Liberal Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Liberal averaged 6.68% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

    The average rate for the prior week (2024-04-04) was 7.02% and one month ago for the week of 2024-03-07, the average rate was 6.88%.

    Liberal's average rate one year ago was 6.08%.

    For refis of the same type during the week of 2024-04-11, the average rate was 7.08%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-11 6.88%
    Liberal 30 Year Fixed Rate 2024-04-11 6.68%
    Liberal 30 Year Fixed Rate Refi 2024-04-11 7.08%
    Liberal 15 Year Fixed Rate 2024-04-11 6.26%
    Liberal 15 Year Fixed Rate Refi 2024-04-11 6.76%
    Liberal 30 Year FHA 2024-04-11 6.64%
    Liberal 30 Year FHA Refi 2024-04-11 6.84%
    Liberal 30 Year USDA 2024-04-11 6.81%
    Liberal 30 Year USDA Refi 2024-04-11 6.61%
    Liberal 30 Year VA 2024-04-11 6.57%
    Liberal 30 Year VA Refi 2024-04-11 6.77%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Liberal, KS.

    Liberal 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 Liberal, KS 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
    UNITED WHOLESALE MORTGAGE, LLC 10 6.62% $5,280
    QUICKEN LOANS, LLC 2 7.18% $8,330
    GOLDEN PLAINS 2 6.38% $2,145
    Paramount Residential Mortgage Group, Inc. 2 7.44% $6,780
    FLAT BRANCH MORTGAGE, INC. 1 7.25% $2,699
    FREEDOM MORTGAGE CORPORATION 1 6.50% $4,665
    Landmark National Bank 1 7.00% $2,746
    PENNYMAC LOAN SERVICES, LLC 1 6.13% $6,676
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.63% $4,125
    Sierra Pacific Mortgage Company, Inc. 1 7.50% $3,252
    BOKF 1 6.88% $3,149
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.99% $5,586
    CMG MORTGAGE, INC. 1 6.63% $2,958
    Equity Bank 1 6.49% $4,043
    FIRST COLONY MORTGAGE CORPORATION 1 6.75% $4,632

    Liberal Average Closing Costs & Other Stats

    Liberal, KS's 15 lenders originated 164 loans during 2023. The total origination value was $21,960,000, with an average loan value of $133,902.

    Liberal's average closing costs are $5,863.

    The top Liberal lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 10 loans originated. Their average total fees are $5,280, which is $3,050 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Liberal lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($5,280), .

    The lowest rate Liberal lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.62%), .

    Liberal, KS 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
    Paramount Residential Mortgage Group, Inc. $665,000 $6,175,000 828.6% 28.1%
    CMG MORTGAGE, INC. $9,510,000 $4,945,000 -48.0% 22.5%
    UNITED WHOLESALE MORTGAGE, LLC $2,930,000 $1,960,000 -33.1% 8.9%
    Equity Bank $1,930,000 $1,900,000 -1.6% 8.7%
    GOLDEN PLAINS $2,860,000 $1,775,000 -37.9% 8.1%
    QUICKEN LOANS, LLC $1,215,000 $955,000 -21.4% 4.3%
    FIRST COLONY MORTGAGE CORPORATION $335,000 $800,000 138.8% 3.6%
    Mortgage Research Center, LLC $505,000 $545,000 7.9% 2.5%
    FREEDOM MORTGAGE CORPORATION $465,000 $355,000 -23.7% 1.6%
    LOANDEPOT.COM, LLC $185,000 $320,000 73.0% 1.5%
    FLAT BRANCH MORTGAGE, INC. $165,000 $260,000 57.6% 1.2%
    Mr. Cooper ( Nationstar Mortgage ) $230,000 $255,000 10.9% 1.2%
    ADVANCIAL $205,000 n/a 0.9%
    NEWREZ LLC $200,000 n/a 0.9%
    BROKER SOLUTIONS, INC. $95,000 $185,000 94.7% 0.8%
    American Airlines Federal Credit Union $175,000 n/a 0.8%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $135,000 $175,000 29.6% 0.8%
    PENNYMAC LOAN SERVICES, LLC $165,000 n/a 0.8%
    VANDERBILT MORTGAGE AND FINANCE, INC. $155,000 $165,000 6.5% 0.8%
    Landmark National Bank $155,000 n/a 0.7%
    Coastal Community Bank $90,000 n/a 0.4%
    BOKF $895,000 $85,000 -90.5% 0.4%
    Sierra Pacific Mortgage Company, Inc. $25,000 $55,000 120.0% 0.3%
    Great Plains Federal Credit Un $35,000 n/a 0.2%
    Commerce Bank $25,000 n/a 0.1%

    Liberal's top lender by overall market share is Paramount Residential Mortgage Group, Inc., with 28.1% market share. In second place, with 22.5%, is CMG MORTGAGE, INC., having originated $4,945,000 in loans. In third place, with 8.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $1,960,000 in loans. In fourth place, with 8.7%, is Equity Bank, having originated $1,900,000 in loans. In fifth place, with 8.1%, is GOLDEN PLAINS, having originated $1,775,000 in loans.

