Middlesborough Mortgage Rates

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

30 Year Fixed Rate mortgages in Middlesborough averaged 6.26% 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 6.23% and one month ago for the week of 2022-05-19, the average rate was 5.8%.

Middlesborough's average rate one year ago was 3.52%.

For refis of the same type during the week of 2022-06-23, the average rate was 6.3%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Middlesborough 30 Year Fixed Rate 2022-06-23 6.26%
Middlesborough 30 Year Fixed Rate Refi 2022-06-23 6.3%
Middlesborough 15 Year Fixed Rate 2022-06-23 6.16%
Middlesborough 15 Year Fixed Rate Refi 2022-06-23 5%
Middlesborough 30 Year FHA 2022-06-23 0.46%
Middlesborough 30 Year FHA Refi 2022-06-23 0.35%
Middlesborough 30 Year USDA 2022-06-23 0.19%
Middlesborough 30 Year USDA Refi 2022-06-23 0.42%
Middlesborough 30 Year VA 2022-06-23 0.02%
Middlesborough 30 Year VA Refi 2022-06-23 -0.27%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Commercial Bank 16 3.96% $1,910
QUICKEN LOANS, LLC 8 3.09% $4,185
Citizens Bank 6 2.73% $2,584
Community Trust Bank, Inc. 3 3.04% $1,980
The Huntington National Bank 3 3.08% $2,551
LOANDEPOT.COM, LLC 3 3.17% $3,542
MOVEMENT MORTGAGE, LLC 2 2.94% $3,526
L & N Federal Credit Union 1 4.00% $1,924
Mr. Cooper ( Nationstar Mortgage ) 1 4.75% $3,719
NAVY FEDERAL CREDIT UNION 1 3.88% $7,103
PENNYMAC LOAN SERVICES, LLC 1 3.25% $4,905
POLARIS HOME FUNDING CORP. 1 3.25% $3,419
ROYAL UNITED MORTGAGE LLC 1 3.63% $4,445
STOCKTON MORTGAGE CORPORATION 1 3.25% $3,266
The Monticello Banking Company 1 3.50% $2,572
Third Federal Savings and Loan Association of Cleveland 1 3.09% $295
TOP FLITE FINANCIAL, INC. 1 3.63% $3,811
AMERISAVE MORTGAGE CORPORATION 1 2.75% $5,035
U.S. Bank 1 3.38% $3,998
Bank of America 1 2.88% $2,379
BROKER SOLUTIONS, INC. 1 3.24% $6,888
CALIBER HOME LOANS, INC. 1 3.05% $2,319
Fifth Third Bank 1 3.63% $2,696
First Option Mortgage, LLC 1 3.25% $3,459
FREEDOM MORTGAGE CORPORATION 1 3.38% $1,410

Middlesborough, KY's 25 lenders originated 348 loans during 2021. The total origination value was $39,820,000, with an average loan value of $114,425.

The top Middlesborough lender as defined by loan originations is Commercial Bank, with 16 loans originated. Their average total fees are $1,910, which is $2,275 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Middlesborough lenders (with over 10 loans originated) are Commercial Bank ($1,910), .

The lowest rate Middlesborough lenders (with over 10 loans originated) are Commercial Bank (3.96%), .

