Garden City Mortgage Rates
30 Year Fixed Rate mortgages in Garden City averaged
6.12%
for the week of 2022-06-23, compared to the national average of
5.81% for the same period.
The average rate for the prior week (2022-06-16) was
5.99% and
one month ago for the week of 2022-05-19, the
average rate was 5.26%.
Garden City's average rate one year ago was 3.2%.
For refis of the same type during the week of 2022-06-23, the average rate
was 5.87%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-23 | 5.81% |
Garden City 30 Year Fixed Rate | 2022-06-23 | 6.12% |
Garden City 30 Year Fixed Rate Refi | 2022-06-23 | 5.87% |
Garden City 15 Year Fixed Rate | 2022-06-23 | 4.61% |
Garden City 15 Year Fixed Rate Refi | 2022-06-23 | 4.81% |
Garden City 30 Year FHA | 2022-06-23 | 0.01% |
Garden City 30 Year FHA Refi | 2022-06-23 | 0.17% |
Garden City 30 Year USDA | 2022-06-23 | -0.05% |
Garden City 30 Year USDA Refi | 2022-06-23 | -0.33% |
Garden City 30 Year VA | 2022-06-23 | 0.03% |
Garden City 30 Year VA Refi | 2022-06-23 | 0.11% |
Garden City Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Garden City, KS 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.).
Garden City, KS's 44 lenders originated 653
loans during 2021. The total origination value was $119,605,000, with an average loan value of
$183,162.
The top Garden City lender as defined by loan originations is GOLDEN PLAINS, with
98 loans originated. Their average total fees are
$1,452, which is $389
lower than the next largest lender,
Wells Fargo Bank.
The lowest fee Garden City lenders (with over 10 loans originated) are
GOLDEN PLAINS ($1,452), Landmark National Bank ($1,733), Wells Fargo Bank ($1,841), QUICKEN LOANS, LLC ($4,260) and .
The lowest rate Garden City lenders (with over 10 loans originated) are
GOLDEN PLAINS (2.96%), Landmark National Bank (2.98%), Wells Fargo Bank (3.15%), QUICKEN LOANS, LLC (3.17%) and .
Garden City, KS Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
GOLDEN PLAINS | $50,785,000 | $34,560,000 | -31.9% | 28.9% |
QUICKEN LOANS, LLC | $12,330,000 | $12,270,000 | -0.5% | 10.3% |
Capitol Federal Savings Bank | $11,315,000 | n/a | 9.5% | |
Landmark National Bank | $12,435,000 | $10,345,000 | -16.8% | 8.6% |
Wells Fargo Bank | $12,645,000 | $8,230,000 | -34.9% | 6.9% |
UNION HOME MORTGAGE CORP. | $3,540,000 | $5,480,000 | 54.8% | 4.6% |
GUARANTEED RATE, INC. | $4,005,000 | n/a | 3.3% | |
LOANDEPOT.COM, LLC | $435,000 | $2,225,000 | 411.5% | 1.9% |
Commerce Bank | $1,710,000 | $2,205,000 | 28.9% | 1.8% |
Adams Bank & Trust | $1,925,000 | n/a | 1.6% | |
FREEDOM MORTGAGE CORPORATION | $1,635,000 | $1,765,000 | 8.0% | 1.5% |
Mr. Cooper ( Nationstar Mortgage ) | $1,515,000 | $1,655,000 | 9.2% | 1.4% |
Mortgage Research Center, LLC | $1,535,000 | $1,650,000 | 7.5% | 1.4% |
FINANCE OF AMERICA MORTGAGE LLC | $410,000 | $1,610,000 | 292.7% | 1.3% |
PENNYMAC LOAN SERVICES, LLC | $1,255,000 | n/a | 1.0% | |
Bank of the West | $955,000 | $1,150,000 | 20.4% | 1.0% |
HOME POINT FINANCIAL CORPORATION | $125,000 | $985,000 | 688.0% | 0.8% |
NBKC BANK | $700,000 | $820,000 | 17.1% | 0.7% |
NEWREZ LLC | $35,000 | $765,000 | 2,085.7% | 0.6% |
First Mortgage Solutions, LLC | $735,000 | n/a | 0.6% | |
CALIBER HOME LOANS, INC. | $700,000 | n/a | 0.6% | |
BETTER MORTGAGE CORPORATION | $625,000 | n/a | 0.5% | |
Bank of America | $85,000 | $575,000 | 576.5% | 0.5% |
Carrington Mortgage Services, LLC | $215,000 | $525,000 | 144.2% | 0.4% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $490,000 | n/a | 0.4% | |
