Middlesborough 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 Middlesborough averaged 7.22% 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 7.49% and one month ago for the week of 2023-10-26, the average rate was 7.69%.

    Middlesborough's average rate one year ago was 6.78%.

    For refis of the same type during the week of 2023-11-30, the average rate was 7.82%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-30 7.22%
    Middlesborough 30 Year Fixed Rate 2023-11-30 7.22%
    Middlesborough 30 Year Fixed Rate Refi 2023-11-30 7.82%
    Middlesborough 15 Year Fixed Rate 2023-11-30 6.66%
    Middlesborough 15 Year Fixed Rate Refi 2023-11-30 6.56%
    Middlesborough 30 Year FHA 2023-11-30 7.05%
    Middlesborough 30 Year FHA Refi 2023-11-30 6.85%
    Middlesborough 30 Year USDA 2023-11-30 7%
    Middlesborough 30 Year USDA Refi 2023-11-30 7.1%
    Middlesborough 30 Year VA 2023-11-30 6.77%
    Middlesborough 30 Year VA Refi 2023-11-30 6.77%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Middlesborough, KY.

    Middlesborough 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 Middlesborough, KY 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
    Commercial Bank 9 4.72% $1,700
    Citizens Bank 6 4.75% $2,686
    QUICKEN LOANS, LLC 5 5.88% $4,922
    Community Trust Bank, Inc. 3 5.08% $2,324
    TOP FLITE FINANCIAL, INC. 2 5.31% $4,211
    EASTMAN 2 4.81% $5,836
    FREEDOM MORTGAGE CORPORATION 2 5.63% $3,791
    L & N Federal Credit Union 2 4.81% $2,145
    Mortgage Research Center, LLC 2 5.38% $2,278
    JPMorgan Chase Bank 1 2.88% $4,496
    The Monticello Banking Company 1 3.38% $1,937
    Abound Federal Credit Union 1 3.38% $2,360
    MOVEMENT MORTGAGE, LLC 1 3.94% $4,380
    Mr. Cooper ( Nationstar Mortgage ) 1 5.13% $4,168
    Nations Lending Corporation 1 7.13% $3,354
    PENNYMAC LOAN SERVICES, LLC 1 4.50% $4,953
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 3.63% $2,895
    Citibank 1 3.63% $2,906
    CARDINAL FINANCIAL 1 5.99% $6,032
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.63% $2,659
    STOCKTON MORTGAGE CORPORATION 1 5.13% $3,961

    Middlesborough Average Closing Costs & Other Stats

    Middlesborough, KY's 21 lenders originated 249 loans during 2022. The total origination value was $32,225,000, with an average loan value of $129,418.

    Middlesborough's average closing costs are $4,247.

    The top Middlesborough lender as defined by loan originations is Commercial Bank, with 9 loans originated. Their average total fees are $1,700, which is $986 lower than the next largest lender, Citizens Bank.

    The lowest fee Middlesborough lenders (with over 10 loans originated) are .

    The lowest rate Middlesborough lenders (with over 10 loans originated) are .

