Mount Sterling Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mount Sterling averaged
6.64%
for the week of 2024-03-21, compared to the national average of
6.87% for the same period.
The average rate for the prior week (2024-03-14) was
6.61% and
one month ago for the week of 2024-02-15, the
average rate was 6.74%.
Mount Sterling's average rate one year ago was 6.17%.
For refis of the same type during the week of 2024-03-21, the average rate
was 7.07%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-03-21 | 6.87% |
Mount Sterling 30 Year Fixed Rate | 2024-03-21 | 6.64% |
Mount Sterling 30 Year Fixed Rate Refi | 2024-03-21 | 7.07% |
Mount Sterling 15 Year Fixed Rate | 2024-03-21 | 6.01% |
Mount Sterling 15 Year Fixed Rate Refi | 2024-03-21 | 6.71% |
Mount Sterling 30 Year FHA | 2024-03-21 | 6.26% |
Mount Sterling 30 Year FHA Refi | 2024-03-21 | 6.7% |
Mount Sterling 30 Year USDA | 2024-03-21 | 6.08% |
Mount Sterling 30 Year USDA Refi | 2024-03-21 | 6.67% |
Mount Sterling 30 Year VA | 2024-03-21 | 6.54% |
Mount Sterling 30 Year VA Refi | 2024-03-21 | 6.54% |
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.).
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $125,700 (-6.9%) | $153,493 (-5.3%) | 0.00 | 148 |
2018-02-01 | $124,425 (-5.0%) | $149,318 (-7.0%) | 0.00 | 144 |
2018-03-01 | $124,900 (-7.7%) | $147,516 (-8.4%) | 0.00 | 150 |
2018-04-01 | $132,250 (-4.7%) | $154,668 (-7.4%) | 0.00 | 146 |
2018-05-01 | $142,449 (3.3%) | $158,037 (-5.8%) | 0.00 | 141 |
2018-06-01 | $149,000 (14.8%) | $160,215 (-0.5%) | 0.00 | 151 |
2018-07-01 | $148,500 (18.9%) | $166,408 (9.6%) | 0.00 | 161 |
2018-08-01 | $149,800 (23.9%) | $171,573 (15.5%) | 0.00 | 149 |
2018-09-01 | $149,900 (24.9%) | $172,147 (14.2%) | 0.00 | 155 |
2018-10-01 | $149,900 (20.0%) | $168,094 (9.1%) | 0.00 | 158 |
2018-11-01 | $148,500 (12.9%) | $171,059 (8.0%) | 0.00 | 145 |
2018-12-01 | $149,900 (18.0%) | $172,199 (10.8%) | 0.00 | 149 |
2019-01-01 | $145,000 (15.4%) | $168,584 (9.8%) | 0.00 | 134 |
2019-02-01 | $157,950 (26.9%) | $176,586 (18.3%) | 0.00 | 130 |
2019-03-01 | $159,214 (27.5%) | $184,772 (25.3%) | 0.00 | 130 |
2019-04-01 | $152,964 (15.7%) | $185,386 (19.9%) | 0.00 | 133 |
2019-05-01 | $145,000 (1.8%) | $185,438 (17.3%) | 0.00 | 144 |
2019-06-01 | $144,000 (-3.4%) | $181,729 (13.4%) | 0.00 | 147 |
2019-07-01 | $144,500 (-2.7%) | $179,006 (7.6%) | 0.00 | 146 |
2019-08-01 | $148,564 (-0.8%) | $184,186 (7.4%) | 0.00 | 140 |
2019-09-01 | $146,559 (-2.2%) | $179,382 (4.2%) | 0.00 | 138 |
2019-10-01 | $147,673 (-1.5%) | $177,007 (5.3%) | 0.00 | 137 |
2019-11-01 | $152,500 (2.7%) | $176,821 (3.4%) | 0.00 | 124 |
2019-12-01 | $146,750 (-2.1%) | $171,738 (-0.3%) | 0.00 | 112 |
2020-01-01 | $149,700 (3.2%) | $177,367 (5.2%) | 0.00 | 107 |
2020-02-01 | $152,450 (-3.5%) | $181,015 (2.5%) | 0.00 | 105 |
2020-03-01 | $143,250 (-10.0%) | $178,945 (-3.2%) | 0.00 | 108 |
2020-04-01 | $146,175 (-4.4%) | $184,298 (-0.6%) | 0.00 | 98 |
