Magnolia Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Magnolia averaged 6.97% for the week of 2025-02-13, compared to the national average of 6.87% for the same period.

    The average rate for the prior week (2025-02-06) was 7.09% and one month ago for the week of 2025-01-09, the average rate was 6.73%.

    Magnolia's average rate one year ago was 6.64%.

    For refis of the same type during the week of 2025-02-13, the average rate was 6.77%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-02-13 6.87%
    Magnolia 30 Year Fixed Rate 2025-02-13 6.97%
    Magnolia 30 Year Fixed Rate Refi 2025-02-13 6.77%
    Magnolia 15 Year Fixed Rate 2025-02-13 5.99%
    Magnolia 15 Year Fixed Rate Refi 2025-02-13 6.69%
    Magnolia 30 Year FHA 2025-02-13 6.32%
    Magnolia 30 Year FHA Refi 2025-02-13 6.52%
    Magnolia 30 Year USDA 2025-02-13 6.33%
    Magnolia 30 Year USDA Refi 2025-02-13 6.43%
    Magnolia 30 Year VA 2025-02-13 6.63%
    Magnolia 30 Year VA Refi 2025-02-13 6.33%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Magnolia, AR.

    Magnolia 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 Magnolia, AR 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
    QUICKEN LOANS, LLC 27 6.49% $5,203
    Farm Credit Services of Western Arkansas, ACA 3 7.22% $3,816
    EVERETT FINANCIAL, INC. 3 6.62% $4,799
    21ST MORTGAGE CORPORATION 2 8.00% $5,611
    Bank of England 1 6.50% $8,121
    BROKER SOLUTIONS, INC. 1 8.13% $7,222
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.49% $2,697
    Farmers Bank & Trust Company 1 7.13% $4,444
    FirstTrust Home Loans, Inc. 1 6.99% $5,284
    JPMorgan Chase Bank 1 6.63% $3,458
    MEMBER ADVANTAGE MORTGAGE, LLC 1 6.88% $3,036
    Mortgage Research Center, LLC 1 5.75% $6,446
    PREMIA MORTGAGE, LLC 1 6.13% $8,833
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $3,848
    Simmons Bank 1 6.75% $3,668
    United Fidelity Funding Corp. 1 6.38% $2,816
    UNITED WHOLESALE MORTGAGE, LLC 1 6.50% $3,977
    USAA Federal Savings Bank 1 7.00% $2,846
    ARKANSAS Federal Credit Union 1 7.50% $5,297
    BancorpSouth 1 6.63% $3,164
    Bank of America 1 6.25% $3,034

    Magnolia Average Closing Costs & Other Stats

    Magnolia, AR's 21 lenders originated 248 loans during 2023. The total origination value was $38,940,000, with an average loan value of $157,016.

    Magnolia's average closing costs are $4,621.

    The top Magnolia lender as defined by loan originations is QUICKEN LOANS, LLC, with 27 loans originated. Their average total fees are $5,203, which is $1,387 higher than the next largest lender, Farm Credit Services of Western Arkansas, ACA.

    The lowest fee Magnolia lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($5,203), .

    The lowest rate Magnolia lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.49%), .