    Middlesborough, KY 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
    Home Federal Bank Corporation $4,870,000 $6,275,000 28.9% 19.5%
    First State Bank of the Southeast, Inc. $5,190,000 $4,700,000 -9.4% 14.6%
    QUICKEN LOANS, LLC $2,780,000 $2,355,000 -15.3% 7.3%
    Community Trust Bank, Inc. $3,165,000 $1,565,000 -50.6% 4.9%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,950,000 $1,530,000 -21.5% 4.7%
    Commercial Bank $2,690,000 $1,460,000 -45.7% 4.5%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,265,000 $1,460,000 15.4% 4.5%
    Citizens Bank $2,100,000 $1,440,000 -31.4% 4.5%
    TOP FLITE FINANCIAL, INC. $1,825,000 $1,285,000 -29.6% 4.0%
    MORTGAGE INVESTORS GROUP, INC. $1,315,000 $1,165,000 -11.4% 3.6%
    FREEDOM MORTGAGE CORPORATION $1,860,000 $965,000 -48.1% 3.0%
    Mortgage Research Center, LLC $580,000 $725,000 25.0% 2.2%
    EASTMAN $530,000 n/a 1.6%
    PENTAGON FEDERAL CREDIT UNION $445,000 n/a 1.4%
    HOMESIDE FINANCIAL, LLC $370,000 n/a 1.1%
    Citizens Bank $2,100,000 $325,000 -84.5% 1.0%
    JPMorgan Chase Bank $305,000 n/a 0.9%
    The Monticello Banking Company $115,000 $295,000 156.5% 0.9%
    DAS Acquisition Company, LLC $285,000 n/a 0.9%
    L & N Federal Credit Union $400,000 $255,000 -36.3% 0.8%
    PROVIDENT FUNDING ASSOCIATES, L.P. $255,000 n/a 0.8%
    The Federal Savings Bank $245,000 n/a 0.8%
    21ST MORTGAGE CORPORATION $375,000 $235,000 -37.3% 0.7%
    AMCAP MORTGAGE, LTD. $85,000 $220,000 158.8% 0.7%
    NAVY FEDERAL CREDIT UNION $155,000 $200,000 29.0% 0.6%
    Abound Federal Credit Union $195,000 n/a 0.6%
    FirstBank $200,000 $190,000 -5.0% 0.6%
    EVERETT FINANCIAL, INC. $185,000 n/a 0.6%
    GENEVA FINANCIAL, LLC $185,000 n/a 0.6%
    STOCKTON MORTGAGE CORPORATION $105,000 $185,000 76.2% 0.6%
    PENNYMAC LOAN SERVICES, LLC $95,000 $175,000 84.2% 0.5%
    ENVOY MORTGAGE, LTD $155,000 n/a 0.5%
    First Option Mortgage, LLC $545,000 $155,000 -71.6% 0.5%
    PLAZA HOME MORTGAGE, INC. $155,000 n/a 0.5%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $330,000 $145,000 -56.1% 0.4%
    Carrington Mortgage Services, LLC $115,000 $145,000 26.1% 0.4%
    Gateway First Bank $145,000 n/a 0.4%
    POLARIS HOME FUNDING CORP. $175,000 $145,000 -17.1% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $380,000 $140,000 -63.2% 0.4%
    Hometown Lenders, Inc. $135,000 $135,000 0.0% 0.4%
    Powell Valley National Bank $135,000 $125,000 -7.4% 0.4%
    CREDIT HUMAN FEDERAL CREDIT UNION $45,000 $105,000 133.3% 0.3%
    Nations Lending Corporation $95,000 n/a 0.3%
    Farmers and Miners Bank $85,000 n/a 0.3%
    NEW DAY FINANCIAL, LLC $220,000 $75,000 -65.9% 0.2%
    Wells Fargo Bank $125,000 $75,000 -40.0% 0.2%
    PLANET HOME LENDING, LLC $65,000 n/a 0.2%
    Citibank $95,000 $55,000 -42.1% 0.2%
    MORTGAGE SUPPLIERS, INC. $470,000 $55,000 -88.3% 0.2%
    MOVEMENT MORTGAGE, LLC $430,000 $55,000 -87.2% 0.2%
    PNC Bank $55,000 $55,000 0.0% 0.2%
    COMMONWEALTH $455,000 $30,000 -93.4% 0.1%
    Home Loan Investment Bank, F.S.B. $25,000 n/a 0.1%

    Middlesborough's top lender by overall market share is Home Federal Bank Corporation, with 19.5% market share. In second place, with 14.6%, is First State Bank of the Southeast, Inc., having originated $4,700,000 in loans. In third place, with 7.3%, is QUICKEN LOANS, LLC, having originated $2,355,000 in loans. In fourth place, with 4.9%, is Community Trust Bank, Inc., having originated $1,565,000 in loans. In fifth place, with 4.7%, is CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP, having originated $1,530,000 in loans.

