Laurel Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Laurel averaged 7.14% for the week of 2024-02-29, compared to the national average of 6.94% for the same period.

The average rate for the prior week (2024-02-22) was 7.1% and one month ago for the week of 2024-01-25, the average rate was 6.89%.

Laurel's average rate one year ago was 6.83%.

For refis of the same type during the week of 2024-02-29, the average rate was 6.27%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-29 6.94%
Laurel 30 Year Fixed Rate 2024-02-29 7.14%
Laurel 30 Year Fixed Rate Refi 2024-02-29 6.27%
Laurel 15 Year Fixed Rate 2024-02-29 6.46%
Laurel 15 Year Fixed Rate Refi 2024-02-29 6.56%
Laurel 30 Year FHA 2024-02-29 6.28%
Laurel 30 Year FHA Refi 2024-02-29 6.89%
Laurel 30 Year USDA 2024-02-29 6.73%
Laurel 30 Year USDA Refi 2024-02-29 6.83%
Laurel 30 Year VA 2024-02-29 6.62%
Laurel 30 Year VA Refi 2024-02-29 6.32%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Laurel, MS.

Laurel 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 Laurel, MS 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
Community Bank of Mississippi 61 5.13% $3,875
BancorpSouth 28 4.90% $4,059
QUICKEN LOANS, LLC 18 4.65% $6,263
Trustmark National Bank 15 5.49% $4,179
Regions Bank 14 5.08% $3,777
MORTGAGE INVESTORS GROUP, INC. 13 5.13% $5,936
LOANDEPOT.COM, LLC 9 5.23% $5,548
Ixonia Bank 7 4.79% $3,624
The Citizens National Bank of Meridian 7 5.51% $2,720
UNITED WHOLESALE MORTGAGE, LLC 7 4.83% $5,404
Mr. Cooper ( Nationstar Mortgage ) 6 5.60% $6,873
AMERISAVE MORTGAGE CORPORATION 4 4.06% $6,674
DAS Acquisition Company, LLC 4 6.28% $3,664
STOCKTON MORTGAGE CORPORATION 3 6.21% $5,874
VANDERBILT MORTGAGE AND FINANCE, INC. 3 7.41% $6,135
Merchants & Marine Bank 3 4.37% $3,288
Wells Fargo Bank 3 5.63% $3,245
ANGEL OAK HOME LOANS LLC 3 5.29% $4,534
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 5.33% $5,111
NAVY FEDERAL CREDIT UNION 2 4.06% $1,797
AMERICAN FINANCING CORPORATION 2 4.06% $3,829
Colonial Savings, F.A. 2 4.19% $7,078
GUARANTEED RATE, INC. 2 5.29% $5,442
Hancock Whitney Bank 2 5.56% $3,466
United Community Bank 2 7.54% $3,432
JPMorgan Chase Bank 2 6.49% $2,374
AMERICAN PACIFIC MORTGAGE CORPORATION 2 5.25% $5,071
FREEDOM MORTGAGE CORPORATION 2 5.25% $7,901
21ST MORTGAGE CORPORATION 1 8.20% $7,651
ZILLOW HOME LOANS, LLC 1 5.00% $4,870
BankFirst Financial Services 1 4.50% $10,585
BETTER MORTGAGE CORPORATION 1 5.25% $2,129
BROKER SOLUTIONS, INC. 1 7.49% $7,858
CALIBER HOME LOANS, INC. 1 4.88% $4,484
CARDINAL FINANCIAL 1 4.63% $4,373
CHEVRON 1 3.75% $3,315
Citizens Bank 1 3.88% $7,347
CMG MORTGAGE, INC. 1 5.38% $5,294
Discover Bank 1 6.99% $0
EVERETT FINANCIAL, INC. 1 5.63% $1,620
FirstBank 1 7.14% $5,541
Flagstar Bank, FSB 1 3.50% $2,740
GMFS LLC 1 5.63% $1,435
Grand Bank for Savings, FSB 1 5.13% $2,752
GUILD MORTGAGE COMPANY 1 6.50% $4,529
HOME POINT FINANCIAL CORPORATION 1 3.75% $4,775
Lakeview Community Capital, LLC 1 5.88% $5,302
MOVEMENT MORTGAGE, LLC 1 6.63% $3,626
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.88% $5,153
Nations Lending Corporation 1 6.13% $6,996
POWERCO 1 6.00% $3,329
RAPID MORTGAGE COMPANY 1 6.63% $7,087
ROYAL UNITED MORTGAGE LLC 1 4.25% $5,661
The Central Trust Bank 1 5.50% $4,107
THE MORTGAGE FIRM, INC. 1 4.25% $6,595
Truist 1 5.63% $2,325
U.S. Bank 1 7.00% $10,249

Laurel Average Closing Costs & Other Stats

Laurel, MS's 57 lenders originated 1,484 loans during 2022. The total origination value was $196,960,000, with an average loan value of $132,722.

