BNC National Bank | $165,000 | $720,000 | 336.4% | 0.1% |
APCO EMPLOYEES | $300,000 | $710,000 | 136.7% | 0.1% |
NBKC BANK | $855,000 | $705,000 | -17.5% | 0.1% |
AMERICAN FINANCING CORPORATION | $585,000 | $675,000 | 15.4% | 0.1% |
TJC Mortgage, Inc. | $315,000 | $655,000 | 107.9% | 0.1% |
AMERICAN FINANCIAL NETWORK, INC. | $630,000 | $645,000 | 2.4% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $85,000 | $615,000 | 623.5% | 0.1% |
KS StateBank | $235,000 | $600,000 | 155.3% | 0.1% |
Wyndham Capital Mortgage, Inc. | $255,000 | $590,000 | 131.4% | 0.1% |
AmeriHome Mortgage Company, LLC | $1,300,000 | $580,000 | -55.4% | 0.1% |
HOMESIDE FINANCIAL, LLC | $165,000 | $575,000 | 248.5% | 0.1% |
PeoplesSouth Bank | $645,000 | $565,000 | -12.4% | 0.1% |
ALLIED MORTGAGE GROUP, INC. | $560,000 | n/a | 0.1% | |
The First National Bank of Hartford | $940,000 | $550,000 | -41.5% | 0.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $530,000 | n/a | 0.1% | |
First Federal Bank | $725,000 | $510,000 | -29.7% | 0.1% |
CELEBRITY HOME LOANS, LLC | $490,000 | n/a | 0.1% | |
Low VA Rates, LLC | $1,380,000 | $490,000 | -64.5% | 0.1% |
Capital City Home Loans, LLC | $935,000 | $480,000 | -48.7% | 0.1% |
MOVEMENT MORTGAGE, LLC | $65,000 | $480,000 | 638.5% | 0.1% |
Gateway First Bank | $470,000 | n/a | 0.1% | |
JPMorgan Chase Bank | $1,115,000 | $470,000 | -57.8% | 0.1% |
InterContinental Capital Group, Inc | $1,345,000 | $450,000 | -66.5% | 0.1% |
Northpointe Bank | $415,000 | n/a | 0.1% | |
Bank of England | $715,000 | $410,000 | -42.7% | 0.1% |
CCB Community Bank | $395,000 | n/a | 0.1% | |
Evolve Bank & Trust | $395,000 | n/a | 0.1% | |
THE MORTGAGE FIRM, INC. | $395,000 | n/a | 0.1% | |
NBH Bank | $680,000 | $390,000 | -42.6% | 0.1% |
SOVEREIGN LENDING GROUP INCORPORATED | $125,000 | $385,000 | 208.0% | 0.1% |
AVADIAN | $2,250,000 | $380,000 | -83.1% | 0.1% |
SUN WEST MORTGAGE COMPANY, INC. | $1,090,000 | $370,000 | -66.1% | 0.1% |
The Samson Banking Company, Inc. | $710,000 | $370,000 | -47.9% | 0.1% |
MAX Credit Union | $470,000 | $350,000 | -25.5% | 0.1% |
NP, Inc. | $810,000 | $350,000 | -56.8% | 0.1% |
BBVA USA | $280,000 | $345,000 | 23.2% | 0.1% |
NexBank | $345,000 | n/a | 0.1% | |
Flagstar Bank, FSB | $940,000 | $340,000 | -63.8% | 0.1% |
Capital Bank | $335,000 | n/a | 0.1% | |
Independent Bank | $335,000 | n/a | 0.1% | |
Trustmark National Bank | $305,000 | $335,000 | 9.8% | 0.1% |
Bank of America | $1,565,000 | $330,000 | -78.9% | 0.1% |
SOUTHPOINT FINANCIAL SERVICES, INC. | $195,000 | $325,000 | 66.7% | 0.1% |
Ally Bank | $320,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $440,000 | $310,000 | -29.5% | 0.1% |
CHERRY CREEK MORTGAGE, LLC | $305,000 | n/a | 0.1% | |
North American Savings Bank, F.S.B. | $585,000 | $295,000 | -49.6% | 0.1% |
RELIANCE FIRST CAPITAL, LLC | $475,000 | $290,000 | -38.9% | 0.1% |
ServisFirst Bank | $325,000 | $270,000 | -16.9% | 0.1% |
Assurance Financial Group, L.L.C. | $265,000 | n/a | 0.1% | |
REDSTONE Federal Credit Union | $265,000 | n/a | 0.1% | |
BAY EQUITY LLC | $235,000 | $255,000 | 8.5% | 0.1% |
Community First National Bank | $255,000 | n/a | 0.1% | |
UNION HOME MORTGAGE CORP. | $255,000 | n/a | 0.1% | |
Guardian Credit Union | $395,000 | $250,000 | -36.7% | 0.1% |
EMM LOANS LLC | $1,270,000 | $245,000 | -80.7% | 0.1% |
