New Castle Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in New Castle averaged 7.17% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

    The average rate for the prior week (2023-09-07) was 7.41% and one month ago for the week of 2023-08-10, the average rate was 7.15%.

    New Castle's average rate one year ago was 5.98%.

    For refis of the same type during the week of 2023-09-14, the average rate was 7.78%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-14 7.18%
    New Castle 30 Year Fixed Rate 2023-09-14 7.17%
    New Castle 30 Year Fixed Rate Refi 2023-09-14 7.78%
    New Castle 15 Year Fixed Rate 2023-09-14 6.61%
    New Castle 15 Year Fixed Rate Refi 2023-09-14 6.61%
    New Castle 30 Year FHA 2023-09-14 7.17%
    New Castle 30 Year FHA Refi 2023-09-14 6.89%
    New Castle 30 Year USDA 2023-09-14 6.72%
    New Castle 30 Year USDA Refi 2023-09-14 6.88%
    New Castle 30 Year VA 2023-09-14 6.91%
    New Castle 30 Year VA Refi 2023-09-14 6.61%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within New Castle, IN.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    AMERIFIRST FINANCIAL CORPORATION 46 5.49% $4,037
    GVC MORTGAGE, INC. 34 5.79% $4,524
    CALIBER HOME LOANS, INC. 31 5.25% $3,740
    QUICKEN LOANS, LLC 28 5.19% $5,799
    First Merchants Bank 27 5.02% $2,721
    RUOFF MORTGAGE COMPANY, INC. 19 6.31% $1,924
    STAR Financial Bank 13 5.43% $3,421
    First Financial Bank 10 5.15% $3,620
    MYCUMORTGAGE, LLC 10 4.91% $3,030
    CROSSCOUNTRY MORTGAGE, LLC 9 5.12% $5,258
    The Huntington National Bank 9 4.60% $2,112
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 5.70% $3,138
    MJW Financial LLC 8 5.40% $2,837
    FORUM Credit Union 7 4.52% $2,905
    JPMorgan Chase Bank 7 5.16% $3,015
    UNITED WHOLESALE MORTGAGE, LLC 6 6.01% $2,316
    Fifth Third Bank 5 4.96% $3,239
    Mr. Cooper ( Nationstar Mortgage ) 5 5.32% $6,169
    First Bank Richmond 5 4.38% $3,373
    Regions Bank 4 5.44% $2,891
    M&T Bank 4 4.81% $4,571
    Citizens Bank 4 3.78% $2,488
    MID AMERICA MORTGAGE, INC. 4 4.28% $3,173
    LOANDEPOT.COM, LLC 4 5.16% $6,075
    INDIANA MEMBERS CREDIT UNION 4 4.72% $2,419
    Farm Credit Mid-America, ACA 3 6.05% $7,440
    Mortgage Research Center, LLC 3 5.33% $2,045
    First Internet Bank of Indiana 3 4.79% $4,018
    AMERISAVE MORTGAGE CORPORATION 3 4.21% $5,087
    FORT FINANCIAL Federal Credit Union 3 5.08% $2,602
    ROYAL UNITED MORTGAGE LLC 3 5.29% $5,976
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.50% $3,938
    BROKER SOLUTIONS, INC. 2 5.56% $6,925
    Flagstar Bank, FSB 2 4.88% $2,741
    GUARANTEED RATE, INC. 2 4.31% $4,294
    HOME POINT FINANCIAL CORPORATION 2 5.88% $3,553
    JLB CORPORATION 2 6.13% $4,828
    KeyBank 2 4.06% $2,448
    MORTGAGE MASTERS OF INDIANA, INC. 2 5.06% $3,589
    NEWREZ LLC 2 5.06% $4,027
    OPEN MORTGAGE, LLC 2 4.68% $4,859
    PENNYMAC LOAN SERVICES, LLC 2 3.94% $3,112
    TEACHERS CREDIT UNION 2 5.63% $1,832
    Union Savings Bank 2 4.00% $1,442
    Wolfe Financial, Inc 2 5.94% $5,351
    EVANSVILLE TEACHERS 1 2.75% $2,051
    Third Federal Savings and Loan Association of Cleveland 1 3.89% $3,156
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 5.63% $2,971
    Three Rivers Federal Credit Union 1 5.88% $3,490
    EQUITY RESOURCES, INC. 1 3.13% $4,851
    Madison County Federal Credit Union 1 3.13% $2,352
    Elements Financial Federal Credit Union 1 3.75% $2,605
    MILESTONE HOME LENDING, LLC 1 4.63% $2,548
    COMMONWEALTH 1 4.13% $1,747
    TUCKER MORTGAGE, LLC 1 4.25% $2,708
    Civista Bank 1 3.25% $2,041
    CHERRY CREEK MORTGAGE, LLC 1 5.25% $625
    Century Mortgage Company DBA Century Lending Company 1 3.50% $6,160
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $4,042
    CARDINAL FINANCIAL 1 4.88% $4,310
    NAVY FEDERAL CREDIT UNION 1 5.13% $2,080
    ZILLOW HOME LOANS, LLC 1 5.63% $3,415
    Ally Bank 1 4.63% $1,396
    U.S. Bank 1 4.99% $4,862
    PHH Mortgage Corporation 1 3.88% $5,189
    PLAZA HOME MORTGAGE, INC. 1 7.50% $13,151
    PNC Bank 1 5.75% $3,031
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.88% $5,510
    Advisors Mortgage Group, L.L.C. 1 5.25% $2,502
    PrimeTrust Financial Federal Credit Union 1 4.13% $1,571
    BMO Harris Bank 1 4.88% $2,280
    Baxter Credit Union 1 5.50% $2,815
    Bank of America 1 5.38% $5,656
    Axos Bank 1 3.88% $2,368
    SECURITYNATIONAL MORTGAGE COMPANY 1 4.00% $3,639
    Sierra Pacific Mortgage Company, Inc. 1 6.63% $3,872
    Solidarity Community Federal Credit Union 1 5.13% $3,280
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.50% $3,241
    Stifel Bank and Trust 1 3.00% $1,621
    First Financial Bank 1 5.63% $1,940
    Wells Fargo Bank 1 5.63% $4,791
    First Federal Bank of the Midwest 1 3.63% $6,148
    First Farmers Bank and Trust Company 1 6.63% $3,855
    FREEDOM MORTGAGE CORPORATION 1 5.99% $6,653
    Greenfield Banking Company 1 5.88% $1,874
    The Farmers & Merchants State Bank 1 4.29% $2,102
    FINANCE OF AMERICA MORTGAGE LLC 1 5.38% $4,953
    HALLMARK HOME MORTGAGE, LLC 1 5.75% $3,479
    AMERICAN MORTGAGE SERVICE COMPANY 1 6.50% $4,364
    HOMESIDE FINANCIAL, LLC 1 5.50% $7,204
    HOMESTEAD FUNDING CORP. 1 5.75% $3,708

