Enterprise Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Enterprise averaged
7.23%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
7.17% and
one month ago for the week of 2023-08-10, the
average rate was 6.71%.
Enterprise's average rate one year ago was 5.84%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.08%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
Enterprise 30 Year Fixed Rate | 2023-09-14 | 7.23% |
Enterprise 30 Year Fixed Rate Refi | 2023-09-14 | 7.08% |
Enterprise 15 Year Fixed Rate | 2023-09-14 | 6.71% |
Enterprise 15 Year Fixed Rate Refi | 2023-09-14 | 6.51% |
Enterprise 30 Year FHA | 2023-09-14 | 6.58% |
Enterprise 30 Year FHA Refi | 2023-09-14 | 7.19% |
Enterprise 30 Year USDA | 2023-09-14 | 7.08% |
Enterprise 30 Year USDA Refi | 2023-09-14 | 6.88% |
Enterprise 30 Year VA | 2023-09-14 | 6.17% |
Enterprise 30 Year VA Refi | 2023-09-14 | 6.81% |
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 77 lenders originated 1,679
loans during 2022. The total origination value was $339,375,000, with an average loan value of
$202,129.
Enterprise's average closing costs are $4,498.
The top Enterprise lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
31 loans originated. Their average total fees are
$4,508, which is $209
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Enterprise lenders (with over 10 loans originated) are
River Bank & Trust ($1,773), Mortgage Research Center, LLC ($2,788), Wells Fargo Bank ($2,811), GUILD MORTGAGE COMPANY ($4,058) and Renasant Bank ($4,206).
The lowest rate Enterprise lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY (4.26%), Renasant Bank (4.57%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.81%), Wells Fargo Bank (4.92%) and River Bank & Trust (4.93%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Mortgage Research Center, LLC | $95,430,000 | $56,695,000 | -40.6% | 16.7% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $27,235,000 | $27,235,000 | 0.0% | 8.0% |
ENVOY MORTGAGE, LTD | $23,075,000 | $23,050,000 | -0.1% | 6.8% |
River Bank & Trust | $8,555,000 | $19,075,000 | 123.0% | 5.6% |
QUICKEN LOANS, LLC | $32,890,000 | $15,205,000 | -53.8% | 4.5% |
ALL IN | $5,245,000 | $13,655,000 | 160.3% | 4.0% |
Renasant Bank | $20,725,000 | $12,160,000 | -41.3% | 3.6% |
USAA Federal Savings Bank | $11,230,000 | $11,135,000 | -0.8% | 3.3% |
NAVY FEDERAL CREDIT UNION | $11,025,000 | $10,445,000 | -5.3% | 3.1% |
Wells Fargo Bank | $6,835,000 | $7,205,000 | 5.4% | 2.1% |
PENNYMAC LOAN SERVICES, LLC | $15,145,000 | $7,015,000 | -53.7% | 2.1% |
Nations Lending Corporation | $10,625,000 | $6,515,000 | -38.7% | 1.9% |
Troy Bank and Trust Company | $2,980,000 | $6,470,000 | 117.1% | 1.9% |
BankPlus | $6,220,000 | $4,745,000 | -23.7% | 1.4% |
GUARANTEED RATE, INC. | $2,450,000 | $4,180,000 | 70.6% | 1.2% |
INTERLINC MORTGAGE SERVICES, LLC | $8,840,000 | $4,115,000 | -53.5% | 1.2% |
UNITED WHOLESALE MORTGAGE, LLC | $5,275,000 | $3,810,000 | -27.8% | 1.1% |
FREEDOM MORTGAGE CORPORATION | $25,140,000 | $3,655,000 | -85.5% | 1.1% |
LOANDEPOT.COM, LLC | $7,855,000 | $3,600,000 | -54.2% | 1.1% |
Synovus Bank | $3,185,000 | $3,225,000 | 1.3% | 1.0% |
CALIBER HOME LOANS, INC. | $3,375,000 | $3,180,000 | -5.8% | 0.9% |
LAKEVIEW LOAN SERVICING, LLC | $11,205,000 | $3,160,000 | -71.8% | 0.9% |