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

    Realtor.com - Middlesborough (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 $95,100 (5.8%) $117,048 (5.0%) 0.00 81
    2018-02-01 $92,325 (2.7%) $116,313 (5.8%) 0.00 79
    2018-03-01 $95,000 (5.7%) $120,508 (10.2%) 0.00 92
    2018-04-01 $97,550 (8.5%) $120,761 (12.0%) 0.00 100
    2018-05-01 $97,900 (15.4%) $125,500 (19.7%) 0.00 98
    2018-06-01 $101,200 (6.1%) $123,943 (11.8%) 0.00 97
    2018-07-01 $93,425 (4.4%) $120,389 (8.4%) 0.00 99
    2018-08-01 $92,725 (10.4%) $118,198 (9.4%) 0.00 108
    2018-09-01 $99,900 (13.5%) $123,030 (12.1%) 0.00 104
    2018-10-01 $95,450 (6.1%) $121,322 (7.1%) 0.00 98
    2018-11-01 $89,000 (-3.1%) $115,872 (1.0%) 0.00 94
    2018-12-01 $89,700 (-3.0%) $123,057 (6.6%) 0.00 89
    2019-01-01 $89,600 (-5.8%) $122,988 (5.1%) 0.00 84
    2019-02-01 $89,000 (-3.6%) $119,162 (2.5%) 0.00 88
    2019-03-01 $93,500 (-1.6%) $120,193 (-0.3%) 0.00 90
    2019-04-01 $99,600 (2.1%) $125,460 (3.9%) 0.00 91
    2019-05-01 $107,675 (10.0%) $128,993 (2.8%) 0.00 93
    2019-06-01 $112,450 (11.1%) $128,650 (3.8%) 0.00 102
    2019-07-01 $121,100 (29.6%) $131,059 (8.9%) 0.00 105
    2019-08-01 $122,736 (32.4%) $130,192 (10.2%) 0.00 104
    2019-09-01 $122,716 (22.8%) $128,393 (4.4%) 0.00 103
    2019-10-01 $123,802 (29.7%) $129,056 (6.4%) 0.00 102
    2019-11-01 $124,000 (39.3%) $127,508 (10.0%) 0.00 94
    2019-12-01 $124,900 (39.2%) $127,140 (3.3%) 0.00 91
    2020-01-01 $124,900 (39.4%) $126,540 (2.9%) 0.00 84
    2020-02-01 $124,900 (40.3%) $128,891 (8.2%) 0.00 76
    2020-03-01 $127,000 (35.8%) $138,029 (14.8%) 0.00 74
    2020-04-01 $124,900 (25.4%) $138,757 (10.6%) 0.00 64
    2020-05-01 $125,000 (16.1%) $138,743 (7.6%) 0.00 60
    2020-06-01 $137,450 (22.2%) $146,551 (13.9%) 0.00 52
    2020-07-01 $135,750 (12.1%) $143,378 (9.4%) 0.00 38
    2020-08-01 $132,000 (7.6%) $131,434 (1.0%) 0.00 46
    2020-09-01 $126,475 (3.1%) $134,961 (5.1%) 0.00 47
    2020-10-01 $112,450 (-9.2%) $134,083 (3.9%) 0.00 46
    2020-11-01 $117,188 (-5.5%) $132,024 (3.5%) 0.00 47
    2020-12-01 $124,063 (-0.7%) $145,473 (14.4%) 0.00 39
