Hutchinson Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Hutchinson averaged
7.12%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.76% and
one month ago for the week of 2023-08-10, the
average rate was 6.7%.
Hutchinson's average rate one year ago was 5.63%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.28%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
Hutchinson 30 Year Fixed Rate | 2023-09-14 | 7.12% |
Hutchinson 30 Year Fixed Rate Refi | 2023-09-14 | 7.28% |
Hutchinson 15 Year Fixed Rate | 2023-09-14 | 6.51% |
Hutchinson 15 Year Fixed Rate Refi | 2023-09-14 | 6.41% |
Hutchinson 30 Year FHA | 2023-09-14 | 6.95% |
Hutchinson 30 Year FHA Refi | 2023-09-14 | 7.09% |
Hutchinson 30 Year USDA | 2023-09-14 | 7.18% |
Hutchinson 30 Year USDA Refi | 2023-09-14 | 7.08% |
Hutchinson 30 Year VA | 2023-09-14 | 7.01% |
Hutchinson 30 Year VA Refi | 2023-09-14 | 6.71% |
Hutchinson 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 Hutchinson, KS 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.).
Hutchinson Average Closing Costs & Other Stats
Hutchinson, KS's 65 lenders originated 977
loans during 2022. The total origination value was $135,495,000, with an average loan value of
$138,685.
Hutchinson's average closing costs are $3,579.
The top Hutchinson lender as defined by loan originations is HEARTLAND CREDIT UNION, with
85 loans originated. Their average total fees are
$2,263, which is $1,796
lower than the next largest lender,
PRIMARY RESIDENTIAL MORTGAGE, INC..
The lowest fee Hutchinson lenders (with over 10 loans originated) are
HEARTLAND CREDIT UNION ($2,263), CREDIT UNION OF AMERICA ($2,524), PRIMARY RESIDENTIAL MORTGAGE, INC. ($4,060), OPEN MORTGAGE, LLC ($4,603) and QUICKEN LOANS, LLC ($4,706).
The lowest rate Hutchinson lenders (with over 10 loans originated) are
HEARTLAND CREDIT UNION (4.85%), CREDIT UNION OF AMERICA (5.06%), QUICKEN LOANS, LLC (5.35%), OPEN MORTGAGE, LLC (5.37%) and PRIMARY RESIDENTIAL MORTGAGE, INC. (5.48%).
Hutchinson, KS 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 |
---|---|---|---|---|
PRIMARY RESIDENTIAL MORTGAGE, INC. | $32,105,000 | $17,550,000 | -45.3% | 13.0% |
HEARTLAND CREDIT UNION | $43,065,000 | $17,040,000 | -60.4% | 12.6% |
CREDIT UNION OF AMERICA | $10,170,000 | $7,890,000 | -22.4% | 5.8% |
QUICKEN LOANS, LLC | $12,395,000 | $7,275,000 | -41.3% | 5.4% |
OPEN MORTGAGE, LLC | $9,885,000 | $7,175,000 | -27.4% | 5.3% |
RCB Bank | $3,480,000 | $5,235,000 | 50.4% | 3.9% |
Mortgage Research Center, LLC | $2,965,000 | $2,810,000 | -5.2% | 2.1% |
Gateway First Bank | $1,475,000 | $2,470,000 | 67.5% | 1.8% |
Members Mortgage Services, L.L.C. | $3,370,000 | $2,430,000 | -27.9% | 1.8% |