Middlesborough, KY 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
First State Bank of the Southeast, Inc. $3,390,000 $5,190,000 53.1% 13.0%
Home Federal Bank Corporation $3,060,000 $4,870,000 59.2% 12.2%
Community Trust Bank, Inc. $5,470,000 $3,165,000 -42.1% 7.9%
QUICKEN LOANS, LLC $3,555,000 $2,780,000 -21.8% 7.0%
Commercial Bank $2,470,000 $2,690,000 8.9% 6.8%
Citizens Bank $1,170,000 $2,100,000 79.5% 5.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $460,000 $1,950,000 323.9% 4.9%
FREEDOM MORTGAGE CORPORATION $995,000 $1,860,000 86.9% 4.7%
TOP FLITE FINANCIAL, INC. $2,840,000 $1,825,000 -35.7% 4.6%
MORTGAGE INVESTORS GROUP, INC. $940,000 $1,315,000 39.9% 3.3%
VANDERBILT MORTGAGE AND FINANCE, INC. $800,000 $1,265,000 58.1% 3.2%
LOANDEPOT.COM, LLC $290,000 $670,000 131.0% 1.7%
Mortgage Research Center, LLC $640,000 $580,000 -9.4% 1.5%
First Option Mortgage, LLC $135,000 $545,000 303.7% 1.4%
CALIBER HOME LOANS, INC. $165,000 $515,000 212.1% 1.3%
MORTGAGE SUPPLIERS, INC. $445,000 $470,000 5.6% 1.2%
COMMONWEALTH $280,000 $455,000 62.5% 1.1%
MOVEMENT MORTGAGE, LLC $430,000 n/a 1.1%
L & N Federal Credit Union $720,000 $400,000 -44.4% 1.0%
The Huntington National Bank $385,000 n/a 1.0%
Mr. Cooper ( Nationstar Mortgage ) $135,000 $380,000 181.5% 1.0%
21ST MORTGAGE CORPORATION $345,000 $375,000 8.7% 0.9%
AMERISAVE MORTGAGE CORPORATION $250,000 $375,000 50.0% 0.9%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $155,000 $330,000 112.9% 0.8%
NEW DAY FINANCIAL, LLC $405,000 $220,000 -45.7% 0.6%
Barrington Bank & Trust Company, N.A. $200,000 n/a 0.5%
FirstBank $250,000 $200,000 -20.0% 0.5%
Bank of England $195,000 n/a 0.5%
ROYAL UNITED MORTGAGE LLC $105,000 $190,000 81.0% 0.5%
MORTGAGE SOLUTIONS OF COLORADO, LLC $250,000 $185,000 -26.0% 0.5%
POLARIS HOME FUNDING CORP. $175,000 n/a 0.4%
RELIANCE FIRST CAPITAL, LLC $175,000 n/a 0.4%
SOUTHPOINT FINANCIAL SERVICES, INC. $175,000 n/a 0.4%
AMERICAN FINANCIAL RESOURCES, INC. $200,000 $170,000 -15.0% 0.4%
Fifth Third Bank $165,000 n/a 0.4%
BROKER SOLUTIONS, INC. $155,000 n/a 0.4%
LAKEVIEW LOAN SERVICING, LLC $165,000 $155,000 -6.1% 0.4%
NAVY FEDERAL CREDIT UNION $155,000 n/a 0.4%
NEWREZ LLC $150,000 n/a 0.4%
U.S. Bank $45,000 $145,000 222.2% 0.4%
VILLAGE CAPITAL & INVESTMENT LLC $660,000 $145,000 -78.0% 0.4%
Bank of America $135,000 n/a 0.3%
GoPrime Mortgage, Inc. $85,000 $135,000 58.8% 0.3%
Hometown Lenders, Inc. $155,000 $135,000 -12.9% 0.3%
Powell Valley National Bank $135,000 n/a 0.3%
Third Federal Savings and Loan Association of Cleveland $135,000 n/a 0.3%
Wells Fargo Bank $460,000 $125,000 -72.8% 0.3%
Carrington Mortgage Services, LLC $105,000 $115,000 9.5% 0.3%
The Monticello Banking Company $115,000 n/a 0.3%
Goldwater Bank, N.A. $105,000 n/a 0.3%
Paramount Residential Mortgage Group, Inc. $105,000 n/a 0.3%
STOCKTON MORTGAGE CORPORATION $185,000 $105,000 -43.2% 0.3%
Citibank $95,000 n/a 0.2%
HOME POINT FINANCIAL CORPORATION $95,000 n/a 0.2%
PENNYMAC LOAN SERVICES, LLC $95,000 n/a 0.2%
AMCAP MORTGAGE, LTD. $85,000 n/a 0.2%
BAYSHORE MORTGAGE FUNDING, LLC $75,000 n/a 0.2%
PNC Bank $115,000 $55,000 -52.2% 0.1%
Truist Bank $55,000 n/a 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $45,000 n/a 0.1%

Middlesborough's top lender by overall market share is First State Bank of the Southeast, Inc., with 13.0% market share. In second place, with 12.2%, is Home Federal Bank Corporation, having originated $4,870,000 in loans. In third place, with 7.9%, is Community Trust Bank, Inc., having originated $3,165,000 in loans. In third place, with 7.0%, is QUICKEN LOANS, LLC, having originated $2,780,000 in loans. In third place, with 6.8%, is Commercial Bank, having originated $2,690,000 in loans.


