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 6.86% for the week of 2025-05-22, compared to the national average of 6.86% for the same period.

    The average rate for the prior week (2025-05-15) was 6.61% and one month ago for the week of 2025-04-17, the average rate was 7.03%.

    Kennett's average rate one year ago was 7.22%.

    For refis of the same type during the week of 2025-05-22, the average rate was 6.86%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-05-22 6.86%
    Kennett 30 Year Fixed Rate 2025-05-22 6.86%
    Kennett 30 Year Fixed Rate Refi 2025-05-22 6.86%
    Kennett 15 Year Fixed Rate 2025-05-22 5.91%
    Kennett 15 Year Fixed Rate Refi 2025-05-22 5.91%
    Kennett 30 Year FHA 2025-05-22 6.51%
    Kennett 30 Year FHA Refi 2025-05-22 6.51%
    Kennett 30 Year USDA 2025-05-22 6.43%
    Kennett 30 Year USDA Refi 2025-05-22 6.33%
    Kennett 30 Year VA 2025-05-22 6.32%
    Kennett 30 Year VA Refi 2025-05-22 6.72%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 10 7.00% $5,270
    Southern Bank 8 7.47% $1,858
    DAS Acquisition Company, LLC 5 6.72% $5,822
    U.S. Bank 3 7.00% $2,836
    Flanagan State Bank 2 7.13% $5,484
    FLAT BRANCH MORTGAGE, INC. 2 6.56% $2,603
    Flagstar Bank, FSB 1 7.13% $2,364
    FREEDOM MORTGAGE CORPORATION 1 7.75% $6,340
    Gateway First Bank 1 6.88% $2,952
    Leaders Credit Union 1 7.88% $0
    Old National Bank 1 7.25% $3,070
    Servion, Inc. 1 7.13% $4,331
    Simmons Bank 1 6.75% $2,742
    Wells Fargo Bank 1 6.13% $3,627
    Discover Bank 1 6.58% $0
    Farm Credit Mid-America, ACA 1 7.38% $8,834
    First Community Bank 1 6.50% $3,679
    First National Bank of America 1 10.88% $7,970
    First State Community Bank 1 6.25% $2,326

    Kennett Average Closing Costs & Other Stats

    Kennett, MO's 19 lenders originated 229 loans during 2024. The total origination value was $27,505,000, with an average loan value of $120,109.

    Kennett's average closing costs are $4,482.

    The top Kennett lender as defined by loan originations is QUICKEN LOANS, LLC, with 10 loans originated. Their average total fees are $5,270, which is $3,411 higher than the next largest lender, Southern Bank.

    The lowest fee Kennett lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($5,270), .

    The lowest rate Kennett lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (7.00%), .

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    DAS Acquisition Company, LLC $6,680,000 $8,200,000 22.8% 29.8%
    QUICKEN LOANS, LLC $2,495,000 $2,505,000 0.4% 9.1%
    Southern Bank $2,285,000 $2,465,000 7.9% 9.0%
    Unico Bank $1,100,000 $1,635,000 48.6% 5.9%
    Flanagan State Bank $1,635,000 $1,470,000 -10.1% 5.3%
    Mortgage Research Center, LLC $1,360,000 n/a 4.9%
    First State Community Bank $6,910,000 $780,000 -88.7% 2.8%
    PENNYMAC LOAN SERVICES, LLC $230,000 $760,000 230.4% 2.8%
    FREEDOM MORTGAGE CORPORATION $725,000 n/a 2.6%
    Farm Credit Mid-America, ACA $485,000 n/a 1.8%
    FLAT BRANCH MORTGAGE, INC. $775,000 $350,000 -54.8% 1.3%
    Gateway First Bank $350,000 n/a 1.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $295,000 n/a 1.1%
    LOANDEPOT.COM, LLC $290,000 n/a 1.1%
    Sterling Bank $585,000 $285,000 -51.3% 1.0%
    21ST MORTGAGE CORPORATION $280,000 n/a 1.0%
    Simmons Bank $280,000 n/a 1.0%
    U.S. Bank $95,000 $280,000 194.7% 1.0%
    MOVEMENT MORTGAGE, LLC $265,000 n/a 1.0%
    NEW DAY FINANCIAL, LLC $260,000 n/a 0.9%
    Focus Bank $70,000 $240,000 242.9% 0.9%
    First Midwest Bank of Poplar Bluff $150,000 $210,000 40.0% 0.8%
    BROKER SOLUTIONS, INC. $245,000 $195,000 -20.4% 0.7%
    EVERETT FINANCIAL, INC. $630,000 $190,000 -69.8% 0.7%
    FNBC Bank $175,000 n/a 0.6%
    Regions Bank $100,000 $175,000 75.0% 0.6%
    USAA Federal Savings Bank $175,000 n/a 0.6%
    CARDINAL FINANCIAL $185,000 $170,000 -8.1% 0.6%
    First National Bank of America $165,000 n/a 0.6%
    First Financial Bank $860,000 $155,000 -82.0% 0.6%
    GERSHMAN INVESTMENT CORP. $150,000 n/a 0.5%
    AMERISAVE MORTGAGE CORPORATION $285,000 $145,000 -49.1% 0.5%
    Leaders Credit Union $145,000 n/a 0.5%
    Servion, Inc. $125,000 n/a 0.5%
    Paramount Residential Mortgage Group, Inc. $115,000 n/a 0.4%
    CONSERVATION EMP. CREDIT UNION $105,000 n/a 0.4%
    First Midwest Bank of Dexter $155,000 $105,000 -32.3% 0.4%
    First Community Bank $335,000 $95,000 -71.6% 0.3%
    Peoples Community Bank $75,000 $95,000 26.7% 0.3%
    First National Bank $85,000 $85,000 0.0% 0.3%
    GUILD MORTGAGE COMPANY $85,000 n/a 0.3%
    Members Mortgage Services, L.L.C. $85,000 n/a 0.3%
    TRIAD FINANCIAL SERVICES, INC. $85,000 n/a 0.3%
    Wells Fargo Bank $230,000 $85,000 -63.0% 0.3%
    Century Credit Union $75,000 n/a 0.3%
    Discover Bank $75,000 n/a 0.3%
    BancorpSouth $145,000 $65,000 -55.2% 0.2%
    ROYAL UNITED MORTGAGE LLC $55,000 $65,000 18.2% 0.2%
    Flagstar Bank, FSB $55,000 n/a 0.2%
    EVANSVILLE TEACHERS $45,000 n/a 0.2%
    SUCCESS Federal Credit Union $45,000 n/a 0.2%
    Old National Bank $35,000 n/a 0.1%
    PLANET HOME LENDING, LLC $35,000 n/a 0.1%
    Deere Employees Credit Union $35,000 $25,000 -28.6% 0.1%
    The Bank of Missouri $85,000 $15,000 -82.4% 0.1%

