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 6.59% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.62% and one month ago for the week of 2023-02-09, the average rate was 6.41%.

    Hutchinson's average rate one year ago was 4.04%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.79%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Hutchinson 30 Year Fixed Rate 2023-03-16 6.59%
    Hutchinson 30 Year Fixed Rate Refi 2023-03-16 6.79%
    Hutchinson 15 Year Fixed Rate 2023-03-16 5.71%
    Hutchinson 15 Year Fixed Rate Refi 2023-03-16 5.94%
    Hutchinson 30 Year FHA 2023-03-16 6.71%
    Hutchinson 30 Year FHA Refi 2023-03-16 6.54%
    Hutchinson 30 Year USDA 2023-03-16 6.6%
    Hutchinson 30 Year USDA Refi 2023-03-16 6.06%
    Hutchinson 30 Year VA 2023-03-16 6.23%
    Hutchinson 30 Year VA Refi 2023-03-16 5.93%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Hutchinson, MN.

    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, MN 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. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 107 3.16% $4,493
    CORTRUST MORTGAGE, INC. 84 2.74% $4,488
    QUICKEN LOANS, LLC 53 3.08% $4,527
    UNITED WHOLESALE MORTGAGE, LLC 47 3.01% $3,965
    BROKER SOLUTIONS, INC. 30 3.23% $3,483
    Wells Fargo Bank 27 3.15% $3,064
    LOANDEPOT.COM, LLC 17 3.37% $3,893
    Bell Bank 17 3.04% $3,534
    Servion, Inc. 14 3.19% $4,324
    FREEDOM MORTGAGE CORPORATION 14 3.22% $1,785
    PENNYMAC LOAN SERVICES, LLC 12 3.10% $4,096
    CROSSCOUNTRY MORTGAGE, LLC 11 3.20% $4,482
    Old National Bank 11 3.01% $2,735
    Flagstar Bank, FSB 10 3.16% $3,600
    U.S. Bank 10 3.25% $2,961
    Mr. Cooper ( Nationstar Mortgage ) 10 3.29% $4,075
    Summit Mortgage Corporation 9 3.14% $3,713
    CALIBER HOME LOANS, INC. 8 3.14% $2,940
    Merchants Bank 8 2.96% $3,802
    Prosperity Home Mortgage, LLC 8 3.16% $3,571
    BAY EQUITY LLC 7 3.14% $3,756
    AMERISAVE MORTGAGE CORPORATION 7 2.73% $5,623
    Bremer Bank 7 3.05% $6,038
    GUARANTEED RATE, INC. 7 2.96% $3,625
    HomeTown Bank 6 3.19% $4,211
    Alerus Financial 6 3.27% $2,963
    NEWREZ LLC 5 3.18% $3,439
    Waterstone Mortgage Corporation 5 3.33% $4,213
    PLAZA HOME MORTGAGE, INC. 5 3.04% $4,449
    Plains Commerce Bank 5 2.95% $4,490
    First Savings Bank 5 3.15% $4,592
    HOME POINT FINANCIAL CORPORATION 4 3.03% $3,308
    M&T Bank 4 3.28% $4,462
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.28% $3,212
    BETTER MORTGAGE CORPORATION 4 3.34% $1,423
    COMPEER FINANCIAL, FLCA 4 4.09% $2,968
    RESULTS MORTGAGE, LLC 4 3.00% $3,407
    GUARANTEED RATE AFFINITY, LLC 4 2.97% $3,266
    Goldwater Bank, N.A. 3 3.25% $4,487
    JPMorgan Chase Bank 3 3.32% $3,700
    SPIRE Credit Union 3 3.29% $3,324
    AFFINITY PLUS 3 2.83% $3,614
    Cambria Financial Group, LLC 3 3.38% $3,248
    Tradition Mortgage, LLC 3 3.21% $2,349
    Frandsen Bank & Trust 3 2.88% $3,901
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 3 3.04% $2,954
    AXIA FINANCIAL, LLC 3 3.21% $4,152
    LEADERONE FINANCIAL CORPORATION 3 2.83% $2,865
    WINGS FINANCIAL 2 2.63% $2,987
