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 6.88% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 7.07% and one month ago for the week of 2024-11-07, the average rate was 7.07%.

    New Castle's average rate one year ago was 7.51%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.9%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    New Castle 30 Year Fixed Rate 2024-12-12 6.88%
    New Castle 30 Year Fixed Rate Refi 2024-12-12 6.9%
    New Castle 15 Year Fixed Rate 2024-12-12 5.74%
    New Castle 15 Year Fixed Rate Refi 2024-12-12 6.24%
    New Castle 30 Year FHA 2024-12-12 6.55%
    New Castle 30 Year FHA Refi 2024-12-12 6.08%
    New Castle 30 Year USDA 2024-12-12 6.1%
    New Castle 30 Year USDA Refi 2024-12-12 6.4%
    New Castle 30 Year VA 2024-12-12 5.88%
    New Castle 30 Year VA Refi 2024-12-12 6.18%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 53 7.09% $2,714
    First Merchants Bank 29 6.95% $2,649
    QUICKEN LOANS, LLC 23 6.98% $5,350
    CALIBER HOME LOANS, INC. 16 7.07% $3,987
    NEWREZ LLC 14 7.33% $3,841
    Citizens State Bank of New Castle 13 7.38% $2,300
    UNION HOME MORTGAGE CORP. 11 7.26% $4,407
    GVC MORTGAGE, INC. 10 7.08% $4,937
    STAR Financial Bank 10 6.78% $2,768
    FORUM Credit Union 6 6.31% $5,165
    First Financial Bank 6 7.13% $3,311
    The Huntington National Bank 6 6.77% $4,192
    Farm Credit Mid-America, ACA 5 7.18% $6,127
    MJW Financial LLC 5 6.80% $3,655
    UNITED WHOLESALE MORTGAGE, LLC 5 7.67% $4,413
    JPMorgan Chase Bank 5 7.52% $1,477
    Elements Financial Federal Credit Union 4 6.66% $2,689
    CROSSCOUNTRY MORTGAGE, LLC 4 6.80% $4,423
    Fifth Third Bank 4 6.90% $2,865
    Greenfield Banking Company 3 6.20% $2,562
    Mr. Cooper ( Nationstar Mortgage ) 3 7.29% $7,884
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.00% $3,318
    BROKER SOLUTIONS, INC. 3 7.54% $5,655
    The Farmers & Merchants State Bank 3 6.48% $4,716
    TEACHERS CREDIT UNION 3 6.75% $2,196
    LOANDEPOT.COM, LLC 3 7.08% $4,301
    Wells Fargo Bank 3 6.58% $5,308
    Wolfe Financial, Inc 3 7.17% $3,480
    Carrington Mortgage Services, LLC 3 6.58% $5,920
    ROYAL UNITED MORTGAGE LLC 3 6.96% $5,715
    FREEDOM MORTGAGE CORPORATION 2 7.31% $8,058
    AMERISAVE MORTGAGE CORPORATION 2 6.99% $5,008
    Centra Credit Union 2 7.00% $2,481
    First Bank Richmond 2 6.69% $3,602
    First Option Mortgage, LLC 2 7.63% $4,314
    Gateway First Bank 2 7.13% $3,175
    Independent Federal Credit Union 2 6.69% $2,957
    INDIANA MEMBERS CREDIT UNION 2 6.38% $2,605
    MILESTONE HOME LENDING, LLC 2 7.88% $3,586
    MYCUMORTGAGE, LLC 2 7.69% $3,238
    OPEN MORTGAGE, LLC 2 7.56% $7,790
    Regions Bank 2 6.94% $2,478
    Three Rivers Federal Credit Union 2 7.44% $2,854
    Warsaw Federal Savings and Loan Association 2 6.66% $4,938
    PENNYMAC LOAN SERVICES, LLC 1 7.38% $9,810
    PLAZA HOME MORTGAGE, INC. 1 7.63% $7,270
    PNC Bank 1 7.13% $2,567
    PrimeTrust Financial Federal Credit Union 1 6.88% $1,882
    Heritage Bank 1 7.50% $4,517
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.99% $3,729
    GENEVA FINANCIAL, LLC 1 6.50% $4,146
    Ally Bank 1 6.75% $3,894
    Sierra Pacific Mortgage Company, Inc. 1 6.63% $3,875
    Flagstar Bank, FSB 1 7.50% $2,598
    STAR ONE CREDIT UNION 1 5.75% $2,045
    First Financial Bank 1 7.13% $3,278
    First Federal Savings and Loan Association of Lakewood 1 7.40% $2,763
    EVERETT FINANCIAL, INC. 1 7.63% $3,257
    Centier Bank 1 7.00% $2,998
    TUCKER MORTGAGE, LLC 1 6.88% $2,796
    CMG MORTGAGE, INC. 1 7.38% $3,530
    Union Savings Bank 1 6.63% $1,894
    MOVEMENT MORTGAGE, LLC 1 6.99% $5,517
    UNION SQUARE 1 6.88% $3,605
    NAVY FEDERAL CREDIT UNION 1 6.63% $1,926
    HOMESIDE FINANCIAL, LLC 1 7.99% $4,645
    CHURCHILL MORTGAGE CORPORATION 1 7.25% $6,930

