Evanston Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Evanston averaged
6.84%
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
6.78% and
one month ago for the week of 2023-08-10, the
average rate was 6.72%.
Evanston's average rate one year ago was 5.45%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.48%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Evanston 30 Year Fixed Rate | 2023-09-14 | 6.84% |
| Evanston 30 Year Fixed Rate Refi | 2023-09-14 | 7.48% |
| Evanston 15 Year Fixed Rate | 2023-09-14 | 6.51% |
| Evanston 15 Year Fixed Rate Refi | 2023-09-14 | 6.41% |
| Evanston 30 Year FHA | 2023-09-14 | 6.99% |
| Evanston 30 Year FHA Refi | 2023-09-14 | 7.09% |
| Evanston 30 Year USDA | 2023-09-14 | 7.08% |
| Evanston 30 Year USDA Refi | 2023-09-14 | 7.08% |
| Evanston 30 Year VA | 2023-09-14 | 7.01% |
| Evanston 30 Year VA Refi | 2023-09-14 | 6.91% |
Evanston 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 Evanston, WY 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.).
Evanston Average Closing Costs & Other Stats
Evanston, WY's 48 lenders originated 399
loans during 2022. The total origination value was $93,235,000, with an average loan value of
$233,672.
Evanston's average closing costs are $4,989.
The top Evanston lender as defined by loan originations is Glacier Bank, with
23 loans originated. Their average total fees are
$4,773, which is $2,112
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Evanston lenders (with over 10 loans originated) are
Wells Fargo Bank ($3,814), Glacier Bank ($4,773), QUICKEN LOANS, LLC ($6,885), .
The lowest rate Evanston lenders (with over 10 loans originated) are
Wells Fargo Bank (4.17%), Glacier Bank (4.78%), QUICKEN LOANS, LLC (5.08%), .
Evanston, WY 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 |
|---|---|---|---|---|
| Glacier Bank | $20,480,000 | $12,225,000 | -40.3% | 13.1% |
| QUICKEN LOANS, LLC | $20,245,000 | $10,390,000 | -48.7% | 11.1% |
| Wells Fargo Bank | $26,160,000 | $6,980,000 | -73.3% | 7.5% |
| MOUNTAIN AMERICA | $3,605,000 | $6,745,000 | 87.1% | 7.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $11,495,000 | $4,935,000 | -57.1% | 5.3% |
| VAN DYK MORTGAGE CORPORATION | $5,760,000 | $3,525,000 | -38.8% | 3.8% |
| CRESCENT MORTGAGE COMPANY | $9,450,000 | $3,240,000 | -65.7% | 3.5% |
| U.S. Bank | $1,850,000 | $3,025,000 | 63.5% | 3.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $560,000 | $2,830,000 | 405.4% | 3.0% |
| Mortgage Research Center, LLC | $3,040,000 | $2,050,000 | -32.6% | 2.2% |
| ACADEMY MORTGAGE CORPORATION | $465,000 | $1,935,000 | 316.1% | 2.1% |
| PENNYMAC LOAN SERVICES, LLC | $3,705,000 | $1,850,000 | -50.1% | 2.0% |
| FIRST COLONY MORTGAGE CORPORATION | $1,395,000 | $1,770,000 | 26.9% | 1.9% |
| CALIBER HOME LOANS, INC. | $3,645,000 | $1,645,000 | -54.9% | 1.8% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $215,000 | $1,520,000 | 607.0% | 1.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,445,000 | $1,455,000 | 0.7% | 1.6% |
| BROKER SOLUTIONS, INC. | $1,930,000 | $1,145,000 | -40.7% | 1.2% |
| Cache Valley Bank | $680,000 | $1,125,000 | 65.4% | 1.2% |
