Montrose Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Montrose, CO.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
S1L, Inc. 47 6.60% $10,185
ACADEMY MORTGAGE CORPORATION 35 7.02% $7,519
UNITED WHOLESALE MORTGAGE, LLC 31 6.75% $8,881
CORNERSTONE HOME LENDING, INC. 28 6.90% $6,517
QUICKEN LOANS, LLC 26 6.73% $6,707
ARK-LA-TEX FINANCIAL SERVICES, LLC. 19 7.04% $7,760
GUILD MORTGAGE COMPANY 12 6.92% $6,005
GENEVA FINANCIAL, LLC 10 7.31% $7,422
U.S. Bank 8 6.51% $5,367
Wells Fargo Bank 7 7.07% $3,891
Alpine Bank 7 7.44% $3,142
Bank of Colorado 6 6.83% $5,238
CMG MORTGAGE, INC. 6 7.10% $5,049
BROKER SOLUTIONS, INC. 5 6.80% $5,062
NAVY FEDERAL CREDIT UNION 4 6.28% $4,755
Morgan Stanley Private Bank 3 5.77% $3,254
PLAZA HOME MORTGAGE, INC. 3 6.88% $4,410
Mr. Cooper ( Nationstar Mortgage ) 3 6.45% $6,919
The Huntington National Bank 3 6.38% $5,080
CROSSCOUNTRY MORTGAGE, LLC 3 6.94% $6,212
NEWREZ LLC 3 6.04% $11,118
LOANDEPOT.COM, LLC 3 6.46% $6,755
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.13% $3,135
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.75% $4,012
AMERISAVE MORTGAGE CORPORATION 3 6.13% $7,810
ON TAP 3 6.75% $2,143
CHURCHILL MORTGAGE CORPORATION 2 7.49% $8,915
Ent Credit Union 2 5.88% $2,705
NBKC BANK 2 7.38% $2,162
Northpointe Bank 2 7.19% $4,936
Farm Credit Mid-America, ACA 2 7.63% $10,472
AMCAP MORTGAGE, LTD. 2 7.50% $8,477
BMO Harris Bank 2 6.63% $4,660
Bank of America 2 6.63% $3,636
GUARANTY HOME MORTGAGE CORPORATION 2 7.25% $4,496
BAY EQUITY LLC 2 6.18% $5,971
BETTER MORTGAGE CORPORATION 2 5.38% $17,308
PREMIER MEMBERS CREDIT UNION 1 4.88% $5,237
PULTE MORTGAGE LLC 1 5.88% $1,709
ROYAL UNITED MORTGAGE LLC 1 7.00% $9,146
Sandy Spring Bank 1 6.99% $5,318
Sierra Pacific Mortgage Company, Inc. 1 6.88% $3,727
SWBC MORTGAGE CORPORATION 1 6.75% $2,170
The Central Trust Bank 1 7.38% $4,086
TRUMARK FINANCIAL CREDIT UNION 1 5.88% $2,600
UBS Bank USA 1 5.50% $3,286
USAA Federal Savings Bank 1 6.25% $3,396
Valley National Bank 1 6.88% $3,741
ZILLOW HOME LOANS, LLC 1 6.88% $3,023
Zions Bank 1 5.38% $3,671
ALLIANT CREDIT UNION 1 5.50% $17,602
AMERICAN FINANCING CORPORATION 1 6.13% $7,932
ANB Bank 1 6.75% $1,808
BancorpSouth 1 7.75% $14,955
CALIBER HOME LOANS, INC. 1 5.99% $7,505
CANVAS CREDIT UNION 1 7.50% $2,575
CARDINAL FINANCIAL 1 6.99% $2,173
CHERRY CREEK MORTGAGE, LLC 1 6.88% $149
COLORAMO 1 5.75% $10,842
CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION 1 5.88% $4,696
CREDIT UNION WEST 1 5.88% $5,074
Discover Bank 1 6.24% $0
DRAPER AND KRAMER MORTGAGE CORP. 1 7.38% $5,137
Elevations Credit Union 1 6.50% $3,298
Firefighters First Federal Credit Union 1 5.25% $2,053
First Federal Bank 1 6.00% $2,830
First United Bank and Trust Company 1 7.63% $6,751
FREEDOM MORTGAGE CORPORATION 1 5.75% $7,966
Glacier Bank 1 7.38% $2,540
Grand Valley Bank 1 6.50% $3,301
GROUP MORTGAGE, LLC 1 6.88% $14,468
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 8.25% $3,647
JPMorgan Chase Bank 1 6.13% $4,086
LADERA LENDING, INC. 1 7.13% $10,437
M2 Lending Solutions, LLC 1 6.63% $3,095
MEGASTAR FINANCIAL CORP. 1 6.50% $4,897
Mortgage Research Center, LLC 1 7.25% $8,641
M&T Bank 1 6.88% $10,386
NBH Bank 1 5.88% $4,087
NMSI, INC. 1 6.88% $6,406
NOVA FINANCIAL & INVESTMENT CORPORATION 1 7.13% $3,122
Origin Bank 1 7.75% $4,547
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.50% $17,716
PENNYMAC LOAN SERVICES, LLC 1 6.00% $14,889
PENTAGON FEDERAL CREDIT UNION 1 6.38% $2,810
PNC Bank 1 5.88% $4,339

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. 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 (14.9%) $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 for 2024-10-01 was $644,300, a difference of $17,612 (2.8%) versus the prior year and $14,600 versus the prior month.

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. 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 2,245 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 listing age (time on market) for 2024-10-01 was 0 days.

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.