Malone Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Malone averaged
6.83%
for the week of 2025-07-10, compared to the national average of
6.72% for the same period.
The average rate for the prior week (2025-07-03) was
6.78% and
one month ago for the week of 2025-06-05, the
average rate was 6.96%.
Malone's average rate one year ago was 7.36%.
For refis of the same type during the week of 2025-07-10, the average rate
was 6.92%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-10 | 6.72% |
| Malone 30 Year Fixed Rate | 2025-07-10 | 6.83% |
| Malone 30 Year Fixed Rate Refi | 2025-07-10 | 6.92% |
| Malone 15 Year Fixed Rate | 2025-07-10 | 6.06% |
| Malone 15 Year Fixed Rate Refi | 2025-07-10 | 6.06% |
| Malone 30 Year FHA | 2025-07-10 | 6.42% |
| Malone 30 Year FHA Refi | 2025-07-10 | 6.72% |
| Malone 30 Year USDA | 2025-07-10 | 6.55% |
| Malone 30 Year USDA Refi | 2025-07-10 | 6.45% |
| Malone 30 Year VA | 2025-07-10 | 6.37% |
| Malone 30 Year VA Refi | 2025-07-10 | 6.27% |
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.).
Malone Average Closing Costs & Other Stats
Malone, NY's 35 lenders originated 353
loans during 2024. The total origination value was $58,995,000, with an average loan value of
$167,125.
Malone's average closing costs are $4,342.
The top Malone lender as defined by loan originations is Community Bank, with
54 loans originated. Their average total fees are
$1,606, which is $5,308
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Malone lenders (with over 10 loans originated) are
Community Bank ($1,606), MOVEMENT MORTGAGE, LLC ($4,857), QUICKEN LOANS, LLC ($6,913), .
The lowest rate Malone lenders (with over 10 loans originated) are
MOVEMENT MORTGAGE, LLC (6.72%), QUICKEN LOANS, LLC (6.89%), Community Bank (7.25%), .
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Community Bank | $14,965,000 | $16,800,000 | 12.3% | 28.5% |
| QUICKEN LOANS, LLC | $4,855,000 | $5,905,000 | 21.6% | 10.0% |
| AMERICU Credit Union | $125,000 | $3,800,000 | 2,940.0% | 6.4% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $740,000 | $2,920,000 | 294.6% | 4.9% |
| NBT Bank | $3,135,000 | $2,320,000 | -26.0% | 3.9% |
| MOVEMENT MORTGAGE, LLC | $1,175,000 | $1,770,000 | 50.6% | 3.0% |
| Glens Falls National Bank and Trust Company | $2,195,000 | $1,620,000 | -26.2% | 2.7% |
| KeyBank | $1,215,000 | $1,515,000 | 24.7% | 2.6% |
| M&T Bank | $1,230,000 | n/a | 2.1% | |
| HOMESTEAD FUNDING CORP. | $3,975,000 | $1,195,000 | -69.9% | 2.0% |
| Adirondack Bank | $1,905,000 | $1,130,000 | -40.7% | 1.9% |
| Farm Credit East, ACA | $1,255,000 | $1,095,000 | -12.7% | 1.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,240,000 | $1,055,000 | -52.9% | 1.8% |
| SEFCU SERVICES, LLC | $1,835,000 | $960,000 | -47.7% | 1.6% |
| Hometown Equity Mortgage, LLC | $915,000 | n/a | 1.6% | |
| UNITED WHOLESALE MORTGAGE, LLC | $445,000 | $885,000 | 98.9% | 1.5% |
| MID AMERICA MORTGAGE, INC. | $145,000 | $850,000 | 486.2% | 1.4% |
| A&D Mortgage LLC | $175,000 | $655,000 | 274.3% | 1.1% |
| Mortgage Research Center, LLC | $870,000 | $625,000 | -28.2% | 1.1% |
| Barrington Bank & Trust Company, N.A. | $230,000 | $585,000 | 154.3% | 1.0% |
| U.S. Bank | $785,000 | $540,000 | -31.2% | 0.9% |
| UBS Bank USA | $505,000 | n/a | 0.9% | |
| CFCU Community Credit Union | $500,000 | n/a | 0.8% | |
| 21ST MORTGAGE CORPORATION | $210,000 | $495,000 | 135.7% | 0.8% |
| EVERETT FINANCIAL, INC. | $460,000 | n/a | 0.8% | |
| Wells Fargo Bank | $735,000 | $460,000 | -37.4% | 0.8% |
| NJ LENDERS CORP. | $295,000 | $455,000 | 54.2% | 0.8% |
| First Federal Bank | $445,000 | n/a | 0.8% | |
| Citizens Bank | $1,125,000 | $410,000 | -63.6% | 0.7% |
| ROYAL UNITED MORTGAGE LLC | $390,000 | n/a | 0.7% | |