MILEND, INC. | $245,000 | n/a | 0.1% | |
LEADERONE FINANCIAL CORPORATION | $240,000 | n/a | 0.0% | |
DAS Acquisition Company, LLC | $145,000 | $235,000 | 62.1% | 0.0% |
HUNT MORTGAGE CORPORATION | $235,000 | n/a | 0.0% | |
Willamette Valley Bank | $225,000 | n/a | 0.0% | |
ZILLOW HOME LOANS, LLC | $225,000 | n/a | 0.0% | |
Figure Lending LLC | $155,000 | $220,000 | 41.9% | 0.0% |
CityWorth Mortgage LLC | $215,000 | n/a | 0.0% | |
LENDUS, LLC | $215,000 | n/a | 0.0% | |
First Horizon Bank | $195,000 | $210,000 | 7.7% | 0.0% |
TIAA, FSB | $205,000 | n/a | 0.0% | |
LIBERTY HOME MORTGAGE CORPORATION | $115,000 | $200,000 | 73.9% | 0.0% |
FINANCE OF AMERICA REVERSE LLC | $195,000 | n/a | 0.0% | |
Landmark National Bank | $195,000 | n/a | 0.0% | |
METROPLEX MORTGAGE SERVICES, INC. | $195,000 | n/a | 0.0% | |
TEXAS TECH | $195,000 | n/a | 0.0% | |
Victorian Finance, LLC | $195,000 | n/a | 0.0% | |
HOMESPIRE MORTGAGE CORPORATION | $185,000 | n/a | 0.0% | |
CANOPY MORTGAGE, LLC | $175,000 | n/a | 0.0% | |
UNIVERSITY LENDING GROUP, LLC | $175,000 | n/a | 0.0% | |
FINANCE OF AMERICA COMMERCIAL LLC | $95,000 | $170,000 | 78.9% | 0.0% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $350,000 | $165,000 | -52.9% | 0.0% |
INTERCAP LENDING INC. | $135,000 | $165,000 | 22.2% | 0.0% |
Magnolia Bank | $965,000 | $165,000 | -82.9% | 0.0% |
Listerhill Credit Union | $160,000 | n/a | 0.0% | |
Ixonia Bank | $155,000 | n/a | 0.0% | |
JAMES B. NUTTER & COMPANY | $155,000 | n/a | 0.0% | |
Academy Bank | $145,000 | n/a | 0.0% | |
PHH Mortgage Corporation | $105,000 | $145,000 | 38.1% | 0.0% |
Service Federal Credit Union | $145,000 | n/a | 0.0% | |
EASTMAN | $125,000 | n/a | 0.0% | |
Goldwater Bank, N.A. | $125,000 | n/a | 0.0% | |
SouthPoint Bank | $125,000 | n/a | 0.0% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $315,000 | $120,000 | -61.9% | 0.0% |
Colten Mortgage, LLC | $115,000 | n/a | 0.0% | |
EMBRACE HOME LOANS, INC. | $115,000 | n/a | 0.0% | |
AMERICAN FINANCIAL RESOURCES, INC. | $105,000 | n/a | 0.0% | |
FIRST COMMUNITY MORTGAGE, INC. | $245,000 | $105,000 | -57.1% | 0.0% |
GUIDANCE RESIDENTIAL, LLC | $105,000 | n/a | 0.0% | |
AMERIFIRST FINANCIAL CORPORATION | $95,000 | n/a | 0.0% | |
Metro City Bank | $95,000 | n/a | 0.0% | |
South State Bank | $235,000 | $95,000 | -59.6% | 0.0% |
STAR ONE CREDIT UNION | $95,000 | n/a | 0.0% | |
Discover Bank | $55,000 | $85,000 | 54.5% | 0.0% |
FIDELITY BANK | $85,000 | n/a | 0.0% | |
AMERICAN ADVISORS GROUP | $75,000 | n/a | 0.0% | |
Christensen Financial, Inc. | $75,000 | n/a | 0.0% | |
GSF Mortgage Corporation | $75,000 | n/a | 0.0% | |
CSL Financial, LLC | $45,000 | n/a | 0.0% | |
1st Franklin Financial Corporation | $85,000 | $15,000 | -82.4% | 0.0% |
First Citizens Bank | $135,000 | $5,000 | -96.3% | 0.0% |
Enterprise's top lender by overall market share is Mortgage Research Center, LLC, with 19.8% market share. In second place, with 6.8%, is QUICKEN LOANS, LLC, having originated $32,890,000 in loans. In third place, with 5.7%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $27,235,000 in loans. In fourth place, with 5.2%, is FREEDOM MORTGAGE CORPORATION, having originated $25,140,000 in loans. In fifth place, with 4.8%, is ENVOY MORTGAGE, LTD, having originated $23,075,000 in loans.
