Greenwood 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 Greenwood averaged 6.7% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.88% and one month ago for the week of 2023-02-16, the average rate was 6.6%.

    Greenwood's average rate one year ago was 3.91%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.53%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Greenwood 30 Year Fixed Rate 2023-03-23 6.7%
    Greenwood 30 Year Fixed Rate Refi 2023-03-23 6.53%
    Greenwood 15 Year Fixed Rate 2023-03-23 6.97%
    Greenwood 15 Year Fixed Rate Refi 2023-03-23 6.23%
    Greenwood 30 Year FHA 2023-03-23 6.44%
    Greenwood 30 Year FHA Refi 2023-03-23 6.32%
    Greenwood 30 Year USDA 2023-03-23 6.27%
    Greenwood 30 Year VA 2023-03-23 6.59%
    Greenwood 30 Year VA Refi 2023-03-23 5.98%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Greenwood, MS.

    Greenwood 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 Greenwood, MS 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
    GMFS LLC 8 5.48% $4,642
    QUICKEN LOANS, LLC 8 5.22% $6,469
    Trustmark National Bank 7 4.48% $3,269
    BankPlus 5 4.09% $3,342
    BancorpSouth Bank 5 5.78% $3,524
    Regions Bank 5 5.50% $3,458
    Renasant Bank 4 4.06% $3,862
    UNITED WHOLESALE MORTGAGE, LLC 4 5.04% $6,890
    Flagstar Bank, FSB 3 4.79% $4,502
    AmeriHome Mortgage Company, LLC 2 5.12% $4,417
    HOME POINT FINANCIAL CORPORATION 1 5.50% $4,360
    HOPE FEDERAL CREDIT UNION 1 5.50% $4,180
    LOANDEPOT.COM, LLC 1 3.25% $5,729
    MORTGAGE INVESTORS GROUP, INC. 1 5.50% $3,173
    Mortgage Research Center, LLC 1 5.75% $5,113
    Origin Bank 1 5.25% $511
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.13% $5,371
    EVERETT FINANCIAL, INC. 1 6.50% $1,977
    CRESCENT MORTGAGE COMPANY 1 4.63% $4,112
    ROYAL UNITED MORTGAGE LLC 1 6.13% $7,604
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 4.00% $4,206
    UNION HOME MORTGAGE CORP. 1 3.38% $4,773
    AMERISAVE MORTGAGE CORPORATION 1 4.13% $2,308

    Greenwood Average Closing Costs & Other Stats

    Greenwood, MS's 23 lenders originated 309 loans during 2022. The total origination value was $42,585,000, with an average loan value of $137,816.

    Greenwood's average closing costs are $4,308.

    The top Greenwood lender as defined by loan originations is GMFS LLC, with 8 loans originated. Their average total fees are $4,642, which is $1,827 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Greenwood lenders (with over 10 loans originated) are .

    The lowest rate Greenwood lenders (with over 10 loans originated) are .

