London 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 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%
    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    L & N Federal Credit Union 213 3.58% $2,000
    QUICKEN LOANS, LLC 75 3.18% $4,369
    Community Trust Bank, Inc. 73 3.10% $2,508
    Forcht Bank 41 3.44% $1,696
    POLARIS HOME FUNDING CORP. 40 3.13% $3,722
    Commercial Bank 40 3.75% $1,662
    First Option Mortgage, LLC 39 3.24% $3,571
    UNITED WHOLESALE MORTGAGE, LLC 24 3.10% $3,242
    Republic State Mortgage Co. 23 3.17% $3,180
    PNC Bank 18 3.32% $3,310
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 17 3.35% $3,178
    Citizens Bank 14 2.88% $2,665
    Wells Fargo Bank 14 3.46% $3,244
    LOANDEPOT.COM, LLC 9 3.10% $4,397
    AMERISAVE MORTGAGE CORPORATION 8 2.98% $4,102
    JPMorgan Chase Bank 7 3.11% $2,563
    PENNYMAC LOAN SERVICES, LLC 6 3.10% $6,196
    CRESCENT MORTGAGE COMPANY 6 3.00% $2,454
    Farm Credit Mid-America, ACA 5 3.54% $5,744
    NEWREZ LLC 5 3.65% $3,065
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 3.20% $3,057
    BETTER MORTGAGE CORPORATION 4 2.94% $4,197
    The Huntington National Bank 4 2.88% $4,886
    Fifth Third Bank 4 3.19% $3,241
    MUTUAL OF OMAHA MORTGAGE, INC. 4 3.34% $4,143
    Carrington Mortgage Services, LLC 4 3.16% $3,379
    FREEDOM MORTGAGE CORPORATION 4 2.97% $4,019
    Bank of America 3 2.92% $4,542
    Bank of England 3 2.96% $3,227
    BROKER SOLUTIONS, INC. 3 3.03% $4,371
    Mr. Cooper ( Nationstar Mortgage ) 3 3.71% $4,887
    STOCKTON MORTGAGE CORPORATION 3 3.29% $3,084
    21ST MORTGAGE CORPORATION 2 5.65% $6,379
    MORTGAGE INVESTORS GROUP, INC. 2 3.06% $4,179
    HOME POINT FINANCIAL CORPORATION 2 3.18% $4,597
    RELIANCE FIRST CAPITAL, LLC 2 4.19% $5,795
    HOMESIDE FINANCIAL, LLC 2 3.31% $6,404
    Flagstar Bank, FSB 2 2.94% $3,308
    COMMONWEALTH 2 2.75% $2,385
    ROYAL UNITED MORTGAGE LLC 2 3.50% $6,048
    TOP FLITE FINANCIAL, INC. 2 3.94% $2,984
    Truist 2 3.25% $2,629
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 2.81% $4,658
    Central Bank & Trust Company 2 2.81% $2,073
    U.S. Bank 2 3.06% $2,681
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.93% $2,259
    ENVOY MORTGAGE, LTD 2 3.13% $3,481
    CALIBER HOME LOANS, INC. 1 3.50% $2,973
    Nations Lending Corporation 1 3.38% $6,210
    NATIONS RELIABLE LENDING, LLC 1 4.25% $3,876
    121 FINANCIAL 1 2.88% $6,164
    Paramount Residential Mortgage Group, Inc. 1 3.25% $3,902
    PARK COMMUNITY CREDIT UNION, INC. 1 3.25% $2,714
    ARC HOME LLC 1 3.50% $970
    AMERIFIRST FINANCIAL CORPORATION 1 3.50% $6,596
    DUPACO COMMUNITY 1 2.88% $2,595
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.88% $5,007
    Prosperity Home Mortgage, LLC 1 3.00% $2,965
    AMERICAN MORTGAGE SERVICE COMPANY 1 3.00% $2,171
    RAPID MORTGAGE COMPANY 1 3.13% $3,017
    RBC Bank, (Georgia) 1 2.63% $2,030
    Renasant Bank 1 2.75% $3,044
    Republic Bank & Trust Company 1 3.00% $4,262
    AMERICAN FINANCIAL NETWORK, INC. 1 4.25% $8,400
    Sierra Pacific Mortgage Company, Inc. 1 3.63% $3,968
    SOFI LENDING CORP. 1 2.75% $3,373
    State Department Federal Credit Union 1 3.25% $4,245
    Stock Yards Bank & Trust Company 1 3.00% $2,448
    Strong Home Mortgage, LLC 1 3.38% $3,798
    SWBC MORTGAGE CORPORATION 1 3.25% $169
    The Federal Savings Bank 1 2.88% $7,797
    The Home Loan Expert LLC 1 2.99% $3,081
    AMCAP MORTGAGE, LTD. 1 2.88% $3,447
    The Monticello Banking Company 1 3.38% $2,698
    Union Savings Bank 1 3.00% $1,500
    Ally Bank 1 3.25% $2,745
    Evolve Bank & Trust 1 3.63% $3,209
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.38% $4,597
    FINANCE OF AMERICA MORTGAGE LLC 1 2.99% $2,940
    FirstBank 1 2.75% $2,448
    DAS Acquisition Company, LLC 1 3.50% $2,671
    CITIZENS EQUITY FIRST 1 3.88% $2,918
    GENEVA FINANCIAL, LLC 1 3.13% $8,828
    GUARANTY HOME MORTGAGE CORPORATION 1 2.88% $3,271
    HAMILTON HOME LOANS, INC. 1 3.25% $3,990
    HOMESTEAD FUNDING CORP. 1 2.75% $3,680
    CHURCHILL MORTGAGE CORPORATION 1 3.38% $4,352
    JUSTICE Federal Credit Union 1 3.50% $3,061
    KS StateBank 1 3.63% $1,687
    LEADERONE FINANCIAL CORPORATION 1 3.13% $2,948
    Legends Bank 1 2.88% $2,984
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 3.00% $3,408

    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. 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 $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 for 2023-02-01 was $246,225, a difference of $29,225 (13.5%) versus the prior year and $1,225 versus the prior month.

    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. 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 1,882 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 listing age (time on market) for 2023-02-01 was 0 days.

    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.