London Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in London averaged 6.89% for the week of 2024-05-23, compared to the national average of 6.94% for the same period.

The average rate for the prior week (2024-05-16) was 7.17% and one month ago for the week of 2024-04-18, the average rate was 7.25%.

London's average rate one year ago was 6.74%.

For refis of the same type during the week of 2024-05-23, the average rate was 7.54%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-23 6.94%
London 30 Year Fixed Rate 2024-05-23 6.89%
London 30 Year Fixed Rate Refi 2024-05-23 7.54%
London 15 Year Fixed Rate 2024-05-23 6.44%
London 15 Year Fixed Rate Refi 2024-05-23 6.84%
London 30 Year FHA 2024-05-23 6.62%
London 30 Year FHA Refi 2024-05-23 6.95%
London 30 Year USDA 2024-05-23 6.47%
London 30 Year USDA Refi 2024-05-23 6.94%
London 30 Year VA 2024-05-23 6.75%
London 30 Year VA Refi 2024-05-23 6.57%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
L & N Federal Credit Union 87 7.05% $2,183
Community Trust Bank, Inc. 49 6.32% $2,821
QUICKEN LOANS, LLC 28 6.88% $5,517
UNITED WHOLESALE MORTGAGE, LLC 25 6.79% $4,799
Commercial Bank 18 6.87% $1,036
VANDERBILT MORTGAGE AND FINANCE, INC. 14 8.14% $6,289
POLARIS HOME FUNDING CORP. 12 6.53% $4,964
Forcht Bank 12 6.42% $2,006
FirstBank 10 8.28% $4,258
PNC Bank 9 6.83% $3,856
PENNYMAC LOAN SERVICES, LLC 9 6.67% $5,799
ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 7.22% $5,513
The Loan Store, Inc. 6 7.00% $5,299
JPMorgan Chase Bank 5 6.88% $3,241
NAVY FEDERAL CREDIT UNION 4 6.44% $2,743
BROKER SOLUTIONS, INC. 4 7.56% $7,603
The Huntington National Bank 4 6.94% $3,638
FREEDOM MORTGAGE CORPORATION 4 7.31% $5,648
U.S. Bank 4 7.44% $3,546
Farm Credit Mid-America, ACA 3 7.33% $4,462
Fifth Third Bank 3 7.38% $5,085
AMERISAVE MORTGAGE CORPORATION 3 6.71% $4,941
CROSSCOUNTRY MORTGAGE, LLC 3 6.96% $6,355
STOCKTON MORTGAGE CORPORATION 3 7.08% $4,048
GSF Mortgage Corporation 2 6.50% $4,731
TOP FLITE FINANCIAL, INC. 2 6.63% $4,946
HOMESIDE FINANCIAL, LLC 2 6.38% $6,533
GENEVA FINANCIAL, LLC 2 6.56% $5,772
ROYAL UNITED MORTGAGE LLC 2 7.50% $6,667
Plains Commerce Bank 2 7.38% $10,504
ORNL Federal Credit Union 2 6.31% $3,505
USAA Federal Savings Bank 2 7.19% $3,799
Northpointe Bank 2 8.00% $10,097
NEWREZ LLC 2 6.75% $10,191
Wells Fargo Bank 2 5.69% $2,651
CARDINAL FINANCIAL 2 6.50% $8,138
Whitaker Bank 2 5.75% $2,228
MORTGAGE INVESTORS GROUP, INC. 2 7.19% $5,224
Mortgage Research Center, LLC 2 6.81% $2,156
Bank of England 2 7.06% $4,652
ZILLOW HOME LOANS, LLC 1 7.50% $4,774
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $5,901
AmeriHome Mortgage Company, LLC 1 6.50% $6,097
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.50% $6,416
Barrington Bank & Trust Company, N.A. 1 6.88% $3,979
BETTER MORTGAGE CORPORATION 1 5.13% $7,635
Carrington Mortgage Services, LLC 1 7.25% $5,882
CHURCHILL MORTGAGE CORPORATION 1 7.63% $4,279
CMG MORTGAGE, INC. 1 6.50% $3,767
DUPACO COMMUNITY 1 5.38% $2,960
ENVOY MORTGAGE, LTD 1 7.63% $5,200
EVERETT FINANCIAL, INC. 1 6.25% $7,128
First State Bank 1 6.63% $2,449
Flagstar Bank, FSB 1 7.13% $4,870
FLAT BRANCH MORTGAGE, INC. 1 7.50% $4,740
Gateway First Bank 1 6.13% $3,891
GoPrime Mortgage, Inc. 1 7.00% $5,306
KELLER MORTGAGE, LLC 1 5.88% $2,877
LOANDEPOT.COM, LLC 1 6.99% $3,667
MOVEMENT MORTGAGE, LLC 1 6.63% $5,222
Mr. Cooper ( Nationstar Mortgage ) 1 7.99% $3,822
PREMIA MORTGAGE, LLC 1 7.10% $2,800
RBC Bank, (Georgia) 1 6.50% $972
RELIANCE FIRST CAPITAL, LLC 1 6.99% $3,458
Renasant Bank 1 7.13% $2,847
Republic State Mortgage Co. 1 7.50% $4,228
RUOFF MORTGAGE COMPANY, INC. 1 7.25% $8,390
S1L, Inc. 1 7.38% $6,608
SeaTrust Mortgage Company 1 6.62% $2,218
Sierra Pacific Mortgage Company, Inc. 1 6.63% $4,686
Simmons Bank 1 6.50% $3,334
THRIVE MORTGAGE, LLC 1 6.88% $3,343
TOWNE MORTGAGE COMPANY 1 6.88% $5,834
Truist 1 6.10% $4,993
UNION HOME MORTGAGE CORP. 1 7.63% $5,795
Union Savings Bank 1 7.25% $1,193
WesBanco 1 7.50% $3,553
21ST MORTGAGE CORPORATION 1 7.95% $5,981

