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 6.64% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

    The average rate for the prior week (2023-09-14) was 7.03% and one month ago for the week of 2023-08-17, the average rate was 6.74%.

    Fergus Falls's average rate one year ago was 5.67%.

    For refis of the same type during the week of 2023-09-21, the average rate was 7.06%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-21 7.19%
    Fergus Falls 30 Year Fixed Rate 2023-09-21 6.64%
    Fergus Falls 30 Year Fixed Rate Refi 2023-09-21 7.06%
    Fergus Falls 15 Year Fixed Rate 2023-09-21 6.34%
    Fergus Falls 15 Year Fixed Rate Refi 2023-09-21 6.44%
    Fergus Falls 30 Year FHA 2023-09-21 6.94%
    Fergus Falls 30 Year FHA Refi 2023-09-21 7.04%
    Fergus Falls 30 Year USDA 2023-09-21 7.22%
    Fergus Falls 30 Year USDA Refi 2023-09-21 6.92%
    Fergus Falls 30 Year VA 2023-09-21 6.62%
    Fergus Falls 30 Year VA Refi 2023-09-21 6.62%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Gate City Bank 86 4.29% $5,058
    UNITED WHOLESALE MORTGAGE, LLC 53 5.21% $5,262
    Bremer Bank 51 4.42% $6,407
    Bell Bank 45 5.08% $4,478
    Tradition Mortgage, LLC 38 5.12% $3,967
    Merchants Bank 30 4.52% $4,660
    Wells Fargo Bank 28 4.37% $4,579
    QUICKEN LOANS, LLC 23 4.99% $6,917
    U.S. Bank 16 4.73% $6,881
    CENTRAL MINNESOTA Credit Union 14 5.47% $2,814
    AFFINITY PLUS 11 4.60% $4,108
    PRIMARY RESIDENTIAL MORTGAGE, INC. 10 5.67% $4,980
    CALIBER HOME LOANS, INC. 8 4.49% $7,158
    First International Bank & Trust 7 5.09% $5,799
    LOANDEPOT.COM, LLC 7 4.71% $4,591
    PENNYMAC LOAN SERVICES, LLC 7 4.61% $6,502
    FIRST COMMUNITY CREDIT UNION 5 4.81% $5,282
    First Western Bank & Trust 4 4.88% $5,600
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 5.69% $6,824
    GUARANTEED RATE, INC. 4 5.78% $10,662
    FREEDOM MORTGAGE CORPORATION 4 5.19% $5,491
    CARDINAL FINANCIAL 4 4.19% $6,921
    American Mortgage & Equity Consultants, Inc. 4 6.13% $3,463
    Bank of the West 4 4.00% $5,257
    WINGS FINANCIAL 3 4.92% $3,272
    FINANCE OF AMERICA MORTGAGE LLC 3 5.08% $7,841
    Mr. Cooper ( Nationstar Mortgage ) 3 5.49% $9,048
    NEWREZ LLC 3 4.78% $9,964
    Flagstar Bank, FSB 3 5.75% $4,845
    PLAZA HOME MORTGAGE, INC. 3 4.04% $5,001
    BROKER SOLUTIONS, INC. 3 5.79% $10,246
    Prosperity Home Mortgage, LLC 3 5.17% $4,819
    HOMEOWNERS FINANCIAL GROUP USA, LLC 3 5.96% $6,383
    CROSSCOUNTRY MORTGAGE, LLC 3 5.33% $5,553
    Union State Bank of Fargo 3 5.50% $5,687
    VALLEY MORTGAGE, INC. 3 3.54% $4,634
    Alerus Financial 3 5.29% $11,328
    TOWN AND COUNTRY Credit Union 2 4.19% $5,318
    CRESCENT MORTGAGE COMPANY 2 5.75% $6,369
    First Dakota National Bank 2 4.98% $4,700
    Western State Bank 2 4.68% $2,582
    Goldwater Bank, N.A. 2 4.75% $7,656
    Deerwood Bank 2 4.63% $5,919
    Liberty Bank Minnesota 2 3.88% $2,984
    CAPITAL CREDIT UNION 2 3.94% $5,084
    NBKC BANK 2 5.50% $4,529
    HOME POINT FINANCIAL CORPORATION 2 4.75% $8,390
    Choice Financial Group 2 4.35% $11,888
    COMPEER FINANCIAL, FLCA 2 5.25% $2,386
    JPMorgan Chase Bank 2 5.06% $2,635
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.75% $6,385
    Barrington Bank & Trust Company, N.A. 1 5.25% $5,974
    University of Wisconsin Credit Union 1 3.88% $2,515
    AMERICAN FINANCING CORPORATION 1 5.88% $7,032
    Waterstone Mortgage Corporation 1 5.88% $9,673
    West Gate Bank 1 5.63% $4,165
    Union Bank and Trust Company 1 5.00% $3,540
    Baxter Credit Union 1 4.50% $2,944
    BAY EQUITY LLC 1 4.50% $5,062
    BETTER MORTGAGE CORPORATION 1 2.88% $3,706
    Bank of Colorado 1 3.63% $3,584
    Auto Club Trust, FSB 1 5.00% $1,411
    Century Mortgage Company DBA Century Lending Company 1 5.88% $3,959
    Charles Schwab Bank, SSB 1 5.98% $3,885
    EVERETT FINANCIAL, INC. 1 7.00% $1,845
    First Interstate Bank 1 5.38% $4,221
    Frandsen Bank & Trust 1 4.38% $3,301
    Associated Bank 1 3.50% $4,115
    HOMESIDE FINANCIAL, LLC 1 3.75% $7,538
    IOWA BANKERS MORTGAGE CORPORATION 1 4.75% $2,676
    Ixonia Bank 1 5.88% $6,741
    KELLER MORTGAGE, LLC 1 3.25% $5,089
    LEADERONE FINANCIAL CORPORATION 1 5.38% $3,138
    Lend Smart Mortgage, LLC 1 4.50% $5,306
    MEMBERS COOPERATIVE 1 6.50% $4,845
    Arvest Bank 1 4.63% $3,578
    Morgan Stanley Private Bank 1 4.75% $3,574
    Mortgages Unlimited Inc. 1 6.88% $6,800
    M&T Bank 1 3.88% $5,562
    National Bank of Commerce 1 3.63% $3,059
    Nations Lending Corporation 1 5.75% $5,377
    ONY GLO, INC. 1 2.88% $3,079
    Paramount Residential Mortgage Group, Inc. 1 6.63% $4,204
    Plains Commerce Bank 1 4.13% $3,696
    PNC Bank 1 2.75% $4,053
    AMERISAVE MORTGAGE CORPORATION 1 5.50% $6,301
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.13% $3,704
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $4,236
    RUOFF MORTGAGE COMPANY, INC. 1 5.63% $3,567
    Servion, Inc. 1 4.50% $6,920
    SHAREPOINT CREDIT UNION 1 4.13% $2,465
    SIOUXLAND FEDERAL CREDIT UNION 1 6.00% $5,893
    Starion Bank 1 4.75% $7,590
    THRIVENT Federal Credit Union 1 3.25% $2,208

