Miami Mortgage Rates

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

30 Year Fixed Rate mortgages in Miami averaged 6.03% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 6.1% and one month ago for the week of 2022-05-19, the average rate was 5.57%.

Miami's average rate one year ago was 3.39%.

For refis of the same type during the week of 2022-06-23, the average rate was 5.8%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Miami 30 Year Fixed Rate 2022-06-23 6.03%
Miami 30 Year Fixed Rate Refi 2022-06-23 5.8%
Miami 15 Year Fixed Rate 2022-06-23 5.27%
Miami 15 Year Fixed Rate Refi 2022-06-23 5.26%
Miami 30 Year FHA 2022-06-23 -0.05%
Miami 30 Year FHA Refi 2022-06-23 0.05%
Miami 30 Year USDA 2022-06-23 0.03%
Miami 30 Year USDA Refi 2022-06-23 0.44%
Miami 30 Year VA 2022-06-23 -0.07%
Miami 30 Year VA Refi 2022-06-23 0.19%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Miami, OK.

Miami Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Miami, OK 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Arvest Bank 44 3.26% $3,242
QUICKEN LOANS, LLC 16 3.00% $6,161
Mortgage Investment Services Corporation 9 3.35% $5,402
United Fidelity Funding Corp. 9 3.42% $3,555
Wells Fargo Bank 6 3.23% $4,083
FLAT BRANCH MORTGAGE, INC. 6 3.29% $3,380
TTCU Federal Credit Union 6 2.90% $3,320
LOANDEPOT.COM, LLC 3 3.33% $5,756
TOWNE MORTGAGE COMPANY 3 3.54% $4,737
Flagstar Bank, FSB 2 2.94% $3,483
F & M Bank 2 3.00% $4,119
AMERISAVE MORTGAGE CORPORATION 2 3.00% $6,141
FIDELITY BANK 1 3.25% $3,469
FINANCE OF AMERICA MORTGAGE LLC 1 2.99% $3,859
AMERICAN FINANCING CORPORATION 1 4.25% $4,629
International Bank of Commerce 1 2.88% $3,707
KELLER MORTGAGE, LLC 1 3.00% $2,819
LOANPAL, LLC 1 3.88% $7,046
Mortgage Research Center, LLC 1 3.38% $922
NAVY FEDERAL CREDIT UNION 1 4.00% $4,936
NEWREZ LLC 1 3.99% $3,366
ROYAL UNITED MORTGAGE LLC 1 2.88% $7,151
Simmons Bank 1 3.00% $4,950
Southwest Missouri Bank 1 2.75% $3,087
TIB The Independent Bankersbank 1 3.25% $6,657
UNITED 1 3.63% $2,879
U.S. Bank 1 2.88% $3,069
Gateway First Bank 1 3.25% $2,637
Armstrong Bank 1 2.88% $2,747
BancorpSouth Bank 1 3.25% $4,079
Bank of America 1 2.75% $4,092
Bank of England 1 3.00% $3,897
BETTER MORTGAGE CORPORATION 1 2.88% $4,178
CALIBER HOME LOANS, INC. 1 2.75% $6,385
Carrington Mortgage Services, LLC 1 3.38% $5,949
DAS Acquisition Company, LLC 1 3.25% $3,637
Discover Bank 1 4.75% $0
EVERETT FINANCIAL, INC. 1 4.13% $1,528
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.99% $4,844

Miami, OK's 39 lenders originated 484 loans during 2021. The total origination value was $65,370,000, with an average loan value of $135,062.

The top Miami lender as defined by loan originations is Arvest Bank, with 44 loans originated. Their average total fees are $3,242, which is $2,919 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Miami lenders (with over 10 loans originated) are Arvest Bank ($3,242), QUICKEN LOANS, LLC ($6,161), .

The lowest rate Miami lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.00%), Arvest Bank (3.26%), .