    American Mortgage & Equity Consultants, Inc. 2 3.25% $3,521
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 3.50% $3,668
    Associated Bank 2 2.94% $3,058
    CHURCHILL MORTGAGE CORPORATION 2 3.81% $4,039
    CMG MORTGAGE, INC. 2 3.38% $3,533
    FirstBank 2 3.12% $1,894
    GSF Mortgage Corporation 2 3.25% $7,848
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 3.13% $3,961
    MANN FINANCIAL INC. 2 3.06% $3,378
    MEGASTAR FINANCIAL CORP. 2 3.19% $2,929
    Mortgages Unlimited Inc. 2 2.94% $5,622
    Nations Lending Corporation 2 2.88% $7,548
    Paramount Residential Mortgage Group, Inc. 2 3.56% $3,984
    PENTAGON FEDERAL CREDIT UNION 2 3.13% $1,571
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.75% $4,683
    Royal Credit Union 2 2.88% $0
    SHAREPOINT CREDIT UNION 2 3.19% $3,032
    Meridian Bank Corporation 1 3.00% $2,621
    MILEND, INC. 1 3.13% $5,200
    UNION HOME MORTGAGE CORP. 1 2.75% $5,598
    MOVEMENT MORTGAGE, LLC 1 3.44% $3,243
    Heritage Bank 1 2.63% $4,261
    GUILD MORTGAGE COMPANY 1 3.50% $5,951
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.50% $4,990
    Bank Midwest 1 3.00% $3,600
    GUARANTY HOME MORTGAGE CORPORATION 1 3.50% $3,139
    GENEVA FINANCIAL, LLC 1 3.50% $4,921
    ARC HOME LLC 1 2.75% $6,064
    Gate City Bank 1 2.50% $4,429
    AmeriHome Mortgage Company, LLC 1 3.50% $3,002
    First Internet Bank of Indiana 1 2.88% $3,280
    First Federal Bank 1 3.00% $2,835
    Alliance Bank 1 3.63% $3,124
    EVERETT FINANCIAL, INC. 1 3.25% $2,202
    Discover Bank 1 4.25% $0
    Citizens Bank Minnesota 1 3.00% $5,364
    WESTconsin Credit Union 1 3.00% $2,393
    RUOFF MORTGAGE COMPANY, INC. 1 3.50% $3,285
    CHERRY CREEK MORTGAGE, LLC 1 2.75% $770
    ACADEMY MORTGAGE CORPORATION 1 2.88% $3,347
    CENTRAL MINNESOTA Credit Union 1 3.00% $2,784
    STEARNS LENDING, LLC 1 3.25% $2,039
    Baxter Credit Union 1 3.50% $3,322
    The Federal Savings Bank 1 3.38% $2,753
    Think Mutual Bank 1 2.88% $3,899
    TOPLINE FEDERAL CREDIT UNION 1 3.13% $2,480
    TOTAL MORTGAGE SERVICES, LLC 1 2.74% $842
    KS StateBank 1 3.00% $2,407
    Lake Area Bank 1 3.50% $2,959
    KELLER MORTGAGE, LLC 1 3.25% $2,260
    Liberty Bank Minnesota 1 2.88% $2,262
    LIBERTY HOME MORTGAGE CORPORATION 1 3.75% $3,745
    InterContinental Capital Group, Inc 1 3.49% $2,993
    BankVista 1 2.50% $3,554
    Bank of America 1 3.00% $3,652
    HOMESTEAD FUNDING CORP. 1 3.00% $3,130

    Hutchinson Average Closing Costs & Other Stats

    Hutchinson, MN's 105 lenders originated 1,672 loans during 2021. The total origination value was $328,120,000, with an average loan value of $196,244.

    Hutchinson's average closing costs are $4,416.

    The top Hutchinson lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 107 loans originated. Their average total fees are $4,493, which is $4 higher than the next largest lender, CORTRUST MORTGAGE, INC..

    The lowest fee Hutchinson lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($1,785), Old National Bank ($2,735), U.S. Bank ($2,961), Wells Fargo Bank ($3,064) and BROKER SOLUTIONS, INC. ($3,483).

