Mason City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mason City averaged
6.38%
for the week of 2024-10-03, compared to the national average of
6.12% for the same period.
The average rate for the prior week (2024-09-26) was
6.24% and
one month ago for the week of 2024-08-29, the
average rate was 6.41%.
Mason City's average rate one year ago was 7.27%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.42%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Mason City 30 Year Fixed Rate | 2024-10-03 | 6.38% |
Mason City 30 Year Fixed Rate Refi | 2024-10-03 | 6.42% |
Mason City 15 Year Fixed Rate | 2024-10-03 | 5.25% |
Mason City 15 Year Fixed Rate Refi | 2024-10-03 | 5.55% |
Mason City 30 Year FHA | 2024-10-03 | 5.74% |
Mason City 30 Year FHA Refi | 2024-10-03 | 5.89% |
Mason City 30 Year USDA | 2024-10-03 | 6.07% |
Mason City 30 Year USDA Refi | 2024-10-03 | 5.87% |
Mason City 30 Year VA | 2024-10-03 | 5.4% |
Mason City 30 Year VA Refi | 2024-10-03 | 5.6% |
Mason City 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 Mason City, IA 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.).
Mason City Average Closing Costs & Other Stats
Mason City, IA's 53 lenders originated 482
loans during 2023. The total origination value was $82,330,000, with an average loan value of
$170,809.
Mason City's average closing costs are $3,779.
The top Mason City lender as defined by loan originations is Wells Fargo Bank, with
20 loans originated. Their average total fees are
$3,629, which is $60
higher than the next largest lender,
U.S. Bank.
The lowest fee Mason City lenders (with over 10 loans originated) are
U.S. Bank ($3,570), Wells Fargo Bank ($3,629), QUICKEN LOANS, LLC ($5,461), .
The lowest rate Mason City lenders (with over 10 loans originated) are
Wells Fargo Bank (6.74%), QUICKEN LOANS, LLC (6.86%), U.S. Bank (6.88%), .
Mason City, IA 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
Wells Fargo Bank | $14,270,000 | $10,180,000 | -28.7% | 12.4% |
Plains Commerce Bank | $6,710,000 | $5,780,000 | -13.9% | 7.0% |
Manufacturers Bank & Trust Company | $6,340,000 | $5,530,000 | -12.8% | 6.7% |
Hills Bank and Trust Company | $375,000 | $5,335,000 | 1,322.7% | 6.5% |
QUICKEN LOANS, LLC | $6,380,000 | $4,310,000 | -32.4% | 5.2% |
Ames National Corporation/Reliance State Bank | $4,215,000 | n/a | 5.1% | |
GREENSTATE CREDIT UNION | $4,340,000 | $3,805,000 | -12.3% | 4.6% |
U.S. Bank | $7,325,000 | $2,525,000 | -65.5% | 3.1% |
IOWA BANKERS MORTGAGE CORPORATION | $3,615,000 | $2,190,000 | -39.4% | 2.7% |
Mortgage Research Center, LLC | $4,775,000 | $2,020,000 | -57.7% | 2.5% |
Northwest Bank | $795,000 | $1,770,000 | 122.6% | 2.1% |
Bell Bank | $1,635,000 | n/a | 2.0% | |
VERIDIAN CREDIT UNION | $2,360,000 | $1,530,000 | -35.2% | 1.9% |
Availa Bank | $1,505,000 | n/a | 1.8% | |
CARDINAL FINANCIAL | $1,075,000 | $1,480,000 | 37.7% | 1.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,125,000 | $1,425,000 | -32.9% | 1.7% |
DUPACO COMMUNITY | $265,000 | $990,000 | 273.6% | 1.2% |
