McMinnville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mcminnville averaged
7.07%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
7.16% and
one month ago for the week of 2023-08-17, the
average rate was 6.97%.
Mcminnville's average rate one year ago was 5.9%.
For refis of the same type during the week of 2023-09-21, the average rate
was 7.49%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
| Mcminnville 30 Year Fixed Rate | 2023-09-21 | 7.07% |
| Mcminnville 30 Year Fixed Rate Refi | 2023-09-21 | 7.49% |
| Mcminnville 15 Year Fixed Rate | 2023-09-21 | 6.64% |
| Mcminnville 15 Year Fixed Rate Refi | 2023-09-21 | 6.54% |
| Mcminnville 30 Year FHA | 2023-09-21 | 6.33% |
| Mcminnville 30 Year FHA Refi | 2023-09-21 | 6.94% |
| Mcminnville 30 Year USDA | 2023-09-21 | 6.41% |
| Mcminnville 30 Year USDA Refi | 2023-09-21 | 7.02% |
| Mcminnville 30 Year VA | 2023-09-21 | 6.62% |
| Mcminnville 30 Year VA Refi | 2023-09-21 | 7.02% |
McMinnville 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 McMinnville, TN 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.).
McMinnville Average Closing Costs & Other Stats
McMinnville, TN's 88 lenders originated 993
loans during 2022. The total origination value was $186,095,000, with an average loan value of
$187,407.
McMinnville's average closing costs are $5,017.
The top McMinnville lender as defined by loan originations is QUICKEN LOANS, LLC, with
32 loans originated. Their average total fees are
$6,750, which is $1,761
higher than the next largest lender,
The First National Bank of Middle Tennessee.
The lowest fee McMinnville lenders (with over 10 loans originated) are
Renasant Bank ($4,166), The First National Bank of Middle Tennessee ($4,988), Citizens Tri-County Bank ($5,112), FIRST COMMUNITY MORTGAGE, INC. ($5,468) and QUICKEN LOANS, LLC ($6,750).
The lowest rate McMinnville lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (4.86%), The First National Bank of Middle Tennessee (4.99%), Renasant Bank (5.14%), FIRST COMMUNITY MORTGAGE, INC. (5.29%) and Citizens Tri-County Bank (5.36%).
McMinnville, TN 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $20,470,000 | $15,645,000 | -23.6% | 8.4% |
| Renasant Bank | $16,380,000 | $14,830,000 | -9.5% | 8.0% |
| The First National Bank of Middle Tennessee | $23,985,000 | $12,915,000 | -46.2% | 6.9% |
| Citizens Tri-County Bank | $8,460,000 | $8,440,000 | -0.2% | 4.5% |
| FIRST COMMUNITY MORTGAGE, INC. | $5,150,000 | $7,750,000 | 50.5% | 4.2% |
| CMG MORTGAGE, INC. | $4,825,000 | $5,870,000 | 21.7% | 3.2% |
| Mortgage Research Center, LLC | $3,290,000 | $5,370,000 | 63.2% | 2.9% |
| First Vision Bank of Tennessee | $4,325,000 | n/a | 2.3% | |
| U.S. Bank | $4,965,000 | $4,170,000 | -16.0% | 2.2% |
| First Horizon Bank | $2,290,000 | $3,765,000 | 64.4% | 2.0% |
| ASCEND FEDERAL CREDIT UNION | $5,215,000 | $3,380,000 | -35.2% | 1.8% |
| Regions Bank | $4,365,000 | $3,350,000 | -23.3% | 1.8% |
| Farm Credit Mid-America, ACA | $3,335,000 | $2,680,000 | -19.6% | 1.4% |
