Fergus Falls 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 Fergus Falls averaged 7.01% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.92% and one month ago for the week of 2024-10-10, the average rate was 6.55%.

    Fergus Falls's average rate one year ago was 7.33%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.38%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Fergus Falls 30 Year Fixed Rate 2024-11-14 7.01%
    Fergus Falls 30 Year Fixed Rate Refi 2024-11-14 7.38%
    Fergus Falls 15 Year Fixed Rate 2024-11-14 5.79%
    Fergus Falls 15 Year Fixed Rate Refi 2024-11-14 6.59%
    Fergus Falls 30 Year FHA 2024-11-14 0%
    Fergus Falls 30 Year FHA Refi 2024-11-14 0%
    Fergus Falls 30 Year USDA 2024-11-14 0%
    Fergus Falls 30 Year USDA Refi 2024-11-14 0%
    Fergus Falls 30 Year VA 2024-11-14 0.2%
    Fergus Falls 30 Year VA Refi 2024-11-14 -0.2%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Fergus Falls, MN.

    Fergus Falls 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 Fergus Falls, MN 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 51 6.84% $5,438
    Gate City Bank 46 6.45% $5,612
    Bell Bank 45 6.99% $5,913
    Tradition Mortgage, LLC 27 6.57% $4,591
    Bremer Bank 17 6.73% $6,497
    CENTRAL MINNESOTA Credit Union 16 6.71% $2,768
    QUICKEN LOANS, LLC 11 6.73% $5,599
    First International Bank & Trust 11 7.07% $6,368
    AFFINITY PLUS 10 6.61% $4,174
    PRIMARY RESIDENTIAL MORTGAGE, INC. 9 6.94% $6,702
    U.S. Bank 8 7.09% $5,057
    Merchants Bank 7 6.76% $4,919
    GUARANTEED RATE, INC. 7 6.65% $7,167
    Wells Fargo Bank 7 6.39% $4,151
    Nations Lending Corporation 5 6.55% $4,038
    BMO Harris Bank 5 6.70% $3,478
    First Western Bank & Trust 4 6.22% $7,590
    Flagstar Bank, FSB 4 7.50% $3,973
    The Huntington National Bank 4 6.88% $5,675
    FIRST COMMUNITY CREDIT UNION 4 6.69% $7,840
    Western State Bank 3 5.55% $7,391
    Minnwest Bank 3 6.58% $4,195
    HOMEOWNERS FINANCIAL GROUP USA, LLC 3 7.42% $6,573
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.75% $6,605
    VALLEY MORTGAGE, INC. 3 6.24% $3,009
    ZILLOW HOME LOANS, LLC 2 7.56% $4,351
    BAY EQUITY LLC 2 6.75% $6,521
    BROKER SOLUTIONS, INC. 2 7.61% $7,146
    CROSSCOUNTRY MORTGAGE, LLC 2 6.81% $5,007
    EVERETT FINANCIAL, INC. 2 7.13% $2,599
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.12% $6,147
    HIWAY 2 6.06% $3,381
    NAVY FEDERAL CREDIT UNION 2 7.44% $6,659
    NEWREZ LLC 2 6.94% $9,159
    Old National Bank 2 6.56% $4,042
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.44% $3,074
    Prosperity Home Mortgage, LLC 2 6.44% $6,408
    Frandsen Bank & Trust 1 7.25% $5,925
    First Savings Bank 1 6.50% $5,425
    Morgan Stanley Private Bank 1 5.98% $3,650
    Mortgage Research Center, LLC 1 6.88% $789
    First National Bank of Omaha 1 8.00% $4,147
    Deere Employees Credit Union 1 5.13% $2,178
    CAPITAL CREDIT UNION 1 6.75% $5,783
    NBKC BANK 1 5.88% $3,333
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.99% $3,909
    American Mortgage & Equity Consultants, Inc. 1 6.00% $5,654
    Paramount Residential Mortgage Group, Inc. 1 8.75% $30,850
    PENNYMAC LOAN SERVICES, LLC 1 7.50% $2,608
    Plains Commerce Bank 1 5.38% $9,698
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.88% $5,272
    COMPEER FINANCIAL, FLCA 1 7.63% $5,178
    WINGS FINANCIAL 1 6.25% $2,713
    Alerus Financial 1 7.38% $3,980
    Commerce Home Mortgage, Inc. 1 8.63% $12,174
    Royal Credit Union 1 6.75% $0
    ROYAL UNITED MORTGAGE LLC 1 6.63% $7,686
    S1L, Inc. 1 7.13% $5,738
    Servion, Inc. 1 7.25% $3,322
    Starion Bank 1 6.13% $9,072
    Summit Mortgage Corporation 1 8.13% $3,097
    The Federal Savings Bank 1 7.75% $10,471
    CHURCHILL MORTGAGE CORPORATION 1 6.88% $6,571
    TOWN AND COUNTRY Credit Union 1 6.00% $3,737
    CHEVRON 1 6.88% $8,757
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 6.38% $13,311
    UBS Bank USA 1 7.38% $4,053
    Central Bank 1 5.99% $6,545
    GUARANTEED RATE AFFINITY, LLC 1 6.00% $15,831
    CARDINAL FINANCIAL 1 5.99% $9,833
    Home Federal Savings Bank 1 6.50% $6,162
    FREEDOM MORTGAGE CORPORATION 1 7.63% $6,766
    LAKEVIEW LOAN SERVICING, LLC 1 7.00% $4,013
    LOANDEPOT.COM, LLC 1 7.99% $5,465

