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 6.89% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.67% and one month ago for the week of 2023-02-16, the average rate was 6.39%.

    Laurel's average rate one year ago was 4.16%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.95%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Laurel 30 Year Fixed Rate 2023-03-23 6.89%
    Laurel 30 Year Fixed Rate Refi 2023-03-23 6.95%
    Laurel 15 Year Fixed Rate 2023-03-23 6.72%
    Laurel 15 Year Fixed Rate Refi 2023-03-23 6.66%
    Laurel 30 Year FHA 2023-03-23 6.34%
    Laurel 30 Year FHA Refi 2023-03-23 6.05%
    Laurel 30 Year USDA 2023-03-23 6.39%
    Laurel 30 Year USDA Refi 2023-03-23 6.18%
    Laurel 30 Year VA 2023-03-23 6.02%
    Laurel 30 Year VA Refi 2023-03-23 5.64%
    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 Bank 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 COMPANY, LIMITED PARTNERSHIP 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 Bank.

    The lowest fee Laurel lenders (with over 10 loans originated) are Regions Bank ($3,777), Community Bank of Mississippi ($3,875), BancorpSouth Bank ($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 Bank (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 $139,625 (7.9%) $166,881 (6.2%) 0.00 261
    2018-02-01 $139,250 (9.7%) $166,548 (8.7%) 0.00 262
    2018-03-01 $134,500 (5.5%) $162,176 (5.3%) 0.00 252
    2018-04-01 $135,000 (3.9%) $163,093 (5.5%) 0.00 258
    2018-05-01 $133,750 (6.4%) $164,755 (6.7%) 0.00 257
    2018-06-01 $135,000 (-2.9%) $168,201 (4.0%) 0.00 253
    2018-07-01 $136,125 (-2.0%) $174,519 (7.4%) 0.00 257
    2018-08-01 $129,850 (-1.9%) $177,044 (8.9%) 0.00 247
    2018-09-01 $141,000 (1.1%) $183,274 (6.9%) 0.00 250
    2018-10-01 $144,500 (9.6%) $182,294 (5.9%) 0.00 254
    2018-11-01 $141,875 (1.9%) $182,332 (9.2%) 0.00 239
    2018-12-01 $139,950 (0.5%) $179,285 (7.9%) 0.00 220
    2019-01-01 $139,900 (0.2%) $175,521 (5.2%) 0.00 220
    2019-02-01 $139,825 (0.4%) $177,952 (6.9%) 0.00 217
    2019-03-01 $150,557 (11.9%) $186,491 (15.0%) 0.00 212
    2019-04-01 $158,207 (17.2%) $194,206 (19.1%) 0.00 205
    2019-05-01 $143,750 (7.5%) $186,577 (13.3%) 0.00 203
    2019-06-01 $156,750 (16.1%) $195,646 (16.3%) 0.00 200
    2019-07-01 $158,750 (16.6%) $206,945 (18.6%) 0.00 197
    2019-08-01 $153,291 (18.1%) $205,330 (16.0%) 0.00 192
    2019-09-01 $150,877 (7.0%) $203,959 (11.3%) 0.00 186
    2019-10-01 $149,493 (3.5%) $203,182 (11.5%) 0.00 181
    2019-11-01 $163,000 (14.9%) $212,171 (16.4%) 0.00 172
    2019-12-01 $160,000 (14.3%) $219,540 (22.5%) 0.00 166
    2020-01-01 $155,875 (11.4%) $205,139 (16.9%) 0.00 156
    2020-02-01 $161,000 (15.1%) $216,411 (21.6%) 0.00 147
    2020-03-01 $161,000 (6.9%) $214,256 (14.9%) 0.00 138
    2020-04-01 $156,450 (-1.1%) $207,925 (7.1%) 0.00 143
    2020-05-01 $163,000 (13.4%) $220,103 (18.0%) 0.00 130
    2020-06-01 $156,250 (-0.3%) $220,321 (12.6%) 0.00 118
    2020-07-01 $149,600 (-5.8%) $218,091 (5.4%) 0.00 113
    2020-08-01 $159,500 (4.1%) $227,992 (11.0%) 0.00 103
    2020-09-01 $166,375 (10.3%) $243,016 (19.2%) 0.00 91
    2020-10-01 $191,000 (27.8%) $241,166 (18.7%) 0.00 82
    2020-11-01 $176,350 (8.2%) $230,918 (8.8%) 0.00 78
    2020-12-01 $189,250 (18.3%) $243,154 (10.8%) 0.00 91
    2021-01-01 $161,000 (3.3%) $251,194 (22.5%) 0.00 87
    2021-02-01 $192,000 (19.3%) $256,413 (18.5%) 0.00 82
    2021-03-01 $159,575 (-0.9%) $237,715 (11.0%) 0.00 68
    2021-04-01 $183,475 (17.3%) $238,007 (14.5%) 0.00 57
    2021-05-01 $164,500 (0.9%) $233,428 (6.1%) 0.00 49
    2021-06-01 $175,925 (12.6%) $218,972 (-0.6%) 0.00 52
    2021-07-01 $174,950 (17.0%) $221,568 (1.6%) 0.00 69
    2021-08-01 $184,950 (16.0%) $222,557 (-2.4%) 0.00 73
    2021-09-01 $192,075 (15.5%) $223,001 (-8.2%) 0.00 72
    2021-10-01 $184,900 (-3.2%) $216,704 (-10.1%) 0.00 64
    2021-11-01 $199,800 (13.3%) $229,652 (-0.6%) 0.00 90
    2021-12-01 $203,275 (7.4%) $228,908 (-5.9%) 0.00 84
    2022-01-01 $207,000 (28.6%) $231,398 (-7.9%) 0.00 75
    2022-02-01 $188,750 (-1.7%) $242,495 (-5.4%) 0.00 60
    2022-03-01 $210,625 (32.0%) $243,441 (2.4%) 0.00 58
    2022-04-01 $176,750 (-3.7%) $242,590 (1.9%) 0.00 71
    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 (32.8%) 0.00 109
    2022-08-01 $252,250 (36.4%) $315,897 (41.9%) 0.00 103
    2022-09-01 $238,400 (24.1%) $315,179 (41.3%) 0.00 108
    2022-10-01 $207,000 (12.0%) $304,003 (40.3%) 0.00 109
    2022-11-01 $202,350 (1.3%) $275,421 (19.9%) 0.00 113
    2022-12-01 $184,900 (-9.0%) $273,220 (19.4%) 0.00 117
    2023-01-01 $179,975 (-13.1%) $260,127 (12.4%) 0.00 112
    2023-02-01 $179,700 (-4.8%) $248,246 (2.4%) 0.00 98
    Laurel's median listing price for 2023-02-01 was $179,700, a difference of $-9,050 (-4.8%) versus the prior year and $-275 versus the prior month.

