Murray Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Murray averaged
6.75%
for the week of 2025-04-03, compared to the national average of
6.64% for the same period.
The average rate for the prior week (2025-03-27) was
6.86% and
one month ago for the week of 2025-02-27, the
average rate was 7.17%.
Murray's average rate one year ago was 7.2%.
For refis of the same type during the week of 2025-04-03, the average rate
was 6.64%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-03 | 6.64% |
| Murray 30 Year Fixed Rate | 2025-04-03 | 6.75% |
| Murray 30 Year Fixed Rate Refi | 2025-04-03 | 6.64% |
| Murray 15 Year Fixed Rate | 2025-04-03 | 5.72% |
| Murray 15 Year Fixed Rate Refi | 2025-04-03 | 5.92% |
| Murray 30 Year FHA | 2025-04-03 | 6.46% |
| Murray 30 Year FHA Refi | 2025-04-03 | 6.36% |
| Murray 30 Year USDA | 2025-04-03 | 6.32% |
| Murray 30 Year USDA Refi | 2025-04-03 | 6.42% |
| Murray 30 Year VA | 2025-04-03 | 6.06% |
| Murray 30 Year VA Refi | 2025-04-03 | 5.86% |
Murray 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 Murray, 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.).
Murray Average Closing Costs & Other Stats
Murray, KY's 40 lenders originated 412
loans during 2024. The total origination value was $76,220,000, with an average loan value of
$185,000.
Murray's average closing costs are $4,362.
The top Murray lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
19 loans originated. Their average total fees are
$4,504, which is $1,043
higher than the next largest lender,
UNION HOME MORTGAGE CORP..
The lowest fee Murray lenders (with over 10 loans originated) are
UNION HOME MORTGAGE CORP. ($3,461), Magnolia Bank ($4,481), UNITED WHOLESALE MORTGAGE, LLC ($4,504), .
The lowest rate Murray lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.71%), UNION HOME MORTGAGE CORP. (6.78%), Magnolia Bank (6.92%), .
Murray, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $4,060,000 | $6,930,000 | 70.7% | 9.1% |
| UNION HOME MORTGAGE CORP. | $5,490,000 | n/a | 7.2% | |
| Independence Bank of Kentucky | $5,060,000 | $4,610,000 | -8.9% | 6.0% |
| QUICKEN LOANS, LLC | $3,425,000 | $4,240,000 | 23.8% | 5.6% |
| U.S. Bank | $2,920,000 | $3,650,000 | 25.0% | 4.8% |
| FNB Bank, Inc. | $5,015,000 | $3,375,000 | -32.7% | 4.4% |
| Mortgage Research Center, LLC | $1,495,000 | $3,180,000 | 112.7% | 4.2% |
| Magnolia Bank | $2,215,000 | $2,895,000 | 30.7% | 3.8% |
| STOCKTON MORTGAGE CORPORATION | $660,000 | $2,795,000 | 323.5% | 3.7% |
| Regions Bank | $3,735,000 | $2,635,000 | -29.5% | 3.5% |
| GERSHMAN INVESTMENT CORP. | $3,000,000 | $2,205,000 | -26.5% | 2.9% |
| Truist | $980,000 | $2,105,000 | 114.8% | 2.8% |
| Arbor Realty Trust, Inc. | $2,275,000 | $2,055,000 | -9.7% | 2.7% |
| FirstBank | $205,000 | $1,410,000 | 587.8% | 1.8% |
| FREEDOM MORTGAGE CORPORATION | $1,440,000 | $1,410,000 | -2.1% | 1.8% |
| NAVY FEDERAL CREDIT UNION | $2,310,000 | $1,375,000 | -40.5% | 1.8% |
| Wells Fargo Bank | $1,110,000 | $1,300,000 | 17.1% | 1.7% |
| INTERLINC MORTGAGE SERVICES, LLC | $980,000 | n/a | 1.3% | |
| FIRST COMMUNITY MORTGAGE, INC. | $600,000 | $965,000 | 60.8% | 1.3% |
| RiverHills Bank | $845,000 | n/a | 1.1% | |
| FirstTrust Home Loans, Inc. | $6,480,000 | $745,000 | -88.5% | 1.0% |
| ENDEAVOR CAPITAL, LLC. | $215,000 | $700,000 | 225.6% | 0.9% |
