Malone Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Malone averaged 6.1% for the week of 2024-10-03, compared to the national average of 6.12% for the same period.

The average rate for the prior week (2024-09-26) was 6.16% and one month ago for the week of 2024-08-29, the average rate was 6.03%.

Malone's average rate one year ago was 6.99%.

For refis of the same type during the week of 2024-10-03, the average rate was 6.22%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-03 6.12%
Malone 30 Year Fixed Rate 2024-10-03 6.1%
Malone 30 Year Fixed Rate Refi 2024-10-03 6.22%
Malone 15 Year Fixed Rate 2024-10-03 5.25%
Malone 15 Year Fixed Rate Refi 2024-10-03 5.15%
Malone 30 Year FHA 2024-10-03 5.89%
Malone 30 Year FHA Refi 2024-10-03 5.99%
Malone 30 Year USDA 2024-10-03 6.17%
Malone 30 Year USDA Refi 2024-10-03 5.77%
Malone 30 Year VA 2024-10-03 5.5%
Malone 30 Year VA Refi 2024-10-03 5.6%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Malone, NY.

Malone 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 Malone, NY 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
Community Bank 50 6.86% $852
QUICKEN LOANS, LLC 17 6.78% $6,012
NORTHERN CREDIT UNION 9 6.22% $4,667
HOMESTEAD FUNDING CORP. 8 6.53% $3,102
PARAGON HOME LOANS INC. 7 6.61% $4,952
SEFCU SERVICES, LLC 6 6.08% $4,422
Farm Credit East, ACA 5 7.49% $5,902
KeyBank 5 6.38% $4,742
Adirondack Bank 4 5.59% $3,896
CROSSCOUNTRY MORTGAGE, LLC 4 6.41% $7,830
Glens Falls National Bank and Trust Company 4 5.75% $3,573
MOVEMENT MORTGAGE, LLC 4 6.67% $4,275
U.S. Bank 3 6.67% $3,171
JPMorgan Chase Bank 3 7.08% $4,430
UNITED WHOLESALE MORTGAGE, LLC 2 6.50% $6,344
BETTER MORTGAGE CORPORATION 2 6.19% $4,182
TD Bank 2 7.25% $7,555
Citizens Bank 2 6.94% $5,662
NBT Bank 2 6.38% $5,343
Mr. Cooper ( Nationstar Mortgage ) 2 7.00% $10,353
Wells Fargo Bank 2 6.94% $4,359
NAVY FEDERAL CREDIT UNION 2 7.13% $3,193
ABSOLUTE HOME MORTGAGE CORPORATION 2 7.06% $4,780
Morgan Stanley Private Bank 1 5.90% $6,535
A&D Mortgage LLC 1 10.25% $9,124
AMERICU Credit Union 1 5.50% $3,895
Bank of America 1 5.00% $4,627
CMG MORTGAGE, INC. 1 6.75% $7,201
GUARANTEED RATE, INC. 1 7.45% $5,915
HOME TOWN FUNDING, INC. 1 7.25% $3,920
1ST PRIORITY MORTGAGE, INC. 1 6.38% $4,570
NJ LENDERS CORP. 1 8.25% $9,741
PENNYMAC LOAN SERVICES, LLC 1 7.63% $5,764
PLANET HOME LENDING, LLC 1 6.63% $3,255
Prosperity Home Mortgage, LLC 1 8.63% $10,703
US MORTGAGE CORPORATION 1 6.88% $7,965

Malone Average Closing Costs & Other Stats

Malone, NY's 36 lenders originated 394 loans during 2023. The total origination value was $74,550,000, with an average loan value of $189,213.

Malone's average closing costs are $4,236.

The top Malone lender as defined by loan originations is Community Bank, with 50 loans originated. Their average total fees are $852, which is $5,160 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Malone lenders (with over 10 loans originated) are Community Bank ($852), QUICKEN LOANS, LLC ($6,012), .

The lowest rate Malone lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.78%), Community Bank (6.86%), .