    Fergus Falls Average Closing Costs & Other Stats

    Fergus Falls, MN's 74 lenders originated 1,072 loans during 2023. The total origination value was $218,410,000, with an average loan value of $203,741.

    Fergus Falls's average closing costs are $4,602.

    The top Fergus Falls lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 51 loans originated. Their average total fees are $5,438, which is $174 lower than the next largest lender, Gate City Bank.

    The lowest fee Fergus Falls lenders (with over 10 loans originated) are CENTRAL MINNESOTA Credit Union ($2,768), AFFINITY PLUS ($4,174), Tradition Mortgage, LLC ($4,591), UNITED WHOLESALE MORTGAGE, LLC ($5,438) and QUICKEN LOANS, LLC ($5,599).

    The lowest rate Fergus Falls lenders (with over 10 loans originated) are Gate City Bank (6.45%), Tradition Mortgage, LLC (6.57%), AFFINITY PLUS (6.61%), CENTRAL MINNESOTA Credit Union (6.71%) and Bremer Bank (6.73%).

    Fergus Falls, MN 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
    Bell Bank $32,035,000 $30,090,000 -6.1% 13.8%
    Gate City Bank $35,030,000 $23,520,000 -32.9% 10.8%
    UNITED WHOLESALE MORTGAGE, LLC $18,975,000 $16,700,000 -12.0% 7.6%
    Bremer Bank $26,785,000 $15,470,000 -42.2% 7.1%
    Tradition Mortgage, LLC $10,415,000 $7,520,000 -27.8% 3.4%
    First International Bank & Trust $5,645,000 $7,400,000 31.1% 3.4%
    QUICKEN LOANS, LLC $10,035,000 $6,845,000 -31.8% 3.1%
    AFFINITY PLUS $6,985,000 $6,655,000 -4.7% 3.0%
    American Federal Bank $4,150,000 $6,125,000 47.6% 2.8%
    U.S. Bank $10,960,000 $5,355,000 -51.1% 2.5%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $4,880,000 $4,755,000 -2.6% 2.2%
    Midwest Bank $4,660,000 $4,145,000 -11.1% 1.9%
    CENTRAL MINNESOTA Credit Union $4,345,000 $3,750,000 -13.7% 1.7%
    Mortgage Research Center, LLC $2,510,000 $3,455,000 37.6% 1.6%
    Wells Fargo Bank $11,465,000 $2,935,000 -74.4% 1.3%
    First Western Bank & Trust $3,115,000 $2,840,000 -8.8% 1.3%
    American National Bank of Minnesota $2,670,000 $2,830,000 6.0% 1.3%
    GUARANTEED RATE, INC. $1,865,000 $2,500,000 34.0% 1.1%
    BMO Harris Bank $2,470,000 n/a 1.1%
    FIRST COMMUNITY CREDIT UNION $2,175,000 $2,225,000 2.3% 1.0%
    The Huntington National Bank $65,000 $1,835,000 2,723.1% 0.8%
    Choice Financial Group $1,345,000 $1,775,000 32.0% 0.8%
    Merchants Bank $10,800,000 $1,645,000 -84.8% 0.8%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $1,440,000 $1,535,000 6.6% 0.7%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $1,100,000 $1,530,000 39.1% 0.7%
    AgCountry Farm Credit Services, FLCA $1,880,000 $1,510,000 -19.7% 0.7%
    Nations Lending Corporation $85,000 $1,450,000 1,605.9% 0.7%
    GUARANTEED RATE AFFINITY, LLC $1,370,000 n/a 0.6%
