Meridian Mortgage Rates & Closing Costs
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% |
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 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. LouisDate | 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 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. LouisDate | 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 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.