Laurinburg Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Laurinburg averaged
6.17%
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
5.97% and
one month ago for the week of 2024-09-05, the
average rate was 6.2%.
Laurinburg's average rate one year ago was 7.34%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.22%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Laurinburg 30 Year Fixed Rate | 2024-10-10 | 6.17% |
Laurinburg 30 Year Fixed Rate Refi | 2024-10-10 | 6.22% |
Laurinburg 15 Year Fixed Rate | 2024-10-10 | 5.41% |
Laurinburg 15 Year Fixed Rate Refi | 2024-10-10 | 5.81% |
Laurinburg 30 Year FHA | 2024-10-10 | 6.3% |
Laurinburg 30 Year FHA Refi | 2024-10-10 | 5.9% |
Laurinburg 30 Year USDA | 2024-10-10 | 6.08% |
Laurinburg 30 Year USDA Refi | 2024-10-10 | 5.98% |
Laurinburg 30 Year VA | 2024-10-10 | 5.65% |
Laurinburg 30 Year VA Refi | 2024-10-10 | 5.75% |
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.).
Laurinburg Average Closing Costs & Other Stats
Laurinburg, NC's 38 lenders originated 405
loans during 2023. The total origination value was $63,955,000, with an average loan value of
$157,914.
Laurinburg's average closing costs are $4,869.
The top Laurinburg lender as defined by loan originations is STATE EMPLOYEES', with
26 loans originated. Their average total fees are
$3,418, which is $3,248
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Laurinburg lenders (with over 10 loans originated) are
STATE EMPLOYEES' ($3,418), QUICKEN LOANS, LLC ($6,666), .
The lowest rate Laurinburg lenders (with over 10 loans originated) are
STATE EMPLOYEES' (6.07%), QUICKEN LOANS, LLC (7.04%), .
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
STATE EMPLOYEES' | $13,245,000 | $7,240,000 | -45.3% | 11.3% |
QUICKEN LOANS, LLC | $5,975,000 | $4,945,000 | -17.2% | 7.7% |
Mortgage Research Center, LLC | $4,185,000 | $4,090,000 | -2.3% | 6.4% |
UNION HOME MORTGAGE CORP. | $755,000 | $2,730,000 | 261.6% | 4.3% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $1,350,000 | $2,400,000 | 77.8% | 3.8% |
First Bank | $3,085,000 | $2,315,000 | -25.0% | 3.6% |
UNITED WHOLESALE MORTGAGE, LLC | $3,915,000 | $2,125,000 | -45.7% | 3.3% |
21ST MORTGAGE CORPORATION | $1,020,000 | $1,965,000 | 92.6% | 3.1% |
LOCAL GOVERNMENT FEDERAL CREDIT UNION | $2,505,000 | $1,650,000 | -34.1% | 2.6% |
Truist | $1,390,000 | $1,525,000 | 9.7% | 2.4% |
SOUTHERN TRUST MORTGAGE, LLC | $3,015,000 | $1,420,000 | -52.9% | 2.2% |
CROSSCOUNTRY MORTGAGE, LLC | $1,325,000 | $1,230,000 | -7.2% | 1.9% |
INTERCOASTAL MORTGAGE COMPANY | $2,305,000 | $1,185,000 | -48.6% | 1.9% |
NAVY FEDERAL CREDIT UNION | $1,570,000 | $1,105,000 | -29.6% | 1.7% |
CMG MORTGAGE, INC. | $700,000 | $1,090,000 | 55.7% | 1.7% |
GoPrime Mortgage, Inc. | $235,000 | $935,000 | 297.9% | 1.5% |
First National Bank of Pennsylvania | $970,000 | $890,000 | -8.2% | 1.4% |
ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $175,000 | $880,000 | 402.9% | 1.4% |
MOVEMENT MORTGAGE, LLC | $1,600,000 | $865,000 | -45.9% | 1.4% |
Wells Fargo Bank | $1,965,000 | $840,000 | -57.3% | 1.3% |
Blue Ridge Bank | $2,455,000 | $800,000 | -67.4% | 1.3% |
Southern Bank and Trust Company | $660,000 | n/a | 1.0% | |
