Jackson Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Jackson averaged
6.24%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.04% and
one month ago for the week of 2024-09-05, the
average rate was 6.27%.
Jackson's average rate one year ago was 7.31%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.22%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Jackson 30 Year Fixed Rate | 2024-10-10 | 6.24% |
Jackson 30 Year Fixed Rate Refi | 2024-10-10 | 6.22% |
Jackson 15 Year Fixed Rate | 2024-10-10 | 5.51% |
Jackson 15 Year Fixed Rate Refi | 2024-10-10 | 5.91% |
Jackson 30 Year FHA | 2024-10-10 | 5.9% |
Jackson 30 Year FHA Refi | 2024-10-10 | 6.4% |
Jackson 30 Year USDA | 2024-10-10 | 5.98% |
Jackson 30 Year USDA Refi | 2024-10-10 | 5.98% |
Jackson 30 Year VA | 2024-10-10 | 5.75% |
Jackson 30 Year VA Refi | 2024-10-10 | 5.95% |
Jackson 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 Jackson, WY-ID 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 Average Closing Costs & Other Stats
Jackson, WY-ID's 72 lenders originated 699
loans during 2023. The total origination value was $633,145,000, with an average loan value of
$905,787.
Jackson's average closing costs are $6,599.
The top Jackson lender as defined by loan originations is Zions Bank, with
51 loans originated. Their average total fees are
$7,335, which is $351
higher than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Jackson lenders (with over 10 loans originated) are
First Republic Bank ($4,421), NBH Bank ($4,449), JPMorgan Chase Bank ($6,774), GUILD MORTGAGE COMPANY ($6,984) and Morgan Stanley Private Bank ($7,180).
The lowest rate Jackson lenders (with over 10 loans originated) are
First Republic Bank (4.84%), Morgan Stanley Private Bank (5.63%), JPMorgan Chase Bank (5.79%), Wells Fargo Bank (6.09%) and Zions Bank (6.33%).
Jackson, WY-ID 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
Zions Bank | $56,040,000 | $60,080,000 | 7.2% | 9.5% |
First Republic Bank | $402,455,000 | $50,285,000 | -87.5% | 7.9% |
JPMorgan Chase Bank | $77,435,000 | $46,160,000 | -40.4% | 7.3% |
NBH Bank | $8,905,000 | $36,560,000 | 310.6% | 5.8% |
U.S. Bank | $58,230,000 | $29,325,000 | -49.6% | 4.6% |
Barings Multifamily Capital | $22,455,000 | n/a | 3.5% | |
Charles Schwab Bank, SSB | $11,500,000 | $22,135,000 | 92.5% | 3.5% |
First Western Trust Bank | $33,755,000 | $21,240,000 | -37.1% | 3.4% |
GUILD MORTGAGE COMPANY | $25,515,000 | $19,620,000 | -23.1% | 3.1% |
Morgan Stanley Private Bank | $67,955,000 | $19,490,000 | -71.3% | 3.1% |
First Interstate Bank | $43,840,000 | $19,045,000 | -56.6% | 3.0% |
UBS Bank USA | $49,630,000 | $18,690,000 | -62.3% | 3.0% |
Wells Fargo Bank | $81,455,000 | $16,715,000 | -79.5% | 2.6% |
Bank of America | $82,060,000 | $15,620,000 | -81.0% | 2.5% |
CROSSCOUNTRY MORTGAGE, LLC | $37,170,000 | $13,275,000 | -64.3% | 2.1% |
