Jamestown 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 Jamestown averaged 6.96% for the week of 2024-07-11, compared to the national average of 6.89% for the same period.

    The average rate for the prior week (2024-07-03) was 6.92% and one month ago for the week of 2024-06-06, the average rate was 7.16%.

    Jamestown's average rate one year ago was 6.88%.

    For refis of the same type during the week of 2024-07-11, the average rate was 6.79%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-07-11 6.89%
    Jamestown 30 Year Fixed Rate 2024-07-11 6.96%
    Jamestown 30 Year Fixed Rate Refi 2024-07-11 6.79%
    Jamestown 15 Year Fixed Rate 2024-07-11 6.17%
    Jamestown 15 Year Fixed Rate Refi 2024-07-11 6.57%
    Jamestown 30 Year FHA 2024-07-11 6.86%
    Jamestown 30 Year FHA Refi 2024-07-11 6.66%
    Jamestown 30 Year USDA 2024-07-11 6.87%
    Jamestown 30 Year USDA Refi 2024-07-11 6.87%
    Jamestown 30 Year VA 2024-07-11 6.26%
    Jamestown 30 Year VA Refi 2024-07-11 6.16%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Jamestown, ND.

    Jamestown 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, ND 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
    FIRST COMMUNITY CREDIT UNION 29 6.35% $4,545
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 20 7.21% $4,946
    Gate City Bank 16 6.42% $3,903
    U.S. Bank 4 6.81% $3,415
    QUICKEN LOANS, LLC 3 6.92% $6,858
    Dacotah Bank 3 7.48% $2,853
    UNITED WHOLESALE MORTGAGE, LLC 2 7.11% $1,722
    Bank Forward 2 6.88% $4,673
    American Mortgage & Equity Consultants, Inc. 1 7.38% $7,970
    ZILLOW HOME LOANS, LLC 1 5.13% $6,687
    AMERISAVE MORTGAGE CORPORATION 1 5.88% $3,421
    Bank of England 1 7.50% $4,165
    Barrington Bank & Trust Company, N.A. 1 6.49% $6,590
    CAPITAL CREDIT UNION 1 7.88% $4,200
    Merchants Bank 1 7.15% $3,608
    Plains Commerce Bank 1 6.99% $4,668
    Wells Fargo Bank 1 4.50% $0

    Jamestown Average Closing Costs & Other Stats

    Jamestown, ND's 17 lenders originated 360 loans during 2023. The total origination value was $62,400,000, with an average loan value of $173,333.

    Jamestown's average closing costs are $4,701.

    The top Jamestown lender as defined by loan originations is FIRST COMMUNITY CREDIT UNION, with 29 loans originated. Their average total fees are $4,545, which is $401 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Jamestown lenders (with over 10 loans originated) are Gate City Bank ($3,903), FIRST COMMUNITY CREDIT UNION ($4,545), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,946), .

    The lowest rate Jamestown lenders (with over 10 loans originated) are FIRST COMMUNITY CREDIT UNION (6.35%), Gate City Bank (6.42%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (7.21%), .

