Laurel 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 Laurel averaged 6.67% 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 6.98% and one month ago for the week of 2024-10-10, the average rate was 6.61%.

    Laurel's average rate one year ago was 7.69%.

    For refis of the same type during the week of 2024-11-14, the average rate was 6.78%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Laurel 30 Year Fixed Rate 2024-11-14 6.67%
    Laurel 30 Year Fixed Rate Refi 2024-11-14 6.78%
    Laurel 15 Year Fixed Rate 2024-11-14 6.09%
    Laurel 15 Year Fixed Rate Refi 2024-11-14 6.39%
    Laurel 30 Year FHA 2024-11-14 -0.3%
    Laurel 30 Year FHA Refi 2024-11-14 -0.2%
    Laurel 30 Year USDA 2024-11-14 0.2%
    Laurel 30 Year USDA Refi 2024-11-14 0%
    Laurel 30 Year VA 2024-11-14 -0.1%
    Laurel 30 Year VA Refi 2024-11-14 0.2%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Community Bank of Mississippi 36 7.08% $4,575
    QUICKEN LOANS, LLC 19 6.73% $6,472
    Trustmark National Bank 14 6.65% $4,318
    BancorpSouth 11 6.44% $4,262
    Regions Bank 8 6.63% $6,973
    Hamilton Mortgage Corporation 6 6.71% $5,378
    MORTGAGE INVESTORS GROUP, INC. 4 5.16% $6,077
    SUNBELT Federal Credit Union 4 5.24% $3,983
    21ST MORTGAGE CORPORATION 4 7.23% $6,558
    The Citizens National Bank of Meridian 4 6.85% $2,707
    LOANDEPOT.COM, LLC 3 7.38% $7,365
    Merchants & Marine Bank 3 6.46% $5,616
    STOCKTON MORTGAGE CORPORATION 3 7.08% $4,965
    Flagstar Bank, FSB 2 7.06% $7,424
    Ally Bank 2 6.75% $4,049
    Bank of America 2 6.13% $3,721
    CROSSCOUNTRY MORTGAGE, LLC 2 7.13% $6,528
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.43% $8,163
    FIRST COMMUNITY MORTGAGE, INC. 2 6.19% $5,024
    MOVEMENT MORTGAGE, LLC 2 7.03% $5,447
    NAVY FEDERAL CREDIT UNION 2 7.44% $12,836
    UNITED WHOLESALE MORTGAGE, LLC 2 6.81% $4,745
    Discover Bank 1 8.24% $0
    DAS Acquisition Company, LLC 1 6.50% $3,218
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.25% $6,437
    Wells Fargo Bank 1 8.13% $5,467
    NEWREZ LLC 1 8.25% $190
    PNC Bank 1 7.13% $3,254
    Prosperity Home Mortgage, LLC 1 7.50% $4,467
    CHURCHILL MORTGAGE CORPORATION 1 5.99% $3,987
    Red River Bank 1 6.63% $2,981
    BROKER SOLUTIONS, INC. 1 7.13% $6,355
    Renasant Bank 1 6.13% $4,018
    ROYAL UNITED MORTGAGE LLC 1 6.38% $10,298
    Bank of England 1 7.25% $6,946
    AMERISAVE MORTGAGE CORPORATION 1 6.99% $6,563
    TEACHERS CREDIT UNION 1 7.13% $2,938
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.88% $4,143
    TRIAD FINANCIAL SERVICES, INC. 1 6.75% $0
    Truist 1 6.13% $3,462
    AMERICAN FINANCING CORPORATION 1 6.88% $6,091
    ZILLOW HOME LOANS, LLC 1 7.88% $5,163
    GMFS LLC 1 7.63% $3,792
    Hancock Whitney Bank 1 6.50% $3,296
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.59% $4,739

    Laurel Average Closing Costs & Other Stats

    Laurel, MS's 45 lenders originated 1,218 loans during 2023. The total origination value was $151,800,000, with an average loan value of $124,631.

    Laurel's average closing costs are $4,733.

    The top Laurel lender as defined by loan originations is Community Bank of Mississippi, with 36 loans originated. Their average total fees are $4,575, which is $1,897 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Laurel lenders (with over 10 loans originated) are BancorpSouth ($4,262), Trustmark National Bank ($4,318), Community Bank of Mississippi ($4,575), QUICKEN LOANS, LLC ($6,472) and .