| LOANDEPOT.COM, LLC | $3,105,000 | $2,620,000 | -15.6% | 1.4% |
| PENNYMAC LOAN SERVICES, LLC | $5,285,000 | $2,600,000 | -50.8% | 1.4% |
| FirstBank | $3,785,000 | $2,565,000 | -32.2% | 1.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,525,000 | $2,555,000 | 67.5% | 1.4% |
| ISERVE RESIDENTIAL LENDING, LLC | $1,395,000 | $2,520,000 | 80.6% | 1.4% |
| AMERISAVE MORTGAGE CORPORATION | $1,255,000 | $2,105,000 | 67.7% | 1.1% |
| 21ST MORTGAGE CORPORATION | $1,455,000 | $2,020,000 | 38.8% | 1.1% |
| REDSTONE Federal Credit Union | $335,000 | $1,825,000 | 444.8% | 1.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $545,000 | $1,805,000 | 231.2% | 1.0% |
| BROKER SOLUTIONS, INC. | $1,285,000 | $1,620,000 | 26.1% | 0.9% |
| MORTGAGE INVESTORS GROUP, INC. | $4,575,000 | $1,520,000 | -66.8% | 0.8% |
| ACOPIA, LLC | $2,190,000 | $1,470,000 | -32.9% | 0.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,085,000 | $1,445,000 | -30.7% | 0.8% |
| SWBC MORTGAGE CORPORATION | $1,380,000 | n/a | 0.7% | |
| 1ST SIGNATURE LENDING, LLC | $1,365,000 | n/a | 0.7% | |
| Mr. Cooper ( Nationstar Mortgage ) | $1,165,000 | $1,240,000 | 6.4% | 0.7% |
| HOMESIDE FINANCIAL, LLC | $1,235,000 | n/a | 0.7% | |
| Wilson Bank And Trust | $1,600,000 | $1,200,000 | -25.0% | 0.6% |
| Wells Fargo Bank | $1,700,000 | $1,165,000 | -31.5% | 0.6% |
| UNION HOME MORTGAGE CORP. | $1,135,000 | n/a | 0.6% | |
| NEW DAY FINANCIAL, LLC | $1,390,000 | $1,120,000 | -19.4% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $3,085,000 | $1,100,000 | -64.3% | 0.6% |
| Legacy Home Loans, LLC | $380,000 | $1,065,000 | 180.3% | 0.6% |
| Legends Bank | $395,000 | $1,055,000 | 167.1% | 0.6% |
| CALIBER HOME LOANS, INC. | $195,000 | $1,040,000 | 433.3% | 0.6% |
| INTERLINC MORTGAGE SERVICES, LLC | $945,000 | $1,035,000 | 9.5% | 0.6% |
| STOCKTON MORTGAGE CORPORATION | $1,400,000 | $1,015,000 | -27.5% | 0.5% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $105,000 | $1,010,000 | 861.9% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $1,615,000 | $990,000 | -38.7% | 0.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $555,000 | $925,000 | 66.7% | 0.5% |
| CapStar Bank | $1,845,000 | $915,000 | -50.4% | 0.5% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $145,000 | $900,000 | 520.7% | 0.5% |
| Fifth Third Bank | $485,000 | $880,000 | 81.4% | 0.5% |
| Bank of England | $360,000 | $845,000 | 134.7% | 0.5% |
| MOVEMENT MORTGAGE, LLC | $770,000 | $840,000 | 9.1% | 0.5% |
| AmRes Corporation | $455,000 | $830,000 | 82.4% | 0.4% |
| PLANET HOME LENDING, LLC | $520,000 | $825,000 | 58.7% | 0.4% |
| United Community Bank | $815,000 | n/a | 0.4% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $430,000 | $790,000 | 83.7% | 0.4% |
| Pinnacle Bank | $725,000 | $775,000 | 6.9% | 0.4% |
| NEWREZ LLC | $490,000 | $755,000 | 54.1% | 0.4% |
| Northpointe Bank | $105,000 | $745,000 | 609.5% | 0.4% |
| THE MORTGAGE FIRM, INC. | $655,000 | n/a | 0.4% | |
| First National Bank of Pulaski | $125,000 | $645,000 | 416.0% | 0.3% |
