London Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in London averaged
7.19%
for the week of 2023-11-22, compared to the national average of
7.29% for the same period.
The average rate for the prior week (2023-11-16) was
7.44% and
one month ago for the week of 2023-10-19, the
average rate was 7.63%.
London's average rate one year ago was 6.31%.
For refis of the same type during the week of 2023-11-22, the average rate
was 6.38%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
London 30 Year Fixed Rate | 2023-11-22 | 7.19% |
London 30 Year Fixed Rate Refi | 2023-11-22 | 6.38% |
London 15 Year Fixed Rate | 2023-11-22 | 6.87% |
London 15 Year Fixed Rate Refi | 2023-11-22 | 7.27% |
London 30 Year FHA | 2023-11-22 | -0.45% |
London 30 Year FHA Refi | 2023-11-22 | 0.2% |
London 30 Year USDA | 2023-11-22 | -0.09% |
London 30 Year USDA Refi | 2023-11-22 | 0% |
London 30 Year VA | 2023-11-22 | -0.33% |
London 30 Year VA Refi | 2023-11-22 | 0% |
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 81 lenders originated 2,197
loans during 2022. The total origination value was $331,135,000, with an average loan value of
$150,721.
London's average closing costs are $4,054.
The top London lender as defined by loan originations is L & N Federal Credit Union, with
117 loans originated. Their average total fees are
$2,203, which is $3,250
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee London lenders (with over 10 loans originated) are
Commercial Bank ($1,810), Forcht Bank ($1,826), Community Trust Bank, Inc. ($2,188), L & N Federal Credit Union ($2,203) and STOCKTON MORTGAGE CORPORATION ($4,099).
The lowest rate London lenders (with over 10 loans originated) are
AMERISAVE MORTGAGE CORPORATION (4.05%), Forcht Bank (4.24%), Commercial Bank (4.61%), STOCKTON MORTGAGE CORPORATION (4.80%) and POLARIS HOME FUNDING CORP. (4.90%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Community Trust Bank, Inc. | $36,280,000 | $30,765,000 | -15.2% | 9.3% |
L & N Federal Credit Union | $46,620,000 | $29,245,000 | -37.3% | 8.8% |
QUICKEN LOANS, LLC | $39,450,000 | $26,025,000 | -34.0% | 7.9% |
POLARIS HOME FUNDING CORP. | $26,200,000 | $16,100,000 | -38.5% | 4.9% |
UNITED WHOLESALE MORTGAGE, LLC | $10,805,000 | $15,200,000 | 40.7% | 4.6% |
PNC Bank | $11,220,000 | $13,910,000 | 24.0% | 4.2% |
Forcht Bank | $14,865,000 | $13,890,000 | -6.6% | 4.2% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $9,680,000 | $11,600,000 | 19.8% | 3.5% |
Commercial Bank | $11,525,000 | $10,580,000 | -8.2% | 3.2% |
STOCKTON MORTGAGE CORPORATION | $1,630,000 | $10,450,000 | 541.1% | 3.2% |
First Option Mortgage, LLC | $37,185,000 | $9,265,000 | -75.1% | 2.8% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $10,695,000 | $9,200,000 | -14.0% | 2.8% |
Mortgage Research Center, LLC | $5,635,000 | $8,340,000 | 48.0% | 2.5% |
Cumberland Valley National Bank & Trust Company | $16,650,000 | $8,090,000 | -51.4% | 2.4% |
First State Bank of the Southeast, Inc. | $7,640,000 | $7,315,000 | -4.3% | 2.2% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,330,000 | $7,090,000 | 433.1% | 2.1% |
21ST MORTGAGE CORPORATION | $7,055,000 | $4,535,000 | -35.7% | 1.4% |
AMERISAVE MORTGAGE CORPORATION | $4,670,000 | $4,435,000 | -5.0% | 1.3% |