PENNYMAC LOAN SERVICES, LLC | $95,000 | $615,000 | 547.4% | 1.0% |
Bank of England | $65,000 | $610,000 | 838.5% | 1.0% |
Flagstar Bank, FSB | $590,000 | n/a | 0.9% | |
LOANDEPOT.COM, LLC | $1,245,000 | $565,000 | -54.6% | 0.9% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $105,000 | $560,000 | 433.3% | 0.9% |
AgCarolina Farm Credit, FLCA | $555,000 | n/a | 0.9% | |
NBKC BANK | $540,000 | n/a | 0.8% | |
VILLAGE CAPITAL MORTGAGE | $540,000 | n/a | 0.8% | |
First-Citizens Bank & Trust Company | $790,000 | $530,000 | -32.9% | 0.8% |
FREEDOM MORTGAGE CORPORATION | $360,000 | $525,000 | 45.8% | 0.8% |
BROKER SOLUTIONS, INC. | $505,000 | $500,000 | -1.0% | 0.8% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $125,000 | $490,000 | 292.0% | 0.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $895,000 | $485,000 | -45.8% | 0.8% |
CORNERSTONE HOME LENDING, INC. | $675,000 | $440,000 | -34.8% | 0.7% |
PNC Bank | $3,590,000 | $435,000 | -87.9% | 0.7% |
American Security Mortgage Corp. | $630,000 | $425,000 | -32.5% | 0.7% |
First Federal Bank | $425,000 | n/a | 0.7% | |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $295,000 | $400,000 | 35.6% | 0.6% |
CARDINAL FINANCIAL | $155,000 | $370,000 | 138.7% | 0.6% |
ASSEMBLIES OF GOD Credit Union | $355,000 | n/a | 0.6% | |
AMERISAVE MORTGAGE CORPORATION | $115,000 | $345,000 | 200.0% | 0.5% |
SOUTHWEST STAGE FUNDING, LLC | $745,000 | $325,000 | -56.4% | 0.5% |
U.S. Bank | $280,000 | $290,000 | 3.6% | 0.5% |
GUARANTEED RATE, INC. | $670,000 | $285,000 | -57.5% | 0.4% |
HOMESIDE FINANCIAL, LLC | $285,000 | n/a | 0.4% | |
THE MORTGAGE FIRM, INC. | $105,000 | $275,000 | 161.9% | 0.4% |
Alcova Mortgage LLC | $340,000 | $270,000 | -20.6% | 0.4% |
PLAZA HOME MORTGAGE, INC. | $295,000 | $265,000 | -10.2% | 0.4% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $255,000 | n/a | 0.4% | |
RELIANCE FIRST CAPITAL, LLC | $255,000 | n/a | 0.4% | |
GENEVA FINANCIAL, LLC | $250,000 | n/a | 0.4% | |
1ST SIGNATURE LENDING, LLC | $585,000 | $245,000 | -58.1% | 0.4% |
Arvest Bank | $245,000 | n/a | 0.4% | |
Wolfe Financial, Inc | $245,000 | n/a | 0.4% | |
USAA Federal Savings Bank | $900,000 | $240,000 | -73.3% | 0.4% |
COUNTRYPLACE MORTGAGE, LTD. | $235,000 | n/a | 0.4% | |
MID AMERICA MORTGAGE, INC. | $320,000 | $235,000 | -26.6% | 0.4% |
NEW FED MORTGAGE, CORP. | $125,000 | $235,000 | 88.0% | 0.4% |
Mr. Cooper ( Nationstar Mortgage ) | $485,000 | $230,000 | -52.6% | 0.4% |
RAPID MORTGAGE COMPANY | $225,000 | n/a | 0.4% | |
United Community Bank | $225,000 | n/a | 0.4% | |
WINGS FINANCIAL | $225,000 | n/a | 0.4% | |
Armed Forces Bank | $205,000 | n/a | 0.3% | |
Lumbee Guaranty Bank | $205,000 | $195,000 | -4.9% | 0.3% |
Regions Bank | $255,000 | $195,000 | -23.5% | 0.3% |
Keystone Funding, Inc. | $185,000 | n/a | 0.3% | |
SeaTrust Mortgage Company | $185,000 | n/a | 0.3% | |
Figure Lending LLC | $150,000 | $180,000 | 20.0% | 0.3% |
WRIGHT-PATT CREDIT UNION, INC. | $165,000 | n/a | 0.3% | |
Barrington Bank & Trust Company, N.A. | $210,000 | $155,000 | -26.2% | 0.2% |
NFM, INC. | $750,000 | $155,000 | -79.3% | 0.2% |
Sierra Pacific Mortgage Company, Inc. | $155,000 | n/a | 0.2% | |