    Fergus Falls Average Closing Costs & Other Stats

    Fergus Falls, MN's 94 lenders originated 1,403 loans during 2022. The total origination value was $301,055,000, with an average loan value of $214,579.

    Fergus Falls's average closing costs are $4,435.

    The top Fergus Falls lender as defined by loan originations is Gate City Bank, with 86 loans originated. Their average total fees are $5,058, which is $204 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Fergus Falls lenders (with over 10 loans originated) are CENTRAL MINNESOTA Credit Union ($2,814), Tradition Mortgage, LLC ($3,967), AFFINITY PLUS ($4,108), Bell Bank ($4,478) and Wells Fargo Bank ($4,579).

    The lowest rate Fergus Falls lenders (with over 10 loans originated) are Gate City Bank (4.29%), Wells Fargo Bank (4.37%), Bremer Bank (4.42%), Merchants Bank (4.52%) and AFFINITY PLUS (4.60%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Gate City Bank $55,735,000 $35,030,000 -37.1% 11.6%
    Bell Bank $57,900,000 $32,035,000 -44.7% 10.6%
    Bremer Bank $35,660,000 $26,785,000 -24.9% 8.9%
    UNITED WHOLESALE MORTGAGE, LLC $37,675,000 $18,975,000 -49.6% 6.3%
    Wells Fargo Bank $27,125,000 $11,465,000 -57.7% 3.8%
    U.S. Bank $13,815,000 $10,960,000 -20.7% 3.6%
    Merchants Bank $53,310,000 $10,800,000 -79.7% 3.6%
    Tradition Mortgage, LLC $19,690,000 $10,415,000 -47.1% 3.5%
    QUICKEN LOANS, LLC $25,630,000 $10,035,000 -60.8% 3.3%
    AFFINITY PLUS $9,645,000 $6,985,000 -27.6% 2.3%
    First International Bank & Trust $9,920,000 $5,645,000 -43.1% 1.9%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $5,490,000 $4,880,000 -11.1% 1.6%
    Midwest Bank $12,560,000 $4,660,000 -62.9% 1.5%
    CALIBER HOME LOANS, INC. $8,880,000 $4,655,000 -47.6% 1.5%
    CENTRAL MINNESOTA Credit Union $10,520,000 $4,345,000 -58.7% 1.4%
    American Federal Bank $15,415,000 $4,150,000 -73.1% 1.4%
    First Western Bank & Trust $5,290,000 $3,115,000 -41.1% 1.0%
    PENNYMAC LOAN SERVICES, LLC $4,930,000 $3,010,000 -38.9% 1.0%
    Alerus Financial $4,925,000 $2,750,000 -44.2% 0.9%
    Bank of the West $2,910,000 $2,750,000 -5.5% 0.9%
    American National Bank of Minnesota $4,285,000 $2,670,000 -37.7% 0.9%
    RiverWood Bank $485,000 $2,625,000 441.2% 0.9%
    Mortgage Research Center, LLC $5,375,000 $2,510,000 -53.3% 0.8%
    LOANDEPOT.COM, LLC $5,770,000 $2,395,000 -58.5% 0.8%
    Flagstar Bank, FSB $3,465,000 $2,310,000 -33.3% 0.8%
    FIRST COMMUNITY CREDIT UNION $3,725,000 $2,175,000 -41.6% 0.7%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,245,000 $2,085,000 -50.9% 0.7%
    AgCountry Farm Credit Services, FLCA $2,105,000 $1,880,000 -10.7% 0.6%
    GUARANTEED RATE, INC. $270,000 $1,865,000 590.7% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $2,810,000 $1,855,000 -34.0% 0.6%
    VISIONBank $3,655,000 $1,855,000 -49.2% 0.6%
    Union State Bank of Fargo $1,495,000 $1,695,000 13.4% 0.6%
    FREEDOM MORTGAGE CORPORATION $10,965,000 $1,615,000 -85.3% 0.5%
    Paramount Residential Mortgage Group, Inc. $1,565,000 n/a 0.5%
    PLAZA HOME MORTGAGE, INC. $1,325,000 $1,490,000 12.5% 0.5%
    WINGS FINANCIAL $800,000 $1,480,000 85.0% 0.5%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $1,495,000 $1,440,000 -3.7% 0.5%
    NEWREZ LLC $2,565,000 $1,435,000 -44.1% 0.5%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $3,635,000 $1,345,000 -63.0% 0.4%
    Choice Financial Group $4,835,000 $1,345,000 -72.2% 0.4%
    Western State Bank $2,525,000 $1,340,000 -46.9% 0.4%
    BROKER SOLUTIONS, INC. $3,095,000 $1,230,000 -60.3% 0.4%
    Starion Bank $1,040,000 $1,200,000 15.4% 0.4%
    FINANCE OF AMERICA MORTGAGE LLC $380,000 $1,185,000 211.8% 0.4%
    Servion, Inc. $1,090,000 $1,160,000 6.4% 0.4%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $2,530,000 $1,100,000 -56.5% 0.4%
    American Mortgage & Equity Consultants, Inc. $2,085,000 $1,070,000 -48.7% 0.4%
    CAPITAL CREDIT UNION $5,300,000 $1,020,000 -80.8% 0.3%
    Cornerstone Bank $235,000 $1,010,000 329.8% 0.3%
    Royal Credit Union $960,000 n/a 0.3%
    VALLEY MORTGAGE, INC. $4,530,000 $960,000 -78.8% 0.3%
    Bank of America $450,000 $955,000 112.2% 0.3%
    COMPEER FINANCIAL, FLCA $685,000 $930,000 35.8% 0.3%
    NBKC BANK $375,000 $905,000 141.3% 0.3%
    Plains Commerce Bank $9,345,000 $895,000 -90.4% 0.3%
    First Interstate Bank $890,000 n/a 0.3%
    Barrington Bank & Trust Company, N.A. $935,000 $880,000 -5.9% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $2,690,000 $880,000 -67.3% 0.3%
    First Dakota National Bank $875,000 n/a 0.3%
    Frandsen Bank & Trust $1,255,000 $835,000 -33.5% 0.3%
    Waterstone Mortgage Corporation $465,000 $820,000 76.3% 0.3%
    HOME POINT FINANCIAL CORPORATION $1,625,000 $815,000 -49.8% 0.3%
    CRESCENT MORTGAGE COMPANY $4,555,000 $785,000 -82.8% 0.3%
