McPherson Mortgage Rates
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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.