Meridian Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Meridian averaged
6.2%
for the week of 2024-10-03, compared to the national average of
6.12% for the same period.
The average rate for the prior week (2024-09-26) was
6.06% and
one month ago for the week of 2024-08-29, the
average rate was 6.73%.
Meridian's average rate one year ago was 7.39%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.02%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Meridian 30 Year Fixed Rate | 2024-10-03 | 6.2% |
Meridian 30 Year Fixed Rate Refi | 2024-10-03 | 6.02% |
Meridian 15 Year Fixed Rate | 2024-10-03 | 5.45% |
Meridian 15 Year Fixed Rate Refi | 2024-10-03 | 5.35% |
Meridian 30 Year FHA | 2024-10-03 | 5.5% |
Meridian 30 Year FHA Refi | 2024-10-03 | 5.99% |
Meridian 30 Year USDA | 2024-10-03 | 5.97% |
Meridian 30 Year USDA Refi | 2024-10-03 | 5.87% |
Meridian 30 Year VA | 2024-10-03 | 5.42% |
Meridian 30 Year VA Refi | 2024-10-03 | 5.6% |
Meridian 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 Meridian, MS 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.).
Meridian Average Closing Costs & Other Stats
Meridian, MS's 42 lenders originated 1,054
loans during 2023. The total origination value was $147,260,000, with an average loan value of
$139,715.
Meridian's average closing costs are $5,033.
The top Meridian lender as defined by loan originations is The Citizens National Bank of Meridian, with
40 loans originated. Their average total fees are
$2,807, which is $1,764
lower than the next largest lender,
Trustmark National Bank.
The lowest fee Meridian lenders (with over 10 loans originated) are
The Citizens National Bank of Meridian ($2,807), Trustmark National Bank ($4,571), QUICKEN LOANS, LLC ($6,520), .
The lowest rate Meridian lenders (with over 10 loans originated) are
Trustmark National Bank (6.56%), QUICKEN LOANS, LLC (6.84%), The Citizens National Bank of Meridian (7.05%), .
Meridian, MS 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 |
---|---|---|---|---|
Trustmark National Bank | $37,365,000 | $25,275,000 | -32.4% | 17.2% |
The Citizens National Bank of Meridian | $20,165,000 | $18,130,000 | -10.1% | 12.3% |
Community Bank of Mississippi | $17,205,000 | $17,510,000 | 1.8% | 11.9% |
Mortgage Research Center, LLC | $11,945,000 | $6,725,000 | -43.7% | 4.6% |
QUICKEN LOANS, LLC | $10,680,000 | $6,385,000 | -40.2% | 4.3% |
Great Southern Bank | $9,920,000 | $6,010,000 | -39.4% | 4.1% |
BankPlus | $9,770,000 | $5,905,000 | -39.6% | 4.0% |
NAVY FEDERAL CREDIT UNION | $3,870,000 | $5,855,000 | 51.3% | 4.0% |
Regions Bank | $7,390,000 | $5,260,000 | -28.8% | 3.6% |
Renasant Bank | $6,895,000 | $4,005,000 | -41.9% | 2.7% |
21ST MORTGAGE CORPORATION | $2,800,000 | $3,975,000 | 42.0% | 2.7% |
TRIAD FINANCIAL SERVICES, INC. | $2,230,000 | $2,205,000 | -1.1% | 1.5% |
MORTGAGE INVESTORS GROUP, INC. | $5,290,000 | $2,110,000 | -60.1% | 1.4% |
KEESLER | $275,000 | $2,005,000 | 629.1% | 1.4% |
