Murray Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Murray averaged
6.69%
for the week of 2023-03-23, compared to the national average of
6.42% for the same period.
The average rate for the prior week (2023-03-16) was
6.97% and
one month ago for the week of 2023-02-16, the
average rate was 6.69%.
Murray's average rate one year ago was 4.1%.
For refis of the same type during the week of 2023-03-23, the average rate
was 6.88%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-23 | 6.42% |
Murray 30 Year Fixed Rate | 2023-03-23 | 6.69% |
Murray 30 Year Fixed Rate Refi | 2023-03-23 | 6.88% |
Murray 15 Year Fixed Rate | 2023-03-23 | 5.88% |
Murray 15 Year Fixed Rate Refi | 2023-03-23 | 6.42% |
Murray 30 Year FHA | 2023-03-23 | 6.03% |
Murray 30 Year FHA Refi | 2023-03-23 | 6.03% |
Murray 30 Year USDA | 2023-03-23 | 6.02% |
Murray 30 Year USDA Refi | 2023-03-23 | 5.9% |
Murray 30 Year VA | 2023-03-23 | 5.94% |
Murray 30 Year VA Refi | 2023-03-23 | 5.71% |
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 65 lenders originated 624
loans during 2022. The total origination value was $121,140,000, with an average loan value of
$194,135.
Murray's average closing costs are $4,035.
The top Murray lender as defined by loan originations is U.S. Bank, with
30 loans originated. Their average total fees are
$3,622, which is $470
higher than the next largest lender,
CRESCENT MORTGAGE COMPANY.
The lowest fee Murray lenders (with over 10 loans originated) are
Independence Bank of Kentucky ($2,411), CRESCENT MORTGAGE COMPANY ($3,152), U.S. Bank ($3,622), UNITED WHOLESALE MORTGAGE, LLC ($4,280) and QUICKEN LOANS, LLC ($6,247).
The lowest rate Murray lenders (with over 10 loans originated) are
Independence Bank of Kentucky (4.44%), CRESCENT MORTGAGE COMPANY (4.82%), U.S. Bank (4.99%), QUICKEN LOANS, LLC (5.55%) and UNITED WHOLESALE MORTGAGE, LLC (5.66%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
FNB Bank, Inc. | $8,655,000 | $10,395,000 | 20.1% | 8.6% |
U.S. Bank | $14,630,000 | $8,930,000 | -39.0% | 7.4% |
QUICKEN LOANS, LLC | $14,555,000 | $7,165,000 | -50.8% | 5.9% |
Independence Bank of Kentucky | $6,420,000 | $6,565,000 | 2.3% | 5.4% |
CRESCENT MORTGAGE COMPANY | $13,120,000 | $6,365,000 | -51.5% | 5.3% |
Magnolia Bank | $7,110,000 | $5,170,000 | -27.3% | 4.3% |
UNITED WHOLESALE MORTGAGE, LLC | $2,460,000 | $4,125,000 | 67.7% | 3.4% |
Truist | $4,705,000 | $3,760,000 | -20.1% | 3.1% |
Regions Bank | $5,210,000 | $3,535,000 | -32.1% | 2.9% |
FREEDOM MORTGAGE CORPORATION | $5,690,000 | $3,060,000 | -46.2% | 2.5% |
Mortgage Research Center, LLC | $5,200,000 | $2,785,000 | -46.4% | 2.3% |
GERSHMAN INVESTMENT CORP. | $2,220,000 | $2,440,000 | 9.9% | 2.0% |
First Financial Bank | $3,015,000 | $2,330,000 | -22.7% | 1.9% |
LOANDEPOT.COM, LLC | $5,560,000 | $1,835,000 | -67.0% | 1.5% |
JPMorgan Chase Bank | $845,000 | $1,830,000 | 116.6% | 1.5% |
STOCKTON MORTGAGE CORPORATION | $3,395,000 | $1,825,000 | -46.2% | 1.5% |
GUARANTY HOME MORTGAGE CORPORATION | $2,600,000 | $1,775,000 | -31.7% | 1.5% |