Laurel's average closing costs are $4,490.

The top Laurel lender as defined by loan originations is Community Bank of Mississippi, with 61 loans originated. Their average total fees are $3,875, which is $184 lower than the next largest lender, BancorpSouth.

The lowest fee Laurel lenders (with over 10 loans originated) are Regions Bank ($3,777), Community Bank of Mississippi ($3,875), BancorpSouth ($4,059), Trustmark National Bank ($4,179) and MORTGAGE INVESTORS GROUP, INC. ($5,936).

The lowest rate Laurel lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.65%), BancorpSouth (4.90%), Regions Bank (5.08%), MORTGAGE INVESTORS GROUP, INC. (5.13%) and Community Bank of Mississippi (5.13%).

Laurel, MS 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
Community Bank of Mississippi $56,160,000 $55,485,000 -1.2% 28.2%
BancorpSouth Bank $14,635,000 $12,480,000 -14.7% 6.3%
Trustmark National Bank $17,500,000 $11,660,000 -33.4% 5.9%
QUICKEN LOANS, LLC $18,955,000 $10,240,000 -46.0% 5.2%
The First, A National Banking Association $9,790,000 $9,645,000 -1.5% 4.9%
Regions Bank $5,430,000 $6,470,000 19.2% 3.3%
Magnolia State Bank $5,620,000 $5,600,000 -0.4% 2.8%
21ST MORTGAGE CORPORATION $5,795,000 $5,175,000 -10.7% 2.6%
Mortgage Research Center, LLC $2,665,000 $4,960,000 86.1% 2.5%
MORTGAGE INVESTORS GROUP, INC. $10,260,000 $4,950,000 -51.8% 2.5%
Citizens Bank $580,000 $4,055,000 599.1% 2.1%
The Citizens National Bank of Meridian $8,240,000 $3,075,000 -62.7% 1.6%
LOANDEPOT.COM, LLC $4,195,000 $3,060,000 -27.1% 1.6%
KEESLER $315,000 $3,000,000 852.4% 1.5%
BankPlus $12,195,000 $2,980,000 -75.6% 1.5%
UNITED WHOLESALE MORTGAGE, LLC $2,790,000 $2,705,000 -3.0% 1.4%
STOCKTON MORTGAGE CORPORATION $540,000 $2,660,000 392.6% 1.4%
AMERISAVE MORTGAGE CORPORATION $1,380,000 $2,505,000 81.5% 1.3%
TRIAD FINANCIAL SERVICES, INC. $1,410,000 $2,475,000 75.5% 1.3%
BankFirst Financial Services $2,035,000 $2,110,000 3.7% 1.1%
Ixonia Bank $805,000 $2,050,000 154.7% 1.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,210,000 $2,010,000 66.1% 1.0%
PriorityOne Bank $1,325,000 $1,945,000 46.8% 1.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,685,000 n/a 0.9%
DAS Acquisition Company, LLC $3,650,000 $1,475,000 -59.6% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $1,665,000 $1,380,000 -17.1% 0.7%
United Community Bank $1,230,000 n/a 0.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,085,000 $1,105,000 -47.0% 0.6%
SUNBELT Federal Credit Union $120,000 $1,065,000 787.5% 0.5%
Great Southern Bank $425,000 $1,060,000 149.4% 0.5%
CSL Financial, LLC $600,000 $1,040,000 73.3% 0.5%
U.S. Bank $125,000 $950,000 660.0% 0.5%
Wells Fargo Bank $2,950,000 $945,000 -68.0% 0.5%
NEW DAY FINANCIAL, LLC $270,000 $930,000 244.4% 0.5%
FREEDOM MORTGAGE CORPORATION $5,195,000 $815,000 -84.3% 0.4%
Flagstar Bank, FSB $1,120,000 $775,000 -30.8% 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $400,000 $750,000 87.5% 0.4%
HOME POINT FINANCIAL CORPORATION $400,000 $730,000 82.5% 0.4%
EVERETT FINANCIAL, INC. $705,000 n/a 0.4%
CALIBER HOME LOANS, INC. $4,330,000 $655,000 -84.9% 0.3%
Hancock Whitney Bank $205,000 $655,000 219.5% 0.3%
