Grenada Mortgage Rates
30 Year Fixed Rate mortgages in Grenada averaged
5.94%
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
6.05% and
one month ago for the week of 2022-05-26, the
average rate was 5.54%.
Grenada's average rate one year ago was 3.38%.
For refis of the same type during the week of 2022-06-30, the average rate
was 6.17%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
Grenada 30 Year Fixed Rate | 2022-06-30 | 5.94% |
Grenada 30 Year Fixed Rate Refi | 2022-06-30 | 6.17% |
Grenada 15 Year Fixed Rate | 2022-06-30 | 6.88% |
Grenada 15 Year Fixed Rate Refi | 2022-06-30 | 5.51% |
Grenada 30 Year FHA | 2022-06-30 | 5.72% |
Grenada 30 Year FHA Refi | 2022-06-30 | 5.36% |
Grenada 30 Year USDA | 2022-06-30 | 5.91% |
Grenada 30 Year USDA Refi | 2022-06-30 | 5.1% |
Grenada 30 Year VA | 2022-06-30 | 5.63% |
Grenada 30 Year VA Refi | 2022-06-30 | 5.36% |
Grenada 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 Grenada, 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.).
Grenada, MS's 25 lenders originated 492
loans during 2021. The total origination value was $69,050,000, with an average loan value of
$140,346.
The top Grenada lender as defined by loan originations is Renasant Bank, with
23 loans originated. Their average total fees are
$2,978, which is $183
lower than the next largest lender,
BancorpSouth Bank.
The lowest fee Grenada lenders (with over 10 loans originated) are
Regions Bank ($2,567), Renasant Bank ($2,978), BancorpSouth Bank ($3,161), QUICKEN LOANS, LLC ($4,050) and .
The lowest rate Grenada lenders (with over 10 loans originated) are
Regions Bank (3.18%), QUICKEN LOANS, LLC (3.21%), BancorpSouth Bank (3.24%), Renasant Bank (3.31%) and .
Grenada, 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 |
---|---|---|---|---|
Renasant Bank | $12,600,000 | $13,305,000 | 5.6% | 19.3% |
BancorpSouth Bank | $8,205,000 | $10,655,000 | 29.9% | 15.4% |
Regions Bank | $15,800,000 | $9,575,000 | -39.4% | 13.9% |
QUICKEN LOANS, LLC | $2,695,000 | $5,935,000 | 120.2% | 8.6% |
BankPlus | $340,000 | $5,470,000 | 1,508.8% | 7.9% |
Guaranty Bank and Trust Company | $1,110,000 | $2,175,000 | 95.9% | 3.1% |
Mortgage Research Center, LLC | $280,000 | $1,545,000 | 451.8% | 2.2% |
CRESCENT MORTGAGE COMPANY | $1,040,000 | $1,325,000 | 27.4% | 1.9% |
Flagstar Bank, FSB | $850,000 | $1,160,000 | 36.5% | 1.7% |
AMERISAVE MORTGAGE CORPORATION | $250,000 | $880,000 | 252.0% | 1.3% |
FREEDOM MORTGAGE CORPORATION | $965,000 | $860,000 | -10.9% | 1.2% |
Nations Lending Corporation | $810,000 | n/a | 1.2% | |
21ST MORTGAGE CORPORATION | $530,000 | $720,000 | 35.8% | 1.0% |
PENNYMAC LOAN SERVICES, LLC | $710,000 | n/a | 1.0% | |
BETTER MORTGAGE CORPORATION | $690,000 | n/a | 1.0% | |
ACADEMY MORTGAGE CORPORATION | $510,000 | $645,000 | 26.5% | 0.9% |
LOANDEPOT.COM, LLC | $765,000 | $610,000 | -20.3% | 0.9% |
Wells Fargo Bank | $590,000 | n/a | 0.9% | |
GMFS LLC | $550,000 | n/a | 0.8% | |
First Horizon Bank | $525,000 | n/a | 0.8% | |
Planters Bank & Trust Company | $335,000 | $515,000 | 53.7% | 0.7% |
MUTUAL OF OMAHA MORTGAGE, INC. | $585,000 | $490,000 | -16.2% | 0.7% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $480,000 | n/a | 0.7% | |
