Jamestown - Dunkirk - Fredonia Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Jamestown - Dunkirk - Fredonia averaged
6.68%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.61% and
one month ago for the week of 2024-10-03, the
average rate was 6.01%.
Jamestown - Dunkirk - Fredonia's average rate one year ago was 7.95%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.52%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Jamestown - Dunkirk - Fredonia 30 Year Fixed Rate | 2024-11-07 | 6.68% |
| Jamestown - Dunkirk - Fredonia 30 Year Fixed Rate Refi | 2024-11-07 | 6.52% |
| Jamestown - Dunkirk - Fredonia 15 Year Fixed Rate | 2024-11-07 | 6% |
| Jamestown - Dunkirk - Fredonia 15 Year Fixed Rate Refi | 2024-11-07 | 6.6% |
| Jamestown - Dunkirk - Fredonia 30 Year FHA | 2024-11-07 | 6.56% |
| Jamestown - Dunkirk - Fredonia 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Jamestown - Dunkirk - Fredonia 30 Year USDA | 2024-11-07 | 6.58% |
| Jamestown - Dunkirk - Fredonia 30 Year USDA Refi | 2024-11-07 | 6.68% |
| Jamestown - Dunkirk - Fredonia 30 Year VA | 2024-11-07 | 6.24% |
| Jamestown - Dunkirk - Fredonia 30 Year VA Refi | 2024-11-07 | 6.24% |
Jamestown - Dunkirk - Fredonia 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 Jamestown-Dunkirk-Fredonia, NY 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.).
Jamestown - Dunkirk - Fredonia Average Closing Costs & Other Stats
Jamestown-Dunkirk-Fredonia, NY's 68 lenders originated 1,612
loans during 2023. The total origination value was $223,110,000, with an average loan value of
$138,406.
Jamestown - Dunkirk - Fredonia's average closing costs are $3,937.
The top Jamestown - Dunkirk - Fredonia lender as defined by loan originations is Community Bank, with
138 loans originated. Their average total fees are
$390, which is $3,690
lower than the next largest lender,
Northwest Bank.
The lowest fee Jamestown - Dunkirk - Fredonia lenders (with over 10 loans originated) are
Community Bank ($390), GREATER WOODLAWN FEDERAL CREDIT UNION ($3,291), KeyBank ($3,715), Northwest Bank ($4,080) and M&T Bank ($4,418).
The lowest rate Jamestown - Dunkirk - Fredonia lenders (with over 10 loans originated) are
GREATER WOODLAWN FEDERAL CREDIT UNION (5.13%), Northwest Bank (6.39%), Premium Mortgage Corporation (6.70%), JPMorgan Chase Bank (6.71%) and KeyBank (6.76%).
Jamestown-Dunkirk-Fredonia, NY 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 |
|---|---|---|---|---|
| Community Bank | $45,775,000 | $33,845,000 | -26.1% | 15.2% |
| M&T Bank | $31,680,000 | $23,365,000 | -26.2% | 10.5% |
| QUICKEN LOANS, LLC | $30,375,000 | $19,095,000 | -37.1% | 8.6% |
| Lake Shore Savings Bank | $29,500,000 | $16,985,000 | -42.4% | 7.6% |
| Northwest Bank | $24,650,000 | $16,465,000 | -33.2% | 7.4% |
| Farm Credit East, ACA | $6,440,000 | $8,600,000 | 33.5% | 3.9% |
| Cattaraugus County Bank | $9,035,000 | $6,985,000 | -22.7% | 3.1% |
| KeyBank | $13,490,000 | $6,185,000 | -54.2% | 2.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,095,000 | $5,970,000 | 17.2% | 2.7% |
| Evans Bank | $5,810,000 | $5,245,000 | -9.7% | 2.4% |
| Premium Mortgage Corporation | $4,125,000 | $4,680,000 | 13.5% | 2.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $6,260,000 | $3,830,000 | -38.8% | 1.7% |
| CBRE MULTIFAMILY CAPITAL, INC. | $3,795,000 | n/a | 1.7% | |
| CROSSCOUNTRY MORTGAGE, LLC | $1,700,000 | $3,030,000 | 78.2% | 1.4% |
| HOMESTEAD FUNDING CORP. | $7,165,000 | $2,865,000 | -60.0% | 1.3% |
| Five Star Bank | $1,860,000 | $2,810,000 | 51.1% | 1.3% |
| GREATER WOODLAWN FEDERAL CREDIT UNION | $3,100,000 | $2,645,000 | -14.7% | 1.2% |
| Wells Fargo Bank | $4,780,000 | $2,615,000 | -45.3% | 1.2% |
| Mortgage Research Center, LLC | $3,450,000 | $2,390,000 | -30.7% | 1.1% |
| Citizens Bank | $3,570,000 | $2,375,000 | -33.5% | 1.1% |