    PENNYMAC LOAN SERVICES, LLC $3,010,000 $1,300,000 -56.8% 0.6%
    NEWREZ LLC $1,435,000 $1,280,000 -10.8% 0.6%
    NAVY FEDERAL CREDIT UNION $1,270,000 n/a 0.6%
    CAPITAL CREDIT UNION $1,020,000 $1,245,000 22.1% 0.6%
    BROKER SOLUTIONS, INC. $1,230,000 $1,230,000 0.0% 0.6%
    Western State Bank $1,340,000 $1,230,000 -8.2% 0.6%
    Star Bank $1,215,000 n/a 0.6%
    Deerwood Bank $620,000 $1,125,000 81.5% 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,085,000 $1,095,000 -47.5% 0.5%
    Paramount Residential Mortgage Group, Inc. $1,565,000 $965,000 -38.3% 0.4%
    VILLAGE CAPITAL MORTGAGE $950,000 n/a 0.4%
    Royal Credit Union $960,000 $930,000 -3.1% 0.4%
    HIWAY $170,000 $915,000 438.2% 0.4%
    Alerus Financial $2,750,000 $890,000 -67.6% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $265,000 $885,000 234.0% 0.4%
    TOWN AND COUNTRY Credit Union $680,000 $810,000 19.1% 0.4%
    Flagstar Bank, FSB $2,310,000 $760,000 -67.1% 0.3%
    First State Bank Nebraska $755,000 n/a 0.3%
    Exchange State Bank $735,000 n/a 0.3%
    Bank Forward $235,000 $730,000 210.6% 0.3%
    Prosperity Home Mortgage, LLC $695,000 $715,000 2.9% 0.3%
    Unison Bank $705,000 n/a 0.3%
    Starion Bank $1,200,000 $700,000 -41.7% 0.3%
    VISIONBank $1,855,000 $700,000 -62.3% 0.3%
    RiverWood Bank $2,625,000 $695,000 -73.5% 0.3%
    VALLEY MORTGAGE, INC. $960,000 $690,000 -28.1% 0.3%
    NBKC BANK $905,000 $680,000 -24.9% 0.3%
    Farmers & Merchants Savings Bank $645,000 n/a 0.3%
    Old National Bank $645,000 n/a 0.3%
    EVERETT FINANCIAL, INC. $445,000 $640,000 43.8% 0.3%
    LOANDEPOT.COM, LLC $2,395,000 $630,000 -73.7% 0.3%
    Minnwest Bank $415,000 $575,000 38.6% 0.3%
    Plains Commerce Bank $895,000 $560,000 -37.4% 0.3%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $175,000 $555,000 217.1% 0.3%
    First State Bank $555,000 n/a 0.3%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $105,000 $550,000 423.8% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $880,000 $545,000 -38.1% 0.2%
    UBS Bank USA $525,000 n/a 0.2%
    The Federal Savings Bank $520,000 n/a 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $390,000 $510,000 30.8% 0.2%
    CARDINAL FINANCIAL $1,345,000 $490,000 -63.6% 0.2%
    Discover Bank $45,000 $485,000 977.8% 0.2%
    USAA Federal Savings Bank $245,000 $470,000 91.8% 0.2%
    BAY EQUITY LLC $280,000 $460,000 64.3% 0.2%
    PREMIER MORTGAGE RESOURCES, L.L.C. $430,000 n/a 0.2%
    FREEDOM MORTGAGE CORPORATION $1,615,000 $415,000 -74.3% 0.2%
    Deere Employees Credit Union $245,000 $405,000 65.3% 0.2%
    First State Bank of Le Center $385,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $380,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $145,000 $355,000 144.8% 0.2%
