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 6.59% for the week of 2024-11-07, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2024-10-31) was 6.52% and one month ago for the week of 2024-10-03, the average rate was 6.12%.

    Middlesborough's average rate one year ago was 7.86%.

    For refis of the same type during the week of 2024-11-07, the average rate was 7.39%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Middlesborough 30 Year Fixed Rate 2024-11-07 6.59%
    Middlesborough 30 Year Fixed Rate Refi 2024-11-07 7.39%
    Middlesborough 15 Year Fixed Rate 2024-11-07 6.2%
    Middlesborough 15 Year Fixed Rate Refi 2024-11-07 6.3%
    Middlesborough 30 Year FHA 2024-11-07 6.63%
    Middlesborough 30 Year FHA Refi 2024-11-07 6.33%
    Middlesborough 30 Year USDA 2024-11-07 6.28%
    Middlesborough 30 Year USDA Refi 2024-11-07 6.48%
    Middlesborough 30 Year VA 2024-11-07 6.34%
    Middlesborough 30 Year VA Refi 2024-11-07 6.34%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Commercial Bank 13 6.51% $1,961
    Community Trust Bank, Inc. 5 6.35% $1,557
    QUICKEN LOANS, LLC 4 7.44% $5,211
    AMERICAN FINANCIAL NETWORK, INC. 3 7.58% $2,964
    FirstBank 2 7.88% $4,956
    Farm Credit Mid-America, ACA 1 7.50% $6,283
    Fifth Third Bank 1 6.13% $3,888
    First Horizon Bank 1 5.75% $3,602
    First Savings Bank 1 6.38% $3,477
    FREEDOM MORTGAGE CORPORATION 1 5.88% $8,194
    JPMorgan Chase Bank 1 7.88% $2,398
    LOANDEPOT.COM, LLC 1 7.13% $3,685
    MORTGAGE INVESTORS GROUP, INC. 1 6.50% $2,935
    Mr. Cooper ( Nationstar Mortgage ) 1 7.13% $4,685
    ROYAL UNITED MORTGAGE LLC 1 8.13% $5,816
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.25% $3,531
    21ST MORTGAGE CORPORATION 1 7.90% $4,532
    Wells Fargo Bank 1 6.25% $4,431
    CALIBER HOME LOANS, INC. 1 6.88% $4,340
    Citizens Bank 1 6.25% $2,929
    EVERETT FINANCIAL, INC. 1 6.25% $6,196
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $4,690

    Middlesborough Average Closing Costs & Other Stats

    Middlesborough, KY's 22 lenders originated 219 loans during 2023. The total origination value was $26,175,000, with an average loan value of $119,521.

    Middlesborough's average closing costs are $4,391.

    The top Middlesborough lender as defined by loan originations is Commercial Bank, with 13 loans originated. Their average total fees are $1,961, which is $404 higher than the next largest lender, Community Trust Bank, Inc..

    The lowest fee Middlesborough lenders (with over 10 loans originated) are Commercial Bank ($1,961), .

    The lowest rate Middlesborough lenders (with over 10 loans originated) are Commercial Bank (6.51%), .