CROSSCOUNTRY MORTGAGE, LLC | $365,000 | $1,710,000 | 368.5% | 1.2% |
SOUTHWEST STAGE FUNDING, LLC | $775,000 | $1,325,000 | 71.0% | 0.9% |
CIS Financial Services, Inc. | $105,000 | $1,245,000 | 1,085.7% | 0.8% |
Mr. Cooper ( Nationstar Mortgage ) | $1,360,000 | $1,160,000 | -14.7% | 0.8% |
BankFirst Financial Services | $1,975,000 | $1,090,000 | -44.8% | 0.7% |
The Citizens Bank of Philadelphia, Mississippi | $1,950,000 | $1,055,000 | -45.9% | 0.7% |
FIRST COMMUNITY MORTGAGE, INC. | $2,805,000 | $1,025,000 | -63.5% | 0.7% |
Barrington Bank & Trust Company, N.A. | $1,905,000 | $995,000 | -47.8% | 0.7% |
TOWNE MORTGAGE COMPANY | $2,010,000 | $985,000 | -51.0% | 0.7% |
GUILD MORTGAGE COMPANY | $955,000 | n/a | 0.6% | |
NBKC BANK | $950,000 | n/a | 0.6% | |
AMERISAVE MORTGAGE CORPORATION | $1,585,000 | $855,000 | -46.1% | 0.6% |
USAA Federal Savings Bank | $2,395,000 | $840,000 | -64.9% | 0.6% |
FREEDOM MORTGAGE CORPORATION | $860,000 | $835,000 | -2.9% | 0.6% |
NEW DAY FINANCIAL, LLC | $1,890,000 | $805,000 | -57.4% | 0.5% |
LOANDEPOT.COM, LLC | $1,725,000 | $785,000 | -54.5% | 0.5% |
Bank of England | $765,000 | n/a | 0.5% | |
ROYAL UNITED MORTGAGE LLC | $65,000 | $765,000 | 1,076.9% | 0.5% |
CORNERSTONE HOME LENDING, INC. | $750,000 | n/a | 0.5% | |
Stifel Bank and Trust | $525,000 | $745,000 | 41.9% | 0.5% |
UNITED WHOLESALE MORTGAGE, LLC | $730,000 | $700,000 | -4.1% | 0.5% |
BancorpSouth | $1,510,000 | $675,000 | -55.3% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $1,845,000 | $585,000 | -68.3% | 0.4% |
BROKER SOLUTIONS, INC. | $585,000 | $530,000 | -9.4% | 0.4% |
JPMorgan Chase Bank | $960,000 | $525,000 | -45.3% | 0.4% |
The Federal Savings Bank | $415,000 | $515,000 | 24.1% | 0.3% |
CSL Financial, LLC | $1,150,000 | $500,000 | -56.5% | 0.3% |
PENTAGON FEDERAL CREDIT UNION | $235,000 | $500,000 | 112.8% | 0.3% |
ZILLOW HOME LOANS, LLC | $480,000 | n/a | 0.3% | |
Wells Fargo Bank | $2,660,000 | $460,000 | -82.7% | 0.3% |
Merchants & Marine Bank | $400,000 | $420,000 | 5.0% | 0.3% |
NEWREZ LLC | $845,000 | $400,000 | -52.7% | 0.3% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $150,000 | $400,000 | 166.7% | 0.3% |
Bank of America | $115,000 | $370,000 | 221.7% | 0.3% |
STOCKTON MORTGAGE CORPORATION | $370,000 | $345,000 | -6.8% | 0.2% |
AMERICAN FINANCIAL RESOURCES, INC. | $340,000 | n/a | 0.2% | |
MORTGAGE ACCESS CORP. | $305,000 | $335,000 | 9.8% | 0.2% |
FirstBank | $865,000 | $320,000 | -63.0% | 0.2% |
Mid-Continent Funding, Inc. | $320,000 | n/a | 0.2% | |
SUN WEST MORTGAGE COMPANY, INC. | $310,000 | n/a | 0.2% | |
SUPERIOR CHOICE | $310,000 | n/a | 0.2% | |
The Huntington National Bank | $305,000 | n/a | 0.2% | |
Princeton Mortgage Corporation | $285,000 | n/a | 0.2% | |
OPEN MORTGAGE, LLC | $620,000 | $275,000 | -55.6% | 0.2% |
FIRST COLONY MORTGAGE CORPORATION | $265,000 | n/a | 0.2% | |
GUARANTY HOME MORTGAGE CORPORATION | $1,305,000 | $265,000 | -79.7% | 0.2% |
Evolve Bank & Trust | $245,000 | n/a | 0.2% | |
