Meridian Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Meridian averaged 7.17% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

    The average rate for the prior week (2023-11-22) was 6.94% and one month ago for the week of 2023-10-26, the average rate was 7.84%.

    Meridian's average rate one year ago was 6.43%.

    For refis of the same type during the week of 2023-11-30, the average rate was 7.22%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-30 7.22%
    Meridian 30 Year Fixed Rate 2023-11-30 7.17%
    Meridian 30 Year Fixed Rate Refi 2023-11-30 7.22%
    Meridian 15 Year Fixed Rate 2023-11-30 6.46%
    Meridian 15 Year Fixed Rate Refi 2023-11-30 7.16%
    Meridian 30 Year FHA 2023-11-30 6.3%
    Meridian 30 Year FHA Refi 2023-11-30 6.85%
    Meridian 30 Year USDA 2023-11-30 6.9%
    Meridian 30 Year USDA Refi 2023-11-30 7.2%
    Meridian 30 Year VA 2023-11-30 6.23%
    Meridian 30 Year VA Refi 2023-11-30 6.57%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Meridian, MS.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Trustmark National Bank 48 4.84% $3,664
    The Citizens National Bank of Meridian 39 5.20% $3,214
    QUICKEN LOANS, LLC 15 5.16% $6,012
    Renasant Bank 15 4.47% $4,841
    Regions Bank 14 5.62% $3,984
    MORTGAGE INVESTORS GROUP, INC. 10 4.68% $3,916
    Wells Fargo Bank 7 4.39% $4,999
    Community Bank of Mississippi 7 5.09% $3,748
    NAVY FEDERAL CREDIT UNION 4 6.69% $2,884
    FIRST COMMUNITY MORTGAGE, INC. 4 3.94% $3,411
    LOANDEPOT.COM, LLC 4 3.62% $7,278
    AMERISAVE MORTGAGE CORPORATION 3 5.50% $5,721
    BankPlus 3 4.71% $4,464
    Citizens Bank 3 4.38% $6,838
    CRESCENT MORTGAGE COMPANY 3 4.66% $6,372
    BancorpSouth 3 4.83% $4,411
    BROKER SOLUTIONS, INC. 2 6.75% $9,239
    FREEDOM MORTGAGE CORPORATION 2 4.19% $2,158
    GUARANTY HOME MORTGAGE CORPORATION 2 5.69% $6,892
    Mortgage Research Center, LLC 2 6.00% $2,069
    Mr. Cooper ( Nationstar Mortgage ) 2 5.18% $6,884
    NEWREZ LLC 2 3.87% $6,545
    STOCKTON MORTGAGE CORPORATION 2 4.93% $5,216
    TOWNE MORTGAGE COMPANY 2 6.00% $3,603
    CALIBER HOME LOANS, INC. 1 5.75% $4,445
    MOVEMENT MORTGAGE, LLC 1 4.88% $4,485
    Beeline Loans, Inc. 1 6.50% $5,337
    M&T Bank 1 4.50% $6,698
    Nations Lending Corporation 1 6.13% $6,675
    Flagstar Bank, FSB 1 4.53% $13,575
    21ST MORTGAGE CORPORATION 1 6.80% $5,389
    North American Savings Bank, F.S.B. 1 4.00% $6,310
    PLANET HOME LENDING, LLC 1 4.75% $4,172
    FirstBank 1 6.75% $4,592
    DELMAR FINANCIAL COMPANY 1 5.13% $5,452
    RELIANCE FIRST CAPITAL, LLC 1 3.38% $4,390
    CHURCHILL MORTGAGE CORPORATION 1 4.38% $3,214
    Royal Credit Union 1 3.25% $2,761
    ROYAL UNITED MORTGAGE LLC 1 4.88% $6,705
    SOUTHWEST STAGE FUNDING, LLC 1 5.50% $2,410
    Stifel Bank and Trust 1 4.75% $2,487
    United Community Bank 1 7.49% $3,960
    HOPE FEDERAL CREDIT UNION 1 6.50% $5,592
    JPMorgan Chase Bank 1 3.13% $7,317
    HOMESIDE FINANCIAL, LLC 1 3.99% $2,830
    Merchants & Marine Bank 1 5.50% $5,151
    HOME POINT FINANCIAL CORPORATION 1 4.99% $5,434

    Meridian Average Closing Costs & Other Stats

    Meridian, MS's 47 lenders originated 1,334 loans during 2022. The total origination value was $273,820,000, with an average loan value of $205,262.

