McPherson Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Mcpherson averaged 6.37% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

    The average rate for the prior week (2023-05-18) was 6.19% and one month ago for the week of 2023-04-20, the average rate was 6.49%.

    Mcpherson's average rate one year ago was 5.05%.

    For refis of the same type during the week of 2023-05-25, the average rate was 6.47%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-05-25 6.57%
    Mcpherson 30 Year Fixed Rate 2023-05-25 6.37%
    Mcpherson 30 Year Fixed Rate Refi 2023-05-25 6.47%
    Mcpherson 15 Year Fixed Rate 2023-05-25 5.87%
    Mcpherson 15 Year Fixed Rate Refi 2023-05-25 6.37%
    Mcpherson 30 Year FHA 2023-05-25 6.41%
    Mcpherson 30 Year FHA Refi 2023-05-25 6.81%
    Mcpherson 30 Year USDA 2023-05-25 6.43%
    Mcpherson 30 Year USDA Refi 2023-05-25 6.83%
    Mcpherson 30 Year VA 2023-05-25 6.31%
    Mcpherson 30 Year VA Refi 2023-05-25 6.61%
    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 lender, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 29 5.10% $3,878
    Gateway First Bank 14 5.18% $3,259
    HEARTLAND CREDIT UNION 8 4.58% $2,512
    QUICKEN LOANS, LLC 6 5.46% $5,722
    Sunflower Bank 5 5.57% $3,230
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 4.13% $5,895
    Wells Fargo Bank 2 5.00% $1,823
    MERITRUST Federal Credit Union 2 4.06% $2,533
    Bankers' Bank 2 6.63% $2,938
    United Fidelity Funding Corp. 2 5.56% $3,558
    Community National Bank & Trust 2 6.19% $3,898
    Flagstar Bank, FSB 1 5.13% $5,005
    AMERISAVE MORTGAGE CORPORATION 1 4.00% $4,877
    Mr. Cooper ( Nationstar Mortgage ) 1 3.50% $4,893
    NAVY FEDERAL CREDIT UNION 1 9.00% $2,465
    NBH Bank 1 3.88% $3,260
    NEWREZ LLC 1 6.99% $5,684
    Northpointe Bank 1 4.38% $2,215
    PENNYMAC LOAN SERVICES, LLC 1 2.87% $3,792
    PREMIA MORTGAGE, LLC 1 6.75% $1,145
    UNION HOME MORTGAGE CORP. 1 5.50% $3,966
    USAA Federal Savings Bank 1 4.00% $2,129
    U.S. Bank 1 5.38% $2,803
    JPMorgan Chase Bank 1 5.88% $3,237
    Azura Credit Union 1 5.25% $0
    Bank of the West 1 5.63% $8,238
    BETTER MORTGAGE CORPORATION 1 4.75% $7,603
    BROKER SOLUTIONS, INC. 1 3.63% $4,327
    Capitol Federal Savings Bank 1 5.00% $2,226
    Commerce Bank 1 3.75% $2,809
    CREDIT UNION OF AMERICA 1 6.38% $2,361
    Emprise Bank 1 6.38% $2,508
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.25% $935
    Farm Credit Mid-America, ACA 1 4.80% $7,977

    McPherson Average Closing Costs & Other Stats

    McPherson, KS's 34 lenders originated 347 loans during 2022. The total origination value was $56,425,000, with an average loan value of $162,608.

    McPherson's average closing costs are $3,979.

    The top McPherson lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 29 loans originated. Their average total fees are $3,878, which is $619 higher than the next largest lender, Gateway First Bank.

    The lowest fee McPherson lenders (with over 10 loans originated) are Gateway First Bank ($3,259), FLAT BRANCH MORTGAGE, INC. ($3,878), .

    The lowest rate McPherson lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (5.10%), Gateway First Bank (5.18%), .

