New Castle Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in New Castle averaged
6.98%
for the week of 2025-04-10, compared to the national average of
6.62% for the same period.
The average rate for the prior week (2025-04-03) was
6.8% and
one month ago for the week of 2025-03-06, the
average rate was 6.69%.
New Castle's average rate one year ago was 7.28%.
For refis of the same type during the week of 2025-04-10, the average rate
was 6.82%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-10 | 6.62% |
| New Castle 30 Year Fixed Rate | 2025-04-10 | 6.98% |
| New Castle 30 Year Fixed Rate Refi | 2025-04-10 | 6.82% |
| New Castle 15 Year Fixed Rate | 2025-04-10 | 6.02% |
| New Castle 15 Year Fixed Rate Refi | 2025-04-10 | 6.12% |
| New Castle 30 Year FHA | 2025-04-10 | 6.68% |
| New Castle 30 Year FHA Refi | 2025-04-10 | 6.53% |
| New Castle 30 Year USDA | 2025-04-10 | 6.25% |
| New Castle 30 Year USDA Refi | 2025-04-10 | 6.65% |
| New Castle 30 Year VA | 2025-04-10 | 6.09% |
| New Castle 30 Year VA Refi | 2025-04-10 | 6.49% |
New Castle 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 New Castle, IN 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.).
New Castle Average Closing Costs & Other Stats
New Castle, IN's 74 lenders originated 1,115
loans during 2024. The total origination value was $159,585,000, with an average loan value of
$143,126.
New Castle's average closing costs are $4,116.
The top New Castle lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
72 loans originated. Their average total fees are
$2,206, which is $498
lower than the next largest lender,
First Merchants Bank.
The lowest fee New Castle lenders (with over 10 loans originated) are
Citizens State Bank of New Castle ($2,025), RUOFF MORTGAGE COMPANY, INC. ($2,206), First Merchants Bank ($2,705), NEWREZ LLC ($3,686) and UNION HOME MORTGAGE CORP. ($4,251).
The lowest rate New Castle lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.76%), First Merchants Bank (6.85%), QUICKEN LOANS, LLC (6.87%), UNION HOME MORTGAGE CORP. (6.91%) and GVC MORTGAGE, INC. (6.92%).
New Castle, IN 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 |
|---|---|---|---|---|
| First Merchants Bank | $15,985,000 | $17,020,000 | 6.5% | 10.7% |
| RUOFF MORTGAGE COMPANY, INC. | $12,815,000 | $14,815,000 | 15.6% | 9.3% |
| QUICKEN LOANS, LLC | $8,260,000 | $10,975,000 | 32.9% | 6.9% |
| Mortgage Research Center, LLC | $3,460,000 | $7,455,000 | 115.5% | 4.7% |
| NEWREZ LLC | $4,935,000 | $7,135,000 | 44.6% | 4.5% |
| UNION HOME MORTGAGE CORP. | $4,025,000 | $5,990,000 | 48.8% | 3.8% |
| GVC MORTGAGE, INC. | $3,175,000 | $5,820,000 | 83.3% | 3.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,340,000 | $4,600,000 | 243.3% | 2.9% |
| STAR Financial Bank | $5,255,000 | $3,920,000 | -25.4% | 2.5% |
| Citizens State Bank of New Castle | $3,705,000 | $3,520,000 | -5.0% | 2.2% |