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Home Federal Bank Corporation $6,275,000 $4,965,000 -20.9% 19.0%
    Community Trust Bank, Inc. $1,565,000 $2,425,000 55.0% 9.3%
    Commercial Bank $1,460,000 $2,360,000 61.6% 9.0%
    First State Bank of the Southeast, Inc. $4,700,000 $2,120,000 -54.9% 8.1%
    CARDINAL FINANCIAL $1,530,000 $1,840,000 20.3% 7.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,460,000 $1,410,000 -3.4% 5.4%
    QUICKEN LOANS, LLC $2,355,000 $1,345,000 -42.9% 5.1%
    Citizens Bank $325,000 $1,065,000 227.7% 4.1%
    TOP FLITE FINANCIAL, INC. $1,285,000 $600,000 -53.3% 2.3%
    AMERICAN FINANCIAL NETWORK, INC. $485,000 n/a 1.9%
    First Horizon Bank $455,000 n/a 1.7%
    FirstBank $190,000 $360,000 89.5% 1.4%
    MORTGAGE INVESTORS GROUP, INC. $1,165,000 $355,000 -69.5% 1.4%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $145,000 $350,000 141.4% 1.3%
    ENVOY MORTGAGE, LTD $155,000 $330,000 112.9% 1.3%
    Farm Credit Mid-America, ACA $295,000 n/a 1.1%
    21ST MORTGAGE CORPORATION $235,000 $285,000 21.3% 1.1%
    FREEDOM MORTGAGE CORPORATION $965,000 $265,000 -72.5% 1.0%
    Paramount Residential Mortgage Group, Inc. $260,000 n/a 1.0%
    STOCKTON MORTGAGE CORPORATION $185,000 $260,000 40.5% 1.0%
    AMCAP MORTGAGE, LTD. $220,000 $250,000 13.6% 1.0%
    POLARIS HOME FUNDING CORP. $145,000 $240,000 65.5% 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $140,000 $230,000 64.3% 0.9%
    Mortgage Research Center, LLC $725,000 $220,000 -69.7% 0.8%
    NAVY FEDERAL CREDIT UNION $200,000 $205,000 2.5% 0.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $175,000 n/a 0.7%
    Forcht Bank $175,000 n/a 0.7%
    U.S. Bank $175,000 n/a 0.7%
    ROYAL UNITED MORTGAGE LLC $150,000 n/a 0.6%
    AMERICAN FINANCIAL RESOURCES, INC. $145,000 n/a 0.6%
    CREDIT HUMAN FEDERAL CREDIT UNION $105,000 $145,000 38.1% 0.6%
    Equity Prime Mortgage LLC $145,000 n/a 0.6%
    GENEVA FINANCIAL, LLC $185,000 $140,000 -24.3% 0.5%
    EVERETT FINANCIAL, INC. $185,000 $135,000 -27.0% 0.5%
    JPMorgan Chase Bank $305,000 $135,000 -55.7% 0.5%
    TRIAD FINANCIAL SERVICES, INC. $135,000 n/a 0.5%
    FINANCE OF AMERICA REVERSE LLC $125,000 n/a 0.5%
    LAKEVIEW LOAN SERVICING, LLC $125,000 n/a 0.5%
    MUTUAL OF OMAHA MORTGAGE, INC. $125,000 n/a 0.5%
    CALIBER HOME LOANS, INC. $105,000 n/a 0.4%
    Truist $105,000 n/a 0.4%
    COMMONWEALTH $30,000 $100,000 233.3% 0.4%
    Northpointe Bank $100,000 n/a 0.4%
    BROKER SOLUTIONS, INC. $95,000 n/a 0.4%
    Fifth Third Bank $95,000 n/a 0.4%
    GoPrime Mortgage, Inc. $95,000 n/a 0.4%
    LOANDEPOT.COM, LLC $95,000 n/a 0.4%
    Discover Bank $90,000 n/a 0.3%
    DAS Acquisition Company, LLC $285,000 $85,000 -70.2% 0.3%
    First Savings Bank $85,000 n/a 0.3%
    Wells Fargo Bank $75,000 $65,000 -13.3% 0.2%
    Powell Valley National Bank $125,000 $55,000 -56.0% 0.2%

