Laurinburg Mortgage Rates & Closing Costs

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  • Trends
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    • 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.