Kennett Mortgage Rates
30 Year Fixed Rate mortgages in Kennett averaged
6.42%
for the week of 2022-06-23, compared to the national average of
5.81% for the same period.
The average rate for the prior week (2022-06-16) was
6.19% and
one month ago for the week of 2022-05-19, the
average rate was 6.06%.
Kennett's average rate one year ago was 3.56%.
For refis of the same type during the week of 2022-06-23, the average rate
was 6.41%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-23 | 5.81% |
Kennett 30 Year Fixed Rate | 2022-06-23 | 6.42% |
Kennett 30 Year Fixed Rate Refi | 2022-06-23 | 6.41% |
Kennett 15 Year Fixed Rate | 2022-06-23 | 7.32% |
Kennett 15 Year Fixed Rate Refi | 2022-06-23 | 4.98% |
Kennett 30 Year FHA | 2022-06-23 | 0.19% |
Kennett 30 Year FHA Refi | 2022-06-23 | 0.65% |
Kennett 30 Year USDA | 2022-06-23 | 0% |
Kennett 30 Year USDA Refi | 2022-06-23 | -0.16% |
Kennett 30 Year VA | 2022-06-23 | 0.74% |
Kennett 30 Year VA Refi | 2022-06-23 | 0.1% |
Kennett Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, 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.).
Kennett, MO's 27 lenders originated 352
loans during 2021. The total origination value was $38,650,000, with an average loan value of
$109,801.
The top Kennett lender as defined by loan originations is Southern Bank, with
20 loans originated. Their average total fees are
$1,268, which is $3,060
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Kennett lenders (with over 10 loans originated) are
Southern Bank ($1,268), QUICKEN LOANS, LLC ($4,328), .
The lowest rate Kennett lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (3.20%), Southern Bank (4.11%), .
Kennett, MO Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
QUICKEN LOANS, LLC | $5,170,000 | $6,385,000 | 23.5% | 16.5% |
Southern Bank | $5,165,000 | $4,540,000 | -12.1% | 11.7% |
DAS Acquisition Company, LLC | $1,860,000 | $4,020,000 | 116.1% | 10.4% |
Flanagan State Bank | $1,745,000 | $3,480,000 | 99.4% | 9.0% |
First State Community Bank | $5,290,000 | $2,990,000 | -43.5% | 7.7% |
First National Bank | $25,000 | $1,730,000 | 6,820.0% | 4.5% |
Unico Bank | $1,695,000 | $1,680,000 | -0.9% | 4.3% |
Mortgage Research Center, LLC | $860,000 | $1,500,000 | 74.4% | 3.9% |
FLAT BRANCH MORTGAGE, INC. | $665,000 | $1,405,000 | 111.3% | 3.6% |
Peoples Community Bank | $300,000 | $715,000 | 138.3% | 1.8% |
LOANDEPOT.COM, LLC | $590,000 | $630,000 | 6.8% | 1.6% |
FREEDOM MORTGAGE CORPORATION | $645,000 | $605,000 | -6.2% | 1.6% |
VILLAGE CAPITAL & INVESTMENT LLC | $495,000 | $560,000 | 13.1% | 1.4% |
U.S. Bank | $345,000 | $515,000 | 49.3% | 1.3% |
SUCCESS Federal Credit Union | $485,000 | n/a | 1.3% | |
PENNYMAC LOAN SERVICES, LLC | $250,000 | $475,000 | 90.0% | 1.2% |
Citizens Bank | $355,000 | n/a | 0.9% | |
COMPEER FINANCIAL, FLCA | $105,000 | $320,000 | 204.8% | 0.8% |
Alliance Bank | $205,000 | $315,000 | 53.7% | 0.8% |
Deere Employees Credit Union | $310,000 | n/a | 0.8% | |
Centennial Bank | $295,000 | n/a | 0.8% | |
Focus Bank | $150,000 | $275,000 | 83.3% | 0.7% |
MISSOURI ELECTRIC COOPERATIVES EMPL | $925,000 | $275,000 | -70.3% | 0.7% |
CHURCHILL MORTGAGE CORPORATION | $110,000 | $250,000 | 127.3% | 0.6% |
Regions Bank | $660,000 | $250,000 | -62.1% | 0.6% |