    Kennett's top lender by overall market share is DAS Acquisition Company, LLC, with 29.8% market share. In second place, with 9.1%, is QUICKEN LOANS, LLC, having originated $2,505,000 in loans. In third place, with 9.0%, is Southern Bank, having originated $2,465,000 in loans. In fourth place, with 5.9%, is Unico Bank, having originated $1,635,000 in loans. In fifth place, with 5.3%, is Flanagan State Bank, having originated $1,470,000 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%) $132,583 (5.3%) 0.00 66
    2024-06-01 $115,000 (-8.2%) $154,403 (10.2%) 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
    2024-11-01 $105,000 (-8.1%) $139,161 (4.7%) 0.00 96
    2024-12-01 $97,950 (-14.3%) $129,160 (0.0%) 0.00 92
    2025-01-01 $95,075 (-20.6%) $121,542 (-9.8%) 0.00 88
    2025-02-01 $99,950 (-16.7%) $115,437 (-14.0%) 0.00 89
    2025-03-01 $99,950 (-11.9%) $116,513 (-4.0%) 0.00 85
    2025-04-01 $99,800 (-13.2%) $118,174 (-7.0%) 0.00 86
    Kennett's median listing price for 2025-04-01 was $99,800, a difference of $-15,200 (-13.2%) versus the prior year and $-150 versus the prior month.

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

    Kennett's average listing price for 2025-04-01 was $118,174, a difference of $-8,866 (-7.0%) versus the prior year and $1,661 versus the prior month.

    For the 2025-04-01 period, Kennett had 86 MLS listings, a difference of 1 listings (1%) versus the prior month and 17 listings (25%) 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 1,389 sqft
    2024-06-01 0 days 1,500 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 1,523 sqft
    2024-11-01 0 days 1,499 sqft
    2024-12-01 0 days 1,508 sqft
    2025-01-01 0 days 1,537 sqft
    2025-02-01 0 days 1,495 sqft
    2025-03-01 0 days 1,500 sqft
    2025-04-01 0 days 1,464 sqft
    Kennett's median listing age (time on market) for 2025-04-01 was 0 days.

    Kennett's median square footage for active listings during the 2025-04-01 period was 1,464 sqft. One year prior, the average listing was 1,407 sqft.

    Kennett, MO Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 168 $20,810,000 $123,869
    Cash Out Refi 22 $2,410,000 $109,545
    Refi 20 $3,410,000 $170,500
    Home Improvement 11 $485,000 $44,091
    Other 8 $390,000 $48,750

    Kennett's most frequently cited loan purpose was Home Purchase, with 168 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 94 $11,740,000 $124,894
    7-8% 61 $7,235,000 $118,607
    Over 8% 31 $2,645,000 $85,323
    5-6% 20 $2,940,000 $147,000
    <2.5% 3 $15,000 $5,000
    4-5% 1 $95,000 $95,000

    During 2024, Kennett's most frequently originated rate bucket was 6-7%, with 94 originations.

    Loan Sizing (Kennett, MO MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 104 $14,120,000 $135,769
    $100,000 or less 103 $6,545,000 $63,544
    $200k-400k 19 $4,745,000 $249,737
    $400k-600k 2 $890,000 $445,000
    $Over $1MM 1 $1,205,000 $1,205,000

    Kennett's loan sizing saw the bucket of loans from $100k-200k with 104 originations, totaling $14,120,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 144 $19,330,000 $134,236
    60-80% 28 $2,560,000 $91,429
    40-60% 12 $1,140,000 $95,000
    Under 20% 11 $185,000 $16,818
    20-40% 10 $630,000 $63,000
    Over 100% 1 $255,000 $255,000

    Kennett's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 144 originations, totaling $19,330,000 in origination value.