MORRISTOWN Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Morristown averaged
6.06%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.18% and
one month ago for the week of 2023-04-20, the
average rate was 6.08%.
Morristown's average rate one year ago was 5.14%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.21%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Morristown 30 Year Fixed Rate | 2023-05-25 | 6.06% |
| Morristown 30 Year Fixed Rate Refi | 2023-05-25 | 5.21% |
| Morristown 15 Year Fixed Rate | 2023-05-25 | 5.59% |
| Morristown 15 Year Fixed Rate Refi | 2023-05-25 | 6.47% |
| Morristown 30 Year FHA | 2023-05-25 | 6.23% |
| Morristown 30 Year FHA Refi | 2023-05-25 | 6.51% |
| Morristown 30 Year USDA | 2023-05-25 | 6.05% |
| Morristown 30 Year USDA Refi | 2023-05-25 | 6.63% |
| Morristown 30 Year VA | 2023-05-25 | 5.87% |
| Morristown 30 Year VA Refi | 2023-05-25 | 6.21% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MORRISTOWN, TN.
MORRISTOWN 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 MORRISTOWN, TN 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.).
MORRISTOWN Average Closing Costs & Other Stats
MORRISTOWN, TN's 173 lenders originated 4,072
loans during 2022. The total origination value was $950,720,000, with an average loan value of
$233,477.
MORRISTOWN's average closing costs are $5,161.
The top MORRISTOWN lender as defined by loan originations is MORTGAGE INVESTORS GROUP, INC., with
136 loans originated. Their average total fees are
$5,176, which is $681
higher than the next largest lender,
KNOXVILLE TVA EMPLOYEES CREDIT UNION.
The lowest fee MORRISTOWN lenders (with over 10 loans originated) are
Commercial Bank ($2,115), EASTMAN ($3,123), CONSUMER Credit Union ($3,325), First Horizon Bank ($3,562) and DHI MORTGAGE COMPANY, LTD. ($3,666).
The lowest rate MORRISTOWN lenders (with over 10 loans originated) are
CONSUMER Credit Union (3.38%), The Huntington National Bank (3.89%), AMERISAVE MORTGAGE CORPORATION (3.95%), LOANDEPOT.COM, LLC (4.22%) and ORNL Federal Credit Union (4.30%).
MORRISTOWN, TN 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 |
|---|---|---|---|---|
| MORTGAGE INVESTORS GROUP, INC. | $88,380,000 | $62,210,000 | -29.6% | 6.5% |
| EASTMAN | $33,540,000 | $47,940,000 | 42.9% | 5.0% |
| KNOXVILLE TVA EMPLOYEES CREDIT UNION | $49,860,000 | $47,220,000 | -5.3% | 5.0% |
| QUICKEN LOANS, LLC | $81,380,000 | $47,095,000 | -42.1% | 5.0% |
| Citizens National Bank | $12,610,000 | $33,800,000 | 168.0% | 3.6% |
| DHI MORTGAGE COMPANY, LTD. | $10,570,000 | $32,900,000 | 211.3% | 3.5% |
| CONSUMER Credit Union | $35,330,000 | $30,460,000 | -13.8% | 3.2% |
| ORNL Federal Credit Union | $29,435,000 | $21,680,000 | -26.3% | 2.3% |
| Mortgage Research Center, LLC | $16,655,000 | $20,160,000 | 21.0% | 2.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $25,095,000 | $18,650,000 | -25.7% | 2.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $19,965,000 | $18,300,000 | -8.3% | 1.9% |
| First Horizon Bank | $14,590,000 | $17,480,000 | 19.8% | 1.8% |
| U.S. Bank | $21,385,000 | $16,125,000 | -24.6% | 1.7% |
| Andrew Johnson Bank | $8,455,000 | $15,725,000 | 86.0% | 1.7% |
| INTERLINC MORTGAGE SERVICES, LLC | $12,375,000 | $15,270,000 | 23.4% | 1.6% |
| CMG MORTGAGE, INC. | $32,895,000 | $14,645,000 | -55.5% | 1.5% |
| BROKER SOLUTIONS, INC. | $15,745,000 | $14,110,000 | -10.4% | 1.5% |
| FirstBank | $17,390,000 | $12,725,000 | -26.8% | 1.3% |
| MOVEMENT MORTGAGE, LLC | $13,510,000 | $12,290,000 | -9.0% | 1.3% |
| Farm Credit Mid-America, ACA | $18,230,000 | $11,625,000 | -36.2% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $14,100,000 | $11,455,000 | -18.8% | 1.2% |
| LOANDEPOT.COM, LLC | $17,875,000 | $10,995,000 | -38.5% | 1.2% |
| Regions Bank | $16,405,000 | $10,920,000 | -33.4% | 1.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $13,190,000 | $10,455,000 | -20.7% | 1.1% |
| Commercial Bank | $10,620,000 | $10,380,000 | -2.3% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $30,155,000 | $10,345,000 | -65.7% | 1.1% |
| Community Trust Bank, Inc. | $11,305,000 | $10,255,000 | -9.3% | 1.1% |