    McPherson, KS 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
    FLAT BRANCH MORTGAGE, INC. $7,700,000 $11,740,000 52.5% 20.8%
    Gateway First Bank $12,005,000 $8,050,000 -32.9% 14.3%
    The Citizens State Bank $15,170,000 $7,340,000 -51.6% 13.0%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $4,380,000 $3,450,000 -21.2% 6.1%
    QUICKEN LOANS, LLC $7,260,000 $2,735,000 -62.3% 4.8%
    Emprise Bank $1,155,000 $1,975,000 71.0% 3.5%
    The Bennington State Bank $1,165,000 $1,620,000 39.1% 2.9%
    HEARTLAND CREDIT UNION $2,415,000 $1,455,000 -39.8% 2.6%
    Mortgage Research Center, LLC $2,195,000 $700,000 -68.1% 1.2%
    The Union State Bank $300,000 $685,000 128.3% 1.2%
    Mr. Cooper ( Nationstar Mortgage ) $1,185,000 $665,000 -43.9% 1.2%
    Sunflower Bank $1,955,000 $665,000 -66.0% 1.2%
    HOME POINT FINANCIAL CORPORATION $530,000 $635,000 19.8% 1.1%
    PENNYMAC LOAN SERVICES, LLC $1,795,000 $625,000 -65.2% 1.1%
    Wells Fargo Bank $750,000 $595,000 -20.7% 1.1%
    Farm Credit Mid-America, ACA $555,000 n/a 1.0%
    Community National Bank & Trust $65,000 $545,000 738.5% 1.0%
    FREEDOM MORTGAGE CORPORATION $4,760,000 $510,000 -89.3% 0.9%
    Plains Commerce Bank $75,000 $500,000 566.7% 0.9%
    Bank of the West $450,000 n/a 0.8%
    Bankers' Bank $65,000 $440,000 576.9% 0.8%
    Mortgage Investment Services Corporation $665,000 $440,000 -33.8% 0.8%
    RELIANCE FIRST CAPITAL, LLC $175,000 $440,000 151.4% 0.8%
    UNION HOME MORTGAGE CORP. $440,000 n/a 0.8%
    MERITRUST Federal Credit Union $205,000 $435,000 112.2% 0.8%
    AMERICAN FINANCING CORPORATION $350,000 $420,000 20.0% 0.7%
    Encompass Lending Group, LP $365,000 n/a 0.6%
    U.S. Bank $415,000 $345,000 -16.9% 0.6%
    Commerce Bank $340,000 n/a 0.6%
    United Fidelity Funding Corp. $320,000 $330,000 3.1% 0.6%
    CREDIT UNION OF AMERICA $280,000 $310,000 10.7% 0.5%
    PREMIA MORTGAGE, LLC $305,000 n/a 0.5%
    Capitol Federal Savings Bank $720,000 $290,000 -59.7% 0.5%
    COMMUNITYAMERICA $155,000 $275,000 77.4% 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $535,000 $270,000 -49.5% 0.5%
    NEW DAY FINANCIAL, LLC $455,000 $270,000 -40.7% 0.5%
    First Guaranty Mortgage Corporation $375,000 $265,000 -29.3% 0.5%
    Flagstar Bank, FSB $250,000 $265,000 6.0% 0.5%
    QUANTUM CREDIT UNION $250,000 n/a 0.4%
    PLANET HOME LENDING, LLC $245,000 n/a 0.4%
    GOLDEN PLAINS $190,000 $235,000 23.7% 0.4%
    UNITED WHOLESALE MORTGAGE, LLC $235,000 $225,000 -4.3% 0.4%
    BETTER MORTGAGE CORPORATION $205,000 n/a 0.4%
    LOANDEPOT.COM, LLC $1,010,000 $205,000 -79.7% 0.4%
    DAS Acquisition Company, LLC $195,000 n/a 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $125,000 $195,000 56.0% 0.3%
    Exchange Bank $185,000 n/a 0.3%
    DELMAR FINANCIAL COMPANY $175,000 n/a 0.3%
    A&D Mortgage LLC $155,000 n/a 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $155,000 n/a 0.3%
    NBH Bank $150,000 n/a 0.3%
    OPEN MORTGAGE, LLC $585,000 $145,000 -75.2% 0.3%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $135,000 n/a 0.2%
    NAVY FEDERAL CREDIT UNION $640,000 $130,000 -79.7% 0.2%
    BROKER SOLUTIONS, INC. $540,000 $115,000 -78.7% 0.2%
    JPMorgan Chase Bank $730,000 $115,000 -84.2% 0.2%
    NEWREZ LLC $910,000 $115,000 -87.4% 0.2%
    Azura Credit Union $105,000 n/a 0.2%
    AMERISAVE MORTGAGE CORPORATION $280,000 $95,000 -66.1% 0.2%
    Carrington Mortgage Services, LLC $260,000 $95,000 -63.5% 0.2%
    Central National Bank $510,000 $95,000 -81.4% 0.2%
    MID AMERICA MORTGAGE, INC. $95,000 n/a 0.2%
    Northpointe Bank $95,000 n/a 0.2%
    Wichita Federal Credit Union $85,000 n/a 0.2%
    Simmons Bank $825,000 $75,000 -90.9% 0.1%
    SPRING EQ, LLC $75,000 n/a 0.1%
    THRIVENT Federal Credit Union $75,000 n/a 0.1%
    USAA Federal Savings Bank $460,000 $65,000 -85.9% 0.1%
    Discover Bank $85,000 $55,000 -35.3% 0.1%
    Sierra Pacific Mortgage Company, Inc. $285,000 $55,000 -80.7% 0.1%
    AMERICAN ADVISORS GROUP $105,000 $50,000 -52.4% 0.1%
    Fidelity Bank $340,000 $45,000 -86.8% 0.1%
    Envista Credit Union $15,000 $15,000 0.0% 0.0%
    Home Loan Investment Bank, F.S.B. $15,000 n/a 0.0%

