Montrose Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Montrose averaged
6.8%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.73% and
one month ago for the week of 2023-02-09, the
average rate was 6.52%.
Montrose's average rate one year ago was 3.42%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.84%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Montrose 30 Year Fixed Rate | 2023-03-16 | 6.8% |
| Montrose 30 Year Fixed Rate Refi | 2023-03-16 | 6.84% |
| Montrose 15 Year Fixed Rate | 2023-03-16 | 6.3% |
| Montrose 15 Year Fixed Rate Refi | 2023-03-16 | 6.33% |
| Montrose 30 Year FHA | 2023-03-16 | 6.34% |
| Montrose 30 Year FHA Refi | 2023-03-16 | 6.08% |
| Montrose 30 Year USDA | 2023-03-16 | 6.2% |
| Montrose 30 Year USDA Refi | 2023-03-16 | 6.52% |
| Montrose 30 Year VA | 2023-03-16 | 6.46% |
| Montrose 30 Year VA Refi | 2023-03-16 | 5.81% |
Montrose 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 Montrose, CO 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.).
Montrose Average Closing Costs & Other Stats
Montrose, CO's 116 lenders originated 1,619
loans during 2022. The total origination value was $492,995,000, with an average loan value of
$304,506.
Montrose's average closing costs are $4,918.
The top Montrose lender as defined by loan originations is ACADEMY MORTGAGE CORPORATION, with
102 loans originated. Their average total fees are
$6,255, which is $23
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Montrose lenders (with over 10 loans originated) are
U.S. Bank ($3,469), BAY EQUITY LLC ($4,087), BROKER SOLUTIONS, INC. ($4,096), CORNERSTONE HOME LENDING, INC. ($4,766) and Alpine Bank ($5,340).
The lowest rate Montrose lenders (with over 10 loans originated) are
BAY EQUITY LLC (3.94%), LOANDEPOT.COM, LLC (4.04%), HOME POINT FINANCIAL CORPORATION (4.34%), U.S. Bank (4.35%) and Wells Fargo Bank (4.48%).
Montrose, CO 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 |
|---|---|---|---|---|
| ACADEMY MORTGAGE CORPORATION | $82,955,000 | $50,530,000 | -39.1% | 10.2% |
| Alpine Bank | $46,440,000 | $40,480,000 | -12.8% | 8.2% |
| QUICKEN LOANS, LLC | $75,900,000 | $36,810,000 | -51.5% | 7.5% |
| S1L, Inc. | $43,040,000 | $28,265,000 | -34.3% | 5.7% |
| CORNERSTONE HOME LENDING, INC. | $67,950,000 | $23,440,000 | -65.5% | 4.8% |
| Bank of Colorado | $8,985,000 | $19,260,000 | 114.4% | 3.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $26,830,000 | $17,755,000 | -33.8% | 3.6% |
| Wells Fargo Bank | $21,605,000 | $17,345,000 | -19.7% | 3.5% |
| ANB Bank | $685,000 | $15,655,000 | 2,185.4% | 3.2% |
| GENEVA FINANCIAL, LLC | $5,675,000 | $13,655,000 | 140.6% | 2.8% |
| U.S. Bank | $10,090,000 | $11,290,000 | 11.9% | 2.3% |
| LOANDEPOT.COM, LLC | $10,450,000 | $10,795,000 | 3.3% | 2.2% |
| GUILD MORTGAGE COMPANY | $32,745,000 | $10,500,000 | -67.9% | 2.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $8,835,000 | n/a | 1.8% | |
