Huron Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Huron averaged 7.09% for the week of 2023-11-22, compared to the national average of 7.29% for the same period.

The average rate for the prior week (2023-11-16) was 7.44% and one month ago for the week of 2023-10-19, the average rate was 7.43%.

Huron's average rate one year ago was 6.41%.

For refis of the same type during the week of 2023-11-22, the average rate was 7.69%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-11-22 7.29%
Huron 30 Year Fixed Rate 2023-11-22 7.09%
Huron 30 Year Fixed Rate Refi 2023-11-22 7.69%
Huron 15 Year Fixed Rate 2023-11-22 6.57%
Huron 15 Year Fixed Rate Refi 2023-11-22 7.07%
Huron 30 Year FHA 2023-11-22 0.2%
Huron 30 Year FHA Refi 2023-11-22 0.2%
Huron 30 Year USDA 2023-11-22 0.2%
Huron 30 Year USDA Refi 2023-11-22 0%
Huron 30 Year VA 2023-11-22 -0.2%
Huron 30 Year VA Refi 2023-11-22 0.2%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Huron, SD.

Huron 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 Huron, SD 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
First National Bank 16 4.78% $4,071
American Bank & Trust 15 4.78% $3,343
QUICKEN LOANS, LLC 10 5.27% $5,844
Plains Commerce Bank 6 5.19% $4,083
Farm Credit Mid-America, ACA 3 5.07% $15,100
FINANCE OF AMERICA MORTGAGE LLC 2 5.00% $6,428
BANKWEST, INC. 2 4.00% $7,337
First Dakota National Bank 2 6.06% $3,146
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.63% $2,904
Colonial Savings, F.A. 1 4.75% $6,915
Central Bank 1 5.75% $2,330
UNITED WHOLESALE MORTGAGE, LLC 1 6.23% $6,476
BROKER SOLUTIONS, INC. 1 5.60% $10,672
First National Bank of Omaha 1 5.50% $2,617
Flagstar Bank, FSB 1 3.86% $4,087
Mortgage Research Center, LLC 1 2.99% $2,837
BLACK HILLS FEDERAL CREDIT UNION 1 2.75% $7,815
Bank of America 1 5.88% $4,490
The Huntington National Bank 1 6.00% $3,397
CROSSCOUNTRY MORTGAGE, LLC 1 5.88% $10,716

Huron Average Closing Costs & Other Stats

Huron, SD's 20 lenders originated 189 loans during 2022. The total origination value was $37,885,000, with an average loan value of $200,450.

Huron's average closing costs are $4,533.

The top Huron lender as defined by loan originations is First National Bank, with 16 loans originated. Their average total fees are $4,071, which is $728 higher than the next largest lender, American Bank & Trust.

The lowest fee Huron lenders (with over 10 loans originated) are American Bank & Trust ($3,343), First National Bank ($4,071), QUICKEN LOANS, LLC ($5,844), .

The lowest rate Huron lenders (with over 10 loans originated) are American Bank & Trust (4.78%), First National Bank (4.78%), QUICKEN LOANS, LLC (5.27%), .

Huron, SD 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
American Bank & Trust $13,780,000 $7,545,000 -45.2% 19.9%
First National Bank $9,395,000 $5,850,000 -37.7% 15.4%
QUICKEN LOANS, LLC $3,170,000 $3,480,000 9.8% 9.2%
Plains Commerce Bank $3,435,000 $3,295,000 -4.1% 8.7%
Reliabank Dakota $245,000 $2,665,000 987.8% 7.0%
Bell Bank $10,080,000 $2,025,000 -79.9% 5.3%
Farm Credit Mid-America, ACA $585,000 $1,455,000 148.7% 3.8%
BANKWEST, INC. $950,000 $1,145,000 20.5% 3.0%
First Savings Bank $945,000 n/a 2.5%
First International Bank & Trust $145,000 $905,000 524.1% 2.4%
First Dakota National Bank $235,000 $580,000 146.8% 1.5%
First PREMIER Bank $960,000 $545,000 -43.2% 1.4%
BLACK HILLS FEDERAL CREDIT UNION $215,000 $485,000 125.6% 1.3%
Mortgage Research Center, LLC $1,330,000 $465,000 -65.0% 1.2%
BROKER SOLUTIONS, INC. $450,000 n/a 1.2%
First National Bank of Omaha $575,000 $435,000 -24.3% 1.1%
The Huntington National Bank $375,000 n/a 1.0%
CROSSCOUNTRY MORTGAGE, LLC $350,000 $360,000 2.9% 1.0%
Servion, Inc. $420,000 $350,000 -16.7% 0.9%
BETTER MORTGAGE CORPORATION $325,000 n/a 0.9%
Mr. Cooper ( Nationstar Mortgage ) $165,000 $325,000 97.0% 0.9%
PENNYMAC LOAN SERVICES, LLC $860,000 $325,000 -62.2% 0.9%
USAA Federal Savings Bank $350,000 $315,000 -10.0% 0.8%
First Interstate Bank $305,000 n/a 0.8%
FINANCE OF AMERICA MORTGAGE LLC $280,000 n/a 0.7%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $575,000 $260,000 -54.8% 0.7%
Security First Bank $255,000 n/a 0.7%
UNITED WHOLESALE MORTGAGE, LLC $245,000 n/a 0.6%
CORTRUST MORTGAGE, INC. $635,000 $235,000 -63.0% 0.6%
AMERICAN ADVISORS GROUP $115,000 $225,000 95.7% 0.6%
GUARANTEED RATE, INC. $570,000 $225,000 -60.5% 0.6%
Wells Fargo Bank $1,450,000 $200,000 -86.2% 0.5%
Bank of America $185,000 n/a 0.5%
CMG MORTGAGE, INC. $105,000 $175,000 66.7% 0.5%
Colonial Savings, F.A. $175,000 n/a 0.5%
VILLAGE CAPITAL MORTGAGE $165,000 $165,000 0.0% 0.4%
Flagstar Bank, FSB $105,000 $125,000 19.0% 0.3%
SIOUX FALLS $115,000 n/a 0.3%
Central Bank $55,000 n/a 0.1%
Bank of the West $100,000 $15,000 -85.0% 0.0%

