Middlesborough Mortgage Rates & Closing Costs

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.