    Jamestown, ND 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
    FIRST COMMUNITY CREDIT UNION $16,110,000 $12,370,000 -23.2% 19.8%
    Unison Bank $16,845,000 $10,475,000 -37.8% 16.8%
    Gate City Bank $9,095,000 $7,505,000 -17.5% 12.0%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,080,000 $6,470,000 58.6% 10.4%
    Bremer Bank $1,935,000 $5,150,000 166.1% 8.3%
    QUICKEN LOANS, LLC $2,850,000 $2,165,000 -24.0% 3.5%
    AgCountry Farm Credit Services, FLCA $1,955,000 n/a 3.1%
    Bank Forward $4,045,000 $1,350,000 -66.6% 2.2%
    U.S. Bank $1,615,000 $1,300,000 -19.5% 2.1%
    Mortgage Research Center, LLC $135,000 $1,290,000 855.6% 2.1%
    Cornerstone Bank $1,055,000 n/a 1.7%
    Dacotah Bank $3,705,000 $875,000 -76.4% 1.4%
    UNITED WHOLESALE MORTGAGE, LLC $165,000 $835,000 406.1% 1.3%
    Bell Bank $2,775,000 $665,000 -76.0% 1.1%
    Security First Bank of North Dakota $15,000 $500,000 3,233.3% 0.8%
    CAPITAL CREDIT UNION $380,000 n/a 0.6%
    AMERISAVE MORTGAGE CORPORATION $215,000 $355,000 65.1% 0.6%
    V.I.P. MORTGAGE, INC. $355,000 n/a 0.6%
    American Mortgage & Equity Consultants, Inc. $315,000 n/a 0.5%
    Starion Bank $35,000 $315,000 800.0% 0.5%
    Barrington Bank & Trust Company, N.A. $155,000 $305,000 96.8% 0.5%
    Wells Fargo Bank $1,605,000 $280,000 -82.6% 0.4%
    FIRST COMMUNITY MORTGAGE, INC. $245,000 n/a 0.4%
    MOVEMENT MORTGAGE, LLC $235,000 n/a 0.4%
    GUARANTEED RATE, INC. $155,000 $220,000 41.9% 0.4%
    21ST MORTGAGE CORPORATION $200,000 $215,000 7.5% 0.3%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $215,000 n/a 0.3%
    GUILD MORTGAGE COMPANY $135,000 $205,000 51.9% 0.3%
    Flagstar Bank, FSB $545,000 $195,000 -64.2% 0.3%
    The Federal Savings Bank $165,000 n/a 0.3%
    ZILLOW HOME LOANS, LLC $165,000 n/a 0.3%
    Chickasaw Community Bank $155,000 n/a 0.2%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $155,000 n/a 0.2%
    VALLEY MORTGAGE, INC. $635,000 $145,000 -77.2% 0.2%
    Bank of England $135,000 n/a 0.2%
    Choice Financial Group $205,000 $135,000 -34.1% 0.2%
    CRESCENT MORTGAGE COMPANY $125,000 $125,000 0.0% 0.2%
    Merchants Bank $115,000 n/a 0.2%
    NAVY FEDERAL CREDIT UNION $115,000 n/a 0.2%
    The Huntington National Bank $2,845,000 $115,000 -96.0% 0.2%
    LOANDEPOT.COM, LLC $210,000 $105,000 -50.0% 0.2%
    TOP FLITE FINANCIAL, INC. $95,000 n/a 0.2%
    Deere Employees Credit Union $55,000 $85,000 54.5% 0.1%
    First International Bank & Trust $760,000 $85,000 -88.8% 0.1%
    Plains Commerce Bank $75,000 n/a 0.1%
    Alerus Financial $145,000 $65,000 -55.2% 0.1%
    Discover Bank $55,000 n/a 0.1%
    Hometown Credit Union $185,000 $45,000 -75.7% 0.1%
    Nations Lending Corporation $45,000 n/a 0.1%
    Coastal Community Bank $25,000 n/a 0.0%

    Jamestown's top lender by overall market share is FIRST COMMUNITY CREDIT UNION, with 19.8% market share. In second place, with 16.8%, is Unison Bank, having originated $10,475,000 in loans. In third place, with 12.0%, is Gate City Bank, having originated $7,505,000 in loans. In fourth place, with 10.4%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $6,470,000 in loans. In fifth place, with 8.3%, is Bremer Bank, having originated $5,150,000 in loans.

