McPherson Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Mcpherson averaged 5.93% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 5.84% and one month ago for the week of 2022-05-26, the average rate was 5.53%.

Mcpherson's average rate one year ago was 3.32%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.71%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Mcpherson 30 Year Fixed Rate 2022-06-30 5.93%
Mcpherson 30 Year Fixed Rate Refi 2022-06-30 5.71%
Mcpherson 15 Year Fixed Rate 2022-06-30 6.31%
Mcpherson 15 Year Fixed Rate Refi 2022-06-30 4.82%
Mcpherson 30 Year FHA 2022-06-30 6.06%
Mcpherson 30 Year FHA Refi 2022-06-30 5.36%
Mcpherson 30 Year USDA 2022-06-30 5.8%
Mcpherson 30 Year USDA Refi 2022-06-30 5.75%
Mcpherson 30 Year VA 2022-06-30 5.82%
Mcpherson 30 Year VA Refi 2022-06-30 5.46%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within McPherson, KS.

McPherson Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the McPherson, KS 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Gateway First Bank 20 3.21% $2,211
QUICKEN LOANS, LLC 14 3.20% $4,362
PRIMARY RESIDENTIAL MORTGAGE, INC. 14 3.32% $3,081
PRIMELENDING, A PLAINSCAPITAL COMPANY 10 3.20% $3,854
FLAT BRANCH MORTGAGE, INC. 10 3.25% $2,905
Sunflower Bank 9 3.37% $2,677
HEARTLAND CREDIT UNION 8 3.22% $1,909
Mr. Cooper ( Nationstar Mortgage ) 4 3.53% $3,595
Wells Fargo Bank 3 3.04% $2,829
Capitol Federal Savings Bank 3 2.96% $1,968
JPMorgan Chase Bank 3 3.17% $1,134
LOANDEPOT.COM, LLC 3 3.21% $4,259
U.S. Bank 3 3.33% $2,967
GOLDEN PLAINS 2 2.88% $1,640
OPEN MORTGAGE, LLC 2 3.38% $3,025
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 2.94% $3,116
CREDIT UNION OF AMERICA 2 3.38% $1,400
Community First National Bank 2 3.18% $2,338
Intrust Bank 1 2.75% $1,709
MERITRUST Federal Credit Union 1 2.88% $2,648
MORIA DEVELOPMENT, INC. 1 3.38% $3,995
Mortgage Investment Services Corporation 1 3.38% $2,528
Mortgage Research Center, LLC 1 2.75% $4,289
NBKC BANK 1 3.49% $2,092
Plains Commerce Bank 1 3.25% $2,112
Regent Financial Group, Inc. 1 2.88% $908
Sierra Pacific Mortgage Company, Inc. 1 2.75% $2,756
Ally Bank 1 4.00% $1,127
United Fidelity Funding Corp. 1 4.00% $6,767
UNITED WHOLESALE MORTGAGE, LLC 1 3.07% $2,598
USAA Federal Savings Bank 1 2.63% $6,072
Simmons Bank 1 3.38% $2,948
AMERICAN FINANCING CORPORATION 1 2.75% $6,299
American State Bank 1 3.00% $3,889
AMERISAVE MORTGAGE CORPORATION 1 3.00% $4,922
Bankers' Bank 1 3.38% $2,601
Bank of America 1 3.88% $2,798
BNC National Bank 1 2.88% $2,893
CELEBRITY HOME LOANS, LLC 1 3.88% $3,430
COMMUNITYAMERICA 1 3.25% $2,381
Emprise Bank 1 3.63% $2,779
ENDEAVOR CAPITAL, LLC. 1 2.88% $5,007
FCB Banks 1 2.88% $2,189
Fidelity Bank 1 3.13% $2,321
First Guaranty Mortgage Corporation 1 4.00% $1,950
First National Bank of Omaha 1 2.75% $2,632
FREEDOM MORTGAGE CORPORATION 1 3.25% $3,364
HOME POINT FINANCIAL CORPORATION 1 3.75% $1,428
HOMESIDE FINANCIAL, LLC 1 3.63% $6,802

McPherson, KS's 49 lenders originated 598 loans during 2021. The total origination value was $94,420,000, with an average loan value of $157,893.

