Glasgow Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Glasgow averaged
6.8%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.73% and
one month ago for the week of 2024-10-03, the
average rate was 6.43%.
Glasgow's average rate one year ago was 7.77%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.39%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Glasgow 30 Year Fixed Rate | 2024-11-07 | 6.8% |
| Glasgow 30 Year Fixed Rate Refi | 2024-11-07 | 7.39% |
| Glasgow 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Glasgow 15 Year Fixed Rate Refi | 2024-11-07 | 6.6% |
| Glasgow 30 Year FHA | 2024-11-07 | 6.36% |
| Glasgow 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Glasgow 30 Year USDA | 2024-11-07 | 6.38% |
| Glasgow 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Glasgow 30 Year VA | 2024-11-07 | 6.44% |
| Glasgow 30 Year VA Refi | 2024-11-07 | 6.34% |
Glasgow 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 Glasgow, KY 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.).
Glasgow Average Closing Costs & Other Stats
Glasgow, KY's 50 lenders originated 1,045
loans during 2023. The total origination value was $153,955,000, with an average loan value of
$147,325.
Glasgow's average closing costs are $4,115.
The top Glasgow lender as defined by loan originations is Edmonton State Bank, with
104 loans originated. Their average total fees are
$2,991, which is $291
higher than the next largest lender,
SOUTH CENTRAL BANK, INC..
The lowest fee Glasgow lenders (with over 10 loans originated) are
SOUTH CENTRAL BANK, INC. ($2,699), Edmonton State Bank ($2,991), QUICKEN LOANS, LLC ($5,551), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($6,059) and .
The lowest rate Glasgow lenders (with over 10 loans originated) are
SOUTH CENTRAL BANK, INC. (6.85%), QUICKEN LOANS, LLC (7.02%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (7.10%), Edmonton State Bank (7.18%) and .
Glasgow, KY 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 |
|---|---|---|---|---|
| Edmonton State Bank | $35,500,000 | $34,155,000 | -3.8% | 22.2% |
| SOUTH CENTRAL BANK, INC. | $30,380,000 | $24,925,000 | -18.0% | 16.2% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $6,625,000 | $9,750,000 | 47.2% | 6.3% |
| STOCKTON MORTGAGE CORPORATION | $4,045,000 | $6,630,000 | 63.9% | 4.3% |
| QUICKEN LOANS, LLC | $9,775,000 | $4,495,000 | -54.0% | 2.9% |
| ROSS MORTGAGE CORPORATION | $5,655,000 | $4,460,000 | -21.1% | 2.9% |
| EVANSVILLE TEACHERS | $3,980,000 | $4,085,000 | 2.6% | 2.7% |
| German American Bank | $10,220,000 | $3,990,000 | -61.0% | 2.6% |
| U.S. Bank | $4,240,000 | $3,795,000 | -10.5% | 2.5% |
| Mortgage Research Center, LLC | $4,505,000 | $3,700,000 | -17.9% | 2.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,865,000 | $3,100,000 | 8.2% | 2.0% |
| Abound Federal Credit Union | $3,685,000 | $2,645,000 | -28.2% | 1.7% |
| Century Mortgage Company DBA Century Lending Company | $1,965,000 | $2,295,000 | 16.8% | 1.5% |
| RUOFF MORTGAGE COMPANY, INC. | $1,115,000 | $2,035,000 | 82.5% | 1.3% |
| 21ST MORTGAGE CORPORATION | $945,000 | $1,930,000 | 104.2% | 1.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,835,000 | $1,930,000 | -31.9% | 1.3% |
| Truist | $1,550,000 | $1,550,000 | 0.0% | 1.0% |
| NAVY FEDERAL CREDIT UNION | $1,040,000 | $1,545,000 | 48.6% | 1.0% |
| Farm Credit Mid-America, ACA | $3,060,000 | $1,530,000 | -50.0% | 1.0% |
| First Financial Bank | $280,000 | $1,380,000 | 392.9% | 0.9% |
| The Cecilian Bank | $1,240,000 | $1,355,000 | 9.3% | 0.9% |
| SERVICE ONE | $2,160,000 | $1,340,000 | -38.0% | 0.9% |
| HOMESIDE FINANCIAL, LLC | $1,330,000 | n/a | 0.9% | |