FirstBank $260,000 $640,000 146.2% 0.3%
AMERICAN FINANCING CORPORATION $925,000 $635,000 -31.4% 0.3%
JPMorgan Chase Bank $1,820,000 $625,000 -65.7% 0.3%
POWERCO $620,000 n/a 0.3%
Merchants & Marine Bank $525,000 $590,000 12.4% 0.3%
Citizens Bank $580,000 $570,000 -1.7% 0.3%
BROKER SOLUTIONS, INC. $525,000 $520,000 -1.0% 0.3%
NEWREZ LLC $875,000 $505,000 -42.3% 0.3%
First Bank $935,000 $475,000 -49.2% 0.2%
COUNTRYPLACE MORTGAGE, LTD. $525,000 $470,000 -10.5% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $830,000 $465,000 -44.0% 0.2%
PENNYMAC LOAN SERVICES, LLC $1,520,000 $440,000 -71.1% 0.2%
Truist $305,000 $430,000 41.0% 0.2%
ANGEL OAK HOME LOANS LLC $625,000 $425,000 -32.0% 0.2%
CIS Financial Services, Inc. $425,000 n/a 0.2%
NAVY FEDERAL CREDIT UNION $720,000 $415,000 -42.4% 0.2%
UNION HOME MORTGAGE CORP. $415,000 n/a 0.2%
RAPID MORTGAGE COMPANY $385,000 n/a 0.2%
USAA Federal Savings Bank $1,435,000 $385,000 -73.2% 0.2%
Hometown Lenders, Inc. $185,000 $375,000 102.7% 0.2%
ZILLOW HOME LOANS, LLC $375,000 n/a 0.2%
Assurance Financial Group, L.L.C. $355,000 n/a 0.2%
Colonial Savings, F.A. $350,000 n/a 0.2%
GUARANTEED RATE, INC. $310,000 n/a 0.2%
MOVEMENT MORTGAGE, LLC $310,000 n/a 0.2%
Equity Prime Mortgage LLC $305,000 n/a 0.2%
FIRST COMMUNITY MORTGAGE, INC. $1,255,000 $295,000 -76.5% 0.1%
CMG MORTGAGE, INC. $405,000 $280,000 -30.9% 0.1%
Carrington Mortgage Services, LLC $380,000 $270,000 -28.9% 0.1%
EUSTIS AND AMERICAN MORTGAGE COMPANY $265,000 n/a 0.1%
CHEVRON $255,000 n/a 0.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $255,000 $250,000 -2.0% 0.1%
GUILD MORTGAGE COMPANY $1,350,000 $230,000 -83.0% 0.1%
ROYAL UNITED MORTGAGE LLC $665,000 $230,000 -65.4% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $185,000 $220,000 18.9% 0.1%
EMBRACE HOME LOANS, INC. $195,000 n/a 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $140,000 $185,000 32.1% 0.1%
The Central Trust Bank $185,000 n/a 0.1%
GMFS LLC $865,000 $175,000 -79.8% 0.1%
THE MORTGAGE FIRM, INC. $175,000 n/a 0.1%
Community First National Bank $165,000 n/a 0.1%
South State Bank $165,000 n/a 0.1%
TOWNE MORTGAGE COMPANY $125,000 $165,000 32.0% 0.1%
Watermark Capital, Inc. $165,000 n/a 0.1%
Discover Bank $155,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $250,000 $155,000 -38.0% 0.1%
Grand Bank for Savings, FSB $170,000 $145,000 -14.7% 0.1%
Peoples Bank $640,000 $140,000 -78.1% 0.1%
Bank of America $405,000 $135,000 -66.7% 0.1%
GUARANTEED RATE AFFINITY, LLC $135,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $750,000 $115,000 -84.7% 0.1%
Lakeview Community Capital, LLC $135,000 $115,000 -14.8% 0.1%
LIMA ONE CAPITAL, LLC $115,000 n/a 0.1%
Nations Lending Corporation $210,000 $115,000 -45.2% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $105,000 n/a 0.1%
Bank of England $95,000 $85,000 -10.5% 0.0%
LAKEVIEW LOAN SERVICING, LLC $650,000 $75,000 -88.5% 0.0%
PHH Mortgage Corporation $75,000 n/a 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $65,000 n/a 0.0%
AMERICAN ADVISORS GROUP $145,000 $55,000 -62.1% 0.0%
First American Bank and Trust $45,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $165,000 $45,000 -72.7% 0.0%

