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 6.33% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.76% and one month ago for the week of 2023-02-09, the average rate was 5.95%.

    Jamestown's average rate one year ago was 3.22%.

    For refis of the same type during the week of 2023-03-16, the average rate was 7.11%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Jamestown 30 Year Fixed Rate 2023-03-16 6.33%
    Jamestown 30 Year Fixed Rate Refi 2023-03-16 7.11%
    Jamestown 15 Year Fixed Rate 2023-03-16 6.1%
    Jamestown 15 Year Fixed Rate Refi 2023-03-16 6.92%
    Jamestown 30 Year FHA 2023-03-16 6.13%
    Jamestown 30 Year FHA Refi 2023-03-16 6.19%
    Jamestown 30 Year USDA 2023-03-16 6.06%
    Jamestown 30 Year USDA Refi 2023-03-16 2.29%
    Jamestown 30 Year VA 2023-03-16 6.03%
    Jamestown 30 Year VA Refi 2023-03-16 5.63%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    FIRST COMMUNITY CREDIT UNION 24 4.71% $4,707
    Gate City Bank 23 4.67% $4,712
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 5.54% $3,960
    Bank Forward 9 4.82% $3,842
    The Huntington National Bank 7 3.28% $4,913
    Wells Fargo Bank 6 5.48% $1,614
    QUICKEN LOANS, LLC 6 4.75% $5,260
    Bremer Bank 4 4.59% $7,434
    Dacotah Bank 3 4.71% $4,469
    U.S. Bank 3 5.90% $2,650
    Flagstar Bank, FSB 2 4.25% $5,096
    VALLEY MORTGAGE, INC. 2 3.69% $4,091
    First Interstate Bank 2 5.13% $4,314
    WINGS FINANCIAL 1 4.88% $2,579
    AmeriHome Mortgage Company, LLC 1 2.99% $4,951
    AMERISAVE MORTGAGE CORPORATION 1 3.38% $1,985
    CALIBER HOME LOANS, INC. 1 3.75% $4,424
    FINANCE OF AMERICA MORTGAGE LLC 1 6.13% $2,800
    First International Bank & Trust 1 3.38% $4,705
    GUILD MORTGAGE COMPANY 1 3.88% $4,586
    HOME POINT FINANCIAL CORPORATION 1 2.75% $7,051
    JPMorgan Chase Bank 1 4.99% $0
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $5,905
    UNITED WHOLESALE MORTGAGE, LLC 1 3.13% $3,245
    Western State Bank 1 5.63% $3,249
    Alerus Financial 1 6.88% $0

    Jamestown Average Closing Costs & Other Stats

    Jamestown, ND's 26 lenders originated 434 loans during 2022. The total origination value was $79,190,000, with an average loan value of $182,465.

    Jamestown's average closing costs are $4,605.

    The top Jamestown lender as defined by loan originations is FIRST COMMUNITY CREDIT UNION, with 24 loans originated. Their average total fees are $4,707, which is $5 lower than the next largest lender, Gate City Bank.

    The lowest fee Jamestown lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,960), FIRST COMMUNITY CREDIT UNION ($4,707), Gate City Bank ($4,712), .

    The lowest rate Jamestown lenders (with over 10 loans originated) are Gate City Bank (4.67%), FIRST COMMUNITY CREDIT UNION (4.71%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (5.54%), .

