Jackson Mortgage Rates
30 Year Fixed Rate mortgages in Jackson averaged
5.95%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
6.46% and
one month ago for the week of 2022-05-26, the
average rate was 5.75%.
Jackson's average rate one year ago was 3.25%.
For refis of the same type during the week of 2022-06-30, the average rate
was 5.79%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
Jackson 30 Year Fixed Rate | 2022-06-30 | 5.95% |
Jackson 30 Year Fixed Rate Refi | 2022-06-30 | 5.79% |
Jackson 15 Year Fixed Rate | 2022-06-30 | 5.99% |
Jackson 15 Year Fixed Rate Refi | 2022-06-30 | 5.15% |
Jackson 30 Year FHA | 2022-06-30 | 6.28% |
Jackson 30 Year FHA Refi | 2022-06-30 | 5.72% |
Jackson 30 Year USDA | 2022-06-30 | 5.81% |
Jackson 30 Year USDA Refi | 2022-06-30 | 6.25% |
Jackson 30 Year VA | 2022-06-30 | 5.95% |
Jackson 30 Year VA Refi | 2022-06-30 | 5.33% |
Jackson Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Jackson, OH 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.).
Jackson, OH's 52 lenders originated 836
loans during 2021. The total origination value was $119,700,000, with an average loan value of
$143,182.
The top Jackson lender as defined by loan originations is THE VINTON COUNTY NATIONAL BANK, with
35 loans originated. Their average total fees are
$2,814, which is $1,163
lower than the next largest lender,
WesBanco Bank, Inc..
The lowest fee Jackson lenders (with over 10 loans originated) are
Peoples Bank ($2,706), THE VINTON COUNTY NATIONAL BANK ($2,814), The Ohio Valley Bank Company ($3,223), WesBanco Bank, Inc. ($3,977) and Paramount Residential Mortgage Group, Inc. ($4,339).
The lowest rate Jackson lenders (with over 10 loans originated) are
WesBanco Bank, Inc. (2.96%), QUICKEN LOANS, LLC (3.24%), Paramount Residential Mortgage Group, Inc. (3.27%), RAPID MORTGAGE COMPANY (3.36%) and THE VINTON COUNTY NATIONAL BANK (3.52%).
Jackson, OH Lender 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 |
---|---|---|---|---|
ATOMIC CREDIT UNION, INC. | $16,085,000 | $13,810,000 | -14.1% | 11.5% |
THE VINTON COUNTY NATIONAL BANK | $15,600,000 | $12,670,000 | -18.8% | 10.6% |
RAPID MORTGAGE COMPANY | $8,405,000 | $11,725,000 | 39.5% | 9.8% |
QUICKEN LOANS, LLC | $6,175,000 | $9,590,000 | 55.3% | 8.0% |
Paramount Residential Mortgage Group, Inc. | $5,210,000 | $8,860,000 | 70.1% | 7.4% |
WesBanco Bank, Inc. | $4,100,000 | $7,235,000 | 76.5% | 6.0% |
Hometown Lenders, Inc. | $3,270,000 | $5,000,000 | 52.9% | 4.2% |
The Ohio Valley Bank Company | $6,820,000 | $4,905,000 | -28.1% | 4.1% |
Peoples Bank | $5,440,000 | $4,130,000 | -24.1% | 3.5% |
RUOFF MORTGAGE COMPANY, INC. | $250,000 | $2,585,000 | 934.0% | 2.2% |
UNION HOME MORTGAGE CORP. | $1,020,000 | $2,375,000 | 132.8% | 2.0% |
FREEDOM MORTGAGE CORPORATION | $1,455,000 | $2,110,000 | 45.0% | 1.8% |
PNC Bank | $1,610,000 | $1,850,000 | 14.9% | 1.5% |
Mortgage Research Center, LLC | $1,880,000 | $1,690,000 | -10.1% | 1.4% |