| 21ST MORTGAGE CORPORATION | $335,000 | $660,000 | 97.0% | 0.9% |
| MYCUMORTGAGE, LLC | $650,000 | n/a | 0.9% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $615,000 | n/a | 0.8% | |
| RUOFF MORTGAGE COMPANY, INC. | $470,000 | $615,000 | 30.9% | 0.8% |
| Old National Bank | $1,005,000 | $525,000 | -47.8% | 0.7% |
| NEWREZ LLC | $105,000 | $490,000 | 366.7% | 0.6% |
| The Federal Savings Bank | $285,000 | $490,000 | 71.9% | 0.6% |
| BROKER SOLUTIONS, INC. | $105,000 | $470,000 | 347.6% | 0.6% |
| LEADERONE FINANCIAL CORPORATION | $295,000 | $450,000 | 52.5% | 0.6% |
| VILLAGE CAPITAL MORTGAGE | $390,000 | $430,000 | 10.3% | 0.6% |
| EVERETT FINANCIAL, INC. | $745,000 | $425,000 | -43.0% | 0.6% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $405,000 | n/a | 0.5% | |
| CMG MORTGAGE, INC. | $115,000 | $400,000 | 247.8% | 0.5% |
| First Southern National Bank | $400,000 | n/a | 0.5% | |
| TOP FLITE FINANCIAL, INC. | $320,000 | $400,000 | 25.0% | 0.5% |
| First Federal Bank | $255,000 | $365,000 | 43.1% | 0.5% |
| F&M Bank | $625,000 | $360,000 | -42.4% | 0.5% |
| First Financial Bank | $555,000 | $340,000 | -38.7% | 0.4% |
| Century Mortgage Company DBA Century Lending Company | $335,000 | n/a | 0.4% | |
| GUARANTEED RATE, INC. | $210,000 | $325,000 | 54.8% | 0.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $305,000 | n/a | 0.4% | |
| Bank of England | $305,000 | n/a | 0.4% | |
| Eagle Bank and Trust Company | $305,000 | n/a | 0.4% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $190,000 | $305,000 | 60.5% | 0.4% |
| POLARIS HOME FUNDING CORP. | $435,000 | $300,000 | -31.0% | 0.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $575,000 | $300,000 | -47.8% | 0.4% |
| FIRST SOUTHERN BANK | $295,000 | n/a | 0.4% | |
| PHH Mortgage Corporation | $295,000 | n/a | 0.4% | |
| Commerce Home Mortgage, Inc. | $265,000 | n/a | 0.3% | |
| GUILD MORTGAGE COMPANY | $265,000 | n/a | 0.3% | |
| Farm Credit Mid-America, ACA | $480,000 | $260,000 | -45.8% | 0.3% |
| JPMorgan Chase Bank | $265,000 | $260,000 | -1.9% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $435,000 | $250,000 | -42.5% | 0.3% |
| Discover Bank | $350,000 | $250,000 | -28.6% | 0.3% |
| CLEARPATH LENDING | $195,000 | $245,000 | 25.6% | 0.3% |
| Alliance Bank | $255,000 | $230,000 | -9.8% | 0.3% |
| AmeriHome Mortgage Company, LLC | $225,000 | n/a | 0.3% | |
| Citizens Bank | $225,000 | n/a | 0.3% | |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $225,000 | n/a | 0.3% | |
| MID AMERICA MORTGAGE, INC. | $885,000 | $225,000 | -74.6% | 0.3% |
| PNC Bank | $225,000 | n/a | 0.3% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $215,000 | n/a | 0.3% | |
| MORTGAGE INVESTORS GROUP, INC. | $175,000 | n/a | 0.2% | |
| Mr. Cooper ( Nationstar Mortgage ) | $170,000 | n/a | 0.2% | |
| Commercial Bank & Trust Co. | $165,000 | n/a | 0.2% | |
| PENNYMAC LOAN SERVICES, LLC | $195,000 | $155,000 | -20.5% | 0.2% |
| PLANET HOME LENDING, LLC | $155,000 | n/a | 0.2% | |
| CROSSCOUNTRY MORTGAGE, LLC | $445,000 | $150,000 | -66.3% | 0.2% |
| Prosperity Home Mortgage, LLC | $145,000 | $145,000 | 0.0% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $360,000 | $135,000 | -62.5% | 0.2% |
| TOWNE MORTGAGE COMPANY | $135,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $135,000 | n/a | 0.2% | |
