London Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in London averaged
7.27%
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
7.3% and
one month ago for the week of 2023-02-09, the
average rate was 6.79%.
London's average rate one year ago was 4.12%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.92%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
London 30 Year Fixed Rate | 2023-03-16 | 7.27% |
London 30 Year Fixed Rate Refi | 2023-03-16 | 6.92% |
London 15 Year Fixed Rate | 2023-03-16 | 6.82% |
London 15 Year Fixed Rate Refi | 2023-03-16 | 6.18% |
London 30 Year FHA | 2023-03-16 | 6.76% |
London 30 Year FHA Refi | 2023-03-16 | 6.33% |
London 30 Year USDA | 2023-03-16 | 6.73% |
London 30 Year USDA Refi | 2023-03-16 | 6.49% |
London 30 Year VA | 2023-03-16 | 6.53% |
London 30 Year VA Refi | 2023-03-16 | 6.3% |
London 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 London, KY 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.).
London Average Closing Costs & Other Stats
London, KY's 92 lenders originated 2,954
loans during 2021. The total origination value was $433,000,000, with an average loan value of
$146,581.
London's average closing costs are $3,793.
The top London lender as defined by loan originations is L & N Federal Credit Union, with
213 loans originated. Their average total fees are
$2,000, which is $2,369
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee London lenders (with over 10 loans originated) are
Commercial Bank ($1,662), Forcht Bank ($1,696), L & N Federal Credit Union ($2,000), Community Trust Bank, Inc. ($2,508) and Citizens Bank ($2,665).
The lowest rate London lenders (with over 10 loans originated) are
Citizens Bank (2.88%), Community Trust Bank, Inc. (3.10%), UNITED WHOLESALE MORTGAGE, LLC (3.10%), POLARIS HOME FUNDING CORP. (3.13%) and Republic State Mortgage Co. (3.17%).
London, KY 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 |
---|---|---|---|---|
L & N Federal Credit Union | $70,850,000 | $46,620,000 | -34.2% | 10.8% |
QUICKEN LOANS, LLC | $35,405,000 | $39,450,000 | 11.4% | 9.1% |
First Option Mortgage, LLC | $7,150,000 | $37,185,000 | 420.1% | 8.6% |
Community Trust Bank, Inc. | $39,230,000 | $36,280,000 | -7.5% | 8.4% |
POLARIS HOME FUNDING CORP. | $17,820,000 | $26,200,000 | 47.0% | 6.1% |
Cumberland Valley National Bank & Trust Company | $21,245,000 | $16,650,000 | -21.6% | 3.8% |
Forcht Bank | $21,520,000 | $14,865,000 | -30.9% | 3.4% |
Republic State Mortgage Co. | $14,430,000 | $14,180,000 | -1.7% | 3.3% |
Commercial Bank | $10,470,000 | $11,525,000 | 10.1% | 2.7% |
PNC Bank | $9,920,000 | $11,220,000 | 13.1% | 2.6% |