| BAY EQUITY LLC | $38,040,000 | $7,445,000 | -80.4% | 1.5% |
| Zions Bancorporation, N.A. | $4,125,000 | $6,885,000 | 66.9% | 1.4% |
| HOME POINT FINANCIAL CORPORATION | $8,460,000 | $5,845,000 | -30.9% | 1.2% |
| Bank of America | $735,000 | $5,475,000 | 644.9% | 1.1% |
| BROKER SOLUTIONS, INC. | $6,080,000 | $5,350,000 | -12.0% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $6,000,000 | $4,170,000 | -30.5% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,025,000 | $4,050,000 | -19.4% | 0.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $8,425,000 | $3,785,000 | -55.1% | 0.8% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $3,265,000 | $3,725,000 | 14.1% | 0.8% |
| Mortgage Research Center, LLC | $6,280,000 | $3,515,000 | -44.0% | 0.7% |
| Northpointe Bank | $1,975,000 | $3,400,000 | 72.2% | 0.7% |
| CHERRY CREEK MORTGAGE, LLC | $1,780,000 | $3,175,000 | 78.4% | 0.6% |
| JPMorgan Chase Bank | $6,335,000 | $3,165,000 | -50.0% | 0.6% |
| Ent Credit Union | $920,000 | $2,945,000 | 220.1% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $12,180,000 | $2,940,000 | -75.9% | 0.6% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,165,000 | $2,820,000 | 30.3% | 0.6% |
| AMERICAN FINANCING CORPORATION | $5,820,000 | $2,755,000 | -52.7% | 0.6% |
| Bank of the West | $3,240,000 | $2,670,000 | -17.6% | 0.5% |
| USAA Federal Savings Bank | $1,305,000 | $2,565,000 | 96.6% | 0.5% |
| AMCAP MORTGAGE, LTD. | $4,275,000 | $2,515,000 | -41.2% | 0.5% |
| LAKEVIEW LOAN SERVICING, LLC | $3,450,000 | $2,495,000 | -27.7% | 0.5% |
| GUARANTEED RATE, INC. | $4,645,000 | $2,360,000 | -49.2% | 0.5% |
| FirstBank | $345,000 | $2,320,000 | 572.5% | 0.5% |
| Morgan Stanley Private Bank | $2,310,000 | n/a | 0.5% | |
| BELLCO | $2,295,000 | $2,260,000 | -1.5% | 0.5% |
| The Huntington National Bank | $840,000 | $2,215,000 | 163.7% | 0.4% |
| NBH Bank | $2,270,000 | $2,090,000 | -7.9% | 0.4% |
| KeyBank | $95,000 | $2,035,000 | 2,042.1% | 0.4% |
| REVERSE MORTGAGE FUNDING LLC | $175,000 | $2,015,000 | 1,051.4% | 0.4% |
| Carrington Mortgage Services, LLC | $1,895,000 | $1,990,000 | 5.0% | 0.4% |
| Commerce Home Mortgage, Inc. | $945,000 | $1,930,000 | 104.2% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $255,000 | $1,755,000 | 588.2% | 0.4% |
| BMO Harris Bank | $1,670,000 | n/a | 0.3% | |
| Charles Schwab Bank, SSB | $2,080,000 | $1,670,000 | -19.7% | 0.3% |
| NEWREZ LLC | $4,515,000 | $1,655,000 | -63.3% | 0.3% |
| LONGBRIDGE FINANCIAL, LLC | $270,000 | $1,640,000 | 507.4% | 0.3% |
| NBKC BANK | $1,945,000 | $1,635,000 | -15.9% | 0.3% |
| Chicago Mortgage Solutions LLC | $155,000 | $1,625,000 | 948.4% | 0.3% |
| AMERICAN ADVISORS GROUP | $1,830,000 | $1,615,000 | -11.7% | 0.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $360,000 | $1,600,000 | 344.4% | 0.3% |
