Morgan City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Morgan City averaged
6.14%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
5.94% and
one month ago for the week of 2024-09-05, the
average rate was 6.37%.
Morgan City's average rate one year ago was 7.51%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.52%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Morgan City 30 Year Fixed Rate | 2024-10-10 | 6.14% |
Morgan City 30 Year Fixed Rate Refi | 2024-10-10 | 6.52% |
Morgan City 15 Year Fixed Rate | 2024-10-10 | 5.21% |
Morgan City 15 Year Fixed Rate Refi | 2024-10-10 | 5.41% |
Morgan City 30 Year FHA | 2024-10-10 | 6.2% |
Morgan City 30 Year FHA Refi | 2024-10-10 | 6% |
Morgan City 30 Year USDA | 2024-10-10 | 6.28% |
Morgan City 30 Year USDA Refi | 2024-10-10 | 6.28% |
Morgan City 30 Year VA | 2024-10-10 | 5.75% |
Morgan City 30 Year VA Refi | 2024-10-10 | 5.75% |
Morgan City 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 Morgan City, LA 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 |
---|---|---|---|
First Horizon Bank | 20 | 6.43% | $4,950 |
Flagstar Bank, FSB | 11 | 7.10% | $4,987 |
GMFS LLC | 10 | 7.09% | $4,055 |
UNITED WHOLESALE MORTGAGE, LLC | 8 | 6.73% | $6,133 |
QUICKEN LOANS, LLC | 3 | 6.96% | $5,405 |
Regions Bank | 2 | 6.13% | $5,520 |
Citizens Bank | 2 | 6.19% | $4,012 |
Hancock Whitney Bank | 2 | 6.81% | $5,408 |
JPMorgan Chase Bank | 1 | 7.13% | $0 |
LOANDEPOT.COM, LLC | 1 | 5.99% | $8,827 |
Morgan Stanley Private Bank | 1 | 6.00% | $3,338 |
MORTGAGE FINANCIAL SERVICES, LLC | 1 | 6.75% | $3,668 |
NAVY FEDERAL CREDIT UNION | 1 | 8.13% | $1,905 |
PENNYMAC LOAN SERVICES, LLC | 1 | 5.88% | $7,962 |
Trustmark National Bank | 1 | 6.88% | $3,735 |
AMERICAN FINANCIAL RESOURCES, INC. | 1 | 7.13% | $10,707 |
Wolfe Financial, Inc | 1 | 6.63% | $6,225 |
Assurance Financial Group, L.L.C. | 1 | 5.99% | $3,891 |
BROKER SOLUTIONS, INC. | 1 | 6.60% | $6,906 |
DSLD MORTGAGE, LLC | 1 | 6.38% | $520 |
EUSTIS AND AMERICAN MORTGAGE COMPANY | 1 | 6.63% | $10,192 |
FIDELITY BANK | 1 | 5.75% | $4,638 |
FREEDOM MORTGAGE CORPORATION | 1 | 7.63% | $5,415 |
Gulf Coast Bank and Trust Company | 1 | 6.00% | $3,428 |
Morgan City Average Closing Costs & Other Stats
Morgan City, LA's 24 lenders originated 372
loans during 2023. The total origination value was $48,580,000, with an average loan value of
$130,591.
Morgan City's average closing costs are $4,852.
The top Morgan City lender as defined by loan originations is First Horizon Bank, with
20 loans originated. Their average total fees are
$4,950, which is $37
lower than the next largest lender,
Flagstar Bank, FSB.
The lowest fee Morgan City lenders (with over 10 loans originated) are
GMFS LLC ($4,055), First Horizon Bank ($4,950), Flagstar Bank, FSB ($4,987), .
The lowest rate Morgan City lenders (with over 10 loans originated) are
First Horizon Bank (6.43%), GMFS LLC (7.09%), Flagstar Bank, FSB (7.10%), .
