Magnolia Mortgage Rates

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

30 Year Fixed Rate mortgages in Magnolia averaged 6.25% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.06% and one month ago for the week of 2022-05-26, the average rate was 5.45%.

Magnolia's average rate one year ago was 3.07%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.95%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Magnolia 30 Year Fixed Rate 2022-06-30 6.25%
Magnolia 30 Year Fixed Rate Refi 2022-06-30 5.95%
Magnolia 15 Year Fixed Rate 2022-06-30 5.58%
Magnolia 15 Year Fixed Rate Refi 2022-06-30 5.01%
Magnolia 30 Year FHA 2022-06-30 5.42%
Magnolia 30 Year FHA Refi 2022-06-30 5.57%
Magnolia 30 Year USDA 2022-06-30 5.78%
Magnolia 30 Year USDA Refi 2022-06-30 5.17%
Magnolia 30 Year VA 2022-06-30 6.34%
Magnolia 30 Year VA Refi 2022-06-30 5.36%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 63 2.89% $4,827
Farmers Bank & Trust Company 27 3.06% $2,604
FirstTrust Home Loans, Inc. 7 3.13% $4,318
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 3.03% $2,543
LOANDEPOT.COM, LLC 4 2.84% $4,722
CALIBER HOME LOANS, INC. 3 3.57% $3,145
Wells Fargo Bank 2 3.69% $1,670
Regions Bank 2 2.88% $1,473
First Financial Bank 1 3.00% $1,460
FREEDOM MORTGAGE CORPORATION 1 2.75% $3,733
North American Savings Bank, F.S.B. 1 2.88% $963
Reliant Bank 1 9.09% $3,029
State Bank of De Kalb 1 3.25% $3,064
Truist Bank 1 2.98% $3,426
United Fidelity Funding Corp. 1 2.50% $5,370
Arvest Bank 1 3.25% $2,687
ZILLOW HOME LOANS, LLC 1 3.38% $3,362
Bank of America 1 2.88% $2,535
Bank OZK 1 3.50% $1,687
BROKER SOLUTIONS, INC. 1 3.50% $3,097
CORNERSTONE HOME LENDING, INC. 1 3.63% $11,907
Eagle Bank and Trust Company 1 2.50% $2,149
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.88% $2,875
FIDELITY BANK 1 2.88% $2,871

Magnolia, AR's 24 lenders originated 409 loans during 2021. The total origination value was $71,135,000, with an average loan value of $173,924.

The top Magnolia lender as defined by loan originations is QUICKEN LOANS, LLC, with 63 loans originated. Their average total fees are $4,827, which is $2,224 higher than the next largest lender, Farmers Bank & Trust Company.

The lowest fee Magnolia lenders (with over 10 loans originated) are Farmers Bank & Trust Company ($2,604), QUICKEN LOANS, LLC ($4,827), .

The lowest rate Magnolia lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.89%), Farmers Bank & Trust Company (3.06%), .