    New Castle Average Closing Costs & Other Stats

    New Castle, IN's 91 lenders originated 1,204 loans during 2022. The total origination value was $166,160,000, with an average loan value of $138,007.

    New Castle's average closing costs are $3,855.

    The top New Castle lender as defined by loan originations is AMERIFIRST FINANCIAL CORPORATION, with 46 loans originated. Their average total fees are $4,037, which is $487 lower than the next largest lender, GVC MORTGAGE, INC..

    The lowest fee New Castle lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($1,924), First Merchants Bank ($2,721), MYCUMORTGAGE, LLC ($3,030), STAR Financial Bank ($3,421) and First Financial Bank ($3,620).

    The lowest rate New Castle lenders (with over 10 loans originated) are MYCUMORTGAGE, LLC (4.91%), First Merchants Bank (5.02%), First Financial Bank (5.15%), QUICKEN LOANS, LLC (5.19%) and CALIBER HOME LOANS, INC. (5.25%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    First Merchants Bank $20,845,000 $17,115,000 -17.9% 10.3%
    AMERIFIRST FINANCIAL CORPORATION $24,955,000 $12,855,000 -48.5% 7.7%
    CALIBER HOME LOANS, INC. $24,140,000 $11,425,000 -52.7% 6.9%
    QUICKEN LOANS, LLC $16,040,000 $11,135,000 -30.6% 6.7%
    GVC MORTGAGE, INC. $11,685,000 $9,895,000 -15.3% 6.0%
    Citizens State Bank of New Castle $7,745,000 $7,435,000 -4.0% 4.5%
    RUOFF MORTGAGE COMPANY, INC. $5,280,000 $6,745,000 27.7% 4.1%
    Mortgage Research Center, LLC $2,065,000 $4,940,000 139.2% 3.0%
    STAR Financial Bank $7,130,000 $4,385,000 -38.5% 2.6%
    First Financial Bank $135,000 $4,370,000 3,137.0% 2.6%
    Merchants Bank of Indiana $235,000 $4,230,000 1,700.0% 2.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,215,000 $3,595,000 11.8% 2.2%
    CROSSCOUNTRY MORTGAGE, LLC $970,000 $3,470,000 257.7% 2.1%
    FORUM Credit Union $1,770,000 $2,775,000 56.8% 1.7%
    UNITED WHOLESALE MORTGAGE, LLC $3,910,000 $2,105,000 -46.2% 1.3%
    FREEDOM MORTGAGE CORPORATION $7,775,000 $2,080,000 -73.2% 1.3%
    Fifth Third Bank $1,100,000 $1,690,000 53.6% 1.0%
    JPMorgan Chase Bank $1,810,000 $1,680,000 -7.2% 1.0%
    First Federal Bank of the Midwest $1,735,000 $1,650,000 -4.9% 1.0%
    Mr. Cooper ( Nationstar Mortgage ) $2,675,000 $1,650,000 -38.3% 1.0%
    MYCUMORTGAGE, LLC $1,465,000 $1,625,000 10.9% 1.0%
    LOANDEPOT.COM, LLC $4,440,000 $1,605,000 -63.9% 1.0%
    MJW Financial LLC $730,000 $1,585,000 117.1% 1.0%
    The Huntington National Bank $1,110,000 $1,350,000 21.6% 0.8%
    Farm Credit Mid-America, ACA $2,190,000 $1,290,000 -41.1% 0.8%
    AMERISAVE MORTGAGE CORPORATION $2,550,000 $1,150,000 -54.9% 0.7%
    MID AMERICA MORTGAGE, INC. $4,200,000 $1,135,000 -73.0% 0.7%
    PNC Bank $1,005,000 $1,035,000 3.0% 0.6%
    NAVY FEDERAL CREDIT UNION $1,205,000 $1,015,000 -15.8% 0.6%
    BROKER SOLUTIONS, INC. $710,000 $985,000 38.7% 0.6%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $700,000 $935,000 33.6% 0.6%
    GUARANTEED RATE, INC. $1,080,000 $925,000 -14.4% 0.6%
    Wells Fargo Bank $1,575,000 $885,000 -43.8% 0.5%
    HALLMARK HOME MORTGAGE, LLC $1,540,000 $815,000 -47.1% 0.5%
