Hudson Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Hudson averaged 6.67% for the week of 2024-11-07, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2024-10-31) was 6.4% and one month ago for the week of 2024-10-03, the average rate was 5.8%.

    Hudson's average rate one year ago was 7.54%.

    For refis of the same type during the week of 2024-11-07, the average rate was 7.29%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Hudson 30 Year Fixed Rate 2024-11-07 6.67%
    Hudson 30 Year Fixed Rate Refi 2024-11-07 7.29%
    Hudson 15 Year Fixed Rate 2024-11-07 5.8%
    Hudson 15 Year Fixed Rate Refi 2024-11-07 6.2%
    Hudson 30 Year FHA 2024-11-07 6.63%
    Hudson 30 Year FHA Refi 2024-11-07 6.53%
    Hudson 30 Year USDA 2024-11-07 6.38%
    Hudson 30 Year USDA Refi 2024-11-07 6.38%
    Hudson 30 Year VA 2024-11-07 6.34%
    Hudson 30 Year VA Refi 2024-11-07 6.54%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Hudson, NY.

    Hudson 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 Hudson, NY 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
    HOMESTEAD FUNDING CORP. 74 6.33% $5,820
    GUARANTEED RATE, INC. 41 6.73% $6,596
    QUICKEN LOANS, LLC 22 7.05% $8,705
    The Bank of Greene County 17 6.56% $8,207
    KeyBank 17 6.79% $3,673
    JPMorgan Chase Bank 16 6.51% $7,296
    SEFCU SERVICES, LLC 16 5.40% $4,551
    GREYLOCK 12 5.68% $4,146
    UNITED WHOLESALE MORTGAGE, LLC 9 6.64% $8,533
    Ulster Savings Bank 9 6.47% $6,333
    Bethpage Federal Credit Union 7 6.86% $4,781
    NBT Bank 7 6.16% $8,282
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 7.04% $9,384
    TrustCo Bank 6 6.56% $3,960
    Bank of America 6 6.15% $7,679
    SUNMARK FEDERAL CREDIT UNION 6 6.39% $5,838
    Citibank 5 5.20% $4,992
    CROSSCOUNTRY MORTGAGE, LLC 5 6.93% $9,592
    TD Bank 4 6.25% $6,126
    NEWREZ LLC 4 6.47% $5,827
    Berkshire Bank 4 6.28% $5,064
    U.S. Bank 4 5.63% $17,778
    Wells Fargo Bank 4 6.53% $12,517
    Citizens Bank 3 6.00% $7,239
    PENNYMAC LOAN SERVICES, LLC 3 6.67% $4,175
    Community Bank 3 7.46% $3,024
    M&T Bank 3 7.00% $6,857
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.33% $6,447
    HUDSON VALLEY CREDIT UNION 3 6.58% $4,519
    EMBRACE HOME LOANS, INC. 2 6.99% $5,750
    LOANDEPOT.COM, LLC 2 7.06% $9,300
    MOVEMENT MORTGAGE, LLC 2 5.91% $6,943
    Adams Community Bank 2 5.25% $6,689
    CARDINAL FINANCIAL 2 6.94% $10,386
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 2 6.38% $7,744
    Farm Credit East, ACA 2 8.25% $9,391
    Morgan Stanley Private Bank 2 6.00% $10,225
    NATIONWIDE MORTGAGE BANKERS, INC. 2 7.13% $13,912
    Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $8,152
    ALLIED MORTGAGE GROUP, INC. 1 5.50% $26,427
    Ally Bank 1 5.13% $10,022
    AMERICAN FINANCIAL NETWORK, INC. 1 8.63% $20,939
    BETTER MORTGAGE CORPORATION 1 5.88% $3,801
    BNY Mellon 1 6.50% $4,950
    Charles Schwab Bank, SSB 1 6.60% $4,006
    City National Bank 1 5.53% $8,644
    Commerce Bank 1 5.88% $3,838
    CONTINENTAL MORTGAGE BANKERS, INC. 1 6.88% $10,780
    CONTOUR MORTGAGE CORPORATION 1 7.13% $15,661
    Fifth Third Bank 1 6.99% $9,958
    First-Citizens Bank & Trust Company 1 6.00% $3,811
    First Republic Bank 1 5.25% $7,786
    FREEDOM MORTGAGE CORPORATION 1 7.88% $9,576
    Goldman Sachs Bank USA 1 5.35% $5,155
    GuardHill Financial Corp. 1 6.25% $6,131
    GUIDANCE RESIDENTIAL, LLC 1 7.50% $7,819
    HSBC BANK USA, NATIONAL ASSOCIATION 1 6.66% $5,519
    Leader Bank 1 7.25% $5,603
    MILLENIUM HOME MORTGAGE, LLC 1 7.88% $7,178
    1ST 2ND MORTGAGE COMPANY OF N.J., INC. 1 6.63% $4,059
    NORWICH COMMERCIAL GROUP, INC. 1 6.63% $10,304
    PHH Mortgage Corporation 1 6.50% $9,907
    PLAZA HOME MORTGAGE, INC. 1 6.38% $9,543
    Raymond James Bank 1 6.00% $4,456
    Stifel Bank and Trust 1 5.38% $7,648
    TEG Federal Credit Union 1 5.75% $2,744
    The Northern Trust Company 1 6.13% $11,154
    Valley National Bank 1 5.75% $8,523