    Jamestown Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Jamestown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $191,050 (-11.4%) $227,152 (-12.2%) 0.00 82
    2018-02-01 $189,900 (-14.5%) $230,083 (-14.0%) 0.00 87
    2018-03-01 $189,900 (-14.8%) $225,156 (-13.2%) 0.00 92
    2018-04-01 $189,425 (-15.3%) $223,191 (-16.7%) 0.00 103
    2018-05-01 $195,053 (-10.7%) $222,256 (-11.3%) 0.00 105
    2018-06-01 $193,900 (-3.7%) $218,750 (-7.9%) 0.00 112
    2018-07-01 $195,753 (-12.8%) $223,820 (-8.7%) 0.00 120
    2018-08-01 $197,954 (-0.5%) $223,048 (-5.2%) 0.00 121
    2018-09-01 $198,000 (4.3%) $216,770 (-5.5%) 0.00 121
    2018-10-01 $184,450 (-2.9%) $210,115 (-8.4%) 0.00 117
    2018-11-01 $189,225 (-2.7%) $212,992 (-6.7%) 0.00 109
    2018-12-01 $193,500 (1.9%) $214,902 (-2.7%) 0.00 102
    2019-01-01 $184,450 (-3.5%) $213,441 (-6.0%) 0.00 94
    2019-02-01 $179,900 (-5.3%) $213,531 (-7.2%) 0.00 91
    2019-03-01 $189,643 (-0.1%) $222,626 (-1.1%) 0.00 84
    2019-04-01 $194,900 (2.9%) $229,172 (2.7%) 0.00 79
    2019-05-01 $213,950 (9.7%) $244,050 (9.8%) 0.00 89
    2019-06-01 $197,950 (2.1%) $233,293 (6.7%) 0.00 101
    2019-07-01 $196,025 (0.1%) $233,559 (4.4%) 0.00 99
    2019-08-01 $191,005 (-3.5%) $229,250 (2.8%) 0.00 102
    2019-09-01 $184,786 (-6.7%) $218,050 (0.6%) 0.00 100
    2019-10-01 $179,975 (-2.4%) $209,951 (-0.1%) 0.00 98
    2019-11-01 $167,950 (-11.2%) $197,404 (-7.3%) 0.00 93
    2019-12-01 $167,425 (-13.5%) $191,658 (-10.8%) 0.00 85
    2020-01-01 $166,225 (-9.9%) $194,781 (-8.7%) 0.00 77
    2020-02-01 $168,950 (-6.1%) $195,617 (-8.4%) 0.00 79
    2020-03-01 $176,700 (-6.8%) $209,767 (-5.8%) 0.00 81
    2020-04-01 $168,750 (-13.4%) $202,066 (-11.8%) 0.00 76
    2020-05-01 $183,000 (-14.5%) $210,508 (-13.7%) 0.00 82
    2020-06-01 $185,000 (-6.5%) $211,227 (-9.5%) 0.00 81
    2020-07-01 $189,675 (-3.2%) $218,439 (-6.5%) 0.00 70
    2020-08-01 $191,900 (0.5%) $226,320 (-1.3%) 0.00 77
    2020-09-01 $182,400 (-1.3%) $218,764 (0.3%) 0.00 77
    2020-10-01 $185,500 (3.1%) $217,128 (3.4%) 0.00 77
    2020-11-01 $194,725 (15.9%) $227,999 (15.5%) 0.00 67
    2020-12-01 $191,500 (14.4%) $221,252 (15.4%) 0.00 72
    2021-01-01 $186,500 (12.2%) $211,606 (8.6%) 0.00 57
    2021-02-01 $186,500 (10.4%) $209,538 (7.1%) 0.00 52
    2021-03-01 $184,000 (4.1%) $206,302 (-1.7%) 0.00 51
