Malone Mortgage Rates

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  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Loan Attributes
  • Market Conditions & Pricing
  • Time on Market/Property Size
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Malone averaged 6.17% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

    The average rate for the prior week (2022-06-16) was 6.34% and one month ago for the week of 2022-05-19, the average rate was 5.51%.

    Malone's average rate one year ago was 3.17%.

    For refis of the same type during the week of 2022-06-23, the average rate was 6.06%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2022-06-23 5.81%
    Malone 30 Year Fixed Rate 2022-06-23 6.17%
    Malone 30 Year Fixed Rate Refi 2022-06-23 6.06%
    Malone 15 Year Fixed Rate 2022-06-23 5.78%
    Malone 15 Year Fixed Rate Refi 2022-06-23 5.55%
    Malone 30 Year FHA 2022-06-23 0.17%
    Malone 30 Year FHA Refi 2022-06-23 0.4%
    Malone 30 Year USDA 2022-06-23 0.36%
    Malone 30 Year USDA Refi 2022-06-23 -0.38%
    Malone 30 Year VA 2022-06-23 0.57%
    Malone 30 Year VA Refi 2022-06-23 0.28%
    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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Community Bank 58 3.50% $1,246
    QUICKEN LOANS, LLC 36 3.17% $5,712
    HOMESTEAD FUNDING CORP. 25 3.49% $3,540
    PARAGON HOME LOANS INC. 23 2.99% $3,317
    CROSSCOUNTRY MORTGAGE, LLC 21 3.26% $5,395
    KeyBank 16 2.82% $4,032
    NBT Bank 13 3.08% $4,156
    SEFCU SERVICES, LLC 7 3.04% $3,488
    Wells Fargo Bank 6 2.94% $4,700
    CCFCU FUNDING, LLC 6 3.21% $3,621
    U.S. Bank 5 3.03% $5,604
    Farm Credit East, ACA 5 3.60% $6,288
    AMERICU Credit Union 5 3.43% $3,901
    FREEDOM MORTGAGE CORPORATION 3 3.63% $4,681
    Bank of America 3 2.79% $3,988
    Flagstar Bank, FSB 3 3.25% $5,790
    JPMorgan Chase Bank 3 2.75% $4,730
    LOANDEPOT.COM, LLC 3 2.92% $4,962
    PNC Bank 3 3.21% $4,573
    Mr. Cooper ( Nationstar Mortgage ) 2 3.38% $3,983
    ROYAL UNITED MORTGAGE LLC 2 3.31% $9,321
    Adirondack Bank 2 3.13% $4,268
    TD Bank 2 2.88% $2,756
    Premium Mortgage Corporation 2 2.75% $4,382
    Citizens Bank 2 2.94% $3,711
    FINANCE OF AMERICA MORTGAGE LLC 2 3.62% $14,333
    Morgan Stanley Private Bank 2 2.43% $10,307
    1ST PRIORITY MORTGAGE, INC. 2 3.31% $4,980
    MOVEMENT MORTGAGE, LLC 1 3.25% $3,484
    NBKC BANK 1 2.88% $1,987
    BETTER MORTGAGE CORPORATION 1 3.25% $4,079
    NEWREZ LLC 1 3.99% $10,554
    NORTHERN CREDIT UNION 1 3.25% $4,689
    Bethpage Federal Credit Union 1 2.88% $3,617
    Pathfinder Bank 1 3.38% $3,180
    PHH Mortgage Corporation 1 2.88% $9,111
    PLAZA HOME MORTGAGE, INC. 1 3.25% $4,414
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.50% $8,789
    Axos Bank 1 2.88% $2,681
    ARC HOME LLC 1 3.13% $4,897
    The Camden National Bank 1 2.88% $4,782
    First Home Bank 1 3.63% $6,128
    The Lyons National Bank 1 3.88% $9,004
    Glens Falls National Bank and Trust Company 1 3.13% $2,886
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.75% $4,222
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.25% $4,583
    TIAA, FSB 1 2.88% $6,430
    CALIBER HOME LOANS, INC. 1 2.38% $2,383
    AMERICAN FINANCIAL NETWORK, INC. 1 2.75% $11,984
    Manufacturers and Traders Trust Company 1 3.38% $4,933
    MID-ISLAND MORTGAGE CORP. 1 3.13% $4,401

    Malone, NY's 51 lenders originated 782 loans during 2021. The total origination value was $135,280,000, with an average loan value of $172,992.

