MISSOULA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Missoula averaged
6.68%
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
6.41% and
one month ago for the week of 2024-10-03, the
average rate was 6.01%.
Missoula's average rate one year ago was 7.85%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.29%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Missoula 30 Year Fixed Rate | 2024-11-07 | 6.68% |
| Missoula 30 Year Fixed Rate Refi | 2024-11-07 | 7.29% |
| Missoula 15 Year Fixed Rate | 2024-11-07 | 6.2% |
| Missoula 15 Year Fixed Rate Refi | 2024-11-07 | 5.9% |
| Missoula 30 Year FHA | 2024-11-07 | 6.53% |
| Missoula 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Missoula 30 Year USDA | 2024-11-07 | 6.58% |
| Missoula 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Missoula 30 Year VA | 2024-11-07 | 6.19% |
| Missoula 30 Year VA Refi | 2024-11-07 | 6.34% |
MISSOULA 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 MISSOULA, MT 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.).
MISSOULA Average Closing Costs & Other Stats
MISSOULA, MT's 85 lenders originated 1,797
loans during 2023. The total origination value was $585,205,000, with an average loan value of
$325,657.
MISSOULA's average closing costs are $5,590.
The top MISSOULA lender as defined by loan originations is MANN FINANCIAL INC., with
101 loans originated. Their average total fees are
$10,615, which is $4,400
higher than the next largest lender,
Opportunity Bank of Montana.
The lowest fee MISSOULA lenders (with over 10 loans originated) are
U.S. Bank ($5,117), GUARANTEED RATE, INC. ($5,935), CLEARWATER Federal Credit Union ($6,112), UNITED WHOLESALE MORTGAGE, LLC ($6,178) and Opportunity Bank of Montana ($6,215).
The lowest rate MISSOULA lenders (with over 10 loans originated) are
FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.13%), CLEARWATER Federal Credit Union (6.52%), U.S. Bank (6.57%), GUARANTEED RATE, INC. (6.60%) and QUICKEN LOANS, LLC (6.60%).
MISSOULA, MT 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 |
|---|---|---|---|---|
| Glacier Bank | $125,400,000 | $57,900,000 | -53.8% | 9.9% |
| MANN FINANCIAL INC. | $86,910,000 | $54,715,000 | -37.0% | 9.3% |
| Stockman Bank of Montana | $92,580,000 | $46,870,000 | -49.4% | 8.0% |
| Opportunity Bank of Montana | $64,755,000 | $45,975,000 | -29.0% | 7.9% |
| CLEARWATER Federal Credit Union | $68,450,000 | $39,580,000 | -42.2% | 6.8% |
| First Interstate Bank | $98,685,000 | $34,825,000 | -64.7% | 6.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $40,385,000 | $29,380,000 | -27.3% | 5.0% |
| Century Mortgage Company DBA Century Lending Company | $7,560,000 | $18,585,000 | 145.8% | 3.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $5,725,000 | $18,530,000 | 223.7% | 3.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $8,385,000 | $17,790,000 | 112.2% | 3.0% |
| QUICKEN LOANS, LLC | $29,435,000 | $17,375,000 | -41.0% | 3.0% |
| U.S. Bank | $19,105,000 | $11,960,000 | -37.4% | 2.0% |
| GUARANTEED RATE, INC. | $13,680,000 | $11,140,000 | -18.6% | 1.9% |
| ENVOY MORTGAGE, LTD | $15,150,000 | $10,760,000 | -29.0% | 1.8% |
| Citibank | $685,000 | $9,895,000 | 1,344.5% | 1.7% |
| TrailWest Bank | $16,005,000 | $9,685,000 | -39.5% | 1.7% |
| FIRST COLONY MORTGAGE CORPORATION | $2,385,000 | $8,315,000 | 248.6% | 1.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,655,000 | $6,105,000 | 31.1% | 1.0% |
| Farmers State Bank | $13,460,000 | $5,105,000 | -62.1% | 0.9% |
| Morgan Stanley Private Bank | $2,980,000 | $4,800,000 | 61.1% | 0.8% |
| Bank of America | $5,000,000 | $4,580,000 | -8.4% | 0.8% |
| Wells Fargo Bank | $19,985,000 | $4,345,000 | -78.3% | 0.7% |