| CALCON MUTUAL MORTGAGE LLC | $2,960,000 | n/a | 1.9% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,825,000 | $2,885,000 | 58.1% | 1.8% |
| FREEDOM MORTGAGE CORPORATION | $1,180,000 | $2,720,000 | 130.5% | 1.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,145,000 | $2,690,000 | 25.4% | 1.7% |
| MJW Financial LLC | $1,315,000 | $2,535,000 | 92.8% | 1.6% |
| First Financial Bank | $490,000 | $2,410,000 | 391.8% | 1.5% |
| The Farmers & Merchants State Bank | $850,000 | $1,955,000 | 130.0% | 1.2% |
| Greenville National Bank | $870,000 | $1,915,000 | 120.1% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $325,000 | $1,860,000 | 472.3% | 1.2% |
| TEACHERS CREDIT UNION | $590,000 | $1,805,000 | 205.9% | 1.1% |
| FORUM Credit Union | $2,595,000 | $1,680,000 | -35.3% | 1.1% |
| The Huntington National Bank | $1,470,000 | $1,620,000 | 10.2% | 1.0% |
| Farm Credit Mid-America, ACA | $2,225,000 | $1,360,000 | -38.9% | 0.9% |
| GUILD MORTGAGE COMPANY | $1,250,000 | n/a | 0.8% | |
| JPMorgan Chase Bank | $770,000 | $1,215,000 | 57.8% | 0.8% |
| INDIANA MEMBERS CREDIT UNION | $910,000 | $1,200,000 | 31.9% | 0.8% |
| PLAZA HOME MORTGAGE, INC. | $215,000 | $1,195,000 | 455.8% | 0.7% |
| GENEVA FINANCIAL, LLC | $105,000 | $1,080,000 | 928.6% | 0.7% |
| LOANDEPOT.COM, LLC | $565,000 | $1,040,000 | 84.1% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,370,000 | $1,010,000 | -26.3% | 0.6% |
| MYCUMORTGAGE, LLC | $160,000 | $965,000 | 503.1% | 0.6% |
| American Mortgage Bank, LLC | $955,000 | n/a | 0.6% | |
| BROKER SOLUTIONS, INC. | $845,000 | $910,000 | 7.7% | 0.6% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $360,000 | $895,000 | 148.6% | 0.6% |
| Bath State Bank | $1,195,000 | $870,000 | -27.2% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $790,000 | $855,000 | 8.2% | 0.5% |
| PNC Bank | $1,020,000 | $805,000 | -21.1% | 0.5% |
| Fifth Third Bank | $955,000 | $800,000 | -16.2% | 0.5% |
| Prosperity Home Mortgage, LLC | $800,000 | n/a | 0.5% | |
| VILLAGE CAPITAL MORTGAGE | $135,000 | $800,000 | 492.6% | 0.5% |
| CMG MORTGAGE, INC. | $145,000 | $795,000 | 448.3% | 0.5% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $445,000 | $750,000 | 68.5% | 0.5% |
| STOCKTON MORTGAGE CORPORATION | $750,000 | n/a | 0.5% | |
| Centier Bank | $430,000 | $710,000 | 65.1% | 0.4% |
| CRANE | $710,000 | n/a | 0.4% | |
| First Bank of Berne | $680,000 | n/a | 0.4% | |
| First Option Mortgage, LLC | $840,000 | $655,000 | -22.0% | 0.4% |
| Carrington Mortgage Services, LLC | $1,295,000 | $640,000 | -50.6% | 0.4% |
| DAS Acquisition Company, LLC | $190,000 | $635,000 | 234.2% | 0.4% |
| Wells Fargo Bank | $650,000 | $590,000 | -9.2% | 0.4% |
| U.S. Bank | $315,000 | $575,000 | 82.5% | 0.4% |
| AMERICAN FINANCIAL NETWORK, INC. | $570,000 | n/a | 0.4% | |
| Northwest Bank | $340,000 | $570,000 | 67.6% | 0.4% |
| ROYAL UNITED MORTGAGE LLC | $625,000 | $570,000 | -8.8% | 0.4% |