UNITED WHOLESALE MORTGAGE, LLC | $6,155,000 | $10,805,000 | 75.5% | 2.5% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $16,020,000 | $10,695,000 | -33.2% | 2.5% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $9,015,000 | $9,680,000 | 7.4% | 2.2% |
FREEDOM MORTGAGE CORPORATION | $11,800,000 | $9,450,000 | -19.9% | 2.2% |
First State Bank of the Southeast, Inc. | $8,000,000 | $7,640,000 | -4.5% | 1.8% |
PENNYMAC LOAN SERVICES, LLC | $2,120,000 | $7,385,000 | 248.3% | 1.7% |
21ST MORTGAGE CORPORATION | $7,060,000 | $7,055,000 | -0.1% | 1.6% |
Mortgage Research Center, LLC | $5,000,000 | $5,635,000 | 12.7% | 1.3% |
AMERISAVE MORTGAGE CORPORATION | $4,155,000 | $4,670,000 | 12.4% | 1.1% |
TOP FLITE FINANCIAL, INC. | $5,575,000 | $4,050,000 | -27.4% | 0.9% |
LOANDEPOT.COM, LLC | $1,320,000 | $3,890,000 | 194.7% | 0.9% |
Citizens Bank | $985,000 | $3,880,000 | 293.9% | 0.9% |
Wells Fargo Bank | $1,435,000 | $3,595,000 | 150.5% | 0.8% |
SOUTHPOINT FINANCIAL SERVICES, INC. | $2,695,000 | $3,270,000 | 21.3% | 0.8% |
USAA Federal Savings Bank | $3,325,000 | $2,840,000 | -14.6% | 0.7% |
NEWREZ LLC | $1,470,000 | $2,625,000 | 78.6% | 0.6% |
Mr. Cooper ( Nationstar Mortgage ) | $4,495,000 | $2,450,000 | -45.5% | 0.6% |
HOME POINT FINANCIAL CORPORATION | $1,845,000 | $2,335,000 | 26.6% | 0.5% |
CRESCENT MORTGAGE COMPANY | $2,560,000 | $2,285,000 | -10.7% | 0.5% |
Bank of England | $8,685,000 | $2,220,000 | -74.4% | 0.5% |
The Huntington National Bank | $930,000 | $2,185,000 | 134.9% | 0.5% |
Carrington Mortgage Services, LLC | $1,665,000 | $2,125,000 | 27.6% | 0.5% |
Fifth Third Bank | $1,500,000 | $1,845,000 | 23.0% | 0.4% |
JPMorgan Chase Bank | $865,000 | $1,785,000 | 106.4% | 0.4% |
Farm Credit Mid-America, ACA | $2,810,000 | $1,750,000 | -37.7% | 0.4% |
CREDIT HUMAN FEDERAL CREDIT UNION | $545,000 | $1,695,000 | 211.0% | 0.4% |
STOCKTON MORTGAGE CORPORATION | $7,205,000 | $1,630,000 | -77.4% | 0.4% |
Truist Bank | $2,960,000 | $1,615,000 | -45.4% | 0.4% |
U.S. Bank | $2,870,000 | $1,585,000 | -44.8% | 0.4% |
BROKER SOLUTIONS, INC. | $455,000 | $1,545,000 | 239.6% | 0.4% |
CALIBER HOME LOANS, INC. | $540,000 | $1,495,000 | 176.9% | 0.3% |
MORTGAGE SUPPLIERS, INC. | $2,440,000 | $1,465,000 | -40.0% | 0.3% |
NAVY FEDERAL CREDIT UNION | $1,680,000 | $1,430,000 | -14.9% | 0.3% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,665,000 | $1,405,000 | -15.6% | 0.3% |
LAKEVIEW LOAN SERVICING, LLC | $1,115,000 | $1,395,000 | 25.1% | 0.3% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,325,000 | $1,330,000 | 0.4% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $245,000 | $1,300,000 | 430.6% | 0.3% |