    Home Federal Savings Bank $355,000 n/a 0.2%
    Liberty Bank Minnesota $755,000 $350,000 -53.6% 0.2%
    PLANET HOME LENDING, LLC $105,000 $350,000 233.3% 0.2%
    Commerce Home Mortgage, Inc. $345,000 n/a 0.2%
    COMPEER FINANCIAL, FLCA $930,000 $345,000 -62.9% 0.2%
    Morgan Stanley Private Bank $375,000 $345,000 -8.0% 0.2%
    Frandsen Bank & Trust $835,000 $340,000 -59.3% 0.2%
    Cornerstone Bank $1,010,000 $335,000 -66.8% 0.2%
    Figure Lending LLC $140,000 $315,000 125.0% 0.1%
    American Heritage National Bank $285,000 n/a 0.1%
    Citizens Bank $105,000 $270,000 157.1% 0.1%
    S1L, Inc. $255,000 n/a 0.1%
    Equity Prime Mortgage LLC $245,000 n/a 0.1%
    Security Bank & Trust Company $245,000 n/a 0.1%
    WINGS FINANCIAL $1,480,000 $245,000 -83.4% 0.1%
    CHEVRON $235,000 n/a 0.1%
    TOPLINE FEDERAL CREDIT UNION $225,000 n/a 0.1%
    Central Bank $215,000 n/a 0.1%
    Citizens Alliance Bank $215,000 n/a 0.1%
    First National Bank of Omaha $195,000 n/a 0.1%
    First PREMIER Bank $325,000 $185,000 -43.1% 0.1%
    First Savings Bank $185,000 n/a 0.1%
    Bank of the West $2,750,000 $180,000 -93.5% 0.1%
    Century Mortgage Company DBA Century Lending Company $405,000 $180,000 -55.6% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $210,000 $180,000 -14.3% 0.1%
    EMM LOANS LLC $165,000 n/a 0.1%
    Northview Bank $185,000 $165,000 -10.8% 0.1%
    Reliabank Dakota $165,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $165,000 n/a 0.1%
    American Mortgage & Equity Consultants, Inc. $1,070,000 $155,000 -85.5% 0.1%
    Summit Mortgage Corporation $150,000 n/a 0.1%
    First Bank & Trust $395,000 $145,000 -63.3% 0.1%
    First Resource Bank $145,000 n/a 0.1%
    Green Belt Bank & Trust $120,000 $145,000 20.8% 0.1%
    LONGBRIDGE FINANCIAL, LLC $105,000 $145,000 38.1% 0.1%
    PLAZA HOME MORTGAGE, INC. $1,490,000 $145,000 -90.3% 0.1%
    Unity Bank $145,000 n/a 0.1%
    AMERISAVE MORTGAGE CORPORATION $545,000 $135,000 -75.2% 0.1%
    BankVista $135,000 n/a 0.1%
    SOUTHPOINT FINANCIAL $135,000 n/a 0.1%
    Firstar Bank $125,000 n/a 0.1%
    Freeport State Bank $115,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $95,000 $115,000 21.1% 0.1%
    Carrington Mortgage Services, LLC $335,000 $105,000 -68.7% 0.0%
    Coastal Community Bank $105,000 n/a 0.0%
    Community Development Bank, FSB $95,000 n/a 0.0%
    MEMBERS COOPERATIVE $215,000 $85,000 -60.5% 0.0%
    Servion, Inc. $1,160,000 $85,000 -92.7% 0.0%
    American Airlines Federal Credit Union $55,000 n/a 0.0%
    Kensington Bank $55,000 n/a 0.0%
    Mr. Cooper ( Nationstar Mortgage ) $1,855,000 $45,000 -97.6% 0.0%
    Bank of America $955,000 $25,000 -97.4% 0.0%
    TRIAD FINANCIAL SERVICES, INC. $65,000 $25,000 -61.5% 0.0%
    NOVATION CREDIT UNION $15,000 n/a 0.0%

