Menomonie Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Menomonie averaged
6.91%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.64% and
one month ago for the week of 2024-10-03, the
average rate was 6.34%.
Menomonie's average rate one year ago was 7.68%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.89%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Menomonie 30 Year Fixed Rate | 2024-11-07 | 6.91% |
| Menomonie 30 Year Fixed Rate Refi | 2024-11-07 | 6.89% |
| Menomonie 15 Year Fixed Rate | 2024-11-07 | 6% |
| Menomonie 15 Year Fixed Rate Refi | 2024-11-07 | 6.4% |
| Menomonie 30 Year FHA | 2024-11-07 | 6.63% |
| Menomonie 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Menomonie 30 Year USDA | 2024-11-07 | 6.68% |
| Menomonie 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Menomonie 30 Year VA | 2024-11-07 | 6.54% |
| Menomonie 30 Year VA Refi | 2024-11-07 | 6.44% |
Menomonie 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 Menomonie, WI 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.).
Menomonie Average Closing Costs & Other Stats
Menomonie, WI's 55 lenders originated 789
loans during 2023. The total origination value was $146,345,000, with an average loan value of
$185,482.
Menomonie's average closing costs are $3,589.
The top Menomonie lender as defined by loan originations is WESTconsin Credit Union, with
60 loans originated. Their average total fees are
$2,915, which is $1,982
higher than the next largest lender,
Royal Credit Union.
The lowest fee Menomonie lenders (with over 10 loans originated) are
Royal Credit Union ($933), WESTconsin Credit Union ($2,915), .
The lowest rate Menomonie lenders (with over 10 loans originated) are
WESTconsin Credit Union (6.61%), Royal Credit Union (6.65%), .
Menomonie, WI 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 |
|---|---|---|---|---|
| Royal Credit Union | $34,100,000 | $26,680,000 | -21.8% | 18.2% |
| WESTconsin Credit Union | $29,830,000 | $25,160,000 | -15.7% | 17.2% |
| Peoples State Bank of Plainview | $12,840,000 | $11,855,000 | -7.7% | 8.1% |
| Northwestern Bank | $2,725,000 | $6,515,000 | 139.1% | 4.5% |
| Dairy State Bank | $7,995,000 | $5,835,000 | -27.0% | 4.0% |
| QUICKEN LOANS, LLC | $7,120,000 | $5,420,000 | -23.9% | 3.7% |
| Associated Bank | $3,820,000 | $3,035,000 | -20.5% | 2.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,940,000 | $2,640,000 | -33.0% | 1.8% |
| Security Financial Bank | $5,175,000 | $2,495,000 | -51.8% | 1.7% |
| Mortgage Research Center, LLC | $3,515,000 | $2,230,000 | -36.6% | 1.5% |
| Bremer Bank | $8,695,000 | $2,225,000 | -74.4% | 1.5% |
| Citizens Community Federal | $2,265,000 | $2,090,000 | -7.7% | 1.4% |
| Security Bank | $1,435,000 | $2,070,000 | 44.3% | 1.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $950,000 | $2,050,000 | 115.8% | 1.4% |
| U.S. Bank | $4,590,000 | $2,025,000 | -55.9% | 1.4% |
| Citizens State Bank of La Crosse | $365,000 | $1,835,000 | 402.7% | 1.3% |
| COMPEER FINANCIAL, FLCA | $1,565,000 | $1,780,000 | 13.7% | 1.2% |
| Frandsen Bank & Trust | $490,000 | $1,655,000 | 237.8% | 1.1% |
| Bell Bank | $8,005,000 | $1,415,000 | -82.3% | 1.0% |
| Home Federal Savings Bank | $1,380,000 | n/a | 0.9% | |
| Nicolet National Bank | $690,000 | $1,330,000 | 92.8% | 0.9% |
| Prosperity Home Mortgage, LLC | $1,915,000 | $1,245,000 | -35.0% | 0.9% |
| MARINE | $2,305,000 | $1,200,000 | -47.9% | 0.8% |
| BROKER SOLUTIONS, INC. | $925,000 | $1,050,000 | 13.5% | 0.7% |
| Ixonia Bank | $420,000 | $1,010,000 | 140.5% | 0.7% |
