New Castle Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in New Castle averaged
6.87%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
6.76% and
one month ago for the week of 2023-08-17, the
average rate was 7.07%.
New Castle's average rate one year ago was 5.9%.
For refis of the same type during the week of 2023-09-21, the average rate
was 5.79%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
| New Castle 30 Year Fixed Rate | 2023-09-21 | 6.87% |
| New Castle 30 Year Fixed Rate Refi | 2023-09-21 | 5.79% |
| New Castle 15 Year Fixed Rate | 2023-09-21 | 6.74% |
| New Castle 15 Year Fixed Rate Refi | 2023-09-21 | 5.91% |
| New Castle 30 Year FHA | 2023-09-21 | 6.68% |
| New Castle 30 Year FHA Refi | 2023-09-21 | 6.84% |
| New Castle 30 Year USDA | 2023-09-21 | 6.82% |
| New Castle 30 Year USDA Refi | 2023-09-21 | 7.12% |
| New Castle 30 Year VA | 2023-09-21 | 7.02% |
| New Castle 30 Year VA Refi | 2023-09-21 | 6.62% |
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, PA 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, PA's 95 lenders originated 2,029
loans during 2022. The total origination value was $262,455,000, with an average loan value of
$129,352.
New Castle's average closing costs are $4,947.
The top New Castle lender as defined by loan originations is HOWARD HANNA FINANCIAL SERVICES, INC., with
52 loans originated. Their average total fees are
$4,010, which is $1,638
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee New Castle lenders (with over 10 loans originated) are
Union Savings Bank ($2,915), HOWARD HANNA FINANCIAL SERVICES, INC. ($4,010), The Huntington National Bank ($4,262), PNC Bank ($4,448) and EQUITY RESOURCES, INC. ($4,504).
The lowest rate New Castle lenders (with over 10 loans originated) are
First National Bank of Pennsylvania (4.27%), Dollar Bank, Federal Savings Bank (4.57%), Citizens Bank (4.70%), Nations Lending Corporation (4.81%) and PNC Bank (4.84%).
New Castle, PA 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 |
|---|---|---|---|---|
| The Huntington National Bank | $40,275,000 | $23,385,000 | -41.9% | 8.9% |
| First National Bank of Pennsylvania | $30,405,000 | $21,165,000 | -30.4% | 8.1% |
| QUICKEN LOANS, LLC | $33,245,000 | $19,020,000 | -42.8% | 7.2% |
| First Commonwealth Bank | $19,750,000 | $16,950,000 | -14.2% | 6.5% |
| Citizens Bank | $21,840,000 | $14,900,000 | -31.8% | 5.7% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $15,540,000 | $13,000,000 | -16.3% | 5.0% |
| PNC Bank | $11,305,000 | $11,470,000 | 1.5% | 4.4% |
| WesBanco Bank, Inc. | $12,160,000 | $10,285,000 | -15.4% | 3.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $7,710,000 | $8,365,000 | 8.5% | 3.2% |
| Union Savings Bank | $10,370,000 | $5,765,000 | -44.4% | 2.2% |
| Nations Lending Corporation | $2,230,000 | $4,835,000 | 116.8% | 1.8% |
| WEST PENN FINANCIAL SERVICE CENTER, INC. | $6,810,000 | $4,590,000 | -32.6% | 1.7% |
| Greenville Savings Bank | $4,215,000 | $4,390,000 | 4.2% | 1.7% |
| Mortgage Research Center, LLC | $6,000,000 | $4,185,000 | -30.3% | 1.6% |
| Dollar Bank, Federal Savings Bank | $3,465,000 | $4,080,000 | 17.7% | 1.6% |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $4,600,000 | $4,050,000 | -12.0% | 1.5% |