Middlesborough, KY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 189 $21,635,000 $114,471
Refi 98 $11,700,000 $119,388
Cash Out Refi 44 $5,330,000 $121,136
Other 11 $925,000 $84,091
Home Improvement 6 $230,000 $38,333

Middlesborough's most frequently cited loan purpose was Home Purchase, with 189 originations. The 2nd most popular reason was Refi, with 98 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 109 $12,025,000 $110,321
2.5-3% 63 $8,795,000 $139,603
<2.5% 37 $4,885,000 $132,027
4-5% 20 $1,920,000 $96,000
Over 8% 13 $795,000 $61,154
6-7% 9 $675,000 $75,000
7-8% 6 $530,000 $88,333

During 2021, Middlesborough's most frequently originated rate bucket was 3-4%, with 109 originations.

Loan Sizing (Middlesborough, KY MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 165 $10,125,000 $61,364
$100k-200k 148 $20,490,000 $138,446
$200k-400k 34 $8,740,000 $257,059
$400k-600k 1 $465,000 $465,000

Middlesborough's loan sizing saw the bucket of loans from $100,000 or less with 165 originations, totaling $10,125,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 129 $15,395,000 $119,341
60-80% 71 $9,005,000 $126,831
20-40% 15 $735,000 $49,000
40-60% 15 $1,135,000 $75,667
Under 20% 6 $190,000 $31,667
Over 100% 5 $725,000 $145,000

Middlesborough's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 129 originations, totaling $15,395,000 in origination value.


Market Conditions (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 $95,000 (5.7%) $116,860 (5.1%) 0.00 92
2018-02-01 $92,000 (2.3%) $115,870 (5.4%) 0.00 80
2018-03-01 $92,500 (2.9%) $119,819 (9.3%) 0.00 93
2018-04-01 $97,450 (8.4%) $119,454 (9.9%) 0.00 101
2018-05-01 $97,900 (12.1%) $125,500 (19.7%) 0.00 98
2018-06-01 $99,900 (7.8%) $123,712 (12.1%) 0.00 96
2018-07-01 $92,900 (4.4%) $119,390 (8.2%) 0.00 99
2018-08-01 $91,500 (7.7%) $117,373 (8.8%) 0.00 108
2018-09-01 $99,900 (12.3%) $121,679 (10.1%) 0.00 105
2018-10-01 $93,450 (3.8%) $120,309 (5.2%) 0.00 98
2018-11-01 $89,000 (-5.0%) $114,857 (-0.5%) 0.00 95
2018-12-01 $89,500 (-5.8%) $122,390 (6.1%) 0.00 88
2019-01-01 $89,700 (-5.6%) $124,133 (6.2%) 0.00 85
2019-02-01 $89,000 (-3.3%) $118,600 (2.4%) 0.00 90
2019-03-01 $93,500 (1.1%) $119,583 (-0.2%) 0.00 92
2019-04-01 $99,500 (2.1%) $123,889 (3.7%) 0.00 93
2019-05-01 $104,900 (7.2%) $127,455 (1.6%) 0.00 93
2019-06-01 $109,900 (10.0%) $126,610 (2.3%) 0.00 103
2019-07-01 $120,700 (29.9%) $129,722 (8.7%) 0.00 107
2019-08-01 $124,000 (35.5%) $129,404 (10.3%) 0.00 107
2019-09-01 $124,000 (24.1%) $128,460 (5.6%) 0.00 112
2019-10-01 $124,900 (33.7%) $129,999 (8.1%) 0.00 103
2019-11-01 $124,900 (40.3%) $127,317 (10.9%) 0.00 95
2019-12-01 $124,900 (39.6%) $125,972 (2.9%) 0.00 91
2020-01-01 $124,900 (39.2%) $125,868 (1.4%) 0.00 84
2020-02-01 $124,900 (40.3%) $127,507 (7.5%) 0.00 75
2020-03-01 $125,000 (33.7%) $138,294 (15.7%) 0.00 73
2020-04-01 $124,900 (25.5%) $137,155 (10.7%) 0.00 64
2020-05-01 $125,000 (19.2%) $138,743 (8.9%) 0.00 58
2020-06-01 $142,000 (29.2%) $146,101 (15.4%) 0.00 50
2020-07-01 $139,900 (15.9%) $144,978 (11.8%) 0.00 36
2020-08-01 $134,900 (8.8%) $132,486 (2.4%) 0.00 44
2020-09-01 $132,400 (6.8%) $136,294 (6.1%) 0.00 45
2020-10-01 $124,900 (0.0%) $141,304 (8.7%) 0.00 45
2020-11-01 $120,500 (-3.5%) $134,604 (5.7%) 0.00 54
2020-12-01 $125,000 (0.1%) $146,326 (16.2%) 0.00 48
2021-01-01 $115,000 (-7.9%) $140,678 (11.8%) 0.00 47
2021-02-01 $115,000 (-7.9%) $147,604 (15.8%) 0.00 49
2021-03-01 $109,900 (-12.1%) $146,354 (5.8%) 0.00 52
2021-04-01 $109,900 (-12.0%) $145,672 (6.2%) 0.00 45
2021-05-01 $115,000 (-8.0%) $156,482 (12.8%) 0.00 42
2021-06-01 $125,000 (-12.0%) $154,405 (5.7%) 0.00 47
2021-07-01 $115,000 (-17.8%) $149,832 (3.4%) 0.00 52
2021-08-01 $97,950 (-27.4%) $137,368 (3.7%) 0.00 49
2021-09-01 $99,000 (-25.2%) $132,061 (-3.1%) 0.00 49
2021-10-01 $99,000 (-20.7%) $138,873 (-1.7%) 0.00 48
2021-11-01 $120,000 (-0.4%) $143,673 (6.7%) 0.00 53
2021-12-01 $124,900 (-0.1%) $146,458 (0.1%) 0.00 53
2022-01-01 $129,900 (13.0%) $169,641 (20.6%) 0.00 41
2022-02-01 $139,000 (20.9%) $180,961 (22.6%) 0.00 34
2022-03-01 $130,900 (19.1%) $192,584 (31.6%) 0.00 33
2022-04-01 $132,000 (20.1%) $199,702 (37.1%) 0.00 39
2022-05-01 $128,500 (11.7%) $187,506 (19.8%) 0.00 47
Middlesborough's median listing price for 2022-05-01 was $128,500, a difference of $13,500 (11.7%) versus the prior year and $-3,500 versus the prior month.