River Valley AgCredit, ACA | $125,000 | $1,625,000 | 1,200.0% | 1.3% |
Fifth Third Bank | $650,000 | $1,455,000 | 123.8% | 1.2% |
NAVY FEDERAL CREDIT UNION | $910,000 | $1,450,000 | 59.3% | 1.2% |
Bank of Hillsboro | $1,375,000 | n/a | 1.1% | |
AMERISAVE MORTGAGE CORPORATION | $2,855,000 | $1,275,000 | -55.3% | 1.1% |
MID AMERICA MORTGAGE, INC. | $1,150,000 | $1,130,000 | -1.7% | 0.9% |
AgFirst Farm Credit Bank | $2,220,000 | $1,030,000 | -53.6% | 0.9% |
F&M Bank | $1,405,000 | $985,000 | -29.9% | 0.8% |
FirstTrust Home Loans, Inc. | $960,000 | n/a | 0.8% | |
Planters Bank, Inc. | $5,000 | $950,000 | 18,900.0% | 0.8% |
USAA Federal Savings Bank | $1,385,000 | $910,000 | -34.3% | 0.8% |
The Federal Savings Bank | $225,000 | $835,000 | 271.1% | 0.7% |
Bank of England | $105,000 | $805,000 | 666.7% | 0.7% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $805,000 | n/a | 0.7% | |
Simmons Bank | $135,000 | $800,000 | 492.6% | 0.7% |
POLARIS HOME FUNDING CORP. | $770,000 | n/a | 0.6% | |
FIELD & MAIN BANK, INC. | $730,000 | n/a | 0.6% | |
PENNYMAC LOAN SERVICES, LLC | $1,295,000 | $725,000 | -44.0% | 0.6% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $135,000 | $690,000 | 411.1% | 0.6% |
Sunflower Bank | $645,000 | n/a | 0.5% | |
HOME POINT FINANCIAL CORPORATION | $350,000 | $595,000 | 70.0% | 0.5% |
21ST MORTGAGE CORPORATION | $380,000 | $590,000 | 55.3% | 0.5% |
MOVEMENT MORTGAGE, LLC | $570,000 | n/a | 0.5% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $105,000 | $545,000 | 419.0% | 0.4% |
COMPASS MORTGAGE, INC. | $530,000 | n/a | 0.4% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $530,000 | n/a | 0.4% | |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $815,000 | $500,000 | -38.7% | 0.4% |
Wells Fargo Bank | $1,995,000 | $500,000 | -74.9% | 0.4% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $2,850,000 | $440,000 | -84.6% | 0.4% |
Bank of America | $705,000 | $435,000 | -38.3% | 0.4% |
Flagstar Bank, FSB | $125,000 | $410,000 | 228.0% | 0.3% |
Citizens Bank | $360,000 | $405,000 | 12.5% | 0.3% |
GREAT RIVER FEDERAL CREDIT UNION | $405,000 | n/a | 0.3% | |
INTERLINC MORTGAGE SERVICES, LLC | $405,000 | n/a | 0.3% | |
Horizon Bank | $400,000 | n/a | 0.3% | |
GUARANTEED RATE, INC. | $380,000 | $395,000 | 3.9% | 0.3% |
Owen County State Bank | $395,000 | n/a | 0.3% | |
NEW DAY FINANCIAL, LLC | $430,000 | $390,000 | -9.3% | 0.3% |
Equity Prime Mortgage LLC | $375,000 | n/a | 0.3% | |
PENTAGON FEDERAL CREDIT UNION | $365,000 | n/a | 0.3% | |
EVERETT FINANCIAL, INC. | $540,000 | $360,000 | -33.3% | 0.3% |
FIRST COMMUNITY MORTGAGE, INC. | $975,000 | $360,000 | -63.1% | 0.3% |
Mr. Cooper ( Nationstar Mortgage ) | $1,470,000 | $335,000 | -77.2% | 0.3% |
Armed Forces Bank | $325,000 | n/a | 0.3% | |
Clear Mountain Bank | $325,000 | n/a | 0.3% | |
CROSSCOUNTRY MORTGAGE, LLC | $135,000 | $325,000 | 140.7% | 0.3% |
BROKER SOLUTIONS, INC. | $1,025,000 | $310,000 | -69.8% | 0.3% |
Farmers Bank and Trust Company | $285,000 | n/a | 0.2% | |
ROUNDPOINT MORTGAGE SERVICING CORPORATION | $275,000 | n/a | 0.2% | |
FirstBank | $1,530,000 | $270,000 | -82.4% | 0.2% |