| Bank of America | $2,045,000 | $2,355,000 | 15.2% | 1.1% |
| Morgan Stanley Private Bank | $1,370,000 | $2,285,000 | 66.8% | 1.0% |
| PNC Bank | $3,090,000 | $1,995,000 | -35.4% | 0.9% |
| NEWREZ LLC | $450,000 | $1,775,000 | 294.4% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $1,130,000 | $1,645,000 | 45.6% | 0.7% |
| JPMorgan Chase Bank | $2,585,000 | $1,635,000 | -36.8% | 0.7% |
| U.S. Bank | $360,000 | $1,615,000 | 348.6% | 0.7% |
| PLAZA HOME MORTGAGE, INC. | $580,000 | $1,490,000 | 156.9% | 0.7% |
| BMO Harris Bank | $1,425,000 | n/a | 0.6% | |
| The Upstate National Bank | $2,170,000 | $1,400,000 | -35.5% | 0.6% |
| 1ST PRIORITY MORTGAGE, INC. | $2,245,000 | $1,385,000 | -38.3% | 0.6% |
| USAA Federal Savings Bank | $1,565,000 | $1,305,000 | -16.6% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,455,000 | $1,290,000 | -11.3% | 0.6% |
| Centra Credit Union | $560,000 | $1,240,000 | 121.4% | 0.6% |
| CNB Bank | $2,765,000 | $1,235,000 | -55.3% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,370,000 | $1,205,000 | -49.2% | 0.5% |
| Western Division FCU | $2,135,000 | $1,125,000 | -47.3% | 0.5% |
| Barrington Bank & Trust Company, N.A. | $1,085,000 | $1,075,000 | -0.9% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $675,000 | $1,015,000 | 50.4% | 0.5% |
| 21ST MORTGAGE CORPORATION | $740,000 | $935,000 | 26.4% | 0.4% |
| Fifth Third Bank | $155,000 | $935,000 | 503.2% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $1,000,000 | $915,000 | -8.5% | 0.4% |
| SEFCU SERVICES, LLC | $830,000 | n/a | 0.4% | |
| Westfield Bank, FSB | $785,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $675,000 | n/a | 0.3% | |
| Flagstar Bank, FSB | $655,000 | $665,000 | 1.5% | 0.3% |
| Farmers Bank & Trust | $595,000 | n/a | 0.3% | |
| North American Savings Bank, F.S.B. | $485,000 | $595,000 | 22.7% | 0.3% |
| First National Bank of Pennsylvania | $465,000 | $590,000 | 26.9% | 0.3% |
| Tompkins Trust Company | $370,000 | $585,000 | 58.1% | 0.3% |
| LIMA ONE CAPITAL, LLC | $235,000 | $555,000 | 136.2% | 0.2% |
| HUNT MORTGAGE CORPORATION | $1,195,000 | $510,000 | -57.3% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $495,000 | n/a | 0.2% | |
| RELIANCE FIRST CAPITAL, LLC | $290,000 | $470,000 | 62.1% | 0.2% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $165,000 | $430,000 | 160.6% | 0.2% |
| Genesee Regional Bank | $270,000 | $410,000 | 51.9% | 0.2% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $390,000 | n/a | 0.2% | |
| NBKC BANK | $380,000 | n/a | 0.2% | |
| TD Bank | $75,000 | $365,000 | 386.7% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $920,000 | $350,000 | -62.0% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $345,000 | n/a | 0.2% | |
| The Federal Savings Bank | $525,000 | $345,000 | -34.3% | 0.2% |
| UBS Bank USA | $335,000 | n/a | 0.2% | |
| HOME TOWN FUNDING, INC. | $1,270,000 | $325,000 | -74.4% | 0.1% |
| The Huntington National Bank | $1,305,000 | $325,000 | -75.1% | 0.1% |
| Discover Bank | $205,000 | $310,000 | 51.2% | 0.1% |
| SUN Federal Credit Union | $305,000 | n/a | 0.1% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $305,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $285,000 | $265,000 | -7.0% | 0.1% |
| Empower Federal Credit Union | $205,000 | $260,000 | 26.8% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $440,000 | $255,000 | -42.0% | 0.1% |
| LOANDEPOT.COM, LLC | $1,220,000 | $240,000 | -80.3% | 0.1% |
| OAKTREE FUNDING CORP. | $225,000 | n/a | 0.1% | |
| STATE EMPLOYEES FEDERAL CREDIT UNION | $145,000 | $210,000 | 44.8% | 0.1% |
| ERIE FEDERAL CREDIT UNION | $205,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $355,000 | $190,000 | -46.5% | 0.1% |
| CORRY FEDERAL CREDIT UNION | $380,000 | $190,000 | -50.0% | 0.1% |
| Bank of England | $145,000 | $180,000 | 24.1% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $175,000 | n/a | 0.1% | |
