Magnolia Mortgage Rates
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% |
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. LouisDate | 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 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. LouisDate | 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 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.