| First Federal Bank of the Midwest | $4,835,000 | $3,760,000 | -22.2% | 1.4% |
| Flagstar Bank, FSB | $3,725,000 | $3,100,000 | -16.8% | 1.2% |
| EQUITY RESOURCES, INC. | $3,875,000 | $3,095,000 | -20.1% | 1.2% |
| S&T Bank | $2,985,000 | $2,710,000 | -9.2% | 1.0% |
| ALLIED MORTGAGE GROUP, INC. | $4,475,000 | $2,585,000 | -42.2% | 1.0% |
| Wells Fargo Bank | $4,890,000 | $2,360,000 | -51.7% | 0.9% |
| GUARANTEED RATE AFFINITY, LLC | $2,055,000 | $2,290,000 | 11.4% | 0.9% |
| PLAZA HOME MORTGAGE, INC. | $3,400,000 | $2,080,000 | -38.8% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $1,815,000 | $1,985,000 | 9.4% | 0.8% |
| UNION HOME MORTGAGE CORP. | $5,635,000 | $1,900,000 | -66.3% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,530,000 | $1,840,000 | -47.9% | 0.7% |
| Victorian Finance, LLC | $1,435,000 | $1,800,000 | 25.4% | 0.7% |
| Mars Bank | $990,000 | $1,685,000 | 70.2% | 0.6% |
| JLB CORPORATION | $4,315,000 | $1,680,000 | -61.1% | 0.6% |
| PENNSYLVANIA STATE EMPLOYEES Credit Union | $1,415,000 | $1,510,000 | 6.7% | 0.6% |
| The Farmers National Bank of Emlenton | $195,000 | $1,510,000 | 674.4% | 0.6% |
| Clearview Federal Credit Union | $675,000 | $1,500,000 | 122.2% | 0.6% |
| NEXTIER BANK, NATIONAL ASSOCIATION | $760,000 | $1,450,000 | 90.8% | 0.6% |
| Waterstone Mortgage Corporation | $1,475,000 | $1,435,000 | -2.7% | 0.5% |
| DEVELOPER'S MORTGAGE COMPANY | $970,000 | $1,415,000 | 45.9% | 0.5% |
| EMM LOANS LLC | $1,445,000 | $1,375,000 | -4.8% | 0.5% |
| USAA Federal Savings Bank | $750,000 | $1,275,000 | 70.0% | 0.5% |
| Northwest Bank | $4,900,000 | $1,270,000 | -74.1% | 0.5% |
| ARMCO CREDIT UNION | $1,055,000 | $1,260,000 | 19.4% | 0.5% |
| Washington Financial Bank | $990,000 | $1,245,000 | 25.8% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $5,950,000 | $1,200,000 | -79.8% | 0.5% |
| Community Bank | $1,185,000 | n/a | 0.5% | |
| LOANDEPOT.COM, LLC | $3,645,000 | $1,170,000 | -67.9% | 0.4% |
| CFSBANK | $1,710,000 | $1,125,000 | -34.2% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,125,000 | $1,115,000 | -0.9% | 0.4% |
| Arbor Realty Trust, Inc. | $1,095,000 | n/a | 0.4% | |
| STOCKTON MORTGAGE CORPORATION | $1,055,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $3,995,000 | $1,030,000 | -74.2% | 0.4% |
| Clear Mountain Bank | $890,000 | n/a | 0.3% | |
| First Federal Savings and Loan Association of Lakewood | $885,000 | n/a | 0.3% | |
| NEWREZ LLC | $3,045,000 | $865,000 | -71.6% | 0.3% |
| Elderton State Bank | $745,000 | n/a | 0.3% | |
| 21ST MORTGAGE CORPORATION | $185,000 | $740,000 | 300.0% | 0.3% |
| WELCOME HOME FINANCE, L.P. | $605,000 | $675,000 | 11.6% | 0.3% |
| AMERICAN ADVISORS GROUP | $75,000 | $650,000 | 766.7% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $1,690,000 | $620,000 | -63.3% | 0.2% |
| U.S. Bank | $1,940,000 | $620,000 | -68.0% | 0.2% |
| Carrington Mortgage Services, LLC | $1,005,000 | $605,000 | -39.8% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $955,000 | $605,000 | -36.6% | 0.2% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $105,000 | $595,000 | 466.7% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $705,000 | $580,000 | -17.7% | 0.2% |
| BROKER SOLUTIONS, INC. | $1,770,000 | $560,000 | -68.4% | 0.2% |