Hometown Lenders, Inc. | $5,250,000 | $3,095,000 | -41.0% | 0.9% |
MOVEMENT MORTGAGE, LLC | $480,000 | $2,905,000 | 505.2% | 0.9% |
NEW DAY FINANCIAL, LLC | $5,110,000 | $2,890,000 | -43.4% | 0.9% |
GUILD MORTGAGE COMPANY | $5,975,000 | $2,845,000 | -52.4% | 0.8% |
Regions Bank | $3,185,000 | $2,690,000 | -15.5% | 0.8% |
BROKER SOLUTIONS, INC. | $1,460,000 | $2,390,000 | 63.7% | 0.7% |
Armed Forces Bank | $2,310,000 | n/a | 0.7% | |
Bank Five Nine | $2,175,000 | n/a | 0.6% | |
PENTAGON FEDERAL CREDIT UNION | $3,475,000 | $2,045,000 | -41.2% | 0.6% |
Waterstone Mortgage Corporation | $3,155,000 | $2,045,000 | -35.2% | 0.6% |
Apex Bank | $1,805,000 | n/a | 0.5% | |
UNION HOME MORTGAGE CORP. | $255,000 | $1,770,000 | 594.1% | 0.5% |
AMERISAVE MORTGAGE CORPORATION | $3,850,000 | $1,715,000 | -55.5% | 0.5% |
HOMESTAR FINANCIAL CORPORATION | $815,000 | $1,670,000 | 104.9% | 0.5% |
CCB Community Bank | $395,000 | $1,650,000 | 317.7% | 0.5% |
North American Savings Bank, F.S.B. | $295,000 | $1,620,000 | 449.2% | 0.5% |
MORTGAGE INVESTORS GROUP, INC. | $1,615,000 | n/a | 0.5% | |
Northpointe Bank | $415,000 | $1,590,000 | 283.1% | 0.5% |
NBKC BANK | $705,000 | $1,585,000 | 124.8% | 0.5% |
Carrington Mortgage Services, LLC | $2,270,000 | $1,515,000 | -33.3% | 0.4% |
Mr. Cooper ( Nationstar Mortgage ) | $4,700,000 | $1,455,000 | -69.0% | 0.4% |
21ST MORTGAGE CORPORATION | $2,440,000 | $1,425,000 | -41.6% | 0.4% |
BNC National Bank | $720,000 | $1,400,000 | 94.4% | 0.4% |
Five Star Credit Union | $1,410,000 | $1,375,000 | -2.5% | 0.4% |
VILLAGE CAPITAL MORTGAGE | $4,950,000 | $1,255,000 | -74.6% | 0.4% |
First Federal Bank | $510,000 | $1,215,000 | 138.2% | 0.4% |
AMERICAN FINANCING CORPORATION | $675,000 | $1,170,000 | 73.3% | 0.3% |
HOME POINT FINANCIAL CORPORATION | $2,370,000 | $1,170,000 | -50.6% | 0.3% |
Ameris Bank | $1,590,000 | $1,130,000 | -28.9% | 0.3% |
The Federal Savings Bank | $740,000 | $1,110,000 | 50.0% | 0.3% |
Barrington Bank & Trust Company, N.A. | $1,670,000 | $975,000 | -41.6% | 0.3% |
NEWREZ LLC | $2,360,000 | $925,000 | -60.8% | 0.3% |
UNIVERSITY LENDING GROUP, LLC | $175,000 | $860,000 | 391.4% | 0.3% |
TRIAD FINANCIAL SERVICES, INC. | $615,000 | $840,000 | 36.6% | 0.2% |
PNC Bank | $815,000 | n/a | 0.2% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $800,000 | n/a | 0.2% | |
The First National Bank of Hartford | $550,000 | $760,000 | 38.2% | 0.2% |
Bank of England | $410,000 | $745,000 | 81.7% | 0.2% |
CMG MORTGAGE, INC. | $915,000 | $740,000 | -19.1% | 0.2% |
Truist | $1,380,000 | $670,000 | -51.4% | 0.2% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $745,000 | $660,000 | -11.4% | 0.2% |
CROSSCOUNTRY MORTGAGE, LLC | $1,450,000 | $655,000 | -54.8% | 0.2% |
The Samson Banking Company, Inc. | $370,000 | $650,000 | 75.7% | 0.2% |
HOMESTEAD FUNDING CORP. | $640,000 | n/a | 0.2% | |
Plains Commerce Bank | $625,000 | n/a | 0.2% | |
SOUTHEAST MORTGAGE OF GEORGIA, INC. | $625,000 | n/a | 0.2% | |
SOUTHWEST FUNDING, LP | $615,000 | n/a | 0.2% | |
FirstBank | $5,320,000 | $580,000 | -89.1% | 0.2% |
JPMorgan Chase Bank | $470,000 | $565,000 | 20.2% | 0.2% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $975,000 | $565,000 | -42.1% | 0.2% |
GMFS LLC | $1,245,000 | $555,000 | -55.4% | 0.2% |
SOUTHWEST STAGE FUNDING, LLC | $550,000 | n/a | 0.2% | |