Malone, NY 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
Community Bank $14,810,000 $14,965,000 1.0% 20.1%
Webster Bank $12,655,000 n/a 17.0%
QUICKEN LOANS, LLC $6,750,000 $4,855,000 -28.1% 6.5%
HOMESTEAD FUNDING CORP. $6,255,000 $3,975,000 -36.5% 5.3%
NORTHERN CREDIT UNION $1,870,000 $3,530,000 88.8% 4.7%
NBT Bank $3,505,000 $3,135,000 -10.6% 4.2%
CROSSCOUNTRY MORTGAGE, LLC $5,845,000 $2,240,000 -61.7% 3.0%
Glens Falls National Bank and Trust Company $410,000 $2,195,000 435.4% 2.9%
Adirondack Bank $2,225,000 $1,905,000 -14.4% 2.6%
SEFCU SERVICES, LLC $725,000 $1,835,000 153.1% 2.5%
PARAGON HOME LOANS INC. $4,385,000 $1,620,000 -63.1% 2.2%
NAVY FEDERAL CREDIT UNION $515,000 $1,485,000 188.3% 2.0%
JPMorgan Chase Bank $105,000 $1,285,000 1,123.8% 1.7%
Farm Credit East, ACA $460,000 $1,255,000 172.8% 1.7%
KeyBank $4,050,000 $1,215,000 -70.0% 1.6%
STATE EMPLOYEES FEDERAL CREDIT UNION $250,000 $1,200,000 380.0% 1.6%
MOVEMENT MORTGAGE, LLC $1,360,000 $1,175,000 -13.6% 1.6%
Bank of America $155,000 $1,145,000 638.7% 1.5%
Citizens Bank $830,000 $1,125,000 35.5% 1.5%
TD Bank $340,000 $1,030,000 202.9% 1.4%
Mortgage Research Center, LLC $1,510,000 $870,000 -42.4% 1.2%
U.S. Bank $2,500,000 $785,000 -68.6% 1.1%
ABSOLUTE HOME MORTGAGE CORPORATION $490,000 $740,000 51.0% 1.0%
Wells Fargo Bank $5,210,000 $735,000 -85.9% 1.0%
Mr. Cooper ( Nationstar Mortgage ) $740,000 $650,000 -12.2% 0.9%
UNITED WHOLESALE MORTGAGE, LLC $2,760,000 $445,000 -83.9% 0.6%
HOME TOWN FUNDING, INC. $755,000 $425,000 -43.7% 0.6%
PLAZA HOME MORTGAGE, INC. $485,000 $395,000 -18.6% 0.5%
TRIAD FINANCIAL SERVICES, INC. $250,000 $395,000 58.0% 0.5%
CMG MORTGAGE, INC. $385,000 n/a 0.5%
Prosperity Home Mortgage, LLC $385,000 n/a 0.5%
Ballston Spa National Bank $380,000 n/a 0.5%
BETTER MORTGAGE CORPORATION $320,000 n/a 0.4%
1ST PRIORITY MORTGAGE, INC. $315,000 n/a 0.4%
Morgan Stanley Private Bank $305,000 n/a 0.4%
NJ LENDERS CORP. $135,000 $295,000 118.5% 0.4%
PENTAGON FEDERAL CREDIT UNION $280,000 n/a 0.4%
SUNMARK FEDERAL CREDIT UNION $245,000 n/a 0.3%
Barrington Bank & Trust Company, N.A. $240,000 $230,000 -4.2% 0.3%
Carthage Federal Savings and Loan Association $225,000 n/a 0.3%
21ST MORTGAGE CORPORATION $640,000 $210,000 -67.2% 0.3%
USAA Federal Savings Bank $910,000 $195,000 -78.6% 0.3%
US MORTGAGE CORPORATION $185,000 n/a 0.2%
A&D Mortgage LLC $175,000 n/a 0.2%
PENNYMAC LOAN SERVICES, LLC $175,000 n/a 0.2%
GUARANTEED RATE, INC. $145,000 n/a 0.2%
MID AMERICA MORTGAGE, INC. $505,000 $145,000 -71.3% 0.2%
The National Bank of Coxsackie $145,000 n/a 0.2%
AMERICU Credit Union $515,000 $125,000 -75.7% 0.2%
Pathfinder Bank $25,000 $110,000 340.0% 0.1%
Discover Bank $105,000 n/a 0.1%
PLANET HOME LENDING, LLC $125,000 $105,000 -16.0% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $185,000 $45,000 -75.7% 0.1%

Malone's top lender by overall market share is Community Bank, with 20.1% market share. In second place, with 17.0%, is Webster Bank, having originated $12,655,000 in loans. In third place, with 6.5%, is QUICKEN LOANS, LLC, having originated $4,855,000 in loans. In fourth place, with 5.3%, is HOMESTEAD FUNDING CORP., having originated $3,975,000 in loans. In fifth place, with 4.7%, is NORTHERN CREDIT UNION, having originated $3,530,000 in loans.