    Hudson Average Closing Costs & Other Stats

    Hudson, NY's 68 lenders originated 921 loans during 2023. The total origination value was $283,045,000, with an average loan value of $307,324.

    Hudson's average closing costs are $5,352.

    The top Hudson lender as defined by loan originations is HOMESTEAD FUNDING CORP., with 74 loans originated. Their average total fees are $5,820, which is $775 lower than the next largest lender, GUARANTEED RATE, INC..

    The lowest fee Hudson lenders (with over 10 loans originated) are KeyBank ($3,673), GREYLOCK ($4,146), SEFCU SERVICES, LLC ($4,551), HOMESTEAD FUNDING CORP. ($5,820) and GUARANTEED RATE, INC. ($6,596).

    The lowest rate Hudson lenders (with over 10 loans originated) are SEFCU SERVICES, LLC (5.40%), GREYLOCK (5.68%), HOMESTEAD FUNDING CORP. (6.33%), JPMorgan Chase Bank (6.51%) and The Bank of Greene County (6.56%).

    Hudson, NY 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
    HOMESTEAD FUNDING CORP. $50,465,000 $34,570,000 -31.5% 12.2%
    The Bank of Greene County $44,790,000 $22,040,000 -50.8% 7.8%
    GUARANTEED RATE, INC. $24,860,000 $18,490,000 -25.6% 6.5%
    Lakeland Bank $16,255,000 n/a 5.7%
    QUICKEN LOANS, LLC $21,160,000 $10,780,000 -49.1% 3.8%
    Ulster Savings Bank $9,700,000 $8,965,000 -7.6% 3.2%
    KeyBank $19,795,000 $8,165,000 -58.8% 2.9%
    JPMorgan Chase Bank $24,040,000 $7,230,000 -69.9% 2.6%
    STATE EMPLOYEES FEDERAL CREDIT UNION $10,730,000 $6,700,000 -37.6% 2.4%
    SEFCU SERVICES, LLC $7,870,000 $6,695,000 -14.9% 2.4%
    U.S. Bank $4,230,000 $6,285,000 48.6% 2.2%
    Bank of America $8,670,000 $5,765,000 -33.5% 2.0%
    TrustCo Bank $8,890,000 $5,720,000 -35.7% 2.0%
    Citizens Bank $11,115,000 $5,655,000 -49.1% 2.0%
    GREYLOCK $6,765,000 $5,550,000 -18.0% 2.0%
    SUNMARK FEDERAL CREDIT UNION $7,385,000 $5,120,000 -30.7% 1.8%
    Wells Fargo Bank $13,980,000 $4,345,000 -68.9% 1.5%
    Salisbury Bank and Trust Company $9,015,000 $4,240,000 -53.0% 1.5%
    UNITED WHOLESALE MORTGAGE, LLC $6,890,000 $4,210,000 -38.9% 1.5%
    Community Bank $2,965,000 $4,150,000 40.0% 1.5%
    HUDSON VALLEY CREDIT UNION $4,235,000 $4,050,000 -4.4% 1.4%
    NBT Bank $1,135,000 $3,640,000 220.7% 1.3%
    Berkshire Bank $4,130,000 $3,560,000 -13.8% 1.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $4,820,000 $3,430,000 -28.8% 1.2%
    Bethpage Federal Credit Union $3,405,000 n/a 1.2%
    CROSSCOUNTRY MORTGAGE, LLC $7,825,000 $3,305,000 -57.8% 1.2%
    Citibank $3,655,000 $3,215,000 -12.0% 1.1%
    Farm Credit East, ACA $1,885,000 $3,040,000 61.3% 1.1%
    TD Bank $7,390,000 $2,845,000 -61.5% 1.0%
    Rhinebeck Bank $1,245,000 $2,710,000 117.7% 1.0%
    Pioneer Bank $2,070,000 $2,625,000 26.8% 0.9%
    NEWREZ LLC $1,125,000 $2,405,000 113.8% 0.8%
    Rondout Savings Bank $4,780,000 $2,340,000 -51.0% 0.8%
    M&T Bank $3,340,000 $2,225,000 -33.4% 0.8%
    Stifel Bank and Trust $2,360,000 $2,005,000 -15.0% 0.7%
    The Northern Trust Company $155,000 $1,805,000 1,064.5% 0.6%
    Sawyer Savings Bank $1,725,000 n/a 0.6%
    HSBC BANK USA, NATIONAL ASSOCIATION $1,675,000 n/a 0.6%
    Morgan Stanley Private Bank $6,995,000 $1,510,000 -78.4% 0.5%
    PNC Bank $585,000 $1,495,000 155.6% 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $770,000 $1,485,000 92.9% 0.5%
    Lee Bank $1,720,000 $1,415,000 -17.7% 0.5%
    The National Bank of Coxsackie $2,460,000 $1,375,000 -44.1% 0.5%
    City National Bank $6,535,000 $1,255,000 -80.8% 0.4%
    Flagstar Bank, FSB $510,000 $1,190,000 133.3% 0.4%
    MID-HUDSON VALLEY $2,315,000 $1,145,000 -50.5% 0.4%