| MEMBER FIRST MORTGAGE, LLC | $565,000 | n/a | 0.4% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $195,000 | $560,000 | 187.2% | 0.4% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $125,000 | $510,000 | 308.0% | 0.3% |
| Plains Commerce Bank | $145,000 | $510,000 | 251.7% | 0.3% |
| USAA Federal Savings Bank | $500,000 | n/a | 0.3% | |
| Centra Credit Union | $285,000 | $495,000 | 73.7% | 0.3% |
| ZILLOW HOME LOANS, LLC | $495,000 | n/a | 0.3% | |
| DIRECT MORTGAGE LOANS, LLC | $245,000 | $480,000 | 95.9% | 0.3% |
| Horizon Bank | $25,000 | $470,000 | 1,780.0% | 0.3% |
| Northpointe Bank | $460,000 | n/a | 0.3% | |
| GUARANTEED RATE, INC. | $265,000 | $455,000 | 71.7% | 0.3% |
| Goldwater Bank, N.A. | $450,000 | n/a | 0.3% | |
| LENDINGHOME FUNDING CORPORATION | $440,000 | n/a | 0.3% | |
| PLANET HOME LENDING, LLC | $305,000 | $435,000 | 42.6% | 0.3% |
| Three Rivers Federal Credit Union | $530,000 | $435,000 | -17.9% | 0.3% |
| TOWNE MORTGAGE COMPANY | $435,000 | n/a | 0.3% | |
| The Park National Bank | $425,000 | n/a | 0.3% | |
| Loan Simple, Inc. | $405,000 | n/a | 0.3% | |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $400,000 | n/a | 0.3% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $390,000 | $400,000 | 2.6% | 0.3% |
| CITIZENS EQUITY FIRST | $395,000 | n/a | 0.2% | |
| The Federal Savings Bank | $395,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $225,000 | $365,000 | 62.2% | 0.2% |
| The Friendship State Bank | $365,000 | n/a | 0.2% | |
| DOMINION FINANCIAL SERVICES, LLC | $350,000 | n/a | 0.2% | |
| First National Bank of America | $350,000 | n/a | 0.2% | |
| JLB CORPORATION | $125,000 | $350,000 | 180.0% | 0.2% |
| First Bank | $340,000 | n/a | 0.2% | |
| Merchants Bank of Indiana | $330,000 | n/a | 0.2% | |
| Regions Bank | $430,000 | $320,000 | -25.6% | 0.2% |
| Bank of America | $315,000 | n/a | 0.2% | |
| CARDINAL FINANCIAL | $315,000 | n/a | 0.2% | |
| FINANCIAL CENTER FIRST CREDIT UNION | $70,000 | $315,000 | 350.0% | 0.2% |
| NEW DAY FINANCIAL, LLC | $205,000 | $315,000 | 53.7% | 0.2% |
| ENDEAVOR CAPITAL, LLC. | $615,000 | $280,000 | -54.5% | 0.2% |
| Gateway First Bank | $600,000 | $280,000 | -53.3% | 0.2% |
| Old National Bank | $930,000 | $270,000 | -71.0% | 0.2% |
| First Bank Richmond | $625,000 | $265,000 | -57.6% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $405,000 | $250,000 | -38.3% | 0.2% |
| Greenfield Banking Company | $1,245,000 | $245,000 | -80.3% | 0.2% |
| MILEND, INC. | $245,000 | n/a | 0.2% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $245,000 | n/a | 0.2% | |
| The State Bank and Trust Company | $245,000 | n/a | 0.2% | |
| First Mid Bank & Trust | $235,000 | n/a | 0.1% | |
| LEADERONE FINANCIAL CORPORATION | $235,000 | n/a | 0.1% | |
| HALLMARK HOME MORTGAGE, LLC | $230,000 | n/a | 0.1% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $225,000 | n/a | 0.1% | |
| LOANPAL, LLC | $255,000 | $225,000 | -11.8% | 0.1% |
| ON Q FINANCIAL, INC. | $225,000 | n/a | 0.1% | |
