Mount Sterling Mortgage Rates & Closing Costs

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  • Trends
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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Mount Sterling averaged 7.11% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.94% and one month ago for the week of 2023-02-09, the average rate was 6.53%.

    Mount Sterling's average rate one year ago was 3.52%.

    For refis of the same type during the week of 2023-03-16, the average rate was 7.03%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Mount Sterling 30 Year Fixed Rate 2023-03-16 7.11%
    Mount Sterling 30 Year Fixed Rate Refi 2023-03-16 7.03%
    Mount Sterling 15 Year Fixed Rate 2023-03-16 6.99%
    Mount Sterling 15 Year Fixed Rate Refi 2023-03-16 6.35%
    Mount Sterling 30 Year FHA 2023-03-16 6.33%
    Mount Sterling 30 Year FHA Refi 2023-03-16 6.29%
    Mount Sterling 30 Year USDA 2023-03-16 6.15%
    Mount Sterling 30 Year USDA Refi 2023-03-16 6.28%
    Mount Sterling 30 Year VA 2023-03-16 6.47%
    Mount Sterling 30 Year VA Refi 2023-03-16 5.8%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Mount Sterling, KY.

    Mount Sterling 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 Mount Sterling, KY 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Traditional Bank, Inc. 56 4.24% $1,733
    QUICKEN LOANS, LLC 27 5.47% $5,829
    Republic State Mortgage Co. 21 4.74% $3,937
    FINANCE OF AMERICA MORTGAGE LLC 16 4.89% $4,571
    Community Trust Bank, Inc. 14 5.03% $1,947
    Peoples Exchange Bank 14 4.07% $2,428
    GENEVA FINANCIAL, LLC 8 5.06% $4,487
    Farm Credit Mid-America, ACA 7 4.84% $6,731
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 5.87% $5,162
    U.S. Bank 6 5.46% $3,622
    STOCKTON MORTGAGE CORPORATION 5 4.78% $3,735
    MOVEMENT MORTGAGE, LLC 4 4.81% $5,350
    Guardian Savings Bank, A Federal Savings Bank 4 3.50% $1,352
    AMERISAVE MORTGAGE CORPORATION 4 4.88% $5,921
    Stock Yards Bank & Trust Company 4 5.41% $2,847
    CRESCENT MORTGAGE COMPANY 4 3.47% $3,326
    Central Bank & Trust Company 4 4.34% $2,414
    UNITED WHOLESALE MORTGAGE, LLC 3 5.50% $6,378
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 4.45% $3,046
    Flagstar Bank, FSB 3 4.86% $4,019
    PNC Bank 3 5.92% $4,228
    Bank of England 3 6.83% $4,315
    Republic Bank & Trust Company 3 4.58% $7,178
    HOME POINT FINANCIAL CORPORATION 3 5.20% $6,446
    Whitaker Bank 3 5.92% $1,851
    LOANDEPOT.COM, LLC 3 5.66% $3,406
    MEMBERS HERITAGE Credit Union 3 5.33% $4,711
