Marshall Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Marshall averaged
6.67%
for the week of 2023-03-23, compared to the national average of
6.42% for the same period.
The average rate for the prior week (2023-03-16) was
6.95% and
one month ago for the week of 2023-02-16, the
average rate was 6.67%.
Marshall's average rate one year ago was 4.26%.
For refis of the same type during the week of 2023-03-23, the average rate
was 6.91%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-23 | 6.42% |
Marshall 30 Year Fixed Rate | 2023-03-23 | 6.67% |
Marshall 30 Year Fixed Rate Refi | 2023-03-23 | 6.91% |
Marshall 15 Year Fixed Rate | 2023-03-23 | 5.89% |
Marshall 15 Year Fixed Rate Refi | 2023-03-23 | 6.29% |
Marshall 30 Year FHA | 2023-03-23 | 6.18% |
Marshall 30 Year FHA Refi | 2023-03-23 | 6.12% |
Marshall 30 Year USDA | 2023-03-23 | 6.19% |
Marshall 30 Year USDA Refi | 2023-03-23 | 6.12% |
Marshall 30 Year VA | 2023-03-23 | 6.06% |
Marshall 30 Year VA Refi | 2023-03-23 | 5.97% |
Marshall 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 Marshall, MN 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.).
Marshall Average Closing Costs & Other Stats
Marshall, MN's 46 lenders originated 424
loans during 2022. The total origination value was $73,580,000, with an average loan value of
$173,538.
Marshall's average closing costs are $4,001.
The top Marshall lender as defined by loan originations is Bremer Bank, with
42 loans originated. Their average total fees are
$4,454, which is $122
higher than the next largest lender,
Minnwest Bank.
The lowest fee Marshall lenders (with over 10 loans originated) are
U.S. Bank ($2,780), Wells Fargo Bank ($3,018), CRESCENT MORTGAGE COMPANY ($4,038), Minnwest Bank ($4,331) and Bremer Bank ($4,454).
The lowest rate Marshall lenders (with over 10 loans originated) are
Bremer Bank (4.94%), Wells Fargo Bank (5.01%), U.S. Bank (5.07%), QUICKEN LOANS, LLC (5.08%) and CRESCENT MORTGAGE COMPANY (5.14%).
Marshall, MN 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 |
---|---|---|---|---|
Bremer Bank | $19,720,000 | $13,030,000 | -33.9% | 17.7% |
Minnwest Bank | $2,045,000 | $5,365,000 | 162.3% | 7.3% |
UNITED WHOLESALE MORTGAGE, LLC | $7,590,000 | $5,150,000 | -32.1% | 7.0% |
First Dakota National Bank | $3,730,000 | $3,890,000 | 4.3% | 5.3% |
U.S. Bank | $9,330,000 | $3,770,000 | -59.6% | 5.1% |
QUICKEN LOANS, LLC | $9,355,000 | $3,395,000 | -63.7% | 4.6% |
The Greenwood's State Bank | $2,890,000 | n/a | 3.9% | |
Wells Fargo Bank | $5,990,000 | $2,205,000 | -63.2% | 3.0% |
Mortgage Research Center, LLC | $390,000 | $2,140,000 | 448.7% | 2.9% |
Bank of the West | $1,500,000 | $2,120,000 | 41.3% | 2.9% |
CRESCENT MORTGAGE COMPANY | $3,045,000 | $2,000,000 | -34.3% | 2.7% |
CROSSCOUNTRY MORTGAGE, LLC | $2,670,000 | $1,950,000 | -27.0% | 2.7% |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $3,345,000 | $1,775,000 | -46.9% | 2.4% |
Flagstar Bank, FSB | $2,000,000 | $1,615,000 | -19.3% | 2.2% |
Merchants Bank | $5,405,000 | $1,565,000 | -71.0% | 2.1% |
Plains Commerce Bank | $11,495,000 | $1,270,000 | -89.0% | 1.7% |
EVERETT FINANCIAL, INC. | $670,000 | $1,150,000 | 71.6% | 1.6% |
GUARANTEED RATE, INC. | $1,880,000 | $1,150,000 | -38.8% | 1.6% |
HomeTown Bank | $810,000 | $1,020,000 | 25.9% | 1.4% |
First Interstate Bank | $760,000 | n/a | 1.0% | |
First Bank & Trust | $1,275,000 | $755,000 | -40.8% | 1.0% |
NBKC BANK | $535,000 | n/a | 0.7% | |
CALIBER HOME LOANS, INC. | $600,000 | $515,000 | -14.2% | 0.7% |
Old National Bank | $730,000 | $505,000 | -30.8% | 0.7% |
Prosperity Home Mortgage, LLC | $775,000 | $505,000 | -34.8% | 0.7% |
MOVEMENT MORTGAGE, LLC | $265,000 | $495,000 | 86.8% | 0.7% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $525,000 | $460,000 | -12.4% | 0.6% |
