Jackson Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Jackson averaged
5.97%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
6.14% and
one month ago for the week of 2023-10-26, the
average rate was 6.34%.
Jackson's average rate one year ago was 5.43%.
For refis of the same type during the week of 2023-11-30, the average rate
was 5.66%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
| Jackson 30 Year Fixed Rate | 2023-11-30 | 5.97% |
| Jackson 30 Year Fixed Rate Refi | 2023-11-30 | 5.66% |
| Jackson 15 Year Fixed Rate | 2023-11-30 | 6.36% |
| Jackson 15 Year Fixed Rate Refi | 2023-11-30 | 6.76% |
| Jackson 30 Year FHA | 2023-11-30 | 7.15% |
| Jackson 30 Year FHA Refi | 2023-11-30 | 7.05% |
| Jackson 30 Year USDA | 2023-11-30 | 7.2% |
| Jackson 30 Year USDA Refi | 2023-11-30 | 7% |
| Jackson 30 Year VA | 2023-11-30 | 6.57% |
| Jackson 30 Year VA Refi | 2023-11-30 | 6.57% |
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 89 lenders originated 1,325
loans during 2022. The total origination value was $1,530,055,000, with an average loan value of
$1,154,758.
Jackson's average closing costs are $6,415.
The top Jackson lender as defined by loan originations is First Republic Bank, with
155 loans originated. Their average total fees are
$6,912, which is $4,763
lower than the next largest lender,
U.S. Bank.
The lowest fee Jackson lenders (with over 10 loans originated) are
GUARANTEED RATE, INC. ($4,664), Zions Bank ($4,801), First Interstate Bank ($6,076), GUILD MORTGAGE COMPANY ($6,364) and First Western Trust Bank ($6,385).
The lowest rate Jackson lenders (with over 10 loans originated) are
JPMorgan Chase Bank (2.98%), GUARANTEED RATE, INC. (3.17%), First Republic Bank (3.18%), Wells Fargo Bank (3.28%) and Morgan Stanley Private Bank (3.45%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| First Republic Bank | $340,710,000 | $402,455,000 | 18.1% | 26.3% |
| Bank of America | $88,110,000 | $82,060,000 | -6.9% | 5.4% |
| Wells Fargo Bank | $115,485,000 | $81,455,000 | -29.5% | 5.3% |
| JPMorgan Chase Bank | $207,095,000 | $77,435,000 | -62.6% | 5.1% |
| Morgan Stanley Private Bank | $75,775,000 | $67,955,000 | -10.3% | 4.4% |
| U.S. Bank | $84,360,000 | $58,230,000 | -31.0% | 3.8% |
| Zions Bancorporation, N.A. | $69,900,000 | $56,040,000 | -19.8% | 3.7% |
| UBS Bank USA | $48,395,000 | $49,630,000 | 2.6% | 3.2% |
| First Interstate Bank | $81,570,000 | $43,840,000 | -46.3% | 2.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,895,000 | $37,170,000 | 1,861.5% | 2.4% |
| First Western Trust Bank | $14,095,000 | $33,755,000 | 139.5% | 2.2% |
| GUILD MORTGAGE COMPANY | $98,050,000 | $25,515,000 | -74.0% | 1.7% |
| Citibank | $68,820,000 | $23,420,000 | -66.0% | 1.5% |
| IDAHO CENTRAL | $29,440,000 | $23,295,000 | -20.9% | 1.5% |
| Goldman Sachs Bank USA | $28,790,000 | $15,125,000 | -47.5% | 1.0% |
| BNY Mellon | $16,675,000 | $14,580,000 | -12.6% | 1.0% |
| KeyBank | $22,740,000 | $14,055,000 | -38.2% | 0.9% |
| GUARANTEED RATE, INC. | $97,290,000 | $12,610,000 | -87.0% | 0.8% |
| Meridian Trust Federal Credit Union | $2,215,000 | $12,575,000 | 467.7% | 0.8% |
| QUICKEN LOANS, LLC | $41,420,000 | $11,575,000 | -72.1% | 0.8% |
