Montrose Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Montrose averaged
6.82%
for the week of 2024-11-27, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2024-11-21) was
6.65% and
one month ago for the week of 2024-10-24, the
average rate was 6.55%.
Montrose's average rate one year ago was 7.2%.
For refis of the same type during the week of 2024-11-27, the average rate
was 6.81%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-11-27 | 6.81% |
Montrose 30 Year Fixed Rate | 2024-11-27 | 6.82% |
Montrose 30 Year Fixed Rate Refi | 2024-11-27 | 6.81% |
Montrose 15 Year Fixed Rate | 2024-11-27 | 5.9% |
Montrose 15 Year Fixed Rate Refi | 2024-11-27 | 6.3% |
Montrose 30 Year FHA | 2024-11-27 | -0.06% |
Montrose 30 Year FHA Refi | 2024-11-27 | -0.1% |
Montrose 30 Year USDA | 2024-11-27 | -0.2% |
Montrose 30 Year USDA Refi | 2024-11-27 | 0% |
Montrose 30 Year VA | 2024-11-27 | -0.2% |
Montrose 30 Year VA Refi | 2024-11-27 | 0.2% |
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 86 lenders originated 983
loans during 2023. The total origination value was $285,515,000, with an average loan value of
$290,453.
Montrose's average closing costs are $5,170.
The top Montrose lender as defined by loan originations is S1L, Inc., with
47 loans originated. Their average total fees are
$10,185, which is $2,666
higher than the next largest lender,
ACADEMY MORTGAGE CORPORATION.
The lowest fee Montrose lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY ($6,005), CORNERSTONE HOME LENDING, INC. ($6,517), QUICKEN LOANS, LLC ($6,707), GENEVA FINANCIAL, LLC ($7,422) and ACADEMY MORTGAGE CORPORATION ($7,519).
The lowest rate Montrose lenders (with over 10 loans originated) are
S1L, Inc. (6.60%), QUICKEN LOANS, LLC (6.73%), UNITED WHOLESALE MORTGAGE, LLC (6.75%), CORNERSTONE HOME LENDING, INC. (6.90%) and GUILD MORTGAGE COMPANY (6.92%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
ACADEMY MORTGAGE CORPORATION | $50,530,000 | $32,530,000 | -35.6% | 11.4% |
S1L, Inc. | $28,265,000 | $23,420,000 | -17.1% | 8.2% |
INTERNATIONAL BANK | $18,705,000 | n/a | 6.6% | |
UNITED WHOLESALE MORTGAGE, LLC | $17,755,000 | $17,170,000 | -3.3% | 6.0% |
CORNERSTONE HOME LENDING, INC. | $23,440,000 | $14,805,000 | -36.8% | 5.2% |
QUICKEN LOANS, LLC | $36,810,000 | $14,275,000 | -61.2% | 5.0% |
Alpine Bank | $40,480,000 | $10,630,000 | -73.7% | 3.7% |
Bank of Colorado | $19,260,000 | $9,315,000 | -51.6% | 3.3% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $8,835,000 | $8,385,000 | -5.1% | 2.9% |
GENEVA FINANCIAL, LLC | $13,655,000 | $6,695,000 | -51.0% | 2.3% |
Zions Bank | $6,885,000 | $5,380,000 | -21.9% | 1.9% |
BMO Harris Bank | $1,670,000 | $4,770,000 | 185.6% | 1.7% |
U.S. Bank | $11,290,000 | $4,635,000 | -58.9% | 1.6% |
21ST MORTGAGE CORPORATION | $1,405,000 | $4,070,000 | 189.7% | 1.4% |