RELIANCE FIRST CAPITAL, LLC | $255,000 | n/a | 0.2% | |
WesBanco Bank, Inc. | $255,000 | n/a | 0.2% | |
Ally Bank | $85,000 | $245,000 | 188.2% | 0.2% |
BMO Harris Bank | $235,000 | n/a | 0.2% | |
CALIBER HOME LOANS, INC. | $545,000 | $235,000 | -56.9% | 0.2% |
MYCUMORTGAGE, LLC | $895,000 | $230,000 | -74.3% | 0.2% |
Commercial Bank & Trust Co. | $475,000 | $225,000 | -52.6% | 0.2% |
ZILLOW HOME LOANS, LLC | $225,000 | n/a | 0.2% | |
First National Bank of Omaha | $205,000 | n/a | 0.2% | |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $205,000 | n/a | 0.2% | |
Third Federal Savings and Loan Association of Cleveland | $205,000 | n/a | 0.2% | |
UNION HOME MORTGAGE CORP. | $205,000 | n/a | 0.2% | |
Wyndham Capital Mortgage, Inc. | $195,000 | $205,000 | 5.1% | 0.2% |
AMERICAN FINANCIAL RESOURCES, INC. | $190,000 | n/a | 0.2% | |
Century Mortgage Company DBA Century Lending Company | $315,000 | $185,000 | -41.3% | 0.2% |
First Horizon Bank | $185,000 | n/a | 0.2% | |
Flanagan State Bank | $215,000 | $185,000 | -14.0% | 0.2% |
EVANSVILLE TEACHERS | $125,000 | $180,000 | 44.0% | 0.1% |
COMMUNITY MORTGAGE CORPORATION | $165,000 | n/a | 0.1% | |
SOUTHWEST FUNDING, LP | $165,000 | n/a | 0.1% | |
First Harrison Bank | $155,000 | n/a | 0.1% | |
NFM, INC. | $155,000 | n/a | 0.1% | |
THRIVENT Federal Credit Union | $155,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $395,000 | $145,000 | -63.3% | 0.1% |
ASCEND FEDERAL CREDIT UNION | $145,000 | n/a | 0.1% | |
M&T Bank | $145,000 | n/a | 0.1% | |
TRIAD FINANCIAL SERVICES, INC. | $145,000 | n/a | 0.1% | |
SouthernTrust Bank | $135,000 | n/a | 0.1% | |
VILLAGE CAPITAL MORTGAGE | $85,000 | $135,000 | 58.8% | 0.1% |
CHURCHILL MORTGAGE CORPORATION | $555,000 | $115,000 | -79.3% | 0.1% |
Forcht Bank | $115,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $605,000 | $105,000 | -82.6% | 0.1% |
Nations Lending Corporation | $255,000 | $95,000 | -62.7% | 0.1% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $710,000 | $95,000 | -86.6% | 0.1% |
CMG MORTGAGE, INC. | $505,000 | $85,000 | -83.2% | 0.1% |
Discover Bank | $175,000 | $85,000 | -51.4% | 0.1% |
First State Bank of Forrest | $85,000 | n/a | 0.1% | |
LAKEVIEW LOAN SERVICING, LLC | $135,000 | $85,000 | -37.0% | 0.1% |
PHH Mortgage Corporation | $85,000 | n/a | 0.1% | |
The Huntington National Bank | $75,000 | n/a | 0.1% | |
COMMONWEALTH | $55,000 | $70,000 | 27.3% | 0.1% |
Deere Employees Credit Union | $70,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $55,000 | n/a | 0.0% | |
Farm Credit Mid-America, ACA | $990,000 | $55,000 | -94.4% | 0.0% |
Murray's top lender by overall market share is FNB Bank, Inc., with 8.6% market share. In second place, with 7.4%, is U.S. Bank, having originated $8,930,000 in loans. In third place, with 5.9%, is QUICKEN LOANS, LLC, having originated $7,165,000 in loans. In fourth place, with 5.4%, is Independence Bank of Kentucky, having originated $6,565,000 in loans. In fifth place, with 5.3%, is CRESCENT MORTGAGE COMPANY, having originated $6,365,000 in loans.