    Magnolia, AR 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
    Farmers Bank & Trust Company $20,385,000 $11,170,000 -45.2% 28.7%
    QUICKEN LOANS, LLC $9,710,000 $7,460,000 -23.2% 19.2%
    21ST MORTGAGE CORPORATION $1,000,000 $2,540,000 154.0% 6.5%
    BancorpSouth $2,695,000 $1,570,000 -41.7% 4.0%
    Mortgage Research Center, LLC $1,970,000 $935,000 -52.5% 2.4%
    EVERETT FINANCIAL, INC. $950,000 $920,000 -3.2% 2.4%
    Grandview Bank $865,000 n/a 2.2%
    TRIAD FINANCIAL SERVICES, INC. $395,000 $855,000 116.5% 2.2%
    Farm Credit Services of Western Arkansas, ACA $685,000 $780,000 13.9% 2.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $180,000 $720,000 300.0% 1.8%
    UNITED WHOLESALE MORTGAGE, LLC $500,000 $635,000 27.0% 1.6%
    FirstTrust Home Loans, Inc. $935,000 $615,000 -34.2% 1.6%
    PREMIA MORTGAGE, LLC $605,000 n/a 1.6%
    NEWREZ LLC $45,000 $565,000 1,155.6% 1.5%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $650,000 $525,000 -19.2% 1.3%
    Bank of England $390,000 n/a 1.0%
    BROKER SOLUTIONS, INC. $380,000 n/a 1.0%
    USAA Federal Savings Bank $310,000 n/a 0.8%
    UNITED BUILT HOMES, L.L.C. $265,000 n/a 0.7%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $245,000 n/a 0.6%
    Bank of America $230,000 n/a 0.6%
    GENEVA FINANCIAL, LLC $385,000 $215,000 -44.2% 0.6%
    MEMBER ADVANTAGE MORTGAGE, LLC $85,000 $195,000 129.4% 0.5%
    SOUTHWEST STAGE FUNDING, LLC $195,000 n/a 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $185,000 n/a 0.5%
    FINANCE OF AMERICA REVERSE LLC $180,000 n/a 0.5%
    MUTUAL OF OMAHA MORTGAGE, INC. $180,000 n/a 0.5%
    FOUR POINTS $175,000 n/a 0.4%
    LIBERTY HOME MORTGAGE CORPORATION $165,000 n/a 0.4%
    ARKANSAS Federal Credit Union $25,000 $155,000 520.0% 0.4%
    JPMorgan Chase Bank $145,000 $155,000 6.9% 0.4%
    NAVY FEDERAL CREDIT UNION $255,000 $155,000 -39.2% 0.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $155,000 n/a 0.4%
    CSL Financial, LLC $200,000 $150,000 -25.0% 0.4%
    HOMESTAR FINANCIAL CORPORATION $135,000 n/a 0.3%
    The Citizens Bank $135,000 n/a 0.3%
    United Fidelity Funding Corp. $115,000 n/a 0.3%
    First Financial Bank $105,000 n/a 0.3%
    Wells Fargo Bank $350,000 $95,000 -72.9% 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $75,000 n/a 0.2%
    Arvest Bank $110,000 $75,000 -31.8% 0.2%
    ROYAL UNITED MORTGAGE LLC $75,000 n/a 0.2%
    CIS Financial Services, Inc. $65,000 n/a 0.2%
    Discover Bank $65,000 n/a 0.2%
    Simmons Bank $65,000 n/a 0.2%
    SUPERIOR CHOICE $65,000 n/a 0.2%
    RED RIVER EMPLOYEES $35,000 n/a 0.1%

    Magnolia's top lender by overall market share is Farmers Bank & Trust Company, with 28.7% market share. In second place, with 19.2%, is QUICKEN LOANS, LLC, having originated $7,460,000 in loans. In third place, with 6.5%, is 21ST MORTGAGE CORPORATION, having originated $2,540,000 in loans. In fourth place, with 4.0%, is BancorpSouth, having originated $1,570,000 in loans. In fifth place, with 2.4%, is Mortgage Research Center, LLC, having originated $935,000 in loans.