    Mortgage Research Center, LLC 3 5.71% $2,111
    ENVOY MORTGAGE, LTD 2 4.19% $4,262
    Prosperity Home Mortgage, LLC 2 6.06% $2,947
    Platinum Home Mortgage Corporation 2 6.25% $8,003
    HANCOCK MORTGAGE PARTNERS, LLC 2 5.25% $5,730
    Wells Fargo Bank 2 4.94% $4,286
    DAS Acquisition Company, LLC 2 5.56% $5,309
    EVERETT FINANCIAL, INC. 2 5.44% $1,660
    COMMONWEALTH 2 3.56% $2,564
    Hometown Lenders, Inc. 2 4.44% $4,538
    Carrington Mortgage Services, LLC 2 4.13% $3,072
    JPMorgan Chase Bank 2 3.69% $1,866
    Fifth Third Bank 2 4.35% $3,467
    CROSSCOUNTRY MORTGAGE, LLC 2 5.75% $7,657
    GoPrime Mortgage, Inc. 2 5.06% $6,262
    City National Bank of West Virginia 2 3.95% $3,892
    THRIVE MORTGAGE, LLC 2 5.25% $4,818
    FREEDOM MORTGAGE CORPORATION 2 4.63% $3,369
    UNION HOME MORTGAGE CORP. 2 6.38% $5,007
    ZILLOW HOME LOANS, LLC 1 5.63% $3,728
    AmeriHome Mortgage Company, LLC 1 4.50% $3,968
    BROKER SOLUTIONS, INC. 1 6.99% $7,802
    CALIBER HOME LOANS, INC. 1 5.99% $4,915
    Cincinnati Federal 1 3.25% $2,666
    DRAPER AND KRAMER MORTGAGE CORP. 1 5.13% $2,818
    EVANSVILLE TEACHERS 1 6.25% $2,900
    First Guaranty Mortgage Corporation 1 5.38% $3,135
    First Option Mortgage, LLC 1 6.75% $5,764
    Forcht Bank 1 3.25% $1,690
    GUARANTY HOME MORTGAGE CORPORATION 1 3.88% $2,610
    HOMESIDE FINANCIAL, LLC 1 5.49% $10,779
    Independence Bank of Kentucky 1 5.25% $1,761
    KELLER MORTGAGE, LLC 1 5.63% $8,483
    LAND HOME FINANCIAL SERVICES, INC. 1 6.13% $11,432
    L & N Federal Credit Union 1 6.00% $1,612
    MORTGAGE ACCESS CORP. 1 5.49% $7,215
    MORTGAGE SUPPLIERS, INC. 1 5.25% $4,202
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.88% $3,614
    MYCUMORTGAGE, LLC 1 3.88% $2,202
    NAVY FEDERAL CREDIT UNION 1 3.88% $2,355
    NEWREZ LLC 1 5.99% $4,890
    Northpointe Bank 1 5.88% $4,881
    PARK COMMUNITY CREDIT UNION, INC. 1 6.88% $2,521
    Peoples Bank 1 7.88% $1,938
    PHH Mortgage Corporation 1 6.13% $4,453
    PLANET HOME LENDING, LLC 1 4.50% $1,664
    Renasant Bank 1 3.25% $2,398
    RUOFF MORTGAGE COMPANY, INC. 1 6.88% $2,951
    SOUTHWEST FUNDING, LP 1 7.13% $5,527
    The Citizens National Bank of Somerset 1 6.38% $1,220
    The Federal Savings Bank 1 5.50% $6,297
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.25% $5,928
    Waterstone Mortgage Corporation 1 7.25% $4,666
    WesBanco Bank, Inc. 1 4.88% $6,595
    Wyndham Capital Mortgage, Inc. 1 5.38% $5,397
    21ST MORTGAGE CORPORATION 1 7.90% $4,105