UNITED WHOLESALE MORTGAGE, LLC | $495,000 | $2,270,000 | 358.6% | 1.7% |
Exchange Bank | $1,955,000 | n/a | 1.4% | |
FREEDOM MORTGAGE CORPORATION | $5,410,000 | $1,935,000 | -64.2% | 1.4% |
Landmark National Bank | $380,000 | $1,615,000 | 325.0% | 1.2% |
Mr. Cooper ( Nationstar Mortgage ) | $2,135,000 | $1,570,000 | -26.5% | 1.2% |
Wells Fargo Bank | $2,565,000 | $1,410,000 | -45.0% | 1.0% |
FLAT BRANCH MORTGAGE, INC. | $1,710,000 | $1,325,000 | -22.5% | 1.0% |
Emprise Bank | $1,240,000 | $1,310,000 | 5.6% | 1.0% |
Envista Credit Union | $635,000 | $1,285,000 | 102.4% | 0.9% |
HOME POINT FINANCIAL CORPORATION | $3,840,000 | $1,285,000 | -66.5% | 0.9% |
MERITRUST Federal Credit Union | $1,240,000 | $1,280,000 | 3.2% | 0.9% |
Capitol Federal Savings Bank | $405,000 | $1,260,000 | 211.1% | 0.9% |
NEW DAY FINANCIAL, LLC | $760,000 | $1,130,000 | 48.7% | 0.8% |
Commerce Bank | $930,000 | $1,110,000 | 19.4% | 0.8% |
Garden Plain State Bank | $685,000 | $1,090,000 | 59.1% | 0.8% |
Community National Bank & Trust | $330,000 | $1,045,000 | 216.7% | 0.8% |
AMERISAVE MORTGAGE CORPORATION | $1,170,000 | $955,000 | -18.4% | 0.7% |
NAVY FEDERAL CREDIT UNION | $1,090,000 | $935,000 | -14.2% | 0.7% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,195,000 | $855,000 | -28.5% | 0.6% |
LOANDEPOT.COM, LLC | $1,360,000 | $805,000 | -40.8% | 0.6% |
DELMAR FINANCIAL COMPANY | $645,000 | $770,000 | 19.4% | 0.6% |
Citizens Bank of Kansas | $380,000 | $675,000 | 77.6% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $3,120,000 | $665,000 | -78.7% | 0.5% |
Regent Financial Group, Inc. | $1,620,000 | $655,000 | -59.6% | 0.5% |
Fidelity Bank | $1,540,000 | $645,000 | -58.1% | 0.5% |
Bank of America | $315,000 | $630,000 | 100.0% | 0.5% |
USAA Federal Savings Bank | $765,000 | $550,000 | -28.1% | 0.4% |
Simmons Bank | $455,000 | $520,000 | 14.3% | 0.4% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $735,000 | $515,000 | -29.9% | 0.4% |
Flagstar Bank, FSB | $455,000 | $485,000 | 6.6% | 0.4% |
CMG MORTGAGE, INC. | $260,000 | $475,000 | 82.7% | 0.4% |
The Citizens State Bank | $2,760,000 | $455,000 | -83.5% | 0.3% |
Plains Commerce Bank | $420,000 | $450,000 | 7.1% | 0.3% |
American National Bank | $445,000 | n/a | 0.3% | |
Waterstone Mortgage Corporation | $445,000 | n/a | 0.3% | |
KS StateBank | $310,000 | $440,000 | 41.9% | 0.3% |
Sierra Pacific Mortgage Company, Inc. | $390,000 | $440,000 | 12.8% | 0.3% |
GOLDEN PLAINS | $415,000 | $435,000 | 4.8% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $430,000 | n/a | 0.3% | |
Magnolia Bank | $425,000 | n/a | 0.3% | |
NBH Bank | $145,000 | $415,000 | 186.2% | 0.3% |