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Unison Bank $18,550,000 $16,845,000 -9.2% 21.3%
    FIRST COMMUNITY CREDIT UNION $21,810,000 $16,110,000 -26.1% 20.3%
    Gate City Bank $16,655,000 $9,095,000 -45.4% 11.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $940,000 $4,080,000 334.0% 5.2%
    Bank Forward $6,880,000 $4,045,000 -41.2% 5.1%
    Dacotah Bank $2,420,000 $3,705,000 53.1% 4.7%
    QUICKEN LOANS, LLC $8,415,000 $2,850,000 -66.1% 3.6%
    The Huntington National Bank $10,755,000 $2,845,000 -73.5% 3.6%
    Bell Bank $155,000 $2,775,000 1,690.3% 3.5%
    Bremer Bank $620,000 $1,935,000 212.1% 2.4%
    U.S. Bank $3,705,000 $1,615,000 -56.4% 2.0%
    Wells Fargo Bank $2,675,000 $1,605,000 -40.0% 2.0%
    Western State Bank $1,420,000 $1,300,000 -8.5% 1.6%
    American Federal Bank $1,005,000 n/a 1.3%
    First International Bank & Trust $1,490,000 $760,000 -49.0% 1.0%
    VALLEY MORTGAGE, INC. $325,000 $635,000 95.4% 0.8%
    Flagstar Bank, FSB $125,000 $545,000 336.0% 0.7%
    First Interstate Bank $510,000 n/a 0.6%
    PENNYMAC LOAN SERVICES, LLC $565,000 $475,000 -15.9% 0.6%
    First Western Bank & Trust $1,495,000 $345,000 -76.9% 0.4%
    HOME POINT FINANCIAL CORPORATION $1,005,000 $295,000 -70.6% 0.4%
    VUE COMMUNITY CREDIT UNION $295,000 n/a 0.4%
    First State Bank $285,000 n/a 0.4%
    JPMorgan Chase Bank $195,000 $275,000 41.0% 0.3%
    PLANET HOME LENDING, LLC $245,000 n/a 0.3%
    AmeriHome Mortgage Company, LLC $225,000 n/a 0.3%
    AMERISAVE MORTGAGE CORPORATION $965,000 $215,000 -77.7% 0.3%
    FREEDOM MORTGAGE CORPORATION $2,055,000 $210,000 -89.8% 0.3%
    LOANDEPOT.COM, LLC $1,085,000 $210,000 -80.6% 0.3%
    Choice Financial Group $340,000 $205,000 -39.7% 0.3%
    Dakota Community Bank & Trust $85,000 $205,000 141.2% 0.3%
    21ST MORTGAGE CORPORATION $80,000 $200,000 150.0% 0.3%
    AMERICAN FINANCING CORPORATION $195,000 n/a 0.2%
    First Savings Bank $545,000 $185,000 -66.1% 0.2%
    Hometown Credit Union $185,000 n/a 0.2%
    PNC Bank $185,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $175,000 n/a 0.2%
    UNITED WHOLESALE MORTGAGE, LLC $1,355,000 $165,000 -87.8% 0.2%
    Barrington Bank & Trust Company, N.A. $335,000 $155,000 -53.7% 0.2%
    CALIBER HOME LOANS, INC. $1,120,000 $155,000 -86.2% 0.2%
    GUARANTEED RATE, INC. $595,000 $155,000 -73.9% 0.2%
    Alerus Financial $145,000 n/a 0.2%
    BROKER SOLUTIONS, INC. $135,000 n/a 0.2%
    GUILD MORTGAGE COMPANY $135,000 n/a 0.2%
    Mortgage Research Center, LLC $1,075,000 $135,000 -87.4% 0.2%
    WINGS FINANCIAL $135,000 n/a 0.2%
    CRESCENT MORTGAGE COMPANY $165,000 $125,000 -24.2% 0.2%
    LONGBRIDGE FINANCIAL, LLC $125,000 n/a 0.2%
    M&T Bank $145,000 $125,000 -13.8% 0.2%
    NEWREZ LLC $470,000 $115,000 -75.5% 0.1%
    Pioneer Bank & Trust $115,000 n/a 0.1%
    BNC National Bank $500,000 $95,000 -81.0% 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $85,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $75,000 n/a 0.1%
    Deere Employees Credit Union $425,000 $55,000 -87.1% 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $35,000 n/a 0.0%
    Starion Bank $625,000 $35,000 -94.4% 0.0%
    Security First Bank of North Dakota $15,000 n/a 0.0%
    RAILWAY CREDIT UNION $5,000 n/a 0.0%

    Jamestown's top lender by overall market share is Unison Bank, with 21.3% market share. In second place, with 20.3%, is FIRST COMMUNITY CREDIT UNION, having originated $16,110,000 in loans. In third place, with 11.5%, is Gate City Bank, having originated $9,095,000 in loans. In fourth place, with 5.2%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $4,080,000 in loans. In fifth place, with 5.1%, is Bank Forward, having originated $4,045,000 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%) $229,441 (2.8%) 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 (-11.9%) 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%) $238,551 (15.6%) 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
    Jamestown's median listing price for 2023-02-01 was $164,225, a difference of $-46,275 (-22.0%) versus the prior year and $0 versus the prior month.

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

    Jamestown's average listing price for 2023-02-01 was $212,842, a difference of $-29,360 (-12.1%) versus the prior year and $3,577 versus the prior month.

    For the 2023-02-01 period, Jamestown had 31 MLS listings, a difference of -10 listings (-24%) versus the prior month and 6 listings (24%) 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
    Jamestown's median listing age (time on market) for 2023-02-01 was 0 days.

    Jamestown's median square footage for active listings during the 2023-02-01 period was 1,591 sqft. One year prior, the average listing was 1,800 sqft.

    Jamestown, ND Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 197 $45,925,000 $233,122
    Refi 91 $15,235,000 $167,418
    Cash Out Refi 89 $11,315,000 $127,135
    Home Improvement 41 $3,115,000 $75,976
    Other 16 $3,600,000 $225,000

    Jamestown's most frequently cited loan purpose was Home Purchase, with 197 originations. The 2nd most popular reason was Refi, with 91 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    4-5% 98 $16,540,000 $168,776
    3-4% 92 $16,650,000 $180,978
    5-6% 91 $17,505,000 $192,363
    2.5-3% 27 $4,985,000 $184,630
    6-7% 24 $3,140,000 $130,833
    7-8% 7 $755,000 $107,857
    <2.5% 5 $975,000 $195,000
    Over 8% 3 $75,000 $25,000

    During 2022, Jamestown's most frequently originated rate bucket was 4-5%, with 98 originations.

    Loan Sizing (Jamestown, ND MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 153 $8,345,000 $54,542
    $100k-200k 150 $22,450,000 $149,667
    $200k-400k 106 $28,560,000 $269,434
    $400k-600k 12 $5,670,000 $472,500
    $600k-1000k 7 $5,425,000 $775,000
    $Over $1MM 6 $8,740,000 $1,456,667

    Jamestown's loan sizing saw the bucket of loans from $100,000 or less with 153 originations, totaling $8,345,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 119 $24,275,000 $203,992
    60-80% 101 $21,925,000 $217,079
    20-40% 52 $5,000,000 $96,154
    Under 20% 37 $3,465,000 $93,649
    40-60% 35 $5,305,000 $151,571
    Over 100% 3 $655,000 $218,333

    Jamestown's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 119 originations, totaling $24,275,000 in origination value.