2020-05-01 | $140,450 (-3.1%) | $188,682 (1.8%) | 0.00 | 79 |
2020-06-01 | $151,850 (5.5%) | $202,494 (11.4%) | 0.00 | 74 |
2020-07-01 | $143,450 (-0.7%) | $196,947 (10.0%) | 0.00 | 74 |
2020-08-01 | $149,900 (0.9%) | $211,987 (15.1%) | 0.00 | 67 |
2020-09-01 | $167,000 (14.0%) | $223,630 (24.7%) | 0.00 | 76 |
2020-10-01 | $176,000 (19.2%) | $236,026 (33.3%) | 0.00 | 72 |
2020-11-01 | $181,250 (18.9%) | $238,689 (35.0%) | 0.00 | 61 |
2020-12-01 | $197,750 (34.8%) | $244,205 (42.2%) | 0.00 | 47 |
2021-01-01 | $204,950 (36.9%) | $263,090 (48.3%) | 0.00 | 46 |
2021-02-01 | $189,950 (24.6%) | $273,257 (51.0%) | 0.00 | 44 |
2021-03-01 | $198,225 (38.4%) | $273,991 (53.1%) | 0.00 | 40 |
2021-04-01 | $190,000 (30.0%) | $265,706 (44.2%) | 0.00 | 37 |
2021-05-01 | $177,000 (26.0%) | $278,833 (47.8%) | 0.00 | 34 |
2021-06-01 | $182,425 (20.1%) | $279,407 (38.0%) | 0.00 | 38 |
2021-07-01 | $202,450 (41.1%) | $286,019 (45.2%) | 0.00 | 47 |
2021-08-01 | $227,225 (51.6%) | $278,313 (31.3%) | 0.00 | 55 |
2021-09-01 | $207,250 (24.1%) | $255,661 (14.3%) | 0.00 | 68 |
2021-10-01 | $196,500 (11.7%) | $246,172 (4.3%) | 0.00 | 69 |
2021-11-01 | $223,500 (23.3%) | $262,329 (9.9%) | 0.00 | 70 |
2021-12-01 | $224,725 (13.6%) | $260,020 (6.5%) | 0.00 | 63 |
2022-01-01 | $207,250 (1.1%) | $246,776 (-6.2%) | 0.00 | 53 |
2022-02-01 | $215,475 (13.4%) | $244,137 (-10.7%) | 0.00 | 38 |
2022-03-01 | $232,500 (17.3%) | $252,248 (-7.9%) | 0.00 | 39 |
2022-04-01 | $222,500 (17.1%) | $247,896 (-6.7%) | 0.00 | 51 |
2022-05-01 | $227,450 (28.5%) | $243,157 (-12.8%) | 0.00 | 64 |
2022-06-01 | $224,975 (23.3%) | $263,545 (-5.7%) | 0.00 | 76 |
2022-07-01 | $219,000 (8.2%) | $261,455 (-8.6%) | 0.00 | 91 |
2022-08-01 | $225,000 (-1.0%) | $293,352 (5.4%) | 0.00 | 93 |
2022-09-01 | $226,225 (9.2%) | $292,795 (14.5%) | 0.00 | 93 |
2022-10-01 | $230,000 (17.1%) | $293,620 (19.3%) | 0.00 | 89 |
2022-11-01 | $213,350 (-4.5%) | $299,073 (14.0%) | 0.00 | 86 |
2022-12-01 | $220,000 (-2.1%) | $299,107 (15.0%) | 0.00 | 81 |
2023-01-01 | $224,750 (8.4%) | $307,006 (24.4%) | 0.00 | 82 |
2023-02-01 | $236,000 (9.5%) | $319,307 (30.8%) | 0.00 | 73 |
2023-03-01 | $249,500 (7.3%) | $366,582 (45.3%) | 0.00 | 58 |
2023-04-01 | $249,700 (12.2%) | $352,320 (42.1%) | 0.00 | 62 |
2023-05-01 | $249,500 (9.7%) | $332,625 (36.8%) | 0.00 | 68 |
2023-06-01 | $240,225 (6.8%) | $320,394 (21.6%) | 0.00 | 69 |
2023-07-01 | $214,900 (-1.9%) | $311,530 (19.2%) | 0.00 | 75 |
2023-08-01 | $204,950 (-8.9%) | $293,654 (0.1%) | 0.00 | 92 |
2023-09-01 | $217,450 (-3.9%) | $277,098 (-5.4%) | 0.00 | 93 |
2023-10-01 | $240,225 (4.5%) | $283,765 (-3.4%) | 0.00 | 111 |
2023-11-01 | $235,000 (10.2%) | $284,214 (-5.0%) | 0.00 | 121 |
2023-12-01 | $237,000 (7.7%) | $283,968 (-5.1%) | 0.00 | 119 |
2024-01-01 | $243,700 (8.4%) | $289,423 (-5.7%) | 0.00 | 103 |
2024-02-01 | $245,000 (3.8%) | $295,226 (-7.5%) | 0.00 | 110 |
Mount Sterling's median listing price comes in at 0% of the national average.