Morgan City, LA 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 |
---|---|---|---|---|
First Horizon Bank | $11,525,000 | $6,005,000 | -47.9% | 12.4% |
The First National Bank of Jeanerette | $4,940,000 | $5,620,000 | 13.8% | 11.6% |
UNITED WHOLESALE MORTGAGE, LLC | $4,845,000 | $4,925,000 | 1.7% | 10.1% |
Flagstar Bank, FSB | $7,500,000 | $3,935,000 | -47.5% | 8.1% |
M C Bank & Trust Company | $4,800,000 | $3,665,000 | -23.6% | 7.5% |
GMFS LLC | $3,985,000 | $2,930,000 | -26.5% | 6.0% |
QUICKEN LOANS, LLC | $3,005,000 | $1,380,000 | -54.1% | 2.8% |
Mortgage Research Center, LLC | $1,000,000 | $1,290,000 | 29.0% | 2.7% |
NAVY FEDERAL CREDIT UNION | $1,160,000 | n/a | 2.4% | |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $1,080,000 | $1,055,000 | -2.3% | 2.2% |
Hancock Whitney Bank | $2,880,000 | $985,000 | -65.8% | 2.0% |
Regions Bank | $680,000 | $925,000 | 36.0% | 1.9% |
MID AMERICA MORTGAGE, INC. | $410,000 | $735,000 | 79.3% | 1.5% |
Gulf Coast Bank and Trust Company | $300,000 | $705,000 | 135.0% | 1.5% |
NEWREZ LLC | $240,000 | $705,000 | 193.8% | 1.5% |
JPMorgan Chase Bank | $455,000 | $625,000 | 37.4% | 1.3% |
Assurance Financial Group, L.L.C. | $1,095,000 | $605,000 | -44.7% | 1.2% |
Community First Bank | $1,995,000 | $565,000 | -71.7% | 1.2% |
Carrington Mortgage Services, LLC | $485,000 | n/a | 1.0% | |
Citizens Bank | $460,000 | n/a | 0.9% | |
CARDINAL FINANCIAL | $375,000 | $450,000 | 20.0% | 0.9% |
PENNYMAC LOAN SERVICES, LLC | $705,000 | $415,000 | -41.1% | 0.9% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $695,000 | $405,000 | -41.7% | 0.8% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $390,000 | n/a | 0.8% | |
FIDELITY BANK | $835,000 | $385,000 | -53.9% | 0.8% |
TRIAD FINANCIAL SERVICES, INC. | $305,000 | $385,000 | 26.2% | 0.8% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $155,000 | $365,000 | 135.5% | 0.8% |
Synergy Bank | $1,965,000 | $315,000 | -84.0% | 0.6% |
SOUTHPOINT FINANCIAL SERVICES, INC. | $300,000 | n/a | 0.6% | |
21ST MORTGAGE CORPORATION | $735,000 | $295,000 | -59.9% | 0.6% |
Mr. Cooper ( Nationstar Mortgage ) | $380,000 | $270,000 | -28.9% | 0.6% |
b1BANK | $605,000 | $265,000 | -56.2% | 0.5% |
Abbeville Building & Loan (A State-Chartered Savings Bank) | $250,000 | n/a | 0.5% | |
BROKER SOLUTIONS, INC. | $95,000 | $250,000 | 163.2% | 0.5% |
South Louisiana Bank | $225,000 | n/a | 0.5% | |
FREEDOM MORTGAGE CORPORATION | $480,000 | $220,000 | -54.2% | 0.5% |
RELIANCE FIRST CAPITAL, LLC | $215,000 | n/a | 0.4% | |
BANK OF SUNSET AND TRUST CO | $205,000 | n/a | 0.4% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $280,000 | $205,000 | -26.8% | 0.4% |
AMERICAN FINANCIAL RESOURCES, INC. | $765,000 | $195,000 | -74.5% | 0.4% |
Morgan Stanley Private Bank | $195,000 | n/a | 0.4% | |
Rayne State Bank & Trust Company | $195,000 | n/a | 0.4% | |
UNION HOME MORTGAGE CORP. | $255,000 | $195,000 | -23.5% | 0.4% |
Farmers-Merchants Bank & Trust Company | $55,000 | $185,000 | 236.4% | 0.4% |
LOANDEPOT.COM, LLC | $3,335,000 | $185,000 | -94.5% | 0.4% |