    New Castle Average Closing Costs & Other Stats

    New Castle, IN's 67 lenders originated 936 loans during 2023. The total origination value was $134,060,000, with an average loan value of $143,226.

    New Castle's average closing costs are $3,999.

    The top New Castle lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 53 loans originated. Their average total fees are $2,714, which is $65 higher 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 ($2,300), First Merchants Bank ($2,649), RUOFF MORTGAGE COMPANY, INC. ($2,714), STAR Financial Bank ($2,768) and NEWREZ LLC ($3,841).

    The lowest rate New Castle lenders (with over 10 loans originated) are STAR Financial Bank (6.78%), First Merchants Bank (6.95%), QUICKEN LOANS, LLC (6.98%), CALIBER HOME LOANS, INC. (7.07%) and GVC MORTGAGE, INC. (7.08%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    First Merchants Bank $17,115,000 $15,985,000 -6.6% 11.9%
    RUOFF MORTGAGE COMPANY, INC. $6,745,000 $12,815,000 90.0% 9.6%
    QUICKEN LOANS, LLC $11,135,000 $8,260,000 -25.8% 6.2%
    CALIBER HOME LOANS, INC. $11,425,000 $6,055,000 -47.0% 4.5%
    STAR Financial Bank $4,385,000 $5,255,000 19.8% 3.9%
    NEWREZ LLC $645,000 $4,935,000 665.1% 3.7%
    First Bankers Trust Company $4,880,000 n/a 3.6%
    UNION HOME MORTGAGE CORP. $4,025,000 n/a 3.0%
    First Financial Bank $55,000 $3,735,000 6,690.9% 2.8%
    Citizens State Bank of New Castle $7,435,000 $3,705,000 -50.2% 2.8%
    Mortgage Research Center, LLC $4,940,000 $3,460,000 -30.0% 2.6%
    GVC MORTGAGE, INC. $9,895,000 $3,175,000 -67.9% 2.4%
    FORUM Credit Union $2,775,000 $2,595,000 -6.5% 1.9%
    Farm Credit Mid-America, ACA $1,290,000 $2,225,000 72.5% 1.7%
    CROSSCOUNTRY MORTGAGE, LLC $3,470,000 $2,145,000 -38.2% 1.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,595,000 $1,825,000 -49.2% 1.4%
    The Huntington National Bank $1,350,000 $1,470,000 8.9% 1.1%
    OPEN MORTGAGE, LLC $580,000 $1,450,000 150.0% 1.1%
    Mr. Cooper ( Nationstar Mortgage ) $1,650,000 $1,370,000 -17.0% 1.0%
    UNITED WHOLESALE MORTGAGE, LLC $2,105,000 $1,340,000 -36.3% 1.0%
    MJW Financial LLC $1,585,000 $1,315,000 -17.0% 1.0%
    Carrington Mortgage Services, LLC $560,000 $1,295,000 131.3% 1.0%
    Greenfield Banking Company $75,000 $1,245,000 1,560.0% 0.9%
    Bath State Bank $200,000 $1,195,000 497.5% 0.9%
    FREEDOM MORTGAGE CORPORATION $2,080,000 $1,180,000 -43.3% 0.9%
    PNC Bank $1,035,000 $1,020,000 -1.4% 0.8%
    Fifth Third Bank $1,690,000 $955,000 -43.5% 0.7%
    Old National Bank $485,000 $930,000 91.8% 0.7%
    INDIANA MEMBERS CREDIT UNION $690,000 $910,000 31.9% 0.7%
    Union Savings Bank $585,000 $885,000 51.3% 0.7%
    Greenville National Bank $710,000 $870,000 22.5% 0.6%
    The Farmers & Merchants State Bank $645,000 $850,000 31.8% 0.6%
    BROKER SOLUTIONS, INC. $985,000 $845,000 -14.2% 0.6%
    First Option Mortgage, LLC $95,000 $840,000 784.2% 0.6%
    AMERISAVE MORTGAGE CORPORATION $1,150,000 $790,000 -31.3% 0.6%
    JPMorgan Chase Bank $1,680,000 $770,000 -54.2% 0.6%
    NAVY FEDERAL CREDIT UNION $1,015,000 $750,000 -26.1% 0.6%
    Union Savings And Loan Association $350,000 $745,000 112.9% 0.6%
    Elements Financial Federal Credit Union $605,000 $735,000 21.5% 0.5%
    First Federal Savings and Loan Association of Lakewood $695,000 n/a 0.5%
    TUCKER MORTGAGE, LLC $280,000 $655,000 133.9% 0.5%
    Wells Fargo Bank $885,000 $650,000 -26.6% 0.5%
    First Bank Richmond $660,000 $625,000 -5.3% 0.5%
    ROYAL UNITED MORTGAGE LLC $385,000 $625,000 62.3% 0.5%
    ENDEAVOR CAPITAL, LLC. $615,000 n/a 0.5%
    Gateway First Bank $600,000 n/a 0.4%
    TEACHERS CREDIT UNION $390,000 $590,000 51.3% 0.4%
    LOANDEPOT.COM, LLC $1,605,000 $565,000 -64.8% 0.4%
    UNION SQUARE $545,000 n/a 0.4%
    Three Rivers Federal Credit Union $585,000 $530,000 -9.4% 0.4%
    Warsaw Federal Savings and Loan Association $500,000 n/a 0.4%
    V.I.P. MORTGAGE, INC. $495,000 n/a 0.4%
    Wolfe Financial, Inc $550,000 $495,000 -10.0% 0.4%
    First Financial Bank $55,000 $490,000 790.9% 0.4%