FirstBank | $475,000 | n/a | 0.7% | |
Community Bank of Mississippi | $50,000 | $445,000 | 790.0% | 0.6% |
Trustmark National Bank | $440,000 | $390,000 | -11.4% | 0.6% |
CHURCHILL MORTGAGE CORPORATION | $340,000 | n/a | 0.5% | |
NEWREZ LLC | $55,000 | $330,000 | 500.0% | 0.5% |
EVERETT FINANCIAL, INC. | $310,000 | n/a | 0.4% | |
Wyndham Capital Mortgage, Inc. | $310,000 | n/a | 0.4% | |
USAA Federal Savings Bank | $265,000 | $300,000 | 13.2% | 0.4% |
AMERICAN FINANCIAL NETWORK, INC. | $290,000 | n/a | 0.4% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $155,000 | $280,000 | 80.6% | 0.4% |
Mr. Cooper ( Nationstar Mortgage ) | $920,000 | $265,000 | -71.2% | 0.4% |
Origin Bank | $255,000 | $260,000 | 2.0% | 0.4% |
Carrington Mortgage Services, LLC | $400,000 | $255,000 | -36.3% | 0.4% |
MOVEMENT MORTGAGE, LLC | $245,000 | n/a | 0.4% | |
OPEN MORTGAGE, LLC | $235,000 | n/a | 0.3% | |
BankFirst Financial Services | $105,000 | $225,000 | 114.3% | 0.3% |
BROKER SOLUTIONS, INC. | $205,000 | n/a | 0.3% | |
MORTGAGE INVESTORS GROUP, INC. | $205,000 | n/a | 0.3% | |
North American Savings Bank, F.S.B. | $205,000 | n/a | 0.3% | |
Reliant Bank | $110,000 | $195,000 | 77.3% | 0.3% |
Wolfe Financial, Inc | $195,000 | n/a | 0.3% | |
Armed Forces Bank | $185,000 | n/a | 0.3% | |
PriorityOne Bank | $215,000 | $175,000 | -18.6% | 0.3% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $170,000 | n/a | 0.2% | |
Magnolia Bank | $165,000 | n/a | 0.2% | |
RIVERTRUST Federal Credit Union | $165,000 | n/a | 0.2% | |
TRIAD FINANCIAL SERVICES, INC. | $150,000 | $165,000 | 10.0% | 0.2% |
Sycamore Bank | $170,000 | $160,000 | -5.9% | 0.2% |
First Commercial Bank | $155,000 | n/a | 0.2% | |
FIRST COMMUNITY MORTGAGE, INC. | $155,000 | n/a | 0.2% | |
Northpointe Bank | $610,000 | $145,000 | -76.2% | 0.2% |
AMERICAN HOME LENDING USA, LLC | $135,000 | n/a | 0.2% | |
JPMorgan Chase Bank | $115,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $105,000 | $115,000 | 9.5% | 0.2% |
CALIBER HOME LOANS, INC. | $105,000 | n/a | 0.2% | |
NEW DAY FINANCIAL, LLC | $970,000 | $105,000 | -89.2% | 0.2% |
CMG MORTGAGE, INC. | $95,000 | n/a | 0.1% | |
First Guaranty Mortgage Corporation | $115,000 | $95,000 | -17.4% | 0.1% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $95,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $200,000 | $85,000 | -57.5% | 0.1% |
NAVY FEDERAL CREDIT UNION | $85,000 | $85,000 | 0.0% | 0.1% |
CSL Financial, LLC | $75,000 | n/a | 0.1% | |
VILLAGE CAPITAL & INVESTMENT LLC | $360,000 | $75,000 | -79.2% | 0.1% |
1st Franklin Financial Corporation | $15,000 | $25,000 | 66.7% | 0.0% |
AMERICAN ADVISORS GROUP | $5,000 | $25,000 | 400.0% | 0.0% |
Grenada's top lender by overall market share is Renasant Bank, with 19.3% market share. In second place, with 15.4%, is BancorpSouth Bank, having originated $10,655,000 in loans. In third place, with 13.9%, is Regions Bank, having originated $9,575,000 in loans. In third place, with 8.6%, is QUICKEN LOANS, LLC, having originated $5,935,000 in loans. In third place, with 7.9%, is BankPlus, having originated $5,470,000 in loans.