BETTER MORTGAGE CORPORATION | $375,000 | n/a | 0.3% | |
Wichita Federal Credit Union | $660,000 | $370,000 | -43.9% | 0.3% |
Northpointe Bank | $575,000 | $365,000 | -36.5% | 0.3% |
The Union State Bank | $620,000 | $360,000 | -41.9% | 0.3% |
The Halstead Bank | $380,000 | $355,000 | -6.6% | 0.3% |
LAKEVIEW LOAN SERVICING, LLC | $580,000 | $330,000 | -43.1% | 0.2% |
Armed Forces Bank | $315,000 | n/a | 0.2% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $315,000 | n/a | 0.2% | |
PHH Mortgage Corporation | $75,000 | $310,000 | 313.3% | 0.2% |
FINANCE OF AMERICA MORTGAGE LLC | $215,000 | $295,000 | 37.2% | 0.2% |
CALIBER HOME LOANS, INC. | $775,000 | $290,000 | -62.6% | 0.2% |
Exchange Bank of Missouri | $285,000 | n/a | 0.2% | |
AMERICAN FINANCING CORPORATION | $1,040,000 | $275,000 | -73.6% | 0.2% |
Farm Credit Mid-America, ACA | $215,000 | $275,000 | 27.9% | 0.2% |
NEWREZ LLC | $670,000 | $275,000 | -59.0% | 0.2% |
GERSHMAN INVESTMENT CORP. | $265,000 | n/a | 0.2% | |
Discover Bank | $260,000 | n/a | 0.2% | |
Bank of the West | $310,000 | $255,000 | -17.7% | 0.2% |
M&T Bank | $165,000 | $250,000 | 51.5% | 0.2% |
North American Savings Bank, F.S.B. | $405,000 | $245,000 | -39.5% | 0.2% |
Arvest Bank | $75,000 | $230,000 | 206.7% | 0.2% |
CROSSCOUNTRY MORTGAGE, LLC | $230,000 | n/a | 0.2% | |
LEADERONE FINANCIAL CORPORATION | $990,000 | $230,000 | -76.8% | 0.2% |
Carrington Mortgage Services, LLC | $65,000 | $220,000 | 238.5% | 0.2% |
PEOPLES STATE BANK | $220,000 | n/a | 0.2% | |
JAMES B. NUTTER & COMPANY | $205,000 | n/a | 0.2% | |
21ST MORTGAGE CORPORATION | $385,000 | $180,000 | -53.2% | 0.1% |
JPMorgan Chase Bank | $255,000 | $180,000 | -29.4% | 0.1% |
The Stock Exchange Bank | $180,000 | n/a | 0.1% | |
The Central Trust Bank | $135,000 | $175,000 | 29.6% | 0.1% |
FBC MORTGAGE, LLC | $160,000 | n/a | 0.1% | |
The Bennington State Bank | $480,000 | $160,000 | -66.7% | 0.1% |
Chicago Mortgage Solutions LLC | $135,000 | n/a | 0.1% | |
Farmers Bank & Trust | $125,000 | n/a | 0.1% | |
INLAND BANK & TRUST | $410,000 | $125,000 | -69.5% | 0.1% |
KANZA Bank | $320,000 | $125,000 | -60.9% | 0.1% |
Nations Lending Corporation | $285,000 | $125,000 | -56.1% | 0.1% |
Sunflower Bank | $425,000 | $125,000 | -70.6% | 0.1% |
U.S. Bank | $1,395,000 | $120,000 | -91.4% | 0.1% |
CHURCHILL MORTGAGE CORPORATION | $185,000 | $115,000 | -37.8% | 0.1% |
DAS Acquisition Company, LLC | $105,000 | n/a | 0.1% | |
EVERETT FINANCIAL, INC. | $105,000 | n/a | 0.1% | |
Intrust Bank | $660,000 | $105,000 | -84.1% | 0.1% |
MID AMERICA MORTGAGE, INC. | $135,000 | $105,000 | -22.2% | 0.1% |
US MORTGAGE CORPORATION | $105,000 | n/a | 0.1% | |
ACADEMY MORTGAGE CORPORATION | $95,000 | n/a | 0.1% | |