COMMONWEALTH | $1,985,000 | $1,220,000 | -38.5% | 0.3% |
CHURCHILL MORTGAGE CORPORATION | $430,000 | $1,190,000 | 176.7% | 0.3% |
MOVEMENT MORTGAGE, LLC | $230,000 | $1,175,000 | 410.9% | 0.3% |
Renasant Bank | $4,230,000 | $1,125,000 | -73.4% | 0.3% |
VILLAGE CAPITAL & INVESTMENT LLC | $1,015,000 | $1,065,000 | 4.9% | 0.2% |
Whitaker Bank | $695,000 | $1,060,000 | 52.5% | 0.2% |
MORTGAGE INVESTORS GROUP, INC. | $475,000 | $965,000 | 103.2% | 0.2% |
BETTER MORTGAGE CORPORATION | $560,000 | $955,000 | 70.5% | 0.2% |
Central Bank & Trust Company | $310,000 | $935,000 | 201.6% | 0.2% |
FirstBank | $350,000 | $920,000 | 162.9% | 0.2% |
AMERICAN FINANCIAL RESOURCES, INC. | $1,520,000 | $910,000 | -40.1% | 0.2% |
AmeriHome Mortgage Company, LLC | $215,000 | $900,000 | 318.6% | 0.2% |
NEW DAY FINANCIAL, LLC | $545,000 | $875,000 | 60.6% | 0.2% |
Amalgamated Bank | $785,000 | n/a | 0.2% | |
Paramount Residential Mortgage Group, Inc. | $765,000 | n/a | 0.2% | |
SUN WEST MORTGAGE COMPANY, INC. | $450,000 | $760,000 | 68.9% | 0.2% |
HOMESIDE FINANCIAL, LLC | $460,000 | $720,000 | 56.5% | 0.2% |
Bank of America | $545,000 | $710,000 | 30.3% | 0.2% |
Nations Lending Corporation | $615,000 | $705,000 | 14.6% | 0.2% |
Barrington Bank & Trust Company, N.A. | $655,000 | $665,000 | 1.5% | 0.2% |
PARK COMMUNITY CREDIT UNION, INC. | $310,000 | $640,000 | 106.5% | 0.1% |
Sierra Pacific Mortgage Company, Inc. | $625,000 | n/a | 0.1% | |
SOFI LENDING CORP. | $400,000 | $600,000 | 50.0% | 0.1% |
RELIANCE FIRST CAPITAL, LLC | $590,000 | n/a | 0.1% | |
GUARANTY HOME MORTGAGE CORPORATION | $315,000 | $545,000 | 73.0% | 0.1% |
Flagstar Bank, FSB | $1,515,000 | $540,000 | -64.4% | 0.1% |
AMERICAN MORTGAGE SERVICE COMPANY | $960,000 | $535,000 | -44.3% | 0.1% |
GUARANTEED RATE AFFINITY, LLC | $535,000 | n/a | 0.1% | |
DAS Acquisition Company, LLC | $85,000 | $520,000 | 511.8% | 0.1% |
AMERIFIRST FINANCIAL CORPORATION | $660,000 | $505,000 | -23.5% | 0.1% |
GENEVA FINANCIAL, LLC | $125,000 | $500,000 | 300.0% | 0.1% |
The Federal Savings Bank | $360,000 | $480,000 | 33.3% | 0.1% |
Home Federal Bank Corporation | $640,000 | $465,000 | -27.3% | 0.1% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $320,000 | $460,000 | 43.8% | 0.1% |
The Monticello Banking Company | $630,000 | $445,000 | -29.4% | 0.1% |
First Volunteer Bank | $445,000 | $440,000 | -1.1% | 0.1% |
SWBC MORTGAGE CORPORATION | $440,000 | n/a | 0.1% | |
The Citizens National Bank of Somerset | $1,175,000 | $425,000 | -63.8% | 0.1% |
LENDUS, LLC | $405,000 | n/a | 0.1% | |
UIF CORPORATION | $405,000 | n/a | 0.1% | |
Ally Bank | $105,000 | $400,000 | 281.0% | 0.1% |