United Community Bank | $690,000 | $245,000 | -64.5% | 0.2% |
HOMEXPRESS MORTGAGE CORP. | $240,000 | n/a | 0.2% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $320,000 | $235,000 | -26.6% | 0.2% |
CARDINAL FINANCIAL | $115,000 | $230,000 | 100.0% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $530,000 | $220,000 | -58.5% | 0.1% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $400,000 | $215,000 | -46.3% | 0.1% |
CHEVRON | $205,000 | n/a | 0.1% | |
Discover Bank | $190,000 | $190,000 | 0.0% | 0.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $265,000 | $175,000 | -34.0% | 0.1% |
GUARANTEED RATE, INC. | $285,000 | $175,000 | -38.6% | 0.1% |
RIVERTRUST Federal Credit Union | $215,000 | $175,000 | -18.6% | 0.1% |
Coastal Community Bank | $160,000 | n/a | 0.1% | |
Deere Employees Credit Union | $135,000 | n/a | 0.1% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $135,000 | n/a | 0.1% | |
Citizens Bank | $145,000 | $125,000 | -13.8% | 0.1% |
MUTUAL OF OMAHA MORTGAGE, INC. | $310,000 | $125,000 | -59.7% | 0.1% |
ACOPIA, LLC | $115,000 | n/a | 0.1% | |
FINANCE OF AMERICA REVERSE LLC | $115,000 | n/a | 0.1% | |
HOMESIDE FINANCIAL, LLC | $550,000 | $115,000 | -79.1% | 0.1% |
HOPE FEDERAL CREDIT UNION | $315,000 | $115,000 | -63.5% | 0.1% |
NETWORK CAPITAL FUNDING CORPORATION | $105,000 | n/a | 0.1% | |
RELIANCE FIRST CAPITAL, LLC | $75,000 | $105,000 | 40.0% | 0.1% |
The First, A National Banking Association | $215,000 | $100,000 | -53.5% | 0.1% |
Brighton Bank | $95,000 | n/a | 0.1% | |
EMBRACE HOME LOANS, INC. | $185,000 | $95,000 | -48.6% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $310,000 | $95,000 | -69.4% | 0.1% |
Merchants & Planters Bank | $95,000 | n/a | 0.1% | |
VELOCITY COMMERCIAL CAPITAL, LLC | $95,000 | n/a | 0.1% | |
COUNTRYPLACE MORTGAGE, LTD. | $435,000 | $85,000 | -80.5% | 0.1% |
Flagstar Bank, FSB | $455,000 | $85,000 | -81.3% | 0.1% |
SWBC MORTGAGE CORPORATION | $85,000 | n/a | 0.1% | |
DRAPER AND KRAMER MORTGAGE CORP. | $75,000 | n/a | 0.1% | |
Platinum Home Mortgage Corporation | $75,000 | n/a | 0.1% | |
Great Southern Bank | $9,920,000 | $65,000 | -99.3% | 0.0% |
South State Bank | $125,000 | $65,000 | -48.0% | 0.0% |
CU COMMUNITY, LLC | $55,000 | n/a | 0.0% | |
Fifth Third Bank | $55,000 | n/a | 0.0% | |
Signature Federal Credit Union | $55,000 | n/a | 0.0% | |
The Bank of Forest | $55,000 | n/a | 0.0% | |
POWERCO | $35,000 | n/a | 0.0% | |
SUNBELT Federal Credit Union | $25,000 | n/a | 0.0% |
Meridian's top lender by overall market share is Trustmark National Bank, with 17.2% market share. In second place, with 12.3%, is The Citizens National Bank of Meridian, having originated $18,130,000 in loans. In third place, with 11.9%, is Community Bank of Mississippi, having originated $17,510,000 in loans. In fourth place, with 4.6%, is Mortgage Research Center, LLC, having originated $6,725,000 in loans. In fifth place, with 4.3%, is QUICKEN LOANS, LLC, having originated $6,385,000 in loans.