    Fergus Falls's top lender by overall market share is Bell Bank, with 13.8% market share. In second place, with 10.8%, is Gate City Bank, having originated $23,520,000 in loans. In third place, with 7.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $16,700,000 in loans. In fourth place, with 7.1%, is Bremer Bank, having originated $15,470,000 in loans. In fifth place, with 3.4%, is Tradition Mortgage, LLC, having originated $7,520,000 in loans.

    Fergus Falls Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Fergus Falls (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 $217,367 (8.7%) $343,043 (19.2%) 0.00 261
    2018-02-01 $219,450 (11.3%) $351,429 (23.6%) 0.00 268
    2018-03-01 $231,950 (5.8%) $365,402 (22.2%) 0.00 288
    2018-04-01 $244,900 (2.1%) $362,485 (13.5%) 0.00 357
    2018-05-01 $246,875 (0.2%) $352,374 (9.2%) 0.00 422
    2018-06-01 $259,000 (7.9%) $349,950 (9.9%) 0.00 477
    2018-07-01 $259,450 (12.8%) $337,082 (8.0%) 0.00 473
    2018-08-01 $263,750 (17.3%) $335,496 (8.2%) 0.00 461
    2018-09-01 $249,950 (11.1%) $323,556 (4.2%) 0.00 467
    2018-10-01 $249,900 (14.1%) $316,869 (2.2%) 0.00 433
    2018-11-01 $249,675 (14.8%) $316,477 (-1.9%) 0.00 353
    2018-12-01 $242,200 (11.4%) $309,160 (-6.8%) 0.00 293
    2019-01-01 $229,900 (5.8%) $281,370 (-18.0%) 0.00 221
    2019-02-01 $239,900 (9.3%) $303,604 (-13.6%) 0.00 216
    2019-03-01 $254,707 (9.8%) $321,792 (-11.9%) 0.00 243
    2019-04-01 $271,257 (10.8%) $340,541 (-6.1%) 0.00 276
    2019-05-01 $263,700 (6.8%) $343,469 (-2.5%) 0.00 357
    2019-06-01 $249,900 (-3.5%) $333,677 (-4.7%) 0.00 397
    2019-07-01 $261,825 (0.9%) $338,677 (0.5%) 0.00 387
    2019-08-01 $261,427 (-0.9%) $331,796 (-1.1%) 0.00 373
    2019-09-01 $254,943 (2.0%) $322,133 (-0.4%) 0.00 359
    2019-10-01 $249,900 (0.0%) $317,804 (0.3%) 0.00 337
    2019-11-01 $244,900 (-1.9%) $313,463 (-1.0%) 0.00 275
    2019-12-01 $241,150 (-0.4%) $297,205 (-3.9%) 0.00 213
    2020-01-01 $228,500 (-0.6%) $280,268 (-0.4%) 0.00 172
    2020-02-01 $228,500 (-4.8%) $277,428 (-8.6%) 0.00 183
    2020-03-01 $237,425 (-6.8%) $300,844 (-6.5%) 0.00 235
    2020-04-01 $237,675 (-12.4%) $300,310 (-11.8%) 0.00 255
    2020-05-01 $269,900 (2.4%) $336,324 (-2.1%) 0.00 278
    2020-06-01 $269,900 (8.0%) $336,310 (0.8%) 0.00 273
    2020-07-01 $269,925 (3.1%) $349,155 (3.1%) 0.00 268
    2020-08-01 $269,900 (3.2%) $342,075 (3.1%) 0.00 250
    2020-09-01 $271,175 (6.4%) $355,209 (10.3%) 0.00 233
    2020-10-01 $259,900 (4.0%) $343,779 (8.2%) 0.00 198
    2020-11-01 $234,500 (-4.3%) $322,123 (2.8%) 0.00 185
    2020-12-01 $249,000 (3.3%) $337,712 (13.6%) 0.00 150
    2021-01-01 $247,000 (8.1%) $352,492 (25.8%) 0.00 107