Huron's top lender by overall market share is American Bank & Trust, with 19.9% market share. In second place, with 15.4%, is First National Bank, having originated $5,850,000 in loans. In third place, with 9.2%, is QUICKEN LOANS, LLC, having originated $3,480,000 in loans. In fourth place, with 8.7%, is Plains Commerce Bank, having originated $3,295,000 in loans. In fifth place, with 7.0%, is Reliabank Dakota, having originated $2,665,000 in loans.


Huron Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Huron (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 $147,375 (8.2%) $182,013 (17.9%) 0.00 103
2018-02-01 $149,225 (13.7%) $186,354 (22.1%) 0.00 98
2018-03-01 $159,900 (10.3%) $192,336 (24.0%) 0.00 103
2018-04-01 $179,000 (28.4%) $191,958 (25.5%) 0.00 112
2018-05-01 $176,950 (18.6%) $188,900 (16.8%) 0.00 120
2018-06-01 $169,000 (12.7%) $187,540 (8.0%) 0.00 127
2018-07-01 $164,750 (7.1%) $184,825 (5.9%) 0.00 137
2018-08-01 $159,900 (1.9%) $182,398 (0.3%) 0.00 140
2018-09-01 $159,900 (6.6%) $178,849 (0.1%) 0.00 142
2018-10-01 $159,000 (7.5%) $176,759 (-1.1%) 0.00 131
2018-11-01 $159,900 (18.5%) $175,775 (-1.1%) 0.00 119
2018-12-01 $159,000 (17.8%) $172,697 (-3.7%) 0.00 115
2019-01-01 $158,750 (7.7%) $172,058 (-5.5%) 0.00 104
2019-02-01 $153,725 (3.0%) $169,223 (-9.2%) 0.00 104
2019-03-01 $154,186 (-3.6%) $171,597 (-10.8%) 0.00 99
2019-04-01 $161,175 (-10.0%) $177,381 (-7.6%) 0.00 97
2019-05-01 $161,850 (-8.5%) $173,872 (-8.0%) 0.00 103
2019-06-01 $159,000 (-5.9%) $175,369 (-6.5%) 0.00 107
2019-07-01 $158,475 (-3.8%) $168,099 (-9.1%) 0.00 112
2019-08-01 $150,436 (-5.9%) $168,039 (-7.9%) 0.00 121
2019-09-01 $148,166 (-7.3%) $172,744 (-3.4%) 0.00 122
2019-10-01 $146,652 (-7.8%) $175,711 (-0.6%) 0.00 121
2019-11-01 $152,400 (-4.7%) $175,297 (-0.3%) 0.00 112
2019-12-01 $149,450 (-6.0%) $175,524 (1.6%) 0.00 107
2020-01-01 $147,950 (-6.8%) $166,858 (-3.0%) 0.00 105
2020-02-01 $154,450 (0.5%) $170,564 (0.8%) 0.00 111
2020-03-01 $154,900 (0.5%) $176,720 (3.0%) 0.00 107
2020-04-01 $154,900 (-3.9%) $178,560 (0.7%) 0.00 99
2020-05-01 $159,900 (-1.2%) $170,736 (-1.8%) 0.00 102
2020-06-01 $156,425 (-1.6%) $165,148 (-5.8%) 0.00 99
2020-07-01 $159,125 (0.4%) $162,711 (-3.2%) 0.00 84
2020-08-01 $157,400 (4.6%) $169,971 (1.2%) 0.00 81
2020-09-01 $161,175 (8.8%) $175,662 (1.7%) 0.00 80