London Average Closing Costs & Other Stats

London, KY's 78 lenders originated 1,736 loans during 2023. The total origination value was $253,180,000, with an average loan value of $145,841.

London's average closing costs are $4,242.

The top London lender as defined by loan originations is L & N Federal Credit Union, with 87 loans originated. Their average total fees are $2,183, which is $637 lower than the next largest lender, Community Trust Bank, Inc..

The lowest fee London lenders (with over 10 loans originated) are Commercial Bank ($1,036), Forcht Bank ($2,006), L & N Federal Credit Union ($2,183), Community Trust Bank, Inc. ($2,821) and FirstBank ($4,258).

The lowest rate London lenders (with over 10 loans originated) are Community Trust Bank, Inc. (6.32%), Forcht Bank (6.42%), POLARIS HOME FUNDING CORP. (6.53%), UNITED WHOLESALE MORTGAGE, LLC (6.79%) and Commercial Bank (6.87%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Community Trust Bank, Inc. $30,765,000 $31,795,000 3.3% 12.6%
L & N Federal Credit Union $29,245,000 $24,820,000 -15.1% 9.8%
UNITED WHOLESALE MORTGAGE, LLC $15,200,000 $15,775,000 3.8% 6.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $11,600,000 $15,170,000 30.8% 6.0%
QUICKEN LOANS, LLC $26,025,000 $13,695,000 -47.4% 5.4%
Mortgage Research Center, LLC $8,340,000 $11,615,000 39.3% 4.6%
POLARIS HOME FUNDING CORP. $16,100,000 $10,850,000 -32.6% 4.3%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $9,200,000 $9,695,000 5.4% 3.8%
Cumberland Valley National Bank & Trust Company $8,090,000 $8,525,000 5.4% 3.4%
PNC Bank $13,910,000 $7,100,000 -49.0% 2.8%
Commercial Bank $10,580,000 $6,670,000 -37.0% 2.6%
First State Bank of the Southeast, Inc. $7,315,000 $6,010,000 -17.8% 2.4%
Forcht Bank $13,890,000 $3,720,000 -73.2% 1.5%
21ST MORTGAGE CORPORATION $4,535,000 $3,515,000 -22.5% 1.4%
Paramount Residential Mortgage Group, Inc. $545,000 $3,465,000 535.8% 1.4%
PENNYMAC LOAN SERVICES, LLC $3,130,000 $3,360,000 7.3% 1.3%
The Monticello Banking Company $1,780,000 $3,045,000 71.1% 1.2%
Carrington Mortgage Services, LLC $1,900,000 $2,860,000 50.5% 1.1%
NEWREZ LLC $2,105,000 $2,790,000 32.5% 1.1%
STOCKTON MORTGAGE CORPORATION $10,450,000 $2,365,000 -77.4% 0.9%
NAVY FEDERAL CREDIT UNION $1,435,000 $2,300,000 60.3% 0.9%
Plains Commerce Bank $1,140,000 $2,175,000 90.8% 0.9%
Whitaker Bank $1,360,000 $2,040,000 50.0% 0.8%
Truist $2,680,000 $1,995,000 -25.6% 0.8%
TOP FLITE FINANCIAL, INC. $3,515,000 $1,890,000 -46.2% 0.7%
Equity Prime Mortgage LLC $1,940,000 $1,875,000 -3.4% 0.7%
FirstBank $2,605,000 $1,765,000 -32.2% 0.7%
USAA Federal Savings Bank $2,425,000 $1,660,000 -31.5% 0.7%
CARDINAL FINANCIAL $560,000 $1,600,000 185.7% 0.6%
HOMESIDE FINANCIAL, LLC $1,885,000 $1,600,000 -15.1% 0.6%
