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 6.7% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 6.91% and one month ago for the week of 2025-02-27, the average rate was 7.02%.

    New Castle's average rate one year ago was 7.25%.

    For refis of the same type during the week of 2025-04-03, the average rate was 7.04%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 72 6.97% $2,206
    First Merchants Bank 31 6.85% $2,705
    QUICKEN LOANS, LLC 26 6.87% $4,916
    NEWREZ LLC 20 6.98% $3,686
    GVC MORTGAGE, INC. 18 6.92% $4,590
    UNION HOME MORTGAGE CORP. 15 6.91% $4,251
    Citizens State Bank of New Castle 13 7.34% $2,025
    UNITED WHOLESALE MORTGAGE, LLC 10 6.76% $4,547
    STAR Financial Bank 9 6.88% $2,368
    MJW Financial LLC 9 6.73% $3,748
    CALCON MUTUAL MORTGAGE LLC 9 6.55% $3,896
    FORUM Credit Union 7 6.75% $2,377
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.82% $3,841
    JPMorgan Chase Bank 7 6.95% $3,236
    First Financial Bank 6 7.10% $3,028
    CROSSCOUNTRY MORTGAGE, LLC 6 7.09% $3,893
    The Farmers & Merchants State Bank 5 7.35% $2,629
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.53% $8,414
    MEMBER FIRST MORTGAGE, LLC 3 6.96% $3,893
    GUILD MORTGAGE COMPANY 3 7.08% $3,942
    INDIANA MEMBERS CREDIT UNION 3 6.88% $2,839
    PLAZA HOME MORTGAGE, INC. 3 6.71% $4,686
    MYCUMORTGAGE, LLC 3 6.79% $4,343
    The Huntington National Bank 3 7.13% $3,210
    ROYAL UNITED MORTGAGE LLC 3 7.54% $6,142
    JLB CORPORATION 2 7.25% $5,978
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.13% $4,323
    Mortgage Research Center, LLC 2 7.06% $700
    Northpointe Bank 2 6.99% $3,108
    EUSTIS AND AMERICAN MORTGAGE COMPANY 2 6.88% $4,609
    Goldwater Bank, N.A. 2 6.63% $4,869
    Greenfield Banking Company 2 6.68% $2,950
    Centier Bank 2 6.88% $4,814
    HALLMARK HOME MORTGAGE, LLC 2 7.24% $4,111
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 7.37% $4,007
    AMERICAN FINANCIAL NETWORK, INC. 2 6.63% $6,271
    USAA Federal Savings Bank 2 7.00% $2,455
    U.S. Bank 2 6.68% $2,908
    Wells Fargo Bank 2 6.75% $3,983
    ZILLOW HOME LOANS, LLC 2 6.88% $3,165
    LOANDEPOT.COM, LLC 2 7.06% $5,981
    The Friendship State Bank 1 6.75% $2,276
    Bankers' Bank 1 6.63% $2,996
    CARDINAL FINANCIAL 1 7.99% $4,442
    CITIZENS EQUITY FIRST 1 5.63% $350
    Civista Bank 1 7.13% $2,673
    DAS Acquisition Company, LLC 1 6.99% $8,813
    Farm Credit Mid-America, ACA 1 7.00% $12,975
    Fifth Third Bank 1 6.75% $2,013
    First Bank 1 6.50% $2,778
    First National Bank of America 1 11.88% $11,321
    First Option Mortgage, LLC 1 7.13% $3,496
    FORT FINANCIAL Federal Credit Union 1 7.88% $2,598
    Gateway First Bank 1 7.63% $3,082
    GENEVA FINANCIAL, LLC 1 7.50% $3,305
    GUARANTEED RATE, INC. 1 6.63% $2,885
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.88% $4,402
    Independent Federal Credit Union 1 6.13% $2,177
    LEADERONE FINANCIAL CORPORATION 1 7.49% $3,326
    LENOX FINANCIAL MORTGAGE CORPORATION 1 7.00% $3,191
    Loan Simple, Inc. 1 8.13% $6,750
    Merchants Bank of Indiana 1 7.13% $2,717
    MID AMERICA MORTGAGE, INC. 1 7.13% $1,951
    Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $6,764
    ON Q FINANCIAL, INC. 1 6.99% $9,637
    Plains Commerce Bank 1 6.88% $5,315
    PNC Bank 1 7.50% $2,834
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.99% $9,702
    Prosperity Home Mortgage, LLC 1 7.00% $3,660
    Sandy Spring Bank 1 6.13% $3,456
    TEACHERS CREDIT UNION 1 6.75% $2,804
    21ST MORTGAGE CORPORATION 1 8.34% $5,383
    The Park National Bank 1 7.50% $2,887
    Three Rivers Federal Credit Union 1 6.25% $3,303

    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 for 2025-03-01 was $199,999, a difference of $-96,847 (-32.6%) versus the prior year and $599 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 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 listing age (time on market) for 2025-03-01 was 0 days.

    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.