BROKER SOLUTIONS, INC. | $785,000 | $870,000 | 10.8% | 1.1% |
LOANDEPOT.COM, LLC | $890,000 | $835,000 | -6.2% | 1.0% |
PENNYMAC LOAN SERVICES, LLC | $620,000 | $825,000 | 33.1% | 1.0% |
UNION HOME MORTGAGE CORP. | $780,000 | n/a | 0.9% | |
GUILD MORTGAGE COMPANY | $775,000 | $770,000 | -0.6% | 0.9% |
Luana Savings Bank | $900,000 | $765,000 | -15.0% | 0.9% |
NAVY FEDERAL CREDIT UNION | $380,000 | $735,000 | 93.4% | 0.9% |
Bankers' Bank | $2,570,000 | $710,000 | -72.4% | 0.9% |
Mr. Cooper ( Nationstar Mortgage ) | $265,000 | $675,000 | 154.7% | 0.8% |
Premier Credit Union | $670,000 | n/a | 0.8% | |
MORTGAGE ACCESS CORP. | $300,000 | $645,000 | 115.0% | 0.8% |
BMO Harris Bank | $555,000 | $585,000 | 5.4% | 0.7% |
Servion, Inc. | $835,000 | $545,000 | -34.7% | 0.7% |
ALLIANT | $830,000 | $530,000 | -36.1% | 0.6% |
Community Choice Credit Union | $35,000 | $480,000 | 1,271.4% | 0.6% |
Flanagan State Bank | $480,000 | n/a | 0.6% | |
Lincoln Savings Bank | $1,380,000 | $465,000 | -66.3% | 0.6% |
Farm Credit Mid-America, ACA | $570,000 | $460,000 | -19.3% | 0.6% |
Deere Employees Credit Union | $1,820,000 | $450,000 | -75.3% | 0.5% |
Bank of America | $465,000 | $410,000 | -11.8% | 0.5% |
Collins Community Credit Union | $420,000 | $410,000 | -2.4% | 0.5% |
Bankers Trust Company | $640,000 | $405,000 | -36.7% | 0.5% |
GREATER IOWA CREDIT UNION | $85,000 | $400,000 | 370.6% | 0.5% |
Sierra Pacific Mortgage Company, Inc. | $355,000 | n/a | 0.4% | |
Tradition Mortgage, LLC | $355,000 | n/a | 0.4% | |
GUARANTEED RATE, INC. | $705,000 | $330,000 | -53.2% | 0.4% |
UNITED WHOLESALE MORTGAGE, LLC | $930,000 | $330,000 | -64.5% | 0.4% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $325,000 | n/a | 0.4% | |
The Huntington National Bank | $315,000 | n/a | 0.4% | |
FRONTIER FINANCIAL, INC. | $310,000 | n/a | 0.4% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $105,000 | $305,000 | 190.5% | 0.4% |
Primebank | $295,000 | n/a | 0.4% | |
WINGS FINANCIAL | $55,000 | $295,000 | 436.4% | 0.4% |
Bank Iowa | $250,000 | $290,000 | 16.0% | 0.4% |
Gateway First Bank | $285,000 | n/a | 0.3% | |
ENDEAVOR CAPITAL, LLC. | $280,000 | n/a | 0.3% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $265,000 | n/a | 0.3% | |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $260,000 | n/a | 0.3% | |
JPMorgan Chase Bank | $515,000 | $260,000 | -49.5% | 0.3% |
NEW DAY FINANCIAL, LLC | $295,000 | $260,000 | -11.9% | 0.3% |
Flagstar Bank, FSB | $1,330,000 | $250,000 | -81.2% | 0.3% |
PREMIA MORTGAGE, LLC | $215,000 | n/a | 0.3% | |
AMERICAN FINANCING CORPORATION | $545,000 | $195,000 | -64.2% | 0.2% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $255,000 | $195,000 | -23.5% | 0.2% |
AmeriHome Mortgage Company, LLC | $95,000 | $195,000 | 105.3% | 0.2% |
Quad City Bank and Trust Company | $185,000 | n/a | 0.2% | |
TruBank | $180,000 | n/a | 0.2% | |
First Savings Bank | $95,000 | $175,000 | 84.2% | 0.2% |
Cedar Rapids Bank and Trust Company | $170,000 | n/a | 0.2% | |
Figure Lending LLC | $110,000 | $160,000 | 45.5% | 0.2% |
