Lexington Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Lexington averaged 7.14% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

The average rate for the prior week (2024-11-07) was 7.05% and one month ago for the week of 2024-10-10, the average rate was 6.58%.

Lexington's average rate one year ago was 7.86%.

For refis of the same type during the week of 2024-11-14, the average rate was 7.08%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-11-14 6.78%
Lexington 30 Year Fixed Rate 2024-11-14 7.14%
Lexington 30 Year Fixed Rate Refi 2024-11-14 7.08%
Lexington 15 Year Fixed Rate 2024-11-14 6.09%
Lexington 15 Year Fixed Rate Refi 2024-11-14 5.99%
Lexington 30 Year FHA 2024-11-14 0.2%
Lexington 30 Year FHA Refi 2024-11-14 0.3%
Lexington 30 Year USDA 2024-11-14 0.1%
Lexington 30 Year USDA Refi 2024-11-14 -0.2%
Lexington 30 Year VA 2024-11-14 0.1%
Lexington 30 Year VA Refi 2024-11-14 0.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Lexington, NE.

Lexington 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 Lexington, NE 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
Pinnacle Bank 11 6.93% $2,572
First National Bank of Omaha 10 6.91% $3,097
CHARTER WEST BANK 10 7.08% $4,582
QUICKEN LOANS, LLC 8 6.54% $6,735
Home Federal Savings & Loan Association of Grand Island 6 7.02% $2,526
First State Bank 5 6.28% $2,523
West Gate Bank 4 7.19% $2,358
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 7.83% $3,817
U.S. Bank 3 6.96% $3,026
First Interstate Bank 2 7.06% $3,935
Farm Credit Mid-America, ACA 2 7.13% $4,346
Wells Fargo Bank 2 6.44% $5,776
Independent Bank 1 6.88% $5,440
Mortgage Research Center, LLC 1 6.25% $839
Mr. Cooper ( Nationstar Mortgage ) 1 7.13% $4,417
NAVY FEDERAL CREDIT UNION 1 8.50% $1,701
NBKC BANK 1 7.38% $1,778
Regent Financial Group, Inc. 1 6.63% $3,210
Security First Bank 1 8.00% $2,555
Union Bank and Trust Company 1 7.75% $2,595
UNITED WHOLESALE MORTGAGE, LLC 1 7.36% $1,946
Flagstar Bank, FSB 1 7.50% $4,641
AMERISAVE MORTGAGE CORPORATION 1 6.88% $5,506
BROKER SOLUTIONS, INC. 1 7.13% $5,288
CALIBER HOME LOANS, INC. 1 7.63% $3,015
CHURCHILL MORTGAGE CORPORATION 1 6.63% $6,045
CMG MORTGAGE, INC. 1 6.50% $2,782
CROSSCOUNTRY MORTGAGE, LLC 1 6.63% $8,482
Deere Employees Credit Union 1 5.63% $2,966
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.50% $5,494
First Bank 1 5.63% $2,631
Five Points Bank 1 6.88% $1,995
ACADEMY MORTGAGE CORPORATION 1 7.13% $6,506

Lexington Average Closing Costs & Other Stats

Lexington, NE's 33 lenders originated 268 loans during 2023. The total origination value was $42,240,000, with an average loan value of $157,612.

Lexington's average closing costs are $3,797.

The top Lexington lender as defined by loan originations is Pinnacle Bank, with 11 loans originated. Their average total fees are $2,572, which is $525 lower than the next largest lender, First National Bank of Omaha.

The lowest fee Lexington lenders (with over 10 loans originated) are Pinnacle Bank ($2,572), First National Bank of Omaha ($3,097), CHARTER WEST BANK ($4,582), .

The lowest rate Lexington lenders (with over 10 loans originated) are First National Bank of Omaha (6.91%), Pinnacle Bank (6.93%), CHARTER WEST BANK (7.08%), .