| Charles Schwab Bank, SSB | $33,040,000 | $11,500,000 | -65.2% | 0.8% |
| Simmons Bank | $10,685,000 | n/a | 0.7% | |
| City National Bank | $39,860,000 | $9,995,000 | -74.9% | 0.7% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $2,810,000 | $9,605,000 | 241.8% | 0.6% |
| NBH Bank | $8,905,000 | n/a | 0.6% | |
| Bank of Colorado | $275,000 | $7,005,000 | 2,447.3% | 0.5% |
| The Northern Trust Company | $1,505,000 | $6,900,000 | 358.5% | 0.5% |
| Glacier Bank | $4,095,000 | $6,365,000 | 55.4% | 0.4% |
| MOUNTAIN AMERICA | $4,090,000 | $5,905,000 | 44.4% | 0.4% |
| Truist | $19,915,000 | $5,785,000 | -71.0% | 0.4% |
| Hinsdale Bank & Trust Company | $5,495,000 | $5,425,000 | -1.3% | 0.4% |
| PNC Bank | $10,870,000 | $5,425,000 | -50.1% | 0.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $11,550,000 | $5,315,000 | -54.0% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,525,000 | $5,130,000 | 103.2% | 0.3% |
| Vast Bank | $5,005,000 | n/a | 0.3% | |
| Toyota Financial Savings Bank | $4,805,000 | n/a | 0.3% | |
| Flagstar Bank, FSB | $11,060,000 | $4,290,000 | -61.2% | 0.3% |
| LIMA ONE CAPITAL, LLC | $4,205,000 | n/a | 0.3% | |
| Independent Bank | $4,005,000 | n/a | 0.3% | |
| Barrington Bank & Trust Company, N.A. | $3,780,000 | n/a | 0.2% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $5,910,000 | $3,635,000 | -38.5% | 0.2% |
| Bank of the West | $8,440,000 | $3,520,000 | -58.3% | 0.2% |
| Traditional Bank, Inc. | $3,415,000 | n/a | 0.2% | |
| Lake Forest Bank & Trust | $3,405,000 | n/a | 0.2% | |
| Citadel Servicing Corporation | $3,270,000 | n/a | 0.2% | |
| Midwest BankCentre | $1,295,000 | $3,205,000 | 147.5% | 0.2% |
| WINGS FINANCIAL | $2,805,000 | n/a | 0.2% | |
| EMBRACE HOME LOANS, INC. | $2,740,000 | n/a | 0.2% | |
| First Horizon Bank | $1,125,000 | $2,645,000 | 135.1% | 0.2% |
| Stifel Bank and Trust | $2,795,000 | $2,475,000 | -11.4% | 0.2% |
| Old National Bank | $2,405,000 | n/a | 0.2% | |
| CMG MORTGAGE, INC. | $2,275,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $9,450,000 | $2,185,000 | -76.9% | 0.1% |
| Northwest Farm Credit Services, FLCA | $1,055,000 | $2,105,000 | 99.5% | 0.1% |
| BMO Harris Bank | $7,905,000 | $2,005,000 | -74.6% | 0.1% |
| The Bank of Commerce | $5,965,000 | $2,005,000 | -66.4% | 0.1% |
| Hometown Equity Mortgage, LLC | $1,755,000 | n/a | 0.1% | |
| FIRST COLONY MORTGAGE CORPORATION | $305,000 | $1,725,000 | 465.6% | 0.1% |
| CALIBER HOME LOANS, INC. | $1,455,000 | $1,705,000 | 17.2% | 0.1% |
| The Federal Savings Bank | $1,700,000 | n/a | 0.1% | |
| HOME POINT FINANCIAL CORPORATION | $1,595,000 | $1,630,000 | 2.2% | 0.1% |
| INTERCAP LENDING INC. | $1,260,000 | $1,625,000 | 29.0% | 0.1% |
| LOANDEPOT.COM, LLC | $16,625,000 | $1,615,000 | -90.3% | 0.1% |
| Carrington Mortgage Services, LLC | $685,000 | $1,455,000 | 112.4% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $1,455,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $1,445,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $385,000 | $1,425,000 | 270.1% | 0.1% |
| BEEHIVE | $4,520,000 | $1,395,000 | -69.1% | 0.1% |
| First Merchants Bank | $1,355,000 | n/a | 0.1% | |
| CANOPY MORTGAGE, LLC | $1,400,000 | $1,350,000 | -3.6% | 0.1% |
