Greenwood Mortgage Rates

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  • Trends
  • Rates vs. Fees
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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Greenwood averaged 5.97% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

    The average rate for the prior week (2022-06-23) was 5.78% and one month ago for the week of 2022-05-26, the average rate was 5.17%.

    Greenwood's average rate one year ago was 3.5%.

    For refis of the same type during the week of 2022-06-30, the average rate was 5.99%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2022-06-30 5.7%
    Greenwood 30 Year Fixed Rate 2022-06-30 5.97%
    Greenwood 30 Year Fixed Rate Refi 2022-06-30 5.99%
    Greenwood 15 Year Fixed Rate 2022-06-30 5.41%
    Greenwood 15 Year Fixed Rate Refi 2022-06-30 4.74%
    Greenwood 30 Year FHA 2022-06-30 5.63%
    Greenwood 30 Year FHA Refi 2022-06-30 5.65%
    Greenwood 30 Year USDA 2022-06-30 5.53%
    Greenwood 30 Year VA 2022-06-30 6.05%
    Greenwood 30 Year VA Refi 2022-06-30 5.34%
    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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    QUICKEN LOANS, LLC 19 3.21% $3,813
    Trustmark National Bank 12 3.20% $3,067
    UNITED WHOLESALE MORTGAGE, LLC 9 2.99% $3,806
    Renasant Bank 6 3.25% $3,157
    CB&S Bank, Inc. 5 3.52% $2,529
    CRESCENT MORTGAGE COMPANY 5 3.00% $3,901
    Regions Bank 4 3.28% $5,285
    HOPE FEDERAL CREDIT UNION 3 3.58% $5,633
    BankPlus 3 2.92% $3,225
    EVANSVILLE TEACHERS 3 3.00% $3,391
    Wells Fargo Bank 2 2.94% $3,946
    LOANDEPOT.COM, LLC 2 3.00% $5,895
    AMERISAVE MORTGAGE CORPORATION 2 3.06% $5,574
    First Federal Bank 2 3.00% $7,160
    First Horizon Bank 2 2.88% $2,783
    BancorpSouth Bank 2 2.88% $4,948
    RIVERTRUST Federal Credit Union 2 3.00% $1,935
    KEESLER 2 3.00% $3,618
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.25% $2,719
    U.S. Bank 1 2.88% $2,870
    INTERLINC MORTGAGE SERVICES, LLC 1 3.63% $0
    COMMUNITY MORTGAGE CORPORATION 1 2.99% $3,619
    DELMAR FINANCIAL COMPANY 1 3.50% $3,935
    EMBRACE HOME LOANS, INC. 1 3.25% $5,853
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.25% $7,582
    FIDELITY BANK 1 2.75% $3,869
    FIRST STATE MORTGAGE SERVICES, LLC 1 2.75% $3,986
    Flagstar Bank, FSB 1 3.63% $2,964
    FREEDOM MORTGAGE CORPORATION 1 3.38% $1,583
    HOME POINT FINANCIAL CORPORATION 1 2.99% $6,976
    ACADEMY MORTGAGE CORPORATION 1 3.50% $3,624
    Magnolia Bank 1 3.38% $3,976
    MICHIGAN MUTUAL, INC. 1 3.00% $2,797
    MUTUAL OF OMAHA MORTGAGE, INC. 1 4.13% $4,365
    NAVY FEDERAL CREDIT UNION 1 4.75% $4,325
    Origin Bank 1 3.25% $2,992
    Peoples Bank 1 3.63% $3,391
    PNC Bank 1 2.88% $2,931

    Greenwood, MS's 38 lenders originated 410 loans during 2021. The total origination value was $65,680,000, with an average loan value of $160,195.

    The top Greenwood lender as defined by loan originations is QUICKEN LOANS, LLC, with 19 loans originated. Their average total fees are $3,813, which is $746 higher than the next largest lender, Trustmark National Bank.

    The lowest fee Greenwood lenders (with over 10 loans originated) are Trustmark National Bank ($3,067), QUICKEN LOANS, LLC ($3,813), .

    The lowest rate Greenwood lenders (with over 10 loans originated) are Trustmark National Bank (3.20%), QUICKEN LOANS, LLC (3.21%), .

