Laurinburg Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Laurinburg averaged 6.74% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

The average rate for the prior week (2023-03-09) was 6.87% and one month ago for the week of 2023-02-09, the average rate was 6.46%.

Laurinburg's average rate one year ago was 3.39%.

For refis of the same type during the week of 2023-03-16, the average rate was 7.22%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-03-16 6.6%
Laurinburg 30 Year Fixed Rate 2023-03-16 6.74%
Laurinburg 30 Year Fixed Rate Refi 2023-03-16 7.22%
Laurinburg 15 Year Fixed Rate 2023-03-16 6.54%
Laurinburg 15 Year Fixed Rate Refi 2023-03-16 6.61%
Laurinburg 30 Year FHA 2023-03-16 6.36%
Laurinburg 30 Year FHA Refi 2023-03-16 6.32%
Laurinburg 30 Year USDA 2023-03-16 6.33%
Laurinburg 30 Year USDA Refi 2023-03-16 3.04%
Laurinburg 30 Year VA 2023-03-16 6.04%
Laurinburg 30 Year VA Refi 2023-03-16 5.67%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Laurinburg, NC.

Laurinburg 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 Laurinburg, NC 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
STATE EMPLOYEES' 35 3.88% $3,579
QUICKEN LOANS, LLC 17 4.83% $5,450
LOCAL GOVERNMENT FEDERAL CREDIT UNION 11 3.70% $3,643
First Bank 7 4.46% $3,224
Wells Fargo Bank 5 5.98% $3,267
INTERCOASTAL MORTGAGE COMPANY 5 5.74% $5,743
CALIBER HOME LOANS, INC. 4 5.44% $5,919
CROSSCOUNTRY MORTGAGE, LLC 4 5.41% $4,578
PNC Bank 4 4.41% $4,413
Mr. Cooper ( Nationstar Mortgage ) 3 6.17% $7,106
LOANDEPOT.COM, LLC 3 4.91% $7,379
Blue Ridge Bank 3 5.79% $5,271
MOVEMENT MORTGAGE, LLC 3 5.35% $3,349
UNITED WHOLESALE MORTGAGE, LLC 3 5.79% $5,222
SOUTHERN TRUST MORTGAGE, LLC 2 4.00% $5,098
Alcova Mortgage LLC 2 6.44% $5,750
Carrington Mortgage Services, LLC 2 5.06% $6,127
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.13% $5,226
VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.56% $6,068
North American Savings Bank, F.S.B. 2 6.00% $4,502
Peoples Bank 1 5.88% $2,639
PREMIA MORTGAGE, LLC 1 5.18% $4,087
ROYAL UNITED MORTGAGE LLC 1 7.13% $3,828
South State Bank 1 5.13% $3,104
The Fidelity Bank 1 5.38% $3,349
THRIVE MORTGAGE, LLC 1 3.63% $5,426
UNITED 1 4.63% $3,542
USAA Federal Savings Bank 1 5.63% $1,044
Uwharrie Bank 1 5.55% $3,797
21ST MORTGAGE CORPORATION 1 5.50% $8,032
Wyndham Capital Mortgage, Inc. 1 4.38% $3,980
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.38% $6,863
ARC HOME LLC 1 5.25% $3,918
Bank of America 1 5.50% $1,070
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 5.63% $5,973
Citizens Bank 1 3.63% $3,297
CMG MORTGAGE, INC. 1 4.25% $3,290
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.88% $4,350
Fifth Third Bank 1 6.63% $5,118
FINANCE OF AMERICA MORTGAGE LLC 1 5.99% $4,980
First-Citizens Bank & Trust Company 1 5.60% $4,454
FIRST COMMUNITY MORTGAGE, INC. 1 3.88% $8,390
GoPrime Mortgage, Inc. 1 3.13% $3,349
GUARANTEED RATE, INC. 1 3.75% $5,690
Mortgage Research Center, LLC 1 4.25% $4,381
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 4.13% $6,505
NAVY FEDERAL CREDIT UNION 1 3.50% $1,345
NEW FED MORTGAGE, CORP. 1 5.63% $3,723
NFM, INC. 1 3.75% $8,035
Northpointe Bank 1 3.88% $3,339

Laurinburg Average Closing Costs & Other Stats

Laurinburg, NC's 50 lenders originated 535 loans during 2022. The total origination value was $86,935,000, with an average loan value of $162,495.