Lexington, NE 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
Pinnacle Bank $11,495,000 $9,110,000 -20.7% 21.6%
First National Bank of Omaha $3,225,000 $4,145,000 28.5% 9.8%
First State Bank $5,375,000 $3,940,000 -26.7% 9.3%
QUICKEN LOANS, LLC $6,885,000 $2,710,000 -60.6% 6.4%
Security First Bank $3,195,000 $2,355,000 -26.3% 5.6%
CHARTER WEST BANK $3,665,000 $1,970,000 -46.2% 4.7%
Mortgage Research Center, LLC $1,480,000 $1,115,000 -24.7% 2.6%
West Gate Bank $4,415,000 $1,085,000 -75.4% 2.6%
Home Federal Savings & Loan Association of Grand Island $4,465,000 $1,060,000 -76.3% 2.5%
U.S. Bank $970,000 $1,020,000 5.2% 2.4%
First Interstate Bank $2,025,000 $895,000 -55.8% 2.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $275,000 $895,000 225.5% 2.1%
FirsTier Bank $800,000 n/a 1.9%
Equitable Bank $330,000 $785,000 137.9% 1.9%
Plains Commerce Bank $3,480,000 $540,000 -84.5% 1.3%
FREEDOM MORTGAGE CORPORATION $195,000 $530,000 171.8% 1.3%
LOANDEPOT.COM, LLC $1,155,000 $500,000 -56.7% 1.2%
CENTRIS FEDERAL CREDIT UNION $1,010,000 $475,000 -53.0% 1.1%
Five Points Bank $1,725,000 $440,000 -74.5% 1.0%
Farm Credit Mid-America, ACA $1,170,000 $400,000 -65.8% 0.9%
Nebraska Bank of Commerce $285,000 $385,000 35.1% 0.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $490,000 $360,000 -26.5% 0.9%
Wells Fargo Bank $1,065,000 $345,000 -67.6% 0.8%
First Bank $330,000 n/a 0.8%
UNITED WHOLESALE MORTGAGE, LLC $245,000 $330,000 34.7% 0.8%
AMERISAVE MORTGAGE CORPORATION $370,000 $320,000 -13.5% 0.8%
ACADEMY MORTGAGE CORPORATION $315,000 n/a 0.7%
BROKER SOLUTIONS, INC. $305,000 $305,000 0.0% 0.7%
Independent Bank $305,000 n/a 0.7%
CHURCHILL MORTGAGE CORPORATION $295,000 n/a 0.7%
First State Bank Nebraska $295,000 n/a 0.7%
CALIBER HOME LOANS, INC. $265,000 n/a 0.6%
Regent Financial Group, Inc. $105,000 $265,000 152.4% 0.6%
Flagstar Bank, FSB $240,000 n/a 0.6%
CMG MORTGAGE, INC. $105,000 $225,000 114.3% 0.5%
MUTUAL OF OMAHA MORTGAGE, INC. $210,000 $215,000 2.4% 0.5%
Union Bank and Trust Company $530,000 $200,000 -62.3% 0.5%
CROSSCOUNTRY MORTGAGE, LLC $105,000 $195,000 85.7% 0.5%
HOMEBRIDGE FINANCIAL SERVICES, INC. $175,000 n/a 0.4%
Wallick & Volk, Inc. $165,000 n/a 0.4%
ZILLOW HOME LOANS, LLC $165,000 n/a 0.4%
Barrington Bank & Trust Company, N.A. $155,000 n/a 0.4%
Deere Employees Credit Union $155,000 n/a 0.4%
MORIA DEVELOPMENT, INC. $360,000 $155,000 -56.9% 0.4%
NBKC BANK $155,000 n/a 0.4%
NAVY FEDERAL CREDIT UNION $375,000 $125,000 -66.7% 0.3%
21ST MORTGAGE CORPORATION $115,000 n/a 0.3%
PENNYMAC LOAN SERVICES, LLC $200,000 $110,000 -45.0% 0.3%
Lincoln FSB of Nebraska $260,000 $105,000 -59.6% 0.2%
NEW DAY FINANCIAL, LLC $235,000 $85,000 -63.8% 0.2%
Figure Lending LLC $65,000 n/a 0.2%
Mr. Cooper ( Nationstar Mortgage ) $370,000 $55,000 -85.1% 0.1%
Bethpage Federal Credit Union $45,000 n/a 0.1%
Bank of the West $95,000 $35,000 -63.2% 0.1%

Lexington's top lender by overall market share is Pinnacle Bank, with 21.6% market share. In second place, with 9.8%, is First National Bank of Omaha, having originated $4,145,000 in loans. In third place, with 9.3%, is First State Bank, having originated $3,940,000 in loans. In fourth place, with 6.4%, is QUICKEN LOANS, LLC, having originated $2,710,000 in loans. In fifth place, with 5.6%, is Security First Bank, having originated $2,355,000 in loans.