NETWORK CAPITAL FUNDING CORPORATION | $95,000 | n/a | 0.1% | |
AMERICAN FINANCIAL RESOURCES, INC. | $115,000 | $85,000 | -26.1% | 0.1% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $85,000 | n/a | 0.1% | |
Austin Capital Bank SSB | $85,000 | n/a | 0.1% | |
Equity Prime Mortgage LLC | $85,000 | $85,000 | 0.0% | 0.1% |
MID AMERICAN | $465,000 | $85,000 | -81.7% | 0.1% |
VALLEY STATE BANK | $45,000 | $85,000 | 88.9% | 0.1% |
THRIVE MORTGAGE, LLC | $80,000 | n/a | 0.1% | |
BROKER SOLUTIONS, INC. | $665,000 | $75,000 | -88.7% | 0.1% |
Citizens Bank | $75,000 | n/a | 0.1% | |
Legacy Bank | $75,000 | n/a | 0.1% | |
NUMARK CREDIT UNION | $75,000 | n/a | 0.1% | |
REVERSE MORTGAGE FUNDING LLC | $65,000 | n/a | 0.0% | |
ROYAL UNITED MORTGAGE LLC | $130,000 | $65,000 | -50.0% | 0.0% |
BNC National Bank | $395,000 | $55,000 | -86.1% | 0.0% |
Northwest Farm Credit Services, FLCA | $315,000 | $55,000 | -82.5% | 0.0% |
PNC Bank | $370,000 | $45,000 | -87.8% | 0.0% |
SPRING EQ, LLC | $45,000 | n/a | 0.0% | |
TRIAD FINANCIAL SERVICES, INC. | $155,000 | $35,000 | -77.4% | 0.0% |
Deere Employees Credit Union | $25,000 | n/a | 0.0% |
Hutchinson's top lender by overall market share is PRIMARY RESIDENTIAL MORTGAGE, INC., with 13.0% market share. In second place, with 12.6%, is HEARTLAND CREDIT UNION, having originated $17,040,000 in loans. In third place, with 5.8%, is CREDIT UNION OF AMERICA, having originated $7,890,000 in loans. In fourth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $7,275,000 in loans. In fifth place, with 5.3%, is OPEN MORTGAGE, LLC, having originated $7,175,000 in loans.
Hutchinson Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Hutchinson (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 | $99,438 (4.7%) | $144,853 (3.1%) | 0.00 | 250 |
2018-02-01 | $99,925 (-5.2%) | $144,397 (-2.4%) | 0.00 | 236 |
2018-03-01 | $105,950 (-1.7%) | $146,945 (0.3%) | 0.00 | 239 |
2018-04-01 | $106,725 (-8.8%) | $147,406 (-3.3%) | 0.00 | 247 |
2018-05-01 | $110,550 (-4.9%) | $154,421 (0.5%) | 0.00 | 259 |
2018-06-01 | $115,000 (-0.4%) | $159,645 (2.1%) | 0.00 | 283 |
2018-07-01 | $119,050 (3.5%) | $170,224 (8.4%) | 0.00 | 281 |
2018-08-01 | $115,000 (4.6%) | $169,026 (13.5%) | 0.00 | 283 |
2018-09-01 | $115,900 (0.1%) | $174,397 (16.2%) | 0.00 | 275 |
2018-10-01 | $115,750 (-0.8%) | $172,155 (11.2%) | 0.00 | 286 |
2018-11-01 | $112,700 (0.2%) | $166,216 (9.4%) | 0.00 | 283 |
2018-12-01 | $108,250 (-1.5%) | $165,831 (10.9%) | 0.00 | 266 |
2019-01-01 | $104,300 (4.9%) | $160,020 (10.5%) | 0.00 | 249 |
2019-02-01 | $101,550 (1.6%) | $159,180 (10.2%) | 0.00 | 224 |
2019-03-01 | $109,714 (3.6%) | $172,236 (17.2%) | 0.00 | 216 |
