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 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.