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 6.56% for the week of 2024-02-15, compared to the national average of 6.77% for the same period.

The average rate for the prior week (2024-02-08) was 6.33% and one month ago for the week of 2024-01-11, the average rate was 6.45%.

Malone's average rate one year ago was 5.81%.

For refis of the same type during the week of 2024-02-15, the average rate was 6.87%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-15 6.77%
Malone 30 Year Fixed Rate 2024-02-15 6.56%
Malone 30 Year Fixed Rate Refi 2024-02-15 6.87%
Malone 15 Year Fixed Rate 2024-02-15 6.12%
Malone 15 Year Fixed Rate Refi 2024-02-15 6.52%
Malone 30 Year FHA 2024-02-15 6.51%
Malone 30 Year FHA Refi 2024-02-15 6.71%
Malone 30 Year USDA 2024-02-15 6.49%
Malone 30 Year USDA Refi 2024-02-15 6.69%
Malone 30 Year VA 2024-02-15 6.36%
Malone 30 Year VA Refi 2024-02-15 6.36%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Community Bank 48 5.31% $1,234
QUICKEN LOANS, LLC 23 5.31% $6,031
HOMESTEAD FUNDING CORP. 18 4.58% $3,282
CROSSCOUNTRY MORTGAGE, LLC 15 5.30% $6,476
PARAGON HOME LOANS INC. 15 4.73% $5,939
KeyBank 9 4.34% $3,414
UNITED WHOLESALE MORTGAGE, LLC 8 4.48% $7,143
NBT Bank 7 4.11% $4,566
NORTHERN CREDIT UNION 6 5.46% $5,975
U.S. Bank 5 4.10% $7,448
MOVEMENT MORTGAGE, LLC 4 5.99% $5,183
Wells Fargo Bank 3 4.46% $6,264
SEFCU SERVICES, LLC 3 3.63% $2,841
Mr. Cooper ( Nationstar Mortgage ) 3 4.79% $4,505
Wilmington Savings Fund Society, FSB 2 4.13% $20,597
AMERICU Credit Union 2 4.13% $2,978
CCFCU FUNDING, LLC 2 4.38% $3,944
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.56% $8,217
Flagstar Bank, FSB 2 6.39% $6,119
M&T Bank 2 3.31% $5,288
PLAZA HOME MORTGAGE, INC. 2 4.81% $5,583
Raymond James Bank 2 2.44% $6,592
21ST MORTGAGE CORPORATION 2 5.93% $5,803
Farm Credit East, ACA 1 4.35% $12,775
Notre Dame Federal Credit Union Corporation 1 6.88% $7,270
EVERETT FINANCIAL, INC. 1 6.88% $4,490
AgFirst Farm Credit Bank 1 5.00% $5,932
PNC Bank 1 6.38% $5,057
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 4.13% $4,286
Adirondack Bank 1 4.50% $5,281
ROYAL UNITED MORTGAGE LLC 1 5.50% $5,274
Citizens Bank 1 5.50% $3,697
TD Bank 1 4.00% $2,488
UNITED MORTGAGE CORP 1 5.63% $5,829
LOANDEPOT.COM, LLC 1 4.63% $7,739
Ally Bank 1 4.75% $4,642
NAVY FEDERAL CREDIT UNION 1 5.38% $4,299
JPMorgan Chase Bank 1 6.75% $3,600

Malone Average Closing Costs & Other Stats

Malone, NY's 38 lenders originated 527 loans during 2022. The total origination value was $93,115,000, with an average loan value of $176,689.

Malone's average closing costs are $4,189.

The top Malone lender as defined by loan originations is Community Bank, with 48 loans originated. Their average total fees are $1,234, which is $4,798 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Malone lenders (with over 10 loans originated) are Community Bank ($1,234), HOMESTEAD FUNDING CORP. ($3,282), PARAGON HOME LOANS INC. ($5,939), QUICKEN LOANS, LLC ($6,031) and CROSSCOUNTRY MORTGAGE, LLC ($6,476).