Laurinburg's average closing costs are $4,626.

The top Laurinburg lender as defined by loan originations is STATE EMPLOYEES', with 35 loans originated. Their average total fees are $3,579, which is $1,871 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Laurinburg lenders (with over 10 loans originated) are STATE EMPLOYEES' ($3,579), LOCAL GOVERNMENT FEDERAL CREDIT UNION ($3,643), QUICKEN LOANS, LLC ($5,450), .

The lowest rate Laurinburg lenders (with over 10 loans originated) are LOCAL GOVERNMENT FEDERAL CREDIT UNION (3.70%), STATE EMPLOYEES' (3.88%), QUICKEN LOANS, LLC (4.83%), .

Laurinburg, NC 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
STATE EMPLOYEES' $11,615,000 $13,245,000 14.0% 15.2%
QUICKEN LOANS, LLC $12,965,000 $5,975,000 -53.9% 6.9%
Mortgage Research Center, LLC $3,730,000 $4,185,000 12.2% 4.8%
UNITED WHOLESALE MORTGAGE, LLC $1,505,000 $3,915,000 160.1% 4.5%
PNC Bank $2,630,000 $3,590,000 36.5% 4.1%
First Bank $8,270,000 $3,085,000 -62.7% 3.5%
SOUTHERN TRUST MORTGAGE, LLC $1,040,000 $3,015,000 189.9% 3.5%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $2,305,000 $2,505,000 8.7% 2.9%
Blue Ridge Bank $2,800,000 $2,455,000 -12.3% 2.8%
INTERCOASTAL MORTGAGE COMPANY $1,460,000 $2,305,000 57.9% 2.7%
CALIBER HOME LOANS, INC. $2,775,000 $2,185,000 -21.3% 2.5%
Wells Fargo Bank $2,370,000 $1,965,000 -17.1% 2.3%
United Bank $1,765,000 n/a 2.0%
MOVEMENT MORTGAGE, LLC $3,270,000 $1,600,000 -51.1% 1.8%
NAVY FEDERAL CREDIT UNION $900,000 $1,570,000 74.4% 1.8%
Truist $1,460,000 $1,390,000 -4.8% 1.6%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,910,000 $1,350,000 -29.3% 1.6%
CROSSCOUNTRY MORTGAGE, LLC $250,000 $1,325,000 430.0% 1.5%
LOANDEPOT.COM, LLC $1,180,000 $1,245,000 5.5% 1.4%
21ST MORTGAGE CORPORATION $1,405,000 $1,020,000 -27.4% 1.2%
The Federal Savings Bank $990,000 n/a 1.1%
First National Bank of Pennsylvania $970,000 n/a 1.1%
USAA Federal Savings Bank $340,000 $900,000 164.7% 1.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $780,000 $895,000 14.7% 1.0%
PREMIA MORTGAGE, LLC $855,000 n/a 1.0%
First-Citizens Bank & Trust Company $590,000 $790,000 33.9% 0.9%
UNION HOME MORTGAGE CORP. $335,000 $755,000 125.4% 0.9%
NFM, INC. $1,140,000 $750,000 -34.2% 0.9%
SOUTHWEST STAGE FUNDING, LLC $85,000 $745,000 776.5% 0.9%
CMG MORTGAGE, INC. $1,415,000 $700,000 -50.5% 0.8%
CORNERSTONE HOME LENDING, INC. $2,535,000 $675,000 -73.4% 0.8%
GUARANTEED RATE, INC. $670,000 n/a 0.8%
American Security Mortgage Corp. $1,115,000 $630,000 -43.5% 0.7%
1ST SIGNATURE LENDING, LLC $215,000 $585,000 172.1% 0.7%
Wyndham Capital Mortgage, Inc. $580,000 n/a 0.7%
Prosperity Home Mortgage, LLC $265,000 $555,000 109.4% 0.6%
BROKER SOLUTIONS, INC. $280,000 $505,000 80.4% 0.6%
North American Savings Bank, F.S.B. $500,000 n/a 0.6%
Mr. Cooper ( Nationstar Mortgage ) $1,330,000 $485,000 -63.5% 0.6%
Carrington Mortgage Services, LLC $600,000 $405,000 -32.5% 0.5%
The Fidelity Bank $405,000 n/a 0.5%
DAS Acquisition Company, LLC $370,000 n/a 0.4%
FREEDOM MORTGAGE CORPORATION $3,060,000 $360,000 -88.2% 0.4%
Uwharrie Bank $350,000 n/a 0.4%