    Greenwood, MS 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
    Planters Bank & Trust Company $3,520,000 $4,305,000 22.3% 10.1%
    Trustmark National Bank $6,370,000 $4,265,000 -33.0% 10.0%
    GMFS LLC $310,000 $4,065,000 1,211.3% 9.5%
    BankPlus $1,595,000 $3,420,000 114.4% 8.0%
    QUICKEN LOANS, LLC $6,845,000 $2,785,000 -59.3% 6.5%
    Renasant Bank $2,085,000 $2,635,000 26.4% 6.2%
    Regions Bank $3,765,000 $2,375,000 -36.9% 5.6%
    UNITED WHOLESALE MORTGAGE, LLC $1,780,000 $1,555,000 -12.6% 3.7%
    Guaranty Bank and Trust Company $4,815,000 $1,100,000 -77.2% 2.6%
    BancorpSouth Bank $995,000 $1,095,000 10.1% 2.6%
    Mortgage Research Center, LLC $1,630,000 $1,025,000 -37.1% 2.4%
    PriorityOne Bank $3,995,000 $885,000 -77.8% 2.1%
    AmeriHome Mortgage Company, LLC $865,000 n/a 2.0%
    CB&S Bank, Inc. $1,155,000 $760,000 -34.2% 1.8%
    MICHIGAN MUTUAL, INC. $1,265,000 $710,000 -43.9% 1.7%
    AMERISAVE MORTGAGE CORPORATION $1,180,000 $685,000 -41.9% 1.6%
    Origin Bank $450,000 $585,000 30.0% 1.4%
    MORTGAGE INVESTORS GROUP, INC. $300,000 $505,000 68.3% 1.2%
    Mr. Cooper ( Nationstar Mortgage ) $385,000 $485,000 26.0% 1.1%
    21ST MORTGAGE CORPORATION $440,000 $460,000 4.5% 1.1%
    Community Bank of Mississippi $190,000 $445,000 134.2% 1.0%
    LOANDEPOT.COM, LLC $760,000 $410,000 -46.1% 1.0%
    FREEDOM MORTGAGE CORPORATION $1,165,000 $400,000 -65.7% 0.9%
    NEWREZ LLC $75,000 $400,000 433.3% 0.9%
    Flagstar Bank, FSB $585,000 $375,000 -35.9% 0.9%
    PREMIA MORTGAGE, LLC $355,000 n/a 0.8%
    COUNTRYPLACE MORTGAGE, LTD. $335,000 n/a 0.8%
    Barrington Bank & Trust Company, N.A. $115,000 $280,000 143.5% 0.7%
    PENNYMAC LOAN SERVICES, LLC $580,000 $280,000 -51.7% 0.7%
    SOUTHWEST STAGE FUNDING, LLC $255,000 $265,000 3.9% 0.6%
    First Financial Bank $235,000 n/a 0.6%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $125,000 $225,000 80.0% 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $210,000 n/a 0.5%
    HOPE FEDERAL CREDIT UNION $645,000 $210,000 -67.4% 0.5%
    EVERETT FINANCIAL, INC. $205,000 n/a 0.5%
    HOME POINT FINANCIAL CORPORATION $165,000 $195,000 18.2% 0.5%
    BAYSHORE MORTGAGE FUNDING, LLC $175,000 n/a 0.4%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,025,000 $155,000 -84.9% 0.4%
    FIRST COMMUNITY MORTGAGE, INC. $155,000 n/a 0.4%
    LAKEVIEW LOAN SERVICING, LLC $155,000 n/a 0.4%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $135,000 $145,000 7.4% 0.3%
    OPEN MORTGAGE, LLC $75,000 $135,000 80.0% 0.3%
    Southern Bancorp Bank $125,000 $135,000 8.0% 0.3%
    CRESCENT MORTGAGE COMPANY $1,355,000 $125,000 -90.8% 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $420,000 $125,000 -70.2% 0.3%
    INTERLINC MORTGAGE SERVICES, LLC $435,000 $125,000 -71.3% 0.3%
    UNION HOME MORTGAGE CORP. $125,000 n/a 0.3%
    Wells Fargo Bank $740,000 $125,000 -83.1% 0.3%
    EMBRACE HOME LOANS, INC. $175,000 $115,000 -34.3% 0.3%
    USAA Federal Savings Bank $75,000 $115,000 53.3% 0.3%
    CALIBER HOME LOANS, INC. $480,000 $105,000 -78.1% 0.2%
    CHEVRON $95,000 n/a 0.2%
    LIMA ONE CAPITAL, LLC $95,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $170,000 $95,000 -44.1% 0.2%
    Carrington Mortgage Services, LLC $230,000 $65,000 -71.7% 0.2%
    Bank of America $45,000 n/a 0.1%
    Centra Credit Union $45,000 n/a 0.1%
    JPMorgan Chase Bank $35,000 n/a 0.1%

    Greenwood's top lender by overall market share is Planters Bank & Trust Company, with 10.1% market share. In second place, with 10.0%, is Trustmark National Bank, having originated $4,265,000 in loans. In third place, with 9.5%, is GMFS LLC, having originated $4,065,000 in loans. In fourth place, with 8.0%, is BankPlus, having originated $3,420,000 in loans. In fifth place, with 6.5%, is QUICKEN LOANS, LLC, having originated $2,785,000 in loans.