Mount Sterling's average listing price for 2024-02-01 was $295,226, a difference of $-24,081 (-7.5%) versus the prior year and $5,803 versus the prior month.
For the 2024-02-01 period, Mount Sterling had 110 MLS listings, a difference of 7 listings (7%) versus the prior month and 37 listings (51%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Mount Sterling (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,463 sqft |
2018-02-01 | 0 days | 1,501 sqft |
2018-03-01 | 0 days | 1,560 sqft |
2018-04-01 | 0 days | 1,596 sqft |
2018-05-01 | 0 days | 1,600 sqft |
2018-06-01 | 0 days | 1,600 sqft |
2018-07-01 | 0 days | 1,627 sqft |
2018-08-01 | 0 days | 1,720 sqft |
2018-09-01 | 0 days | 1,674 sqft |
2018-10-01 | 0 days | 1,614 sqft |
2018-11-01 | 0 days | 1,592 sqft |
2018-12-01 | 0 days | 1,586 sqft |
2019-01-01 | 0 days | 1,620 sqft |
2019-02-01 | 0 days | 1,680 sqft |
2019-03-01 | 0 days | 1,680 sqft |
2019-04-01 | 0 days | 1,680 sqft |
2019-05-01 | 0 days | 1,680 sqft |
2019-06-01 | 0 days | 1,650 sqft |
2019-07-01 | 0 days | 1,607 sqft |
2019-08-01 | 0 days | 1,636 sqft |
2019-09-01 | 0 days | 1,616 sqft |
2019-10-01 | 0 days | 1,602 sqft |
2019-11-01 | 0 days | 1,600 sqft |
2019-12-01 | 0 days | 1,646 sqft |
2020-01-01 | 0 days | 1,605 sqft |
2020-02-01 | 0 days | 1,670 sqft |
2020-03-01 | 0 days | 1,626 sqft |
2020-04-01 | 0 days | 1,584 sqft |
2020-05-01 | 0 days | 1,680 sqft |
2020-06-01 | 0 days | 1,678 sqft |
2020-07-01 | 0 days | 1,628 sqft |
2020-08-01 | 0 days | 1,633 sqft |
2020-09-01 | 0 days | 1,664 sqft |
2020-10-01 | 0 days | 1,738 sqft |
2020-11-01 | 0 days | 1,744 sqft |
2020-12-01 | 0 days | 1,779 sqft |
2021-01-01 | 0 days | 1,900 sqft |
2021-02-01 | 0 days | 1,692 sqft |
2021-03-01 | 0 days | 1,733 sqft |
2021-04-01 | 0 days | 1,633 sqft |
2021-05-01 | 0 days | 1,600 sqft |
2021-06-01 | 0 days | 1,684 sqft |
2021-07-01 | 0 days | 1,756 sqft |
2021-08-01 | 0 days | 1,825 sqft |
2021-09-01 | 0 days | 1,777 sqft |
2021-10-01 | 0 days | 1,594 sqft |
2021-11-01 | 0 days | 1,841 sqft |
2021-12-01 | 0 days | 1,792 sqft |
2022-01-01 | 0 days | 1,655 sqft |
2022-02-01 | 0 days | 1,658 sqft |
2022-03-01 | 0 days | 1,827 sqft |
2022-04-01 | 0 days | 1,687 sqft |
2022-05-01 | 0 days | 1,769 sqft |
2022-06-01 | 0 days | 1,624 sqft |
2022-07-01 | 0 days | 1,560 sqft |
2022-08-01 | 0 days | 1,620 sqft |
2022-09-01 | 0 days | 1,713 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 | 1,710 sqft |
2023-03-01 | 0 days | 1,690 sqft |
2023-04-01 | 0 days | 1,822 sqft |
2023-05-01 | 0 days | 1,780 sqft |
2023-06-01 | 0 days | 1,709 sqft |
2023-07-01 | 0 days | 1,560 sqft |
2023-08-01 | 0 days | 1,493 sqft |
2023-09-01 | 0 days | 1,500 sqft |
2023-10-01 | 0 days | 1,533 sqft |
2023-11-01 | 0 days | 1,521 sqft |
2023-12-01 | 0 days | 1,533 sqft |
2024-01-01 | 0 days | 1,536 sqft |
2024-02-01 | 0 days | 1,495 sqft |
Mount Sterling's median square footage for active listings during the 2024-02-01 period was 1,495 sqft. One year prior, the average listing was 1,710 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.