GUILD MORTGAGE COMPANY | $460,000 | n/a | 0.4% | |
FLAT BRANCH MORTGAGE, INC. | $235,000 | $450,000 | 91.5% | 0.4% |
AMERICAN FINANCING CORPORATION | $380,000 | $430,000 | 13.2% | 0.4% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $680,000 | $400,000 | -41.2% | 0.3% |
CMG MORTGAGE, INC. | $145,000 | $390,000 | 169.0% | 0.3% |
CROSSCOUNTRY MORTGAGE, LLC | $380,000 | n/a | 0.3% | |
NAVY FEDERAL CREDIT UNION | $450,000 | $375,000 | -16.7% | 0.3% |
BROKER SOLUTIONS, INC. | $195,000 | $370,000 | 89.7% | 0.3% |
SOFI LENDING CORP. | $345,000 | n/a | 0.3% | |
AMERISAVE MORTGAGE CORPORATION | $295,000 | $340,000 | 15.3% | 0.3% |
Farmers State Bank of Alto Pass | $305,000 | n/a | 0.3% | |
Fidelity Bank | $285,000 | n/a | 0.2% | |
Trinity Oaks Mortgage, LLC | $285,000 | n/a | 0.2% | |
21ST MORTGAGE CORPORATION | $155,000 | $280,000 | 80.6% | 0.2% |
Deere Employees Credit Union | $280,000 | n/a | 0.2% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $340,000 | $265,000 | -22.1% | 0.2% |
USAA Federal Savings Bank | $500,000 | $265,000 | -47.0% | 0.2% |
PANORAMA MORTGAGE GROUP, LLC | $255,000 | n/a | 0.2% | |
MERITRUST Federal Credit Union | $260,000 | $245,000 | -5.8% | 0.2% |
NBH Bank | $125,000 | $245,000 | 96.0% | 0.2% |
Barrington Bank & Trust Company, N.A. | $565,000 | $235,000 | -58.4% | 0.2% |
PHH Mortgage Corporation | $235,000 | n/a | 0.2% | |
BMO Harris Bank | $225,000 | n/a | 0.2% | |
Colonial Savings, F.A. | $225,000 | n/a | 0.2% | |
JPMorgan Chase Bank | $855,000 | $215,000 | -74.9% | 0.2% |
Citibank | $205,000 | n/a | 0.2% | |
Union Bank and Trust Company | $205,000 | n/a | 0.2% | |
ACCELERATE MORTGAGE, LLC | $195,000 | n/a | 0.2% | |
S1L, Inc. | $195,000 | n/a | 0.2% | |
United Fidelity Funding Corp. | $205,000 | $195,000 | -4.9% | 0.2% |
U.S. Bank | $605,000 | $190,000 | -68.6% | 0.2% |
HEARTLAND CREDIT UNION | $185,000 | n/a | 0.2% | |
ASSEMBLIES OF GOD Credit Union | $165,000 | n/a | 0.1% | |
The Bennington State Bank | $165,000 | n/a | 0.1% | |
Deseret First Credit Union | $155,000 | n/a | 0.1% | |
Independent Bank | $155,000 | n/a | 0.1% | |
UMB Bank | $155,000 | n/a | 0.1% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $155,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $565,000 | $155,000 | -72.6% | 0.1% |
ENDEAVOR CAPITAL, LLC. | $145,000 | n/a | 0.1% | |
The Federal Savings Bank | $145,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $135,000 | n/a | 0.1% | |
Flagstar Bank, FSB | $135,000 | n/a | 0.1% | |
Chicago Mortgage Solutions LLC | $125,000 | n/a | 0.1% | |
HOMESIDE FINANCIAL, LLC | $230,000 | $125,000 | -45.7% | 0.1% |
Nations Lending Corporation | $125,000 | n/a | 0.1% | |
Figure Lending LLC | $95,000 | n/a | 0.1% | |
CHURCHILL MORTGAGE CORPORATION | $245,000 | $85,000 | -65.3% | 0.1% |
LOANPAL, LLC | $85,000 | n/a | 0.1% | |
Equity Bank | $885,000 | $75,000 | -91.5% | 0.1% |
KANSAS STATE UNIVERSITY Federal Credit Union | $75,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $415,000 | $75,000 | -81.9% | 0.1% |
RUOFF MORTGAGE COMPANY, INC. | $55,000 | n/a | 0.0% |
Garden City's top lender by overall market share is GOLDEN PLAINS, with 28.9% market share. In second place, with 10.3%, is QUICKEN LOANS, LLC, having originated $12,270,000 in loans. In third place, with 9.5%, is Capitol Federal Savings Bank, having originated $11,315,000 in loans. In third place, with 8.6%, is Landmark National Bank, having originated $10,345,000 in loans. In third place, with 6.9%, is Wells Fargo Bank, having originated $8,230,000 in loans.