| JMAC LENDING, INC. | $550,000 | n/a | 0.2% | |
| ROYAL UNITED MORTGAGE LLC | $1,120,000 | $530,000 | -52.7% | 0.2% |
| USX Federal Credit Union | $165,000 | $525,000 | 218.2% | 0.2% |
| Princeton Mortgage Corporation | $495,000 | n/a | 0.2% | |
| AMERISAVE MORTGAGE CORPORATION | $1,770,000 | $485,000 | -72.6% | 0.2% |
| NEXERA HOLDING LLC | $480,000 | n/a | 0.2% | |
| Ally Bank | $455,000 | $470,000 | 3.3% | 0.2% |
| ZILLOW HOME LOANS, LLC | $340,000 | $460,000 | 35.3% | 0.2% |
| EVANSVILLE TEACHERS | $945,000 | $450,000 | -52.4% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $1,355,000 | $445,000 | -67.2% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $425,000 | n/a | 0.2% | |
| BETTER MORTGAGE CORPORATION | $675,000 | $425,000 | -37.0% | 0.2% |
| Equity Prime Mortgage LLC | $55,000 | $425,000 | 672.7% | 0.2% |
| FEDERATED MORTGAGE CORP. | $475,000 | $425,000 | -10.5% | 0.2% |
| Marquette Savings Bank | $425,000 | n/a | 0.2% | |
| Mercer County State Bank | $1,430,000 | $425,000 | -70.3% | 0.2% |
| CALIBER HOME LOANS, INC. | $1,460,000 | $415,000 | -71.6% | 0.2% |
| Queensborough National Bank & Trust Company | $415,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $1,410,000 | $405,000 | -71.3% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,875,000 | $400,000 | -86.1% | 0.2% |
| Ixonia Bank | $115,000 | $370,000 | 221.7% | 0.1% |
| SOMERSET TRUST COMPANY | $370,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $360,000 | $365,000 | 1.4% | 0.1% |
| MidAtlantic Farm Credit, ACA | $355,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $235,000 | $350,000 | 48.9% | 0.1% |
| AMERIFIRST FINANCIAL CORPORATION | $340,000 | n/a | 0.1% | |
| Sail Mortgage Corp. | $1,135,000 | $335,000 | -70.5% | 0.1% |
| DAS Acquisition Company, LLC | $320,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $395,000 | $320,000 | -19.0% | 0.1% |
| Seven Seventeen Credit Union | $475,000 | $320,000 | -32.6% | 0.1% |
| HOME POINT FINANCIAL CORPORATION | $1,610,000 | $310,000 | -80.7% | 0.1% |
| State Financial Network, LLC | $570,000 | $305,000 | -46.5% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $740,000 | $305,000 | -58.8% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $35,000 | $295,000 | 742.9% | 0.1% |
| FREEDOM UNITED FCU | $110,000 | $280,000 | 154.5% | 0.1% |
| Gateway First Bank | $345,000 | $280,000 | -18.8% | 0.1% |
| NEW DAY FINANCIAL, LLC | $865,000 | $280,000 | -67.6% | 0.1% |
| NBKC BANK | $240,000 | $275,000 | 14.6% | 0.1% |
| UTILITIES EMPLOYEES CREDIT UNION | $270,000 | n/a | 0.1% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $695,000 | $265,000 | -61.9% | 0.1% |
| FIRST HERITAGE FINANCIAL, LLC | $115,000 | $255,000 | 121.7% | 0.1% |
| Citadel Servicing Corporation | $245,000 | n/a | 0.1% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $245,000 | n/a | 0.1% | |
| Farm Credit Mid-America, ACA | $245,000 | n/a | 0.1% | |
| Evolve Bank & Trust | $235,000 | n/a | 0.1% | |
| First National Bank of America | $235,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $235,000 | n/a | 0.1% | |
| Northpointe Bank | $225,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,065,000 | $215,000 | -79.8% | 0.1% |