    Liberty Bank Minnesota $145,000 $755,000 420.7% 0.3%
    THRIVENT Federal Credit Union $1,030,000 $725,000 -29.6% 0.2%
    BETTER MORTGAGE CORPORATION $600,000 $695,000 15.8% 0.2%
    Prosperity Home Mortgage, LLC $610,000 $695,000 13.9% 0.2%
    TOWN AND COUNTRY Credit Union $5,945,000 $680,000 -88.6% 0.2%
    ONY GLO, INC. $415,000 $645,000 55.4% 0.2%
    Goldwater Bank, N.A. $410,000 $640,000 56.1% 0.2%
    Availa Bank $625,000 n/a 0.2%
    KELLER MORTGAGE, LLC $770,000 $625,000 -18.8% 0.2%
    Deerwood Bank $475,000 $620,000 30.5% 0.2%
    Low VA Rates, LLC $615,000 n/a 0.2%
    Kirkwood Bank & Trust Co. $605,000 n/a 0.2%
    Neighborhood National Bank $565,000 n/a 0.2%
    Associated Bank $655,000 $550,000 -16.0% 0.2%
    AMERISAVE MORTGAGE CORPORATION $2,420,000 $545,000 -77.5% 0.2%
    Baxter Credit Union $530,000 n/a 0.2%
    NEW DAY FINANCIAL, LLC $350,000 $530,000 51.4% 0.2%
    Truist $480,000 n/a 0.2%
    EVERETT FINANCIAL, INC. $215,000 $445,000 107.0% 0.1%
    ENVOY MORTGAGE, LTD $415,000 n/a 0.1%
    Minnwest Bank $415,000 n/a 0.1%
    Century Mortgage Company DBA Century Lending Company $335,000 $405,000 20.9% 0.1%
    First Bank & Trust $855,000 $395,000 -53.8% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $340,000 $390,000 14.7% 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $445,000 $385,000 -13.5% 0.1%
    Bank of Colorado $375,000 n/a 0.1%
    Morgan Stanley Private Bank $375,000 n/a 0.1%
    The Central Trust Bank $355,000 $375,000 5.6% 0.1%
    Carrington Mortgage Services, LLC $560,000 $335,000 -40.2% 0.1%
    First PREMIER Bank $325,000 n/a 0.1%
    SIOUXLAND FEDERAL CREDIT UNION $315,000 n/a 0.1%
    Union Bank and Trust Company $315,000 n/a 0.1%
    West Gate Bank $305,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $550,000 $290,000 -47.3% 0.1%
    BAY EQUITY LLC $205,000 $280,000 36.6% 0.1%
    GSF Mortgage Corporation $275,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $510,000 $265,000 -48.0% 0.1%
    Bank of England $450,000 $265,000 -41.1% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $545,000 $265,000 -51.4% 0.1%
    PNC Bank $255,000 n/a 0.1%
    Citywide Banks $245,000 n/a 0.1%
    Deere Employees Credit Union $340,000 $245,000 -27.9% 0.1%
    USAA Federal Savings Bank $1,170,000 $245,000 -79.1% 0.1%
    USAlliance Federal Credit Union $245,000 n/a 0.1%
    SPIRE Credit Union $240,000 n/a 0.1%
    Bank Forward $790,000 $235,000 -70.3% 0.1%
    Charles Schwab Bank, SSB $225,000 n/a 0.1%
    JPMorgan Chase Bank $1,650,000 $220,000 -86.7% 0.1%
    Arvest Bank $215,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $255,000 $215,000 -15.7% 0.1%
    MEMBERS COOPERATIVE $215,000 n/a 0.1%
    SHAREPOINT CREDIT UNION $215,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $1,010,000 $210,000 -79.2% 0.1%
    Lend Smart Mortgage, LLC $405,000 $205,000 -49.4% 0.1%
    University of Wisconsin Credit Union $205,000 n/a 0.1%
    UNITED $195,000 n/a 0.1%
    AMERICAN ADVISORS GROUP $220,000 $190,000 -13.6% 0.1%
    MOVEMENT MORTGAGE, LLC $380,000 $185,000 -51.3% 0.1%
    M&T Bank $215,000 $185,000 -14.0% 0.1%
    Northview Bank $215,000 $185,000 -14.0% 0.1%
    NP, Inc. $185,000 n/a 0.1%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $350,000 $175,000 -50.0% 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $175,000 n/a 0.1%
    Ixonia Bank $365,000 $175,000 -52.1% 0.1%
    HIWAY $535,000 $170,000 -68.2% 0.1%
    Centier Bank $165,000 n/a 0.1%
    LEADERONE FINANCIAL CORPORATION $2,065,000 $165,000 -92.0% 0.1%
    Woodlands National Bank $165,000 n/a 0.1%
    DELTA COMMUNITY CREDIT UNION $155,000 n/a 0.1%
    RUOFF MORTGAGE COMPANY, INC. $155,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $415,000 $145,000 -65.1% 0.0%
    Figure Lending LLC $65,000 $140,000 115.4% 0.0%
    First Guaranty Mortgage Corporation $135,000 n/a 0.0%
    Auto Club Trust, FSB $125,000 n/a 0.0%
    IOWA BANKERS MORTGAGE CORPORATION $225,000 $125,000 -44.4% 0.0%
    Mortgages Unlimited Inc. $565,000 $125,000 -77.9% 0.0%
    Green Belt Bank & Trust $120,000 n/a 0.0%
    National Bank of Commerce $115,000 n/a 0.0%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $545,000 $105,000 -80.7% 0.0%
    Citizens Bank $720,000 $105,000 -85.4% 0.0%
    LONGBRIDGE FINANCIAL, LLC $105,000 n/a 0.0%
    PLANET HOME LENDING, LLC $325,000 $105,000 -67.7% 0.0%
    ROYAL UNITED MORTGAGE LLC $75,000 $95,000 26.7% 0.0%
    St. Paul Federal Credit Union $195,000 $95,000 -51.3% 0.0%
    Nations Lending Corporation $105,000 $85,000 -19.0% 0.0%
    HomeTown Bank $75,000 n/a 0.0%
    The Huntington National Bank $65,000 n/a 0.0%
    TRIAD FINANCIAL SERVICES, INC. $135,000 $65,000 -51.9% 0.0%
    Peoples Bank $205,000 $55,000 -73.2% 0.0%
    Discover Bank $45,000 n/a 0.0%
    American Investors Bank and Mortgage $25,000 n/a 0.0%