    The top Malone lender as defined by loan originations is Community Bank, with 58 loans originated. Their average total fees are $1,246, which is $4,466 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Malone lenders (with over 10 loans originated) are Community Bank ($1,246), PARAGON HOME LOANS INC. ($3,317), HOMESTEAD FUNDING CORP. ($3,540), KeyBank ($4,032) and NBT Bank ($4,156).

    The lowest rate Malone lenders (with over 10 loans originated) are KeyBank (2.82%), PARAGON HOME LOANS INC. (2.99%), NBT Bank (3.08%), QUICKEN LOANS, LLC (3.17%) and CROSSCOUNTRY MORTGAGE, LLC (3.26%).

    Malone, NY 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
    Community Bank $16,850,000 $24,875,000 47.6% 18.4%
    QUICKEN LOANS, LLC $11,315,000 $15,210,000 34.4% 11.2%
    KeyBank $6,980,000 $8,205,000 17.6% 6.1%
    PARAGON HOME LOANS INC. $8,125,000 $7,895,000 -2.8% 5.8%
    CROSSCOUNTRY MORTGAGE, LLC $4,295,000 $7,845,000 82.7% 5.8%
    HOMESTEAD FUNDING CORP. $7,435,000 $7,775,000 4.6% 5.7%
    NBT Bank $8,350,000 $6,635,000 -20.5% 4.9%
    Morgan Stanley Private Bank $1,925,000 $5,135,000 166.8% 3.8%
    Wells Fargo Bank $710,000 $3,880,000 446.5% 2.9%
    U.S. Bank $745,000 $2,335,000 213.4% 1.7%
    SEFCU SERVICES, LLC $390,000 $2,140,000 448.7% 1.6%
    Bank of America $1,305,000 $1,945,000 49.0% 1.4%
    CCFCU FUNDING, LLC $555,000 $1,820,000 227.9% 1.3%
    JPMorgan Chase Bank $5,775,000 $1,800,000 -68.8% 1.3%
    Farm Credit East, ACA $1,665,000 $1,640,000 -1.5% 1.2%
    Mr. Cooper ( Nationstar Mortgage ) $680,000 $1,545,000 127.2% 1.1%
    FREEDOM MORTGAGE CORPORATION $545,000 $1,540,000 182.6% 1.1%
    Adirondack Bank $1,920,000 $1,500,000 -21.9% 1.1%
    Glens Falls National Bank and Trust Company $1,180,000 $1,380,000 16.9% 1.0%
    Premium Mortgage Corporation $75,000 $1,375,000 1,733.3% 1.0%
    NEWREZ LLC $1,310,000 n/a 1.0%
    Manufacturers and Traders Trust Company $950,000 $1,295,000 36.3% 1.0%
    Citizens Bank $1,120,000 $1,280,000 14.3% 0.9%
    Mortgage Research Center, LLC $525,000 $1,185,000 125.7% 0.9%
    PNC Bank $1,115,000 n/a 0.8%
    LOANDEPOT.COM, LLC $1,515,000 $1,095,000 -27.7% 0.8%
    Valley National Bank $1,085,000 n/a 0.8%
    The Lyons National Bank $655,000 $995,000 51.9% 0.7%
    FINANCE OF AMERICA MORTGAGE LLC $980,000 n/a 0.7%
    Pathfinder Bank $2,110,000 $945,000 -55.2% 0.7%
    TD Bank $155,000 $945,000 509.7% 0.7%
    AMERICU Credit Union $460,000 $915,000 98.9% 0.7%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $105,000 $905,000 761.9% 0.7%
    The Federal Savings Bank $680,000 $905,000 33.1% 0.7%
    NAVY FEDERAL CREDIT UNION $110,000 $775,000 604.5% 0.6%
    1ST PRIORITY MORTGAGE, INC. $115,000 $740,000 543.5% 0.5%