    Meridian's average closing costs are $4,845.

    The top Meridian lender as defined by loan originations is Trustmark National Bank, with 48 loans originated. Their average total fees are $3,664, which is $449 higher than the next largest lender, The Citizens National Bank of Meridian.

    The lowest fee Meridian lenders (with over 10 loans originated) are The Citizens National Bank of Meridian ($3,214), Trustmark National Bank ($3,664), MORTGAGE INVESTORS GROUP, INC. ($3,916), Regions Bank ($3,984) and Renasant Bank ($4,841).

    The lowest rate Meridian lenders (with over 10 loans originated) are Renasant Bank (4.47%), MORTGAGE INVESTORS GROUP, INC. (4.68%), Trustmark National Bank (4.84%), QUICKEN LOANS, LLC (5.16%) and The Citizens National Bank of Meridian (5.20%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    WALKER & DUNLOP, LLC $63,920,000 n/a 23.3%
    Trustmark National Bank $50,475,000 $37,365,000 -26.0% 13.6%
    The Citizens National Bank of Meridian $29,290,000 $20,165,000 -31.2% 7.4%
    Community Bank of Mississippi $23,785,000 $17,205,000 -27.7% 6.3%
    Mortgage Research Center, LLC $9,585,000 $11,945,000 24.6% 4.4%
    QUICKEN LOANS, LLC $25,780,000 $10,680,000 -58.6% 3.9%
    Great Southern Bank $4,810,000 $9,920,000 106.2% 3.6%
    BankPlus $9,155,000 $9,770,000 6.7% 3.6%
    Southern Bank $8,565,000 n/a 3.1%
    Regions Bank $11,040,000 $7,390,000 -33.1% 2.7%
    Renasant Bank $11,390,000 $6,895,000 -39.5% 2.5%
    MORTGAGE INVESTORS GROUP, INC. $8,710,000 $5,290,000 -39.3% 1.9%
    NAVY FEDERAL CREDIT UNION $6,500,000 $3,870,000 -40.5% 1.4%
    FIRST COMMUNITY MORTGAGE, INC. $3,400,000 $2,805,000 -17.5% 1.0%
    21ST MORTGAGE CORPORATION $4,670,000 $2,800,000 -40.0% 1.0%
    Wells Fargo Bank $5,490,000 $2,660,000 -51.5% 1.0%
    USAA Federal Savings Bank $2,715,000 $2,395,000 -11.8% 0.9%
    TRIAD FINANCIAL SERVICES, INC. $1,735,000 $2,230,000 28.5% 0.8%
    TOWNE MORTGAGE COMPANY $7,115,000 $2,010,000 -71.7% 0.7%
    BankFirst Financial Services $585,000 $1,975,000 237.6% 0.7%
    The Citizens Bank of Philadelphia, Mississippi $1,625,000 $1,950,000 20.0% 0.7%
    Barrington Bank & Trust Company, N.A. $1,355,000 $1,905,000 40.6% 0.7%
    NEW DAY FINANCIAL, LLC $1,290,000 $1,890,000 46.5% 0.7%
    PENNYMAC LOAN SERVICES, LLC $3,155,000 $1,845,000 -41.5% 0.7%
    LOANDEPOT.COM, LLC $2,735,000 $1,725,000 -36.9% 0.6%
    Arbor Realty Trust, Inc. $1,705,000 n/a 0.6%
    AMERISAVE MORTGAGE CORPORATION $2,110,000 $1,585,000 -24.9% 0.6%
    BancorpSouth Bank $2,975,000 $1,510,000 -49.2% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $2,685,000 $1,360,000 -49.3% 0.5%
    GUARANTY HOME MORTGAGE CORPORATION $1,305,000 n/a 0.5%
    ServisFirst Bank $125,000 $1,165,000 832.0% 0.4%
    CSL Financial, LLC $695,000 $1,150,000 65.5% 0.4%
    CRESCENT MORTGAGE COMPANY $780,000 $1,010,000 29.5% 0.4%
    JPMorgan Chase Bank $620,000 $960,000 54.8% 0.4%
    FirstBank $590,000 $865,000 46.6% 0.3%
    FREEDOM MORTGAGE CORPORATION $4,210,000 $860,000 -79.6% 0.3%
    NEWREZ LLC $2,365,000 $845,000 -64.3% 0.3%
    SOUTHWEST STAGE FUNDING, LLC $395,000 $775,000 96.2% 0.3%
    Citizens Bank $25,000 $755,000 2,920.0% 0.3%
    UNITED WHOLESALE MORTGAGE, LLC $1,465,000 $730,000 -50.2% 0.3%
    United Community Bank $690,000 n/a 0.3%
    OPEN MORTGAGE, LLC $660,000 $620,000 -6.1% 0.2%
    BROKER SOLUTIONS, INC. $560,000 $585,000 4.5% 0.2%
    FINANCE OF AMERICA MORTGAGE LLC $565,000 n/a 0.2%
    HOMESIDE FINANCIAL, LLC $360,000 $550,000 52.8% 0.2%
    CHURCHILL MORTGAGE CORPORATION $440,000 $530,000 20.5% 0.2%
    Stifel Bank and Trust $1,955,000 $525,000 -73.1% 0.2%
    Flagstar Bank, FSB $455,000 n/a 0.2%
    COUNTRYPLACE MORTGAGE, LTD. $1,065,000 $435,000 -59.2% 0.2%