BAY EQUITY LLC | $400,000 | n/a | 0.1% | |
Peoples Bank | $115,000 | $400,000 | 247.8% | 0.1% |
Hometown Lenders, Inc. | $680,000 | $370,000 | -45.6% | 0.1% |
PLAZA HOME MORTGAGE, INC. | $220,000 | $365,000 | 65.9% | 0.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $345,000 | n/a | 0.1% | |
HAMILTON HOME LOANS, INC. | $340,000 | n/a | 0.1% | |
SOUTHWEST STAGE FUNDING, LLC | $535,000 | $330,000 | -38.3% | 0.1% |
ENVOY MORTGAGE, LTD | $1,255,000 | $325,000 | -74.1% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $1,025,000 | $325,000 | -68.3% | 0.1% |
Lakeview Community Capital, LLC | $315,000 | n/a | 0.1% | |
BAYSHORE MORTGAGE FUNDING, LLC | $305,000 | n/a | 0.1% | |
First Financial Bank | $305,000 | n/a | 0.1% | |
First Southern National Bank | $305,000 | n/a | 0.1% | |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $300,000 | n/a | 0.1% | |
HOMESTEAD FUNDING CORP. | $295,000 | n/a | 0.1% | |
UNIVERSITY OF KENTUCKY | $850,000 | $295,000 | -65.3% | 0.1% |
Strong Home Mortgage, LLC | $285,000 | n/a | 0.1% | |
The First National Bank of Oneida | $285,000 | n/a | 0.1% | |
Traditional Bank, Inc. | $275,000 | n/a | 0.1% | |
JAMES B. NUTTER & COMPANY | $185,000 | $265,000 | 43.2% | 0.1% |
NP, Inc. | $265,000 | n/a | 0.1% | |
Colten Mortgage, LLC | $260,000 | n/a | 0.1% | |
Armed Forces Bank | $255,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $95,000 | $255,000 | 168.4% | 0.1% |
FINANCE OF AMERICA MORTGAGE LLC | $1,095,000 | $250,000 | -77.2% | 0.1% |
121 FINANCIAL | $245,000 | n/a | 0.1% | |
Prosperity Home Mortgage, LLC | $245,000 | n/a | 0.1% | |
Union Savings Bank | $245,000 | $245,000 | 0.0% | 0.1% |
First Guaranty Mortgage Corporation | $415,000 | $240,000 | -42.2% | 0.1% |
CITIZENS EQUITY FIRST | $25,000 | $235,000 | 840.0% | 0.1% |
Republic Bank & Trust Company | $190,000 | $225,000 | 18.4% | 0.1% |
AMERICAN FINANCIAL NETWORK, INC. | $215,000 | n/a | 0.0% | |
AMERICAN INTERNET MORTGAGE, INC. | $325,000 | $205,000 | -36.9% | 0.0% |
CMG MORTGAGE, INC. | $125,000 | $205,000 | 64.0% | 0.0% |
State Department Federal Credit Union | $205,000 | n/a | 0.0% | |
The Home Loan Expert LLC | $205,000 | n/a | 0.0% | |
AMCAP MORTGAGE, LTD. | $145,000 | $195,000 | 34.5% | 0.0% |
CSL Financial, LLC | $510,000 | $195,000 | -61.8% | 0.0% |
First Citizens National Bank | $195,000 | n/a | 0.0% | |
DUPACO COMMUNITY | $185,000 | n/a | 0.0% | |
Legends Bank | $185,000 | n/a | 0.0% | |
SOVEREIGN LENDING GROUP INCORPORATED | $175,000 | $185,000 | 5.7% | 0.0% |
Colonial Savings, F.A. | $205,000 | $175,000 | -14.6% | 0.0% |
Evolve Bank & Trust | $175,000 | n/a | 0.0% | |
First Federal Bank | $185,000 | $175,000 | -5.4% | 0.0% |