Great Western Bank | $2,395,000 | $455,000 | -81.0% | 0.6% |
Mr. Cooper ( Nationstar Mortgage ) | $505,000 | $450,000 | -10.9% | 0.6% |
AMERISAVE MORTGAGE CORPORATION | $995,000 | $410,000 | -58.8% | 0.6% |
American Mortgage & Equity Consultants, Inc. | $345,000 | $395,000 | 14.5% | 0.5% |
Citizens Alliance Bank | $845,000 | $385,000 | -54.4% | 0.5% |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $765,000 | $385,000 | -49.7% | 0.5% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $590,000 | $380,000 | -35.6% | 0.5% |
First Western Bank & Trust | $355,000 | n/a | 0.5% | |
AFFINITY PLUS | $410,000 | $340,000 | -17.1% | 0.5% |
LOANDEPOT.COM, LLC | $540,000 | $335,000 | -38.0% | 0.5% |
Nations Lending Corporation | $335,000 | n/a | 0.5% | |
COMPEER FINANCIAL, FLCA | $605,000 | $330,000 | -45.5% | 0.4% |
Home Federal Savings Bank | $140,000 | $330,000 | 135.7% | 0.4% |
Carrington Mortgage Services, LLC | $255,000 | $320,000 | 25.5% | 0.4% |
BROKER SOLUTIONS, INC. | $940,000 | $310,000 | -67.0% | 0.4% |
AgCountry Farm Credit Services, FLCA | $295,000 | $300,000 | 1.7% | 0.4% |
IOWA BANKERS MORTGAGE CORPORATION | $295,000 | n/a | 0.4% | |
GUARANTEED RATE AFFINITY, LLC | $285,000 | n/a | 0.4% | |
HANCOCK MORTGAGE PARTNERS, LLC | $285,000 | n/a | 0.4% | |
Dacotah Bank | $95,000 | $265,000 | 178.9% | 0.4% |
PENNYMAC LOAN SERVICES, LLC | $955,000 | $260,000 | -72.8% | 0.4% |
CHURCHILL MORTGAGE CORPORATION | $515,000 | $245,000 | -52.4% | 0.3% |
American Bank & Trust | $195,000 | $225,000 | 15.4% | 0.3% |
HIWAY | $55,000 | $225,000 | 309.1% | 0.3% |
PREMIA MORTGAGE, LLC | $225,000 | n/a | 0.3% | |
First Savings Bank | $185,000 | n/a | 0.3% | |
Tradition Mortgage, LLC | $185,000 | n/a | 0.3% | |
Goldwater Bank, N.A. | $170,000 | n/a | 0.2% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $165,000 | n/a | 0.2% | |
EMBRACE HOME LOANS, INC. | $155,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $150,000 | n/a | 0.2% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $135,000 | n/a | 0.2% | |
First International Bank & Trust | $135,000 | n/a | 0.2% | |
FREEDOM MORTGAGE CORPORATION | $1,640,000 | $135,000 | -91.8% | 0.2% |
Ally Bank | $125,000 | n/a | 0.2% | |
SOUTHPOINT FINANCIAL | $1,050,000 | $125,000 | -88.1% | 0.2% |
JPMorgan Chase Bank | $290,000 | $120,000 | -58.6% | 0.2% |
Heritage Bank | $785,000 | $115,000 | -85.4% | 0.2% |
PHH Mortgage Corporation | $115,000 | n/a | 0.2% | |
PLAZA HOME MORTGAGE, INC. | $125,000 | $115,000 | -8.0% | 0.2% |
Associated Healthcare Credit Union | $110,000 | n/a | 0.1% | |
Low VA Rates, LLC | $175,000 | $105,000 | -40.0% | 0.1% |
Summit Mortgage Corporation | $105,000 | n/a | 0.1% | |
HOMESIDE FINANCIAL, LLC | $115,000 | $95,000 | -17.4% | 0.1% |
Signature Federal Credit Union | $55,000 | $95,000 | 72.7% | 0.1% |
Bank of America | $125,000 | $75,000 | -40.0% | 0.1% |
Paramount Residential Mortgage Group, Inc. | $75,000 | n/a | 0.1% | |
The Huntington National Bank | $225,000 | $75,000 | -66.7% | 0.1% |
USAA Federal Savings Bank | $75,000 | n/a | 0.1% | |
Discover Bank | $160,000 | $55,000 | -65.6% | 0.1% |
Servion, Inc. | $115,000 | $55,000 | -52.2% | 0.1% |
NEWREZ LLC | $1,175,000 | $45,000 | -96.2% | 0.1% |
NORTHWOODS | $45,000 | n/a | 0.1% | |
SPIRE Credit Union | $45,000 | n/a | 0.1% | |
Bank Midwest | $615,000 | $35,000 | -94.3% | 0.0% |
Marshall's top lender by overall market share is Bremer Bank, with 17.7% market share. In second place, with 7.3%, is Minnwest Bank, having originated $5,365,000 in loans. In third place, with 7.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $5,150,000 in loans. In fourth place, with 5.3%, is First Dakota National Bank, having originated $3,890,000 in loans. In fifth place, with 5.1%, is U.S. Bank, having originated $3,770,000 in loans.