The Huntington National Bank | $1,615,000 | $1,560,000 | -3.4% | 1.3% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $1,145,000 | $1,515,000 | 32.3% | 1.3% |
U.S. Bank | $1,475,000 | $1,455,000 | -1.4% | 1.2% |
PRIORITY MORTGAGE CORP. | $1,305,000 | n/a | 1.1% | |
The Farmers Bank & Savings Company | $715,000 | $1,160,000 | 62.2% | 1.0% |
POLARIS HOME FUNDING CORP. | $210,000 | $1,070,000 | 409.5% | 0.9% |
Farm Credit Mid-America, ACA | $690,000 | $1,015,000 | 47.1% | 0.8% |
HOMELAND CREDIT UNION, INC. | $695,000 | $935,000 | 34.5% | 0.8% |
HOME POINT FINANCIAL CORPORATION | $935,000 | $760,000 | -18.7% | 0.6% |
CALIBER HOME LOANS, INC. | $275,000 | $725,000 | 163.6% | 0.6% |
First Federal Bank of the Midwest | $85,000 | $640,000 | 652.9% | 0.5% |
21ST MORTGAGE CORPORATION | $195,000 | $630,000 | 223.1% | 0.5% |
Fifth Third Bank | $865,000 | $630,000 | -27.2% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $605,000 | n/a | 0.5% | |
AMERISAVE MORTGAGE CORPORATION | $600,000 | n/a | 0.5% | |
JPMorgan Chase Bank | $585,000 | n/a | 0.5% | |
T2 FINANCIAL LLC | $565,000 | n/a | 0.5% | |
PLANET HOME LENDING, LLC | $430,000 | $555,000 | 29.1% | 0.5% |
LOANDEPOT.COM, LLC | $640,000 | $545,000 | -14.8% | 0.5% |
NAVY FEDERAL CREDIT UNION | $115,000 | $520,000 | 352.2% | 0.4% |
LENDUS, LLC | $65,000 | $495,000 | 661.5% | 0.4% |
HOMESIDE FINANCIAL, LLC | $490,000 | n/a | 0.4% | |
LAKEVIEW LOAN SERVICING, LLC | $85,000 | $485,000 | 470.6% | 0.4% |
BETTER MORTGAGE CORPORATION | $475,000 | n/a | 0.4% | |
BNC National Bank | $465,000 | n/a | 0.4% | |
LCNB National Bank | $60,000 | $430,000 | 616.7% | 0.4% |
The State Bank and Trust Company | $395,000 | n/a | 0.3% | |
Wells Fargo Bank | $515,000 | $395,000 | -23.3% | 0.3% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $380,000 | n/a | 0.3% | |
KEMBA FINANCIAL | $380,000 | n/a | 0.3% | |
Carrington Mortgage Services, LLC | $240,000 | $350,000 | 45.8% | 0.3% |
AMERICAN MORTGAGE SERVICE COMPANY | $345,000 | n/a | 0.3% | |
Flagstar Bank, FSB | $185,000 | $340,000 | 83.8% | 0.3% |
Mr. Cooper ( Nationstar Mortgage ) | $1,825,000 | $340,000 | -81.4% | 0.3% |
THE EQUITABLE MORTGAGE CORPORATION | $340,000 | n/a | 0.3% | |
Nations Lending Corporation | $205,000 | $320,000 | 56.1% | 0.3% |
Low VA Rates, LLC | $310,000 | $295,000 | -4.8% | 0.2% |
ZILLOW HOME LOANS, LLC | $295,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $35,000 | $265,000 | 657.1% | 0.2% |
NEWREZ LLC | $805,000 | $260,000 | -67.7% | 0.2% |
Pathways Financial Credit Union, Inc. | $260,000 | n/a | 0.2% | |
VILLAGE CAPITAL & INVESTMENT LLC | $230,000 | $260,000 | 13.0% | 0.2% |
Gateway First Bank | $245,000 | $255,000 | 4.1% | 0.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $95,000 | $250,000 | 163.2% | 0.2% |
KELLER MORTGAGE, LLC | $245,000 | n/a | 0.2% | |
The Union Bank Company | $245,000 | n/a | 0.2% | |
UNITED MORTGAGE CORP. | $135,000 | $240,000 | 77.8% | 0.2% |
Citizens Bank | $90,000 | $225,000 | 150.0% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $95,000 | $225,000 | 136.8% | 0.2% |