    McPherson's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 20.8% market share. In second place, with 14.3%, is Gateway First Bank, having originated $8,050,000 in loans. In third place, with 13.0%, is The Citizens State Bank, having originated $7,340,000 in loans. In fourth place, with 6.1%, is PRIMARY RESIDENTIAL MORTGAGE, INC., having originated $3,450,000 in loans. In fifth place, with 4.8%, is QUICKEN LOANS, LLC, having originated $2,735,000 in loans.

    McPherson Housing Market Trends (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 $148,950 (-0.7%) $183,503 (6.0%) 0.00 127
    2018-02-01 $148,800 (-4.6%) $182,804 (1.9%) 0.00 135
    2018-03-01 $149,900 (-4.5%) $181,451 (3.7%) 0.00 139
    2018-04-01 $159,175 (-0.5%) $192,327 (9.2%) 0.00 134
    2018-05-01 $166,225 (2.8%) $194,545 (6.4%) 0.00 140
    2018-06-01 $159,900 (-4.5%) $194,724 (1.9%) 0.00 144
    2018-07-01 $164,875 (-1.3%) $194,171 (0.5%) 0.00 147
    2018-08-01 $161,100 (-2.3%) $191,207 (0.9%) 0.00 152
    2018-09-01 $159,900 (4.6%) $187,479 (2.3%) 0.00 159
    2018-10-01 $156,700 (2.6%) $183,892 (1.6%) 0.00 146
    2018-11-01 $157,800 (6.1%) $187,222 (2.3%) 0.00 143
    2018-12-01 $159,900 (12.3%) $192,702 (8.5%) 0.00 132
    2019-01-01 $159,900 (7.4%) $195,709 (6.7%) 0.00 135
    2019-02-01 $159,000 (6.9%) $199,316 (9.0%) 0.00 135
    2019-03-01 $159,900 (5.8%) $202,315 (11.5%) 0.00 119
    2019-04-01 $158,900 (-0.8%) $195,396 (1.6%) 0.00 122
    2019-05-01 $165,663 (-0.3%) $202,745 (4.2%) 0.00 131
    2019-06-01 $165,600 (3.6%) $192,222 (-1.3%) 0.00 134
    2019-07-01 $180,675 (9.6%) $200,590 (3.3%) 0.00 139
    2019-08-01 $174,000 (13.3%) $201,536 (5.4%) 0.00 137
    2019-09-01 $169,900 (12.0%) $202,404 (8.0%) 0.00 124
    2019-10-01 $173,175 (12.9%) $210,533 (14.5%) 0.00 115
    2019-11-01 $179,900 (14.0%) $214,850 (14.8%) 0.00 103
    2019-12-01 $173,650 (8.6%) $212,718 (10.4%) 0.00 106
    2020-01-01 $169,900 (6.3%) $199,465 (1.9%) 0.00 108
    2020-02-01 $177,450 (11.6%) $202,583 (1.6%) 0.00 100
    2020-03-01 $156,500 (-1.3%) $190,056 (-6.1%) 0.00 101
    2020-04-01 $159,900 (1.2%) $191,740 (-1.9%) 0.00 102
    2020-05-01 $164,900 (-0.5%) $200,412 (-1.2%) 0.00 103
    2020-06-01 $165,150 (-0.3%) $206,234 (7.3%) 0.00 93
