Hutchinson Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Hutchinson averaged
6.8%
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
7.14% and
one month ago for the week of 2023-08-10, the
average rate was 6.58%.
Hutchinson's average rate one year ago was 5.91%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.38%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
Hutchinson 30 Year Fixed Rate | 2023-09-14 | 6.8% |
Hutchinson 30 Year Fixed Rate Refi | 2023-09-14 | 7.38% |
Hutchinson 15 Year Fixed Rate | 2023-09-14 | 6.71% |
Hutchinson 15 Year Fixed Rate Refi | 2023-09-14 | 6.81% |
Hutchinson 30 Year FHA | 2023-09-14 | 6.53% |
Hutchinson 30 Year FHA Refi | 2023-09-14 | 7.09% |
Hutchinson 30 Year USDA | 2023-09-14 | 6.88% |
Hutchinson 30 Year USDA Refi | 2023-09-14 | 6.78% |
Hutchinson 30 Year VA | 2023-09-14 | 6.71% |
Hutchinson 30 Year VA Refi | 2023-09-14 | 6.91% |
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.).
Hutchinson Average Closing Costs & Other Stats
Hutchinson, MN's 77 lenders originated 865
loans during 2022. The total origination value was $167,605,000, with an average loan value of
$193,763.
Hutchinson's average closing costs are $4,699.
The top Hutchinson lender as defined by loan originations is CORTRUST MORTGAGE, INC., with
45 loans originated. Their average total fees are
$5,788, which is $810
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Hutchinson lenders (with over 10 loans originated) are
Prosperity Home Mortgage, LLC ($4,253), Wells Fargo Bank ($4,312), Summit Mortgage Corporation ($4,336), BROKER SOLUTIONS, INC. ($4,681) and Bell Bank ($4,717).
The lowest rate Hutchinson lenders (with over 10 loans originated) are
Wells Fargo Bank (4.55%), CORTRUST MORTGAGE, INC. (4.81%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.86%), QUICKEN LOANS, LLC (5.14%) and Summit Mortgage Corporation (5.16%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $31,505,000 | $12,310,000 | -60.9% | 7.3% |
CORTRUST MORTGAGE, INC. | $30,625,000 | $11,995,000 | -60.8% | 7.2% |
UNITED WHOLESALE MORTGAGE, LLC | $15,115,000 | $10,265,000 | -32.1% | 6.1% |
BROKER SOLUTIONS, INC. | $13,385,000 | $8,425,000 | -37.1% | 5.0% |
QUICKEN LOANS, LLC | $20,385,000 | $8,285,000 | -59.4% | 4.9% |
Alerus Financial | $1,545,000 | $7,120,000 | 360.8% | 4.2% |
Summit Mortgage Corporation | $3,335,000 | $6,390,000 | 91.6% | 3.8% |
Bell Bank | $6,855,000 | $5,130,000 | -25.2% | 3.1% |
Wells Fargo Bank | $12,135,000 | $4,885,000 | -59.7% | 2.9% |
PENNYMAC LOAN SERVICES, LLC | $5,875,000 | $4,050,000 | -31.1% | 2.4% |
CROSSCOUNTRY MORTGAGE, LLC | $6,560,000 | $3,780,000 | -42.4% | 2.3% |
Old National Bank | $5,060,000 | $3,095,000 | -38.8% | 1.8% |
Prosperity Home Mortgage, LLC | $4,045,000 | $3,035,000 | -25.0% | 1.8% |
U.S. Bank | $4,960,000 | $3,015,000 | -39.2% | 1.8% |
CorTrust Bank | $1,605,000 | $2,545,000 | 58.6% | 1.5% |
FREEDOM MORTGAGE CORPORATION | $12,130,000 | $2,450,000 | -79.8% | 1.5% |
Servion, Inc. | $4,620,000 | $2,250,000 | -51.3% | 1.3% |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $1,670,000 | $2,250,000 | 34.7% | 1.3% |
Mortgages Unlimited Inc. | $1,005,000 | $2,180,000 | 116.9% | 1.3% |
First Savings Bank | $2,210,000 | $2,125,000 | -3.8% | 1.3% |