Meridian Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Meridian (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 | $138,800 (6.8%) | $188,600 (9.2%) | 0.00 | 416 |
2018-02-01 | $133,625 (8.9%) | $184,124 (8.0%) | 0.00 | 411 |
2018-03-01 | $136,500 (7.1%) | $181,762 (4.2%) | 0.00 | 401 |
2018-04-01 | $143,750 (6.5%) | $190,515 (2.2%) | 0.00 | 385 |
2018-05-01 | $147,500 (9.6%) | $195,608 (3.0%) | 0.00 | 383 |
2018-06-01 | $142,000 (3.9%) | $194,521 (1.4%) | 0.00 | 398 |
2018-07-01 | $144,250 (1.9%) | $191,886 (0.2%) | 0.00 | 410 |
2018-08-01 | $153,250 (5.2%) | $190,583 (-1.6%) | 0.00 | 402 |
2018-09-01 | $152,500 (6.3%) | $193,671 (-1.2%) | 0.00 | 402 |
2018-10-01 | $140,625 (-5.8%) | $185,637 (-4.3%) | 0.00 | 410 |
2018-11-01 | $148,500 (0.2%) | $181,137 (-6.4%) | 0.00 | 386 |
2018-12-01 | $147,000 (4.3%) | $176,421 (-7.9%) | 0.00 | 372 |
2019-01-01 | $145,500 (4.8%) | $177,478 (-5.9%) | 0.00 | 360 |
2019-02-01 | $149,000 (11.5%) | $176,743 (-4.0%) | 0.00 | 364 |
2019-03-01 | $146,543 (7.4%) | $177,445 (-2.4%) | 0.00 | 366 |
2019-04-01 | $147,818 (2.8%) | $180,671 (-5.2%) | 0.00 | 360 |
2019-05-01 | $144,725 (-1.9%) | $188,018 (-3.9%) | 0.00 | 350 |
2019-06-01 | $151,800 (6.9%) | $194,988 (0.2%) | 0.00 | 365 |
2019-07-01 | $156,600 (8.6%) | $196,464 (2.4%) | 0.00 | 365 |
2019-08-01 | $153,427 (0.1%) | $193,330 (1.4%) | 0.00 | 352 |
2019-09-01 | $145,818 (-4.4%) | $189,665 (-2.1%) | 0.00 | 336 |
2019-10-01 | $139,450 (-0.8%) | $187,138 (0.8%) | 0.00 | 323 |
2019-11-01 | $139,450 (-6.1%) | $192,199 (6.1%) | 0.00 | 298 |
2019-12-01 | $138,750 (-5.6%) | $191,141 (8.3%) | 0.00 | 291 |
2020-01-01 | $133,500 (-8.3%) | $191,425 (7.9%) | 0.00 | 284 |
2020-02-01 | $129,000 (-13.4%) | $192,462 (8.9%) | 0.00 | 285 |
2020-03-01 | $129,350 (-11.7%) | $185,617 (4.6%) | 0.00 | 288 |
2020-04-01 | $136,850 (-7.4%) | $198,690 (10.0%) | 0.00 | 278 |
2020-05-01 | $129,000 (-10.9%) | $185,505 (-1.3%) | 0.00 | 258 |
2020-06-01 | $127,950 (-15.7%) | $184,083 (-5.6%) | 0.00 | 227 |
2020-07-01 | $127,225 (-18.8%) | $180,939 (-7.9%) | 0.00 | 207 |
2020-08-01 | $134,000 (-12.7%) | $185,880 (-3.9%) | 0.00 | 194 |
2020-09-01 | $139,500 (-4.3%) | $183,212 (-3.4%) | 0.00 | 188 |
2020-10-01 | $150,000 (7.6%) | $195,675 (4.6%) | 0.00 | 190 |
2020-11-01 | $164,700 (18.1%) | $196,614 (2.3%) | 0.00 | 189 |
2020-12-01 | $149,925 (8.1%) | $189,734 (-0.7%) | 0.00 | 191 |
2021-01-01 | $169,700 (27.1%) | $195,079 (1.9%) | 0.00 | 168 |
2021-02-01 | $168,100 (30.3%) | $194,165 (0.9%) | 0.00 | 135 |
2021-03-01 | $164,500 (27.2%) | $186,581 (0.5%) | 0.00 | 119 |
2021-04-01 | $151,000 (10.3%) | $192,000 (-3.4%) | 0.00 | 115 |