Miami, OK Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Arvest Bank $9,725,000 $11,550,000 18.8% 17.7%
QUICKEN LOANS, LLC $4,225,000 $6,735,000 59.4% 10.3%
FLAT BRANCH MORTGAGE, INC. $3,695,000 $5,215,000 41.1% 8.0%
Chickasaw Community Bank $2,295,000 $3,450,000 50.3% 5.3%
Mortgage Research Center, LLC $1,565,000 $3,450,000 120.4% 5.3%
United Fidelity Funding Corp. $1,775,000 $3,160,000 78.0% 4.8%
Mortgage Investment Services Corporation $3,845,000 $2,990,000 -22.2% 4.6%
Oakstar Bank $2,395,000 n/a 3.7%
TOWNE MORTGAGE COMPANY $1,030,000 $2,060,000 100.0% 3.2%
Grand Savings Bank $755,000 $1,510,000 100.0% 2.3%
TTCU Federal Credit Union $715,000 $1,510,000 111.2% 2.3%
Flagstar Bank, FSB $655,000 $1,265,000 93.1% 1.9%
Wells Fargo Bank $110,000 $1,135,000 931.8% 1.7%
FREEDOM MORTGAGE CORPORATION $915,000 $855,000 -6.6% 1.3%
F & M Bank $675,000 $840,000 24.4% 1.3%
People's Bank of Seneca $1,270,000 $750,000 -40.9% 1.1%
Southwest Missouri Bank $525,000 $645,000 22.9% 1.0%
PENNYMAC LOAN SERVICES, LLC $640,000 n/a 1.0%
CALIBER HOME LOANS, INC. $585,000 n/a 0.9%
VANDERBILT MORTGAGE AND FINANCE, INC. $840,000 $570,000 -32.1% 0.9%
LOANDEPOT.COM, LLC $375,000 $540,000 44.0% 0.8%
NEWREZ LLC $170,000 $530,000 211.8% 0.8%
DOMINION FINANCIAL SERVICES, LLC $525,000 n/a 0.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $490,000 n/a 0.7%
Simmons Bank $470,000 n/a 0.7%
NAVY FEDERAL CREDIT UNION $105,000 $465,000 342.9% 0.7%
AMERISAVE MORTGAGE CORPORATION $490,000 $460,000 -6.1% 0.7%
BancFirst $100,000 $450,000 350.0% 0.7%
21ST MORTGAGE CORPORATION $250,000 $435,000 74.0% 0.7%
Barrington Bank & Trust Company, N.A. $425,000 n/a 0.7%
MID AMERICA MORTGAGE, INC. $285,000 $415,000 45.6% 0.6%
KELLER MORTGAGE, LLC $390,000 n/a 0.6%
NEW DAY FINANCIAL, LLC $185,000 $390,000 110.8% 0.6%
HOMEBRIDGE FINANCIAL SERVICES, INC. $585,000 $380,000 -35.0% 0.6%
Community Bank and Trust $420,000 $315,000 -25.0% 0.5%
FINANCE OF AMERICA MORTGAGE LLC $305,000 n/a 0.5%
BOKF $705,000 $285,000 -59.6% 0.4%
TRIAD FINANCIAL SERVICES, INC. $285,000 n/a 0.4%
AMERICAN FINANCING CORPORATION $280,000 n/a 0.4%
FirstTrust Home Loans, Inc. $1,320,000 $280,000 -78.8% 0.4%
LOANPAL, LLC $95,000 $270,000 184.2% 0.4%
BROKER SOLUTIONS, INC. $205,000 $265,000 29.3% 0.4%
UNITED BUILT HOMES, L.L.C. $265,000 n/a 0.4%
Mr. Cooper ( Nationstar Mortgage ) $65,000 $245,000 276.9% 0.4%
HOME POINT FINANCIAL CORPORATION $95,000 $240,000 152.6% 0.4%
MORTGAGE SOLUTIONS OF COLORADO, LLC $225,000 n/a 0.3%
TIAA, FSB $225,000 n/a 0.3%
OKLAHOMA'S $215,000 n/a 0.3%
TIB The Independent Bankersbank $215,000 n/a 0.3%
UNITED $210,000 n/a 0.3%
DAS Acquisition Company, LLC $155,000 $205,000 32.3% 0.3%
Nations Lending Corporation $205,000 n/a 0.3%
ROYAL UNITED MORTGAGE LLC $135,000 $205,000 51.9% 0.3%
USAA Federal Savings Bank $195,000 $205,000 5.1% 0.3%
ACCELERATE MORTGAGE, LLC $195,000 n/a 0.3%
CROSSCOUNTRY MORTGAGE, LLC $400,000 $195,000 -51.3% 0.3%
AMERICAN FINANCIAL NETWORK, INC. $185,000 n/a 0.3%
Carrington Mortgage Services, LLC $75,000 $180,000 140.0% 0.3%
HOMESTEAD FUNDING CORP. $175,000 n/a 0.3%
American Bank of Oklahoma $95,000 $165,000 73.7% 0.3%
EVERETT FINANCIAL, INC. $350,000 $165,000 -52.9% 0.3%
International Bank of Commerce $520,000 $145,000 -72.1% 0.2%
OPEN MORTGAGE, LLC $305,000 $135,000 -55.7% 0.2%
BancorpSouth Bank $125,000 n/a 0.2%
BETTER MORTGAGE CORPORATION $215,000 $125,000 -41.9% 0.2%
Discover Bank $125,000 n/a 0.2%
First Guaranty Mortgage Corporation $115,000 n/a 0.2%
U.S. Bank $370,000 $105,000 -71.6% 0.2%
RED CROWN $75,000 n/a 0.1%
Armstrong Bank $65,000 n/a 0.1%
FIDELITY BANK $65,000 n/a 0.1%
Freedom Bank of Southern Missouri $65,000 n/a 0.1%
GSF Mortgage Corporation $65,000 n/a 0.1%
Bank of England $55,000 n/a 0.1%
Gateway First Bank $1,310,000 $55,000 -95.8% 0.1%
JPMorgan Chase Bank $230,000 $55,000 -76.1% 0.1%
The Central Trust Bank $45,000 n/a 0.1%
Bank of America $345,000 $35,000 -89.9% 0.1%
MISSOURI ELECTRIC COOPERATIVES EMPL $35,000 n/a 0.1%