PLAZA HOME MORTGAGE, INC. | $175,000 | n/a | 0.4% | |
USAA Federal Savings Bank | $305,000 | $165,000 | -45.9% | 0.3% |
Wolfe Financial, Inc | $165,000 | n/a | 0.3% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $155,000 | n/a | 0.3% | |
The Evangeline Bank & Trust Company | $800,000 | $155,000 | -80.6% | 0.3% |
DSLD MORTGAGE, LLC | $145,000 | n/a | 0.3% | |
MORTGAGE FINANCIAL SERVICES, LLC | $145,000 | n/a | 0.3% | |
First American Bank and Trust | $180,000 | $140,000 | -22.2% | 0.3% |
Wells Fargo Bank | $155,000 | $135,000 | -12.9% | 0.3% |
Jeff Davis Bancshares | $605,000 | $130,000 | -78.5% | 0.3% |
FIRST COMMUNITY MORTGAGE, INC. | $125,000 | n/a | 0.3% | |
Trustmark National Bank | $125,000 | n/a | 0.3% | |
Hometown Equity Mortgage, LLC | $115,000 | n/a | 0.2% | |
Paramount Residential Mortgage Group, Inc. | $115,000 | n/a | 0.2% | |
CSL Financial, LLC | $325,000 | $105,000 | -67.7% | 0.2% |
Bank of Abbeville & Trust Company | $90,000 | n/a | 0.2% | |
COUNTRYPLACE MORTGAGE, LTD. | $95,000 | $85,000 | -10.5% | 0.2% |
MERITUS Federal Credit Union | $75,000 | n/a | 0.2% | |
Coastal Community Bank | $55,000 | n/a | 0.1% | |
SPRING EQ, LLC | $55,000 | $55,000 | 0.0% | 0.1% |
BMO Harris Bank | $45,000 | n/a | 0.1% | |
Discover Bank | $55,000 | $35,000 | -36.4% | 0.1% |
Figure Lending LLC | $35,000 | n/a | 0.1% | |
Home Bank | $295,000 | $25,000 | -91.5% | 0.1% |
Signature Federal Credit Union | $115,000 | $25,000 | -78.3% | 0.1% |
Morgan City's top lender by overall market share is First Horizon Bank, with 12.4% market share. In second place, with 11.6%, is The First National Bank of Jeanerette, having originated $5,620,000 in loans. In third place, with 10.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $4,925,000 in loans. In fourth place, with 8.1%, is Flagstar Bank, FSB, having originated $3,935,000 in loans. In fifth place, with 7.5%, is M C Bank & Trust Company, having originated $3,665,000 in loans.
Morgan City Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Morgan City (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 | $135,850 (5.5%) | $209,469 (1.1%) | 0.00 | 152 |
2018-02-01 | $135,725 (4.7%) | $210,850 (-0.7%) | 0.00 | 148 |
2018-03-01 | $142,000 (-0.3%) | $210,979 (-4.5%) | 0.00 | 150 |
2018-04-01 | $143,000 (-4.4%) | $210,249 (-6.7%) | 0.00 | 164 |
2018-05-01 | $140,450 (-7.6%) | $210,658 (-10.9%) | 0.00 | 159 |
2018-06-01 | $139,700 (-6.9%) | $203,397 (-7.6%) | 0.00 | 169 |
2018-07-01 | $148,225 (-0.1%) | $206,270 (2.3%) | 0.00 | 164 |
2018-08-01 | $149,450 (5.5%) | $205,367 (4.4%) | 0.00 | 171 |
2018-09-01 | $150,000 (1.7%) | $204,549 (4.9%) | 0.00 | 164 |
2018-10-01 | $153,750 (12.6%) | $209,148 (7.0%) | 0.00 | 159 |
2018-11-01 | $151,250 (7.3%) | $204,377 (3.0%) | 0.00 | 158 |
2018-12-01 | $150,000 (11.1%) | $203,537 (3.4%) | 0.00 | 150 |
2019-01-01 | $150,000 (10.4%) | $199,035 (-5.0%) | 0.00 | 152 |
2019-02-01 | $157,175 (15.8%) | $198,487 (-5.9%) | 0.00 | 165 |
2019-03-01 | $154,550 (8.8%) | $199,692 (-5.4%) | 0.00 | 165 |