Flagstar Bank, FSB | $340,000 | $545,000 | 60.3% | 0.2% |
ServisFirst Bank | $270,000 | $535,000 | 98.1% | 0.2% |
Trustmark National Bank | $335,000 | $535,000 | 59.7% | 0.2% |
Ixonia Bank | $155,000 | $515,000 | 232.3% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $1,035,000 | $510,000 | -50.7% | 0.2% |
EMBRACE HOME LOANS, INC. | $115,000 | $505,000 | 339.1% | 0.1% |
Morgan Stanley Private Bank | $495,000 | n/a | 0.1% | |
CORNERSTONE HOME LENDING, INC. | $485,000 | n/a | 0.1% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,075,000 | $480,000 | -55.3% | 0.1% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $435,000 | n/a | 0.1% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $12,340,000 | $430,000 | -96.5% | 0.1% |
CREDIT HUMAN FEDERAL CREDIT UNION | $120,000 | $430,000 | 258.3% | 0.1% |
CERTAINTY HOME LOANS, LLC | $415,000 | n/a | 0.1% | |
PeoplesSouth Bank | $565,000 | $410,000 | -27.4% | 0.1% |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $400,000 | n/a | 0.1% | |
Tyndall Federal Credit Union | $940,000 | $390,000 | -58.5% | 0.1% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $935,000 | $360,000 | -61.5% | 0.1% |
Mid-Continent Funding, Inc. | $925,000 | $355,000 | -61.6% | 0.1% |
Hamilton Mortgage Corporation | $775,000 | $350,000 | -54.8% | 0.1% |
Fifth Third Bank | $345,000 | n/a | 0.1% | |
CHERRY CREEK MORTGAGE, LLC | $305,000 | $340,000 | 11.5% | 0.1% |
Consumer First Mortgage, Inc. | $1,415,000 | $335,000 | -76.3% | 0.1% |
AVADIAN | $380,000 | $320,000 | -15.8% | 0.1% |
U.S. Bank | $1,305,000 | $320,000 | -75.5% | 0.1% |
Towne Bank | $315,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $1,535,000 | $305,000 | -80.1% | 0.1% |
ZILLOW HOME LOANS, LLC | $225,000 | $305,000 | 35.6% | 0.1% |
LOANLEADERS OF AMERICA, INC. | $295,000 | n/a | 0.1% | |
Guardian Credit Union | $250,000 | $290,000 | 16.0% | 0.1% |
Austin Capital Bank SSB | $285,000 | n/a | 0.1% | |
CHURCHILL MORTGAGE CORPORATION | $1,045,000 | $260,000 | -75.1% | 0.1% |
HOMESIDE FINANCIAL, LLC | $575,000 | $260,000 | -54.8% | 0.1% |
Citizens Bank | $250,000 | n/a | 0.1% | |
FIRST COMMUNITY MORTGAGE, INC. | $105,000 | $245,000 | 133.3% | 0.1% |
First Horizon Bank | $210,000 | $245,000 | 16.7% | 0.1% |
MIDLAND MORTGAGE CORPORATION | $235,000 | n/a | 0.1% | |
TJC Mortgage, Inc. | $655,000 | $235,000 | -64.1% | 0.1% |
ABSOLUTE HOME MORTGAGE CORPORATION | $215,000 | n/a | 0.1% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $530,000 | $215,000 | -59.4% | 0.1% |
CONTOUR MORTGAGE CORPORATION | $205,000 | n/a | 0.1% | |
SeaTrust Mortgage Company | $205,000 | n/a | 0.1% | |
Assurance Financial Group, L.L.C. | $265,000 | $195,000 | -26.4% | 0.1% |
BancorpSouth Bank | $730,000 | $195,000 | -73.3% | 0.1% |
DIRECT MORTGAGE LOANS, LLC | $185,000 | n/a | 0.1% | |
RELIANCE FIRST CAPITAL, LLC | $290,000 | $185,000 | -36.2% | 0.1% |
Capital Bank | $335,000 | $175,000 | -47.8% | 0.1% |
SOUTHPOINT FINANCIAL SERVICES, INC. | $325,000 | $175,000 | -46.2% | 0.1% |
HOPE FEDERAL CREDIT UNION | $165,000 | n/a | 0.0% | |
LENDINGONE, LLC | $165,000 | n/a | 0.0% | |
INTERCAP LENDING INC. | $165,000 | $155,000 | -6.1% | 0.0% |
SPRING EQ, LLC | $155,000 | n/a | 0.0% | |
ROYAL UNITED MORTGAGE LLC | $310,000 | $150,000 | -51.6% | 0.0% |
The Bank of Holly Springs | $145,000 | n/a | 0.0% | |
Low VA Rates, LLC | $490,000 | $135,000 | -72.4% | 0.0% |
