Newport Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Newport averaged
6.87%
for the week of 2023-11-22, compared to the national average of
7.29% for the same period.
The average rate for the prior week (2023-11-16) was
7.02% and
one month ago for the week of 2023-10-19, the
average rate was 7.41%.
Newport's average rate one year ago was 6.19%.
For refis of the same type during the week of 2023-11-22, the average rate
was 6.36%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
Newport 30 Year Fixed Rate | 2023-11-22 | 6.87% |
Newport 30 Year Fixed Rate Refi | 2023-11-22 | 6.36% |
Newport 15 Year Fixed Rate | 2023-11-22 | 6.67% |
Newport 15 Year Fixed Rate Refi | 2023-11-22 | 7.27% |
Newport 30 Year FHA | 2023-11-22 | -0.13% |
Newport 30 Year FHA Refi | 2023-11-22 | -0.1% |
Newport 30 Year USDA | 2023-11-22 | 0.1% |
Newport 30 Year USDA Refi | 2023-11-22 | 0% |
Newport 30 Year VA | 2023-11-22 | -0.36% |
Newport 30 Year VA Refi | 2023-11-22 | 0% |
Newport 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 Newport, OR 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.).
Newport Average Closing Costs & Other Stats
Newport, OR's 165 lenders originated 1,743
loans during 2022. The total origination value was $548,285,000, with an average loan value of
$314,564.
Newport's average closing costs are $6,144.
The top Newport lender as defined by loan originations is QUICKEN LOANS, LLC, with
59 loans originated. Their average total fees are
$9,198, which is $1,658
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Newport lenders (with over 10 loans originated) are
JPMorgan Chase Bank ($5,793), Umpqua Bank ($6,014), LPMC, LLC ($6,088), KeyBank ($6,130) and CALIBER HOME LOANS, INC. ($6,274).
The lowest rate Newport lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC (3.96%), JPMorgan Chase Bank (4.02%), Flagstar Bank, FSB (4.07%), Bank of the West (4.13%) and Washington Federal Bank (4.28%).
Newport, OR 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 |
---|---|---|---|---|
QUICKEN LOANS, LLC | $66,760,000 | $29,880,000 | -55.2% | 5.4% |
UNITED WHOLESALE MORTGAGE, LLC | $38,175,000 | $24,680,000 | -35.4% | 4.5% |
Umpqua Bank | $36,955,000 | $24,500,000 | -33.7% | 4.5% |
CROSSCOUNTRY MORTGAGE, LLC | $32,540,000 | $19,415,000 | -40.3% | 3.5% |
U.S. Bank | $30,255,000 | $19,330,000 | -36.1% | 3.5% |
HomeStreet Bank | $11,620,000 | $17,755,000 | 52.8% | 3.2% |
GUILD MORTGAGE COMPANY | $34,235,000 | $17,210,000 | -49.7% | 3.1% |
EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $34,630,000 | $17,015,000 | -50.9% | 3.1% |
CALIBER HOME LOANS, INC. | $22,470,000 | $13,280,000 | -40.9% | 2.4% |
Wells Fargo Bank | $23,050,000 | $13,190,000 | -42.8% | 2.4% |
Sierra Pacific Mortgage Company, Inc. | $6,840,000 | $12,320,000 | 80.1% | 2.2% |
OnPoint Community Credit Union | $10,510,000 | $11,415,000 | 8.6% | 2.1% |
Washington Federal Bank | $9,610,000 | $10,630,000 | 10.6% | 1.9% |
Oregon State Credit Union | $6,840,000 | $9,910,000 | 44.9% | 1.8% |
LOANDEPOT.COM, LLC | $23,655,000 | $9,830,000 | -58.4% | 1.8% |
FIBRE FEDERAL CREDIT UNION | $9,370,000 | $8,910,000 | -4.9% | 1.6% |
LPMC, LLC | $13,235,000 | $8,850,000 | -33.1% | 1.6% |
CHURCHILL MORTGAGE CORPORATION | $6,520,000 | $8,275,000 | 26.9% | 1.5% |
Columbia State Bank | $12,685,000 | $8,135,000 | -35.9% | 1.5% |