    Middlesborough's top lender by overall market share is Home Federal Bank Corporation, with 19.0% market share. In second place, with 9.3%, is Community Trust Bank, Inc., having originated $2,425,000 in loans. In third place, with 9.0%, is Commercial Bank, having originated $2,360,000 in loans. In fourth place, with 8.1%, is First State Bank of the Southeast, Inc., having originated $2,120,000 in loans. In fifth place, with 7.0%, is CARDINAL FINANCIAL, having originated $1,840,000 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%) $117,154 (5.0%) 0.00 79
    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 (11.6%) 0.00 100
    2018-05-01 $97,900 (12.1%) $125,500 (19.3%) 0.00 98
    2018-06-01 $101,200 (6.1%) $123,943 (11.4%) 0.00 97
    2018-07-01 $93,425 (5.0%) $120,389 (8.2%) 0.00 99
    2018-08-01 $92,725 (10.4%) $118,198 (9.6%) 0.00 108
    2018-09-01 $99,900 (16.2%) $123,030 (12.2%) 0.00 104
    2018-10-01 $95,450 (7.3%) $121,322 (7.2%) 0.00 98
    2018-11-01 $89,000 (-2.4%) $115,872 (0.9%) 0.00 94
    2018-12-01 $89,700 (-0.3%) $123,057 (6.6%) 0.00 89
    2019-01-01 $89,600 (-5.8%) $122,988 (5.0%) 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%) $128,934 (2.7%) 0.00 93
    2019-06-01 $109,900 (8.6%) $128,544 (3.7%) 0.00 101
    2019-07-01 $120,300 (28.8%) $130,975 (8.8%) 0.00 104
    2019-08-01 $121,664 (31.2%) $130,100 (10.1%) 0.00 103
    2019-09-01 $121,909 (22.0%) $128,285 (4.3%) 0.00 102
    2019-10-01 $123,275 (29.2%) $128,952 (6.3%) 0.00 101
    2019-11-01 $122,700 (37.9%) $126,890 (9.5%) 0.00 92
    2019-12-01 $124,900 (39.2%) $126,485 (2.8%) 0.00 88
    2020-01-01 $124,800 (39.3%) $125,844 (2.3%) 0.00 81
    2020-02-01 $124,900 (40.3%) $128,208 (7.6%) 0.00 73
    2020-03-01 $126,000 (34.8%) $137,686 (14.6%) 0.00 71
    2020-04-01 $124,900 (25.4%) $138,431 (10.3%) 0.00 62
    2020-05-01 $125,000 (16.1%) $138,386 (7.3%) 0.00 58
    2020-06-01 $137,450 (25.1%) $146,426 (13.9%) 0.00 50
    2020-07-01 $135,750 (12.8%) $143,048 (9.2%) 0.00 36
    2020-08-01 $132,000 (8.5%) $130,660 (0.4%) 0.00 44
    2020-09-01 $126,475 (3.8%) $134,354 (4.7%) 0.00 45
    2020-10-01 $112,450 (-8.8%) $133,448 (3.5%) 0.00 44
    2020-11-01 $117,188 (-4.5%) $131,283 (3.5%) 0.00 45
    2020-12-01 $121,563 (-2.7%) $143,474 (13.4%) 0.00 38
    2021-01-01 $101,250 (-18.9%) $137,151 (9.0%) 0.00 37
    2021-02-01 $87,474 (-30.0%) $139,012 (8.4%) 0.00 39
    2021-03-01 $92,675 (-26.5%) $132,798 (-3.6%) 0.00 43
    2021-04-01 $96,900 (-22.4%) $132,457 (-4.3%) 0.00 37
    2021-05-01 $109,900 (-12.1%) $137,524 (-0.6%) 0.00 35
    2021-06-01 $120,000 (-12.7%) $139,630 (-4.6%) 0.00 38
    2021-07-01 $115,000 (-15.3%) $139,185 (-2.7%) 0.00 43
    2021-08-01 $97,950 (-25.8%) $128,528 (-1.6%) 0.00 41
    2021-09-01 $96,900 (-23.4%) $122,442 (-8.9%) 0.00 42
    2021-10-01 $99,450 (-11.6%) $132,985 (-0.4%) 0.00 37
    2021-11-01 $113,750 (-2.9%) $141,984 (8.2%) 0.00 41
    2021-12-01 $117,475 (-3.4%) $141,138 (-1.6%) 0.00 42
    2022-01-01 $119,950 (18.5%) $156,538 (14.1%) 0.00 34
    2022-02-01 $136,000 (55.5%) $164,867 (18.6%) 0.00 29
    2022-03-01 $131,925 (42.4%) $186,522 (40.5%) 0.00 29
    2022-04-01 $122,500 (26.4%) $177,771 (34.2%) 0.00 31
    2022-05-01 $119,500 (8.7%) $175,693 (27.8%) 0.00 41
    2022-06-01 $119,750 (-0.2%) $183,014 (31.1%) 0.00 44
    2022-07-01 $133,000 (15.7%) $182,078 (30.8%) 0.00 48
    2022-08-01 $139,675 (42.6%) $195,614 (52.2%) 0.00 45
    2022-09-01 $139,900 (44.4%) $201,868 (64.9%) 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%) $169,538 (-9.1%) 0.00 44
    2023-04-01 $122,000 (-0.4%) $168,534 (-5.2%) 0.00 45
    2023-05-01 $147,450 (23.4%) $182,570 (3.9%) 0.00 43
    2023-06-01 $148,750 (24.2%) $178,061 (-2.7%) 0.00 45
    2023-07-01 $150,000 (12.8%) $183,855 (1.0%) 0.00 48
    2023-08-01 $159,500 (14.2%) $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
    2023-12-01 $166,950 (33.8%) $185,631 (-2.6%) 0.00 41
    2024-01-01 $169,450 (40.0%) $200,556 (11.9%) 0.00 41
    2024-02-01 $164,450 (25.9%) $194,568 (6.3%) 0.00 46
    2024-03-01 $175,000 (37.5%) $196,402 (15.9%) 0.00 51
    2024-04-01 $184,475 (51.2%) $201,992 (19.9%) 0.00 47
    2024-05-01 $207,450 (40.7%) $216,571 (18.6%) 0.00 47
    2024-06-01 $194,400 (30.7%) $207,559 (16.6%) 0.00 48
    2024-07-01 $179,500 (19.7%) $206,656 (12.4%) 0.00 51
    2024-08-01 $181,950 (14.1%) $205,251 (7.9%) 0.00 53
    2024-09-01 $188,675 (34.9%) $211,837 (22.8%) 0.00 63
    2024-10-01 $186,225 (24.6%) $208,744 (16.2%) 0.00 68
    Middlesborough's median listing price for 2024-10-01 was $186,225, a difference of $36,725 (24.6%) versus the prior year and $-2,450 versus the prior month.

