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 7.32% for the week of 2024-05-02, compared to the national average of 7.22% for the same period.

    The average rate for the prior week (2024-04-25) was 6.97% and one month ago for the week of 2024-03-28, the average rate was 6.79%.

    Greenwood's average rate one year ago was 6.63%.

    For refis of the same type during the week of 2024-05-02, the average rate was 7.42%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-05-02 7.22%
    Greenwood 30 Year Fixed Rate 2024-05-02 7.32%
    Greenwood 30 Year Fixed Rate Refi 2024-05-02 7.42%
    Greenwood 15 Year Fixed Rate 2024-05-02 6.57%
    Greenwood 15 Year Fixed Rate Refi 2024-05-02 6.47%
    Greenwood 30 Year FHA 2024-05-02 6.99%
    Greenwood 30 Year FHA Refi 2024-05-02 6.99%
    Greenwood 30 Year USDA 2024-05-02 6.69%
    Greenwood 30 Year USDA Refi 2024-05-02 6.69%
    Greenwood 30 Year VA 2024-05-02 6.68%
    Greenwood 30 Year VA Refi 2024-05-02 6.68%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    BancorpSouth 4 6.47% $4,267
    Regions Bank 3 6.79% $3,690
    Trustmark National Bank 3 6.83% $3,581
    QUICKEN LOANS, LLC 3 6.62% $6,954
    AmeriHome Mortgage Company, LLC 2 7.00% $3,231
    CB&S Bank, Inc. 1 6.75% $4,042
    CORNERSTONE HOME LENDING, INC. 1 7.50% $3,316
    Deere Employees Credit Union 1 6.63% $3,896
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.99% $4,166
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.63% $4,982
    Magnolia Bank 1 7.00% $5,331
    MORTGAGE INVESTORS GROUP, INC. 1 6.38% $3,789
    Mortgage Research Center, LLC 1 7.63% $2,573
    OPEN MORTGAGE, LLC 1 7.99% $3,078
    PENNYMAC LOAN SERVICES, LLC 1 7.62% $8,274
    UNION HOME MORTGAGE CORP. 1 7.25% $6,414
    UNITED WHOLESALE MORTGAGE, LLC 1 6.00% $8,032
    ZILLOW HOME LOANS, LLC 1 7.13% $4,447
    AMERISAVE MORTGAGE CORPORATION 1 6.88% $5,341
    Bank of America 1 7.38% $3,531
    Bank of England 1 7.50% $5,976
    BankPlus 1 6.50% $2,900

    Greenwood Average Closing Costs & Other Stats

    Greenwood, MS's 22 lenders originated 259 loans during 2023. The total origination value was $37,115,000, with an average loan value of $143,301.

    Greenwood's average closing costs are $4,427.

    The top Greenwood lender as defined by loan originations is BancorpSouth, with 4 loans originated. Their average total fees are $4,267, which is $577 higher than the next largest lender, Regions Bank.