    The Federal Savings Bank $415,000 n/a 0.2%
    Merchants & Marine Bank $400,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $400,000 n/a 0.1%
    STOCKTON MORTGAGE CORPORATION $370,000 n/a 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $365,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $145,000 $365,000 151.7% 0.1%
    HOME POINT FINANCIAL CORPORATION $2,750,000 $350,000 -87.3% 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,840,000 $320,000 -82.6% 0.1%
    HOPE FEDERAL CREDIT UNION $135,000 $315,000 133.3% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $165,000 $310,000 87.9% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $410,000 $310,000 -24.4% 0.1%
    MORTGAGE ACCESS CORP. $305,000 n/a 0.1%
    First Bank $285,000 n/a 0.1%
    GUARANTEED RATE, INC. $220,000 $285,000 29.5% 0.1%
    CMG MORTGAGE, INC. $280,000 n/a 0.1%
    KEESLER $280,000 $275,000 -1.8% 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $265,000 n/a 0.1%
    Carrington Mortgage Services, LLC $875,000 $245,000 -72.0% 0.1%
    VILLAGE CAPITAL MORTGAGE $65,000 $245,000 276.9% 0.1%
    KINECTA $235,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $430,000 $235,000 -45.3% 0.1%
    GMFS LLC $280,000 $215,000 -23.2% 0.1%
    RIVERTRUST Federal Credit Union $185,000 $215,000 16.2% 0.1%
    The First, A National Banking Association $870,000 $215,000 -75.3% 0.1%
    MOVEMENT MORTGAGE, LLC $210,000 n/a 0.1%
    Figure Lending LLC $15,000 $205,000 1,266.7% 0.1%
    PLANET HOME LENDING, LLC $200,000 n/a 0.1%
    SOUTHEAST MORTGAGE OF GEORGIA, INC. $95,000 $195,000 105.3% 0.1%
    Discover Bank $120,000 $190,000 58.3% 0.1%
    Magnolia State Bank $190,000 n/a 0.1%
    EMBRACE HOME LOANS, INC. $225,000 $185,000 -17.8% 0.1%
    EVANSVILLE TEACHERS $185,000 n/a 0.1%
    VAN DYK MORTGAGE CORPORATION $185,000 n/a 0.1%
    Nations Lending Corporation $405,000 $170,000 -58.0% 0.1%
    First Internet Bank of Indiana $375,000 $165,000 -56.0% 0.1%
    West Alabama Bank & Trust $260,000 $160,000 -38.5% 0.1%
    IMPAC MORTGAGE CORP. $155,000 n/a 0.1%
    Peoples Bank $155,000 n/a 0.1%
    DELMAR FINANCIAL COMPANY $175,000 $150,000 -14.3% 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $440,000 $150,000 -65.9% 0.1%
    Citizens Bank $25,000 $145,000 480.0% 0.1%
    Core Bank $255,000 $145,000 -43.1% 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $145,000 n/a 0.1%
    U.S. Bank $140,000 n/a 0.1%
    GENEVA FINANCIAL, LLC $135,000 n/a 0.0%
    Royal Credit Union $135,000 n/a 0.0%
    Bankers Trust Company $125,000 n/a 0.0%
    South State Bank $125,000 n/a 0.0%
    Beeline Loans, Inc. $120,000 n/a 0.0%
    CALIBER HOME LOANS, INC. $570,000 $120,000 -78.9% 0.0%
    Bank of America $575,000 $115,000 -80.0% 0.0%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $115,000 $115,000 0.0% 0.0%
    North American Savings Bank, F.S.B. $295,000 $115,000 -61.0% 0.0%
    FIDELITY BANK $255,000 $110,000 -56.9% 0.0%
    CIS Financial Services, Inc. $260,000 $105,000 -59.6% 0.0%
    M&T Bank $215,000 $105,000 -51.2% 0.0%
    MID AMERICA MORTGAGE, INC. $95,000 n/a 0.0%
    PHH Mortgage Corporation $320,000 $95,000 -70.3% 0.0%
    AMERICAN FINANCING CORPORATION $480,000 $85,000 -82.3% 0.0%
    Copiah Bank $75,000 n/a 0.0%
    Northpointe Bank $65,000 $75,000 15.4% 0.0%
    RELIANCE FIRST CAPITAL, LLC $425,000 $75,000 -82.4% 0.0%
    ACADEMY MORTGAGE CORPORATION $215,000 $65,000 -69.8% 0.0%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $65,000 n/a 0.0%
    PNC Bank $12,005,000 $65,000 -99.5% 0.0%
    ROYAL UNITED MORTGAGE LLC $55,000 $65,000 18.2% 0.0%
    PriorityOne Bank $295,000 $35,000 -88.1% 0.0%
    AMERICAN ADVISORS GROUP $270,000 $25,000 -90.7% 0.0%
    1st Franklin Financial Corporation $85,000 $15,000 -82.4% 0.0%

