Huron Mortgage Rates
30 Year Fixed Rate mortgages in Huron averaged
5.83%
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
6.04% and
one month ago for the week of 2022-05-26, the
average rate was 5.13%.
Huron's average rate one year ago was 3.08%.
For refis of the same type during the week of 2022-06-30, the average rate
was 5.86%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
Huron 30 Year Fixed Rate | 2022-06-30 | 5.83% |
Huron 30 Year Fixed Rate Refi | 2022-06-30 | 5.86% |
Huron 15 Year Fixed Rate | 2022-06-30 | 6.83% |
Huron 15 Year Fixed Rate Refi | 2022-06-30 | 4.59% |
Huron 30 Year FHA | 2022-06-30 | 5.55% |
Huron 30 Year FHA Refi | 2022-06-30 | 5.62% |
Huron 30 Year USDA | 2022-06-30 | 5.23% |
Huron 30 Year USDA Refi | 2022-06-30 | 3.47% |
Huron 30 Year VA | 2022-06-30 | 5.47% |
Huron 30 Year VA Refi | 2022-06-30 | 5.75% |
Huron 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 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 | 2021 Avg. 30yFix Rate | 2021 Avg. Total Fees |
---|---|---|---|
American Bank & Trust | 38 | 2.91% | $3,335 |
First National Bank | 19 | 2.91% | $3,441 |
QUICKEN LOANS, LLC | 10 | 3.17% | $4,863 |
Plains Commerce Bank | 4 | 3.34% | $5,446 |
Wells Fargo Bank | 3 | 3.08% | $2,650 |
BANKWEST, INC. | 3 | 3.00% | $3,974 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 3.24% | $2,650 |
First Bank & Trust | 2 | 2.75% | $5,581 |
CORTRUST MORTGAGE, INC. | 2 | 2.81% | $3,708 |
First National Bank of Omaha | 2 | 3.38% | $2,844 |
First PREMIER Bank | 2 | 2.63% | $2,322 |
First International Bank & Trust | 1 | 2.63% | $3,464 |
JPMorgan Chase Bank | 1 | 3.13% | $5,905 |
Mr. Cooper ( Nationstar Mortgage ) | 1 | 3.13% | $5,566 |
NBKC BANK | 1 | 3.50% | $2,164 |
BLACK HILLS FEDERAL CREDIT UNION | 1 | 2.99% | $4,957 |
Arvest Bank | 1 | 3.63% | $3,134 |
Reliabank Dakota | 1 | 3.25% | $3,190 |
Truist Bank | 1 | 3.38% | $3,011 |
Dacotah Bank | 1 | 3.15% | $4,627 |
CROSSCOUNTRY MORTGAGE, LLC | 1 | 3.50% | $5,411 |
AMERISAVE MORTGAGE CORPORATION | 1 | 2.63% | $5,293 |
Farm Credit Mid-America, ACA | 1 | 3.65% | $11,995 |
First Dakota National Bank | 1 | 2.88% | $2,994 |
Huron, SD's 24 lenders originated 277
loans during 2021. The total origination value was $59,845,000, with an average loan value of
$216,047.
The top Huron lender as defined by loan originations is American Bank & Trust, with
38 loans originated. Their average total fees are
$3,335, which is $106
lower than the next largest lender,
First National Bank.
The lowest fee Huron lenders (with over 10 loans originated) are
American Bank & Trust ($3,335), First National Bank ($3,441), QUICKEN LOANS, LLC ($4,863), .
The lowest rate Huron lenders (with over 10 loans originated) are
First National Bank (2.91%), American Bank & Trust (2.91%), QUICKEN LOANS, LLC (3.17%), .
