Moses Lake Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Moses Lake averaged
6.91%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.84% and
one month ago for the week of 2024-10-03, the
average rate was 6.44%.
Moses Lake's average rate one year ago was 7.98%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.99%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Moses Lake 30 Year Fixed Rate | 2024-11-07 | 6.91% |
| Moses Lake 30 Year Fixed Rate Refi | 2024-11-07 | 6.99% |
| Moses Lake 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Moses Lake 15 Year Fixed Rate Refi | 2024-11-07 | 6.5% |
| Moses Lake 30 Year FHA | 2024-11-07 | 6.66% |
| Moses Lake 30 Year FHA Refi | 2024-11-07 | 6.73% |
| Moses Lake 30 Year USDA | 2024-11-07 | 6.38% |
| Moses Lake 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Moses Lake 30 Year VA | 2024-11-07 | 6.13% |
| Moses Lake 30 Year VA Refi | 2024-11-07 | 6.54% |
Moses Lake 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 Moses Lake, WA 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.).
Moses Lake Average Closing Costs & Other Stats
Moses Lake, WA's 103 lenders originated 1,571
loans during 2023. The total origination value was $414,425,000, with an average loan value of
$263,797.
Moses Lake's average closing costs are $6,150.
The top Moses Lake lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
66 loans originated. Their average total fees are
$9,465, which is $2,531
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Moses Lake lenders (with over 10 loans originated) are
Washington Trust Bank ($4,205), U.S. Bank ($4,801), HORIZON ($5,704), GESA ($6,029) and QUICKEN LOANS, LLC ($6,933).
The lowest rate Moses Lake lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.32%), Wheatland Bank (6.50%), CMG MORTGAGE, INC. (6.57%), GESA (6.57%) and U.S. Bank (6.64%).
Moses Lake, WA 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 |
|---|---|---|---|---|
| GUILD MORTGAGE COMPANY | $58,410,000 | $44,725,000 | -23.4% | 10.8% |
| Banner Bank | $19,970,000 | $28,220,000 | 41.3% | 6.8% |
| MOVEMENT MORTGAGE, LLC | $31,885,000 | $24,700,000 | -22.5% | 6.0% |
| QUICKEN LOANS, LLC | $30,720,000 | $22,445,000 | -26.9% | 5.4% |
| GESA | $32,520,000 | $21,205,000 | -34.8% | 5.1% |
| CMG MORTGAGE, INC. | $2,240,000 | $18,060,000 | 706.3% | 4.4% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $20,365,000 | $15,475,000 | -24.0% | 3.7% |
| Wheatland Bank | $17,095,000 | $14,915,000 | -12.8% | 3.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $17,280,000 | $13,855,000 | -19.8% | 3.3% |
| Washington Trust Bank | $28,820,000 | $9,960,000 | -65.4% | 2.4% |
| HORIZON | $13,480,000 | $9,110,000 | -32.4% | 2.2% |
| Boeing Employees Credit Union | $9,995,000 | $8,390,000 | -16.1% | 2.0% |
| Umpqua Bank | $26,090,000 | $8,320,000 | -68.1% | 2.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $4,810,000 | $8,315,000 | 72.9% | 2.0% |
| U.S. Bank | $11,515,000 | $8,140,000 | -29.3% | 2.0% |
| Washington Federal Bank | $13,330,000 | $6,265,000 | -53.0% | 1.5% |
| CARDINAL FINANCIAL | $3,025,000 | $6,190,000 | 104.6% | 1.5% |
| Mortgage Research Center, LLC | $7,085,000 | $5,765,000 | -18.6% | 1.4% |
| WASHINGTON STATE EMPLOYEES Credit Union | $2,305,000 | $5,725,000 | 148.4% | 1.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,800,000 | $3,695,000 | -52.6% | 0.9% |
| CHURCHILL MORTGAGE CORPORATION | $6,270,000 | $3,560,000 | -43.2% | 0.9% |
| KeyBank | $6,790,000 | $3,475,000 | -48.8% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $5,555,000 | $3,420,000 | -38.4% | 0.8% |
| JPMorgan Chase Bank | $13,300,000 | $3,255,000 | -75.5% | 0.8% |
| Wells Fargo Bank | $6,910,000 | $3,165,000 | -54.2% | 0.8% |