Laurel's top lender by overall market share is Community Bank of Mississippi, with 28.2% market share. In second place, with 6.3%, is BancorpSouth Bank, having originated $12,480,000 in loans. In third place, with 5.9%, is Trustmark National Bank, having originated $11,660,000 in loans. In fourth place, with 5.2%, is QUICKEN LOANS, LLC, having originated $10,240,000 in loans. In fifth place, with 4.9%, is The First, A National Banking Association, having originated $9,645,000 in loans.


Laurel Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Laurel (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 $139,700 (8.0%) $166,514 (6.1%) 0.00 262
2018-02-01 $139,375 (9.1%) $166,471 (8.6%) 0.00 264
2018-03-01 $135,000 (5.5%) $162,159 (5.3%) 0.00 255
2018-04-01 $136,000 (4.7%) $163,067 (5.5%) 0.00 261
2018-05-01 $134,875 (6.2%) $164,820 (6.7%) 0.00 259
2018-06-01 $135,000 (-3.0%) $168,247 (4.2%) 0.00 255
2018-07-01 $136,625 (-1.7%) $174,408 (7.2%) 0.00 259
2018-08-01 $131,200 (-1.5%) $176,911 (8.6%) 0.00 249
2018-09-01 $143,700 (2.9%) $183,091 (6.7%) 0.00 252
2018-10-01 $146,600 (6.3%) $182,201 (5.8%) 0.00 257
2018-11-01 $144,900 (3.9%) $182,280 (9.2%) 0.00 242
2018-12-01 $140,000 (0.5%) $179,245 (8.1%) 0.00 223
2019-01-01 $139,950 (0.2%) $175,532 (5.4%) 0.00 223
2019-02-01 $141,875 (1.8%) $179,699 (8.0%) 0.00 221
2019-03-01 $151,386 (12.1%) $188,279 (16.1%) 0.00 214
2019-04-01 $158,511 (16.6%) $196,271 (20.4%) 0.00 206
2019-05-01 $145,450 (7.8%) $188,794 (14.6%) 0.00 205
2019-06-01 $159,000 (17.8%) $197,668 (17.5%) 0.00 202
2019-07-01 $160,625 (17.6%) $208,917 (19.8%) 0.00 198
2019-08-01 $153,705 (17.2%) $207,269 (17.2%) 0.00 193
2019-09-01 $151,761 (5.6%) $205,854 (12.4%) 0.00 187
2019-10-01 $150,466 (2.6%) $205,022 (12.5%) 0.00 182
2019-11-01 $164,500 (13.5%) $214,022 (17.4%) 0.00 173
2019-12-01 $161,000 (15.0%) $221,402 (23.5%) 0.00 167
2020-01-01 $156,750 (12.0%) $207,236 (18.1%) 0.00 157
2020-02-01 $162,000 (14.2%) $218,543 (21.6%) 0.00 148
2020-03-01 $161,500 (6.7%) $216,574 (15.0%) 0.00 139
2020-04-01 $156,450 (-1.3%) $210,192 (7.1%) 0.00 144
2020-05-01 $164,000 (12.8%) $222,469 (17.8%) 0.00 131
2020-06-01 $156,250 (-1.7%) $220,528 (11.6%) 0.00 120
2020-07-01 $149,600 (-6.9%) $218,337 (4.5%) 0.00 114
2020-08-01 $159,500 (3.8%) $228,165 (10.1%) 0.00 104