Mortgage Research Center, LLC | $2,260,000 | $2,120,000 | -6.2% | 1.3% |
Flagstar Bank, FSB | $4,200,000 | $2,015,000 | -52.0% | 1.2% |
Flagship Banks Minnesota | $1,960,000 | n/a | 1.2% | |
SOUTHPOINT FINANCIAL | $13,370,000 | $1,955,000 | -85.4% | 1.2% |
EVERETT FINANCIAL, INC. | $245,000 | $1,845,000 | 653.1% | 1.1% |
COMPEER FINANCIAL, FLCA | $1,150,000 | $1,735,000 | 50.9% | 1.0% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $3,170,000 | $1,695,000 | -46.5% | 1.0% |
LOANDEPOT.COM, LLC | $5,085,000 | $1,660,000 | -67.4% | 1.0% |
Waterstone Mortgage Corporation | $1,645,000 | $1,645,000 | 0.0% | 1.0% |
Bremer Bank | $2,440,000 | $1,535,000 | -37.1% | 0.9% |
NOVATION CREDIT UNION | $2,740,000 | $1,525,000 | -44.3% | 0.9% |
Cambria Financial Group, LLC | $980,000 | $1,500,000 | 53.1% | 0.9% |
GUARANTEED RATE, INC. | $2,235,000 | $1,360,000 | -39.1% | 0.8% |
CALIBER HOME LOANS, INC. | $3,035,000 | $1,270,000 | -58.2% | 0.8% |
NEWREZ LLC | $2,685,000 | $1,260,000 | -53.1% | 0.8% |
Goldwater Bank, N.A. | $940,000 | $1,240,000 | 31.9% | 0.7% |
LAKEVIEW LOAN SERVICING, LLC | $3,695,000 | $1,225,000 | -66.8% | 0.7% |
HOME POINT FINANCIAL CORPORATION | $2,565,000 | $1,200,000 | -53.2% | 0.7% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $85,000 | $1,190,000 | 1,300.0% | 0.7% |
WINGS FINANCIAL | $13,195,000 | $1,125,000 | -91.5% | 0.7% |
Mr. Cooper ( Nationstar Mortgage ) | $3,130,000 | $1,085,000 | -65.3% | 0.6% |
BAY EQUITY LLC | $4,920,000 | $1,025,000 | -79.2% | 0.6% |
American Mortgage & Equity Consultants, Inc. | $715,000 | $955,000 | 33.6% | 0.6% |
HomeTown Bank | $2,935,000 | $930,000 | -68.3% | 0.6% |
Carrington Mortgage Services, LLC | $935,000 | $875,000 | -6.4% | 0.5% |
PLAZA HOME MORTGAGE, INC. | $1,590,000 | $785,000 | -50.6% | 0.5% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $470,000 | $770,000 | 63.8% | 0.5% |
Tradition Mortgage, LLC | $900,000 | $745,000 | -17.2% | 0.4% |
AMERISAVE MORTGAGE CORPORATION | $2,035,000 | $740,000 | -63.6% | 0.4% |
Bank of England | $520,000 | $675,000 | 29.8% | 0.4% |
Citizens Alliance Bank | $430,000 | $665,000 | 54.7% | 0.4% |
Royal Credit Union | $300,000 | $660,000 | 120.0% | 0.4% |
JPMorgan Chase Bank | $1,365,000 | $605,000 | -55.7% | 0.4% |
Nicolet National Bank | $585,000 | n/a | 0.3% | |
USAA Federal Savings Bank | $1,080,000 | $580,000 | -46.3% | 0.3% |
Plains Commerce Bank | $1,480,000 | $570,000 | -61.5% | 0.3% |
Lend Smart Mortgage, LLC | $625,000 | $565,000 | -9.6% | 0.3% |
Paramount Residential Mortgage Group, Inc. | $1,185,000 | $515,000 | -56.5% | 0.3% |
Minnwest Bank | $500,000 | n/a | 0.3% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $195,000 | $495,000 | 153.8% | 0.3% |
21ST MORTGAGE CORPORATION | $570,000 | $450,000 | -21.1% | 0.3% |
Merchants Bank | $2,395,000 | $450,000 | -81.2% | 0.3% |
Associated Bank | $565,000 | $425,000 | -24.8% | 0.3% |
ENVOY MORTGAGE, LTD | $380,000 | $420,000 | 10.5% | 0.3% |
AFFINITY PLUS | $1,460,000 | $415,000 | -71.6% | 0.2% |
IOWA BANKERS MORTGAGE CORPORATION | $320,000 | $415,000 | 29.7% | 0.2% |
DRAPER AND KRAMER MORTGAGE CORP. | $405,000 | n/a | 0.2% | |
FINANCE OF AMERICA MORTGAGE LLC | $190,000 | $405,000 | 113.2% | 0.2% |
Ixonia Bank | $165,000 | $400,000 | 142.4% | 0.2% |