The lowest rate Malone lenders (with over 10 loans originated) are HOMESTEAD FUNDING CORP. (4.58%), PARAGON HOME LOANS INC. (4.73%), CROSSCOUNTRY MORTGAGE, LLC (5.30%), Community Bank (5.31%) and QUICKEN LOANS, LLC (5.31%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Community Bank $24,875,000 $14,810,000 -40.5% 15.9%
QUICKEN LOANS, LLC $15,210,000 $6,750,000 -55.6% 7.2%
HOMESTEAD FUNDING CORP. $7,775,000 $6,255,000 -19.5% 6.7%
CROSSCOUNTRY MORTGAGE, LLC $7,845,000 $5,845,000 -25.5% 6.3%
Wells Fargo Bank $3,880,000 $5,210,000 34.3% 5.6%
M&T Realty Capital Corporation $4,835,000 n/a 5.2%
PARAGON HOME LOANS INC. $7,895,000 $4,385,000 -44.5% 4.7%
KeyBank $8,205,000 $4,050,000 -50.6% 4.3%
NBT Bank $6,635,000 $3,505,000 -47.2% 3.8%
The Adirondack Trust Company $3,100,000 n/a 3.3%
UNITED WHOLESALE MORTGAGE, LLC $180,000 $2,760,000 1,433.3% 3.0%
U.S. Bank $2,335,000 $2,500,000 7.1% 2.7%
Adirondack Bank $1,500,000 $2,225,000 48.3% 2.4%
Raymond James Bank $1,910,000 n/a 2.1%
NORTHERN CREDIT UNION $410,000 $1,870,000 356.1% 2.0%
Wilmington Savings Fund Society, FSB $1,690,000 n/a 1.8%
Mortgage Research Center, LLC $1,185,000 $1,510,000 27.4% 1.6%
MOVEMENT MORTGAGE, LLC $300,000 $1,360,000 353.3% 1.5%
LOANDEPOT.COM, LLC $1,095,000 $1,055,000 -3.7% 1.1%
USAA Federal Savings Bank $375,000 $910,000 142.7% 1.0%
Citizens Bank $1,280,000 $830,000 -35.2% 0.9%
HOME TOWN FUNDING, INC. $755,000 n/a 0.8%
Mr. Cooper ( Nationstar Mortgage ) $1,545,000 $740,000 -52.1% 0.8%
SEFCU SERVICES, LLC $2,140,000 $725,000 -66.1% 0.8%
FREEDOM MORTGAGE CORPORATION $1,540,000 $660,000 -57.1% 0.7%
21ST MORTGAGE CORPORATION $305,000 $640,000 109.8% 0.7%
M&T Bank $1,295,000 $555,000 -57.1% 0.6%
AMERICU Credit Union $915,000 $515,000 -43.7% 0.6%
NAVY FEDERAL CREDIT UNION $775,000 $515,000 -33.5% 0.6%
MID AMERICA MORTGAGE, INC. $505,000 n/a 0.5%
AMERICAN FINANCIAL RESOURCES, INC. $205,000 $495,000 141.5% 0.5%
ABSOLUTE HOME MORTGAGE CORPORATION $490,000 n/a 0.5%
PLAZA HOME MORTGAGE, INC. $275,000 $485,000 76.4% 0.5%
PNC Bank $1,115,000 $485,000 -56.5% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $290,000 $470,000 62.1% 0.5%
CALIBER HOME LOANS, INC. $405,000 $465,000 14.8% 0.5%
Flagstar Bank, FSB $665,000 $465,000 -30.1% 0.5%
Farm Credit East, ACA $1,640,000 $460,000 -72.0% 0.5%
Glens Falls National Bank and Trust Company $1,380,000 $410,000 -70.3% 0.4%
Empower Federal Credit Union $395,000 n/a 0.4%
Chemung Canal Trust Company $385,000 n/a 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $905,000 $375,000 -58.6% 0.4%
TD Bank $945,000 $340,000 -64.0% 0.4%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $285,000 n/a 0.3%
CCFCU FUNDING, LLC $1,820,000 $250,000 -86.3% 0.3%
STATE EMPLOYEES FEDERAL CREDIT UNION $215,000 $250,000 16.3% 0.3%
TRIAD FINANCIAL SERVICES, INC. $65,000 $250,000 284.6% 0.3%
Bank of England $115,000 $240,000 108.7% 0.3%
Barrington Bank & Trust Company, N.A. $240,000 $240,000 0.0% 0.3%
Berkshire Bank $205,000 $225,000 9.8% 0.2%
EVERETT FINANCIAL, INC. $205,000 n/a 0.2%
The Canandaigua National Bank and Trust Company $205,000 n/a 0.2%
AgFirst Farm Credit Bank $195,000 n/a 0.2%
CREDIT HUMAN FEDERAL CREDIT UNION $200,000 $185,000 -7.5% 0.2%
Notre Dame Federal Credit Union Corporation $185,000 n/a 0.2%
The Lyons National Bank $995,000 $165,000 -83.4% 0.2%
Bank of America $1,945,000 $155,000 -92.0% 0.2%
BNC National Bank $155,000 n/a 0.2%
NJ LENDERS CORP. $275,000 $135,000 -50.9% 0.1%
Ally Bank $125,000 n/a 0.1%
CORNING $85,000 $125,000 47.1% 0.1%
PLANET HOME LENDING, LLC $205,000 $125,000 -39.0% 0.1%
CAPITAL COMMUNICATIONS Federal Credit Union $105,000 n/a 0.1%
JPMorgan Chase Bank $1,800,000 $105,000 -94.2% 0.1%
UNITED MORTGAGE CORP. $105,000 n/a 0.1%
GHS Federal Credit Union $95,000 n/a 0.1%
Citibank $85,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $370,000 $85,000 -77.0% 0.1%
Pathfinder Bank $945,000 $25,000 -97.4% 0.0%