| NUMERICA CREDIT UNION | $4,300,000 | $3,115,000 | -27.6% | 0.8% |
| NEWREZ LLC | $1,275,000 | $3,095,000 | 142.7% | 0.7% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $20,565,000 | $3,020,000 | -85.3% | 0.7% |
| SPOKANE TEACHERS | $8,140,000 | $3,005,000 | -63.1% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $3,455,000 | $2,990,000 | -13.5% | 0.7% |
| IDAHO CENTRAL | $170,000 | $2,830,000 | 1,564.7% | 0.7% |
| Seattle Metropolitan Credit Union | $2,755,000 | n/a | 0.7% | |
| CROSSCOUNTRY MORTGAGE, LLC | $4,960,000 | $2,560,000 | -48.4% | 0.6% |
| Community First Bank | $2,500,000 | n/a | 0.6% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $1,770,000 | $2,485,000 | 40.4% | 0.6% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $4,200,000 | $2,460,000 | -41.4% | 0.6% |
| Alaska USA Federal Credit Union | $45,000 | $2,440,000 | 5,322.2% | 0.6% |
| American Mortgage & Equity Consultants, Inc. | $2,435,000 | n/a | 0.6% | |
| Citadel Servicing Corporation | $665,000 | $2,410,000 | 262.4% | 0.6% |
| Northwest Farm Credit Services, FLCA | $2,075,000 | $2,125,000 | 2.4% | 0.5% |
| SUMMIT FUNDING, INC. | $2,500,000 | $1,785,000 | -28.6% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $5,590,000 | $1,670,000 | -70.1% | 0.4% |
| GUARANTEED RATE, INC. | $3,225,000 | $1,615,000 | -49.9% | 0.4% |
| The Federal Savings Bank | $2,290,000 | $1,575,000 | -31.2% | 0.4% |
| LENDINGHOME FUNDING CORPORATION | $1,615,000 | $1,400,000 | -13.3% | 0.3% |
| NFM, INC. | $2,825,000 | $1,390,000 | -50.8% | 0.3% |
| PLANET HOME LENDING, LLC | $705,000 | $1,385,000 | 96.5% | 0.3% |
| Peoples Bank | $530,000 | $1,350,000 | 154.7% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,375,000 | $1,305,000 | -70.2% | 0.3% |
| ACADEMY MORTGAGE CORPORATION | $2,950,000 | $1,295,000 | -56.1% | 0.3% |
| SIRVA MORTGAGE, INC. | $760,000 | $1,275,000 | 67.8% | 0.3% |
| Flagstar Bank, FSB | $3,535,000 | $1,205,000 | -65.9% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $2,190,000 | $1,180,000 | -46.1% | 0.3% |
| DAS Acquisition Company, LLC | $395,000 | $1,135,000 | 187.3% | 0.3% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $1,250,000 | $1,125,000 | -10.0% | 0.3% |
| USAA Federal Savings Bank | $1,090,000 | $1,115,000 | 2.3% | 0.3% |
| SAMMAMISH MORTGAGE COMPANY | $1,090,000 | n/a | 0.3% | |
| ENVOY MORTGAGE, LTD | $16,170,000 | $1,030,000 | -93.6% | 0.2% |
| Prosperity Home Mortgage, LLC | $740,000 | $1,020,000 | 37.8% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $3,010,000 | $1,010,000 | -66.4% | 0.2% |
| MEMBER FIRST MORTGAGE, LLC | $425,000 | $1,005,000 | 136.5% | 0.2% |
| UBS Bank USA | $1,005,000 | n/a | 0.2% | |
| Bank of America | $1,860,000 | $985,000 | -47.0% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $4,205,000 | $980,000 | -76.7% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $700,000 | $980,000 | 40.0% | 0.2% |
| A&D Mortgage LLC | $965,000 | n/a | 0.2% | |
| LOANDEPOT.COM, LLC | $9,770,000 | $955,000 | -90.2% | 0.2% |
| HomeStreet Bank | $600,000 | $935,000 | 55.8% | 0.2% |
| MANN FINANCIAL INC. | $1,560,000 | $925,000 | -40.7% | 0.2% |
| First National Bank of America | $500,000 | $880,000 | 76.0% | 0.2% |
| BAY EQUITY LLC | $1,365,000 | $860,000 | -37.0% | 0.2% |
| DIRECTORS MORTGAGE, INC. | $1,610,000 | $850,000 | -47.2% | 0.2% |
| FIRST TECHNOLOGY | $1,445,000 | $840,000 | -41.9% | 0.2% |
| Sunflower Bank | $2,200,000 | $835,000 | -62.0% | 0.2% |
| EVERETT FINANCIAL, INC. | $1,585,000 | $830,000 | -47.6% | 0.2% |
| Mechanics Bank | $805,000 | n/a | 0.2% | |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $785,000 | n/a | 0.2% | |
| BROKER SOLUTIONS, INC. | $6,210,000 | $775,000 | -87.5% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $635,000 | $775,000 | 22.0% | 0.2% |