    Meridian's top lender by overall market share is WALKER & DUNLOP, LLC, with 23.3% market share. In second place, with 13.6%, is Trustmark National Bank, having originated $37,365,000 in loans. In third place, with 7.4%, is The Citizens National Bank of Meridian, having originated $20,165,000 in loans. In fourth place, with 6.3%, is Community Bank of Mississippi, having originated $17,205,000 in loans. In fifth place, with 4.4%, is Mortgage Research Center, LLC, having originated $11,945,000 in loans.

    Meridian Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Meridian (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 $138,950 (7.0%) $188,332 (9.2%) 0.00 418
    2018-02-01 $136,250 (10.6%) $183,984 (7.9%) 0.00 414
    2018-03-01 $137,500 (7.9%) $181,611 (4.2%) 0.00 405
    2018-04-01 $145,000 (7.4%) $190,269 (2.1%) 0.00 389
    2018-05-01 $149,000 (10.5%) $195,436 (2.9%) 0.00 386
    2018-06-01 $144,500 (5.7%) $194,354 (1.3%) 0.00 400
    2018-07-01 $147,250 (3.0%) $191,738 (0.0%) 0.00 412
    2018-08-01 $153,250 (4.8%) $190,437 (-1.7%) 0.00 404
    2018-09-01 $152,500 (5.2%) $193,503 (-1.3%) 0.00 405
    2018-10-01 $141,725 (-5.2%) $185,552 (-4.4%) 0.00 413
    2018-11-01 $149,735 (1.0%) $181,112 (-6.3%) 0.00 389
    2018-12-01 $149,000 (4.9%) $176,421 (-7.8%) 0.00 375
    2019-01-01 $147,250 (6.0%) $177,469 (-5.8%) 0.00 363
    2019-02-01 $149,950 (10.1%) $177,841 (-3.3%) 0.00 367
    2019-03-01 $148,786 (8.2%) $178,532 (-1.7%) 0.00 368
    2019-04-01 $148,250 (2.2%) $181,914 (-4.4%) 0.00 361
    2019-05-01 $145,700 (-2.2%) $189,298 (-3.1%) 0.00 352
    2019-06-01 $153,450 (6.2%) $196,118 (0.9%) 0.00 367
    2019-07-01 $157,350 (6.9%) $197,580 (3.1%) 0.00 366
    2019-08-01 $153,718 (0.3%) $194,432 (2.1%) 0.00 353
    2019-09-01 $145,945 (-4.3%) $190,743 (-1.4%) 0.00 337
    2019-10-01 $139,450 (-1.6%) $188,210 (1.4%) 0.00 324
    2019-11-01 $139,900 (-6.6%) $193,339 (6.8%) 0.00 299
    2019-12-01 $139,000 (-6.7%) $192,326 (9.0%) 0.00 292
    2020-01-01 $134,125 (-8.9%) $192,613 (8.5%) 0.00 285
    2020-02-01 $129,000 (-14.0%) $193,671 (8.9%) 0.00 286
    2020-03-01 $129,450 (-13.0%) $186,812 (4.6%) 0.00 289
    2020-04-01 $137,575 (-7.2%) $199,909 (9.9%) 0.00 279
    2020-05-01 $129,000 (-11.5%) $186,851 (-1.3%) 0.00 259