Flagstar Bank, FSB | $7,625,000 | $8,035,000 | 5.4% | 1.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $14,770,000 | $7,530,000 | -49.0% | 1.4% |
HOME POINT FINANCIAL CORPORATION | $12,980,000 | $7,395,000 | -43.0% | 1.3% |
DIRECTORS MORTGAGE, INC. | $5,735,000 | $7,040,000 | 22.8% | 1.3% |
Bank of the West | $6,350,000 | $6,300,000 | -0.8% | 1.1% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $6,810,000 | $6,270,000 | -7.9% | 1.1% |
MOVEMENT MORTGAGE, LLC | $13,260,000 | $6,255,000 | -52.8% | 1.1% |
Mortgage Research Center, LLC | $10,490,000 | $5,640,000 | -46.2% | 1.0% |
Pacific Premier Bank | $5,330,000 | n/a | 1.0% | |
KeyBank | $4,135,000 | $5,085,000 | 23.0% | 0.9% |
AMERISAVE MORTGAGE CORPORATION | $8,350,000 | $4,980,000 | -40.4% | 0.9% |
FIRST TECHNOLOGY | $7,465,000 | $4,950,000 | -33.7% | 0.9% |
NATIONS DIRECT MORTGAGE, LLC | $6,165,000 | $4,940,000 | -19.9% | 0.9% |
FREEDOM MORTGAGE CORPORATION | $14,930,000 | $4,845,000 | -67.5% | 0.9% |
JPMorgan Chase Bank | $12,490,000 | $4,575,000 | -63.4% | 0.8% |
PENNYMAC LOAN SERVICES, LLC | $11,855,000 | $4,570,000 | -61.5% | 0.8% |
CMG MORTGAGE, INC. | $4,485,000 | $4,310,000 | -3.9% | 0.8% |
Bank of America | $4,365,000 | $4,130,000 | -5.4% | 0.8% |
Mr. Cooper ( Nationstar Mortgage ) | $7,980,000 | $3,680,000 | -53.9% | 0.7% |
SUMMIT FUNDING, INC. | $4,625,000 | $3,645,000 | -21.2% | 0.7% |
ENVOY MORTGAGE, LTD | $3,865,000 | $3,205,000 | -17.1% | 0.6% |
ACADEMY MORTGAGE CORPORATION | $6,145,000 | $3,085,000 | -49.8% | 0.6% |
FINANCE OF AMERICA MORTGAGE LLC | $8,905,000 | $3,040,000 | -65.9% | 0.6% |
AMERICAN ADVISORS GROUP | $2,460,000 | $2,945,000 | 19.7% | 0.5% |
MORTGAGE EXPRESS, LLC | $5,895,000 | $2,865,000 | -51.4% | 0.5% |
Banner Bank | $1,835,000 | $2,845,000 | 55.0% | 0.5% |
Commerce Home Mortgage, Inc. | $5,955,000 | $2,610,000 | -56.2% | 0.5% |
USAA Federal Savings Bank | $3,670,000 | $2,505,000 | -31.7% | 0.5% |
MANN FINANCIAL INC. | $810,000 | $2,465,000 | 204.3% | 0.4% |
MUTUAL OF OMAHA MORTGAGE, INC. | $4,180,000 | $2,465,000 | -41.0% | 0.4% |
NEWREZ LLC | $5,135,000 | $2,415,000 | -53.0% | 0.4% |
1st Security Bank of Washington | $1,790,000 | $2,380,000 | 33.0% | 0.4% |
BROKER SOLUTIONS, INC. | $7,705,000 | $2,315,000 | -70.0% | 0.4% |
Nations Lending Corporation | $2,220,000 | $2,270,000 | 2.3% | 0.4% |
GUARANTEED RATE, INC. | $8,120,000 | $2,255,000 | -72.2% | 0.4% |
Charles Schwab Bank, SSB | $2,220,000 | n/a | 0.4% | |
Willamette Valley Bank | $530,000 | $2,195,000 | 314.2% | 0.4% |
NAVY FEDERAL CREDIT UNION | $6,085,000 | $2,115,000 | -65.2% | 0.4% |
OREGON COMMUNITY | $3,245,000 | $2,080,000 | -35.9% | 0.4% |
NEW DAY FINANCIAL, LLC | $2,230,000 | $2,030,000 | -9.0% | 0.4% |
First Interstate Bank | $2,795,000 | $1,980,000 | -29.2% | 0.4% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $4,055,000 | $1,970,000 | -51.4% | 0.4% |
S1L, Inc. | $1,995,000 | $1,850,000 | -7.3% | 0.3% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,575,000 | $1,840,000 | -48.5% | 0.3% |
Amalgamated Bank | $1,765,000 | n/a | 0.3% | |
ZILLOW HOME LOANS, LLC | $1,345,000 | $1,750,000 | 30.1% | 0.3% |
MUFG Union Bank | $1,700,000 | n/a | 0.3% | |
Sunflower Bank | $580,000 | $1,675,000 | 188.8% | 0.3% |
PacWest Funding Inc. | $755,000 | $1,610,000 | 113.2% | 0.3% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $8,110,000 | $1,520,000 | -81.3% | 0.3% |