    Mount Sterling Average Closing Costs & Other Stats

    Mount Sterling, KY's 83 lenders originated 1,074 loans during 2022. The total origination value was $160,630,000, with an average loan value of $149,562.

    Mount Sterling's average closing costs are $4,156.

    The top Mount Sterling lender as defined by loan originations is Traditional Bank, Inc., with 56 loans originated. Their average total fees are $1,733, which is $4,096 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Mount Sterling lenders (with over 10 loans originated) are Traditional Bank, Inc. ($1,733), Community Trust Bank, Inc. ($1,947), Peoples Exchange Bank ($2,428), Republic State Mortgage Co. ($3,937) and FINANCE OF AMERICA MORTGAGE LLC ($4,571).

    The lowest rate Mount Sterling lenders (with over 10 loans originated) are Peoples Exchange Bank (4.07%), Traditional Bank, Inc. (4.24%), Republic State Mortgage Co. (4.74%), FINANCE OF AMERICA MORTGAGE LLC (4.89%) and Community Trust Bank, Inc. (5.03%).

    Mount Sterling, KY 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
    Traditional Bank, Inc. $14,400,000 $22,130,000 53.7% 13.8%
    Republic State Mortgage Co. $12,145,000 $10,070,000 -17.1% 6.3%
    QUICKEN LOANS, LLC $17,495,000 $9,830,000 -43.8% 6.1%
    FINANCE OF AMERICA MORTGAGE LLC $4,470,000 $6,975,000 56.0% 4.3%
    Community Trust Bank, Inc. $13,455,000 $6,160,000 -54.2% 3.8%
    Whitaker Bank $5,405,000 $5,320,000 -1.6% 3.3%
    Peoples Exchange Bank $6,845,000 $4,950,000 -27.7% 3.1%
    GENEVA FINANCIAL, LLC $1,480,000 $4,940,000 233.8% 3.1%
    Mortgage Research Center, LLC $2,900,000 $4,925,000 69.8% 3.1%
    STOCKTON MORTGAGE CORPORATION $6,510,000 $4,305,000 -33.9% 2.7%
    Stock Yards Bank & Trust Company $1,695,000 $3,785,000 123.3% 2.4%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $3,445,000 $3,215,000 -6.7% 2.0%
    U.S. Bank $2,750,000 $2,785,000 1.3% 1.7%
    Farm Credit Mid-America, ACA $3,545,000 $2,660,000 -25.0% 1.7%
    MORTGAGE SUPPLIERS, INC. $4,015,000 $2,480,000 -38.2% 1.5%
    First Grayson Bancorp Inc. $2,085,000 $1,980,000 -5.0% 1.2%
    UNITED WHOLESALE MORTGAGE, LLC $1,800,000 $1,930,000 7.2% 1.2%
    UNIVERSITY OF KENTUCKY $795,000 $1,755,000 120.8% 1.1%
    LOANDEPOT.COM, LLC $2,065,000 $1,690,000 -18.2% 1.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $2,025,000 $1,600,000 -21.0% 1.0%
    AMERISAVE MORTGAGE CORPORATION $1,375,000 $1,580,000 14.9% 1.0%
    Central Bank & Trust Company $1,625,000 $1,540,000 -5.2% 1.0%
    FREEDOM MORTGAGE CORPORATION $4,450,000 $1,395,000 -68.7% 0.9%
    GoPrime Mortgage, Inc. $1,080,000 $1,340,000 24.1% 0.8%
    Bank of England $950,000 $1,250,000 31.6% 0.8%
    CRESCENT MORTGAGE COMPANY $3,345,000 $1,210,000 -63.8% 0.8%
    MOVEMENT MORTGAGE, LLC $745,000 $1,190,000 59.7% 0.7%
    COMMONWEALTH $1,370,000 $1,175,000 -14.2% 0.7%
