Malone Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Malone averaged
6.86%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.29% and
one month ago for the week of 2023-02-09, the
average rate was 6.28%.
Malone's average rate one year ago was 4.31%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.85%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Malone 30 Year Fixed Rate | 2023-03-16 | 6.86% |
Malone 30 Year Fixed Rate Refi | 2023-03-16 | 6.85% |
Malone 15 Year Fixed Rate | 2023-03-16 | 6.66% |
Malone 15 Year Fixed Rate Refi | 2023-03-16 | 6.63% |
Malone 30 Year FHA | 2023-03-16 | 6.72% |
Malone 30 Year FHA Refi | 2023-03-16 | 7.15% |
Malone 30 Year USDA | 2023-03-16 | 6.85% |
Malone 30 Year USDA Refi | 2023-03-16 | 6.52% |
Malone 30 Year VA | 2023-03-16 | 6.71% |
Malone 30 Year VA Refi | 2023-03-16 | 6.32% |
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 51 lenders originated 782
loans during 2021. The total origination value was $135,280,000, with an average loan value of
$172,992.
Malone's average closing costs are $4,003.
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 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 | 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 fourth place, with 5.8%, is PARAGON HOME LOANS INC., having originated $7,895,000 in loans. In fifth place, with 5.8%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $7,845,000 in loans.
Malone Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Malone (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 | $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 | $154,950 (-2.6%) | $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 (19.0%) | $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%) | $450,477 (15.5%) | 0.00 | 143 |
2022-11-01 | $202,250 (27.0%) | $449,298 (23.6%) | 0.00 | 139 |
2022-12-01 | $215,000 (35.2%) | $434,842 (16.8%) | 0.00 | 125 |
2023-01-01 | $185,725 (12.2%) | $415,004 (12.7%) | 0.00 | 116 |
2023-02-01 | $189,000 (18.9%) | $416,549 (40.2%) | 0.00 | 113 |
Malone's median listing price comes in at 0% of the national average.
Malone's average listing price for 2023-02-01 was $416,549, a difference of $119,434 (40.2%) versus the prior year and $1,545 versus the prior month.
For the 2023-02-01 period, Malone had 113 MLS listings, a difference of -3 listings (-3%) versus the prior month and 9 listings (9%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Malone (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 1,628 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 |
Malone's median square footage for active listings during the 2023-02-01 period was 1,584 sqft. One year prior, the average listing was 1,512 sqft.
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.