| UNION HOME MORTGAGE CORP. | $3,645,000 | $9,855,000 | 170.4% | 1.0% |
| Truist | $13,645,000 | $9,355,000 | -31.4% | 1.0% |
| ACADEMY MORTGAGE CORPORATION | $11,015,000 | $8,785,000 | -20.2% | 0.9% |
| The Huntington National Bank | $3,045,000 | $8,505,000 | 179.3% | 0.9% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $8,270,000 | $8,365,000 | 1.1% | 0.9% |
| Wells Fargo Bank | $13,390,000 | $8,250,000 | -38.4% | 0.9% |
| Citizens Bank | $375,000 | $8,140,000 | 2,070.7% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $6,055,000 | $8,070,000 | 33.3% | 0.8% |
| CALIBER HOME LOANS, INC. | $6,720,000 | $7,995,000 | 19.0% | 0.8% |
| Home Federal Bank of Tennessee | $13,865,000 | $7,900,000 | -43.0% | 0.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,825,000 | $7,735,000 | 102.2% | 0.8% |
| Mountain Commerce Bank | $3,800,000 | $7,720,000 | 103.2% | 0.8% |
| HomeTrust Bank | $19,730,000 | $6,905,000 | -65.0% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,775,000 | $6,860,000 | -11.8% | 0.7% |
| HOME POINT FINANCIAL CORPORATION | $11,355,000 | $6,465,000 | -43.1% | 0.7% |
| Citizens Bank | $375,000 | $5,945,000 | 1,485.3% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $7,185,000 | $5,815,000 | -19.1% | 0.6% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $3,910,000 | $5,595,000 | 43.1% | 0.6% |
| Tennessee State Bank | $2,150,000 | $5,375,000 | 150.0% | 0.6% |
| USAA Federal Savings Bank | $1,810,000 | $5,245,000 | 189.8% | 0.6% |
| SmartBank | $1,645,000 | $4,685,000 | 184.8% | 0.5% |
| Northpointe Bank | $1,905,000 | $4,635,000 | 143.3% | 0.5% |
| First Century Bank | $3,710,000 | $4,260,000 | 14.8% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,080,000 | $4,195,000 | 2.8% | 0.4% |
| AMERICAN FINANCIAL RESOURCES, INC. | $4,260,000 | $4,070,000 | -4.5% | 0.4% |
| GUILD MORTGAGE COMPANY | $1,965,000 | $3,905,000 | 98.7% | 0.4% |
| Sierra Pacific Mortgage Company, Inc. | $4,145,000 | $3,895,000 | -6.0% | 0.4% |
| Gateway First Bank | $5,490,000 | $3,860,000 | -29.7% | 0.4% |
| Capital One | $3,405,000 | n/a | 0.4% | |
| 21ST MORTGAGE CORPORATION | $3,915,000 | $3,140,000 | -19.8% | 0.3% |
| Carrington Mortgage Services, LLC | $1,610,000 | $3,070,000 | 90.7% | 0.3% |
| KeyBank | $3,065,000 | n/a | 0.3% | |
| GUARANTEED RATE, INC. | $1,910,000 | $2,865,000 | 50.0% | 0.3% |
| The Federal Savings Bank | $1,165,000 | $2,835,000 | 143.3% | 0.3% |
| UBS Bank USA | $1,805,000 | $2,750,000 | 52.4% | 0.3% |
| FIRST BANCORP, INC. | $1,605,000 | $2,665,000 | 66.0% | 0.3% |
| STOCKTON MORTGAGE CORPORATION | $3,475,000 | $2,625,000 | -24.5% | 0.3% |
| NEWREZ LLC | $7,725,000 | $2,605,000 | -66.3% | 0.3% |
| United Community Bank | $4,255,000 | $2,555,000 | -40.0% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,115,000 | $2,520,000 | 126.0% | 0.3% |
| VAN DYK MORTGAGE CORPORATION | $370,000 | $2,485,000 | 571.6% | 0.3% |
| Y-12 Federal Credit Union | $3,805,000 | $2,390,000 | -37.2% | 0.3% |
| NEW DAY FINANCIAL, LLC | $5,955,000 | $2,270,000 | -61.9% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,300,000 | $2,265,000 | 74.2% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $6,675,000 | $2,190,000 | -67.2% | 0.2% |
| Peoples Bank | $2,095,000 | n/a | 0.2% | |
| Wolfe Financial, Inc | $1,325,000 | $2,080,000 | 57.0% | 0.2% |
| Bank of America | $4,350,000 | $2,070,000 | -52.4% | 0.2% |
| Pinnacle Bank | $4,625,000 | $2,045,000 | -55.8% | 0.2% |
| STATE EMPLOYEES' | $1,220,000 | $2,010,000 | 64.8% | 0.2% |
| Wilson Bank And Trust | $860,000 | $1,975,000 | 129.7% | 0.2% |
| Home Federal Bank Corporation | $1,430,000 | $1,960,000 | 37.1% | 0.2% |
| Flagstar Bank, FSB | $2,445,000 | $1,870,000 | -23.5% | 0.2% |
| JPMorgan Chase Bank | $8,040,000 | $1,860,000 | -76.9% | 0.2% |
| 1ST SIGNATURE LENDING, LLC | $2,330,000 | $1,795,000 | -23.0% | 0.2% |
| NATIONS DIRECT MORTGAGE, LLC | $1,455,000 | $1,755,000 | 20.6% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $3,075,000 | $1,690,000 | -45.0% | 0.2% |
| Countybank | $1,640,000 | $1,680,000 | 2.4% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $2,215,000 | $1,650,000 | -25.5% | 0.2% |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,160,000 | $1,610,000 | 38.8% | 0.2% |