Hometown Lenders, Inc. | $3,445,000 | $1,420,000 | -58.8% | 0.3% |
LENDSURE MORTGAGE CORP. | $1,345,000 | n/a | 0.2% | |
North American Savings Bank, F.S.B. | $2,050,000 | $1,325,000 | -35.4% | 0.2% |
PACIFIC RESIDENTIAL MORTGAGE, LLC | $8,445,000 | $1,325,000 | -84.3% | 0.2% |
Gateway First Bank | $800,000 | $1,250,000 | 56.3% | 0.2% |
OPEN MORTGAGE, LLC | $1,250,000 | n/a | 0.2% | |
Magnolia Bank | $800,000 | $1,245,000 | 55.6% | 0.2% |
CIVIC FINANCIAL SERVICES, LLC | $135,000 | $1,180,000 | 774.1% | 0.2% |
Morgan Stanley Private Bank | $1,660,000 | $1,180,000 | -28.9% | 0.2% |
BETTER MORTGAGE CORPORATION | $11,520,000 | $1,175,000 | -89.8% | 0.2% |
SUMMIT MORTGAGE CORPORATION | $4,845,000 | $1,155,000 | -76.2% | 0.2% |
IDAHO CENTRAL | $1,150,000 | n/a | 0.2% | |
PENTAGON FEDERAL CREDIT UNION | $165,000 | $1,150,000 | 597.0% | 0.2% |
PREMIER MORTGAGE RESOURCES, L.L.C. | $3,950,000 | $1,150,000 | -70.9% | 0.2% |
Ally Bank | $1,310,000 | $1,115,000 | -14.9% | 0.2% |
GSF Mortgage Corporation | $1,620,000 | $1,110,000 | -31.5% | 0.2% |
Barrington Bank & Trust Company, N.A. | $1,380,000 | $1,085,000 | -21.4% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $4,920,000 | $1,085,000 | -77.9% | 0.2% |
The Federal Savings Bank | $1,915,000 | $1,055,000 | -44.9% | 0.2% |
PHH Mortgage Corporation | $1,235,000 | $1,015,000 | -17.8% | 0.2% |
Zions Bancorporation, N.A. | $990,000 | n/a | 0.2% | |
CHERRY CREEK MORTGAGE, LLC | $3,185,000 | $980,000 | -69.2% | 0.2% |
Bank of England | $525,000 | $955,000 | 81.9% | 0.2% |
RED CANOE CREDIT UNION | $380,000 | $910,000 | 139.5% | 0.2% |
OCMBC, INC. | $885,000 | n/a | 0.2% | |
Rivermark Community Credit Union | $1,780,000 | $875,000 | -50.8% | 0.2% |
MARION AND POLK SCHOOLS CREDIT UNION | $985,000 | $860,000 | -12.7% | 0.2% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $550,000 | $860,000 | 56.4% | 0.2% |
CREDIT HUMAN FEDERAL CREDIT UNION | $740,000 | $855,000 | 15.5% | 0.2% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $850,000 | n/a | 0.2% | |
ONY GLO, INC. | $355,000 | $850,000 | 139.4% | 0.2% |
Paramount Residential Mortgage Group, Inc. | $1,070,000 | $830,000 | -22.4% | 0.2% |
Unitus Community Credit Union | $1,855,000 | $815,000 | -56.1% | 0.1% |
First Republic Bank | $805,000 | n/a | 0.1% | |
GUARANTEED RATE AFFINITY, LLC | $805,000 | n/a | 0.1% | |
Northpointe Bank | $790,000 | n/a | 0.1% | |
HOMEXPRESS MORTGAGE CORP. | $665,000 | $760,000 | 14.3% | 0.1% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $740,000 | n/a | 0.1% | |
GENEVA FINANCIAL, LLC | $1,415,000 | $730,000 | -48.4% | 0.1% |
Northwest Farm Credit Services, FLCA | $355,000 | $705,000 | 98.6% | 0.1% |
Quontic Bank | $705,000 | n/a | 0.1% | |
STEARNS LENDING, LLC | $19,905,000 | $705,000 | -96.5% | 0.1% |
AMERICAN FINANCIAL RESOURCES, INC. | $965,000 | $690,000 | -28.5% | 0.1% |
AIR ACADEMY | $685,000 | n/a | 0.1% | |
ROGUE | $595,000 | $665,000 | 11.8% | 0.1% |
BOKF | $645,000 | n/a | 0.1% | |
First State Bank of St. Charles, Missouri | $645,000 | n/a | 0.1% | |
State Department Federal Credit Union | $645,000 | n/a | 0.1% | |
Summit Mortgage Corporation | $1,250,000 | $645,000 | -48.4% | 0.1% |
BEST CAPITAL FUNDING | $640,000 | n/a | 0.1% | |
VERITAS FUNDING, LLC | $405,000 | $640,000 | 58.0% | 0.1% |
