Muscatine Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Muscatine averaged 6.1% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 6.1% and one month ago for the week of 2024-09-05, the average rate was 5.93%.

Muscatine's average rate one year ago was 7.17%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.42%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Muscatine 30 Year Fixed Rate 2024-10-10 6.1%
Muscatine 30 Year Fixed Rate Refi 2024-10-10 6.42%
Muscatine 15 Year Fixed Rate 2024-10-10 5.51%
Muscatine 15 Year Fixed Rate Refi 2024-10-10 5.31%
Muscatine 30 Year FHA 2024-10-10 6.29%
Muscatine 30 Year FHA Refi 2024-10-10 6.1%
Muscatine 30 Year USDA 2024-10-10 6.08%
Muscatine 30 Year USDA Refi 2024-10-10 5.98%
Muscatine 30 Year VA 2024-10-10 5.65%
Muscatine 30 Year VA Refi 2024-10-10 5.95%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Muscatine, IA.

Muscatine 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 Muscatine, IA 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CBI Bank & Trust 39 7.03% $2,599
GREENSTATE CREDIT UNION 32 6.39% $1,957
RUHL MORTGAGE, LLC 29 6.51% $2,005
MidWestOne Bank 18 6.87% $2,563
ASCENTRA 17 5.98% $2,123
IOWA BANKERS MORTGAGE CORPORATION 14 6.31% $1,947
QUICKEN LOANS, LLC 12 6.69% $6,109
Hills Bank and Trust Company 9 6.36% $1,821
U.S. Bank 5 6.42% $2,796
VERIDIAN CREDIT UNION 4 6.47% $1,852
Wells Fargo Bank 3 6.38% $3,510
DuTrac Community Credit Union 3 6.00% $2,377
Collins Community Credit Union 3 6.16% $1,786
RESIDENTIAL MORTGAGE NETWORK, INC. 3 7.25% $3,358
R.I.A. Federal Credit Union 3 6.58% $2,352
SUN WEST MORTGAGE COMPANY, INC. 3 6.50% $6,731
BROKER SOLUTIONS, INC. 3 6.74% $4,786
CARDINAL FINANCIAL 2 6.13% $14,150
HOMESIDE FINANCIAL, LLC 2 6.75% $6,988
Deere Employees Credit Union 2 5.69% $2,457
Two Rivers Bank & Trust 1 6.75% $1,457
UNITED WHOLESALE MORTGAGE, LLC 1 6.00% $6,303
Mortgage Research Center, LLC 1 6.99% $1,606
AMERISAVE MORTGAGE CORPORATION 1 5.13% $6,589
Bank of Tennessee 1 7.13% $2,994
CITIZENS EQUITY FIRST 1 7.25% $450
COMMUNITY 1ST CREDIT UNION 1 6.25% $1,756
CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $2,354
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $2,765
Flanagan State Bank 1 6.88% $6,637
GAS AND ELECTRIC CREDIT UNION 1 6.50% $2,175
I. H. MISSISSIPPI VALLEY CREDIT UNION 1 6.13% $2,355
Ixonia Bank 1 6.63% $2,907
JPMorgan Chase Bank 1 6.75% $0
Luana Savings Bank 1 6.13% $901
MARINE 1 8.73% $4,019
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.38% $2,681
Mr. Cooper ( Nationstar Mortgage ) 1 6.49% $7,754
PENNYMAC LOAN SERVICES, LLC 1 6.88% $9,400
PREMIA MORTGAGE, LLC 1 6.50% $2,070
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.50% $8,161
Truist 1 6.99% $4,754

Muscatine Average Closing Costs & Other Stats

Muscatine, IA's 42 lenders originated 776 loans during 2023. The total origination value was $106,300,000, with an average loan value of $136,985.

Muscatine's average closing costs are $3,573.

The top Muscatine lender as defined by loan originations is CBI Bank & Trust, with 39 loans originated. Their average total fees are $2,599, which is $642 higher than the next largest lender, GREENSTATE CREDIT UNION.

The lowest fee Muscatine lenders (with over 10 loans originated) are IOWA BANKERS MORTGAGE CORPORATION ($1,947), GREENSTATE CREDIT UNION ($1,957), RUHL MORTGAGE, LLC ($2,005), ASCENTRA ($2,123) and MidWestOne Bank ($2,563).

