Evanston Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Evanston averaged
6.5%
for the week of 2024-10-24, compared to the national average of
6.54% for the same period.
The average rate for the prior week (2024-10-17) was
6.4% and
one month ago for the week of 2024-09-19, the
average rate was 5.85%.
Evanston's average rate one year ago was 7.59%.
For refis of the same type during the week of 2024-10-24, the average rate
was 6.74%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-24 | 6.54% |
Evanston 30 Year Fixed Rate | 2024-10-24 | 6.5% |
Evanston 30 Year Fixed Rate Refi | 2024-10-24 | 6.74% |
Evanston 15 Year Fixed Rate | 2024-10-24 | 5.81% |
Evanston 15 Year Fixed Rate Refi | 2024-10-24 | 6.11% |
Evanston 30 Year FHA | 2024-10-24 | 6.05% |
Evanston 30 Year FHA Refi | 2024-10-24 | 6.55% |
Evanston 30 Year USDA | 2024-10-24 | 6.39% |
Evanston 30 Year USDA Refi | 2024-10-24 | 6.29% |
Evanston 30 Year VA | 2024-10-24 | 6.04% |
Evanston 30 Year VA Refi | 2024-10-24 | 6.14% |
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 34 lenders originated 296
loans during 2023. The total origination value was $68,430,000, with an average loan value of
$231,182.
Evanston's average closing costs are $5,280.
The top Evanston lender as defined by loan originations is Glacier Bank, with
16 loans originated. Their average total fees are
$6,159, which is $602
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Evanston lenders (with over 10 loans originated) are
U.S. Bank ($6,133), Glacier Bank ($6,159), UNITED WHOLESALE MORTGAGE, LLC ($6,761), QUICKEN LOANS, LLC ($6,947) and .
The lowest rate Evanston lenders (with over 10 loans originated) are
Glacier Bank (6.62%), UNITED WHOLESALE MORTGAGE, LLC (6.68%), QUICKEN LOANS, LLC (6.84%), U.S. Bank (6.91%) and .
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
Glacier Bank | $12,225,000 | $10,070,000 | -17.6% | 14.7% |
UNITED WHOLESALE MORTGAGE, LLC | $4,935,000 | $7,955,000 | 61.2% | 11.6% |
QUICKEN LOANS, LLC | $10,390,000 | $5,205,000 | -49.9% | 7.6% |
U.S. Bank | $3,025,000 | $5,180,000 | 71.2% | 7.6% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,830,000 | $5,165,000 | 82.5% | 7.5% |
CRESCENT MORTGAGE COMPANY | $3,240,000 | $2,990,000 | -7.7% | 4.4% |
21ST MORTGAGE CORPORATION | $255,000 | $2,940,000 | 1,052.9% | 4.3% |
VAN DYK MORTGAGE CORPORATION | $3,525,000 | $2,460,000 | -30.2% | 3.6% |
Wells Fargo Bank | $6,980,000 | $2,045,000 | -70.7% | 3.0% |
ACADEMY MORTGAGE CORPORATION | $1,935,000 | $1,770,000 | -8.5% | 2.6% |
TrailWest Bank | $1,765,000 | n/a | 2.6% | |
Mortgage Research Center, LLC | $2,050,000 | $1,390,000 | -32.2% | 2.0% |
Unify Home Lending Inc. | $1,255,000 | n/a | 1.8% | |
Flanagan State Bank | $720,000 | $1,235,000 | 71.5% | 1.8% |
INTERCAP LENDING INC. | $215,000 | $1,190,000 | 453.5% | 1.7% |
MOUNTAIN AMERICA | $6,745,000 | $1,035,000 | -84.7% | 1.5% |
CORNERSTONE HOME LENDING, INC. | $850,000 | n/a | 1.2% | |
Gateway First Bank | $820,000 | n/a | 1.2% | |
Farm Credit Mid-America, ACA | $725,000 | n/a | 1.1% | |
GUARANTEED RATE AFFINITY, LLC | $720,000 | n/a | 1.1% | |
BMO Harris Bank | $645,000 | n/a | 0.9% | |
GUILD MORTGAGE COMPANY | $540,000 | $620,000 | 14.8% | 0.9% |
Barrington Bank & Trust Company, N.A. | $385,000 | $540,000 | 40.3% | 0.8% |
BETTER MORTGAGE CORPORATION | $510,000 | n/a | 0.7% | |
PENNYMAC LOAN SERVICES, LLC | $1,850,000 | $480,000 | -74.1% | 0.7% |
MUTUAL OF OMAHA MORTGAGE, INC. | $105,000 | $465,000 | 342.9% | 0.7% |
LOANDEPOT.COM, LLC | $845,000 | $430,000 | -49.1% | 0.6% |
BARTLETT MORTGAGE, INC. | $425,000 | n/a | 0.6% | |
UNION HOME MORTGAGE CORP. | $215,000 | $420,000 | 95.3% | 0.6% |
GUARANTEED RATE, INC. | $410,000 | n/a | 0.6% | |
American Mortgage & Equity Consultants, Inc. | $405,000 | n/a | 0.6% | |
