Muscatine Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Muscatine averaged
6.71%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.64% and
one month ago for the week of 2025-05-15, the
average rate was 6.81%.
Muscatine's average rate one year ago was 6.65%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.81%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Muscatine 30 Year Fixed Rate | 2025-06-18 | 6.71% |
| Muscatine 30 Year Fixed Rate Refi | 2025-06-18 | 6.81% |
| Muscatine 15 Year Fixed Rate | 2025-06-18 | 5.76% |
| Muscatine 15 Year Fixed Rate Refi | 2025-06-18 | 6.16% |
| Muscatine 30 Year FHA | 2025-06-18 | 0.1% |
| Muscatine 30 Year FHA Refi | 2025-06-18 | 0% |
| Muscatine 30 Year USDA | 2025-06-18 | -0.1% |
| Muscatine 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Muscatine 30 Year VA | 2025-06-18 | 0.1% |
| Muscatine 30 Year VA Refi | 2025-06-18 | -0.2% |
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.).
Muscatine Average Closing Costs & Other Stats
Muscatine, IA's 43 lenders originated 831
loans during 2024. The total origination value was $115,525,000, with an average loan value of
$139,019.
Muscatine's average closing costs are $3,595.
The top Muscatine lender as defined by loan originations is RUHL MORTGAGE, LLC, with
43 loans originated. Their average total fees are
$2,128, which is $665
lower than the next largest lender,
CBI Bank & Trust.
The lowest fee Muscatine lenders (with over 10 loans originated) are
GREENSTATE CREDIT UNION ($2,042), RUHL MORTGAGE, LLC ($2,128), ASCENTRA ($2,344), IOWA BANKERS MORTGAGE CORPORATION ($2,355) and MidWestOne Bank ($2,531).
The lowest rate Muscatine lenders (with over 10 loans originated) are
IOWA BANKERS MORTGAGE CORPORATION (6.28%), GREENSTATE CREDIT UNION (6.34%), RUHL MORTGAGE, LLC (6.62%), MidWestOne Bank (6.65%) and ASCENTRA (6.71%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| CBI Bank & Trust | $15,405,000 | $13,985,000 | -9.2% | 12.1% |
| MidWestOne Bank | $18,360,000 | $13,010,000 | -29.1% | 11.3% |
| RUHL MORTGAGE, LLC | $7,830,000 | $11,420,000 | 45.8% | 9.9% |
| GREENSTATE CREDIT UNION | $10,520,000 | $11,275,000 | 7.2% | 9.8% |
| DuTrac Community Credit Union | $705,000 | $5,720,000 | 711.3% | 5.0% |
| QUICKEN LOANS, LLC | $4,690,000 | $5,635,000 | 20.1% | 4.9% |
| ASCENTRA | $5,040,000 | $5,485,000 | 8.8% | 4.7% |
| IOWA BANKERS MORTGAGE CORPORATION | $3,280,000 | $4,055,000 | 23.6% | 3.5% |
| Cedar Rapids Bank and Trust Company | $125,000 | $3,835,000 | 2,968.0% | 3.3% |
| BROKER SOLUTIONS, INC. | $3,195,000 | $2,845,000 | -11.0% | 2.5% |
| THE FAMILY CREDIT UNION | $770,000 | $2,590,000 | 236.4% | 2.2% |
| RESIDENTIAL MORTGAGE NETWORK, INC. | $1,525,000 | $2,395,000 | 57.0% | 2.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $885,000 | $2,205,000 | 149.2% | 1.9% |
| Hills Bank and Trust Company | $2,530,000 | $2,145,000 | -15.2% | 1.9% |
| U.S. Bank | $2,485,000 | $2,005,000 | -19.3% | 1.7% |
| PENNYMAC LOAN SERVICES, LLC | $175,000 | $1,595,000 | 811.4% | 1.4% |
| VERIDIAN CREDIT UNION | $970,000 | $1,540,000 | 58.8% | 1.3% |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $115,000 | $1,315,000 | 1,043.5% | 1.1% |
| PLANET HOME LENDING, LLC | $1,180,000 | n/a | 1.0% | |
| LOANDEPOT.COM, LLC | $1,165,000 | n/a | 1.0% | |
| Mortgage Research Center, LLC | $2,680,000 | $950,000 | -64.6% | 0.8% |
| Deere Employees Credit Union | $765,000 | $870,000 | 13.7% | 0.8% |
| Fidelity Bank & Trust | $810,000 | n/a | 0.7% | |
| Wells Fargo Bank | $1,005,000 | $755,000 | -24.9% | 0.7% |
| Blue Grass Savings Bank | $205,000 | $730,000 | 256.1% | 0.6% |
| R.I.A. Federal Credit Union | $790,000 | $725,000 | -8.2% | 0.6% |
| AXIA FINANCIAL, LLC | $705,000 | n/a | 0.6% | |
| NAVY FEDERAL CREDIT UNION | $360,000 | $685,000 | 90.3% | 0.6% |
| HOMESIDE FINANCIAL, LLC | $2,900,000 | $660,000 | -77.2% | 0.6% |
| Bridge Community Bank | $570,000 | n/a | 0.5% | |
| FREEDOM MORTGAGE CORPORATION | $295,000 | $540,000 | 83.1% | 0.5% |
| COMPEER FINANCIAL, FLCA | $425,000 | n/a | 0.4% | |
| FLAT BRANCH MORTGAGE, INC. | $415,000 | n/a | 0.4% | |
| Quad City Bank and Trust Company | $15,000 | $410,000 | 2,633.3% | 0.4% |
| 21ST MORTGAGE CORPORATION | $70,000 | $405,000 | 478.6% | 0.4% |
| Carrington Mortgage Services, LLC | $365,000 | $405,000 | 11.0% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $385,000 | n/a | 0.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $1,045,000 | $385,000 | -63.2% | 0.3% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $275,000 | $385,000 | 40.0% | 0.3% |
| Regions Bank | $360,000 | n/a | 0.3% | |