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

    Realtor.com - Liberal (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 $119,550 (-12.4%) $140,147 (-12.3%) 0.00 65
    2018-02-01 $126,125 (-8.4%) $148,586 (-8.2%) 0.00 67
    2018-03-01 $125,500 (-14.7%) $146,618 (-11.0%) 0.00 70
    2018-04-01 $131,224 (-6.3%) $147,822 (-8.2%) 0.00 69
    2018-05-01 $141,250 (4.6%) $151,313 (-5.8%) 0.00 75
    2018-06-01 $140,000 (3.7%) $152,228 (-4.3%) 0.00 71
    2018-07-01 $146,563 (13.8%) $154,432 (4.0%) 0.00 72
    2018-08-01 $149,313 (21.9%) $153,831 (8.0%) 0.00 71
    2018-09-01 $139,900 (12.6%) $151,636 (6.6%) 0.00 70
    2018-10-01 $130,000 (5.1%) $146,987 (3.1%) 0.00 74
    2018-11-01 $135,000 (22.2%) $149,677 (12.1%) 0.00 72
    2018-12-01 $134,000 (18.1%) $149,890 (13.6%) 0.00 73
    2019-01-01 $136,250 (14.0%) $146,835 (4.8%) 0.00 67
    2019-02-01 $145,968 (15.7%) $148,907 (0.2%) 0.00 72
    2019-03-01 $149,494 (19.1%) $154,506 (5.4%) 0.00 74
    2019-04-01 $150,499 (14.7%) $158,668 (7.3%) 0.00 71
    2019-05-01 $148,938 (5.4%) $150,985 (-0.2%) 0.00 63
    2019-06-01 $145,000 (3.6%) $153,229 (0.7%) 0.00 69
    2019-07-01 $149,500 (2.0%) $159,143 (3.1%) 0.00 75
    2019-08-01 $147,245 (-1.4%) $160,247 (4.2%) 0.00 72
    2019-09-01 $143,114 (2.3%) $158,581 (4.6%) 0.00 72
    2019-10-01 $139,900 (7.6%) $157,354 (7.1%) 0.00 72
    2019-11-01 $138,000 (2.2%) $156,979 (4.9%) 0.00 72
    2019-12-01 $136,125 (1.6%) $154,373 (3.0%) 0.00 64
    2020-01-01 $134,950 (-1.0%) $151,246 (3.0%) 0.00 61
    2020-02-01 $129,900 (-11.0%) $150,100 (0.8%) 0.00 63
    2020-03-01 $133,975 (-10.4%) $153,104 (-0.9%) 0.00 70
    2020-04-01 $136,500 (-9.3%) $151,241 (-4.7%) 0.00 70
    2020-05-01 $138,000 (-7.3%) $157,768 (4.5%) 0.00 58
    2020-06-01 $150,388 (3.7%) $174,934 (14.2%) 0.00 46
    2020-07-01 $145,225 (-2.9%) $174,015 (9.4%) 0.00 41
    2020-08-01 $145,000 (-1.5%) $189,731 (18.4%) 0.00 35
    2020-09-01 $169,850 (18.7%) $201,112 (26.8%) 0.00 27
    2020-10-01 $170,000 (21.5%) $203,745 (29.5%) 0.00 24
    2020-11-01 $147,725 (7.1%) $195,018 (24.2%) 0.00 24
    2020-12-01 $148,975 (9.4%) $189,037 (22.5%) 0.00 25
    2021-01-01 $144,900 (7.4%) $182,674 (20.8%) 0.00 23
    2021-02-01 $164,950 (27.0%) $186,427 (24.2%) 0.00 17