Grenada, MS Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 214 | $32,200,000 | $150,467 |
Refi | 165 | $24,635,000 | $149,303 |
Cash Out Refi | 71 | $9,475,000 | $133,451 |
Other | 22 | $1,550,000 | $70,455 |
Home Improvement | 20 | $1,190,000 | $59,500 |
Grenada's most frequently cited loan purpose was Home Purchase, with 214 originations. The 2nd most popular reason was Refi, with 165 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 190 | $25,450,000 | $133,947 |
2.5-3% | 132 | $21,820,000 | $165,303 |
<2.5% | 65 | $9,995,000 | $153,769 |
4-5% | 45 | $4,705,000 | $104,556 |
5-6% | 22 | $2,720,000 | $123,636 |
Over 8% | 12 | $900,000 | $75,000 |
6-7% | 6 | $560,000 | $93,333 |
7-8% | 6 | $410,000 | $68,333 |
During 2021, Grenada's most frequently originated rate bucket was 3-4%, with 190 originations.
Loan Sizing (Grenada, MS MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 194 | $11,600,000 | $59,794 |
$100k-200k | 194 | $27,550,000 | $142,010 |
$200k-400k | 96 | $25,250,000 | $263,021 |
$400k-600k | 6 | $2,960,000 | $493,333 |
$600k-1000k | 1 | $685,000 | $685,000 |
$Over $1MM | 1 | $1,005,000 | $1,005,000 |
Grenada's loan sizing saw the bucket of loans from $100,000 or less with 194 originations, totaling $11,600,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 208 | $32,330,000 | $155,433 |
60-80% | 148 | $22,950,000 | $155,068 |
40-60% | 53 | $6,155,000 | $116,132 |
20-40% | 35 | $2,225,000 | $63,571 |
Under 20% | 23 | $575,000 | $25,000 |
Over 100% | 5 | $1,195,000 | $239,000 |
Grenada's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 208 originations, totaling $32,330,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Grenada (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 | $119,900 (-0.1%) | $185,418 (15.1%) | 0.00 | 70 |
2018-02-01 | $131,750 (5.4%) | $189,369 (4.5%) | 0.00 | 66 |
2018-03-01 | $134,500 (9.8%) | $186,755 (0.0%) | 0.00 | 66 |
2018-04-01 | $134,500 (24.5%) | $199,475 (6.4%) | 0.00 | 64 |
2018-05-01 | $134,500 (25.1%) | $201,645 (2.6%) | 0.00 | 70 |
2018-06-01 | $130,000 (8.8%) | $190,186 (-5.9%) | 0.00 | 68 |
2018-07-01 | $129,250 (-13.8%) | $173,913 (-15.6%) | 0.00 | 69 |
2018-08-01 | $127,000 (-12.3%) | $175,834 (-17.1%) | 0.00 | 68 |
2018-09-01 | $125,500 (9.2%) | $171,592 (-16.9%) | 0.00 | 72 |
2018-10-01 | $125,250 (9.4%) | $168,741 (-12.3%) | 0.00 | 73 |
2018-11-01 | $136,700 (33.4%) | $174,818 (-1.6%) | 0.00 | 71 |
2018-12-01 | $119,500 (-0.3%) | $181,230 (-0.6%) | 0.00 | 72 |
2019-01-01 | $126,750 (5.7%) | $196,545 (6.0%) | 0.00 | 65 |
2019-02-01 | $120,000 (-8.9%) | $183,977 (-2.9%) | 0.00 | 61 |