| CRESCENT MORTGAGE COMPANY | $2,420,000 | $1,515,000 | -37.4% | 0.2% |
| GUARANTY HOME MORTGAGE CORPORATION | $780,000 | $1,480,000 | 89.7% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,425,000 | n/a | 0.1% | |
| ServisFirst Bank | $1,405,000 | n/a | 0.1% | |
| First National Bank of America | $1,395,000 | n/a | 0.1% | |
| Peoples Bank of the South | $2,290,000 | $1,385,000 | -39.5% | 0.1% |
| PHH Mortgage Corporation | $145,000 | $1,375,000 | 848.3% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $990,000 | $1,370,000 | 38.4% | 0.1% |
| Alcova Mortgage LLC | $350,000 | $1,350,000 | 285.7% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $1,295,000 | n/a | 0.1% | |
| ENRICHMENT | $365,000 | $1,245,000 | 241.1% | 0.1% |
| ZILLOW HOME LOANS, LLC | $570,000 | $1,235,000 | 116.7% | 0.1% |
| EVERETT FINANCIAL, INC. | $800,000 | $1,225,000 | 53.1% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $380,000 | $1,210,000 | 218.4% | 0.1% |
| BNC National Bank | $245,000 | $1,205,000 | 391.8% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $215,000 | $1,190,000 | 453.5% | 0.1% |
| Discover Bank | $215,000 | $1,185,000 | 451.2% | 0.1% |
| MYCUMORTGAGE, LLC | $1,175,000 | $1,145,000 | -2.6% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $330,000 | $1,140,000 | 245.5% | 0.1% |
| KNOXVILLE TEACHERS FEDERAL CREDIT UNION | $680,000 | $1,125,000 | 65.4% | 0.1% |
| AMERICAN ADVISORS GROUP | $525,000 | $1,120,000 | 113.3% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $515,000 | $1,080,000 | 109.7% | 0.1% |
| AMERICAN MORTGAGE SERVICE COMPANY | $2,405,000 | $1,055,000 | -56.1% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $205,000 | $1,050,000 | 412.2% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $2,655,000 | $1,030,000 | -61.2% | 0.1% |
| BETTER MORTGAGE CORPORATION | $2,960,000 | $1,015,000 | -65.7% | 0.1% |
| HANCOCK MORTGAGE PARTNERS, LLC | $360,000 | $990,000 | 175.0% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $975,000 | n/a | 0.1% | |
| Franklin Loan Corporation | $965,000 | n/a | 0.1% | |
| First State Bank of the Southeast, Inc. | $235,000 | $940,000 | 300.0% | 0.1% |
| Capitol Federal Savings Bank | $935,000 | n/a | 0.1% | |
| TJC Mortgage, Inc. | $1,570,000 | $930,000 | -40.8% | 0.1% |
| AMCAP MORTGAGE, LTD. | $495,000 | $920,000 | 85.9% | 0.1% |
| BAY EQUITY LLC | $4,785,000 | $885,000 | -81.5% | 0.1% |
| Bank of Tennessee | $3,050,000 | $880,000 | -71.1% | 0.1% |
| First Option Mortgage, LLC | $870,000 | n/a | 0.1% | |
| LADERA LENDING, INC. | $1,110,000 | $865,000 | -22.1% | 0.1% |
| Deere Employees Credit Union | $425,000 | $860,000 | 102.4% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $340,000 | $860,000 | 152.9% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $170,000 | $850,000 | 400.0% | 0.1% |
| Hometown Equity Mortgage, LLC | $845,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,065,000 | $835,000 | -21.6% | 0.1% |
| First Guaranty Mortgage Corporation | $1,770,000 | $825,000 | -53.4% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $3,865,000 | $820,000 | -78.8% | 0.1% |
| MILEND, INC. | $810,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $1,395,000 | $810,000 | -41.9% | 0.1% |
| DATA MORTGAGE, INC. | $805,000 | n/a | 0.1% | |
| CHERRY CREEK MORTGAGE, LLC | $375,000 | $800,000 | 113.3% | 0.1% |
| Village Bank & Trust | $795,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $510,000 | $790,000 | 54.9% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $315,000 | $780,000 | 147.6% | 0.1% |
| Powell Valley National Bank | $320,000 | $755,000 | 135.9% | 0.1% |
| EMBRACE HOME LOANS, INC. | $195,000 | $745,000 | 282.1% | 0.1% |
| Citadel Servicing Corporation | $740,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $715,000 | n/a | 0.1% | |
| Apex Bank | $320,000 | $700,000 | 118.8% | 0.1% |
| NBKC BANK | $330,000 | $690,000 | 109.1% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,080,000 | $680,000 | -37.0% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $1,265,000 | $680,000 | -46.2% | 0.1% |