Republic State Mortgage Co. | $14,180,000 | $3,620,000 | -74.5% | 1.1% |
TOP FLITE FINANCIAL, INC. | $4,050,000 | $3,515,000 | -13.2% | 1.1% |
U.S. Bank | $1,585,000 | $3,445,000 | 117.4% | 1.0% |
PENNYMAC LOAN SERVICES, LLC | $7,385,000 | $3,130,000 | -57.6% | 0.9% |
Truist | $1,615,000 | $2,680,000 | 65.9% | 0.8% |
LOANDEPOT.COM, LLC | $3,890,000 | $2,670,000 | -31.4% | 0.8% |
FirstBank | $920,000 | $2,605,000 | 183.2% | 0.8% |
USAA Federal Savings Bank | $2,840,000 | $2,425,000 | -14.6% | 0.7% |
HOME POINT FINANCIAL CORPORATION | $2,335,000 | $2,285,000 | -2.1% | 0.7% |
NEWREZ LLC | $2,625,000 | $2,105,000 | -19.8% | 0.6% |
FREEDOM MORTGAGE CORPORATION | $9,450,000 | $2,075,000 | -78.0% | 0.6% |
Mr. Cooper ( Nationstar Mortgage ) | $2,450,000 | $2,035,000 | -16.9% | 0.6% |
Equity Prime Mortgage LLC | $1,940,000 | n/a | 0.6% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $345,000 | $1,920,000 | 456.5% | 0.6% |
Carrington Mortgage Services, LLC | $2,125,000 | $1,900,000 | -10.6% | 0.6% |
HOMESIDE FINANCIAL, LLC | $720,000 | $1,885,000 | 161.8% | 0.6% |
The Monticello Banking Company | $445,000 | $1,780,000 | 300.0% | 0.5% |
Nations Lending Corporation | $705,000 | $1,680,000 | 138.3% | 0.5% |
The Citizens National Bank of Somerset | $425,000 | $1,485,000 | 249.4% | 0.4% |
NAVY FEDERAL CREDIT UNION | $1,430,000 | $1,435,000 | 0.3% | 0.4% |
Wells Fargo Bank | $3,595,000 | $1,435,000 | -60.1% | 0.4% |
CALIBER HOME LOANS, INC. | $1,495,000 | $1,420,000 | -5.0% | 0.4% |
Whitaker Bank | $1,060,000 | $1,360,000 | 28.3% | 0.4% |
AMERICAN FINANCIAL RESOURCES, INC. | $910,000 | $1,300,000 | 42.9% | 0.4% |
GENEVA FINANCIAL, LLC | $500,000 | $1,275,000 | 155.0% | 0.4% |
NBKC BANK | $1,215,000 | n/a | 0.4% | |
Citizens Bank | $3,880,000 | $1,195,000 | -69.2% | 0.4% |
COMMONWEALTH | $1,220,000 | $1,185,000 | -2.9% | 0.4% |
BROKER SOLUTIONS, INC. | $1,545,000 | $1,145,000 | -25.9% | 0.3% |
Plains Commerce Bank | $1,140,000 | n/a | 0.3% | |
JPMorgan Chase Bank | $1,785,000 | $1,135,000 | -36.4% | 0.3% |
Farm Credit Mid-America, ACA | $1,750,000 | $1,120,000 | -36.0% | 0.3% |
Bank of England | $2,220,000 | $1,040,000 | -53.2% | 0.3% |
Guardian Savings Bank, A Federal Savings Bank | $115,000 | $985,000 | 756.5% | 0.3% |
BETTER MORTGAGE CORPORATION | $955,000 | $920,000 | -3.7% | 0.3% |
Sierra Pacific Mortgage Company, Inc. | $625,000 | $875,000 | 40.0% | 0.3% |
GUARANTEED RATE, INC. | $825,000 | n/a | 0.2% | |
Fifth Third Bank | $1,845,000 | $815,000 | -55.8% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $1,395,000 | $815,000 | -41.6% | 0.2% |
MOVEMENT MORTGAGE, LLC | $1,175,000 | $815,000 | -30.6% | 0.2% |
KeyBank | $765,000 | n/a | 0.2% | |
MORTGAGE SUPPLIERS, INC. | $1,465,000 | $755,000 | -48.5% | 0.2% |
Flagstar Bank, FSB | $540,000 | $680,000 | 25.9% | 0.2% |
Hometown Lenders, Inc. | $370,000 | $670,000 | 81.1% | 0.2% |
CREDIT HUMAN FEDERAL CREDIT UNION | $1,695,000 | $640,000 | -62.2% | 0.2% |
The Huntington National Bank | $2,185,000 | $580,000 | -73.5% | 0.2% |
Stock Yards Bank & Trust Company | $65,000 | $565,000 | 769.2% | 0.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,405,000 | $560,000 | -60.1% | 0.2% |
Colonial Savings, F.A. | $175,000 | $555,000 | 217.1% | 0.2% |