| Alliance Bank | $215,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $215,000 | n/a | 0.1% | |
| Elements Financial Federal Credit Union | $735,000 | $205,000 | -72.1% | 0.1% |
| 21ST MORTGAGE CORPORATION | $25,000 | $195,000 | 680.0% | 0.1% |
| NAVY FEDERAL CREDIT UNION | $750,000 | $185,000 | -75.3% | 0.1% |
| FORT FINANCIAL Federal Credit Union | $180,000 | $180,000 | 0.0% | 0.1% |
| Union Savings Bank | $885,000 | $180,000 | -79.7% | 0.1% |
| OPEN MORTGAGE, LLC | $1,450,000 | $175,000 | -87.9% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $165,000 | n/a | 0.1% | |
| Figure Lending LLC | $160,000 | $145,000 | -9.4% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $190,000 | $145,000 | -23.7% | 0.1% |
| Equity Prime Mortgage LLC | $140,000 | n/a | 0.1% | |
| Bankers' Bank | $135,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $160,000 | $130,000 | -18.8% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $130,000 | n/a | 0.1% | |
| 1ST SIGNATURE LENDING, LLC | $125,000 | n/a | 0.1% | |
| Civista Bank | $125,000 | n/a | 0.1% | |
| Jackson County Bank | $105,000 | $125,000 | 19.0% | 0.1% |
| Regional Federal Credit Union | $125,000 | n/a | 0.1% | |
| Discover Bank | $235,000 | $120,000 | -48.9% | 0.1% |
| Thrive FCU | $210,000 | $110,000 | -47.6% | 0.1% |
| AMERICAN FINANCING CORPORATION | $105,000 | n/a | 0.1% | |
| INDIANA UNIVERSITY CREDIT UNION | $95,000 | $105,000 | 10.5% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $105,000 | n/a | 0.1% | |
| SOUTHWEST FUNDING, LP | $105,000 | n/a | 0.1% | |
| FIRST COMMUNITY MORTGAGE, INC. | $125,000 | $95,000 | -24.0% | 0.1% |
| Independent Federal Credit Union | $375,000 | $95,000 | -74.7% | 0.1% |
| LENDINGONE, LLC | $105,000 | $95,000 | -9.5% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $95,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $390,000 | $85,000 | -78.2% | 0.1% |
| GMFS LLC | $85,000 | n/a | 0.1% | |
| KeyBank | $205,000 | $85,000 | -58.5% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $95,000 | $85,000 | -10.5% | 0.1% |
| Union Savings And Loan Association | $745,000 | $85,000 | -88.6% | 0.1% |
| First Farmers Bank and Trust Company | $105,000 | $75,000 | -28.6% | 0.0% |
| Sandy Spring Bank | $75,000 | n/a | 0.0% | |
| BEACON CREDIT UNION | $65,000 | n/a | 0.0% | |
| INTERLINC MORTGAGE SERVICES, LLC | $45,000 | n/a | 0.0% | |
| PrimeTrust Financial Federal Credit Union | $200,000 | $25,000 | -87.5% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $305,000 | $25,000 | -91.8% | 0.0% |
New Castle's top lender by overall market share is First Merchants Bank, with 10.7% market share. In second place, with 9.3%, is RUOFF MORTGAGE COMPANY, INC., having originated $14,815,000 in loans. In third place, with 6.9%, is QUICKEN LOANS, LLC, having originated $10,975,000 in loans. In fourth place, with 4.7%, is Mortgage Research Center, LLC, having originated $7,455,000 in loans. In fifth place, with 4.5%, is NEWREZ LLC, having originated $7,135,000 in loans.