2019-04-01 | $115,000 (7.8%) | $179,391 (21.7%) | 0.00 | 217 |
2019-05-01 | $125,000 (13.1%) | $184,140 (19.3%) | 0.00 | 218 |
2019-06-01 | $109,900 (-4.4%) | $176,680 (10.7%) | 0.00 | 214 |
2019-07-01 | $99,700 (-16.3%) | $167,023 (-1.9%) | 0.00 | 238 |
2019-08-01 | $102,745 (-10.7%) | $168,505 (-0.3%) | 0.00 | 240 |
2019-09-01 | $108,514 (-6.4%) | $172,901 (-0.9%) | 0.00 | 239 |
2019-10-01 | $113,750 (-1.7%) | $176,092 (2.3%) | 0.00 | 239 |
2019-11-01 | $112,000 (-0.6%) | $172,310 (3.7%) | 0.00 | 254 |
2019-12-01 | $99,950 (-7.7%) | $168,519 (1.6%) | 0.00 | 245 |
2020-01-01 | $99,900 (-4.2%) | $164,911 (3.1%) | 0.00 | 231 |
2020-02-01 | $99,900 (-1.6%) | $161,884 (1.7%) | 0.00 | 228 |
2020-03-01 | $105,750 (-3.6%) | $167,924 (-2.5%) | 0.00 | 203 |
2020-04-01 | $107,700 (-6.4%) | $169,338 (-5.6%) | 0.00 | 176 |
2020-05-01 | $114,900 (-8.1%) | $177,732 (-3.5%) | 0.00 | 151 |
2020-06-01 | $102,313 (-6.9%) | $192,159 (8.8%) | 0.00 | 129 |
2020-07-01 | $121,475 (21.8%) | $201,010 (20.4%) | 0.00 | 131 |
2020-08-01 | $119,900 (16.7%) | $204,966 (21.6%) | 0.00 | 106 |
2020-09-01 | $119,900 (10.5%) | $195,525 (13.1%) | 0.00 | 108 |
2020-10-01 | $104,500 (-8.1%) | $170,054 (-3.4%) | 0.00 | 107 |
2020-11-01 | $92,935 (-17.0%) | $159,007 (-7.7%) | 0.00 | 96 |
2020-12-01 | $109,950 (10.0%) | $175,135 (3.9%) | 0.00 | 89 |
2021-01-01 | $94,900 (-5.0%) | $168,918 (2.4%) | 0.00 | 65 |
2021-02-01 | $99,900 (0.0%) | $158,046 (-2.4%) | 0.00 | 46 |
2021-03-01 | $106,975 (1.2%) | $200,450 (19.4%) | 0.00 | 44 |
2021-04-01 | $114,325 (6.2%) | $193,806 (14.5%) | 0.00 | 54 |
2021-05-01 | $139,950 (21.8%) | $217,868 (22.6%) | 0.00 | 51 |
2021-06-01 | $135,800 (32.7%) | $220,486 (14.7%) | 0.00 | 61 |
2021-07-01 | $140,000 (15.3%) | $212,251 (5.6%) | 0.00 | 66 |
2021-08-01 | $136,175 (13.6%) | $206,624 (0.8%) | 0.00 | 67 |
2021-09-01 | $111,725 (-6.8%) | $177,322 (-9.3%) | 0.00 | 67 |
2021-10-01 | $109,900 (5.2%) | $163,228 (-4.0%) | 0.00 | 74 |
2021-11-01 | $88,900 (-4.3%) | $161,753 (1.7%) | 0.00 | 69 |
2021-12-01 | $90,425 (-17.8%) | $144,596 (-17.4%) | 0.00 | 54 |
2022-01-01 | $95,000 (0.1%) | $169,412 (0.3%) | 0.00 | 49 |
2022-02-01 | $94,450 (-5.5%) | $161,549 (2.2%) | 0.00 | 45 |
2022-03-01 | $104,950 (-1.9%) | $175,757 (-12.3%) | 0.00 | 44 |
2022-04-01 | $115,000 (0.6%) | $170,524 (-12.0%) | 0.00 | 53 |
2022-05-01 | $129,525 (-7.5%) | $172,090 (-21.0%) | 0.00 | 65 |
2022-06-01 | $131,500 (-3.2%) | $185,904 (-15.7%) | 0.00 | 57 |
2022-07-01 | $125,000 (-10.7%) | $197,864 (-6.8%) | 0.00 | 59 |
2022-08-01 | $122,500 (-10.0%) | $163,217 (-21.0%) | 0.00 | 67 |
2022-09-01 | $118,225 (5.8%) | $158,768 (-10.5%) | 0.00 | 79 |