Murray Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Murray (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 | $171,575 (4.3%) | $240,022 (-3.6%) | 0.00 | 193 |
2018-02-01 | $178,250 (5.3%) | $248,314 (-5.0%) | 0.00 | 181 |
2018-03-01 | $169,450 (-8.5%) | $245,490 (-9.1%) | 0.00 | 202 |
2018-04-01 | $170,000 (-6.9%) | $242,837 (-7.6%) | 0.00 | 230 |
2018-05-01 | $168,750 (-9.8%) | $241,861 (-8.3%) | 0.00 | 240 |
2018-06-01 | $169,900 (-12.3%) | $244,380 (-8.9%) | 0.00 | 231 |
2018-07-01 | $179,225 (-10.3%) | $242,195 (-10.5%) | 0.00 | 229 |
2018-08-01 | $181,200 (-3.8%) | $242,618 (-6.9%) | 0.00 | 233 |
2018-09-01 | $189,000 (1.0%) | $249,019 (-4.4%) | 0.00 | 228 |
2018-10-01 | $190,950 (4.6%) | $252,500 (-2.0%) | 0.00 | 218 |
2018-11-01 | $190,175 (7.8%) | $250,809 (-0.4%) | 0.00 | 210 |
2018-12-01 | $189,900 (5.8%) | $257,420 (5.6%) | 0.00 | 192 |
2019-01-01 | $189,900 (10.7%) | $256,626 (6.9%) | 0.00 | 185 |
2019-02-01 | $184,250 (3.4%) | $252,399 (1.7%) | 0.00 | 183 |
2019-03-01 | $183,243 (8.1%) | $249,338 (1.6%) | 0.00 | 199 |
2019-04-01 | $184,900 (8.8%) | $248,731 (2.4%) | 0.00 | 220 |
2019-05-01 | $186,500 (10.5%) | $250,661 (3.6%) | 0.00 | 231 |
2019-06-01 | $189,000 (11.2%) | $256,393 (4.9%) | 0.00 | 231 |
2019-07-01 | $189,450 (5.7%) | $259,935 (7.3%) | 0.00 | 231 |
2019-08-01 | $194,805 (7.5%) | $267,170 (10.1%) | 0.00 | 215 |
2019-09-01 | $196,461 (4.0%) | $269,269 (8.1%) | 0.00 | 200 |
2019-10-01 | $196,191 (2.7%) | $264,678 (4.8%) | 0.00 | 185 |
2019-11-01 | $189,000 (-0.6%) | $247,391 (-1.4%) | 0.00 | 188 |
2019-12-01 | $189,000 (-0.5%) | $244,470 (-5.0%) | 0.00 | 180 |
2020-01-01 | $182,625 (-3.8%) | $243,235 (-5.2%) | 0.00 | 166 |
2020-02-01 | $189,900 (3.1%) | $270,879 (7.3%) | 0.00 | 124 |
2020-03-01 | $239,325 (30.6%) | $301,430 (20.9%) | 0.00 | 126 |
2020-04-01 | $247,225 (33.7%) | $304,634 (22.5%) | 0.00 | 115 |
2020-05-01 | $269,900 (44.7%) | $319,639 (27.5%) | 0.00 | 100 |
2020-06-01 | $264,825 (40.1%) | $332,525 (29.7%) | 0.00 | 88 |
2020-07-01 | $250,425 (32.2%) | $342,907 (31.9%) | 0.00 | 84 |
2020-08-01 | $289,000 (48.4%) | $374,312 (40.1%) | 0.00 | 84 |
2020-09-01 | $299,000 (52.2%) | $393,058 (46.0%) | 0.00 | 78 |
2020-10-01 | $303,500 (54.7%) | $393,339 (48.6%) | 0.00 | 73 |
2020-11-01 | $297,000 (57.1%) | $407,321 (64.7%) | 0.00 | 77 |
2020-12-01 | $249,250 (31.9%) | $391,928 (60.3%) | 0.00 | 76 |
2021-01-01 | $282,250 (54.6%) | $432,521 (77.8%) | 0.00 | 58 |
2021-02-01 | $295,000 (55.3%) | $504,397 (86.2%) | 0.00 | 46 |
2021-03-01 | $289,825 (21.1%) | $478,299 (58.7%) | 0.00 | 43 |
2021-04-01 | $319,000 (29.0%) | $429,961 (41.1%) | 0.00 | 40 |
2021-05-01 | $364,950 (35.2%) | $482,433 (50.9%) | 0.00 | 40 |
2021-06-01 | $252,250 (-4.8%) | $412,618 (24.1%) | 0.00 | 46 |
2021-07-01 | $222,450 (-11.2%) | $381,412 (11.2%) | 0.00 | 54 |