    Fergus Falls's top lender by overall market share is Gate City Bank, with 11.6% market share. In second place, with 10.6%, is Bell Bank, having originated $32,035,000 in loans. In third place, with 8.9%, is Bremer Bank, having originated $26,785,000 in loans. In fourth place, with 6.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $18,975,000 in loans. In fifth place, with 3.8%, is Wells Fargo Bank, having originated $11,465,000 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 $217,033 (8.6%) $342,322 (19.0%) 0.00 262
    2018-02-01 $219,175 (11.1%) $350,708 (23.3%) 0.00 269
    2018-03-01 $229,900 (4.9%) $364,674 (21.9%) 0.00 289
    2018-04-01 $244,675 (2.0%) $361,881 (12.9%) 0.00 358
    2018-05-01 $245,750 (-0.7%) $351,871 (8.7%) 0.00 423
    2018-06-01 $259,000 (7.6%) $349,493 (9.4%) 0.00 478
    2018-07-01 $259,450 (12.8%) $336,653 (7.6%) 0.00 474
    2018-08-01 $262,750 (16.7%) $335,066 (7.7%) 0.00 462
    2018-09-01 $249,900 (11.1%) $323,163 (3.8%) 0.00 468
    2018-10-01 $249,900 (14.1%) $316,459 (2.0%) 0.00 434
    2018-11-01 $249,450 (15.2%) $316,032 (-1.9%) 0.00 353
    2018-12-01 $242,200 (11.7%) $309,160 (-6.6%) 0.00 293
    2019-01-01 $229,900 (5.9%) $281,050 (-17.9%) 0.00 222
    2019-02-01 $239,900 (9.5%) $303,541 (-13.5%) 0.00 217
    2019-03-01 $254,707 (10.8%) $321,753 (-11.8%) 0.00 244
    2019-04-01 $271,257 (10.9%) $340,536 (-5.9%) 0.00 276
    2019-05-01 $263,700 (7.3%) $343,469 (-2.4%) 0.00 357
    2019-06-01 $249,900 (-3.5%) $333,677 (-4.5%) 0.00 397
    2019-07-01 $261,200 (0.7%) $338,323 (0.5%) 0.00 388
    2019-08-01 $259,064 (-1.4%) $331,281 (-1.1%) 0.00 374
    2019-09-01 $253,909 (1.6%) $321,908 (-0.4%) 0.00 359
    2019-10-01 $249,900 (0.0%) $317,772 (0.4%) 0.00 337
    2019-11-01 $244,900 (-1.8%) $315,480 (-0.2%) 0.00 276
    2019-12-01 $241,150 (-0.4%) $297,205 (-3.9%) 0.00 213
    2020-01-01 $228,500 (-0.6%) $280,268 (-0.3%) 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 (3.3%) $349,155 (3.2%) 0.00 268
    2020-08-01 $269,900 (4.2%) $342,075 (3.3%) 0.00 250
    2020-09-01 $271,175 (6.8%) $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 (2.1%) 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%) $531,615 (23.4%) 0.00 152
    2023-06-01 $399,375 (27.1%) $522,280 (20.0%) 0.00 166
    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
    Fergus Falls's median listing price for 2023-08-01 was $409,500, a difference of $59,600 (17.0%) versus the prior year and $9,750 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 2023-08-01 was $498,603, a difference of $50,538 (11.3%) versus the prior year and $-2,348 versus the prior month.