| BAY EQUITY LLC | $225,000 | $950,000 | 322.2% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $1,010,000 | $930,000 | -7.9% | 0.6% |
| American Mortgage & Equity Consultants, Inc. | $1,090,000 | $900,000 | -17.4% | 0.6% |
| GUARANTEED RATE, INC. | $1,105,000 | $900,000 | -18.6% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,190,000 | $880,000 | -79.0% | 0.6% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $860,000 | n/a | 0.6% | |
| NEWREZ LLC | $215,000 | $835,000 | 288.4% | 0.6% |
| LOANDEPOT.COM, LLC | $1,885,000 | $810,000 | -57.0% | 0.6% |
| GUARANTEED RATE AFFINITY, LLC | $805,000 | n/a | 0.6% | |
| NAVY FEDERAL CREDIT UNION | $805,000 | n/a | 0.6% | |
| PENNYMAC LOAN SERVICES, LLC | $310,000 | $800,000 | 158.1% | 0.5% |
| WNB Financial, N.A. | $1,920,000 | $785,000 | -59.1% | 0.5% |
| BMO Harris Bank | $1,565,000 | $770,000 | -50.8% | 0.5% |
| UNION HOME MORTGAGE CORP. | $465,000 | $750,000 | 61.3% | 0.5% |
| CO-OP Credit Union | $575,000 | $685,000 | 19.1% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $990,000 | $660,000 | -33.3% | 0.5% |
| Alerus Financial | $615,000 | n/a | 0.4% | |
| Summit Credit Union | $560,000 | n/a | 0.4% | |
| FIRST COMMUNITY MORTGAGE, INC. | $395,000 | $545,000 | 38.0% | 0.4% |
| TOWER | $455,000 | n/a | 0.3% | |
| The First National Bank of Bangor | $435,000 | n/a | 0.3% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $420,000 | n/a | 0.3% | |
| Johnson Bank | $265,000 | $420,000 | 58.5% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,795,000 | $420,000 | -76.6% | 0.3% |
| M&T Bank | $165,000 | $415,000 | 151.5% | 0.3% |
| Prevail Bank | $1,090,000 | $405,000 | -62.8% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $780,000 | $380,000 | -51.3% | 0.3% |
| CARDINAL FINANCIAL | $650,000 | $370,000 | -43.1% | 0.3% |
| NBKC BANK | $605,000 | $370,000 | -38.8% | 0.3% |
| Foresight Bank | $365,000 | n/a | 0.2% | |
| SUPERIOR CHOICE | $365,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $1,170,000 | $345,000 | -70.5% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $185,000 | $320,000 | 73.0% | 0.2% |
| Bank of America | $55,000 | $315,000 | 472.7% | 0.2% |
| Waterstone Mortgage Corporation | $310,000 | n/a | 0.2% | |
| PLANET HOME LENDING, LLC | $285,000 | $305,000 | 7.0% | 0.2% |
| University of Wisconsin Credit Union | $520,000 | $300,000 | -42.3% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $290,000 | n/a | 0.2% | |
| PENTAGON FEDERAL CREDIT UNION | $285,000 | n/a | 0.2% | |
| GREENSTATE CREDIT UNION | $270,000 | n/a | 0.2% | |
| USAA Federal Savings Bank | $245,000 | $265,000 | 8.2% | 0.2% |
| COMPASS MORTGAGE, INC. | $255,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $585,000 | $255,000 | -56.4% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $175,000 | $255,000 | 45.7% | 0.2% |
| Plains Commerce Bank | $255,000 | n/a | 0.2% | |
| Bank Five Nine | $245,000 | n/a | 0.2% | |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $385,000 | $240,000 | -37.7% | 0.2% |
| Discover Bank | $235,000 | n/a | 0.2% | |
| Summit Mortgage Corporation | $305,000 | $235,000 | -23.0% | 0.2% |
| AFFINITY PLUS | $25,000 | $230,000 | 820.0% | 0.2% |
| Mid-Continent Funding, Inc. | $225,000 | n/a | 0.2% | |
| WINGS FINANCIAL | $245,000 | $220,000 | -10.2% | 0.2% |
| TJC Mortgage, Inc. | $125,000 | $215,000 | 72.0% | 0.1% |
| FORTE BANK | $205,000 | n/a | 0.1% | |
| Legends Bank | $205,000 | n/a | 0.1% | |
| MidWestOne Bank | $155,000 | $205,000 | 32.3% | 0.1% |
| Commerce Home Mortgage, Inc. | $195,000 | n/a | 0.1% | |
