Muscatine Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Muscatine averaged 6.88% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.56% and one month ago for the week of 2024-03-14, the average rate was 6.42%.

    Muscatine's average rate one year ago was 6.15%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.4%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Muscatine 30 Year Fixed Rate 2024-04-18 6.88%
    Muscatine 30 Year Fixed Rate Refi 2024-04-18 7.4%
    Muscatine 15 Year Fixed Rate 2024-04-18 6.29%
    Muscatine 15 Year Fixed Rate Refi 2024-04-18 6.39%
    Muscatine 30 Year FHA 2024-04-18 6.84%
    Muscatine 30 Year FHA Refi 2024-04-18 7.06%
    Muscatine 30 Year USDA 2024-04-18 6.76%
    Muscatine 30 Year USDA Refi 2024-04-18 7.06%
    Muscatine 30 Year VA 2024-04-18 6.56%
    Muscatine 30 Year VA Refi 2024-04-18 6.86%
    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
    Muscatine's median listing price for 2024-03-01 was $225,000, a difference of $42,575 (23.3%) versus the prior year and $13,775 versus the prior month.

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

    Muscatine's average listing price for 2024-03-01 was $252,349, a difference of $16,332 (6.9%) versus the prior year and $7,457 versus the prior month.

    For the 2024-03-01 period, Muscatine had 71 MLS listings, a difference of 0 listings (0%) versus the prior month and 19 listings (37%) 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
    Muscatine's median listing age (time on market) for 2024-03-01 was 0 days.

    Muscatine's median square footage for active listings during the 2024-03-01 period was 1,954 sqft. One year prior, the average listing was 1,740 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.