Greenwood Mortgage Rates
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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.