Dollar Bank, Federal Savings Bank | $13,170,000 | n/a | 2.1% | |
PNC Bank | $5,425,000 | $12,110,000 | 123.2% | 1.9% |
Citibank | $23,420,000 | $11,825,000 | -49.5% | 1.9% |
IDAHO CENTRAL | $23,295,000 | $11,640,000 | -50.0% | 1.8% |
Raymond James Bank | $10,375,000 | n/a | 1.6% | |
Goldman Sachs Bank USA | $15,125,000 | $10,015,000 | -33.8% | 1.6% |
The Bank of Commerce | $2,005,000 | $7,045,000 | 251.4% | 1.1% |
Stride Bank | $6,375,000 | n/a | 1.0% | |
QUICKEN LOANS, LLC | $11,575,000 | $6,185,000 | -46.6% | 1.0% |
Meridian Trust Federal Credit Union | $12,575,000 | $6,120,000 | -51.3% | 1.0% |
The Northern Trust Company | $6,900,000 | $6,020,000 | -12.8% | 1.0% |
Old National Bank | $2,405,000 | $5,785,000 | 140.5% | 0.9% |
Commerce Home Mortgage, Inc. | $4,960,000 | n/a | 0.8% | |
Vast Bank | $5,005,000 | $4,825,000 | -3.6% | 0.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,130,000 | $3,740,000 | -27.1% | 0.6% |
Citadel Servicing Corporation | $3,270,000 | $3,320,000 | 1.5% | 0.5% |
Pinnacle Bank - Wyoming | $3,225,000 | n/a | 0.5% | |
Hancock Whitney Bank | $3,105,000 | n/a | 0.5% | |
First Merchants Bank | $1,355,000 | $3,005,000 | 121.8% | 0.5% |
LENDSURE MORTGAGE CORP. | $3,005,000 | n/a | 0.5% | |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $2,950,000 | n/a | 0.5% | |
RF Renovo Management Company, LLC | $2,715,000 | n/a | 0.4% | |
Glacier Bank | $6,365,000 | $2,545,000 | -60.0% | 0.4% |
Pinnacle Bank | $2,485,000 | n/a | 0.4% | |
Axos Bank | $2,435,000 | n/a | 0.4% | |
DEEPHAVEN MORTGAGE LLC | $1,455,000 | $2,375,000 | 63.2% | 0.4% |
Flagstar Bank, FSB | $4,290,000 | $2,375,000 | -44.6% | 0.4% |
MANN FINANCIAL INC. | $975,000 | $2,330,000 | 139.0% | 0.4% |
EAST IDAHO Credit Union | $295,000 | $2,295,000 | 678.0% | 0.4% |
City National Bank | $9,995,000 | $2,280,000 | -77.2% | 0.4% |
Comerica Bank | $2,265,000 | n/a | 0.4% | |
BOKF | $2,255,000 | n/a | 0.4% | |
MOUNTAIN AMERICA | $5,905,000 | $2,180,000 | -63.1% | 0.3% |
NAVY FEDERAL CREDIT UNION | $880,000 | $1,970,000 | 123.9% | 0.3% |
CORNERSTONE HOME LENDING, INC. | $1,920,000 | n/a | 0.3% | |
Mr. Cooper ( Nationstar Mortgage ) | $1,015,000 | $1,800,000 | 77.3% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $660,000 | $1,785,000 | 170.5% | 0.3% |
FUNDLOANS CAPITAL | $1,755,000 | n/a | 0.3% | |
The First National Bank of Middle Tennessee | $1,725,000 | n/a | 0.3% | |
Stifel Bank and Trust | $2,475,000 | $1,715,000 | -30.7% | 0.3% |
NBKC BANK | $645,000 | $1,690,000 | 162.0% | 0.3% |
BMO Harris Bank | $2,005,000 | $1,645,000 | -18.0% | 0.3% |
CMG MORTGAGE, INC. | $2,275,000 | $1,580,000 | -30.5% | 0.2% |
BEEHIVE | $1,395,000 | $1,505,000 | 7.9% | 0.2% |
Stockman Bank of Montana | $1,415,000 | n/a | 0.2% | |
BROKER SOLUTIONS, INC. | $1,220,000 | $1,405,000 | 15.2% | 0.2% |
Middletown Valley Bank | $1,365,000 | n/a | 0.2% | |
WESTMARK Credit Union | $210,000 | $1,275,000 | 507.1% | 0.2% |