The Huntington National Bank | $25,000 | $400,000 | 1,500.0% | 0.2% |
GUARANTEED RATE AFFINITY, LLC | $1,515,000 | $395,000 | -73.9% | 0.2% |
American Airlines Federal Credit Union | $355,000 | n/a | 0.2% | |
FINANCE OF AMERICA REVERSE LLC | $220,000 | $355,000 | 61.4% | 0.2% |
Center National Bank | $350,000 | n/a | 0.2% | |
AmeriHome Mortgage Company, LLC | $155,000 | $345,000 | 122.6% | 0.2% |
NBKC BANK | $345,000 | n/a | 0.2% | |
CHURCHILL MORTGAGE CORPORATION | $335,000 | $330,000 | -1.5% | 0.2% |
Citizens Bank Minnesota | $635,000 | $325,000 | -48.8% | 0.2% |
UMB Bank | $325,000 | n/a | 0.2% | |
HIWAY | $320,000 | n/a | 0.2% | |
SPIRE Credit Union | $490,000 | $305,000 | -37.8% | 0.2% |
BankVista | $660,000 | $300,000 | -54.5% | 0.2% |
First Western Trust Bank | $295,000 | n/a | 0.2% | |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $515,000 | $285,000 | -44.7% | 0.2% |
MEGASTAR FINANCIAL CORP. | $360,000 | $285,000 | -20.8% | 0.2% |
NAVY FEDERAL CREDIT UNION | $310,000 | $285,000 | -8.1% | 0.2% |
SIRVA MORTGAGE, INC. | $285,000 | n/a | 0.2% | |
TOPLINE FEDERAL CREDIT UNION | $245,000 | $280,000 | 14.3% | 0.2% |
Sierra Pacific Mortgage Company, Inc. | $275,000 | n/a | 0.2% | |
ST. CLOUD FINANCIAL | $265,000 | n/a | 0.2% | |
Equity Prime Mortgage LLC | $255,000 | n/a | 0.2% | |
Heritage Bank | $255,000 | $255,000 | 0.0% | 0.2% |
Strong Home Mortgage, LLC | $255,000 | n/a | 0.2% | |
CHERRY CREEK MORTGAGE, LLC | $325,000 | $245,000 | -24.6% | 0.1% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $380,000 | $225,000 | -40.8% | 0.1% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $350,000 | $225,000 | -35.7% | 0.1% |
MOVEMENT MORTGAGE, LLC | $300,000 | $205,000 | -31.7% | 0.1% |
GSF Mortgage Corporation | $760,000 | $195,000 | -74.3% | 0.1% |
MANN FINANCIAL INC. | $330,000 | $195,000 | -40.9% | 0.1% |
NP, Inc. | $185,000 | n/a | 0.1% | |
Baxter Credit Union | $165,000 | $180,000 | 9.1% | 0.1% |
PHH Mortgage Corporation | $175,000 | n/a | 0.1% | |
First Bank & Trust | $165,000 | n/a | 0.1% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $165,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $165,000 | n/a | 0.1% | |
EMM LOANS LLC | $155,000 | n/a | 0.1% | |
Texana Bank | $155,000 | n/a | 0.1% | |
AXIA FINANCIAL, LLC | $650,000 | $145,000 | -77.7% | 0.1% |
MinnStar Bank N.A. | $145,000 | n/a | 0.1% | |
M&T Bank | $745,000 | $145,000 | -80.5% | 0.1% |
NEW DAY FINANCIAL, LLC | $1,070,000 | $145,000 | -86.4% | 0.1% |
Nations Lending Corporation | $420,000 | $125,000 | -70.2% | 0.1% |
Unity Bank | $115,000 | n/a | 0.1% | |
Gateway First Bank | $105,000 | n/a | 0.1% | |
RESULTS MORTGAGE, LLC | $1,725,000 | $105,000 | -93.9% | 0.1% |
Discover Bank | $200,000 | $100,000 | -50.0% | 0.1% |
BUILDING TRADES FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
SPRING EQ, LLC | $55,000 | $65,000 | 18.2% | 0.0% |
Figure Lending LLC | $60,000 | n/a | 0.0% | |
BMO Harris Bank | $25,000 | $55,000 | 120.0% | 0.0% |
Deerwood Bank | $35,000 | n/a | 0.0% | |
Frandsen Bank & Trust | $1,840,000 | $35,000 | -98.1% | 0.0% |
