Hutchinson Mortgage Rates & Closing Costs

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

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%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
CORTRUST MORTGAGE, INC. 45 4.81% $5,788
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 4.86% $6,598
UNITED WHOLESALE MORTGAGE, LLC 26 5.17% $5,789
QUICKEN LOANS, LLC 17 5.14% $5,209
Bell Bank 16 5.20% $4,717
Wells Fargo Bank 16 4.55% $4,312
BROKER SOLUTIONS, INC. 16 5.22% $4,681
Summit Mortgage Corporation 15 5.16% $4,336
Prosperity Home Mortgage, LLC 11 5.18% $4,253
PENNYMAC LOAN SERVICES, LLC 10 5.22% $5,739
CROSSCOUNTRY MORTGAGE, LLC 10 5.49% $5,744
U.S. Bank 9 5.17% $3,495
Old National Bank 7 4.87% $2,588
Servion, Inc. 7 4.13% $4,019
HomeTown Bank 6 5.13% $3,195
Alerus Financial 6 4.83% $3,506
First Savings Bank 6 4.15% $5,503
Mortgages Unlimited Inc. 5 6.18% $7,700
FREEDOM MORTGAGE CORPORATION 5 5.62% $5,858
Bremer Bank 5 4.90% $5,671
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 5 4.76% $3,642
Waterstone Mortgage Corporation 5 4.83% $4,989
LOANDEPOT.COM, LLC 5 5.15% $6,586
GUARANTEED RATE, INC. 4 4.28% $6,549
HOME POINT FINANCIAL CORPORATION 4 4.96% $4,627
LAKEVIEW LOAN SERVICING, LLC 4 4.41% $5,089
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 5.53% $3,849
WINGS FINANCIAL 4 4.38% $2,963
EVERETT FINANCIAL, INC. 3 5.91% $2,063
Flagstar Bank, FSB 3 5.25% $3,243
Plains Commerce Bank 3 4.29% $2,186
Goldwater Bank, N.A. 3 6.04% $5,725
CARDINAL FINANCIAL 3 5.21% $10,712
American Mortgage & Equity Consultants, Inc. 3 4.75% $7,086
Mr. Cooper ( Nationstar Mortgage ) 2 4.25% $4,610
AMERISAVE MORTGAGE CORPORATION 2 4.19% $6,355
BAY EQUITY LLC 2 5.75% $4,793
Cambria Financial Group, LLC 2 5.75% $5,153
Carrington Mortgage Services, LLC 2 4.63% $5,979
CHURCHILL MORTGAGE CORPORATION 2 5.69% $4,244
Lend Smart Mortgage, LLC 2 5.69% $4,027
AmeriHome Mortgage Company, LLC 1 3.25% $6,359
Ixonia Bank 1 5.00% $6,571
MANN FINANCIAL INC. 1 3.63% $2,526
MEGASTAR FINANCIAL CORP. 1 5.63% $4,710
Merchants Bank 1 4.90% $2,147
IOWA BANKERS MORTGAGE CORPORATION 1 3.38% $3,168
AFFINITY PLUS 1 3.13% $2,376
Nations Lending Corporation 1 3.75% $5,693
NAVY FEDERAL CREDIT UNION 1 5.25% $5,801
NEWREZ LLC 1 5.38% $8,259
Nicolet National Bank 1 3.99% $4,330
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.50% $6,200
GSF Mortgage Corporation 1 4.49% $8,229
PHH Mortgage Corporation 1 4.50% $5,563
ENVOY MORTGAGE, LTD 1 6.63% $3,767
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.88% $6,967
EMM LOANS LLC 1 3.00% $5,745
DRAPER AND KRAMER MORTGAGE CORP. 1 5.75% $4,026
Royal Credit Union 1 5.13% $7,304
COMPEER FINANCIAL, FLCA 1 4.63% $8,937
Sierra Pacific Mortgage Company, Inc. 1 5.13% $4,743
SIRVA MORTGAGE, INC. 1 6.63% $0
SPIRE Credit Union 1 3.25% $3,449
ST. CLOUD FINANCIAL 1 3.13% $5,337
Strong Home Mortgage, LLC 1 5.38% $2,734
CHERRY CREEK MORTGAGE, LLC 1 5.50% $600
The Huntington National Bank 1 6.25% $5,788
TOPLINE FEDERAL CREDIT UNION 1 4.00% $8,484
Tradition Mortgage, LLC 1 3.88% $2,508
CALIBER HOME LOANS, INC. 1 3.50% $4,324
UMB Bank 1 4.73% $2,547
BankVista 1 4.38% $3,043
Bank of England 1 5.13% $5,622
AXIA FINANCIAL, LLC 1 3.88% $3,130
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.25% $1,868
JPMorgan Chase Bank 1 3.25% $4,852

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. 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
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 for 2023-08-01 was $305,000, a difference of $7,250 (2.4%) versus the prior year and $20,050 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 $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. 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
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 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 1,901 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.