| Peoples Bank of East Tennessee | $675,000 | n/a | 0.1% | |
| Renasant Bank | $3,515,000 | $665,000 | -81.1% | 0.1% |
| ISERVE RESIDENTIAL LENDING, LLC | $1,665,000 | $650,000 | -61.0% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $3,510,000 | $640,000 | -81.8% | 0.1% |
| Texana Bank | $640,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $375,000 | $635,000 | 69.3% | 0.1% |
| SOVEREIGN LENDING GROUP INCORPORATED | $1,110,000 | $635,000 | -42.8% | 0.1% |
| ALTRA | $125,000 | $610,000 | 388.0% | 0.1% |
| CLEARPATH LENDING | $2,155,000 | $605,000 | -71.9% | 0.1% |
| Hometown Lenders, Inc. | $2,570,000 | $585,000 | -77.2% | 0.1% |
| Ameris Bank | $570,000 | $575,000 | 0.9% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $500,000 | $575,000 | 15.0% | 0.1% |
| NFM, INC. | $565,000 | n/a | 0.1% | |
| THE TENNESSEE CREDIT UNION | $540,000 | $565,000 | 4.6% | 0.1% |
| AMERICAN FINANCING CORPORATION | $2,470,000 | $560,000 | -77.3% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $2,850,000 | $550,000 | -80.7% | 0.1% |
| AmRes Corporation | $545,000 | n/a | 0.1% | |
| U. T. | $555,000 | $545,000 | -1.8% | 0.1% |
| ANGEL OAK HOME LOANS LLC | $540,000 | n/a | 0.1% | |
| CNB Bank And Trust, N.A. | $525,000 | n/a | 0.1% | |
| Morgan Stanley Private Bank | $525,000 | n/a | 0.1% | |
| Simply Bank | $525,000 | n/a | 0.1% | |
| WesBanco Bank, Inc. | $515,000 | n/a | 0.1% | |
| Nations Lending Corporation | $1,250,000 | $510,000 | -59.2% | 0.1% |
| T2 FINANCIAL LLC | $1,150,000 | $510,000 | -55.7% | 0.1% |
| ALLIANT CREDIT UNION | $505,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $740,000 | $490,000 | -33.8% | 0.1% |
| First United Bank and Trust Company | $485,000 | n/a | 0.1% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $285,000 | $485,000 | 70.2% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $485,000 | n/a | 0.1% | |
| Citizens National Bank, N.A. | $475,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $290,000 | $470,000 | 62.1% | 0.0% |
| North American Savings Bank, F.S.B. | $985,000 | $460,000 | -53.3% | 0.0% |
| Sunflower Bank | $455,000 | n/a | 0.0% | |
| COMPASS MORTGAGE, INC. | $430,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $430,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $395,000 | $430,000 | 8.9% | 0.0% |
| First Community Bank of East Tennessee | $425,000 | n/a | 0.0% | |
| NP, Inc. | $725,000 | $415,000 | -42.8% | 0.0% |
| First Bank of Berne | $405,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,240,000 | $405,000 | -67.3% | 0.0% |
| LOANPAL, LLC | $85,000 | $405,000 | 376.5% | 0.0% |
| SouthEast Bank | $490,000 | $405,000 | -17.3% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $565,000 | $395,000 | -30.1% | 0.0% |
| Figure Lending LLC | $185,000 | $395,000 | 113.5% | 0.0% |
| Simmons Bank | $805,000 | $390,000 | -51.6% | 0.0% |
| Bank of England | $2,990,000 | $380,000 | -87.3% | 0.0% |
| EMM LOANS LLC | $175,000 | $380,000 | 117.1% | 0.0% |
| One Bank of Tennessee | $645,000 | $380,000 | -41.1% | 0.0% |
| Kwik Mortgage Corporation | $375,000 | n/a | 0.0% | |
| TOTAL MORTGAGE SERVICES, LLC | $375,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $655,000 | $360,000 | -45.0% | 0.0% |
| Austin Capital Bank SSB | $355,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $275,000 | $350,000 | 27.3% | 0.0% |
| PNC Bank | $495,000 | $345,000 | -30.3% | 0.0% |
| UNITED | $340,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $335,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $335,000 | n/a | 0.0% | |
| Magnolia Bank | $105,000 | $330,000 | 214.3% | 0.0% |
| First Bank | $315,000 | n/a | 0.0% | |
| First National Bank of Bosque County | $315,000 | n/a | 0.0% | |
| Princeton Mortgage Corporation | $1,250,000 | $315,000 | -74.8% | 0.0% |
| Strong Home Mortgage, LLC | $205,000 | $315,000 | 53.7% | 0.0% |
| Neighborhood Loans, Inc. | $305,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $295,000 | $305,000 | 3.4% | 0.0% |
| Brighton Bank | $295,000 | n/a | 0.0% | |
| City National Bank of Florida | $295,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $510,000 | $295,000 | -42.2% | 0.0% |