New Castle Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - New Castle (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 | $70,650 (1.0%) | $102,083 (0.5%) | 0.00 | 156 |
| 2018-02-01 | $76,150 (13.7%) | $100,343 (6.8%) | 0.00 | 156 |
| 2018-03-01 | $79,000 (13.8%) | $108,225 (12.2%) | 0.00 | 156 |
| 2018-04-01 | $72,925 (2.4%) | $115,215 (19.3%) | 0.00 | 133 |
| 2018-05-01 | $69,900 (-6.7%) | $111,794 (8.2%) | 0.00 | 141 |
| 2018-06-01 | $75,000 (-6.1%) | $138,432 (18.6%) | 0.00 | 155 |
| 2018-07-01 | $84,975 (-3.3%) | $130,427 (8.6%) | 0.00 | 176 |
| 2018-08-01 | $91,900 (0.8%) | $137,016 (10.2%) | 0.00 | 165 |
| 2018-09-01 | $94,633 (5.3%) | $137,177 (7.8%) | 0.00 | 171 |
| 2018-10-01 | $91,767 (10.4%) | $137,388 (13.1%) | 0.00 | 155 |
| 2018-11-01 | $78,342 (-4.7%) | $129,009 (7.2%) | 0.00 | 147 |
| 2018-12-01 | $74,900 (7.2%) | $117,149 (10.5%) | 0.00 | 140 |
| 2019-01-01 | $79,900 (13.1%) | $121,369 (18.9%) | 0.00 | 129 |
| 2019-02-01 | $83,200 (9.3%) | $116,825 (16.4%) | 0.00 | 133 |
| 2019-03-01 | $73,571 (-6.9%) | $109,341 (1.0%) | 0.00 | 132 |
| 2019-04-01 | $73,071 (0.2%) | $112,613 (-2.3%) | 0.00 | 130 |
| 2019-05-01 | $80,400 (15.0%) | $119,577 (7.0%) | 0.00 | 120 |
| 2019-06-01 | $77,900 (3.9%) | $115,126 (-16.8%) | 0.00 | 119 |
| 2019-07-01 | $69,900 (-17.7%) | $106,886 (-18.1%) | 0.00 | 123 |
| 2019-08-01 | $75,109 (-18.3%) | $110,817 (-19.1%) | 0.00 | 131 |
| 2019-09-01 | $82,923 (-12.4%) | $117,119 (-14.6%) | 0.00 | 141 |
| 2019-10-01 | $89,000 (-3.0%) | $122,928 (-10.5%) | 0.00 | 152 |
| 2019-11-01 | $89,000 (13.6%) | $125,946 (-2.4%) | 0.00 | 164 |
| 2019-12-01 | $89,225 (19.1%) | $126,367 (7.9%) | 0.00 | 150 |
| 2020-01-01 | $89,900 (12.5%) | $126,654 (4.4%) | 0.00 | 139 |
| 2020-02-01 | $79,990 (-3.9%) | $119,932 (2.7%) | 0.00 | 119 |
| 2020-03-01 | $85,000 (15.5%) | $128,391 (17.4%) | 0.00 | 101 |
| 2020-04-01 | $75,175 (2.9%) | $116,564 (3.5%) | 0.00 | 86 |
| 2020-05-01 | $79,745 (-0.8%) | $128,934 (7.8%) | 0.00 | 67 |
| 2020-06-01 | $93,600 (20.2%) | $131,312 (14.1%) | 0.00 | 55 |
| 2020-07-01 | $98,800 (41.3%) | $151,046 (41.3%) | 0.00 | 62 |
| 2020-08-01 | $79,990 (6.5%) | $141,502 (27.7%) | 0.00 | 54 |
| 2020-09-01 | $107,175 (29.3%) | $134,947 (15.2%) | 0.00 | 57 |
| 2020-10-01 | $85,000 (-4.5%) | $125,129 (1.8%) | 0.00 | 79 |
| 2020-11-01 | $89,400 (0.5%) | $120,902 (-4.0%) | 0.00 | 75 |
| 2020-12-01 | $87,150 (-2.3%) | $114,108 (-9.7%) | 0.00 | 73 |
| 2021-01-01 | $79,000 (-12.1%) | $115,692 (-8.7%) | 0.00 | 73 |
| 2021-02-01 | $82,175 (2.7%) | $117,137 (-2.3%) | 0.00 | 63 |
| 2021-03-01 | $212,470 (150.0%) | $188,787 (47.0%) | 0.00 | 68 |
| 2021-04-01 | $224,420 (198.5%) | $206,296 (77.0%) | 0.00 | 66 |
| 2021-05-01 | $239,990 (201.0%) | $226,376 (75.6%) | 0.00 | 59 |
| 2021-06-01 | $247,648 (164.6%) | $220,794 (68.1%) | 0.00 | 65 |
| 2021-07-01 | $248,990 (152.0%) | $226,958 (50.3%) | 0.00 | 70 |