    TIAA, FSB $215,000 $725,000 237.2% 0.5%
    The Camden National Bank $685,000 n/a 0.5%
    Flagstar Bank, FSB $210,000 $665,000 216.7% 0.5%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $450,000 n/a 0.3%
    NORTHERN CREDIT UNION $45,000 $410,000 811.1% 0.3%
    CALIBER HOME LOANS, INC. $405,000 n/a 0.3%
    BETTER MORTGAGE CORPORATION $585,000 $400,000 -31.6% 0.3%
    USAA Federal Savings Bank $1,655,000 $375,000 -77.3% 0.3%
    ROYAL UNITED MORTGAGE LLC $490,000 $370,000 -24.5% 0.3%
    Axos Bank $365,000 n/a 0.3%
    First National Bank of Scotia $345,000 n/a 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $155,000 $345,000 122.6% 0.3%
    HOME POINT FINANCIAL CORPORATION $185,000 $330,000 78.4% 0.2%
    Vibrant Credit Union $325,000 n/a 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $165,000 $310,000 87.9% 0.2%
    21ST MORTGAGE CORPORATION $1,185,000 $305,000 -74.3% 0.2%
    MOVEMENT MORTGAGE, LLC $145,000 $300,000 106.9% 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $490,000 $290,000 -40.8% 0.2%
    PHH Mortgage Corporation $285,000 n/a 0.2%
    NJ LENDERS CORP. $275,000 n/a 0.2%
    PLAZA HOME MORTGAGE, INC. $175,000 $275,000 57.1% 0.2%
    Barrington Bank & Trust Company, N.A. $240,000 n/a 0.2%
    NBKC BANK $235,000 n/a 0.2%
    Magnolia Bank $450,000 $215,000 -52.2% 0.2%
    STATE EMPLOYEES FEDERAL CREDIT UNION $210,000 $215,000 2.4% 0.2%
    First Home Bank $210,000 n/a 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $190,000 $205,000 7.9% 0.2%
    Berkshire Bank $1,620,000 $205,000 -87.3% 0.2%
    PLANET HOME LENDING, LLC $205,000 n/a 0.2%
    CREDIT HUMAN FEDERAL CREDIT UNION $65,000 $200,000 207.7% 0.1%
    ARC HOME LLC $755,000 $195,000 -74.2% 0.1%
    MID-ISLAND MORTGAGE CORP. $195,000 n/a 0.1%
    UNITED WHOLESALE MORTGAGE, LLC $705,000 $180,000 -74.5% 0.1%
    The National Bank of Coxsackie $175,000 n/a 0.1%
    OWNERSCHOICE FUNDING, INCORPORATED $910,000 $170,000 -81.3% 0.1%
    Carrington Mortgage Services, LLC $280,000 $165,000 -41.1% 0.1%
    MLB RESIDENTIAL LENDING, LLC $450,000 $135,000 -70.0% 0.1%
    ALLIANT CREDIT UNION $125,000 n/a 0.1%
    Equity Prime Mortgage LLC $185,000 $125,000 -32.4% 0.1%
    TEMPLE VIEW CAPITAL FUNDING, LP $125,000 n/a 0.1%
    Bank of England $115,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $425,000 $115,000 -72.9% 0.1%
    CORNING $110,000 $85,000 -22.7% 0.1%
    Bethpage Federal Credit Union $65,000 n/a 0.0%
    TRIAD FINANCIAL SERVICES, INC. $65,000 n/a 0.0%
    Discover Bank $100,000 $55,000 -45.0% 0.0%
    LAND HOME FINANCIAL SERVICES, INC. $55,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $75,000 $25,000 -66.7% 0.0%