NAVY FEDERAL CREDIT UNION | $1,550,000 | $3,770,000 | 143.2% | 1.3% |
GUILD MORTGAGE COMPANY | $10,500,000 | $3,725,000 | -64.5% | 1.3% |
Mortgage Research Center, LLC | $3,515,000 | $3,230,000 | -8.1% | 1.1% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $3,725,000 | $3,175,000 | -14.8% | 1.1% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,785,000 | $3,125,000 | -17.4% | 1.1% |
Wells Fargo Bank | $17,345,000 | $3,120,000 | -82.0% | 1.1% |
CMG MORTGAGE, INC. | $3,000,000 | n/a | 1.1% | |
BROKER SOLUTIONS, INC. | $5,350,000 | $2,880,000 | -46.2% | 1.0% |
Mr. Cooper ( Nationstar Mortgage ) | $4,050,000 | $2,625,000 | -35.2% | 0.9% |
LOANDEPOT.COM, LLC | $10,795,000 | $2,335,000 | -78.4% | 0.8% |
Morgan Stanley Private Bank | $2,310,000 | $2,325,000 | 0.6% | 0.8% |
PENNYMAC LOAN SERVICES, LLC | $4,170,000 | $2,310,000 | -44.6% | 0.8% |
The Huntington National Bank | $2,215,000 | $2,280,000 | 2.9% | 0.8% |
Farm Credit Mid-America, ACA | $2,120,000 | n/a | 0.7% | |
NBH Bank | $2,090,000 | $2,000,000 | -4.3% | 0.7% |
FREEDOM MORTGAGE CORPORATION | $2,940,000 | $1,875,000 | -36.2% | 0.7% |
CROSSCOUNTRY MORTGAGE, LLC | $1,160,000 | $1,820,000 | 56.9% | 0.6% |
BELLCO | $2,260,000 | $1,685,000 | -25.4% | 0.6% |
USAA Federal Savings Bank | $2,565,000 | $1,515,000 | -40.9% | 0.5% |
MUTUAL OF OMAHA MORTGAGE, INC. | $2,820,000 | $1,495,000 | -47.0% | 0.5% |
HomeBank Texas | $1,445,000 | n/a | 0.5% | |
AMCAP MORTGAGE, LTD. | $2,515,000 | $1,390,000 | -44.7% | 0.5% |
BAY EQUITY LLC | $7,445,000 | $1,315,000 | -82.3% | 0.5% |
Origin Bank | $1,285,000 | n/a | 0.5% | |
AMERISAVE MORTGAGE CORPORATION | $1,350,000 | $1,165,000 | -13.7% | 0.4% |
The Central Trust Bank | $1,035,000 | $1,125,000 | 8.7% | 0.4% |
LADERA LENDING, INC. | $1,105,000 | n/a | 0.4% | |
BETTER MORTGAGE CORPORATION | $1,555,000 | $1,090,000 | -29.9% | 0.4% |
NEWREZ LLC | $1,655,000 | $1,085,000 | -34.4% | 0.4% |
CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION | $1,210,000 | $1,080,000 | -10.7% | 0.4% |
Elevations Credit Union | $565,000 | $1,060,000 | 87.6% | 0.4% |
Bank of America | $5,475,000 | $1,055,000 | -80.7% | 0.4% |
BancorpSouth | $1,005,000 | n/a | 0.4% | |
GUARANTEED RATE, INC. | $2,360,000 | $985,000 | -58.3% | 0.3% |
Ent Credit Union | $2,945,000 | $975,000 | -66.9% | 0.3% |
PLAZA HOME MORTGAGE, INC. | $1,320,000 | $945,000 | -28.4% | 0.3% |
UBS Bank USA | $505,000 | $915,000 | 81.2% | 0.3% |
ON TAP | $75,000 | $910,000 | 1,113.3% | 0.3% |
PNC Bank | $410,000 | $860,000 | 109.8% | 0.3% |
PENTAGON FEDERAL CREDIT UNION | $295,000 | $845,000 | 186.4% | 0.3% |
LONGBRIDGE FINANCIAL, LLC | $1,640,000 | $815,000 | -50.3% | 0.3% |
FINANCE OF AMERICA REVERSE LLC | $235,000 | $805,000 | 242.6% | 0.3% |
CHERRY CREEK MORTGAGE, LLC | $3,175,000 | $800,000 | -74.8% | 0.3% |