    Greenwood, MS 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
    QUICKEN LOANS, LLC $6,555,000 $6,845,000 4.4% 10.4%
    Trustmark National Bank $7,050,000 $6,370,000 -9.6% 9.7%
    Guaranty Bank and Trust Company $6,550,000 $4,815,000 -26.5% 7.3%
    PriorityOne Bank $7,230,000 $3,995,000 -44.7% 6.1%
    Regions Bank $3,835,000 $3,765,000 -1.8% 5.7%
    Planters Bank & Trust Company $4,470,000 $3,520,000 -21.3% 5.4%
    Sabine State Bank and Trust Company $3,165,000 n/a 4.8%
    Renasant Bank $3,615,000 $2,085,000 -42.3% 3.2%
    UNITED WHOLESALE MORTGAGE, LLC $1,775,000 $1,780,000 0.3% 2.7%
    Mortgage Research Center, LLC $505,000 $1,630,000 222.8% 2.5%
    BankPlus $315,000 $1,595,000 406.3% 2.4%
    CRESCENT MORTGAGE COMPANY $595,000 $1,355,000 127.7% 2.1%
    MICHIGAN MUTUAL, INC. $1,020,000 $1,265,000 24.0% 1.9%
    EVANSVILLE TEACHERS $1,710,000 $1,220,000 -28.7% 1.9%
    AMERISAVE MORTGAGE CORPORATION $865,000 $1,180,000 36.4% 1.8%
    FREEDOM MORTGAGE CORPORATION $1,275,000 $1,165,000 -8.6% 1.8%
    CB&S Bank, Inc. $1,160,000 $1,155,000 -0.4% 1.8%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $175,000 $1,025,000 485.7% 1.6%
    BancorpSouth Bank $1,440,000 $995,000 -30.9% 1.5%
    LOANDEPOT.COM, LLC $545,000 $760,000 39.4% 1.2%
    First Federal Bank $2,415,000 $750,000 -68.9% 1.1%
    Wells Fargo Bank $740,000 n/a 1.1%
    Paramount Residential Mortgage Group, Inc. $265,000 $670,000 152.8% 1.0%
    HOPE FEDERAL CREDIT UNION $45,000 $645,000 1,333.3% 1.0%
    Flagstar Bank, FSB $445,000 $585,000 31.5% 0.9%
    PENNYMAC LOAN SERVICES, LLC $580,000 n/a 0.9%
    FIRST STATE MORTGAGE SERVICES, LLC $545,000 n/a 0.8%
    KEESLER $540,000 n/a 0.8%
    CALIBER HOME LOANS, INC. $115,000 $480,000 317.4% 0.7%
    Nations Lending Corporation $480,000 n/a 0.7%
    Origin Bank $535,000 $450,000 -15.9% 0.7%
    21ST MORTGAGE CORPORATION $315,000 $440,000 39.7% 0.7%
    INTERLINC MORTGAGE SERVICES, LLC $365,000 $435,000 19.2% 0.7%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $420,000 n/a 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $505,000 $385,000 -23.8% 0.6%
    First Horizon Bank $380,000 n/a 0.6%
    FIDELITY BANK $360,000 n/a 0.5%
    RIVERTRUST Federal Credit Union $330,000 n/a 0.5%
    CMG MORTGAGE, INC. $325,000 n/a 0.5%
    GMFS LLC $310,000 n/a 0.5%
    MORTGAGE INVESTORS GROUP, INC. $510,000 $300,000 -41.2% 0.5%
    ENVOY MORTGAGE, LTD $1,990,000 $295,000 -85.2% 0.4%
    PLANET HOME LENDING, LLC $275,000 n/a 0.4%
    FirstBank $45,000 $265,000 488.9% 0.4%
    SOUTHWEST STAGE FUNDING, LLC $255,000 n/a 0.4%
    COMMUNITY MORTGAGE CORPORATION $105,000 $245,000 133.3% 0.4%
    SOUTHWEST FUNDING, LP $240,000 n/a 0.4%
    PNC Bank $235,000 n/a 0.4%
    Carrington Mortgage Services, LLC $75,000 $230,000 206.7% 0.4%
    CHURCHILL MORTGAGE CORPORATION $205,000 n/a 0.3%
    TJC Mortgage, Inc. $470,000 $195,000 -58.5% 0.3%
    Community Bank of Mississippi $430,000 $190,000 -55.8% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $215,000 $185,000 -14.0% 0.3%
    EMBRACE HOME LOANS, INC. $175,000 n/a 0.3%
    Peoples Bank $175,000 n/a 0.3%
    Magnolia Bank $635,000 $170,000 -73.2% 0.3%
    ROYAL UNITED MORTGAGE LLC $75,000 $170,000 126.7% 0.3%
    VANDERBILT MORTGAGE AND FINANCE, INC. $155,000 $170,000 9.7% 0.3%
    HOME POINT FINANCIAL CORPORATION $165,000 n/a 0.3%
    U.S. Bank $255,000 $165,000 -35.3% 0.3%
    DELMAR FINANCIAL COMPANY $115,000 $155,000 34.8% 0.2%
    RELIANCE FIRST CAPITAL, LLC $145,000 n/a 0.2%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $135,000 n/a 0.2%
    VILLAGE CAPITAL & INVESTMENT LLC $130,000 n/a 0.2%
    Independent Bank $420,000 $125,000 -70.2% 0.2%
    NAVY FEDERAL CREDIT UNION $115,000 $125,000 8.7% 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $320,000 $125,000 -60.9% 0.2%
    Southern Bancorp Bank $125,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $375,000 $115,000 -69.3% 0.2%
    ACADEMY MORTGAGE CORPORATION $105,000 n/a 0.2%
    Low VA Rates, LLC $75,000 n/a 0.1%
    NEWREZ LLC $75,000 n/a 0.1%
    OPEN MORTGAGE, LLC $210,000 $75,000 -64.3% 0.1%
    Reliant Bank $75,000 n/a 0.1%
    USAA Federal Savings Bank $180,000 $75,000 -58.3% 0.1%
    AMERICAN FINANCING CORPORATION $55,000 n/a 0.1%
    SUPERIOR CHOICE $55,000 n/a 0.1%
    1st Franklin Financial Corporation $35,000 $35,000 0.0% 0.1%
    Discover Bank $35,000 n/a 0.1%