    2021-02-01 $236,975 (3.7%) $368,031 (32.7%) 0.00 89
    2021-03-01 $247,975 (4.4%) $386,663 (28.5%) 0.00 99
    2021-04-01 $271,175 (14.1%) $424,809 (41.5%) 0.00 107
    2021-05-01 $269,900 (0.0%) $404,886 (20.4%) 0.00 100
    2021-06-01 $256,750 (-4.9%) $385,879 (14.7%) 0.00 114
    2021-07-01 $299,900 (11.1%) $416,560 (19.3%) 0.00 133
    2021-08-01 $271,850 (0.7%) $381,708 (11.6%) 0.00 164
    2021-09-01 $277,700 (2.4%) $375,837 (5.8%) 0.00 164
    2021-10-01 $287,450 (10.6%) $408,257 (18.8%) 0.00 150
    2021-11-01 $264,975 (13.0%) $415,181 (28.9%) 0.00 107
    2021-12-01 $249,900 (0.4%) $377,940 (11.9%) 0.00 86
    2022-01-01 $259,000 (4.9%) $399,755 (13.4%) 0.00 68
    2022-02-01 $322,450 (36.1%) $431,871 (17.4%) 0.00 72
    2022-03-01 $333,725 (34.6%) $421,828 (9.1%) 0.00 70
    2022-04-01 $339,950 (25.4%) $431,912 (1.7%) 0.00 90
    2022-05-01 $327,500 (21.3%) $430,649 (6.4%) 0.00 126
    2022-06-01 $314,250 (22.4%) $435,358 (12.8%) 0.00 175
    2022-07-01 $332,450 (10.9%) $444,910 (6.8%) 0.00 189
    2022-08-01 $349,900 (28.7%) $448,065 (17.4%) 0.00 180
    2022-09-01 $349,900 (26.0%) $434,274 (15.6%) 0.00 174
    2022-10-01 $335,000 (16.5%) $415,098 (1.7%) 0.00 166
    2022-11-01 $347,400 (31.1%) $429,753 (3.5%) 0.00 137
    2022-12-01 $359,450 (43.8%) $443,454 (17.3%) 0.00 112
    2023-01-01 $356,725 (37.7%) $424,236 (6.1%) 0.00 84
    2023-02-01 $338,000 (4.8%) $428,483 (-0.8%) 0.00 75
    2023-03-01 $372,450 (11.6%) $465,515 (10.4%) 0.00 89
    2023-04-01 $399,000 (17.4%) $529,621 (22.6%) 0.00 109
    2023-05-01 $399,350 (21.9%) $531,323 (23.4%) 0.00 152
    2023-06-01 $399,125 (27.0%) $521,525 (19.8%) 0.00 167
    2023-07-01 $399,750 (20.2%) $500,951 (12.6%) 0.00 204
    2023-08-01 $409,500 (17.0%) $498,603 (11.3%) 0.00 225
    2023-09-01 $398,500 (13.9%) $474,538 (9.3%) 0.00 234
    2023-10-01 $382,850 (14.3%) $468,184 (12.8%) 0.00 225
    2023-11-01 $367,000 (5.6%) $453,466 (5.5%) 0.00 206
    2023-12-01 $354,950 (-1.3%) $450,374 (1.6%) 0.00 185
    2024-01-01 $342,375 (-4.0%) $443,588 (4.6%) 0.00 145
    2024-02-01 $347,225 (2.7%) $457,947 (6.9%) 0.00 125
    2024-03-01 $389,000 (4.4%) $482,290 (3.6%) 0.00 159
    2024-04-01 $399,900 (0.2%) $491,447 (-7.2%) 0.00 181
    2024-05-01 $402,425 (0.8%) $484,110 (-8.9%) 0.00 230
    2024-06-01 $425,000 (6.5%) $538,712 (3.3%) 0.00 247
    2024-07-01 $422,500 (5.7%) $579,197 (15.6%) 0.00 241
    2024-08-01 $399,900 (-2.3%) $554,307 (11.2%) 0.00 250
    2024-09-01 $389,900 (-2.2%) $554,205 (16.8%) 0.00 262
    2024-10-01 $372,100 (-2.8%) $540,594 (15.5%) 0.00 247
    Fergus Falls's median listing price for 2024-10-01 was $372,100, a difference of $-10,750 (-2.8%) versus the prior year and $-17,800 versus the prior month.