Garden City, KS Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 300 | $58,540,000 | $195,133 |
Refi | 196 | $43,800,000 | $223,469 |
Cash Out Refi | 108 | $14,960,000 | $138,519 |
Other | 28 | $1,240,000 | $44,286 |
Home Improvement | 21 | $1,065,000 | $50,714 |
Garden City's most frequently cited loan purpose was Home Purchase, with 300 originations. The 2nd most popular reason was Refi, with 196 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 274 | $49,940,000 | $182,263 |
<2.5% | 167 | $26,385,000 | $157,994 |
3-4% | 157 | $36,905,000 | $235,064 |
5-6% | 30 | $1,760,000 | $58,667 |
4-5% | 18 | $3,740,000 | $207,778 |
Over 8% | 3 | $155,000 | $51,667 |
6-7% | 2 | $250,000 | $125,000 |
During 2021, Garden City's most frequently originated rate bucket was 2.5-3%, with 274 originations.
Loan Sizing (Garden City, KS MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 322 | $49,270,000 | $153,012 |
$200k-400k | 187 | $47,115,000 | $251,952 |
$100,000 or less | 137 | $8,555,000 | $62,445 |
$400k-600k | 4 | $1,820,000 | $455,000 |
$600k-1000k | 2 | $1,530,000 | $765,000 |
$Over $1MM | 1 | $11,315,000 | $11,315,000 |
Garden City's loan sizing saw the bucket of loans from $100k-200k with 322 originations, totaling $49,270,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 306 | $71,960,000 | $235,163 |
60-80% | 192 | $30,470,000 | $158,698 |
40-60% | 64 | $8,870,000 | $138,594 |
20-40% | 36 | $2,640,000 | $73,333 |
Under 20% | 28 | $710,000 | $25,357 |
Over 100% | 5 | $1,015,000 | $203,000 |
Garden City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 306 originations, totaling $71,960,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Garden City (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 | $210,000 (-2.2%) | $242,130 (2.8%) | 0.00 | 75 |
2018-02-01 | $213,750 (-0.4%) | $251,029 (2.2%) | 0.00 | 72 |
2018-03-01 | $215,000 (-4.0%) | $254,156 (1.8%) | 0.00 | 70 |
2018-04-01 | $213,450 (-0.7%) | $248,634 (-0.4%) | 0.00 | 68 |
2018-05-01 | $217,250 (-0.3%) | $251,367 (-4.2%) | 0.00 | 74 |
2018-06-01 | $215,000 (-1.7%) | $247,429 (-5.4%) | 0.00 | 77 |
2018-07-01 | $219,500 (-1.4%) | $256,056 (-5.5%) | 0.00 | 78 |
2018-08-01 | $219,500 (-4.0%) | $253,337 (-3.7%) | 0.00 | 69 |
2018-09-01 | $219,900 (-2.3%) | $262,799 (2.2%) | 0.00 | 66 |
2018-10-01 | $219,950 (0.2%) | $257,532 (1.6%) | 0.00 | 74 |
2018-11-01 | $229,900 (5.7%) | $265,960 (6.0%) | 0.00 | 71 |
2018-12-01 | $229,500 (4.8%) | $253,656 (-0.3%) | 0.00 | 75 |
2019-01-01 | $194,500 (-7.4%) | $236,984 (-2.1%) | 0.00 | 76 |