SOFI LENDING CORP. | $215,000 | n/a | 0.2% | |
CMG MORTGAGE, INC. | $205,000 | n/a | 0.2% | |
MYCUMORTGAGE, LLC | $205,000 | n/a | 0.2% | |
BAYSHORE MORTGAGE FUNDING, LLC | $185,000 | $195,000 | 5.4% | 0.2% |
USAA Federal Savings Bank | $970,000 | $195,000 | -79.9% | 0.2% |
Austin Capital Bank SSB | $175,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $185,000 | $175,000 | -5.4% | 0.1% |
DAS Acquisition Company, LLC | $620,000 | $170,000 | -72.6% | 0.1% |
AmeriHome Mortgage Company, LLC | $165,000 | n/a | 0.1% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $165,000 | n/a | 0.1% | |
Chicago Mortgage Solutions LLC | $155,000 | n/a | 0.1% | |
NFM, INC. | $155,000 | n/a | 0.1% | |
EMBRACE HOME LOANS, INC. | $145,000 | n/a | 0.1% | |
HALLMARK HOME MORTGAGE, LLC | $145,000 | n/a | 0.1% | |
Kingston National Bank | $360,000 | $145,000 | -59.7% | 0.1% |
Lakeview Community Capital, LLC | $145,000 | n/a | 0.1% | |
Mercantile Bank of Michigan | $135,000 | n/a | 0.1% | |
PLAZA HOME MORTGAGE, INC. | $135,000 | n/a | 0.1% | |
CROSSCOUNTRY MORTGAGE, LLC | $55,000 | $125,000 | 127.3% | 0.1% |
Goldwater Bank, N.A. | $125,000 | n/a | 0.1% | |
InterContinental Capital Group, Inc | $205,000 | $125,000 | -39.0% | 0.1% |
SOUTHWEST STAGE FUNDING, LLC | $125,000 | n/a | 0.1% | |
SUN WEST MORTGAGE COMPANY, INC. | $115,000 | n/a | 0.1% | |
AMERICAN FINANCIAL RESOURCES, INC. | $165,000 | $105,000 | -36.4% | 0.1% |
First Guaranty Mortgage Corporation | $95,000 | n/a | 0.1% | |
Truist Bank | $85,000 | n/a | 0.1% | |
AMERIFIRST FINANCIAL CORPORATION | $55,000 | $65,000 | 18.2% | 0.1% |
Third Federal Savings and Loan Association of Cleveland | $55,000 | $55,000 | 0.0% | 0.0% |
Jackson's top lender by overall market share is ATOMIC CREDIT UNION, INC., with 11.5% market share. In second place, with 10.6%, is THE VINTON COUNTY NATIONAL BANK, having originated $12,670,000 in loans. In third place, with 9.8%, is RAPID MORTGAGE COMPANY, having originated $11,725,000 in loans. In third place, with 8.0%, is QUICKEN LOANS, LLC, having originated $9,590,000 in loans. In third place, with 7.4%, is Paramount Residential Mortgage Group, Inc., having originated $8,860,000 in loans.
Jackson, OH Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 410 | $63,600,000 | $155,122 |
Refi | 248 | $34,910,000 | $140,766 |
Cash Out Refi | 103 | $14,225,000 | $138,107 |
Home Improvement | 39 | $3,155,000 | $80,897 |
Other | 36 | $3,810,000 | $105,833 |
Jackson's most frequently cited loan purpose was Home Purchase, with 410 originations. The 2nd most popular reason was Refi, with 248 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 347 | $53,265,000 | $153,501 |
2.5-3% | 203 | $30,495,000 | $150,222 |
<2.5% | 82 | $11,830,000 | $144,268 |
4-5% | 50 | $5,120,000 | $102,400 |
5-6% | 18 | $1,720,000 | $95,556 |
Over 8% | 12 | $1,170,000 | $97,500 |
6-7% | 5 | $575,000 | $115,000 |
7-8% | 5 | $295,000 | $59,000 |
During 2021, Jackson's most frequently originated rate bucket was 3-4%, with 347 originations.
