Moscow Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Moscow averaged
6.97%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.81% and
one month ago for the week of 2023-08-10, the
average rate was 6.65%.
Moscow's average rate one year ago was 5.88%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.08%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Moscow 30 Year Fixed Rate | 2023-09-14 | 6.97% |
| Moscow 30 Year Fixed Rate Refi | 2023-09-14 | 7.08% |
| Moscow 15 Year Fixed Rate | 2023-09-14 | 6.41% |
| Moscow 15 Year Fixed Rate Refi | 2023-09-14 | 6.61% |
| Moscow 30 Year FHA | 2023-09-14 | 7.09% |
| Moscow 30 Year FHA Refi | 2023-09-14 | 6.99% |
| Moscow 30 Year USDA | 2023-09-14 | 6.98% |
| Moscow 30 Year USDA Refi | 2023-09-14 | 7.08% |
| Moscow 30 Year VA | 2023-09-14 | 7.01% |
| Moscow 30 Year VA Refi | 2023-09-14 | 6.71% |
Moscow 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 Moscow, ID 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.).
Moscow Average Closing Costs & Other Stats
Moscow, ID's 63 lenders originated 868
loans during 2022. The total origination value was $263,860,000, with an average loan value of
$303,986.
Moscow's average closing costs are $5,316.
The top Moscow lender as defined by loan originations is S1L, Inc., with
95 loans originated. Their average total fees are
$6,248, which is $225
lower than the next largest lender,
HOMEBRIDGE FINANCIAL SERVICES, INC..
The lowest fee Moscow lenders (with over 10 loans originated) are
Zions Bank ($3,797), Potlatch No. 1 Financial Credit Union ($5,098), UNITED WHOLESALE MORTGAGE, LLC ($5,731), IDAHO CENTRAL ($6,030) and S1L, Inc. ($6,248).
The lowest rate Moscow lenders (with over 10 loans originated) are
Zions Bank (4.38%), QUICKEN LOANS, LLC (4.42%), Potlatch No. 1 Financial Credit Union (4.67%), HOMEBRIDGE FINANCIAL SERVICES, INC. (4.90%) and IDAHO CENTRAL (4.93%).
Moscow, ID 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 |
|---|---|---|---|---|
| S1L, Inc. | $48,465,000 | $37,595,000 | -22.4% | 14.2% |
| IDAHO CENTRAL | $21,875,000 | $24,210,000 | 10.7% | 9.2% |
| Zions Bancorporation, N.A. | $27,910,000 | $23,350,000 | -16.3% | 8.8% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $37,585,000 | $20,010,000 | -46.8% | 7.6% |
| Potlatch No. 1 Financial Credit Union | $25,545,000 | $17,220,000 | -32.6% | 6.5% |
| QUICKEN LOANS, LLC | $22,510,000 | $13,125,000 | -41.7% | 5.0% |
| First Interstate Bank | $780,000 | $12,510,000 | 1,503.8% | 4.7% |
| NUMERICA CREDIT UNION | $460,000 | $9,505,000 | 1,966.3% | 3.6% |
| U.S. Bank | $17,025,000 | $6,710,000 | -60.6% | 2.5% |
| GESA | $275,000 | $6,630,000 | 2,310.9% | 2.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,275,000 | $6,555,000 | 24.3% | 2.5% |
| Washington Trust Bank | $10,395,000 | $5,860,000 | -43.6% | 2.2% |
| Umpqua Bank | $5,250,000 | $5,705,000 | 8.7% | 2.2% |
| SUMMIT FUNDING, INC. | $6,575,000 | $4,810,000 | -26.8% | 1.8% |
| Banner Bank | $6,385,000 | $4,675,000 | -26.8% | 1.8% |
| PENNYMAC LOAN SERVICES, LLC | $3,535,000 | $3,550,000 | 0.4% | 1.3% |
| Platinum Home Mortgage Corporation | $9,740,000 | $3,340,000 | -65.7% | 1.3% |
| Wells Fargo Bank | $13,725,000 | $3,185,000 | -76.8% | 1.2% |
| NAVY FEDERAL CREDIT UNION | $2,675,000 | $2,790,000 | 4.3% | 1.1% |
| WASHINGTON STATE EMPLOYEES Credit Union | $2,305,000 | $2,775,000 | 20.4% | 1.1% |
| Columbia State Bank | $1,565,000 | $2,435,000 | 55.6% | 0.9% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,575,000 | $1,920,000 | 21.9% | 0.7% |