Miami's top lender by overall market share is Arvest Bank, with 17.7% market share. In second place, with 10.3%, is QUICKEN LOANS, LLC, having originated $6,735,000 in loans. In third place, with 8.0%, is FLAT BRANCH MORTGAGE, INC., having originated $5,215,000 in loans. In third place, with 5.3%, is Chickasaw Community Bank, having originated $3,450,000 in loans. In third place, with 5.3%, is Mortgage Research Center, LLC, having originated $3,450,000 in loans.


Miami, OK Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 295 $38,165,000 $129,373
Refi 106 $16,990,000 $160,283
Cash Out Refi 69 $9,225,000 $133,696
Home Improvement 9 $565,000 $62,778
Other 5 $425,000 $85,000

Miami's most frequently cited loan purpose was Home Purchase, with 295 originations. The 2nd most popular reason was Refi, with 106 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 182 $22,140,000 $121,648
2.5-3% 172 $26,630,000 $154,826
<2.5% 60 $9,620,000 $160,333
4-5% 22 $2,320,000 $105,455
5-6% 8 $720,000 $90,000
Over 8% 5 $545,000 $109,000
6-7% 4 $570,000 $142,500
7-8% 3 $185,000 $61,667

During 2021, Miami's most frequently originated rate bucket was 3-4%, with 182 originations.

Loan Sizing (Miami, OK MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 221 $30,785,000 $139,299
$100,000 or less 193 $13,055,000 $67,642
$200k-400k 62 $16,130,000 $260,161
$400k-600k 7 $3,325,000 $475,000
$Over $1MM 1 $2,075,000 $2,075,000

Miami's loan sizing saw the bucket of loans from $100k-200k with 221 originations, totaling $30,785,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 270 $36,470,000 $135,074
60-80% 113 $17,615,000 $155,885
40-60% 38 $4,750,000 $125,000
20-40% 10 $520,000 $52,000
Over 100% 8 $1,180,000 $147,500
Under 20% 5 $135,000 $27,000