Loan Sizing (Jackson, OH MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 388 | $54,710,000 | $141,005 |
$100,000 or less | 275 | $18,325,000 | $66,636 |
$200k-400k | 165 | $42,665,000 | $258,576 |
$400k-600k | 6 | $2,640,000 | $440,000 |
$600k-1000k | 2 | $1,360,000 | $680,000 |
Jackson's loan sizing saw the bucket of loans from $100k-200k with 388 originations, totaling $54,710,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 391 | $60,805,000 | $155,512 |
60-80% | 174 | $26,030,000 | $149,598 |
40-60% | 71 | $7,275,000 | $102,465 |
20-40% | 33 | $2,395,000 | $72,576 |
Over 100% | 15 | $3,155,000 | $210,333 |
Under 20% | 12 | $440,000 | $36,667 |
Jackson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 391 originations, totaling $60,805,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Jackson (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 | $99,700 (10.9%) | $137,091 (2.4%) | 0.00 | 131 |
2018-02-01 | $104,450 (7.1%) | $141,341 (2.8%) | 0.00 | 133 |
2018-03-01 | $109,900 (18.8%) | $148,300 (17.4%) | 0.00 | 143 |
2018-04-01 | $119,500 (25.9%) | $155,711 (13.6%) | 0.00 | 143 |
2018-05-01 | $118,500 (20.1%) | $176,624 (26.6%) | 0.00 | 137 |
2018-06-01 | $114,900 (9.4%) | $168,605 (17.7%) | 0.00 | 148 |
2018-07-01 | $116,900 (20.5%) | $167,866 (27.0%) | 0.00 | 147 |
2018-08-01 | $119,700 (26.4%) | $172,559 (22.4%) | 0.00 | 156 |
2018-09-01 | $119,000 (41.8%) | $171,830 (27.9%) | 0.00 | 155 |
2018-10-01 | $119,900 (20.0%) | $168,996 (16.6%) | 0.00 | 158 |
2018-11-01 | $119,700 (21.5%) | $172,047 (21.7%) | 0.00 | 153 |
2018-12-01 | $115,000 (33.9%) | $169,847 (26.4%) | 0.00 | 155 |
2019-01-01 | $109,700 (10.0%) | $150,579 (9.8%) | 0.00 | 143 |
2019-02-01 | $114,900 (10.0%) | $153,066 (8.3%) | 0.00 | 135 |
2019-03-01 | $122,514 (11.5%) | $165,230 (11.4%) | 0.00 | 127 |
2019-04-01 | $125,564 (5.1%) | $176,841 (13.6%) | 0.00 | 115 |
2019-05-01 | $127,950 (8.0%) | $184,049 (4.2%) | 0.00 | 116 |
2019-06-01 | $134,000 (16.6%) | $182,806 (8.4%) | 0.00 | 128 |
2019-07-01 | $126,700 (8.4%) | $175,177 (4.4%) | 0.00 | 118 |
2019-08-01 | $126,529 (5.7%) | $169,464 (-1.8%) | 0.00 | 114 |
2019-09-01 | $126,279 (6.1%) | $162,648 (-5.3%) | 0.00 | 119 |
2019-10-01 | $121,450 (1.3%) | $145,973 (-13.6%) | 0.00 | 114 |
2019-11-01 | $112,000 (-6.4%) | $146,012 (-15.1%) | 0.00 | 121 |
2019-12-01 | $124,700 (8.4%) | $176,489 (3.9%) | 0.00 | 100 |
2020-01-01 | $110,000 (0.3%) | $169,931 (12.9%) | 0.00 | 79 |
2020-02-01 | $109,900 (-4.4%) | $164,143 (7.2%) | 0.00 | 88 |
2020-03-01 | $119,900 (-2.1%) | $177,377 (7.4%) | 0.00 | 88 |
2020-04-01 | $141,950 (13.1%) | $187,768 (6.2%) | 0.00 | 87 |
2020-05-01 | $140,000 (9.4%) | $197,954 (7.6%) | 0.00 | 79 |
2020-06-01 | $140,000 (4.5%) | $184,875 (1.1%) | 0.00 | 76 |
2020-07-01 | $132,450 (4.5%) | $194,403 (11.0%) | 0.00 | 78 |
2020-08-01 | $149,900 (18.5%) | $231,054 (36.3%) | 0.00 | 88 |
2020-09-01 | $144,950 (14.8%) | $234,888 (44.4%) | 0.00 | 82 |
2020-10-01 | $145,900 (20.1%) | $227,771 (56.0%) | 0.00 | 84 |
2020-11-01 | $132,250 (18.1%) | $210,056 (43.9%) | 0.00 | 102 |
2020-12-01 | $132,000 (5.9%) | $209,511 (18.7%) | 0.00 | 110 |
2021-01-01 | $155,000 (40.9%) | $211,205 (24.3%) | 0.00 | 103 |
2021-02-01 | $159,900 (45.5%) | $219,624 (33.8%) | 0.00 | 93 |
2021-03-01 | $156,500 (30.5%) | $188,898 (6.5%) | 0.00 | 80 |
2021-04-01 | $159,900 (12.7%) | $187,776 (0.0%) | 0.00 | 61 |
2021-05-01 | $174,500 (24.6%) | $199,921 (1.0%) | 0.00 | 56 |
2021-06-01 | $169,000 (20.7%) | $193,814 (4.8%) | 0.00 | 55 |
2021-07-01 | $163,950 (23.8%) | $195,960 (0.8%) | 0.00 | 60 |
2021-08-01 | $137,450 (-8.3%) | $189,474 (-18.0%) | 0.00 | 66 |
2021-09-01 | $159,500 (10.0%) | $207,400 (-11.7%) | 0.00 | 62 |
2021-10-01 | $150,000 (2.8%) | $201,295 (-11.6%) | 0.00 | 71 |
2021-11-01 | $146,750 (11.0%) | $192,040 (-8.6%) | 0.00 | 75 |
2021-12-01 | $154,000 (16.7%) | $208,822 (-0.3%) | 0.00 | 72 |
2022-01-01 | $149,900 (-3.3%) | $205,449 (-2.7%) | 0.00 | 67 |
2022-02-01 | $148,000 (-7.4%) | $212,534 (-3.2%) | 0.00 | 61 |
2022-03-01 | $172,450 (10.2%) | $226,581 (20.0%) | 0.00 | 54 |
2022-04-01 | $199,900 (25.0%) | $231,638 (23.4%) | 0.00 | 55 |
2022-05-01 | $168,500 (-3.4%) | $232,952 (16.5%) | 0.00 | 58 |
2022-06-01 | $179,900 (6.5%) | $229,501 (18.4%) | 0.00 | 69 |
Jackson's median listing price comes in at 0% of the national average.