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

Realtor.com - Lexington (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 $98,100 (-18.1%) $143,257 (0.3%) 0.00 57
2018-02-01 $108,950 (4.6%) $150,243 (11.8%) 0.00 60
2018-03-01 $128,500 (29.8%) $168,504 (26.7%) 0.00 61
2018-04-01 $155,000 (37.8%) $175,086 (26.2%) 0.00 62
2018-05-01 $154,725 (23.8%) $170,988 (19.2%) 0.00 69
2018-06-01 $162,500 (30.4%) $197,989 (41.8%) 0.00 104
2018-07-01 $159,000 (28.3%) $196,382 (37.7%) 0.00 94
2018-08-01 $139,450 (5.1%) $181,117 (13.4%) 0.00 88
2018-09-01 $139,900 (1.8%) $176,133 (1.6%) 0.00 90
2018-10-01 $151,200 (11.2%) $191,000 (20.0%) 0.00 80
2018-11-01 $162,425 (17.5%) $197,165 (28.3%) 0.00 80
2018-12-01 $164,975 (32.5%) $196,849 (33.4%) 0.00 76
2019-01-01 $165,000 (68.2%) $209,915 (46.5%) 0.00 95
2019-02-01 $164,988 (51.4%) $211,554 (40.8%) 0.00 92
2019-03-01 $167,386 (30.3%) $213,935 (27.0%) 0.00 91
2019-04-01 $167,236 (7.9%) $211,104 (20.6%) 0.00 93
2019-05-01 $168,750 (9.1%) $216,883 (26.8%) 0.00 103
2019-06-01 $165,750 (2.0%) $210,305 (6.2%) 0.00 111
2019-07-01 $162,400 (2.1%) $218,086 (11.1%) 0.00 107
2019-08-01 $167,836 (20.4%) $222,246 (22.7%) 0.00 105
2019-09-01 $179,741 (28.5%) $225,539 (28.1%) 0.00 103
2019-10-01 $187,677 (24.1%) $225,772 (18.2%) 0.00 102
2019-11-01 $169,500 (4.4%) $214,695 (8.9%) 0.00 87
2019-12-01 $192,975 (17.0%) $216,590 (10.0%) 0.00 85
2020-01-01 $199,000 (20.6%) $222,116 (5.8%) 0.00 79
2020-02-01 $199,900 (21.2%) $218,607 (3.3%) 0.00 82
2020-03-01 $205,225 (22.6%) $236,208 (10.4%) 0.00 84
2020-04-01 $213,250 (27.5%) $241,222 (14.3%) 0.00 83
2020-05-01 $216,950 (28.6%) $242,613 (11.9%) 0.00 86
2020-06-01 $214,250 (29.3%) $249,874 (18.8%) 0.00 70
2020-07-01 $215,000 (32.4%) $248,766 (14.1%) 0.00 66
2020-08-01 $195,000 (16.2%) $230,693 (3.8%) 0.00 71
2020-09-01 $182,950 (1.8%) $218,338 (-3.2%) 0.00 66
2020-10-01 $179,900 (-4.1%) $211,116 (-6.5%) 0.00 58
2020-11-01 $169,900 (0.2%) $206,968 (-3.6%) 0.00 57
2020-12-01 $167,450 (-13.2%) $207,310 (-4.3%) 0.00 46
2021-01-01 $165,000 (-17.1%) $201,563 (-9.3%) 0.00 41
2021-02-01 $145,875 (-27.0%) $189,999 (-13.1%) 0.00 43
2021-03-01 $160,000 (-22.0%) $202,658 (-14.2%) 0.00 22
2021-04-01 $168,500 (-21.0%) $224,996 (-6.7%) 0.00 21
2021-05-01 $210,000 (-3.2%) $257,453 (6.1%) 0.00 20