Marshall Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Marshall (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 | $111,250 (-14.4%) | $145,003 (-6.5%) | 0.00 | 54 |
2018-02-01 | $113,225 (-15.5%) | $148,114 (-6.4%) | 0.00 | 57 |
2018-03-01 | $128,500 (-5.6%) | $152,538 (-4.8%) | 0.00 | 66 |
2018-04-01 | $140,702 (8.3%) | $156,690 (-0.4%) | 0.00 | 68 |
2018-05-01 | $142,475 (5.6%) | $150,268 (-5.3%) | 0.00 | 73 |
2018-06-01 | $129,950 (-10.3%) | $140,243 (-18.0%) | 0.00 | 79 |
2018-07-01 | $123,500 (-19.3%) | $141,636 (-18.3%) | 0.00 | 82 |
2018-08-01 | $131,750 (-6.2%) | $148,359 (-7.7%) | 0.00 | 87 |
2018-09-01 | $125,000 (0.0%) | $150,912 (-2.0%) | 0.00 | 93 |
2018-10-01 | $126,250 (1.0%) | $153,598 (0.0%) | 0.00 | 90 |
2018-11-01 | $146,000 (19.6%) | $160,965 (6.1%) | 0.00 | 97 |
2018-12-01 | $117,750 (-5.7%) | $152,272 (2.2%) | 0.00 | 93 |
2019-01-01 | $137,000 (23.2%) | $157,267 (8.5%) | 0.00 | 80 |
2019-02-01 | $141,000 (24.5%) | $161,189 (8.8%) | 0.00 | 87 |
2019-03-01 | $144,443 (12.4%) | $159,486 (4.6%) | 0.00 | 93 |
2019-04-01 | $144,393 (2.6%) | $155,250 (-0.9%) | 0.00 | 103 |
2019-05-01 | $145,950 (2.4%) | $159,574 (6.2%) | 0.00 | 98 |
2019-06-01 | $139,900 (7.7%) | $155,278 (10.7%) | 0.00 | 96 |
2019-07-01 | $142,225 (15.2%) | $157,664 (11.3%) | 0.00 | 118 |
2019-08-01 | $137,418 (4.3%) | $155,931 (5.1%) | 0.00 | 117 |
2019-09-01 | $134,370 (7.5%) | $154,780 (2.6%) | 0.00 | 115 |
2019-10-01 | $133,839 (6.0%) | $155,426 (1.2%) | 0.00 | 113 |
2019-11-01 | $139,900 (-4.2%) | $162,729 (1.1%) | 0.00 | 103 |
2019-12-01 | $135,925 (15.4%) | $159,787 (4.9%) | 0.00 | 89 |
2020-01-01 | $138,450 (1.1%) | $158,413 (0.7%) | 0.00 | 79 |
2020-02-01 | $124,000 (-12.1%) | $151,286 (-6.1%) | 0.00 | 83 |
2020-03-01 | $127,725 (-11.6%) | $153,915 (-3.5%) | 0.00 | 80 |
2020-04-01 | $127,450 (-11.7%) | $153,178 (-1.3%) | 0.00 | 85 |
2020-05-01 | $125,000 (-14.4%) | $156,612 (-1.9%) | 0.00 | 85 |
2020-06-01 | $139,575 (-0.2%) | $166,533 (7.3%) | 0.00 | 91 |
2020-07-01 | $134,425 (-5.5%) | $168,673 (7.0%) | 0.00 | 98 |
2020-08-01 | $123,750 (-10.0%) | $163,980 (5.2%) | 0.00 | 81 |