2021-08-01 | $225,975 (-21.8%) | $411,281 (9.9%) | 0.00 | 56 |
2021-09-01 | $227,475 (-23.9%) | $407,317 (3.6%) | 0.00 | 53 |
2021-10-01 | $249,450 (-17.8%) | $411,717 (4.7%) | 0.00 | 57 |
2021-11-01 | $234,250 (-21.1%) | $399,737 (-1.9%) | 0.00 | 59 |
2021-12-01 | $240,700 (-3.4%) | $409,292 (4.4%) | 0.00 | 63 |
2022-01-01 | $291,900 (3.4%) | $433,083 (0.1%) | 0.00 | 51 |
2022-02-01 | $321,950 (9.1%) | $472,520 (-6.3%) | 0.00 | 37 |
2022-03-01 | $328,000 (13.2%) | $448,002 (-6.3%) | 0.00 | 35 |
2022-04-01 | $282,000 (-11.6%) | $433,121 (0.7%) | 0.00 | 32 |
2022-05-01 | $312,425 (-14.4%) | $419,315 (-13.1%) | 0.00 | 40 |
2022-06-01 | $327,000 (29.6%) | $405,800 (-1.7%) | 0.00 | 44 |
2022-07-01 | $320,000 (43.9%) | $413,042 (8.3%) | 0.00 | 48 |
2022-08-01 | $317,450 (40.5%) | $419,790 (2.1%) | 0.00 | 50 |
2022-09-01 | $351,500 (54.5%) | $451,028 (10.7%) | 0.00 | 47 |
2022-10-01 | $343,750 (37.8%) | $416,985 (1.3%) | 0.00 | 53 |
2022-11-01 | $347,000 (48.1%) | $429,397 (7.4%) | 0.00 | 57 |
2022-12-01 | $299,000 (24.2%) | $394,205 (-3.7%) | 0.00 | 59 |
2023-01-01 | $279,950 (-4.1%) | $352,843 (-18.5%) | 0.00 | 53 |
2023-02-01 | $277,500 (-13.8%) | $362,915 (-23.2%) | 0.00 | 53 |
Murray's median listing price comes in at 0% of the national average.
Murray's average listing price for 2023-02-01 was $362,915, a difference of $-109,605 (-23.2%) versus the prior year and $10,072 versus the prior month.
For the 2023-02-01 period, Murray had 53 MLS listings, a difference of 0 listings (0%) versus the prior month and 16 listings (43%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Murray (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,916 sqft |
2018-02-01 | 0 days | 1,947 sqft |
2018-03-01 | 0 days | 1,902 sqft |
2018-04-01 | 0 days | 1,895 sqft |
2018-05-01 | 0 days | 1,892 sqft |
2018-06-01 | 0 days | 1,870 sqft |
2018-07-01 | 0 days | 1,876 sqft |
2018-08-01 | 0 days | 1,917 sqft |
2018-09-01 | 0 days | 1,930 sqft |
2018-10-01 | 0 days | 2,003 sqft |
2018-11-01 | 0 days | 2,018 sqft |
2018-12-01 | 0 days | 2,024 sqft |
2019-01-01 | 0 days | 2,036 sqft |
2019-02-01 | 0 days | 2,016 sqft |
2019-03-01 | 0 days | 1,959 sqft |
2019-04-01 | 0 days | 1,883 sqft |
2019-05-01 | 0 days | 1,925 sqft |
2019-06-01 | 0 days | 1,961 sqft |
2019-07-01 | 0 days | 2,027 sqft |
2019-08-01 | 0 days | 2,061 sqft |
2019-09-01 | 0 days | 2,077 sqft |
2019-10-01 | 0 days | 2,075 sqft |
2019-11-01 | 0 days | 2,027 sqft |
2019-12-01 | 0 days | 1,968 sqft |
2020-01-01 | 0 days | 1,877 sqft |
2020-02-01 | 0 days | 1,857 sqft |
2020-03-01 | 0 days | 2,026 sqft |
2020-04-01 | 0 days | 2,150 sqft |
2020-05-01 | 0 days | 2,310 sqft |
2020-06-01 | 0 days | 2,185 sqft |
2020-07-01 | 0 days | 2,149 sqft |
2020-08-01 | 0 days | 2,269 sqft |
2020-09-01 | 0 days | 2,208 sqft |