ARC HOME LLC $85,000 $345,000 305.9% 0.4%
BNC National Bank $345,000 n/a 0.4%
Equity Prime Mortgage LLC $345,000 n/a 0.4%
FIRST COMMUNITY MORTGAGE, INC. $345,000 n/a 0.4%
Alcova Mortgage LLC $135,000 $340,000 151.9% 0.4%
SUMMIT FUNDING, INC. $340,000 n/a 0.4%
MID AMERICA MORTGAGE, INC. $320,000 n/a 0.4%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $295,000 n/a 0.3%
PLAZA HOME MORTGAGE, INC. $295,000 n/a 0.3%
American National Bank and Trust Company $285,000 n/a 0.3%
CLEARPATH LENDING $525,000 $285,000 -45.7% 0.3%
U.S. Bank $280,000 n/a 0.3%
NEWREZ LLC $305,000 $275,000 -9.8% 0.3%
HOME POINT FINANCIAL CORPORATION $270,000 n/a 0.3%
Regions Bank $255,000 n/a 0.3%
AMERICAN FINANCING CORPORATION $235,000 n/a 0.3%
GoPrime Mortgage, Inc. $930,000 $235,000 -74.7% 0.3%
Magnolia Bank $225,000 n/a 0.3%
Northpointe Bank $225,000 n/a 0.3%
PLANET HOME LENDING, LLC $115,000 $225,000 95.7% 0.3%
Towne Bank $275,000 $225,000 -18.2% 0.3%
Peoples Bank $215,000 n/a 0.2%
Barrington Bank & Trust Company, N.A. $210,000 n/a 0.2%
Lumbee Guaranty Bank $150,000 $205,000 36.7% 0.2%
Midwest Bank $205,000 n/a 0.2%
Truliant Federal Credit Union $195,000 n/a 0.2%
Mid-Continent Funding, Inc. $185,000 n/a 0.2%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $175,000 n/a 0.2%
FINANCE OF AMERICA MORTGAGE LLC $165,000 n/a 0.2%
JPMorgan Chase Bank $330,000 $165,000 -50.0% 0.2%
OVM FINANCIAL, INC. $445,000 $165,000 -62.9% 0.2%
ROYAL UNITED MORTGAGE LLC $180,000 $160,000 -11.1% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $185,000 $155,000 -16.2% 0.2%
CONTOUR MORTGAGE CORPORATION $155,000 n/a 0.2%
SUCCESS MORTGAGE PARTNERS, INC. $250,000 $155,000 -38.0% 0.2%
Figure Lending LLC $150,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $145,000 n/a 0.2%
TJC Mortgage, Inc. $145,000 n/a 0.2%
Citizens Bank $135,000 n/a 0.2%
Fifth Third Bank $65,000 $135,000 107.7% 0.2%
UNITED $135,000 n/a 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $125,000 n/a 0.1%
NEW FED MORTGAGE, CORP. $125,000 n/a 0.1%
PHH Mortgage Corporation $145,000 $125,000 -13.8% 0.1%
Platinum Home Mortgage Corporation $125,000 n/a 0.1%
AMERISAVE MORTGAGE CORPORATION $590,000 $115,000 -80.5% 0.1%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $115,000 n/a 0.1%
South State Bank $225,000 $115,000 -48.9% 0.1%
LAKEVIEW LOAN SERVICING, LLC $645,000 $105,000 -83.7% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $105,000 n/a 0.1%
THE MORTGAGE FIRM, INC. $105,000 n/a 0.1%
Third Federal Savings and Loan Association of Cleveland $105,000 n/a 0.1%
PENNYMAC LOAN SERVICES, LLC $1,340,000 $95,000 -92.9% 0.1%
THRIVE MORTGAGE, LLC $95,000 n/a 0.1%
Bank of America $105,000 $75,000 -28.6% 0.1%
Bank of England $165,000 $65,000 -60.6% 0.1%
Discover Bank $145,000 $65,000 -55.2% 0.1%
NEW DAY FINANCIAL, LLC $545,000 $65,000 -88.1% 0.1%
AMERICAN ADVISORS GROUP $25,000 $55,000 120.0% 0.1%
JUSTICE Federal Credit Union $55,000 n/a 0.1%
LENDINGHOME FUNDING CORPORATION $55,000 n/a 0.1%
SELF-HELP Credit Union $35,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $410,000 $25,000 -93.9% 0.0%