| Citizens Alliance Bank | $5,655,000 | $4,200,000 | -25.7% | 0.7% |
| JPMorgan Chase Bank | $19,705,000 | $4,100,000 | -79.2% | 0.7% |
| First Montana Bank, Inc. | $5,025,000 | $4,085,000 | -18.7% | 0.7% |
| Mortgage Research Center, LLC | $4,490,000 | $3,970,000 | -11.6% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $6,740,000 | $3,815,000 | -43.4% | 0.7% |
| CMG MORTGAGE, INC. | $1,400,000 | $3,675,000 | 162.5% | 0.6% |
| HORIZON | $4,265,000 | $3,660,000 | -14.2% | 0.6% |
| BMO Harris Bank | $3,375,000 | n/a | 0.6% | |
| WALKER & DUNLOP, LLC | $8,135,000 | $3,365,000 | -58.6% | 0.6% |
| Prosperity Home Mortgage, LLC | $455,000 | $3,240,000 | 612.1% | 0.6% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $605,000 | $2,890,000 | 377.7% | 0.5% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $265,000 | $2,765,000 | 943.4% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $4,115,000 | $2,750,000 | -33.2% | 0.5% |
| CORNERSTONE HOME LENDING, INC. | $395,000 | $2,505,000 | 534.2% | 0.4% |
| Flagstar Bank, FSB | $12,670,000 | $2,475,000 | -80.5% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $6,670,000 | $2,220,000 | -66.7% | 0.4% |
| GUILD MORTGAGE COMPANY | $15,025,000 | $1,910,000 | -87.3% | 0.3% |
| MOUNTAIN AMERICA | $5,095,000 | $1,865,000 | -63.4% | 0.3% |
| 21ST MORTGAGE CORPORATION | $1,345,000 | $1,680,000 | 24.9% | 0.3% |
| IDAHO CENTRAL | $790,000 | $1,665,000 | 110.8% | 0.3% |
| LOANDEPOT.COM, LLC | $7,785,000 | $1,640,000 | -78.9% | 0.3% |
| USAA Federal Savings Bank | $1,550,000 | $1,535,000 | -1.0% | 0.3% |
| NBKC BANK | $345,000 | $1,475,000 | 327.5% | 0.3% |
| Northpointe Bank | $3,140,000 | $1,335,000 | -57.5% | 0.2% |
| PARK SIDE FINANCIAL | $13,630,000 | $1,305,000 | -90.4% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $5,715,000 | $1,280,000 | -77.6% | 0.2% |
| GEORGIA'S OWN | $55,000 | $1,240,000 | 2,154.5% | 0.2% |
| PNC Bank | $2,450,000 | $1,240,000 | -49.4% | 0.2% |
| Stifel Bank and Trust | $1,410,000 | $1,205,000 | -14.5% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,335,000 | $1,195,000 | -72.4% | 0.2% |
| BETTER MORTGAGE CORPORATION | $1,955,000 | $1,110,000 | -43.2% | 0.2% |
| The Huntington National Bank | $35,580,000 | $1,105,000 | -96.9% | 0.2% |
| Wintrust Bank, N.A. | $1,085,000 | n/a | 0.2% | |
| Discover Bank | $295,000 | $1,040,000 | 252.5% | 0.2% |
| The Central Trust Bank | $700,000 | $1,040,000 | 48.6% | 0.2% |
| Umpqua Bank | $980,000 | n/a | 0.2% | |
| Ally Bank | $4,095,000 | $945,000 | -76.9% | 0.2% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $835,000 | $930,000 | 11.4% | 0.2% |
| TOWNE MORTGAGE COMPANY | $925,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $1,705,000 | $900,000 | -47.2% | 0.2% |
| ACADEMY MORTGAGE CORPORATION | $1,075,000 | $890,000 | -17.2% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $540,000 | $890,000 | 64.8% | 0.2% |
| Town Bank, N.A. | $845,000 | n/a | 0.1% | |
| NEWREZ LLC | $635,000 | $835,000 | 31.5% | 0.1% |
| FUNDLOANS CAPITAL | $785,000 | n/a | 0.1% | |
| TIB The Independent Bankersbank | $700,000 | $780,000 | 11.4% | 0.1% |
| PREMIA MORTGAGE, LLC | $765,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $1,280,000 | $730,000 | -43.0% | 0.1% |
| First Federal Bank | $725,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $475,000 | $700,000 | 47.4% | 0.1% |
| Johnson Bank | $695,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $645,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $445,000 | $635,000 | 42.7% | 0.1% |
| Plains Commerce Bank | $1,405,000 | $630,000 | -55.2% | 0.1% |
| CALIBER HOME LOANS, INC. | $4,470,000 | $615,000 | -86.2% | 0.1% |
| NFM, INC. | $335,000 | $615,000 | 83.6% | 0.1% |