2021-05-01 | $150,000 (16.3%) | $198,830 (7.2%) | 0.00 | 110 |
2021-06-01 | $154,450 (20.7%) | $211,725 (15.0%) | 0.00 | 107 |
2021-07-01 | $154,500 (21.4%) | $210,002 (16.1%) | 0.00 | 102 |
2021-08-01 | $159,450 (19.0%) | $204,959 (10.3%) | 0.00 | 114 |
2021-09-01 | $149,800 (7.4%) | $210,938 (15.1%) | 0.00 | 109 |
2021-10-01 | $149,900 (-0.1%) | $207,545 (6.1%) | 0.00 | 117 |
2021-11-01 | $159,500 (-3.2%) | $236,151 (20.1%) | 0.00 | 113 |
2021-12-01 | $147,175 (-1.8%) | $233,163 (22.9%) | 0.00 | 106 |
2022-01-01 | $140,000 (-17.5%) | $235,162 (20.6%) | 0.00 | 95 |
2022-02-01 | $154,700 (-8.0%) | $242,838 (25.1%) | 0.00 | 85 |
2022-03-01 | $165,000 (0.3%) | $254,197 (36.2%) | 0.00 | 85 |
2022-04-01 | $160,000 (6.0%) | $247,263 (28.8%) | 0.00 | 74 |
2022-05-01 | $189,175 (26.1%) | $267,871 (34.7%) | 0.00 | 80 |
2022-06-01 | $182,250 (18.0%) | $267,857 (26.5%) | 0.00 | 93 |
2022-07-01 | $170,000 (10.0%) | $262,376 (24.9%) | 0.00 | 114 |
2022-08-01 | $176,675 (10.8%) | $270,855 (32.2%) | 0.00 | 123 |
2022-09-01 | $174,300 (16.4%) | $269,545 (27.8%) | 0.00 | 116 |
2022-10-01 | $157,000 (4.7%) | $241,067 (16.2%) | 0.00 | 124 |
2022-11-01 | $162,100 (1.6%) | $247,096 (4.6%) | 0.00 | 130 |
2022-12-01 | $152,500 (3.6%) | $236,074 (1.3%) | 0.00 | 126 |
2023-01-01 | $158,000 (12.9%) | $256,383 (9.0%) | 0.00 | 120 |
2023-02-01 | $147,350 (-4.8%) | $272,307 (12.1%) | 0.00 | 116 |
2023-03-01 | $143,750 (-12.9%) | $292,627 (15.1%) | 0.00 | 91 |
2023-04-01 | $177,200 (10.8%) | $296,235 (19.8%) | 0.00 | 97 |
2023-05-01 | $192,700 (1.9%) | $302,410 (12.9%) | 0.00 | 97 |
2023-06-01 | $187,450 (2.9%) | $290,182 (8.3%) | 0.00 | 101 |
2023-07-01 | $213,750 (25.7%) | $287,257 (9.5%) | 0.00 | 124 |
2023-08-01 | $222,500 (25.9%) | $281,785 (4.0%) | 0.00 | 132 |
2023-09-01 | $190,500 (9.3%) | $272,511 (1.1%) | 0.00 | 125 |
2023-10-01 | $199,900 (27.3%) | $284,398 (18.0%) | 0.00 | 131 |
2023-11-01 | $191,200 (18.0%) | $274,116 (10.9%) | 0.00 | 137 |
2023-12-01 | $187,250 (22.8%) | $269,861 (14.3%) | 0.00 | 147 |
2024-01-01 | $169,950 (7.6%) | $254,970 (-0.6%) | 0.00 | 155 |
2024-02-01 | $167,000 (13.3%) | $246,481 (-9.5%) | 0.00 | 145 |
2024-03-01 | $169,950 (18.2%) | $250,464 (-14.4%) | 0.00 | 150 |
2024-04-01 | $175,000 (-1.2%) | $265,624 (-10.3%) | 0.00 | 146 |
2024-05-01 | $188,700 (-2.1%) | $283,144 (-6.4%) | 0.00 | 133 |
2024-06-01 | $177,900 (-5.1%) | $273,939 (-5.6%) | 0.00 | 137 |
2024-07-01 | $176,450 (-17.5%) | $274,204 (-4.5%) | 0.00 | 141 |
2024-08-01 | $179,000 (-19.6%) | $304,062 (7.9%) | 0.00 | 136 |
2024-09-01 | $191,750 (0.7%) | $305,334 (12.0%) | 0.00 | 147 |
Meridian's median listing price comes in at 0% of the national average.