2020-10-01 $149,950 (2.3%) $167,441 (-4.7%) 0.00 79
2020-11-01 $143,835 (-5.6%) $155,235 (-11.4%) 0.00 82
2020-12-01 $145,477 (-2.7%) $159,409 (-9.2%) 0.00 72
2021-01-01 $149,900 (1.3%) $162,848 (-2.4%) 0.00 61
2021-02-01 $147,225 (-4.7%) $170,961 (0.2%) 0.00 56
2021-03-01 $151,450 (-2.2%) $185,721 (5.1%) 0.00 55
2021-04-01 $151,150 (-2.4%) $222,150 (24.4%) 0.00 56
2021-05-01 $178,450 (11.6%) $236,891 (38.8%) 0.00 49
2021-06-01 $182,125 (16.4%) $248,667 (50.6%) 0.00 43
2021-07-01 $194,000 (21.9%) $271,892 (67.1%) 0.00 39
2021-08-01 $179,175 (13.8%) $270,214 (59.0%) 0.00 39
2021-09-01 $182,275 (13.1%) $273,493 (55.7%) 0.00 43
2021-10-01 $176,950 (18.0%) $260,087 (55.3%) 0.00 48
2021-11-01 $162,875 (13.2%) $254,834 (64.2%) 0.00 48
2021-12-01 $162,950 (12.0%) $254,387 (59.6%) 0.00 47
2022-01-01 $157,500 (5.1%) $259,911 (59.6%) 0.00 37
2022-02-01 $172,075 (16.9%) $246,815 (44.4%) 0.00 36
2022-03-01 $157,300 (3.9%) $231,262 (24.5%) 0.00 32
2022-04-01 $185,000 (22.4%) $249,900 (12.5%) 0.00 28
2022-05-01 $181,225 (1.6%) $246,653 (4.1%) 0.00 29
2022-06-01 $191,225 (5.0%) $255,095 (2.6%) 0.00 30
2022-07-01 $159,500 (-17.8%) $214,886 (-21.0%) 0.00 39
2022-08-01 $159,500 (-11.0%) $207,126 (-23.4%) 0.00 48
2022-09-01 $167,000 (-8.4%) $216,198 (-21.0%) 0.00 42
2022-10-01 $180,900 (2.2%) $234,078 (-10.0%) 0.00 40
2022-11-01 $175,238 (7.6%) $233,168 (-8.5%) 0.00 40
2022-12-01 $176,250 (8.2%) $245,960 (-3.3%) 0.00 41
2023-01-01 $176,250 (11.9%) $238,741 (-8.2%) 0.00 39
2023-02-01 $199,950 (16.2%) $254,323 (3.0%) 0.00 35
2023-03-01 $197,450 (25.5%) $259,360 (12.2%) 0.00 40
2023-04-01 $199,900 (8.1%) $266,370 (6.6%) 0.00 38
2023-05-01 $199,900 (10.3%) $255,760 (3.7%) 0.00 48
2023-06-01 $202,400 (5.8%) $261,259 (2.4%) 0.00 52
2023-07-01 $207,450 (30.1%) $258,743 (20.4%) 0.00 47
2023-08-01 $210,700 (32.1%) $260,474 (25.8%) 0.00 49
2023-09-01 $230,000 (37.7%) $270,802 (25.3%) 0.00 42
2023-10-01 $189,950 (5.0%) $237,730 (1.6%) 0.00 41
Huron's median listing price for 2023-10-01 was $189,950, a difference of $9,050 (5.0%) versus the prior year and $-40,050 versus the prior month.

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

Huron's average listing price for 2023-10-01 was $237,730, a difference of $3,652 (1.6%) versus the prior year and $-33,072 versus the prior month.