FREEDOM MORTGAGE CORPORATION $2,075,000 $1,545,000 -25.5% 0.6%
CROSSCOUNTRY MORTGAGE, LLC $200,000 $1,530,000 665.0% 0.6%
UBANK $1,395,000 n/a 0.6%
CREDIT HUMAN FEDERAL CREDIT UNION $640,000 $1,360,000 112.5% 0.5%
U.S. Bank $3,445,000 $1,350,000 -60.8% 0.5%
The Loan Store, Inc. $1,295,000 n/a 0.5%
SOUTH CENTRAL BANK, INC. $45,000 $1,290,000 2,766.7% 0.5%
Northpointe Bank $55,000 $1,225,000 2,127.3% 0.5%
The Huntington National Bank $580,000 $1,200,000 106.9% 0.5%
BROKER SOLUTIONS, INC. $1,145,000 $1,100,000 -3.9% 0.4%
Citizens Bank of Kentucky, Inc. $1,075,000 n/a 0.4%
Flagstar Bank, FSB $680,000 $1,065,000 56.6% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $2,035,000 $1,045,000 -48.6% 0.4%
GENEVA FINANCIAL, LLC $1,275,000 $1,035,000 -18.8% 0.4%
JPMorgan Chase Bank $1,135,000 $970,000 -14.5% 0.4%
Republic State Mortgage Co. $3,620,000 $960,000 -73.5% 0.4%
AMERISAVE MORTGAGE CORPORATION $4,435,000 $910,000 -79.5% 0.4%
LOANDEPOT.COM, LLC $2,670,000 $815,000 -69.5% 0.3%
Bank of England $1,040,000 $805,000 -22.6% 0.3%
MOVEMENT MORTGAGE, LLC $815,000 $800,000 -1.8% 0.3%
ROYAL UNITED MORTGAGE LLC $200,000 $760,000 280.0% 0.3%
CSL Financial, LLC $395,000 $745,000 88.6% 0.3%
LAKEVIEW LOAN SERVICING, LLC $815,000 $710,000 -12.9% 0.3%
GSF Mortgage Corporation $700,000 n/a 0.3%
Fifth Third Bank $815,000 $675,000 -17.2% 0.3%
EVERETT FINANCIAL, INC. $300,000 $660,000 120.0% 0.3%
COMMONWEALTH $1,185,000 $605,000 -48.9% 0.2%
Wells Fargo Bank $1,435,000 $600,000 -58.2% 0.2%
SeaTrust Mortgage Company $575,000 n/a 0.2%
RELIANCE FIRST CAPITAL, LLC $135,000 $525,000 288.9% 0.2%
SOUTHWEST STAGE FUNDING, LLC $75,000 $515,000 586.7% 0.2%
Farm Credit Mid-America, ACA $1,120,000 $510,000 -54.5% 0.2%
CMG MORTGAGE, INC. $480,000 n/a 0.2%
RUOFF MORTGAGE COMPANY, INC. $180,000 $475,000 163.9% 0.2%
Renasant Bank $195,000 $465,000 138.5% 0.2%
BETTER MORTGAGE CORPORATION $920,000 $440,000 -52.2% 0.2%
GoPrime Mortgage, Inc. $370,000 $435,000 17.6% 0.2%
Nations Lending Corporation $1,680,000 $420,000 -75.0% 0.2%
UNION HOME MORTGAGE CORP. $420,000 n/a 0.2%
Peoples Bank $415,000 n/a 0.2%
Coastal Community Bank $395,000 n/a 0.2%
ORNL Federal Credit Union $370,000 n/a 0.1%
First Southern National Bank $395,000 $360,000 -8.9% 0.1%
Discover Bank $225,000 $355,000 57.8% 0.1%
NEW DAY FINANCIAL, LLC $520,000 $350,000 -32.7% 0.1%
MORTGAGE INVESTORS GROUP, INC. $180,000 $340,000 88.9% 0.1%
United Cumberland Bank $340,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $230,000 $340,000 47.8% 0.1%
AmeriHome Mortgage Company, LLC $95,000 $320,000 236.8% 0.1%
Citizens Bank $1,195,000 $315,000 -73.6% 0.1%
Waterstone Mortgage Corporation $315,000 n/a 0.1%
S1L, Inc. $310,000 n/a 0.1%
ROSS MORTGAGE CORPORATION $215,000 $305,000 41.9% 0.1%