    The lowest rate Hutchinson lenders (with over 10 loans originated) are CORTRUST MORTGAGE, INC. (2.74%), UNITED WHOLESALE MORTGAGE, LLC (3.01%), Old National Bank (3.01%), Bell Bank (3.04%) and QUICKEN LOANS, LLC (3.08%).

    Hutchinson, MN 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $27,995,000 $31,505,000 12.5% 9.6%
    CORTRUST MORTGAGE, INC. $28,710,000 $30,625,000 6.7% 9.3%
    QUICKEN LOANS, LLC $21,575,000 $20,385,000 -5.5% 6.2%
    UNITED WHOLESALE MORTGAGE, LLC $11,535,000 $15,115,000 31.0% 4.6%
    BROKER SOLUTIONS, INC. $15,650,000 $13,385,000 -14.5% 4.1%
    SOUTHPOINT FINANCIAL $11,480,000 $13,370,000 16.5% 4.1%
    WINGS FINANCIAL $13,845,000 $13,195,000 -4.7% 4.0%
    Wells Fargo Bank $8,190,000 $12,135,000 48.2% 3.7%
    FREEDOM MORTGAGE CORPORATION $11,690,000 $12,130,000 3.8% 3.7%
    Bell Bank $4,605,000 $6,855,000 48.9% 2.1%
    CROSSCOUNTRY MORTGAGE, LLC $3,570,000 $6,560,000 83.8% 2.0%
    PENNYMAC LOAN SERVICES, LLC $2,935,000 $5,875,000 100.2% 1.8%
    LOANDEPOT.COM, LLC $3,815,000 $5,085,000 33.3% 1.5%
    Old National Bank $3,395,000 $5,060,000 49.0% 1.5%
    U.S. Bank $5,260,000 $4,960,000 -5.7% 1.5%
    BAY EQUITY LLC $2,860,000 $4,920,000 72.0% 1.5%
    Bridgewater Bank $2,055,000 $4,765,000 131.9% 1.5%
    Servion, Inc. $3,125,000 $4,620,000 47.8% 1.4%
    CENTRAL MINNESOTA Credit Union $185,000 $4,240,000 2,191.9% 1.3%
    Flagstar Bank, FSB $2,770,000 $4,200,000 51.6% 1.3%
    Prosperity Home Mortgage, LLC $4,030,000 $4,045,000 0.4% 1.2%
    LAKEVIEW LOAN SERVICING, LLC $2,395,000 $3,695,000 54.3% 1.1%
    Summit Mortgage Corporation $2,400,000 $3,335,000 39.0% 1.0%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,460,000 $3,170,000 117.1% 1.0%
    Mr. Cooper ( Nationstar Mortgage ) $2,990,000 $3,130,000 4.7% 1.0%
    CALIBER HOME LOANS, INC. $1,875,000 $3,035,000 61.9% 0.9%
    HomeTown Bank $7,305,000 $2,935,000 -59.8% 0.9%
    NOVATION CREDIT UNION $1,180,000 $2,740,000 132.2% 0.8%
    NEWREZ LLC $1,890,000 $2,685,000 42.1% 0.8%
    HOME POINT FINANCIAL CORPORATION $2,340,000 $2,565,000 9.6% 0.8%
    Bremer Bank $3,280,000 $2,440,000 -25.6% 0.7%
    Merchants Bank $2,140,000 $2,395,000 11.9% 0.7%
    Mortgage Research Center, LLC $1,755,000 $2,260,000 28.8% 0.7%
    GUARANTEED RATE, INC. $1,730,000 $2,235,000 29.2% 0.7%
    First Savings Bank $1,380,000 $2,210,000 60.1% 0.7%
    AMERISAVE MORTGAGE CORPORATION $1,630,000 $2,035,000 24.8% 0.6%
    Frandsen Bank & Trust $2,280,000 $1,840,000 -19.3% 0.6%
    RESULTS MORTGAGE, LLC $1,005,000 $1,725,000 71.6% 0.5%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $760,000 $1,670,000 119.7% 0.5%
    Waterstone Mortgage Corporation $1,470,000 $1,645,000 11.9% 0.5%
    CorTrust Bank $205,000 $1,605,000 682.9% 0.5%
    PLAZA HOME MORTGAGE, INC. $710,000 $1,590,000 123.9% 0.5%
    Alerus Financial $1,860,000 $1,545,000 -16.9% 0.5%
    GUARANTEED RATE AFFINITY, LLC $1,495,000 $1,515,000 1.3% 0.5%
    Plains Commerce Bank $1,800,000 $1,480,000 -17.8% 0.5%
    AFFINITY PLUS $1,950,000 $1,460,000 -25.1% 0.4%
    Bank of the West $225,000 $1,375,000 511.1% 0.4%
