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 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%
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
Laurel's median listing price for 2024-09-01 was $247,000, a difference of $27,000 (12.3%) versus the prior year and $12,000 versus the prior month.

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

Laurel's average listing price for 2024-09-01 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. 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
Laurel's median listing age (time on market) for 2024-09-01 was 0 days.

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.