| CORNERSTONE HOME LENDING, INC. | $1,185,000 | $755,000 | -36.3% | 0.2% |
| Northpointe Bank | $725,000 | n/a | 0.2% | |
| O BEE | $705,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $410,000 | $650,000 | 58.5% | 0.2% |
| HAPO COMMUNITY CREDIT UNION | $1,110,000 | $630,000 | -43.2% | 0.2% |
| Heritage Bank | $625,000 | n/a | 0.2% | |
| PENTAGON FEDERAL CREDIT UNION | $85,000 | $605,000 | 611.8% | 0.1% |
| UIF CORPORATION | $605,000 | n/a | 0.1% | |
| Century Mortgage Company DBA Century Lending Company | $135,000 | $600,000 | 344.4% | 0.1% |
| FIBRE FEDERAL CREDIT UNION | $260,000 | $590,000 | 126.9% | 0.1% |
| North American Savings Bank, F.S.B. | $590,000 | $560,000 | -5.1% | 0.1% |
| NexBank | $565,000 | $550,000 | -2.7% | 0.1% |
| Qualstar Credit Union | $550,000 | $550,000 | 0.0% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $835,000 | $520,000 | -37.7% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,870,000 | $515,000 | -72.5% | 0.1% |
| T2 FINANCIAL LLC | $505,000 | n/a | 0.1% | |
| Self-Help Federal Credit Union | $570,000 | $500,000 | -12.3% | 0.1% |
| Cashmere Valley Bank | $590,000 | $495,000 | -16.1% | 0.1% |
| Discover Bank | $710,000 | $495,000 | -30.3% | 0.1% |
| MICHIGAN MUTUAL, INC. | $315,000 | $495,000 | 57.1% | 0.1% |
| AMERICAN FINANCING CORPORATION | $700,000 | $480,000 | -31.4% | 0.1% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $610,000 | $480,000 | -21.3% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $2,710,000 | $455,000 | -83.2% | 0.1% |
| Equity Prime Mortgage LLC | $630,000 | $425,000 | -32.5% | 0.1% |
| HighTechLending Inc | $400,000 | n/a | 0.1% | |
| NEXERA HOLDING LLC | $525,000 | $400,000 | -23.8% | 0.1% |
| MLD MORTGAGE INC. | $505,000 | $395,000 | -21.8% | 0.1% |
| RESIDENTIAL BANCORP | $395,000 | n/a | 0.1% | |
| The Huntington National Bank | $790,000 | $395,000 | -50.0% | 0.1% |
| Loan Simple, Inc. | $490,000 | $390,000 | -20.4% | 0.1% |
| Evolve Bank & Trust | $475,000 | $385,000 | -18.9% | 0.1% |
| Figure Lending LLC | $275,000 | $385,000 | 40.0% | 0.1% |
| INTERNATIONAL CITY MORTGAGE, INC. | $385,000 | n/a | 0.1% | |
| GUARANTY HOME MORTGAGE CORPORATION | $375,000 | n/a | 0.1% | |
| Timberland Bank | $375,000 | n/a | 0.1% | |
| ALLIANT CREDIT UNION | $355,000 | $355,000 | 0.0% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $435,000 | $355,000 | -18.4% | 0.1% |
| CHEVRON | $355,000 | n/a | 0.1% | |
| Cornerstone First Mortgage, Inc | $345,000 | n/a | 0.1% | |
| RESIDENTIAL MORTGAGE, LLC | $345,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $400,000 | $340,000 | -15.0% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $590,000 | $315,000 | -46.6% | 0.1% |
| The Loan Store, Inc. | $315,000 | n/a | 0.1% | |
| 1st Security Bank of Washington | $1,310,000 | $305,000 | -76.7% | 0.1% |
| Potlatch No. 1 Financial Credit Union | $305,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $735,000 | $305,000 | -58.5% | 0.1% |
| CALIBER HOME LOANS, INC. | $22,625,000 | $290,000 | -98.7% | 0.1% |
| PENRITH HOME LOANS LLC | $730,000 | $285,000 | -61.0% | 0.1% |
| RANLIFE, INC. | $685,000 | $285,000 | -58.4% | 0.1% |
| VISION ONE MORTGAGE, INC. | $285,000 | n/a | 0.1% | |
| First Interstate Bank | $2,110,000 | $280,000 | -86.7% | 0.1% |
| CANOPY MORTGAGE, LLC | $275,000 | $245,000 | -10.9% | 0.1% |
| S1L, Inc. | $375,000 | $245,000 | -34.7% | 0.1% |
| Carrington Mortgage Services, LLC | $1,120,000 | $235,000 | -79.0% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $305,000 | $235,000 | -23.0% | 0.1% |
| Commerce Home Mortgage, Inc. | $225,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $225,000 | $225,000 | 0.0% | 0.1% |
| BNC National Bank | $215,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,000,000 | $215,000 | -78.5% | 0.1% |
