London Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    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%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within London, KY.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    L & N Federal Credit Union 117 5.04% $2,203
    QUICKEN LOANS, LLC 54 4.90% $5,452
    Community Trust Bank, Inc. 44 4.95% $2,188
    Commercial Bank 32 4.61% $1,810
    UNITED WHOLESALE MORTGAGE, LLC 29 5.58% $5,786
    Forcht Bank 27 4.24% $1,826
    POLARIS HOME FUNDING CORP. 24 4.90% $4,149
    PNC Bank 16 5.04% $4,109
    STOCKTON MORTGAGE CORPORATION 15 4.80% $4,099
    AMERISAVE MORTGAGE CORPORATION 10 4.05% $7,305
    Republic State Mortgage Co. 9 5.10% $3,792
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 4.57% $4,882
    VANDERBILT MORTGAGE AND FINANCE, INC. 8 6.33% $5,423
    LOANDEPOT.COM, LLC 7 4.98% $5,643
    U.S. Bank 6 4.14% $2,972
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 4.60% $5,386
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 5.20% $2,883
    Wells Fargo Bank 5 5.30% $5,231
    Truist 5 4.92% $2,926
    TOP FLITE FINANCIAL, INC. 5 4.43% $5,309
    JPMorgan Chase Bank 5 4.87% $2,682
    PENNYMAC LOAN SERVICES, LLC 5 5.14% $4,983
    FirstBank 4 6.84% $3,858
    Citizens Bank 4 5.28% $4,072
    First Option Mortgage, LLC 4 4.28% $4,167
    FREEDOM MORTGAGE CORPORATION 4 5.19% $5,028
    21ST MORTGAGE CORPORATION 4 7.28% $5,038
    BETTER MORTGAGE CORPORATION 3 3.58% $4,278
    Farm Credit Mid-America, ACA 3 6.53% $6,347
    HOMESIDE FINANCIAL, LLC 3 5.70% $4,455
    Mr. Cooper ( Nationstar Mortgage ) 3 6.13% $6,189
    NAVY FEDERAL CREDIT UNION 3 5.50% $2,088
    MORTGAGE INVESTORS GROUP, INC. 2 6.63% $2,931
    Guardian Savings Bank, A Federal Savings Bank 2 5.50% $2,507
    Hometown Lenders, Inc. 2 6.00% $4,991
    DAS Acquisition Company, LLC 2 5.25% $4,736
    CRESCENT MORTGAGE COMPANY 2 4.31% $2,684
    GENEVA FINANCIAL, LLC 2 5.13% $4,775
    M&T Bank 2 5.56% $4,120
    NBKC BANK 2 4.44% $6,551
    NEWREZ LLC 2 4.99% $7,198
    North American Savings Bank, F.S.B. 2 7.00% $1,820
    Plains Commerce Bank 2 5.38% $5,488
    CALIBER HOME LOANS, INC. 2 5.75% $5,436
    The Citizens National Bank of Somerset 2 4.13% $2,939
    The Monticello Banking Company 2 5.18% $3,101
    Union Savings Bank 2 3.38% $473
    Ally Bank 2 3.38% $3,975
    FINANCE OF AMERICA MORTGAGE LLC 2 4.81% $3,650
    Nations Lending Corporation 1 2.88% $11,522
    Whitaker Bank 1 4.88% $1,470
    Bank of America 1 5.25% $2,581
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.50% $5,534
    Flagstar Bank, FSB 1 3.23% $2,399
    OCMBC, INC. 1 0.00% $0
    PARK COMMUNITY CREDIT UNION, INC. 1 4.25% $1,351
    COMMONWEALTH 1 3.25% $2,403
    AmeriHome Mortgage Company, LLC 1 4.99% $3,935
    CITIZENS EQUITY FIRST 1 6.00% $3,207
    Citadel Servicing Corporation 1 9.63% $7,728
    Century Mortgage Company DBA Century Lending Company 1 5.50% $5,159
    Republic Bank & Trust Company 1 4.25% $2,891
    USAA Federal Savings Bank 1 6.25% $5,543
    ROSS MORTGAGE CORPORATION 1 3.88% $4,480
    BROKER SOLUTIONS, INC. 1 4.85% $8,975
    GoPrime Mortgage, Inc. 1 4.88% $5,682
    GUARANTEED RATE, INC. 1 6.50% $4,882
    Sunflower Bank 1 5.99% $4,248
    HOME POINT FINANCIAL CORPORATION 1 5.25% $4,912
    Abound Federal Credit Union 1 4.88% $2,721
    SUN WEST MORTGAGE COMPANY, INC. 1 5.25% $2,627
    TENNESSEE VALLEY 1 5.81% $2,685
    KeyBank 1 4.88% $3,411
    CROSSCOUNTRY MORTGAGE, LLC 1 5.88% $2,556
    AMERICAN MORTGAGE SERVICE COMPANY 1 5.25% $3,120
    Magnolia Bank 1 5.38% $2,867
    FIRST COMMUNITY MORTGAGE, INC. 1 5.75% $3,826
    MOVEMENT MORTGAGE, LLC 1 4.88% $3,679
    WesBanco 1 3.88% $4,275
    The Union Bank Company 1 4.38% $5,577
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.38% $3,807

    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. Louis
    Date 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 for 2023-10-01 was $243,650, a difference of $-6,250 (-2.5%) versus the prior year and $3,750 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2023-10-01 was 0 days.

    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.