| First Commonwealth Bank | $295,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $165,000 | $265,000 | 60.6% | 0.0% |
| SOUTHERN TRUST MORTGAGE, LLC | $455,000 | $255,000 | -44.0% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $245,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $590,000 | $245,000 | -58.5% | 0.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $245,000 | n/a | 0.0% | |
| Goldwater Bank, N.A. | $245,000 | n/a | 0.0% | |
| MORTGAGE FINANCIAL GROUP, INC. | $245,000 | n/a | 0.0% | |
| Quontic Bank | $235,000 | n/a | 0.0% | |
| ARC HOME LLC | $225,000 | n/a | 0.0% | |
| AMERIFIRST FINANCIAL CORPORATION | $215,000 | n/a | 0.0% | |
| FLAT BRANCH MORTGAGE, INC. | $215,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $215,000 | n/a | 0.0% | |
| Southern First Bank | $215,000 | n/a | 0.0% | |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $215,000 | n/a | 0.0% | |
| CITY EMPLOYEES CREDIT UNION | $640,000 | $210,000 | -67.2% | 0.0% |
| Fifth Third Bank | $2,745,000 | $210,000 | -92.3% | 0.0% |
| Atlantic Union Bank | $235,000 | $205,000 | -12.8% | 0.0% |
| Midwest Community Bank | $205,000 | n/a | 0.0% | |
| Johnson Bank | $195,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $195,000 | n/a | 0.0% | |
| The Central Trust Bank | $325,000 | $195,000 | -40.0% | 0.0% |
| IMPAC MORTGAGE CORP. | $2,160,000 | $185,000 | -91.4% | 0.0% |
| MORIA DEVELOPMENT, INC. | $185,000 | n/a | 0.0% | |
| RESIDENTIAL MORTGAGE SERVICES, INC. | $185,000 | n/a | 0.0% | |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $205,000 | $175,000 | -14.6% | 0.0% |
| First Reliance Bank | $175,000 | n/a | 0.0% | |
| GoPrime Mortgage, Inc. | $410,000 | $175,000 | -57.3% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $370,000 | $175,000 | -52.7% | 0.0% |
| Appalachian Community Federal Credit Union | $165,000 | n/a | 0.0% | |
| NASA Federal Credit Union | $155,000 | n/a | 0.0% | |
| South State Bank | $405,000 | $155,000 | -61.7% | 0.0% |
| Whitaker Bank | $155,000 | n/a | 0.0% | |
| GVC MORTGAGE, INC. | $145,000 | n/a | 0.0% | |
| Legends Bank | $135,000 | n/a | 0.0% | |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $420,000 | $125,000 | -70.2% | 0.0% |
| Commerce Home Mortgage, Inc. | $105,000 | $125,000 | 19.0% | 0.0% |
| ASPIRE FINANCIAL, INC. | $115,000 | n/a | 0.0% | |
| Low VA Rates, LLC | $1,075,000 | $115,000 | -89.3% | 0.0% |
| ASCEND FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| Baxter Credit Union | $235,000 | $105,000 | -55.3% | 0.0% |
| L & N Federal Credit Union | $105,000 | n/a | 0.0% | |
| Republic Bank & Trust Company | $105,000 | n/a | 0.0% | |
| TENNESSEE VALLEY | $275,000 | $105,000 | -61.8% | 0.0% |
| First Home Bank | $225,000 | $95,000 | -57.8% | 0.0% |
| MICHIGAN MUTUAL, INC. | $95,000 | n/a | 0.0% | |
| The Bank of Marion | $90,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $115,000 | $85,000 | -26.1% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $85,000 | n/a | 0.0% | |
| Mortgage Lenders Investment Trading Corporation | $75,000 | n/a | 0.0% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $870,000 | $75,000 | -91.4% | 0.0% |
| SPRING EQ, LLC | $120,000 | $65,000 | -45.8% | 0.0% |
| Farmers and Miners Bank | $55,000 | n/a | 0.0% | |
| TNConnect Credit Union | $45,000 | $45,000 | 0.0% | 0.0% |
| 1st Franklin Financial Corporation | $150,000 | $35,000 | -76.7% | 0.0% |
| Kingsport Press Credit Union | $185,000 | $35,000 | -81.1% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $25,000 | n/a | 0.0% | |
| Truliant Federal Credit Union | $25,000 | n/a | 0.0% |
MORRISTOWN's top lender by overall market share is MORTGAGE INVESTORS GROUP, INC., with 6.5% market share. In second place, with 5.0%, is EASTMAN, having originated $47,940,000 in loans. In third place, with 5.0%, is KNOXVILLE TVA EMPLOYEES CREDIT UNION, having originated $47,220,000 in loans. In fourth place, with 5.0%, is QUICKEN LOANS, LLC, having originated $47,095,000 in loans. In fifth place, with 3.6%, is Citizens National Bank, having originated $33,800,000 in loans.