| Ixonia Bank | $195,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $955,000 | $195,000 | -79.6% | 0.0% |
| SOUND | $645,000 | $190,000 | -70.5% | 0.0% |
| AXIA FINANCIAL, LLC | $375,000 | $185,000 | -50.7% | 0.0% |
| CU HOME MORTGAGE SOLUTIONS, LLC | $175,000 | n/a | 0.0% | |
| Willamette Valley Bank | $175,000 | n/a | 0.0% | |
| CANOPY | $95,000 | $165,000 | 73.7% | 0.0% |
| Citizens Bank | $165,000 | n/a | 0.0% | |
| Servion, Inc. | $445,000 | $165,000 | -62.9% | 0.0% |
| PREMIER LENDING, INC. | $155,000 | n/a | 0.0% | |
| PNC Bank | $1,150,000 | $150,000 | -87.0% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $65,000 | $140,000 | 115.4% | 0.0% |
| ARC HOME LLC | $135,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $135,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $135,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $100,000 | $100,000 | 0.0% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $95,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $75,000 | n/a | 0.0% | |
| Sound Community Bank | $75,000 | n/a | 0.0% | |
| Avista Corporation Credit Union | $65,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $55,000 | n/a | 0.0% | |
| HARBORSTONE | $45,000 | $55,000 | 22.2% | 0.0% |
| HomeTrust Bank | $55,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $85,000 | $55,000 | -35.3% | 0.0% |
| TWINSTAR | $55,000 | n/a | 0.0% | |
| Glacier Bank | $720,000 | $35,000 | -95.1% | 0.0% |
| Lakeview Community Capital, LLC | $360,000 | $25,000 | -93.1% | 0.0% |
Moses Lake's top lender by overall market share is GUILD MORTGAGE COMPANY, with 10.8% market share. In second place, with 6.8%, is Banner Bank, having originated $28,220,000 in loans. In third place, with 6.0%, is MOVEMENT MORTGAGE, LLC, having originated $24,700,000 in loans. In fourth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $22,445,000 in loans. In fifth place, with 5.1%, is GESA, having originated $21,205,000 in loans.
Moses Lake, WA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 946 | $300,690,000 | $317,854 |
| Cash Out Refi | 207 | $54,215,000 | $261,908 |
| Other | 197 | $23,265,000 | $118,096 |
| Home Improvement | 150 | $13,500,000 | $90,000 |
| Refi | 71 | $22,755,000 | $320,493 |
Moses Lake's most frequently cited loan purpose was Home Purchase, with 946 originations. The 2nd most popular reason was Cash Out Refi, with 207 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 496 | $159,080,000 | $320,726 |
| Over 8% | 369 | $47,445,000 | $128,577 |
| 7-8% | 368 | $130,650,000 | $355,027 |
| 5-6% | 211 | $65,595,000 | $310,877 |
| 4-5% | 57 | $7,955,000 | $139,561 |
| <2.5% | 53 | $625,000 | $11,792 |
| 3-4% | 3 | $395,000 | $131,667 |
| 2.5-3% | 1 | $125,000 | $125,000 |
During 2023, Moses Lake's most frequently originated rate bucket was 6-7%, with 496 originations.
Loan Sizing (Moses Lake, WA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 723 | $212,565,000 | $294,004 |
| $100,000 or less | 365 | $17,615,000 | $48,260 |
| $100k-200k | 270 | $40,230,000 | $149,000 |
| $400k-600k | 156 | $73,570,000 | $471,603 |
| $600k-1000k | 39 | $26,585,000 | $681,667 |
| $Over $1MM | 18 | $43,860,000 | $2,436,667 |
Moses Lake's loan sizing saw the bucket of loans from $200k-400k with 723 originations, totaling $212,565,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 619 | $205,935,000 | $332,690 |
| 60-80% | 324 | $129,250,000 | $398,920 |
| Under 20% | 295 | $13,375,000 | $45,339 |
| 20-40% | 167 | $22,425,000 | $134,281 |
| 40-60% | 136 | $34,190,000 | $251,397 |
| Over 100% | 18 | $6,000,000 | $333,333 |
Moses Lake's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 619 originations, totaling $205,935,000 in origination value.