    2021-03-01 $126,725 (-5.4%) $166,156 (8.5%) 0.00 12
    2021-04-01 $154,750 (13.4%) $184,753 (22.2%) 0.00 12
    2021-05-01 $140,000 (1.5%) $168,262 (6.7%) 0.00 10
    2021-06-01 $135,500 (-9.9%) $161,944 (-7.4%) 0.00 14
    2021-07-01 $141,750 (-2.4%) $157,030 (-9.8%) 0.00 19
    2021-08-01 $137,500 (-5.2%) $146,347 (-22.9%) 0.00 26
    2021-09-01 $139,675 (-17.8%) $150,873 (-25.0%) 0.00 27
    2021-10-01 $132,500 (-22.1%) $155,129 (-23.9%) 0.00 28
    2021-11-01 $132,475 (-10.3%) $164,254 (-15.8%) 0.00 23
    2021-12-01 $135,000 (-9.4%) $173,409 (-8.3%) 0.00 18
    2022-01-01 $140,000 (-3.4%) $186,819 (2.3%) 0.00 12
    2022-02-01 $129,050 (-21.8%) $188,755 (1.3%) 0.00 11
    2022-03-01 $135,975 (7.3%) $153,013 (-7.9%) 0.00 8
    2022-04-01 $143,000 (-7.6%) $176,660 (-4.4%) 0.00 7
    2022-05-01 $170,475 (21.8%) $206,183 (22.5%) 0.00 8
    2022-06-01 $135,750 (0.2%) $174,039 (7.5%) 0.00 11
    2022-07-01 $170,000 (19.9%) $187,618 (19.5%) 0.00 14
    2022-08-01 $168,200 (22.3%) $202,582 (38.4%) 0.00 15
    2022-09-01 $192,500 (37.8%) $225,506 (49.5%) 0.00 11
    2022-10-01 $204,250 (54.2%) $210,843 (35.9%) 0.00 13
    2022-11-01 $190,350 (43.7%) $200,524 (22.1%) 0.00 11
    2022-12-01 $159,000 (17.8%) $194,620 (12.2%) 0.00 18
    2023-01-01 $154,950 (10.7%) $191,221 (2.4%) 0.00 16
    2023-02-01 $174,950 (35.6%) $207,275 (9.8%) 0.00 14
    2023-03-01 $178,500 (31.3%) $203,232 (32.8%) 0.00 18
    2023-04-01 $192,450 (34.6%) $218,439 (23.7%) 0.00 18
    2023-05-01 $210,000 (23.2%) $229,938 (11.5%) 0.00 17
    2023-06-01 $249,950 (84.1%) $247,218 (42.1%) 0.00 13
    2023-07-01 $234,950 (38.2%) $245,806 (31.0%) 0.00 13
    2023-08-01 $220,500 (31.1%) $230,843 (14.0%) 0.00 14
    2023-09-01 $206,500 (7.3%) $228,933 (1.5%) 0.00 19
    2023-10-01 $162,375 (-20.5%) $223,067 (5.8%) 0.00 18
    2023-11-01 $180,925 (-5.0%) $223,005 (11.2%) 0.00 20
    2023-12-01 $179,900 (13.1%) $219,662 (12.9%) 0.00 20
    2024-01-01 $199,875 (29.0%) $227,763 (19.1%) 0.00 18
    2024-02-01 $198,475 (13.5%) $208,932 (0.8%) 0.00 20
    2024-03-01 $150,000 (-16.0%) $200,107 (-1.5%) 0.00 17
    Liberal's median listing price for 2024-03-01 was $150,000, a difference of $-28,500 (-16.0%) versus the prior year and $-48,475 versus the prior month.

