Kennett Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Kennett averaged 6.98% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.79% and one month ago for the week of 2024-10-10, the average rate was 6.12%.

    Kennett's average rate one year ago was 7.7%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.28%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Kennett 30 Year Fixed Rate 2024-11-14 6.98%
    Kennett 30 Year Fixed Rate Refi 2024-11-14 7.28%
    Kennett 15 Year Fixed Rate 2024-11-14 5.99%
    Kennett 15 Year Fixed Rate Refi 2024-11-14 6.49%
    Kennett 30 Year FHA 2024-11-14 0.2%
    Kennett 30 Year FHA Refi 2024-11-14 0.3%
    Kennett 30 Year USDA 2024-11-14 -0.2%
    Kennett 30 Year USDA Refi 2024-11-14 0.2%
    Kennett 30 Year VA 2024-11-14 0.2%
    Kennett 30 Year VA Refi 2024-11-14 -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 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Southern Bank 9 7.70% $1,832
    QUICKEN LOANS, LLC 6 7.06% $5,570
    DAS Acquisition Company, LLC 5 6.35% $3,474
    The Central Trust Bank 2 7.13% $2,735
    First State Community Bank 1 7.38% $3,245
    FLAT BRANCH MORTGAGE, INC. 1 6.63% $3,271
    GENEVA FINANCIAL, LLC 1 6.50% $8,162
    NEWREZ LLC 1 6.63% $5,290
    PENNYMAC LOAN SERVICES, LLC 1 6.00% $5,422
    Regions Bank 1 7.50% $4,099
    The Federal Savings Bank 1 6.63% $4,523
    Allied First Bank,sb 1 6.50% $12,296
    Wells Fargo Bank 1 6.63% $5,804
    Ally Bank 1 5.63% $7,251
    Centennial Bank 1 7.38% $3,523
    First Financial Bank 1 6.88% $3,983

    Kennett Average Closing Costs & Other Stats

    Kennett, MO's 16 lenders originated 221 loans during 2023. The total origination value was $29,525,000, with an average loan value of $133,597.

    Kennett's average closing costs are $4,316.

    The top Kennett lender as defined by loan originations is Southern Bank, with 9 loans originated. Their average total fees are $1,832, which is $3,738 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Kennett lenders (with over 10 loans originated) are .

    The lowest rate Kennett lenders (with over 10 loans originated) are .

