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 6.8% 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.