The top McPherson lender as defined by loan originations is Gateway First Bank, with 20 loans originated. Their average total fees are $2,211, which is $2,151 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee McPherson lenders (with over 10 loans originated) are Gateway First Bank ($2,211), FLAT BRANCH MORTGAGE, INC. ($2,905), PRIMARY RESIDENTIAL MORTGAGE, INC. ($3,081), PRIMELENDING, A PLAINSCAPITAL COMPANY ($3,854) and QUICKEN LOANS, LLC ($4,362).

The lowest rate McPherson lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.20%), PRIMELENDING, A PLAINSCAPITAL COMPANY (3.20%), Gateway First Bank (3.21%), FLAT BRANCH MORTGAGE, INC. (3.25%) and PRIMARY RESIDENTIAL MORTGAGE, INC. (3.32%).

McPherson, KS Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
The Citizens State Bank $15,680,000 $15,170,000 -3.3% 16.1%
Gateway First Bank $17,740,000 $12,005,000 -32.3% 12.7%
FLAT BRANCH MORTGAGE, INC. $7,700,000 n/a 8.2%
QUICKEN LOANS, LLC $4,810,000 $7,260,000 50.9% 7.7%
PRIMELENDING, A PLAINSCAPITAL COMPANY $12,860,000 $5,515,000 -57.1% 5.8%
FREEDOM MORTGAGE CORPORATION $5,720,000 $4,760,000 -16.8% 5.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $7,230,000 $4,380,000 -39.4% 4.6%
Southern Bank $3,405,000 n/a 3.6%
HEARTLAND CREDIT UNION $1,625,000 $2,415,000 48.6% 2.6%
Mortgage Research Center, LLC $845,000 $2,195,000 159.8% 2.3%
Sunflower Bank $1,675,000 $1,955,000 16.7% 2.1%
PENNYMAC LOAN SERVICES, LLC $195,000 $1,795,000 820.5% 1.9%
Mr. Cooper ( Nationstar Mortgage ) $585,000 $1,185,000 102.6% 1.3%
The Bennington State Bank $1,195,000 $1,165,000 -2.5% 1.2%
Emprise Bank $1,680,000 $1,155,000 -31.3% 1.2%
LOANDEPOT.COM, LLC $615,000 $1,010,000 64.2% 1.1%
NEWREZ LLC $250,000 $910,000 264.0% 1.0%
BNC National Bank $360,000 $835,000 131.9% 0.9%
Simmons Bank $825,000 n/a 0.9%
Wells Fargo Bank $1,325,000 $750,000 -43.4% 0.8%
JPMorgan Chase Bank $95,000 $730,000 668.4% 0.8%
Capitol Federal Savings Bank $650,000 $720,000 10.8% 0.8%
Mortgage Investment Services Corporation $1,770,000 $665,000 -62.4% 0.7%
NAVY FEDERAL CREDIT UNION $215,000 $640,000 197.7% 0.7%
KANZA Bank $605,000 n/a 0.6%
OPEN MORTGAGE, LLC $330,000 $585,000 77.3% 0.6%
PENTAGON FEDERAL CREDIT UNION $95,000 $565,000 494.7% 0.6%
BROKER SOLUTIONS, INC. $560,000 $540,000 -3.6% 0.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $405,000 $535,000 32.1% 0.6%
HOME POINT FINANCIAL CORPORATION $655,000 $530,000 -19.1% 0.6%
LAKEVIEW LOAN SERVICING, LLC $515,000 n/a 0.5%
Central National Bank $820,000 $510,000 -37.8% 0.5%
USAA Federal Savings Bank $455,000 $460,000 1.1% 0.5%
