Lexington Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Lexington averaged
6.68%
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
6.91% and
one month ago for the week of 2023-02-09, the
average rate was 6.4%.
Lexington's average rate one year ago was 4.03%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.61%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Lexington 30 Year Fixed Rate | 2023-03-16 | 6.68% |
Lexington 30 Year Fixed Rate Refi | 2023-03-16 | 6.61% |
Lexington 15 Year Fixed Rate | 2023-03-16 | 6.52% |
Lexington 15 Year Fixed Rate Refi | 2023-03-16 | 5.85% |
Lexington 30 Year FHA | 2023-03-16 | 6.63% |
Lexington 30 Year FHA Refi | 2023-03-16 | 6.46% |
Lexington 30 Year USDA | 2023-03-16 | 6.68% |
Lexington 30 Year USDA Refi | 2023-03-16 | 6.27% |
Lexington 30 Year VA | 2023-03-16 | 6.54% |
Lexington 30 Year VA Refi | 2023-03-16 | 5.89% |
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.).
Lexington Average Closing Costs & Other Stats
Lexington, NE's 42 lenders originated 641
loans during 2021. The total origination value was $108,805,000, with an average loan value of
$169,743.
Lexington's average closing costs are $3,453.
The top Lexington lender as defined by loan originations is West Gate Bank, with
37 loans originated. Their average total fees are
$2,030, which is $177
higher than the next largest lender,
Home Federal Savings & Loan Association of Grand Island.
The lowest fee Lexington lenders (with over 10 loans originated) are
Security First Bank ($1,729), Home Federal Savings & Loan Association of Grand Island ($1,853), West Gate Bank ($2,030), Pinnacle Bank ($2,342) and CHARTER WEST BANK ($2,342).
The lowest rate Lexington lenders (with over 10 loans originated) are
West Gate Bank (3.01%), Pinnacle Bank (3.02%), CHARTER WEST BANK (3.10%), QUICKEN LOANS, LLC (3.13%) and Plains Commerce Bank (3.16%).
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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
Home Federal Savings & Loan Association of Grand Island | $8,200,000 | $20,140,000 | 145.6% | 18.5% |
QUICKEN LOANS, LLC | $13,735,000 | $12,695,000 | -7.6% | 11.7% |
West Gate Bank | $10,865,000 | $9,120,000 | -16.1% | 8.4% |
Pinnacle Bank | $7,880,000 | $8,700,000 | 10.4% | 8.0% |
First State Bank | $7,480,000 | $6,960,000 | -7.0% | 6.4% |
CHARTER WEST BANK | $6,000,000 | $5,430,000 | -9.5% | 5.0% |
Security First Bank | $3,575,000 | $5,030,000 | 40.7% | 4.6% |
Plains Commerce Bank | $2,205,000 | $4,645,000 | 110.7% | 4.3% |
First National Bank of Omaha | $2,450,000 | $3,050,000 | 24.5% | 2.8% |
Farm Credit Mid-America, ACA | $715,000 | $2,910,000 | 307.0% | 2.7% |
Wells Fargo Bank | $2,800,000 | $2,315,000 | -17.3% | 2.1% |
U.S. Bank | $2,020,000 | $2,015,000 | -0.2% | 1.9% |
GREYSTONE SERVICING COMPANY LLC | $1,875,000 | n/a | 1.7% | |
FREEDOM MORTGAGE CORPORATION | $785,000 | $1,630,000 | 107.6% | 1.5% |
Mortgage Research Center, LLC | $1,550,000 | $1,590,000 | 2.6% | 1.5% |
Great Western Bank | $1,215,000 | $1,465,000 | 20.6% | 1.3% |
Mr. Cooper ( Nationstar Mortgage ) | $290,000 | $1,365,000 | 370.7% | 1.3% |
Adams Bank & Trust | $820,000 | $1,135,000 | 38.4% | 1.0% |
LOANDEPOT.COM, LLC | $580,000 | $940,000 | 62.1% | 0.9% |
Five Points Bank | $1,525,000 | $895,000 | -41.3% | 0.8% |
AMERISAVE MORTGAGE CORPORATION | $105,000 | $765,000 | 628.6% | 0.7% |
GERSHMAN INVESTMENT CORP. | $670,000 | n/a | 0.6% | |
NEW DAY FINANCIAL, LLC | $140,000 | $560,000 | 300.0% | 0.5% |
CHURCHILL MORTGAGE CORPORATION | $485,000 | $540,000 | 11.3% | 0.5% |
Lincoln FSB of Nebraska | $460,000 | $505,000 | 9.8% | 0.5% |
BROKER SOLUTIONS, INC. | $495,000 | n/a | 0.5% | |