    Magnolia Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Magnolia (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 $119,900 (1.4%) $140,575 (-12.0%) 0.00 140
    2018-02-01 $114,950 (-0.9%) $137,664 (-11.4%) 0.00 136
    2018-03-01 $119,900 (4.3%) $135,804 (-13.6%) 0.00 129
    2018-04-01 $136,200 (18.4%) $147,342 (-4.4%) 0.00 128
    2018-05-01 $149,000 (24.4%) $154,166 (-0.5%) 0.00 126
    2018-06-01 $132,400 (3.2%) $146,392 (-3.6%) 0.00 127
    2018-07-01 $123,975 (-10.8%) $139,054 (-10.2%) 0.00 107
    2018-08-01 $129,900 (-3.7%) $144,044 (-5.5%) 0.00 108
    2018-09-01 $129,900 (-5.4%) $144,175 (-7.7%) 0.00 109
    2018-10-01 $131,175 (1.4%) $147,172 (-2.8%) 0.00 121
    2018-11-01 $136,250 (4.9%) $150,802 (-0.3%) 0.00 116
    2018-12-01 $144,900 (13.7%) $153,707 (4.5%) 0.00 119
    2019-01-01 $148,425 (23.8%) $155,530 (10.6%) 0.00 114
    2019-02-01 $147,375 (28.2%) $152,155 (10.5%) 0.00 116
    2019-03-01 $141,386 (17.9%) $154,470 (13.7%) 0.00 111
    2019-04-01 $140,086 (2.9%) $159,356 (8.2%) 0.00 110
    2019-05-01 $147,500 (-1.0%) $160,022 (3.8%) 0.00 115
    2019-06-01 $141,200 (6.7%) $160,634 (9.7%) 0.00 124
    2019-07-01 $139,475 (12.5%) $157,805 (13.5%) 0.00 135
    2019-08-01 $137,791 (6.1%) $160,193 (11.2%) 0.00 132
    2019-09-01 $138,977 (7.0%) $164,109 (13.8%) 0.00 129
    2019-10-01 $139,900 (6.7%) $167,569 (13.9%) 0.00 127
    2019-11-01 $142,000 (4.2%) $172,676 (14.5%) 0.00 114
    2019-12-01 $144,900 (0.0%) $171,267 (11.4%) 0.00 114
    2020-01-01 $149,000 (0.4%) $178,196 (14.6%) 0.00 108
    2020-02-01 $149,000 (1.1%) $176,888 (16.3%) 0.00 116
    2020-03-01 $145,350 (2.8%) $178,597 (15.6%) 0.00 115
    2020-04-01 $149,900 (7.0%) $184,079 (15.5%) 0.00 112
    2020-05-01 $172,500 (17.0%) $191,147 (19.5%) 0.00 111
    2020-06-01 $166,200 (17.7%) $189,715 (18.1%) 0.00 104
    2020-07-01 $159,875 (14.6%) $186,519 (18.2%) 0.00 96
    2020-08-01 $169,900 (23.3%) $191,357 (19.5%) 0.00 86
    2020-09-01 $169,750 (22.1%) $191,854 (16.9%) 0.00 75
    2020-10-01 $169,000 (20.8%) $184,401 (10.1%) 0.00 79
    2020-11-01 $169,000 (19.0%) $183,389 (6.2%) 0.00 79
    2020-12-01 $159,750 (10.3%) $174,849 (2.1%) 0.00 78
    2021-01-01 $157,000 (5.4%) $167,751 (-5.9%) 0.00 71
    2021-02-01 $157,000 (5.4%) $171,157 (-3.2%) 0.00 66
    2021-03-01 $144,925 (-0.3%) $165,192 (-7.5%) 0.00 55
    2021-04-01 $137,000 (-8.6%) $157,601 (-14.4%) 0.00 49
    2021-05-01 $137,500 (-20.3%) $154,003 (-19.4%) 0.00 41
    2021-06-01 $139,900 (-15.8%) $158,392 (-16.5%) 0.00 42
    2021-07-01 $131,200 (-17.9%) $162,475 (-12.9%) 0.00 43