| BETTER MORTGAGE CORPORATION | $8,140,000 | $1,555,000 | -80.9% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $2,445,000 | $1,550,000 | -36.6% | 0.3% |
| UMB Bank | $95,000 | $1,505,000 | 1,484.2% | 0.3% |
| Flagstar Bank, FSB | $1,190,000 | $1,500,000 | 26.1% | 0.3% |
| SECURITY SERVICE | $495,000 | $1,440,000 | 190.9% | 0.3% |
| 21ST MORTGAGE CORPORATION | $675,000 | $1,405,000 | 108.1% | 0.3% |
| KINECTA | $1,375,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $4,270,000 | $1,350,000 | -68.4% | 0.3% |
| CALIBER HOME LOANS, INC. | $2,585,000 | $1,330,000 | -48.5% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $6,765,000 | $1,320,000 | -80.5% | 0.3% |
| PLANET HOME LENDING, LLC | $895,000 | $1,225,000 | 36.9% | 0.2% |
| Loan Simple, Inc. | $1,220,000 | n/a | 0.2% | |
| CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION | $2,385,000 | $1,210,000 | -49.3% | 0.2% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $1,085,000 | $1,195,000 | 10.1% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,185,000 | $1,160,000 | -63.6% | 0.2% |
| Bell Bank | $1,125,000 | n/a | 0.2% | |
| UNION HOME MORTGAGE CORP. | $565,000 | $1,105,000 | 95.6% | 0.2% |
| The Central Trust Bank | $730,000 | $1,035,000 | 41.8% | 0.2% |
| Amerifirst Financial, Inc. | $285,000 | $1,010,000 | 254.4% | 0.2% |
| Ally Bank | $2,140,000 | $1,000,000 | -53.3% | 0.2% |
| CRESCENT MORTGAGE COMPANY | $1,830,000 | $1,000,000 | -45.4% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,235,000 | $975,000 | -21.1% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $3,165,000 | $965,000 | -69.5% | 0.2% |
| First-Citizens Bank & Trust Company | $955,000 | n/a | 0.2% | |
| Truist | $625,000 | $945,000 | 51.2% | 0.2% |
| KELLER MORTGAGE, LLC | $2,180,000 | $930,000 | -57.3% | 0.2% |
| MOUNTAIN AMERICA | $765,000 | $900,000 | 17.6% | 0.2% |
| Flanagan State Bank | $4,185,000 | $880,000 | -79.0% | 0.2% |
| UNIVERSAL LENDING CORPORATION | $1,285,000 | $785,000 | -38.9% | 0.2% |
| Citibank | $1,230,000 | $780,000 | -36.6% | 0.2% |
| SWBC MORTGAGE CORPORATION | $1,240,000 | $780,000 | -37.1% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $2,710,000 | $765,000 | -71.8% | 0.2% |
| HUNT MORTGAGE CORPORATION | $755,000 | n/a | 0.2% | |
| Waterstone Mortgage Corporation | $400,000 | $730,000 | 82.5% | 0.1% |
| Franklin Loan Corporation | $305,000 | $725,000 | 137.7% | 0.1% |
| Nations Lending Corporation | $1,265,000 | $725,000 | -42.7% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,165,000 | $700,000 | -39.9% | 0.1% |
| ZILLOW HOME LOANS, LLC | $535,000 | $700,000 | 30.8% | 0.1% |
| EVERETT FINANCIAL, INC. | $305,000 | $695,000 | 127.9% | 0.1% |
| The Federal Savings Bank | $1,410,000 | $645,000 | -54.3% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,825,000 | $590,000 | -67.7% | 0.1% |
| Goldman Sachs Bank USA | $585,000 | n/a | 0.1% | |