| F&M Bank | $1,205,000 | $635,000 | -47.3% | 0.3% |
| AMCAP MORTGAGE, LTD. | $535,000 | $605,000 | 13.1% | 0.3% |
| Bank of Tennessee | $325,000 | $580,000 | 78.5% | 0.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,000,000 | $570,000 | -43.0% | 0.3% |
| Wyndham Capital Mortgage, Inc. | $555,000 | n/a | 0.3% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $615,000 | $550,000 | -10.6% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $540,000 | $550,000 | 1.9% | 0.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,810,000 | $540,000 | -70.2% | 0.3% |
| Flagstar Bank, FSB | $1,080,000 | $530,000 | -50.9% | 0.3% |
| CASTLE & COOKE MORTGAGE, LLC | $175,000 | $510,000 | 191.4% | 0.3% |
| CHURCHILL MORTGAGE CORPORATION | $495,000 | $505,000 | 2.0% | 0.3% |
| COMMUNITY MORTGAGE CORPORATION | $500,000 | n/a | 0.3% | |
| RELIANCE FIRST CAPITAL, LLC | $360,000 | $465,000 | 29.2% | 0.2% |
| GUARANTEED RATE, INC. | $490,000 | $445,000 | -9.2% | 0.2% |
| JLB CORPORATION | $330,000 | $430,000 | 30.3% | 0.2% |
| LAND HOME FINANCIAL SERVICES, INC. | $765,000 | $425,000 | -44.4% | 0.2% |
| Marine Bank | $425,000 | n/a | 0.2% | |
| The Huntington National Bank | $425,000 | n/a | 0.2% | |
| AmeriHome Mortgage Company, LLC | $730,000 | $420,000 | -42.5% | 0.2% |
| PHH Mortgage Corporation | $420,000 | n/a | 0.2% | |
| CANOPY MORTGAGE, LLC | $400,000 | n/a | 0.2% | |
| GUILD MORTGAGE COMPANY | $655,000 | $400,000 | -38.9% | 0.2% |
| AMERICAN ADVISORS GROUP | $45,000 | $390,000 | 766.7% | 0.2% |
| Bank of America | $180,000 | $390,000 | 116.7% | 0.2% |
| Synovus Bank | $215,000 | $390,000 | 81.4% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $450,000 | $375,000 | -16.7% | 0.2% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $125,000 | $355,000 | 184.0% | 0.2% |
| SECURITYNATIONAL MORTGAGE COMPANY | $355,000 | n/a | 0.2% | |
| USAA Federal Savings Bank | $865,000 | $345,000 | -60.1% | 0.2% |
| FOUR POINTS | $225,000 | $325,000 | 44.4% | 0.2% |
| NTFN, INC. | $315,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $2,020,000 | $310,000 | -84.7% | 0.2% |
| MIDLAND MORTGAGE CORPORATION | $305,000 | n/a | 0.2% | |
| EVERETT FINANCIAL, INC. | $300,000 | n/a | 0.2% | |
| Magnolia Bank | $325,000 | $295,000 | -9.2% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $115,000 | $290,000 | 152.2% | 0.2% |
| Citizens Bank | $550,000 | $285,000 | -48.2% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $125,000 | $270,000 | 116.0% | 0.1% |
| Citibank | $265,000 | n/a | 0.1% | |
| LADERA LENDING, INC. | $255,000 | n/a | 0.1% | |
| TENNESSEE VALLEY | $255,000 | n/a | 0.1% | |
| The Federal Savings Bank | $235,000 | $255,000 | 8.5% | 0.1% |
| DHI MORTGAGE COMPANY, LTD. | $245,000 | n/a | 0.1% | |
| PROPER RATE, LLC | $245,000 | n/a | 0.1% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,115,000 | $245,000 | -78.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $135,000 | $240,000 | 77.8% | 0.1% |