Malone's top lender by overall market share is Community Bank, with 15.9% market share. In second place, with 7.2%, is QUICKEN LOANS, LLC, having originated $6,750,000 in loans. In third place, with 6.7%, is HOMESTEAD FUNDING CORP., having originated $6,255,000 in loans. In fourth place, with 6.3%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $5,845,000 in loans. In fifth place, with 5.6%, is Wells Fargo Bank, having originated $5,210,000 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 $129,500 (3.9%) $264,545 (9.4%) 0.00 334
2018-02-01 $127,125 (1.7%) $284,638 (15.3%) 0.00 333
2018-03-01 $130,000 (-0.9%) $282,008 (9.4%) 0.00 330
2018-04-01 $135,000 (3.9%) $287,983 (10.4%) 0.00 338
2018-05-01 $159,125 (18.8%) $299,270 (13.2%) 0.00 348
2018-06-01 $165,000 (18.7%) $304,451 (13.6%) 0.00 369
2018-07-01 $166,125 (18.7%) $325,365 (19.5%) 0.00 402
2018-08-01 $162,500 (16.1%) $318,738 (18.6%) 0.00 400
2018-09-01 $165,000 (22.2%) $328,384 (19.0%) 0.00 376
2018-10-01 $148,725 (10.3%) $317,149 (20.7%) 0.00 350
2018-11-01 $142,250 (5.4%) $322,605 (25.4%) 0.00 314
2018-12-01 $140,000 (7.7%) $319,411 (23.3%) 0.00 296
2019-01-01 $140,000 (8.1%) $308,911 (16.8%) 0.00 266
2019-02-01 $140,000 (10.1%) $318,459 (11.9%) 0.00 263
2019-03-01 $149,857 (15.3%) $330,767 (17.3%) 0.00 266
2019-04-01 $161,225 (19.4%) $333,609 (15.8%) 0.00 272
2019-05-01 $154,225 (-3.1%) $344,066 (15.0%) 0.00 297
2019-06-01 $165,000 (0.0%) $359,622 (18.1%) 0.00 319
2019-07-01 $175,000 (5.3%) $396,139 (21.8%) 0.00 329
2019-08-01 $172,245 (6.0%) $409,935 (28.6%) 0.00 329
2019-09-01 $168,114 (1.9%) $400,460 (22.0%) 0.00 325
2019-10-01 $164,950 (10.9%) $392,039 (23.6%) 0.00 322
2019-11-01 $159,900 (12.4%) $379,111 (17.5%) 0.00 288
2019-12-01 $150,250 (7.3%) $387,586 (21.3%) 0.00 264
2020-01-01 $148,250 (5.9%) $373,452 (20.9%) 0.00 249
2020-02-01 $159,000 (13.6%) $359,063 (12.8%) 0.00 244
2020-03-01 $163,450 (9.1%) $356,928 (7.9%) 0.00 242
2020-04-01 $174,975 (8.5%) $383,130 (14.8%) 0.00 224
2020-05-01 $184,450 (19.6%) $403,011 (17.1%) 0.00 214
2020-06-01 $189,900 (15.1%) $447,012 (24.3%) 0.00 215
2020-07-01 $190,950 (9.1%) $438,061 (10.6%) 0.00 228
2020-08-01 $189,900 (10.3%) $422,437 (3.1%) 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 (5.2%) $343,531 (-8.0%) 0.00 154
2021-02-01 $149,950 (-5.7%) $353,921 (-1.4%) 0.00 135
2021-03-01 $165,500 (1.3%) $373,021 (4.5%) 0.00 124
2021-04-01 $145,000 (-17.1%) $399,663 (4.3%) 0.00 112
2021-05-01 $179,900 (-2.5%) $442,279 (9.7%) 0.00 114
2021-06-01 $189,450 (-0.2%) $432,891 (-3.2%) 0.00 123
2021-07-01 $187,250 (-1.9%) $472,018 (7.8%) 0.00 132
2021-08-01 $198,000 (4.3%) $445,472 (5.5%) 0.00 143
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 $159,225 (-3.7%) $363,381 (9.7%) 0.00 134
2021-12-01 $159,000 (-3.9%) $372,315 (4.5%) 0.00 119
2022-01-01 $165,500 (6.1%) $368,347 (7.2%) 0.00 104
2022-02-01 $159,000 (6.0%) $297,115 (-16.1%) 0.00 104
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 (16.7%) $491,250 (10.3%) 0.00 159
2022-09-01 $227,000 (9.4%) $476,877 (15.8%) 0.00 154
2022-10-01 $215,000 (16.2%) $448,623 (15.0%) 0.00 143
2022-11-01 $200,750 (26.1%) $446,242 (22.8%) 0.00 138
2022-12-01 $210,000 (32.1%) $431,545 (15.9%) 0.00 124
2023-01-01 $184,450 (11.5%) $411,194 (11.6%) 0.00 115
2023-02-01 $189,000 (18.9%) $412,801 (38.9%) 0.00 112
2023-03-01 $218,500 (36.6%) $419,133 (48.6%) 0.00 110
2023-04-01 $215,000 (29.9%) $448,650 (51.9%) 0.00 102
2023-05-01 $236,975 (16.3%) $474,972 (43.0%) 0.00 115
2023-06-01 $229,750 (15.2%) $478,249 (19.4%) 0.00 133
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 (28.2%) 0.00 145
2023-11-01 $249,000 (24.0%) $608,433 (36.4%) 0.00 132
Malone's median listing price for 2023-11-01 was $249,000, a difference of $48,250 (24.0%) versus the prior year and $-450 versus the prior month.

