Kennett Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Kennett averaged
6.57%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.77% and
one month ago for the week of 2025-05-29, the
average rate was 7.09%.
Kennett's average rate one year ago was 6.96%.
For refis of the same type during the week of 2025-07-03, the average rate
was 7.07%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Kennett 30 Year Fixed Rate | 2025-07-03 | 6.57% |
| Kennett 30 Year Fixed Rate Refi | 2025-07-03 | 7.07% |
| Kennett 15 Year Fixed Rate | 2025-07-03 | 5.6% |
| Kennett 15 Year Fixed Rate Refi | 2025-07-03 | 5.8% |
| Kennett 30 Year FHA | 2025-07-03 | 0% |
| Kennett 30 Year FHA Refi | 2025-07-03 | -0.2% |
| Kennett 30 Year USDA | 2025-07-03 | -0.1% |
| Kennett 30 Year USDA Refi | 2025-07-03 | 0% |
| Kennett 30 Year VA | 2025-07-03 | -0.2% |
| Kennett 30 Year VA Refi | 2025-07-03 | 0.1% |
Kennett 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 Kennett, MO 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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| QUICKEN LOANS, LLC | 10 | 7.00% | $5,270 |
| Southern Bank | 8 | 7.47% | $1,858 |
| DAS Acquisition Company, LLC | 5 | 6.72% | $5,822 |
| U.S. Bank | 3 | 7.00% | $2,836 |
| Flanagan State Bank | 2 | 7.13% | $5,484 |
| FLAT BRANCH MORTGAGE, INC. | 2 | 6.56% | $2,603 |
| Flagstar Bank, FSB | 1 | 7.13% | $2,364 |
| FREEDOM MORTGAGE CORPORATION | 1 | 7.75% | $6,340 |
| Gateway First Bank | 1 | 6.88% | $2,952 |
| Leaders Credit Union | 1 | 7.88% | $0 |
| Old National Bank | 1 | 7.25% | $3,070 |
| Servion, Inc. | 1 | 7.13% | $4,331 |
| Simmons Bank | 1 | 6.75% | $2,742 |
| Wells Fargo Bank | 1 | 6.13% | $3,627 |
| Discover Bank | 1 | 6.58% | $0 |
| Farm Credit Mid-America, ACA | 1 | 7.38% | $8,834 |
| First Community Bank | 1 | 6.50% | $3,679 |
| First National Bank of America | 1 | 10.88% | $7,970 |
| First State Community Bank | 1 | 6.25% | $2,326 |
Kennett Average Closing Costs & Other Stats
Kennett, MO's 19 lenders originated 229
loans during 2024. The total origination value was $27,505,000, with an average loan value of
$120,109.
Kennett's average closing costs are $4,482.
The top Kennett lender as defined by loan originations is QUICKEN LOANS, LLC, with
10 loans originated. Their average total fees are
$5,270, which is $3,411
higher than the next largest lender,
Southern Bank.
The lowest fee Kennett lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($5,270), .
The lowest rate Kennett lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (7.00%), .
Kennett, MO 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| DAS Acquisition Company, LLC | $6,680,000 | $8,200,000 | 22.8% | 29.8% |
| QUICKEN LOANS, LLC | $2,495,000 | $2,505,000 | 0.4% | 9.1% |
| Southern Bank | $2,285,000 | $2,465,000 | 7.9% | 9.0% |
| Unico Bank | $1,100,000 | $1,635,000 | 48.6% | 5.9% |
| Flanagan State Bank | $1,635,000 | $1,470,000 | -10.1% | 5.3% |
| Mortgage Research Center, LLC | $1,360,000 | n/a | 4.9% | |
| First State Community Bank | $6,910,000 | $780,000 | -88.7% | 2.8% |
| PENNYMAC LOAN SERVICES, LLC | $230,000 | $760,000 | 230.4% | 2.8% |
| FREEDOM MORTGAGE CORPORATION | $725,000 | n/a | 2.6% | |
| Farm Credit Mid-America, ACA | $485,000 | n/a | 1.8% | |
| FLAT BRANCH MORTGAGE, INC. | $775,000 | $350,000 | -54.8% | 1.3% |
| Gateway First Bank | $350,000 | n/a | 1.3% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $295,000 | n/a | 1.1% | |
| LOANDEPOT.COM, LLC | $290,000 | n/a | 1.1% | |
| Sterling Bank | $585,000 | $285,000 | -51.3% | 1.0% |
| 21ST MORTGAGE CORPORATION | $280,000 | n/a | 1.0% | |
| Simmons Bank | $280,000 | n/a | 1.0% | |
| U.S. Bank | $95,000 | $280,000 | 194.7% | 1.0% |
| MOVEMENT MORTGAGE, LLC | $265,000 | n/a | 1.0% | |
| NEW DAY FINANCIAL, LLC | $260,000 | n/a | 0.9% | |
| Focus Bank | $70,000 | $240,000 | 242.9% | 0.9% |
| First Midwest Bank of Poplar Bluff | $150,000 | $210,000 | 40.0% | 0.8% |