SOUTHPOINT FINANCIAL SERVICES, INC. | $3,270,000 | $555,000 | -83.0% | 0.2% |
Paramount Residential Mortgage Group, Inc. | $765,000 | $545,000 | -28.8% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $1,300,000 | $525,000 | -59.6% | 0.2% |
NEW DAY FINANCIAL, LLC | $875,000 | $520,000 | -40.6% | 0.2% |
FINANCE OF AMERICA MORTGAGE LLC | $250,000 | $515,000 | 106.0% | 0.2% |
PLAZA HOME MORTGAGE, INC. | $365,000 | $495,000 | 35.6% | 0.1% |
Union Savings Bank | $245,000 | $460,000 | 87.8% | 0.1% |
MID AMERICA MORTGAGE, INC. | $450,000 | n/a | 0.1% | |
CRESCENT MORTGAGE COMPANY | $2,285,000 | $420,000 | -81.6% | 0.1% |
DAS Acquisition Company, LLC | $520,000 | $400,000 | -23.1% | 0.1% |
CSL Financial, LLC | $195,000 | $395,000 | 102.6% | 0.1% |
First Southern National Bank | $305,000 | $395,000 | 29.5% | 0.1% |
Powell Valley National Bank | $395,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $370,000 | n/a | 0.1% | |
GoPrime Mortgage, Inc. | $370,000 | n/a | 0.1% | |
AMERIFIRST FINANCIAL CORPORATION | $505,000 | $360,000 | -28.7% | 0.1% |
Abound Federal Credit Union | $345,000 | n/a | 0.1% | |
North American Savings Bank, F.S.B. | $340,000 | n/a | 0.1% | |
Republic Bank & Trust Company | $225,000 | $330,000 | 46.7% | 0.1% |
Valley Central Bank | $325,000 | n/a | 0.1% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $320,000 | n/a | 0.1% | |
M&T Bank | $125,000 | $305,000 | 144.0% | 0.1% |
The Union Bank Company | $305,000 | n/a | 0.1% | |
EVERETT FINANCIAL, INC. | $165,000 | $300,000 | 81.8% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $255,000 | $300,000 | 17.6% | 0.1% |
AMERICAN MORTGAGE SERVICE COMPANY | $535,000 | $295,000 | -44.9% | 0.1% |
Ally Bank | $400,000 | $290,000 | -27.5% | 0.1% |
ENVOY MORTGAGE, LTD | $325,000 | $290,000 | -10.8% | 0.1% |
CITIZENS EQUITY FIRST | $235,000 | $285,000 | 21.3% | 0.1% |
Bank of America | $710,000 | $280,000 | -60.6% | 0.1% |
Centennial Bank | $275,000 | n/a | 0.1% | |
OCMBC, INC. | $270,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $265,000 | n/a | 0.1% | |
EVANSVILLE TEACHERS | $255,000 | n/a | 0.1% | |
The First National Bank of Oneida | $285,000 | $255,000 | -10.5% | 0.1% |
Home Federal Bank Corporation | $465,000 | $250,000 | -46.2% | 0.1% |
FIRST COMMUNITY MORTGAGE, INC. | $240,000 | n/a | 0.1% | |
1ST SIGNATURE LENDING, LLC | $235,000 | n/a | 0.1% | |
Citadel Servicing Corporation | $235,000 | n/a | 0.1% | |
NATIONS RELIABLE LENDING, LLC | $165,000 | $235,000 | 42.4% | 0.1% |
VILLAGE CAPITAL MORTGAGE | $1,065,000 | $230,000 | -78.4% | 0.1% |
Discover Bank | $170,000 | $225,000 | 32.4% | 0.1% |
SUN WEST MORTGAGE COMPANY, INC. | $760,000 | $225,000 | -70.4% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $75,000 | $220,000 | 193.3% | 0.1% |
ROSS MORTGAGE CORPORATION | $215,000 | n/a | 0.1% | |
BAYSHORE MORTGAGE FUNDING, LLC | $305,000 | $205,000 | -32.8% | 0.1% |
T2 FINANCIAL LLC | $205,000 | n/a | 0.1% | |
Texana Bank | $205,000 | n/a | 0.1% | |
Towne Bank | $205,000 | n/a | 0.1% | |
CROSSCOUNTRY MORTGAGE, LLC | $105,000 | $200,000 | 90.5% | 0.1% |
First Volunteer Bank | $440,000 | $200,000 | -54.5% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $325,000 | $200,000 | -38.5% | 0.1% |
Renasant Bank | $1,125,000 | $195,000 | -82.7% | 0.1% |