    Regions Bank $570,000 $790,000 38.6% 0.5%
    JLB CORPORATION $1,055,000 $765,000 -27.5% 0.5%
    NEW DAY FINANCIAL, LLC $1,360,000 $765,000 -43.8% 0.5%
    M&T Bank $85,000 $760,000 794.1% 0.5%
    First Internet Bank of Indiana $590,000 $725,000 22.9% 0.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $835,000 $720,000 -13.8% 0.4%
    Greenville National Bank $2,590,000 $710,000 -72.6% 0.4%
    INDIANA MEMBERS CREDIT UNION $1,100,000 $690,000 -37.3% 0.4%
    First Bank Richmond $1,115,000 $660,000 -40.8% 0.4%
    PENNYMAC LOAN SERVICES, LLC $1,560,000 $650,000 -58.3% 0.4%
    NEWREZ LLC $1,465,000 $645,000 -56.0% 0.4%
    The Farmers & Merchants State Bank $375,000 $645,000 72.0% 0.4%
    FINANCIAL CENTER FIRST CREDIT UNION $340,000 $625,000 83.8% 0.4%
    KeyBank $255,000 $610,000 139.2% 0.4%
    Elements Financial Federal Credit Union $775,000 $605,000 -21.9% 0.4%
    1ST SIGNATURE LENDING, LLC $1,005,000 $600,000 -40.3% 0.4%
    Three Rivers Federal Credit Union $730,000 $585,000 -19.9% 0.4%
    Union Savings Bank $1,490,000 $585,000 -60.7% 0.4%
    ZILLOW HOME LOANS, LLC $300,000 $585,000 95.0% 0.4%
    OPEN MORTGAGE, LLC $1,580,000 $580,000 -63.3% 0.3%
    Carrington Mortgage Services, LLC $1,110,000 $560,000 -49.5% 0.3%
    Wolfe Financial, Inc $135,000 $550,000 307.4% 0.3%
    Citizens Bank $3,355,000 $525,000 -84.4% 0.3%
    U.S. Bank $450,000 $495,000 10.0% 0.3%
    Old National Bank $1,135,000 $485,000 -57.3% 0.3%
    FORT FINANCIAL Federal Credit Union $135,000 $475,000 251.9% 0.3%
    PLAZA HOME MORTGAGE, INC. $355,000 $465,000 31.0% 0.3%
    Flagstar Bank, FSB $1,085,000 $445,000 -59.0% 0.3%
    The Home Loan Expert LLC $610,000 $440,000 -27.9% 0.3%
    AMERICAN MORTGAGE SERVICE COMPANY $1,165,000 $415,000 -64.4% 0.2%
    Third Federal Savings and Loan Association of Cleveland $410,000 n/a 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $395,000 n/a 0.2%
    CHERRY CREEK MORTGAGE, LLC $95,000 $395,000 315.8% 0.2%
    TEACHERS CREDIT UNION $355,000 $390,000 9.9% 0.2%
    ROYAL UNITED MORTGAGE LLC $1,040,000 $385,000 -63.0% 0.2%
    MORTGAGE MASTERS OF INDIANA, INC. $165,000 $370,000 124.2% 0.2%
    BMO Harris Bank $65,000 $365,000 461.5% 0.2%
    USAA Federal Savings Bank $855,000 $365,000 -57.3% 0.2%
    Figure Lending LLC $195,000 $355,000 82.1% 0.2%
    Union Savings And Loan Association $350,000 n/a 0.2%
    DAS Acquisition Company, LLC $345,000 n/a 0.2%
    SECURITYNATIONAL MORTGAGE COMPANY $85,000 $345,000 305.9% 0.2%
    Sierra Pacific Mortgage Company, Inc. $290,000 $340,000 17.2% 0.2%
    Horizon Bank $360,000 $320,000 -11.1% 0.2%
    LOANPAL, LLC $315,000 n/a 0.2%
    Baxter Credit Union $85,000 $295,000 247.1% 0.2%
    First Farmers Bank and Trust Company $285,000 n/a 0.2%
    TUCKER MORTGAGE, LLC $370,000 $280,000 -24.3% 0.2%
    MILESTONE HOME LENDING, LLC $220,000 $275,000 25.0% 0.2%
    The Federal Savings Bank $665,000 $265,000 -60.2% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $700,000 $260,000 -62.9% 0.2%
    MOVEMENT MORTGAGE, LLC $350,000 $260,000 -25.7% 0.2%
    Nations Lending Corporation $1,270,000 $260,000 -79.5% 0.2%