2020-09-01 $168,375 (11.0%) $243,808 (18.4%) 0.00 92
2020-10-01 $191,000 (26.9%) $241,166 (17.6%) 0.00 82
2020-11-01 $176,350 (7.2%) $230,918 (7.9%) 0.00 78
2020-12-01 $189,250 (17.6%) $243,154 (9.8%) 0.00 91
2021-01-01 $161,000 (2.7%) $251,194 (21.2%) 0.00 87
2021-02-01 $192,000 (18.5%) $256,413 (17.3%) 0.00 82
2021-03-01 $161,013 (-0.3%) $236,700 (9.3%) 0.00 68
2021-04-01 $183,475 (17.3%) $238,007 (13.2%) 0.00 57
2021-05-01 $164,500 (0.3%) $233,428 (4.9%) 0.00 49
2021-06-01 $175,925 (12.6%) $218,972 (-0.7%) 0.00 52
2021-07-01 $174,950 (17.0%) $222,169 (1.8%) 0.00 70
2021-08-01 $184,925 (15.9%) $220,709 (-3.3%) 0.00 74
2021-09-01 $189,800 (12.7%) $221,076 (-9.3%) 0.00 73
2021-10-01 $184,900 (-3.2%) $214,509 (-11.1%) 0.00 65
2021-11-01 $199,600 (13.2%) $228,088 (-1.2%) 0.00 91
2021-12-01 $201,438 (6.4%) $227,224 (-6.6%) 0.00 85
2022-01-01 $206,925 (28.5%) $229,568 (-8.6%) 0.00 76
2022-02-01 $185,125 (-3.6%) $240,106 (-6.4%) 0.00 61
2022-03-01 $190,875 (18.6%) $240,976 (1.8%) 0.00 59
2022-04-01 $175,000 (-4.6%) $240,370 (1.0%) 0.00 72
2022-05-01 $208,500 (26.8%) $266,031 (14.0%) 0.00 93
2022-06-01 $239,025 (35.9%) $297,078 (35.7%) 0.00 103
2022-07-01 $239,450 (36.9%) $294,144 (32.4%) 0.00 109
2022-08-01 $252,250 (36.4%) $315,897 (43.1%) 0.00 103
2022-09-01 $236,025 (24.4%) $314,001 (42.0%) 0.00 109
2022-10-01 $207,000 (12.0%) $304,003 (41.7%) 0.00 109
2022-11-01 $202,350 (1.4%) $275,421 (20.8%) 0.00 113
2022-12-01 $184,900 (-8.2%) $273,220 (20.2%) 0.00 117
2023-01-01 $179,975 (-13.0%) $260,127 (13.3%) 0.00 112
2023-02-01 $179,700 (-2.9%) $248,246 (3.4%) 0.00 98
2023-03-01 $169,900 (-11.0%) $244,316 (1.4%) 0.00 88
2023-04-01 $182,000 (4.0%) $262,925 (9.4%) 0.00 97
2023-05-01 $194,750 (-6.6%) $261,788 (-1.6%) 0.00 103
2023-06-01 $197,000 (-17.6%) $263,637 (-11.3%) 0.00 99
2023-07-01 $220,000 (-8.1%) $271,231 (-7.8%) 0.00 112
2023-08-01 $214,250 (-15.1%) $267,143 (-15.4%) 0.00 129
2023-09-01 $220,000 (-6.8%) $275,220 (-12.4%) 0.00 131
2023-10-01 $220,000 (6.3%) $266,962 (-12.2%) 0.00 150
2023-11-01 $226,000 (11.7%) $267,286 (-3.0%) 0.00 152
2023-12-01 $225,000 (21.7%) $267,744 (-2.0%) 0.00 148
2024-01-01 $226,000 (25.6%) $269,910 (3.8%) 0.00 145
Laurel's median listing price for 2024-01-01 was $226,000, a difference of $46,025 (25.6%) versus the prior year and $1,000 versus the prior month.