CHURCHILL MORTGAGE CORPORATION | $790,000 | n/a | 0.3% | |
V.I.P. MORTGAGE, INC. | $780,000 | n/a | 0.3% | |
ALLIANT CREDIT UNION | $85,000 | $725,000 | 752.9% | 0.3% |
First United Bank and Trust Company | $725,000 | n/a | 0.3% | |
United Bank | $705,000 | n/a | 0.2% | |
The Federal Savings Bank | $645,000 | $700,000 | 8.5% | 0.2% |
GUARANTY HOME MORTGAGE CORPORATION | $670,000 | n/a | 0.2% | |
Discover Bank | $160,000 | $655,000 | 309.4% | 0.2% |
Valley National Bank | $655,000 | n/a | 0.2% | |
PREMIER MEMBERS CREDIT UNION | $120,000 | $650,000 | 441.7% | 0.2% |
Barrington Bank & Trust Company, N.A. | $1,755,000 | $625,000 | -64.4% | 0.2% |
Figure Lending LLC | $75,000 | $590,000 | 686.7% | 0.2% |
BOKF | $425,000 | $545,000 | 28.2% | 0.2% |
Glacier Bank | $485,000 | $540,000 | 11.3% | 0.2% |
PHH Mortgage Corporation | $530,000 | $535,000 | 0.9% | 0.2% |
DRAPER AND KRAMER MORTGAGE CORP. | $510,000 | n/a | 0.2% | |
GROUP MORTGAGE, LLC | $505,000 | n/a | 0.2% | |
PULTE MORTGAGE LLC | $505,000 | n/a | 0.2% | |
NBKC BANK | $1,635,000 | $500,000 | -69.4% | 0.2% |
INTERCAP LENDING INC. | $545,000 | $495,000 | -9.2% | 0.2% |
Flagstar Bank, FSB | $1,500,000 | $475,000 | -68.3% | 0.2% |
COLORAMO | $285,000 | $465,000 | 63.2% | 0.2% |
Nations Lending Corporation | $725,000 | $455,000 | -37.2% | 0.2% |
GUARANTEED RATE AFFINITY, LLC | $455,000 | $435,000 | -4.4% | 0.2% |
CALIBER HOME LOANS, INC. | $1,330,000 | $415,000 | -68.8% | 0.1% |
M2 Lending Solutions, LLC | $415,000 | n/a | 0.1% | |
TRIAD FINANCIAL SERVICES, INC. | $130,000 | $410,000 | 215.4% | 0.1% |
ANB Bank | $15,655,000 | $400,000 | -97.4% | 0.1% |
Carrington Mortgage Services, LLC | $1,990,000 | $395,000 | -80.2% | 0.1% |
CREDIT UNION WEST | $395,000 | n/a | 0.1% | |
Coastal Community Bank | $390,000 | n/a | 0.1% | |
UNIVERSAL LENDING CORPORATION | $785,000 | $385,000 | -51.0% | 0.1% |
AMERICAN FINANCING CORPORATION | $2,755,000 | $380,000 | -86.2% | 0.1% |
LOANPAL, LLC | $275,000 | $380,000 | 38.2% | 0.1% |
PACIFIC RESIDENTIAL MORTGAGE, LLC | $375,000 | n/a | 0.1% | |
LAND HOME FINANCIAL SERVICES, INC. | $225,000 | $355,000 | 57.8% | 0.1% |
Sandy Spring Bank | $355,000 | n/a | 0.1% | |
VILLAGE CAPITAL MORTGAGE | $765,000 | $355,000 | -53.6% | 0.1% |
Great Plains National Bank | $345,000 | n/a | 0.1% | |
RESIDENTIAL BANCORP | $95,000 | $340,000 | 257.9% | 0.1% |
Network Funding, L.P. | $325,000 | n/a | 0.1% | |
Sierra Pacific Mortgage Company, Inc. | $325,000 | n/a | 0.1% | |
WESTERRA CREDIT UNION | $565,000 | $315,000 | -44.2% | 0.1% |
Loan Simple, Inc. | $1,220,000 | $305,000 | -75.0% | 0.1% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $300,000 | n/a | 0.1% | |
Charles Schwab Bank, SSB | $1,670,000 | $295,000 | -82.3% | 0.1% |
INTEGRITY MORTGAGE & FINANCIAL INCORPORATED | $295,000 | n/a | 0.1% | |