Meridian's average listing price for 2024-09-01 was $305,334, a difference of $32,823 (12.0%) versus the prior year and $1,272 versus the prior month.
For the 2024-09-01 period, Meridian had 147 MLS listings, a difference of 11 listings (8%) versus the prior month and 22 listings (18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Meridian (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,950 sqft |
2018-02-01 | 0 days | 1,943 sqft |
2018-03-01 | 0 days | 1,943 sqft |
2018-04-01 | 0 days | 1,954 sqft |
2018-05-01 | 0 days | 1,981 sqft |
2018-06-01 | 0 days | 1,999 sqft |
2018-07-01 | 0 days | 1,981 sqft |
2018-08-01 | 0 days | 1,974 sqft |
2018-09-01 | 0 days | 1,954 sqft |
2018-10-01 | 0 days | 1,944 sqft |
2018-11-01 | 0 days | 1,934 sqft |
2018-12-01 | 0 days | 1,914 sqft |
2019-01-01 | 0 days | 1,914 sqft |
2019-02-01 | 0 days | 1,913 sqft |
2019-03-01 | 0 days | 1,935 sqft |
2019-04-01 | 0 days | 1,965 sqft |
2019-05-01 | 0 days | 1,975 sqft |
2019-06-01 | 0 days | 2,033 sqft |
2019-07-01 | 0 days | 1,976 sqft |
2019-08-01 | 0 days | 1,953 sqft |
2019-09-01 | 0 days | 1,963 sqft |
2019-10-01 | 0 days | 1,964 sqft |
2019-11-01 | 0 days | 1,972 sqft |
2019-12-01 | 0 days | 1,951 sqft |
2020-01-01 | 0 days | 1,928 sqft |
2020-02-01 | 0 days | 1,887 sqft |
2020-03-01 | 0 days | 1,935 sqft |
2020-04-01 | 0 days | 1,953 sqft |
2020-05-01 | 0 days | 1,943 sqft |
2020-06-01 | 0 days | 1,918 sqft |
2020-07-01 | 0 days | 1,896 sqft |
2020-08-01 | 0 days | 1,938 sqft |
2020-09-01 | 0 days | 1,908 sqft |
2020-10-01 | 0 days | 1,944 sqft |
2020-11-01 | 0 days | 1,946 sqft |
2020-12-01 | 0 days | 1,936 sqft |
2021-01-01 | 0 days | 1,975 sqft |
2021-02-01 | 0 days | 1,990 sqft |
2021-03-01 | 0 days | 1,916 sqft |
2021-04-01 | 0 days | 1,998 sqft |
2021-05-01 | 0 days | 2,000 sqft |
2021-06-01 | 0 days | 2,046 sqft |
2021-07-01 | 0 days | 1,972 sqft |
2021-08-01 | 0 days | 1,943 sqft |
2021-09-01 | 0 days | 1,928 sqft |
2021-10-01 | 0 days | 1,837 sqft |
2021-11-01 | 0 days | 1,929 sqft |
2021-12-01 | 0 days | 1,819 sqft |
2022-01-01 | 0 days | 1,932 sqft |
2022-02-01 | 0 days | 1,902 sqft |
2022-03-01 | 0 days | 1,965 sqft |
2022-04-01 | 0 days | 1,926 sqft |
2022-05-01 | 0 days | 1,952 sqft |
2022-06-01 | 0 days | 1,930 sqft |
2022-07-01 | 0 days | 1,892 sqft |
2022-08-01 | 0 days | 1,923 sqft |
2022-09-01 | 0 days | 1,939 sqft |
2022-10-01 | 0 days | 1,917 sqft |
2022-11-01 | 0 days | 1,929 sqft |
2022-12-01 | 0 days | 1,730 sqft |
2023-01-01 | 0 days | 1,799 sqft |