    Greenwood's top lender by overall market share is QUICKEN LOANS, LLC, with 10.4% market share. In second place, with 9.7%, is Trustmark National Bank, having originated $6,370,000 in loans. In third place, with 7.3%, is Guaranty Bank and Trust Company, having originated $4,815,000 in loans. In third place, with 6.1%, is PriorityOne Bank, having originated $3,995,000 in loans. In third place, with 5.7%, is Regions Bank, having originated $3,765,000 in loans.

    Greenwood, MS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 193 $31,745,000 $164,482
    Refi 142 $24,750,000 $174,296
    Cash Out Refi 52 $8,030,000 $154,423
    Other 14 $640,000 $45,714
    Home Improvement 9 $515,000 $57,222

    Greenwood's most frequently cited loan purpose was Home Purchase, with 193 originations. The 2nd most popular reason was Refi, with 142 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    2.5-3% 143 $25,955,000 $181,503
    3-4% 101 $15,285,000 $151,337
    <2.5% 71 $9,495,000 $133,732
    4-5% 43 $8,065,000 $187,558
    Over 8% 13 $705,000 $54,231
    5-6% 12 $700,000 $58,333
    6-7% 8 $480,000 $60,000
    7-8% 2 $180,000 $90,000

    During 2021, Greenwood's most frequently originated rate bucket was 2.5-3%, with 143 originations.

    Loan Sizing (Greenwood, MS MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 159 $23,095,000 $145,252
    $100,000 or less 143 $8,525,000 $59,615
    $200k-400k 98 $24,380,000 $248,776
    $400k-600k 8 $3,810,000 $476,250
    $Over $1MM 2 $5,870,000 $2,935,000

    Greenwood's loan sizing saw the bucket of loans from $100k-200k with 159 originations, totaling $23,095,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 182 $29,850,000 $164,011
    60-80% 124 $22,920,000 $184,839
    40-60% 35 $4,315,000 $123,286
    20-40% 20 $1,270,000 $63,500
    Under 20% 19 $355,000 $18,684
    Over 100% 5 $715,000 $143,000

    Greenwood's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 182 originations, totaling $29,850,000 in origination value.