The Huntington National Bank | $115,000 | $635,000 | 452.2% | 0.1% |
Clackamas Federal Credit Union | $600,000 | n/a | 0.1% | |
iQ Credit Union | $650,000 | $590,000 | -9.2% | 0.1% |
PLAZA HOME MORTGAGE, INC. | $1,120,000 | $590,000 | -47.3% | 0.1% |
LONGBRIDGE FINANCIAL, LLC | $1,005,000 | $585,000 | -41.8% | 0.1% |
American Airlines Federal Credit Union | $320,000 | $580,000 | 81.3% | 0.1% |
BAY EQUITY LLC | $1,055,000 | $580,000 | -45.0% | 0.1% |
CANOPY MORTGAGE, LLC | $3,875,000 | $575,000 | -85.2% | 0.1% |
LENDINGHOME FUNDING CORPORATION | $560,000 | n/a | 0.1% | |
BNC National Bank | $305,000 | $555,000 | 82.0% | 0.1% |
Royal Credit Union | $545,000 | n/a | 0.1% | |
REVERSE MORTGAGE FUNDING LLC | $540,000 | n/a | 0.1% | |
Heritage Bank | $535,000 | n/a | 0.1% | |
SECURITYNATIONAL MORTGAGE COMPANY | $275,000 | $535,000 | 94.5% | 0.1% |
WASHINGTON STATE EMPLOYEES Credit Union | $330,000 | $525,000 | 59.1% | 0.1% |
TOP FLITE FINANCIAL, INC. | $515,000 | n/a | 0.1% | |
ADVANTIS | $1,310,000 | $510,000 | -61.1% | 0.1% |
SELCO COMMUNITY | $745,000 | $505,000 | -32.2% | 0.1% |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $275,000 | $495,000 | 80.0% | 0.1% |
First Savings Bank | $165,000 | $495,000 | 200.0% | 0.1% |
SPRING EQ, LLC | $350,000 | $490,000 | 40.0% | 0.1% |
SUN WEST MORTGAGE COMPANY, INC. | $1,695,000 | $490,000 | -71.1% | 0.1% |
ALLIANT CREDIT UNION | $470,000 | $485,000 | 3.2% | 0.1% |
SAMMAMISH MORTGAGE COMPANY | $780,000 | $485,000 | -37.8% | 0.1% |
Academy Bank | $480,000 | n/a | 0.1% | |
Century Mortgage Company DBA Century Lending Company | $815,000 | $480,000 | -41.1% | 0.1% |
Consolidated Federal Credit Union | $475,000 | n/a | 0.1% | |
Greenbox Loans, Inc. | $475,000 | $475,000 | 0.0% | 0.1% |
MOUNTAIN AMERICA | $1,010,000 | $470,000 | -53.5% | 0.1% |
NBKC BANK | $545,000 | $465,000 | -14.7% | 0.1% |
AmeriHome Mortgage Company, LLC | $440,000 | $455,000 | 3.4% | 0.1% |
AMERICAN FINANCING CORPORATION | $1,235,000 | $440,000 | -64.4% | 0.1% |
Hometown Equity Mortgage, LLC | $435,000 | n/a | 0.1% | |
21ST MORTGAGE CORPORATION | $230,000 | $430,000 | 87.0% | 0.1% |
IMPAC MORTGAGE CORP. | $255,000 | $430,000 | 68.6% | 0.1% |
MASON MCDUFFIE MORTGAGE CORPORATION | $430,000 | n/a | 0.1% | |
Ixonia Bank | $425,000 | n/a | 0.1% | |
RANLIFE, INC. | $420,000 | $425,000 | 1.2% | 0.1% |
Stifel Bank and Trust | $470,000 | $415,000 | -11.7% | 0.1% |
FIRST COLONY MORTGAGE CORPORATION | $405,000 | n/a | 0.1% | |
FUNDLOANS CAPITAL | $405,000 | n/a | 0.1% | |
NEXERA HOLDING LLC | $735,000 | $405,000 | -44.9% | 0.1% |
PLANET HOME LENDING, LLC | $240,000 | $405,000 | 68.8% | 0.1% |
DRAPER AND KRAMER MORTGAGE CORP. | $395,000 | n/a | 0.1% | |
KELLER MORTGAGE, LLC | $750,000 | $395,000 | -47.3% | 0.1% |
Servion, Inc. | $165,000 | $380,000 | 130.3% | 0.1% |
Plains Commerce Bank | $375,000 | n/a | 0.1% | |
SWBC MORTGAGE CORPORATION | $375,000 | n/a | 0.1% | |
V.I.P. MORTGAGE, INC. | $375,000 | n/a | 0.1% | |
Boeing Employees Credit Union | $1,645,000 | $365,000 | -77.8% | 0.1% |
HOME MORTGAGE ALLIANCE, LLC | $365,000 | n/a | 0.1% | |
FIRST COMMUNITY | $1,355,000 | $355,000 | -73.8% | 0.1% |
Gallic & Johnson, LLC | $355,000 | n/a | 0.1% | |
TRIAD FINANCIAL SERVICES, INC. | $195,000 | $350,000 | 79.5% | 0.1% |
PANORAMA MORTGAGE GROUP, LLC | $185,000 | $345,000 | 86.5% | 0.1% |