| CIS Financial Services, Inc. | $235,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $235,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $205,000 | $235,000 | 14.6% | 0.1% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $235,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $225,000 | n/a | 0.1% | |
| Princeton Mortgage Corporation | $215,000 | n/a | 0.1% | |
| GUARANTY MORTGAGE SERVICES, L.L.C. | $205,000 | n/a | 0.1% | |
| RANLIFE, INC. | $145,000 | $205,000 | 41.4% | 0.1% |
| Texana Bank | $205,000 | n/a | 0.1% | |
| VAN DYK MORTGAGE CORPORATION | $390,000 | $195,000 | -50.0% | 0.1% |
| LIBERTY HOME MORTGAGE CORPORATION | $175,000 | n/a | 0.1% | |
| Southern Bank of Tennessee | $165,000 | $175,000 | 6.1% | 0.1% |
| ZILLOW HOME LOANS, LLC | $405,000 | $175,000 | -56.8% | 0.1% |
| PNC Bank | $175,000 | $170,000 | -2.9% | 0.1% |
| Chicago Mortgage Solutions LLC | $155,000 | n/a | 0.1% | |
| CORNERSTONE FINANCIAL CREDIT UNION | $155,000 | n/a | 0.1% | |
| EVANSVILLE TEACHERS | $485,000 | $155,000 | -68.0% | 0.1% |
| JPMorgan Chase Bank | $800,000 | $150,000 | -81.3% | 0.1% |
| Ameris Bank | $145,000 | n/a | 0.1% | |
| Byron Bank | $145,000 | n/a | 0.1% | |
| Citizens Bank | $550,000 | $145,000 | -73.6% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $425,000 | $145,000 | -65.9% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $145,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $135,000 | n/a | 0.1% | |
| First-Citizens Bank & Trust Company | $125,000 | n/a | 0.1% | |
| Truist | $545,000 | $125,000 | -77.1% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $155,000 | $115,000 | -25.8% | 0.1% |
| SeaTrust Mortgage Company | $115,000 | n/a | 0.1% | |
| UNITED MORTGAGE CORP. | $115,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $95,000 | $110,000 | 15.8% | 0.1% |
| Bank of Dickson | $105,000 | n/a | 0.1% | |
| Nations Lending Corporation | $775,000 | $95,000 | -87.7% | 0.1% |
| TOTAL MORTGAGE SERVICES, LLC | $95,000 | n/a | 0.1% | |
| HomeTrust Bank | $55,000 | n/a | 0.0% | |
| LOANPAL, LLC | $55,000 | n/a | 0.0% | |
| Volunteer State Bank | $35,000 | n/a | 0.0% | |
| Citizens Bank of Lafayette | $25,000 | n/a | 0.0% |
McMinnville's top lender by overall market share is QUICKEN LOANS, LLC, with 8.4% market share. In second place, with 8.0%, is Renasant Bank, having originated $14,830,000 in loans. In third place, with 6.9%, is The First National Bank of Middle Tennessee, having originated $12,915,000 in loans. In fourth place, with 4.5%, is Citizens Tri-County Bank, having originated $8,440,000 in loans. In fifth place, with 4.2%, is FIRST COMMUNITY MORTGAGE, INC., having originated $7,750,000 in loans.
McMinnville Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - McMinnville (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 | $182,300 (48.9%) | $280,673 (37.5%) | 0.00 | 119 |
| 2018-02-01 | $189,125 (44.2%) | $290,380 (33.6%) | 0.00 | 114 |
| 2018-03-01 | $197,400 (65.4%) | $286,217 (34.2%) | 0.00 | 116 |
| 2018-04-01 | $191,200 (51.5%) | $284,010 (30.3%) | 0.00 | 127 |