2021-06-01 $224,900 (5.0%) $258,174 (3.3%) 0.00 25
2021-07-01 $232,450 (8.1%) $255,617 (2.8%) 0.00 25
2021-08-01 $227,000 (16.4%) $247,355 (7.2%) 0.00 25
2021-09-01 $211,250 (15.5%) $213,523 (-2.2%) 0.00 32
2021-10-01 $182,000 (1.2%) $204,031 (-3.4%) 0.00 26
2021-11-01 $194,075 (14.2%) $224,535 (8.5%) 0.00 25
2021-12-01 $192,725 (15.1%) $248,333 (19.8%) 0.00 27
2022-01-01 $219,000 (32.7%) $267,384 (32.7%) 0.00 31
2022-02-01 $223,500 (53.2%) $281,019 (47.9%) 0.00 26
2022-03-01 $235,500 (47.2%) $306,023 (51.0%) 0.00 25
2022-04-01 $222,500 (32.1%) $282,287 (25.5%) 0.00 27
2022-05-01 $218,500 (4.1%) $282,746 (9.8%) 0.00 24
2022-06-01 $209,375 (-6.9%) $285,364 (10.5%) 0.00 26
2022-07-01 $289,000 (24.3%) $322,938 (26.3%) 0.00 30
2022-08-01 $283,250 (24.8%) $338,468 (36.8%) 0.00 40
2022-09-01 $275,000 (30.2%) $320,705 (50.2%) 0.00 43
2022-10-01 $258,000 (41.8%) $343,738 (68.5%) 0.00 48
2022-11-01 $269,950 (39.1%) $338,060 (50.6%) 0.00 57
2022-12-01 $269,950 (40.1%) $321,718 (29.6%) 0.00 50
2023-01-01 $269,925 (23.3%) $327,643 (22.5%) 0.00 49
2023-02-01 $271,250 (21.4%) $315,003 (12.1%) 0.00 39
2023-03-01 $288,375 (22.5%) $353,832 (15.6%) 0.00 41
2023-04-01 $296,000 (33.0%) $359,116 (27.2%) 0.00 47
2023-05-01 $294,750 (34.9%) $362,737 (28.3%) 0.00 45
2023-06-01 $278,600 (33.1%) $372,733 (30.6%) 0.00 49
2023-07-01 $281,200 (-2.7%) $371,107 (14.9%) 0.00 50
2023-08-01 $245,700 (-13.3%) $353,118 (4.3%) 0.00 57
2023-09-01 $238,500 (-13.3%) $358,262 (11.7%) 0.00 57
2023-10-01 $238,500 (-7.6%) $341,973 (-0.5%) 0.00 57
2023-11-01 $268,750 (-0.4%) $313,132 (-7.4%) 0.00 50
2023-12-01 $294,000 (8.9%) $319,008 (-0.8%) 0.00 63
2024-01-01 $270,875 (0.4%) $318,948 (-2.7%) 0.00 68
2024-02-01 $275,450 (1.6%) $325,834 (3.4%) 0.00 62
2024-03-01 $283,500 (-1.7%) $316,955 (-10.4%) 0.00 74
2024-04-01 $291,125 (-1.7%) $347,782 (-3.2%) 0.00 70
2024-05-01 $287,500 (-2.5%) $343,810 (-5.2%) 0.00 69
2024-06-01 $299,450 (7.5%) $366,945 (-1.6%) 0.00 71
2024-07-01 $302,175 (7.5%) $396,437 (6.8%) 0.00 73
2024-08-01 $314,900 (28.2%) $388,285 (10.0%) 0.00 65
2024-09-01 $317,125 (33.0%) $407,761 (13.8%) 0.00 67
2024-10-01 $314,900 (32.0%) $392,631 (14.8%) 0.00 69
Lexington's median listing price for 2024-10-01 was $314,900, a difference of $76,400 (32.0%) versus the prior year and $-2,225 versus the prior month.