| First National Bank | $575,000 | n/a | 0.1% | |
| Elevations Credit Union | $2,315,000 | $565,000 | -75.6% | 0.1% |
| WESTERRA CREDIT UNION | $1,060,000 | $565,000 | -46.7% | 0.1% |
| Stifel Bank and Trust | $1,020,000 | $560,000 | -45.1% | 0.1% |
| BNY Mellon | $835,000 | $555,000 | -33.5% | 0.1% |
| LOANPEOPLE, LLC | $555,000 | n/a | 0.1% | |
| INTERCAP LENDING INC. | $545,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $525,000 | $530,000 | 1.0% | 0.1% |
| AmeriHome Mortgage Company, LLC | $475,000 | $520,000 | 9.5% | 0.1% |
| Adams Bank & Trust | $505,000 | n/a | 0.1% | |
| UBS Bank USA | $1,065,000 | $505,000 | -52.6% | 0.1% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $495,000 | n/a | 0.1% | |
| PARTNER COLORADO | $205,000 | $495,000 | 141.5% | 0.1% |
| Glacier Bank | $160,000 | $485,000 | 203.1% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $475,000 | n/a | 0.1% | |
| Armed Forces Bank | $465,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $455,000 | n/a | 0.1% | |
| Red Rocks Credit Union | $130,000 | $445,000 | 242.3% | 0.1% |
| BOKF | $620,000 | $425,000 | -31.5% | 0.1% |
| INTERCOASTAL MORTGAGE COMPANY | $425,000 | n/a | 0.1% | |
| Wyndham Capital Mortgage, Inc. | $1,440,000 | $420,000 | -70.8% | 0.1% |
| Bank of England | $415,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $415,000 | $415,000 | 0.0% | 0.1% |
| PNC Bank | $545,000 | $410,000 | -24.8% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $405,000 | n/a | 0.1% | |
| J. VIRGIL, INC. | $405,000 | n/a | 0.1% | |
| Umpqua Bank | $405,000 | n/a | 0.1% | |
| First Financial Bank | $335,000 | $395,000 | 17.9% | 0.1% |
| Central Bank Illinois | $385,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,465,000 | $385,000 | -73.7% | 0.1% |
| WINGS FINANCIAL | $285,000 | $385,000 | 35.1% | 0.1% |
| SIRVA MORTGAGE, INC. | $255,000 | $365,000 | 43.1% | 0.1% |
| SPRING EQ, LLC | $205,000 | $365,000 | 78.0% | 0.1% |
| Toyota Financial Savings Bank | $365,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $205,000 | $340,000 | 65.9% | 0.1% |
| ALL REVERSE MORTGAGE, INC. | $760,000 | $325,000 | -57.2% | 0.1% |
| NFM, INC. | $315,000 | n/a | 0.1% | |
| SUMMIT FUNDING, INC. | $305,000 | n/a | 0.1% | |
| THRIVENT Federal Credit Union | $245,000 | $305,000 | 24.5% | 0.1% |
| CONTOUR MORTGAGE CORPORATION | $295,000 | n/a | 0.1% | |
| HOME MORTGAGE ALLIANCE, LLC | $390,000 | $295,000 | -24.4% | 0.1% |
| Independent Bank | $245,000 | $295,000 | 20.4% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $970,000 | $295,000 | -69.6% | 0.1% |
| COLORAMO | $590,000 | $285,000 | -51.7% | 0.1% |
| The Union Bank Company | $285,000 | n/a | 0.1% | |
| CANVAS CREDIT UNION | $465,000 | $280,000 | -39.8% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $275,000 | n/a | 0.1% | |
| First Bank | $275,000 | n/a | 0.1% | |