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

Malone's average listing price for 2023-11-01 was $608,433, a difference of $162,191 (36.4%) versus the prior year and $33,455 versus the prior month.

For the 2023-11-01 period, Malone had 132 MLS listings, a difference of -13 listings (-9%) versus the prior month and -6 listings (-4%) 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 1,558 sqft
2018-02-01 0 days 1,551 sqft
2018-03-01 0 days 1,550 sqft
2018-04-01 0 days 1,557 sqft
2018-05-01 0 days 1,563 sqft
2018-06-01 0 days 1,552 sqft
2018-07-01 0 days 1,564 sqft
2018-08-01 0 days 1,563 sqft
2018-09-01 0 days 1,587 sqft
2018-10-01 0 days 1,581 sqft
2018-11-01 0 days 1,596 sqft
2018-12-01 0 days 1,604 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 1,621 sqft
2020-02-01 0 days 1,616 sqft
2020-03-01 0 days 1,656 sqft
2020-04-01 0 days 1,675 sqft
2020-05-01 0 days 1,680 sqft
2020-06-01 0 days 1,720 sqft
2020-07-01 0 days 1,776 sqft
2020-08-01 0 days 1,744 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 1,626 sqft
2021-12-01 0 days 1,651 sqft
2022-01-01 0 days 1,752 sqft
2022-02-01 0 days 1,512 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 1,725 sqft
2023-05-01 0 days 1,725 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
Malone's median listing age (time on market) for 2023-11-01 was 0 days.

Malone's median square footage for active listings during the 2023-11-01 period was 1,666 sqft. One year prior, the average listing was 1,662 sqft.

Malone, NY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 311 $66,435,000 $213,617
Refi 97 $12,295,000 $126,753
Cash Out Refi 44 $5,990,000 $136,136
Home Improvement 42 $3,430,000 $81,667
Other 33 $4,965,000 $150,455

Malone's most frequently cited loan purpose was Home Purchase, with 311 originations. The 2nd most popular reason was Refi, with 97 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 144 $22,340,000 $155,139
3-4% 116 $21,210,000 $182,845
4-5% 111 $20,445,000 $184,189
6-7% 52 $7,420,000 $142,692
<2.5% 43 $5,105,000 $118,721
2.5-3% 33 $5,815,000 $176,212
7-8% 19 $2,255,000 $118,684
Over 8% 5 $475,000 $95,000

During 2022, Malone's most frequently originated rate bucket was 5-6%, with 144 originations.

Loan Sizing (Malone, NY MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 221 $31,475,000 $142,421
$100,000 or less 185 $11,945,000 $64,568
$200k-400k 97 $25,795,000 $265,928
$400k-600k 13 $6,085,000 $468,077
$Over $1MM 7 $14,675,000 $2,096,429
$600k-1000k 4 $3,140,000 $785,000

Malone's loan sizing saw the bucket of loans from $100k-200k with 221 originations, totaling $31,475,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 243 $43,415,000 $178,663
60-80% 146 $28,050,000 $192,123
40-60% 51 $5,805,000 $113,824
20-40% 45 $5,445,000 $121,000
Under 20% 34 $1,610,000 $47,353
Over 100% 3 $595,000 $198,333

Malone's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 243 originations, totaling $43,415,000 in origination value.