Enterprise Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Enterprise (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 | $169,400 (8.7%) | $185,348 (0.3%) | 0.00 | 355 |
2018-02-01 | $167,150 (3.4%) | $184,757 (-0.4%) | 0.00 | 366 |
2018-03-01 | $173,375 (7.9%) | $190,528 (3.9%) | 0.00 | 383 |
2018-04-01 | $171,250 (4.5%) | $188,386 (0.2%) | 0.00 | 404 |
2018-05-01 | $170,800 (0.5%) | $196,370 (2.0%) | 0.00 | 475 |
2018-06-01 | $169,000 (-0.9%) | $192,333 (1.3%) | 0.00 | 413 |
2018-07-01 | $169,650 (-3.1%) | $193,532 (1.6%) | 0.00 | 408 |
2018-08-01 | $175,000 (1.8%) | $193,610 (2.6%) | 0.00 | 409 |
2018-09-01 | $179,900 (6.0%) | $198,442 (6.5%) | 0.00 | 390 |
2018-10-01 | $178,625 (6.1%) | $200,554 (8.1%) | 0.00 | 371 |
2018-11-01 | $179,475 (5.9%) | $202,556 (8.5%) | 0.00 | 360 |
2018-12-01 | $178,500 (6.2%) | $200,909 (9.0%) | 0.00 | 363 |
2019-01-01 | $178,950 (5.6%) | $200,474 (8.2%) | 0.00 | 345 |
2019-02-01 | $177,375 (6.1%) | $200,065 (8.3%) | 0.00 | 347 |
2019-03-01 | $177,143 (2.2%) | $203,815 (7.0%) | 0.00 | 337 |
2019-04-01 | $176,480 (3.1%) | $211,442 (12.2%) | 0.00 | 333 |
2019-05-01 | $178,500 (4.5%) | $213,451 (8.7%) | 0.00 | 326 |
2019-06-01 | $174,950 (3.5%) | $214,771 (11.7%) | 0.00 | 314 |
2019-07-01 | $178,900 (5.5%) | $216,926 (12.1%) | 0.00 | 314 |
2019-08-01 | $180,382 (3.1%) | $216,831 (12.0%) | 0.00 | 289 |
2019-09-01 | $181,855 (1.1%) | $216,798 (9.3%) | 0.00 | 269 |
2019-10-01 | $182,836 (2.4%) | $217,746 (8.6%) | 0.00 | 255 |
2019-11-01 | $178,500 (-0.5%) | $212,109 (4.7%) | 0.00 | 251 |
2019-12-01 | $178,250 (-0.1%) | $212,253 (5.7%) | 0.00 | 238 |
2020-01-01 | $179,575 (0.4%) | $212,497 (6.0%) | 0.00 | 220 |
2020-02-01 | $173,725 (-2.1%) | $204,832 (2.4%) | 0.00 | 222 |
2020-03-01 | $169,900 (-4.1%) | $207,619 (1.9%) | 0.00 | 218 |
2020-04-01 | $179,000 (1.4%) | $213,254 (0.9%) | 0.00 | 207 |
2020-05-01 | $187,500 (5.0%) | $222,647 (4.3%) | 0.00 | 197 |
2020-06-01 | $203,750 (16.5%) | $236,169 (10.0%) | 0.00 | 172 |
2020-07-01 | $198,250 (10.8%) | $237,274 (9.4%) | 0.00 | 151 |
2020-08-01 | $199,975 (10.9%) | $250,653 (15.6%) | 0.00 | 142 |
