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 5.92% for the week of 2024-10-03, compared to the national average of 6.12% for the same period.

The average rate for the prior week (2024-09-26) was 6.08% and one month ago for the week of 2024-08-29, the average rate was 6.45%.

Huron's average rate one year ago was 7.11%.

For refis of the same type during the week of 2024-10-03, the average rate was 6.02%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-03 6.12%
Huron 30 Year Fixed Rate 2024-10-03 5.92%
Huron 30 Year Fixed Rate Refi 2024-10-03 6.02%
Huron 15 Year Fixed Rate 2024-10-03 5.05%
Huron 15 Year Fixed Rate Refi 2024-10-03 5.65%
Huron 30 Year FHA 2024-10-03 5.99%
Huron 30 Year FHA Refi 2024-10-03 6.19%
Huron 30 Year USDA 2024-10-03 6.17%
Huron 30 Year USDA Refi 2024-10-03 5.77%
Huron 30 Year VA 2024-10-03 5.8%
Huron 30 Year VA Refi 2024-10-03 5.7%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
American Bank & Trust 17 6.47% $4,774
First National Bank 16 6.65% $3,179
Plains Commerce Bank 5 6.13% $3,183
First PREMIER Bank 2 6.44% $5,119
Farm Credit Mid-America, ACA 2 8.31% $5,230
QUICKEN LOANS, LLC 2 7.06% $4,788
NAVY FEDERAL CREDIT UNION 1 6.00% $922
NEWREZ LLC 1 9.75% $4,205
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.99% $8,800
UNITED WHOLESALE MORTGAGE, LLC 1 7.00% $7,813
CROSSCOUNTRY MORTGAGE, LLC 1 7.38% $8,475
Deere Employees Credit Union 1 5.88% $3,916
First National Bank of Omaha 1 7.50% $3,010
First Western Trust Bank 1 6.25% $918
Mortgage Research Center, LLC 1 7.63% $1,999

Huron Average Closing Costs & Other Stats

Huron, SD's 15 lenders originated 156 loans during 2023. The total origination value was $38,600,000, with an average loan value of $247,436.

Huron's average closing costs are $4,671.

The top Huron lender as defined by loan originations is American Bank & Trust, with 17 loans originated. Their average total fees are $4,774, which is $1,595 higher than the next largest lender, First National Bank.

The lowest fee Huron lenders (with over 10 loans originated) are First National Bank ($3,179), American Bank & Trust ($4,774), .

The lowest rate Huron lenders (with over 10 loans originated) are American Bank & Trust (6.47%), First National Bank (6.65%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
American Bank & Trust $7,545,000 $20,875,000 176.7% 54.1%
First National Bank $5,850,000 $5,430,000 -7.2% 14.1%
Plains Commerce Bank $3,295,000 $2,390,000 -27.5% 6.2%
BANKWEST, INC. $1,145,000 $1,150,000 0.4% 3.0%
QUICKEN LOANS, LLC $3,480,000 $1,015,000 -70.8% 2.6%
Mortgage Research Center, LLC $465,000 $985,000 111.8% 2.6%
Servion, Inc. $350,000 $890,000 154.3% 2.3%
First PREMIER Bank $545,000 $875,000 60.6% 2.3%
Farm Credit Mid-America, ACA $1,455,000 $630,000 -56.7% 1.6%
PRIMARY RESIDENTIAL MORTGAGE, INC. $625,000 n/a 1.6%
First National Bank of Omaha $435,000 $360,000 -17.2% 0.9%
NEWREZ LLC $345,000 n/a 0.9%
CROSSCOUNTRY MORTGAGE, LLC $360,000 $305,000 -15.3% 0.8%
Ixonia Bank $255,000 n/a 0.7%
Deere Employees Credit Union $250,000 n/a 0.6%
NEW DAY FINANCIAL, LLC $245,000 n/a 0.6%
LOANDEPOT.COM, LLC $205,000 n/a 0.5%
UNITED WHOLESALE MORTGAGE, LLC $245,000 $205,000 -16.3% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $260,000 $185,000 -28.8% 0.5%
NAVY FEDERAL CREDIT UNION $185,000 n/a 0.5%
First International Bank & Trust $905,000 $155,000 -82.9% 0.4%
CU MORTGAGE DIRECT, LLC $145,000 n/a 0.4%
AMERISAVE MORTGAGE CORPORATION $115,000 n/a 0.3%
First Dakota National Bank $580,000 $105,000 -81.9% 0.3%
U.S. Bank $85,000 n/a 0.2%
BMO Harris Bank $80,000 n/a 0.2%
CorTrust Bank $80,000 n/a 0.2%
Wells Fargo Bank $200,000 $75,000 -62.5% 0.2%
Coastal Community Bank $70,000 n/a 0.2%
First Western Trust Bank $65,000 n/a 0.2%
Rivers Edge Bank $65,000 n/a 0.2%
FINANCE OF AMERICA REVERSE LLC $55,000 n/a 0.1%
PENNYMAC LOAN SERVICES, LLC $325,000 $55,000 -83.1% 0.1%
First Bank & Trust $45,000 n/a 0.1%