PLAZA HOME MORTGAGE, INC. | $125,000 | n/a | 0.0% | |
RUOFF MORTGAGE COMPANY, INC. | $125,000 | n/a | 0.0% | |
South State Bank | $95,000 | $125,000 | 31.6% | 0.0% |
STEARNS LENDING, LLC | $125,000 | n/a | 0.0% | |
AmeriHome Mortgage Company, LLC | $580,000 | $115,000 | -80.2% | 0.0% |
CSL Financial, LLC | $45,000 | $115,000 | 155.6% | 0.0% |
FBC MORTGAGE, LLC | $115,000 | n/a | 0.0% | |
PHH Mortgage Corporation | $145,000 | $115,000 | -20.7% | 0.0% |
Alabama One Credit Union | $105,000 | n/a | 0.0% | |
AMERICAN ADVISORS GROUP | $75,000 | $105,000 | 40.0% | 0.0% |
LONGBRIDGE FINANCIAL, LLC | $105,000 | n/a | 0.0% | |
Meridian Bank Corporation | $860,000 | $105,000 | -87.8% | 0.0% |
Secured Investment Corp. | $105,000 | n/a | 0.0% | |
Chicago Mortgage Solutions LLC | $95,000 | n/a | 0.0% | |
First Home Bank | $95,000 | n/a | 0.0% | |
Figure Lending LLC | $220,000 | $70,000 | -68.2% | 0.0% |
Discover Bank | $85,000 | $55,000 | -35.3% | 0.0% |
Enterprise's top lender by overall market share is Mortgage Research Center, LLC, with 16.7% market share. In second place, with 8.0%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $27,235,000 in loans. In third place, with 6.8%, is ENVOY MORTGAGE, LTD, having originated $23,050,000 in loans. In fourth place, with 5.6%, is River Bank & Trust, having originated $19,075,000 in loans. In fifth place, with 4.5%, is QUICKEN LOANS, LLC, having originated $15,205,000 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%) | $198,643 (6.6%) | 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 (9.1%) | 0.00 | 269 |
2019-10-01 | $182,836 (2.4%) | $217,788 (8.6%) | 0.00 | 256 |
2019-11-01 | $178,500 (-0.5%) | $212,218 (4.8%) | 0.00 | 252 |
2019-12-01 | $178,500 (0.0%) | $212,366 (5.7%) | 0.00 | 239 |
2020-01-01 | $179,700 (0.4%) | $212,619 (6.1%) | 0.00 | 221 |
2020-02-01 | $174,950 (-1.4%) | $204,985 (2.5%) | 0.00 | 223 |
2020-03-01 | $169,900 (-4.1%) | $207,766 (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 (6.3%) | 0.00 | 136 |
2020-11-01 | $196,225 (9.9%) | $220,730 (4.0%) | 0.00 | 150 |
2020-12-01 | $207,375 (16.2%) | $230,011 (8.3%) | 0.00 | 151 |
2021-01-01 | $206,500 (14.9%) | $226,841 (6.7%) | 0.00 | 137 |
2021-02-01 | $195,825 (11.9%) | $224,562 (9.6%) | 0.00 | 125 |
2021-03-01 | $192,475 (13.3%) | $238,467 (14.8%) | 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 | $327,950 (52.5%) | $324,813 (26.8%) | 0.00 | 92 |
2022-08-01 | $333,625 (64.8%) | $318,415 (27.3%) | 0.00 | 93 |
2022-09-01 | $340,500 (73.8%) | $319,901 (31.5%) | 0.00 | 100 |
2022-10-01 | $347,000 (78.0%) | $326,303 (43.6%) | 0.00 | 106 |
2022-11-01 | $338,000 (74.5%) | $327,214 (44.8%) | 0.00 | 110 |
2022-12-01 | $338,000 (74.5%) | $336,089 (47.1%) | 0.00 | 110 |
2023-01-01 | $346,750 (77.8%) | $327,688 (48.0%) | 0.00 | 99 |
2023-02-01 | $347,000 (74.4%) | $324,063 (35.2%) | 0.00 | 93 |
2023-03-01 | $353,000 (85.3%) | $337,561 (46.1%) | 0.00 | 106 |
2023-04-01 | $359,000 (64.1%) | $342,234 (34.5%) | 0.00 | 113 |
2023-05-01 | $359,000 (45.5%) | $344,300 (22.8%) | 0.00 | 95 |
2023-06-01 | $359,425 (23.0%) | $339,704 (10.5%) | 0.00 | 106 |
2023-07-01 | $365,000 (11.3%) | $336,313 (3.5%) | 0.00 | 113 |
2023-08-01 | $356,450 (6.8%) | $336,056 (5.5%) | 0.00 | 124 |
Enterprise's median listing price comes in at 0% of the national average.