2020-09-01 | $214,725 (18.1%) | $265,396 (22.4%) | 0.00 | 119 |
2020-10-01 | $213,250 (16.6%) | $231,582 (6.4%) | 0.00 | 136 |
2020-11-01 | $196,225 (9.9%) | $220,730 (4.1%) | 0.00 | 150 |
2020-12-01 | $207,375 (16.3%) | $230,011 (8.4%) | 0.00 | 151 |
2021-01-01 | $206,500 (15.0%) | $226,841 (6.8%) | 0.00 | 137 |
2021-02-01 | $195,825 (12.7%) | $224,562 (9.6%) | 0.00 | 125 |
2021-03-01 | $192,475 (13.3%) | $238,467 (14.9%) | 0.00 | 103 |
2021-04-01 | $181,000 (1.1%) | $231,377 (8.5%) | 0.00 | 95 |
2021-05-01 | $199,750 (6.5%) | $250,639 (12.6%) | 0.00 | 87 |
2021-06-01 | $223,625 (9.8%) | $257,537 (9.1%) | 0.00 | 97 |
2021-07-01 | $215,000 (8.5%) | $256,173 (8.0%) | 0.00 | 109 |
2021-08-01 | $202,450 (1.2%) | $250,047 (-0.2%) | 0.00 | 114 |
2021-09-01 | $195,920 (-8.8%) | $243,240 (-8.4%) | 0.00 | 104 |
2021-10-01 | $195,000 (-8.6%) | $227,229 (-1.9%) | 0.00 | 109 |
2021-11-01 | $193,724 (-1.3%) | $225,961 (2.4%) | 0.00 | 98 |
2021-12-01 | $193,724 (-6.6%) | $228,539 (-0.6%) | 0.00 | 87 |
2022-01-01 | $195,000 (-5.6%) | $221,393 (-2.4%) | 0.00 | 77 |
2022-02-01 | $199,000 (1.6%) | $239,647 (6.7%) | 0.00 | 63 |
2022-03-01 | $190,500 (-1.0%) | $231,104 (-3.1%) | 0.00 | 60 |
2022-04-01 | $218,750 (20.9%) | $254,411 (10.0%) | 0.00 | 56 |
2022-05-01 | $246,825 (23.6%) | $280,397 (11.9%) | 0.00 | 64 |
2022-06-01 | $292,200 (30.7%) | $307,400 (19.4%) | 0.00 | 82 |
2022-07-01 | $325,450 (51.4%) | $325,855 (27.2%) | 0.00 | 92 |
2022-08-01 | $333,625 (64.8%) | $319,823 (27.9%) | 0.00 | 95 |
2022-09-01 | $342,000 (74.6%) | $321,247 (32.1%) | 0.00 | 101 |
2022-10-01 | $349,000 (79.0%) | $327,138 (44.0%) | 0.00 | 107 |
2022-11-01 | $337,500 (74.2%) | $327,347 (44.9%) | 0.00 | 110 |
2022-12-01 | $339,000 (75.0%) | $336,431 (47.2%) | 0.00 | 111 |
2023-01-01 | $346,750 (77.8%) | $327,827 (48.1%) | 0.00 | 99 |
2023-02-01 | $347,000 (74.4%) | $324,126 (35.3%) | 0.00 | 93 |
Enterprise's median listing price comes in at 0% of the national average.
Enterprise's average listing price for 2023-02-01 was $324,126, a difference of $84,479 (35.3%) versus the prior year and $-3,701 versus the prior month.