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

Realtor.com - Malone (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 $129,800 (3.8%) $265,022 (9.1%) 0.00 335
2018-02-01 $129,250 (1.0%) $284,957 (14.8%) 0.00 334
2018-03-01 $134,900 (2.6%) $282,329 (8.9%) 0.00 331
2018-04-01 $135,000 (3.1%) $288,533 (10.1%) 0.00 337
2018-05-01 $159,250 (18.5%) $300,161 (13.1%) 0.00 348
2018-06-01 $165,000 (18.7%) $305,298 (13.7%) 0.00 369
2018-07-01 $167,000 (18.2%) $326,180 (19.7%) 0.00 402
2018-08-01 $163,500 (16.8%) $319,257 (18.7%) 0.00 400
2018-09-01 $165,000 (22.2%) $328,774 (18.8%) 0.00 376
2018-10-01 $149,000 (10.4%) $316,988 (20.3%) 0.00 351
2018-11-01 $142,313 (5.4%) $322,411 (24.9%) 0.00 315
2018-12-01 $140,000 (5.7%) $319,215 (22.9%) 0.00 297
2019-01-01 $140,000 (7.9%) $308,728 (16.5%) 0.00 267
2019-02-01 $140,000 (8.3%) $318,459 (11.8%) 0.00 263
2019-03-01 $149,857 (11.1%) $330,767 (17.2%) 0.00 266
2019-04-01 $161,225 (19.4%) $333,609 (15.6%) 0.00 272
2019-05-01 $154,225 (-3.2%) $344,066 (14.6%) 0.00 297
2019-06-01 $165,000 (0.0%) $359,622 (17.8%) 0.00 319
2019-07-01 $175,000 (4.8%) $396,139 (21.5%) 0.00 329
2019-08-01 $172,245 (5.4%) $409,935 (28.4%) 0.00 329
2019-09-01 $168,114 (1.9%) $400,460 (21.8%) 0.00 325
2019-10-01 $164,950 (10.7%) $392,039 (23.7%) 0.00 322
2019-11-01 $159,900 (12.4%) $379,111 (17.6%) 0.00 288
2019-12-01 $150,250 (7.3%) $387,586 (21.4%) 0.00 264
2020-01-01 $147,000 (5.0%) $372,468 (20.7%) 0.00 250
2020-02-01 $158,250 (13.0%) $358,091 (12.4%) 0.00 245
2020-03-01 $162,200 (8.2%) $355,976 (7.6%) 0.00 243
2020-04-01 $174,950 (8.5%) $382,466 (14.6%) 0.00 225
2020-05-01 $184,450 (19.6%) $403,011 (17.1%) 0.00 214
2020-06-01 $189,300 (14.7%) $444,672 (23.7%) 0.00 216
2020-07-01 $190,425 (8.8%) $436,483 (10.2%) 0.00 229
2020-08-01 $189,900 (10.3%) $421,869 (2.9%) 0.00 215
2020-09-01 $189,900 (13.0%) $414,205 (3.4%) 0.00 213
2020-10-01 $179,000 (8.5%) $366,006 (-6.6%) 0.00 204
2020-11-01 $165,375 (3.4%) $331,332 (-12.6%) 0.00 191
2020-12-01 $165,500 (10.2%) $356,234 (-8.1%) 0.00 172
2021-01-01 $156,000 (6.1%) $343,531 (-7.8%) 0.00 154
2021-02-01 $149,950 (-5.2%) $353,921 (-1.2%) 0.00 135
2021-03-01 $165,500 (2.0%) $373,021 (4.8%) 0.00 124
2021-04-01 $145,000 (-17.1%) $399,663 (4.5%) 0.00 112
2021-05-01 $179,900 (-2.5%) $442,279 (9.7%) 0.00 114