Carrington Mortgage Services, LLC | $180,000 | $225,000 | 25.0% | 0.6% |
NAVY FEDERAL CREDIT UNION | $220,000 | n/a | 0.6% | |
First Federal Bank | $215,000 | n/a | 0.6% | |
BROKER SOLUTIONS, INC. | $230,000 | $200,000 | -13.0% | 0.5% |
Wells Fargo Bank | $55,000 | $190,000 | 245.5% | 0.5% |
21ST MORTGAGE CORPORATION | $55,000 | $175,000 | 218.2% | 0.5% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $170,000 | n/a | 0.4% | |
Bank of America | $55,000 | $165,000 | 200.0% | 0.4% |
ENCORE BANK | $245,000 | $165,000 | -32.7% | 0.4% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $160,000 | n/a | 0.4% | |
The Bank of Missouri | $165,000 | $160,000 | -3.0% | 0.4% |
JLB CORPORATION | $195,000 | $155,000 | -20.5% | 0.4% |
Montgomery Bank | $235,000 | $155,000 | -34.0% | 0.4% |
Barrington Bank & Trust Company, N.A. | $265,000 | $145,000 | -45.3% | 0.4% |
BAYSHORE MORTGAGE FUNDING, LLC | $145,000 | n/a | 0.4% | |
First Midwest Bank of Poplar Bluff | $140,000 | n/a | 0.4% | |
AMERISAVE MORTGAGE CORPORATION | $165,000 | $125,000 | -24.2% | 0.3% |
Evolve Bank & Trust | $125,000 | n/a | 0.3% | |
EVERETT FINANCIAL, INC. | $210,000 | $115,000 | -45.2% | 0.3% |
LAKEVIEW LOAN SERVICING, LLC | $105,000 | n/a | 0.3% | |
Enterprise Bank & Trust | $95,000 | n/a | 0.2% | |
FIRST COMMUNITY | $95,000 | n/a | 0.2% | |
First Midwest Bank of Dexter | $145,000 | $90,000 | -37.9% | 0.2% |
First Community Bank | $85,000 | n/a | 0.2% | |
Mr. Cooper ( Nationstar Mortgage ) | $215,000 | $85,000 | -60.5% | 0.2% |
Bank of England | $75,000 | n/a | 0.2% | |
FIRST COMMUNITY MORTGAGE, INC. | $75,000 | n/a | 0.2% | |
First Guaranty Mortgage Corporation | $75,000 | n/a | 0.2% | |
Leaders Credit Union | $75,000 | n/a | 0.2% | |
CALIBER HOME LOANS, INC. | $65,000 | n/a | 0.2% | |
PNC Bank | $65,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $200,000 | $55,000 | -72.5% | 0.1% |
UNITED WHOLESALE MORTGAGE, LLC | $65,000 | $55,000 | -15.4% | 0.1% |
JPMorgan Chase Bank | $45,000 | n/a | 0.1% |
Kennett's top lender by overall market share is QUICKEN LOANS, LLC, with 16.5% market share. In second place, with 11.7%, is Southern Bank, having originated $4,540,000 in loans. In third place, with 10.4%, is DAS Acquisition Company, LLC, having originated $4,020,000 in loans. In third place, with 9.0%, is Flanagan State Bank, having originated $3,480,000 in loans. In third place, with 7.7%, is First State Community Bank, having originated $2,990,000 in loans.
Kennett, MO Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 203 | $24,125,000 | $118,842 |
Refi | 92 | $9,770,000 | $106,196 |
Cash Out Refi | 38 | $3,880,000 | $102,105 |
Home Improvement | 15 | $545,000 | $36,333 |
Other | 4 | $330,000 | $82,500 |
Kennett's most frequently cited loan purpose was Home Purchase, with 203 originations. The 2nd most popular reason was Refi, with 92 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 142 | $13,990,000 | $98,521 |
2.5-3% | 100 | $11,290,000 | $112,900 |
4-5% | 43 | $5,105,000 | $118,721 |
<2.5% | 29 | $4,145,000 | $142,931 |
5-6% | 5 | $265,000 | $53,000 |
Over 8% | 4 | $250,000 | $62,500 |
6-7% | 3 | $235,000 | $78,333 |
During 2021, Kennett's most frequently originated rate bucket was 3-4%, with 142 originations.