Laurinburg's top lender by overall market share is STATE EMPLOYEES', with 15.2% market share. In second place, with 6.9%, is QUICKEN LOANS, LLC, having originated $5,975,000 in loans. In third place, with 4.8%, is Mortgage Research Center, LLC, having originated $4,185,000 in loans. In fourth place, with 4.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $3,915,000 in loans. In fifth place, with 4.1%, is PNC Bank, having originated $3,590,000 in loans.


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

Realtor.com - Laurinburg (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 $129,925 (16.6%) $160,767 (16.3%) 0.00 133
2018-02-01 $128,575 (15.9%) $158,434 (15.4%) 0.00 129
2018-03-01 $129,900 (14.4%) $156,404 (13.2%) 0.00 132
2018-04-01 $129,900 (10.3%) $155,699 (8.1%) 0.00 138
2018-05-01 $129,900 (6.7%) $159,912 (5.3%) 0.00 146
2018-06-01 $128,450 (8.0%) $152,874 (2.2%) 0.00 154
2018-07-01 $124,975 (-3.8%) $149,536 (-3.6%) 0.00 152
2018-08-01 $121,175 (-7.7%) $145,176 (-8.9%) 0.00 154
2018-09-01 $121,000 (-9.3%) $145,325 (-9.0%) 0.00 142
2018-10-01 $114,975 (-16.5%) $140,482 (-15.2%) 0.00 127
2018-11-01 $113,385 (-12.7%) $145,790 (-8.0%) 0.00 115
2018-12-01 $113,250 (-9.4%) $148,847 (-3.4%) 0.00 107
2019-01-01 $114,700 (-11.7%) $147,281 (-8.4%) 0.00 97
2019-02-01 $117,350 (-8.7%) $148,135 (-6.5%) 0.00 101
2019-03-01 $121,929 (-6.1%) $151,806 (-2.9%) 0.00 96
2019-04-01 $124,529 (-4.1%) $154,048 (-1.1%) 0.00 97
2019-05-01 $121,300 (-6.6%) $148,475 (-7.2%) 0.00 96
2019-06-01 $125,000 (-2.7%) $159,083 (4.1%) 0.00 87
2019-07-01 $134,875 (7.9%) $172,762 (15.5%) 0.00 80
2019-08-01 $134,523 (11.0%) $168,370 (16.0%) 0.00 85
2019-09-01 $133,807 (10.6%) $169,151 (16.4%) 0.00 92
2019-10-01 $133,330 (16.0%) $169,671 (20.8%) 0.00 98
2019-11-01 $130,000 (14.7%) $161,254 (10.6%) 0.00 90
2019-12-01 $128,375 (13.4%) $148,139 (-0.5%) 0.00 82
2020-01-01 $132,000 (15.1%) $148,755 (1.0%) 0.00 74
2020-02-01 $129,900 (10.7%) $144,333 (-2.6%) 0.00 72
2020-03-01 $111,000 (-9.0%) $139,093 (-8.4%) 0.00 68
2020-04-01 $108,000 (-13.3%) $138,838 (-9.9%) 0.00 70
2020-05-01 $111,500 (-8.1%) $137,785 (-7.2%) 0.00 59