The lowest rate Muscatine lenders (with over 10 loans originated) are ASCENTRA (5.98%), IOWA BANKERS MORTGAGE CORPORATION (6.31%), GREENSTATE CREDIT UNION (6.39%), RUHL MORTGAGE, LLC (6.51%) and QUICKEN LOANS, LLC (6.69%).

Muscatine, IA 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
MidWestOne Bank $6,950,000 $18,360,000 164.2% 17.3%
CBI Bank & Trust $17,380,000 $15,405,000 -11.4% 14.5%
GREENSTATE CREDIT UNION $12,285,000 $10,520,000 -14.4% 9.9%
RUHL MORTGAGE, LLC $12,680,000 $7,830,000 -38.2% 7.4%
ASCENTRA $6,310,000 $5,040,000 -20.1% 4.7%
QUICKEN LOANS, LLC $6,780,000 $4,690,000 -30.8% 4.4%
IOWA BANKERS MORTGAGE CORPORATION $2,905,000 $3,280,000 12.9% 3.1%
BROKER SOLUTIONS, INC. $2,660,000 $3,195,000 20.1% 3.0%
HOMESIDE FINANCIAL, LLC $655,000 $2,900,000 342.7% 2.7%
Mortgage Research Center, LLC $1,965,000 $2,680,000 36.4% 2.5%
Hills Bank and Trust Company $5,030,000 $2,530,000 -49.7% 2.4%
U.S. Bank $3,450,000 $2,485,000 -28.0% 2.3%
SUN WEST MORTGAGE COMPANY, INC. $940,000 $1,810,000 92.6% 1.7%
Washington State Bank $460,000 $1,610,000 250.0% 1.5%
RESIDENTIAL MORTGAGE NETWORK, INC. $2,835,000 $1,525,000 -46.2% 1.4%
Collins Community Credit Union $25,000 $1,235,000 4,840.0% 1.2%
CARDINAL FINANCIAL $3,415,000 $1,170,000 -65.7% 1.1%
Mr. Cooper ( Nationstar Mortgage ) $945,000 $1,045,000 10.6% 1.0%
Wells Fargo Bank $1,480,000 $1,005,000 -32.1% 0.9%
VERIDIAN CREDIT UNION $800,000 $970,000 21.3% 0.9%
UNITED WHOLESALE MORTGAGE, LLC $885,000 n/a 0.8%
R.I.A. Federal Credit Union $840,000 $790,000 -6.0% 0.7%
THE FAMILY CREDIT UNION $805,000 $770,000 -4.3% 0.7%
Deere Employees Credit Union $605,000 $765,000 26.4% 0.7%
Flanagan State Bank $205,000 $750,000 265.9% 0.7%
DuTrac Community Credit Union $4,320,000 $705,000 -83.7% 0.7%
Bank of Tennessee $635,000 n/a 0.6%
AMERICAN PACIFIC MORTGAGE CORPORATION $540,000 n/a 0.5%
NEWREZ LLC $2,180,000 $415,000 -81.0% 0.4%
CROSSCOUNTRY MORTGAGE, LLC $405,000 $410,000 1.2% 0.4%
PREMIA MORTGAGE, LLC $980,000 $390,000 -60.2% 0.4%
AMERISAVE MORTGAGE CORPORATION $795,000 $385,000 -51.6% 0.4%
Carrington Mortgage Services, LLC $1,225,000 $365,000 -70.2% 0.3%
Midwest Bank $345,000 $365,000 5.8% 0.3%
NAVY FEDERAL CREDIT UNION $555,000 $360,000 -35.1% 0.3%