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

Middlesborough's average listing price for 2022-05-01 was $187,506, a difference of $31,024 (19.8%) versus the prior year and $-12,196 versus the prior month.

For the 2022-05-01 period, Middlesborough had 47 MLS listings, a difference of 8 listings (21%) 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 1,568 sqft
2018-02-01 0 days 1,425 sqft
2018-03-01 0 days 1,456 sqft
2018-04-01 0 days 1,456 sqft
2018-05-01 0 days 1,456 sqft
2018-06-01 0 days 1,510 sqft
2018-07-01 0 days 1,499 sqft
2018-08-01 0 days 1,462 sqft
2018-09-01 0 days 1,537 sqft
2018-10-01 0 days 1,524 sqft
2018-11-01 0 days 1,510 sqft
2018-12-01 0 days 1,512 sqft
2019-01-01 0 days 1,550 sqft
2019-02-01 0 days 1,510 sqft
2019-03-01 0 days 1,527 sqft
2019-04-01 0 days 1,552 sqft
2019-05-01 0 days 1,584 sqft
2019-06-01 0 days 1,564 sqft
2019-07-01 0 days 1,598 sqft
2019-08-01 0 days 1,604 sqft
2019-09-01 0 days 1,559 sqft
2019-10-01 0 days 1,580 sqft
2019-11-01 0 days 1,596 sqft
2019-12-01 0 days 1,601 sqft
2020-01-01 0 days 1,587 sqft
2020-02-01 0 days 1,596 sqft
2020-03-01 0 days 1,679 sqft
2020-04-01 0 days 1,557 sqft
2020-05-01 0 days 1,605 sqft
2020-06-01 0 days 1,595 sqft
2020-07-01 0 days 1,593 sqft
2020-08-01 0 days 1,785 sqft
2020-09-01 0 days 1,800 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 1,740 sqft
2021-03-01 0 days 1,500 sqft
2021-04-01 0 days 1,450 sqft
2021-05-01 0 days 1,824 sqft
2021-06-01 0 days 1,796 sqft
2021-07-01 0 days 1,629 sqft
2021-08-01 0 days 1,428 sqft
2021-09-01 0 days 1,323 sqft
2021-10-01 0 days 1,312 sqft
2021-11-01 0 days 1,312 sqft
2021-12-01 0 days 1,312 sqft
2022-01-01 0 days 1,330 sqft
2022-02-01 0 days 1,450 sqft
2022-03-01 0 days 1,390 sqft
2022-04-01 0 days 1,432 sqft
2022-05-01 0 days 1,446 sqft
Middlesborough's median listing age (time on market) for 2022-05-01 was 0 days.

Middlesborough's median square footage for active listings during the 2022-05-01 period was 1,446 sqft. One year prior, the average listing was 1,824 sqft.