    Greenwood Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Greenwood (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 $104,775 (-2.4%) $159,245 (1.4%) 0.00 127
    2018-02-01 $99,750 (-0.2%) $154,067 (3.9%) 0.00 130
    2018-03-01 $99,500 (-0.4%) $157,693 (7.6%) 0.00 133
    2018-04-01 $104,775 (3.7%) $153,737 (0.3%) 0.00 142
    2018-05-01 $112,000 (11.7%) $151,979 (-2.1%) 0.00 142
    2018-06-01 $120,350 (25.2%) $153,254 (2.2%) 0.00 138
    2018-07-01 $116,500 (20.7%) $149,317 (-4.2%) 0.00 141
    2018-08-01 $114,000 (17.5%) $149,159 (-4.5%) 0.00 150
    2018-09-01 $116,000 (22.1%) $151,771 (-3.4%) 0.00 142
    2018-10-01 $119,495 (17.3%) $140,079 (-13.9%) 0.00 139
    2018-11-01 $119,248 (10.9%) $137,800 (-12.8%) 0.00 137
    2018-12-01 $119,000 (19.0%) $138,020 (-11.6%) 0.00 118
    2019-01-01 $120,423 (14.9%) $139,916 (-12.1%) 0.00 116
    2019-02-01 $118,998 (19.3%) $151,940 (-1.4%) 0.00 109
    2019-03-01 $116,200 (16.8%) $158,112 (0.3%) 0.00 114
    2019-04-01 $109,750 (4.8%) $158,283 (3.0%) 0.00 119
    2019-05-01 $119,000 (6.3%) $172,203 (13.3%) 0.00 127
    2019-06-01 $114,900 (-4.5%) $154,347 (0.7%) 0.00 139
    2019-07-01 $117,750 (1.1%) $155,600 (4.2%) 0.00 131
    2019-08-01 $118,273 (3.8%) $162,008 (8.6%) 0.00 129
    2019-09-01 $127,682 (10.1%) $171,557 (13.0%) 0.00 127
    2019-10-01 $135,000 (13.0%) $178,975 (27.8%) 0.00 125
    2019-11-01 $135,000 (13.2%) $196,418 (42.5%) 0.00 131
    2019-12-01 $132,750 (11.6%) $195,478 (41.6%) 0.00 132
    2020-01-01 $136,000 (12.9%) $203,711 (45.6%) 0.00 124
    2020-02-01 $139,950 (17.6%) $212,950 (40.2%) 0.00 131
    2020-03-01 $133,500 (14.9%) $208,700 (32.0%) 0.00 126
    2020-04-01 $131,250 (19.6%) $210,154 (32.8%) 0.00 124
    2020-05-01 $129,500 (8.8%) $164,129 (-4.7%) 0.00 120
    2020-06-01 $129,375 (12.6%) $167,344 (8.4%) 0.00 113
    2020-07-01 $140,000 (18.9%) $175,047 (12.5%) 0.00 105