    2021-08-01 $127,100 (-25.2%) $168,838 (-11.8%) 0.00 45
    2021-09-01 $140,550 (-17.2%) $189,161 (-1.4%) 0.00 44
    2021-10-01 $141,250 (-16.4%) $192,775 (4.5%) 0.00 40
    2021-11-01 $160,000 (-5.3%) $206,364 (12.5%) 0.00 37
    2021-12-01 $192,500 (20.5%) $213,111 (21.9%) 0.00 39
    2022-01-01 $175,000 (11.5%) $204,905 (22.2%) 0.00 38
    2022-02-01 $170,000 (8.3%) $191,333 (11.8%) 0.00 33
    2022-03-01 $211,150 (45.7%) $210,752 (27.6%) 0.00 32
    2022-04-01 $177,500 (29.6%) $201,612 (27.9%) 0.00 35
    2022-05-01 $219,950 (60.0%) $214,991 (39.6%) 0.00 34
    2022-06-01 $177,450 (26.8%) $205,970 (30.0%) 0.00 43
    2022-07-01 $185,000 (41.0%) $214,593 (32.1%) 0.00 46
    2022-08-01 $171,250 (34.7%) $198,083 (17.3%) 0.00 44
    2022-09-01 $190,000 (35.2%) $223,027 (17.9%) 0.00 41
    2022-10-01 $195,000 (38.1%) $216,839 (12.5%) 0.00 49
    2022-11-01 $196,000 (22.5%) $219,038 (6.1%) 0.00 52
    2022-12-01 $197,000 (2.3%) $213,193 (0.0%) 0.00 54
    2023-01-01 $182,450 (4.3%) $204,087 (-0.4%) 0.00 52
    2023-02-01 $182,450 (7.3%) $216,897 (13.4%) 0.00 53
    2023-03-01 $159,900 (-24.3%) $201,662 (-4.3%) 0.00 53
    2023-04-01 $159,900 (-9.9%) $192,716 (-4.4%) 0.00 62
    2023-05-01 $177,500 (-19.3%) $222,098 (3.3%) 0.00 63
    2023-06-01 $194,675 (9.7%) $239,461 (16.3%) 0.00 58
    2023-07-01 $212,000 (14.6%) $242,556 (13.0%) 0.00 57
    2023-08-01 $217,500 (27.0%) $248,073 (25.2%) 0.00 61
    2023-09-01 $219,900 (15.7%) $260,747 (16.9%) 0.00 72
    2023-10-01 $219,950 (12.8%) $266,299 (22.8%) 0.00 88
    2023-11-01 $219,000 (11.7%) $259,134 (18.3%) 0.00 69
    2023-12-01 $204,500 (3.8%) $248,725 (16.7%) 0.00 63
    2024-01-01 $194,450 (6.6%) $242,075 (18.6%) 0.00 59
    2024-02-01 $199,450 (9.3%) $250,880 (15.7%) 0.00 57
    2024-03-01 $191,500 (19.8%) $217,994 (8.1%) 0.00 67
    2024-04-01 $196,450 (22.9%) $228,975 (18.8%) 0.00 67
    2024-05-01 $199,550 (12.4%) $270,601 (21.8%) 0.00 64
    2024-06-01 $205,000 (5.3%) $269,767 (12.7%) 0.00 59
    2024-07-01 $201,500 (-5.0%) $269,944 (11.3%) 0.00 62
    2024-08-01 $225,000 (3.5%) $294,344 (18.7%) 0.00 74
    2024-09-01 $233,900 (6.4%) $305,273 (17.1%) 0.00 70
    2024-10-01 $244,900 (11.3%) $304,790 (14.5%) 0.00 68
    2024-11-01 $231,950 (5.9%) $299,254 (15.5%) 0.00 66
    2024-12-01 $229,000 (12.0%) $284,331 (14.3%) 0.00 68
    2025-01-01 $228,000 (17.3%) $262,297 (8.4%) 0.00 69
    Magnolia's median listing price for 2025-01-01 was $228,000, a difference of $33,550 (17.3%) versus the prior year and $-1,000 versus the prior month.