    JPMorgan Chase Bank $1,550,000 $1,365,000 -11.9% 0.4%
    Paramount Residential Mortgage Group, Inc. $225,000 $1,185,000 426.7% 0.4%
    COMPEER FINANCIAL, FLCA $5,010,000 $1,150,000 -77.0% 0.4%
    BETTER MORTGAGE CORPORATION $1,085,000 n/a 0.3%
    USAA Federal Savings Bank $660,000 $1,080,000 63.6% 0.3%
    NEW DAY FINANCIAL, LLC $840,000 $1,070,000 27.4% 0.3%
    GUILD MORTGAGE COMPANY $115,000 $1,035,000 800.0% 0.3%
    Mortgages Unlimited Inc. $2,300,000 $1,005,000 -56.3% 0.3%
    LEADERONE FINANCIAL CORPORATION $2,025,000 $990,000 -51.1% 0.3%
    Cambria Financial Group, LLC $1,070,000 $980,000 -8.4% 0.3%
    Goldwater Bank, N.A. $285,000 $940,000 229.8% 0.3%
    Carrington Mortgage Services, LLC $1,115,000 $935,000 -16.1% 0.3%
    Tradition Mortgage, LLC $205,000 $900,000 339.0% 0.3%
    Lake Area Bank $310,000 $890,000 187.1% 0.3%
    Dairy State Bank $765,000 n/a 0.2%
    GSF Mortgage Corporation $410,000 $760,000 85.4% 0.2%
    KELLER MORTGAGE, LLC $895,000 $755,000 -15.6% 0.2%
    Manufacturers and Traders Trust Company $95,000 $745,000 684.2% 0.2%
    American Mortgage & Equity Consultants, Inc. $1,140,000 $715,000 -37.3% 0.2%
    MidWestOne Bank $705,000 n/a 0.2%
    BankVista $660,000 n/a 0.2%
    AXIA FINANCIAL, LLC $1,340,000 $650,000 -51.5% 0.2%
    CMG MORTGAGE, INC. $175,000 $645,000 268.6% 0.2%
    First Federal Bank $645,000 n/a 0.2%
    Citizens Bank Minnesota $245,000 $635,000 159.2% 0.2%
    Lend Smart Mortgage, LLC $890,000 $625,000 -29.8% 0.2%
    FirstBank $105,000 $600,000 471.4% 0.2%
    Chicago Mortgage Solutions LLC $580,000 n/a 0.2%
    21ST MORTGAGE CORPORATION $65,000 $570,000 776.9% 0.2%
    Barrington Bank & Trust Company, N.A. $1,095,000 $570,000 -47.9% 0.2%
    HANCOCK MORTGAGE PARTNERS, LLC $570,000 n/a 0.2%
    Associated Bank $345,000 $565,000 63.8% 0.2%
    InterContinental Capital Group, Inc $225,000 $535,000 137.8% 0.2%
    Bank of England $430,000 $520,000 20.9% 0.2%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $370,000 $515,000 39.2% 0.2%
    SHAREPOINT CREDIT UNION $495,000 n/a 0.2%
    SPIRE Credit Union $370,000 $490,000 32.4% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $550,000 $470,000 -14.5% 0.1%
    PNC Bank $95,000 $450,000 373.7% 0.1%
    UNION HOME MORTGAGE CORP. $445,000 n/a 0.1%
    First Guaranty Mortgage Corporation $280,000 $440,000 57.1% 0.1%
    Florida Capital Bank $750,000 $435,000 -42.0% 0.1%
    Citizens Alliance Bank $225,000 $430,000 91.1% 0.1%
    Nations Lending Corporation $420,000 n/a 0.1%
    SOVEREIGN LENDING GROUP INCORPORATED $405,000 n/a 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $135,000 $400,000 196.3% 0.1%
    HOMESTEAD FUNDING CORP. $385,000 n/a 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $380,000 n/a 0.1%
    ENVOY MORTGAGE, LTD $205,000 $380,000 85.4% 0.1%
    ZILLOW HOME LOANS, LLC $375,000 n/a 0.1%
    Alliance Bank $360,000 n/a 0.1%
    MEGASTAR FINANCIAL CORP. $1,530,000 $360,000 -76.5% 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $420,000 $350,000 -16.7% 0.1%
    PENTAGON FEDERAL CREDIT UNION $340,000 n/a 0.1%
    VILLAGE CAPITAL & INVESTMENT LLC $235,000 $340,000 44.7% 0.1%