    Malone's top lender by overall market share is Community Bank, with 18.4% market share. In second place, with 11.2%, is QUICKEN LOANS, LLC, having originated $15,210,000 in loans. In third place, with 6.1%, is KeyBank, having originated $8,205,000 in loans. In third place, with 5.8%, is PARAGON HOME LOANS INC., having originated $7,895,000 in loans. In third place, with 5.8%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $7,845,000 in loans.

    Malone, NY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 385 $73,185,000 $190,091
    Refi 254 $35,010,000 $137,835
    Cash Out Refi 94 $19,120,000 $203,404
    Home Improvement 38 $2,860,000 $75,263
    Other 11 $5,105,000 $464,091

    Malone's most frequently cited loan purpose was Home Purchase, with 385 originations. The 2nd most popular reason was Refi, with 254 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 350 $56,970,000 $162,771
    2.5-3% 277 $48,485,000 $175,036
    <2.5% 116 $25,310,000 $218,190
    4-5% 16 $2,560,000 $160,000
    5-6% 10 $840,000 $84,000
    6-7% 8 $390,000 $48,750
    Over 8% 2 $190,000 $95,000
    7-8% 1 $15,000 $15,000

    During 2021, Malone's most frequently originated rate bucket was 3-4%, with 350 originations.

    Loan Sizing (Malone, NY MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 318 $45,380,000 $142,704
    $100,000 or less 263 $18,245,000 $69,373
    $200k-400k 154 $41,090,000 $266,818
    $400k-600k 30 $14,170,000 $472,333
    $600k-1000k 11 $7,955,000 $723,182
    $Over $1MM 6 $8,440,000 $1,406,667

    Malone's loan sizing saw the bucket of loans from $100k-200k with 318 originations, totaling $45,380,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 330 $56,670,000 $171,727
    60-80% 268 $54,610,000 $203,769
    40-60% 110 $17,460,000 $158,727
    20-40% 39 $2,825,000 $72,436
    Under 20% 23 $1,235,000 $53,696
    Over 100% 4 $920,000 $230,000

    Malone's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 330 originations, totaling $56,670,000 in origination value.

    Market Conditions (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 (3.6%) $273,389 (12.3%) 0.00 346
    2018-02-01 $129,250 (3.4%) $294,452 (18.0%) 0.00 346
    2018-03-01 $134,900 (2.6%) $291,267 (8.4%) 0.00 345
    2018-04-01 $135,000 (2.3%) $293,658 (11.3%) 0.00 354
    2018-05-01 $154,950 (15.4%) $303,167 (14.2%) 0.00 368
    2018-06-01 $164,900 (18.6%) $311,819 (11.6%) 0.00 386
    2018-07-01 $165,250 (18.9%) $331,532 (17.8%) 0.00 419
    2018-08-01 $165,000 (18.7%) $328,752 (20.1%) 0.00 409
    2018-09-01 $165,000 (22.3%) $337,466 (19.8%) 0.00 381
    2018-10-01 $146,750 (10.8%) $324,912 (19.8%) 0.00 356
    2018-11-01 $140,000 (3.8%) $328,798 (26.0%) 0.00 320
    2018-12-01 $139,900 (7.6%) $326,903 (23.7%) 0.00 307
    2019-01-01 $139,500 (7.7%) $311,887 (14.1%) 0.00 273
    2019-02-01 $139,950 (8.3%) $324,307 (10.1%) 0.00 266
    2019-03-01 $148,529 (10.1%) $335,267 (15.1%) 0.00 270
    2019-04-01 $159,950 (18.5%) $338,741 (15.4%) 0.00 280
    2019-05-01 $149,950 (-3.2%) $347,924 (14.8%) 0.00 305
    2019-06-01 $165,000 (0.1%) $362,800 (16.4%) 0.00 324
    2019-07-01 $175,000 (5.9%) $397,815 (20.0%) 0.00 336
    2019-08-01 $174,786 (5.9%) $412,732 (25.5%) 0.00 334
    2019-09-01 $171,750 (4.1%) $406,302 (20.4%) 0.00 328
    2019-10-01 $165,000 (12.4%) $393,189 (21.0%) 0.00 329
    2019-11-01 $159,000 (13.6%) $377,919 (14.9%) 0.00 299
    2019-12-01 $149,500 (6.9%) $388,470 (18.8%) 0.00 273
    2020-01-01 $146,950 (5.3%) $374,152 (20.0%) 0.00 257
    2020-02-01 $154,900 (10.7%) $356,932 (10.1%) 0.00 254
    2020-03-01 $156,450 (5.3%) $359,656 (7.3%) 0.00 248
    2020-04-01 $171,950 (7.5%) $389,981 (15.1%) 0.00 232
    2020-05-01 $175,000 (16.7%) $417,506 (20.0%) 0.00 220
    2020-06-01 $186,500 (13.0%) $449,824 (24.0%) 0.00 221
    2020-07-01 $183,000 (4.6%) $431,893 (8.6%) 0.00 237
    2020-08-01 $179,900 (2.9%) $417,101 (1.1%) 0.00 220
    2020-09-01 $189,700 (10.5%) $423,665 (4.3%) 0.00 219
    2020-10-01 $179,000 (8.5%) $376,402 (-4.3%) 0.00 211
    2020-11-01 $165,250 (3.9%) $340,354 (-9.9%) 0.00 199
    2020-12-01 $165,250 (10.5%) $363,853 (-6.3%) 0.00 174
    2021-01-01 $160,000 (8.9%) $354,778 (-5.2%) 0.00 158
    2021-02-01 $149,950 (-3.2%) $365,343 (2.4%) 0.00 139
    2021-03-01 $165,500 (5.8%) $390,855 (8.7%) 0.00 126
    2021-04-01 $147,000 (-14.5%) $426,480 (9.4%) 0.00 113
    2021-05-01 $179,900 (2.8%) $453,375 (8.6%) 0.00 114
    2021-06-01 $184,450 (-1.1%) $447,155 (-0.6%) 0.00 119
    2021-07-01 $182,450 (-0.3%) $476,214 (10.3%) 0.00 125
    2021-08-01 $187,450 (4.2%) $457,776 (9.8%) 0.00 135
    2021-09-01 $185,000 (-2.5%) $406,754 (-4.0%) 0.00 135
    2021-10-01 $175,000 (-2.2%) $398,672 (5.9%) 0.00 136
    2021-11-01 $158,500 (-4.1%) $362,670 (6.6%) 0.00 130
    2021-12-01 $154,450 (-6.5%) $380,311 (4.5%) 0.00 117
    2022-01-01 $165,500 (3.4%) $380,854 (7.4%) 0.00 103
    2022-02-01 $154,450 (3.0%) $323,558 (-11.4%) 0.00 104
    2022-03-01 $160,950 (-2.8%) $304,154 (-22.2%) 0.00 99
    2022-04-01 $165,500 (12.6%) $316,123 (-25.9%) 0.00 102
    2022-05-01 $201,000 (11.7%) $339,665 (-25.1%) 0.00 110
    Malone's median listing price for 2022-05-01 was $201,000, a difference of $21,100 (11.7%) versus the prior year and $35,500 versus the prior month.

