Huron 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 Huron averaged 6.38% for the week of 2023-03-30, compared to the national average of 6.32% for the same period.

    The average rate for the prior week (2023-03-23) was 6.28% and one month ago for the week of 2023-02-23, the average rate was 6.46%.

    Huron's average rate one year ago was 4.12%.

    For refis of the same type during the week of 2023-03-30, the average rate was 7.04%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-30 6.32%
    Huron 30 Year Fixed Rate 2023-03-30 6.38%
    Huron 30 Year Fixed Rate Refi 2023-03-30 7.04%
    Huron 15 Year Fixed Rate 2023-03-30 5.31%
    Huron 15 Year Fixed Rate Refi 2023-03-30 5.61%
    Huron 30 Year FHA 2023-03-30 5.94%
    Huron 30 Year FHA Refi 2023-03-30 5.96%
    Huron 30 Year USDA 2023-03-30 5.75%
    Huron 30 Year USDA Refi 2023-03-30 6.56%
    Huron 30 Year VA 2023-03-30 6.01%
    Huron 30 Year VA Refi 2023-03-30 5.65%
    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
    Huron's median listing price for 2023-03-01 was $197,450, a difference of $40,150 (25.5%) versus the prior year and $-2,500 versus the prior month.

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

    Huron's average listing price for 2023-03-01 was $259,360, a difference of $28,098 (12.2%) versus the prior year and $5,037 versus the prior month.

    For the 2023-03-01 period, Huron had 40 MLS listings, a difference of 5 listings (14%) versus the prior month and 8 listings (25%) 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
    Huron's median listing age (time on market) for 2023-03-01 was 0 days.

    Huron's median square footage for active listings during the 2023-03-01 period was 1,961 sqft. One year prior, the average listing was 1,918 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.