Fergus Falls Mortgage Rates & Closing Costs
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% |
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 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. LouisDate | 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 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. LouisDate | 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 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.