    Solidarity Community Federal Credit Union $255,000 n/a 0.2%
    HOMESTEAD FUNDING CORP. $245,000 n/a 0.1%
    OCEANSIDE MORTGAGE COMPANY $245,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $235,000 n/a 0.1%
    Stifel Bank and Trust $235,000 n/a 0.1%
    Bank of America $480,000 $225,000 -53.1% 0.1%
    Ally Bank $250,000 $220,000 -12.0% 0.1%
    EVERETT FINANCIAL, INC. $65,000 $215,000 230.8% 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $175,000 $215,000 22.9% 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $575,000 $210,000 -63.5% 0.1%
    HOME POINT FINANCIAL CORPORATION $630,000 $205,000 -67.5% 0.1%
    Loan Simple, Inc. $205,000 n/a 0.1%
    Bath State Bank $350,000 $200,000 -42.9% 0.1%
    Northwest Bank $565,000 $200,000 -64.6% 0.1%
    PrimeTrust Financial Federal Credit Union $45,000 $200,000 344.4% 0.1%
    CHURCHILL MORTGAGE CORPORATION $420,000 $195,000 -53.6% 0.1%
    EQUITY RESOURCES, INC. $145,000 $195,000 34.5% 0.1%
    WINTERWOOD MORTGAGE GROUP, LLC $195,000 n/a 0.1%
    Axos Bank $185,000 n/a 0.1%
    FLAT BRANCH MORTGAGE, INC. $185,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $185,000 n/a 0.1%
    Prosperity Home Mortgage, LLC $175,000 n/a 0.1%
    EVANSVILLE TEACHERS $165,000 n/a 0.1%
    Equity Prime Mortgage LLC $65,000 $160,000 146.2% 0.1%
    First Savings Bank $155,000 n/a 0.1%
    PHH Mortgage Corporation $300,000 $155,000 -48.3% 0.1%
    ACADEMY MORTGAGE CORPORATION $115,000 $145,000 26.1% 0.1%
    HOMESIDE FINANCIAL, LLC $230,000 $145,000 -37.0% 0.1%
    Municipal Trust and Savings Bank $145,000 n/a 0.1%
    POLARIS HOME FUNDING CORP. $280,000 $145,000 -48.2% 0.1%
    SPRING EQ, LLC $25,000 $145,000 480.0% 0.1%
    21ST MORTGAGE CORPORATION $115,000 $125,000 8.7% 0.1%
    Century Mortgage Company DBA Century Lending Company $125,000 n/a 0.1%
    COMMONWEALTH $125,000 n/a 0.1%
    Bankers' Bank $555,000 $120,000 -78.4% 0.1%
    Madison County Federal Credit Union $170,000 $110,000 -35.3% 0.1%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $220,000 $105,000 -52.3% 0.1%
    OCMBC, INC. $105,000 n/a 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $250,000 $105,000 -58.0% 0.1%
    REVERSE MORTGAGE FUNDING LLC $105,000 n/a 0.1%
    THRIVE MORTGAGE, LLC $105,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $95,000 $105,000 10.5% 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $95,000 n/a 0.1%
    First Option Mortgage, LLC $225,000 $95,000 -57.8% 0.1%
    SOUTHWEST FUNDING, LP $185,000 $85,000 -54.1% 0.1%
    The Farmers Bank, Frankfort, Indiana $85,000 n/a 0.1%
    Greenfield Banking Company $1,005,000 $75,000 -92.5% 0.0%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $870,000 $65,000 -92.5% 0.0%
    CANOPY MORTGAGE, LLC $65,000 n/a 0.0%
    The National Bank of Indianapolis $65,000 n/a 0.0%
    Advisors Mortgage Group, L.L.C. $185,000 $55,000 -70.3% 0.0%
    AMERICAN ADVISORS GROUP $15,000 $55,000 266.7% 0.0%
    First Financial Bank $135,000 $55,000 -59.3% 0.0%
    Civista Bank $45,000 n/a 0.0%
    N R L Federal Credit Union $25,000 n/a 0.0%
    Home Loan Investment Bank, F.S.B. $15,000 n/a 0.0%