2019-04-01 | $150,000 (4.9%) | $207,994 (-1.1%) | 0.00 | 163 |
2019-05-01 | $149,900 (6.7%) | $207,946 (-1.3%) | 0.00 | 160 |
2019-06-01 | $142,450 (2.0%) | $207,804 (2.2%) | 0.00 | 165 |
2019-07-01 | $145,250 (-2.0%) | $211,326 (2.5%) | 0.00 | 171 |
2019-08-01 | $144,455 (-3.3%) | $209,940 (2.2%) | 0.00 | 165 |
2019-09-01 | $143,636 (-4.2%) | $206,222 (0.8%) | 0.00 | 162 |
2019-10-01 | $143,000 (-7.0%) | $204,458 (-2.2%) | 0.00 | 158 |
2019-11-01 | $143,000 (-5.5%) | $207,874 (1.7%) | 0.00 | 152 |
2019-12-01 | $140,650 (-6.2%) | $208,555 (2.5%) | 0.00 | 144 |
2020-01-01 | $135,000 (-10.0%) | $200,401 (0.7%) | 0.00 | 150 |
2020-02-01 | $135,000 (-14.1%) | $199,553 (0.5%) | 0.00 | 162 |
2020-03-01 | $134,675 (-12.9%) | $205,653 (3.0%) | 0.00 | 166 |
2020-04-01 | $135,000 (-10.0%) | $209,598 (0.8%) | 0.00 | 160 |
2020-05-01 | $139,250 (-7.1%) | $213,700 (2.8%) | 0.00 | 154 |
2020-06-01 | $139,950 (-1.8%) | $212,049 (2.0%) | 0.00 | 156 |
2020-07-01 | $144,750 (-0.3%) | $210,898 (-0.2%) | 0.00 | 152 |
2020-08-01 | $155,000 (7.3%) | $221,035 (5.3%) | 0.00 | 146 |
2020-09-01 | $163,525 (13.9%) | $223,655 (8.5%) | 0.00 | 138 |
2020-10-01 | $155,000 (8.4%) | $204,172 (-0.1%) | 0.00 | 134 |
2020-11-01 | $149,675 (4.7%) | $203,723 (-2.0%) | 0.00 | 136 |
2020-12-01 | $146,975 (4.5%) | $227,215 (9.0%) | 0.00 | 129 |
2021-01-01 | $145,000 (7.4%) | $229,119 (14.3%) | 0.00 | 115 |
2021-02-01 | $154,925 (14.8%) | $236,588 (18.6%) | 0.00 | 120 |
2021-03-01 | $153,725 (14.2%) | $253,189 (23.1%) | 0.00 | 115 |
2021-04-01 | $155,000 (14.8%) | $262,181 (25.1%) | 0.00 | 104 |
2021-05-01 | $149,900 (7.7%) | $249,687 (16.8%) | 0.00 | 97 |
2021-06-01 | $157,475 (12.5%) | $256,272 (20.9%) | 0.00 | 100 |
2021-07-01 | $169,450 (17.1%) | $250,940 (19.0%) | 0.00 | 103 |
2021-08-01 | $176,500 (13.9%) | $274,215 (24.1%) | 0.00 | 98 |
2021-09-01 | $176,000 (7.6%) | $257,351 (15.1%) | 0.00 | 105 |
2021-10-01 | $195,000 (25.8%) | $287,635 (40.9%) | 0.00 | 92 |
2021-11-01 | $199,200 (33.1%) | $288,551 (41.6%) | 0.00 | 87 |
2021-12-01 | $199,950 (36.0%) | $268,456 (18.2%) | 0.00 | 86 |
2022-01-01 | $195,000 (34.5%) | $263,790 (15.1%) | 0.00 | 88 |
2022-02-01 | $194,875 (25.8%) | $284,063 (20.1%) | 0.00 | 88 |
2022-03-01 | $188,500 (22.6%) | $278,695 (10.1%) | 0.00 | 83 |
2022-04-01 | $189,000 (21.9%) | $266,312 (1.6%) | 0.00 | 92 |
2022-05-01 | $188,750 (25.9%) | $272,309 (9.1%) | 0.00 | 100 |
2022-06-01 | $182,500 (15.9%) | $284,020 (10.8%) | 0.00 | 89 |
2022-07-01 | $169,900 (0.3%) | $280,883 (11.9%) | 0.00 | 87 |
2022-08-01 | $166,500 (-5.7%) | $271,619 (-1.0%) | 0.00 | 93 |
2022-09-01 | $159,625 (-9.3%) | $265,319 (3.1%) | 0.00 | 101 |
2022-10-01 | $163,500 (-16.2%) | $249,548 (-13.2%) | 0.00 | 103 |
2022-11-01 | $160,000 (-19.7%) | $244,611 (-15.2%) | 0.00 | 102 |
2022-12-01 | $160,000 (-20.0%) | $241,658 (-10.0%) | 0.00 | 99 |
2023-01-01 | $160,000 (-18.0%) | $244,219 (-7.4%) | 0.00 | 90 |
2023-02-01 | $170,000 (-12.8%) | $257,398 (-9.4%) | 0.00 | 91 |
2023-03-01 | $168,500 (-10.6%) | $248,246 (-10.9%) | 0.00 | 93 |
2023-04-01 | $172,000 (-9.0%) | $250,269 (-6.0%) | 0.00 | 93 |