    2020-08-01 $145,000 (22.6%) $186,406 (15.1%) 0.00 98
    2020-09-01 $148,000 (15.9%) $196,538 (14.6%) 0.00 91
    2020-10-01 $147,450 (9.2%) $207,831 (16.1%) 0.00 78
    2020-11-01 $165,250 (22.4%) $224,340 (14.2%) 0.00 70
    2020-12-01 $161,750 (21.9%) $224,040 (14.6%) 0.00 64
    2021-01-01 $142,500 (4.8%) $223,418 (9.7%) 0.00 63
    2021-02-01 $143,750 (2.7%) $234,337 (10.0%) 0.00 66
    2021-03-01 $142,375 (6.7%) $222,140 (6.4%) 0.00 68
    2021-04-01 $146,250 (11.4%) $233,685 (11.2%) 0.00 61
    2021-05-01 $126,000 (-2.7%) $236,108 (43.9%) 0.00 47
    2021-06-01 $135,000 (4.4%) $213,158 (27.4%) 0.00 39
    2021-07-01 $135,000 (-3.6%) $199,995 (14.3%) 0.00 41
    2021-08-01 $122,750 (-15.3%) $203,170 (9.0%) 0.00 41
    2021-09-01 $110,750 (-25.2%) $166,436 (-15.3%) 0.00 46
    2021-10-01 $112,750 (-23.5%) $155,685 (-25.1%) 0.00 51
    2021-11-01 $100,000 (-39.5%) $138,137 (-38.4%) 0.00 48
    2021-12-01 $107,000 (-33.9%) $136,776 (-39.0%) 0.00 45
    2022-01-01 $107,000 (-24.9%) $152,754 (-31.6%) 0.00 39
    2022-02-01 $118,000 (-17.9%) $164,622 (-29.8%) 0.00 41
    2022-03-01 $119,000 (-16.4%) $173,196 (-22.0%) 0.00 41
    2022-04-01 $125,000 (-14.5%) $169,587 (-27.4%) 0.00 43
    2022-05-01 $110,625 (-12.2%) $152,478 (-35.4%) 0.00 44
    2022-06-01 $112,500 (-16.7%) $154,390 (-27.6%) 0.00 40
    2022-07-01 $117,000 (-13.3%) $155,882 (-22.1%) 0.00 42
    2022-08-01 $115,000 (-6.3%) $144,113 (-29.1%) 0.00 42
    2022-09-01 $116,750 (5.4%) $140,750 (-15.4%) 0.00 38
    2022-10-01 $117,250 (4.0%) $156,983 (0.8%) 0.00 43
    2022-11-01 $137,063 (37.1%) $178,867 (29.5%) 0.00 56
    2022-12-01 $138,000 (29.0%) $196,017 (43.3%) 0.00 57
    2023-01-01 $142,475 (33.2%) $188,317 (23.3%) 0.00 63
    2023-02-01 $155,000 (31.4%) $180,699 (9.8%) 0.00 61
    Greenwood's median listing price for 2023-02-01 was $155,000, a difference of $37,000 (31.4%) versus the prior year and $12,525 versus the prior month.