| Bank of the West | $775,000 | $1,095,000 | 41.3% | 1.2% |
| Utah Power | $385,000 | $1,060,000 | 175.3% | 1.1% |
| Carrington Mortgage Services, LLC | $980,000 | $900,000 | -8.2% | 1.0% |
| Mr. Cooper ( Nationstar Mortgage ) | $620,000 | $900,000 | 45.2% | 1.0% |
| LOANDEPOT.COM, LLC | $4,285,000 | $845,000 | -80.3% | 0.9% |
| FINANCE OF AMERICA MORTGAGE LLC | $310,000 | $740,000 | 138.7% | 0.8% |
| Flanagan State Bank | $770,000 | $720,000 | -6.5% | 0.8% |
| Century Mortgage Company DBA Century Lending Company | $215,000 | $710,000 | 230.2% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $1,070,000 | $690,000 | -35.5% | 0.7% |
| JPMorgan Chase Bank | $630,000 | n/a | 0.7% | |
| FREEDOM MORTGAGE CORPORATION | $2,960,000 | $620,000 | -79.1% | 0.7% |
| CHERRY CREEK MORTGAGE, LLC | $650,000 | $605,000 | -6.9% | 0.6% |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,365,000 | $580,000 | -57.5% | 0.6% |
| Bank of America | $25,000 | $560,000 | 2,140.0% | 0.6% |
| Flagstar Bank, FSB | $340,000 | $560,000 | 64.7% | 0.6% |
| GUILD MORTGAGE COMPANY | $2,150,000 | $540,000 | -74.9% | 0.6% |
| GRANITE FEDERAL CREDIT UNION | $535,000 | n/a | 0.6% | |
| Meridian Trust Federal Credit Union | $215,000 | $525,000 | 144.2% | 0.6% |
| AMERICAN ADVISORS GROUP | $485,000 | n/a | 0.5% | |
| West Gate Bank | $485,000 | n/a | 0.5% | |
| First Federal Bank | $475,000 | n/a | 0.5% | |
| CENTENNIAL LENDING, LLC | $195,000 | $470,000 | 141.0% | 0.5% |
| Zions Bancorporation, N.A. | $165,000 | $425,000 | 157.6% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $4,265,000 | $420,000 | -90.2% | 0.5% |
| The Federal Savings Bank | $1,525,000 | $420,000 | -72.5% | 0.5% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $290,000 | $400,000 | 37.9% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $165,000 | $385,000 | 133.3% | 0.4% |
| Colonial Savings, F.A. | $370,000 | n/a | 0.4% | |
| Bank of England | $335,000 | n/a | 0.4% | |
| Prosperity Home Mortgage, LLC | $315,000 | n/a | 0.3% | |
| BECKAM FUNDING CORP. | $305,000 | n/a | 0.3% | |
| CHURCHILL MORTGAGE CORPORATION | $305,000 | n/a | 0.3% | |
| Citizens Bank | $305,000 | n/a | 0.3% | |
| Low VA Rates, LLC | $755,000 | $305,000 | -59.6% | 0.3% |
| EVERETT FINANCIAL, INC. | $295,000 | n/a | 0.3% | |
| NEWREZ LLC | $1,040,000 | $290,000 | -72.1% | 0.3% |
| CHEVRON | $285,000 | n/a | 0.3% | |
| CASTLE & COOKE MORTGAGE, LLC | $175,000 | $275,000 | 57.1% | 0.3% |
| CITYWIDE HOME LOANS, LLC | $4,215,000 | $265,000 | -93.7% | 0.3% |
| 21ST MORTGAGE CORPORATION | $145,000 | $255,000 | 75.9% | 0.3% |
| AMERICAN INTERNET MORTGAGE, INC. | $145,000 | $255,000 | 75.9% | 0.3% |
| Jonah Bank of Wyoming | $125,000 | $235,000 | 88.0% | 0.3% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $235,000 | n/a | 0.3% | |
| Utah Mortgage Loan Corporation | $420,000 | $225,000 | -46.4% | 0.2% |
| INTERCAP LENDING INC. | $1,740,000 | $215,000 | -87.6% | 0.2% |
| UNION HOME MORTGAGE CORP. | $215,000 | n/a | 0.2% | |
| CMG MORTGAGE, INC. | $195,000 | n/a | 0.2% | |
| ADVANTAGE PLUS | $185,000 | n/a | 0.2% | |
| Nations Lending Corporation | $185,000 | $185,000 | 0.0% | 0.2% |