MORRISTOWN Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - MORRISTOWN (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 | $224,900 (28.6%) | $309,552 (25.2%) | 0.00 | 588 |
| 2018-02-01 | $226,675 (28.9%) | $314,450 (27.6%) | 0.00 | 558 |
| 2018-03-01 | $229,900 (27.8%) | $317,604 (27.0%) | 0.00 | 563 |
| 2018-04-01 | $237,450 (21.8%) | $322,576 (23.7%) | 0.00 | 560 |
| 2018-05-01 | $237,325 (17.3%) | $315,803 (15.3%) | 0.00 | 587 |
| 2018-06-01 | $239,900 (16.9%) | $312,359 (11.5%) | 0.00 | 588 |
| 2018-07-01 | $229,900 (15.0%) | $303,257 (5.9%) | 0.00 | 612 |
| 2018-08-01 | $229,925 (13.4%) | $298,688 (0.8%) | 0.00 | 606 |
| 2018-09-01 | $229,900 (7.1%) | $299,622 (-0.3%) | 0.00 | 632 |
| 2018-10-01 | $217,400 (0.3%) | $290,914 (-2.9%) | 0.00 | 633 |
| 2018-11-01 | $212,400 (-0.7%) | $283,667 (-7.5%) | 0.00 | 595 |
| 2018-12-01 | $214,900 (0.0%) | $278,039 (-9.2%) | 0.00 | 548 |
| 2019-01-01 | $215,000 (-4.4%) | $278,279 (-10.1%) | 0.00 | 497 |
| 2019-02-01 | $219,675 (-3.1%) | $283,942 (-9.7%) | 0.00 | 475 |
| 2019-03-01 | $239,900 (0.6%) | $315,018 (-4.0%) | 0.00 | 438 |
| 2019-04-01 | $241,150 (1.0%) | $322,838 (-0.1%) | 0.00 | 448 |
| 2019-05-01 | $248,425 (4.7%) | $334,587 (6.0%) | 0.00 | 474 |
| 2019-06-01 | $249,900 (4.2%) | $342,057 (9.5%) | 0.00 | 497 |
| 2019-07-01 | $237,150 (3.2%) | $334,399 (10.3%) | 0.00 | 515 |
| 2019-08-01 | $239,900 (1.4%) | $334,555 (10.5%) | 0.00 | 505 |
| 2019-09-01 | $249,700 (0.6%) | $330,678 (8.4%) | 0.00 | 462 |
| 2019-10-01 | $234,900 (8.1%) | $322,652 (11.1%) | 0.00 | 499 |
| 2019-11-01 | $235,000 (10.6%) | $325,764 (14.8%) | 0.00 | 483 |
| 2019-12-01 | $237,200 (10.4%) | $325,462 (17.1%) | 0.00 | 438 |
| 2020-01-01 | $225,000 (4.7%) | $309,086 (11.1%) | 0.00 | 414 |
| 2020-02-01 | $232,210 (5.7%) | $312,914 (10.2%) | 0.00 | 393 |
| 2020-03-01 | $229,900 (-0.6%) | $310,395 (1.8%) | 0.00 | 380 |
| 2020-04-01 | $237,165 (-1.1%) | $311,566 (-3.4%) | 0.00 | 352 |
| 2020-05-01 | $249,900 (0.6%) | $324,581 (-3.0%) | 0.00 | 332 |
| 2020-06-01 | $270,725 (8.3%) | $355,835 (4.0%) | 0.00 | 286 |
| 2020-07-01 | $278,700 (17.5%) | $365,837 (9.4%) | 0.00 | 268 |
| 2020-08-01 | $279,900 (20.0%) | $372,456 (12.8%) | 0.00 | 248 |
| 2020-09-01 | $293,450 (26.9%) | $376,459 (15.9%) | 0.00 | 213 |
| 2020-10-01 | $255,450 (8.7%) | $385,075 (19.1%) | 0.00 | 216 |
| 2020-11-01 | $254,900 (8.5%) | $373,221 (14.6%) | 0.00 | 238 |
| 2020-12-01 | $251,175 (5.9%) | $388,901 (19.5%) | 0.00 | 223 |
| 2021-01-01 | $249,900 (11.1%) | $376,602 (21.8%) | 0.00 | 203 |
| 2021-02-01 | $287,425 (23.8%) | $383,856 (22.7%) | 0.00 | 165 |
| 2021-03-01 | $333,675 (45.1%) | $444,542 (43.2%) | 0.00 | 148 |
| 2021-04-01 | $335,000 (41.3%) | $464,411 (49.1%) | 0.00 | 148 |
| 2021-05-01 | $339,950 (36.0%) | $502,665 (54.9%) | 0.00 | 148 |
| 2021-06-01 | $322,200 (19.0%) | $455,550 (28.0%) | 0.00 | 166 |
| 2021-07-01 | $334,450 (20.0%) | $474,415 (29.7%) | 0.00 | 193 |
| 2021-08-01 | $324,900 (16.1%) | $476,468 (27.9%) | 0.00 | 209 |
| 2021-09-01 | $312,450 (6.5%) | $467,009 (24.1%) | 0.00 | 231 |
| 2021-10-01 | $307,900 (20.5%) | $465,361 (20.9%) | 0.00 | 248 |
| 2021-11-01 | $325,225 (27.6%) | $462,060 (23.8%) | 0.00 | 239 |
| 2021-12-01 | $334,225 (33.1%) | $486,227 (25.0%) | 0.00 | 197 |
| 2022-01-01 | $329,000 (31.7%) | $465,204 (23.5%) | 0.00 | 160 |
| 2022-02-01 | $354,450 (23.3%) | $507,030 (32.1%) | 0.00 | 138 |
| 2022-03-01 | $349,000 (4.6%) | $489,030 (10.0%) | 0.00 | 163 |
| 2022-04-01 | $359,000 (7.2%) | $505,803 (8.9%) | 0.00 | 184 |
| 2022-05-01 | $379,900 (11.8%) | $503,337 (0.1%) | 0.00 | 221 |
| 2022-06-01 | $383,950 (19.2%) | $514,490 (12.9%) | 0.00 | 251 |
| 2022-07-01 | $375,000 (12.1%) | $504,552 (6.4%) | 0.00 | 308 |
| 2022-08-01 | $364,450 (12.2%) | $494,390 (3.8%) | 0.00 | 298 |
| 2022-09-01 | $376,977 (20.7%) | $495,522 (6.1%) | 0.00 | 284 |
| 2022-10-01 | $359,000 (16.6%) | $487,558 (4.8%) | 0.00 | 304 |
| 2022-11-01 | $349,859 (7.6%) | $490,230 (6.1%) | 0.00 | 333 |
| 2022-12-01 | $350,000 (4.7%) | $502,613 (3.4%) | 0.00 | 294 |
| 2023-01-01 | $349,034 (6.1%) | $472,996 (1.7%) | 0.00 | 268 |
| 2023-02-01 | $354,225 (-0.1%) | $477,857 (-5.8%) | 0.00 | 278 |
| 2023-03-01 | $388,650 (11.4%) | $510,093 (4.3%) | 0.00 | 285 |
| 2023-04-01 | $399,900 (0.0%) | $520,300 (0.0%) | 0.00 | 256 |
MORRISTOWN's median listing price for 2023-04-01 was $399,900, a difference of
$40,900
(0.0%) versus the prior year and
$11,250 versus the prior month.