2019-02-01 | $215,500 (0.8%) | $244,479 (-2.6%) | 0.00 | 70 |
2019-03-01 | $220,214 (2.4%) | $250,984 (-1.3%) | 0.00 | 66 |
2019-04-01 | $214,250 (0.4%) | $240,606 (-3.2%) | 0.00 | 71 |
2019-05-01 | $202,250 (-6.9%) | $225,808 (-10.2%) | 0.00 | 91 |
2019-06-01 | $194,500 (-9.5%) | $232,014 (-6.2%) | 0.00 | 88 |
2019-07-01 | $210,250 (-4.2%) | $269,482 (5.2%) | 0.00 | 93 |
2019-08-01 | $223,000 (1.6%) | $270,093 (6.6%) | 0.00 | 90 |
2019-09-01 | $237,950 (8.2%) | $268,182 (2.1%) | 0.00 | 91 |
2019-10-01 | $249,900 (13.6%) | $273,435 (6.2%) | 0.00 | 100 |
2019-11-01 | $245,000 (6.6%) | $250,760 (-5.7%) | 0.00 | 97 |
2019-12-01 | $237,450 (3.5%) | $241,946 (-4.6%) | 0.00 | 90 |
2020-01-01 | $234,950 (20.8%) | $239,392 (1.0%) | 0.00 | 84 |
2020-02-01 | $217,900 (1.1%) | $233,348 (-4.6%) | 0.00 | 68 |
2020-03-01 | $215,450 (-2.2%) | $231,579 (-7.7%) | 0.00 | 70 |
2020-04-01 | $196,400 (-8.3%) | $226,325 (-5.9%) | 0.00 | 73 |
2020-05-01 | $215,000 (6.3%) | $238,867 (5.8%) | 0.00 | 69 |
2020-06-01 | $226,500 (16.5%) | $246,618 (6.3%) | 0.00 | 57 |
2020-07-01 | $239,500 (13.9%) | $246,874 (-8.4%) | 0.00 | 46 |
2020-08-01 | $265,000 (18.8%) | $267,858 (-0.8%) | 0.00 | 39 |
2020-09-01 | $239,900 (0.8%) | $257,287 (-4.1%) | 0.00 | 41 |
2020-10-01 | $244,900 (-2.0%) | $263,594 (-3.6%) | 0.00 | 40 |
2020-11-01 | $245,450 (0.2%) | $276,475 (10.3%) | 0.00 | 45 |
2020-12-01 | $224,700 (-5.4%) | $247,388 (2.3%) | 0.00 | 54 |
2021-01-01 | $229,900 (-2.2%) | $256,909 (7.3%) | 0.00 | 49 |
2021-02-01 | $245,000 (12.4%) | $266,148 (14.1%) | 0.00 | 47 |
2021-03-01 | $249,900 (16.0%) | $276,833 (19.5%) | 0.00 | 35 |
2021-04-01 | $244,900 (24.7%) | $269,304 (19.0%) | 0.00 | 26 |
2021-05-01 | $245,000 (14.0%) | $263,185 (10.2%) | 0.00 | 24 |
2021-06-01 | $244,500 (8.0%) | $246,775 (0.1%) | 0.00 | 19 |
2021-07-01 | $250,950 (4.8%) | $273,694 (10.9%) | 0.00 | 31 |
2021-08-01 | $229,950 (-13.2%) | $272,569 (1.8%) | 0.00 | 34 |
2021-09-01 | $227,000 (-5.4%) | $280,766 (9.1%) | 0.00 | 31 |
2021-10-01 | $220,000 (-10.2%) | $273,373 (3.7%) | 0.00 | 29 |
2021-11-01 | $220,000 (-10.4%) | $276,279 (-0.1%) | 0.00 | 30 |
2021-12-01 | $223,450 (-0.6%) | $277,900 (12.3%) | 0.00 | 28 |
2022-01-01 | $189,900 (-17.4%) | $267,446 (4.1%) | 0.00 | 31 |
2022-02-01 | $248,500 (1.4%) | $279,675 (5.1%) | 0.00 | 31 |
2022-03-01 | $252,450 (1.0%) | $276,879 (0.0%) | 0.00 | 28 |
2022-04-01 | $262,000 (7.0%) | $277,297 (3.0%) | 0.00 | 30 |
2022-05-01 | $259,000 (5.7%) | $296,937 (12.8%) | 0.00 | 34 |
Garden City's median listing price comes in at 0% of the national average.