    Market Conditions (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 $105,000 (-2.2%) $154,987 (-1.0%) 0.00 123
    2018-02-01 $104,700 (4.8%) $156,128 (5.1%) 0.00 128
    2018-03-01 $100,000 (0.1%) $154,771 (5.4%) 0.00 132
    2018-04-01 $104,850 (3.8%) $150,361 (-2.1%) 0.00 139
    2018-05-01 $114,000 (14.6%) $151,934 (-1.8%) 0.00 138
    2018-06-01 $124,000 (30.5%) $155,986 (4.1%) 0.00 138
    2018-07-01 $122,000 (31.9%) $152,870 (2.0%) 0.00 143
    2018-08-01 $116,000 (22.1%) $151,339 (1.3%) 0.00 150
    2018-09-01 $118,500 (24.7%) $152,384 (1.3%) 0.00 142
    2018-10-01 $119,995 (17.6%) $141,034 (-9.6%) 0.00 139
    2018-11-01 $119,990 (8.1%) $137,955 (-8.9%) 0.00 137
    2018-12-01 $119,000 (19.0%) $137,232 (-8.0%) 0.00 118
    2019-01-01 $120,850 (15.1%) $139,038 (-10.3%) 0.00 115
    2019-02-01 $119,500 (14.1%) $152,226 (-2.5%) 0.00 109
    2019-03-01 $119,471 (19.5%) $160,099 (3.4%) 0.00 112
    2019-04-01 $113,000 (7.8%) $161,989 (7.7%) 0.00 117
    2019-05-01 $119,500 (4.8%) $178,343 (17.4%) 0.00 126
    2019-06-01 $114,900 (-7.3%) $154,647 (-0.9%) 0.00 136
    2019-07-01 $119,500 (-2.1%) $158,478 (3.7%) 0.00 130
    2019-08-01 $123,957 (6.9%) $160,318 (5.9%) 0.00 129
    2019-09-01 $129,250 (9.1%) $162,076 (6.4%) 0.00 126
    2019-10-01 $135,000 (12.5%) $173,264 (22.9%) 0.00 123
    2019-11-01 $135,000 (12.5%) $191,203 (38.6%) 0.00 127
    2019-12-01 $132,500 (11.3%) $190,904 (39.1%) 0.00 131
    2020-01-01 $137,000 (13.4%) $199,904 (43.8%) 0.00 122
    2020-02-01 $139,900 (17.1%) $209,364 (37.5%) 0.00 131
    2020-03-01 $135,000 (13.0%) $206,156 (28.8%) 0.00 127
    2020-04-01 $135,000 (19.5%) $208,193 (28.5%) 0.00 123
    2020-05-01 $129,500 (8.4%) $160,032 (-10.3%) 0.00 119
    2020-06-01 $129,250 (12.5%) $162,986 (5.4%) 0.00 111
    2020-07-01 $134,750 (12.8%) $170,481 (7.6%) 0.00 104
    2020-08-01 $145,000 (17.0%) $181,996 (13.5%) 0.00 98
    2020-09-01 $149,000 (15.3%) $197,804 (22.0%) 0.00 91
    2020-10-01 $149,900 (11.0%) $215,412 (24.3%) 0.00 78
    2020-11-01 $160,000 (18.5%) $231,426 (21.0%) 0.00 70
    2020-12-01 $163,500 (23.4%) $233,690 (22.4%) 0.00 64
    2021-01-01 $145,000 (5.8%) $232,750 (16.4%) 0.00 63
    2021-02-01 $145,000 (3.7%) $241,958 (15.6%) 0.00 66
    2021-03-01 $142,500 (5.6%) $229,952 (11.5%) 0.00 67
    2021-04-01 $150,000 (11.1%) $243,578 (17.0%) 0.00 60
    2021-05-01 $137,000 (5.8%) $253,381 (58.3%) 0.00 46
    2021-06-01 $136,000 (5.2%) $228,373 (40.1%) 0.00 39
    2021-07-01 $140,000 (3.9%) $216,861 (27.2%) 0.00 41
    2021-08-01 $125,000 (-13.8%) $217,264 (19.4%) 0.00 41
    2021-09-01 $114,000 (-23.5%) $180,121 (-8.9%) 0.00 47
    2021-10-01 $115,500 (-23.0%) $168,302 (-21.9%) 0.00 52
    2021-11-01 $105,000 (-34.4%) $152,327 (-34.2%) 0.00 48
    2021-12-01 $109,000 (-33.3%) $152,004 (-35.0%) 0.00 46
    2022-01-01 $112,000 (-22.8%) $170,247 (-26.9%) 0.00 39
    2022-02-01 $119,000 (-17.9%) $183,869 (-24.0%) 0.00 39
    2022-03-01 $123,250 (-13.5%) $192,445 (-16.3%) 0.00 40
    2022-04-01 $127,500 (-15.0%) $186,852 (-23.3%) 0.00 41
    2022-05-01 $117,000 (-14.6%) $170,548 (-32.7%) 0.00 43
    2022-06-01 $117,000 (-14.0%) $174,413 (-23.6%) 0.00 38
    Greenwood's median listing price for 2022-06-01 was $117,000, a difference of $-19,000 (-14.0%) versus the prior year and $0 versus the prior month.