For the 2023-10-01 period, Huron had 41 MLS listings, a difference of -1 listings (-2%) versus the prior month and 1 listings (3%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Huron (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,142 sqft
2018-02-01 0 days 2,206 sqft
2018-03-01 0 days 2,235 sqft
2018-04-01 0 days 2,247 sqft
2018-05-01 0 days 2,178 sqft
2018-06-01 0 days 2,176 sqft
2018-07-01 0 days 2,234 sqft
2018-08-01 0 days 2,198 sqft
2018-09-01 0 days 2,176 sqft
2018-10-01 0 days 2,178 sqft
2018-11-01 0 days 2,176 sqft
2018-12-01 0 days 2,152 sqft
2019-01-01 0 days 2,140 sqft
2019-02-01 0 days 2,136 sqft
2019-03-01 0 days 2,153 sqft
2019-04-01 0 days 2,176 sqft
2019-05-01 0 days 2,156 sqft
2019-06-01 0 days 2,124 sqft
2019-07-01 0 days 2,149 sqft
2019-08-01 0 days 2,072 sqft
2019-09-01 0 days 2,057 sqft
2019-10-01 0 days 2,048 sqft
2019-11-01 0 days 2,078 sqft
2019-12-01 0 days 2,082 sqft
2020-01-01 0 days 2,067 sqft
2020-02-01 0 days 2,076 sqft
2020-03-01 0 days 2,135 sqft
2020-04-01 0 days 2,144 sqft
2020-05-01 0 days 2,138 sqft
2020-06-01 0 days 2,092 sqft
2020-07-01 0 days 2,110 sqft
2020-08-01 0 days 2,157 sqft
2020-09-01 0 days 2,202 sqft
2020-10-01 0 days 2,149 sqft
2020-11-01 0 days 2,138 sqft
2020-12-01 0 days 2,132 sqft
2021-01-01 0 days 2,020 sqft
2021-02-01 0 days 2,064 sqft
2021-03-01 0 days 2,090 sqft
2021-04-01 0 days 2,139 sqft
2021-05-01 0 days 2,179 sqft
2021-06-01 0 days 2,262 sqft
2021-07-01 0 days 2,500 sqft
2021-08-01 0 days 2,237 sqft
2021-09-01 0 days 2,291 sqft
2021-10-01 0 days 2,216 sqft
2021-11-01 0 days 2,032 sqft
2021-12-01 0 days 1,979 sqft
2022-01-01 0 days 1,968 sqft
2022-02-01 0 days 1,976 sqft
2022-03-01 0 days 1,918 sqft
2022-04-01 0 days 1,767 sqft
2022-05-01 0 days 1,691 sqft
2022-06-01 0 days 1,869 sqft
2022-07-01 0 days 1,909 sqft
2022-08-01 0 days 2,005 sqft
2022-09-01 0 days 1,851 sqft
2022-10-01 0 days 2,012 sqft
2022-11-01 0 days 2,070 sqft
2022-12-01 0 days 2,248 sqft
2023-01-01 0 days 2,016 sqft
2023-02-01 0 days 2,016 sqft
2023-03-01 0 days 1,961 sqft
2023-04-01 0 days 2,000 sqft
2023-05-01 0 days 2,016 sqft
2023-06-01 0 days 2,168 sqft
2023-07-01 0 days 2,255 sqft
2023-08-01 0 days 2,164 sqft
2023-09-01 0 days 2,297 sqft
2023-10-01 0 days 2,160 sqft
Huron's median listing age (time on market) for 2023-10-01 was 0 days.

Huron's median square footage for active listings during the 2023-10-01 period was 2,160 sqft. One year prior, the average listing was 2,012 sqft.

Huron, SD Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 137 $28,115,000 $205,219
Cash Out Refi 24 $4,220,000 $175,833
Refi 19 $4,665,000 $245,526
Home Improvement 7 $765,000 $109,286
Other 2 $120,000 $60,000

Huron's most frequently cited loan purpose was Home Purchase, with 137 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 57 $9,795,000 $171,842
4-5% 47 $12,065,000 $256,702
3-4% 31 $5,275,000 $170,161
6-7% 29 $5,465,000 $188,448
2.5-3% 12 $2,500,000 $208,333
7-8% 7 $805,000 $115,000
<2.5% 5 $1,035,000 $207,000

During 2022, Huron's most frequently originated rate bucket was 5-6%, with 57 originations.

Loan Sizing (Huron, SD MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 86 $12,310,000 $143,140
$100,000 or less 47 $2,995,000 $63,723
$200k-400k 42 $11,860,000 $282,381
$400k-600k 7 $3,525,000 $503,571
$600k-1000k 6 $4,740,000 $790,000
$Over $1MM 1 $2,455,000 $2,455,000

Huron's loan sizing saw the bucket of loans from $100k-200k with 86 originations, totaling $12,310,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 103 $19,495,000 $189,272
60-80% 52 $11,590,000 $222,885
40-60% 15 $1,935,000 $129,000
20-40% 11 $795,000 $72,273
Under 20% 4 $2,520,000 $630,000
Over 100% 3 $605,000 $201,667

Huron's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 103 originations, totaling $19,495,000 in origination value.