CENTRAL WILLAMETTE Credit Union | $135,000 | $340,000 | 151.9% | 0.1% |
Equity Prime Mortgage LLC | $335,000 | n/a | 0.1% | |
ON Q FINANCIAL, INC. | $385,000 | $335,000 | -13.0% | 0.1% |
Operating Engineers Local Union #3 | $335,000 | n/a | 0.1% | |
WESCOM CENTRAL CREDIT UNION | $335,000 | n/a | 0.1% | |
NFM, INC. | $155,000 | $325,000 | 109.7% | 0.1% |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $2,960,000 | $315,000 | -89.4% | 0.1% |
M&T Bank | $315,000 | n/a | 0.1% | |
NETWORK CAPITAL FUNDING CORPORATION | $2,120,000 | $315,000 | -85.1% | 0.1% |
AXIA FINANCIAL, LLC | $1,540,000 | $305,000 | -80.2% | 0.1% |
EVERETT FINANCIAL, INC. | $305,000 | n/a | 0.1% | |
Low VA Rates, LLC | $655,000 | $305,000 | -53.4% | 0.1% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $495,000 | $305,000 | -38.4% | 0.1% |
ROUNDPOINT MORTGAGE SERVICING CORPORATION | $420,000 | $295,000 | -29.8% | 0.1% |
Carrington Mortgage Services, LLC | $1,845,000 | $290,000 | -84.3% | 0.1% |
COAST 2 COAST FUNDING GROUP, INC. | $285,000 | n/a | 0.1% | |
CONTOUR MORTGAGE CORPORATION | $285,000 | n/a | 0.1% | |
RBC Bank, (Georgia) | $285,000 | n/a | 0.1% | |
Strong Home Mortgage, LLC | $790,000 | $285,000 | -63.9% | 0.1% |
Lakeview Community Capital, LLC | $280,000 | n/a | 0.1% | |
LADERA LENDING, INC. | $445,000 | $275,000 | -38.2% | 0.1% |
ARC HOME LLC | $245,000 | $265,000 | 8.2% | 0.0% |
MID AMERICA MORTGAGE, INC. | $415,000 | $265,000 | -36.1% | 0.0% |
TOWER | $255,000 | n/a | 0.0% | |
Discover Bank | $150,000 | $245,000 | 63.3% | 0.0% |
LEADERONE FINANCIAL CORPORATION | $245,000 | n/a | 0.0% | |
NUMERICA CREDIT UNION | $245,000 | n/a | 0.0% | |
ALL REVERSE MORTGAGE, INC. | $235,000 | n/a | 0.0% | |
Citadel Servicing Corporation | $1,705,000 | $225,000 | -86.8% | 0.0% |
COLUMBIA COMMUNITY CREDIT UNION | $635,000 | $225,000 | -64.6% | 0.0% |
Colonial Savings, F.A. | $215,000 | n/a | 0.0% | |
People's Bank of Commerce | $165,000 | $215,000 | 30.3% | 0.0% |
CHARTWAY FEDERAL CREDIT UNION | $205,000 | n/a | 0.0% | |
LOANPAL, LLC | $435,000 | $205,000 | -52.9% | 0.0% |
Figure Lending LLC | $115,000 | $180,000 | 56.5% | 0.0% |
INTERCAP LENDING INC. | $370,000 | $175,000 | -52.7% | 0.0% |
QUORUM FEDERAL CREDIT UNION | $105,000 | $170,000 | 61.9% | 0.0% |
Arvest Bank | $145,000 | $165,000 | 13.8% | 0.0% |
The Central Trust Bank | $165,000 | $155,000 | -6.1% | 0.0% |
SOUND | $145,000 | n/a | 0.0% | |
Goldwater Bank, N.A. | $135,000 | n/a | 0.0% | |
Chickasaw Community Bank | $115,000 | $105,000 | -8.7% | 0.0% |
OREGONIANS CREDIT UNION | $215,000 | $85,000 | -60.5% | 0.0% |
ROYAL UNITED MORTGAGE LLC | $85,000 | n/a | 0.0% | |
USAGENCIES | $80,000 | n/a | 0.0% | |
PREMIER AMERICA | $505,000 | $75,000 | -85.1% | 0.0% |
HERITAGE GROVE Federal Credit Union | $65,000 | n/a | 0.0% | |
NuVision Federal Credit Union | $55,000 | n/a | 0.0% | |
NORTHWEST COMMUNITY | $515,000 | $25,000 | -95.1% | 0.0% |
Newport's top lender by overall market share is QUICKEN LOANS, LLC, with 5.4% market share. In second place, with 4.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $24,680,000 in loans. In third place, with 4.5%, is Umpqua Bank, having originated $24,500,000 in loans. In fourth place, with 3.5%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $19,415,000 in loans. In fifth place, with 3.5%, is U.S. Bank, having originated $19,330,000 in loans.
