Kennett Mortgage Rates

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Loan Attributes
  • Market Conditions & Pricing
  • Time on Market/Property Size
    • 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.