2022-10-01 | $114,900 (4.6%) | $149,483 (-8.4%) | 0.00 | 79 |
2022-11-01 | $107,100 (20.5%) | $149,681 (-7.5%) | 0.00 | 75 |
2022-12-01 | $122,400 (35.4%) | $145,526 (0.6%) | 0.00 | 76 |
2023-01-01 | $136,225 (43.4%) | $162,149 (-4.3%) | 0.00 | 81 |
2023-02-01 | $146,500 (55.1%) | $167,594 (3.7%) | 0.00 | 75 |
2023-03-01 | $142,450 (35.7%) | $163,872 (-6.8%) | 0.00 | 69 |
2023-04-01 | $135,000 (17.4%) | $169,886 (-0.4%) | 0.00 | 66 |
2023-05-01 | $142,500 (10.0%) | $167,275 (-2.8%) | 0.00 | 72 |
2023-06-01 | $138,675 (5.5%) | $173,264 (-6.8%) | 0.00 | 92 |
2023-07-01 | $142,450 (14.0%) | $173,205 (-12.5%) | 0.00 | 102 |
2023-08-01 | $120,000 (-2.0%) | $165,635 (1.5%) | 0.00 | 94 |
Hutchinson's median listing price comes in at 0% of the national average.
Hutchinson's average listing price for 2023-08-01 was $165,635, a difference of $2,418 (1.5%) versus the prior year and $-7,570 versus the prior month.
For the 2023-08-01 period, Hutchinson had 94 MLS listings, a difference of -8 listings (-8%) versus the prior month and 27 listings (40%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hutchinson (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,721 sqft |
2018-02-01 | 0 days | 1,673 sqft |
2018-03-01 | 0 days | 1,717 sqft |
2018-04-01 | 0 days | 1,643 sqft |
2018-05-01 | 0 days | 1,649 sqft |
2018-06-01 | 0 days | 1,717 sqft |
2018-07-01 | 0 days | 1,728 sqft |
2018-08-01 | 0 days | 1,721 sqft |
2018-09-01 | 0 days | 1,728 sqft |
2018-10-01 | 0 days | 1,787 sqft |
2018-11-01 | 0 days | 1,730 sqft |
2018-12-01 | 0 days | 1,698 sqft |
2019-01-01 | 0 days | 1,697 sqft |
2019-02-01 | 0 days | 1,707 sqft |
2019-03-01 | 0 days | 1,717 sqft |
2019-04-01 | 0 days | 1,721 sqft |
2019-05-01 | 0 days | 1,779 sqft |
2019-06-01 | 0 days | 1,770 sqft |
2019-07-01 | 0 days | 1,678 sqft |
2019-08-01 | 0 days | 1,661 sqft |
2019-09-01 | 0 days | 1,686 sqft |
2019-10-01 | 0 days | 1,725 sqft |
2019-11-01 | 0 days | 1,717 sqft |
2019-12-01 | 0 days | 1,660 sqft |
2020-01-01 | 0 days | 1,664 sqft |
2020-02-01 | 0 days | 1,644 sqft |
2020-03-01 | 0 days | 1,709 sqft |
2020-04-01 | 0 days | 1,766 sqft |
2020-05-01 | 0 days | 1,783 sqft |
2020-06-01 | 0 days | 1,752 sqft |
2020-07-01 | 0 days | 1,823 sqft |
2020-08-01 | 0 days | 1,858 sqft |
2020-09-01 | 0 days | 1,792 sqft |
2020-10-01 | 0 days | 1,654 sqft |
2020-11-01 | 0 days | 1,549 sqft |
2020-12-01 | 0 days | 1,653 sqft |
2021-01-01 | 0 days | 1,484 sqft |
2021-02-01 | 0 days | 1,523 sqft |
2021-03-01 | 0 days | 1,768 sqft |
2021-04-01 | 0 days | 1,696 sqft |
2021-05-01 | 0 days | 1,728 sqft |
2021-06-01 | 0 days | 1,720 sqft |
2021-07-01 | 0 days | 1,761 sqft |
2021-08-01 | 0 days | 1,724 sqft |