2019-03-01 | $124,114 (-7.7%) | $186,246 (-0.3%) | 0.00 | 60 |
2019-04-01 | $128,914 (-4.2%) | $191,672 (-3.9%) | 0.00 | 59 |
2019-05-01 | $137,450 (2.2%) | $212,016 (5.1%) | 0.00 | 48 |
2019-06-01 | $129,900 (-0.1%) | $204,500 (7.5%) | 0.00 | 54 |
2019-07-01 | $147,000 (13.7%) | $227,884 (31.0%) | 0.00 | 50 |
2019-08-01 | $145,671 (14.7%) | $241,633 (37.4%) | 0.00 | 50 |
2019-09-01 | $134,900 (7.5%) | $242,159 (41.1%) | 0.00 | 48 |
2019-10-01 | $139,450 (11.3%) | $244,856 (45.1%) | 0.00 | 46 |
2019-11-01 | $139,000 (1.7%) | $317,512 (81.6%) | 0.00 | 47 |
2019-12-01 | $132,500 (10.9%) | $314,489 (73.5%) | 0.00 | 43 |
2020-01-01 | $135,750 (7.1%) | $303,455 (54.4%) | 0.00 | 42 |
2020-02-01 | $139,000 (15.8%) | $348,395 (89.4%) | 0.00 | 34 |
2020-03-01 | $207,750 (67.4%) | $367,555 (97.4%) | 0.00 | 30 |
2020-04-01 | $159,000 (23.3%) | $329,952 (72.1%) | 0.00 | 34 |
2020-05-01 | $159,000 (15.7%) | $355,018 (67.5%) | 0.00 | 33 |
2020-06-01 | $113,500 (-12.6%) | $331,495 (62.1%) | 0.00 | 31 |
2020-07-01 | $98,750 (-32.8%) | $310,175 (36.1%) | 0.00 | 34 |
2020-08-01 | $98,500 (-32.4%) | $297,249 (23.0%) | 0.00 | 35 |
2020-09-01 | $138,000 (2.3%) | $313,036 (29.3%) | 0.00 | 32 |
2020-10-01 | $139,500 (0.0%) | $295,870 (20.8%) | 0.00 | 37 |
2020-11-01 | $187,250 (34.7%) | $261,210 (-17.7%) | 0.00 | 37 |
2020-12-01 | $137,200 (3.6%) | $202,708 (-35.5%) | 0.00 | 41 |
2021-01-01 | $130,000 (-4.2%) | $197,767 (-34.8%) | 0.00 | 42 |
2021-02-01 | $118,000 (-15.1%) | $154,977 (-55.5%) | 0.00 | 35 |
2021-03-01 | $118,000 (-43.2%) | $149,000 (-59.5%) | 0.00 | 30 |
2021-04-01 | $149,450 (-6.0%) | $203,776 (-38.2%) | 0.00 | 20 |
2021-05-01 | $214,000 (34.6%) | $237,505 (-33.1%) | 0.00 | 17 |
2021-06-01 | $229,500 (102.2%) | $284,474 (-14.2%) | 0.00 | 12 |
2021-07-01 | $197,250 (99.8%) | $285,556 (-7.9%) | 0.00 | 16 |
2021-08-01 | $184,500 (87.3%) | $285,427 (-4.0%) | 0.00 | 20 |
2021-09-01 | $214,000 (55.1%) | $326,046 (4.2%) | 0.00 | 24 |
2021-10-01 | $235,000 (68.5%) | $378,654 (28.0%) | 0.00 | 21 |
2021-11-01 | $229,000 (22.3%) | $362,941 (39.0%) | 0.00 | 17 |
2021-12-01 | $136,250 (-0.7%) | $293,407 (44.7%) | 0.00 | 15 |
2022-01-01 | $150,000 (15.4%) | $276,928 (40.0%) | 0.00 | 19 |
2022-02-01 | $150,000 (27.1%) | $263,175 (69.8%) | 0.00 | 22 |
2022-03-01 | $139,250 (18.0%) | $259,166 (73.9%) | 0.00 | 22 |
2022-04-01 | $119,900 (-19.8%) | $270,157 (32.6%) | 0.00 | 21 |
2022-05-01 | $152,000 (-29.0%) | $308,161 (29.8%) | 0.00 | 28 |
2022-06-01 | $174,500 (-24.0%) | $300,931 (5.8%) | 0.00 | 32 |
Grenada's median listing price comes in at 0% of the national average.