| 2021-08-01 | $194,450 (143.1%) | $216,598 (53.1%) | 0.00 | 88 |
| 2021-09-01 | $205,000 (91.3%) | $227,684 (68.7%) | 0.00 | 90 |
| 2021-10-01 | $179,900 (111.7%) | $209,378 (67.3%) | 0.00 | 101 |
| 2021-11-01 | $173,723 (94.3%) | $202,331 (67.4%) | 0.00 | 97 |
| 2021-12-01 | $180,725 (107.4%) | $212,164 (85.9%) | 0.00 | 85 |
| 2022-01-01 | $154,950 (96.1%) | $205,699 (77.8%) | 0.00 | 73 |
| 2022-02-01 | $163,725 (99.2%) | $217,369 (85.6%) | 0.00 | 65 |
| 2022-03-01 | $209,725 (-1.3%) | $222,455 (17.8%) | 0.00 | 63 |
| 2022-04-01 | $220,000 (-2.0%) | $241,417 (17.0%) | 0.00 | 63 |
| 2022-05-01 | $301,500 (25.6%) | $254,786 (12.6%) | 0.00 | 64 |
| 2022-06-01 | $263,409 (6.4%) | $248,332 (12.5%) | 0.00 | 71 |
| 2022-07-01 | $250,000 (0.4%) | $241,716 (6.5%) | 0.00 | 78 |
| 2022-08-01 | $231,225 (18.9%) | $253,927 (17.2%) | 0.00 | 83 |
| 2022-09-01 | $248,700 (21.3%) | $254,906 (12.0%) | 0.00 | 90 |
| 2022-10-01 | $235,000 (30.6%) | $252,652 (20.7%) | 0.00 | 91 |
| 2022-11-01 | $217,400 (25.1%) | $247,231 (22.2%) | 0.00 | 84 |
| 2022-12-01 | $250,000 (38.3%) | $246,355 (16.1%) | 0.00 | 72 |
| 2023-01-01 | $236,725 (52.8%) | $723,315 (251.6%) | 0.00 | 68 |
| 2023-02-01 | $236,725 (44.6%) | $253,183 (16.5%) | 0.00 | 66 |
| 2023-03-01 | $239,675 (14.3%) | $258,082 (16.0%) | 0.00 | 70 |
| 2023-04-01 | $257,450 (17.0%) | $257,402 (6.6%) | 0.00 | 59 |
| 2023-05-01 | $293,650 (-2.6%) | $276,840 (8.7%) | 0.00 | 67 |
| 2023-06-01 | $290,999 (10.5%) | $264,462 (6.5%) | 0.00 | 64 |
| 2023-07-01 | $264,000 (5.6%) | $254,487 (5.3%) | 0.00 | 68 |
| 2023-08-01 | $224,675 (-2.8%) | $248,708 (-2.1%) | 0.00 | 85 |
| 2023-09-01 | $248,450 (-0.1%) | $247,327 (-3.0%) | 0.00 | 91 |
| 2023-10-01 | $242,475 (3.2%) | $248,928 (-1.5%) | 0.00 | 89 |
| 2023-11-01 | $260,975 (20.0%) | $259,803 (5.1%) | 0.00 | 99 |
| 2023-12-01 | $249,900 (0.0%) | $266,781 (8.3%) | 0.00 | 107 |
| 2024-01-01 | $259,900 (9.8%) | $276,170 (-61.8%) | 0.00 | 99 |
| 2024-02-01 | $281,800 (19.0%) | $285,722 (12.9%) | 0.00 | 97 |
| 2024-03-01 | $296,846 (23.9%) | $290,269 (12.5%) | 0.00 | 84 |
| 2024-04-01 | $305,873 (18.8%) | $301,938 (17.3%) | 0.00 | 74 |
| 2024-05-01 | $309,158 (5.3%) | $303,428 (9.6%) | 0.00 | 69 |
| 2024-06-01 | $289,900 (-0.4%) | $295,045 (11.6%) | 0.00 | 78 |
| 2024-07-01 | $262,025 (-0.8%) | $286,371 (12.5%) | 0.00 | 87 |
| 2024-08-01 | $239,900 (6.8%) | $279,483 (12.4%) | 0.00 | 106 |
| 2024-09-01 | $232,450 (-6.4%) | $278,583 (12.6%) | 0.00 | 110 |
| 2024-10-01 | $229,900 (-5.2%) | $267,017 (7.3%) | 0.00 | 118 |
| 2024-11-01 | $197,900 (-24.2%) | $237,599 (-8.6%) | 0.00 | 118 |
| 2024-12-01 | $207,000 (-17.2%) | $240,177 (-10.0%) | 0.00 | 104 |
| 2025-01-01 | $193,700 (-25.5%) | $232,776 (-15.7%) | 0.00 | 84 |
| 2025-02-01 | $199,400 (-29.2%) | $233,621 (-18.2%) | 0.00 | 82 |
| 2025-03-01 | $199,999 (-32.6%) | $228,024 (-21.4%) | 0.00 | 76 |
New Castle's median listing price comes in at 0% of the national average.