| PHH Mortgage Corporation | $480,000 | $210,000 | -56.3% | 0.1% |
| Brentwood Bank | $205,000 | n/a | 0.1% | |
| GUARANTEED RATE, INC. | $520,000 | $205,000 | -60.6% | 0.1% |
| KELLER MORTGAGE, LLC | $245,000 | $205,000 | -16.3% | 0.1% |
| First Guaranty Mortgage Corporation | $795,000 | $200,000 | -74.8% | 0.1% |
| InFirst Bank | $200,000 | n/a | 0.1% | |
| MILEND, INC. | $300,000 | $195,000 | -35.0% | 0.1% |
| Bank of England | $350,000 | $190,000 | -45.7% | 0.1% |
| MEMBERS 1ST FEDERAL CREDIT UNION | $190,000 | n/a | 0.1% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $185,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $460,000 | $185,000 | -59.8% | 0.1% |
| RAPID MORTGAGE COMPANY | $185,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $115,000 | $180,000 | 56.5% | 0.1% |
| GSF Mortgage Corporation | $480,000 | $175,000 | -63.5% | 0.1% |
| Republic Bank & Trust Company | $175,000 | n/a | 0.1% | |
| Truist | $210,000 | $170,000 | -19.0% | 0.1% |
| Discover Bank | $340,000 | $165,000 | -51.5% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $160,000 | n/a | 0.1% | |
| BELCO COMMUNITY CREDIT UNION | $155,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $145,000 | n/a | 0.1% | |
| Mid Penn Bank | $145,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $145,000 | n/a | 0.1% | |
| ARC HOME LLC | $530,000 | $140,000 | -73.6% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $270,000 | $135,000 | -50.0% | 0.1% |
| EVERETT FINANCIAL, INC. | $125,000 | n/a | 0.0% | |
| GUARANTY HOME MORTGAGE CORPORATION | $125,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $125,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $275,000 | $125,000 | -54.5% | 0.0% |
| West-Aircomm Federal Credit Union | $55,000 | $125,000 | 127.3% | 0.0% |
| Grove City Area Federal Credit Union | $535,000 | $120,000 | -77.6% | 0.0% |
| LOANPAL, LLC | $520,000 | $115,000 | -77.9% | 0.0% |
| Presidential Bank, FSB | $115,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $205,000 | $115,000 | -43.9% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $90,000 | $115,000 | 27.8% | 0.0% |
| ASSOCIATED MORTGAGE BANKERS, INC. | $105,000 | n/a | 0.0% | |
| Bank of America | $280,000 | $95,000 | -66.1% | 0.0% |
| Chicago Mortgage Solutions LLC | $95,000 | n/a | 0.0% | |
| 1st Summit Bank | $55,000 | $85,000 | 54.5% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $875,000 | $85,000 | -90.3% | 0.0% |
| UNIVERSITY CREDIT UNION | $85,000 | n/a | 0.0% | |
| Network Funding, L.P. | $75,000 | n/a | 0.0% | |
| NFM, INC. | $75,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $75,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $115,000 | $75,000 | -34.8% | 0.0% |
| AmeriServ Financial Bank | $250,000 | $55,000 | -78.0% | 0.0% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $55,000 | n/a | 0.0% | |
| Neighborhood Loans, Inc. | $55,000 | n/a | 0.0% | |
| The Union Bank Company | $55,000 | n/a | 0.0% | |
| Widget Federal Credit Union | $45,000 | $55,000 | 22.2% | 0.0% |
| OMEGA Federal Credit Union | $115,000 | $45,000 | -60.9% | 0.0% |
| The Farmers National Bank of Canfield | $1,380,000 | $45,000 | -96.7% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $280,000 | $35,000 | -87.5% | 0.0% |