Loan Sizing (Kennett, MO MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 209 | $13,645,000 | $65,287 |
$100k-200k | 111 | $14,765,000 | $133,018 |
$200k-400k | 28 | $7,080,000 | $252,857 |
$400k-600k | 2 | $880,000 | $440,000 |
$600k-1000k | 1 | $855,000 | $855,000 |
$Over $1MM | 1 | $1,425,000 | $1,425,000 |
Kennett's loan sizing saw the bucket of loans from $100,000 or less with 209 originations, totaling $13,645,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 190 | $22,750,000 | $119,737 |
60-80% | 88 | $8,500,000 | $96,591 |
40-60% | 25 | $2,015,000 | $80,600 |
20-40% | 7 | $275,000 | $39,286 |
Over 100% | 4 | $690,000 | $172,500 |
Under 20% | 4 | $120,000 | $30,000 |
Kennett's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 190 originations, totaling $22,750,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Kennett (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $79,900 (33.4%) | $99,582 (37.4%) | 0.00 | 17 |
2018-02-01 | $79,900 (23.0%) | $115,603 (39.6%) | 0.00 | 20 |
2018-03-01 | $79,900 (34.3%) | $117,865 (53.1%) | 0.00 | 17 |
2018-04-01 | $72,200 (24.5%) | $105,897 (64.1%) | 0.00 | 17 |
2018-05-01 | $68,950 (18.9%) | $100,289 (42.5%) | 0.00 | 21 |
2018-06-01 | $69,500 (23.0%) | $94,465 (11.1%) | 0.00 | 20 |
2018-07-01 | $69,900 (20.5%) | $83,744 (-5.1%) | 0.00 | 17 |
2018-08-01 | $75,000 (-2.6%) | $82,868 (-18.6%) | 0.00 | 17 |
2018-09-01 | $99,500 (4.7%) | $84,635 (-24.6%) | 0.00 | 18 |
2018-10-01 | $99,500 (28.5%) | $87,593 (-19.9%) | 0.00 | 17 |
2018-11-01 | $99,500 (48.5%) | $89,219 (-5.3%) | 0.00 | 16 |
2018-12-01 | $104,500 (80.2%) | $100,547 (42.9%) | 0.00 | 15 |
2019-01-01 | $99,500 (24.5%) | $89,766 (-9.9%) | 0.00 | 17 |
2019-02-01 | $98,500 (23.3%) | $80,524 (-30.3%) | 0.00 | 17 |
2019-03-01 | $88,429 (10.7%) | $77,791 (-34.0%) | 0.00 | 21 |
2019-04-01 | $87,000 (20.5%) | $76,680 (-27.6%) | 0.00 | 25 |
2019-05-01 | $79,950 (16.0%) | $80,099 (-20.1%) | 0.00 | 26 |
2019-06-01 | $74,900 (7.8%) | $97,659 (3.4%) | 0.00 | 39 |
2019-07-01 | $82,400 (17.9%) | $109,671 (31.0%) | 0.00 | 39 |
2019-08-01 | $82,814 (10.4%) | $107,379 (29.6%) | 0.00 | 42 |
2019-09-01 | $94,400 (-5.1%) | $117,860 (39.3%) | 0.00 | 68 |
2019-10-01 | $93,700 (-5.8%) | $122,511 (39.9%) | 0.00 | 120 |
2019-11-01 | $86,000 (-13.6%) | $117,514 (31.7%) | 0.00 | 119 |
2019-12-01 | $85,450 (-18.2%) | $117,615 (17.0%) | 0.00 | 115 |
2020-01-01 | $84,450 (-15.1%) | $116,838 (30.2%) | 0.00 | 108 |
2020-02-01 | $80,000 (-18.8%) | $117,264 (45.6%) | 0.00 | 102 |
2020-03-01 | $79,900 (-9.6%) | $109,428 (40.7%) | 0.00 | 103 |
2020-04-01 | $76,950 (-11.6%) | $104,692 (36.5%) | 0.00 | 97 |
2020-05-01 | $78,900 (-1.3%) | $103,266 (28.9%) | 0.00 | 91 |
2020-06-01 | $81,000 (8.1%) | $109,927 (12.6%) | 0.00 | 79 |
2020-07-01 | $80,000 (-2.9%) | $108,271 (-1.3%) | 0.00 | 89 |
2020-08-01 | $79,900 (-3.5%) | $102,591 (-4.5%) | 0.00 | 89 |
2020-09-01 | $76,950 (-18.5%) | $104,022 (-11.7%) | 0.00 | 79 |
2020-10-01 | $79,900 (-14.7%) | $104,140 (-15.0%) | 0.00 | 81 |
2020-11-01 | $88,000 (2.3%) | $107,423 (-8.6%) | 0.00 | 76 |
2020-12-01 | $97,500 (14.1%) | $114,515 (-2.6%) | 0.00 | 72 |
2021-01-01 | $89,900 (6.5%) | $110,276 (-5.6%) | 0.00 | 76 |
2021-02-01 | $79,700 (-0.4%) | $101,619 (-13.3%) | 0.00 | 78 |
2021-03-01 | $79,200 (-0.9%) | $102,962 (-5.9%) | 0.00 | 73 |
2021-04-01 | $77,000 (0.1%) | $101,098 (-3.4%) | 0.00 | 80 |
2021-05-01 | $79,500 (0.8%) | $100,026 (-3.1%) | 0.00 | 81 |
2021-06-01 | $80,950 (-0.1%) | $104,784 (-4.7%) | 0.00 | 82 |
2021-07-01 | $78,250 (-2.2%) | $97,741 (-9.7%) | 0.00 | 83 |
2021-08-01 | $79,950 (0.1%) | $99,654 (-2.9%) | 0.00 | 85 |
2021-09-01 | $79,900 (3.8%) | $100,519 (-3.4%) | 0.00 | 81 |
2021-10-01 | $89,900 (12.5%) | $110,916 (6.5%) | 0.00 | 75 |
2021-11-01 | $89,950 (2.2%) | $115,435 (7.5%) | 0.00 | 71 |
2021-12-01 | $89,900 (-7.8%) | $112,313 (-1.9%) | 0.00 | 65 |
2022-01-01 | $89,900 (0.0%) | $109,970 (-0.3%) | 0.00 | 60 |
2022-02-01 | $83,000 (4.1%) | $109,913 (8.2%) | 0.00 | 56 |
2022-03-01 | $99,900 (26.1%) | $123,217 (19.7%) | 0.00 | 53 |
2022-04-01 | $83,000 (7.8%) | $118,103 (16.8%) | 0.00 | 63 |
2022-05-01 | $84,900 (6.8%) | $117,232 (17.2%) | 0.00 | 66 |
Kennett's median listing price comes in at 0% of the national average.
