New Castle Mortgage Rates & Closing Costs
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% |
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 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. LouisDate | 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 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. LouisDate | 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 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.