| WINGS FINANCIAL | $610,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $295,000 | $585,000 | 98.3% | 0.1% |
| The Federal Savings Bank | $1,185,000 | $585,000 | -50.6% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $520,000 | $525,000 | 1.0% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $1,170,000 | $525,000 | -55.1% | 0.1% |
| Figure Lending LLC | $340,000 | $520,000 | 52.9% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $505,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $470,000 | n/a | 0.1% | |
| PRIORITY HOME LENDING, LLC | $465,000 | n/a | 0.1% | |
| BROKER SOLUTIONS, INC. | $2,860,000 | $460,000 | -83.9% | 0.1% |
| GENEVA FINANCIAL, LLC | $455,000 | n/a | 0.1% | |
| American Bank Center | $545,000 | $445,000 | -18.3% | 0.1% |
| Altana Federal Credit Union | $255,000 | $435,000 | 70.6% | 0.1% |
| M&T Bank | $425,000 | n/a | 0.1% | |
| Montana Federal Credit Union | $315,000 | $420,000 | 33.3% | 0.1% |
| Farmers Bank & Trust | $405,000 | n/a | 0.1% | |
| MORTGAGE 1 INCORPORATED | $405,000 | n/a | 0.1% | |
| DIRECTORS MORTGAGE, INC. | $395,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $385,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $385,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $3,080,000 | $380,000 | -87.7% | 0.1% |
| Washington Trust Bank | $545,000 | $375,000 | -31.2% | 0.1% |
| Waterstone Mortgage Corporation | $375,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $365,000 | n/a | 0.1% | |
| AmRes Corporation | $355,000 | n/a | 0.1% | |
| Jonah Bank of Wyoming | $355,000 | n/a | 0.1% | |
| Ixonia Bank | $635,000 | $345,000 | -45.7% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $345,000 | n/a | 0.1% | |
| Magnolia Bank | $565,000 | $335,000 | -40.7% | 0.1% |
| Raymond James Bank | $335,000 | n/a | 0.1% | |
| CITYWIDE HOME LOANS, LLC | $625,000 | $315,000 | -49.6% | 0.1% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $345,000 | $305,000 | -11.6% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $300,000 | n/a | 0.1% | |
| AMERICAN INTERNET MORTGAGE, INC. | $295,000 | n/a | 0.1% | |
| Colonial Savings, F.A. | $285,000 | n/a | 0.0% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $285,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $280,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $850,000 | $255,000 | -70.0% | 0.0% |
| AMERICAN FINANCING CORPORATION | $1,125,000 | $245,000 | -78.2% | 0.0% |
| CARDINAL FINANCIAL | $925,000 | $245,000 | -73.5% | 0.0% |
| Citadel Servicing Corporation | $235,000 | n/a | 0.0% | |
| b1BANK | $205,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,465,000 | $195,000 | -86.7% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $4,375,000 | $195,000 | -95.5% | 0.0% |
| Firefighters First Federal Credit Union | $185,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $265,000 | $175,000 | -34.0% | 0.0% |
| PLANET HOME LENDING, LLC | $965,000 | $165,000 | -82.9% | 0.0% |
| ALLIANT CREDIT UNION | $210,000 | $150,000 | -28.6% | 0.0% |
| SPRING EQ, LLC | $330,000 | $150,000 | -54.5% | 0.0% |
| BAY EQUITY LLC | $1,750,000 | $115,000 | -93.4% | 0.0% |
| Centier Bank | $115,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $460,000 | $85,000 | -81.5% | 0.0% |
| RAILWAY CREDIT UNION | $85,000 | n/a | 0.0% |
MISSOULA's top lender by overall market share is Glacier Bank, with 9.9% market share. In second place, with 9.3%, is MANN FINANCIAL INC., having originated $54,715,000 in loans. In third place, with 8.0%, is Stockman Bank of Montana, having originated $46,870,000 in loans. In fourth place, with 7.9%, is Opportunity Bank of Montana, having originated $45,975,000 in loans. In fifth place, with 6.8%, is CLEARWATER Federal Credit Union, having originated $39,580,000 in loans.