    2021-04-01 $162,000 (-4.0%) $202,739 (0.3%) 0.00 50
    2021-05-01 $163,450 (-10.7%) $211,147 (0.3%) 0.00 39
    2021-06-01 $169,999 (-8.1%) $223,895 (6.0%) 0.00 37
    2021-07-01 $179,000 (-5.6%) $222,515 (1.9%) 0.00 49
    2021-08-01 $193,200 (0.7%) $216,031 (-4.6%) 0.00 48
    2021-09-01 $167,450 (-8.2%) $223,608 (2.2%) 0.00 45
    2021-10-01 $163,000 (-12.1%) $199,155 (-8.3%) 0.00 37
    2021-11-01 $175,000 (-10.1%) $210,047 (-7.9%) 0.00 30
    2021-12-01 $179,900 (-6.1%) $222,198 (0.4%) 0.00 30
    2022-01-01 $179,900 (-3.5%) $241,277 (14.0%) 0.00 29
    2022-02-01 $210,500 (12.9%) $242,202 (15.6%) 0.00 25
    2022-03-01 $200,950 (9.2%) $238,623 (15.7%) 0.00 32
    2022-04-01 $212,000 (30.9%) $246,500 (21.6%) 0.00 28
    2022-05-01 $176,725 (8.1%) $219,717 (4.1%) 0.00 38
    2022-06-01 $169,925 (0.0%) $200,766 (-10.3%) 0.00 40
    2022-07-01 $189,900 (6.1%) $211,826 (-4.8%) 0.00 43
    2022-08-01 $194,950 (0.9%) $248,696 (15.1%) 0.00 55
    2022-09-01 $181,220 (8.2%) $231,548 (3.6%) 0.00 56
    2022-10-01 $174,450 (7.0%) $226,337 (13.7%) 0.00 57
    2022-11-01 $172,900 (-1.2%) $234,143 (11.5%) 0.00 46
    2022-12-01 $170,950 (-5.0%) $215,851 (-2.9%) 0.00 40
    2023-01-01 $164,225 (-8.7%) $209,265 (-13.3%) 0.00 41
    2023-02-01 $164,225 (-22.0%) $212,842 (-12.1%) 0.00 31
    2023-03-01 $168,000 (-16.4%) $235,283 (-1.4%) 0.00 21
    2023-04-01 $179,900 (-15.1%) $263,042 (6.7%) 0.00 23
    2023-05-01 $211,175 (19.5%) $271,814 (23.7%) 0.00 30
    2023-06-01 $248,200 (46.1%) $278,791 (38.9%) 0.00 48
    2023-07-01 $215,950 (13.7%) $267,630 (26.3%) 0.00 50
    2023-08-01 $229,700 (17.8%) $292,556 (17.6%) 0.00 56
    2023-09-01 $234,450 (29.4%) $290,854 (25.6%) 0.00 50
    2023-10-01 $226,175 (29.7%) $248,052 (9.6%) 0.00 52
    2023-11-01 $229,450 (32.7%) $252,614 (7.9%) 0.00 43
    2023-12-01 $244,900 (43.3%) $259,141 (20.1%) 0.00 36
    2024-01-01 $234,450 (42.8%) $242,017 (15.7%) 0.00 36
    2024-02-01 $212,175 (29.2%) $220,954 (3.8%) 0.00 31
    2024-03-01 $174,450 (3.8%) $254,680 (8.2%) 0.00 28
    2024-04-01 $183,475 (2.0%) $278,272 (5.8%) 0.00 26
    2024-05-01 $216,150 (2.4%) $305,905 (12.5%) 0.00 28
    2024-06-01 $229,000 (-7.7%) $341,645 (22.6%) 0.00 29
    Jamestown's median listing price for 2024-06-01 was $229,000, a difference of $-19,200 (-7.7%) versus the prior year and $12,850 versus the prior month.

