Jackson 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 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%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Jackson, WY-ID.

    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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Zions Bank 51 6.33% $7,335
    GUILD MORTGAGE COMPANY 32 6.88% $6,984
    First Western Trust Bank 24 6.36% $7,896
    U.S. Bank 20 6.50% $12,338
    NBH Bank 15 6.99% $4,449
    JPMorgan Chase Bank 14 5.79% $6,774
    CROSSCOUNTRY MORTGAGE, LLC 14 6.84% $8,791
    First Republic Bank 13 4.84% $4,421
    Wells Fargo Bank 11 6.09% $7,451
    QUICKEN LOANS, LLC 11 6.57% $10,696
    Morgan Stanley Private Bank 10 5.63% $7,180
    First Interstate Bank 9 6.61% $7,225
    Charles Schwab Bank, SSB 9 5.65% $5,850
    IDAHO CENTRAL 6 6.51% $10,820
    PNC Bank 5 6.23% $6,795
    Bank of America 5 5.93% $8,822
    Citibank 5 6.05% $8,536
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.09% $18,052
    UBS Bank USA 4 6.28% $14,184
    Citadel Servicing Corporation 4 8.09% $18,272
    DEEPHAVEN MORTGAGE LLC 3 7.83% $23,563
    Raymond James Bank 3 5.71% $13,369
    Goldman Sachs Bank USA 3 5.48% $11,806
    EAST IDAHO Credit Union 3 6.73% $13,386
    Glacier Bank 3 7.33% $13,471
    ANGEL OAK MORTGAGE SOLUTIONS LLC 2 7.94% $25,117
    Bank of Idaho 2 6.93% $7,058
    BNY Mellon 2 6.69% $4,851
    CORNERSTONE HOME LENDING, INC. 2 7.00% $13,135
    Meridian Trust Federal Credit Union 2 7.31% $6,697
    MOUNTAIN AMERICA 2 7.00% $7,225
    MUTUAL OF OMAHA MORTGAGE, INC. 2 7.44% $10,475
    NBKC BANK 2 6.06% $7,111
    The Northern Trust Company 2 6.00% $11,875
    GoPrime Mortgage, Inc. 1 5.99% $9,690
    Dollar Bank, Federal Savings Bank 1 6.38% $6,738
    Hancock Whitney Bank 1 7.13% $10,052
    Commerce Home Mortgage, Inc. 1 9.75% $44,393
    INTERCAP LENDING INC. 1 8.00% $6,265
    CHURCHILL MORTGAGE CORPORATION 1 7.38% $12,354
    KeyBank 1 6.25% $4,602
    Magnolia Bank 1 7.00% $12,181
    MANN FINANCIAL INC. 1 6.25% $6,443
    BETTER MORTGAGE CORPORATION 1 6.38% $3,359
    CHEVRON 1 6.63% $32,083
    Washington Federal Bank 1 4.13% $25,522
    MOVEMENT MORTGAGE, LLC 1 7.63% $13,285
    Axos Bank 1 5.63% $2,715
    NAVY FEDERAL CREDIT UNION 1 6.25% $7,159
    CANOPY MORTGAGE, LLC 1 7.38% $7,086
    WESTMARK Credit Union 1 6.88% $15,650
    NEWREZ LLC 1 6.38% $7,978
    Opportunity Bank of Montana 1 7.50% $9,714
    Origin Bank 1 6.13% $5,414
    Pinnacle Bank 1 7.25% $11,744
    PLAZA HOME MORTGAGE, INC. 1 7.88% $18,846
    Busey Bank 1 5.88% $6,680
    BROKER SOLUTIONS, INC. 1 7.38% $9,208
    BNC National Bank 1 5.88% $4,999
    RED CANOE CREDIT UNION 1 5.88% $14,226
    S1L, Inc. 1 7.88% $7,668
    Stockman Bank of Montana 1 6.66% $18,092
    SUMMIT FUNDING, INC. 1 6.00% $8,450
    The Huntington National Bank 1 5.75% $7,129
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.75% $20,592
    BMO Harris Bank 1 5.38% $14,111
    UNITED WHOLESALE MORTGAGE, LLC 1 7.00% $3,818
    First Merchants Bank 1 7.50% $6,957
    First Financial Bank 1 7.63% $10,726
    GENEVA FINANCIAL, LLC 1 7.63% $12,749
    FIRST COMMUNITY MORTGAGE, INC. 1 6.00% $3,847
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.99% $4,951

    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.