| OCEANSIDE MORTGAGE COMPANY | $125,000 | n/a | 0.2% | |
| The Bank of New Glarus | $125,000 | n/a | 0.2% | |
| ALLIANT CREDIT UNION | $105,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $270,000 | $105,000 | -61.1% | 0.1% |
| Peoples National Bank , N.A. | $105,000 | n/a | 0.1% | |
| ENVOY MORTGAGE, LTD | $195,000 | $95,000 | -51.3% | 0.1% |
| First Citizens National Bank | $35,000 | $95,000 | 171.4% | 0.1% |
| Transportation Federal Credit Union | $95,000 | n/a | 0.1% | |
| United Bank of Union | $95,000 | n/a | 0.1% | |
| Coastal Community Bank | $45,000 | $90,000 | 100.0% | 0.1% |
| FLAT BRANCH MORTGAGE, INC. | $445,000 | $85,000 | -80.9% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $75,000 | n/a | 0.1% | |
| LOANDEPOT.COM, LLC | $760,000 | $75,000 | -90.1% | 0.1% |
| USAlliance Federal Credit Union | $75,000 | n/a | 0.1% | |
| Bank of America | $155,000 | $55,000 | -64.5% | 0.1% |
| RESIDENTIAL BANCORP | $55,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $435,000 | $55,000 | -87.4% | 0.1% |
| Carroll Bank and Trust | $45,000 | n/a | 0.1% | |
| COMMONWEALTH | $45,000 | n/a | 0.1% | |
| FIELD & MAIN BANK, INC. | $25,000 | n/a | 0.0% | |
| Fifth Third Bank | $345,000 | $15,000 | -95.7% | 0.0% |
Murray's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 9.1% market share. In second place, with 7.2%, is UNION HOME MORTGAGE CORP., having originated $5,490,000 in loans. In third place, with 6.0%, is Independence Bank of Kentucky, having originated $4,610,000 in loans. In fourth place, with 5.6%, is QUICKEN LOANS, LLC, having originated $4,240,000 in loans. In fifth place, with 4.8%, is U.S. Bank, having originated $3,650,000 in loans.
Murray, KY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 251 | $52,345,000 | $208,546 |
| Refi | 55 | $10,995,000 | $199,909 |
| Other | 40 | $4,160,000 | $104,000 |
| Cash Out Refi | 35 | $6,615,000 | $189,000 |
| Home Improvement | 31 | $2,105,000 | $67,903 |
Murray's most frequently cited loan purpose was Home Purchase, with 251 originations. The 2nd most popular reason was Refi, with 55 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 149 | $27,115,000 | $181,980 |
| 7-8% | 97 | $22,595,000 | $232,938 |
| Over 8% | 67 | $6,315,000 | $94,254 |
| 5-6% | 56 | $13,270,000 | $236,964 |
| 3-4% | 5 | $55,000 | $11,000 |
| 4-5% | 2 | $390,000 | $195,000 |
| 2.5-3% | 1 | $105,000 | $105,000 |
During 2024, Murray's most frequently originated rate bucket was 6-7%, with 149 originations.
Loan Sizing (Murray, KY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 151 | $21,855,000 | $144,735 |
| $200k-400k | 124 | $33,000,000 | $266,129 |
| $100,000 or less | 112 | $6,550,000 | $58,482 |
| $400k-600k | 19 | $8,885,000 | $467,632 |
| $600k-1000k | 5 | $3,875,000 | $775,000 |
| $Over $1MM | 1 | $2,055,000 | $2,055,000 |
Murray's loan sizing saw the bucket of loans from $100k-200k with 151 originations, totaling $21,855,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 174 | $39,230,000 | $225,460 |
| 60-80% | 58 | $11,210,000 | $193,276 |
| Under 20% | 50 | $2,950,000 | $59,000 |
| 20-40% | 39 | $3,555,000 | $91,154 |
| 40-60% | 36 | $8,380,000 | $232,778 |
| Over 100% | 7 | $1,875,000 | $267,857 |
Murray's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 174 originations, totaling $39,230,000 in origination value.