MORRISTOWN's median listing price comes in at 0% of the national average.
MORRISTOWN's average listing price for 2023-04-01 was $520,300, a difference of $14,497 (0.0%) versus the prior year and $10,207 versus the prior month.
For the 2023-04-01 period, MORRISTOWN had 256 MLS listings, a difference of -29 listings (-10%) versus the prior month and 72 listings (39%) versus the prior year.
MORRISTOWN's median listing price comes in at 0% of the national average.
MORRISTOWN's average listing price for 2023-04-01 was $520,300, a difference of $14,497 (0.0%) versus the prior year and $10,207 versus the prior month.
For the 2023-04-01 period, MORRISTOWN had 256 MLS listings, a difference of -29 listings (-10%) versus the prior month and 72 listings (39%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - MORRISTOWN (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,883 sqft |
| 2018-02-01 | 0 days | 1,904 sqft |
| 2018-03-01 | 0 days | 1,920 sqft |
| 2018-04-01 | 0 days | 1,969 sqft |
| 2018-05-01 | 0 days | 1,971 sqft |
| 2018-06-01 | 0 days | 1,980 sqft |
| 2018-07-01 | 0 days | 1,942 sqft |
| 2018-08-01 | 0 days | 1,947 sqft |
| 2018-09-01 | 0 days | 1,962 sqft |
| 2018-10-01 | 0 days | 1,958 sqft |
| 2018-11-01 | 0 days | 1,944 sqft |
| 2018-12-01 | 0 days | 1,931 sqft |
| 2019-01-01 | 0 days | 1,939 sqft |
| 2019-02-01 | 0 days | 1,942 sqft |
| 2019-03-01 | 0 days | 2,043 sqft |
| 2019-04-01 | 0 days | 2,047 sqft |
| 2019-05-01 | 0 days | 2,008 sqft |
| 2019-06-01 | 0 days | 2,052 sqft |
| 2019-07-01 | 0 days | 2,004 sqft |
| 2019-08-01 | 0 days | 2,000 sqft |
| 2019-09-01 | 0 days | 2,079 sqft |
| 2019-10-01 | 0 days | 2,046 sqft |
| 2019-11-01 | 0 days | 2,000 sqft |
| 2019-12-01 | 0 days | 1,973 sqft |
| 2020-01-01 | 0 days | 1,883 sqft |
| 2020-02-01 | 0 days | 1,914 sqft |
| 2020-03-01 | 0 days | 1,881 sqft |
| 2020-04-01 | 0 days | 1,904 sqft |
| 2020-05-01 | 0 days | 1,944 sqft |
| 2020-06-01 | 0 days | 1,993 sqft |
| 2020-07-01 | 0 days | 1,965 sqft |
| 2020-08-01 | 0 days | 2,016 sqft |
| 2020-09-01 | 0 days | 2,037 sqft |
| 2020-10-01 | 0 days | 1,900 sqft |
| 2020-11-01 | 0 days | 1,859 sqft |
| 2020-12-01 | 0 days | 1,876 sqft |
| 2021-01-01 | 0 days | 1,820 sqft |
| 2021-02-01 | 0 days | 1,841 sqft |
| 2021-03-01 | 0 days | 1,958 sqft |
| 2021-04-01 | 0 days | 2,014 sqft |
| 2021-05-01 | 0 days | 2,000 sqft |
| 2021-06-01 | 0 days | 1,966 sqft |
| 2021-07-01 | 0 days | 2,018 sqft |
| 2021-08-01 | 0 days | 1,948 sqft |
| 2021-09-01 | 0 days | 2,031 sqft |
| 2021-10-01 | 0 days | 2,070 sqft |
| 2021-11-01 | 0 days | 2,005 sqft |
| 2021-12-01 | 0 days | 2,014 sqft |
| 2022-01-01 | 0 days | 1,892 sqft |
| 2022-02-01 | 0 days | 1,869 sqft |
| 2022-03-01 | 0 days | 1,912 sqft |
| 2022-04-01 | 0 days | 1,848 sqft |
| 2022-05-01 | 0 days | 1,932 sqft |
| 2022-06-01 | 0 days | 1,972 sqft |
| 2022-07-01 | 0 days | 1,968 sqft |
| 2022-08-01 | 0 days | 1,983 sqft |
| 2022-09-01 | 0 days | 2,016 sqft |
| 2022-10-01 | 0 days | 1,971 sqft |
| 2022-11-01 | 0 days | 1,914 sqft |
| 2022-12-01 | 0 days | 1,958 sqft |
| 2023-01-01 | 0 days | 1,898 sqft |
| 2023-02-01 | 0 days | 1,938 sqft |
| 2023-03-01 | 0 days | 2,001 sqft |
| 2023-04-01 | 0 days | 2,056 sqft |
MORRISTOWN's median listing age (time on market) for 2023-04-01 was 0 days.
