Magnolia Mortgage Rates

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    • 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.