Discover Bank | $170,000 | n/a | 0.0% | |
SOUTH CENTRAL BANK, INC. | $170,000 | n/a | 0.0% | |
EVERETT FINANCIAL, INC. | $195,000 | $165,000 | -15.4% | 0.0% |
NATIONS RELIABLE LENDING, LLC | $165,000 | n/a | 0.0% | |
RUOFF MORTGAGE COMPANY, INC. | $370,000 | $165,000 | -55.4% | 0.0% |
LEADERONE FINANCIAL CORPORATION | $155,000 | n/a | 0.0% | |
Low VA Rates, LLC | $155,000 | n/a | 0.0% | |
PHH Mortgage Corporation | $95,000 | $155,000 | 63.2% | 0.0% |
Citibank | $150,000 | n/a | 0.0% | |
A Mortgage Boutique, LLC | $175,000 | $135,000 | -22.9% | 0.0% |
ARC HOME LLC | $135,000 | n/a | 0.0% | |
Wilson & Muir Bank & Trust Company | $135,000 | n/a | 0.0% | |
Manufacturers and Traders Trust Company | $125,000 | n/a | 0.0% | |
PLANET HOME LENDING, LLC | $340,000 | $125,000 | -63.2% | 0.0% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $235,000 | $125,000 | -46.8% | 0.0% |
RBC Bank, (Georgia) | $125,000 | n/a | 0.0% | |
UNION HOME MORTGAGE CORP. | $125,000 | n/a | 0.0% | |
Guardian Savings Bank, A Federal Savings Bank | $645,000 | $115,000 | -82.2% | 0.0% |
JUSTICE Federal Credit Union | $115,000 | n/a | 0.0% | |
PROVIDENT FUNDING ASSOCIATES, L.P. | $300,000 | $115,000 | -61.7% | 0.0% |
CROSSCOUNTRY MORTGAGE, LLC | $300,000 | $105,000 | -65.0% | 0.0% |
FEDEX EMPLOYEES CREDIT ASSOCIATION | $105,000 | n/a | 0.0% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $105,000 | n/a | 0.0% | |
HOMESTAR FINANCIAL CORPORATION | $105,000 | n/a | 0.0% | |
Appalachian Community Federal Credit Union | $95,000 | n/a | 0.0% | |
RAPID MORTGAGE COMPANY | $95,000 | n/a | 0.0% | |
Western Ohio Mortgage Corporation | $115,000 | $85,000 | -26.1% | 0.0% |
Arvest Bank | $155,000 | $75,000 | -51.6% | 0.0% |
TRIAD FINANCIAL SERVICES, INC. | $45,000 | $75,000 | 66.7% | 0.0% |
KS StateBank | $65,000 | n/a | 0.0% | |
Regions Bank | $65,000 | n/a | 0.0% | |
Stock Yards Bank & Trust Company | $55,000 | $65,000 | 18.2% | 0.0% |
AMERICAN FINANCING CORPORATION | $55,000 | n/a | 0.0% | |
Centier Bank | $150,000 | $45,000 | -70.0% | 0.0% |
Reliant Bank | $795,000 | $35,000 | -95.6% | 0.0% |
SPRING EQ, LLC | $105,000 | $35,000 | -66.7% | 0.0% |
London's top lender by overall market share is L & N Federal Credit Union, with 10.8% market share. In second place, with 9.1%, is QUICKEN LOANS, LLC, having originated $39,450,000 in loans. In third place, with 8.6%, is First Option Mortgage, LLC, having originated $37,185,000 in loans. In fourth place, with 8.4%, is Community Trust Bank, Inc., having originated $36,280,000 in loans. In fifth place, with 6.1%, is POLARIS HOME FUNDING CORP., having originated $26,200,000 in loans.
London Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - London (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 | $147,725 (5.5%) | $186,077 (-1.3%) | 0.00 | 364 |
2018-02-01 | $146,475 (4.7%) | $189,005 (0.1%) | 0.00 | 358 |
2018-03-01 | $154,900 (8.3%) | $195,891 (1.0%) | 0.00 | 350 |
2018-04-01 | $159,000 (10.0%) | $197,336 (-1.8%) | 0.00 | 348 |
2018-05-01 | $159,250 (6.3%) | $204,221 (1.3%) | 0.00 | 359 |
2018-06-01 | $159,900 (5.9%) | $206,199 (-1.4%) | 0.00 | 377 |
2018-07-01 | $159,925 (4.5%) | $206,451 (1.1%) | 0.00 | 382 |
2018-08-01 | $162,450 (8.4%) | $205,031 (4.4%) | 0.00 | 373 |
2018-09-01 | $159,900 (6.7%) | $200,526 (1.1%) | 0.00 | 375 |
2018-10-01 | $159,900 (6.6%) | $198,519 (1.9%) | 0.00 | 382 |
2018-11-01 | $159,900 (6.6%) | $194,745 (0.8%) | 0.00 | 381 |
2018-12-01 | $159,900 (6.7%) | $191,435 (-0.4%) | 0.00 | 341 |
2019-01-01 | $161,975 (9.7%) | $192,305 (3.4%) | 0.00 | 314 |
2019-02-01 | $164,925 (12.6%) | $195,312 (3.3%) | 0.00 | 319 |
2019-03-01 | $168,214 (8.6%) | $199,804 (2.0%) | 0.00 | 312 |
2019-04-01 | $168,464 (6.0%) | $201,271 (2.0%) | 0.00 | 307 |
2019-05-01 | $169,975 (6.7%) | $204,026 (-0.1%) | 0.00 | 307 |
2019-06-01 | $169,900 (6.3%) | $207,912 (0.8%) | 0.00 | 326 |
2019-07-01 | $169,450 (6.0%) | $203,192 (-1.6%) | 0.00 | 343 |
2019-08-01 | $169,900 (4.6%) | $202,308 (-1.3%) | 0.00 | 335 |
2019-09-01 | $169,900 (6.3%) | $199,381 (-0.6%) | 0.00 | 338 |
2019-10-01 | $169,900 (6.3%) | $198,180 (-0.2%) | 0.00 | 338 |
2019-11-01 | $169,900 (6.3%) | $202,075 (3.8%) | 0.00 | 326 |
2019-12-01 | $169,900 (6.3%) | $200,602 (4.8%) | 0.00 | 311 |
2020-01-01 | $167,000 (3.1%) | $200,414 (4.2%) | 0.00 | 282 |
2020-02-01 | $169,450 (2.7%) | $208,752 (6.9%) | 0.00 | 260 |
2020-03-01 | $170,900 (1.6%) | $211,701 (6.0%) | 0.00 | 226 |
2020-04-01 | $172,400 (2.3%) | $210,376 (4.5%) | 0.00 | 217 |
2020-05-01 | $189,900 (11.7%) | $225,155 (10.4%) | 0.00 | 193 |
2020-06-01 | $199,450 (17.4%) | $231,790 (11.5%) | 0.00 | 182 |
2020-07-01 | $202,475 (19.5%) | $237,344 (16.8%) | 0.00 | 173 |
2020-08-01 | $200,000 (17.7%) | $237,585 (17.4%) | 0.00 | 175 |
2020-09-01 | $199,900 (17.7%) | $238,228 (19.5%) | 0.00 | 178 |
2020-10-01 | $189,900 (11.8%) | $227,376 (14.7%) | 0.00 | 171 |
2020-11-01 | $189,900 (11.8%) | $225,011 (11.4%) | 0.00 | 154 |
2020-12-01 | $186,825 (10.0%) | $223,679 (11.5%) | 0.00 | 143 |
2021-01-01 | $179,500 (7.5%) | $219,988 (9.8%) | 0.00 | 123 |
2021-02-01 | $181,825 (7.3%) | $221,433 (6.1%) | 0.00 | 102 |
2021-03-01 | $184,000 (7.7%) | $221,169 (4.5%) | 0.00 | 103 |
2021-04-01 | $187,325 (8.7%) | $243,392 (15.7%) | 0.00 | 92 |
2021-05-01 | $199,111 (4.9%) | $245,392 (9.0%) | 0.00 | 104 |
2021-06-01 | $212,175 (6.4%) | $262,998 (13.5%) | 0.00 | 130 |
2021-07-01 | $209,000 (3.2%) | $264,802 (11.6%) | 0.00 | 145 |