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

    Malone's average listing price for 2022-05-01 was $339,665, a difference of $-113,710 (-25.1%) versus the prior year and $23,542 versus the prior month.

    For the 2022-05-01 period, Malone had 110 MLS listings, a difference of 8 listings (8%) versus the prior month and -4 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 1,559 sqft
    2018-02-01 0 days 1,555 sqft
    2018-03-01 0 days 1,551 sqft
    2018-04-01 0 days 1,567 sqft
    2018-05-01 0 days 1,559 sqft
    2018-06-01 0 days 1,560 sqft
    2018-07-01 0 days 1,558 sqft
    2018-08-01 0 days 1,567 sqft
    2018-09-01 0 days 1,588 sqft
    2018-10-01 0 days 1,575 sqft
    2018-11-01 0 days 1,586 sqft
    2018-12-01 0 days 1,585 sqft
    2019-01-01 0 days 1,614 sqft
    2019-02-01 0 days 1,627 sqft
    2019-03-01 0 days 1,650 sqft
    2019-04-01 0 days 1,676 sqft
    2019-05-01 0 days 1,633 sqft
    2019-06-01 0 days 1,633 sqft
    2019-07-01 0 days 1,632 sqft
    2019-08-01 0 days 1,629 sqft
    2019-09-01 0 days 1,624 sqft
    2019-10-01 0 days 1,646 sqft
    2019-11-01 0 days 1,633 sqft
    2019-12-01 0 days 1,642 sqft
    2020-01-01 0 days 1,631 sqft
    2020-02-01 0 days 1,629 sqft
    2020-03-01 0 days 1,677 sqft
    2020-04-01 0 days 1,684 sqft
    2020-05-01 0 days 1,700 sqft
    2020-06-01 0 days 1,731 sqft
    2020-07-01 0 days 1,791 sqft
    2020-08-01 0 days 1,767 sqft
    2020-09-01 0 days 1,768 sqft
    2020-10-01 0 days 1,742 sqft
    2020-11-01 0 days 1,724 sqft
    2020-12-01 0 days 1,666 sqft
    2021-01-01 0 days 1,637 sqft
    2021-02-01 0 days 1,639 sqft
    2021-03-01 0 days 1,656 sqft
    2021-04-01 0 days 1,616 sqft
    2021-05-01 0 days 1,680 sqft
    2021-06-01 0 days 1,739 sqft
    2021-07-01 0 days 1,793 sqft
    2021-08-01 0 days 1,703 sqft
    2021-09-01 0 days 1,702 sqft
    2021-10-01 0 days 1,680 sqft
    2021-11-01 0 days 1,638 sqft
    2021-12-01 0 days 1,712 sqft
    2022-01-01 0 days 1,752 sqft
    2022-02-01 0 days 1,484 sqft
    2022-03-01 0 days 1,443 sqft
    2022-04-01 0 days 1,560 sqft
    2022-05-01 0 days 1,566 sqft
    Malone's median listing age (time on market) for 2022-05-01 was 0 days.

    Malone's median square footage for active listings during the 2022-05-01 period was 1,566 sqft. One year prior, the average listing was 1,680 sqft.