Bank of England | $240,000 | $430,000 | 79.2% | 0.4% |
Central National Bank | $255,000 | $425,000 | 66.7% | 0.4% |
NBKC BANK | $420,000 | n/a | 0.4% | |
PENNYMAC LOAN SERVICES, LLC | $565,000 | $420,000 | -25.7% | 0.4% |
MUTUAL OF OMAHA MORTGAGE, INC. | $85,000 | $410,000 | 382.4% | 0.4% |
Prosperity Home Mortgage, LLC | $390,000 | n/a | 0.4% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $370,000 | n/a | 0.3% | |
United Fidelity Funding Corp. | $370,000 | n/a | 0.3% | |
CLEARPATH LENDING | $145,000 | $320,000 | 120.7% | 0.3% |
CENTRIS FEDERAL CREDIT UNION | $235,000 | $315,000 | 34.0% | 0.3% |
Stifel Bank and Trust | $315,000 | n/a | 0.3% | |
Wyndham Capital Mortgage, Inc. | $305,000 | $315,000 | 3.3% | 0.3% |
VILLAGE CAPITAL & INVESTMENT LLC | $310,000 | n/a | 0.3% | |
Carrington Mortgage Services, LLC | $285,000 | n/a | 0.3% | |
LAKEVIEW LOAN SERVICING, LLC | $280,000 | n/a | 0.3% | |
USAA Federal Savings Bank | $930,000 | $275,000 | -70.4% | 0.3% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $270,000 | $270,000 | 0.0% | 0.2% |
CMG MORTGAGE, INC. | $270,000 | n/a | 0.2% | |
Regent Financial Group, Inc. | $310,000 | $250,000 | -19.4% | 0.2% |
Equitable Bank | $525,000 | $240,000 | -54.3% | 0.2% |
FIRST STATE MORTGAGE SERVICES, LLC | $160,000 | $240,000 | 50.0% | 0.2% |
Chickasaw Community Bank | $510,000 | $230,000 | -54.9% | 0.2% |
ZILLOW HOME LOANS, LLC | $215,000 | n/a | 0.2% | |
Citizens Bank | $285,000 | $205,000 | -28.1% | 0.2% |
First Home Bank | $195,000 | n/a | 0.2% | |
OCEANSIDE MORTGAGE COMPANY | $185,000 | n/a | 0.2% | |
AMERICAN FINANCIAL NETWORK, INC. | $175,000 | n/a | 0.2% | |
Arvest Bank | $175,000 | n/a | 0.2% | |
MORIA DEVELOPMENT, INC. | $175,000 | n/a | 0.2% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $65,000 | $175,000 | 169.2% | 0.2% |
Ally Bank | $285,000 | $155,000 | -45.6% | 0.1% |
GENEVA FINANCIAL, LLC | $185,000 | $155,000 | -16.2% | 0.1% |
Barrington Bank & Trust Company, N.A. | $280,000 | $150,000 | -46.4% | 0.1% |
Bankers' Bank | $145,000 | n/a | 0.1% | |
Dundee Bank | $145,000 | n/a | 0.1% | |
NAVY FEDERAL CREDIT UNION | $275,000 | $145,000 | -47.3% | 0.1% |
HOME POINT FINANCIAL CORPORATION | $135,000 | $140,000 | 3.7% | 0.1% |
PLANET HOME LENDING, LLC | $140,000 | n/a | 0.1% | |
Pinnacle Bank - Wyoming | $135,000 | n/a | 0.1% | |
First Guaranty Mortgage Corporation | $125,000 | n/a | 0.1% | |
First Nebraska Bank | $125,000 | n/a | 0.1% | |
LENDINGONE, LLC | $125,000 | n/a | 0.1% | |
Union Bank and Trust Company | $2,400,000 | $100,000 | -95.8% | 0.1% |
AMERICAN FINANCING CORPORATION | $95,000 | n/a | 0.1% | |
CHERRY CREEK MORTGAGE, LLC | $485,000 | $95,000 | -80.4% | 0.1% |
EMBRACE HOME LOANS, INC. | $95,000 | n/a | 0.1% | |
Flagstar Bank, FSB | $95,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $15,000 | $85,000 | 466.7% | 0.1% |
Colonial Savings, F.A. | $85,000 | n/a | 0.1% | |
CIT Bank | $75,000 | n/a | 0.1% | |
Citibank | $85,000 | $75,000 | -11.8% | 0.1% |
CORPORATE AMERICA FAMILY | $65,000 | n/a | 0.1% | |
First State Bank Nebraska | $55,000 | n/a | 0.1% | |
FOUR POINTS | $500,000 | $55,000 | -89.0% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $55,000 | n/a | 0.1% |
Lexington's top lender by overall market share is Home Federal Savings & Loan Association of Grand Island, with 18.5% market share. In second place, with 11.7%, is QUICKEN LOANS, LLC, having originated $12,695,000 in loans. In third place, with 8.4%, is West Gate Bank, having originated $9,120,000 in loans. In fourth place, with 8.0%, is Pinnacle Bank, having originated $8,700,000 in loans. In fifth place, with 6.4%, is First State Bank, having originated $6,960,000 in loans.
