Kennett Mortgage Rates

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

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Kennett, MO.

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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Southern Bank 20 4.11% $1,268
QUICKEN LOANS, LLC 15 3.20% $4,328
First State Community Bank 4 3.13% $2,520
Citizens Bank 3 3.17% $3,079
DAS Acquisition Company, LLC 3 3.31% $3,185
Wells Fargo Bank 2 3.31% $1,473
COMPEER FINANCIAL, FLCA 2 3.94% $2,498
Flanagan State Bank 2 2.75% $5,949
NAVY FEDERAL CREDIT UNION 2 3.31% $1,400
Regions Bank 2 3.31% $1,974
FIRST COMMUNITY 1 4.00% $0
First National Bank 1 4.50% $1,477
Centennial Bank 1 3.25% $2,718
The Bank of Missouri 1 2.65% $1,241
FLAT BRANCH MORTGAGE, INC. 1 2.99% $2,510
Leaders Credit Union 1 3.50% $627
LOANDEPOT.COM, LLC 1 2.99% $1,580
MISSOURI ELECTRIC COOPERATIVES EMPL 1 3.63% $1,800
U.S. Bank 1 3.63% $2,126
PNC Bank 1 3.63% $2,754
BROKER SOLUTIONS, INC. 1 3.35% $2,962
AMERISAVE MORTGAGE CORPORATION 1 3.63% $4,194
ROYAL UNITED MORTGAGE LLC 1 4.75% $4,801
Bank of England 1 3.50% $3,612
CHURCHILL MORTGAGE CORPORATION 1 3.75% $2,388
ENCORE BANK 1 2.99% $2,298
Evolve Bank & Trust 1 3.13% $3,607

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. Louis
Date 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 for 2022-05-01 was $84,900, a difference of $5,400 (6.8%) versus the prior year and $1,900 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-05-01 was 0 days.

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.