| Figure Lending LLC | $210,000 | $35,000 | -83.3% | 0.0% |
New Castle's top lender by overall market share is The Huntington National Bank, with 8.9% market share. In second place, with 8.1%, is First National Bank of Pennsylvania, having originated $21,165,000 in loans. In third place, with 7.2%, is QUICKEN LOANS, LLC, having originated $19,020,000 in loans. In fourth place, with 6.5%, is First Commonwealth Bank, having originated $16,950,000 in loans. In fifth place, with 5.7%, is Citizens Bank, having originated $14,900,000 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 | $85,000 (3.2%) | $131,943 (3.3%) | 0.00 | 446 |
| 2018-02-01 | $81,900 (1.1%) | $132,004 (1.7%) | 0.00 | 434 |
| 2018-03-01 | $79,900 (-7.3%) | $130,597 (-4.4%) | 0.00 | 442 |
| 2018-04-01 | $84,950 (-1.2%) | $138,122 (1.4%) | 0.00 | 441 |
| 2018-05-01 | $89,900 (9.6%) | $140,338 (2.4%) | 0.00 | 459 |
| 2018-06-01 | $89,900 (4.7%) | $142,564 (3.3%) | 0.00 | 477 |
| 2018-07-01 | $103,333 (14.9%) | $148,291 (4.7%) | 0.00 | 469 |
| 2018-08-01 | $112,150 (28.6%) | $148,917 (7.9%) | 0.00 | 502 |
| 2018-09-01 | $104,700 (17.6%) | $146,162 (7.4%) | 0.00 | 492 |
| 2018-10-01 | $104,700 (16.5%) | $146,333 (7.9%) | 0.00 | 488 |
| 2018-11-01 | $104,475 (16.2%) | $143,687 (4.2%) | 0.00 | 495 |
| 2018-12-01 | $99,900 (18.9%) | $144,266 (10.4%) | 0.00 | 479 |
| 2019-01-01 | $89,575 (5.4%) | $133,254 (1.0%) | 0.00 | 453 |
| 2019-02-01 | $89,925 (9.8%) | $131,838 (-0.1%) | 0.00 | 431 |
| 2019-03-01 | $93,329 (16.8%) | $135,395 (3.7%) | 0.00 | 428 |
| 2019-04-01 | $97,329 (14.6%) | $141,492 (2.4%) | 0.00 | 433 |
| 2019-05-01 | $97,400 (8.3%) | $140,645 (0.2%) | 0.00 | 429 |
| 2019-06-01 | $99,500 (10.7%) | $146,104 (2.5%) | 0.00 | 427 |
| 2019-07-01 | $98,625 (-4.6%) | $140,432 (-5.3%) | 0.00 | 435 |
| 2019-08-01 | $98,045 (-12.6%) | $142,151 (-4.5%) | 0.00 | 440 |
| 2019-09-01 | $97,739 (-6.7%) | $145,026 (-0.8%) | 0.00 | 441 |
| 2019-10-01 | $97,534 (-6.8%) | $148,058 (1.2%) | 0.00 | 442 |
| 2019-11-01 | $99,500 (-4.8%) | $153,827 (7.1%) | 0.00 | 431 |
| 2019-12-01 | $98,125 (-1.8%) | $152,189 (5.5%) | 0.00 | 411 |
| 2020-01-01 | $99,000 (10.5%) | $152,590 (14.5%) | 0.00 | 388 |
| 2020-02-01 | $99,900 (11.1%) | $159,495 (21.0%) | 0.00 | 367 |
| 2020-03-01 | $110,475 (18.4%) | $161,238 (19.1%) | 0.00 | 371 |
| 2020-04-01 | $117,600 (20.8%) | $162,723 (15.0%) | 0.00 | 364 |
| 2020-05-01 | $115,000 (18.1%) | $158,793 (12.9%) | 0.00 | 356 |
| 2020-06-01 | $99,900 (0.4%) | $162,396 (11.2%) | 0.00 | 305 |
| 2020-07-01 | $128,450 (30.2%) | $170,435 (21.4%) | 0.00 | 285 |
| 2020-08-01 | $119,900 (22.3%) | $168,528 (18.6%) | 0.00 | 257 |
| 2020-09-01 | $129,800 (32.8%) | $172,698 (19.1%) | 0.00 | 249 |
| 2020-10-01 | $118,700 (21.7%) | $162,977 (10.1%) | 0.00 | 256 |
| 2020-11-01 | $111,400 (12.0%) | $162,651 (5.7%) | 0.00 | 251 |
| 2020-12-01 | $108,950 (11.0%) | $167,777 (10.2%) | 0.00 | 231 |
| 2021-01-01 | $116,500 (17.7%) | $167,125 (9.5%) | 0.00 | 189 |
| 2021-02-01 | $108,200 (8.3%) | $173,063 (8.5%) | 0.00 | 151 |
| 2021-03-01 | $142,000 (28.5%) | $192,914 (19.7%) | 0.00 | 127 |
| 2021-04-01 | $131,700 (12.0%) | $191,931 (18.0%) | 0.00 | 120 |
| 2021-05-01 | $149,950 (30.4%) | $198,547 (25.0%) | 0.00 | 119 |