GUILD MORTGAGE COMPANY $625,000 $345,000 -44.8% 0.3%
MARINE $465,000 $310,000 -33.3% 0.3%
Two Rivers Bank & Trust $75,000 $305,000 306.7% 0.3%
FREEDOM MORTGAGE CORPORATION $895,000 $295,000 -67.0% 0.3%
VILLAGE CAPITAL MORTGAGE $290,000 n/a 0.3%
NATIONWIDE MORTGAGE BANKERS, INC. $275,000 n/a 0.3%
Luana Savings Bank $720,000 $260,000 -63.9% 0.2%
AMERICAN FINANCING CORPORATION $125,000 $255,000 104.0% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $185,000 $250,000 35.1% 0.2%
CALIBER HOME LOANS, INC. $95,000 $245,000 157.9% 0.2%
First Central State Bank $320,000 $240,000 -25.0% 0.2%
USAA Federal Savings Bank $380,000 $225,000 -40.8% 0.2%
Blue Grass Savings Bank $90,000 $205,000 127.8% 0.2%
Fortress Bank $205,000 n/a 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $105,000 $205,000 95.2% 0.2%
Chickasaw Community Bank $195,000 n/a 0.2%
CITIZENS EQUITY FIRST $470,000 $185,000 -60.6% 0.2%
PLAZA HOME MORTGAGE, INC. $65,000 $185,000 184.6% 0.2%
PENNYMAC LOAN SERVICES, LLC $720,000 $175,000 -75.7% 0.2%
GUARANTEED RATE, INC. $165,000 n/a 0.2%
Ixonia Bank $165,000 n/a 0.2%
COMMUNITY 1ST CREDIT UNION $155,000 n/a 0.1%
Truist $155,000 n/a 0.1%
GAS AND ELECTRIC CREDIT UNION $665,000 $150,000 -77.4% 0.1%
OPEN MORTGAGE, LLC $185,000 $150,000 -18.9% 0.1%
Figure Lending LLC $80,000 $145,000 81.3% 0.1%
Blackhawk Bank & Trust $195,000 $135,000 -30.8% 0.1%
Servion, Inc. $520,000 $135,000 -74.0% 0.1%
Cedar Rapids Bank and Trust Company $125,000 n/a 0.1%
Flagstar Bank, FSB $525,000 $125,000 -76.2% 0.1%
I. H. MISSISSIPPI VALLEY CREDIT UNION $2,275,000 $115,000 -94.9% 0.1%
Plains Commerce Bank $115,000 n/a 0.1%
INTERRA CREDIT UNION $105,000 n/a 0.1%
Ames National Corporation/Reliance State Bank $95,000 n/a 0.1%
Denver Savings Bank $95,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $95,000 n/a 0.1%
NEW DAY FINANCIAL, LLC $95,000 n/a 0.1%
SENB Bank $960,000 $85,000 -91.1% 0.1%
Coastal Community Bank $75,000 n/a 0.1%
21ST MORTGAGE CORPORATION $80,000 $70,000 -12.5% 0.1%
JPMorgan Chase Bank $115,000 $65,000 -43.5% 0.1%
Old National Bank $55,000 n/a 0.1%
DUPACO COMMUNITY $110,000 $45,000 -59.1% 0.0%
Quad City Bank and Trust Company $110,000 $15,000 -86.4% 0.0%