    For the 2023-08-01 period, Fergus Falls had 225 MLS listings, a difference of 21 listings (10%) versus the prior month and 45 listings (25%) 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 1,741 sqft
    2018-02-01 0 days 1,736 sqft
    2018-03-01 0 days 1,810 sqft
    2018-04-01 0 days 1,866 sqft
    2018-05-01 0 days 1,859 sqft
    2018-06-01 0 days 1,900 sqft
    2018-07-01 0 days 1,930 sqft
    2018-08-01 0 days 1,997 sqft
    2018-09-01 0 days 2,000 sqft
    2018-10-01 0 days 2,015 sqft
    2018-11-01 0 days 2,057 sqft
    2018-12-01 0 days 2,005 sqft
    2019-01-01 0 days 1,980 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 1,909 sqft
    2019-08-01 0 days 1,893 sqft
    2019-09-01 0 days 1,883 sqft
    2019-10-01 0 days 1,876 sqft
    2019-11-01 0 days 1,872 sqft
    2019-12-01 0 days 1,859 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 1,628 sqft
    2021-02-01 0 days 1,782 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 1,934 sqft
    2021-08-01 0 days 1,996 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 1,964 sqft
    2023-06-01 0 days 2,016 sqft
    2023-07-01 0 days 1,898 sqft
    2023-08-01 0 days 1,971 sqft
    Fergus Falls's median listing age (time on market) for 2023-08-01 was 0 days.