Enterprise's average listing price for 2023-08-01 was $336,056, a difference of $17,641 (5.5%) versus the prior year and $-257 versus the prior month.
For the 2023-08-01 period, Enterprise had 124 MLS listings, a difference of 11 listings (10%) versus the prior month and 31 listings (33%) 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 | 1,937 sqft |
2019-04-01 | 0 days | 1,967 sqft |
2019-05-01 | 0 days | 1,962 sqft |
2019-06-01 | 0 days | 1,947 sqft |
2019-07-01 | 0 days | 2,018 sqft |
2019-08-01 | 0 days | 2,011 sqft |
2019-09-01 | 0 days | 2,001 sqft |
2019-10-01 | 0 days | 1,998 sqft |
2019-11-01 | 0 days | 1,980 sqft |
2019-12-01 | 0 days | 1,974 sqft |
2020-01-01 | 0 days | 1,931 sqft |
2020-02-01 | 0 days | 1,885 sqft |
2020-03-01 | 0 days | 1,981 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 | 2,257 sqft |
2022-08-01 | 0 days | 2,255 sqft |
2022-09-01 | 0 days | 2,229 sqft |
2022-10-01 | 0 days | 2,306 sqft |
2022-11-01 | 0 days | 2,274 sqft |
2022-12-01 | 0 days | 2,247 sqft |
2023-01-01 | 0 days | 2,240 sqft |
2023-02-01 | 0 days | 2,220 sqft |
2023-03-01 | 0 days | 2,222 sqft |
2023-04-01 | 0 days | 2,235 sqft |
2023-05-01 | 0 days | 2,250 sqft |
2023-06-01 | 0 days | 2,293 sqft |
2023-07-01 | 0 days | 2,281 sqft |
2023-08-01 | 0 days | 2,288 sqft |
Enterprise's median square footage for active listings during the 2023-08-01 period was 2,288 sqft. One year prior, the average listing was 2,255 sqft.
Enterprise, AL Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 1,075 | $257,945,000 | $239,949 |
Refi | 202 | $30,980,000 | $153,366 |
Cash Out Refi | 192 | $37,300,000 | $194,271 |
Other | 111 | $7,265,000 | $65,450 |
Home Improvement | 98 | $5,770,000 | $58,878 |
NA | 1 | $115,000 | $115,000 |
Enterprise's most frequently cited loan purpose was Home Purchase, with 1,075 originations. The 2nd most popular reason was Refi, with 202 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 416 | $86,980,000 | $209,087 |
4-5% | 405 | $87,515,000 | $216,086 |
3-4% | 355 | $74,975,000 | $211,197 |
6-7% | 215 | $38,355,000 | $178,395 |
2.5-3% | 91 | $21,975,000 | $241,484 |
7-8% | 75 | $11,505,000 | $153,400 |
<2.5% | 48 | $9,640,000 | $200,833 |
Over 8% | 43 | $3,255,000 | $75,698 |
During 2022, Enterprise's most frequently originated rate bucket was 5-6%, with 416 originations.
Loan Sizing (Enterprise, AL MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 632 | $177,580,000 | $280,981 |
$100k-200k | 533 | $78,495,000 | $147,270 |
$100,000 or less | 397 | $23,945,000 | $60,315 |
$400k-600k | 108 | $50,370,000 | $466,389 |
$600k-1000k | 7 | $5,005,000 | $715,000 |
$Over $1MM | 2 | $3,980,000 | $1,990,000 |
Enterprise's loan sizing saw the bucket of loans from $200k-400k with 632 originations, totaling $177,580,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 912 | $215,690,000 | $236,502 |
60-80% | 287 | $51,525,000 | $179,530 |
Over 100% | 130 | $39,680,000 | $305,231 |
20-40% | 112 | $7,780,000 | $69,464 |
Under 20% | 99 | $3,795,000 | $38,333 |
40-60% | 93 | $13,715,000 | $147,473 |
Enterprise's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 912 originations, totaling $215,690,000 in origination value.