Hutchinson Mortgage Rates & Closing Costs

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

    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%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Hutchinson, KS.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    HEARTLAND CREDIT UNION 85 4.85% $2,263
    PRIMARY RESIDENTIAL MORTGAGE, INC. 51 5.48% $4,060
    CREDIT UNION OF AMERICA 37 5.06% $2,524
    OPEN MORTGAGE, LLC 23 5.37% $4,603
    QUICKEN LOANS, LLC 17 5.35% $4,706
    UNITED WHOLESALE MORTGAGE, LLC 6 5.71% $4,948
    Gateway First Bank 6 4.79% $3,576
    Regent Financial Group, Inc. 5 5.10% $3,616
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 5.30% $3,726
    Envista Credit Union 5 5.08% $3,000
    Wells Fargo Bank 4 5.88% $4,316
    MERITRUST Federal Credit Union 4 5.31% $3,508
    Mr. Cooper ( Nationstar Mortgage ) 4 4.59% $4,931
    FLAT BRANCH MORTGAGE, INC. 4 5.84% $5,580
    RCB Bank 4 4.16% $10,198
    Simmons Bank 4 5.66% $2,493
    Capitol Federal Savings Bank 3 4.75% $2,737
    AMERISAVE MORTGAGE CORPORATION 3 4.58% $7,360
    Bank of America 3 4.29% $2,927
    Commerce Bank 3 4.46% $3,178
    Sierra Pacific Mortgage Company, Inc. 3 5.79% $3,835
    LOANDEPOT.COM, LLC 3 4.54% $3,512
    HOME POINT FINANCIAL CORPORATION 3 3.67% $2,819
    CROSSCOUNTRY MORTGAGE, LLC 2 6.50% $4,261
    M&T Bank 2 4.00% $4,954
    USAA Federal Savings Bank 2 6.56% $2,883
    Discover Bank 2 6.74% $0
    JPMorgan Chase Bank 2 6.37% $880
    GOLDEN PLAINS 2 6.25% $1,747
    DELMAR FINANCIAL COMPANY 2 3.75% $3,512
    Sunflower Bank 1 4.99% $4,334
    The Central Trust Bank 1 4.38% $2,439
    U.S. Bank 1 3.25% $2,209
    US MORTGAGE CORPORATION 1 7.00% $3,692
    Waterstone Mortgage Corporation 1 5.50% $4,819
    JAMES B. NUTTER & COMPANY 1 6.50% $4,919
    AMERICAN FINANCING CORPORATION 1 4.75% $4,703
    Arvest Bank 1 3.63% $3,110
    Austin Capital Bank SSB 1 6.50% $5,026
    Bank of the West 1 4.00% $3,524
    BETTER MORTGAGE CORPORATION 1 3.88% $2,254
    BNC National Bank 1 3.63% $2,596
    Chicago Mortgage Solutions LLC 1 4.08% $960
    Community National Bank & Trust 1 5.00% $2,601
    DAS Acquisition Company, LLC 1 6.13% $3,846
    Emprise Bank 1 5.00% $1,643
    FBC MORTGAGE, LLC 1 6.50% $2,836
    Fidelity Bank 1 7.00% $2,654
    FINANCE OF AMERICA MORTGAGE LLC 1 4.13% $5,773
    Flagstar Bank, FSB 1 6.00% $3,720
    FREEDOM MORTGAGE CORPORATION 1 6.88% $9,481
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.88% $7,279
    21ST MORTGAGE CORPORATION 1 5.99% $6,028
    LEADERONE FINANCIAL CORPORATION 1 5.63% $2,497
    Magnolia Bank 1 4.38% $13,737
    Mortgage Research Center, LLC 1 5.50% $4,659
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.00% $7,392
    NAVY FEDERAL CREDIT UNION 1 3.75% $1,492
    NBH Bank 1 4.00% $3,448
    NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $3,757
    North American Savings Bank, F.S.B. 1 5.50% $1,761
    Northpointe Bank 1 3.00% $4,923
    PENNYMAC LOAN SERVICES, LLC 1 2.87% $1,969
    PHH Mortgage Corporation 1 4.88% $5,861
    Plains Commerce Bank 1 3.75% $2,580

    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. Louis
    Date 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 for 2023-08-01 was $120,000, a difference of $-2,500 (-2.0%) versus the prior year and $-22,450 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2023-08-01 was 0 days.

    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.