2020-06-01 $119,425 (-4.5%) $150,281 (-5.5%) 0.00 55
2020-07-01 $139,925 (3.7%) $163,824 (-5.2%) 0.00 38
2020-08-01 $149,900 (11.4%) $177,011 (5.1%) 0.00 39
2020-09-01 $159,925 (19.5%) $191,717 (13.3%) 0.00 37
2020-10-01 $192,400 (44.3%) $197,924 (16.7%) 0.00 37
2020-11-01 $185,825 (42.9%) $194,140 (20.4%) 0.00 34
2020-12-01 $173,650 (35.3%) $188,600 (27.3%) 0.00 40
2021-01-01 $178,500 (35.2%) $194,124 (30.5%) 0.00 28
2021-02-01 $132,425 (1.9%) $167,955 (16.4%) 0.00 18
2021-03-01 $163,200 (47.0%) $188,149 (35.3%) 0.00 18
2021-04-01 $184,450 (70.8%) $213,383 (53.7%) 0.00 21
2021-05-01 $199,900 (79.3%) $232,284 (68.6%) 0.00 19
2021-06-01 $184,250 (54.3%) $243,944 (62.3%) 0.00 20
2021-07-01 $190,000 (35.8%) $216,342 (32.1%) 0.00 26
2021-08-01 $189,600 (26.5%) $217,613 (22.9%) 0.00 40
2021-09-01 $149,950 (-6.2%) $197,249 (2.9%) 0.00 38
2021-10-01 $180,000 (-6.4%) $207,793 (5.0%) 0.00 36
2021-11-01 $237,450 (27.8%) $235,379 (21.2%) 0.00 36
2021-12-01 $219,975 (26.7%) $236,609 (25.5%) 0.00 29
2022-01-01 $185,950 (4.2%) $235,445 (21.3%) 0.00 30
2022-02-01 $160,100 (20.9%) $223,093 (32.8%) 0.00 25
2022-03-01 $167,225 (2.5%) $239,130 (27.1%) 0.00 21
2022-04-01 $145,700 (-21.0%) $229,580 (7.6%) 0.00 25
2022-05-01 $203,000 (1.6%) $250,777 (8.0%) 0.00 34
2022-06-01 $172,350 (-6.5%) $249,441 (2.3%) 0.00 35
2022-07-01 $199,750 (5.1%) $234,825 (8.5%) 0.00 47
2022-08-01 $198,950 (4.9%) $230,517 (5.9%) 0.00 42
2022-09-01 $202,425 (35.0%) $228,272 (15.7%) 0.00 46
2022-10-01 $194,950 (8.3%) $227,438 (9.5%) 0.00 44
2022-11-01 $208,625 (-12.1%) $225,115 (-4.4%) 0.00 45
2022-12-01 $229,900 (4.5%) $262,165 (10.8%) 0.00 43
2023-01-01 $229,900 (23.6%) $254,752 (8.2%) 0.00 40
2023-02-01 $221,125 (38.1%) $252,818 (13.3%) 0.00 38
Laurinburg's median listing price for 2023-02-01 was $221,125, a difference of $61,025 (38.1%) versus the prior year and $-8,775 versus the prior month.

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

Laurinburg's average listing price for 2023-02-01 was $252,818, a difference of $29,725 (13.3%) versus the prior year and $-1,934 versus the prior month.