2021-06-01 $189,450 (0.1%) $432,891 (-2.7%) 0.00 123
2021-07-01 $187,250 (-1.7%) $472,018 (8.1%) 0.00 132
2021-08-01 $199,000 (4.8%) $445,085 (5.5%) 0.00 144
2021-09-01 $207,500 (9.3%) $411,977 (-0.5%) 0.00 147
2021-10-01 $185,000 (3.4%) $390,100 (6.6%) 0.00 141
2021-11-01 $159,000 (-3.9%) $362,508 (9.4%) 0.00 134
2021-12-01 $159,000 (-3.9%) $370,366 (4.0%) 0.00 120
2022-01-01 $165,500 (6.1%) $366,148 (6.6%) 0.00 105
2022-02-01 $156,725 (4.5%) $295,486 (-16.5%) 0.00 105
2022-03-01 $159,975 (-3.3%) $282,080 (-24.4%) 0.00 100
2022-04-01 $165,500 (14.1%) $295,352 (-26.1%) 0.00 104
2022-05-01 $203,750 (13.3%) $332,151 (-24.9%) 0.00 112
2022-06-01 $199,500 (5.3%) $400,394 (-7.5%) 0.00 140
2022-07-01 $210,000 (12.2%) $495,021 (4.9%) 0.00 159
2022-08-01 $231,000 (16.1%) $491,250 (10.4%) 0.00 159
2022-09-01 $227,000 (9.4%) $476,877 (15.8%) 0.00 154
2022-10-01 $215,000 (16.2%) $450,477 (15.5%) 0.00 143
2022-11-01 $202,250 (27.2%) $449,298 (23.9%) 0.00 139
2022-12-01 $215,000 (35.2%) $434,842 (17.4%) 0.00 125
2023-01-01 $185,725 (12.2%) $415,004 (13.3%) 0.00 116
2023-02-01 $189,000 (20.6%) $416,549 (41.0%) 0.00 113
2023-03-01 $218,500 (36.6%) $419,133 (48.6%) 0.00 110
2023-04-01 $212,500 (28.4%) $445,304 (50.8%) 0.00 101
2023-05-01 $235,250 (15.5%) $472,295 (42.2%) 0.00 114
2023-06-01 $229,750 (15.2%) $478,859 (19.6%) 0.00 131
2023-07-01 $249,500 (18.8%) $475,524 (-3.9%) 0.00 158
2023-08-01 $249,000 (7.8%) $487,141 (-0.8%) 0.00 161
2023-09-01 $249,900 (10.1%) $603,926 (26.6%) 0.00 156
2023-10-01 $249,450 (16.0%) $574,978 (27.6%) 0.00 145
2023-11-01 $249,000 (23.1%) $608,433 (35.4%) 0.00 132
2023-12-01 $249,450 (16.0%) $613,042 (41.0%) 0.00 125
2024-01-01 $249,238 (34.2%) $624,549 (50.5%) 0.00 109
2024-02-01 $263,250 (39.3%) $706,094 (69.5%) 0.00 98
2024-03-01 $265,000 (21.3%) $684,831 (63.4%) 0.00 101
2024-04-01 $267,750 (26.0%) $664,480 (49.2%) 0.00 105
2024-05-01 $268,500 (14.1%) $629,167 (33.2%) 0.00 132
2024-06-01 $249,000 (8.4%) $619,377 (29.3%) 0.00 144
2024-07-01 $234,500 (-6.0%) $583,722 (22.8%) 0.00 155
2024-08-01 $239,000 (-4.0%) $572,201 (17.5%) 0.00 171
2024-09-01 $238,250 (-4.7%) $566,980 (-6.1%) 0.00 176
Malone's median listing price for 2024-09-01 was $238,250, a difference of $-11,650 (-4.7%) versus the prior year and $-750 versus the prior month.

