Huron Mortgage Rates

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

    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%
    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 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. Louis
    Date 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 for 2022-06-01 was $196,500, a difference of $7,050 (3.7%) versus the prior year and $14,500 versus the prior month.

    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. 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 2,206 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 listing age (time on market) for 2022-06-01 was 0 days.

    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.