TRUMARK FINANCIAL CREDIT UNION | $295,000 | n/a | 0.1% | |
Northpointe Bank | $3,400,000 | $290,000 | -91.5% | 0.1% |
AMERICAN FINANCIAL NETWORK, INC. | $285,000 | n/a | 0.1% | |
CARDINAL FINANCIAL | $975,000 | $285,000 | -70.8% | 0.1% |
FIRST COMMUNITY MORTGAGE, INC. | $475,000 | $285,000 | -40.0% | 0.1% |
Honor Credit Union | $285,000 | n/a | 0.1% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $385,000 | $275,000 | -28.6% | 0.1% |
LENDINGHOME FUNDING CORPORATION | $275,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $700,000 | $275,000 | -60.7% | 0.1% |
EMM LOANS LLC | $205,000 | $265,000 | 29.3% | 0.1% |
Grand Valley Bank | $215,000 | $265,000 | 23.3% | 0.1% |
Century Mortgage Company DBA Century Lending Company | $255,000 | n/a | 0.1% | |
Firefighters First Federal Credit Union | $255,000 | n/a | 0.1% | |
Stifel Bank and Trust | $560,000 | $255,000 | -54.5% | 0.1% |
JPMorgan Chase Bank | $3,165,000 | $250,000 | -92.1% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $250,000 | n/a | 0.1% | |
First Federal Bank | $245,000 | n/a | 0.1% | |
M&T Bank | $275,000 | $245,000 | -10.9% | 0.1% |
SWBC MORTGAGE CORPORATION | $780,000 | $245,000 | -68.6% | 0.1% |
CANVAS CREDIT UNION | $280,000 | $240,000 | -14.3% | 0.1% |
AMWEST FUNDING CORP. | $235,000 | n/a | 0.1% | |
MEGASTAR FINANCIAL CORP. | $235,000 | n/a | 0.1% | |
AIR ACADEMY | $225,000 | n/a | 0.1% | |
Equity Prime Mortgage LLC | $225,000 | n/a | 0.1% | |
NMSI, INC. | $205,000 | n/a | 0.1% | |
NOVA FINANCIAL & INVESTMENT CORPORATION | $1,195,000 | $205,000 | -82.8% | 0.1% |
Advisors Mortgage Group, L.L.C. | $185,000 | n/a | 0.1% | |
Independent Bank | $295,000 | $175,000 | -40.7% | 0.1% |
THRIVE MORTGAGE, LLC | $275,000 | $165,000 | -40.0% | 0.1% |
MOUNTAIN AMERICA | $900,000 | $155,000 | -82.8% | 0.1% |
Sooper Credit Union | $175,000 | $150,000 | -14.3% | 0.1% |
Oakstar Bank | $145,000 | n/a | 0.1% | |
SECURITY SERVICE | $1,440,000 | $145,000 | -89.9% | 0.1% |
CORNING | $105,000 | n/a | 0.0% | |
QUORUM FEDERAL CREDIT UNION | $175,000 | $75,000 | -57.1% | 0.0% |
Utah Power | $65,000 | n/a | 0.0% | |
FOUR POINTS | $55,000 | n/a | 0.0% | |
Red Rocks Credit Union | $445,000 | $55,000 | -87.6% | 0.0% |
Credit Union of Denver | $45,000 | n/a | 0.0% | |
Commerce Bank | $35,000 | n/a | 0.0% | |
PARTNER COLORADO | $495,000 | $25,000 | -94.9% | 0.0% |
Montrose's top lender by overall market share is ACADEMY MORTGAGE CORPORATION, with 11.4% market share. In second place, with 8.2%, is S1L, Inc., having originated $23,420,000 in loans. In third place, with 6.6%, is INTERNATIONAL BANK, having originated $18,705,000 in loans. In fourth place, with 6.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $17,170,000 in loans. In fifth place, with 5.2%, is CORNERSTONE HOME LENDING, INC., having originated $14,805,000 in loans.