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

    Greenwood's average listing price for 2022-06-01 was $174,413, a difference of $-53,960 (-23.6%) versus the prior year and $3,865 versus the prior month.

    For the 2022-06-01 period, Greenwood had 38 MLS listings, a difference of -5 listings (-12%) versus the prior month and -1 listings (-3%) 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 1,837 sqft
    2018-03-01 0 days 1,837 sqft
    2018-04-01 0 days 1,840 sqft
    2018-05-01 0 days 1,840 sqft
    2018-06-01 0 days 1,866 sqft
    2018-07-01 0 days 1,886 sqft
    2018-08-01 0 days 1,876 sqft
    2018-09-01 0 days 1,837 sqft
    2018-10-01 0 days 1,850 sqft
    2018-11-01 0 days 1,898 sqft
    2018-12-01 0 days 1,968 sqft
    2019-01-01 0 days 1,986 sqft
    2019-02-01 0 days 1,968 sqft
    2019-03-01 0 days 1,899 sqft
    2019-04-01 0 days 1,799 sqft
    2019-05-01 0 days 1,921 sqft
    2019-06-01 0 days 1,750 sqft
    2019-07-01 0 days 1,733 sqft
    2019-08-01 0 days 1,742 sqft
    2019-09-01 0 days 1,761 sqft
    2019-10-01 0 days 1,904 sqft
    2019-11-01 0 days 1,911 sqft
    2019-12-01 0 days 1,904 sqft
    2020-01-01 0 days 1,960 sqft
    2020-02-01 0 days 2,022 sqft
    2020-03-01 0 days 2,024 sqft
    2020-04-01 0 days 2,085 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 2,054 sqft
    2020-09-01 0 days 2,127 sqft
    2020-10-01 0 days 2,022 sqft
    2020-11-01 0 days 2,200 sqft
    2020-12-01 0 days 2,200 sqft
    2021-01-01 0 days 2,157 sqft
    2021-02-01 0 days 2,132 sqft
    2021-03-01 0 days 2,047 sqft
    2021-04-01 0 days 2,088 sqft
    2021-05-01 0 days 2,052 sqft
    2021-06-01 0 days 1,991 sqft
    2021-07-01 0 days 1,976 sqft
    2021-08-01 0 days 1,806 sqft
    2021-09-01 0 days 1,721 sqft
    2021-10-01 0 days 1,718 sqft
    2021-11-01 0 days 1,767 sqft
    2021-12-01 0 days 1,744 sqft
    2022-01-01 0 days 1,782 sqft
    2022-02-01 0 days 1,795 sqft
    2022-03-01 0 days 1,857 sqft
    2022-04-01 0 days 1,808 sqft
    2022-05-01 0 days 1,636 sqft
    2022-06-01 0 days 1,795 sqft
    Greenwood's median listing age (time on market) for 2022-06-01 was 0 days.

    Greenwood's median square footage for active listings during the 2022-06-01 period was 1,795 sqft. One year prior, the average listing was 1,991 sqft.