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Guaranty Bank and Trust Company $1,100,000 $7,190,000 553.6% 19.4%
    Planters Bank & Trust Company $4,305,000 $3,990,000 -7.3% 10.8%
    Southern Bank $3,475,000 n/a 9.4%
    BankPlus $3,420,000 $2,070,000 -39.5% 5.6%
    Trustmark National Bank $4,265,000 $1,580,000 -63.0% 4.3%
    CB&S Bank, Inc. $760,000 $1,435,000 88.8% 3.9%
    Regions Bank $2,375,000 $1,310,000 -44.8% 3.5%
    QUICKEN LOANS, LLC $2,785,000 $1,170,000 -58.0% 3.2%
    BancorpSouth $1,095,000 $1,095,000 0.0% 3.0%
    Renasant Bank $2,635,000 $930,000 -64.7% 2.5%
    Mortgage Research Center, LLC $1,025,000 $840,000 -18.0% 2.3%
    GMFS LLC $4,065,000 $705,000 -82.7% 1.9%
    AmeriHome Mortgage Company, LLC $865,000 $690,000 -20.2% 1.9%
    21ST MORTGAGE CORPORATION $460,000 $680,000 47.8% 1.8%
    Southern Bancorp Bank $135,000 $670,000 396.3% 1.8%
    MICHIGAN MUTUAL, INC. $710,000 $635,000 -10.6% 1.7%
    UNITED WHOLESALE MORTGAGE, LLC $1,555,000 $515,000 -66.9% 1.4%
    TRIAD FINANCIAL SERVICES, INC. $475,000 n/a 1.3%
    NAVY FEDERAL CREDIT UNION $460,000 n/a 1.2%
    UNION HOME MORTGAGE CORP. $125,000 $430,000 244.0% 1.2%
    The First, A National Banking Association $360,000 n/a 1.0%
    Nations Lending Corporation $335,000 n/a 0.9%
    Magnolia Bank $310,000 n/a 0.8%
    ACADEMY MORTGAGE CORPORATION $305,000 n/a 0.8%
    COMMUNITY MORTGAGE CORPORATION $300,000 n/a 0.8%
    Deere Employees Credit Union $300,000 n/a 0.8%
    Mr. Cooper ( Nationstar Mortgage ) $485,000 $265,000 -45.4% 0.7%
    AMERISAVE MORTGAGE CORPORATION $685,000 $260,000 -62.0% 0.7%
    Flagstar Bank, FSB $375,000 $260,000 -30.7% 0.7%
    LOANDEPOT.COM, LLC $410,000 $250,000 -39.0% 0.7%
    Bank of England $240,000 n/a 0.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $125,000 $240,000 92.0% 0.6%
    Mid-Continent Funding, Inc. $235,000 n/a 0.6%
    Origin Bank $585,000 $235,000 -59.8% 0.6%
    Paragon Bank $225,000 n/a 0.6%
    CARDINAL FINANCIAL $155,000 $215,000 38.7% 0.6%
    OPEN MORTGAGE, LLC $135,000 $215,000 59.3% 0.6%
    PENNYMAC LOAN SERVICES, LLC $280,000 $205,000 -26.8% 0.6%
    CSL Financial, LLC $165,000 n/a 0.4%
    Bank of America $45,000 $155,000 244.4% 0.4%
    ZILLOW HOME LOANS, LLC $155,000 n/a 0.4%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $145,000 n/a 0.4%
    Truist $145,000 n/a 0.4%
    BROKER SOLUTIONS, INC. $140,000 n/a 0.4%
    Liberty Bank and Trust Company $115,000 n/a 0.3%
    SWBC MORTGAGE CORPORATION $95,000 n/a 0.3%
    MORTGAGE INVESTORS GROUP, INC. $505,000 $85,000 -83.2% 0.2%
    PriorityOne Bank $885,000 $85,000 -90.4% 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $85,000 n/a 0.2%
    Wells Fargo Bank $125,000 $85,000 -32.0% 0.2%
    STOCKTON MORTGAGE CORPORATION $75,000 n/a 0.2%
    CORNERSTONE HOME LENDING, INC. $65,000 n/a 0.2%
    The Citizens Bank of Philadelphia, Mississippi $45,000 n/a 0.1%
    b1BANK $35,000 n/a 0.1%
    Coastal Community Bank $25,000 n/a 0.1%
    First Citizens National Bank $15,000 n/a 0.0%

    Greenwood's top lender by overall market share is Guaranty Bank and Trust Company, with 19.4% market share. In second place, with 10.8%, is Planters Bank & Trust Company, having originated $3,990,000 in loans. In third place, with 9.4%, is Southern Bank, having originated $3,475,000 in loans. In fourth place, with 5.6%, is BankPlus, having originated $2,070,000 in loans. In fifth place, with 4.3%, is Trustmark National Bank, having originated $1,580,000 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 $117,593 (18.2%) $160,458 (1.8%) 0.00 114
    2019-04-01 $111,375 (6.3%) $161,139 (4.8%) 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 (13.5%) $208,700 (30.1%) 0.00 126
    2020-04-01 $131,250 (17.9%) $210,154 (30.4%) 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 $138,375 (38.4%) $179,965 (30.3%) 0.00 57
    2022-12-01 $139,500 (30.4%) $196,783 (43.9%) 0.00 58
    2023-01-01 $143,750 (34.4%) $188,710 (23.5%) 0.00 63
    2023-02-01 $155,000 (31.4%) $180,699 (9.8%) 0.00 61
    2023-03-01 $170,250 (43.1%) $184,107 (6.3%) 0.00 68
    2023-04-01 $165,500 (32.4%) $178,656 (5.4%) 0.00 70
    2023-05-01 $165,000 (49.2%) $174,972 (14.8%) 0.00 70
    2023-06-01 $152,950 (36.0%) $171,855 (11.3%) 0.00 64
    2023-07-01 $155,900 (33.3%) $178,367 (14.4%) 0.00 60
    2023-08-01 $152,250 (32.4%) $180,632 (25.3%) 0.00 56
    2023-09-01 $149,500 (28.1%) $175,816 (24.9%) 0.00 62
    2023-10-01 $150,750 (28.6%) $182,621 (16.3%) 0.00 64
    2023-11-01 $153,000 (10.6%) $186,082 (3.4%) 0.00 64
    2023-12-01 $159,000 (14.0%) $186,838 (-5.1%) 0.00 61
    2024-01-01 $149,775 (4.2%) $179,777 (-4.7%) 0.00 59
    2024-02-01 $143,500 (-7.4%) $176,041 (-2.6%) 0.00 57
    2024-03-01 $152,450 (-10.5%) $193,740 (5.2%) 0.00 58
    2024-04-01 $157,000 (-5.1%) $201,400 (12.7%) 0.00 59
    Greenwood's median listing price for 2024-04-01 was $157,000, a difference of $-8,500 (-5.1%) versus the prior year and $4,550 versus the prior month.