    DAS Acquisition Company, LLC $1,040,000 $1,170,000 12.5% 0.7%
    PENNYMAC LOAN SERVICES, LLC $2,240,000 $1,100,000 -50.9% 0.7%
    Century Mortgage Company DBA Century Lending Company $1,040,000 n/a 0.6%
    21ST MORTGAGE CORPORATION $1,045,000 $1,035,000 -1.0% 0.6%
    Hometown Lenders, Inc. $1,595,000 $1,035,000 -35.1% 0.6%
    City National Bank of West Virginia $2,930,000 $1,015,000 -65.4% 0.6%
    GUARANTEED RATE, INC. $225,000 $980,000 335.6% 0.6%
    Northpointe Bank $865,000 $970,000 12.1% 0.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,495,000 $965,000 -61.3% 0.6%
    PNC Bank $675,000 $945,000 40.0% 0.6%
    GUARANTY HOME MORTGAGE CORPORATION $515,000 $875,000 69.9% 0.5%
    EVERETT FINANCIAL, INC. $870,000 n/a 0.5%
    MEMBERS HERITAGE Credit Union $1,010,000 $825,000 -18.3% 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $1,820,000 $805,000 -55.8% 0.5%
    BROKER SOLUTIONS, INC. $795,000 $790,000 -0.6% 0.5%
    NEWREZ LLC $655,000 $765,000 16.8% 0.5%
    Prosperity Home Mortgage, LLC $175,000 $760,000 334.3% 0.5%
    JPMorgan Chase Bank $1,080,000 $735,000 -31.9% 0.5%
    HOMESIDE FINANCIAL, LLC $555,000 $715,000 28.8% 0.4%
    Flagstar Bank, FSB $440,000 $710,000 61.4% 0.4%
    HANCOCK MORTGAGE PARTNERS, LLC $585,000 $710,000 21.4% 0.4%
    HOME POINT FINANCIAL CORPORATION $1,145,000 $700,000 -38.9% 0.4%
    Fifth Third Bank $1,470,000 $695,000 -52.7% 0.4%
    Guardian Savings Bank, A Federal Savings Bank $1,555,000 $685,000 -55.9% 0.4%
    Carrington Mortgage Services, LLC $905,000 $670,000 -26.0% 0.4%
    USAA Federal Savings Bank $665,000 n/a 0.4%
    NAVY FEDERAL CREDIT UNION $765,000 $655,000 -14.4% 0.4%
    UNION HOME MORTGAGE CORP. $530,000 $610,000 15.1% 0.4%
    FIELD & MAIN BANK, INC. $115,000 $585,000 408.7% 0.4%
    EVANSVILLE TEACHERS $440,000 $575,000 30.7% 0.4%
    ENVOY MORTGAGE, LTD $4,010,000 $570,000 -85.8% 0.4%
    Barrington Bank & Trust Company, N.A. $215,000 $530,000 146.5% 0.3%
    AMERICAN MORTGAGE SERVICE COMPANY $540,000 $515,000 -4.6% 0.3%
    The Federal Savings Bank $505,000 n/a 0.3%
    THRIVE MORTGAGE, LLC $785,000 $505,000 -35.7% 0.3%
    SOVEREIGN LENDING GROUP INCORPORATED $285,000 $490,000 71.9% 0.3%
    CALIBER HOME LOANS, INC. $895,000 $475,000 -46.9% 0.3%
    WesBanco Bank, Inc. $400,000 $455,000 13.8% 0.3%
    LAND HOME FINANCIAL SERVICES, INC. $445,000 n/a 0.3%
    First Option Mortgage, LLC $435,000 n/a 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $1,685,000 $435,000 -74.2% 0.3%
    Peoples Bank $135,000 $415,000 207.4% 0.3%
    NEW DAY FINANCIAL, LLC $595,000 $405,000 -31.9% 0.3%
    Republic Bank & Trust Company $1,300,000 $395,000 -69.6% 0.2%
    First Federal Bank of the Midwest $175,000 $355,000 102.9% 0.2%
    SWBC MORTGAGE CORPORATION $135,000 $350,000 159.3% 0.2%
    Wells Fargo Bank $3,585,000 $350,000 -90.2% 0.2%