    CHURCHILL MORTGAGE CORPORATION $335,000 n/a 0.1%
    MANN FINANCIAL INC. $370,000 $330,000 -10.8% 0.1%
    CHERRY CREEK MORTGAGE, LLC $325,000 n/a 0.1%
    KS StateBank $155,000 $325,000 109.7% 0.1%
    IOWA BANKERS MORTGAGE CORPORATION $85,000 $320,000 276.5% 0.1%
    NAVY FEDERAL CREDIT UNION $135,000 $310,000 129.6% 0.1%
    Think Mutual Bank $935,000 $310,000 -66.8% 0.1%
    First Internet Bank of Indiana $305,000 n/a 0.1%
    MOVEMENT MORTGAGE, LLC $225,000 $300,000 33.3% 0.1%
    Royal Credit Union $2,080,000 $300,000 -85.6% 0.1%
    Bank of America $880,000 $290,000 -67.0% 0.1%
    MID AMERICA MORTGAGE, INC. $205,000 $265,000 29.3% 0.1%
    Heritage Bank $335,000 $255,000 -23.9% 0.1%
    ACCELERATE MORTGAGE, LLC $245,000 n/a 0.1%
    Bank Midwest $245,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $5,040,000 $245,000 -95.1% 0.1%
    Hometown Lenders, Inc. $245,000 n/a 0.1%
    MILEND, INC. $345,000 $245,000 -29.0% 0.1%
    TOPLINE FEDERAL CREDIT UNION $245,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $110,000 $220,000 100.0% 0.1%
    GENEVA FINANCIAL, LLC $465,000 $205,000 -55.9% 0.1%
    Discover Bank $55,000 $200,000 263.6% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $195,000 n/a 0.1%
    The Federal Savings Bank $450,000 $195,000 -56.7% 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $1,165,000 $190,000 -83.7% 0.1%
    ARC HOME LLC $185,000 n/a 0.1%
    ACADEMY MORTGAGE CORPORATION $175,000 n/a 0.1%
    Gate City Bank $400,000 $175,000 -56.3% 0.1%
    STEARNS LENDING, LLC $155,000 $175,000 12.9% 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $450,000 $175,000 -61.1% 0.1%
    Auto Club Trust, FSB $165,000 n/a 0.1%
    Baxter Credit Union $760,000 $165,000 -78.3% 0.1%
    HOMESIDE FINANCIAL, LLC $210,000 $165,000 -21.4% 0.1%
    Ixonia Bank $165,000 n/a 0.1%
    Liberty Bank Minnesota $165,000 n/a 0.1%
    Low VA Rates, LLC $185,000 $165,000 -10.8% 0.1%
    AmeriHome Mortgage Company, LLC $125,000 $155,000 24.0% 0.0%
    NATIONS RELIABLE LENDING, LLC $175,000 $155,000 -11.4% 0.0%
    WESTconsin Credit Union $155,000 n/a 0.0%
    REVERSE MORTGAGE FUNDING LLC $135,000 n/a 0.0%
    TOTAL MORTGAGE SERVICES, LLC $135,000 n/a 0.0%
    AMERICAN FINANCING CORPORATION $135,000 $130,000 -3.7% 0.0%
    LAND HOME FINANCIAL SERVICES, INC. $165,000 $125,000 -24.2% 0.0%
    Meridian Bank Corporation $125,000 n/a 0.0%
    First National Bank $115,000 n/a 0.0%
    Roundbank $115,000 n/a 0.0%
    GUARANTY HOME MORTGAGE CORPORATION $105,000 n/a 0.0%
    RELIANCE FIRST CAPITAL, LLC $105,000 $105,000 0.0% 0.0%
    LIBERTY HOME MORTGAGE CORPORATION $95,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $90,000 n/a 0.0%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $330,000 $85,000 -74.2% 0.0%
    RUOFF MORTGAGE COMPANY, INC. $85,000 n/a 0.0%
    Great Southern Bank $70,000 n/a 0.0%
    American Bank of the North $215,000 $65,000 -69.8% 0.0%
    SPRING EQ, LLC $85,000 $55,000 -35.3% 0.0%
    BMO Harris Bank $25,000 n/a 0.0%
    The Huntington National Bank $25,000 n/a 0.0%
    First Western Bank & Trust $250,000 $15,000 -94.0% 0.0%