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

    Liberal's average listing price for 2024-03-01 was $200,107, a difference of $-3,125 (-1.5%) versus the prior year and $-8,825 versus the prior month.

    For the 2024-03-01 period, Liberal had 17 MLS listings, a difference of -3 listings (-15%) versus the prior month and -1 listings (-6%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Liberal (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,780 sqft
    2018-02-01 0 days 1,824 sqft
    2018-03-01 0 days 1,747 sqft
    2018-04-01 0 days 1,736 sqft
    2018-05-01 0 days 1,844 sqft
    2018-06-01 0 days 1,887 sqft
    2018-07-01 0 days 1,947 sqft
    2018-08-01 0 days 2,058 sqft
    2018-09-01 0 days 1,920 sqft
    2018-10-01 0 days 1,970 sqft
    2018-11-01 0 days 2,070 sqft
    2018-12-01 0 days 2,087 sqft
    2019-01-01 0 days 2,116 sqft
    2019-02-01 0 days 2,170 sqft
    2019-03-01 0 days 2,174 sqft
    2019-04-01 0 days 2,216 sqft
    2019-05-01 0 days 2,131 sqft
    2019-06-01 0 days 2,057 sqft
    2019-07-01 0 days 2,135 sqft
    2019-08-01 0 days 2,159 sqft
    2019-09-01 0 days 2,196 sqft
    2019-10-01 0 days 2,221 sqft
    2019-11-01 0 days 2,126 sqft
    2019-12-01 0 days 2,157 sqft
    2020-01-01 0 days 1,930 sqft
    2020-02-01 0 days 1,839 sqft
    2020-03-01 0 days 1,839 sqft
    2020-04-01 0 days 1,851 sqft
    2020-05-01 0 days 1,897 sqft
    2020-06-01 0 days 2,003 sqft
    2020-07-01 0 days 2,052 sqft
    2020-08-01 0 days 2,034 sqft
    2020-09-01 0 days 2,195 sqft
    2020-10-01 0 days 1,980 sqft
    2020-11-01 0 days 1,963 sqft
    2020-12-01 0 days 1,971 sqft
    2021-01-01 0 days 1,904 sqft
    2021-02-01 0 days 2,310 sqft
    2021-03-01 0 days 1,963 sqft
    2021-04-01 0 days 2,098 sqft
    2021-05-01 0 days 1,857 sqft
    2021-06-01 0 days 1,937 sqft
    2021-07-01 0 days 1,937 sqft
    2021-08-01 0 days 1,835 sqft
    2021-09-01 0 days 1,848 sqft
    2021-10-01 0 days 1,814 sqft
    2021-11-01 0 days 1,805 sqft
    2021-12-01 0 days 1,787 sqft
    2022-01-01 0 days 1,824 sqft
    2022-02-01 0 days 1,865 sqft
    2022-03-01 0 days 1,699 sqft
    2022-04-01 0 days 1,772 sqft
    2022-05-01 0 days 2,042 sqft
    2022-06-01 0 days 1,792 sqft
    2022-07-01 0 days 1,982 sqft
    2022-08-01 0 days 1,892 sqft
    2022-09-01 0 days 2,264 sqft
    2022-10-01 0 days 2,064 sqft
    2022-11-01 0 days 2,441 sqft
    2022-12-01 0 days 1,986 sqft
    2023-01-01 0 days 1,683 sqft
    2023-02-01 0 days 1,919 sqft
    2023-03-01 0 days 1,830 sqft
    2023-04-01 0 days 2,064 sqft
    2023-05-01 0 days 2,020 sqft
    2023-06-01 0 days 2,495 sqft
    2023-07-01 0 days 2,477 sqft
    2023-08-01 0 days 2,453 sqft
    2023-09-01 0 days 2,241 sqft
    2023-10-01 0 days 1,981 sqft
    2023-11-01 0 days 1,637 sqft
    2023-12-01 0 days 1,811 sqft
    2024-01-01 0 days 1,881 sqft
    2024-02-01 0 days 1,943 sqft
    2024-03-01 0 days 1,768 sqft
    Liberal's median listing age (time on market) for 2024-03-01 was 0 days.

    Liberal's median square footage for active listings during the 2024-03-01 period was 1,768 sqft. One year prior, the average listing was 1,830 sqft.

    Liberal, KS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 112 $17,440,000 $155,714
    Cash Out Refi 28 $2,600,000 $92,857
    Home Improvement 10 $310,000 $31,000
    Refi 8 $1,010,000 $126,250
    Other 6 $600,000 $100,000

    Liberal's most frequently cited loan purpose was Home Purchase, with 112 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 61 $9,465,000 $155,164
    7-8% 42 $4,840,000 $115,238
    5-6% 35 $5,435,000 $155,286
    Over 8% 22 $1,640,000 $74,545
    <2.5% 2 $40,000 $20,000
    4-5% 2 $540,000 $270,000

    During 2023, Liberal's most frequently originated rate bucket was 6-7%, with 61 originations.

    Loan Sizing (Liberal, KS MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 72 $10,570,000 $146,806
    $100,000 or less 60 $3,320,000 $55,333
    $200k-400k 30 $7,150,000 $238,333
    $400k-600k 2 $920,000 $460,000

    Liberal's loan sizing saw the bucket of loans from $100k-200k with 72 originations, totaling $10,570,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 102 $16,670,000 $163,431
    60-80% 20 $2,950,000 $147,500
    40-60% 16 $1,220,000 $76,250
    20-40% 15 $745,000 $49,667
    Under 20% 10 $210,000 $21,000
    Over 100% 1 $165,000 $165,000

    Liberal's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 102 originations, totaling $16,670,000 in origination value.