FINANCE OF AMERICA REVERSE LLC | $140,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $235,000 | $140,000 | -40.4% | 0.2% |
CROSSCOUNTRY MORTGAGE, LLC | $135,000 | n/a | 0.2% | |
The Readlyn Savings Bank | $135,000 | n/a | 0.2% | |
Carrington Mortgage Services, LLC | $310,000 | $130,000 | -58.1% | 0.2% |
AMERISAVE MORTGAGE CORPORATION | $1,570,000 | $125,000 | -92.0% | 0.2% |
MID AMERICA MORTGAGE, INC. | $125,000 | n/a | 0.2% | |
NFM, INC. | $125,000 | n/a | 0.2% | |
USAA Federal Savings Bank | $640,000 | $125,000 | -80.5% | 0.2% |
Farmers State Bank | $765,000 | $105,000 | -86.3% | 0.1% |
First Bank | $105,000 | n/a | 0.1% | |
NEWREZ LLC | $105,000 | n/a | 0.1% | |
CHARTER WEST BANK | $95,000 | n/a | 0.1% | |
Fidelity Bank & Trust | $90,000 | $90,000 | 0.0% | 0.1% |
PLAZA HOME MORTGAGE, INC. | $90,000 | n/a | 0.1% | |
ALLIANT CREDIT UNION | $75,000 | n/a | 0.1% | |
ALTRA | $75,000 | n/a | 0.1% | |
GNB Bank | $75,000 | n/a | 0.1% | |
SPRING EQ, LLC | $65,000 | n/a | 0.1% | |
Johnson Bank | $55,000 | n/a | 0.1% | |
Coastal Community Bank | $50,000 | n/a | 0.1% | |
HIWAY | $135,000 | $45,000 | -66.7% | 0.1% |
The Central Trust Bank | $45,000 | n/a | 0.1% | |
AFFINITY | $35,000 | n/a | 0.0% | |
Bremer Bank | $35,000 | n/a | 0.0% | |
CEDAR FALLS COMMUNITY CREDIT UNION | $45,000 | $35,000 | -22.2% | 0.0% |
Mason City's top lender by overall market share is Wells Fargo Bank, with 12.4% market share. In second place, with 7.0%, is Plains Commerce Bank, having originated $5,780,000 in loans. In third place, with 6.7%, is Manufacturers Bank & Trust Company, having originated $5,530,000 in loans. In fourth place, with 6.5%, is Hills Bank and Trust Company, having originated $5,335,000 in loans. In fifth place, with 5.2%, is QUICKEN LOANS, LLC, having originated $4,310,000 in loans.
Mason City Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Mason City (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 | $135,450 (4.2%) | $195,274 (5.3%) | 0.00 | 262 |
2018-02-01 | $139,900 (0.0%) | $197,527 (-0.7%) | 0.00 | 277 |
2018-03-01 | $144,985 (2.7%) | $211,988 (5.6%) | 0.00 | 268 |
2018-04-01 | $144,703 (-0.1%) | $216,359 (4.7%) | 0.00 | 288 |
2018-05-01 | $152,425 (2.8%) | $230,640 (8.3%) | 0.00 | 315 |
2018-06-01 | $149,900 (0.2%) | $236,614 (10.6%) | 0.00 | 346 |
2018-07-01 | $148,825 (1.2%) | $229,871 (11.0%) | 0.00 | 348 |
2018-08-01 | $147,225 (2.8%) | $225,338 (14.0%) | 0.00 | 351 |
2018-09-01 | $143,233 (4.6%) | $215,033 (8.5%) | 0.00 | 348 |
2018-10-01 | $147,912 (11.5%) | $210,646 (8.7%) | 0.00 | 349 |
2018-11-01 | $145,000 (7.4%) | $207,901 (6.4%) | 0.00 | 342 |
2018-12-01 | $139,900 (3.6%) | $201,773 (1.3%) | 0.00 | 303 |
2019-01-01 | $140,950 (4.1%) | $204,863 (4.9%) | 0.00 | 290 |
2019-02-01 | $147,250 (5.3%) | $206,726 (4.7%) | 0.00 | 296 |
2019-03-01 | $152,086 (4.9%) | $210,884 (-0.5%) | 0.00 | 305 |
2019-04-01 | $154,893 (7.0%) | $216,666 (0.1%) | 0.00 | 323 |
2019-05-01 | $159,900 (4.9%) | $225,348 (-2.3%) | 0.00 | 347 |
2019-06-01 | $170,000 (13.4%) | $236,573 (0.0%) | 0.00 | 352 |