| BROKER SOLUTIONS, INC. | $245,000 | $195,000 | -20.4% | 0.7% |
| EVERETT FINANCIAL, INC. | $630,000 | $190,000 | -69.8% | 0.7% |
| FNBC Bank | $175,000 | n/a | 0.6% | |
| Regions Bank | $100,000 | $175,000 | 75.0% | 0.6% |
| USAA Federal Savings Bank | $175,000 | n/a | 0.6% | |
| CARDINAL FINANCIAL | $185,000 | $170,000 | -8.1% | 0.6% |
| First National Bank of America | $165,000 | n/a | 0.6% | |
| First Financial Bank | $860,000 | $155,000 | -82.0% | 0.6% |
| GERSHMAN INVESTMENT CORP. | $150,000 | n/a | 0.5% | |
| AMERISAVE MORTGAGE CORPORATION | $285,000 | $145,000 | -49.1% | 0.5% |
| Leaders Credit Union | $145,000 | n/a | 0.5% | |
| Servion, Inc. | $125,000 | n/a | 0.5% | |
| Paramount Residential Mortgage Group, Inc. | $115,000 | n/a | 0.4% | |
| CONSERVATION EMP. CREDIT UNION | $105,000 | n/a | 0.4% | |
| First Midwest Bank of Dexter | $155,000 | $105,000 | -32.3% | 0.4% |
| First Community Bank | $335,000 | $95,000 | -71.6% | 0.3% |
| Peoples Community Bank | $75,000 | $95,000 | 26.7% | 0.3% |
| First National Bank | $85,000 | $85,000 | 0.0% | 0.3% |
| GUILD MORTGAGE COMPANY | $85,000 | n/a | 0.3% | |
| Members Mortgage Services, L.L.C. | $85,000 | n/a | 0.3% | |
| TRIAD FINANCIAL SERVICES, INC. | $85,000 | n/a | 0.3% | |
| Wells Fargo Bank | $230,000 | $85,000 | -63.0% | 0.3% |
| Century Credit Union | $75,000 | n/a | 0.3% | |
| Discover Bank | $75,000 | n/a | 0.3% | |
| BancorpSouth | $145,000 | $65,000 | -55.2% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $55,000 | $65,000 | 18.2% | 0.2% |
| Flagstar Bank, FSB | $55,000 | n/a | 0.2% | |
| EVANSVILLE TEACHERS | $45,000 | n/a | 0.2% | |
| SUCCESS Federal Credit Union | $45,000 | n/a | 0.2% | |
| Old National Bank | $35,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $35,000 | n/a | 0.1% | |
| Deere Employees Credit Union | $35,000 | $25,000 | -28.6% | 0.1% |
| The Bank of Missouri | $85,000 | $15,000 | -82.4% | 0.1% |
Kennett's top lender by overall market share is DAS Acquisition Company, LLC, with 29.8% market share. In second place, with 9.1%, is QUICKEN LOANS, LLC, having originated $2,505,000 in loans. In third place, with 9.0%, is Southern Bank, having originated $2,465,000 in loans. In fourth place, with 5.9%, is Unico Bank, having originated $1,635,000 in loans. In fifth place, with 5.3%, is Flanagan State Bank, having originated $1,470,000 in loans.
Kennett, MO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 168 | $20,810,000 | $123,869 |
| Cash Out Refi | 22 | $2,410,000 | $109,545 |
| Refi | 20 | $3,410,000 | $170,500 |
| Home Improvement | 11 | $485,000 | $44,091 |
| Other | 8 | $390,000 | $48,750 |
Kennett's most frequently cited loan purpose was Home Purchase, with 168 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 94 | $11,740,000 | $124,894 |
| 7-8% | 61 | $7,235,000 | $118,607 |
| Over 8% | 31 | $2,645,000 | $85,323 |
| 5-6% | 20 | $2,940,000 | $147,000 |
| <2.5% | 3 | $15,000 | $5,000 |
| 4-5% | 1 | $95,000 | $95,000 |
During 2024, Kennett's most frequently originated rate bucket was 6-7%, with 94 originations.
Loan Sizing (Kennett, MO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 104 | $14,120,000 | $135,769 |
| $100,000 or less | 103 | $6,545,000 | $63,544 |
| $200k-400k | 19 | $4,745,000 | $249,737 |
| $400k-600k | 2 | $890,000 | $445,000 |
| $Over $1MM | 1 | $1,205,000 | $1,205,000 |
Kennett's loan sizing saw the bucket of loans from $100k-200k with 104 originations, totaling $14,120,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 144 | $19,330,000 | $134,236 |
| 60-80% | 28 | $2,560,000 | $91,429 |
| 40-60% | 12 | $1,140,000 | $95,000 |
| Under 20% | 11 | $185,000 | $16,818 |
| 20-40% | 10 | $630,000 | $63,000 |
| Over 100% | 1 | $255,000 | $255,000 |
Kennett's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 144 originations, totaling $19,330,000 in origination value.