Miami's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 270 originations, totaling $36,470,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Miami (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 $87,000 (9.2%) $111,523 (-8.2%) 0.00 165
2018-02-01 $84,750 (6.0%) $112,115 (-6.8%) 0.00 171
2018-03-01 $89,500 (11.9%) $114,893 (-1.8%) 0.00 174
2018-04-01 $87,700 (6.3%) $112,175 (-5.7%) 0.00 180
2018-05-01 $86,700 (8.4%) $113,309 (-4.9%) 0.00 185
2018-06-01 $84,900 (2.3%) $113,048 (-7.0%) 0.00 191
2018-07-01 $85,000 (0.0%) $117,335 (-4.7%) 0.00 181
2018-08-01 $84,950 (-4.6%) $118,832 (-6.1%) 0.00 164
2018-09-01 $82,900 (-2.5%) $120,688 (-3.0%) 0.00 171
2018-10-01 $84,000 (-0.8%) $118,135 (-4.1%) 0.00 172
2018-11-01 $84,900 (-5.6%) $117,448 (3.6%) 0.00 170
2018-12-01 $84,900 (-5.6%) $116,505 (4.5%) 0.00 162
2019-01-01 $83,900 (-3.6%) $118,963 (6.7%) 0.00 142
2019-02-01 $84,900 (0.2%) $119,616 (6.7%) 0.00 137
2019-03-01 $88,329 (-1.3%) $121,546 (5.8%) 0.00 132
2019-04-01 $92,500 (5.5%) $124,392 (10.9%) 0.00 122
2019-05-01 $90,750 (4.7%) $133,128 (17.5%) 0.00 115
2019-06-01 $89,900 (5.9%) $128,980 (14.1%) 0.00 114
2019-07-01 $89,900 (5.8%) $128,697 (9.7%) 0.00 115
2019-08-01 $89,900 (5.8%) $127,685 (7.5%) 0.00 119
2019-09-01 $89,800 (8.3%) $124,754 (3.4%) 0.00 120
2019-10-01 $88,500 (5.4%) $119,397 (1.1%) 0.00 131
2019-11-01 $84,900 (0.0%) $116,399 (-0.9%) 0.00 123
2019-12-01 $82,500 (-2.8%) $118,098 (1.4%) 0.00 119
2020-01-01 $80,900 (-3.6%) $121,685 (2.3%) 0.00 114
2020-02-01 $79,900 (-5.9%) $114,265 (-4.5%) 0.00 119
2020-03-01 $72,200 (-18.3%) $109,228 (-10.1%) 0.00 113
2020-04-01 $75,000 (-18.9%) $112,425 (-9.6%) 0.00 106
2020-05-01 $79,500 (-12.4%) $119,118 (-10.5%) 0.00 104
2020-06-01 $78,200 (-13.0%) $126,129 (-2.2%) 0.00 89
2020-07-01 $82,900 (-7.8%) $112,931 (-12.3%) 0.00 82
2020-08-01 $87,777 (-2.4%) $118,505 (-7.2%) 0.00 90
2020-09-01 $107,500 (19.7%) $129,583 (3.9%) 0.00 85
2020-10-01 $107,500 (21.5%) $134,437 (12.6%) 0.00 78
2020-11-01 $109,950 (29.5%) $137,494 (18.1%) 0.00 83
2020-12-01 $109,900 (33.2%) $138,381 (17.2%) 0.00 62
2021-01-01 $103,000 (27.3%) $136,993 (12.6%) 0.00 58
2021-02-01 $83,700 (4.8%) $123,100 (7.7%) 0.00 57
2021-03-01 $84,700 (17.3%) $134,026 (22.7%) 0.00 55
2021-04-01 $82,000 (9.3%) $154,937 (37.8%) 0.00 59
2021-05-01 $84,500 (6.3%) $129,682 (8.9%) 0.00 57
2021-06-01 $79,700 (1.9%) $122,644 (-2.8%) 0.00 62
2021-07-01 $79,900 (-3.6%) $127,745 (13.1%) 0.00 60
2021-08-01 $93,250 (6.2%) $141,833 (19.7%) 0.00 59
2021-09-01 $84,500 (-21.4%) $136,278 (5.2%) 0.00 62
2021-10-01 $84,900 (-21.0%) $144,152 (7.2%) 0.00 62
2021-11-01 $90,000 (-18.1%) $159,159 (15.8%) 0.00 64
2021-12-01 $77,000 (-29.9%) $141,198 (2.0%) 0.00 71
2022-01-01 $82,000 (-20.4%) $144,697 (5.6%) 0.00 67
2022-02-01 $80,500 (-3.8%) $151,295 (22.9%) 0.00 49
2022-03-01 $79,250 (-6.4%) $137,741 (2.8%) 0.00 58
2022-04-01 $79,900 (-2.6%) $124,696 (-19.5%) 0.00 65
2022-05-01 $85,500 (1.2%) $114,289 (-11.9%) 0.00 61
Miami's median listing price for 2022-05-01 was $85,500, a difference of $1,000 (1.2%) versus the prior year and $5,600 versus the prior month.