Muscatine's top lender by overall market share is MidWestOne Bank, with 17.3% market share. In second place, with 14.5%, is CBI Bank & Trust, having originated $15,405,000 in loans. In third place, with 9.9%, is GREENSTATE CREDIT UNION, having originated $10,520,000 in loans. In fourth place, with 7.4%, is RUHL MORTGAGE, LLC, having originated $7,830,000 in loans. In fifth place, with 4.7%, is ASCENTRA, having originated $5,040,000 in loans.


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

Realtor.com - Muscatine (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 $147,175 (-0.9%) $173,597 (1.1%) 0.00 95
2018-02-01 $146,975 (2.5%) $171,364 (-1.7%) 0.00 90
2018-03-01 $149,900 (7.2%) $181,981 (6.8%) 0.00 89
2018-04-01 $174,850 (17.0%) $202,860 (14.6%) 0.00 89
2018-05-01 $180,150 (30.5%) $213,679 (24.4%) 0.00 92
2018-06-01 $197,000 (30.9%) $223,418 (31.6%) 0.00 108
2018-07-01 $199,075 (32.8%) $218,919 (28.9%) 0.00 118
2018-08-01 $185,500 (23.8%) $205,585 (19.6%) 0.00 120
2018-09-01 $174,900 (14.1%) $199,548 (15.3%) 0.00 134
2018-10-01 $165,875 (15.5%) $197,839 (18.7%) 0.00 148
2018-11-01 $166,225 (13.8%) $206,742 (19.8%) 0.00 142
2018-12-01 $174,900 (20.7%) $212,930 (23.6%) 0.00 142
2019-01-01 $157,950 (7.3%) $202,650 (16.7%) 0.00 147
2019-02-01 $167,400 (13.9%) $217,297 (26.8%) 0.00 133
2019-03-01 $167,836 (12.0%) $213,191 (17.2%) 0.00 126
2019-04-01 $162,225 (-7.2%) $207,262 (2.2%) 0.00 124
2019-05-01 $169,200 (-6.1%) $206,570 (-3.3%) 0.00 120
2019-06-01 $165,000 (-16.2%) $201,521 (-9.8%) 0.00 124
2019-07-01 $154,250 (-22.5%) $193,301 (-11.7%) 0.00 125
2019-08-01 $161,545 (-12.9%) $199,192 (-3.1%) 0.00 120
2019-09-01 $164,614 (-5.9%) $203,560 (2.0%) 0.00 119
2019-10-01 $166,659 (0.5%) $206,472 (4.4%) 0.00 119
2019-11-01 $154,900 (-6.8%) $198,647 (-3.9%) 0.00 128
2019-12-01 $154,925 (-11.4%) $198,645 (-6.7%) 0.00 124
2020-01-01 $145,000 (-8.2%) $192,254 (-5.1%) 0.00 119
2020-02-01 $147,500 (-11.9%) $196,450 (-9.6%) 0.00 121
2020-03-01 $152,750 (-9.0%) $201,213 (-5.6%) 0.00 122
2020-04-01 $165,625 (2.1%) $203,923 (-1.6%) 0.00 124
2020-05-01 $162,450 (-4.0%) $210,458 (1.9%) 0.00 121
2020-06-01 $161,750 (-2.0%) $206,470 (2.5%) 0.00 120
2020-07-01 $155,950 (1.1%) $198,265 (2.6%) 0.00 111
2020-08-01 $155,950 (-3.5%) $202,075 (1.5%) 0.00 92
2020-09-01 $158,675 (-3.6%) $199,520 (-2.0%) 0.00 91
2020-10-01 $155,000 (-7.0%) $192,070 (-7.0%) 0.00 73
2020-11-01 $148,150 (-4.4%) $186,975 (-5.9%) 0.00 70
2020-12-01 $136,950 (-11.6%) $183,165 (-7.8%) 0.00 61