TRIAD FINANCIAL SERVICES, INC. $220,000 $305,000 38.6% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $1,300,000 $300,000 -76.9% 0.1%
First Volunteer Bank $200,000 $300,000 50.0% 0.1%
PREMIA MORTGAGE, LLC $285,000 n/a 0.1%
Home Federal Bank Corporation $250,000 $280,000 12.0% 0.1%
PLAZA HOME MORTGAGE, INC. $495,000 $280,000 -43.4% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,920,000 $275,000 -85.7% 0.1%
NATIONWIDE MORTGAGE BANKERS, INC. $275,000 n/a 0.1%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $105,000 $255,000 142.9% 0.1%
GUARANTY HOME MORTGAGE CORPORATION $185,000 $245,000 32.4% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $320,000 $225,000 -29.7% 0.1%
DUPACO COMMUNITY $215,000 n/a 0.1%
EMM LOANS LLC $205,000 n/a 0.1%
KELLER MORTGAGE, LLC $205,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $525,000 $200,000 -61.9% 0.1%
CHURCHILL MORTGAGE CORPORATION $195,000 n/a 0.1%
FIRST ALLIANCE HOME MORTGAGE, LLC $195,000 n/a 0.1%
Simmons Bank $195,000 n/a 0.1%
GUARANTEED RATE, INC. $825,000 $185,000 -77.6% 0.1%
Magnolia Bank $185,000 $185,000 0.0% 0.1%
RAPID MORTGAGE COMPANY $185,000 n/a 0.1%
The Federal Savings Bank $185,000 n/a 0.1%
Union Savings Bank $460,000 $185,000 -59.8% 0.1%
UNIVERSITY OF KENTUCKY $100,000 $180,000 80.0% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $175,000 n/a 0.1%
MID AMERICA MORTGAGE, INC. $450,000 $175,000 -61.1% 0.1%
EASTMAN $55,000 $170,000 209.1% 0.1%
AXIA FINANCIAL, LLC $165,000 n/a 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $205,000 $165,000 -19.5% 0.1%
First State Bank $165,000 n/a 0.1%
THRIVE MORTGAGE, LLC $165,000 n/a 0.1%
Sierra Pacific Mortgage Company, Inc. $875,000 $160,000 -81.7% 0.1%
PHH Mortgage Corporation $155,000 n/a 0.1%
Commerce Home Mortgage, Inc. $145,000 n/a 0.1%
LENDSURE MORTGAGE CORP. $145,000 n/a 0.1%
TOWNE MORTGAGE COMPANY $145,000 n/a 0.1%
MEMBERS HERITAGE Credit Union $35,000 $140,000 300.0% 0.1%
Guardian Savings Bank, A Federal Savings Bank $985,000 $135,000 -86.3% 0.1%
ENVOY MORTGAGE, LTD $290,000 $125,000 -56.9% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $225,000 $120,000 -46.7% 0.0%
FLAT BRANCH MORTGAGE, INC. $115,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $300,000 $115,000 -61.7% 0.0%
NETWORK CAPITAL FUNDING CORPORATION $65,000 $95,000 46.2% 0.0%
Barrington Bank & Trust Company, N.A. $130,000 $85,000 -34.6% 0.0%
EVANSVILLE TEACHERS $255,000 $85,000 -66.7% 0.0%
WesBanco $170,000 $80,000 -52.9% 0.0%
RBC Bank, (Georgia) $75,000 n/a 0.0%
ZILLOW HOME LOANS, LLC $265,000 $75,000 -71.7% 0.0%
Abound Federal Credit Union $345,000 $65,000 -81.2% 0.0%
ALLIANT CREDIT UNION $55,000 n/a 0.0%
Bank of America $280,000 $55,000 -80.4% 0.0%
Gateway First Bank $55,000 n/a 0.0%
Central Bank $25,000 n/a 0.0%
MidAmerica National Bank $25,000 n/a 0.0%