    The lowest rate Laurel lenders (with over 10 loans originated) are BancorpSouth (6.44%), Trustmark National Bank (6.65%), QUICKEN LOANS, LLC (6.73%), Community Bank of Mississippi (7.08%) and .

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Community Bank of Mississippi $55,485,000 $42,740,000 -23.0% 28.2%
    Trustmark National Bank $11,660,000 $10,185,000 -12.7% 6.7%
    Regions Bank $6,470,000 $9,675,000 49.5% 6.4%
    BancorpSouth $12,480,000 $7,075,000 -43.3% 4.7%
    21ST MORTGAGE CORPORATION $5,175,000 $6,735,000 30.1% 4.4%
    QUICKEN LOANS, LLC $10,240,000 $6,690,000 -34.7% 4.4%
    The First, A National Banking Association $9,645,000 $4,615,000 -52.2% 3.0%
    TRIAD FINANCIAL SERVICES, INC. $2,475,000 $3,560,000 43.8% 2.3%
    Magnolia State Bank $5,600,000 $3,445,000 -38.5% 2.3%
    Mortgage Research Center, LLC $4,960,000 $3,115,000 -37.2% 2.1%
    Citizens Bank $570,000 $2,850,000 400.0% 1.9%
    SUNBELT Federal Credit Union $1,065,000 $2,725,000 155.9% 1.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,105,000 $2,695,000 143.9% 1.8%
    UNITED WHOLESALE MORTGAGE, LLC $2,705,000 $1,945,000 -28.1% 1.3%
    STOCKTON MORTGAGE CORPORATION $2,660,000 $1,850,000 -30.5% 1.2%
    The Citizens National Bank of Meridian $3,075,000 $1,785,000 -42.0% 1.2%
    Merchants & Marine Bank $590,000 $1,705,000 189.0% 1.1%
    CROSSCOUNTRY MORTGAGE, LLC $465,000 $1,545,000 232.3% 1.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $2,010,000 $1,470,000 -26.9% 1.0%
    DRAPER AND KRAMER MORTGAGE CORP. $1,425,000 n/a 0.9%
    BankFirst Financial Services $2,110,000 $1,280,000 -39.3% 0.8%
    Hamilton Mortgage Corporation $1,230,000 n/a 0.8%
    PriorityOne Bank $1,945,000 $1,150,000 -40.9% 0.8%
    CIS Financial Services, Inc. $425,000 $1,085,000 155.3% 0.7%
    Great Southern Bank $1,060,000 $1,080,000 1.9% 0.7%
    MORTGAGE INVESTORS GROUP, INC. $4,950,000 $1,030,000 -79.2% 0.7%
    AMERICAN PACIFIC MORTGAGE CORPORATION $1,685,000 $995,000 -40.9% 0.7%
    LOANDEPOT.COM, LLC $3,060,000 $990,000 -67.6% 0.7%
    NAVY FEDERAL CREDIT UNION $415,000 $960,000 131.3% 0.6%
    PLAZA HOME MORTGAGE, INC. $925,000 n/a 0.6%
    KEESLER $3,000,000 $895,000 -70.2% 0.6%
    Equity Prime Mortgage LLC $305,000 $805,000 163.9% 0.5%
    CSL Financial, LLC $1,040,000 $750,000 -27.9% 0.5%
    GMFS LLC $175,000 $730,000 317.1% 0.5%
    SOUTHWEST STAGE FUNDING, LLC $700,000 n/a 0.5%
    FirstTrust Home Loans, Inc. $685,000 n/a 0.5%
    Merchants & Planters Bank $625,000 n/a 0.4%
    JPMorgan Chase Bank $625,000 $570,000 -8.8% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $1,380,000 $570,000 -58.7% 0.4%
    BROKER SOLUTIONS, INC. $520,000 $555,000 6.7% 0.4%
    The Federal Savings Bank $530,000 n/a 0.3%
    RELIANCE FIRST CAPITAL, LLC $520,000 n/a 0.3%
    SUPERIOR CHOICE $520,000 n/a 0.3%
    USAA Federal Savings Bank $385,000 $510,000 32.5% 0.3%
    Flagstar Bank, FSB $775,000 $485,000 -37.4% 0.3%
    AMERICAN FINANCING CORPORATION $635,000 $450,000 -29.1% 0.3%
    NEWREZ LLC $505,000 $450,000 -10.9% 0.3%
    BankPlus $2,980,000 $445,000 -85.1% 0.3%
