Mason City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mason City averaged
6.65%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.89% and
one month ago for the week of 2023-08-10, the
average rate was 6.73%.
Mason City's average rate one year ago was 5.36%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.78%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
Mason City 30 Year Fixed Rate | 2023-09-14 | 6.65% |
Mason City 30 Year Fixed Rate Refi | 2023-09-14 | 7.78% |
Mason City 15 Year Fixed Rate | 2023-09-14 | 6.71% |
Mason City 15 Year Fixed Rate Refi | 2023-09-14 | 6.41% |
Mason City 30 Year FHA | 2023-09-14 | 6.82% |
Mason City 30 Year FHA Refi | 2023-09-14 | 6.79% |
Mason City 30 Year USDA | 2023-09-14 | 7.18% |
Mason City 30 Year USDA Refi | 2023-09-14 | 6.88% |
Mason City 30 Year VA | 2023-09-14 | 6.81% |
Mason City 30 Year VA Refi | 2023-09-14 | 6.91% |
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 74 lenders originated 638
loans during 2022. The total origination value was $114,700,000, with an average loan value of
$179,781.
Mason City's average closing costs are $3,622.
The top Mason City lender as defined by loan originations is Wells Fargo Bank, with
44 loans originated. Their average total fees are
$3,053, which is $489
higher than the next largest lender,
U.S. Bank.
The lowest fee Mason City lenders (with over 10 loans originated) are
GREENSTATE CREDIT UNION ($1,897), IOWA BANKERS MORTGAGE CORPORATION ($2,305), U.S. Bank ($2,563), Plains Commerce Bank ($3,004) and Wells Fargo Bank ($3,053).
The lowest rate Mason City lenders (with over 10 loans originated) are
GREENSTATE CREDIT UNION (3.69%), Bankers' Bank (4.76%), U.S. Bank (4.82%), IOWA BANKERS MORTGAGE CORPORATION (4.83%) and Plains Commerce Bank (5.06%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Wells Fargo Bank | $30,005,000 | $14,270,000 | -52.4% | 12.4% |
CorTrust Bank | $9,975,000 | n/a | 8.7% | |
U.S. Bank | $14,600,000 | $7,325,000 | -49.8% | 6.4% |
Plains Commerce Bank | $9,895,000 | $6,710,000 | -32.2% | 5.9% |
QUICKEN LOANS, LLC | $13,870,000 | $6,380,000 | -54.0% | 5.6% |
Manufacturers Bank & Trust Company | $13,705,000 | $6,340,000 | -53.7% | 5.5% |
Mortgage Research Center, LLC | $3,175,000 | $4,775,000 | 50.4% | 4.2% |
GREENSTATE CREDIT UNION | $5,100,000 | $4,340,000 | -14.9% | 3.8% |
IOWA BANKERS MORTGAGE CORPORATION | $9,385,000 | $3,615,000 | -61.5% | 3.2% |
Bankers' Bank | $5,860,000 | $2,570,000 | -56.1% | 2.2% |
VERIDIAN CREDIT UNION | $4,260,000 | $2,360,000 | -44.6% | 2.1% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $495,000 | $2,125,000 | 329.3% | 1.9% |
Deere Employees Credit Union | $380,000 | $1,820,000 | 378.9% | 1.6% |
BANKORION | $1,705,000 | n/a | 1.5% | |
First Interstate Bank | $1,575,000 | n/a | 1.4% | |
AMERISAVE MORTGAGE CORPORATION | $1,885,000 | $1,570,000 | -16.7% | 1.4% |
Lincoln Savings Bank | $1,905,000 | $1,380,000 | -27.6% | 1.2% |