| LAND HOME FINANCIAL SERVICES, INC. | $705,000 | $185,000 | -73.8% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $185,000 | n/a | 0.1% | |
| WISCONSIN MORTGAGE CORPORATION | $185,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $165,000 | $175,000 | 6.1% | 0.1% |
| Landmark Credit Union | $175,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $175,000 | n/a | 0.1% | |
| Citadel Servicing Corporation | $165,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $165,000 | n/a | 0.1% | |
| Figure Lending LLC | $55,000 | $125,000 | 127.3% | 0.1% |
| Partners Bank of Wisconsin | $115,000 | n/a | 0.1% | |
| Wells Fargo Bank | $1,815,000 | $115,000 | -93.7% | 0.1% |
| JPMorgan Chase Bank | $330,000 | $105,000 | -68.2% | 0.1% |
| 21ST MORTGAGE CORPORATION | $160,000 | $100,000 | -37.5% | 0.1% |
| Centier Bank | $75,000 | n/a | 0.1% | |
| National Exchange Bank and Trust | $65,000 | $65,000 | 0.0% | 0.0% |
| NOVATION CREDIT UNION | $155,000 | $65,000 | -58.1% | 0.0% |
| Old National Bank | $55,000 | n/a | 0.0% | |
| USAlliance Federal Credit Union | $55,000 | n/a | 0.0% | |
| Carrington Mortgage Services, LLC | $125,000 | $45,000 | -64.0% | 0.0% |
| Hiawatha National Bank | $280,000 | $45,000 | -83.9% | 0.0% |
| MidAmerica National Bank | $45,000 | n/a | 0.0% | |
| The First National Bank of River Falls | $35,000 | n/a | 0.0% | |
| The Huntington National Bank | $35,000 | n/a | 0.0% | |
| Connexus Credit Union | $135,000 | $25,000 | -81.5% | 0.0% |
| First Bank of Baldwin | $25,000 | n/a | 0.0% |
Menomonie's top lender by overall market share is Royal Credit Union, with 18.2% market share. In second place, with 17.2%, is WESTconsin Credit Union, having originated $25,160,000 in loans. In third place, with 8.1%, is Peoples State Bank of Plainview, having originated $11,855,000 in loans. In fourth place, with 4.5%, is Northwestern Bank, having originated $6,515,000 in loans. In fifth place, with 4.0%, is Dairy State Bank, having originated $5,835,000 in loans.
Menomonie, WI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 406 | $107,710,000 | $265,296 |
| Home Improvement | 140 | $8,550,000 | $61,071 |
| Other | 98 | $6,690,000 | $68,265 |
| Cash Out Refi | 97 | $15,365,000 | $158,402 |
| Refi | 48 | $8,030,000 | $167,292 |
Menomonie's most frequently cited loan purpose was Home Purchase, with 406 originations. The 2nd most popular reason was Home Improvement, with 140 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 200 | $52,360,000 | $261,800 |
| Over 8% | 197 | $12,595,000 | $63,934 |
| 7-8% | 190 | $33,480,000 | $176,211 |
| 5-6% | 68 | $17,480,000 | $257,059 |
| 4-5% | 5 | $1,035,000 | $207,000 |
| 3-4% | 2 | $730,000 | $365,000 |
During 2023, Menomonie's most frequently originated rate bucket was 6-7%, with 200 originations.
Loan Sizing (Menomonie, WI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 305 | $14,915,000 | $48,902 |
| $200k-400k | 221 | $62,585,000 | $283,190 |
| $100k-200k | 205 | $31,045,000 | $151,439 |
| $400k-600k | 44 | $20,690,000 | $470,227 |
| $600k-1000k | 7 | $5,125,000 | $732,143 |
| $Over $1MM | 7 | $11,985,000 | $1,712,143 |
Menomonie's loan sizing saw the bucket of loans from $100,000 or less with 305 originations, totaling $14,915,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 212 | $56,230,000 | $265,236 |
| Under 20% | 158 | $6,990,000 | $44,241 |
| 60-80% | 127 | $33,915,000 | $267,047 |
| 20-40% | 108 | $9,440,000 | $87,407 |
| 40-60% | 47 | $8,255,000 | $175,638 |
| Over 100% | 7 | $2,395,000 | $342,143 |
Menomonie's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 212 originations, totaling $56,230,000 in origination value.