| THE SUMMIT Federal Credit Union | $175,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $215,000 | $165,000 | -23.3% | 0.1% |
| CARDINAL FINANCIAL | $65,000 | $165,000 | 153.8% | 0.1% |
| Prosperity Home Mortgage, LLC | $165,000 | n/a | 0.1% | |
| Savannah Bank | $165,000 | n/a | 0.1% | |
| MID-ISLAND MORTGAGE CORP. | $215,000 | $155,000 | -27.9% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $155,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $250,000 | $155,000 | -38.0% | 0.1% |
| The Lyons National Bank | $145,000 | n/a | 0.1% | |
| Citibank | $135,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $490,000 | $135,000 | -72.4% | 0.1% |
| Moog Employees Federal Credit Union | $115,000 | n/a | 0.1% | |
| Bethpage Federal Credit Union | $110,000 | n/a | 0.0% | |
| First Western Trust Bank | $110,000 | n/a | 0.0% | |
| FIRST SOURCE | $105,000 | n/a | 0.0% | |
| GUARANTEED RATE, INC. | $2,020,000 | $105,000 | -94.8% | 0.0% |
| MidAtlantic Farm Credit, ACA | $215,000 | $105,000 | -51.2% | 0.0% |
| Service Federal Credit Union | $105,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $300,000 | $95,000 | -68.3% | 0.0% |
| HUDSON VALLEY CREDIT UNION | $85,000 | n/a | 0.0% | |
| Financial Trust | $105,000 | $60,000 | -42.9% | 0.0% |
| Connexus Credit Union | $55,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $55,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $200,000 | $55,000 | -72.5% | 0.0% |
| UTILITIES EMPLOYEES CREDIT UNION | $25,000 | $55,000 | 120.0% | 0.0% |
Jamestown - Dunkirk - Fredonia's top lender by overall market share is Community Bank, with 15.2% market share. In second place, with 10.5%, is M&T Bank, having originated $23,365,000 in loans. In third place, with 8.6%, is QUICKEN LOANS, LLC, having originated $19,095,000 in loans. In fourth place, with 7.6%, is Lake Shore Savings Bank, having originated $16,985,000 in loans. In fifth place, with 7.4%, is Northwest Bank, having originated $16,465,000 in loans.
Jamestown-Dunkirk-Fredonia, NY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 933 | $152,585,000 | $163,542 |
| Home Improvement | 203 | $14,115,000 | $69,532 |
| Refi | 180 | $19,700,000 | $109,444 |
| Other | 155 | $16,275,000 | $105,000 |
| Cash Out Refi | 141 | $20,435,000 | $144,929 |
Jamestown - Dunkirk - Fredonia's most frequently cited loan purpose was Home Purchase, with 933 originations. The 2nd most popular reason was Home Improvement, with 203 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 559 | $79,655,000 | $142,496 |
| 7-8% | 403 | $62,265,000 | $154,504 |
| Over 8% | 191 | $16,815,000 | $88,037 |
| 5-6% | 156 | $29,680,000 | $190,256 |
| <2.5% | 57 | $3,025,000 | $53,070 |
| 4-5% | 31 | $4,125,000 | $133,065 |
| 2.5-3% | 8 | $870,000 | $108,750 |
| 3-4% | 5 | $235,000 | $47,000 |
During 2023, Jamestown - Dunkirk - Fredonia's most frequently originated rate bucket was 6-7%, with 559 originations.
Loan Sizing (Jamestown-Dunkirk-Fredonia, NY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 711 | $42,155,000 | $59,290 |
| $100k-200k | 641 | $89,045,000 | $138,916 |
| $200k-400k | 217 | $56,975,000 | $262,558 |
| $400k-600k | 27 | $13,775,000 | $510,185 |
| $600k-1000k | 11 | $8,415,000 | $765,000 |
| $Over $1MM | 5 | $12,745,000 | $2,549,000 |
Jamestown - Dunkirk - Fredonia's loan sizing saw the bucket of loans from $100,000 or less with 711 originations, totaling $42,155,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 626 | $97,410,000 | $155,607 |
| 60-80% | 345 | $63,225,000 | $183,261 |
| 20-40% | 190 | $13,170,000 | $69,316 |
| 40-60% | 147 | $18,285,000 | $124,388 |
| Under 20% | 99 | $2,995,000 | $30,253 |
| Over 100% | 4 | $1,880,000 | $470,000 |
Jamestown - Dunkirk - Fredonia's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 626 originations, totaling $97,410,000 in origination value.