Newport Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Newport (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 | $375,000 (5.4%) | $453,890 (8.9%) | 0.00 | 517 |
2018-02-01 | $388,625 (8.0%) | $462,853 (9.8%) | 0.00 | 504 |
2018-03-01 | $386,250 (7.4%) | $460,699 (9.2%) | 0.00 | 534 |
2018-04-01 | $384,000 (6.8%) | $460,417 (10.7%) | 0.00 | 575 |
2018-05-01 | $383,000 (3.0%) | $468,496 (8.6%) | 0.00 | 604 |
2018-06-01 | $379,000 (3.3%) | $456,040 (5.3%) | 0.00 | 657 |
2018-07-01 | $381,250 (4.5%) | $463,328 (7.2%) | 0.00 | 659 |
2018-08-01 | $389,225 (3.8%) | $474,054 (7.6%) | 0.00 | 632 |
2018-09-01 | $396,450 (4.6%) | $472,458 (5.4%) | 0.00 | 618 |
2018-10-01 | $389,000 (0.0%) | $478,824 (5.5%) | 0.00 | 539 |
2018-11-01 | $397,350 (2.2%) | $484,360 (5.7%) | 0.00 | 503 |
2018-12-01 | $399,000 (3.9%) | $490,368 (7.5%) | 0.00 | 478 |
2019-01-01 | $399,000 (6.4%) | $496,574 (9.4%) | 0.00 | 430 |
2019-02-01 | $399,000 (2.7%) | $493,483 (6.6%) | 0.00 | 462 |
2019-03-01 | $403,050 (4.4%) | $484,367 (5.1%) | 0.00 | 480 |
2019-04-01 | $407,775 (6.2%) | $481,746 (4.6%) | 0.00 | 495 |
2019-05-01 | $399,450 (4.3%) | $460,673 (-1.7%) | 0.00 | 510 |
2019-06-01 | $399,000 (5.3%) | $463,723 (1.7%) | 0.00 | 551 |
2019-07-01 | $399,000 (4.7%) | $466,571 (0.7%) | 0.00 | 573 |
2019-08-01 | $396,273 (1.8%) | $460,782 (-2.8%) | 0.00 | 573 |
2019-09-01 | $392,182 (-1.1%) | $457,900 (-3.1%) | 0.00 | 561 |
2019-10-01 | $389,955 (0.3%) | $460,980 (-3.7%) | 0.00 | 549 |
2019-11-01 | $399,000 (0.4%) | $479,899 (-0.9%) | 0.00 | 494 |
2019-12-01 | $399,450 (0.1%) | $485,561 (-1.0%) | 0.00 | 430 |
2020-01-01 | $399,500 (0.1%) | $490,311 (-1.3%) | 0.00 | 386 |
2020-02-01 | $384,900 (-3.5%) | $480,514 (-2.6%) | 0.00 | 379 |
2020-03-01 | $383,225 (-4.9%) | $471,180 (-2.7%) | 0.00 | 417 |
2020-04-01 | $377,450 (-7.4%) | $466,095 (-3.3%) | 0.00 | 420 |
2020-05-01 | $387,000 (-3.1%) | $476,645 (3.5%) | 0.00 | 410 |
2020-06-01 | $392,000 (-1.8%) | $471,174 (1.6%) | 0.00 | 396 |
2020-07-01 | $406,000 (1.8%) | $493,002 (5.7%) | 0.00 | 365 |
2020-08-01 | $445,000 (12.3%) | $532,207 (15.5%) | 0.00 | 275 |
2020-09-01 | $446,700 (13.9%) | $551,727 (20.5%) | 0.00 | 232 |
2020-10-01 | $445,000 (14.1%) | $563,832 (22.3%) | 0.00 | 223 |
2020-11-01 | $442,475 (10.9%) | $561,956 (17.1%) | 0.00 | 199 |
2020-12-01 | $442,325 (10.7%) | $575,561 (18.5%) | 0.00 | 162 |