NEW DAY FINANCIAL, LLC $785,000 $455,000 -42.0% 0.5%
Members Mortgage Services, L.L.C. $335,000 $445,000 32.8% 0.5%
Financial Funding Solutions, Inc. $405,000 $440,000 8.6% 0.5%
U.S. Bank $545,000 $415,000 -23.9% 0.4%
Community First National Bank $400,000 n/a 0.4%
First Guaranty Mortgage Corporation $95,000 $375,000 294.7% 0.4%
AMERICAN FINANCING CORPORATION $250,000 $350,000 40.0% 0.4%
Fidelity Bank $340,000 n/a 0.4%
United Fidelity Funding Corp. $655,000 $320,000 -51.1% 0.3%
The Union State Bank $460,000 $300,000 -34.8% 0.3%
Sierra Pacific Mortgage Company, Inc. $175,000 $285,000 62.9% 0.3%
AMERISAVE MORTGAGE CORPORATION $185,000 $280,000 51.4% 0.3%
CREDIT UNION OF AMERICA $450,000 $280,000 -37.8% 0.3%
KS StateBank $145,000 $270,000 86.2% 0.3%
EMBRACE HOME LOANS, INC. $265,000 n/a 0.3%
Carrington Mortgage Services, LLC $465,000 $260,000 -44.1% 0.3%
Flagstar Bank, FSB $250,000 n/a 0.3%
UNITED WHOLESALE MORTGAGE, LLC $235,000 n/a 0.2%
ENDEAVOR CAPITAL, LLC. $555,000 $225,000 -59.5% 0.2%
First National Bank of Omaha $225,000 n/a 0.2%
US MORTGAGE CORPORATION $225,000 n/a 0.2%
MERITRUST Federal Credit Union $240,000 $205,000 -14.6% 0.2%
Regent Financial Group, Inc. $125,000 $195,000 56.0% 0.2%
BM Real Estate Services, Inc. $190,000 n/a 0.2%
GOLDEN PLAINS $300,000 $190,000 -36.7% 0.2%
ROYAL UNITED MORTGAGE LLC $220,000 $190,000 -13.6% 0.2%
Intrust Bank $45,000 $180,000 300.0% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $175,000 n/a 0.2%
RELIANCE FIRST CAPITAL, LLC $175,000 n/a 0.2%
HOMESIDE FINANCIAL, LLC $165,000 n/a 0.2%
COMMUNITYAMERICA $535,000 $155,000 -71.0% 0.2%
Paramount Residential Mortgage Group, Inc. $155,000 n/a 0.2%
MORIA DEVELOPMENT, INC. $145,000 n/a 0.2%
FCB Banks $135,000 n/a 0.1%
Landmark National Bank $135,000 n/a 0.1%
Manufacturers and Traders Trust Company $125,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $105,000 $125,000 19.0% 0.1%
AMERICAN ADVISORS GROUP $15,000 $105,000 600.0% 0.1%
CMG MORTGAGE, INC. $255,000 $105,000 -58.8% 0.1%
21ST MORTGAGE CORPORATION $150,000 $100,000 -33.3% 0.1%
American State Bank $95,000 n/a 0.1%
CELEBRITY HOME LOANS, LLC $85,000 n/a 0.1%
Discover Bank $85,000 n/a 0.1%
Bank of America $80,000 n/a 0.1%
Ally Bank $75,000 n/a 0.1%
NBKC BANK $75,000 n/a 0.1%
Plains Commerce Bank $340,000 $75,000 -77.9% 0.1%
Bankers' Bank $65,000 n/a 0.1%
Community National Bank & Trust $65,000 n/a 0.1%
Citizens Bank of Kansas $55,000 n/a 0.1%
MID AMERICAN $135,000 $35,000 -74.1% 0.0%
SKYWARD $35,000 n/a 0.0%
Envista Credit Union $15,000 n/a 0.0%