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

    Magnolia's average listing price for 2025-01-01 was $262,297, a difference of $20,222 (8.4%) versus the prior year and $-22,034 versus the prior month.

    For the 2025-01-01 period, Magnolia had 69 MLS listings, a difference of 1 listings (1%) versus the prior month and 10 listings (17%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Magnolia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,714 sqft
    2018-02-01 0 days 1,714 sqft
    2018-03-01 0 days 1,720 sqft
    2018-04-01 0 days 1,947 sqft
    2018-05-01 0 days 2,022 sqft
    2018-06-01 0 days 2,149 sqft
    2018-07-01 0 days 2,102 sqft
    2018-08-01 0 days 2,168 sqft
    2018-09-01 0 days 2,017 sqft
    2018-10-01 0 days 1,904 sqft
    2018-11-01 0 days 1,765 sqft
    2018-12-01 0 days 1,720 sqft
    2019-01-01 0 days 1,700 sqft
    2019-02-01 0 days 1,700 sqft
    2019-03-01 0 days 1,671 sqft
    2019-04-01 0 days 1,700 sqft
    2019-05-01 0 days 1,711 sqft
    2019-06-01 0 days 1,742 sqft
    2019-07-01 0 days 1,763 sqft
    2019-08-01 0 days 1,842 sqft
    2019-09-01 0 days 1,974 sqft
    2019-10-01 0 days 2,069 sqft
    2019-11-01 0 days 2,062 sqft
    2019-12-01 0 days 1,994 sqft
    2020-01-01 0 days 2,038 sqft
    2020-02-01 0 days 1,994 sqft
    2020-03-01 0 days 1,962 sqft
    2020-04-01 0 days 1,998 sqft
    2020-05-01 0 days 1,998 sqft
    2020-06-01 0 days 2,000 sqft
    2020-07-01 0 days 1,866 sqft
    2020-08-01 0 days 1,866 sqft
    2020-09-01 0 days 2,128 sqft
    2020-10-01 0 days 2,095 sqft
    2020-11-01 0 days 1,705 sqft
    2020-12-01 0 days 1,667 sqft
    2021-01-01 0 days 1,866 sqft
    2021-02-01 0 days 1,990 sqft
    2021-03-01 0 days 2,079 sqft
    2021-04-01 0 days 2,079 sqft
    2021-05-01 0 days 2,239 sqft
    2021-06-01 0 days 2,186 sqft
    2021-07-01 0 days 2,124 sqft
    2021-08-01 0 days 2,124 sqft
    2021-09-01 0 days 2,180 sqft
    2021-10-01 0 days 1,985 sqft
    2021-11-01 0 days 2,009 sqft
    2021-12-01 0 days 1,910 sqft
    2022-01-01 0 days 1,908 sqft
    2022-02-01 0 days 1,834 sqft
    2022-03-01 0 days 1,834 sqft
    2022-04-01 0 days 1,797 sqft
    2022-05-01 0 days 1,874 sqft
    2022-06-01 0 days 1,820 sqft
    2022-07-01 0 days 1,902 sqft
    2022-08-01 0 days 1,908 sqft
    2022-09-01 0 days 2,085 sqft
    2022-10-01 0 days 2,039 sqft
    2022-11-01 0 days 1,990 sqft
    2022-12-01 0 days 1,894 sqft
    2023-01-01 0 days 1,866 sqft
    2023-02-01 0 days 1,934 sqft
    2023-03-01 0 days 1,910 sqft
    2023-04-01 0 days 1,849 sqft
    2023-05-01 0 days 1,884 sqft
    2023-06-01 0 days 1,916 sqft
    2023-07-01 0 days 1,940 sqft
    2023-08-01 0 days 1,945 sqft
    2023-09-01 0 days 1,920 sqft
    2023-10-01 0 days 1,947 sqft
    2023-11-01 0 days 1,964 sqft
    2023-12-01 0 days 1,964 sqft
    2024-01-01 0 days 1,957 sqft
    2024-02-01 0 days 2,090 sqft
    2024-03-01 0 days 1,932 sqft
    2024-04-01 0 days 2,032 sqft
    2024-05-01 0 days 2,064 sqft
    2024-06-01 0 days 2,058 sqft
    2024-07-01 0 days 1,985 sqft
    2024-08-01 0 days 2,010 sqft
    2024-09-01 0 days 2,134 sqft
    2024-10-01 0 days 2,074 sqft
    2024-11-01 0 days 2,119 sqft
    2024-12-01 0 days 2,003 sqft
    2025-01-01 0 days 1,940 sqft
    Magnolia's median listing age (time on market) for 2025-01-01 was 0 days.

    Magnolia's median square footage for active listings during the 2025-01-01 period was 1,940 sqft. One year prior, the average listing was 1,957 sqft.

    Magnolia, AR Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 170 $30,230,000 $177,824
    Refi 35 $4,765,000 $136,143
    Cash Out Refi 15 $1,995,000 $133,000
    Home Improvement 14 $930,000 $66,429
    Other 14 $1,020,000 $72,857

    Magnolia's most frequently cited loan purpose was Home Purchase, with 170 originations. The 2nd most popular reason was Refi, with 35 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    Over 8% 81 $9,405,000 $116,111
    6-7% 64 $10,470,000 $163,594
    7-8% 58 $10,560,000 $182,069
    5-6% 22 $3,880,000 $176,364
    4-5% 5 $765,000 $153,000

    During 2023, Magnolia's most frequently originated rate bucket was Over 8%, with 81 originations.

    Loan Sizing (Magnolia, AR MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 104 $15,230,000 $146,442
    $100,000 or less 93 $5,725,000 $61,559
    $200k-400k 41 $10,785,000 $263,049
    $400k-600k 5 $2,275,000 $455,000
    $600k-1000k 3 $2,155,000 $718,333
    $Over $1MM 2 $2,770,000 $1,385,000

    Magnolia's loan sizing saw the bucket of loans from $100k-200k with 104 originations, totaling $15,230,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 127 $24,285,000 $191,220
    60-80% 45 $6,215,000 $138,111
    40-60% 21 $2,305,000 $109,762
    20-40% 17 $1,335,000 $78,529
    Under 20% 16 $610,000 $38,125
    Over 100% 2 $180,000 $90,000

    Magnolia's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 127 originations, totaling $24,285,000 in origination value.