    PLAZA HOME MORTGAGE, INC. $1,230,000 $1,130,000 -8.1% 0.4%
    Raymond James Bank $1,795,000 $1,125,000 -37.3% 0.4%
    NAVY FEDERAL CREDIT UNION $625,000 $970,000 55.2% 0.3%
    EMBRACE HOME LOANS, INC. $960,000 n/a 0.3%
    PENNYMAC LOAN SERVICES, LLC $955,000 n/a 0.3%
    Adams Community Bank $7,105,000 $910,000 -87.2% 0.3%
    Valley National Bank $955,000 $885,000 -7.3% 0.3%
    NATIONWIDE MORTGAGE BANKERS, INC. $330,000 $780,000 136.4% 0.3%
    UNITED NORTHERN MORTGAGE BANKERS LIMITED $1,070,000 $770,000 -28.0% 0.3%
    BNY Mellon $1,270,000 $755,000 -40.6% 0.3%
    FINANCE OF AMERICA REVERSE LLC $545,000 $740,000 35.8% 0.3%
    Ballston Spa National Bank $215,000 $710,000 230.2% 0.3%
    Fifth Third Bank $700,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $2,515,000 $700,000 -72.2% 0.2%
    AMWEST FUNDING CORP. $665,000 n/a 0.2%
    Charles Schwab Bank, SSB $1,795,000 $645,000 -64.1% 0.2%
    LIMA ONE CAPITAL, LLC $245,000 $630,000 157.1% 0.2%
    Commerce Bank $605,000 n/a 0.2%
    Goldman Sachs Bank USA $585,000 n/a 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $575,000 n/a 0.2%
    CONTINENTAL MORTGAGE BANKERS, INC. $565,000 n/a 0.2%
    GuardHill Financial Corp. $375,000 $565,000 50.7% 0.2%
    1ST 2ND MORTGAGE COMPANY OF N.J., INC. $545,000 n/a 0.2%
    Leader Bank $535,000 n/a 0.2%
    NORWICH COMMERCIAL GROUP, INC. $535,000 n/a 0.2%
    CARDINAL FINANCIAL $580,000 $530,000 -8.6% 0.2%
    CONTOUR MORTGAGE CORPORATION $515,000 n/a 0.2%
    Discover Bank $370,000 $515,000 39.2% 0.2%
    Plains Commerce Bank $515,000 n/a 0.2%
    First Republic Bank $10,850,000 $505,000 -95.3% 0.2%
    MOVEMENT MORTGAGE, LLC $900,000 $485,000 -46.1% 0.2%
    LOANDEPOT.COM, LLC $3,875,000 $480,000 -87.6% 0.2%
    LONGBRIDGE FINANCIAL, LLC $455,000 n/a 0.2%
    Premium Mortgage Corporation $935,000 $430,000 -54.0% 0.2%
    ALLIED MORTGAGE GROUP, INC. $425,000 n/a 0.2%
    EMM LOANS LLC $425,000 n/a 0.2%
    TEG Federal Credit Union $325,000 $425,000 30.8% 0.2%
    A&D Mortgage LLC $390,000 $395,000 1.3% 0.1%
    Community First National Bank $355,000 n/a 0.1%
    QUORUM FEDERAL CREDIT UNION $310,000 n/a 0.1%
    Hometown Equity Mortgage, LLC $295,000 n/a 0.1%
    PHH Mortgage Corporation $305,000 $295,000 -3.3% 0.1%
    FIRST ALLIANCE HOME MORTGAGE, LLC $285,000 n/a 0.1%
    GUIDANCE RESIDENTIAL, LLC $285,000 n/a 0.1%
    Logan Finance Corporation $275,000 n/a 0.1%
    AMERICAN HERITAGE LENDING, INC. $265,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $2,320,000 $265,000 -88.6% 0.1%
    Equity Prime Mortgage LLC $265,000 n/a 0.1%
    The Federal Savings Bank $205,000 $265,000 29.3% 0.1%
    First-Citizens Bank & Trust Company $255,000 n/a 0.1%
    TOTAL MORTGAGE SERVICES, LLC $885,000 $255,000 -71.2% 0.1%
    Mortgage Research Center, LLC $620,000 $245,000 -60.5% 0.1%
    MILLENIUM HOME MORTGAGE, LLC $235,000 n/a 0.1%
    FREEDOM MORTGAGE CORPORATION $1,230,000 $225,000 -81.7% 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $980,000 $220,000 -77.6% 0.1%
    UTILITIES EMPLOYEES CREDIT UNION $205,000 n/a 0.1%
    Ally Bank $385,000 $195,000 -49.4% 0.1%
    FIRST NEW YORK $1,065,000 $165,000 -84.5% 0.1%
    FIRST SOURCE $165,000 n/a 0.1%
    HUDSON HERITAGE $225,000 $160,000 -28.9% 0.1%
    21ST MORTGAGE CORPORATION $220,000 $125,000 -43.2% 0.0%
    CORNING $105,000 n/a 0.0%
    TRIAD FINANCIAL SERVICES, INC. $300,000 $105,000 -65.0% 0.0%
    Chemung Canal Trust Company $2,400,000 $85,000 -96.5% 0.0%
    Connexus Credit Union $55,000 n/a 0.0%
    School Systems FCU $55,000 n/a 0.0%
    XCEL Federal Credit Union $55,000 n/a 0.0%

