Montrose Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Montrose averaged 6.99% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.7% and one month ago for the week of 2024-10-10, the average rate was 6.23%.

    Montrose's average rate one year ago was 7.61%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.28%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Montrose 30 Year Fixed Rate 2024-11-14 6.99%
    Montrose 30 Year Fixed Rate Refi 2024-11-14 7.28%
    Montrose 15 Year Fixed Rate 2024-11-14 6.09%
    Montrose 15 Year Fixed Rate Refi 2024-11-14 6.29%
    Montrose 30 Year FHA 2024-11-14 0.14%
    Montrose 30 Year FHA Refi 2024-11-14 -0.2%
    Montrose 30 Year USDA 2024-11-14 0%
    Montrose 30 Year USDA Refi 2024-11-14 0.1%
    Montrose 30 Year VA 2024-11-14 0%
    Montrose 30 Year VA Refi 2024-11-14 0.1%
    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.