2021-01-01 $124,750 (-14.0%) $174,883 (-9.0%) 0.00 58
2021-02-01 $109,975 (-25.4%) $151,626 (-22.8%) 0.00 51
2021-03-01 $110,000 (-28.0%) $150,809 (-25.1%) 0.00 43
2021-04-01 $119,900 (-27.6%) $162,680 (-20.2%) 0.00 48
2021-05-01 $144,900 (-10.8%) $185,431 (-11.9%) 0.00 48
2021-06-01 $154,975 (-4.2%) $193,223 (-6.4%) 0.00 54
2021-07-01 $153,900 (-1.3%) $188,851 (-4.8%) 0.00 56
2021-08-01 $149,900 (-3.9%) $219,087 (8.4%) 0.00 59
2021-09-01 $149,900 (-5.5%) $222,352 (11.4%) 0.00 68
2021-10-01 $147,000 (-5.2%) $218,663 (13.9%) 0.00 63
2021-11-01 $153,700 (3.8%) $225,598 (20.7%) 0.00 58
2021-12-01 $149,900 (9.5%) $218,836 (19.5%) 0.00 60
2022-01-01 $139,900 (12.1%) $181,532 (3.8%) 0.00 56
2022-02-01 $135,950 (23.6%) $182,582 (20.4%) 0.00 49
2022-03-01 $147,000 (33.6%) $200,804 (33.2%) 0.00 52
2022-04-01 $170,000 (41.8%) $207,624 (27.6%) 0.00 72
2022-05-01 $173,875 (20.0%) $241,654 (30.3%) 0.00 69
2022-06-01 $203,000 (31.0%) $259,073 (34.1%) 0.00 74
2022-07-01 $185,000 (20.2%) $235,476 (24.7%) 0.00 83
2022-08-01 $197,625 (31.8%) $249,036 (13.7%) 0.00 95
2022-09-01 $196,250 (30.9%) $246,186 (10.7%) 0.00 91
2022-10-01 $186,250 (26.7%) $238,139 (8.9%) 0.00 88
2022-11-01 $193,900 (26.2%) $236,782 (5.0%) 0.00 93
2022-12-01 $199,900 (33.4%) $240,767 (10.0%) 0.00 81
2023-01-01 $215,375 (54.0%) $240,147 (32.3%) 0.00 71
2023-02-01 $199,925 (47.1%) $222,731 (22.0%) 0.00 63
2023-03-01 $182,425 (24.1%) $236,017 (17.5%) 0.00 52
2023-04-01 $182,500 (7.4%) $239,606 (15.4%) 0.00 63
2023-05-01 $212,150 (22.0%) $252,176 (4.4%) 0.00 50
2023-06-01 $227,500 (12.1%) $253,988 (-2.0%) 0.00 67
2023-07-01 $225,000 (21.6%) $241,995 (2.8%) 0.00 68
2023-08-01 $220,925 (11.8%) $245,380 (-1.5%) 0.00 74
2023-09-01 $225,000 (14.7%) $255,508 (3.8%) 0.00 83
2023-10-01 $207,000 (11.1%) $246,304 (3.4%) 0.00 87
2023-11-01 $219,450 (13.2%) $254,671 (7.6%) 0.00 87
2023-12-01 $219,900 (10.0%) $252,251 (4.8%) 0.00 84
2024-01-01 $219,950 (2.1%) $251,281 (4.6%) 0.00 71
2024-02-01 $211,225 (5.7%) $244,892 (10.0%) 0.00 71
2024-03-01 $225,000 (23.3%) $252,349 (6.9%) 0.00 71
2024-04-01 $236,150 (29.4%) $263,436 (10.0%) 0.00 86
2024-05-01 $247,450 (16.6%) $274,234 (8.8%) 0.00 80
2024-06-01 $230,000 (1.1%) $255,226 (0.5%) 0.00 83
2024-07-01 $242,475 (7.8%) $270,887 (11.9%) 0.00 87
2024-08-01 $249,950 (13.1%) $277,152 (13.0%) 0.00 91
2024-09-01 $224,500 (-0.2%) $244,711 (-4.2%) 0.00 97
Muscatine's median listing price for 2024-09-01 was $224,500, a difference of $-500 (-0.2%) versus the prior year and $-25,450 versus the prior month.