GUARANTY HOME MORTGAGE CORPORATION | $545,000 | $185,000 | -66.1% | 0.1% |
Magnolia Bank | $185,000 | n/a | 0.1% | |
The Farmers Bank | $185,000 | n/a | 0.1% | |
MORTGAGE INVESTORS GROUP, INC. | $965,000 | $180,000 | -81.3% | 0.1% |
RUOFF MORTGAGE COMPANY, INC. | $165,000 | $180,000 | 9.1% | 0.1% |
SPRING EQ, LLC | $35,000 | $175,000 | 400.0% | 0.1% |
WesBanco Bank, Inc. | $170,000 | n/a | 0.1% | |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $300,000 | $165,000 | -45.0% | 0.0% |
GUILD MORTGAGE COMPANY | $165,000 | n/a | 0.0% | |
NATIONS DIRECT MORTGAGE, LLC | $165,000 | n/a | 0.0% | |
PARK COMMUNITY CREDIT UNION, INC. | $640,000 | $160,000 | -75.0% | 0.0% |
Centier Bank | $45,000 | $145,000 | 222.2% | 0.0% |
Carrollton Bank | $135,000 | n/a | 0.0% | |
RELIANCE FIRST CAPITAL, LLC | $590,000 | $135,000 | -77.1% | 0.0% |
Barrington Bank & Trust Company, N.A. | $665,000 | $130,000 | -80.5% | 0.0% |
First Bank | $115,000 | n/a | 0.0% | |
Sunflower Bank | $115,000 | n/a | 0.0% | |
ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $105,000 | n/a | 0.0% | |
RESIDENTIAL BANCORP. | $105,000 | n/a | 0.0% | |
UNIVERSITY OF KENTUCKY | $295,000 | $100,000 | -66.1% | 0.0% |
AmeriHome Mortgage Company, LLC | $900,000 | $95,000 | -89.4% | 0.0% |
Century Mortgage Company DBA Century Lending Company | $95,000 | n/a | 0.0% | |
TENNESSEE VALLEY | $95,000 | n/a | 0.0% | |
AMERICAN FINANCING CORPORATION | $55,000 | $75,000 | 36.4% | 0.0% |
SOUTHWEST STAGE FUNDING, LLC | $330,000 | $75,000 | -77.3% | 0.0% |
NETWORK CAPITAL FUNDING CORPORATION | $65,000 | n/a | 0.0% | |
EASTMAN | $55,000 | n/a | 0.0% | |
Northpointe Bank | $55,000 | n/a | 0.0% | |
SOUTH CENTRAL BANK, INC. | $170,000 | $45,000 | -73.5% | 0.0% |
MEMBERS HERITAGE Credit Union | $35,000 | n/a | 0.0% | |
Meade County Bank | $15,000 | n/a | 0.0% |
London's top lender by overall market share is Community Trust Bank, Inc., with 9.3% market share. In second place, with 8.8%, is L & N Federal Credit Union, having originated $29,245,000 in loans. In third place, with 7.9%, is QUICKEN LOANS, LLC, having originated $26,025,000 in loans. In fourth place, with 4.9%, is POLARIS HOME FUNDING CORP., having originated $16,100,000 in loans. In fifth place, with 4.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $15,200,000 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 | $252,225 (12.3%) | $288,277 (5.4%) | 0.00 | 238 |
2022-10-01 | $249,900 (8.9%) | $284,180 (-1.3%) | 0.00 | 249 |
2022-11-01 | $249,900 (5.2%) | $278,014 (-6.8%) | 0.00 | 249 |
2022-12-01 | $239,950 (5.7%) | $271,100 (-2.3%) | 0.00 | 221 |
2023-01-01 | $246,250 (9.4%) | $285,862 (6.2%) | 0.00 | 204 |
2023-02-01 | $246,350 (13.5%) | $296,056 (13.5%) | 0.00 | 193 |
2023-03-01 | $242,450 (7.3%) | $299,049 (16.2%) | 0.00 | 195 |
2023-04-01 | $240,000 (2.1%) | $302,997 (9.3%) | 0.00 | 198 |
2023-05-01 | $238,225 (-0.1%) | $302,398 (4.2%) | 0.00 | 204 |
2023-06-01 | $247,750 (-0.7%) | $310,325 (8.4%) | 0.00 | 205 |
2023-07-01 | $240,000 (-7.3%) | $310,642 (9.1%) | 0.00 | 213 |
2023-08-01 | $249,900 (0.0%) | $318,542 (11.5%) | 0.00 | 223 |
2023-09-01 | $239,900 (-4.9%) | $302,072 (4.8%) | 0.00 | 227 |
2023-10-01 | $243,650 (-2.5%) | $299,898 (5.5%) | 0.00 | 227 |
London's median listing price comes in at 0% of the national average.
