Fergus Falls Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fergus Falls averaged
6.63%
for the week of 2024-12-12, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2024-12-05) was
6.52% and
one month ago for the week of 2024-11-07, the
average rate was 7.02%.
Fergus Falls's average rate one year ago was 6.86%.
For refis of the same type during the week of 2024-12-12, the average rate
was 7.1%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-12-12 | 6.6% |
Fergus Falls 30 Year Fixed Rate | 2024-12-12 | 6.63% |
Fergus Falls 30 Year Fixed Rate Refi | 2024-12-12 | 7.1% |
Fergus Falls 15 Year Fixed Rate | 2024-12-12 | 5.94% |
Fergus Falls 15 Year Fixed Rate Refi | 2024-12-12 | 6.44% |
Fergus Falls 30 Year FHA | 2024-12-12 | 6.28% |
Fergus Falls 30 Year FHA Refi | 2024-12-12 | 6.48% |
Fergus Falls 30 Year USDA | 2024-12-12 | 6.2% |
Fergus Falls 30 Year USDA Refi | 2024-12-12 | 6.5% |
Fergus Falls 30 Year VA | 2024-12-12 | 6.28% |
Fergus Falls 30 Year VA Refi | 2024-12-12 | 6.18% |
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.).
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. LouisDate | 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 |
2024-11-01 | $362,450 (-1.2%) | $525,712 (15.9%) | 0.00 | 221 |
Fergus Falls's median listing price comes in at 0% of the national average.
Fergus Falls's average listing price for 2024-11-01 was $525,712, a difference of $72,246 (15.9%) versus the prior year and $-14,882 versus the prior month.
For the 2024-11-01 period, Fergus Falls had 221 MLS listings, a difference of -26 listings (-11%) versus the prior month and 15 listings (7%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fergus Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
2024-11-01 | 0 days | 1,895 sqft |
Fergus Falls's median square footage for active listings during the 2024-11-01 period was 1,895 sqft. One year prior, the average listing was 1,951 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.