| PENNYMAC LOAN SERVICES, LLC | $175,000 | $385,000 | 120.0% | 0.7% |
| The Federal Savings Bank | $380,000 | n/a | 0.6% | |
| OceanFirst Bank | $375,000 | n/a | 0.6% | |
| Bethpage Federal Credit Union | $355,000 | n/a | 0.6% | |
| GREYLOCK | $335,000 | n/a | 0.6% | |
| LOANDEPOT.COM, LLC | $335,000 | n/a | 0.6% | |
| NORTHERN CREDIT UNION | $3,530,000 | $335,000 | -90.5% | 0.6% |
| Flagstar Bank, FSB | $315,000 | n/a | 0.5% | |
| RELIANCE FIRST CAPITAL, LLC | $300,000 | n/a | 0.5% | |
| Mr. Cooper ( Nationstar Mortgage ) | $650,000 | $280,000 | -56.9% | 0.5% |
| Bank of America | $1,145,000 | $270,000 | -76.4% | 0.5% |
| TOTAL MORTGAGE SERVICES, LLC | $265,000 | n/a | 0.4% | |
| NAVY FEDERAL CREDIT UNION | $1,485,000 | $260,000 | -82.5% | 0.4% |
| SUNMARK FEDERAL CREDIT UNION | $245,000 | $255,000 | 4.1% | 0.4% |
| JPMorgan Chase Bank | $1,285,000 | $245,000 | -80.9% | 0.4% |
| CMG MORTGAGE, INC. | $385,000 | $215,000 | -44.2% | 0.4% |
| Carrington Mortgage Services, LLC | $205,000 | n/a | 0.3% | |
| TD Bank | $1,030,000 | $205,000 | -80.1% | 0.3% |
| Charles Schwab Bank, SSB | $175,000 | n/a | 0.3% | |
| Genesee Regional Bank | $175,000 | n/a | 0.3% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $155,000 | n/a | 0.3% | |
| ALLIANT CREDIT UNION | $115,000 | n/a | 0.2% | |
| BROKER SOLUTIONS, INC. | $105,000 | n/a | 0.2% | |
| Empower Federal Credit Union | $90,000 | n/a | 0.2% | |
| STATE EMPLOYEES FEDERAL CREDIT UNION | $1,200,000 | $70,000 | -94.2% | 0.1% |
| Discover Bank | $105,000 | $45,000 | -57.1% | 0.1% |
Malone's top lender by overall market share is Community Bank, with 28.5% market share. In second place, with 10.0%, is QUICKEN LOANS, LLC, having originated $5,905,000 in loans. In third place, with 6.4%, is AMERICU Credit Union, having originated $3,800,000 in loans. In fourth place, with 4.9%, is ABSOLUTE HOME MORTGAGE CORPORATION, having originated $2,920,000 in loans. In fifth place, with 3.9%, is NBT Bank, having originated $2,320,000 in loans.
Malone, NY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 205 | $42,185,000 | $205,780 |
| Home Improvement | 58 | $4,590,000 | $79,138 |
| Refi | 35 | $4,485,000 | $128,143 |
| Cash Out Refi | 30 | $5,230,000 | $174,333 |
| Other | 25 | $2,505,000 | $100,200 |
Malone's most frequently cited loan purpose was Home Purchase, with 205 originations. The 2nd most popular reason was Home Improvement, with 58 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 143 | $27,345,000 | $191,224 |
| 7-8% | 112 | $17,160,000 | $153,214 |
| Over 8% | 49 | $6,125,000 | $125,000 |
| 5-6% | 38 | $7,570,000 | $199,211 |
| <2.5% | 5 | $165,000 | $33,000 |
| 3-4% | 3 | $285,000 | $95,000 |
| 4-5% | 2 | $260,000 | $130,000 |
| 2.5-3% | 1 | $85,000 | $85,000 |
During 2024, Malone's most frequently originated rate bucket was 6-7%, with 143 originations.
Loan Sizing (Malone, NY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 136 | $20,060,000 | $147,500 |
| $100,000 or less | 118 | $6,640,000 | $56,271 |
| $200k-400k | 82 | $21,730,000 | $265,000 |
| $400k-600k | 10 | $4,930,000 | $493,000 |
| $600k-1000k | 6 | $4,510,000 | $751,667 |
| $Over $1MM | 1 | $1,125,000 | $1,125,000 |
Malone's loan sizing saw the bucket of loans from $100k-200k with 136 originations, totaling $20,060,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 157 | $30,235,000 | $192,580 |
| 60-80% | 76 | $15,840,000 | $208,421 |
| 20-40% | 50 | $4,120,000 | $82,400 |
| 40-60% | 33 | $6,465,000 | $195,909 |
| Under 20% | 33 | $1,395,000 | $42,273 |
| Over 100% | 3 | $745,000 | $248,333 |
Malone's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 157 originations, totaling $30,235,000 in origination value.