London's average listing price for 2023-10-01 was $299,898, a difference of $15,718 (5.5%) versus the prior year and $-2,174 versus the prior month.
For the 2023-10-01 period, London had 227 MLS listings, a difference of 0 listings (0%) versus the prior month and -22 listings (-9%) 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 | 1,883 sqft |
2022-10-01 | 0 days | 1,895 sqft |
2022-11-01 | 0 days | 1,817 sqft |
2022-12-01 | 0 days | 1,750 sqft |
2023-01-01 | 0 days | 1,755 sqft |
2023-02-01 | 0 days | 1,700 sqft |
2023-03-01 | 0 days | 1,750 sqft |
2023-04-01 | 0 days | 1,789 sqft |
2023-05-01 | 0 days | 1,763 sqft |
2023-06-01 | 0 days | 1,803 sqft |
2023-07-01 | 0 days | 1,792 sqft |
2023-08-01 | 0 days | 1,783 sqft |
2023-09-01 | 0 days | 1,748 sqft |
2023-10-01 | 0 days | 1,767 sqft |
London's median square footage for active listings during the 2023-10-01 period was 1,767 sqft. One year prior, the average listing was 1,895 sqft.
London, KY Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 1,264 | $220,390,000 | $174,359 |
Refi | 406 | $47,300,000 | $116,502 |
Cash Out Refi | 287 | $44,775,000 | $156,010 |
Home Improvement | 148 | $10,410,000 | $70,338 |
Other | 92 | $8,260,000 | $89,783 |
London's most frequently cited loan purpose was Home Purchase, with 1,264 originations. The 2nd most popular reason was Refi, with 406 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 543 | $83,555,000 | $153,877 |
4-5% | 499 | $81,455,000 | $163,236 |
3-4% | 412 | $68,610,000 | $166,529 |
6-7% | 271 | $38,175,000 | $140,867 |
Over 8% | 136 | $10,960,000 | $80,588 |
7-8% | 122 | $12,660,000 | $103,770 |
2.5-3% | 90 | $16,470,000 | $183,000 |
<2.5% | 12 | $1,380,000 | $115,000 |
During 2022, London's most frequently originated rate bucket was 5-6%, with 543 originations.
Loan Sizing (London, KY MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 957 | $140,015,000 | $146,306 |
$100,000 or less | 741 | $44,665,000 | $60,277 |
$200k-400k | 434 | $112,340,000 | $258,848 |
$400k-600k | 53 | $25,205,000 | $475,566 |
$600k-1000k | 12 | $8,910,000 | $742,500 |
London's loan sizing saw the bucket of loans from $100k-200k with 957 originations, totaling $140,015,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 994 | $181,840,000 | $182,938 |
60-80% | 459 | $74,985,000 | $163,366 |
40-60% | 210 | $26,880,000 | $128,000 |
20-40% | 205 | $14,705,000 | $71,732 |
Under 20% | 166 | $5,520,000 | $33,253 |
Over 100% | 46 | $8,530,000 | $185,435 |
London's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 994 originations, totaling $181,840,000 in origination value.