| LOANPAL, LLC | $1,310,000 | $275,000 | -79.0% | 0.1% |
| M&T Bank | $160,000 | $275,000 | 71.9% | 0.1% |
| THRIVE MORTGAGE, LLC | $365,000 | $275,000 | -24.7% | 0.1% |
| Arvest Bank | $265,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $1,030,000 | $255,000 | -75.2% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $125,000 | $245,000 | 96.0% | 0.0% |
| Northwest Farm Credit Services, FLCA | $245,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $955,000 | $235,000 | -75.4% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $235,000 | n/a | 0.0% | |
| BancFirst | $225,000 | n/a | 0.0% | |
| ENDEAVOR CAPITAL, LLC. | $495,000 | $225,000 | -54.5% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $225,000 | n/a | 0.0% | |
| NP, Inc. | $145,000 | $225,000 | 55.2% | 0.0% |
| Old National Bank | $225,000 | n/a | 0.0% | |
| Grand Valley Bank | $895,000 | $215,000 | -76.0% | 0.0% |
| EMM LOANS LLC | $205,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $205,000 | n/a | 0.0% | |
| First National Bank of Omaha | $205,000 | n/a | 0.0% | |
| Peak Financial | $185,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $310,000 | $175,000 | -43.5% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $175,000 | n/a | 0.0% | |
| Servion, Inc. | $175,000 | n/a | 0.0% | |
| Sooper Credit Union | $175,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $165,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $165,000 | n/a | 0.0% | |
| Discover Bank | $225,000 | $160,000 | -28.9% | 0.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,140,000 | $155,000 | -86.4% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $270,000 | $130,000 | -51.9% | 0.0% |
| PREMIER MEMBERS CREDIT UNION | $570,000 | $120,000 | -78.9% | 0.0% |
| NUMARK CREDIT UNION | $105,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $105,000 | $95,000 | -9.5% | 0.0% |
| ALLIANT CREDIT UNION | $175,000 | $85,000 | -51.4% | 0.0% |
| Citywide Banks | $75,000 | n/a | 0.0% | |
| Figure Lending LLC | $75,000 | $75,000 | 0.0% | 0.0% |
| ON TAP | $75,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
| FIRST TECHNOLOGY | $55,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $15,000 | n/a | 0.0% |
Montrose's top lender by overall market share is ACADEMY MORTGAGE CORPORATION, with 10.2% market share. In second place, with 8.2%, is Alpine Bank, having originated $40,480,000 in loans. In third place, with 7.5%, is QUICKEN LOANS, LLC, having originated $36,810,000 in loans. In fourth place, with 5.7%, is S1L, Inc., having originated $28,265,000 in loans. In fifth place, with 4.8%, is CORNERSTONE HOME LENDING, INC., having originated $23,440,000 in loans.
Montrose Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Montrose (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 | $423,675 (10.1%) | $639,076 (14.6%) | 0.00 | 308 |
| 2018-02-01 | $434,475 (14.7%) | $655,773 (17.7%) | 0.00 | 298 |