| 2018-05-01 | $194,900 (45.3%) | $290,202 (24.5%) | 0.00 | 129 |
| 2018-06-01 | $190,950 (41.5%) | $276,310 (13.3%) | 0.00 | 136 |
| 2018-07-01 | $199,925 (33.4%) | $294,114 (17.4%) | 0.00 | 127 |
| 2018-08-01 | $201,200 (28.1%) | $284,237 (12.3%) | 0.00 | 141 |
| 2018-09-01 | $185,000 (19.4%) | $272,848 (8.0%) | 0.00 | 148 |
| 2018-10-01 | $193,100 (18.8%) | $274,616 (2.6%) | 0.00 | 152 |
| 2018-11-01 | $199,900 (12.7%) | $282,686 (1.1%) | 0.00 | 154 |
| 2018-12-01 | $199,900 (2.9%) | $280,774 (-2.6%) | 0.00 | 151 |
| 2019-01-01 | $199,900 (9.7%) | $283,183 (0.9%) | 0.00 | 138 |
| 2019-02-01 | $197,725 (4.6%) | $281,519 (-3.1%) | 0.00 | 132 |
| 2019-03-01 | $207,071 (4.9%) | $283,122 (-1.1%) | 0.00 | 119 |
| 2019-04-01 | $200,846 (5.1%) | $279,418 (-1.6%) | 0.00 | 117 |
| 2019-05-01 | $234,400 (20.3%) | $295,143 (1.7%) | 0.00 | 126 |
| 2019-06-01 | $229,900 (20.4%) | $295,917 (7.1%) | 0.00 | 115 |
| 2019-07-01 | $237,075 (18.6%) | $301,351 (2.5%) | 0.00 | 112 |
| 2019-08-01 | $262,564 (30.5%) | $316,042 (11.2%) | 0.00 | 110 |
| 2019-09-01 | $247,734 (33.9%) | $310,485 (13.8%) | 0.00 | 120 |
| 2019-10-01 | $234,350 (21.4%) | $303,744 (10.6%) | 0.00 | 128 |
| 2019-11-01 | $215,000 (7.6%) | $290,941 (2.9%) | 0.00 | 129 |
| 2019-12-01 | $212,000 (6.1%) | $294,831 (5.0%) | 0.00 | 116 |
| 2020-01-01 | $193,225 (-3.3%) | $270,442 (-4.5%) | 0.00 | 114 |
| 2020-02-01 | $188,250 (-4.8%) | $265,448 (-5.7%) | 0.00 | 102 |
| 2020-03-01 | $190,725 (-7.9%) | $283,860 (0.3%) | 0.00 | 96 |
| 2020-04-01 | $194,500 (-3.2%) | $288,346 (3.2%) | 0.00 | 97 |
| 2020-05-01 | $199,000 (-15.1%) | $299,984 (1.6%) | 0.00 | 98 |
| 2020-06-01 | $207,450 (-9.8%) | $327,104 (10.5%) | 0.00 | 76 |
| 2020-07-01 | $212,450 (-10.4%) | $344,641 (14.4%) | 0.00 | 76 |
| 2020-08-01 | $229,900 (-12.4%) | $347,617 (10.0%) | 0.00 | 71 |
| 2020-09-01 | $239,000 (-3.5%) | $365,877 (17.8%) | 0.00 | 74 |
| 2020-10-01 | $245,000 (4.5%) | $395,846 (30.3%) | 0.00 | 64 |
| 2020-11-01 | $247,450 (15.1%) | $397,157 (36.5%) | 0.00 | 69 |
| 2020-12-01 | $264,613 (24.8%) | $421,261 (42.9%) | 0.00 | 62 |
| 2021-01-01 | $249,500 (29.1%) | $439,105 (62.4%) | 0.00 | 56 |
| 2021-02-01 | $251,888 (33.8%) | $425,426 (60.3%) | 0.00 | 50 |
| 2021-03-01 | $309,800 (62.4%) | $550,072 (93.8%) | 0.00 | 39 |
| 2021-04-01 | $349,900 (79.9%) | $543,012 (88.3%) | 0.00 | 34 |
| 2021-05-01 | $339,000 (70.4%) | $494,339 (64.8%) | 0.00 | 42 |
| 2021-06-01 | $299,900 (44.6%) | $484,450 (48.1%) | 0.00 | 53 |
| 2021-07-01 | $292,200 (37.5%) | $397,518 (15.3%) | 0.00 | 68 |
| 2021-08-01 | $312,400 (35.9%) | $426,042 (22.6%) | 0.00 | 77 |
| 2021-09-01 | $347,400 (45.4%) | $452,816 (23.8%) | 0.00 | 76 |
| 2021-10-01 | $329,900 (34.7%) | $426,689 (7.8%) | 0.00 | 82 |
| 2021-11-01 | $256,980 (3.9%) | $347,336 (-12.5%) | 0.00 | 85 |
| 2021-12-01 | $259,900 (-1.8%) | $332,613 (-21.0%) | 0.00 | 76 |
| 2022-01-01 | $272,450 (9.2%) | $331,728 (-24.5%) | 0.00 | 70 |
| 2022-02-01 | $287,175 (14.0%) | $378,377 (-11.1%) | 0.00 | 58 |