    Greenwood's median listing price comes in at 0% of the national average.

    Greenwood's average listing price for 2023-02-01 was $180,699, a difference of $16,077 (9.8%) versus the prior year and $-7,618 versus the prior month.

    For the 2023-02-01 period, Greenwood had 61 MLS listings, a difference of -2 listings (-3%) versus the prior month and 20 listings (49%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Greenwood (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,860 sqft
    2018-02-01 0 days 1,831 sqft
    2018-03-01 0 days 1,840 sqft
    2018-04-01 0 days 1,840 sqft
    2018-05-01 0 days 1,839 sqft
    2018-06-01 0 days 1,839 sqft
    2018-07-01 0 days 1,859 sqft
    2018-08-01 0 days 1,858 sqft
    2018-09-01 0 days 1,810 sqft
    2018-10-01 0 days 1,844 sqft
    2018-11-01 0 days 1,888 sqft
    2018-12-01 0 days 1,970 sqft
    2019-01-01 0 days 1,993 sqft
    2019-02-01 0 days 1,974 sqft
    2019-03-01 0 days 1,934 sqft
    2019-04-01 0 days 1,833 sqft
    2019-05-01 0 days 1,927 sqft
    2019-06-01 0 days 1,756 sqft
    2019-07-01 0 days 1,737 sqft
    2019-08-01 0 days 1,778 sqft
    2019-09-01 0 days 1,849 sqft
    2019-10-01 0 days 1,911 sqft
    2019-11-01 0 days 1,911 sqft
    2019-12-01 0 days 1,907 sqft
    2020-01-01 0 days 1,959 sqft
    2020-02-01 0 days 2,035 sqft
    2020-03-01 0 days 2,026 sqft
    2020-04-01 0 days 2,077 sqft
    2020-05-01 0 days 2,084 sqft
    2020-06-01 0 days 2,000 sqft
    2020-07-01 0 days 2,047 sqft
    2020-08-01 0 days 2,051 sqft
    2020-09-01 0 days 2,121 sqft
    2020-10-01 0 days 2,011 sqft
    2020-11-01 0 days 2,175 sqft
    2020-12-01 0 days 2,168 sqft
    2021-01-01 0 days 2,149 sqft
    2021-02-01 0 days 2,094 sqft
    2021-03-01 0 days 2,030 sqft
    2021-04-01 0 days 2,051 sqft
    2021-05-01 0 days 2,052 sqft
    2021-06-01 0 days 1,933 sqft
    2021-07-01 0 days 1,913 sqft
    2021-08-01 0 days 1,774 sqft
    2021-09-01 0 days 1,719 sqft
    2021-10-01 0 days 1,674 sqft
    2021-11-01 0 days 1,733 sqft
    2021-12-01 0 days 1,732 sqft
    2022-01-01 0 days 1,767 sqft
    2022-02-01 0 days 1,757 sqft
    2022-03-01 0 days 1,791 sqft
    2022-04-01 0 days 1,622 sqft
    2022-05-01 0 days 1,610 sqft
    2022-06-01 0 days 1,723 sqft
    2022-07-01 0 days 1,680 sqft
    2022-08-01 0 days 1,603 sqft
    2022-09-01 0 days 1,558 sqft
    2022-10-01 0 days 1,611 sqft
    2022-11-01 0 days 1,726 sqft
    2022-12-01 0 days 1,699 sqft
    2023-01-01 0 days 1,734 sqft
    2023-02-01 0 days 1,771 sqft
    Greenwood's median listing age (time on market) for 2023-02-01 was 0 days.

    Greenwood's median square footage for active listings during the 2023-02-01 period was 1,771 sqft. One year prior, the average listing was 1,757 sqft.

    Greenwood, MS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 158 $23,260,000 $147,215
    Refi 92 $12,630,000 $137,283
    Cash Out Refi 25 $3,645,000 $145,800
    Home Improvement 18 $990,000 $55,000
    Other 16 $2,060,000 $128,750

    Greenwood's most frequently cited loan purpose was Home Purchase, with 158 originations. The 2nd most popular reason was Refi, with 92 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 83 $11,625,000 $140,060
    4-5% 68 $11,510,000 $169,265
    3-4% 52 $8,380,000 $161,154
    6-7% 37 $4,815,000 $130,135
    <2.5% 26 $1,400,000 $53,846
    2.5-3% 16 $1,800,000 $112,500
    7-8% 10 $1,010,000 $101,000
    Over 8% 8 $780,000 $97,500

    During 2022, Greenwood's most frequently originated rate bucket was 5-6%, with 83 originations.

    Loan Sizing (Greenwood, MS MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 133 $7,415,000 $55,752
    $100k-200k 117 $16,365,000 $139,872
    $200k-400k 53 $14,285,000 $269,528
    $600k-1000k 3 $2,145,000 $715,000
    $400k-600k 2 $1,050,000 $525,000
    $Over $1MM 1 $1,325,000 $1,325,000

    Greenwood's loan sizing saw the bucket of loans from $100,000 or less with 133 originations, totaling $7,415,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 146 $24,140,000 $165,342
    60-80% 67 $9,365,000 $139,776
    40-60% 34 $3,370,000 $99,118
    20-40% 28 $2,590,000 $92,500
    Under 20% 16 $430,000 $26,875
    Over 100% 8 $1,420,000 $177,500

    Greenwood's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 146 originations, totaling $24,140,000 in origination value.