Flagstar Bank, FSB | $425,000 | $1,330,000 | 212.9% | 1.2% |
BankIowa of Cedar Rapids | $365,000 | $1,205,000 | 230.1% | 1.1% |
Morgan Stanley Private Bank | $325,000 | $1,175,000 | 261.5% | 1.0% |
CALIBER HOME LOANS, INC. | $995,000 | $1,085,000 | 9.0% | 0.9% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,205,000 | $1,075,000 | -51.2% | 0.9% |
UNITED WHOLESALE MORTGAGE, LLC | $550,000 | $930,000 | 69.1% | 0.8% |
Luana Savings Bank | $3,380,000 | $900,000 | -73.4% | 0.8% |
LOANDEPOT.COM, LLC | $2,430,000 | $890,000 | -63.4% | 0.8% |
Servion, Inc. | $915,000 | $835,000 | -8.7% | 0.7% |
ALLIANT | $830,000 | n/a | 0.7% | |
Northwest Bank | $1,335,000 | $795,000 | -40.4% | 0.7% |
BROKER SOLUTIONS, INC. | $410,000 | $785,000 | 91.5% | 0.7% |
GUILD MORTGAGE COMPANY | $1,845,000 | $775,000 | -58.0% | 0.7% |
Farmers State Bank | $2,020,000 | $765,000 | -62.1% | 0.7% |
GUARANTEED RATE, INC. | $420,000 | $705,000 | 67.9% | 0.6% |
Bankers Trust Company | $1,295,000 | $640,000 | -50.6% | 0.6% |
USAA Federal Savings Bank | $425,000 | $640,000 | 50.6% | 0.6% |
Midwest Heritage Bank FSB | $460,000 | $620,000 | 34.8% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $1,080,000 | $620,000 | -42.6% | 0.5% |
Farm Credit Mid-America, ACA | $1,205,000 | $570,000 | -52.7% | 0.5% |
BMO Harris Bank | $555,000 | n/a | 0.5% | |
AMERICAN FINANCING CORPORATION | $545,000 | n/a | 0.5% | |
COMPEER FINANCIAL, FLCA | $280,000 | $530,000 | 89.3% | 0.5% |
JPMorgan Chase Bank | $1,405,000 | $515,000 | -63.3% | 0.4% |
Regions Bank | $435,000 | $510,000 | 17.2% | 0.4% |
AMERICAN FINANCE HOUSE LARIBA | $505,000 | n/a | 0.4% | |
Bank of America | $355,000 | $465,000 | 31.0% | 0.4% |
EMBRACE HOME LOANS, INC. | $195,000 | $425,000 | 117.9% | 0.4% |
Merchants Bank | $5,275,000 | $425,000 | -91.9% | 0.4% |
Collins Community Credit Union | $205,000 | $420,000 | 104.9% | 0.4% |
FREEDOM MORTGAGE CORPORATION | $1,365,000 | $410,000 | -70.0% | 0.4% |
GERSHMAN INVESTMENT CORP. | $865,000 | $410,000 | -52.6% | 0.4% |
INLANTA MORTGAGE, INC. | $405,000 | n/a | 0.4% | |
NAVY FEDERAL CREDIT UNION | $715,000 | $380,000 | -46.9% | 0.3% |
Hills Bank and Trust Company | $55,000 | $375,000 | 581.8% | 0.3% |
The Federal Savings Bank | $345,000 | n/a | 0.3% | |
VILLAGE CAPITAL MORTGAGE | $605,000 | $345,000 | -43.0% | 0.3% |
Bank Midwest | $340,000 | n/a | 0.3% | |
The Dart Bank | $335,000 | n/a | 0.3% | |
Peoples Bank | $315,000 | n/a | 0.3% | |
Carrington Mortgage Services, LLC | $885,000 | $310,000 | -65.0% | 0.3% |
Fidelity Bank | $125,000 | $310,000 | 148.0% | 0.3% |
MORTGAGE ACCESS CORP. | $650,000 | $300,000 | -53.8% | 0.3% |
NEW DAY FINANCIAL, LLC | $1,045,000 | $295,000 | -71.8% | 0.3% |
Bank of the West | $275,000 | n/a | 0.2% | |
HOMESTAR FINANCIAL CORPORATION | $275,000 | n/a | 0.2% | |
MidWestOne Bank | $270,000 | n/a | 0.2% | |
DUPACO COMMUNITY | $530,000 | $265,000 | -50.0% | 0.2% |
Mr. Cooper ( Nationstar Mortgage ) | $2,305,000 | $265,000 | -88.5% | 0.2% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $255,000 | n/a | 0.2% | |