2021-08-01 | $216,000 (8.0%) | $267,264 (12.5%) | 0.00 | 161 |
2021-09-01 | $224,675 (12.4%) | $273,409 (14.8%) | 0.00 | 169 |
2021-10-01 | $229,450 (20.8%) | $287,946 (26.6%) | 0.00 | 164 |
2021-11-01 | $237,500 (25.1%) | $298,392 (32.6%) | 0.00 | 155 |
2021-12-01 | $227,000 (21.5%) | $277,516 (24.1%) | 0.00 | 137 |
2022-01-01 | $225,000 (25.4%) | $269,191 (22.4%) | 0.00 | 122 |
2022-02-01 | $217,000 (19.4%) | $260,859 (17.8%) | 0.00 | 115 |
2022-03-01 | $225,875 (22.8%) | $257,331 (16.4%) | 0.00 | 103 |
2022-04-01 | $235,000 (25.5%) | $277,132 (13.9%) | 0.00 | 125 |
2022-05-01 | $238,500 (19.8%) | $290,306 (18.3%) | 0.00 | 186 |
2022-06-01 | $249,450 (17.6%) | $286,237 (8.8%) | 0.00 | 205 |
2022-07-01 | $259,000 (23.9%) | $284,865 (7.6%) | 0.00 | 235 |
2022-08-01 | $249,950 (15.7%) | $285,607 (6.9%) | 0.00 | 250 |
2022-09-01 | $250,975 (11.7%) | $288,277 (5.4%) | 0.00 | 238 |
2022-10-01 | $249,450 (8.7%) | $283,806 (-1.4%) | 0.00 | 248 |
2022-11-01 | $249,900 (5.2%) | $277,634 (-7.0%) | 0.00 | 248 |
2022-12-01 | $239,900 (5.7%) | $270,666 (-2.5%) | 0.00 | 220 |
2023-01-01 | $245,000 (8.9%) | $285,498 (6.1%) | 0.00 | 203 |
2023-02-01 | $246,225 (13.5%) | $295,729 (13.4%) | 0.00 | 192 |
London's median listing price comes in at 0% of the national average.
London's average listing price for 2023-02-01 was $295,729, a difference of $34,870 (13.4%) versus the prior year and $10,231 versus the prior month.
For the 2023-02-01 period, London had 192 MLS listings, a difference of -11 listings (-5%) versus the prior month and 77 listings (67%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - London (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,781 sqft |
2018-02-01 | 0 days | 1,743 sqft |
2018-03-01 | 0 days | 1,794 sqft |
2018-04-01 | 0 days | 1,799 sqft |
2018-05-01 | 0 days | 1,800 sqft |
2018-06-01 | 0 days | 1,800 sqft |
2018-07-01 | 0 days | 1,879 sqft |
2018-08-01 | 0 days | 1,926 sqft |
2018-09-01 | 0 days | 1,900 sqft |
2018-10-01 | 0 days | 1,855 sqft |
2018-11-01 | 0 days | 1,850 sqft |
2018-12-01 | 0 days | 1,823 sqft |
2019-01-01 | 0 days | 1,845 sqft |
2019-02-01 | 0 days | 1,866 sqft |
2019-03-01 | 0 days | 1,844 sqft |
2019-04-01 | 0 days | 1,858 sqft |
2019-05-01 | 0 days | 1,900 sqft |
2019-06-01 | 0 days | 1,910 sqft |
2019-07-01 | 0 days | 1,841 sqft |
2019-08-01 | 0 days | 1,874 sqft |
2019-09-01 | 0 days | 1,853 sqft |
2019-10-01 | 0 days | 1,864 sqft |
2019-11-01 | 0 days | 1,850 sqft |
2019-12-01 | 0 days | 1,900 sqft |
2020-01-01 | 0 days | 1,854 sqft |
2020-02-01 | 0 days | 1,800 sqft |
2020-03-01 | 0 days | 1,871 sqft |
2020-04-01 | 0 days | 1,790 sqft |
2020-05-01 | 0 days | 1,882 sqft |
2020-06-01 | 0 days | 1,962 sqft |
2020-07-01 | 0 days | 2,037 sqft |
2020-08-01 | 0 days | 2,064 sqft |
2020-09-01 | 0 days | 2,058 sqft |
