Kennett Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Kennett averaged 7.43% 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 7.46% and one month ago for the week of 2023-02-09, the average rate was 6.65%.

    Kennett's average rate one year ago was 3.86%.

    For refis of the same type during the week of 2023-03-16, the average rate was 7.66%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Kennett 30 Year Fixed Rate 2023-03-16 7.43%
    Kennett 30 Year Fixed Rate Refi 2023-03-16 7.66%
    Kennett 15 Year Fixed Rate 2023-03-16 7.67%
    Kennett 15 Year Fixed Rate Refi 2023-03-16 6.86%
    Kennett 30 Year FHA 2023-03-16 6.61%
    Kennett 30 Year FHA Refi 2023-03-16 6.08%
    Kennett 30 Year USDA 2023-03-16 6.81%
    Kennett 30 Year USDA Refi 2023-03-16 2.64%
    Kennett 30 Year VA 2023-03-16 6.5%
    Kennett 30 Year VA Refi 2023-03-16 6.09%
    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 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Southern Bank 15 6.17% $1,688
    QUICKEN LOANS, LLC 7 6.05% $5,915
    Flanagan State Bank 3 4.13% $5,997
    DAS Acquisition Company, LLC 3 4.58% $4,488
    Bank of America 2 5.00% $2,680
    ROYAL UNITED MORTGAGE LLC 2 6.13% $6,911
    First National Bank 2 4.73% $1,218
    U.S. Bank 2 4.06% $2,306
    HOMESITE MORTGAGE, LLC 1 5.63% $0
    Independent Bank 1 5.75% $2,317
    JLB CORPORATION 1 6.50% $3,837
    LOANDEPOT.COM, LLC 1 5.50% $6,752
    North American Savings Bank, F.S.B. 1 6.38% $595
    PLANET HOME LENDING, LLC 1 4.99% $6,329
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.63% $3,258
    SOUTHWEST STAGE FUNDING, LLC 1 4.88% $4,279
    The Bank of Missouri 1 5.98% $2,808
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $2,860
    Wells Fargo Bank 1 5.88% $5,152
    AMERISAVE MORTGAGE CORPORATION 1 3.50% $7,255
    Arvest Bank 1 3.00% $2,985
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 4.88% $6,627
    First State Community Bank 1 4.70% $1,420
    FLAT BRANCH MORTGAGE, INC. 1 4.13% $2,836
    FREEDOM MORTGAGE CORPORATION 1 4.75% $5,220
    HOMESIDE FINANCIAL, LLC 1 4.88% $2,799

    Kennett Average Closing Costs & Other Stats

    Kennett, MO's 26 lenders originated 276 loans during 2022. The total origination value was $29,680,000, with an average loan value of $107,536.

    Kennett's average closing costs are $4,021.

    The top Kennett lender as defined by loan originations is Southern Bank, with 15 loans originated. Their average total fees are $1,688, which is $4,227 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Kennett lenders (with over 10 loans originated) are Southern Bank ($1,688), .

    The lowest rate Kennett lenders (with over 10 loans originated) are Southern Bank (6.17%), .