Huron, SD 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 |
---|---|---|---|---|
American Bank & Trust | $21,945,000 | $13,780,000 | -37.2% | 23.0% |
Bell Bank | $10,080,000 | n/a | 16.8% | |
First National Bank | $9,555,000 | $9,395,000 | -1.7% | 15.7% |
Plains Commerce Bank | $700,000 | $3,435,000 | 390.7% | 5.7% |
QUICKEN LOANS, LLC | $4,160,000 | $3,170,000 | -23.8% | 5.3% |
Choice Financial Group | $2,005,000 | n/a | 3.4% | |
Wells Fargo Bank | $1,870,000 | $1,450,000 | -22.5% | 2.4% |
Mortgage Research Center, LLC | $1,615,000 | $1,330,000 | -17.6% | 2.2% |
First PREMIER Bank | $1,620,000 | $960,000 | -40.7% | 1.6% |
BANKWEST, INC. | $2,140,000 | $950,000 | -55.6% | 1.6% |
FREEDOM MORTGAGE CORPORATION | $925,000 | n/a | 1.5% | |
PENNYMAC LOAN SERVICES, LLC | $260,000 | $860,000 | 230.8% | 1.4% |
First Bank & Trust | $65,000 | $725,000 | 1,015.4% | 1.2% |
CORTRUST MORTGAGE, INC. | $285,000 | $635,000 | 122.8% | 1.1% |
Farm Credit Mid-America, ACA | $575,000 | $585,000 | 1.7% | 1.0% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $105,000 | $575,000 | 447.6% | 1.0% |
First National Bank of Omaha | $730,000 | $575,000 | -21.2% | 1.0% |
GUARANTEED RATE, INC. | $125,000 | $570,000 | 356.0% | 1.0% |
LOANDEPOT.COM, LLC | $205,000 | $485,000 | 136.6% | 0.8% |
CALIBER HOME LOANS, INC. | $275,000 | $440,000 | 60.0% | 0.7% |
AMERISAVE MORTGAGE CORPORATION | $435,000 | n/a | 0.7% | |
Servion, Inc. | $205,000 | $420,000 | 104.9% | 0.7% |
GUILD MORTGAGE COMPANY | $175,000 | $400,000 | 128.6% | 0.7% |
CU MORTGAGE DIRECT, LLC | $1,295,000 | $385,000 | -70.3% | 0.6% |
LAKEVIEW LOAN SERVICING, LLC | $175,000 | $365,000 | 108.6% | 0.6% |
CROSSCOUNTRY MORTGAGE, LLC | $465,000 | $350,000 | -24.7% | 0.6% |
USAA Federal Savings Bank | $305,000 | $350,000 | 14.8% | 0.6% |
Flanagan State Bank | $360,000 | $330,000 | -8.3% | 0.6% |
NBKC BANK | $295,000 | n/a | 0.5% | |
Reliabank Dakota | $245,000 | n/a | 0.4% | |
The Federal Savings Bank | $505,000 | $245,000 | -51.5% | 0.4% |
First Dakota National Bank | $1,435,000 | $235,000 | -83.6% | 0.4% |
BLACK HILLS FEDERAL CREDIT UNION | $185,000 | $215,000 | 16.2% | 0.4% |
First Guaranty Mortgage Corporation | $215,000 | n/a | 0.4% | |
Dacotah Bank | $315,000 | $205,000 | -34.9% | 0.3% |
NEW DAY FINANCIAL, LLC | $175,000 | n/a | 0.3% | |
Mr. Cooper ( Nationstar Mortgage ) | $115,000 | $165,000 | 43.5% | 0.3% |
VILLAGE CAPITAL & INVESTMENT LLC | $165,000 | n/a | 0.3% | |
Manufacturers and Traders Trust Company | $155,000 | n/a | 0.3% | |
U.S. Bank | $320,000 | $150,000 | -53.1% | 0.3% |
First International Bank & Trust | $145,000 | n/a | 0.2% | |
PLAZA HOME MORTGAGE, INC. | $145,000 | n/a | 0.2% | |
Arvest Bank | $135,000 | n/a | 0.2% | |
Great Western Bank | $35,000 | $130,000 | 271.4% | 0.2% |
Truist Bank | $95,000 | $125,000 | 31.6% | 0.2% |
AMERICAN ADVISORS GROUP | $130,000 | $115,000 | -11.5% | 0.2% |
CMG MORTGAGE, INC. | $105,000 | n/a | 0.2% | |
Flagstar Bank, FSB | $345,000 | $105,000 | -69.6% | 0.2% |
NAVY FEDERAL CREDIT UNION | $195,000 | $105,000 | -46.2% | 0.2% |
Bank of the West | $660,000 | $100,000 | -84.8% | 0.2% |
JPMorgan Chase Bank | $55,000 | $75,000 | 36.4% | 0.1% |
Lend Smart Mortgage, LLC | $75,000 | n/a | 0.1% | |
Discover Bank | $55,000 | n/a | 0.1% |
Huron's top lender by overall market share is American Bank & Trust, with 23.0% market share. In second place, with 16.8%, is Bell Bank, having originated $10,080,000 in loans. In third place, with 15.7%, is First National Bank, having originated $9,395,000 in loans. In third place, with 5.7%, is Plains Commerce Bank, having originated $3,435,000 in loans. In third place, with 5.3%, is QUICKEN LOANS, LLC, having originated $3,170,000 in loans.