Magnolia, AR Lender 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
Farmers Bank & Trust Company $24,425,000 $23,340,000 -4.4% 32.8%
QUICKEN LOANS, LLC $19,740,000 $22,855,000 15.8% 32.1%
FirstTrust Home Loans, Inc. $5,630,000 $2,320,000 -58.8% 3.3%
LOANDEPOT.COM, LLC $925,000 $2,075,000 124.3% 2.9%
CALIBER HOME LOANS, INC. $1,005,000 $2,025,000 101.5% 2.8%
FREEDOM MORTGAGE CORPORATION $1,890,000 $1,565,000 -17.2% 2.2%
Mortgage Research Center, LLC $230,000 $1,385,000 502.2% 1.9%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $405,000 $1,125,000 177.8% 1.6%
BancorpSouth Bank $605,000 $1,055,000 74.4% 1.5%
21ST MORTGAGE CORPORATION $770,000 $880,000 14.3% 1.2%
Regions Bank $325,000 $755,000 132.3% 1.1%
Truist Bank $615,000 $585,000 -4.9% 0.8%
CIS Financial Services, Inc. $560,000 n/a 0.8%
VILLAGE CAPITAL & INVESTMENT LLC $210,000 $545,000 159.5% 0.8%
TRIAD FINANCIAL SERVICES, INC. $325,000 $435,000 33.8% 0.6%
North American Savings Bank, F.S.B. $395,000 n/a 0.6%
BROKER SOLUTIONS, INC. $260,000 $390,000 50.0% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $385,000 n/a 0.5%
First Community Bank $380,000 n/a 0.5%
First Financial Bank $485,000 $380,000 -21.6% 0.5%
Farm Credit Services of Western Arkansas, ACA $825,000 $360,000 -56.4% 0.5%
SOUTHWEST STAGE FUNDING, LLC $355,000 n/a 0.5%
Mr. Cooper ( Nationstar Mortgage ) $270,000 $345,000 27.8% 0.5%
Red River Bank $335,000 n/a 0.5%
Eagle Bank and Trust Company $330,000 n/a 0.5%
CORNERSTONE HOME LENDING, INC. $325,000 n/a 0.5%
Arvest Bank $15,000 $320,000 2,033.3% 0.4%
Flagstar Bank, FSB $320,000 n/a 0.4%
Wells Fargo Bank $250,000 $315,000 26.0% 0.4%
MEMBER ADVANTAGE MORTGAGE, LLC $155,000 $305,000 96.8% 0.4%
Bank of America $155,000 $295,000 90.3% 0.4%
HOME POINT FINANCIAL CORPORATION $280,000 n/a 0.4%
Gateway First Bank $245,000 $265,000 8.2% 0.4%
NEW DAY FINANCIAL, LLC $245,000 n/a 0.3%
Citizens National Bank, N.A. $150,000 $235,000 56.7% 0.3%
Reliant Bank $175,000 $220,000 25.7% 0.3%
Southern Bancorp Bank $165,000 $195,000 18.2% 0.3%
USAA Federal Savings Bank $95,000 $195,000 105.3% 0.3%
AMERISAVE MORTGAGE CORPORATION $115,000 $185,000 60.9% 0.3%
UNITED BUILT HOMES, L.L.C. $295,000 $185,000 -37.3% 0.3%
FIDELITY BANK $165,000 n/a 0.2%
State Bank of De Kalb $115,000 $165,000 43.5% 0.2%
ZILLOW HOME LOANS, LLC $165,000 n/a 0.2%
Citizens Bank & Trust Company of Vivian, Louisiana $155,000 n/a 0.2%
United Fidelity Funding Corp. $135,000 n/a 0.2%
Bank of England $115,000 n/a 0.2%
CARTER FEDERAL CREDIT UNION $145,000 $100,000 -31.0% 0.1%
ARKANSAS Federal Credit Union $95,000 n/a 0.1%
Carrington Mortgage Services, LLC $95,000 n/a 0.1%
LOS ANGELES POLICE Federal Credit Union $95,000 n/a 0.1%
UNION HOME MORTGAGE CORP. $95,000 n/a 0.1%
AMERICAN ADVISORS GROUP $85,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $220,000 $75,000 -65.9% 0.1%
BETTER MORTGAGE CORPORATION $75,000 n/a 0.1%
NEWREZ LLC $45,000 $75,000 66.7% 0.1%
ROYAL UNITED MORTGAGE LLC $125,000 $75,000 -40.0% 0.1%
CSL Financial, LLC $90,000 $65,000 -27.8% 0.1%
U.S. Bank $65,000 n/a 0.1%
Farmers Bank $55,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $55,000 n/a 0.1%
Bank OZK $490,000 $45,000 -90.8% 0.1%
First Western Bank $365,000 $25,000 -93.2% 0.0%
The First National Bank of Tom Bean $15,000 n/a 0.0%

Magnolia's top lender by overall market share is Farmers Bank & Trust Company, with 32.8% market share. In second place, with 32.1%, is QUICKEN LOANS, LLC, having originated $22,855,000 in loans. In third place, with 3.3%, is FirstTrust Home Loans, Inc., having originated $2,320,000 in loans. In third place, with 2.9%, is LOANDEPOT.COM, LLC, having originated $2,075,000 in loans. In third place, with 2.8%, is CALIBER HOME LOANS, INC., having originated $2,025,000 in loans.


Magnolia, AR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 188 $33,810,000 $179,840
Refi 150 $27,460,000 $183,067
Cash Out Refi 52 $8,710,000 $167,500
Home Improvement 10 $630,000 $63,000
Other 9 $525,000 $58,333

Magnolia's most frequently cited loan purpose was Home Purchase, with 188 originations. The 2nd most popular reason was Refi, with 150 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 141 $25,005,000 $177,340
<2.5% 85 $17,315,000 $203,706
3-4% 81 $13,825,000 $170,679
4-5% 63 $10,785,000 $171,190
5-6% 13 $1,675,000 $128,846
Over 8% 9 $785,000 $87,222
6-7% 6 $650,000 $108,333
7-8% 3 $415,000 $138,333

During 2021, Magnolia's most frequently originated rate bucket was 2.5-3%, with 141 originations.