    New Castle's top lender by overall market share is First Merchants Bank, with 10.3% market share. In second place, with 7.7%, is AMERIFIRST FINANCIAL CORPORATION, having originated $12,855,000 in loans. In third place, with 6.9%, is CALIBER HOME LOANS, INC., having originated $11,425,000 in loans. In fourth place, with 6.7%, is QUICKEN LOANS, LLC, having originated $11,135,000 in loans. In fifth place, with 6.0%, is GVC MORTGAGE, INC., having originated $9,895,000 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 $75,900 (13.3%) $100,207 (6.6%) 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%) $137,448 (17.8%) 0.00 154
    2018-07-01 $84,975 (-3.3%) $130,427 (8.6%) 0.00 176
    2018-08-01 $91,900 (0.8%) $136,438 (9.8%) 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 (9.6%) $116,825 (16.6%) 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 (-16.2%) 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 (-18.8%) 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 $89,900 (14.8%) $125,805 (-2.5%) 0.00 164
    2019-12-01 $89,450 (19.4%) $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 (-0.6%) $120,902 (-3.9%) 0.00 75
    2020-12-01 $87,150 (-2.6%) $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 $160,000 (102.5%) $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 (48.0%) $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 $291,974 (10.8%) $264,487 (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
    New Castle's median listing price for 2023-08-01 was $224,675, a difference of $-6,550 (-2.8%) versus the prior year and $-39,325 versus the prior month.