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

Muscatine's average listing price for 2024-09-01 was $244,711, a difference of $-10,797 (-4.2%) versus the prior year and $-32,441 versus the prior month.

For the 2024-09-01 period, Muscatine had 97 MLS listings, a difference of 6 listings (7%) versus the prior month and 14 listings (17%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Muscatine (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,546 sqft
2018-02-01 0 days 1,586 sqft
2018-03-01 0 days 1,502 sqft
2018-04-01 0 days 1,617 sqft
2018-05-01 0 days 1,640 sqft
2018-06-01 0 days 1,680 sqft
2018-07-01 0 days 1,686 sqft
2018-08-01 0 days 1,636 sqft
2018-09-01 0 days 1,577 sqft
2018-10-01 0 days 1,548 sqft
2018-11-01 0 days 1,552 sqft
2018-12-01 0 days 1,560 sqft
2019-01-01 0 days 1,513 sqft
2019-02-01 0 days 1,494 sqft
2019-03-01 0 days 1,490 sqft
2019-04-01 0 days 1,469 sqft
2019-05-01 0 days 1,523 sqft
2019-06-01 0 days 1,525 sqft
2019-07-01 0 days 1,536 sqft
2019-08-01 0 days 1,568 sqft
2019-09-01 0 days 1,583 sqft
2019-10-01 0 days 1,593 sqft
2019-11-01 0 days 1,501 sqft
2019-12-01 0 days 1,536 sqft
2020-01-01 0 days 1,533 sqft
2020-02-01 0 days 1,574 sqft
2020-03-01 0 days 1,613 sqft
2020-04-01 0 days 1,632 sqft
2020-05-01 0 days 1,654 sqft
2020-06-01 0 days 1,609 sqft
2020-07-01 0 days 1,572 sqft
2020-08-01 0 days 1,617 sqft
2020-09-01 0 days 1,637 sqft
2020-10-01 0 days 1,626 sqft
2020-11-01 0 days 1,643 sqft
2020-12-01 0 days 1,569 sqft
2021-01-01 0 days 1,464 sqft
2021-02-01 0 days 1,411 sqft
2021-03-01 0 days 1,348 sqft
2021-04-01 0 days 1,268 sqft
2021-05-01 0 days 1,442 sqft
2021-06-01 0 days 1,607 sqft
2021-07-01 0 days 1,476 sqft
2021-08-01 0 days 1,619 sqft
2021-09-01 0 days 1,645 sqft
2021-10-01 0 days 1,640 sqft
2021-11-01 0 days 1,582 sqft
2021-12-01 0 days 1,487 sqft
2022-01-01 0 days 1,446 sqft
2022-02-01 0 days 1,457 sqft
2022-03-01 0 days 1,566 sqft
2022-04-01 0 days 1,611 sqft
2022-05-01 0 days 1,622 sqft
2022-06-01 0 days 1,761 sqft
2022-07-01 0 days 1,757 sqft
2022-08-01 0 days 1,771 sqft
2022-09-01 0 days 1,798 sqft
2022-10-01 0 days 1,798 sqft
2022-11-01 0 days 1,800 sqft
2022-12-01 0 days 1,800 sqft
2023-01-01 0 days 1,760 sqft
2023-02-01 0 days 1,712 sqft
2023-03-01 0 days 1,740 sqft
2023-04-01 0 days 1,688 sqft
2023-05-01 0 days 1,735 sqft
2023-06-01 0 days 1,809 sqft
2023-07-01 0 days 1,858 sqft
2023-08-01 0 days 1,934 sqft
2023-09-01 0 days 1,903 sqft
2023-10-01 0 days 1,785 sqft
2023-11-01 0 days 1,739 sqft
2023-12-01 0 days 1,796 sqft
2024-01-01 0 days 1,872 sqft
2024-02-01 0 days 1,778 sqft
2024-03-01 0 days 1,954 sqft
2024-04-01 0 days 1,892 sqft
2024-05-01 0 days 2,119 sqft
2024-06-01 0 days 1,897 sqft
2024-07-01 0 days 1,968 sqft
2024-08-01 0 days 1,945 sqft
2024-09-01 0 days 1,807 sqft
Muscatine's median listing age (time on market) for 2024-09-01 was 0 days.

Muscatine's median square footage for active listings during the 2024-09-01 period was 1,807 sqft. One year prior, the average listing was 1,903 sqft.

Muscatine, IA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 422 $74,130,000 $175,664
Refi 104 $12,220,000 $117,500
Other 101 $5,935,000 $58,762
Home Improvement 84 $4,850,000 $57,738
Cash Out Refi 65 $9,165,000 $141,000

Muscatine's most frequently cited loan purpose was Home Purchase, with 422 originations. The 2nd most popular reason was Refi, with 104 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 300 $46,930,000 $156,433
7-8% 178 $21,400,000 $120,225
5-6% 138 $21,230,000 $153,841
Over 8% 120 $7,600,000 $63,333
4-5% 11 $4,405,000 $400,455
3-4% 4 $430,000 $107,500
2.5-3% 1 $25,000 $25,000
<2.5% 1 $5,000 $5,000

During 2023, Muscatine's most frequently originated rate bucket was 6-7%, with 300 originations.

Loan Sizing (Muscatine, IA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 363 $17,205,000 $47,397
$100k-200k 246 $36,030,000 $146,463
$200k-400k 148 $39,820,000 $269,054
$400k-600k 13 $5,915,000 $455,000
$600k-1000k 3 $2,165,000 $721,667
$Over $1MM 3 $5,165,000 $1,721,667

Muscatine's loan sizing saw the bucket of loans from $100,000 or less with 363 originations, totaling $17,205,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 267 $52,935,000 $198,258
60-80% 146 $26,120,000 $178,904
Under 20% 141 $4,295,000 $30,461
20-40% 122 $7,700,000 $63,115
40-60% 69 $9,235,000 $133,841
Over 100% 5 $1,165,000 $233,000

Muscatine's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 267 originations, totaling $52,935,000 in origination value.