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    DAS Acquisition Company, LLC $4,020,000 $4,900,000 21.9% 16.5%
    QUICKEN LOANS, LLC $6,385,000 $4,630,000 -27.5% 15.6%
    Southern Bank $4,540,000 $3,680,000 -18.9% 12.4%
    Flanagan State Bank $3,480,000 $2,960,000 -14.9% 10.0%
    First State Community Bank $2,990,000 $1,800,000 -39.8% 6.1%
    First Community Bank $85,000 $1,115,000 1,211.8% 3.8%
    Peoples Community Bank $715,000 $730,000 2.1% 2.5%
    Mortgage Research Center, LLC $1,500,000 $710,000 -52.7% 2.4%
    Unico Bank $1,680,000 $630,000 -62.5% 2.1%
    FREEDOM MORTGAGE CORPORATION $605,000 $575,000 -5.0% 1.9%
    PLANET HOME LENDING, LLC $555,000 n/a 1.9%
    U.S. Bank $515,000 $555,000 7.8% 1.9%
    First Midwest Bank of Poplar Bluff $140,000 $465,000 232.1% 1.6%
    FLAT BRANCH MORTGAGE, INC. $1,405,000 $345,000 -75.4% 1.2%
    ROYAL UNITED MORTGAGE LLC $55,000 $345,000 527.3% 1.2%
    HOMESIDE FINANCIAL, LLC $320,000 n/a 1.1%
    PENNYMAC LOAN SERVICES, LLC $475,000 $320,000 -32.6% 1.1%
    CALIBER HOME LOANS, INC. $65,000 $315,000 384.6% 1.1%
    First Midwest Bank of Dexter $90,000 $285,000 216.7% 1.0%
    SOUTHWEST STAGE FUNDING, LLC $250,000 n/a 0.8%
    The Bank of Missouri $160,000 $250,000 56.3% 0.8%
    First National Bank $1,730,000 $245,000 -85.8% 0.8%
    AMERISAVE MORTGAGE CORPORATION $125,000 $240,000 92.0% 0.8%
    LOANDEPOT.COM, LLC $630,000 $240,000 -61.9% 0.8%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $160,000 $200,000 25.0% 0.7%
    21ST MORTGAGE CORPORATION $175,000 $190,000 8.6% 0.6%
    NEW DAY FINANCIAL, LLC $185,000 n/a 0.6%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $175,000 n/a 0.6%
    Leaders Credit Union $75,000 $165,000 120.0% 0.6%
    JLB CORPORATION $155,000 $150,000 -3.2% 0.5%
    AMERICAN FINANCIAL RESOURCES, INC. $145,000 n/a 0.5%
    Citizens Bank $355,000 $135,000 -62.0% 0.5%
    CMG MORTGAGE, INC. $135,000 n/a 0.5%
    North American Savings Bank, F.S.B. $135,000 n/a 0.5%
    TOP FLITE FINANCIAL, INC. $135,000 n/a 0.5%
    Bank of England $75,000 $125,000 66.7% 0.4%
    BROKER SOLUTIONS, INC. $200,000 $125,000 -37.5% 0.4%
    Carrington Mortgage Services, LLC $225,000 $125,000 -44.4% 0.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $125,000 n/a 0.4%
    SUCCESS Federal Credit Union $485,000 $125,000 -74.2% 0.4%
    Bank of America $165,000 $110,000 -33.3% 0.4%
    HOMESITE MORTGAGE, LLC $105,000 n/a 0.4%
    Focus Bank $275,000 $85,000 -69.1% 0.3%
    JPMorgan Chase Bank $45,000 $85,000 88.9% 0.3%
    Wells Fargo Bank $190,000 $85,000 -55.3% 0.3%
    Magnolia Bank $75,000 n/a 0.3%
    Independent Bank $65,000 n/a 0.2%
    USAA Federal Savings Bank $65,000 n/a 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $170,000 $65,000 -61.8% 0.2%
    Arvest Bank $45,000 n/a 0.2%
    Community National Bank $35,000 n/a 0.1%
    Regions Bank $250,000 $25,000 -90.0% 0.1%

    Kennett's top lender by overall market share is DAS Acquisition Company, LLC, with 16.5% market share. In second place, with 15.6%, is QUICKEN LOANS, LLC, having originated $4,630,000 in loans. In third place, with 12.4%, is Southern Bank, having originated $3,680,000 in loans. In fourth place, with 10.0%, is Flanagan State Bank, having originated $2,960,000 in loans. In fifth place, with 6.1%, is First State Community Bank, having originated $1,800,000 in loans.