2023-05-01 | $169,974 (-10.0%) | $250,655 (-8.0%) | 0.00 | 101 |
2023-06-01 | $172,125 (-5.7%) | $250,056 (-12.0%) | 0.00 | 100 |
2023-07-01 | $185,000 (8.9%) | $266,892 (-5.0%) | 0.00 | 99 |
2023-08-01 | $188,000 (12.9%) | $262,823 (-3.2%) | 0.00 | 103 |
2023-09-01 | $206,500 (29.4%) | $274,283 (3.4%) | 0.00 | 100 |
2023-10-01 | $206,250 (26.2%) | $271,694 (8.9%) | 0.00 | 95 |
2023-11-01 | $187,750 (17.3%) | $254,576 (4.1%) | 0.00 | 103 |
2023-12-01 | $187,500 (17.2%) | $246,748 (2.1%) | 0.00 | 98 |
2024-01-01 | $186,000 (16.3%) | $259,983 (6.5%) | 0.00 | 90 |
2024-02-01 | $191,725 (12.8%) | $270,526 (5.1%) | 0.00 | 87 |
2024-03-01 | $194,000 (15.1%) | $271,204 (9.3%) | 0.00 | 90 |
2024-04-01 | $187,225 (8.9%) | $255,790 (2.2%) | 0.00 | 92 |
2024-05-01 | $189,675 (11.6%) | $256,580 (2.4%) | 0.00 | 91 |
2024-06-01 | $196,500 (14.2%) | $264,151 (5.6%) | 0.00 | 92 |
2024-07-01 | $193,050 (4.4%) | $240,850 (-9.8%) | 0.00 | 105 |
2024-08-01 | $210,000 (11.7%) | $242,842 (-7.6%) | 0.00 | 110 |
2024-09-01 | $199,575 (-3.4%) | $239,694 (-12.6%) | 0.00 | 116 |
Morgan City's median listing price comes in at 0% of the national average.
Morgan City's average listing price for 2024-09-01 was $239,694, a difference of $-34,589 (-12.6%) versus the prior year and $-3,148 versus the prior month.
For the 2024-09-01 period, Morgan City had 116 MLS listings, a difference of 6 listings (5%) versus the prior month and 16 listings (16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Morgan City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,944 sqft |
2018-02-01 | 0 days | 1,919 sqft |
2018-03-01 | 0 days | 1,780 sqft |
2018-04-01 | 0 days | 1,780 sqft |
2018-05-01 | 0 days | 1,783 sqft |
2018-06-01 | 0 days | 1,810 sqft |
2018-07-01 | 0 days | 1,874 sqft |
2018-08-01 | 0 days | 1,862 sqft |
2018-09-01 | 0 days | 1,925 sqft |
2018-10-01 | 0 days | 1,973 sqft |
2018-11-01 | 0 days | 1,982 sqft |
2018-12-01 | 0 days | 2,025 sqft |
2019-01-01 | 0 days | 2,123 sqft |
2019-02-01 | 0 days | 2,011 sqft |
2019-03-01 | 0 days | 1,967 sqft |
2019-04-01 | 0 days | 1,955 sqft |
2019-05-01 | 0 days | 1,947 sqft |
2019-06-01 | 0 days | 1,940 sqft |
2019-07-01 | 0 days | 1,943 sqft |
2019-08-01 | 0 days | 1,952 sqft |
2019-09-01 | 0 days | 1,962 sqft |
2019-10-01 | 0 days | 1,972 sqft |
2019-11-01 | 0 days | 1,960 sqft |
2019-12-01 | 0 days | 1,978 sqft |
2020-01-01 | 0 days | 1,969 sqft |
2020-02-01 | 0 days | 1,991 sqft |
2020-03-01 | 0 days | 1,980 sqft |
2020-04-01 | 0 days | 2,004 sqft |
2020-05-01 | 0 days | 2,107 sqft |
2020-06-01 | 0 days | 2,098 sqft |
2020-07-01 | 0 days | 2,073 sqft |
2020-08-01 | 0 days | 2,088 sqft |
2020-09-01 | 0 days | 2,049 sqft |
2020-10-01 | 0 days | 2,024 sqft |
2020-11-01 | 0 days | 2,041 sqft |
2020-12-01 | 0 days | 2,027 sqft |
2021-01-01 | 0 days | 2,024 sqft |
2021-02-01 | 0 days | 2,041 sqft |
2021-03-01 | 0 days | 1,996 sqft |
2021-04-01 | 0 days | 2,021 sqft |
2021-05-01 | 0 days | 1,889 sqft |
2021-06-01 | 0 days | 1,841 sqft |
2021-07-01 | 0 days | 1,914 sqft |