| CALIBER HOME LOANS, INC. | $3,230,000 | $1,805,000 | -44.1% | 0.7% |
| NexBank | $1,745,000 | n/a | 0.7% | |
| JPMorgan Chase Bank | $2,955,000 | $1,700,000 | -42.5% | 0.6% |
| Ixonia Bank | $1,655,000 | n/a | 0.6% | |
| Sunflower Bank | $325,000 | $1,640,000 | 404.6% | 0.6% |
| First Home Bank | $11,270,000 | $1,610,000 | -85.7% | 0.6% |
| Glacier Bank | $1,675,000 | $1,535,000 | -8.4% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $5,935,000 | $1,435,000 | -75.8% | 0.5% |
| Mortgage Research Center, LLC | $3,815,000 | $1,430,000 | -62.5% | 0.5% |
| HOME POINT FINANCIAL CORPORATION | $2,370,000 | $1,420,000 | -40.1% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $2,310,000 | $1,095,000 | -52.6% | 0.4% |
| Morgan Stanley Private Bank | $1,010,000 | n/a | 0.4% | |
| Bank of America | $955,000 | $1,005,000 | 5.2% | 0.4% |
| BROKER SOLUTIONS, INC. | $535,000 | $1,005,000 | 87.9% | 0.4% |
| Paramount Residential Mortgage Group, Inc. | $255,000 | $900,000 | 252.9% | 0.3% |
| Sierra Pacific Mortgage Company, Inc. | $425,000 | $880,000 | 107.1% | 0.3% |
| LOANDEPOT.COM, LLC | $4,955,000 | $850,000 | -82.8% | 0.3% |
| BMO Harris Bank | $845,000 | n/a | 0.3% | |
| PENTAGON FEDERAL CREDIT UNION | $105,000 | $760,000 | 623.8% | 0.3% |
| ON Q FINANCIAL, INC. | $540,000 | $755,000 | 39.8% | 0.3% |
| KeyBank | $295,000 | $730,000 | 147.5% | 0.3% |
| Flagstar Bank, FSB | $885,000 | $690,000 | -22.0% | 0.3% |
| Florida Capital Bank | $675,000 | n/a | 0.3% | |
| First Savings Bank | $665,000 | n/a | 0.3% | |
| SPOKANE TEACHERS | $1,225,000 | $665,000 | -45.7% | 0.3% |
| NEWREZ LLC | $2,660,000 | $660,000 | -75.2% | 0.3% |
| GUARANTEED RATE, INC. | $2,365,000 | $655,000 | -72.3% | 0.2% |
| Hometown Lenders, Inc. | $645,000 | n/a | 0.2% | |
| FINANCE OF AMERICA REVERSE LLC | $165,000 | $630,000 | 281.8% | 0.2% |
| BAY EQUITY LLC | $790,000 | $590,000 | -25.3% | 0.2% |
| USAA Federal Savings Bank | $930,000 | $585,000 | -37.1% | 0.2% |
| Waterstone Mortgage Corporation | $570,000 | n/a | 0.2% | |
| GUILD MORTGAGE COMPANY | $215,000 | $555,000 | 158.1% | 0.2% |
| 1st Security Bank of Washington | $345,000 | $490,000 | 42.0% | 0.2% |
| HomeStreet Bank | $1,540,000 | $485,000 | -68.5% | 0.2% |
| PENRITH HOME LOANS LLC | $485,000 | n/a | 0.2% | |
| Mid-Continent Funding, Inc. | $475,000 | n/a | 0.2% | |
| North American Savings Bank, F.S.B. | $720,000 | $455,000 | -36.8% | 0.2% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $435,000 | n/a | 0.2% | |
| Boeing Employees Credit Union | $225,000 | $435,000 | 93.3% | 0.2% |
| GEORGIA'S OWN | $405,000 | n/a | 0.2% | |
| STEARNS LENDING, LLC | $1,845,000 | $390,000 | -78.9% | 0.1% |
| Willamette Valley Bank | $1,500,000 | $385,000 | -74.3% | 0.1% |
| CLEARPATH LENDING | $365,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $920,000 | $360,000 | -60.9% | 0.1% |
| BETTER MORTGAGE CORPORATION | $6,210,000 | $325,000 | -94.8% | 0.1% |
| NFM, INC. | $325,000 | n/a | 0.1% | |
| Low VA Rates, LLC | $185,000 | $315,000 | 70.3% | 0.1% |
| Southwest Airlines Federal Credit Union | $315,000 | n/a | 0.1% | |
| PNC Bank | $555,000 | $310,000 | -44.1% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,180,000 | $305,000 | -74.2% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,025,000 | $305,000 | -70.2% | 0.1% |
| Northpointe Bank | $305,000 | n/a | 0.1% | |
| First National Bank Texas | $295,000 | n/a | 0.1% | |