| S1L, Inc. | $215,000 | $1,345,000 | 525.6% | 0.1% |
| Bank-Fund Staff Federal Credit Union | $1,335,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $1,285,000 | n/a | 0.1% | |
| SUMMIT FUNDING, INC. | $5,155,000 | $1,270,000 | -75.4% | 0.1% |
| Paramount Bank | $1,240,000 | n/a | 0.1% | |
| BROKER SOLUTIONS, INC. | $2,400,000 | $1,220,000 | -49.2% | 0.1% |
| Northwest Bank | $1,165,000 | n/a | 0.1% | |
| FREEDOM MORTGAGE CORPORATION | $5,750,000 | $1,070,000 | -81.4% | 0.1% |
| Jefferson Bank | $1,045,000 | n/a | 0.1% | |
| Bank of Idaho | $4,440,000 | $1,040,000 | -76.6% | 0.1% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,105,000 | $1,015,000 | -75.3% | 0.1% |
| ATHAS CAPITAL GROUP, INC. | $1,005,000 | n/a | 0.1% | |
| M&T Bank | $805,000 | $990,000 | 23.0% | 0.1% |
| Eagle Bank and Trust Company | $3,170,000 | $975,000 | -69.2% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $975,000 | n/a | 0.1% | |
| MANN FINANCIAL INC. | $1,715,000 | $975,000 | -43.1% | 0.1% |
| Bank of England | $945,000 | n/a | 0.1% | |
| D. L. Evans Bank | $1,420,000 | $895,000 | -37.0% | 0.1% |
| NAVY FEDERAL CREDIT UNION | $3,095,000 | $880,000 | -71.6% | 0.1% |
| HOMESTEAD FUNDING CORP. | $435,000 | $860,000 | 97.7% | 0.1% |
| PENNYMAC LOAN SERVICES, LLC | $3,740,000 | $835,000 | -77.7% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $445,000 | $780,000 | 75.3% | 0.1% |
| NEWREZ LLC | $3,585,000 | $755,000 | -78.9% | 0.0% |
| AMERICAN ADVISORS GROUP | $1,220,000 | $725,000 | -40.6% | 0.0% |
| Mortgage Research Center, LLC | $1,430,000 | $725,000 | -49.3% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $4,410,000 | $705,000 | -84.0% | 0.0% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,565,000 | $660,000 | -74.3% | 0.0% |
| Peapack-Gladstone Bank | $655,000 | n/a | 0.0% | |
| NBKC BANK | $1,050,000 | $645,000 | -38.6% | 0.0% |
| Umpqua Bank | $3,425,000 | $645,000 | -81.2% | 0.0% |
| Bethpage Federal Credit Union | $620,000 | n/a | 0.0% | |
| AMERISAVE MORTGAGE CORPORATION | $8,380,000 | $590,000 | -93.0% | 0.0% |
| Willamette Valley Bank | $575,000 | n/a | 0.0% | |
| Farmers & Merchants Savings Bank | $545,000 | n/a | 0.0% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $390,000 | $535,000 | 37.2% | 0.0% |
| GSF Mortgage Corporation | $525,000 | n/a | 0.0% | |
| IDAHO STATE UNIVERSITY | $315,000 | $520,000 | 65.1% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $2,290,000 | $445,000 | -80.6% | 0.0% |
| Nations Lending Corporation | $975,000 | $405,000 | -58.5% | 0.0% |
| 21ST MORTGAGE CORPORATION | $680,000 | $380,000 | -44.1% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,385,000 | $375,000 | -88.9% | 0.0% |
| Citizens Alliance Bank | $365,000 | n/a | 0.0% | |
| First Federal Savings Bank of Twin Falls | $185,000 | $365,000 | 97.3% | 0.0% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $355,000 | n/a | 0.0% | |
| ACADEMY MORTGAGE CORPORATION | $640,000 | $335,000 | -47.7% | 0.0% |
| First National Bank of America | $335,000 | n/a | 0.0% | |
| EAST IDAHO Credit Union | $520,000 | $295,000 | -43.3% | 0.0% |
| Wyoming Bank & Trust | $295,000 | n/a | 0.0% | |
| CONNECTIONS | $275,000 | n/a | 0.0% | |