Montrose Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Montrose (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 (14.9%) | $655,773 (17.8%) | 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 | $425,125 (9.1%) | $614,730 (11.7%) | 0.00 | 372 |
2018-06-01 | $429,450 (8.1%) | $630,138 (12.7%) | 0.00 | 392 |
2018-07-01 | $423,825 (6.2%) | $618,420 (12.2%) | 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 (-5.5%) | $623,369 (6.7%) | 0.00 | 413 |
2018-11-01 | $414,847 (-1.2%) | $627,395 (7.5%) | 0.00 | 394 |
2018-12-01 | $427,500 (3.0%) | $614,538 (0.3%) | 0.00 | 369 |
2019-01-01 | $424,875 (0.3%) | $608,627 (-4.8%) | 0.00 | 342 |
2019-02-01 | $425,375 (-2.1%) | $613,504 (-6.5%) | 0.00 | 328 |
2019-03-01 | $424,071 (-3.0%) | $608,408 (-6.1%) | 0.00 | 340 |
2019-04-01 | $428,821 (0.9%) | $613,981 (0.1%) | 0.00 | 350 |
2019-05-01 | $422,250 (-0.7%) | $617,532 (0.5%) | 0.00 | 374 |
2019-06-01 | $425,000 (-1.0%) | $606,164 (-3.8%) | 0.00 | 404 |
2019-07-01 | $425,000 (0.3%) | $623,148 (0.8%) | 0.00 | 419 |
2019-08-01 | $426,418 (0.4%) | $620,061 (0.2%) | 0.00 | 416 |
2019-09-01 | $428,545 (1.1%) | $620,600 (2.1%) | 0.00 | 408 |
2019-10-01 | $427,364 (6.7%) | $617,298 (-1.0%) | 0.00 | 402 |
2019-11-01 | $441,750 (6.5%) | $637,209 (1.6%) | 0.00 | 364 |
2019-12-01 | $450,000 (5.3%) | $669,220 (8.9%) | 0.00 | 325 |
2020-01-01 | $452,250 (6.4%) | $675,585 (11.0%) | 0.00 | 300 |
2020-02-01 | $450,000 (5.8%) | $673,337 (9.8%) | 0.00 | 275 |
2020-03-01 | $457,450 (7.9%) | $689,053 (13.3%) | 0.00 | 276 |
2020-04-01 | $448,450 (4.6%) | $670,619 (9.2%) | 0.00 | 279 |
2020-05-01 | $449,000 (6.3%) | $642,191 (4.0%) | 0.00 | 301 |
2020-06-01 | $449,250 (5.7%) | $629,646 (3.9%) | 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 (25.8%) | 0.00 | 246 |
2020-10-01 | $525,000 (22.9%) | $779,029 (26.2%) | 0.00 | 212 |
2020-11-01 | $499,791 (13.1%) | $786,080 (23.4%) | 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%) | $897,339 (35.0%) | 0.00 | 174 |
2021-08-01 | $659,750 (25.7%) | $903,377 (24.6%) | 0.00 | 188 |
2021-09-01 | $653,725 (24.5%) | $916,885 (17.5%) | 0.00 | 204 |
2021-10-01 | $636,250 (21.2%) | $904,484 (16.1%) | 0.00 | 189 |
2021-11-01 | $594,722 (19.0%) | $990,658 (26.0%) | 0.00 | 162 |
2021-12-01 | $622,450 (13.8%) | $1,020,996 (16.5%) | 0.00 | 146 |
2022-01-01 | $608,350 (15.9%) | $1,012,079 (11.3%) | 0.00 | 108 |