Garden City's average listing price for 2022-05-01 was $296,937, a difference of $33,752 (12.8%) versus the prior year and $19,640 versus the prior month.
For the 2022-05-01 period, Garden City had 34 MLS listings, a difference of 4 listings (13%) versus the prior month and 10 listings (42%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Garden City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,471 sqft |
2018-02-01 | 0 days | 1,430 sqft |
2018-03-01 | 0 days | 1,421 sqft |
2018-04-01 | 0 days | 1,400 sqft |
2018-05-01 | 0 days | 1,452 sqft |
2018-06-01 | 0 days | 1,480 sqft |
2018-07-01 | 0 days | 1,512 sqft |
2018-08-01 | 0 days | 1,511 sqft |
2018-09-01 | 0 days | 1,535 sqft |
2018-10-01 | 0 days | 1,535 sqft |
2018-11-01 | 0 days | 1,633 sqft |
2018-12-01 | 0 days | 1,709 sqft |
2019-01-01 | 0 days | 1,424 sqft |
2019-02-01 | 0 days | 1,483 sqft |
2019-03-01 | 0 days | 1,553 sqft |
2019-04-01 | 0 days | 1,536 sqft |
2019-05-01 | 0 days | 1,382 sqft |
2019-06-01 | 0 days | 1,425 sqft |
2019-07-01 | 0 days | 1,536 sqft |
2019-08-01 | 0 days | 1,536 sqft |
2019-09-01 | 0 days | 1,479 sqft |
2019-10-01 | 0 days | 1,422 sqft |
2019-11-01 | 0 days | 1,430 sqft |
2019-12-01 | 0 days | 1,406 sqft |
2020-01-01 | 0 days | 1,386 sqft |
2020-02-01 | 0 days | 1,421 sqft |
2020-03-01 | 0 days | 1,386 sqft |
2020-04-01 | 0 days | 1,372 sqft |
2020-05-01 | 0 days | 1,383 sqft |
2020-06-01 | 0 days | 1,413 sqft |
2020-07-01 | 0 days | 1,473 sqft |
2020-08-01 | 0 days | 1,589 sqft |
2020-09-01 | 0 days | 1,553 sqft |
2020-10-01 | 0 days | 1,516 sqft |
2020-11-01 | 0 days | 1,533 sqft |
2020-12-01 | 0 days | 1,357 sqft |
2021-01-01 | 0 days | 1,353 sqft |
2021-02-01 | 0 days | 1,465 sqft |
2021-03-01 | 0 days | 1,542 sqft |
2021-04-01 | 0 days | 1,496 sqft |
2021-05-01 | 0 days | 1,400 sqft |
2021-06-01 | 0 days | 1,366 sqft |
2021-07-01 | 0 days | 1,358 sqft |
2021-08-01 | 0 days | 1,336 sqft |
2021-09-01 | 0 days | 1,365 sqft |
2021-10-01 | 0 days | 1,471 sqft |
2021-11-01 | 0 days | 1,385 sqft |
2021-12-01 | 0 days | 1,349 sqft |
2022-01-01 | 0 days | 1,349 sqft |
2022-02-01 | 0 days | 1,517 sqft |
2022-03-01 | 0 days | 1,443 sqft |
2022-04-01 | 0 days | 1,506 sqft |
2022-05-01 | 0 days | 1,367 sqft |
Garden City's median square footage for active listings during the 2022-05-01 period was 1,367 sqft. One year prior, the average listing was 1,400 sqft.