2020-09-01 | $116,375 (-13.4%) | $158,217 (2.2%) | 0.00 | 78 |
2020-10-01 | $119,750 (-10.5%) | $154,432 (-0.6%) | 0.00 | 80 |
2020-11-01 | $114,900 (-17.9%) | $146,467 (-10.0%) | 0.00 | 69 |
2020-12-01 | $101,925 (-25.0%) | $138,319 (-13.4%) | 0.00 | 62 |
2021-01-01 | $114,500 (-17.3%) | $140,824 (-11.1%) | 0.00 | 45 |
2021-02-01 | $105,250 (-15.1%) | $139,073 (-8.1%) | 0.00 | 44 |
2021-03-01 | $102,475 (-19.8%) | $136,878 (-11.1%) | 0.00 | 37 |
2021-04-01 | $109,000 (-14.5%) | $141,572 (-7.6%) | 0.00 | 33 |
2021-05-01 | $130,700 (4.6%) | $148,250 (-5.3%) | 0.00 | 40 |
2021-06-01 | $145,000 (3.9%) | $158,152 (-5.0%) | 0.00 | 44 |
2021-07-01 | $160,000 (19.0%) | $188,288 (11.6%) | 0.00 | 47 |
2021-08-01 | $150,000 (21.2%) | $174,832 (6.6%) | 0.00 | 41 |
2021-09-01 | $146,875 (26.2%) | $167,687 (6.0%) | 0.00 | 43 |
2021-10-01 | $138,500 (15.7%) | $168,474 (9.1%) | 0.00 | 39 |
2021-11-01 | $147,800 (28.6%) | $190,102 (29.8%) | 0.00 | 35 |
2021-12-01 | $184,000 (80.5%) | $200,073 (44.7%) | 0.00 | 31 |
2022-01-01 | $194,950 (70.3%) | $190,579 (35.3%) | 0.00 | 23 |
2022-02-01 | $197,450 (87.6%) | $182,152 (31.0%) | 0.00 | 19 |
2022-03-01 | $155,375 (51.6%) | $172,328 (25.9%) | 0.00 | 17 |
2022-04-01 | $155,000 (42.2%) | $167,668 (18.4%) | 0.00 | 15 |
2022-05-01 | $185,000 (41.6%) | $215,164 (45.1%) | 0.00 | 23 |
2022-06-01 | $188,000 (29.7%) | $235,648 (49.0%) | 0.00 | 27 |
2022-07-01 | $179,900 (12.4%) | $238,156 (26.5%) | 0.00 | 30 |
2022-08-01 | $169,175 (12.8%) | $228,957 (31.0%) | 0.00 | 30 |
2022-09-01 | $159,175 (8.4%) | $226,237 (34.9%) | 0.00 | 32 |
2022-10-01 | $174,750 (26.2%) | $210,676 (25.1%) | 0.00 | 32 |
2022-11-01 | $140,000 (-5.3%) | $177,965 (-6.4%) | 0.00 | 39 |
2022-12-01 | $139,000 (-24.5%) | $186,148 (-7.0%) | 0.00 | 32 |
2023-01-01 | $137,500 (-29.5%) | $183,878 (-3.5%) | 0.00 | 27 |
2023-02-01 | $180,000 (-8.8%) | $211,105 (15.9%) | 0.00 | 27 |
Marshall's median listing price comes in at 0% of the national average.
Marshall's average listing price for 2023-02-01 was $211,105, a difference of $28,953 (15.9%) versus the prior year and $27,227 versus the prior month.