| The Monticello Banking Company | $1,010,000 | $1,305,000 | 29.2% | 0.8% |
| Citizens Bank | $2,280,000 | $1,210,000 | -46.9% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $685,000 | $1,150,000 | 67.9% | 0.7% |
| Magnolia Bank | $1,480,000 | $1,110,000 | -25.0% | 0.7% |
| Peoples Bank | $1,100,000 | n/a | 0.7% | |
| EVERETT FINANCIAL, INC. | $2,600,000 | $1,045,000 | -59.8% | 0.7% |
| Fifth Third Bank | $130,000 | $1,035,000 | 696.2% | 0.7% |
| BROKER SOLUTIONS, INC. | $535,000 | $870,000 | 62.6% | 0.6% |
| Bank of Edmonson County | $1,195,000 | $785,000 | -34.3% | 0.5% |
| GENEVA FINANCIAL, LLC | $920,000 | $685,000 | -25.5% | 0.4% |
| USAA Federal Savings Bank | $1,680,000 | $665,000 | -60.4% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $920,000 | $635,000 | -31.0% | 0.4% |
| American Bank & Trust Company, Inc. | $790,000 | $630,000 | -20.3% | 0.4% |
| Limestone Bank, Inc. | $2,770,000 | $625,000 | -77.4% | 0.4% |
| Northpointe Bank | $600,000 | n/a | 0.4% | |
| JPMorgan Chase Bank | $705,000 | $545,000 | -22.7% | 0.4% |
| Farmers Bank and Trust Company | $1,205,000 | $540,000 | -55.2% | 0.4% |
| Morgantown Bank & Trust Company, Incorporated | $75,000 | $515,000 | 586.7% | 0.3% |
| Franklin Bank & Trust Company | $670,000 | $495,000 | -26.1% | 0.3% |
| Stock Yards Bank & Trust Company | $495,000 | n/a | 0.3% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $960,000 | $475,000 | -50.5% | 0.3% |
| PLANET HOME LENDING, LLC | $165,000 | $460,000 | 178.8% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,200,000 | $450,000 | -79.5% | 0.3% |
| FIRST COMMUNITY MORTGAGE, INC. | $435,000 | n/a | 0.3% | |
| MOVEMENT MORTGAGE, LLC | $405,000 | n/a | 0.3% | |
| CROSSCOUNTRY MORTGAGE, LLC | $195,000 | $380,000 | 94.9% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $375,000 | n/a | 0.2% | |
| FirstBank | $1,855,000 | $345,000 | -81.4% | 0.2% |
| Forcht Bank | $395,000 | $330,000 | -16.5% | 0.2% |
| The Huntington National Bank | $1,045,000 | $325,000 | -68.9% | 0.2% |
| WesBanco | $305,000 | n/a | 0.2% | |
| First Federal Savings Bank | $295,000 | n/a | 0.2% | |
| UNION HOME MORTGAGE CORP. | $295,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $290,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $365,000 | $290,000 | -20.5% | 0.2% |
| Regions Bank | $280,000 | n/a | 0.2% | |
| NEWREZ LLC | $455,000 | $270,000 | -40.7% | 0.2% |
| GUARANTEED RATE, INC. | $265,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $145,000 | $265,000 | 82.8% | 0.2% |
| Bank of Tennessee | $255,000 | n/a | 0.2% | |
| Plains Commerce Bank | $205,000 | $255,000 | 24.4% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $255,000 | n/a | 0.2% | |
| VILLAGE CAPITAL MORTGAGE | $85,000 | $255,000 | 200.0% | 0.2% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $245,000 | n/a | 0.2% | |
| Community Trust Bank, Inc. | $700,000 | $235,000 | -66.4% | 0.2% |
| Centra Credit Union | $230,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $230,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $225,000 | n/a | 0.1% | |
| West Point Bank | $220,000 | n/a | 0.1% | |
| Republic State Mortgage Co. | $75,000 | $215,000 | 186.7% | 0.1% |
| Flagstar Bank, FSB | $270,000 | $205,000 | -24.1% | 0.1% |
| FREEDOM MORTGAGE CORPORATION | $845,000 | $185,000 | -78.1% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $245,000 | $185,000 | -24.5% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $675,000 | $185,000 | -72.6% | 0.1% |
| Servion, Inc. | $180,000 | n/a | 0.1% | |
| SeaTrust Mortgage Company | $175,000 | n/a | 0.1% | |
| NATIONS DIRECT MORTGAGE, LLC | $165,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $165,000 | n/a | 0.1% | |