    Sierra Pacific Mortgage Company, Inc. $340,000 $455,000 33.8% 0.3%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $935,000 $445,000 -52.4% 0.3%
    Centier Bank $430,000 n/a 0.3%
    Regions Bank $790,000 $430,000 -45.6% 0.3%
    First Internet Bank of Indiana $725,000 $415,000 -42.8% 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $720,000 $405,000 -43.8% 0.3%
    NBKC BANK $395,000 n/a 0.3%
    Flagstar Bank, FSB $445,000 $390,000 -12.4% 0.3%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $390,000 n/a 0.3%
    Independent Federal Credit Union $375,000 n/a 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $185,000 $360,000 94.6% 0.3%
    Servion, Inc. $355,000 n/a 0.3%
    Northwest Bank $200,000 $340,000 70.0% 0.3%
    PENNYMAC LOAN SERVICES, LLC $650,000 $325,000 -50.0% 0.2%
    SPRING EQ, LLC $145,000 $320,000 120.7% 0.2%
    U.S. Bank $495,000 $315,000 -36.4% 0.2%
    PLANET HOME LENDING, LLC $305,000 n/a 0.2%
    TRIAD FINANCIAL SERVICES, INC. $305,000 n/a 0.2%
    WesBanco $300,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $195,000 $295,000 51.3% 0.2%
    Centra Credit Union $285,000 n/a 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $270,000 n/a 0.2%
    GUARANTEED RATE, INC. $925,000 $265,000 -71.4% 0.2%
    TOTAL MORTGAGE SERVICES, LLC $265,000 n/a 0.2%
    Nations Lending Corporation $260,000 $260,000 0.0% 0.2%
    LOANPAL, LLC $315,000 $255,000 -19.0% 0.2%
    DIRECT MORTGAGE LOANS, LLC $245,000 n/a 0.2%
    Discover Bank $235,000 n/a 0.2%
    M&T Bank $760,000 $230,000 -69.7% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $260,000 $225,000 -13.5% 0.2%
    MILESTONE HOME LENDING, LLC $275,000 $220,000 -20.0% 0.2%
    PLAZA HOME MORTGAGE, INC. $465,000 $215,000 -53.8% 0.2%
    Thrive FCU $210,000 n/a 0.2%
    THRIVE MORTGAGE, LLC $105,000 $210,000 100.0% 0.2%
    Heritage Bank $205,000 n/a 0.2%
    Ixonia Bank $205,000 n/a 0.2%
    KeyBank $610,000 $205,000 -66.4% 0.2%
    MOVEMENT MORTGAGE, LLC $260,000 $205,000 -21.2% 0.2%
    NEW DAY FINANCIAL, LLC $765,000 $205,000 -73.2% 0.2%
    PrimeTrust Financial Federal Credit Union $200,000 $200,000 0.0% 0.1%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $65,000 $195,000 200.0% 0.1%
    Citizens Bank $525,000 $195,000 -62.9% 0.1%
    DAS Acquisition Company, LLC $345,000 $190,000 -44.9% 0.1%
    MID AMERICA MORTGAGE, INC. $1,135,000 $190,000 -83.3% 0.1%
    FORT FINANCIAL Federal Credit Union $475,000 $180,000 -62.1% 0.1%
    Stock Yards Bank & Trust Company $175,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $145,000 $170,000 17.2% 0.1%
    EVERETT FINANCIAL, INC. $215,000 $160,000 -25.6% 0.1%
    Figure Lending LLC $355,000 $160,000 -54.9% 0.1%
    MYCUMORTGAGE, LLC $1,625,000 $160,000 -90.2% 0.1%
    CMG MORTGAGE, INC. $145,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $145,000 n/a 0.1%
    Plains Commerce Bank $145,000 n/a 0.1%
    T2 FINANCIAL LLC $145,000 n/a 0.1%
    First American Bank $135,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $135,000 n/a 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $125,000 n/a 0.1%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $105,000 $125,000 19.0% 0.1%
    JLB CORPORATION $765,000 $125,000 -83.7% 0.1%
    STAR ONE CREDIT UNION $125,000 n/a 0.1%
    AMWEST FUNDING CORP. $105,000 n/a 0.1%
    First Farmers Bank and Trust Company $285,000 $105,000 -63.2% 0.1%
    GENEVA FINANCIAL, LLC $105,000 n/a 0.1%
    Jackson County Bank $105,000 n/a 0.1%
    LENDINGONE, LLC $105,000 n/a 0.1%
    Ally Bank $220,000 $95,000 -56.8% 0.1%
    INDIANA UNIVERSITY CREDIT UNION $95,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $95,000 n/a 0.1%
    BMO Harris Bank $365,000 $85,000 -76.7% 0.1%
    The North Salem State Bank $85,000 n/a 0.1%
    FINANCIAL CENTER FIRST CREDIT UNION $625,000 $70,000 -88.8% 0.1%
    Secured Investment Corp. $65,000 n/a 0.0%
    21ST MORTGAGE CORPORATION $125,000 $25,000 -80.0% 0.0%
    First Federal Bank of the Midwest $1,650,000 $25,000 -98.5% 0.0%
    Horizon Bank $320,000 $25,000 -92.2% 0.0%
    Lake City Bank $15,000 n/a 0.0%