    MID AMERICA MORTGAGE, INC. $495,000 $340,000 -31.3% 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $430,000 $340,000 -20.9% 0.2%
    The Commercial Bank of Grayson $330,000 n/a 0.2%
    KELLER MORTGAGE, LLC $315,000 n/a 0.2%
    RUOFF MORTGAGE COMPANY, INC. $125,000 $310,000 148.0% 0.2%
    SOUTHWEST FUNDING, LP $290,000 n/a 0.2%
    Citizens Bank $935,000 $280,000 -70.1% 0.2%
    Truist $1,110,000 $270,000 -75.7% 0.2%
    AMERICAN FINANCING CORPORATION $430,000 $265,000 -38.4% 0.2%
    Platinum Home Mortgage Corporation $260,000 n/a 0.2%
    SFMC, LP $255,000 n/a 0.2%
    First Guaranty Mortgage Corporation $245,000 n/a 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $895,000 $240,000 -73.2% 0.1%
    MYCUMORTGAGE, LLC $240,000 n/a 0.1%
    GUARANTEED RATE AFFINITY, LLC $225,000 n/a 0.1%
    The Citizens National Bank of Somerset $225,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $105,000 $225,000 114.3% 0.1%
    Old National Bank $430,000 $215,000 -50.0% 0.1%
    Forcht Bank $165,000 $185,000 12.1% 0.1%
    MORTGAGE ACCESS CORP. $285,000 $185,000 -35.1% 0.1%
    Wyndham Capital Mortgage, Inc. $185,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $1,005,000 $180,000 -82.1% 0.1%
    Equity Prime Mortgage LLC $175,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $415,000 $175,000 -57.8% 0.1%
    PLANET HOME LENDING, LLC $605,000 $170,000 -71.9% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $575,000 $160,000 -72.2% 0.1%
    L & N Federal Credit Union $155,000 $155,000 0.0% 0.1%
    Renasant Bank $425,000 $155,000 -63.5% 0.1%
    PARK COMMUNITY CREDIT UNION, INC. $1,490,000 $150,000 -89.9% 0.1%
    ROYAL UNITED MORTGAGE LLC $360,000 $150,000 -58.3% 0.1%
    Discover Bank $140,000 n/a 0.1%
    DELTA COMMUNITY CREDIT UNION $135,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $455,000 $125,000 -72.5% 0.1%
    Citizens Bank of Kentucky, Inc. $125,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $125,000 n/a 0.1%
    NATIONS RELIABLE LENDING, LLC $125,000 n/a 0.1%
    ACADEMY MORTGAGE CORPORATION $115,000 n/a 0.1%
    Waterstone Mortgage Corporation $115,000 n/a 0.1%
    AmeriHome Mortgage Company, LLC $280,000 $105,000 -62.5% 0.1%
    Nations Lending Corporation $430,000 $105,000 -75.6% 0.1%
    PHH Mortgage Corporation $160,000 $105,000 -34.4% 0.1%
    West Point Bank $105,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $220,000 $95,000 -56.8% 0.1%
    Arvest Bank $85,000 n/a 0.1%
    DRAPER AND KRAMER MORTGAGE CORP. $85,000 n/a 0.1%
    Regions Bank $85,000 n/a 0.1%
    SPRING EQ, LLC $225,000 $80,000 -64.4% 0.0%
    Cincinnati Federal $75,000 n/a 0.0%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $270,000 $70,000 -74.1% 0.0%
    The Huntington National Bank $140,000 $55,000 -60.7% 0.0%
    PARTNERS 1ST Federal Credit Union $165,000 $50,000 -69.7% 0.0%
    Independence Bank of Kentucky $35,000 n/a 0.0%
    First Southern National Bank $25,000 n/a 0.0%