| MOUNTAIN AMERICA | $290,000 | n/a | 0.1% | |
| QUORUM FEDERAL CREDIT UNION | $65,000 | $290,000 | 346.2% | 0.1% |
| OPEN MORTGAGE, LLC | $285,000 | n/a | 0.1% | |
| Solarity Credit Union | $275,000 | n/a | 0.1% | |
| Mr. Cooper ( Nationstar Mortgage ) | $2,770,000 | $265,000 | -90.4% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,760,000 | $255,000 | -85.5% | 0.1% |
| STANFORD Federal Credit Union | $255,000 | n/a | 0.1% | |
| Ally Bank | $255,000 | $235,000 | -7.8% | 0.1% |
| CANOPY | $235,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $290,000 | $225,000 | -22.4% | 0.1% |
| Gateway First Bank | $955,000 | $215,000 | -77.5% | 0.1% |
| Watermark Capital, Inc. | $330,000 | $215,000 | -34.8% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $795,000 | $175,000 | -78.0% | 0.1% |
| AMERICAN ADVISORS GROUP | $240,000 | $165,000 | -31.3% | 0.1% |
| Arvest Bank | $155,000 | n/a | 0.1% | |
| RBC Bank, (Georgia) | $155,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $715,000 | $135,000 | -81.1% | 0.1% |
| State Department Federal Credit Union | $85,000 | n/a | 0.0% | |
| PIONEER | $65,000 | n/a | 0.0% | |
| WESTMARK Credit Union | $35,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $25,000 | n/a | 0.0% |
Moscow's top lender by overall market share is S1L, Inc., with 14.2% market share. In second place, with 9.2%, is IDAHO CENTRAL, having originated $24,210,000 in loans. In third place, with 8.8%, is Zions Bancorporation, N.A., having originated $23,350,000 in loans. In fourth place, with 7.6%, is HOMEBRIDGE FINANCIAL SERVICES, INC., having originated $20,010,000 in loans. In fifth place, with 6.5%, is Potlatch No. 1 Financial Credit Union, having originated $17,220,000 in loans.
Moscow, ID Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 403 | $160,385,000 | $397,978 |
| Cash Out Refi | 178 | $45,970,000 | $258,258 |
| Refi | 104 | $33,060,000 | $317,885 |
| Home Improvement | 100 | $12,800,000 | $128,000 |
| Other | 83 | $11,645,000 | $140,301 |
Moscow's most frequently cited loan purpose was Home Purchase, with 403 originations. The 2nd most popular reason was Cash Out Refi, with 178 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 248 | $77,850,000 | $313,911 |
| 5-6% | 198 | $77,070,000 | $389,242 |
| 3-4% | 178 | $56,570,000 | $317,809 |
| 6-7% | 111 | $25,835,000 | $232,748 |
| 2.5-3% | 55 | $13,315,000 | $242,091 |
| 7-8% | 43 | $6,765,000 | $157,326 |
| <2.5% | 21 | $4,795,000 | $228,333 |
| Over 8% | 13 | $1,455,000 | $111,923 |
During 2022, Moscow's most frequently originated rate bucket was 4-5%, with 248 originations.
Loan Sizing (Moscow, ID MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 385 | $112,935,000 | $293,338 |
| $100k-200k | 156 | $23,530,000 | $150,833 |
| $100,000 or less | 151 | $8,645,000 | $57,252 |
| $400k-600k | 122 | $57,250,000 | $469,262 |
| $600k-1000k | 41 | $27,705,000 | $675,732 |
| $Over $1MM | 13 | $33,795,000 | $2,599,615 |
Moscow's loan sizing saw the bucket of loans from $200k-400k with 385 originations, totaling $112,935,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 238 | $104,910,000 | $440,798 |
| 80-100% | 213 | $76,575,000 | $359,507 |
| 40-60% | 162 | $50,250,000 | $310,185 |
| 20-40% | 129 | $22,725,000 | $176,163 |
| Under 20% | 120 | $6,880,000 | $57,333 |
| Over 100% | 4 | $1,310,000 | $327,500 |
Moscow's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 238 originations, totaling $104,910,000 in origination value.