London's top lender by overall market share is Community Trust Bank, Inc., with 12.6% market share. In second place, with 9.8%, is L & N Federal Credit Union, having originated $24,820,000 in loans. In third place, with 6.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $15,775,000 in loans. In fourth place, with 6.0%, is VANDERBILT MORTGAGE AND FINANCE, INC., having originated $15,170,000 in loans. In fifth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $13,695,000 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 $148,950 (6.5%) $186,648 (-0.9%) 0.00 363
2018-02-01 $146,475 (4.7%) $189,005 (0.1%) 0.00 358
2018-03-01 $154,900 (8.6%) $195,891 (1.1%) 0.00 350
2018-04-01 $159,000 (10.3%) $197,336 (-1.6%) 0.00 348
2018-05-01 $159,250 (6.3%) $204,221 (1.4%) 0.00 359
2018-06-01 $159,900 (6.6%) $206,199 (-1.3%) 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 (4.2%) 0.00 373
2018-09-01 $159,900 (6.7%) $200,526 (1.0%) 0.00 375
2018-10-01 $159,900 (6.6%) $198,519 (1.7%) 0.00 382
2018-11-01 $159,900 (6.6%) $194,745 (0.5%) 0.00 381
2018-12-01 $159,900 (6.7%) $191,435 (-0.8%) 0.00 341
2019-01-01 $161,975 (8.7%) $192,305 (3.0%) 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 $169,950 (6.7%) $203,727 (-0.2%) 0.00 306
2019-06-01 $169,900 (6.3%) $207,714 (0.7%) 0.00 327
2019-07-01 $169,450 (6.0%) $203,017 (-1.7%) 0.00 344
2019-08-01 $169,900 (4.6%) $202,133 (-1.4%) 0.00 336
2019-09-01 $169,900 (6.3%) $199,216 (-0.7%) 0.00 339
2019-10-01 $169,900 (6.3%) $198,019 (-0.3%) 0.00 339
2019-11-01 $169,900 (6.3%) $201,897 (3.7%) 0.00 327
2019-12-01 $169,900 (6.3%) $200,420 (4.7%) 0.00 312
2020-01-01 $166,600 (2.9%) $200,222 (4.1%) 0.00 283
2020-02-01 $169,000 (2.5%) $208,508 (6.8%) 0.00 261
2020-03-01 $170,900 (1.6%) $211,566 (5.9%) 0.00 227
2020-04-01 $172,400 (2.3%) $210,376 (4.5%) 0.00 217
2020-05-01 $189,900 (11.7%) $225,155 (10.5%) 0.00 193
2020-06-01 $199,450 (17.4%) $231,790 (11.6%) 0.00 182
2020-07-01 $202,475 (19.5%) $237,344 (16.9%) 0.00 173
2020-08-01 $200,000 (17.7%) $237,585 (17.5%) 0.00 175
2020-09-01 $199,900 (17.7%) $238,228 (19.6%) 0.00 178
2020-10-01 $189,900 (11.8%) $227,376 (14.8%) 0.00 171
2020-11-01 $189,900 (11.8%) $225,011 (11.5%) 0.00 154
2020-12-01 $186,825 (10.0%) $223,679 (11.6%) 0.00 143
2021-01-01 $179,500 (7.7%) $219,988 (9.9%) 0.00 123
2021-02-01 $181,825 (7.6%) $221,433 (6.2%) 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 $199,000 (4.8%) $245,392 (9.0%) 0.00 104
2021-06-01 $209,900 (5.2%) $262,573 (13.3%) 0.00 130
2021-07-01 $209,000 (3.2%) $264,802 (11.6%) 0.00 145
2021-08-01 $214,950 (7.5%) $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 $234,900 (25.4%) $274,760 (12.9%) 0.00 127
2022-05-01 $237,475 (19.3%) $289,352 (17.9%) 0.00 187
2022-06-01 $249,450 (18.8%) $285,418 (8.7%) 0.00 205
2022-07-01 $259,000 (23.9%) $284,865 (7.6%) 0.00 235
2022-08-01 $249,950 (16.3%) $284,922 (6.6%) 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
2023-03-01 $242,450 (7.3%) $298,623 (16.1%) 0.00 195
2023-04-01 $240,000 (2.2%) $302,997 (10.3%) 0.00 198
2023-05-01 $238,225 (0.3%) $302,398 (4.5%) 0.00 204
2023-06-01 $247,750 (-0.7%) $310,325 (8.7%) 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 (11.8%) 0.00 223
2023-09-01 $239,900 (-4.4%) $302,072 (4.8%) 0.00 227
2023-10-01 $243,650 (-2.3%) $299,898 (5.7%) 0.00 227
2023-11-01 $249,925 (0.0%) $304,908 (9.8%) 0.00 229
2023-12-01 $249,000 (3.8%) $307,459 (13.6%) 0.00 233
2024-01-01 $239,900 (-2.1%) $288,359 (1.0%) 0.00 228
2024-02-01 $246,750 (0.2%) $290,063 (-1.9%) 0.00 226
2024-03-01 $244,900 (1.0%) $293,623 (-1.7%) 0.00 247
2024-04-01 $239,950 (0.0%) $302,525 (-0.2%) 0.00 239
London's median listing price for 2024-04-01 was $239,950, a difference of $-50 (0.0%) versus the prior year and $-4,950 versus the prior month.