    Mount Sterling's top lender by overall market share is Traditional Bank, Inc., with 13.8% market share. In second place, with 6.3%, is Republic State Mortgage Co., having originated $10,070,000 in loans. In third place, with 6.1%, is QUICKEN LOANS, LLC, having originated $9,830,000 in loans. In fourth place, with 4.3%, is FINANCE OF AMERICA MORTGAGE LLC, having originated $6,975,000 in loans. In fifth place, with 3.8%, is Community Trust Bank, Inc., having originated $6,160,000 in loans.

    Mount Sterling Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Mount Sterling (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 $125,750 (-9.8%) $154,477 (-7.4%) 0.00 144
    2018-02-01 $125,450 (-7.1%) $151,003 (-8.3%) 0.00 139
    2018-03-01 $126,750 (-7.0%) $150,116 (-8.0%) 0.00 144
    2018-04-01 $135,750 (-5.4%) $156,734 (-8.0%) 0.00 141
    2018-05-01 $142,449 (2.2%) $159,267 (-6.7%) 0.00 138
    2018-06-01 $148,000 (12.8%) $159,665 (-1.9%) 0.00 147
    2018-07-01 $148,100 (18.5%) $166,977 (8.7%) 0.00 158
    2018-08-01 $149,800 (19.9%) $172,341 (14.1%) 0.00 147
    2018-09-01 $149,900 (20.0%) $174,724 (13.5%) 0.00 152
    2018-10-01 $149,900 (19.1%) $171,530 (9.3%) 0.00 153
    2018-11-01 $149,675 (11.0%) $174,431 (7.9%) 0.00 139
    2018-12-01 $149,900 (13.7%) $175,961 (11.1%) 0.00 142
    2019-01-01 $147,075 (17.0%) $176,398 (14.2%) 0.00 127
    2019-02-01 $159,675 (27.3%) $184,418 (22.1%) 0.00 125
    2019-03-01 $161,636 (27.5%) $193,298 (28.8%) 0.00 124
    2019-04-01 $160,936 (18.6%) $194,111 (23.9%) 0.00 126
    2019-05-01 $154,950 (8.8%) $195,241 (22.6%) 0.00 134
    2019-06-01 $155,000 (4.7%) $190,908 (19.6%) 0.00 140
    2019-07-01 $149,900 (1.2%) $187,645 (12.4%) 0.00 140
    2019-08-01 $152,473 (1.8%) $190,858 (10.7%) 0.00 137
    2019-09-01 $148,832 (-0.7%) $185,285 (6.0%) 0.00 135
    2019-10-01 $151,880 (1.3%) $182,617 (6.5%) 0.00 134
    2019-11-01 $159,450 (6.5%) $183,111 (5.0%) 0.00 120
    2019-12-01 $150,950 (0.7%) $175,543 (-0.2%) 0.00 107
    2020-01-01 $154,975 (5.4%) $182,342 (3.4%) 0.00 103
    2020-02-01 $155,000 (-2.9%) $183,045 (-0.7%) 0.00 102
    2020-03-01 $145,000 (-10.3%) $180,989 (-6.4%) 0.00 106
    2020-04-01 $147,225 (-8.5%) $185,864 (-4.3%) 0.00 97
    2020-05-01 $145,000 (-6.4%) $189,806 (-2.8%) 0.00 77
    2020-06-01 $152,475 (-1.6%) $206,249 (8.0%) 0.00 72
    2020-07-01 $148,100 (-1.2%) $199,585 (6.4%) 0.00 72
    2020-08-01 $149,950 (-1.7%) $216,084 (13.2%) 0.00 65
    2020-09-01 $168,000 (12.9%) $224,752 (21.3%) 0.00 75
    2020-10-01 $176,000 (15.9%) $236,026 (29.3%) 0.00 72
    2020-11-01 $184,500 (15.7%) $241,439 (31.9%) 0.00 60
    2020-12-01 $201,750 (33.7%) $246,514 (40.4%) 0.00 47
    2021-01-01 $210,000 (35.5%) $265,002 (45.3%) 0.00 46
    2021-02-01 $195,000 (25.8%) $275,620 (50.6%) 0.00 43
    2021-03-01 $199,575 (37.6%) $276,221 (52.6%) 0.00 39
    2021-04-01 $190,000 (29.1%) $265,706 (43.0%) 0.00 37
    2021-05-01 $179,000 (23.5%) $289,121 (52.3%) 0.00 33
    2021-06-01 $182,450 (19.7%) $281,421 (36.5%) 0.00 37
    2021-07-01 $220,000 (48.6%) $285,957 (43.3%) 0.00 44
    2021-08-01 $227,225 (51.5%) $278,245 (28.8%) 0.00 53
    2021-09-01 $207,250 (23.4%) $255,261 (13.6%) 0.00 66
    2021-10-01 $198,000 (12.5%) $246,427 (4.4%) 0.00 68
    2021-11-01 $226,950 (23.0%) $266,674 (10.5%) 0.00 67
    2021-12-01 $229,250 (13.6%) $264,860 (7.4%) 0.00 61
    2022-01-01 $215,000 (2.4%) $251,629 (-5.1%) 0.00 51
    2022-02-01 $222,200 (14.0%) $251,536 (-8.7%) 0.00 36
    2022-03-01 $233,000 (16.8%) $257,499 (-6.8%) 0.00 38
    2022-04-01 $225,000 (18.4%) $254,824 (-4.1%) 0.00 50
    2022-05-01 $235,000 (31.3%) $248,577 (-14.0%) 0.00 62
    2022-06-01 $226,225 (24.0%) $266,958 (-5.1%) 0.00 74
    2022-07-01 $224,900 (2.2%) $265,137 (-7.3%) 0.00 90
    2022-08-01 $225,000 (-1.0%) $295,196 (6.1%) 0.00 92
    2022-09-01 $227,350 (9.7%) $293,716 (15.1%) 0.00 93
    2022-10-01 $234,950 (18.7%) $295,880 (20.1%) 0.00 89
    2022-11-01 $213,350 (-6.0%) $299,073 (12.2%) 0.00 86
    2022-12-01 $220,000 (-4.0%) $299,107 (12.9%) 0.00 81
    2023-01-01 $224,750 (4.5%) $307,006 (22.0%) 0.00 82
    2023-02-01 $237,000 (6.7%) $320,527 (27.4%) 0.00 73
    Mount Sterling's median listing price for 2023-02-01 was $237,000, a difference of $14,800 (6.7%) versus the prior year and $12,250 versus the prior month.