    2021-01-01 $115,000 (-7.9%) $139,291 (10.1%) 0.00 38
    2021-02-01 $96,225 (-23.0%) $139,471 (8.2%) 0.00 39
    2021-03-01 $92,675 (-27.0%) $132,798 (-3.8%) 0.00 43
    2021-04-01 $96,900 (-22.4%) $133,597 (-3.7%) 0.00 37
    2021-05-01 $112,450 (-10.0%) $139,726 (0.7%) 0.00 36
    2021-06-01 $125,000 (-9.1%) $141,498 (-3.5%) 0.00 40
    2021-07-01 $115,000 (-15.3%) $139,185 (-2.9%) 0.00 43
    2021-08-01 $97,950 (-25.8%) $128,528 (-2.2%) 0.00 41
    2021-09-01 $97,425 (-23.0%) $123,527 (-8.5%) 0.00 42
    2021-10-01 $99,450 (-11.6%) $132,985 (-0.8%) 0.00 37
    2021-11-01 $113,750 (-2.9%) $141,984 (7.5%) 0.00 41
    2021-12-01 $117,475 (-5.3%) $141,138 (-3.0%) 0.00 42
    2022-01-01 $119,950 (4.3%) $156,538 (12.4%) 0.00 34
    2022-02-01 $136,000 (41.3%) $164,867 (18.2%) 0.00 29
    2022-03-01 $131,925 (42.4%) $186,522 (40.5%) 0.00 29
    2022-04-01 $122,500 (26.4%) $175,824 (31.6%) 0.00 33
    2022-05-01 $119,500 (6.3%) $172,898 (23.7%) 0.00 42
    2022-06-01 $119,500 (-4.4%) $181,471 (28.3%) 0.00 45
    2022-07-01 $133,000 (15.7%) $182,078 (30.8%) 0.00 48
    2022-08-01 $138,163 (41.1%) $195,614 (52.2%) 0.00 45
    2022-09-01 $139,900 (43.6%) $201,868 (63.4%) 0.00 51
    2022-10-01 $135,000 (35.8%) $191,211 (43.8%) 0.00 43
    2022-11-01 $133,000 (16.9%) $194,182 (36.8%) 0.00 42
    2022-12-01 $124,750 (6.2%) $190,479 (35.0%) 0.00 33
    2023-01-01 $120,999 (0.9%) $179,200 (14.5%) 0.00 41
    2023-02-01 $130,650 (-3.9%) $182,964 (11.0%) 0.00 43
    2023-03-01 $127,250 (-3.5%) $170,179 (-8.8%) 0.00 44
    2023-04-01 $122,000 (-0.4%) $168,534 (-4.2%) 0.00 45
    2023-05-01 $147,450 (23.4%) $182,570 (5.6%) 0.00 43
    2023-06-01 $148,750 (24.5%) $178,061 (-1.9%) 0.00 45
    2023-07-01 $150,000 (12.8%) $183,855 (1.0%) 0.00 48
    2023-08-01 $159,500 (15.4%) $190,158 (-2.8%) 0.00 49
    2023-09-01 $139,900 (0.0%) $172,531 (-14.5%) 0.00 48
    2023-10-01 $149,500 (10.7%) $179,646 (-6.1%) 0.00 50
    2023-11-01 $158,450 (19.1%) $189,522 (-2.4%) 0.00 47
    Middlesborough's median listing price for 2023-11-01 was $158,450, a difference of $25,450 (19.1%) versus the prior year and $8,950 versus the prior month.