| 2021-06-01 | $139,900 (40.0%) | $194,355 (19.7%) | 0.00 | 138 |
| 2021-07-01 | $139,925 (8.9%) | $195,531 (14.7%) | 0.00 | 153 |
| 2021-08-01 | $129,700 (8.2%) | $184,728 (9.6%) | 0.00 | 187 |
| 2021-09-01 | $123,050 (-5.2%) | $184,350 (6.8%) | 0.00 | 171 |
| 2021-10-01 | $129,900 (9.4%) | $187,752 (15.2%) | 0.00 | 181 |
| 2021-11-01 | $144,975 (30.1%) | $198,762 (22.2%) | 0.00 | 170 |
| 2021-12-01 | $129,925 (19.3%) | $192,915 (15.0%) | 0.00 | 157 |
| 2022-01-01 | $135,000 (15.9%) | $196,063 (17.3%) | 0.00 | 141 |
| 2022-02-01 | $142,225 (31.5%) | $204,063 (17.9%) | 0.00 | 120 |
| 2022-03-01 | $152,475 (7.4%) | $198,299 (2.8%) | 0.00 | 100 |
| 2022-04-01 | $149,900 (13.8%) | $185,213 (-3.5%) | 0.00 | 110 |
| 2022-05-01 | $173,200 (15.5%) | $209,154 (5.3%) | 0.00 | 113 |
| 2022-06-01 | $159,375 (13.9%) | $203,706 (4.8%) | 0.00 | 143 |
| 2022-07-01 | $149,400 (6.8%) | $194,467 (-0.5%) | 0.00 | 185 |
| 2022-08-01 | $149,900 (15.6%) | $199,762 (8.1%) | 0.00 | 187 |
| 2022-09-01 | $138,700 (12.7%) | $191,724 (4.0%) | 0.00 | 205 |
| 2022-10-01 | $139,000 (7.0%) | $188,970 (0.7%) | 0.00 | 223 |
| 2022-11-01 | $139,900 (-3.5%) | $193,151 (-2.8%) | 0.00 | 205 |
| 2022-12-01 | $137,500 (5.8%) | $259,181 (34.4%) | 0.00 | 201 |
| 2023-01-01 | $129,950 (-3.7%) | $267,641 (36.5%) | 0.00 | 183 |
| 2023-02-01 | $132,400 (-6.9%) | $200,973 (-1.5%) | 0.00 | 154 |
| 2023-03-01 | $129,900 (-14.8%) | $198,272 (0.0%) | 0.00 | 153 |
| 2023-04-01 | $139,950 (-6.6%) | $203,028 (9.6%) | 0.00 | 148 |
| 2023-05-01 | $139,925 (-19.2%) | $205,507 (-1.7%) | 0.00 | 148 |
| 2023-06-01 | $130,975 (-17.8%) | $198,084 (-2.8%) | 0.00 | 152 |
| 2023-07-01 | $147,200 (-1.5%) | $207,780 (6.9%) | 0.00 | 159 |
| 2023-08-01 | $145,375 (-3.0%) | $204,578 (2.4%) | 0.00 | 159 |
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 $204,578, a difference of $4,816 (2.4%) versus the prior year and $-3,202 versus the prior month.
For the 2023-08-01 period, New Castle had 159 MLS listings, a difference of 0 listings (0%) versus the prior month and -28 listings (-15%) 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 | 1,443 sqft |
| 2018-02-01 | 0 days | 1,448 sqft |
| 2018-03-01 | 0 days | 1,489 sqft |
| 2018-04-01 | 0 days | 1,554 sqft |
| 2018-05-01 | 0 days | 1,554 sqft |
| 2018-06-01 | 0 days | 1,560 sqft |
| 2018-07-01 | 0 days | 1,560 sqft |
| 2018-08-01 | 0 days | 1,526 sqft |
| 2018-09-01 | 0 days | 1,507 sqft |
| 2018-10-01 | 0 days | 1,508 sqft |
| 2018-11-01 | 0 days | 1,512 sqft |
| 2018-12-01 | 0 days | 1,472 sqft |
| 2019-01-01 | 0 days | 1,439 sqft |
| 2019-02-01 | 0 days | 1,455 sqft |
| 2019-03-01 | 0 days | 1,465 sqft |
| 2019-04-01 | 0 days | 1,460 sqft |
| 2019-05-01 | 0 days | 1,460 sqft |
| 2019-06-01 | 0 days | 1,482 sqft |
| 2019-07-01 | 0 days | 1,469 sqft |
| 2019-08-01 | 0 days | 1,458 sqft |
| 2019-09-01 | 0 days | 1,460 sqft |
| 2019-10-01 | 0 days | 1,459 sqft |
| 2019-11-01 | 0 days | 1,484 sqft |
| 2019-12-01 | 0 days | 1,474 sqft |
| 2020-01-01 | 0 days | 1,470 sqft |
| 2020-02-01 | 0 days | 1,487 sqft |
| 2020-03-01 | 0 days | 1,512 sqft |
| 2020-04-01 | 0 days | 1,536 sqft |
| 2020-05-01 | 0 days | 1,536 sqft |
| 2020-06-01 | 0 days | 1,530 sqft |
| 2020-07-01 | 0 days | 1,547 sqft |
| 2020-08-01 | 0 days | 1,536 sqft |