Lexington Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Lexington (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | $112,600 (8.1%) | $154,603 (15.0%) | 0.00 | 61 |
2018-03-01 | $132,000 (33.3%) | $171,584 (29.0%) | 0.00 | 62 |
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 (46.5%) | $211,554 (36.8%) | 0.00 | 92 |
2019-03-01 | $166,764 (26.3%) | $213,442 (24.4%) | 0.00 | 91 |
2019-04-01 | $166,139 (7.2%) | $210,217 (20.1%) | 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 (23.1%) | $236,208 (10.7%) | 0.00 | 84 |
2020-04-01 | $213,250 (28.4%) | $241,222 (14.8%) | 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%) | $207,439 (-4.2%) | 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 (19.7%) | 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%) | $349,649 (71.4%) | 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 |
Lexington's median listing price comes in at 0% of the national average.
Lexington's average listing price for 2023-02-01 was $315,003, a difference of $33,984 (12.1%) versus the prior year and $-12,640 versus the prior month.
For the 2023-02-01 period, Lexington had 39 MLS listings, a difference of -10 listings (-20%) versus the prior month and 13 listings (50%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Lexington (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,547 sqft |
2018-02-01 | 0 days | 1,614 sqft |
2018-03-01 | 0 days | 1,824 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 | 1,892 sqft |
2021-01-01 | 0 days | 1,969 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 |
Lexington's median square footage for active listings during the 2023-02-01 period was 1,719 sqft. One year prior, the average listing was 2,006 sqft.
Lexington, NE Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 301 | $47,375,000 | $157,392 |
Refi | 195 | $36,075,000 | $185,000 |
Cash Out Refi | 120 | $18,480,000 | $154,000 |
Home Improvement | 13 | $645,000 | $49,615 |
Other | 12 | $6,230,000 | $519,167 |
Lexington's most frequently cited loan purpose was Home Purchase, with 301 originations. The 2nd most popular reason was Refi, with 195 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 229 | $36,125,000 | $157,751 |
3-4% | 207 | $43,115,000 | $208,285 |
<2.5% | 112 | $16,190,000 | $144,554 |
4-5% | 30 | $5,480,000 | $182,667 |
5-6% | 9 | $685,000 | $76,111 |
6-7% | 3 | $55,000 | $18,333 |
7-8% | 1 | $85,000 | $85,000 |
During 2021, Lexington's most frequently originated rate bucket was 2.5-3%, with 229 originations.
Loan Sizing (Lexington, NE MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 298 | $42,670,000 | $143,188 |
$100,000 or less | 198 | $13,300,000 | $67,172 |
$200k-400k | 127 | $32,155,000 | $253,189 |
$400k-600k | 13 | $5,925,000 | $455,769 |
$Over $1MM | 3 | $13,535,000 | $4,511,667 |
$600k-1000k | 2 | $1,220,000 | $610,000 |
Lexington's loan sizing saw the bucket of loans from $100k-200k with 298 originations, totaling $42,670,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 242 | $39,240,000 | $162,149 |
60-80% | 205 | $47,845,000 | $233,390 |
40-60% | 74 | $8,980,000 | $121,351 |
20-40% | 31 | $2,275,000 | $73,387 |
Under 20% | 22 | $630,000 | $28,636 |
Over 100% | 5 | $1,145,000 | $229,000 |
Lexington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 242 originations, totaling $39,240,000 in origination value.