    Hutchinson's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 9.6% market share. In second place, with 9.3%, is CORTRUST MORTGAGE, INC., having originated $30,625,000 in loans. In third place, with 6.2%, is QUICKEN LOANS, LLC, having originated $20,385,000 in loans. In fourth place, with 4.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $15,115,000 in loans. In fifth place, with 4.1%, is BROKER SOLUTIONS, INC., having originated $13,385,000 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 $183,450 (9.6%) $196,951 (0.4%) 0.00 69
    2018-02-01 $179,900 (-2.1%) $203,128 (0.2%) 0.00 68
    2018-03-01 $202,900 (10.0%) $217,164 (8.9%) 0.00 60
    2018-04-01 $189,800 (11.7%) $216,940 (10.4%) 0.00 57
    2018-05-01 $197,425 (14.5%) $222,967 (13.6%) 0.00 65
    2018-06-01 $218,350 (19.0%) $235,513 (14.8%) 0.00 83
    2018-07-01 $202,700 (13.4%) $228,635 (13.9%) 0.00 97
    2018-08-01 $209,925 (17.3%) $224,212 (10.7%) 0.00 98
    2018-09-01 $209,900 (23.5%) $223,603 (15.0%) 0.00 104
    2018-10-01 $188,700 (2.5%) $222,034 (10.6%) 0.00 115
    2018-11-01 $189,900 (7.4%) $220,650 (13.5%) 0.00 115
    2018-12-01 $184,950 (5.7%) $217,612 (12.4%) 0.00 90
    2019-01-01 $197,400 (7.6%) $215,309 (9.3%) 0.00 80
    2019-02-01 $189,900 (5.6%) $227,036 (11.8%) 0.00 72
    2019-03-01 $206,421 (1.7%) $232,376 (7.0%) 0.00 72
    2019-04-01 $221,946 (16.9%) $236,543 (9.0%) 0.00 84
    2019-05-01 $234,900 (19.0%) $247,466 (11.0%) 0.00 93
    2019-06-01 $223,400 (2.3%) $239,993 (1.9%) 0.00 116
    2019-07-01 $227,400 (12.2%) $241,054 (5.4%) 0.00 123
    2019-08-01 $218,823 (4.2%) $238,388 (6.3%) 0.00 130
    2019-09-01 $217,207 (3.5%) $242,156 (8.3%) 0.00 128
    2019-10-01 $215,425 (14.2%) $239,227 (7.7%) 0.00 124
    2019-11-01 $227,400 (19.8%) $240,783 (9.1%) 0.00 113
    2019-12-01 $238,800 (29.1%) $246,600 (13.3%) 0.00 92
    2020-01-01 $239,500 (21.3%) $248,992 (15.6%) 0.00 87
    2020-02-01 $242,400 (27.7%) $249,114 (9.7%) 0.00 79
    2020-03-01 $235,250 (14.0%) $239,697 (3.2%) 0.00 71
    2020-04-01 $217,150 (-2.2%) $236,556 (0.0%) 0.00 68