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

    Middlesborough's average listing price for 2023-11-01 was $189,522, a difference of $-4,660 (-2.4%) versus the prior year and $9,876 versus the prior month.

    For the 2023-11-01 period, Middlesborough had 47 MLS listings, a difference of -3 listings (-6%) versus the prior month and 5 listings (12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Middlesborough (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,540 sqft
    2018-02-01 0 days 1,436 sqft
    2018-03-01 0 days 1,456 sqft
    2018-04-01 0 days 1,457 sqft
    2018-05-01 0 days 1,456 sqft
    2018-06-01 0 days 1,510 sqft
    2018-07-01 0 days 1,502 sqft
    2018-08-01 0 days 1,463 sqft
    2018-09-01 0 days 1,538 sqft
    2018-10-01 0 days 1,504 sqft
    2018-11-01 0 days 1,503 sqft
    2018-12-01 0 days 1,525 sqft
    2019-01-01 0 days 1,540 sqft
    2019-02-01 0 days 1,505 sqft
    2019-03-01 0 days 1,519 sqft
    2019-04-01 0 days 1,549 sqft
    2019-05-01 0 days 1,598 sqft
    2019-06-01 0 days 1,568 sqft
    2019-07-01 0 days 1,611 sqft
    2019-08-01 0 days 1,602 sqft
    2019-09-01 0 days 1,573 sqft
    2019-10-01 0 days 1,576 sqft
    2019-11-01 0 days 1,582 sqft
    2019-12-01 0 days 1,603 sqft
    2020-01-01 0 days 1,596 sqft
    2020-02-01 0 days 1,605 sqft
    2020-03-01 0 days 1,668 sqft
    2020-04-01 0 days 1,572 sqft
    2020-05-01 0 days 1,621 sqft
    2020-06-01 0 days 1,617 sqft
    2020-07-01 0 days 1,623 sqft
    2020-08-01 0 days 1,690 sqft
    2020-09-01 0 days 1,796 sqft
    2020-10-01 0 days 1,800 sqft
    2020-11-01 0 days 1,800 sqft
    2020-12-01 0 days 1,800 sqft
    2021-01-01 0 days 1,800 sqft
    2021-02-01 0 days 1,617 sqft
    2021-03-01 0 days 1,500 sqft
    2021-04-01 0 days 1,411 sqft
    2021-05-01 0 days 1,740 sqft
    2021-06-01 0 days 1,690 sqft
    2021-07-01 0 days 1,658 sqft
    2021-08-01 0 days 1,617 sqft
    2021-09-01 0 days 1,326 sqft
    2021-10-01 0 days 1,360 sqft
    2021-11-01 0 days 1,276 sqft
    2021-12-01 0 days 1,312 sqft
    2022-01-01 0 days 1,312 sqft
    2022-02-01 0 days 1,410 sqft
    2022-03-01 0 days 1,416 sqft
    2022-04-01 0 days 1,405 sqft
    2022-05-01 0 days 1,419 sqft
    2022-06-01 0 days 1,381 sqft
    2022-07-01 0 days 1,385 sqft
    2022-08-01 0 days 1,383 sqft
    2022-09-01 0 days 1,400 sqft
    2022-10-01 0 days 1,432 sqft
    2022-11-01 0 days 1,689 sqft
    2022-12-01 0 days 1,595 sqft
    2023-01-01 0 days 1,410 sqft
    2023-02-01 0 days 1,390 sqft
    2023-03-01 0 days 1,403 sqft
    2023-04-01 0 days 1,400 sqft
    2023-05-01 0 days 1,475 sqft
    2023-06-01 0 days 1,460 sqft
    2023-07-01 0 days 1,475 sqft
    2023-08-01 0 days 1,472 sqft
    2023-09-01 0 days 1,404 sqft
    2023-10-01 0 days 1,422 sqft
    2023-11-01 0 days 1,444 sqft
    Middlesborough's median listing age (time on market) for 2023-11-01 was 0 days.

    Middlesborough's median square footage for active listings during the 2023-11-01 period was 1,444 sqft. One year prior, the average listing was 1,689 sqft.

    Middlesborough, KY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 157 $21,485,000 $136,847
    Refi 48 $6,390,000 $133,125
    Cash Out Refi 18 $2,740,000 $152,222
    Home Improvement 14 $1,020,000 $72,857
    Other 12 $590,000 $49,167

    Middlesborough's most frequently cited loan purpose was Home Purchase, with 157 originations. The 2nd most popular reason was Refi, with 48 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    4-5% 48 $5,960,000 $124,167
    3-4% 38 $5,410,000 $142,368
    5-6% 36 $4,240,000 $117,778
    6-7% 18 $2,140,000 $118,889
    Over 8% 11 $915,000 $83,182
    7-8% 10 $1,260,000 $126,000
    2.5-3% 4 $690,000 $172,500
    <2.5% 2 $100,000 $50,000

    During 2022, Middlesborough's most frequently originated rate bucket was 4-5%, with 48 originations.

    Loan Sizing (Middlesborough, KY MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 111 $6,635,000 $59,775
    $100k-200k 104 $14,790,000 $142,212
    $200k-400k 29 $7,705,000 $265,690
    $400k-600k 3 $1,375,000 $458,333
    $600k-1000k 2 $1,720,000 $860,000

    Middlesborough's loan sizing saw the bucket of loans from $100,000 or less with 111 originations, totaling $6,635,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 97 $13,795,000 $142,216
    60-80% 32 $4,040,000 $126,250
    40-60% 15 $1,355,000 $90,333
    20-40% 13 $905,000 $69,615
    Under 20% 6 $100,000 $16,667
    Over 100% 2 $390,000 $195,000

    Middlesborough's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 97 originations, totaling $13,795,000 in origination value.