    Mount Sterling's median listing price comes in at 0% of the national average.

    Mount Sterling's average listing price for 2023-02-01 was $320,527, a difference of $68,991 (27.4%) versus the prior year and $13,521 versus the prior month.

    For the 2023-02-01 period, Mount Sterling had 73 MLS listings, a difference of -9 listings (-11%) versus the prior month and 37 listings (103%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mount Sterling (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,474 sqft
    2018-02-01 0 days 1,502 sqft
    2018-03-01 0 days 1,584 sqft
    2018-04-01 0 days 1,600 sqft
    2018-05-01 0 days 1,607 sqft
    2018-06-01 0 days 1,600 sqft
    2018-07-01 0 days 1,626 sqft
    2018-08-01 0 days 1,720 sqft
    2018-09-01 0 days 1,690 sqft
    2018-10-01 0 days 1,651 sqft
    2018-11-01 0 days 1,635 sqft
    2018-12-01 0 days 1,660 sqft
    2019-01-01 0 days 1,657 sqft
    2019-02-01 0 days 1,733 sqft
    2019-03-01 0 days 1,715 sqft
    2019-04-01 0 days 1,686 sqft
    2019-05-01 0 days 1,697 sqft
    2019-06-01 0 days 1,682 sqft
    2019-07-01 0 days 1,661 sqft
    2019-08-01 0 days 1,667 sqft
    2019-09-01 0 days 1,649 sqft
    2019-10-01 0 days 1,636 sqft
    2019-11-01 0 days 1,642 sqft
    2019-12-01 0 days 1,654 sqft
    2020-01-01 0 days 1,607 sqft
    2020-02-01 0 days 1,682 sqft
    2020-03-01 0 days 1,642 sqft
    2020-04-01 0 days 1,591 sqft
    2020-05-01 0 days 1,685 sqft
    2020-06-01 0 days 1,688 sqft
    2020-07-01 0 days 1,644 sqft
    2020-08-01 0 days 1,662 sqft
    2020-09-01 0 days 1,665 sqft
    2020-10-01 0 days 1,738 sqft
    2020-11-01 0 days 1,752 sqft
    2020-12-01 0 days 1,784 sqft
    2021-01-01 0 days 1,900 sqft
    2021-02-01 0 days 1,724 sqft
    2021-03-01 0 days 1,741 sqft
    2021-04-01 0 days 1,633 sqft
    2021-05-01 0 days 1,700 sqft
    2021-06-01 0 days 1,723 sqft
    2021-07-01 0 days 1,831 sqft
    2021-08-01 0 days 1,853 sqft
    2021-09-01 0 days 1,780 sqft
    2021-10-01 0 days 1,600 sqft
    2021-11-01 0 days 1,898 sqft
    2021-12-01 0 days 1,806 sqft
    2022-01-01 0 days 1,749 sqft
    2022-02-01 0 days 1,733 sqft
    2022-03-01 0 days 1,865 sqft
    2022-04-01 0 days 1,736 sqft
    2022-05-01 0 days 1,800 sqft
    2022-06-01 0 days 1,627 sqft
    2022-07-01 0 days 1,589 sqft
    2022-08-01 0 days 1,640 sqft
    2022-09-01 0 days 1,718 sqft
    2022-10-01 0 days 1,701 sqft
    2022-11-01 0 days 1,677 sqft
    2022-12-01 0 days 1,680 sqft
    2023-01-01 0 days 1,770 sqft
    2023-02-01 0 days 1,731 sqft
    Mount Sterling's median listing age (time on market) for 2023-02-01 was 0 days.

    Mount Sterling's median square footage for active listings during the 2023-02-01 period was 1,731 sqft. One year prior, the average listing was 1,733 sqft.

    Mount Sterling, KY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 607 $105,485,000 $173,781
    Refi 206 $29,180,000 $141,650
    Cash Out Refi 102 $14,890,000 $145,980
    Home Improvement 90 $5,530,000 $61,444
    Other 69 $5,545,000 $80,362

    Mount Sterling's most frequently cited loan purpose was Home Purchase, with 607 originations. The 2nd most popular reason was Refi, with 206 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 258 $42,110,000 $163,217
    3-4% 230 $38,090,000 $165,609
    4-5% 222 $32,150,000 $144,820
    6-7% 133 $18,465,000 $138,835
    2.5-3% 66 $10,950,000 $165,909
    7-8% 50 $5,500,000 $110,000
    Over 8% 22 $1,730,000 $78,636
    <2.5% 16 $1,720,000 $107,500

    During 2022, Mount Sterling's most frequently originated rate bucket was 5-6%, with 258 originations.

    Loan Sizing (Mount Sterling, KY MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 469 $68,465,000 $145,981
    $100,000 or less 377 $21,705,000 $57,573
    $200k-400k 200 $51,650,000 $258,250
    $400k-600k 22 $10,360,000 $470,909
    $600k-1000k 3 $2,165,000 $721,667
    $Over $1MM 3 $6,285,000 $2,095,000

    Mount Sterling's loan sizing saw the bucket of loans from $100k-200k with 469 originations, totaling $68,465,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 453 $85,775,000 $189,349
    60-80% 228 $37,530,000 $164,605
    40-60% 99 $11,385,000 $115,000
    20-40% 97 $7,615,000 $78,505
    Under 20% 94 $3,060,000 $32,553
    Over 100% 19 $4,445,000 $233,947

    Mount Sterling's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 453 originations, totaling $85,775,000 in origination value.