    2020-06-01 $129,000 (-15.9%) $184,984 (-5.7%) 0.00 229
    2020-07-01 $127,700 (-18.8%) $181,397 (-8.2%) 0.00 208
    2020-08-01 $135,000 (-12.2%) $186,476 (-4.1%) 0.00 195
    2020-09-01 $142,750 (-2.2%) $183,870 (-3.6%) 0.00 189
    2020-10-01 $150,000 (7.6%) $195,675 (4.0%) 0.00 190
    2020-11-01 $164,700 (17.7%) $196,614 (1.7%) 0.00 189
    2020-12-01 $149,925 (7.9%) $189,734 (-1.4%) 0.00 191
    2021-01-01 $169,700 (26.5%) $195,079 (1.3%) 0.00 168
    2021-02-01 $168,100 (30.3%) $194,165 (0.3%) 0.00 135
    2021-03-01 $164,625 (27.2%) $186,416 (-0.2%) 0.00 120
    2021-04-01 $151,000 (9.8%) $192,000 (-4.0%) 0.00 115
    2021-05-01 $150,000 (16.3%) $198,830 (6.4%) 0.00 110
    2021-06-01 $154,450 (19.7%) $211,725 (14.5%) 0.00 107
    2021-07-01 $150,000 (17.5%) $208,951 (15.2%) 0.00 103
    2021-08-01 $158,350 (17.3%) $203,991 (9.4%) 0.00 115
    2021-09-01 $149,600 (4.8%) $209,910 (14.2%) 0.00 110
    2021-10-01 $149,900 (-0.1%) $206,610 (5.6%) 0.00 118
    2021-11-01 $157,750 (-4.2%) $234,912 (19.5%) 0.00 114
    2021-12-01 $143,675 (-4.2%) $231,912 (22.2%) 0.00 107
    2022-01-01 $138,250 (-18.5%) $233,759 (19.8%) 0.00 96
    2022-02-01 $153,325 (-8.8%) $241,277 (24.3%) 0.00 86
    2022-03-01 $162,500 (-1.3%) $252,504 (35.5%) 0.00 86
    2022-04-01 $160,000 (6.0%) $245,688 (28.0%) 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 (13.3%) $262,376 (25.6%) 0.00 114
    2022-08-01 $176,675 (11.6%) $270,855 (32.8%) 0.00 123
    2022-09-01 $174,300 (16.5%) $269,545 (28.4%) 0.00 116
    2022-10-01 $157,000 (4.7%) $241,067 (16.7%) 0.00 124
    2022-11-01 $162,100 (2.8%) $247,096 (5.2%) 0.00 130
    2022-12-01 $152,500 (6.1%) $236,074 (1.8%) 0.00 126
    2023-01-01 $158,000 (14.3%) $256,383 (9.7%) 0.00 120
    2023-02-01 $147,350 (-3.9%) $272,307 (12.9%) 0.00 116
    2023-03-01 $143,750 (-11.5%) $292,713 (15.9%) 0.00 91
    2023-04-01 $179,500 (12.2%) $296,273 (20.6%) 0.00 98
    2023-05-01 $210,250 (11.1%) $304,065 (13.5%) 0.00 97
    2023-06-01 $202,500 (11.1%) $293,709 (9.7%) 0.00 99
    2023-07-01 $213,750 (25.7%) $288,146 (9.8%) 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
    Meridian's median listing price for 2023-11-01 was $191,200, a difference of $29,100 (18.0%) versus the prior year and $-8,700 versus the prior month.