2021-09-01 | 0 days | 1,629 sqft |
2021-10-01 | 0 days | 1,536 sqft |
2021-11-01 | 0 days | 1,468 sqft |
2021-12-01 | 0 days | 1,432 sqft |
2022-01-01 | 0 days | 1,534 sqft |
2022-02-01 | 0 days | 1,458 sqft |
2022-03-01 | 0 days | 1,481 sqft |
2022-04-01 | 0 days | 1,498 sqft |
2022-05-01 | 0 days | 1,505 sqft |
2022-06-01 | 0 days | 1,554 sqft |
2022-07-01 | 0 days | 1,585 sqft |
2022-08-01 | 0 days | 1,528 sqft |
2022-09-01 | 0 days | 1,510 sqft |
2022-10-01 | 0 days | 1,454 sqft |
2022-11-01 | 0 days | 1,386 sqft |
2022-12-01 | 0 days | 1,436 sqft |
2023-01-01 | 0 days | 1,496 sqft |
2023-02-01 | 0 days | 1,579 sqft |
2023-03-01 | 0 days | 1,562 sqft |
2023-04-01 | 0 days | 1,607 sqft |
2023-05-01 | 0 days | 1,765 sqft |
2023-06-01 | 0 days | 1,636 sqft |
2023-07-01 | 0 days | 1,757 sqft |
2023-08-01 | 0 days | 1,545 sqft |
Hutchinson's median square footage for active listings during the 2023-08-01 period was 1,545 sqft. One year prior, the average listing was 1,528 sqft.
Hutchinson, KS Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 626 | $95,050,000 | $151,837 |
Refi | 145 | $21,905,000 | $151,069 |
Cash Out Refi | 120 | $14,420,000 | $120,167 |
Home Improvement | 53 | $2,345,000 | $44,245 |
Other | 33 | $1,775,000 | $53,788 |
Hutchinson's most frequently cited loan purpose was Home Purchase, with 626 originations. The 2nd most popular reason was Refi, with 145 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 246 | $38,930,000 | $158,252 |
4-5% | 198 | $27,110,000 | $136,919 |
3-4% | 177 | $23,165,000 | $130,876 |
6-7% | 121 | $14,435,000 | $119,298 |
2.5-3% | 38 | $5,860,000 | $154,211 |
7-8% | 37 | $3,425,000 | $92,568 |
Over 8% | 9 | $515,000 | $57,222 |
<2.5% | 8 | $1,060,000 | $132,500 |
During 2022, Hutchinson's most frequently originated rate bucket was 5-6%, with 246 originations.
Loan Sizing (Hutchinson, KS MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 420 | $25,680,000 | $61,143 |
$100k-200k | 377 | $52,135,000 | $138,289 |
$200k-400k | 161 | $42,845,000 | $266,118 |
$400k-600k | 13 | $6,195,000 | $476,538 |
$Over $1MM | 4 | $7,200,000 | $1,800,000 |
$600k-1000k | 2 | $1,440,000 | $720,000 |
Hutchinson's loan sizing saw the bucket of loans from $100,000 or less with 420 originations, totaling $25,680,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 464 | $69,290,000 | $149,332 |
60-80% | 208 | $32,080,000 | $154,231 |
40-60% | 58 | $5,270,000 | $90,862 |
20-40% | 48 | $3,210,000 | $66,875 |
Under 20% | 39 | $1,335,000 | $34,231 |
Over 100% | 10 | $2,180,000 | $218,000 |
Hutchinson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 464 originations, totaling $69,290,000 in origination value.