Kennett's average listing price for 2022-05-01 was $117,232, a difference of $17,206 (17.2%) versus the prior year and $-871 versus the prior month.
For the 2022-05-01 period, Kennett had 66 MLS listings, a difference of 3 listings (5%) versus the prior month and -15 listings (-19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Kennett (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,122 sqft |
2018-02-01 | 0 days | 2,209 sqft |
2018-03-01 | 0 days | 2,788 sqft |
2018-04-01 | 0 days | 2,209 sqft |
2018-05-01 | 0 days | 1,996 sqft |
2018-06-01 | 0 days | 1,855 sqft |
2018-07-01 | 0 days | 1,855 sqft |
2018-08-01 | 0 days | 1,870 sqft |
2018-09-01 | 0 days | 2,026 sqft |
2018-10-01 | 0 days | 1,920 sqft |
2018-11-01 | 0 days | 2,061 sqft |
2018-12-01 | 0 days | 2,061 sqft |
2019-01-01 | 0 days | 2,074 sqft |
2019-02-01 | 0 days | 2,061 sqft |
2019-03-01 | 0 days | 1,965 sqft |
2019-04-01 | 0 days | 1,852 sqft |
2019-05-01 | 0 days | 1,799 sqft |
2019-06-01 | 0 days | 1,762 sqft |
2019-07-01 | 0 days | 1,866 sqft |
2019-08-01 | 0 days | 1,865 sqft |
2019-09-01 | 0 days | 1,887 sqft |
2019-10-01 | 0 days | 1,862 sqft |
2019-11-01 | 0 days | 1,848 sqft |
2019-12-01 | 0 days | 1,834 sqft |
2020-01-01 | 0 days | 1,841 sqft |
2020-02-01 | 0 days | 1,800 sqft |
2020-03-01 | 0 days | 1,725 sqft |
2020-04-01 | 0 days | 1,592 sqft |
2020-05-01 | 0 days | 1,588 sqft |
2020-06-01 | 0 days | 1,557 sqft |
2020-07-01 | 0 days | 1,516 sqft |
2020-08-01 | 0 days | 1,425 sqft |
2020-09-01 | 0 days | 1,535 sqft |
2020-10-01 | 0 days | 1,574 sqft |
2020-11-01 | 0 days | 1,583 sqft |
2020-12-01 | 0 days | 1,596 sqft |
2021-01-01 | 0 days | 1,592 sqft |
2021-02-01 | 0 days | 1,574 sqft |
2021-03-01 | 0 days | 1,544 sqft |
2021-04-01 | 0 days | 1,540 sqft |
2021-05-01 | 0 days | 1,540 sqft |
2021-06-01 | 0 days | 1,485 sqft |
2021-07-01 | 0 days | 1,482 sqft |
2021-08-01 | 0 days | 1,494 sqft |
2021-09-01 | 0 days | 1,500 sqft |
2021-10-01 | 0 days | 1,495 sqft |
2021-11-01 | 0 days | 1,500 sqft |
2021-12-01 | 0 days | 1,495 sqft |
2022-01-01 | 0 days | 1,444 sqft |
2022-02-01 | 0 days | 1,310 sqft |
2022-03-01 | 0 days | 1,355 sqft |
2022-04-01 | 0 days | 1,336 sqft |
2022-05-01 | 0 days | 1,336 sqft |
Kennett's median square footage for active listings during the 2022-05-01 period was 1,336 sqft. One year prior, the average listing was 1,540 sqft.