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

Malone's average listing price for 2024-09-01 was $566,980, a difference of $-36,946 (-6.1%) versus the prior year and $-5,221 versus the prior month.

For the 2024-09-01 period, Malone had 176 MLS listings, a difference of 5 listings (3%) versus the prior month and 20 listings (13%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Malone (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,556 sqft
2018-02-01 0 days 1,551 sqft
2018-03-01 0 days 1,550 sqft
2018-04-01 0 days 1,559 sqft
2018-05-01 0 days 1,563 sqft
2018-06-01 0 days 1,556 sqft
2018-07-01 0 days 1,565 sqft
2018-08-01 0 days 1,565 sqft
2018-09-01 0 days 1,586 sqft
2018-10-01 0 days 1,577 sqft
2018-11-01 0 days 1,593 sqft
2018-12-01 0 days 1,600 sqft
2019-01-01 0 days 1,620 sqft
2019-02-01 0 days 1,631 sqft
2019-03-01 0 days 1,657 sqft
2019-04-01 0 days 1,672 sqft
2019-05-01 0 days 1,627 sqft
2019-06-01 0 days 1,630 sqft
2019-07-01 0 days 1,624 sqft
2019-08-01 0 days 1,624 sqft
2019-09-01 0 days 1,624 sqft
2019-10-01 0 days 1,626 sqft
2019-11-01 0 days 1,621 sqft
2019-12-01 0 days 1,625 sqft
2020-01-01 0 days 1,620 sqft
2020-02-01 0 days 1,616 sqft
2020-03-01 0 days 1,651 sqft
2020-04-01 0 days 1,673 sqft
2020-05-01 0 days 1,680 sqft
2020-06-01 0 days 1,717 sqft
2020-07-01 0 days 1,776 sqft
2020-08-01 0 days 1,742 sqft
2020-09-01 0 days 1,754 sqft
2020-10-01 0 days 1,728 sqft
2020-11-01 0 days 1,711 sqft
2020-12-01 0 days 1,650 sqft
2021-01-01 0 days 1,633 sqft
2021-02-01 0 days 1,590 sqft
2021-03-01 0 days 1,637 sqft
2021-04-01 0 days 1,577 sqft
2021-05-01 0 days 1,669 sqft
2021-06-01 0 days 1,676 sqft
2021-07-01 0 days 1,785 sqft
2021-08-01 0 days 1,666 sqft
2021-09-01 0 days 1,675 sqft
2021-10-01 0 days 1,674 sqft
2021-11-01 0 days 1,625 sqft
2021-12-01 0 days 1,650 sqft
2022-01-01 0 days 1,738 sqft
2022-02-01 0 days 1,506 sqft
2022-03-01 0 days 1,454 sqft
2022-04-01 0 days 1,563 sqft
2022-05-01 0 days 1,555 sqft
2022-06-01 0 days 1,518 sqft
2022-07-01 0 days 1,588 sqft
2022-08-01 0 days 1,705 sqft
2022-09-01 0 days 1,664 sqft
2022-10-01 0 days 1,649 sqft
2022-11-01 0 days 1,662 sqft
2022-12-01 0 days 1,608 sqft
2023-01-01 0 days 1,544 sqft
2023-02-01 0 days 1,584 sqft
2023-03-01 0 days 1,625 sqft
2023-04-01 0 days 1,718 sqft
2023-05-01 0 days 1,713 sqft
2023-06-01 0 days 1,650 sqft
2023-07-01 0 days 1,649 sqft
2023-08-01 0 days 1,610 sqft
2023-09-01 0 days 1,666 sqft
2023-10-01 0 days 1,629 sqft
2023-11-01 0 days 1,666 sqft
2023-12-01 0 days 1,715 sqft
2024-01-01 0 days 1,699 sqft
2024-02-01 0 days 1,695 sqft
2024-03-01 0 days 1,657 sqft
2024-04-01 0 days 1,646 sqft
2024-05-01 0 days 1,636 sqft
2024-06-01 0 days 1,600 sqft
2024-07-01 0 days 1,604 sqft
2024-08-01 0 days 1,611 sqft
2024-09-01 0 days 1,584 sqft
Malone's median listing age (time on market) for 2024-09-01 was 0 days.

Malone's median square footage for active listings during the 2024-09-01 period was 1,584 sqft. One year prior, the average listing was 1,666 sqft.

Malone, NY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 231 $57,265,000 $247,900
Home Improvement 68 $5,270,000 $77,500
Refi 32 $3,270,000 $102,188
Cash Out Refi 32 $5,140,000 $160,625
Other 31 $3,605,000 $116,290

Malone's most frequently cited loan purpose was Home Purchase, with 231 originations. The 2nd most popular reason was Home Improvement, with 68 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 173 $29,065,000 $168,006
7-8% 79 $24,445,000 $309,430
5-6% 55 $11,795,000 $214,455
Over 8% 40 $3,660,000 $91,500
<2.5% 27 $2,565,000 $95,000
4-5% 8 $1,480,000 $185,000
3-4% 7 $735,000 $105,000

During 2023, Malone's most frequently originated rate bucket was 6-7%, with 173 originations.

Loan Sizing (Malone, NY MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 164 $23,520,000 $143,415
$100,000 or less 134 $7,800,000 $58,209
$200k-400k 76 $19,660,000 $258,684
$400k-600k 10 $4,550,000 $455,000
$600k-1000k 8 $5,250,000 $656,250
$Over $1MM 2 $13,770,000 $6,885,000

Malone's loan sizing saw the bucket of loans from $100k-200k with 164 originations, totaling $23,520,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 165 $29,785,000 $180,515
60-80% 88 $17,680,000 $200,909
20-40% 49 $3,805,000 $77,653
Under 20% 47 $3,205,000 $68,191
40-60% 37 $18,565,000 $501,757
Over 100% 3 $705,000 $235,000

Malone's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 165 originations, totaling $29,785,000 in origination value.