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

Lexington's average listing price for 2024-10-01 was $392,631, a difference of $50,658 (14.8%) versus the prior year and $-15,130 versus the prior month.

For the 2024-10-01 period, Lexington had 69 MLS listings, a difference of 2 listings (3%) versus the prior month and 12 listings (21%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Lexington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,547 sqft
2018-02-01 0 days 1,590 sqft
2018-03-01 0 days 1,780 sqft
2018-04-01 0 days 2,002 sqft
2018-05-01 0 days 1,862 sqft
2018-06-01 0 days 1,830 sqft
2018-07-01 0 days 1,863 sqft
2018-08-01 0 days 1,749 sqft
2018-09-01 0 days 1,751 sqft
2018-10-01 0 days 1,830 sqft
2018-11-01 0 days 1,850 sqft
2018-12-01 0 days 1,872 sqft
2019-01-01 0 days 1,920 sqft
2019-02-01 0 days 1,920 sqft
2019-03-01 0 days 1,912 sqft
2019-04-01 0 days 1,919 sqft
2019-05-01 0 days 1,910 sqft
2019-06-01 0 days 1,846 sqft
2019-07-01 0 days 1,812 sqft
2019-08-01 0 days 1,872 sqft
2019-09-01 0 days 1,842 sqft
2019-10-01 0 days 1,833 sqft
2019-11-01 0 days 1,866 sqft
2019-12-01 0 days 1,844 sqft
2020-01-01 0 days 1,856 sqft
2020-02-01 0 days 1,770 sqft
2020-03-01 0 days 1,800 sqft
2020-04-01 0 days 1,790 sqft
2020-05-01 0 days 1,866 sqft
2020-06-01 0 days 1,999 sqft
2020-07-01 0 days 2,075 sqft
2020-08-01 0 days 2,097 sqft
2020-09-01 0 days 2,078 sqft
2020-10-01 0 days 1,798 sqft
2020-11-01 0 days 1,845 sqft
2020-12-01 0 days 1,943 sqft
2021-01-01 0 days 1,995 sqft
2021-02-01 0 days 1,782 sqft
2021-03-01 0 days 1,682 sqft
2021-04-01 0 days 2,208 sqft
2021-05-01 0 days 2,480 sqft
2021-06-01 0 days 2,260 sqft
2021-07-01 0 days 2,288 sqft
2021-08-01 0 days 2,289 sqft
2021-09-01 0 days 1,983 sqft
2021-10-01 0 days 1,934 sqft
2021-11-01 0 days 1,994 sqft
2021-12-01 0 days 2,007 sqft
2022-01-01 0 days 2,098 sqft
2022-02-01 0 days 2,006 sqft
2022-03-01 0 days 1,992 sqft
2022-04-01 0 days 2,002 sqft
2022-05-01 0 days 1,750 sqft
2022-06-01 0 days 2,249 sqft
2022-07-01 0 days 2,458 sqft
2022-08-01 0 days 2,095 sqft
2022-09-01 0 days 2,039 sqft
2022-10-01 0 days 2,044 sqft
2022-11-01 0 days 1,687 sqft
2022-12-01 0 days 1,687 sqft
2023-01-01 0 days 1,687 sqft
2023-02-01 0 days 1,719 sqft
2023-03-01 0 days 1,991 sqft
2023-04-01 0 days 2,198 sqft
2023-05-01 0 days 2,203 sqft
2023-06-01 0 days 2,174 sqft
2023-07-01 0 days 2,058 sqft
2023-08-01 0 days 1,752 sqft
2023-09-01 0 days 1,687 sqft
2023-10-01 0 days 1,809 sqft
2023-11-01 0 days 1,857 sqft
2023-12-01 0 days 1,720 sqft
2024-01-01 0 days 1,740 sqft
2024-02-01 0 days 1,734 sqft
2024-03-01 0 days 1,734 sqft
2024-04-01 0 days 1,895 sqft
2024-05-01 0 days 1,920 sqft
2024-06-01 0 days 1,922 sqft
2024-07-01 0 days 1,988 sqft
2024-08-01 0 days 2,279 sqft
2024-09-01 0 days 2,255 sqft
2024-10-01 0 days 2,027 sqft
Lexington's median listing age (time on market) for 2024-10-01 was 0 days.

Lexington's median square footage for active listings during the 2024-10-01 period was 2,027 sqft. One year prior, the average listing was 1,809 sqft.

Lexington, NE Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 182 $33,320,000 $183,077
Home Improvement 30 $2,140,000 $71,333
Refi 25 $3,155,000 $126,200
Cash Out Refi 23 $3,295,000 $143,261
Other 8 $330,000 $41,250

Lexington's most frequently cited loan purpose was Home Purchase, with 182 originations. The 2nd most popular reason was Home Improvement, with 30 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 104 $19,130,000 $183,942
7-8% 78 $12,690,000 $162,692
Over 8% 34 $2,480,000 $72,941
5-6% 27 $4,495,000 $166,481
<2.5% 10 $100,000 $10,000
3-4% 3 $335,000 $111,667
4-5% 2 $330,000 $165,000

During 2023, Lexington's most frequently originated rate bucket was 6-7%, with 104 originations.

Loan Sizing (Lexington, NE MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 109 $16,185,000 $148,486
$100,000 or less 87 $4,685,000 $53,851
$200k-400k 67 $18,435,000 $275,149
$600k-1000k 3 $2,045,000 $681,667
$400k-600k 2 $890,000 $445,000

Lexington's loan sizing saw the bucket of loans from $100k-200k with 109 originations, totaling $16,185,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 111 $20,535,000 $185,000
60-80% 57 $9,925,000 $174,123
20-40% 33 $2,135,000 $64,697
Under 20% 25 $1,185,000 $47,400
40-60% 22 $3,750,000 $170,455
Over 100% 5 $1,865,000 $373,000

Lexington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 111 originations, totaling $20,535,000 in origination value.