Jamestown Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Jamestown averaged 6.86% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

The average rate for the prior week (2023-09-14) was 6.95% and one month ago for the week of 2023-08-17, the average rate was 6.76%.

Jamestown's average rate one year ago was 5.59%.

For refis of the same type during the week of 2023-09-21, the average rate was 7.49%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-21 7.19%
Jamestown 30 Year Fixed Rate 2023-09-21 6.86%
Jamestown 30 Year Fixed Rate Refi 2023-09-21 7.49%
Jamestown 15 Year Fixed Rate 2023-09-21 6.44%
Jamestown 15 Year Fixed Rate Refi 2023-09-21 6.74%
Jamestown 30 Year FHA 2023-09-21 6.94%
Jamestown 30 Year FHA Refi 2023-09-21 7.04%
Jamestown 30 Year USDA 2023-09-21 6.82%
Jamestown 30 Year USDA Refi 2023-09-21 7.12%
Jamestown 30 Year VA 2023-09-21 7.02%
Jamestown 30 Year VA Refi 2023-09-21 6.62%
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%) $229,172 (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
Jamestown's median listing price for 2023-08-01 was $229,700, a difference of $34,750 (17.8%) versus the prior year and $13,750 versus the prior month.

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

Jamestown's average listing price for 2023-08-01 was $292,556, a difference of $43,860 (17.6%) versus the prior year and $24,926 versus the prior month.

For the 2023-08-01 period, Jamestown had 56 MLS listings, a difference of 6 listings (12%) versus the prior month and 1 listings (2%) 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
Jamestown's median listing age (time on market) for 2023-08-01 was 0 days.

Jamestown's median square footage for active listings during the 2023-08-01 period was 2,190 sqft. One year prior, the average listing was 1,670 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.