McPherson's top lender by overall market share is The Citizens State Bank, with 16.1% market share. In second place, with 12.7%, is Gateway First Bank, having originated $12,005,000 in loans. In third place, with 8.2%, is FLAT BRANCH MORTGAGE, INC., having originated $7,700,000 in loans. In third place, with 7.7%, is QUICKEN LOANS, LLC, having originated $7,260,000 in loans. In third place, with 5.8%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $5,515,000 in loans.


McPherson, KS Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 294 $45,100,000 $153,401
Refi 180 $30,260,000 $168,111
Cash Out Refi 107 $17,185,000 $160,607
Home Improvement 9 $785,000 $87,222
Other 8 $1,090,000 $136,250

Mcpherson's most frequently cited loan purpose was Home Purchase, with 294 originations. The 2nd most popular reason was Refi, with 180 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 215 $35,065,000 $163,093
2.5-3% 174 $29,110,000 $167,299
<2.5% 64 $10,890,000 $170,156
4-5% 17 $1,675,000 $98,529
5-6% 5 $285,000 $57,000
Over 8% 3 $45,000 $15,000
6-7% 1 $55,000 $55,000

During 2021, Mcpherson's most frequently originated rate bucket was 3-4%, with 215 originations.

Loan Sizing (McPherson, KS MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 339 $50,115,000 $147,832
$100,000 or less 143 $10,125,000 $70,804
$200k-400k 110 $27,420,000 $249,273
$400k-600k 3 $1,385,000 $461,667
$Over $1MM 2 $4,770,000 $2,385,000
$600k-1000k 1 $605,000 $605,000

McPherson's loan sizing saw the bucket of loans from $100k-200k with 339 originations, totaling $50,115,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 274 $44,560,000 $162,628
60-80% 95 $17,045,000 $179,421
40-60% 33 $3,925,000 $118,939
Over 100% 23 $4,965,000 $215,870
20-40% 10 $690,000 $69,000
Under 20% 6 $200,000 $33,333

McPherson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 274 originations, totaling $44,560,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - McPherson (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 $145,900 (-2.7%) $180,939 (4.1%) 0.00 144
2018-02-01 $148,400 (-5.5%) $180,602 (0.9%) 0.00 149
2018-03-01 $149,900 (-4.4%) $179,891 (2.7%) 0.00 150
2018-04-01 $159,400 (-0.3%) $191,479 (7.4%) 0.00 144
2018-05-01 $168,000 (3.5%) $196,277 (5.8%) 0.00 153
2018-06-01 $169,500 (1.0%) $196,927 (2.7%) 0.00 162
2018-07-01 $171,000 (2.4%) $197,164 (2.1%) 0.00 177
2018-08-01 $166,250 (0.8%) $191,745 (1.2%) 0.00 183
2018-09-01 $159,900 (4.6%) $186,293 (2.1%) 0.00 191
2018-10-01 $155,450 (3.3%) $181,378 (1.1%) 0.00 178
2018-11-01 $159,900 (6.7%) $185,553 (1.7%) 0.00 171
2018-12-01 $160,000 (12.7%) $189,973 (8.5%) 0.00 158
2019-01-01 $159,900 (9.6%) $190,928 (5.5%) 0.00 163
2019-02-01 $159,500 (7.5%) $192,516 (6.6%) 0.00 167
2019-03-01 $159,386 (6.3%) $189,951 (5.6%) 0.00 160
2019-04-01 $159,836 (0.3%) $189,972 (-0.8%) 0.00 148
2019-05-01 $169,850 (1.1%) $197,419 (0.6%) 0.00 156
2019-06-01 $168,900 (-0.4%) $188,839 (-4.1%) 0.00 155
2019-07-01 $177,400 (3.7%) $194,441 (-1.4%) 0.00 162
2019-08-01 $171,329 (3.1%) $199,236 (3.9%) 0.00 156
2019-09-01 $165,829 (3.7%) $192,973 (3.6%) 0.00 150
2019-10-01 $172,400 (10.9%) $204,242 (12.6%) 0.00 136
2019-11-01 $179,900 (12.5%) $211,410 (13.9%) 0.00 122
2019-12-01 $177,400 (10.9%) $210,350 (10.7%) 0.00 127
2020-01-01 $168,400 (5.3%) $193,368 (1.3%) 0.00 125
2020-02-01 $175,000 (9.7%) $195,529 (1.6%) 0.00 114
2020-03-01 $157,450 (-1.2%) $184,203 (-3.0%) 0.00 113
2020-04-01 $159,900 (0.0%) $188,064 (-1.0%) 0.00 111
2020-05-01 $159,900 (-5.9%) $191,280 (-3.1%) 0.00 113
2020-06-01 $165,400 (-2.1%) $205,852 (9.0%) 0.00 101
2020-07-01 $179,450 (1.2%) $212,810 (9.5%) 0.00 96
2020-08-01 $179,900 (5.0%) $210,600 (5.7%) 0.00 89
2020-09-01 $189,900 (14.5%) $221,197 (14.6%) 0.00 81
2020-10-01 $192,000 (11.4%) $227,477 (11.4%) 0.00 73
2020-11-01 $187,400 (4.2%) $224,575 (6.2%) 0.00 71
2020-12-01 $189,900 (7.1%) $231,696 (10.2%) 0.00 66
2021-01-01 $199,000 (18.2%) $239,635 (23.9%) 0.00 60
2021-02-01 $199,450 (14.0%) $237,374 (21.4%) 0.00 51
2021-03-01 $198,500 (26.1%) $225,243 (22.3%) 0.00 47
2021-04-01 $205,500 (28.5%) $244,871 (30.2%) 0.00 37
2021-05-01 $175,000 (9.4%) $216,604 (13.2%) 0.00 42
2021-06-01 $174,950 (5.8%) $219,865 (6.8%) 0.00 48
2021-07-01 $179,900 (0.3%) $219,190 (3.0%) 0.00 52
2021-08-01 $161,100 (-10.5%) $188,698 (-10.4%) 0.00 48
2021-09-01 $147,450 (-22.4%) $178,145 (-19.5%) 0.00 40
2021-10-01 $149,900 (-21.9%) $200,427 (-11.9%) 0.00 43
2021-11-01 $154,750 (-17.4%) $212,553 (-5.4%) 0.00 39
2021-12-01 $164,250 (-13.5%) $210,268 (-9.3%) 0.00 35
2022-01-01 $179,900 (-9.6%) $213,815 (-10.8%) 0.00 32
2022-02-01 $224,900 (12.8%) $255,510 (7.6%) 0.00 33
2022-03-01 $224,900 (13.3%) $253,519 (12.6%) 0.00 30
2022-04-01 $199,000 (-3.2%) $266,221 (8.7%) 0.00 27
2022-05-01 $234,500 (34.0%) $258,707 (19.4%) 0.00 38
2022-06-01 $187,750 (7.3%) $229,191 (4.2%) 0.00 30
McPherson's median listing price for 2022-06-01 was $187,750, a difference of $12,800 (7.3%) versus the prior year and $-46,750 versus the prior month.