| 2022-03-01 | $297,100 (-4.1%) | $370,372 (-32.7%) | 0.00 | 60 |
| 2022-04-01 | $299,900 (-14.3%) | $406,669 (-25.1%) | 0.00 | 70 |
| 2022-05-01 | $307,450 (-9.3%) | $442,497 (-10.5%) | 0.00 | 72 |
| 2022-06-01 | $312,450 (4.2%) | $515,228 (6.4%) | 0.00 | 102 |
| 2022-07-01 | $299,900 (2.6%) | $520,660 (31.0%) | 0.00 | 118 |
| 2022-08-01 | $319,908 (2.4%) | $521,188 (22.3%) | 0.00 | 119 |
| 2022-09-01 | $321,150 (-7.6%) | $511,639 (13.0%) | 0.00 | 124 |
| 2022-10-01 | $344,900 (4.6%) | $522,023 (22.3%) | 0.00 | 132 |
| 2022-11-01 | $307,475 (19.7%) | $470,818 (35.6%) | 0.00 | 164 |
| 2022-12-01 | $310,000 (19.3%) | $463,081 (39.2%) | 0.00 | 148 |
| 2023-01-01 | $309,450 (13.6%) | $447,998 (35.1%) | 0.00 | 143 |
| 2023-02-01 | $307,400 (7.0%) | $419,175 (10.8%) | 0.00 | 138 |
| 2023-03-01 | $312,725 (5.3%) | $404,049 (9.1%) | 0.00 | 120 |
| 2023-04-01 | $344,900 (15.0%) | $428,762 (5.4%) | 0.00 | 122 |
| 2023-05-01 | $372,425 (21.1%) | $448,104 (1.3%) | 0.00 | 119 |
| 2023-06-01 | $376,150 (20.4%) | $452,628 (-12.2%) | 0.00 | 127 |
| 2023-07-01 | $356,200 (18.8%) | $503,772 (-3.2%) | 0.00 | 127 |
| 2023-08-01 | $359,675 (12.4%) | $494,398 (-5.1%) | 0.00 | 133 |
McMinnville's median listing price comes in at 0% of the national average.
McMinnville's average listing price for 2023-08-01 was $494,398, a difference of $-26,790 (-5.1%) versus the prior year and $-9,374 versus the prior month.
For the 2023-08-01 period, McMinnville had 133 MLS listings, a difference of 6 listings (5%) versus the prior month and 14 listings (12%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - McMinnville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,870 sqft |
| 2018-02-01 | 0 days | 1,869 sqft |
| 2018-03-01 | 0 days | 1,908 sqft |
| 2018-04-01 | 0 days | 1,945 sqft |
| 2018-05-01 | 0 days | 1,888 sqft |
| 2018-06-01 | 0 days | 1,832 sqft |
| 2018-07-01 | 0 days | 1,928 sqft |
| 2018-08-01 | 0 days | 1,916 sqft |
| 2018-09-01 | 0 days | 1,730 sqft |
| 2018-10-01 | 0 days | 1,720 sqft |
| 2018-11-01 | 0 days | 1,816 sqft |
| 2018-12-01 | 0 days | 1,864 sqft |
| 2019-01-01 | 0 days | 1,918 sqft |
| 2019-02-01 | 0 days | 2,019 sqft |
| 2019-03-01 | 0 days | 1,912 sqft |
| 2019-04-01 | 0 days | 1,831 sqft |
| 2019-05-01 | 0 days | 2,028 sqft |
| 2019-06-01 | 0 days | 2,074 sqft |
| 2019-07-01 | 0 days | 2,082 sqft |
| 2019-08-01 | 0 days | 2,207 sqft |
| 2019-09-01 | 0 days | 2,178 sqft |
| 2019-10-01 | 0 days | 2,153 sqft |
| 2019-11-01 | 0 days | 2,021 sqft |
| 2019-12-01 | 0 days | 1,988 sqft |
| 2020-01-01 | 0 days | 1,814 sqft |
| 2020-02-01 | 0 days | 1,809 sqft |
| 2020-03-01 | 0 days | 1,811 sqft |
| 2020-04-01 | 0 days | 1,776 sqft |
| 2020-05-01 | 0 days | 1,795 sqft |
| 2020-06-01 | 0 days | 1,820 sqft |
| 2020-07-01 | 0 days | 1,869 sqft |
| 2020-08-01 | 0 days | 1,930 sqft |
| 2020-09-01 | 0 days | 1,862 sqft |
| 2020-10-01 | 0 days | 1,840 sqft |
| 2020-11-01 | 0 days | 1,878 sqft |
| 2020-12-01 | 0 days | 1,920 sqft |
| 2021-01-01 | 0 days | 1,924 sqft |
| 2021-02-01 | 0 days | 1,920 sqft |