For the 2023-02-01 period, Enterprise had 93 MLS listings, a difference of -6 listings (-6%) versus the prior month and 30 listings (48%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Enterprise (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,987 sqft |
2018-02-01 | 0 days | 1,938 sqft |
2018-03-01 | 0 days | 1,947 sqft |
2018-04-01 | 0 days | 1,959 sqft |
2018-05-01 | 0 days | 1,961 sqft |
2018-06-01 | 0 days | 1,957 sqft |
2018-07-01 | 0 days | 1,973 sqft |
2018-08-01 | 0 days | 2,013 sqft |
2018-09-01 | 0 days | 1,994 sqft |
2018-10-01 | 0 days | 2,002 sqft |
2018-11-01 | 0 days | 2,015 sqft |
2018-12-01 | 0 days | 1,973 sqft |
2019-01-01 | 0 days | 1,961 sqft |
2019-02-01 | 0 days | 1,925 sqft |
2019-03-01 | 0 days | 1,935 sqft |
2019-04-01 | 0 days | 1,963 sqft |
2019-05-01 | 0 days | 1,960 sqft |
2019-06-01 | 0 days | 1,944 sqft |
2019-07-01 | 0 days | 2,017 sqft |
2019-08-01 | 0 days | 2,009 sqft |
2019-09-01 | 0 days | 1,997 sqft |
2019-10-01 | 0 days | 1,995 sqft |
2019-11-01 | 0 days | 1,984 sqft |
2019-12-01 | 0 days | 1,974 sqft |
2020-01-01 | 0 days | 1,927 sqft |
2020-02-01 | 0 days | 1,885 sqft |
2020-03-01 | 0 days | 1,986 sqft |
2020-04-01 | 0 days | 2,042 sqft |
2020-05-01 | 0 days | 2,081 sqft |
2020-06-01 | 0 days | 2,136 sqft |
2020-07-01 | 0 days | 2,094 sqft |
2020-08-01 | 0 days | 2,131 sqft |
2020-09-01 | 0 days | 2,092 sqft |
2020-10-01 | 0 days | 2,020 sqft |
2020-11-01 | 0 days | 2,035 sqft |
2020-12-01 | 0 days | 2,052 sqft |
2021-01-01 | 0 days | 1,994 sqft |
2021-02-01 | 0 days | 1,978 sqft |
2021-03-01 | 0 days | 2,001 sqft |
2021-04-01 | 0 days | 1,952 sqft |
2021-05-01 | 0 days | 1,928 sqft |
2021-06-01 | 0 days | 1,991 sqft |
2021-07-01 | 0 days | 2,006 sqft |
2021-08-01 | 0 days | 2,038 sqft |
2021-09-01 | 0 days | 1,979 sqft |
2021-10-01 | 0 days | 2,000 sqft |
2021-11-01 | 0 days | 1,997 sqft |
2021-12-01 | 0 days | 1,918 sqft |
2022-01-01 | 0 days | 1,920 sqft |
2022-02-01 | 0 days | 1,932 sqft |
2022-03-01 | 0 days | 1,751 sqft |
2022-04-01 | 0 days | 1,922 sqft |
2022-05-01 | 0 days | 2,023 sqft |
2022-06-01 | 0 days | 2,218 sqft |
2022-07-01 | 0 days | 2,256 sqft |
2022-08-01 | 0 days | 2,255 sqft |
2022-09-01 | 0 days | 2,226 sqft |
2022-10-01 | 0 days | 2,306 sqft |
2022-11-01 | 0 days | 2,272 sqft |
2022-12-01 | 0 days | 2,240 sqft |
2023-01-01 | 0 days | 2,240 sqft |
2023-02-01 | 0 days | 2,221 sqft |
Enterprise's median square footage for active listings during the 2023-02-01 period was 2,221 sqft. One year prior, the average listing was 1,932 sqft.
Enterprise, AL Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 1,259 | $259,765,000 | $206,326 |
Refi | 874 | $169,060,000 | $193,432 |
Cash Out Refi | 252 | $49,090,000 | $194,802 |
Home Improvement | 25 | $1,585,000 | $63,400 |
Other | 23 | $1,775,000 | $77,174 |
Enterprise's most frequently cited loan purpose was Home Purchase, with 1,259 originations. The 2nd most popular reason was Refi, with 874 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 918 | $195,570,000 | $213,039 |
3-4% | 669 | $118,705,000 | $177,436 |
<2.5% | 631 | $144,495,000 | $228,994 |
4-5% | 95 | $11,765,000 | $123,842 |
6-7% | 33 | $2,795,000 | $84,697 |
5-6% | 31 | $3,485,000 | $112,419 |
Over 8% | 27 | $1,745,000 | $64,630 |
7-8% | 15 | $1,395,000 | $93,000 |
During 2021, Enterprise's most frequently originated rate bucket was 2.5-3%, with 918 originations.
Loan Sizing (Enterprise, AL MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 1,018 | $153,590,000 | $150,874 |
$200k-400k | 924 | $252,610,000 | $273,387 |
$100,000 or less | 395 | $28,495,000 | $72,139 |
$400k-600k | 86 | $39,580,000 | $460,233 |
$600k-1000k | 9 | $5,975,000 | $663,889 |
$Over $1MM | 1 | $1,025,000 | $1,025,000 |
Enterprise's loan sizing saw the bucket of loans from $100k-200k with 1,018 originations, totaling $153,590,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 1,339 | $281,605,000 | $210,310 |
60-80% | 507 | $85,755,000 | $169,142 |
Over 100% | 145 | $41,845,000 | $288,586 |
40-60% | 112 | $15,520,000 | $138,571 |
20-40% | 44 | $3,720,000 | $84,545 |
Under 20% | 24 | $710,000 | $29,583 |
Enterprise's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,339 originations, totaling $281,605,000 in origination value.