    New Castle's top lender by overall market share is First Merchants Bank, with 11.9% market share. In second place, with 9.6%, is RUOFF MORTGAGE COMPANY, INC., having originated $12,815,000 in loans. In third place, with 6.2%, is QUICKEN LOANS, LLC, having originated $8,260,000 in loans. In fourth place, with 4.5%, is CALIBER HOME LOANS, INC., having originated $6,055,000 in loans. In fifth place, with 3.9%, is STAR Financial Bank, having originated $5,255,000 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%) $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 (7.0%) 0.00 147
    2018-12-01 $74,900 (7.2%) $117,149 (10.0%) 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 (-16.2%) 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 $89,000 (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 $239,900 (-3.7%) $241,066 (6.2%) 0.00 78
    2022-08-01 $220,000 (13.1%) $247,444 (14.2%) 0.00 82
    2022-09-01 $243,675 (18.9%) $249,208 (9.5%) 0.00 89
    2022-10-01 $220,450 (22.5%) $246,148 (17.6%) 0.00 90
    2022-11-01 $213,700 (23.0%) $240,734 (19.0%) 0.00 83
    2022-12-01 $250,000 (38.3%) $241,811 (14.0%) 0.00 71
    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 $291,974 (10.8%) $264,487 (6.5%) 0.00 64
    2023-07-01 $264,000 (10.1%) $254,487 (5.6%) 0.00 68
    2023-08-01 $224,675 (2.1%) $248,708 (0.5%) 0.00 85
    2023-09-01 $248,450 (2.0%) $247,327 (-0.8%) 0.00 91
    2023-10-01 $242,475 (10.0%) $248,928 (1.1%) 0.00 89
    2023-11-01 $260,975 (22.1%) $259,803 (7.9%) 0.00 99
    2023-12-01 $249,900 (0.0%) $266,781 (10.3%) 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 $311,633 (6.1%) $304,550 (10.0%) 0.00 69
    2024-06-01 $289,900 (-0.7%) $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
    New Castle's median listing price for 2024-11-01 was $197,900, a difference of $-63,075 (-24.2%) versus the prior year and $-32,000 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 2024-11-01 was $237,599, a difference of $-22,204 (-8.6%) versus the prior year and $-29,418 versus the prior month.