    2020-07-01 $182,125 (0.8%) $214,534 (7.0%) 0.00 87
    2020-08-01 $176,000 (-3.6%) $211,351 (4.9%) 0.00 80
    2020-09-01 $189,900 (6.0%) $221,465 (9.4%) 0.00 70
    2020-10-01 $187,450 (6.0%) $225,483 (7.1%) 0.00 65
    2020-11-01 $183,675 (2.1%) $222,671 (3.6%) 0.00 64
    2020-12-01 $194,500 (12.0%) $234,805 (10.4%) 0.00 58
    2021-01-01 $219,900 (29.4%) $249,753 (25.2%) 0.00 52
    2021-02-01 $206,925 (16.6%) $247,157 (22.0%) 0.00 46
    2021-03-01 $192,250 (22.8%) $228,243 (20.1%) 0.00 42
    2021-04-01 $213,950 (33.8%) $251,503 (31.2%) 0.00 32
    2021-05-01 $172,400 (4.6%) $223,475 (11.5%) 0.00 37
    2021-06-01 $173,675 (5.2%) $224,008 (8.6%) 0.00 39
    2021-07-01 $156,400 (-14.1%) $205,282 (-4.3%) 0.00 45
    2021-08-01 $151,950 (-13.7%) $176,127 (-16.7%) 0.00 42
    2021-09-01 $146,150 (-23.0%) $173,516 (-21.7%) 0.00 37
    2021-10-01 $142,000 (-24.3%) $185,489 (-17.7%) 0.00 38
    2021-11-01 $144,475 (-21.3%) $189,542 (-14.9%) 0.00 33
    2021-12-01 $147,450 (-24.2%) $190,084 (-19.1%) 0.00 29
    2022-01-01 $163,000 (-25.9%) $200,129 (-19.9%) 0.00 26
    2022-02-01 $201,950 (-2.4%) $217,874 (-11.9%) 0.00 26
    2022-03-01 $224,900 (17.0%) $225,617 (-1.2%) 0.00 25
    2022-04-01 $189,000 (-11.7%) $226,877 (-9.8%) 0.00 20
    2022-05-01 $230,475 (33.7%) $232,636 (4.1%) 0.00 28
    2022-06-01 $172,450 (-0.7%) $209,811 (-6.3%) 0.00 24
    2022-07-01 $209,900 (34.2%) $209,935 (2.3%) 0.00 30
    2022-08-01 $191,875 (26.3%) $216,588 (23.0%) 0.00 35
    2022-09-01 $195,000 (33.4%) $213,348 (23.0%) 0.00 41
    2022-10-01 $207,000 (45.8%) $240,884 (29.9%) 0.00 47
    2022-11-01 $200,350 (38.7%) $264,000 (39.3%) 0.00 45
    2022-12-01 $201,300 (36.5%) $272,078 (43.1%) 0.00 43
    2023-01-01 $199,950 (22.7%) $252,781 (26.3%) 0.00 38
    2023-02-01 $205,950 (2.0%) $248,239 (13.9%) 0.00 33
    2023-03-01 $202,225 (-10.1%) $235,767 (4.5%) 0.00 33
    2023-04-01 $201,300 (0.0%) $248,479 (9.5%) 0.00 33
    McPherson's median listing price for 2023-04-01 was $201,300, a difference of $12,300 (0.0%) versus the prior year and $-925 versus the prior month.

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

    McPherson's average listing price for 2023-04-01 was $248,479, a difference of $21,602 (9.5%) versus the prior year and $12,712 versus the prior month.