2023-02-01 | 0 days | 1,945 sqft |
2023-03-01 | 0 days | 1,919 sqft |
2023-04-01 | 0 days | 2,050 sqft |
2023-05-01 | 0 days | 2,296 sqft |
2023-06-01 | 0 days | 2,121 sqft |
2023-07-01 | 0 days | 2,179 sqft |
2023-08-01 | 0 days | 2,252 sqft |
2023-09-01 | 0 days | 2,172 sqft |
2023-10-01 | 0 days | 2,147 sqft |
2023-11-01 | 0 days | 2,122 sqft |
2023-12-01 | 0 days | 2,040 sqft |
2024-01-01 | 0 days | 1,997 sqft |
2024-02-01 | 0 days | 1,946 sqft |
2024-03-01 | 0 days | 1,934 sqft |
2024-04-01 | 0 days | 1,951 sqft |
2024-05-01 | 0 days | 1,982 sqft |
2024-06-01 | 0 days | 1,954 sqft |
2024-07-01 | 0 days | 1,919 sqft |
2024-08-01 | 0 days | 1,952 sqft |
2024-09-01 | 0 days | 1,969 sqft |
Meridian's median square footage for active listings during the 2024-09-01 period was 1,969 sqft. One year prior, the average listing was 2,172 sqft.
Meridian, MS Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 639 | $105,535,000 | $165,156 |
Refi | 192 | $21,400,000 | $111,458 |
Other | 93 | $6,955,000 | $74,785 |
Cash Out Refi | 70 | $10,390,000 | $148,429 |
Home Improvement | 60 | $2,980,000 | $49,667 |
Meridian's most frequently cited loan purpose was Home Purchase, with 639 originations. The 2nd most popular reason was Refi, with 192 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 280 | $48,350,000 | $172,679 |
Over 8% | 276 | $24,590,000 | $89,094 |
7-8% | 218 | $32,880,000 | $150,826 |
5-6% | 146 | $28,600,000 | $195,890 |
<2.5% | 42 | $1,710,000 | $40,714 |
4-5% | 23 | $3,155,000 | $137,174 |
3-4% | 3 | $355,000 | $118,333 |
2.5-3% | 3 | $205,000 | $68,333 |
During 2023, Meridian's most frequently originated rate bucket was 6-7%, with 280 originations.
Loan Sizing (Meridian, MS MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 481 | $25,715,000 | $53,462 |
$100k-200k | 328 | $46,870,000 | $142,896 |
$200k-400k | 221 | $58,875,000 | $266,403 |
$400k-600k | 14 | $6,350,000 | $453,571 |
$600k-1000k | 8 | $6,100,000 | $762,500 |
$Over $1MM | 2 | $3,350,000 | $1,675,000 |
Meridian's loan sizing saw the bucket of loans from $100,000 or less with 481 originations, totaling $25,715,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 491 | $85,025,000 | $173,167 |
60-80% | 166 | $26,920,000 | $162,169 |
Under 20% | 107 | $2,845,000 | $26,589 |
20-40% | 100 | $7,660,000 | $76,600 |
40-60% | 89 | $10,215,000 | $114,775 |
Over 100% | 30 | $6,640,000 | $221,333 |
Meridian's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 491 originations, totaling $85,025,000 in origination value.