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

McPherson's average listing price for 2022-06-01 was $229,191, a difference of $9,326 (4.2%) versus the prior year and $-29,516 versus the prior month.

For the 2022-06-01 period, McPherson had 30 MLS listings, a difference of -8 listings (-21%) versus the prior month and -18 listings (-38%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - McPherson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,850 sqft
2018-02-01 0 days 1,937 sqft
2018-03-01 0 days 1,950 sqft
2018-04-01 0 days 1,995 sqft
2018-05-01 0 days 2,067 sqft
2018-06-01 0 days 2,018 sqft
2018-07-01 0 days 2,042 sqft
2018-08-01 0 days 2,016 sqft
2018-09-01 0 days 2,070 sqft
2018-10-01 0 days 2,017 sqft
2018-11-01 0 days 2,072 sqft
2018-12-01 0 days 2,204 sqft
2019-01-01 0 days 2,191 sqft
2019-02-01 0 days 2,040 sqft
2019-03-01 0 days 1,973 sqft
2019-04-01 0 days 1,949 sqft
2019-05-01 0 days 1,980 sqft
2019-06-01 0 days 1,846 sqft
2019-07-01 0 days 1,906 sqft
2019-08-01 0 days 1,881 sqft
2019-09-01 0 days 1,818 sqft
2019-10-01 0 days 1,986 sqft
2019-11-01 0 days 2,235 sqft
2019-12-01 0 days 2,186 sqft
2020-01-01 0 days 2,041 sqft
2020-02-01 0 days 2,200 sqft
2020-03-01 0 days 2,087 sqft
2020-04-01 0 days 2,046 sqft
2020-05-01 0 days 1,950 sqft
2020-06-01 0 days 1,986 sqft
2020-07-01 0 days 2,186 sqft
2020-08-01 0 days 2,201 sqft
2020-09-01 0 days 2,288 sqft
2020-10-01 0 days 2,338 sqft
2020-11-01 0 days 2,244 sqft
2020-12-01 0 days 2,303 sqft
2021-01-01 0 days 2,392 sqft
2021-02-01 0 days 2,331 sqft
2021-03-01 0 days 2,263 sqft
2021-04-01 0 days 2,487 sqft
2021-05-01 0 days 1,953 sqft
2021-06-01 0 days 1,948 sqft
2021-07-01 0 days 1,897 sqft
2021-08-01 0 days 1,758 sqft
2021-09-01 0 days 1,792 sqft
2021-10-01 0 days 1,886 sqft
2021-11-01 0 days 1,874 sqft
2021-12-01 0 days 1,838 sqft
2022-01-01 0 days 1,768 sqft
2022-02-01 0 days 1,705 sqft
2022-03-01 0 days 1,792 sqft
2022-04-01 0 days 2,220 sqft
2022-05-01 0 days 2,166 sqft
2022-06-01 0 days 1,941 sqft
McPherson's median listing age (time on market) for 2022-06-01 was 0 days.

McPherson's median square footage for active listings during the 2022-06-01 period was 1,941 sqft. One year prior, the average listing was 1,948 sqft.