2019-07-01 | $169,433 (13.9%) | $223,249 (-2.9%) | 0.00 | 400 |
2019-08-01 | $169,463 (15.1%) | $222,898 (-1.1%) | 0.00 | 400 |
2019-09-01 | $169,062 (18.0%) | $222,111 (3.3%) | 0.00 | 393 |
2019-10-01 | $168,325 (13.8%) | $220,944 (4.9%) | 0.00 | 389 |
2019-11-01 | $159,900 (10.3%) | $212,501 (2.2%) | 0.00 | 384 |
2019-12-01 | $156,850 (12.1%) | $204,654 (1.4%) | 0.00 | 336 |
2020-01-01 | $161,475 (14.6%) | $210,105 (2.6%) | 0.00 | 299 |
2020-02-01 | $161,050 (9.4%) | $208,286 (0.8%) | 0.00 | 324 |
2020-03-01 | $159,825 (5.1%) | $204,677 (-2.9%) | 0.00 | 318 |
2020-04-01 | $162,302 (4.8%) | $214,532 (-1.0%) | 0.00 | 291 |
2020-05-01 | $174,000 (8.8%) | $221,637 (-1.7%) | 0.00 | 304 |
2020-06-01 | $169,600 (-0.2%) | $224,129 (-5.3%) | 0.00 | 305 |
2020-07-01 | $171,750 (1.4%) | $223,763 (0.2%) | 0.00 | 262 |
2020-08-01 | $175,000 (3.3%) | $233,075 (4.6%) | 0.00 | 224 |
2020-09-01 | $173,225 (2.5%) | $224,378 (1.0%) | 0.00 | 217 |
2020-10-01 | $149,625 (-11.1%) | $205,505 (-7.0%) | 0.00 | 197 |
2020-11-01 | $141,700 (-11.4%) | $199,662 (-6.0%) | 0.00 | 197 |
2020-12-01 | $136,675 (-12.9%) | $191,523 (-6.4%) | 0.00 | 191 |
2021-01-01 | $148,600 (-8.0%) | $201,710 (-4.0%) | 0.00 | 174 |
2021-02-01 | $163,000 (1.2%) | $206,742 (-0.7%) | 0.00 | 141 |
2021-03-01 | $174,750 (9.3%) | $225,378 (10.1%) | 0.00 | 133 |
2021-04-01 | $202,600 (24.8%) | $245,512 (14.4%) | 0.00 | 145 |
2021-05-01 | $214,500 (23.3%) | $274,114 (23.7%) | 0.00 | 153 |
2021-06-01 | $191,150 (12.7%) | $249,409 (11.3%) | 0.00 | 168 |
2021-07-01 | $175,000 (1.9%) | $232,759 (4.0%) | 0.00 | 185 |
2021-08-01 | $170,625 (-2.5%) | $228,246 (-2.1%) | 0.00 | 189 |
2021-09-01 | $173,750 (0.3%) | $239,297 (6.7%) | 0.00 | 169 |
2021-10-01 | $162,500 (8.6%) | $204,620 (-0.4%) | 0.00 | 181 |
2021-11-01 | $149,650 (5.6%) | $194,226 (-2.7%) | 0.00 | 160 |
2021-12-01 | $147,000 (7.6%) | $193,862 (1.2%) | 0.00 | 157 |
2022-01-01 | $158,250 (6.5%) | $199,443 (-1.1%) | 0.00 | 140 |
2022-02-01 | $144,395 (-11.4%) | $193,699 (-6.3%) | 0.00 | 122 |
2022-03-01 | $138,400 (-20.8%) | $190,776 (-15.4%) | 0.00 | 112 |
2022-04-01 | $162,500 (-19.8%) | $208,594 (-15.0%) | 0.00 | 113 |
2022-05-01 | $211,500 (-1.4%) | $284,541 (3.8%) | 0.00 | 109 |
2022-06-01 | $228,000 (19.3%) | $298,010 (19.5%) | 0.00 | 119 |
2022-07-01 | $215,000 (22.9%) | $310,594 (33.4%) | 0.00 | 135 |
2022-08-01 | $215,000 (26.0%) | $332,328 (45.6%) | 0.00 | 141 |
2022-09-01 | $225,000 (29.5%) | $351,072 (46.7%) | 0.00 | 133 |
2022-10-01 | $234,900 (44.6%) | $356,633 (74.3%) | 0.00 | 140 |
2022-11-01 | $232,400 (55.3%) | $354,378 (82.5%) | 0.00 | 152 |
2022-12-01 | $247,450 (68.3%) | $356,642 (84.0%) | 0.00 | 138 |
2023-01-01 | $233,575 (47.6%) | $336,432 (68.7%) | 0.00 | 124 |
2023-02-01 | $249,900 (73.1%) | $356,907 (84.3%) | 0.00 | 127 |
2023-03-01 | $249,900 (80.6%) | $374,087 (96.1%) | 0.00 | 114 |
2023-04-01 | $247,450 (52.3%) | $370,824 (77.8%) | 0.00 | 109 |
2023-05-01 | $251,250 (18.8%) | $371,136 (30.4%) | 0.00 | 122 |