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    First State Community Bank $1,800,000 $6,910,000 283.9% 23.4%
    DAS Acquisition Company, LLC $4,900,000 $6,680,000 36.3% 22.6%
    QUICKEN LOANS, LLC $4,630,000 $2,495,000 -46.1% 8.5%
    Southern Bank $3,680,000 $2,285,000 -37.9% 7.7%
    Flanagan State Bank $2,960,000 $1,635,000 -44.8% 5.5%
    Unico Bank $630,000 $1,100,000 74.6% 3.7%
    First Financial Bank $860,000 n/a 2.9%
    FLAT BRANCH MORTGAGE, INC. $345,000 $775,000 124.6% 2.6%
    EVERETT FINANCIAL, INC. $630,000 n/a 2.1%
    Sterling Bank $585,000 n/a 2.0%
    First Community Bank $1,115,000 $335,000 -70.0% 1.1%
    GENEVA FINANCIAL, LLC $315,000 n/a 1.1%
    AMERISAVE MORTGAGE CORPORATION $240,000 $285,000 18.8% 1.0%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $265,000 n/a 0.9%
    BROKER SOLUTIONS, INC. $125,000 $245,000 96.0% 0.8%
    Allied First Bank,sb $235,000 n/a 0.8%
    PENNYMAC LOAN SERVICES, LLC $320,000 $230,000 -28.1% 0.8%
    Wells Fargo Bank $85,000 $230,000 170.6% 0.8%
    CARDINAL FINANCIAL $200,000 $185,000 -7.5% 0.6%
    UNITED WHOLESALE MORTGAGE, LLC $185,000 n/a 0.6%
    Mid-Continent Funding, Inc. $175,000 n/a 0.6%
    Ally Bank $165,000 n/a 0.6%
    NEWREZ LLC $160,000 n/a 0.5%
    The Central Trust Bank $160,000 n/a 0.5%
    First Midwest Bank of Dexter $285,000 $155,000 -45.6% 0.5%
    JPMorgan Chase Bank $85,000 $155,000 82.4% 0.5%
    First Midwest Bank of Poplar Bluff $465,000 $150,000 -67.7% 0.5%
    BancorpSouth $145,000 n/a 0.5%
    Signature Bank of Arkansas $145,000 n/a 0.5%
    SOUTHWEST STAGE FUNDING, LLC $250,000 $135,000 -46.0% 0.5%
    The Federal Savings Bank $115,000 n/a 0.4%
    VANDERBILT MORTGAGE AND FINANCE, INC. $65,000 $115,000 76.9% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $110,000 n/a 0.4%
    Regions Bank $25,000 $100,000 300.0% 0.3%
    Connexus Credit Union $95,000 n/a 0.3%
    Midwest Mortgage Associates Corporation $95,000 n/a 0.3%
    U.S. Bank $555,000 $95,000 -82.9% 0.3%
    First National Bank $245,000 $85,000 -65.3% 0.3%
    The Bank of Missouri $250,000 $85,000 -66.0% 0.3%
    Peoples Community Bank $730,000 $75,000 -89.7% 0.3%
    Focus Bank $85,000 $70,000 -17.6% 0.2%
    TOP FLITE FINANCIAL, INC. $135,000 $65,000 -51.9% 0.2%
    PNC Bank $55,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $345,000 $55,000 -84.1% 0.2%
    Centennial Bank $45,000 n/a 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $45,000 n/a 0.2%
    Deere Employees Credit Union $35,000 n/a 0.1%

    Kennett's top lender by overall market share is First State Community Bank, with 23.4% market share. In second place, with 22.6%, is DAS Acquisition Company, LLC, having originated $6,680,000 in loans. In third place, with 8.5%, is QUICKEN LOANS, LLC, having originated $2,495,000 in loans. In fourth place, with 7.7%, is Southern Bank, having originated $2,285,000 in loans. In fifth place, with 5.5%, is Flanagan State Bank, having originated $1,635,000 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 $89,900 (5.6%) $110,890 (-5.1%) 0.00 77
    2021-02-01 $79,700 (-0.4%) $102,298 (-13.0%) 0.00 78
    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 (-2.8%) $109,423 (-1.3%) 0.00 61
    2022-02-01 $81,375 (2.1%) $109,660 (7.2%) 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
    2023-03-01 $103,350 (6.1%) $118,302 (-3.0%) 0.00 57
    2023-04-01 $102,200 (27.8%) $119,265 (2.6%) 0.00 62
    2023-05-01 $120,000 (50.0%) $125,881 (9.5%) 0.00 65
    2023-06-01 $125,250 (51.9%) $140,129 (18.6%) 0.00 60
    2023-07-01 $115,750 (28.8%) $133,846 (11.7%) 0.00 62
    2023-08-01 $118,500 (33.1%) $142,914 (20.5%) 0.00 62
    2023-09-01 $112,500 (2.3%) $132,077 (6.4%) 0.00 67
    2023-10-01 $112,125 (9.7%) $126,704 (6.8%) 0.00 74
    2023-11-01 $114,250 (10.1%) $132,953 (15.5%) 0.00 86
    2023-12-01 $114,250 (18.7%) $129,205 (14.9%) 0.00 88
    2024-01-01 $119,750 (23.8%) $134,745 (18.8%) 0.00 81
    2024-02-01 $120,000 (18.7%) $134,178 (17.5%) 0.00 76
    2024-03-01 $113,500 (9.8%) $121,342 (2.6%) 0.00 71
    2024-04-01 $115,000 (12.5%) $127,040 (6.5%) 0.00 69
    2024-05-01 $99,900 (-16.8%) $130,077 (3.3%) 0.00 66
    2024-06-01 $110,000 (-12.2%) $155,103 (10.7%) 0.00 68
    2024-07-01 $114,975 (-0.7%) $154,503 (15.4%) 0.00 67
    2024-08-01 $99,900 (-15.7%) $145,014 (1.5%) 0.00 70
    2024-09-01 $112,500 (0.0%) $148,388 (12.4%) 0.00 85
    2024-10-01 $99,975 (-10.8%) $138,579 (9.4%) 0.00 101
    Kennett's median listing price for 2024-10-01 was $99,975, a difference of $-12,150 (-10.8%) versus the prior year and $-12,525 versus the prior month.