| Wyoming Bank & Trust | $175,000 | n/a | 0.2% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $170,000 | n/a | 0.2% | |
| Deseret First Credit Union | $165,000 | n/a | 0.2% | |
| HOME POINT FINANCIAL CORPORATION | $185,000 | $165,000 | -10.8% | 0.2% |
| PHH Mortgage Corporation | $165,000 | n/a | 0.2% | |
| M&T Bank | $280,000 | $145,000 | -48.2% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $455,000 | $145,000 | -68.1% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $800,000 | $135,000 | -83.1% | 0.1% |
| Rock Canyon Bank | $185,000 | $125,000 | -32.4% | 0.1% |
| WYHY | $125,000 | n/a | 0.1% | |
| Discover Bank | $120,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $115,000 | n/a | 0.1% | |
| Truist | $195,000 | $115,000 | -41.0% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $410,000 | $105,000 | -74.4% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $195,000 | $95,000 | -51.3% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $85,000 | n/a | 0.1% | |
| Figure Lending LLC | $15,000 | $65,000 | 333.3% | 0.1% |
Evanston's top lender by overall market share is Glacier Bank, with 13.1% market share. In second place, with 11.1%, is QUICKEN LOANS, LLC, having originated $10,390,000 in loans. In third place, with 7.5%, is Wells Fargo Bank, having originated $6,980,000 in loans. In fourth place, with 7.2%, is MOUNTAIN AMERICA, having originated $6,745,000 in loans. In fifth place, with 5.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $4,935,000 in loans.
Evanston, WY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 192 | $54,460,000 | $283,646 |
| Cash Out Refi | 107 | $23,055,000 | $215,467 |
| Refi | 58 | $11,430,000 | $197,069 |
| Other | 25 | $2,715,000 | $108,600 |
| Home Improvement | 17 | $1,575,000 | $92,647 |
Evanston's most frequently cited loan purpose was Home Purchase, with 192 originations. The 2nd most popular reason was Cash Out Refi, with 107 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 103 | $23,635,000 | $229,466 |
| 4-5% | 94 | $23,160,000 | $246,383 |
| 3-4% | 88 | $21,730,000 | $246,932 |
| 6-7% | 41 | $12,885,000 | $314,268 |
| 2.5-3% | 37 | $7,495,000 | $202,568 |
| Over 8% | 17 | $1,265,000 | $74,412 |
| <2.5% | 10 | $1,480,000 | $148,000 |
| 7-8% | 8 | $1,580,000 | $197,500 |
During 2022, Evanston's most frequently originated rate bucket was 5-6%, with 103 originations.
Loan Sizing (Evanston, WY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 176 | $49,140,000 | $279,205 |
| $100k-200k | 127 | $19,175,000 | $150,984 |
| $100,000 or less | 62 | $3,350,000 | $54,032 |
| $400k-600k | 30 | $13,930,000 | $464,333 |
| $600k-1000k | 2 | $1,370,000 | $685,000 |
| $Over $1MM | 2 | $6,270,000 | $3,135,000 |
Evanston's loan sizing saw the bucket of loans from $200k-400k with 176 originations, totaling $49,140,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 163 | $43,285,000 | $265,552 |
| 60-80% | 114 | $27,780,000 | $243,684 |
| 40-60% | 53 | $15,925,000 | $300,472 |
| Under 20% | 32 | $1,310,000 | $40,938 |
| 20-40% | 29 | $2,885,000 | $99,483 |
| Over 100% | 6 | $1,740,000 | $290,000 |
Evanston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 163 originations, totaling $43,285,000 in origination value.