FLAT BRANCH MORTGAGE, INC. | $255,000 | n/a | 0.2% | |
Northpointe Bank | $255,000 | n/a | 0.2% | |
ZILLOW HOME LOANS, LLC | $305,000 | $255,000 | -16.4% | 0.2% |
Bank Iowa | $270,000 | $250,000 | -7.4% | 0.2% |
Midstates Bank | $245,000 | n/a | 0.2% | |
Think Mutual Bank | $245,000 | n/a | 0.2% | |
Vibrant Credit Union | $245,000 | n/a | 0.2% | |
NATIONWIDE MORTGAGE BANKERS, INC. | $235,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $550,000 | $235,000 | -57.3% | 0.2% |
Green Belt Bank & Trust | $485,000 | $230,000 | -52.6% | 0.2% |
Charles Schwab Bank, SSB | $225,000 | n/a | 0.2% | |
UBS Bank USA | $225,000 | n/a | 0.2% | |
ENVOY MORTGAGE, LTD | $215,000 | n/a | 0.2% | |
Ohnward Bank & Trust | $210,000 | n/a | 0.2% | |
PENTAGON FEDERAL CREDIT UNION | $195,000 | n/a | 0.2% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $300,000 | $185,000 | -38.3% | 0.2% |
Associated Bank | $115,000 | $175,000 | 52.2% | 0.2% |
BETTER MORTGAGE CORPORATION | $495,000 | $175,000 | -64.6% | 0.2% |
Cf Bank | $175,000 | n/a | 0.2% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $175,000 | n/a | 0.2% | |
Waterstone Mortgage Corporation | $175,000 | n/a | 0.2% | |
FINANCE OF AMERICA MORTGAGE LLC | $245,000 | $160,000 | -34.7% | 0.1% |
LEADERONE FINANCIAL CORPORATION | $145,000 | n/a | 0.1% | |
HIWAY | $135,000 | n/a | 0.1% | |
Alerus Financial | $125,000 | n/a | 0.1% | |
DAS Acquisition Company, LLC | $125,000 | n/a | 0.1% | |
Equity Prime Mortgage LLC | $125,000 | n/a | 0.1% | |
First National Bank, Ames, Iowa | $405,000 | $125,000 | -69.1% | 0.1% |
HomeTown Bank | $115,000 | n/a | 0.1% | |
Figure Lending LLC | $110,000 | n/a | 0.1% | |
Bank of England | $200,000 | $105,000 | -47.5% | 0.1% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $105,000 | n/a | 0.1% | |
LIBERTY HOME MORTGAGE CORPORATION | $105,000 | $100,000 | -4.8% | 0.1% |
AmeriHome Mortgage Company, LLC | $95,000 | $95,000 | 0.0% | 0.1% |
CU MORTGAGE DIRECT, LLC | $95,000 | n/a | 0.1% | |
First Savings Bank | $95,000 | n/a | 0.1% | |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $95,000 | n/a | 0.1% | |
Hometown Lenders, Inc. | $95,000 | n/a | 0.1% | |
Fidelity Bank & Trust | $810,000 | $90,000 | -88.9% | 0.1% |
Chicago Mortgage Solutions LLC | $85,000 | n/a | 0.1% | |
GREATER IOWA CREDIT UNION | $85,000 | n/a | 0.1% | |
MARINE | $100,000 | $85,000 | -15.0% | 0.1% |
Citizens Bank | $75,000 | n/a | 0.1% | |
Northview Bank | $75,000 | n/a | 0.1% | |
Foresight Bank | $65,000 | n/a | 0.1% | |
QUORUM FEDERAL CREDIT UNION | $65,000 | n/a | 0.1% | |
WINGS FINANCIAL | $55,000 | n/a | 0.0% | |
CEDAR FALLS COMMUNITY CREDIT UNION | $400,000 | $45,000 | -88.8% | 0.0% |
Community Choice Credit Union | $285,000 | $35,000 | -87.7% | 0.0% |
AMERICAN ADVISORS GROUP | $45,000 | $15,000 | -66.7% | 0.0% |
Signature Federal Credit Union | $15,000 | n/a | 0.0% |