| 2018-03-01 | $437,000 (12.2%) | $647,936 (16.0%) | 0.00 | 307 |
| 2018-04-01 | $424,944 (10.4%) | $613,092 (12.7%) | 0.00 | 342 |
| 2018-05-01 | $425,000 (9.0%) | $614,730 (11.6%) | 0.00 | 372 |
| 2018-06-01 | $429,450 (8.1%) | $630,138 (12.7%) | 0.00 | 392 |
| 2018-07-01 | $424,450 (6.4%) | $619,724 (12.4%) | 0.00 | 418 |
| 2018-08-01 | $424,925 (6.5%) | $618,892 (9.6%) | 0.00 | 441 |
| 2018-09-01 | $423,750 (1.1%) | $607,932 (4.5%) | 0.00 | 442 |
| 2018-10-01 | $400,725 (-5.7%) | $623,369 (6.7%) | 0.00 | 413 |
| 2018-11-01 | $415,972 (-1.0%) | $627,526 (7.5%) | 0.00 | 395 |
| 2018-12-01 | $429,000 (3.4%) | $614,826 (0.4%) | 0.00 | 370 |
| 2019-01-01 | $427,000 (0.8%) | $608,947 (-4.7%) | 0.00 | 343 |
| 2019-02-01 | $426,750 (-1.8%) | $613,836 (-6.4%) | 0.00 | 329 |
| 2019-03-01 | $424,157 (-2.9%) | $608,744 (-6.1%) | 0.00 | 341 |
| 2019-04-01 | $429,007 (1.0%) | $614,292 (0.2%) | 0.00 | 350 |
| 2019-05-01 | $422,250 (-0.7%) | $617,872 (0.5%) | 0.00 | 374 |
| 2019-06-01 | $425,000 (-1.0%) | $606,483 (-3.8%) | 0.00 | 404 |
| 2019-07-01 | $425,000 (0.1%) | $623,455 (0.6%) | 0.00 | 419 |
| 2019-08-01 | $426,418 (0.4%) | $620,373 (0.2%) | 0.00 | 416 |
| 2019-09-01 | $428,545 (1.1%) | $620,918 (2.1%) | 0.00 | 408 |
| 2019-10-01 | $427,364 (6.7%) | $617,622 (-0.9%) | 0.00 | 402 |
| 2019-11-01 | $441,750 (6.2%) | $637,557 (1.6%) | 0.00 | 364 |
| 2019-12-01 | $450,000 (4.9%) | $669,220 (8.9%) | 0.00 | 325 |
| 2020-01-01 | $452,250 (5.9%) | $675,585 (10.9%) | 0.00 | 300 |
| 2020-02-01 | $450,000 (5.5%) | $673,337 (9.7%) | 0.00 | 275 |
| 2020-03-01 | $457,450 (7.9%) | $689,053 (13.2%) | 0.00 | 276 |
| 2020-04-01 | $448,450 (4.5%) | $670,619 (9.2%) | 0.00 | 279 |
| 2020-05-01 | $449,000 (6.3%) | $642,191 (3.9%) | 0.00 | 301 |
| 2020-06-01 | $449,250 (5.7%) | $629,646 (3.8%) | 0.00 | 326 |
| 2020-07-01 | $489,000 (15.1%) | $664,546 (6.6%) | 0.00 | 317 |
| 2020-08-01 | $524,950 (23.1%) | $725,017 (16.9%) | 0.00 | 284 |
| 2020-09-01 | $525,000 (22.5%) | $780,688 (25.7%) | 0.00 | 246 |
| 2020-10-01 | $525,000 (22.9%) | $779,029 (26.1%) | 0.00 | 212 |
| 2020-11-01 | $499,791 (13.1%) | $786,080 (23.3%) | 0.00 | 183 |
| 2020-12-01 | $547,000 (21.6%) | $876,620 (31.0%) | 0.00 | 158 |
| 2021-01-01 | $525,000 (16.1%) | $909,525 (34.6%) | 0.00 | 136 |
| 2021-02-01 | $523,450 (16.3%) | $900,365 (33.7%) | 0.00 | 131 |
| 2021-03-01 | $580,000 (26.8%) | $910,339 (32.1%) | 0.00 | 129 |
| 2021-04-01 | $612,420 (36.6%) | $969,039 (44.5%) | 0.00 | 115 |
| 2021-05-01 | $620,000 (38.1%) | $973,222 (51.6%) | 0.00 | 115 |
| 2021-06-01 | $651,750 (45.1%) | $883,429 (40.3%) | 0.00 | 147 |
| 2021-07-01 | $659,000 (34.8%) | $903,975 (36.0%) | 0.00 | 175 |
| 2021-08-01 | $662,000 (26.1%) | $941,369 (29.8%) | 0.00 | 189 |
| 2021-09-01 | $659,750 (25.7%) | $952,041 (22.0%) | 0.00 | 205 |
| 2021-10-01 | $638,000 (21.5%) | $944,251 (21.2%) | 0.00 | 190 |