    2020-05-01 $229,900 (-2.1%) $244,539 (-1.2%) 0.00 75
    2020-06-01 $225,500 (0.9%) $250,589 (4.4%) 0.00 81
    2020-07-01 $229,450 (0.9%) $257,613 (6.9%) 0.00 71
    2020-08-01 $229,900 (5.1%) $261,136 (9.5%) 0.00 66
    2020-09-01 $228,675 (5.3%) $253,609 (4.7%) 0.00 63
    2020-10-01 $232,450 (7.9%) $254,861 (6.5%) 0.00 51
    2020-11-01 $225,000 (-1.1%) $254,006 (5.5%) 0.00 38
    2020-12-01 $219,950 (-7.9%) $247,278 (0.3%) 0.00 31
    2021-01-01 $249,950 (4.4%) $270,006 (8.4%) 0.00 30
    2021-02-01 $238,700 (-1.5%) $246,379 (-1.1%) 0.00 27
    2021-03-01 $251,700 (7.0%) $280,587 (17.1%) 0.00 29
    2021-04-01 $262,530 (20.9%) $291,596 (23.3%) 0.00 39
    2021-05-01 $256,900 (11.7%) $263,926 (7.9%) 0.00 31
    2021-06-01 $267,175 (18.5%) $273,216 (9.0%) 0.00 37
    2021-07-01 $253,450 (10.5%) $300,827 (16.8%) 0.00 40
    2021-08-01 $272,400 (18.5%) $328,315 (25.7%) 0.00 50
    2021-09-01 $255,400 (11.7%) $319,824 (26.1%) 0.00 68
    2021-10-01 $264,900 (14.0%) $312,885 (22.8%) 0.00 61
    2021-11-01 $259,900 (15.5%) $317,678 (25.1%) 0.00 56
    2021-12-01 $256,750 (16.7%) $310,155 (25.4%) 0.00 40
    2022-01-01 $259,900 (4.0%) $282,300 (4.6%) 0.00 32
    2022-02-01 $278,750 (16.8%) $337,803 (37.1%) 0.00 27
    2022-03-01 $272,200 (8.1%) $342,063 (21.9%) 0.00 24
    2022-04-01 $299,900 (14.2%) $349,409 (19.8%) 0.00 31
    2022-05-01 $305,000 (18.7%) $361,701 (37.1%) 0.00 37
    2022-06-01 $312,425 (16.9%) $364,590 (33.4%) 0.00 44
    2022-07-01 $314,900 (24.3%) $355,382 (18.1%) 0.00 49
    2022-08-01 $297,750 (9.3%) $350,375 (6.7%) 0.00 47
    2022-09-01 $258,475 (1.2%) $330,555 (3.4%) 0.00 47
    2022-10-01 $249,950 (-5.6%) $314,056 (0.4%) 0.00 56
    2022-11-01 $274,450 (5.6%) $315,416 (-0.7%) 0.00 55
    2022-12-01 $254,950 (-0.7%) $287,538 (-7.3%) 0.00 40
    2023-01-01 $269,900 (3.9%) $283,049 (0.3%) 0.00 37
    2023-02-01 $317,400 (13.9%) $325,077 (-3.8%) 0.00 26
    Hutchinson's median listing price for 2023-02-01 was $317,400, a difference of $38,650 (13.9%) versus the prior year and $47,500 versus the prior month.