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

Laurel's average listing price for 2024-01-01 was $269,910, a difference of $9,783 (3.8%) versus the prior year and $2,166 versus the prior month.

For the 2024-01-01 period, Laurel had 145 MLS listings, a difference of -3 listings (-2%) versus the prior month and 33 listings (29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Laurel (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,805 sqft
2018-02-01 0 days 1,856 sqft
2018-03-01 0 days 1,869 sqft
2018-04-01 0 days 1,905 sqft
2018-05-01 0 days 1,916 sqft
2018-06-01 0 days 1,960 sqft
2018-07-01 0 days 1,932 sqft
2018-08-01 0 days 1,947 sqft
2018-09-01 0 days 1,967 sqft
2018-10-01 0 days 1,998 sqft
2018-11-01 0 days 1,979 sqft
2018-12-01 0 days 1,975 sqft
2019-01-01 0 days 1,976 sqft
2019-02-01 0 days 1,937 sqft
2019-03-01 0 days 1,967 sqft
2019-04-01 0 days 1,983 sqft
2019-05-01 0 days 1,944 sqft
2019-06-01 0 days 1,980 sqft
2019-07-01 0 days 2,006 sqft
2019-08-01 0 days 2,014 sqft
2019-09-01 0 days 2,006 sqft
2019-10-01 0 days 2,009 sqft
2019-11-01 0 days 2,018 sqft
2019-12-01 0 days 2,026 sqft
2020-01-01 0 days 1,932 sqft
2020-02-01 0 days 2,000 sqft
2020-03-01 0 days 2,145 sqft
2020-04-01 0 days 2,038 sqft
2020-05-01 0 days 1,999 sqft
2020-06-01 0 days 1,972 sqft
2020-07-01 0 days 1,927 sqft
2020-08-01 0 days 1,957 sqft
2020-09-01 0 days 2,012 sqft
2020-10-01 0 days 2,064 sqft
2020-11-01 0 days 2,079 sqft
2020-12-01 0 days 2,112 sqft
2021-01-01 0 days 2,025 sqft
2021-02-01 0 days 2,012 sqft
2021-03-01 0 days 1,879 sqft
2021-04-01 0 days 1,875 sqft
2021-05-01 0 days 1,770 sqft
2021-06-01 0 days 1,904 sqft
2021-07-01 0 days 1,944 sqft
2021-08-01 0 days 1,948 sqft
2021-09-01 0 days 2,068 sqft
2021-10-01 0 days 1,964 sqft
2021-11-01 0 days 1,973 sqft
2021-12-01 0 days 1,942 sqft
2022-01-01 0 days 1,921 sqft
2022-02-01 0 days 1,882 sqft
2022-03-01 0 days 1,860 sqft
2022-04-01 0 days 1,811 sqft
2022-05-01 0 days 1,831 sqft
2022-06-01 0 days 1,900 sqft
2022-07-01 0 days 1,907 sqft
2022-08-01 0 days 2,044 sqft
2022-09-01 0 days 2,030 sqft
2022-10-01 0 days 2,028 sqft
2022-11-01 0 days 1,950 sqft
2022-12-01 0 days 1,925 sqft
2023-01-01 0 days 1,891 sqft
2023-02-01 0 days 1,927 sqft
2023-03-01 0 days 1,921 sqft
2023-04-01 0 days 1,947 sqft
2023-05-01 0 days 1,862 sqft
2023-06-01 0 days 1,806 sqft
2023-07-01 0 days 1,906 sqft
2023-08-01 0 days 1,900 sqft
2023-09-01 0 days 1,913 sqft
2023-10-01 0 days 1,879 sqft
2023-11-01 0 days 1,885 sqft
2023-12-01 0 days 1,872 sqft
2024-01-01 0 days 1,872 sqft
Laurel's median listing age (time on market) for 2024-01-01 was 0 days.

Laurel's median square footage for active listings during the 2024-01-01 period was 1,872 sqft. One year prior, the average listing was 1,891 sqft.

Laurel, MS Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 685 $110,685,000 $161,584
Refi 480 $50,510,000 $105,229
Other 127 $12,075,000 $95,079
Cash Out Refi 124 $17,360,000 $140,000
Home Improvement 68 $6,330,000 $93,088

Laurel's most frequently cited loan purpose was Home Purchase, with 685 originations. The 2nd most popular reason was Refi, with 480 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
4-5% 311 $47,515,000 $152,781
5-6% 283 $41,065,000 $145,106
3-4% 251 $43,195,000 $172,092
6-7% 218 $26,070,000 $119,587
Over 8% 122 $8,890,000 $72,869
7-8% 115 $11,105,000 $96,565
<2.5% 59 $5,525,000 $93,644
2.5-3% 54 $6,410,000 $118,704

During 2022, Laurel's most frequently originated rate bucket was 4-5%, with 311 originations.

Loan Sizing (Laurel, MS MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 717 $38,215,000 $53,298
$100k-200k 501 $70,925,000 $141,567
$200k-400k 226 $60,100,000 $265,929
$400k-600k 27 $12,565,000 $465,370
$600k-1000k 8 $5,600,000 $700,000
$Over $1MM 5 $9,555,000 $1,911,000

Laurel's loan sizing saw the bucket of loans from $100,000 or less with 717 originations, totaling $38,215,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 556 $94,530,000 $170,018
60-80% 323 $46,815,000 $144,938
40-60% 196 $24,220,000 $123,571
20-40% 182 $11,830,000 $65,000
Under 20% 114 $5,060,000 $44,386
Over 100% 27 $5,615,000 $207,963

Laurel's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 556 originations, totaling $94,530,000 in origination value.