2020-10-01 | 0 days | 2,251 sqft |
2020-11-01 | 0 days | 2,391 sqft |
2020-12-01 | 0 days | 2,153 sqft |
2021-01-01 | 0 days | 2,506 sqft |
2021-02-01 | 0 days | 2,561 sqft |
2021-03-01 | 0 days | 2,433 sqft |
2021-04-01 | 0 days | 2,597 sqft |
2021-05-01 | 0 days | 2,640 sqft |
2021-06-01 | 0 days | 1,945 sqft |
2021-07-01 | 0 days | 1,748 sqft |
2021-08-01 | 0 days | 1,829 sqft |
2021-09-01 | 0 days | 1,816 sqft |
2021-10-01 | 0 days | 1,960 sqft |
2021-11-01 | 0 days | 1,868 sqft |
2021-12-01 | 0 days | 1,883 sqft |
2022-01-01 | 0 days | 2,093 sqft |
2022-02-01 | 0 days | 2,065 sqft |
2022-03-01 | 0 days | 2,035 sqft |
2022-04-01 | 0 days | 2,022 sqft |
2022-05-01 | 0 days | 2,189 sqft |
2022-06-01 | 0 days | 2,059 sqft |
2022-07-01 | 0 days | 2,100 sqft |
2022-08-01 | 0 days | 2,274 sqft |
2022-09-01 | 0 days | 2,280 sqft |
2022-10-01 | 0 days | 2,291 sqft |
2022-11-01 | 0 days | 2,294 sqft |
2022-12-01 | 0 days | 2,243 sqft |
2023-01-01 | 0 days | 2,004 sqft |
2023-02-01 | 0 days | 1,980 sqft |
Murray's median square footage for active listings during the 2023-02-01 period was 1,980 sqft. One year prior, the average listing was 2,065 sqft.
Murray, KY Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 367 | $85,255,000 | $232,302 |
Refi | 88 | $11,430,000 | $129,886 |
Cash Out Refi | 87 | $15,955,000 | $183,391 |
Other | 51 | $6,085,000 | $119,314 |
Home Improvement | 31 | $2,415,000 | $77,903 |
Murray's most frequently cited loan purpose was Home Purchase, with 367 originations. The 2nd most popular reason was Refi, with 88 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 150 | $25,710,000 | $171,400 |
3-4% | 143 | $24,125,000 | $168,706 |
4-5% | 126 | $24,260,000 | $192,540 |
6-7% | 68 | $13,090,000 | $192,500 |
7-8% | 32 | $4,540,000 | $141,875 |
2.5-3% | 30 | $6,180,000 | $206,000 |
<2.5% | 4 | $1,860,000 | $465,000 |
Over 8% | 3 | $175,000 | $58,333 |
During 2022, Murray's most frequently originated rate bucket was 5-6%, with 150 originations.
Loan Sizing (Murray, KY MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 244 | $36,380,000 | $149,098 |
$200k-400k | 173 | $45,645,000 | $263,844 |
$100,000 or less | 171 | $10,445,000 | $61,082 |
$400k-600k | 22 | $9,940,000 | $451,818 |
$600k-1000k | 10 | $7,220,000 | $722,000 |
$Over $1MM | 4 | $11,510,000 | $2,877,500 |
Murray's loan sizing saw the bucket of loans from $100k-200k with 244 originations, totaling $36,380,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 243 | $49,695,000 | $204,506 |
60-80% | 146 | $32,880,000 | $225,205 |
40-60% | 61 | $8,995,000 | $147,459 |
Under 20% | 47 | $1,445,000 | $30,745 |
20-40% | 42 | $3,250,000 | $77,381 |
Over 100% | 9 | $2,585,000 | $287,222 |
Murray's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 243 originations, totaling $49,695,000 in origination value.