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

    Meridian's average listing price for 2023-11-01 was $274,116, a difference of $27,020 (10.9%) versus the prior year and $-10,282 versus the prior month.

    For the 2023-11-01 period, Meridian had 137 MLS listings, a difference of 6 listings (5%) versus the prior month and 7 listings (5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Meridian (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,947 sqft
    2018-02-01 0 days 1,941 sqft
    2018-03-01 0 days 1,943 sqft
    2018-04-01 0 days 1,947 sqft
    2018-05-01 0 days 1,973 sqft
    2018-06-01 0 days 1,999 sqft
    2018-07-01 0 days 1,977 sqft
    2018-08-01 0 days 1,969 sqft
    2018-09-01 0 days 1,953 sqft
    2018-10-01 0 days 1,940 sqft
    2018-11-01 0 days 1,925 sqft
    2018-12-01 0 days 1,912 sqft
    2019-01-01 0 days 1,906 sqft
    2019-02-01 0 days 1,906 sqft
    2019-03-01 0 days 1,935 sqft
    2019-04-01 0 days 1,966 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 1,954 sqft
    2019-09-01 0 days 1,963 sqft
    2019-10-01 0 days 1,966 sqft
    2019-11-01 0 days 1,973 sqft
    2019-12-01 0 days 1,953 sqft
    2020-01-01 0 days 1,931 sqft
    2020-02-01 0 days 1,887 sqft
    2020-03-01 0 days 1,935 sqft
    2020-04-01 0 days 1,957 sqft
    2020-05-01 0 days 1,945 sqft
    2020-06-01 0 days 1,918 sqft
    2020-07-01 0 days 1,896 sqft
    2020-08-01 0 days 1,941 sqft
    2020-09-01 0 days 1,913 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 1,900 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 1,944 sqft
    2021-08-01 0 days 1,933 sqft
    2021-09-01 0 days 1,920 sqft
    2021-10-01 0 days 1,831 sqft
    2021-11-01 0 days 1,927 sqft
    2021-12-01 0 days 1,808 sqft
    2022-01-01 0 days 1,930 sqft
    2022-02-01 0 days 1,897 sqft
    2022-03-01 0 days 1,958 sqft
    2022-04-01 0 days 1,924 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 1,912 sqft
    2023-04-01 0 days 2,038 sqft
    2023-05-01 0 days 2,290 sqft
    2023-06-01 0 days 2,055 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
    Meridian's median listing age (time on market) for 2023-11-01 was 0 days.

    Meridian's median square footage for active listings during the 2023-11-01 period was 2,122 sqft. One year prior, the average listing was 1,929 sqft.

    Meridian, MS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 803 $191,025,000 $237,889
    Refi 277 $49,245,000 $177,780
    Cash Out Refi 118 $21,530,000 $182,458
    Other 70 $5,820,000 $83,143
    Home Improvement 66 $6,200,000 $93,939

    Meridian's most frequently cited loan purpose was Home Purchase, with 803 originations. The 2nd most popular reason was Refi, with 277 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 283 $47,565,000 $168,074
    3-4% 256 $46,020,000 $179,766
    4-5% 248 $115,100,000 $464,113
    6-7% 139 $19,185,000 $138,022
    <2.5% 94 $6,860,000 $72,979
    2.5-3% 77 $13,105,000 $170,195
    7-8% 73 $8,255,000 $113,082
    Over 8% 68 $5,400,000 $79,412

    During 2022, Meridian's most frequently originated rate bucket was 5-6%, with 283 originations.

    Loan Sizing (Meridian, MS MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 557 $31,355,000 $56,293
    $100k-200k 421 $62,085,000 $147,470
    $200k-400k 315 $83,695,000 $265,698
    $400k-600k 25 $11,925,000 $477,000
    $600k-1000k 9 $6,915,000 $768,333
    $Over $1MM 7 $77,845,000 $11,120,714

    Meridian's loan sizing saw the bucket of loans from $100,000 or less with 557 originations, totaling $31,355,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 631 $122,365,000 $193,922
    60-80% 256 $38,670,000 $151,055
    40-60% 112 $64,420,000 $575,179
    Under 20% 102 $17,530,000 $171,863
    20-40% 78 $6,950,000 $89,103
    Over 100% 41 $9,485,000 $231,341

    Meridian's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 631 originations, totaling $122,365,000 in origination value.