    Hometown Equity Mortgage, LLC $435,000 n/a 0.3%
    Wells Fargo Bank $945,000 $435,000 -54.0% 0.3%
    Hancock Whitney Bank $655,000 $430,000 -34.4% 0.3%
    Bank of America $135,000 $420,000 211.1% 0.3%
    First Southern Bank $410,000 n/a 0.3%
    United Community Bank $1,230,000 $390,000 -68.3% 0.3%
    Peoples Bank $140,000 $380,000 171.4% 0.3%
    FirstBank $640,000 $360,000 -43.8% 0.2%
    MOVEMENT MORTGAGE, LLC $310,000 $350,000 12.9% 0.2%
    PENNYMAC LOAN SERVICES, LLC $440,000 $340,000 -22.7% 0.2%
    AMERISAVE MORTGAGE CORPORATION $2,505,000 $330,000 -86.8% 0.2%
    EVERETT FINANCIAL, INC. $705,000 $310,000 -56.0% 0.2%
    Renasant Bank $305,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $230,000 $300,000 30.4% 0.2%
    Bank of England $85,000 $295,000 247.1% 0.2%
    Ally Bank $290,000 n/a 0.2%
    FIRST COLONY MORTGAGE CORPORATION $290,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $375,000 $290,000 -22.7% 0.2%
    FIRST COMMUNITY MORTGAGE, INC. $295,000 $280,000 -5.1% 0.2%
    FREEDOM MORTGAGE CORPORATION $815,000 $270,000 -66.9% 0.2%
    TEACHERS CREDIT UNION $245,000 n/a 0.2%
    Figure Lending LLC $235,000 n/a 0.2%
    PHH Mortgage Corporation $75,000 $225,000 200.0% 0.1%
    CORNERSTONE HOME LENDING, INC. $205,000 n/a 0.1%
    Logan Finance Corporation $205,000 n/a 0.1%
    Mid-Continent Funding, Inc. $205,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $155,000 $205,000 32.3% 0.1%
    Barrington Bank & Trust Company, N.A. $195,000 n/a 0.1%
    Carrington Mortgage Services, LLC $270,000 $195,000 -27.8% 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $185,000 n/a 0.1%
    Red River Bank $170,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $165,000 n/a 0.1%
    PNC Bank $165,000 n/a 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $750,000 $165,000 -78.0% 0.1%
    Coastal Community Bank $160,000 n/a 0.1%
    GUILD MORTGAGE COMPANY $230,000 $155,000 -32.6% 0.1%
    VILLAGE CAPITAL MORTGAGE $155,000 n/a 0.1%
    COUNTRYPLACE MORTGAGE, LTD. $470,000 $145,000 -69.1% 0.1%
    Grand Bank for Savings, FSB $145,000 $145,000 0.0% 0.1%
    Gulf Coast Bank and Trust Company $145,000 n/a 0.1%
    Truist $430,000 $145,000 -66.3% 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $135,000 n/a 0.1%
    First Bank $475,000 $130,000 -72.6% 0.1%
    BETTER MORTGAGE CORPORATION $115,000 $125,000 8.7% 0.1%
    Prosperity Home Mortgage, LLC $125,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $220,000 $120,000 -45.5% 0.1%
    VELOCITY COMMERCIAL CAPITAL, LLC $115,000 n/a 0.1%
    EMBRACE HOME LOANS, INC. $195,000 $105,000 -46.2% 0.1%
    Princeton Mortgage Corporation $105,000 n/a 0.1%
    DAS Acquisition Company, LLC $1,475,000 $85,000 -94.2% 0.1%
    South State Bank $165,000 $85,000 -48.5% 0.1%
    Brighton Bank $75,000 n/a 0.0%
    CREDIT HUMAN FEDERAL CREDIT UNION $185,000 $75,000 -59.5% 0.0%
    The Citizens Bank of Philadelphia, Mississippi $75,000 n/a 0.0%
    Discover Bank $155,000 $55,000 -64.5% 0.0%
    South Lafourche Bank & Trust Company $45,000 n/a 0.0%
    POWERCO $620,000 $5,000 -99.2% 0.0%