| 2021-11-01 | $598,000 (19.7%) | $1,033,501 (31.5%) | 0.00 | 163 |
| 2021-12-01 | $624,925 (14.3%) | $1,068,521 (21.9%) | 0.00 | 147 |
| 2022-01-01 | $618,700 (17.9%) | $1,069,694 (17.6%) | 0.00 | 109 |
| 2022-02-01 | $649,475 (24.1%) | $1,108,325 (23.1%) | 0.00 | 100 |
| 2022-03-01 | $664,000 (14.5%) | $1,086,715 (19.4%) | 0.00 | 110 |
| 2022-04-01 | $649,000 (6.0%) | $1,031,289 (6.4%) | 0.00 | 124 |
| 2022-05-01 | $644,750 (4.0%) | $1,023,205 (5.1%) | 0.00 | 139 |
| 2022-06-01 | $659,000 (1.1%) | $1,046,080 (18.4%) | 0.00 | 178 |
| 2022-07-01 | $684,000 (3.8%) | $1,027,447 (13.7%) | 0.00 | 239 |
| 2022-08-01 | $659,000 (-0.5%) | $1,018,496 (8.2%) | 0.00 | 248 |
| 2022-09-01 | $649,497 (-1.6%) | $1,006,702 (5.7%) | 0.00 | 241 |
| 2022-10-01 | $649,000 (1.7%) | $1,021,378 (8.2%) | 0.00 | 237 |
| 2022-11-01 | $641,750 (7.3%) | $910,261 (-11.9%) | 0.00 | 228 |
| 2022-12-01 | $630,000 (0.8%) | $921,405 (-13.8%) | 0.00 | 187 |
| 2023-01-01 | $646,500 (4.5%) | $952,673 (-10.9%) | 0.00 | 158 |
| 2023-02-01 | $656,750 (1.1%) | $956,953 (-13.7%) | 0.00 | 151 |
Montrose's median listing price comes in at 0% of the national average.
Montrose's average listing price for 2023-02-01 was $956,953, a difference of $-151,372 (-13.7%) versus the prior year and $4,280 versus the prior month.
For the 2023-02-01 period, Montrose had 151 MLS listings, a difference of -7 listings (-4%) versus the prior month and 51 listings (51%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Montrose (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,168 sqft |
| 2018-02-01 | 0 days | 2,212 sqft |
| 2018-03-01 | 0 days | 2,168 sqft |
| 2018-04-01 | 0 days | 2,146 sqft |
| 2018-05-01 | 0 days | 2,146 sqft |
| 2018-06-01 | 0 days | 2,144 sqft |
| 2018-07-01 | 0 days | 2,165 sqft |
| 2018-08-01 | 0 days | 2,167 sqft |
| 2018-09-01 | 0 days | 2,148 sqft |
| 2018-10-01 | 0 days | 2,174 sqft |
| 2018-11-01 | 0 days | 2,191 sqft |
| 2018-12-01 | 0 days | 2,244 sqft |
| 2019-01-01 | 0 days | 2,204 sqft |
| 2019-02-01 | 0 days | 2,212 sqft |
| 2019-03-01 | 0 days | 2,193 sqft |
| 2019-04-01 | 0 days | 2,216 sqft |
| 2019-05-01 | 0 days | 2,227 sqft |
| 2019-06-01 | 0 days | 2,192 sqft |
| 2019-07-01 | 0 days | 2,130 sqft |
| 2019-08-01 | 0 days | 2,110 sqft |
| 2019-09-01 | 0 days | 2,106 sqft |
| 2019-10-01 | 0 days | 2,094 sqft |
| 2019-11-01 | 0 days | 2,078 sqft |
| 2019-12-01 | 0 days | 2,094 sqft |
| 2020-01-01 | 0 days | 2,095 sqft |
| 2020-02-01 | 0 days | 2,042 sqft |
| 2020-03-01 | 0 days | 2,107 sqft |
| 2020-04-01 | 0 days | 2,129 sqft |
| 2020-05-01 | 0 days | 2,107 sqft |
| 2020-06-01 | 0 days | 2,170 sqft |
| 2020-07-01 | 0 days | 2,169 sqft |
| 2020-08-01 | 0 days | 2,336 sqft |
| 2020-09-01 | 0 days | 2,309 sqft |
| 2020-10-01 | 0 days | 2,316 sqft |
| 2020-11-01 | 0 days | 2,333 sqft |
| 2020-12-01 | 0 days | 2,403 sqft |