| UNIVERSITY OF KENTUCKY | $25,000 | $165,000 | 560.0% | 0.1% |
| Wells Fargo Bank | $370,000 | $160,000 | -56.8% | 0.1% |
| COMMONWEALTH | $155,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $155,000 | n/a | 0.1% | |
| ENDEAVOR CAPITAL, LLC. | $145,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $310,000 | $145,000 | -53.2% | 0.1% |
| Bank of Buffalo | $135,000 | n/a | 0.1% | |
| Ameris Bank | $115,000 | n/a | 0.1% | |
| First Financial Bank | $280,000 | $115,000 | -58.9% | 0.1% |
| PNC Bank | $1,000,000 | $110,000 | -89.0% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $105,000 | n/a | 0.1% | |
| FIRST COLONY MORTGAGE CORPORATION | $95,000 | n/a | 0.1% | |
| Meade County Bank | $95,000 | n/a | 0.1% | |
| Volunteer State Bank | $95,000 | n/a | 0.1% | |
| Citizens Bank of Lafayette | $90,000 | n/a | 0.1% | |
| Coastal Community Bank | $85,000 | n/a | 0.1% | |
| Cumberland Valley National Bank & Trust Company | $85,000 | n/a | 0.1% | |
| LOANDEPOT.COM, LLC | $1,120,000 | $85,000 | -92.4% | 0.1% |
| PHH Mortgage Corporation | $85,000 | n/a | 0.1% | |
| Pinnacle Bank | $75,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $160,000 | $75,000 | -53.1% | 0.0% |
| SPRING EQ, LLC | $45,000 | $75,000 | 66.7% | 0.0% |
| The Farmers Bank | $155,000 | $75,000 | -51.6% | 0.0% |
| Discover Bank | $75,000 | $45,000 | -40.0% | 0.0% |
| PARK COMMUNITY CREDIT UNION, INC. | $125,000 | $45,000 | -64.0% | 0.0% |
| Southwest Airlines Federal Credit Union | $45,000 | n/a | 0.0% |
Glasgow's top lender by overall market share is Edmonton State Bank, with 22.2% market share. In second place, with 16.2%, is SOUTH CENTRAL BANK, INC., having originated $24,925,000 in loans. In third place, with 6.3%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $9,750,000 in loans. In fourth place, with 4.3%, is STOCKTON MORTGAGE CORPORATION, having originated $6,630,000 in loans. In fifth place, with 2.9%, is QUICKEN LOANS, LLC, having originated $4,495,000 in loans.
Glasgow, KY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 581 | $101,385,000 | $174,501 |
| Refi | 162 | $21,120,000 | $130,370 |
| Home Improvement | 127 | $9,275,000 | $73,031 |
| Cash Out Refi | 89 | $13,565,000 | $152,416 |
| Other | 86 | $8,610,000 | $100,116 |
Glasgow's most frequently cited loan purpose was Home Purchase, with 581 originations. The 2nd most popular reason was Refi, with 162 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 371 | $63,515,000 | $171,199 |
| 7-8% | 326 | $51,040,000 | $156,564 |
| Over 8% | 206 | $18,170,000 | $88,204 |
| 5-6% | 72 | $14,090,000 | $195,694 |
| <2.5% | 18 | $1,500,000 | $83,333 |
| 3-4% | 18 | $230,000 | $12,778 |
| 4-5% | 3 | $535,000 | $178,333 |
During 2023, Glasgow's most frequently originated rate bucket was 6-7%, with 371 originations.
Loan Sizing (Glasgow, KY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 405 | $59,185,000 | $146,136 |
| $100,000 or less | 394 | $21,680,000 | $55,025 |
| $200k-400k | 221 | $57,825,000 | $261,652 |
| $400k-600k | 20 | $9,360,000 | $468,000 |
| $Over $1MM | 3 | $4,615,000 | $1,538,333 |
| $600k-1000k | 2 | $1,290,000 | $645,000 |
Glasgow's loan sizing saw the bucket of loans from $100k-200k with 405 originations, totaling $59,185,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 365 | $72,565,000 | $198,808 |
| 20-40% | 197 | $16,815,000 | $85,355 |
| 60-80% | 169 | $30,765,000 | $182,041 |
| Under 20% | 132 | $5,250,000 | $39,773 |
| 40-60% | 123 | $18,685,000 | $151,911 |
| Over 100% | 26 | $4,510,000 | $173,462 |
Glasgow's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 365 originations, totaling $72,565,000 in origination value.