Mason City Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Mason City averaged 7.26% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.84% and one month ago for the week of 2024-03-14, the average rate was 6.7%.

    Mason City's average rate one year ago was 6.13%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.2%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Mason City 30 Year Fixed Rate 2024-04-18 7.26%
    Mason City 30 Year Fixed Rate Refi 2024-04-18 7.2%
    Mason City 15 Year Fixed Rate 2024-04-18 6.19%
    Mason City 15 Year Fixed Rate Refi 2024-04-18 6.49%
    Mason City 30 Year FHA 2024-04-18 6.71%
    Mason City 30 Year FHA Refi 2024-04-18 6.76%
    Mason City 30 Year USDA 2024-04-18 6.66%
    Mason City 30 Year USDA Refi 2024-04-18 6.86%
    Mason City 30 Year VA 2024-04-18 6.96%
    Mason City 30 Year VA Refi 2024-04-18 6.86%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Mason City, IA.

    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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Wells Fargo Bank 20 6.74% $3,629
    U.S. Bank 12 6.88% $3,570
    QUICKEN LOANS, LLC 10 6.86% $5,461
    Plains Commerce Bank 9 6.64% $3,743
    GREENSTATE CREDIT UNION 8 6.62% $2,316
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 7.44% $2,943
    IOWA BANKERS MORTGAGE CORPORATION 5 6.60% $3,073
    VERIDIAN CREDIT UNION 5 6.88% $2,035
    DUPACO COMMUNITY 4 6.53% $2,865
    UNION HOME MORTGAGE CORP. 4 7.66% $5,071
    Bankers' Bank 4 6.63% $5,300
    GUILD MORTGAGE COMPANY 3 7.21% $6,566
    Mr. Cooper ( Nationstar Mortgage ) 3 6.50% $6,380
    JPMorgan Chase Bank 2 6.75% $2,537
    Deere Employees Credit Union 2 6.88% $3,258
    Luana Savings Bank 2 6.75% $1,143
    Northwest Bank 2 6.38% $3,213
    PENNYMAC LOAN SERVICES, LLC 2 6.75% $4,091
    Premier Credit Union 2 6.63% $4,136
    GREATER IOWA CREDIT UNION 2 7.19% $2,021
    GUARANTEED RATE, INC. 2 6.81% $4,248
    Servion, Inc. 2 6.88% $4,032
    CARDINAL FINANCIAL 2 5.99% $6,236
    Bank of America 2 8.38% $5,608
    UNITED WHOLESALE MORTGAGE, LLC 2 7.41% $4,130
    The Huntington National Bank 1 7.38% $3,699
    Tradition Mortgage, LLC 1 7.13% $7,168
    ALLIANT CREDIT UNION 1 6.88% $2,982
    WINGS FINANCIAL 1 4.88% $3,120
    AmeriHome Mortgage Company, LLC 1 6.38% $2,808
    Bank Iowa 1 7.75% $2,802
    Bell Bank 1 6.50% $6,403
    BMO Harris Bank 1 5.88% $4,273
    BROKER SOLUTIONS, INC. 1 7.88% $6,052
    CHARTER WEST BANK 1 7.50% $2,714
    Community Choice Credit Union 1 6.75% $2,396
    Farm Credit Mid-America, ACA 1 7.38% $6,303
    Farmers State Bank 1 7.25% $2,130
    First Savings Bank 1 6.50% $3,586
    Flagstar Bank, FSB 1 6.13% $3,026
    FRONTIER FINANCIAL, INC. 1 6.63% $4,476
    Gateway First Bank 1 6.88% $4,725
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.38% $4,500
    Johnson Bank 1 6.00% $2,728
    Lincoln Savings Bank 1 7.03% $4,589
    LOANDEPOT.COM, LLC 1 6.99% $11,916
    MORTGAGE ACCESS CORP. 1 6.49% $6,238
    PREMIA MORTGAGE, LLC 1 6.00% $1,148
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.88% $4,582
    Primebank 1 6.25% $4,909
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.13% $5,647
    ROYAL UNITED MORTGAGE LLC 1 6.25% $6,901
    The Central Trust Bank 1 7.50% $4,221

    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. Louis
    Date 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
    Mason City's median listing price for 2024-03-01 was $225,000, a difference of $-24,900 (-10.0%) versus the prior year and $8,775 versus the prior month.

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

    Mason City's average listing price for 2024-03-01 was $321,093, a difference of $-52,994 (-14.2%) versus the prior year and $14,775 versus the prior month.

    For the 2024-03-01 period, Mason City had 148 MLS listings, a difference of 12 listings (9%) versus the prior month and 34 listings (30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mason City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,911 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
    Mason City's median listing age (time on market) for 2024-03-01 was 0 days.

    Mason City's median square footage for active listings during the 2024-03-01 period was 1,923 sqft. One year prior, the average listing was 1,872 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.