Huron's top lender by overall market share is American Bank & Trust, with 54.1% market share. In second place, with 14.1%, is First National Bank, having originated $5,430,000 in loans. In third place, with 6.2%, is Plains Commerce Bank, having originated $2,390,000 in loans. In fourth place, with 3.0%, is BANKWEST, INC., having originated $1,150,000 in loans. In fifth place, with 2.6%, is QUICKEN LOANS, LLC, having originated $1,015,000 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
2023-11-01 $203,675 (16.2%) $238,877 (2.5%) 0.00 42
2023-12-01 $184,900 (4.9%) $223,849 (-9.0%) 0.00 41
2024-01-01 $170,000 (-3.6%) $198,211 (-17.0%) 0.00 41
2024-02-01 $172,000 (-14.0%) $206,267 (-18.9%) 0.00 39
2024-03-01 $189,000 (-4.3%) $219,126 (-15.5%) 0.00 42
2024-04-01 $199,675 (-0.1%) $239,879 (-10.0%) 0.00 43
2024-05-01 $224,000 (12.1%) $251,496 (-1.7%) 0.00 47
2024-06-01 $249,900 (23.5%) $300,752 (15.1%) 0.00 41
2024-07-01 $249,900 (20.5%) $286,166 (10.6%) 0.00 44
2024-08-01 $229,500 (8.9%) $262,555 (0.8%) 0.00 48
2024-09-01 $234,500 (2.0%) $270,015 (-0.3%) 0.00 40
Huron's median listing price for 2024-09-01 was $234,500, a difference of $4,500 (2.0%) versus the prior year and $5,000 versus the prior month.

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

Huron's average listing price for 2024-09-01 was $270,015, a difference of $-787 (-0.3%) versus the prior year and $7,460 versus the prior month.

For the 2024-09-01 period, Huron had 40 MLS listings, a difference of -8 listings (-17%) versus the prior month and -2 listings (-5%) 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
2023-11-01 0 days 2,010 sqft
2023-12-01 0 days 1,876 sqft
2024-01-01 0 days 1,792 sqft
2024-02-01 0 days 1,674 sqft
2024-03-01 0 days 1,801 sqft
2024-04-01 0 days 1,885 sqft
2024-05-01 0 days 1,939 sqft
2024-06-01 0 days 1,953 sqft
2024-07-01 0 days 1,922 sqft
2024-08-01 0 days 1,872 sqft
2024-09-01 0 days 2,043 sqft
Huron's median listing age (time on market) for 2024-09-01 was 0 days.

Huron's median square footage for active listings during the 2024-09-01 period was 2,043 sqft. One year prior, the average listing was 2,297 sqft.

Huron, SD Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 117 $34,385,000 $293,889
Cash Out Refi 14 $2,160,000 $154,286
Refi 10 $1,470,000 $147,000
Home Improvement 8 $360,000 $45,000
Other 7 $225,000 $32,143

Huron's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 60 $12,170,000 $202,833
5-6% 37 $6,885,000 $186,081
7-8% 31 $17,035,000 $549,516
Over 8% 23 $1,955,000 $85,000
4-5% 2 $410,000 $205,000

During 2023, Huron's most frequently originated rate bucket was 6-7%, with 60 originations.

Loan Sizing (Huron, SD MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 50 $7,210,000 $144,200
$200k-400k 50 $14,140,000 $282,800
$100,000 or less 49 $3,005,000 $61,327
$400k-600k 5 $2,325,000 $465,000
$600k-1000k 1 $645,000 $645,000
$Over $1MM 1 $11,275,000 $11,275,000

Huron's loan sizing saw the bucket of loans from $100k-200k with 50 originations, totaling $7,210,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 92 $17,990,000 $195,543
60-80% 33 $17,915,000 $542,879
20-40% 11 $545,000 $49,545
40-60% 10 $1,550,000 $155,000
Under 20% 5 $155,000 $31,000
Over 100% 2 $300,000 $150,000

Huron's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 92 originations, totaling $17,990,000 in origination value.