Huron Mortgage Rates & Closing Costs
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% |
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. LouisDate | 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 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. 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 | 2,235 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 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.