2023-06-01 | $257,500 (12.9%) | $425,525 (42.8%) | 0.00 | 116 |
2023-07-01 | $277,400 (29.0%) | $444,878 (43.2%) | 0.00 | 114 |
2023-08-01 | $290,475 (35.1%) | $449,037 (35.1%) | 0.00 | 105 |
2023-09-01 | $225,000 (0.0%) | $384,022 (9.4%) | 0.00 | 124 |
2023-10-01 | $229,725 (-2.2%) | $353,802 (-0.8%) | 0.00 | 143 |
2023-11-01 | $219,750 (-5.4%) | $316,106 (-10.8%) | 0.00 | 135 |
2023-12-01 | $220,000 (-11.1%) | $311,034 (-12.8%) | 0.00 | 129 |
2024-01-01 | $222,475 (-4.8%) | $318,470 (-5.3%) | 0.00 | 123 |
2024-02-01 | $216,225 (-13.5%) | $306,318 (-14.2%) | 0.00 | 136 |
2024-03-01 | $225,000 (-10.0%) | $321,093 (-14.2%) | 0.00 | 148 |
2024-04-01 | $239,450 (-3.2%) | $365,233 (-1.5%) | 0.00 | 159 |
2024-05-01 | $299,888 (19.4%) | $396,069 (6.7%) | 0.00 | 183 |
2024-06-01 | $289,000 (12.2%) | $393,175 (-7.6%) | 0.00 | 209 |
2024-07-01 | $299,913 (8.1%) | $394,051 (-11.4%) | 0.00 | 207 |
2024-08-01 | $299,900 (3.2%) | $391,269 (-12.9%) | 0.00 | 212 |
2024-09-01 | $299,450 (33.1%) | $383,318 (-0.2%) | 0.00 | 215 |
Mason City's median listing price comes in at 0% of the national average.
Mason City's average listing price for 2024-09-01 was $383,318, a difference of $-704 (-0.2%) versus the prior year and $-7,951 versus the prior month.
For the 2024-09-01 period, Mason City had 215 MLS listings, a difference of 3 listings (1%) versus the prior month and 91 listings (73%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Mason City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,911 sqft |
2018-02-01 | 0 days | 1,927 sqft |
2018-03-01 | 0 days | 1,962 sqft |
2018-04-01 | 0 days | 1,968 sqft |
2018-05-01 | 0 days | 1,998 sqft |
2018-06-01 | 0 days | 1,996 sqft |
2018-07-01 | 0 days | 1,967 sqft |
2018-08-01 | 0 days | 2,000 sqft |
2018-09-01 | 0 days | 1,968 sqft |
2018-10-01 | 0 days | 1,972 sqft |
2018-11-01 | 0 days | 2,002 sqft |
2018-12-01 | 0 days | 1,968 sqft |
2019-01-01 | 0 days | 1,987 sqft |
2019-02-01 | 0 days | 1,989 sqft |
2019-03-01 | 0 days | 2,047 sqft |
2019-04-01 | 0 days | 2,125 sqft |
2019-05-01 | 0 days | 2,146 sqft |
2019-06-01 | 0 days | 2,138 sqft |
2019-07-01 | 0 days | 2,035 sqft |
2019-08-01 | 0 days | 2,020 sqft |
2019-09-01 | 0 days | 2,009 sqft |
2019-10-01 | 0 days | 2,000 sqft |
2019-11-01 | 0 days | 2,001 sqft |
2019-12-01 | 0 days | 1,976 sqft |
2020-01-01 | 0 days | 1,996 sqft |
2020-02-01 | 0 days | 1,944 sqft |
2020-03-01 | 0 days | 1,944 sqft |
2020-04-01 | 0 days | 1,976 sqft |
2020-05-01 | 0 days | 1,976 sqft |
2020-06-01 | 0 days | 1,944 sqft |
2020-07-01 | 0 days | 1,984 sqft |
2020-08-01 | 0 days | 1,994 sqft |
2020-09-01 | 0 days | 1,952 sqft |
2020-10-01 | 0 days | 1,905 sqft |
2020-11-01 | 0 days | 1,910 sqft |
2020-12-01 | 0 days | 1,870 sqft |
2021-01-01 | 0 days | 1,876 sqft |
2021-02-01 | 0 days | 1,895 sqft |
2021-03-01 | 0 days | 1,880 sqft |
2021-04-01 | 0 days | 1,779 sqft |
2021-05-01 | 0 days | 1,833 sqft |
2021-06-01 | 0 days | 1,820 sqft |
2021-07-01 | 0 days | 1,860 sqft |
2021-08-01 | 0 days | 1,881 sqft |
2021-09-01 | 0 days | 1,872 sqft |