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

    Middlesborough's average listing price for 2024-10-01 was $208,744, a difference of $29,098 (16.2%) versus the prior year and $-3,093 versus the prior month.

    For the 2024-10-01 period, Middlesborough had 68 MLS listings, a difference of 5 listings (8%) versus the prior month and 18 listings (36%) 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 1,436 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 1,609 sqft
    2019-06-01 0 days 1,582 sqft
    2019-07-01 0 days 1,633 sqft
    2019-08-01 0 days 1,619 sqft
    2019-09-01 0 days 1,581 sqft
    2019-10-01 0 days 1,580 sqft
    2019-11-01 0 days 1,596 sqft
    2019-12-01 0 days 1,615 sqft
    2020-01-01 0 days 1,613 sqft
    2020-02-01 0 days 1,621 sqft
    2020-03-01 0 days 1,672 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 1,615 sqft
    2021-03-01 0 days 1,500 sqft
    2021-04-01 0 days 1,372 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 1,432 sqft
    2022-05-01 0 days 1,431 sqft
    2022-06-01 0 days 1,395 sqft
    2022-07-01 0 days 1,385 sqft
    2022-08-01 0 days 1,396 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 1,389 sqft
    2023-05-01 0 days 1,463 sqft
    2023-06-01 0 days 1,445 sqft
    2023-07-01 0 days 1,469 sqft
    2023-08-01 0 days 1,469 sqft
    2023-09-01 0 days 1,404 sqft
    2023-10-01 0 days 1,404 sqft
    2023-11-01 0 days 1,435 sqft
    2023-12-01 0 days 1,410 sqft
    2024-01-01 0 days 1,466 sqft
    2024-02-01 0 days 1,494 sqft
    2024-03-01 0 days 1,530 sqft
    2024-04-01 0 days 1,560 sqft
    2024-05-01 0 days 1,684 sqft
    2024-06-01 0 days 1,488 sqft
    2024-07-01 0 days 1,585 sqft
    2024-08-01 0 days 1,596 sqft
    2024-09-01 0 days 1,689 sqft
    2024-10-01 0 days 1,726 sqft
    Middlesborough's median listing age (time on market) for 2024-10-01 was 0 days.

    Middlesborough's median square footage for active listings during the 2024-10-01 period was 1,726 sqft. One year prior, the average listing was 1,404 sqft.

    Middlesborough, KY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 155 $20,375,000 $131,452
    Refi 25 $2,155,000 $86,200
    Other 16 $1,190,000 $74,375
    Home Improvement 14 $1,340,000 $95,714
    Cash Out Refi 9 $1,115,000 $123,889

    Middlesborough's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Refi, with 25 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 59 $7,315,000 $123,983
    Over 8% 40 $3,470,000 $86,750
    7-8% 38 $4,630,000 $121,842
    5-6% 18 $2,870,000 $159,444
    3-4% 3 $135,000 $45,000
    4-5% 3 $615,000 $205,000

    During 2023, Middlesborough's most frequently originated rate bucket was 6-7%, with 59 originations.

    Loan Sizing (Middlesborough, KY MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 107 $6,545,000 $61,168
    $100k-200k 84 $12,250,000 $145,833
    $200k-400k 27 $6,925,000 $256,481
    $400k-600k 1 $455,000 $455,000

    Middlesborough's loan sizing saw the bucket of loans from $100,000 or less with 107 originations, totaling $6,545,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 86 $12,350,000 $143,605
    60-80% 41 $4,135,000 $100,854
    20-40% 15 $725,000 $48,333
    40-60% 11 $1,335,000 $121,364
    Under 20% 6 $150,000 $25,000
    Over 100% 2 $340,000 $170,000

    Middlesborough's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 86 originations, totaling $12,350,000 in origination value.