Huron, SD Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 148 | $37,550,000 | $253,716 |
Refi | 73 | $13,765,000 | $188,562 |
Cash Out Refi | 48 | $7,670,000 | $159,792 |
Other | 5 | $505,000 | $101,000 |
Home Improvement | 3 | $355,000 | $118,333 |
Huron's most frequently cited loan purpose was Home Purchase, with 148 originations. The 2nd most popular reason was Refi, with 73 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 103 | $16,225,000 | $157,524 |
3-4% | 82 | $27,400,000 | $334,146 |
<2.5% | 78 | $14,470,000 | $185,513 |
4-5% | 13 | $1,695,000 | $130,385 |
5-6% | 1 | $55,000 | $55,000 |
During 2021, Huron's most frequently originated rate bucket was 2.5-3%, with 103 originations.
Loan Sizing (Huron, SD MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 126 | $18,530,000 | $147,063 |
$200k-400k | 76 | $20,320,000 | $267,368 |
$100,000 or less | 63 | $4,095,000 | $65,000 |
$400k-600k | 8 | $3,780,000 | $472,500 |
$600k-1000k | 2 | $1,510,000 | $755,000 |
$Over $1MM | 2 | $11,610,000 | $5,805,000 |
Huron's loan sizing saw the bucket of loans from $100k-200k with 126 originations, totaling $18,530,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 139 | $35,805,000 | $257,590 |
60-80% | 84 | $16,800,000 | $200,000 |
40-60% | 27 | $3,415,000 | $126,481 |
Over 100% | 10 | $2,080,000 | $208,000 |
20-40% | 6 | $530,000 | $88,333 |
Under 20% | 3 | $25,000 | $8,333 |
Huron's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 139 originations, totaling $35,805,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Huron (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 | $149,900 (3.4%) | $185,160 (15.4%) | 0.00 | 92 |
2018-02-01 | $150,000 (9.1%) | $190,219 (21.7%) | 0.00 | 88 |
2018-03-01 | $174,900 (18.6%) | $194,768 (23.0%) | 0.00 | 94 |
2018-04-01 | $179,900 (24.1%) | $193,486 (23.6%) | 0.00 | 103 |
2018-05-01 | $179,000 (19.4%) | $191,301 (14.9%) | 0.00 | 111 |
2018-06-01 | $169,900 (12.2%) | $189,146 (6.6%) | 0.00 | 119 |
2018-07-01 | $166,000 (4.4%) | $183,188 (3.3%) | 0.00 | 127 |
2018-08-01 | $159,900 (-0.1%) | $180,649 (-3.4%) | 0.00 | 128 |
2018-09-01 | $159,900 (1.9%) | $177,979 (-2.9%) | 0.00 | 129 |
2018-10-01 | $159,000 (6.4%) | $174,404 (-4.4%) | 0.00 | 117 |
2018-11-01 | $163,200 (12.6%) | $176,256 (-1.9%) | 0.00 | 109 |
2018-12-01 | $159,900 (14.3%) | $174,077 (-3.5%) | 0.00 | 106 |
2019-01-01 | $159,000 (6.1%) | $171,221 (-7.5%) | 0.00 | 97 |
2019-02-01 | $155,000 (3.3%) | $167,227 (-12.1%) | 0.00 | 97 |
2019-03-01 | $153,800 (-12.1%) | $169,706 (-12.9%) | 0.00 | 94 |