Mason City's top lender by overall market share is Wells Fargo Bank, with 12.4% market share. In second place, with 8.7%, is CorTrust Bank, having originated $9,975,000 in loans. In third place, with 6.4%, is U.S. Bank, having originated $7,325,000 in loans. In fourth place, with 5.9%, is Plains Commerce Bank, having originated $6,710,000 in loans. In fifth place, with 5.6%, is QUICKEN LOANS, LLC, having originated $6,380,000 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 | $225,750 (29.9%) | $354,183 (48.0%) | 0.00 | 134 |
2022-10-01 | $234,900 (44.6%) | $356,633 (74.3%) | 0.00 | 140 |
2022-11-01 | $232,400 (55.3%) | $355,273 (82.9%) | 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 |
Mason City's median listing price comes in at 0% of the national average.
Mason City's average listing price for 2023-08-01 was $449,037, a difference of $116,709 (35.1%) versus the prior year and $4,159 versus the prior month.
For the 2023-08-01 period, Mason City had 105 MLS listings, a difference of -9 listings (-8%) versus the prior month and -36 listings (-26%) 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 |
Mason City's median square footage for active listings during the 2023-08-01 period was 2,118 sqft. One year prior, the average listing was 1,963 sqft.
Mason City, IA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 436 | $82,890,000 | $190,115 |
Cash Out Refi | 103 | $17,105,000 | $166,068 |
Refi | 60 | $11,100,000 | $185,000 |
Other | 20 | $2,170,000 | $108,500 |
Home Improvement | 19 | $1,435,000 | $75,526 |
Mason City's most frequently cited loan purpose was Home Purchase, with 436 originations. The 2nd most popular reason was Cash Out Refi, with 103 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 174 | $28,490,000 | $163,736 |
4-5% | 169 | $25,485,000 | $150,799 |
3-4% | 128 | $22,750,000 | $177,734 |
6-7% | 79 | $11,615,000 | $147,025 |
2.5-3% | 32 | $8,150,000 | $254,688 |
<2.5% | 22 | $2,090,000 | $95,000 |
7-8% | 19 | $2,615,000 | $137,632 |
Over 8% | 3 | $285,000 | $95,000 |
During 2022, Mason City's most frequently originated rate bucket was 5-6%, with 174 originations.
Loan Sizing (Mason City, IA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 268 | $37,490,000 | $139,888 |
$100,000 or less | 216 | $13,880,000 | $64,259 |
$200k-400k | 119 | $31,405,000 | $263,908 |
$400k-600k | 25 | $12,015,000 | $480,600 |
$Over $1MM | 6 | $17,000,000 | $2,833,333 |
$600k-1000k | 4 | $2,910,000 | $727,500 |
Mason City's loan sizing saw the bucket of loans from $100k-200k with 268 originations, totaling $37,490,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 354 | $60,580,000 | $171,130 |
60-80% | 143 | $25,265,000 | $176,678 |
40-60% | 57 | $10,045,000 | $176,228 |
Under 20% | 34 | $800,000 | $23,529 |
20-40% | 30 | $2,720,000 | $90,667 |
Over 100% | 6 | $1,710,000 | $285,000 |
Mason City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 354 originations, totaling $60,580,000 in origination value.