Jackson's average listing price for 2022-06-01 was $229,501, a difference of $35,687 (18.4%) versus the prior year and $-3,451 versus the prior month.
For the 2022-06-01 period, Jackson had 69 MLS listings, a difference of 11 listings (19%) versus the prior month and 14 listings (25%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Jackson (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,526 sqft |
2018-02-01 | 0 days | 1,539 sqft |
2018-03-01 | 0 days | 1,554 sqft |
2018-04-01 | 0 days | 1,565 sqft |
2018-05-01 | 0 days | 1,579 sqft |
2018-06-01 | 0 days | 1,568 sqft |
2018-07-01 | 0 days | 1,548 sqft |
2018-08-01 | 0 days | 1,572 sqft |
2018-09-01 | 0 days | 1,611 sqft |
2018-10-01 | 0 days | 1,628 sqft |
2018-11-01 | 0 days | 1,652 sqft |
2018-12-01 | 0 days | 1,539 sqft |
2019-01-01 | 0 days | 1,507 sqft |
2019-02-01 | 0 days | 1,513 sqft |
2019-03-01 | 0 days | 1,574 sqft |
2019-04-01 | 0 days | 1,614 sqft |
2019-05-01 | 0 days | 1,620 sqft |
2019-06-01 | 0 days | 1,674 sqft |
2019-07-01 | 0 days | 1,652 sqft |
2019-08-01 | 0 days | 1,620 sqft |
2019-09-01 | 0 days | 1,620 sqft |
2019-10-01 | 0 days | 1,589 sqft |
2019-11-01 | 0 days | 1,620 sqft |
2019-12-01 | 0 days | 1,637 sqft |
2020-01-01 | 0 days | 1,624 sqft |
2020-02-01 | 0 days | 1,566 sqft |
2020-03-01 | 0 days | 1,589 sqft |
2020-04-01 | 0 days | 1,736 sqft |
2020-05-01 | 0 days | 1,680 sqft |
2020-06-01 | 0 days | 1,653 sqft |
2020-07-01 | 0 days | 1,580 sqft |
2020-08-01 | 0 days | 1,600 sqft |
2020-09-01 | 0 days | 1,611 sqft |
2020-10-01 | 0 days | 1,596 sqft |
2020-11-01 | 0 days | 1,569 sqft |
2020-12-01 | 0 days | 1,754 sqft |
2021-01-01 | 0 days | 1,700 sqft |
2021-02-01 | 0 days | 1,724 sqft |
2021-03-01 | 0 days | 1,598 sqft |
2021-04-01 | 0 days | 1,679 sqft |
2021-05-01 | 0 days | 1,634 sqft |
2021-06-01 | 0 days | 1,634 sqft |
2021-07-01 | 0 days | 1,623 sqft |
2021-08-01 | 0 days | 1,565 sqft |
2021-09-01 | 0 days | 1,646 sqft |
2021-10-01 | 0 days | 1,588 sqft |
2021-11-01 | 0 days | 1,522 sqft |
2021-12-01 | 0 days | 1,586 sqft |
2022-01-01 | 0 days | 1,456 sqft |
2022-02-01 | 0 days | 1,512 sqft |
2022-03-01 | 0 days | 1,590 sqft |
2022-04-01 | 0 days | 1,613 sqft |
2022-05-01 | 0 days | 1,592 sqft |
2022-06-01 | 0 days | 1,489 sqft |
Jackson's median square footage for active listings during the 2022-06-01 period was 1,489 sqft. One year prior, the average listing was 1,634 sqft.