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

    Greenwood's average listing price for 2024-04-01 was $201,400, a difference of $22,744 (12.7%) versus the prior year and $7,660 versus the prior month.

    For the 2024-04-01 period, Greenwood had 59 MLS listings, a difference of 1 listings (2%) versus the prior month and -11 listings (-16%) 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 1,882 sqft
    2018-12-01 0 days 1,968 sqft
    2019-01-01 0 days 1,978 sqft
    2019-02-01 0 days 1,964 sqft
    2019-03-01 0 days 1,925 sqft
    2019-04-01 0 days 1,831 sqft
    2019-05-01 0 days 1,924 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 1,728 sqft
    2022-12-01 0 days 1,718 sqft
    2023-01-01 0 days 1,731 sqft
    2023-02-01 0 days 1,771 sqft
    2023-03-01 0 days 1,830 sqft
    2023-04-01 0 days 1,784 sqft
    2023-05-01 0 days 1,798 sqft
    2023-06-01 0 days 1,848 sqft
    2023-07-01 0 days 1,848 sqft
    2023-08-01 0 days 1,847 sqft
    2023-09-01 0 days 1,748 sqft
    2023-10-01 0 days 1,770 sqft
    2023-11-01 0 days 1,821 sqft
    2023-12-01 0 days 1,912 sqft
    2024-01-01 0 days 1,777 sqft
    2024-02-01 0 days 1,735 sqft
    2024-03-01 0 days 1,797 sqft
    2024-04-01 0 days 1,736 sqft
    Greenwood's median listing age (time on market) for 2024-04-01 was 0 days.

    Greenwood's median square footage for active listings during the 2024-04-01 period was 1,736 sqft. One year prior, the average listing was 1,784 sqft.

    Greenwood, MS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 143 $27,305,000 $190,944
    Refi 75 $6,605,000 $88,067
    Other 18 $800,000 $44,444
    Home Improvement 13 $865,000 $66,538
    Cash Out Refi 10 $1,540,000 $154,000

    Greenwood's most frequently cited loan purpose was Home Purchase, with 143 originations. The 2nd most popular reason was Refi, with 75 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    Over 8% 82 $6,760,000 $82,439
    6-7% 65 $11,655,000 $179,308
    7-8% 50 $6,760,000 $135,200
    5-6% 20 $2,920,000 $146,000
    <2.5% 13 $285,000 $21,923
    4-5% 1 $205,000 $205,000
    3-4% 1 $85,000 $85,000

    During 2023, Greenwood's most frequently originated rate bucket was Over 8%, with 82 originations.

    Loan Sizing (Greenwood, MS MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 130 $6,340,000 $48,769
    $100k-200k 95 $13,245,000 $139,421
    $200k-400k 30 $7,840,000 $261,333
    $400k-600k 2 $1,110,000 $555,000
    $Over $1MM 2 $8,580,000 $4,290,000

    Greenwood's loan sizing saw the bucket of loans from $100,000 or less with 130 originations, totaling $6,340,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 100 $18,070,000 $180,700
    60-80% 51 $5,855,000 $114,804
    20-40% 25 $1,325,000 $53,000
    Under 20% 25 $565,000 $22,600
    40-60% 24 $1,920,000 $80,000
    Over 100% 5 $765,000 $153,000

    Greenwood's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 100 originations, totaling $18,070,000 in origination value.