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

London's average listing price for 2024-04-01 was $302,525, a difference of $-472 (-0.2%) versus the prior year and $8,902 versus the prior month.

For the 2024-04-01 period, London had 239 MLS listings, a difference of -8 listings (-3%) versus the prior month and 41 listings (21%) 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 1,785 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 1,898 sqft
2019-06-01 0 days 1,900 sqft
2019-07-01 0 days 1,838 sqft
2019-08-01 0 days 1,858 sqft
2019-09-01 0 days 1,843 sqft
2019-10-01 0 days 1,861 sqft
2019-11-01 0 days 1,849 sqft
2019-12-01 0 days 1,900 sqft
2020-01-01 0 days 1,847 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 1,834 sqft
2021-07-01 0 days 1,890 sqft
2021-08-01 0 days 1,930 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 1,728 sqft
2022-05-01 0 days 1,755 sqft
2022-06-01 0 days 1,795 sqft
2022-07-01 0 days 1,814 sqft
2022-08-01 0 days 1,844 sqft
2022-09-01 0 days 1,880 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
2023-03-01 0 days 1,728 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
2023-11-01 0 days 1,801 sqft
2023-12-01 0 days 1,850 sqft
2024-01-01 0 days 1,781 sqft
2024-02-01 0 days 1,738 sqft
2024-03-01 0 days 1,710 sqft
2024-04-01 0 days 1,689 sqft
London's median listing age (time on market) for 2024-04-01 was 0 days.

London's median square footage for active listings during the 2024-04-01 period was 1,689 sqft. One year prior, the average listing was 1,789 sqft.

London, KY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,041 $185,505,000 $178,199
Refi 277 $28,165,000 $101,679
Home Improvement 151 $10,515,000 $69,636
Cash Out Refi 149 $21,405,000 $143,658
Other 118 $7,590,000 $64,322

London's most frequently cited loan purpose was Home Purchase, with 1,041 originations. The 2nd most popular reason was Refi, with 277 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
Over 8% 551 $45,905,000 $83,312
6-7% 492 $91,010,000 $184,980
7-8% 356 $52,760,000 $148,202
5-6% 207 $39,515,000 $190,894
3-4% 16 $450,000 $28,125
4-5% 6 $1,250,000 $208,333

During 2023, London's most frequently originated rate bucket was Over 8%, with 551 originations.

Loan Sizing (London, KY MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 680 $38,740,000 $56,971
$100k-200k 668 $97,170,000 $145,464
$200k-400k 340 $89,840,000 $264,235
$400k-600k 41 $19,385,000 $472,805
$Over $1MM 4 $5,540,000 $1,385,000
$600k-1000k 3 $2,505,000 $835,000

London's loan sizing saw the bucket of loans from $100,000 or less with 680 originations, totaling $38,740,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 746 $137,960,000 $184,933
60-80% 257 $41,445,000 $161,265
20-40% 216 $15,680,000 $72,593
Under 20% 199 $6,845,000 $34,397
40-60% 153 $19,575,000 $127,941
Over 100% 49 $8,465,000 $172,755

London's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 746 originations, totaling $137,960,000 in origination value.