2021-01-01 | $499,950 (25.1%) | $587,175 (19.8%) | 0.00 | 115 |
2021-02-01 | $455,075 (18.2%) | $613,879 (27.8%) | 0.00 | 121 |
2021-03-01 | $472,225 (23.2%) | $601,227 (27.6%) | 0.00 | 128 |
2021-04-01 | $532,250 (41.0%) | $651,099 (39.7%) | 0.00 | 150 |
2021-05-01 | $533,000 (37.7%) | $677,225 (42.1%) | 0.00 | 151 |
2021-06-01 | $555,000 (41.6%) | $685,657 (45.5%) | 0.00 | 165 |
2021-07-01 | $530,000 (30.5%) | $664,561 (34.8%) | 0.00 | 178 |
2021-08-01 | $571,250 (28.4%) | $722,649 (35.8%) | 0.00 | 183 |
2021-09-01 | $584,475 (30.8%) | $724,435 (31.3%) | 0.00 | 183 |
2021-10-01 | $580,100 (30.4%) | $737,576 (30.8%) | 0.00 | 171 |
2021-11-01 | $566,975 (28.1%) | $730,956 (30.1%) | 0.00 | 160 |
2021-12-01 | $573,725 (29.7%) | $751,893 (30.6%) | 0.00 | 124 |
2022-01-01 | $569,900 (14.0%) | $731,461 (24.6%) | 0.00 | 124 |
2022-02-01 | $583,725 (28.3%) | $703,729 (14.6%) | 0.00 | 117 |
2022-03-01 | $546,800 (15.8%) | $682,830 (13.6%) | 0.00 | 121 |
2022-04-01 | $599,900 (12.7%) | $696,465 (7.0%) | 0.00 | 139 |
2022-05-01 | $599,000 (12.4%) | $648,464 (-4.3%) | 0.00 | 173 |
2022-06-01 | $542,000 (-2.3%) | $620,554 (-9.5%) | 0.00 | 226 |
2022-07-01 | $550,000 (3.8%) | $645,046 (-2.9%) | 0.00 | 277 |
2022-08-01 | $599,000 (4.9%) | $698,617 (-3.3%) | 0.00 | 297 |
2022-09-01 | $572,719 (-2.0%) | $691,819 (-4.5%) | 0.00 | 291 |
2022-10-01 | $549,500 (-5.3%) | $673,715 (-8.7%) | 0.00 | 273 |
2022-11-01 | $538,500 (-5.0%) | $642,340 (-12.1%) | 0.00 | 258 |
2022-12-01 | $529,000 (-7.8%) | $653,006 (-13.2%) | 0.00 | 238 |
2023-01-01 | $507,500 (-11.0%) | $641,762 (-12.3%) | 0.00 | 218 |
2023-02-01 | $522,500 (-10.5%) | $676,059 (-3.9%) | 0.00 | 218 |
2023-03-01 | $583,750 (6.8%) | $708,357 (3.7%) | 0.00 | 229 |
2023-04-01 | $591,950 (-1.3%) | $708,985 (1.8%) | 0.00 | 243 |
2023-05-01 | $616,750 (3.0%) | $718,604 (10.8%) | 0.00 | 268 |
2023-06-01 | $599,450 (10.6%) | $719,540 (16.0%) | 0.00 | 319 |
2023-07-01 | $599,900 (9.1%) | $707,213 (9.6%) | 0.00 | 378 |
2023-08-01 | $587,000 (-2.0%) | $687,922 (-1.5%) | 0.00 | 375 |
2023-09-01 | $589,000 (2.8%) | $693,437 (0.2%) | 0.00 | 355 |
2023-10-01 | $596,000 (8.5%) | $700,586 (4.0%) | 0.00 | 350 |
Newport's median listing price comes in at 0% of the national average.
Newport's average listing price for 2023-10-01 was $700,586, a difference of $26,871 (4.0%) versus the prior year and $7,149 versus the prior month.