Grenada's average listing price for 2022-06-01 was $300,931, a difference of $16,457 (5.8%) versus the prior year and $-7,230 versus the prior month.
For the 2022-06-01 period, Grenada had 32 MLS listings, a difference of 4 listings (14%) versus the prior month and 20 listings (167%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Grenada (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,458 sqft |
2018-02-01 | 0 days | 2,687 sqft |
2018-03-01 | 0 days | 1,500 sqft |
2018-04-01 | 0 days | 5,612 sqft |
2018-05-01 | 0 days | 5,612 sqft |
2018-06-01 | 0 days | 3,146 sqft |
2018-07-01 | 0 days | 1,759 sqft |
2018-08-01 | 0 days | 1,669 sqft |
2018-09-01 | 0 days | 1,669 sqft |
2018-10-01 | 0 days | 1,759 sqft |
2018-11-01 | 0 days | 1,759 sqft |
2018-12-01 | 0 days | 1,669 sqft |
2019-01-01 | 0 days | 1,907 sqft |
2019-02-01 | 0 days | 2,054 sqft |
2019-03-01 | 0 days | 2,023 sqft |
2019-04-01 | 0 days | 1,987 sqft |
2019-05-01 | 0 days | 1,957 sqft |
2019-06-01 | 0 days | 1,933 sqft |
2019-07-01 | 0 days | 2,218 sqft |
2019-08-01 | 0 days | 2,320 sqft |
2019-09-01 | 0 days | 2,287 sqft |
2019-10-01 | 0 days | 2,220 sqft |
2019-11-01 | 0 days | 2,200 sqft |
2019-12-01 | 0 days | 1,933 sqft |
2020-01-01 | 0 days | 1,874 sqft |
2020-02-01 | 0 days | 2,204 sqft |
2020-03-01 | 0 days | 2,305 sqft |
2020-04-01 | 0 days | 2,040 sqft |
2020-05-01 | 0 days | 2,099 sqft |
2020-06-01 | 0 days | 1,836 sqft |
2020-07-01 | 0 days | 1,821 sqft |
2020-08-01 | 0 days | 1,500 sqft |
2020-09-01 | 0 days | 1,874 sqft |
2020-10-01 | 0 days | 1,874 sqft |
2020-11-01 | 0 days | 2,052 sqft |
2020-12-01 | 0 days | 1,926 sqft |
2021-01-01 | 0 days | 1,874 sqft |
2021-02-01 | 0 days | 1,806 sqft |
2021-03-01 | 0 days | 1,850 sqft |
2021-04-01 | 0 days | 1,997 sqft |
2021-05-01 | 0 days | 2,030 sqft |
2021-06-01 | 0 days | 2,112 sqft |
2021-07-01 | 0 days | 2,056 sqft |
2021-08-01 | 0 days | 1,966 sqft |
2021-09-01 | 0 days | 2,084 sqft |
2021-10-01 | 0 days | 2,196 sqft |
2021-11-01 | 0 days | 2,106 sqft |
2021-12-01 | 0 days | 1,729 sqft |
2022-01-01 | 0 days | 1,840 sqft |
2022-02-01 | 0 days | 1,682 sqft |
2022-03-01 | 0 days | 1,595 sqft |
2022-04-01 | 0 days | 1,508 sqft |
2022-05-01 | 0 days | 1,774 sqft |
2022-06-01 | 0 days | 1,677 sqft |
Grenada's median square footage for active listings during the 2022-06-01 period was 1,677 sqft. One year prior, the average listing was 2,112 sqft.