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

Miami's average listing price for 2022-05-01 was $114,289, a difference of $-15,393 (-11.9%) versus the prior year and $-10,407 versus the prior month.

For the 2022-05-01 period, Miami had 61 MLS listings, a difference of -4 listings (-6%) versus the prior month and 4 listings (7%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Miami (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,408 sqft
2018-02-01 0 days 1,398 sqft
2018-03-01 0 days 1,440 sqft
2018-04-01 0 days 1,407 sqft
2018-05-01 0 days 1,436 sqft
2018-06-01 0 days 1,491 sqft
2018-07-01 0 days 1,508 sqft
2018-08-01 0 days 1,511 sqft
2018-09-01 0 days 1,562 sqft
2018-10-01 0 days 1,520 sqft
2018-11-01 0 days 1,514 sqft
2018-12-01 0 days 1,514 sqft
2019-01-01 0 days 1,464 sqft
2019-02-01 0 days 1,543 sqft
2019-03-01 0 days 1,591 sqft
2019-04-01 0 days 1,584 sqft
2019-05-01 0 days 1,634 sqft
2019-06-01 0 days 1,628 sqft
2019-07-01 0 days 1,607 sqft
2019-08-01 0 days 1,607 sqft
2019-09-01 0 days 1,600 sqft
2019-10-01 0 days 1,556 sqft
2019-11-01 0 days 1,491 sqft
2019-12-01 0 days 1,472 sqft
2020-01-01 0 days 1,440 sqft
2020-02-01 0 days 1,381 sqft
2020-03-01 0 days 1,347 sqft
2020-04-01 0 days 1,404 sqft
2020-05-01 0 days 1,430 sqft
2020-06-01 0 days 1,449 sqft
2020-07-01 0 days 1,420 sqft
2020-08-01 0 days 1,534 sqft
2020-09-01 0 days 1,606 sqft
2020-10-01 0 days 1,613 sqft
2020-11-01 0 days 1,696 sqft
2020-12-01 0 days 1,637 sqft
2021-01-01 0 days 1,526 sqft
2021-02-01 0 days 1,407 sqft
2021-03-01 0 days 1,442 sqft
2021-04-01 0 days 1,404 sqft
2021-05-01 0 days 1,344 sqft
2021-06-01 0 days 1,295 sqft
2021-07-01 0 days 1,350 sqft
2021-08-01 0 days 1,432 sqft
2021-09-01 0 days 1,353 sqft
2021-10-01 0 days 1,354 sqft
2021-11-01 0 days 1,440 sqft
2021-12-01 0 days 1,392 sqft
2022-01-01 0 days 1,430 sqft
2022-02-01 0 days 1,432 sqft
2022-03-01 0 days 1,352 sqft
2022-04-01 0 days 1,350 sqft
2022-05-01 0 days 1,346 sqft
Miami's median listing age (time on market) for 2022-05-01 was 0 days.

Miami's median square footage for active listings during the 2022-05-01 period was 1,346 sqft. One year prior, the average listing was 1,344 sqft.