    Fergus Falls's median square footage for active listings during the 2023-08-01 period was 1,971 sqft. One year prior, the average listing was 1,883 sqft.

    Fergus Falls, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 697 $188,025,000 $269,763
    Refi 294 $45,040,000 $153,197
    Cash Out Refi 194 $41,400,000 $213,402
    Other 127 $17,835,000 $140,433
    Home Improvement 91 $8,755,000 $96,209

    Fergus Falls's most frequently cited loan purpose was Home Purchase, with 697 originations. The 2nd most popular reason was Refi, with 294 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 341 $71,815,000 $210,601
    3-4% 334 $71,310,000 $213,503
    4-5% 332 $82,510,000 $248,524
    6-7% 141 $27,265,000 $193,369
    2.5-3% 94 $20,260,000 $215,532
    7-8% 34 $6,770,000 $199,118
    <2.5% 32 $4,710,000 $147,188
    Over 8% 10 $480,000 $48,000

    During 2022, Fergus Falls's most frequently originated rate bucket was 5-6%, with 341 originations.

    Loan Sizing (Fergus Falls, MN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 427 $63,545,000 $148,817
    $200k-400k 410 $112,190,000 $273,634
    $100,000 or less 387 $21,115,000 $54,561
    $400k-600k 122 $57,960,000 $475,082
    $600k-1000k 47 $33,235,000 $707,128
    $Over $1MM 10 $13,010,000 $1,301,000

    Fergus Falls's loan sizing saw the bucket of loans from $100k-200k with 427 originations, totaling $63,545,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 448 $114,080,000 $254,643
    60-80% 350 $103,650,000 $296,143
    Under 20% 182 $7,710,000 $42,363
    40-60% 179 $39,635,000 $221,425
    20-40% 156 $18,470,000 $118,397
    Over 100% 4 $1,050,000 $262,500

    Fergus Falls's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 448 originations, totaling $114,080,000 in origination value.