BNY Mellon | $14,580,000 | $1,210,000 | -91.7% | 0.2% |
CHEVRON | $1,165,000 | n/a | 0.2% | |
Washington Federal Bank | $195,000 | $1,025,000 | 425.6% | 0.2% |
Carrington Mortgage Services, LLC | $1,455,000 | $1,005,000 | -30.9% | 0.2% |
Bank of Idaho | $1,040,000 | $870,000 | -16.3% | 0.1% |
Figure Lending LLC | $210,000 | $865,000 | 311.9% | 0.1% |
UNITED WHOLESALE MORTGAGE, LLC | $5,315,000 | $820,000 | -84.6% | 0.1% |
Origin Bank | $805,000 | n/a | 0.1% | |
INTERCAP LENDING INC. | $1,625,000 | $755,000 | -53.5% | 0.1% |
The Huntington National Bank | $755,000 | n/a | 0.1% | |
First Financial Bank | $725,000 | n/a | 0.1% | |
D. L. Evans Bank | $895,000 | $710,000 | -20.7% | 0.1% |
Busey Bank | $705,000 | n/a | 0.1% | |
American Airlines Federal Credit Union | $645,000 | n/a | 0.1% | |
Opportunity Bank of Montana | $625,000 | n/a | 0.1% | |
S1L, Inc. | $1,345,000 | $620,000 | -53.9% | 0.1% |
DRAPER AND KRAMER MORTGAGE CORP. | $605,000 | n/a | 0.1% | |
BELEM SERVICING LLC | $600,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $2,185,000 | $595,000 | -72.8% | 0.1% |
FIRST COLONY MORTGAGE CORPORATION | $1,725,000 | $585,000 | -66.1% | 0.1% |
PHH Mortgage Corporation | $585,000 | n/a | 0.1% | |
The Central Trust Bank | $555,000 | n/a | 0.1% | |
Home Federal Bank | $535,000 | n/a | 0.1% | |
Horizon Bank SSB | $525,000 | n/a | 0.1% | |
MOVEMENT MORTGAGE, LLC | $705,000 | $515,000 | -27.0% | 0.1% |
East Coast Capital Corp. | $505,000 | n/a | 0.1% | |
FINANCE OF AMERICA REVERSE LLC | $1,445,000 | $505,000 | -65.1% | 0.1% |
Magnolia Bank | $505,000 | n/a | 0.1% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $495,000 | n/a | 0.1% | |
KeyBank | $14,055,000 | $495,000 | -96.5% | 0.1% |
VILLAGE CAPITAL MORTGAGE | $495,000 | n/a | 0.1% | |
BNC National Bank | $475,000 | n/a | 0.1% | |
PLAZA HOME MORTGAGE, INC. | $465,000 | n/a | 0.1% | |
RED CANOE CREDIT UNION | $465,000 | n/a | 0.1% | |
Northwest Farm Credit Services, FLCA | $2,105,000 | $455,000 | -78.4% | 0.1% |
GENEVA FINANCIAL, LLC | $435,000 | n/a | 0.1% | |
First Federal Bank | $425,000 | n/a | 0.1% | |
Frontier Bank | $405,000 | n/a | 0.1% | |
GSF Mortgage Corporation | $525,000 | $405,000 | -22.9% | 0.1% |
CHURCHILL MORTGAGE CORPORATION | $385,000 | n/a | 0.1% | |
SUMMIT FUNDING, INC. | $1,270,000 | $350,000 | -72.4% | 0.1% |
21ST MORTGAGE CORPORATION | $380,000 | $345,000 | -9.2% | 0.1% |
GoPrime Mortgage, Inc. | $345,000 | n/a | 0.1% | |
ACADEMY MORTGAGE CORPORATION | $335,000 | $335,000 | 0.0% | 0.1% |
BTC BANK | $310,000 | n/a | 0.0% | |
BankPlus | $205,000 | $305,000 | 48.8% | 0.0% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $300,000 | n/a | 0.0% | |
SOUTHWEST STAGE FUNDING, LLC | $780,000 | $295,000 | -62.2% | 0.0% |
CANOPY MORTGAGE, LLC | $1,350,000 | $275,000 | -79.6% | 0.0% |
PENNYMAC LOAN SERVICES, LLC | $835,000 | $255,000 | -69.5% | 0.0% |