    Kennett Housing Market Trends (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 $76,225 (29.2%) $98,735 (83.3%) 0.00 18
    2018-02-01 $76,225 (27.7%) $111,248 (68.0%) 0.00 21
    2018-03-01 $78,000 (31.9%) $114,265 (78.6%) 0.00 18
    2018-04-01 $71,475 (23.2%) $105,897 (64.8%) 0.00 18
    2018-05-01 $69,125 (19.4%) $101,588 (44.3%) 0.00 22
    2018-06-01 $69,500 (24.7%) $94,465 (9.9%) 0.00 20
    2018-07-01 $69,600 (20.0%) $81,768 (-11.5%) 0.00 18
    2018-08-01 $73,725 (-4.2%) $79,701 (-21.7%) 0.00 17
    2018-09-01 $89,200 (-0.8%) $80,310 (-27.3%) 0.00 18
    2018-10-01 $98,750 (30.9%) $82,914 (-21.5%) 0.00 17
    2018-11-01 $98,500 (51.5%) $80,245 (-13.4%) 0.00 15
    2018-12-01 $99,500 (63.1%) $88,164 (25.6%) 0.00 13
    2019-01-01 $84,550 (10.9%) $76,877 (-22.1%) 0.00 15
    2019-02-01 $79,900 (4.8%) $74,487 (-33.0%) 0.00 15
    2019-03-01 $70,257 (-9.9%) $71,748 (-37.2%) 0.00 18
    2019-04-01 $67,400 (-5.7%) $71,016 (-32.9%) 0.00 21
    2019-05-01 $70,975 (2.7%) $73,761 (-27.4%) 0.00 24
    2019-06-01 $74,500 (7.2%) $96,743 (2.4%) 0.00 37
    2019-07-01 $79,300 (13.9%) $109,577 (34.0%) 0.00 39
    2019-08-01 $79,936 (8.4%) $110,422 (38.5%) 0.00 62
    2019-09-01 $85,541 (-4.1%) $116,481 (45.0%) 0.00 94
    2019-10-01 $89,900 (-9.0%) $120,905 (45.8%) 0.00 115
    2019-11-01 $86,000 (-12.7%) $118,225 (47.3%) 0.00 113
    2019-12-01 $85,725 (-13.8%) $118,449 (34.4%) 0.00 111
    2020-01-01 $85,175 (0.7%) $116,884 (52.0%) 0.00 105
    2020-02-01 $80,000 (0.1%) $117,549 (57.8%) 0.00 98
    2020-03-01 $79,950 (13.8%) $111,759 (55.8%) 0.00 101
    2020-04-01 $79,350 (17.7%) $106,922 (50.6%) 0.00 94
    2020-05-01 $79,950 (12.7%) $108,257 (46.8%) 0.00 86
    2020-06-01 $83,000 (11.4%) $112,118 (15.9%) 0.00 78
    2020-07-01 $82,000 (3.4%) $111,173 (1.5%) 0.00 87
    2020-08-01 $79,900 (-0.1%) $104,843 (-5.1%) 0.00 87
    2020-09-01 $79,400 (-7.2%) $105,143 (-9.7%) 0.00 80
    2020-10-01 $82,450 (-8.3%) $105,478 (-12.8%) 0.00 81
    2020-11-01 $87,250 (1.5%) $107,633 (-9.0%) 0.00 76
    2020-12-01 $97,375 (13.6%) $114,047 (-3.7%) 0.00 73
    2021-01-01 $89,450 (5.0%) $109,891 (-6.0%) 0.00 78
    2021-02-01 $79,600 (-0.5%) $101,388 (-13.8%) 0.00 79
    2021-03-01 $78,575 (-1.7%) $103,689 (-7.2%) 0.00 73
    2021-04-01 $76,500 (-3.6%) $102,579 (-4.1%) 0.00 79
    2021-05-01 $78,450 (-1.9%) $101,430 (-6.3%) 0.00 79
    2021-06-01 $80,950 (-2.5%) $105,149 (-6.2%) 0.00 83
    2021-07-01 $77,000 (-6.1%) $97,575 (-12.2%) 0.00 82
    2021-08-01 $79,900 (0.0%) $99,428 (-5.2%) 0.00 87
    2021-09-01 $79,900 (0.6%) $100,334 (-4.6%) 0.00 83
    2021-10-01 $89,900 (9.0%) $111,651 (5.9%) 0.00 74
    2021-11-01 $89,950 (3.1%) $115,599 (7.4%) 0.00 71
    2021-12-01 $87,425 (-10.2%) $112,061 (-1.7%) 0.00 66
    2022-01-01 $87,400 (-2.3%) $109,423 (-0.4%) 0.00 61
    2022-02-01 $81,375 (2.2%) $109,660 (8.2%) 0.00 57
    2022-03-01 $97,400 (24.0%) $122,006 (17.7%) 0.00 53
    2022-04-01 $79,950 (4.5%) $116,218 (13.3%) 0.00 62
    2022-05-01 $80,000 (2.0%) $114,960 (13.3%) 0.00 65
    2022-06-01 $82,450 (1.9%) $118,152 (12.4%) 0.00 56
    2022-07-01 $89,900 (16.8%) $119,838 (22.8%) 0.00 57
    2022-08-01 $89,013 (11.4%) $118,640 (19.3%) 0.00 61
    2022-09-01 $110,000 (37.7%) $124,147 (23.7%) 0.00 61
    2022-10-01 $102,250 (13.7%) $118,614 (6.2%) 0.00 74
    2022-11-01 $103,750 (15.3%) $115,130 (-0.4%) 0.00 103
    2022-12-01 $96,250 (10.1%) $112,488 (0.4%) 0.00 95
    2023-01-01 $96,750 (10.7%) $113,430 (3.7%) 0.00 76
    2023-02-01 $101,075 (24.2%) $114,176 (4.1%) 0.00 64
    Kennett's median listing price for 2023-02-01 was $101,075, a difference of $19,700 (24.2%) versus the prior year and $4,325 versus the prior month.

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

    Kennett's average listing price for 2023-02-01 was $114,176, a difference of $4,516 (4.1%) versus the prior year and $746 versus the prior month.