For the 2023-02-01 period, Marshall had 27 MLS listings, a difference of 0 listings (0%) versus the prior month and 8 listings (42%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Marshall (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,129 sqft |
2018-02-01 | 0 days | 2,110 sqft |
2018-03-01 | 0 days | 2,212 sqft |
2018-04-01 | 0 days | 2,337 sqft |
2018-05-01 | 0 days | 2,202 sqft |
2018-06-01 | 0 days | 2,189 sqft |
2018-07-01 | 0 days | 2,092 sqft |
2018-08-01 | 0 days | 2,191 sqft |
2018-09-01 | 0 days | 2,192 sqft |
2018-10-01 | 0 days | 2,234 sqft |
2018-11-01 | 0 days | 2,277 sqft |
2018-12-01 | 0 days | 2,308 sqft |
2019-01-01 | 0 days | 2,373 sqft |
2019-02-01 | 0 days | 2,281 sqft |
2019-03-01 | 0 days | 2,050 sqft |
2019-04-01 | 0 days | 1,840 sqft |
2019-05-01 | 0 days | 1,852 sqft |
2019-06-01 | 0 days | 1,847 sqft |
2019-07-01 | 0 days | 1,894 sqft |
2019-08-01 | 0 days | 1,887 sqft |
2019-09-01 | 0 days | 1,898 sqft |
2019-10-01 | 0 days | 1,905 sqft |
2019-11-01 | 0 days | 1,860 sqft |
2019-12-01 | 0 days | 1,840 sqft |
2020-01-01 | 0 days | 1,806 sqft |
2020-02-01 | 0 days | 1,778 sqft |
2020-03-01 | 0 days | 1,830 sqft |
2020-04-01 | 0 days | 1,840 sqft |
2020-05-01 | 0 days | 1,850 sqft |
2020-06-01 | 0 days | 1,856 sqft |
2020-07-01 | 0 days | 1,856 sqft |
2020-08-01 | 0 days | 1,843 sqft |
2020-09-01 | 0 days | 1,768 sqft |
2020-10-01 | 0 days | 1,728 sqft |
2020-11-01 | 0 days | 1,652 sqft |
2020-12-01 | 0 days | 1,606 sqft |
2021-01-01 | 0 days | 1,640 sqft |
2021-02-01 | 0 days | 1,680 sqft |
2021-03-01 | 0 days | 1,712 sqft |
2021-04-01 | 0 days | 1,716 sqft |
2021-05-01 | 0 days | 1,670 sqft |
2021-06-01 | 0 days | 1,776 sqft |
2021-07-01 | 0 days | 1,896 sqft |
2021-08-01 | 0 days | 1,806 sqft |
2021-09-01 | 0 days | 1,813 sqft |
2021-10-01 | 0 days | 1,788 sqft |
2021-11-01 | 0 days | 1,767 sqft |
2021-12-01 | 0 days | 1,787 sqft |
2022-01-01 | 0 days | 1,808 sqft |
2022-02-01 | 0 days | 2,234 sqft |
2022-03-01 | 0 days | 2,230 sqft |
2022-04-01 | 0 days | 2,224 sqft |
2022-05-01 | 0 days | 1,861 sqft |
2022-06-01 | 0 days | 1,829 sqft |
2022-07-01 | 0 days | 1,890 sqft |
2022-08-01 | 0 days | 1,773 sqft |
2022-09-01 | 0 days | 1,681 sqft |
2022-10-01 | 0 days | 1,885 sqft |
2022-11-01 | 0 days | 1,757 sqft |
2022-12-01 | 0 days | 1,756 sqft |
2023-01-01 | 0 days | 1,755 sqft |
2023-02-01 | 0 days | 1,886 sqft |
Marshall's median square footage for active listings during the 2023-02-01 period was 1,886 sqft. One year prior, the average listing was 2,234 sqft.
Marshall, MN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 273 | $52,125,000 | $190,934 |
Cash Out Refi | 52 | $8,750,000 | $168,269 |
Refi | 48 | $9,320,000 | $194,167 |
Other | 28 | $2,030,000 | $72,500 |
Home Improvement | 23 | $1,355,000 | $58,913 |
Marshall's most frequently cited loan purpose was Home Purchase, with 273 originations. The 2nd most popular reason was Cash Out Refi, with 52 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 135 | $23,235,000 | $172,111 |
4-5% | 106 | $20,320,000 | $191,698 |
3-4% | 65 | $13,305,000 | $204,692 |
6-7% | 53 | $7,515,000 | $141,792 |
7-8% | 21 | $2,585,000 | $123,095 |
2.5-3% | 20 | $3,860,000 | $193,000 |
Over 8% | 11 | $455,000 | $41,364 |
<2.5% | 10 | $1,780,000 | $178,000 |
During 2022, Marshall's most frequently originated rate bucket was 5-6%, with 135 originations.
Loan Sizing (Marshall, MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 159 | $23,975,000 | $150,786 |
$100,000 or less | 139 | $8,385,000 | $60,324 |
$200k-400k | 113 | $30,855,000 | $273,053 |
$400k-600k | 8 | $3,740,000 | $467,500 |
$Over $1MM | 3 | $5,005,000 | $1,668,333 |
$600k-1000k | 2 | $1,620,000 | $810,000 |
Marshall's loan sizing saw the bucket of loans from $100k-200k with 159 originations, totaling $23,975,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 209 | $38,745,000 | $185,383 |
60-80% | 101 | $18,825,000 | $186,386 |
40-60% | 40 | $6,870,000 | $171,750 |
20-40% | 34 | $6,460,000 | $190,000 |
Under 20% | 34 | $1,150,000 | $33,824 |
Over 100% | 4 | $1,020,000 | $255,000 |
Marshall's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 209 originations, totaling $38,745,000 in origination value.