MISSOULA, MT Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 59801 | Missoula, MT MSA | $790 | $910 | $1,120 | $1,570 | $1,910 |
| 59802 | Missoula, MT MSA | $750 | $870 | $1,070 | $1,500 | $1,820 |
| 59803 | Missoula, MT MSA | $850 | $980 | $1,210 | $1,690 | $2,060 |
| 59804 | Missoula, MT MSA | $1,010 | $1,170 | $1,440 | $2,010 | $2,450 |
| 59806 | Missoula, MT MSA | $790 | $910 | $1,120 | $1,570 | $1,910 |
| 59807 | Missoula, MT MSA | $790 | $910 | $1,120 | $1,570 | $1,910 |
| 59808 | Missoula, MT MSA | $850 | $970 | $1,200 | $1,680 | $2,040 |
| 59812 | Missoula, MT MSA | $790 | $910 | $1,120 | $1,570 | $1,910 |
| 59820 | Missoula, MT MSA | $750 | $870 | $1,070 | $1,500 | $1,820 |
| 59821 | Missoula, MT MSA | $700 | $800 | $990 | $1,380 | $1,690 |
| 59823 | Missoula, MT MSA | $940 | $1,080 | $1,330 | $1,860 | $2,270 |
| 59825 | Missoula, MT MSA | $830 | $950 | $1,180 | $1,650 | $2,010 |
| 59826 | Missoula, MT MSA | $790 | $910 | $1,120 | $1,570 | $1,910 |
| 59833 | Missoula, MT MSA | $880 | $1,010 | $1,250 | $1,750 | $2,130 |
| 59834 | Missoula, MT MSA | $840 | $960 | $1,180 | $1,650 | $2,010 |
| 59846 | Missoula, MT MSA | $790 | $910 | $1,120 | $1,570 | $1,910 |
| 59847 | Missoula, MT MSA | $760 | $870 | $1,080 | $1,510 | $1,840 |
| 59851 | Missoula, MT MSA | $820 | $940 | $1,160 | $1,630 | $1,980 |
| 59868 | Missoula, MT MSA | $670 | $770 | $950 | $1,330 | $1,620 |
2022 Average & Median Rent Data Statistics
MISSOULA, MT average 1BR rent: $932, median: $910
MISSOULA, MT average 2BR rent: $1,149, median: $1,120
MISSOULA, MT average 3BR rent: $1,608, median: $1,570
MISSOULA, MT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,024 | $448,940,000 | $438,418 |
| Home Improvement | 299 | $38,405,000 | $128,445 |
| Other | 177 | $22,125,000 | $125,000 |
| Refi | 163 | $37,925,000 | $232,669 |
| Cash Out Refi | 134 | $37,810,000 | $282,164 |
Missoula's most frequently cited loan purpose was Home Purchase, with 1,024 originations. The 2nd most popular reason was Home Improvement, with 299 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 586 | $237,240,000 | $404,846 |
| Over 8% | 422 | $64,660,000 | $153,223 |
| 7-8% | 419 | $126,615,000 | $302,184 |
| 5-6% | 229 | $112,725,000 | $492,249 |
| 4-5% | 37 | $14,945,000 | $403,919 |
| 2.5-3% | 10 | $1,850,000 | $185,000 |
| <2.5% | 3 | $715,000 | $238,333 |
| 3-4% | 3 | $795,000 | $265,000 |
During 2023, Missoula's most frequently originated rate bucket was 6-7%, with 586 originations.
Loan Sizing (MISSOULA, MT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 545 | $165,505,000 | $303,679 |
| $400k-600k | 383 | $183,805,000 | $479,909 |
| $100,000 or less | 376 | $21,790,000 | $57,952 |
| $100k-200k | 302 | $41,240,000 | $136,556 |
| $600k-1000k | 154 | $110,300,000 | $716,234 |
| $Over $1MM | 37 | $62,565,000 | $1,690,946 |
MISSOULA's loan sizing saw the bucket of loans from $200k-400k with 545 originations, totaling $165,505,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| Under 20% | 420 | $31,760,000 | $75,619 |
| 60-80% | 412 | $194,620,000 | $472,379 |
| 80-100% | 407 | $190,265,000 | $467,482 |
| 20-40% | 244 | $49,670,000 | $203,566 |
| 40-60% | 214 | $87,470,000 | $408,738 |
| Over 100% | 8 | $4,500,000 | $562,500 |
MISSOULA's loan sizing saw loans grouped in the Under 20% Loan-to-value bucket with 420 originations, totaling $31,760,000 in origination value.