    Hudson's top lender by overall market share is HOMESTEAD FUNDING CORP., with 12.2% market share. In second place, with 7.8%, is The Bank of Greene County, having originated $22,040,000 in loans. In third place, with 6.5%, is GUARANTEED RATE, INC., having originated $18,490,000 in loans. In fourth place, with 5.7%, is Lakeland Bank, having originated $16,255,000 in loans. In fifth place, with 3.8%, is QUICKEN LOANS, LLC, having originated $10,780,000 in loans.

    Hudson, NY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 435 $199,185,000 $457,897
    Home Improvement 215 $24,695,000 $114,860
    Refi 91 $26,455,000 $290,714
    Other 90 $12,830,000 $142,556
    Cash Out Refi 90 $19,880,000 $220,889

    Hudson's most frequently cited loan purpose was Home Purchase, with 435 originations. The 2nd most popular reason was Home Improvement, with 215 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 346 $106,600,000 $308,092
    7-8% 181 $47,215,000 $260,856
    5-6% 154 $62,530,000 $406,039
    Over 8% 129 $37,415,000 $290,039
    4-5% 36 $7,280,000 $202,222
    3-4% 20 $2,900,000 $145,000
    <2.5% 13 $1,965,000 $151,154

    During 2023, Hudson's most frequently originated rate bucket was 6-7%, with 346 originations.

    Loan Sizing (Hudson, NY MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 307 $86,465,000 $281,645
    $100,000 or less 220 $12,640,000 $57,455
    $100k-200k 188 $26,810,000 $142,606
    $400k-600k 114 $54,170,000 $475,175
    $600k-1000k 68 $50,280,000 $739,412
    $Over $1MM 24 $52,680,000 $2,195,000

    Hudson's loan sizing saw the bucket of loans from $200k-400k with 307 originations, totaling $86,465,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 213 $83,205,000 $390,634
    60-80% 194 $97,320,000 $501,649
    Under 20% 175 $10,905,000 $62,314
    20-40% 174 $28,370,000 $163,046
    40-60% 112 $42,530,000 $379,732
    Over 100% 10 $3,350,000 $335,000

    Hudson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 213 originations, totaling $83,205,000 in origination value.