Loan Sizing (Magnolia, AR MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 168 $25,080,000 $149,286
$100,000 or less 115 $7,615,000 $66,217
$200k-400k 113 $30,595,000 $270,752
$400k-600k 10 $4,780,000 $478,000
$600k-1000k 2 $1,400,000 $700,000
$Over $1MM 1 $1,665,000 $1,665,000

Magnolia's loan sizing saw the bucket of loans from $100k-200k with 168 originations, totaling $25,080,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 226 $42,340,000 $187,345
60-80% 109 $18,915,000 $173,532
40-60% 33 $4,675,000 $141,667
20-40% 13 $1,395,000 $107,308
Under 20% 5 $95,000 $19,000
Over 100% 3 $1,035,000 $345,000

Magnolia's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 226 originations, totaling $42,340,000 in origination value.


Market Conditions (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 $117,450 (6.8%) $139,032 (-10.8%) 0.00 144
2018-02-01 $115,000 (10.6%) $138,218 (-9.6%) 0.00 144
2018-03-01 $118,500 (7.8%) $135,254 (-12.7%) 0.00 138
2018-04-01 $141,200 (22.9%) $150,361 (-1.5%) 0.00 144
2018-05-01 $157,500 (37.0%) $162,587 (7.4%) 0.00 169
2018-06-01 $152,000 (27.7%) $156,882 (5.6%) 0.00 159
2018-07-01 $142,500 (9.6%) $148,241 (-2.4%) 0.00 134
2018-08-01 $142,250 (9.5%) $152,050 (3.3%) 0.00 137
2018-09-01 $140,000 (7.8%) $151,466 (-0.4%) 0.00 131
2018-10-01 $135,000 (9.4%) $151,803 (2.5%) 0.00 138
2018-11-01 $146,950 (23.0%) $156,198 (6.3%) 0.00 128
2018-12-01 $149,900 (25.0%) $158,540 (10.1%) 0.00 129
2019-01-01 $149,950 (27.7%) $159,346 (14.6%) 0.00 122
2019-02-01 $149,900 (30.4%) $156,150 (13.0%) 0.00 122
2019-03-01 $146,214 (23.4%) $156,211 (15.5%) 0.00 117
2019-04-01 $142,964 (1.3%) $159,948 (6.4%) 0.00 114
2019-05-01 $149,000 (-5.4%) $161,996 (-0.4%) 0.00 119
2019-06-01 $142,500 (-6.3%) $161,455 (2.9%) 0.00 128
2019-07-01 $139,900 (-1.8%) $160,577 (8.3%) 0.00 143
2019-08-01 $139,729 (-1.8%) $162,689 (7.0%) 0.00 141
2019-09-01 $139,500 (-0.4%) $164,033 (8.3%) 0.00 137
2019-10-01 $139,900 (3.6%) $166,852 (9.9%) 0.00 129
2019-11-01 $144,900 (-1.4%) $173,989 (11.4%) 0.00 116
2019-12-01 $145,200 (-3.1%) $171,931 (8.5%) 0.00 115
2020-01-01 $160,000 (6.7%) $178,356 (11.9%) 0.00 110
2020-02-01 $149,900 (0.0%) $177,209 (13.5%) 0.00 119
2020-03-01 $149,450 (2.2%) $178,735 (14.4%) 0.00 119
2020-04-01 $159,900 (11.9%) $184,022 (15.1%) 0.00 116
2020-05-01 $179,900 (20.7%) $191,190 (18.0%) 0.00 116
2020-06-01 $169,450 (18.9%) $189,302 (17.3%) 0.00 104
2020-07-01 $163,750 (17.1%) $186,635 (16.2%) 0.00 99
2020-08-01 $170,000 (21.7%) $191,225 (17.5%) 0.00 89
2020-09-01 $172,500 (23.7%) $191,734 (16.9%) 0.00 79
2020-10-01 $169,000 (20.8%) $184,903 (10.8%) 0.00 83
2020-11-01 $167,000 (15.3%) $181,362 (4.2%) 0.00 82
2020-12-01 $159,500 (9.9%) $173,675 (1.0%) 0.00 81
2021-01-01 $158,400 (-1.0%) $166,772 (-6.5%) 0.00 74
2021-02-01 $157,000 (4.7%) $170,877 (-3.6%) 0.00 67
2021-03-01 $144,450 (-3.4%) $159,322 (-10.9%) 0.00 55
2021-04-01 $139,450 (-12.8%) $157,111 (-14.6%) 0.00 50
2021-05-01 $137,500 (-23.6%) $152,962 (-20.0%) 0.00 41
2021-06-01 $137,400 (-18.9%) $153,416 (-19.0%) 0.00 44
2021-07-01 $132,400 (-19.2%) $156,755 (-16.0%) 0.00 46
2021-08-01 $125,900 (-25.9%) $162,246 (-15.2%) 0.00 50
2021-09-01 $131,200 (-23.9%) $180,868 (-5.7%) 0.00 47
2021-10-01 $150,000 (-11.2%) $188,206 (1.8%) 0.00 46
2021-11-01 $160,000 (-4.2%) $200,215 (10.4%) 0.00 43
2021-12-01 $184,900 (15.9%) $209,194 (20.5%) 0.00 45
2022-01-01 $170,000 (7.3%) $194,480 (16.6%) 0.00 45
2022-02-01 $154,500 (-1.6%) $177,484 (3.9%) 0.00 39
2022-03-01 $184,900 (28.0%) $193,779 (21.6%) 0.00 38
2022-04-01 $170,000 (21.9%) $194,135 (23.6%) 0.00 38
2022-05-01 $214,900 (56.3%) $213,291 (39.4%) 0.00 37
2022-06-01 $182,450 (32.8%) $216,569 (41.2%) 0.00 47
Magnolia's median listing price for 2022-06-01 was $182,450, a difference of $45,050 (32.8%) versus the prior year and $-32,450 versus the prior month.