2020-10-01 | 0 days | 1,914 sqft |
2020-11-01 | 0 days | 1,941 sqft |
2020-12-01 | 0 days | 1,849 sqft |
2021-01-01 | 0 days | 1,849 sqft |
2021-02-01 | 0 days | 1,817 sqft |
2021-03-01 | 0 days | 1,752 sqft |
2021-04-01 | 0 days | 1,811 sqft |
2021-05-01 | 0 days | 1,754 sqft |
2021-06-01 | 0 days | 1,837 sqft |
2021-07-01 | 0 days | 1,890 sqft |
2021-08-01 | 0 days | 1,936 sqft |
2021-09-01 | 0 days | 1,910 sqft |
2021-10-01 | 0 days | 1,947 sqft |
2021-11-01 | 0 days | 1,945 sqft |
2021-12-01 | 0 days | 1,769 sqft |
2022-01-01 | 0 days | 1,695 sqft |
2022-02-01 | 0 days | 1,685 sqft |
2022-03-01 | 0 days | 1,685 sqft |
2022-04-01 | 0 days | 1,729 sqft |
2022-05-01 | 0 days | 1,756 sqft |
2022-06-01 | 0 days | 1,795 sqft |
2022-07-01 | 0 days | 1,817 sqft |
2022-08-01 | 0 days | 1,850 sqft |
2022-09-01 | 0 days | 1,882 sqft |
2022-10-01 | 0 days | 1,890 sqft |
2022-11-01 | 0 days | 1,816 sqft |
2022-12-01 | 0 days | 1,750 sqft |
2023-01-01 | 0 days | 1,744 sqft |
2023-02-01 | 0 days | 1,700 sqft |
London's median square footage for active listings during the 2023-02-01 period was 1,700 sqft. One year prior, the average listing was 1,685 sqft.
London, KY Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 1,469 | $232,835,000 | $158,499 |
Refi | 933 | $131,035,000 | $140,445 |
Cash Out Refi | 390 | $57,380,000 | $147,128 |
Home Improvement | 91 | $5,385,000 | $59,176 |
Other | 71 | $6,365,000 | $89,648 |
London's most frequently cited loan purpose was Home Purchase, with 1,469 originations. The 2nd most popular reason was Refi, with 933 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 1,164 | $177,920,000 | $152,852 |
2.5-3% | 811 | $132,075,000 | $162,855 |
<2.5% | 292 | $50,370,000 | $172,500 |
4-5% | 268 | $24,800,000 | $92,537 |
Over 8% | 98 | $7,190,000 | $73,367 |
6-7% | 73 | $6,985,000 | $95,685 |
5-6% | 52 | $3,590,000 | $69,038 |
7-8% | 50 | $4,350,000 | $87,000 |
During 2021, London's most frequently originated rate bucket was 3-4%, with 1,164 originations.
Loan Sizing (London, KY MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 1,421 | $204,705,000 | $144,057 |
$100,000 or less | 938 | $60,280,000 | $64,264 |
$200k-400k | 543 | $140,705,000 | $259,125 |
$400k-600k | 44 | $21,510,000 | $488,864 |
$600k-1000k | 8 | $5,800,000 | $725,000 |
London's loan sizing saw the bucket of loans from $100k-200k with 1,421 originations, totaling $204,705,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 1,343 | $221,515,000 | $164,940 |
60-80% | 762 | $114,970,000 | $150,879 |
40-60% | 279 | $32,505,000 | $116,505 |
20-40% | 183 | $13,095,000 | $71,557 |
Under 20% | 104 | $3,030,000 | $29,135 |
Over 100% | 52 | $8,980,000 | $172,692 |
London's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,343 originations, totaling $221,515,000 in origination value.