For the 2023-02-01 period, Laurinburg had 38 MLS listings, a difference of -2 listings (-5%) versus the prior month and 13 listings (52%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Laurinburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,100 sqft
2018-02-01 0 days 2,031 sqft
2018-03-01 0 days 2,011 sqft
2018-04-01 0 days 2,013 sqft
2018-05-01 0 days 2,092 sqft
2018-06-01 0 days 1,956 sqft
2018-07-01 0 days 1,888 sqft
2018-08-01 0 days 1,961 sqft
2018-09-01 0 days 1,974 sqft
2018-10-01 0 days 1,883 sqft
2018-11-01 0 days 1,870 sqft
2018-12-01 0 days 1,930 sqft
2019-01-01 0 days 1,870 sqft
2019-02-01 0 days 1,876 sqft
2019-03-01 0 days 1,922 sqft
2019-04-01 0 days 1,946 sqft
2019-05-01 0 days 1,946 sqft
2019-06-01 0 days 1,936 sqft
2019-07-01 0 days 1,963 sqft
2019-08-01 0 days 1,937 sqft
2019-09-01 0 days 1,918 sqft
2019-10-01 0 days 1,905 sqft
2019-11-01 0 days 1,913 sqft
2019-12-01 0 days 1,859 sqft
2020-01-01 0 days 1,854 sqft
2020-02-01 0 days 1,842 sqft
2020-03-01 0 days 1,813 sqft
2020-04-01 0 days 1,738 sqft
2020-05-01 0 days 1,670 sqft
2020-06-01 0 days 1,691 sqft
2020-07-01 0 days 1,870 sqft
2020-08-01 0 days 1,851 sqft
2020-09-01 0 days 2,037 sqft
2020-10-01 0 days 2,076 sqft
2020-11-01 0 days 2,100 sqft
2020-12-01 0 days 2,114 sqft
2021-01-01 0 days 2,237 sqft
2021-02-01 0 days 2,224 sqft
2021-03-01 0 days 2,116 sqft
2021-04-01 0 days 2,435 sqft
2021-05-01 0 days 2,336 sqft
2021-06-01 0 days 2,174 sqft
2021-07-01 0 days 2,141 sqft
2021-08-01 0 days 2,039 sqft
2021-09-01 0 days 1,925 sqft
2021-10-01 0 days 2,100 sqft
2021-11-01 0 days 2,100 sqft
2021-12-01 0 days 1,925 sqft
2022-01-01 0 days 2,027 sqft
2022-02-01 0 days 2,003 sqft
2022-03-01 0 days 1,951 sqft
2022-04-01 0 days 2,078 sqft
2022-05-01 0 days 2,113 sqft
2022-06-01 0 days 1,959 sqft
2022-07-01 0 days 1,950 sqft
2022-08-01 0 days 1,943 sqft
2022-09-01 0 days 1,950 sqft
2022-10-01 0 days 1,950 sqft
2022-11-01 0 days 1,950 sqft
2022-12-01 0 days 2,088 sqft
2023-01-01 0 days 2,060 sqft
2023-02-01 0 days 2,055 sqft
Laurinburg's median listing age (time on market) for 2023-02-01 was 0 days.

Laurinburg's median square footage for active listings during the 2023-02-01 period was 2,055 sqft. One year prior, the average listing was 2,003 sqft.

Laurinburg, NC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 327 $61,355,000 $187,630
Refi 86 $11,630,000 $135,233
Cash Out Refi 62 $9,560,000 $154,194
Home Improvement 32 $2,340,000 $73,125
Other 28 $2,050,000 $73,214

Laurinburg's most frequently cited loan purpose was Home Purchase, with 327 originations. The 2nd most popular reason was Refi, with 86 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 132 $21,670,000 $164,167
3-4% 130 $21,090,000 $162,231
4-5% 105 $21,525,000 $205,000
6-7% 50 $8,270,000 $165,400
2.5-3% 46 $5,050,000 $109,783
7-8% 30 $4,250,000 $141,667
Over 8% 20 $1,980,000 $99,000
<2.5% 14 $2,680,000 $191,429

During 2022, Laurinburg's most frequently originated rate bucket was 5-6%, with 132 originations.

Loan Sizing (Laurinburg, NC MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 225 $32,245,000 $143,311
$100,000 or less 163 $10,065,000 $61,748
$200k-400k 135 $37,925,000 $280,926
$400k-600k 11 $4,935,000 $448,636
$Over $1MM 1 $1,765,000 $1,765,000

Laurinburg's loan sizing saw the bucket of loans from $100k-200k with 225 originations, totaling $32,245,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 289 $54,665,000 $189,152
60-80% 108 $16,620,000 $153,889
40-60% 57 $8,215,000 $144,123
20-40% 36 $2,610,000 $72,500
Under 20% 23 $735,000 $31,957
Over 100% 13 $3,445,000 $265,000

Laurinburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 289 originations, totaling $54,665,000 in origination value.