| SOUTHWEST FUNDING, LP | $345,000 | n/a | 0.3% | |
| CARDINAL FINANCIAL | $1,170,000 | $340,000 | -70.9% | 0.3% |
| GUILD MORTGAGE COMPANY | $345,000 | $315,000 | -8.7% | 0.3% |
| Flagstar Bank, FSB | $125,000 | $310,000 | 148.0% | 0.3% |
| Washington State Bank | $1,610,000 | $295,000 | -81.7% | 0.3% |
| ENDEAVOR CAPITAL, LLC. | $290,000 | n/a | 0.3% | |
| Flanagan State Bank | $750,000 | $290,000 | -61.3% | 0.3% |
| MID AMERICA MORTGAGE, INC. | $290,000 | n/a | 0.3% | |
| MARINE | $310,000 | $285,000 | -8.1% | 0.2% |
| Northpointe Bank | $275,000 | n/a | 0.2% | |
| USAA Federal Savings Bank | $225,000 | $255,000 | 13.3% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $245,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $95,000 | $210,000 | 121.1% | 0.2% |
| Servion, Inc. | $135,000 | $195,000 | 44.4% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $185,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $185,000 | n/a | 0.2% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $250,000 | $175,000 | -30.0% | 0.2% |
| Lincoln Savings Bank | $175,000 | n/a | 0.2% | |
| Old National Bank | $55,000 | $175,000 | 218.2% | 0.2% |
| LINN AREA | $170,000 | n/a | 0.1% | |
| NEWREZ LLC | $415,000 | $165,000 | -60.2% | 0.1% |
| NexBank | $165,000 | n/a | 0.1% | |
| American Bank and Trust Company | $155,000 | n/a | 0.1% | |
| First Central State Bank | $240,000 | $155,000 | -35.4% | 0.1% |
| OPEN MORTGAGE, LLC | $150,000 | $145,000 | -3.3% | 0.1% |
| Collins Community Credit Union | $1,235,000 | $135,000 | -89.1% | 0.1% |
| DUPACO COMMUNITY | $45,000 | $135,000 | 200.0% | 0.1% |
| Waterstone Mortgage Corporation | $135,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $125,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $125,000 | n/a | 0.1% | |
| JPMorgan Chase Bank | $65,000 | $115,000 | 76.9% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,810,000 | $115,000 | -93.6% | 0.1% |
| AMERICAN FINANCING CORPORATION | $255,000 | $105,000 | -58.8% | 0.1% |
| Citizens Bank | $105,000 | n/a | 0.1% | |
| Figure Lending LLC | $145,000 | $100,000 | -31.0% | 0.1% |
| Fairfax State Savings Bank | $95,000 | n/a | 0.1% | |
| Coastal Community Bank | $75,000 | $75,000 | 0.0% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $385,000 | $65,000 | -83.1% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $65,000 | n/a | 0.1% | |
| Fortress Bank | $205,000 | $45,000 | -78.0% | 0.0% |
Muscatine's top lender by overall market share is CBI Bank & Trust, with 12.1% market share. In second place, with 11.3%, is MidWestOne Bank, having originated $13,010,000 in loans. In third place, with 9.9%, is RUHL MORTGAGE, LLC, having originated $11,420,000 in loans. In fourth place, with 9.8%, is GREENSTATE CREDIT UNION, having originated $11,275,000 in loans. In fifth place, with 5.0%, is DuTrac Community Credit Union, having originated $5,720,000 in loans.
Muscatine, IA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 454 | $78,790,000 | $173,546 |
| Other | 117 | $6,745,000 | $57,650 |
| Refi | 110 | $15,350,000 | $139,545 |
| Home Improvement | 78 | $6,850,000 | $87,821 |
| Cash Out Refi | 72 | $7,790,000 | $108,194 |
Muscatine's most frequently cited loan purpose was Home Purchase, with 454 originations. The 2nd most popular reason was Other, with 117 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 362 | $56,640,000 | $156,464 |
| 7-8% | 185 | $23,005,000 | $124,351 |
| Over 8% | 162 | $9,550,000 | $58,951 |
| 5-6% | 86 | $18,350,000 | $213,372 |
| <2.5% | 6 | $30,000 | $5,000 |
| 4-5% | 4 | $870,000 | $217,500 |
| 3-4% | 2 | $170,000 | $85,000 |
During 2024, Muscatine's most frequently originated rate bucket was 6-7%, with 362 originations.
Loan Sizing (Muscatine, IA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 374 | $18,440,000 | $49,305 |
| $100k-200k | 286 | $41,600,000 | $145,455 |
| $200k-400k | 151 | $40,355,000 | $267,252 |
| $400k-600k | 13 | $5,915,000 | $455,000 |
| $Over $1MM | 4 | $6,960,000 | $1,740,000 |
| $600k-1000k | 3 | $2,255,000 | $751,667 |
Muscatine's loan sizing saw the bucket of loans from $100,000 or less with 374 originations, totaling $18,440,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 301 | $55,835,000 | $185,498 |
| Under 20% | 148 | $6,020,000 | $40,676 |
| 60-80% | 145 | $24,225,000 | $167,069 |
| 20-40% | 137 | $9,625,000 | $70,255 |
| 40-60% | 58 | $10,160,000 | $175,172 |
| Over 100% | 5 | $1,045,000 | $209,000 |
Muscatine's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 301 originations, totaling $55,835,000 in origination value.