Hutchinson's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 7.3% market share. In second place, with 7.2%, is CORTRUST MORTGAGE, INC., having originated $11,995,000 in loans. In third place, with 6.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $10,265,000 in loans. In fourth place, with 5.0%, is BROKER SOLUTIONS, INC., having originated $8,425,000 in loans. In fifth place, with 4.9%, is QUICKEN LOANS, LLC, having originated $8,285,000 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 | $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 |
2023-03-01 | $348,675 (28.1%) | $364,525 (6.6%) | 0.00 | 25 |
2023-04-01 | $319,900 (6.7%) | $372,292 (6.6%) | 0.00 | 34 |
2023-05-01 | $335,975 (10.2%) | $376,697 (4.2%) | 0.00 | 41 |
2023-06-01 | $312,450 (0.0%) | $365,181 (0.2%) | 0.00 | 45 |
2023-07-01 | $284,950 (-9.5%) | $340,629 (-4.2%) | 0.00 | 44 |
2023-08-01 | $305,000 (2.4%) | $344,152 (-1.8%) | 0.00 | 48 |
Hutchinson's median listing price comes in at 0% of the national average.
Hutchinson's average listing price for 2023-08-01 was $344,152, a difference of $-6,223 (-1.8%) versus the prior year and $3,523 versus the prior month.
For the 2023-08-01 period, Hutchinson had 48 MLS listings, a difference of 4 listings (9%) versus the prior month and 1 listings (2%) 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 | 1,765 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 |
2023-03-01 | 0 days | 2,072 sqft |
2023-04-01 | 0 days | 2,161 sqft |
2023-05-01 | 0 days | 2,192 sqft |
2023-06-01 | 0 days | 2,099 sqft |
2023-07-01 | 0 days | 1,833 sqft |
2023-08-01 | 0 days | 1,901 sqft |
Hutchinson's median square footage for active listings during the 2023-08-01 period was 1,901 sqft. One year prior, the average listing was 2,045 sqft.
Hutchinson, MN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 494 | $109,980,000 | $222,632 |
Cash Out Refi | 149 | $27,905,000 | $187,282 |
Refi | 102 | $21,510,000 | $210,882 |
Home Improvement | 69 | $4,425,000 | $64,130 |
Other | 51 | $3,785,000 | $74,216 |
Hutchinson's most frequently cited loan purpose was Home Purchase, with 494 originations. The 2nd most popular reason was Cash Out Refi, with 149 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 236 | $49,720,000 | $210,678 |
4-5% | 203 | $42,175,000 | $207,759 |
3-4% | 163 | $39,265,000 | $240,890 |
6-7% | 81 | $14,885,000 | $183,765 |
2.5-3% | 47 | $8,095,000 | $172,234 |
<2.5% | 21 | $1,865,000 | $88,810 |
7-8% | 19 | $3,065,000 | $161,316 |
Over 8% | 10 | $630,000 | $63,000 |
During 2022, Hutchinson's most frequently originated rate bucket was 5-6%, with 236 originations.
Loan Sizing (Hutchinson, MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 350 | $91,520,000 | $261,486 |
$100k-200k | 299 | $46,775,000 | $156,438 |
$100,000 or less | 185 | $9,565,000 | $51,703 |
$400k-600k | 27 | $12,465,000 | $461,667 |
$600k-1000k | 3 | $1,975,000 | $658,333 |
$Over $1MM | 1 | $5,305,000 | $5,305,000 |
Hutchinson's loan sizing saw the bucket of loans from $200k-400k with 350 originations, totaling $91,520,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 373 | $88,015,000 | $235,965 |
60-80% | 209 | $44,595,000 | $213,373 |
40-60% | 76 | $17,620,000 | $231,842 |
Under 20% | 64 | $2,200,000 | $34,375 |
20-40% | 53 | $4,805,000 | $90,660 |
Over 100% | 6 | $1,800,000 | $300,000 |
Hutchinson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 373 originations, totaling $88,015,000 in origination value.