2022-02-01 | $640,450 (22.4%) | $1,038,542 (15.4%) | 0.00 | 99 |
2022-03-01 | $661,500 (14.1%) | $1,022,252 (12.3%) | 0.00 | 109 |
2022-04-01 | $649,000 (6.0%) | $973,950 (0.5%) | 0.00 | 123 |
2022-05-01 | $640,500 (3.3%) | $974,583 (0.1%) | 0.00 | 138 |
2022-06-01 | $654,000 (0.4%) | $1,002,828 (13.5%) | 0.00 | 177 |
2022-07-01 | $679,000 (3.0%) | $993,686 (10.7%) | 0.00 | 238 |
2022-08-01 | $659,000 (-0.1%) | $1,003,964 (11.1%) | 0.00 | 248 |
2022-09-01 | $649,497 (-0.7%) | $1,006,702 (9.8%) | 0.00 | 241 |
2022-10-01 | $649,000 (2.0%) | $1,021,378 (12.9%) | 0.00 | 237 |
2022-11-01 | $641,750 (7.9%) | $910,261 (-8.1%) | 0.00 | 228 |
2022-12-01 | $630,000 (1.2%) | $921,405 (-9.8%) | 0.00 | 187 |
2023-01-01 | $646,500 (6.3%) | $952,673 (-5.9%) | 0.00 | 158 |
2023-02-01 | $656,750 (2.6%) | $956,953 (-7.9%) | 0.00 | 151 |
2023-03-01 | $639,015 (-3.4%) | $941,384 (-7.9%) | 0.00 | 151 |
2023-04-01 | $612,400 (-5.6%) | $895,168 (-8.1%) | 0.00 | 184 |
2023-05-01 | $608,675 (-5.0%) | $868,838 (-10.9%) | 0.00 | 217 |
2023-06-01 | $631,060 (-3.5%) | $936,656 (-6.6%) | 0.00 | 239 |
2023-07-01 | $633,030 (-6.8%) | $954,036 (-4.0%) | 0.00 | 263 |
2023-08-01 | $599,000 (-9.1%) | $912,370 (-9.1%) | 0.00 | 285 |
2023-09-01 | $631,060 (-2.8%) | $936,374 (-7.0%) | 0.00 | 273 |
2023-10-01 | $626,688 (-3.4%) | $901,426 (-11.7%) | 0.00 | 262 |
2023-11-01 | $630,265 (-1.8%) | $904,713 (-0.6%) | 0.00 | 247 |
2023-12-01 | $672,000 (6.7%) | $961,013 (4.3%) | 0.00 | 236 |
2024-01-01 | $672,500 (4.0%) | $994,425 (4.4%) | 0.00 | 217 |
2024-02-01 | $689,900 (5.1%) | $976,107 (2.0%) | 0.00 | 212 |
2024-03-01 | $699,000 (9.4%) | $993,808 (5.6%) | 0.00 | 220 |
2024-04-01 | $699,000 (14.1%) | $983,936 (9.9%) | 0.00 | 243 |
2024-05-01 | $699,500 (14.9%) | $987,842 (13.7%) | 0.00 | 246 |
2024-06-01 | $700,000 (10.9%) | $1,024,287 (9.4%) | 0.00 | 310 |
2024-07-01 | $686,750 (8.5%) | $979,586 (2.7%) | 0.00 | 345 |
2024-08-01 | $649,950 (8.5%) | $941,159 (3.2%) | 0.00 | 345 |
2024-09-01 | $629,700 (-0.2%) | $925,560 (-1.2%) | 0.00 | 343 |
2024-10-01 | $644,300 (2.8%) | $928,722 (3.0%) | 0.00 | 335 |
Montrose's median listing price comes in at 0% of the national average.
Montrose's average listing price for 2024-10-01 was $928,722, a difference of $27,296 (3.0%) versus the prior year and $3,162 versus the prior month.