| 2020-09-01 | 0 days | 1,552 sqft |
| 2020-10-01 | 0 days | 1,494 sqft |
| 2020-11-01 | 0 days | 1,470 sqft |
| 2020-12-01 | 0 days | 1,462 sqft |
| 2021-01-01 | 0 days | 1,455 sqft |
| 2021-02-01 | 0 days | 1,471 sqft |
| 2021-03-01 | 0 days | 1,534 sqft |
| 2021-04-01 | 0 days | 1,521 sqft |
| 2021-05-01 | 0 days | 1,524 sqft |
| 2021-06-01 | 0 days | 1,512 sqft |
| 2021-07-01 | 0 days | 1,584 sqft |
| 2021-08-01 | 0 days | 1,498 sqft |
| 2021-09-01 | 0 days | 1,478 sqft |
| 2021-10-01 | 0 days | 1,495 sqft |
| 2021-11-01 | 0 days | 1,515 sqft |
| 2021-12-01 | 0 days | 1,485 sqft |
| 2022-01-01 | 0 days | 1,487 sqft |
| 2022-02-01 | 0 days | 1,493 sqft |
| 2022-03-01 | 0 days | 1,513 sqft |
| 2022-04-01 | 0 days | 1,472 sqft |
| 2022-05-01 | 0 days | 1,560 sqft |
| 2022-06-01 | 0 days | 1,509 sqft |
| 2022-07-01 | 0 days | 1,510 sqft |
| 2022-08-01 | 0 days | 1,522 sqft |
| 2022-09-01 | 0 days | 1,526 sqft |
| 2022-10-01 | 0 days | 1,472 sqft |
| 2022-11-01 | 0 days | 1,472 sqft |
| 2022-12-01 | 0 days | 1,405 sqft |
| 2023-01-01 | 0 days | 1,414 sqft |
| 2023-02-01 | 0 days | 1,427 sqft |
| 2023-03-01 | 0 days | 1,444 sqft |
| 2023-04-01 | 0 days | 1,448 sqft |
| 2023-05-01 | 0 days | 1,439 sqft |
| 2023-06-01 | 0 days | 1,464 sqft |
| 2023-07-01 | 0 days | 1,560 sqft |
| 2023-08-01 | 0 days | 1,590 sqft |
New Castle's median square footage for active listings during the 2023-08-01 period was 1,590 sqft. One year prior, the average listing was 1,522 sqft.
New Castle, PA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 883 | $144,245,000 | $163,358 |
| Refi | 409 | $48,655,000 | $118,961 |
| Home Improvement | 296 | $20,830,000 | $70,372 |
| Cash Out Refi | 249 | $34,595,000 | $138,936 |
| Other | 192 | $14,130,000 | $73,594 |
New Castle's most frequently cited loan purpose was Home Purchase, with 883 originations. The 2nd most popular reason was Refi, with 409 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 512 | $70,600,000 | $137,891 |
| 3-4% | 390 | $56,120,000 | $143,897 |
| 4-5% | 369 | $48,305,000 | $130,908 |
| 6-7% | 205 | $25,645,000 | $125,098 |
| <2.5% | 189 | $19,145,000 | $101,296 |
| 2.5-3% | 162 | $21,630,000 | $133,519 |
| 7-8% | 87 | $8,235,000 | $94,655 |
| Over 8% | 58 | $3,620,000 | $62,414 |
During 2022, New Castle's most frequently originated rate bucket was 5-6%, with 512 originations.
Loan Sizing (New Castle, PA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 912 | $53,440,000 | $58,596 |
| $100k-200k | 769 | $108,115,000 | $140,592 |
| $200k-400k | 315 | $82,745,000 | $262,683 |
| $400k-600k | 25 | $11,735,000 | $469,400 |
| $600k-1000k | 7 | $5,325,000 | $760,714 |
| $Over $1MM | 1 | $1,095,000 | $1,095,000 |
New Castle's loan sizing saw the bucket of loans from $100,000 or less with 912 originations, totaling $53,440,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 787 | $126,725,000 | $161,023 |
| 60-80% | 434 | $64,160,000 | $147,834 |
| 20-40% | 293 | $20,865,000 | $71,212 |
| 40-60% | 242 | $29,910,000 | $123,595 |
| Under 20% | 188 | $6,570,000 | $34,947 |
| Over 100% | 20 | $4,370,000 | $218,500 |
New Castle's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 787 originations, totaling $126,725,000 in origination value.