| 2021-03-01 | 0 days | 2,127 sqft |
| 2021-04-01 | 0 days | 2,182 sqft |
| 2021-05-01 | 0 days | 2,055 sqft |
| 2021-06-01 | 0 days | 1,821 sqft |
| 2021-07-01 | 0 days | 1,762 sqft |
| 2021-08-01 | 0 days | 1,829 sqft |
| 2021-09-01 | 0 days | 1,919 sqft |
| 2021-10-01 | 0 days | 1,892 sqft |
| 2021-11-01 | 0 days | 1,608 sqft |
| 2021-12-01 | 0 days | 1,710 sqft |
| 2022-01-01 | 0 days | 1,758 sqft |
| 2022-02-01 | 0 days | 1,849 sqft |
| 2022-03-01 | 0 days | 1,849 sqft |
| 2022-04-01 | 0 days | 1,691 sqft |
| 2022-05-01 | 0 days | 1,576 sqft |
| 2022-06-01 | 0 days | 1,779 sqft |
| 2022-07-01 | 0 days | 1,743 sqft |
| 2022-08-01 | 0 days | 1,890 sqft |
| 2022-09-01 | 0 days | 1,822 sqft |
| 2022-10-01 | 0 days | 1,920 sqft |
| 2022-11-01 | 0 days | 1,848 sqft |
| 2022-12-01 | 0 days | 1,825 sqft |
| 2023-01-01 | 0 days | 1,777 sqft |
| 2023-02-01 | 0 days | 1,794 sqft |
| 2023-03-01 | 0 days | 1,775 sqft |
| 2023-04-01 | 0 days | 1,846 sqft |
| 2023-05-01 | 0 days | 1,924 sqft |
| 2023-06-01 | 0 days | 1,949 sqft |
| 2023-07-01 | 0 days | 1,929 sqft |
| 2023-08-01 | 0 days | 1,919 sqft |
McMinnville's median square footage for active listings during the 2023-08-01 period was 1,919 sqft. One year prior, the average listing was 1,890 sqft.
McMinnville, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 536 | $115,710,000 | $215,877 |
| Cash Out Refi | 215 | $37,305,000 | $173,512 |
| Refi | 171 | $27,595,000 | $161,374 |
| Other | 37 | $2,715,000 | $73,378 |
| Home Improvement | 34 | $2,770,000 | $81,471 |
Mcminnville's most frequently cited loan purpose was Home Purchase, with 536 originations. The 2nd most popular reason was Cash Out Refi, with 215 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 240 | $46,430,000 | $193,458 |
| 3-4% | 207 | $41,575,000 | $200,845 |
| 4-5% | 204 | $45,920,000 | $225,098 |
| 6-7% | 117 | $21,095,000 | $180,299 |
| 2.5-3% | 45 | $8,915,000 | $198,111 |
| 7-8% | 35 | $3,965,000 | $113,286 |
| Over 8% | 25 | $2,425,000 | $97,000 |
| <2.5% | 10 | $2,100,000 | $210,000 |
During 2022, Mcminnville's most frequently originated rate bucket was 5-6%, with 240 originations.
Loan Sizing (McMinnville, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 379 | $56,905,000 | $150,145 |
| $200k-400k | 349 | $92,205,000 | $264,198 |
| $100,000 or less | 224 | $13,030,000 | $58,170 |
| $400k-600k | 31 | $14,615,000 | $471,452 |
| $600k-1000k | 8 | $5,200,000 | $650,000 |
| $Over $1MM | 2 | $4,140,000 | $2,070,000 |
McMinnville's loan sizing saw the bucket of loans from $100k-200k with 379 originations, totaling $56,905,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 391 | $89,845,000 | $229,783 |
| 60-80% | 223 | $47,175,000 | $211,547 |
| 40-60% | 118 | $20,220,000 | $171,356 |
| 20-40% | 69 | $6,985,000 | $101,232 |
| Under 20% | 59 | $2,295,000 | $38,898 |
| Over 100% | 18 | $4,970,000 | $276,111 |
McMinnville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 391 originations, totaling $89,845,000 in origination value.