For the 2024-10-01 period, Montrose had 335 MLS listings, a difference of -8 listings (-2%) versus the prior month and 73 listings (28%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Montrose (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 2,245 sqft |
2019-01-01 | 0 days | 2,207 sqft |
2019-02-01 | 0 days | 2,221 sqft |
2019-03-01 | 0 days | 2,197 sqft |
2019-04-01 | 0 days | 2,224 sqft |
2019-05-01 | 0 days | 2,238 sqft |
2019-06-01 | 0 days | 2,194 sqft |
2019-07-01 | 0 days | 2,138 sqft |
2019-08-01 | 0 days | 2,122 sqft |
2019-09-01 | 0 days | 2,112 sqft |
2019-10-01 | 0 days | 2,096 sqft |
2019-11-01 | 0 days | 2,080 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 | 2,192 sqft |
2021-09-01 | 0 days | 2,176 sqft |
2021-10-01 | 0 days | 2,112 sqft |
2021-11-01 | 0 days | 2,094 sqft |
2021-12-01 | 0 days | 2,038 sqft |
2022-01-01 | 0 days | 2,003 sqft |
2022-02-01 | 0 days | 2,061 sqft |
2022-03-01 | 0 days | 2,081 sqft |
2022-04-01 | 0 days | 1,968 sqft |
2022-05-01 | 0 days | 2,000 sqft |
2022-06-01 | 0 days | 1,974 sqft |
2022-07-01 | 0 days | 1,981 sqft |
2022-08-01 | 0 days | 2,040 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 |
2023-03-01 | 0 days | 1,986 sqft |
2023-04-01 | 0 days | 1,944 sqft |
2023-05-01 | 0 days | 1,985 sqft |
2023-06-01 | 0 days | 2,035 sqft |
2023-07-01 | 0 days | 2,032 sqft |
2023-08-01 | 0 days | 1,992 sqft |
2023-09-01 | 0 days | 2,017 sqft |
2023-10-01 | 0 days | 2,014 sqft |
2023-11-01 | 0 days | 1,997 sqft |
2023-12-01 | 0 days | 1,998 sqft |
2024-01-01 | 0 days | 1,982 sqft |
2024-02-01 | 0 days | 1,988 sqft |
2024-03-01 | 0 days | 2,001 sqft |
2024-04-01 | 0 days | 2,008 sqft |
2024-05-01 | 0 days | 2,053 sqft |
2024-06-01 | 0 days | 2,001 sqft |
2024-07-01 | 0 days | 1,996 sqft |
2024-08-01 | 0 days | 1,990 sqft |
2024-09-01 | 0 days | 1,959 sqft |
2024-10-01 | 0 days | 1,981 sqft |
Montrose's median square footage for active listings during the 2024-10-01 period was 1,981 sqft. One year prior, the average listing was 2,014 sqft.
Montrose, CO Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 594 | $212,960,000 | $358,519 |
Cash Out Refi | 111 | $26,795,000 | $241,396 |
Refi | 106 | $24,940,000 | $235,283 |
Home Improvement | 91 | $9,395,000 | $103,242 |
Other | 81 | $11,425,000 | $141,049 |
Montrose's most frequently cited loan purpose was Home Purchase, with 594 originations. The 2nd most popular reason was Cash Out Refi, with 111 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 330 | $109,960,000 | $333,212 |
7-8% | 228 | $71,520,000 | $313,684 |
Over 8% | 223 | $31,025,000 | $139,126 |
5-6% | 122 | $44,070,000 | $361,230 |
<2.5% | 51 | $1,015,000 | $19,902 |
4-5% | 9 | $3,005,000 | $333,889 |
3-4% | 2 | $830,000 | $415,000 |
During 2023, Montrose's most frequently originated rate bucket was 6-7%, with 330 originations.
Loan Sizing (Montrose, CO MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 404 | $121,430,000 | $300,569 |
$100,000 or less | 217 | $9,855,000 | $45,415 |
$100k-200k | 170 | $24,930,000 | $146,647 |
$400k-600k | 134 | $63,620,000 | $474,776 |
$600k-1000k | 49 | $34,795,000 | $710,102 |
$Over $1MM | 9 | $30,885,000 | $3,431,667 |
Montrose's loan sizing saw the bucket of loans from $200k-400k with 404 originations, totaling $121,430,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 308 | $112,260,000 | $364,481 |
Under 20% | 214 | $12,040,000 | $56,262 |
60-80% | 177 | $68,175,000 | $385,169 |
40-60% | 133 | $37,455,000 | $281,617 |
20-40% | 118 | $21,840,000 | $185,085 |
Over 100% | 7 | $3,055,000 | $436,429 |
Montrose's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 308 originations, totaling $112,260,000 in origination value.