| Network Funding, L.P. | $255,000 | n/a | 0.0% | |
| CENTENNIAL LENDING, LLC | $245,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $245,000 | n/a | 0.0% | |
| Deseret First Credit Union | $690,000 | $235,000 | -65.9% | 0.0% |
| Figure Lending LLC | $65,000 | $210,000 | 223.1% | 0.0% |
| WESTMARK Credit Union | $980,000 | $210,000 | -78.6% | 0.0% |
| BankPlus | $155,000 | $205,000 | 32.3% | 0.0% |
| Discover Bank | $105,000 | $205,000 | 95.2% | 0.0% |
| Southwest Airlines Federal Credit Union | $205,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $580,000 | $195,000 | -66.4% | 0.0% |
| Washington Federal Bank | $215,000 | $195,000 | -9.3% | 0.0% |
| VERITAS FUNDING, LLC | $275,000 | $175,000 | -36.4% | 0.0% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,330,000 | $145,000 | -89.1% | 0.0% |
| Utah Power | $85,000 | n/a | 0.0% | |
| Banner Bank | $75,000 | n/a | 0.0% | |
| SPOKANE TEACHERS | $55,000 | n/a | 0.0% | |
| AMERICA FIRST | $805,000 | $25,000 | -96.9% | 0.0% |
Jackson's top lender by overall market share is First Republic Bank, with 26.3% market share. In second place, with 5.4%, is Bank of America, having originated $82,060,000 in loans. In third place, with 5.3%, is Wells Fargo Bank, having originated $81,455,000 in loans. In fourth place, with 5.1%, is JPMorgan Chase Bank, having originated $77,435,000 in loans. In fifth place, with 4.4%, is Morgan Stanley Private Bank, having originated $67,955,000 in loans.
Jackson, WY-ID Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 538 | $750,350,000 | $1,394,703 |
| Cash Out Refi | 260 | $252,990,000 | $973,038 |
| Refi | 251 | $252,785,000 | $1,007,112 |
| Other | 171 | $236,635,000 | $1,383,830 |
| Home Improvement | 105 | $37,295,000 | $355,190 |
Jackson's most frequently cited loan purpose was Home Purchase, with 538 originations. The 2nd most popular reason was Cash Out Refi, with 260 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 370 | $400,730,000 | $1,083,054 |
| 4-5% | 280 | $294,500,000 | $1,051,786 |
| 2.5-3% | 182 | $321,850,000 | $1,768,407 |
| 5-6% | 138 | $86,100,000 | $623,913 |
| <2.5% | 132 | $204,220,000 | $1,547,121 |
| 6-7% | 64 | $36,930,000 | $577,031 |
| 7-8% | 24 | $15,950,000 | $664,583 |
| Over 8% | 12 | $2,580,000 | $215,000 |
During 2022, Jackson's most frequently originated rate bucket was 3-4%, with 370 originations.
Loan Sizing (Jackson, WY-ID MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $Over $1MM | 383 | $1,139,325,000 | $2,974,739 |
| $200k-400k | 310 | $92,270,000 | $297,645 |
| $600k-1000k | 223 | $172,085,000 | $771,682 |
| $400k-600k | 221 | $106,465,000 | $481,742 |
| $100k-200k | 109 | $15,045,000 | $138,028 |
| $100,000 or less | 79 | $4,865,000 | $61,582 |
Jackson's loan sizing saw the bucket of loans from $Over $1MM with 383 originations, totaling $1,139,325,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 291 | $495,295,000 | $1,702,045 |
| 20-40% | 250 | $227,440,000 | $909,760 |
| 40-60% | 247 | $401,205,000 | $1,624,312 |
| Under 20% | 245 | $73,385,000 | $299,531 |
| 80-100% | 167 | $164,745,000 | $986,497 |
Jackson's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 291 originations, totaling $495,295,000 in origination value.