    Fergus Falls's median listing price comes in at 0% of the national average.

    Fergus Falls's average listing price for 2024-10-01 was $540,594, a difference of $72,410 (15.5%) versus the prior year and $-13,611 versus the prior month.

    For the 2024-10-01 period, Fergus Falls had 247 MLS listings, a difference of -15 listings (-6%) versus the prior month and 22 listings (10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fergus Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,742 sqft
    2018-02-01 0 days 1,737 sqft
    2018-03-01 0 days 1,819 sqft
    2018-04-01 0 days 1,868 sqft
    2018-05-01 0 days 1,865 sqft
    2018-06-01 0 days 1,911 sqft
    2018-07-01 0 days 1,932 sqft
    2018-08-01 0 days 2,000 sqft
    2018-09-01 0 days 2,000 sqft
    2018-10-01 0 days 2,018 sqft
    2018-11-01 0 days 2,058 sqft
    2018-12-01 0 days 2,005 sqft
    2019-01-01 0 days 1,990 sqft
    2019-02-01 0 days 2,112 sqft
    2019-03-01 0 days 2,098 sqft
    2019-04-01 0 days 2,063 sqft
    2019-05-01 0 days 1,927 sqft
    2019-06-01 0 days 1,871 sqft
    2019-07-01 0 days 1,915 sqft
    2019-08-01 0 days 1,896 sqft
    2019-09-01 0 days 1,884 sqft
    2019-10-01 0 days 1,876 sqft
    2019-11-01 0 days 1,872 sqft
    2019-12-01 0 days 1,857 sqft
    2020-01-01 0 days 1,757 sqft
    2020-02-01 0 days 1,804 sqft
    2020-03-01 0 days 1,790 sqft
    2020-04-01 0 days 1,776 sqft
    2020-05-01 0 days 1,894 sqft
    2020-06-01 0 days 1,915 sqft
    2020-07-01 0 days 2,000 sqft
    2020-08-01 0 days 1,904 sqft
    2020-09-01 0 days 1,920 sqft
    2020-10-01 0 days 1,776 sqft
    2020-11-01 0 days 1,773 sqft
    2020-12-01 0 days 1,776 sqft
    2021-01-01 0 days 1,644 sqft
    2021-02-01 0 days 1,794 sqft
    2021-03-01 0 days 1,934 sqft
    2021-04-01 0 days 1,897 sqft
    2021-05-01 0 days 1,929 sqft
    2021-06-01 0 days 1,769 sqft
    2021-07-01 0 days 1,936 sqft
    2021-08-01 0 days 1,999 sqft
    2021-09-01 0 days 1,944 sqft
    2021-10-01 0 days 2,014 sqft
    2021-11-01 0 days 2,089 sqft
    2021-12-01 0 days 2,013 sqft
    2022-01-01 0 days 1,980 sqft
    2022-02-01 0 days 2,101 sqft
    2022-03-01 0 days 2,172 sqft
    2022-04-01 0 days 1,973 sqft
    2022-05-01 0 days 1,914 sqft
    2022-06-01 0 days 2,042 sqft
    2022-07-01 0 days 1,900 sqft
    2022-08-01 0 days 1,883 sqft
    2022-09-01 0 days 1,716 sqft
    2022-10-01 0 days 1,768 sqft
    2022-11-01 0 days 1,806 sqft
    2022-12-01 0 days 1,872 sqft
    2023-01-01 0 days 1,875 sqft
    2023-02-01 0 days 1,877 sqft
    2023-03-01 0 days 1,894 sqft
    2023-04-01 0 days 1,920 sqft
    2023-05-01 0 days 1,962 sqft
    2023-06-01 0 days 2,005 sqft
    2023-07-01 0 days 1,898 sqft
    2023-08-01 0 days 1,971 sqft
    2023-09-01 0 days 1,984 sqft
    2023-10-01 0 days 1,986 sqft
    2023-11-01 0 days 1,951 sqft
    2023-12-01 0 days 1,908 sqft
    2024-01-01 0 days 1,909 sqft
    2024-02-01 0 days 1,947 sqft
    2024-03-01 0 days 1,872 sqft
    2024-04-01 0 days 1,847 sqft
    2024-05-01 0 days 1,904 sqft
    2024-06-01 0 days 1,902 sqft
    2024-07-01 0 days 1,875 sqft
    2024-08-01 0 days 1,902 sqft
    2024-09-01 0 days 1,832 sqft
    2024-10-01 0 days 1,842 sqft
    Fergus Falls's median listing age (time on market) for 2024-10-01 was 0 days.