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

    New Castle's average listing price for 2023-08-01 was $248,708, a difference of $-5,219 (-2.1%) versus the prior year and $-5,779 versus the prior month.

    For the 2023-08-01 period, New Castle had 85 MLS listings, a difference of 17 listings (25%) versus the prior month and 2 listings (2%) 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 1,817 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 1,823 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 1,627 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 2,088 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 1,817 sqft
    2021-11-01 0 days 1,783 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
    New Castle's median listing age (time on market) for 2023-08-01 was 0 days.

    New Castle's median square footage for active listings during the 2023-08-01 period was 1,775 sqft. One year prior, the average listing was 1,790 sqft.

    New Castle, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 619 $103,665,000 $167,472
    Cash Out Refi 245 $30,295,000 $123,653
    Refi 152 $18,070,000 $118,882
    Home Improvement 96 $6,720,000 $70,000
    Other 91 $7,335,000 $80,604
    NA 1 $75,000 $75,000

    New Castle's most frequently cited loan purpose was Home Purchase, with 619 originations. The 2nd most popular reason was Cash Out Refi, with 245 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 287 $44,345,000 $154,512
    4-5% 234 $33,850,000 $144,658
    3-4% 209 $33,085,000 $158,301
    6-7% 178 $22,850,000 $128,371
    <2.5% 103 $8,695,000 $84,417
    7-8% 63 $8,375,000 $132,937
    2.5-3% 45 $5,255,000 $116,778
    Over 8% 15 $665,000 $44,333

    During 2022, New Castle's most frequently originated rate bucket was 5-6%, with 287 originations.

    Loan Sizing (New Castle, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 508 $32,000,000 $62,992
    $100k-200k 479 $67,315,000 $140,532
    $200k-400k 194 $52,070,000 $268,402
    $400k-600k 18 $8,170,000 $453,889
    $600k-1000k 4 $2,780,000 $695,000
    $Over $1MM 1 $3,825,000 $3,825,000

    New Castle's loan sizing saw the bucket of loans from $100,000 or less with 508 originations, totaling $32,000,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 515 $88,975,000 $172,767
    60-80% 274 $38,900,000 $141,971
    20-40% 126 $8,550,000 $67,857
    40-60% 118 $13,890,000 $117,712
    Under 20% 87 $3,495,000 $40,172
    Over 100% 13 $2,815,000 $216,538

    New Castle's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 515 originations, totaling $88,975,000 in origination value.