2019-04-01 | $159,450 (-11.4%) | $175,963 (-9.1%) | 0.00 | 92 |
2019-05-01 | $161,850 (-9.6%) | $173,240 (-9.4%) | 0.00 | 96 |
2019-06-01 | $159,000 (-6.4%) | $175,799 (-7.1%) | 0.00 | 98 |
2019-07-01 | $159,000 (-4.2%) | $170,405 (-7.0%) | 0.00 | 100 |
2019-08-01 | $152,814 (-4.4%) | $173,125 (-4.2%) | 0.00 | 109 |
2019-09-01 | $149,900 (-6.3%) | $180,738 (1.6%) | 0.00 | 102 |
2019-10-01 | $157,000 (-1.3%) | $179,434 (2.9%) | 0.00 | 114 |
2019-11-01 | $157,500 (-3.5%) | $176,823 (0.3%) | 0.00 | 105 |
2019-12-01 | $155,950 (-2.5%) | $178,487 (2.5%) | 0.00 | 100 |
2020-01-01 | $154,900 (-2.6%) | $169,128 (-1.2%) | 0.00 | 98 |
2020-02-01 | $159,000 (2.6%) | $172,888 (3.4%) | 0.00 | 102 |
2020-03-01 | $159,500 (3.7%) | $179,573 (5.8%) | 0.00 | 97 |
2020-04-01 | $157,450 (-1.3%) | $181,111 (2.9%) | 0.00 | 90 |
2020-05-01 | $159,900 (-1.2%) | $173,596 (0.2%) | 0.00 | 95 |
2020-06-01 | $159,450 (0.3%) | $166,829 (-5.1%) | 0.00 | 92 |
2020-07-01 | $159,900 (0.6%) | $165,404 (-2.9%) | 0.00 | 78 |
2020-08-01 | $159,000 (4.1%) | $172,021 (-0.6%) | 0.00 | 77 |
2020-09-01 | $164,950 (10.0%) | $175,950 (-2.7%) | 0.00 | 75 |
2020-10-01 | $152,000 (-3.2%) | $168,983 (-5.8%) | 0.00 | 72 |
2020-11-01 | $143,835 (-8.7%) | $154,405 (-12.7%) | 0.00 | 75 |
2020-12-01 | $147,900 (-5.2%) | $158,944 (-11.0%) | 0.00 | 68 |
2021-01-01 | $148,000 (-4.5%) | $162,916 (-3.7%) | 0.00 | 59 |
2021-02-01 | $148,000 (-6.9%) | $169,984 (-1.7%) | 0.00 | 53 |
2021-03-01 | $154,900 (-2.9%) | $184,889 (3.0%) | 0.00 | 52 |
2021-04-01 | $154,900 (-1.6%) | $223,860 (23.6%) | 0.00 | 54 |
2021-05-01 | $179,900 (12.5%) | $237,630 (36.9%) | 0.00 | 47 |
2021-06-01 | $189,450 (18.8%) | $252,009 (51.1%) | 0.00 | 41 |
2021-07-01 | $202,450 (26.6%) | $279,119 (68.8%) | 0.00 | 35 |
2021-08-01 | $179,900 (13.1%) | $250,113 (45.4%) | 0.00 | 38 |
2021-09-01 | $181,900 (10.3%) | $252,062 (43.3%) | 0.00 | 41 |
2021-10-01 | $176,000 (15.8%) | $243,608 (44.2%) | 0.00 | 44 |
2021-11-01 | $162,875 (13.2%) | $239,561 (55.2%) | 0.00 | 45 |
2021-12-01 | $162,950 (10.2%) | $237,919 (49.7%) | 0.00 | 42 |
2022-01-01 | $157,500 (6.4%) | $241,525 (48.3%) | 0.00 | 35 |
2022-02-01 | $176,450 (19.2%) | $228,725 (34.6%) | 0.00 | 32 |
2022-03-01 | $156,700 (1.2%) | $213,882 (15.7%) | 0.00 | 27 |
2022-04-01 | $179,000 (15.6%) | $250,943 (12.1%) | 0.00 | 22 |
2022-05-01 | $182,000 (1.2%) | $269,878 (13.6%) | 0.00 | 26 |
2022-06-01 | $196,500 (3.7%) | $306,930 (21.8%) | 0.00 | 27 |
Huron's median listing price comes in at 0% of the national average.
