Greenwood Mortgage Rates

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.