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

Magnolia's average listing price for 2022-06-01 was $216,569, a difference of $63,153 (41.2%) versus the prior year and $3,278 versus the prior month.

For the 2022-06-01 period, Magnolia had 47 MLS listings, a difference of 10 listings (27%) versus the prior month and 3 listings (7%) 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 1,378 sqft
2018-02-01 0 days 1,378 sqft
2018-03-01 0 days 1,264 sqft
2018-04-01 0 days 2,224 sqft
2018-05-01 0 days 2,221 sqft
2018-06-01 0 days 2,377 sqft
2018-07-01 0 days 2,331 sqft
2018-08-01 0 days 2,332 sqft
2018-09-01 0 days 2,227 sqft
2018-10-01 0 days 2,205 sqft
2018-11-01 0 days 1,908 sqft
2018-12-01 0 days 1,738 sqft
2019-01-01 0 days 1,738 sqft
2019-02-01 0 days 1,655 sqft
2019-03-01 0 days 1,726 sqft
2019-04-01 0 days 1,811 sqft
2019-05-01 0 days 1,833 sqft
2019-06-01 0 days 1,801 sqft
2019-07-01 0 days 1,938 sqft
2019-08-01 0 days 1,781 sqft
2019-09-01 0 days 1,598 sqft
2019-10-01 0 days 1,680 sqft
2019-11-01 0 days 1,572 sqft
2019-12-01 0 days 1,624 sqft
2020-01-01 0 days 1,568 sqft
2020-02-01 0 days 1,752 sqft
2020-03-01 0 days 1,568 sqft
2020-04-01 0 days 1,568 sqft
2020-05-01 0 days 1,998 sqft
2020-06-01 0 days 2,128 sqft
2020-07-01 0 days 2,128 sqft
2020-08-01 0 days 2,128 sqft
2020-09-01 0 days 2,128 sqft
2020-10-01 0 days 2,128 sqft
2020-11-01 0 days 1,696 sqft
2020-12-01 0 days 2,128 sqft
2021-01-01 0 days 2,128 sqft
2021-02-01 0 days 2,128 sqft
2021-03-01 0 days 2,092 sqft
2021-04-01 0 days 2,566 sqft
2021-05-01 0 days 2,566 sqft
2021-06-01 0 days 2,566 sqft
2021-07-01 0 days 2,566 sqft
2021-08-01 0 days 1,833 sqft
2021-09-01 0 days 1,894 sqft
2021-10-01 0 days 1,894 sqft
2021-11-01 0 days 938 sqft
2021-12-01 0 days 950 sqft
2022-01-01 0 days 1,715 sqft
2022-02-01 0 days 1,333 sqft
2022-03-01 0 days 1,900 sqft
2022-04-01 0 days 1,830 sqft
2022-05-01 0 days 1,874 sqft
2022-06-01 0 days 1,851 sqft
Magnolia's median listing age (time on market) for 2022-06-01 was 0 days.

Magnolia's median square footage for active listings during the 2022-06-01 period was 1,851 sqft. One year prior, the average listing was 2,566 sqft.