    Jamestown's median listing price comes in at 0% of the national average.

    Jamestown's average listing price for 2024-06-01 was $341,645, a difference of $62,854 (22.6%) versus the prior year and $35,740 versus the prior month.

    For the 2024-06-01 period, Jamestown had 29 MLS listings, a difference of 1 listings (4%) versus the prior month and -19 listings (-40%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Jamestown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,999 sqft
    2018-02-01 0 days 1,992 sqft
    2018-03-01 0 days 1,959 sqft
    2018-04-01 0 days 1,916 sqft
    2018-05-01 0 days 1,896 sqft
    2018-06-01 0 days 1,904 sqft
    2018-07-01 0 days 1,971 sqft
    2018-08-01 0 days 2,000 sqft
    2018-09-01 0 days 2,008 sqft
    2018-10-01 0 days 1,960 sqft
    2018-11-01 0 days 1,943 sqft
    2018-12-01 0 days 2,000 sqft
    2019-01-01 0 days 1,960 sqft
    2019-02-01 0 days 1,970 sqft
    2019-03-01 0 days 2,034 sqft
    2019-04-01 0 days 2,037 sqft
    2019-05-01 0 days 2,175 sqft
    2019-06-01 0 days 2,036 sqft
    2019-07-01 0 days 2,000 sqft
    2019-08-01 0 days 1,952 sqft
    2019-09-01 0 days 1,880 sqft
    2019-10-01 0 days 1,824 sqft
    2019-11-01 0 days 1,824 sqft
    2019-12-01 0 days 1,816 sqft
    2020-01-01 0 days 1,807 sqft
    2020-02-01 0 days 1,824 sqft
    2020-03-01 0 days 1,920 sqft
    2020-04-01 0 days 1,847 sqft
    2020-05-01 0 days 1,960 sqft
    2020-06-01 0 days 1,991 sqft
    2020-07-01 0 days 1,956 sqft
    2020-08-01 0 days 1,994 sqft
    2020-09-01 0 days 1,988 sqft
    2020-10-01 0 days 1,976 sqft
    2020-11-01 0 days 2,021 sqft
    2020-12-01 0 days 1,994 sqft
    2021-01-01 0 days 1,806 sqft
    2021-02-01 0 days 1,903 sqft
    2021-03-01 0 days 1,784 sqft
    2021-04-01 0 days 1,652 sqft
    2021-05-01 0 days 1,652 sqft
    2021-06-01 0 days 1,639 sqft
    2021-07-01 0 days 1,600 sqft
    2021-08-01 0 days 1,576 sqft
    2021-09-01 0 days 1,627 sqft
    2021-10-01 0 days 1,510 sqft
    2021-11-01 0 days 1,858 sqft
    2021-12-01 0 days 1,989 sqft
    2022-01-01 0 days 1,920 sqft
    2022-02-01 0 days 1,800 sqft
    2022-03-01 0 days 1,850 sqft
    2022-04-01 0 days 2,191 sqft
    2022-05-01 0 days 1,651 sqft
    2022-06-01 0 days 1,569 sqft
    2022-07-01 0 days 1,563 sqft
    2022-08-01 0 days 1,670 sqft
    2022-09-01 0 days 1,615 sqft
    2022-10-01 0 days 1,668 sqft
    2022-11-01 0 days 1,713 sqft
    2022-12-01 0 days 1,698 sqft
    2023-01-01 0 days 1,630 sqft
    2023-02-01 0 days 1,591 sqft
    2023-03-01 0 days 1,582 sqft
    2023-04-01 0 days 1,834 sqft
    2023-05-01 0 days 1,840 sqft
    2023-06-01 0 days 2,195 sqft
    2023-07-01 0 days 2,040 sqft
    2023-08-01 0 days 2,190 sqft
    2023-09-01 0 days 2,068 sqft
    2023-10-01 0 days 1,946 sqft
    2023-11-01 0 days 2,011 sqft
    2023-12-01 0 days 2,026 sqft
    2024-01-01 0 days 2,019 sqft
    2024-02-01 0 days 1,927 sqft
    2024-03-01 0 days 1,952 sqft
    2024-04-01 0 days 2,117 sqft
    2024-05-01 0 days 2,184 sqft
    2024-06-01 0 days 2,179 sqft
    Jamestown's median listing age (time on market) for 2024-06-01 was 0 days.

    Jamestown's median square footage for active listings during the 2024-06-01 period was 2,179 sqft. One year prior, the average listing was 2,195 sqft.

    Jamestown, ND Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 202 $45,960,000 $227,525
    Cash Out Refi 51 $4,625,000 $90,686
    Home Improvement 48 $4,210,000 $87,708
    Refi 34 $5,360,000 $157,647
    Other 25 $2,245,000 $89,800

    Jamestown's most frequently cited loan purpose was Home Purchase, with 202 originations. The 2nd most popular reason was Cash Out Refi, with 51 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 116 $17,820,000 $153,621
    7-8% 77 $13,875,000 $180,195
    5-6% 43 $12,615,000 $293,372
    Over 8% 40 $5,170,000 $129,250
    3-4% 9 $575,000 $63,889
    2.5-3% 3 $145,000 $48,333
    4-5% 1 $205,000 $205,000

    During 2023, Jamestown's most frequently originated rate bucket was 6-7%, with 116 originations.

    Loan Sizing (Jamestown, ND MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 140 $7,470,000 $53,357
    $100k-200k 131 $19,335,000 $147,595
    $200k-400k 70 $18,970,000 $271,000
    $400k-600k 9 $4,165,000 $462,778
    $600k-1000k 6 $4,610,000 $768,333
    $Over $1MM 4 $7,850,000 $1,962,500

    Jamestown's loan sizing saw the bucket of loans from $100,000 or less with 140 originations, totaling $7,470,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 127 $23,845,000 $187,756
    60-80% 56 $18,410,000 $328,750
    Under 20% 43 $1,715,000 $39,884
    20-40% 40 $3,620,000 $90,500
    40-60% 22 $2,760,000 $125,455
    Over 100% 1 $55,000 $55,000

    Jamestown's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 127 originations, totaling $23,845,000 in origination value.