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

    Kennett's average listing price for 2024-10-01 was $138,579, a difference of $11,875 (9.4%) versus the prior year and $-9,809 versus the prior month.

    For the 2024-10-01 period, Kennett had 101 MLS listings, a difference of 16 listings (19%) versus the prior month and 27 listings (36%) 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 1,574 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
    2023-03-01 0 days 1,596 sqft
    2023-04-01 0 days 1,562 sqft
    2023-05-01 0 days 1,628 sqft
    2023-06-01 0 days 1,650 sqft
    2023-07-01 0 days 1,571 sqft
    2023-08-01 0 days 1,560 sqft
    2023-09-01 0 days 1,473 sqft
    2023-10-01 0 days 1,489 sqft
    2023-11-01 0 days 1,473 sqft
    2023-12-01 0 days 1,490 sqft
    2024-01-01 0 days 1,493 sqft
    2024-02-01 0 days 1,527 sqft
    2024-03-01 0 days 1,463 sqft
    2024-04-01 0 days 1,407 sqft
    2024-05-01 0 days 1,436 sqft
    2024-06-01 0 days 1,512 sqft
    2024-07-01 0 days 1,481 sqft
    2024-08-01 0 days 1,397 sqft
    2024-09-01 0 days 1,493 sqft
    2024-10-01 0 days 1,530 sqft
    Kennett's median listing age (time on market) for 2024-10-01 was 0 days.

    Kennett's median square footage for active listings during the 2024-10-01 period was 1,530 sqft. One year prior, the average listing was 1,489 sqft.

    Kennett, MO Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 147 $17,325,000 $117,857
    Refi 31 $7,605,000 $245,323
    Cash Out Refi 24 $2,650,000 $110,417
    Home Improvement 13 $1,605,000 $123,462
    Other 6 $340,000 $56,667

    Kennett's most frequently cited loan purpose was Home Purchase, with 147 originations. The 2nd most popular reason was Refi, with 31 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 90 $11,450,000 $127,222
    7-8% 58 $10,880,000 $187,586
    Over 8% 29 $2,135,000 $73,621
    5-6% 19 $2,325,000 $122,368
    <2.5% 2 $10,000 $5,000
    4-5% 2 $280,000 $140,000
    3-4% 1 $135,000 $135,000

    During 2023, Kennett's most frequently originated rate bucket was 6-7%, with 90 originations.

    Loan Sizing (Kennett, MO MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 125 $7,945,000 $63,560
    $100k-200k 76 $10,710,000 $140,921
    $200k-400k 17 $4,665,000 $274,412
    $400k-600k 1 $405,000 $405,000
    $600k-1000k 1 $935,000 $935,000
    $Over $1MM 1 $4,865,000 $4,865,000

    Kennett's loan sizing saw the bucket of loans from $100,000 or less with 125 originations, totaling $7,945,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 122 $14,720,000 $120,656
    60-80% 36 $8,490,000 $235,833
    40-60% 19 $1,805,000 $95,000
    20-40% 13 $515,000 $39,615
    Under 20% 7 $1,045,000 $149,286
    Over 100% 4 $640,000 $160,000

    Kennett's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 122 originations, totaling $14,720,000 in origination value.