    Fergus Falls's median square footage for active listings during the 2024-10-01 period was 1,842 sqft. One year prior, the average listing was 1,986 sqft.

    Fergus Falls, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 570 $146,260,000 $256,596
    Other 165 $19,905,000 $120,636
    Home Improvement 134 $10,650,000 $79,478
    Refi 129 $25,875,000 $200,581
    Cash Out Refi 74 $15,720,000 $212,432

    Fergus Falls's most frequently cited loan purpose was Home Purchase, with 570 originations. The 2nd most popular reason was Other, with 165 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 372 $81,400,000 $218,817
    7-8% 263 $56,605,000 $215,228
    Over 8% 197 $23,805,000 $120,838
    5-6% 114 $26,750,000 $234,649
    4-5% 11 $3,225,000 $293,182
    3-4% 7 $2,705,000 $386,429
    <2.5% 6 $80,000 $13,333
    2.5-3% 1 $1,905,000 $1,905,000

    During 2023, Fergus Falls's most frequently originated rate bucket was 6-7%, with 372 originations.

    Loan Sizing (Fergus Falls, MN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 346 $17,210,000 $49,740
    $100k-200k 320 $46,260,000 $144,563
    $200k-400k 290 $82,710,000 $285,207
    $400k-600k 65 $30,545,000 $469,923
    $600k-1000k 44 $32,120,000 $730,000
    $Over $1MM 7 $9,565,000 $1,366,429

    Fergus Falls's loan sizing saw the bucket of loans from $100,000 or less with 346 originations, totaling $17,210,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 331 $87,035,000 $262,946
    Under 20% 208 $9,970,000 $47,933
    60-80% 184 $57,800,000 $314,130
    20-40% 144 $16,780,000 $116,528
    40-60% 97 $22,565,000 $232,629
    Over 100% 4 $1,330,000 $332,500

    Fergus Falls's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 331 originations, totaling $87,035,000 in origination value.