Huron's average listing price for 2022-06-01 was $306,930, a difference of $54,921 (21.8%) versus the prior year and $37,052 versus the prior month.
For the 2022-06-01 period, Huron had 27 MLS listings, a difference of 1 listings (4%) versus the prior month and -14 listings (-34%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Huron (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 2,206 sqft |
2018-04-01 | 0 days | 2,272 sqft |
2018-05-01 | 0 days | 2,176 sqft |
2018-06-01 | 0 days | 2,176 sqft |
2018-07-01 | 0 days | 2,199 sqft |
2018-08-01 | 0 days | 2,176 sqft |
2018-09-01 | 0 days | 2,176 sqft |
2018-10-01 | 0 days | 2,176 sqft |
2018-11-01 | 0 days | 2,176 sqft |
2018-12-01 | 0 days | 2,136 sqft |
2019-01-01 | 0 days | 2,136 sqft |
2019-02-01 | 0 days | 2,135 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 | 2,135 sqft |
2019-07-01 | 0 days | 2,176 sqft |
2019-08-01 | 0 days | 2,082 sqft |
2019-09-01 | 0 days | 2,084 sqft |
2019-10-01 | 0 days | 2,060 sqft |
2019-11-01 | 0 days | 2,076 sqft |
2019-12-01 | 0 days | 2,082 sqft |
2020-01-01 | 0 days | 2,064 sqft |
2020-02-01 | 0 days | 2,076 sqft |
2020-03-01 | 0 days | 2,080 sqft |
2020-04-01 | 0 days | 2,149 sqft |
2020-05-01 | 0 days | 2,160 sqft |
2020-06-01 | 0 days | 2,096 sqft |
2020-07-01 | 0 days | 2,112 sqft |
2020-08-01 | 0 days | 2,138 sqft |
2020-09-01 | 0 days | 2,176 sqft |
2020-10-01 | 0 days | 2,138 sqft |
2020-11-01 | 0 days | 2,135 sqft |
2020-12-01 | 0 days | 2,137 sqft |
2021-01-01 | 0 days | 2,020 sqft |
2021-02-01 | 0 days | 1,976 sqft |
2021-03-01 | 0 days | 2,012 sqft |
2021-04-01 | 0 days | 2,116 sqft |
2021-05-01 | 0 days | 2,194 sqft |
2021-06-01 | 0 days | 2,304 sqft |
2021-07-01 | 0 days | 2,561 sqft |
2021-08-01 | 0 days | 2,256 sqft |
2021-09-01 | 0 days | 2,258 sqft |
2021-10-01 | 0 days | 2,216 sqft |
2021-11-01 | 0 days | 2,032 sqft |
2021-12-01 | 0 days | 1,986 sqft |
2022-01-01 | 0 days | 1,968 sqft |
2022-02-01 | 0 days | 1,986 sqft |
2022-03-01 | 0 days | 1,992 sqft |
2022-04-01 | 0 days | 1,827 sqft |
2022-05-01 | 0 days | 1,640 sqft |
2022-06-01 | 0 days | 1,898 sqft |
Huron's median square footage for active listings during the 2022-06-01 period was 1,898 sqft. One year prior, the average listing was 2,304 sqft.