FIRST COMMUNITY MORTGAGE, INC. | $975,000 | $235,000 | -75.9% | 0.0% |
CALCON MUTUAL MORTGAGE LLC | $195,000 | n/a | 0.0% | |
NEWREZ LLC | $755,000 | $185,000 | -75.5% | 0.0% |
Bank of the West | $3,520,000 | $155,000 | -95.6% | 0.0% |
Cornerstone First Mortgage, Inc | $155,000 | n/a | 0.0% | |
Discover Bank | $205,000 | $155,000 | -24.4% | 0.0% |
GTE Federal Credit Union | $155,000 | n/a | 0.0% | |
Alaska USA Federal Credit Union | $135,000 | n/a | 0.0% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
LADERA LENDING, INC. | $105,000 | n/a | 0.0% | |
PENTAGON FEDERAL CREDIT UNION | $1,425,000 | $95,000 | -93.3% | 0.0% |
Coastal Community Bank | $75,000 | n/a | 0.0% | |
Bank of Colorado | $7,005,000 | $55,000 | -99.2% | 0.0% |
Jackson's top lender by overall market share is Zions Bank, with 9.5% market share. In second place, with 7.9%, is First Republic Bank, having originated $50,285,000 in loans. In third place, with 7.3%, is JPMorgan Chase Bank, having originated $46,160,000 in loans. In fourth place, with 5.8%, is NBH Bank, having originated $36,560,000 in loans. In fifth place, with 4.6%, is U.S. Bank, having originated $29,325,000 in loans.
Jackson, WY-ID Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 367 | $408,685,000 | $1,113,583 |
Other | 114 | $90,850,000 | $796,930 |
Home Improvement | 91 | $23,965,000 | $263,352 |
Cash Out Refi | 65 | $47,925,000 | $737,308 |
Refi | 62 | $61,720,000 | $995,484 |
Jackson's most frequently cited loan purpose was Home Purchase, with 367 originations. The 2nd most popular reason was Other, with 114 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 183 | $166,895,000 | $911,995 |
Over 8% | 175 | $76,245,000 | $435,686 |
7-8% | 152 | $127,480,000 | $838,684 |
5-6% | 141 | $188,955,000 | $1,340,106 |
4-5% | 32 | $56,220,000 | $1,756,875 |
3-4% | 2 | $2,290,000 | $1,145,000 |
<2.5% | 1 | $135,000 | $135,000 |
2.5-3% | 1 | $855,000 | $855,000 |
During 2023, Jackson's most frequently originated rate bucket was 6-7%, with 183 originations.
Loan Sizing (Jackson, WY-ID MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$Over $1MM | 173 | $434,355,000 | $2,510,723 |
$200k-400k | 141 | $42,495,000 | $301,383 |
$400k-600k | 126 | $62,250,000 | $494,048 |
$600k-1000k | 100 | $77,320,000 | $773,200 |
$100k-200k | 95 | $12,955,000 | $136,368 |
$100,000 or less | 64 | $3,770,000 | $58,906 |
Jackson's loan sizing saw the bucket of loans from $Over $1MM with 173 originations, totaling $434,355,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
Under 20% | 193 | $47,695,000 | $247,124 |
60-80% | 184 | $256,160,000 | $1,392,174 |
20-40% | 114 | $95,070,000 | $833,947 |
40-60% | 111 | $126,495,000 | $1,139,595 |
80-100% | 82 | $69,190,000 | $843,780 |
Over 100% | 2 | $23,610,000 | $11,805,000 |
Jackson's loan sizing saw loans grouped in the Under 20% Loan-to-value bucket with 193 originations, totaling $47,695,000 in origination value.