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

    Hutchinson's average listing price for 2023-02-01 was $325,077, a difference of $-12,726 (-3.8%) versus the prior year and $42,028 versus the prior month.

    For the 2023-02-01 period, Hutchinson had 26 MLS listings, a difference of -11 listings (-30%) versus the prior month and -1 listings (-4%) 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 1,765 sqft
    2018-02-01 0 days 1,835 sqft
    2018-03-01 0 days 1,892 sqft
    2018-04-01 0 days 1,859 sqft
    2018-05-01 0 days 1,880 sqft
    2018-06-01 0 days 2,005 sqft
    2018-07-01 0 days 1,892 sqft
    2018-08-01 0 days 1,963 sqft
    2018-09-01 0 days 2,020 sqft
    2018-10-01 0 days 2,020 sqft
    2018-11-01 0 days 2,045 sqft
    2018-12-01 0 days 1,890 sqft
    2019-01-01 0 days 1,856 sqft
    2019-02-01 0 days 1,941 sqft
    2019-03-01 0 days 1,928 sqft
    2019-04-01 0 days 1,936 sqft
    2019-05-01 0 days 1,900 sqft
    2019-06-01 0 days 1,939 sqft
    2019-07-01 0 days 1,950 sqft
    2019-08-01 0 days 1,939 sqft
    2019-09-01 0 days 1,922 sqft
    2019-10-01 0 days 1,907 sqft
    2019-11-01 0 days 1,938 sqft
    2019-12-01 0 days 2,039 sqft
    2020-01-01 0 days 2,001 sqft
    2020-02-01 0 days 2,050 sqft
    2020-03-01 0 days 1,924 sqft
    2020-04-01 0 days 1,873 sqft
    2020-05-01 0 days 1,955 sqft
    2020-06-01 0 days 1,974 sqft
    2020-07-01 0 days 1,972 sqft
    2020-08-01 0 days 1,823 sqft
    2020-09-01 0 days 1,784 sqft
    2020-10-01 0 days 1,885 sqft
    2020-11-01 0 days 2,058 sqft
    2020-12-01 0 days 1,934 sqft
    2021-01-01 0 days 1,886 sqft
    2021-02-01 0 days 1,572 sqft
    2021-03-01 0 days 1,982 sqft
    2021-04-01 0 days 1,845 sqft
    2021-05-01 0 days 1,767 sqft
    2021-06-01 0 days 1,799 sqft
    2021-07-01 0 days 1,646 sqft
    2021-08-01 0 days 1,871 sqft
    2021-09-01 0 days 1,831 sqft
    2021-10-01 0 days 1,872 sqft
    2021-11-01 0 days 1,903 sqft
    2021-12-01 0 days 1,877 sqft
    2022-01-01 0 days 1,706 sqft
    2022-02-01 0 days 2,392 sqft
    2022-03-01 0 days 2,236 sqft
    2022-04-01 0 days 2,424 sqft
    2022-05-01 0 days 2,108 sqft
    2022-06-01 0 days 2,076 sqft
    2022-07-01 0 days 2,068 sqft
    2022-08-01 0 days 2,045 sqft
    2022-09-01 0 days 1,828 sqft
    2022-10-01 0 days 1,799 sqft
    2022-11-01 0 days 1,902 sqft
    2022-12-01 0 days 1,797 sqft
    2023-01-01 0 days 1,686 sqft
    2023-02-01 0 days 1,800 sqft
    Hutchinson's median listing age (time on market) for 2023-02-01 was 0 days.

    Hutchinson's median square footage for active listings during the 2023-02-01 period was 1,800 sqft. One year prior, the average listing was 2,392 sqft.

    Hutchinson, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Refi 681 $127,545,000 $187,291
    Home Purchase 567 $128,145,000 $226,005
    Cash Out Refi 361 $63,735,000 $176,551
    Home Improvement 34 $6,380,000 $187,647
    Other 29 $2,315,000 $79,828

    Hutchinson's most frequently cited loan purpose was Refi, with 681 originations. The 2nd most popular reason was Home Purchase, with 567 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    2.5-3% 642 $122,740,000 $191,184
    3-4% 541 $118,785,000 $219,566
    <2.5% 348 $60,470,000 $173,764
    4-5% 29 $4,185,000 $144,310
    5-6% 8 $240,000 $30,000
    6-7% 4 $180,000 $45,000
    7-8% 4 $420,000 $105,000
    Over 8% 2 $150,000 $75,000

    During 2021, Hutchinson's most frequently originated rate bucket was 2.5-3%, with 642 originations.

    Loan Sizing (Hutchinson, MN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 850 $128,510,000 $151,188
    $200k-400k 555 $145,255,000 $261,721
    $100,000 or less 225 $15,015,000 $66,733
    $400k-600k 34 $15,530,000 $456,765
    $Over $1MM 6 $22,340,000 $3,723,333
    $600k-1000k 2 $1,470,000 $735,000

    Hutchinson's loan sizing saw the bucket of loans from $100k-200k with 850 originations, totaling $128,510,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 590 $131,470,000 $222,831
    60-80% 544 $113,160,000 $208,015
    40-60% 226 $33,080,000 $146,372
    20-40% 68 $10,030,000 $147,500
    Under 20% 61 $2,385,000 $39,098
    Over 100% 11 $3,105,000 $282,273

    Hutchinson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 590 originations, totaling $131,470,000 in origination value.