    For the 2023-04-01 period, McPherson had 33 MLS listings, a difference of 0 listings (0%) versus the prior month and 13 listings (65%) 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 1,898 sqft
    2018-02-01 0 days 1,957 sqft
    2018-03-01 0 days 1,975 sqft
    2018-04-01 0 days 2,031 sqft
    2018-05-01 0 days 2,064 sqft
    2018-06-01 0 days 2,034 sqft
    2018-07-01 0 days 2,057 sqft
    2018-08-01 0 days 2,024 sqft
    2018-09-01 0 days 2,070 sqft
    2018-10-01 0 days 2,030 sqft
    2018-11-01 0 days 2,077 sqft
    2018-12-01 0 days 2,116 sqft
    2019-01-01 0 days 2,204 sqft
    2019-02-01 0 days 2,034 sqft
    2019-03-01 0 days 1,988 sqft
    2019-04-01 0 days 1,947 sqft
    2019-05-01 0 days 1,954 sqft
    2019-06-01 0 days 1,890 sqft
    2019-07-01 0 days 1,931 sqft
    2019-08-01 0 days 1,920 sqft
    2019-09-01 0 days 1,924 sqft
    2019-10-01 0 days 1,985 sqft
    2019-11-01 0 days 2,235 sqft
    2019-12-01 0 days 2,176 sqft
    2020-01-01 0 days 2,022 sqft
    2020-02-01 0 days 2,142 sqft
    2020-03-01 0 days 2,077 sqft
    2020-04-01 0 days 2,048 sqft
    2020-05-01 0 days 1,953 sqft
    2020-06-01 0 days 2,009 sqft
    2020-07-01 0 days 2,174 sqft
    2020-08-01 0 days 2,132 sqft
    2020-09-01 0 days 2,221 sqft
    2020-10-01 0 days 2,250 sqft
    2020-11-01 0 days 2,164 sqft
    2020-12-01 0 days 2,293 sqft
    2021-01-01 0 days 2,392 sqft
    2021-02-01 0 days 2,349 sqft
    2021-03-01 0 days 2,217 sqft
    2021-04-01 0 days 2,429 sqft
    2021-05-01 0 days 1,984 sqft
    2021-06-01 0 days 1,935 sqft
    2021-07-01 0 days 1,800 sqft
    2021-08-01 0 days 1,656 sqft
    2021-09-01 0 days 1,578 sqft
    2021-10-01 0 days 1,774 sqft
    2021-11-01 0 days 1,756 sqft
    2021-12-01 0 days 1,635 sqft
    2022-01-01 0 days 1,520 sqft
    2022-02-01 0 days 1,520 sqft
    2022-03-01 0 days 1,587 sqft
    2022-04-01 0 days 2,092 sqft
    2022-05-01 0 days 2,258 sqft
    2022-06-01 0 days 1,958 sqft
    2022-07-01 0 days 2,180 sqft
    2022-08-01 0 days 2,198 sqft
    2022-09-01 0 days 2,094 sqft
    2022-10-01 0 days 2,191 sqft
    2022-11-01 0 days 2,147 sqft
    2022-12-01 0 days 2,004 sqft
    2023-01-01 0 days 2,018 sqft
    2023-02-01 0 days 1,899 sqft
    2023-03-01 0 days 1,670 sqft
    2023-04-01 0 days 1,656 sqft
    McPherson's median listing age (time on market) for 2023-04-01 was 0 days.

    McPherson's median square footage for active listings during the 2023-04-01 period was 1,656 sqft. One year prior, the average listing was 2,092 sqft.

    McPherson, KS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 239 $43,805,000 $183,285
    Cash Out Refi 51 $7,565,000 $148,333
    Refi 29 $3,795,000 $130,862
    Home Improvement 21 $845,000 $40,238
    Other 7 $415,000 $59,286

    Mcpherson's most frequently cited loan purpose was Home Purchase, with 239 originations. The 2nd most popular reason was Cash Out Refi, with 51 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 89 $14,435,000 $162,191
    3-4% 61 $10,135,000 $166,148
    4-5% 57 $9,515,000 $166,930
    6-7% 46 $6,980,000 $151,739
    7-8% 15 $1,925,000 $128,333
    2.5-3% 13 $1,835,000 $141,154
    <2.5% 5 $1,485,000 $297,000
    Over 8% 4 $220,000 $55,000

    During 2022, Mcpherson's most frequently originated rate bucket was 5-6%, with 89 originations.

    Loan Sizing (McPherson, KS MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 156 $22,610,000 $144,936
    $100,000 or less 92 $5,570,000 $60,543
    $200k-400k 89 $23,155,000 $260,169
    $400k-600k 8 $3,860,000 $482,500
    $600k-1000k 2 $1,230,000 $615,000

    McPherson's loan sizing saw the bucket of loans from $100k-200k with 156 originations, totaling $22,610,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 181 $32,295,000 $178,425
    60-80% 47 $8,075,000 $171,809
    Under 20% 21 $565,000 $26,905
    40-60% 18 $2,850,000 $158,333
    20-40% 15 $1,315,000 $87,667
    Over 100% 7 $1,415,000 $202,143

    McPherson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 181 originations, totaling $32,295,000 in origination value.