WYHY | $125,000 | $405,000 | 224.0% | 0.6% |
NEWREZ LLC | $290,000 | $345,000 | 19.0% | 0.5% |
GOLDENWEST | $330,000 | n/a | 0.5% | |
First Federal Bank | $475,000 | $325,000 | -31.6% | 0.5% |
SECURITYNATIONAL MORTGAGE COMPANY | $580,000 | $320,000 | -44.8% | 0.5% |
Utah Power | $1,060,000 | $320,000 | -69.8% | 0.5% |
Jonah Bank of Wyoming | $235,000 | $315,000 | 34.0% | 0.5% |
SUN WEST MORTGAGE COMPANY, INC. | $310,000 | n/a | 0.5% | |
LAKEVIEW LOAN SERVICING, LLC | $135,000 | $295,000 | 118.5% | 0.4% |
Nations Lending Corporation | $185,000 | $295,000 | 59.5% | 0.4% |
BROKER SOLUTIONS, INC. | $1,145,000 | $280,000 | -75.5% | 0.4% |
CROSSCOUNTRY MORTGAGE, LLC | $1,455,000 | $265,000 | -81.8% | 0.4% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $255,000 | n/a | 0.4% | |
CITYWIDE HOME LOANS, LLC | $265,000 | $235,000 | -11.3% | 0.3% |
AXIA FINANCIAL, LLC | $225,000 | n/a | 0.3% | |
FREEDOM MORTGAGE CORPORATION | $620,000 | $205,000 | -66.9% | 0.3% |
Discover Bank | $120,000 | $190,000 | 58.3% | 0.3% |
Bank of America | $560,000 | $155,000 | -72.3% | 0.2% |
Utah Mortgage Loan Corporation | $225,000 | $155,000 | -31.1% | 0.2% |
Cache Valley Bank | $1,125,000 | $145,000 | -87.1% | 0.2% |
Mr. Cooper ( Nationstar Mortgage ) | $900,000 | $145,000 | -83.9% | 0.2% |
Central Bank | $135,000 | n/a | 0.2% | |
The Central Trust Bank | $135,000 | n/a | 0.2% | |
Coastal Community Bank | $105,000 | n/a | 0.2% | |
Signature Federal Credit Union | $55,000 | n/a | 0.1% | |
Figure Lending LLC | $65,000 | $45,000 | -30.8% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $95,000 | $35,000 | -63.2% | 0.1% |
PNC Bank | $35,000 | n/a | 0.1% | |
Bank of the West | $1,095,000 | $25,000 | -97.7% | 0.0% |
WESTERN VISTA | $25,000 | n/a | 0.0% |
Evanston's top lender by overall market share is Glacier Bank, with 14.7% market share. In second place, with 11.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $7,955,000 in loans. In third place, with 7.6%, is QUICKEN LOANS, LLC, having originated $5,205,000 in loans. In fourth place, with 7.6%, is U.S. Bank, having originated $5,180,000 in loans. In fifth place, with 7.5%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $5,165,000 in loans.
Evanston, WY Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 199 | $51,945,000 | $261,030 |
Cash Out Refi | 34 | $6,590,000 | $193,824 |
Other | 24 | $2,100,000 | $87,500 |
Refi | 21 | $6,495,000 | $309,286 |
Home Improvement | 18 | $1,300,000 | $72,222 |
Evanston's most frequently cited loan purpose was Home Purchase, with 199 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 106 | $29,040,000 | $273,962 |
5-6% | 59 | $12,655,000 | $214,492 |
7-8% | 56 | $13,630,000 | $243,393 |
Over 8% | 48 | $9,070,000 | $188,958 |
<2.5% | 8 | $280,000 | $35,000 |
4-5% | 5 | $1,575,000 | $315,000 |
2.5-3% | 1 | $165,000 | $165,000 |
During 2023, Evanston's most frequently originated rate bucket was 6-7%, with 106 originations.
Loan Sizing (Evanston, WY MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 123 | $34,675,000 | $281,911 |
$100k-200k | 70 | $10,460,000 | $149,429 |
$100,000 or less | 68 | $2,900,000 | $42,647 |
$400k-600k | 27 | $12,325,000 | $456,481 |
$600k-1000k | 6 | $4,240,000 | $706,667 |
$Over $1MM | 2 | $3,830,000 | $1,915,000 |
Evanston's loan sizing saw the bucket of loans from $200k-400k with 123 originations, totaling $34,675,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 135 | $38,205,000 | $283,000 |
60-80% | 55 | $16,545,000 | $300,818 |
Under 20% | 46 | $1,360,000 | $29,565 |
20-40% | 34 | $3,910,000 | $115,000 |
40-60% | 16 | $2,770,000 | $173,125 |
Over 100% | 3 | $825,000 | $275,000 |
Evanston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 135 originations, totaling $38,205,000 in origination value.