MICHIGAN MUTUAL, INC. | $145,000 | n/a | 0.2% | |
BMO Harris Bank | $135,000 | n/a | 0.2% | |
C & F Mortgage Corporation | $135,000 | n/a | 0.2% | |
Mid-Continent Funding, Inc. | $185,000 | $135,000 | -27.0% | 0.2% |
NEWREZ LLC | $275,000 | $125,000 | -54.5% | 0.2% |
ROYAL UNITED MORTGAGE LLC | $160,000 | $120,000 | -25.0% | 0.2% |
Truliant Federal Credit Union | $195,000 | $110,000 | -43.6% | 0.2% |
PREMIER MORTGAGE RESOURCES, L.L.C. | $105,000 | n/a | 0.2% | |
HomeTrust Bank | $95,000 | n/a | 0.1% | |
Bank of America | $75,000 | $85,000 | 13.3% | 0.1% |
CBM Mortgage, Inc. | $85,000 | n/a | 0.1% | |
JPMorgan Chase Bank | $165,000 | $85,000 | -48.5% | 0.1% |
TOP FLITE FINANCIAL, INC. | $85,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $145,000 | $75,000 | -48.3% | 0.1% |
RUOFF MORTGAGE COMPANY, INC. | $75,000 | n/a | 0.1% | |
Victorian Finance, LLC | $75,000 | n/a | 0.1% | |
Citizens Bank | $135,000 | $65,000 | -51.9% | 0.1% |
CSL Financial, LLC | $65,000 | n/a | 0.1% | |
REV FEDERAL CREDIT UNION | $55,000 | n/a | 0.1% | |
UNITED | $135,000 | $55,000 | -59.3% | 0.1% |
TD Bank | $30,000 | n/a | 0.0% |
Laurinburg's top lender by overall market share is STATE EMPLOYEES', with 11.3% market share. In second place, with 7.7%, is QUICKEN LOANS, LLC, having originated $4,945,000 in loans. In third place, with 6.4%, is Mortgage Research Center, LLC, having originated $4,090,000 in loans. In fourth place, with 4.3%, is UNION HOME MORTGAGE CORP., having originated $2,730,000 in loans. In fifth place, with 3.8%, is VANDERBILT MORTGAGE AND FINANCE, INC., having originated $2,400,000 in loans.
Laurinburg, NC Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 268 | $47,640,000 | $177,761 |
Refi | 39 | $5,525,000 | $141,667 |
Other | 38 | $3,740,000 | $98,421 |
Cash Out Refi | 38 | $5,620,000 | $147,895 |
Home Improvement | 22 | $1,430,000 | $65,000 |
Laurinburg's most frequently cited loan purpose was Home Purchase, with 268 originations. The 2nd most popular reason was Refi, with 39 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 114 | $23,230,000 | $203,772 |
7-8% | 102 | $15,750,000 | $154,412 |
Over 8% | 76 | $8,460,000 | $111,316 |
5-6% | 64 | $12,050,000 | $188,281 |
4-5% | 28 | $2,720,000 | $97,143 |
<2.5% | 4 | $130,000 | $32,500 |
3-4% | 1 | $165,000 | $165,000 |
During 2023, Laurinburg's most frequently originated rate bucket was 6-7%, with 114 originations.
Loan Sizing (Laurinburg, NC MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 163 | $23,455,000 | $143,896 |
$100,000 or less | 135 | $8,275,000 | $61,296 |
$200k-400k | 95 | $26,485,000 | $278,789 |
$400k-600k | 12 | $5,740,000 | $478,333 |
Laurinburg's loan sizing saw the bucket of loans from $100k-200k with 163 originations, totaling $23,455,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 204 | $39,770,000 | $194,951 |
60-80% | 75 | $12,165,000 | $162,200 |
20-40% | 38 | $2,980,000 | $78,421 |
40-60% | 36 | $3,870,000 | $107,500 |
Under 20% | 26 | $730,000 | $28,077 |
Over 100% | 14 | $2,790,000 | $199,286 |
Laurinburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 204 originations, totaling $39,770,000 in origination value.