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

    Laurel's average listing price for 2023-02-01 was $248,246, a difference of $5,751 (2.4%) versus the prior year and $-11,881 versus the prior month.

    For the 2023-02-01 period, Laurel had 98 MLS listings, a difference of -14 listings (-13%) versus the prior month and 38 listings (63%) 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 1,818 sqft
    2018-02-01 0 days 1,863 sqft
    2018-03-01 0 days 1,893 sqft
    2018-04-01 0 days 1,913 sqft
    2018-05-01 0 days 1,926 sqft
    2018-06-01 0 days 1,961 sqft
    2018-07-01 0 days 1,941 sqft
    2018-08-01 0 days 1,952 sqft
    2018-09-01 0 days 1,967 sqft
    2018-10-01 0 days 1,999 sqft
    2018-11-01 0 days 1,981 sqft
    2018-12-01 0 days 1,979 sqft
    2019-01-01 0 days 1,979 sqft
    2019-02-01 0 days 1,947 sqft
    2019-03-01 0 days 1,970 sqft
    2019-04-01 0 days 1,981 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 2,001 sqft
    2019-11-01 0 days 2,000 sqft
    2019-12-01 0 days 2,022 sqft
    2020-01-01 0 days 1,929 sqft
    2020-02-01 0 days 1,999 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 1,983 sqft
    2020-07-01 0 days 1,919 sqft
    2020-08-01 0 days 1,957 sqft
    2020-09-01 0 days 1,996 sqft
    2020-10-01 0 days 2,063 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 1,885 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 1,948 sqft
    2021-08-01 0 days 1,953 sqft
    2021-09-01 0 days 2,076 sqft
    2021-10-01 0 days 2,004 sqft
    2021-11-01 0 days 1,977 sqft
    2021-12-01 0 days 1,948 sqft
    2022-01-01 0 days 1,933 sqft
    2022-02-01 0 days 1,895 sqft
    2022-03-01 0 days 1,866 sqft
    2022-04-01 0 days 1,822 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 2,056 sqft
    2022-09-01 0 days 2,037 sqft
    2022-10-01 0 days 2,030 sqft
    2022-11-01 0 days 1,963 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
    Laurel's median listing age (time on market) for 2023-02-01 was 0 days.

    Laurel's median square footage for active listings during the 2023-02-01 period was 1,927 sqft. One year prior, the average listing was 1,895 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.