MORRISTOWN's median square footage for active listings during the 2023-04-01 period was 2,056 sqft. One year prior, the average listing was 1,848 sqft.
MORRISTOWN's median square footage for active listings during the 2023-04-01 period was 2,056 sqft. One year prior, the average listing was 1,848 sqft.
MORRISTOWN, TN Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 37711 | Morristown, TN | $520 | $550 | $700 | $930 | $1,010 |
| 37725 | Morristown, TN | $680 | $680 | $900 | $1,240 | $1,330 |
| 37760 | Morristown, TN | $540 | $550 | $720 | $1,000 | $1,060 |
| 37764 | Morristown, TN | $630 | $700 | $860 | $1,130 | $1,330 |
| 37813 | Morristown, TN | $570 | $570 | $750 | $1,040 | $1,110 |
| 37814 | Morristown, TN | $600 | $610 | $800 | $1,110 | $1,180 |
| 37815 | Morristown, TN | $580 | $590 | $770 | $1,060 | $1,140 |
| 37816 | Morristown, TN | $580 | $590 | $770 | $1,060 | $1,140 |
| 37820 | Morristown, TN | $520 | $520 | $680 | $940 | $1,000 |
| 37821 | Morristown, TN | $550 | $560 | $730 | $1,010 | $1,080 |
| 37860 | Morristown, TN | $520 | $520 | $680 | $930 | $1,000 |
| 37871 | Morristown, TN | $690 | $740 | $930 | $1,250 | $1,420 |
| 37876 | Morristown, TN | $630 | $630 | $830 | $1,150 | $1,230 |
| 37877 | Morristown, TN | $570 | $580 | $760 | $1,050 | $1,120 |
| 37890 | Morristown, TN | $520 | $520 | $680 | $930 | $1,000 |
| 37891 | Morristown, TN | $530 | $540 | $700 | $960 | $1,030 |
2022 Average & Median Rent Data Statistics
MORRISTOWN, TN average 1BR rent: $591, median: $575
MORRISTOWN, TN average 2BR rent: $766, median: $755
MORRISTOWN, TN average 3BR rent: $1,049, median: $1,045
MORRISTOWN, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,201 | $583,965,000 | $265,318 |
| Cash Out Refi | 922 | $203,830,000 | $221,074 |
| Refi | 397 | $105,165,000 | $264,899 |
| Home Improvement | 311 | $31,725,000 | $102,010 |
| Other | 241 | $26,035,000 | $108,029 |
Morristown's most frequently cited loan purpose was Home Purchase, with 2,201 originations. The 2nd most popular reason was Cash Out Refi, with 922 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 951 | $202,805,000 | $213,254 |
| 4-5% | 937 | $245,825,000 | $262,353 |
| 3-4% | 910 | $200,200,000 | $220,000 |
| 6-7% | 432 | $83,890,000 | $194,190 |
| 2.5-3% | 328 | $69,510,000 | $211,921 |
| 7-8% | 122 | $22,330,000 | $183,033 |
| <2.5% | 117 | $21,255,000 | $181,667 |
| Over 8% | 104 | $16,700,000 | $160,577 |
During 2022, Morristown's most frequently originated rate bucket was 5-6%, with 951 originations.
Loan Sizing (MORRISTOWN, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,504 | $407,390,000 | $270,871 |
| $100k-200k | 1,400 | $208,760,000 | $149,114 |
| $100,000 or less | 788 | $44,990,000 | $57,094 |
| $400k-600k | 254 | $121,010,000 | $476,417 |
| $600k-1000k | 100 | $74,690,000 | $746,900 |
| $Over $1MM | 26 | $93,880,000 | $3,610,769 |
MORRISTOWN's loan sizing saw the bucket of loans from $200k-400k with 1,504 originations, totaling $407,390,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,557 | $400,215,000 | $257,042 |
| 60-80% | 977 | $272,575,000 | $278,992 |
| 40-60% | 531 | $103,405,000 | $194,736 |
| 20-40% | 395 | $41,415,000 | $104,848 |
| Under 20% | 356 | $18,610,000 | $52,275 |
| Over 100% | 60 | $23,820,000 | $397,000 |
MORRISTOWN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,557 originations, totaling $400,215,000 in origination value.