2021-10-01 | 0 days | 1,874 sqft |
2021-11-01 | 0 days | 1,886 sqft |
2021-12-01 | 0 days | 1,890 sqft |
2022-01-01 | 0 days | 1,900 sqft |
2022-02-01 | 0 days | 1,838 sqft |
2022-03-01 | 0 days | 1,888 sqft |
2022-04-01 | 0 days | 1,790 sqft |
2022-05-01 | 0 days | 1,912 sqft |
2022-06-01 | 0 days | 1,960 sqft |
2022-07-01 | 0 days | 1,975 sqft |
2022-08-01 | 0 days | 1,963 sqft |
2022-09-01 | 0 days | 1,975 sqft |
2022-10-01 | 0 days | 1,911 sqft |
2022-11-01 | 0 days | 1,982 sqft |
2022-12-01 | 0 days | 2,003 sqft |
2023-01-01 | 0 days | 2,042 sqft |
2023-02-01 | 0 days | 2,023 sqft |
2023-03-01 | 0 days | 1,872 sqft |
2023-04-01 | 0 days | 1,851 sqft |
2023-05-01 | 0 days | 1,903 sqft |
2023-06-01 | 0 days | 2,056 sqft |
2023-07-01 | 0 days | 2,138 sqft |
2023-08-01 | 0 days | 2,118 sqft |
2023-09-01 | 0 days | 2,024 sqft |
2023-10-01 | 0 days | 1,944 sqft |
2023-11-01 | 0 days | 2,020 sqft |
2023-12-01 | 0 days | 2,022 sqft |
2024-01-01 | 0 days | 2,030 sqft |
2024-02-01 | 0 days | 1,935 sqft |
2024-03-01 | 0 days | 1,923 sqft |
2024-04-01 | 0 days | 1,879 sqft |
2024-05-01 | 0 days | 1,975 sqft |
2024-06-01 | 0 days | 2,028 sqft |
2024-07-01 | 0 days | 2,025 sqft |
2024-08-01 | 0 days | 2,060 sqft |
2024-09-01 | 0 days | 2,027 sqft |
Mason City's median square footage for active listings during the 2024-09-01 period was 2,027 sqft. One year prior, the average listing was 2,024 sqft.
Mason City, IA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 360 | $70,740,000 | $196,500 |
Cash Out Refi | 37 | $5,205,000 | $140,676 |
Other | 32 | $1,970,000 | $61,563 |
Home Improvement | 28 | $1,530,000 | $54,643 |
Refi | 25 | $2,885,000 | $115,400 |
Mason City's most frequently cited loan purpose was Home Purchase, with 360 originations. The 2nd most popular reason was Cash Out Refi, with 37 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 172 | $34,490,000 | $200,523 |
7-8% | 101 | $16,375,000 | $162,129 |
5-6% | 62 | $12,060,000 | $194,516 |
Over 8% | 56 | $3,820,000 | $68,214 |
<2.5% | 15 | $95,000 | $6,333 |
4-5% | 1 | $295,000 | $295,000 |
3-4% | 1 | $115,000 | $115,000 |
During 2023, Mason City's most frequently originated rate bucket was 6-7%, with 172 originations.
Loan Sizing (Mason City, IA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 183 | $25,705,000 | $140,464 |
$100,000 or less | 179 | $9,615,000 | $53,715 |
$200k-400k | 96 | $26,140,000 | $272,292 |
$400k-600k | 17 | $8,115,000 | $477,353 |
$Over $1MM | 6 | $12,120,000 | $2,020,000 |
$600k-1000k | 1 | $635,000 | $635,000 |
Mason City's loan sizing saw the bucket of loans from $100k-200k with 183 originations, totaling $25,705,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 231 | $40,405,000 | $174,913 |
60-80% | 59 | $17,245,000 | $292,288 |
Under 20% | 49 | $1,465,000 | $29,898 |
20-40% | 41 | $2,925,000 | $71,341 |
40-60% | 24 | $3,890,000 | $162,083 |
Over 100% | 6 | $1,330,000 | $221,667 |
Mason City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 231 originations, totaling $40,405,000 in origination value.