Laurel Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Laurel averaged
6.41%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.21% and
one month ago for the week of 2024-09-05, the
average rate was 6.44%.
Laurel's average rate one year ago was 7.78%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.92%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Laurel 30 Year Fixed Rate | 2024-10-10 | 6.41% |
Laurel 30 Year Fixed Rate Refi | 2024-10-10 | 6.92% |
Laurel 15 Year Fixed Rate | 2024-10-10 | 5.61% |
Laurel 15 Year Fixed Rate Refi | 2024-10-10 | 5.61% |
Laurel 30 Year FHA | 2024-10-10 | 6% |
Laurel 30 Year FHA Refi | 2024-10-10 | 6.1% |
Laurel 30 Year USDA | 2024-10-10 | 6.28% |
Laurel 30 Year USDA Refi | 2024-10-10 | 5.88% |
Laurel 30 Year VA | 2024-10-10 | 5.95% |
Laurel 30 Year VA Refi | 2024-10-10 | 5.85% |
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.).
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. LouisDate | 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 |
Laurel's median listing price comes in at 0% of the national average.
Laurel's average listing price for 2024-09-01 was $287,247, a difference of $12,027 (4.4%) versus the prior year and $-389 versus the prior month.
For the 2024-09-01 period, Laurel had 139 MLS listings, a difference of 6 listings (5%) versus the prior month and 8 listings (6%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Laurel (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
Laurel's median square footage for active listings during the 2024-09-01 period was 2,023 sqft. One year prior, the average listing was 1,913 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.