| 2021-01-01 | 0 days | 2,400 sqft |
| 2021-02-01 | 0 days | 2,392 sqft |
| 2021-03-01 | 0 days | 2,333 sqft |
| 2021-04-01 | 0 days | 2,279 sqft |
| 2021-05-01 | 0 days | 2,324 sqft |
| 2021-06-01 | 0 days | 2,171 sqft |
| 2021-07-01 | 0 days | 2,204 sqft |
| 2021-08-01 | 0 days | 2,196 sqft |
| 2021-09-01 | 0 days | 2,181 sqft |
| 2021-10-01 | 0 days | 2,117 sqft |
| 2021-11-01 | 0 days | 2,097 sqft |
| 2021-12-01 | 0 days | 2,043 sqft |
| 2022-01-01 | 0 days | 2,005 sqft |
| 2022-02-01 | 0 days | 2,067 sqft |
| 2022-03-01 | 0 days | 2,100 sqft |
| 2022-04-01 | 0 days | 1,984 sqft |
| 2022-05-01 | 0 days | 2,008 sqft |
| 2022-06-01 | 0 days | 1,976 sqft |
| 2022-07-01 | 0 days | 1,983 sqft |
| 2022-08-01 | 0 days | 2,041 sqft |
| 2022-09-01 | 0 days | 2,052 sqft |
| 2022-10-01 | 0 days | 2,106 sqft |
| 2022-11-01 | 0 days | 2,145 sqft |
| 2022-12-01 | 0 days | 2,144 sqft |
| 2023-01-01 | 0 days | 2,156 sqft |
| 2023-02-01 | 0 days | 2,112 sqft |
Montrose's median square footage for active listings during the 2023-02-01 period was 2,112 sqft. One year prior, the average listing was 2,067 sqft.
Montrose, CO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 788 | $286,280,000 | $363,299 |
| Cash Out Refi | 350 | $98,980,000 | $282,800 |
| Refi | 224 | $68,210,000 | $304,509 |
| Home Improvement | 148 | $19,680,000 | $132,973 |
| Other | 109 | $19,845,000 | $182,064 |
Montrose's most frequently cited loan purpose was Home Purchase, with 788 originations. The 2nd most popular reason was Cash Out Refi, with 350 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 438 | $134,140,000 | $306,256 |
| 4-5% | 381 | $129,305,000 | $339,383 |
| 5-6% | 377 | $121,505,000 | $322,294 |
| 6-7% | 186 | $43,610,000 | $234,462 |
| 2.5-3% | 82 | $26,020,000 | $317,317 |
| <2.5% | 75 | $8,595,000 | $114,600 |
| 7-8% | 48 | $11,310,000 | $235,625 |
| Over 8% | 28 | $2,840,000 | $101,429 |
During 2022, Montrose's most frequently originated rate bucket was 3-4%, with 438 originations.
Loan Sizing (Montrose, CO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 769 | $219,805,000 | $285,832 |
| $100k-200k | 273 | $40,925,000 | $149,908 |
| $400k-600k | 243 | $116,155,000 | $478,004 |
| $100,000 or less | 232 | $11,010,000 | $47,457 |
| $600k-1000k | 80 | $56,450,000 | $705,625 |
| $Over $1MM | 22 | $48,650,000 | $2,211,364 |
Montrose's loan sizing saw the bucket of loans from $200k-400k with 769 originations, totaling $219,805,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 465 | $174,825,000 | $375,968 |
| 80-100% | 430 | $163,250,000 | $379,651 |
| 40-60% | 294 | $86,660,000 | $294,762 |
| Under 20% | 220 | $12,100,000 | $55,000 |
| 20-40% | 190 | $35,660,000 | $187,684 |
| Over 100% | 8 | $3,350,000 | $418,750 |
Montrose's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 465 originations, totaling $174,825,000 in origination value.