    Laurel's top lender by overall market share is Community Bank of Mississippi, with 28.2% market share. In second place, with 6.7%, is Trustmark National Bank, having originated $10,185,000 in loans. In third place, with 6.4%, is Regions Bank, having originated $9,675,000 in loans. In fourth place, with 4.7%, is BancorpSouth, having originated $7,075,000 in loans. In fifth place, with 4.4%, is 21ST MORTGAGE CORPORATION, having originated $6,735,000 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
    2024-02-01 $229,000 (27.4%) $284,248 (14.5%) 0.00 151
    2024-03-01 $239,000 (40.7%) $292,979 (19.9%) 0.00 146
    2024-04-01 $228,250 (25.4%) $282,179 (7.3%) 0.00 154
    2024-05-01 $222,500 (14.3%) $293,715 (12.2%) 0.00 138
    2024-06-01 $242,450 (23.1%) $296,059 (12.3%) 0.00 140
    2024-07-01 $241,725 (9.9%) $291,665 (7.5%) 0.00 138
    2024-08-01 $235,000 (9.7%) $287,636 (7.7%) 0.00 133
    2024-09-01 $247,000 (12.3%) $287,247 (4.4%) 0.00 139
    2024-10-01 $245,950 (11.8%) $285,130 (6.8%) 0.00 150
    Laurel's median listing price for 2024-10-01 was $245,950, a difference of $25,950 (11.8%) versus the prior year and $-1,050 versus the prior month.

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

    Laurel's average listing price for 2024-10-01 was $285,130, a difference of $18,168 (6.8%) versus the prior year and $-2,117 versus the prior month.

    For the 2024-10-01 period, Laurel had 150 MLS listings, a difference of 11 listings (8%) versus the prior month and 0 listings (0%) 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
    2024-02-01 0 days 1,881 sqft
    2024-03-01 0 days 1,982 sqft
    2024-04-01 0 days 1,945 sqft
    2024-05-01 0 days 1,918 sqft
    2024-06-01 0 days 2,000 sqft
    2024-07-01 0 days 1,990 sqft
    2024-08-01 0 days 2,000 sqft
    2024-09-01 0 days 2,023 sqft
    2024-10-01 0 days 1,979 sqft
    Laurel's median listing age (time on market) for 2024-10-01 was 0 days.

    Laurel's median square footage for active listings during the 2024-10-01 period was 1,979 sqft. One year prior, the average listing was 1,879 sqft.

    Laurel, MS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 596 $93,470,000 $156,829
    Refi 345 $34,855,000 $101,029
    Other 131 $8,335,000 $63,626
    Cash Out Refi 94 $11,850,000 $126,064
    Home Improvement 52 $3,290,000 $63,269

    Laurel's most frequently cited loan purpose was Home Purchase, with 596 originations. The 2nd most popular reason was Refi, with 345 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    Over 8% 503 $45,035,000 $89,533
    7-8% 269 $38,165,000 $141,877
    6-7% 231 $42,815,000 $185,346
    5-6% 81 $14,775,000 $182,407
    4-5% 29 $3,055,000 $105,345
    <2.5% 27 $1,345,000 $49,815
    3-4% 3 $165,000 $55,000
    2.5-3% 1 $85,000 $85,000

    During 2023, Laurel's most frequently originated rate bucket was Over 8%, with 503 originations.

    Loan Sizing (Laurel, MS MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 623 $33,895,000 $54,406
    $100k-200k 386 $54,860,000 $142,124
    $200k-400k 184 $49,140,000 $267,065
    $400k-600k 19 $9,115,000 $479,737
    $600k-1000k 5 $3,315,000 $663,000
    $Over $1MM 1 $1,475,000 $1,475,000

    Laurel's loan sizing saw the bucket of loans from $100,000 or less with 623 originations, totaling $33,895,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 488 $80,300,000 $164,549
    60-80% 210 $32,350,000 $154,048
    20-40% 173 $11,125,000 $64,306
    Under 20% 125 $4,625,000 $37,000
    40-60% 124 $12,990,000 $104,758
    Over 100% 16 $3,300,000 $206,250

    Laurel's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 488 originations, totaling $80,300,000 in origination value.