New Castle's average listing price for 2025-03-01 was $228,024, a difference of $-62,245 (-21.4%) versus the prior year and $-5,597 versus the prior month.
For the 2025-03-01 period, New Castle had 76 MLS listings, a difference of -6 listings (-7%) versus the prior month and -8 listings (-10%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - New Castle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,820 sqft |
| 2018-02-01 | 0 days | 1,755 sqft |
| 2018-03-01 | 0 days | 1,757 sqft |
| 2018-04-01 | 0 days | 1,723 sqft |
| 2018-05-01 | 0 days | 1,754 sqft |
| 2018-06-01 | 0 days | 1,824 sqft |
| 2018-07-01 | 0 days | 1,898 sqft |
| 2018-08-01 | 0 days | 1,923 sqft |
| 2018-09-01 | 0 days | 1,970 sqft |
| 2018-10-01 | 0 days | 1,900 sqft |
| 2018-11-01 | 0 days | 1,873 sqft |
| 2018-12-01 | 0 days | 1,866 sqft |
| 2019-01-01 | 0 days | 1,802 sqft |
| 2019-02-01 | 0 days | 1,730 sqft |
| 2019-03-01 | 0 days | 1,668 sqft |
| 2019-04-01 | 0 days | 1,648 sqft |
| 2019-05-01 | 0 days | 1,617 sqft |
| 2019-06-01 | 0 days | 1,659 sqft |
| 2019-07-01 | 0 days | 1,561 sqft |
| 2019-08-01 | 0 days | 1,638 sqft |
| 2019-09-01 | 0 days | 1,614 sqft |
| 2019-10-01 | 0 days | 1,604 sqft |
| 2019-11-01 | 0 days | 1,648 sqft |
| 2019-12-01 | 0 days | 1,643 sqft |
| 2020-01-01 | 0 days | 1,625 sqft |
| 2020-02-01 | 0 days | 1,652 sqft |
| 2020-03-01 | 0 days | 1,655 sqft |
| 2020-04-01 | 0 days | 1,674 sqft |
| 2020-05-01 | 0 days | 1,810 sqft |
| 2020-06-01 | 0 days | 1,920 sqft |
| 2020-07-01 | 0 days | 2,046 sqft |
| 2020-08-01 | 0 days | 1,987 sqft |
| 2020-09-01 | 0 days | 1,979 sqft |
| 2020-10-01 | 0 days | 1,632 sqft |
| 2020-11-01 | 0 days | 1,607 sqft |
| 2020-12-01 | 0 days | 1,603 sqft |
| 2021-01-01 | 0 days | 1,582 sqft |
| 2021-02-01 | 0 days | 1,594 sqft |
| 2021-03-01 | 0 days | 1,752 sqft |
| 2021-04-01 | 0 days | 1,761 sqft |
| 2021-05-01 | 0 days | 1,761 sqft |
| 2021-06-01 | 0 days | 1,775 sqft |
| 2021-07-01 | 0 days | 1,842 sqft |
| 2021-08-01 | 0 days | 1,973 sqft |
| 2021-09-01 | 0 days | 1,830 sqft |
| 2021-10-01 | 0 days | 1,812 sqft |
| 2021-11-01 | 0 days | 1,774 sqft |
| 2021-12-01 | 0 days | 1,775 sqft |
| 2022-01-01 | 0 days | 1,775 sqft |
| 2022-02-01 | 0 days | 1,775 sqft |
| 2022-03-01 | 0 days | 1,815 sqft |
| 2022-04-01 | 0 days | 1,775 sqft |
| 2022-05-01 | 0 days | 2,051 sqft |
| 2022-06-01 | 0 days | 1,906 sqft |
| 2022-07-01 | 0 days | 1,944 sqft |
| 2022-08-01 | 0 days | 1,790 sqft |
| 2022-09-01 | 0 days | 1,838 sqft |
| 2022-10-01 | 0 days | 1,809 sqft |
| 2022-11-01 | 0 days | 1,775 sqft |
| 2022-12-01 | 0 days | 1,896 sqft |
| 2023-01-01 | 0 days | 1,775 sqft |
| 2023-02-01 | 0 days | 1,785 sqft |
| 2023-03-01 | 0 days | 1,876 sqft |