2021-08-01 | 0 days | 1,926 sqft |
2021-09-01 | 0 days | 1,962 sqft |
2021-10-01 | 0 days | 2,023 sqft |
2021-11-01 | 0 days | 2,030 sqft |
2021-12-01 | 0 days | 1,984 sqft |
2022-01-01 | 0 days | 1,857 sqft |
2022-02-01 | 0 days | 1,992 sqft |
2022-03-01 | 0 days | 2,041 sqft |
2022-04-01 | 0 days | 1,949 sqft |
2022-05-01 | 0 days | 2,050 sqft |
2022-06-01 | 0 days | 2,133 sqft |
2022-07-01 | 0 days | 1,993 sqft |
2022-08-01 | 0 days | 1,794 sqft |
2022-09-01 | 0 days | 1,898 sqft |
2022-10-01 | 0 days | 1,968 sqft |
2022-11-01 | 0 days | 1,984 sqft |
2022-12-01 | 0 days | 1,982 sqft |
2023-01-01 | 0 days | 1,682 sqft |
2023-02-01 | 0 days | 1,676 sqft |
2023-03-01 | 0 days | 1,676 sqft |
2023-04-01 | 0 days | 1,700 sqft |
2023-05-01 | 0 days | 1,678 sqft |
2023-06-01 | 0 days | 1,697 sqft |
2023-07-01 | 0 days | 1,842 sqft |
2023-08-01 | 0 days | 1,986 sqft |
2023-09-01 | 0 days | 2,077 sqft |
2023-10-01 | 0 days | 2,096 sqft |
2023-11-01 | 0 days | 2,001 sqft |
2023-12-01 | 0 days | 1,997 sqft |
2024-01-01 | 0 days | 2,040 sqft |
2024-02-01 | 0 days | 1,951 sqft |
2024-03-01 | 0 days | 1,904 sqft |
2024-04-01 | 0 days | 1,870 sqft |
2024-05-01 | 0 days | 1,940 sqft |
2024-06-01 | 0 days | 1,861 sqft |
2024-07-01 | 0 days | 1,821 sqft |
2024-08-01 | 0 days | 2,047 sqft |
2024-09-01 | 0 days | 1,986 sqft |
Morgan City's median square footage for active listings during the 2024-09-01 period was 1,986 sqft. One year prior, the average listing was 2,077 sqft.
Morgan City, LA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 224 | $33,220,000 | $148,304 |
Refi | 74 | $9,090,000 | $122,838 |
Other | 29 | $1,475,000 | $50,862 |
Cash Out Refi | 26 | $3,420,000 | $131,538 |
Home Improvement | 19 | $1,375,000 | $72,368 |
Morgan City's most frequently cited loan purpose was Home Purchase, with 224 originations. The 2nd most popular reason was Refi, with 74 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 95 | $14,415,000 | $151,737 |
7-8% | 64 | $9,810,000 | $153,281 |
Over 8% | 48 | $3,940,000 | $82,083 |
5-6% | 42 | $7,990,000 | $190,238 |
4-5% | 9 | $1,065,000 | $118,333 |
2.5-3% | 1 | $45,000 | $45,000 |
During 2023, Morgan City's most frequently originated rate bucket was 6-7%, with 95 originations.
Loan Sizing (Morgan City, LA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 169 | $23,855,000 | $141,154 |
$100,000 or less | 145 | $8,665,000 | $59,759 |
$200k-400k | 55 | $14,195,000 | $258,091 |
$400k-600k | 2 | $970,000 | $485,000 |
$600k-1000k | 1 | $895,000 | $895,000 |
Morgan City's loan sizing saw the bucket of loans from $100k-200k with 169 originations, totaling $23,855,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 152 | $24,830,000 | $163,355 |
60-80% | 41 | $5,735,000 | $139,878 |
20-40% | 22 | $2,420,000 | $110,000 |
Under 20% | 16 | $760,000 | $47,500 |
40-60% | 14 | $1,520,000 | $108,571 |
Over 100% | 13 | $1,895,000 | $145,769 |
Morgan City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 152 originations, totaling $24,830,000 in origination value.