    For the 2023-02-01 period, Kennett had 64 MLS listings, a difference of -12 listings (-16%) versus the prior month and 7 listings (12%) 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 1,908 sqft
    2018-02-01 0 days 1,979 sqft
    2018-03-01 0 days 1,836 sqft
    2018-04-01 0 days 1,819 sqft
    2018-05-01 0 days 1,687 sqft
    2018-06-01 0 days 1,687 sqft
    2018-07-01 0 days 1,836 sqft
    2018-08-01 0 days 1,714 sqft
    2018-09-01 0 days 1,572 sqft
    2018-10-01 0 days 1,721 sqft
    2018-11-01 0 days 1,870 sqft
    2018-12-01 0 days 1,853 sqft
    2019-01-01 0 days 1,770 sqft
    2019-02-01 0 days 1,704 sqft
    2019-03-01 0 days 1,509 sqft
    2019-04-01 0 days 1,454 sqft
    2019-05-01 0 days 1,463 sqft
    2019-06-01 0 days 1,523 sqft
    2019-07-01 0 days 1,859 sqft
    2019-08-01 0 days 1,815 sqft
    2019-09-01 0 days 1,830 sqft
    2019-10-01 0 days 1,845 sqft
    2019-11-01 0 days 1,834 sqft
    2019-12-01 0 days 1,838 sqft
    2020-01-01 0 days 1,809 sqft
    2020-02-01 0 days 1,766 sqft
    2020-03-01 0 days 1,699 sqft
    2020-04-01 0 days 1,592 sqft
    2020-05-01 0 days 1,592 sqft
    2020-06-01 0 days 1,578 sqft
    2020-07-01 0 days 1,521 sqft
    2020-08-01 0 days 1,509 sqft
    2020-09-01 0 days 1,530 sqft
    2020-10-01 0 days 1,548 sqft
    2020-11-01 0 days 1,562 sqft
    2020-12-01 0 days 1,596 sqft
    2021-01-01 0 days 1,583 sqft
    2021-02-01 0 days 1,561 sqft
    2021-03-01 0 days 1,545 sqft
    2021-04-01 0 days 1,542 sqft
    2021-05-01 0 days 1,540 sqft
    2021-06-01 0 days 1,512 sqft
    2021-07-01 0 days 1,487 sqft
    2021-08-01 0 days 1,507 sqft
    2021-09-01 0 days 1,500 sqft
    2021-10-01 0 days 1,520 sqft
    2021-11-01 0 days 1,530 sqft
    2021-12-01 0 days 1,498 sqft
    2022-01-01 0 days 1,470 sqft
    2022-02-01 0 days 1,321 sqft
    2022-03-01 0 days 1,389 sqft
    2022-04-01 0 days 1,409 sqft
    2022-05-01 0 days 1,391 sqft
    2022-06-01 0 days 1,441 sqft
    2022-07-01 0 days 1,473 sqft
    2022-08-01 0 days 1,441 sqft
    2022-09-01 0 days 1,486 sqft
    2022-10-01 0 days 1,396 sqft
    2022-11-01 0 days 1,455 sqft
    2022-12-01 0 days 1,396 sqft
    2023-01-01 0 days 1,444 sqft
    2023-02-01 0 days 1,532 sqft
    Kennett's median listing age (time on market) for 2023-02-01 was 0 days.

    Kennett's median square footage for active listings during the 2023-02-01 period was 1,532 sqft. One year prior, the average listing was 1,321 sqft.

    Kennett, MO Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 161 $18,615,000 $115,621
    Refi 44 $4,600,000 $104,545
    Cash Out Refi 37 $4,875,000 $131,757
    Home Improvement 26 $1,080,000 $41,538
    Other 8 $510,000 $63,750

    Kennett's most frequently cited loan purpose was Home Purchase, with 161 originations. The 2nd most popular reason was Refi, with 44 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 74 $8,320,000 $112,432
    4-5% 64 $7,350,000 $114,844
    3-4% 43 $4,995,000 $116,163
    6-7% 41 $3,925,000 $95,732
    7-8% 11 $1,175,000 $106,818
    2.5-3% 11 $1,055,000 $95,909
    Over 8% 5 $365,000 $73,000
    <2.5% 3 $265,000 $88,333

    During 2022, Kennett's most frequently originated rate bucket was 5-6%, with 74 originations.

    Loan Sizing (Kennett, MO MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 152 $9,420,000 $61,974
    $100k-200k 106 $14,530,000 $137,075
    $200k-400k 16 $4,110,000 $256,875
    $400k-600k 1 $505,000 $505,000
    $Over $1MM 1 $1,115,000 $1,115,000

    Kennett's loan sizing saw the bucket of loans from $100,000 or less with 152 originations, totaling $9,420,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 145 $16,915,000 $116,655
    60-80% 54 $7,470,000 $138,333
    40-60% 28 $2,020,000 $72,143
    20-40% 14 $580,000 $41,429
    Under 20% 9 $155,000 $17,222
    Over 100% 1 $205,000 $205,000

    Kennett's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 145 originations, totaling $16,915,000 in origination value.