| 2023-04-01 | 0 days | 1,775 sqft |
| 2023-05-01 | 0 days | 1,860 sqft |
| 2023-06-01 | 0 days | 1,856 sqft |
| 2023-07-01 | 0 days | 1,775 sqft |
| 2023-08-01 | 0 days | 1,775 sqft |
| 2023-09-01 | 0 days | 1,792 sqft |
| 2023-10-01 | 0 days | 1,812 sqft |
| 2023-11-01 | 0 days | 1,862 sqft |
| 2023-12-01 | 0 days | 1,880 sqft |
| 2024-01-01 | 0 days | 1,935 sqft |
| 2024-02-01 | 0 days | 2,074 sqft |
| 2024-03-01 | 0 days | 2,100 sqft |
| 2024-04-01 | 0 days | 2,120 sqft |
| 2024-05-01 | 0 days | 2,131 sqft |
| 2024-06-01 | 0 days | 2,158 sqft |
| 2024-07-01 | 0 days | 1,936 sqft |
| 2024-08-01 | 0 days | 1,850 sqft |
| 2024-09-01 | 0 days | 1,858 sqft |
| 2024-10-01 | 0 days | 1,884 sqft |
| 2024-11-01 | 0 days | 1,794 sqft |
| 2024-12-01 | 0 days | 1,747 sqft |
| 2025-01-01 | 0 days | 1,744 sqft |
| 2025-02-01 | 0 days | 1,747 sqft |
| 2025-03-01 | 0 days | 1,775 sqft |
New Castle's median square footage for active listings during the 2025-03-01 period was 1,775 sqft. One year prior, the average listing was 2,100 sqft.
New Castle, IN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 581 | $99,765,000 | $171,713 |
| Cash Out Refi | 189 | $23,485,000 | $124,259 |
| Refi | 142 | $20,640,000 | $145,352 |
| Other | 109 | $9,355,000 | $85,826 |
| Home Improvement | 94 | $6,340,000 | $67,447 |
New Castle's most frequently cited loan purpose was Home Purchase, with 581 originations. The 2nd most popular reason was Cash Out Refi, with 189 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 525 | $86,175,000 | $164,143 |
| 7-8% | 261 | $38,585,000 | $147,835 |
| Over 8% | 205 | $15,755,000 | $76,854 |
| 5-6% | 71 | $13,305,000 | $187,394 |
| <2.5% | 18 | $90,000 | $5,000 |
| 4-5% | 5 | $1,025,000 | $205,000 |
| 3-4% | 5 | $495,000 | $99,000 |
During 2024, New Castle's most frequently originated rate bucket was 6-7%, with 525 originations.
Loan Sizing (New Castle, IN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 438 | $25,820,000 | $58,950 |
| $100k-200k | 435 | $62,725,000 | $144,195 |
| $200k-400k | 212 | $55,220,000 | $260,472 |
| $400k-600k | 24 | $11,010,000 | $458,750 |
| $600k-1000k | 4 | $2,740,000 | $685,000 |
| $Over $1MM | 2 | $2,070,000 | $1,035,000 |
New Castle's loan sizing saw the bucket of loans from $100,000 or less with 438 originations, totaling $25,820,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 462 | $83,680,000 | $181,126 |
| 60-80% | 227 | $36,855,000 | $162,357 |
| 20-40% | 151 | $11,485,000 | $76,060 |
| Under 20% | 117 | $3,945,000 | $33,718 |
| 40-60% | 112 | $13,630,000 | $121,696 |
| Over 100% | 11 | $2,155,000 | $195,909 |
New Castle's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 462 originations, totaling $83,680,000 in origination value.