    For the 2024-11-01 period, New Castle had 118 MLS listings, a difference of 0 listings (0%) versus the prior month and 19 listings (19%) 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 1,648 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 1,817 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 1,775 sqft
    2022-09-01 0 days 1,831 sqft
    2022-10-01 0 days 1,775 sqft
    2022-11-01 0 days 1,775 sqft
    2022-12-01 0 days 1,869 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 1,882 sqft
    2023-06-01 0 days 1,888 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 2,155 sqft
    2024-06-01 0 days 2,170 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
    New Castle's median listing age (time on market) for 2024-11-01 was 0 days.

    New Castle's median square footage for active listings during the 2024-11-01 period was 1,794 sqft. One year prior, the average listing was 1,862 sqft.

    New Castle, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 509 $91,405,000 $179,578
    Cash Out Refi 156 $18,720,000 $120,000
    Home Improvement 102 $8,500,000 $83,333
    Other 94 $7,080,000 $75,319
    Refi 75 $8,355,000 $111,400

    New Castle's most frequently cited loan purpose was Home Purchase, with 509 originations. The 2nd most popular reason was Cash Out Refi, with 156 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 322 $50,490,000 $156,801
    7-8% 309 $47,185,000 $152,702
    Over 8% 172 $18,010,000 $104,709
    5-6% 102 $14,110,000 $138,333
    <2.5% 5 $185,000 $37,000
    3-4% 4 $460,000 $115,000
    4-5% 3 $575,000 $191,667
    2.5-3% 1 $35,000 $35,000

    During 2023, New Castle's most frequently originated rate bucket was 6-7%, with 322 originations.

    Loan Sizing (New Castle, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 383 $54,375,000 $141,971
    $100,000 or less 377 $22,355,000 $59,297
    $200k-400k 148 $39,300,000 $265,541
    $400k-600k 22 $10,380,000 $471,818
    $600k-1000k 4 $2,770,000 $692,500
    $Over $1MM 2 $4,880,000 $2,440,000

    New Castle's loan sizing saw the bucket of loans from $100k-200k with 383 originations, totaling $54,375,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 395 $65,525,000 $165,886
    60-80% 204 $36,620,000 $179,510
    20-40% 117 $8,415,000 $71,923
    40-60% 95 $13,025,000 $137,105
    Under 20% 91 $3,575,000 $39,286
    Over 100% 19 $4,005,000 $210,789

    New Castle's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 395 originations, totaling $65,525,000 in origination value.