For the 2023-10-01 period, Newport had 350 MLS listings, a difference of -5 listings (-1%) versus the prior month and 77 listings (28%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Newport (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,856 sqft |
2018-02-01 | 0 days | 1,868 sqft |
2018-03-01 | 0 days | 1,848 sqft |
2018-04-01 | 0 days | 1,835 sqft |
2018-05-01 | 0 days | 1,858 sqft |
2018-06-01 | 0 days | 1,812 sqft |
2018-07-01 | 0 days | 1,844 sqft |
2018-08-01 | 0 days | 1,860 sqft |
2018-09-01 | 0 days | 1,835 sqft |
2018-10-01 | 0 days | 1,864 sqft |
2018-11-01 | 0 days | 1,855 sqft |
2018-12-01 | 0 days | 1,810 sqft |
2019-01-01 | 0 days | 1,836 sqft |
2019-02-01 | 0 days | 1,797 sqft |
2019-03-01 | 0 days | 1,813 sqft |
2019-04-01 | 0 days | 1,805 sqft |
2019-05-01 | 0 days | 1,764 sqft |
2019-06-01 | 0 days | 1,820 sqft |
2019-07-01 | 0 days | 1,803 sqft |
2019-08-01 | 0 days | 1,759 sqft |
2019-09-01 | 0 days | 1,738 sqft |
2019-10-01 | 0 days | 1,733 sqft |
2019-11-01 | 0 days | 1,750 sqft |
2019-12-01 | 0 days | 1,752 sqft |
2020-01-01 | 0 days | 1,754 sqft |
2020-02-01 | 0 days | 1,702 sqft |
2020-03-01 | 0 days | 1,704 sqft |
2020-04-01 | 0 days | 1,687 sqft |
2020-05-01 | 0 days | 1,684 sqft |
2020-06-01 | 0 days | 1,691 sqft |
2020-07-01 | 0 days | 1,740 sqft |
2020-08-01 | 0 days | 1,782 sqft |
2020-09-01 | 0 days | 1,787 sqft |
2020-10-01 | 0 days | 1,807 sqft |
2020-11-01 | 0 days | 1,805 sqft |
2020-12-01 | 0 days | 1,908 sqft |
2021-01-01 | 0 days | 1,858 sqft |
2021-02-01 | 0 days | 1,733 sqft |
2021-03-01 | 0 days | 1,840 sqft |
2021-04-01 | 0 days | 1,828 sqft |
2021-05-01 | 0 days | 1,792 sqft |
2021-06-01 | 0 days | 1,786 sqft |
2021-07-01 | 0 days | 1,792 sqft |
2021-08-01 | 0 days | 1,868 sqft |
2021-09-01 | 0 days | 1,886 sqft |
2021-10-01 | 0 days | 1,907 sqft |
2021-11-01 | 0 days | 1,876 sqft |
2021-12-01 | 0 days | 1,897 sqft |
2022-01-01 | 0 days | 1,751 sqft |
2022-02-01 | 0 days | 1,744 sqft |
2022-03-01 | 0 days | 1,686 sqft |
2022-04-01 | 0 days | 1,736 sqft |
2022-05-01 | 0 days | 1,665 sqft |
2022-06-01 | 0 days | 1,600 sqft |
2022-07-01 | 0 days | 1,652 sqft |
2022-08-01 | 0 days | 1,679 sqft |
2022-09-01 | 0 days | 1,667 sqft |
2022-10-01 | 0 days | 1,636 sqft |
2022-11-01 | 0 days | 1,595 sqft |
2022-12-01 | 0 days | 1,553 sqft |
2023-01-01 | 0 days | 1,572 sqft |
2023-02-01 | 0 days | 1,615 sqft |
2023-03-01 | 0 days | 1,654 sqft |
2023-04-01 | 0 days | 1,677 sqft |
2023-05-01 | 0 days | 1,712 sqft |
2023-06-01 | 0 days | 1,674 sqft |
2023-07-01 | 0 days | 1,684 sqft |
2023-08-01 | 0 days | 1,666 sqft |
2023-09-01 | 0 days | 1,705 sqft |
2023-10-01 | 0 days | 1,726 sqft |
Newport's median square footage for active listings during the 2023-10-01 period was 1,726 sqft. One year prior, the average listing was 1,636 sqft.
Newport, OR Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 869 | $351,725,000 | $404,747 |
Cash Out Refi | 339 | $98,305,000 | $289,985 |
Refi | 240 | $60,410,000 | $251,708 |
Home Improvement | 168 | $18,590,000 | $110,655 |
Other | 127 | $19,255,000 | $151,614 |
Newport's most frequently cited loan purpose was Home Purchase, with 869 originations. The 2nd most popular reason was Cash Out Refi, with 339 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 461 | $136,485,000 | $296,063 |
5-6% | 418 | $149,020,000 | $356,507 |
4-5% | 381 | $130,875,000 | $343,504 |
6-7% | 210 | $61,680,000 | $293,714 |
2.5-3% | 119 | $30,965,000 | $260,210 |
7-8% | 89 | $21,215,000 | $238,371 |
<2.5% | 39 | $12,445,000 | $319,103 |
Over 8% | 23 | $5,305,000 | $230,652 |
During 2022, Newport's most frequently originated rate bucket was 3-4%, with 461 originations.
Loan Sizing (Newport, OR MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 779 | $230,015,000 | $295,270 |
$100k-200k | 319 | $47,355,000 | $148,448 |
$400k-600k | 309 | $147,425,000 | $477,104 |
$100,000 or less | 217 | $12,255,000 | $56,475 |
$600k-1000k | 102 | $70,850,000 | $694,608 |
$Over $1MM | 17 | $40,385,000 | $2,375,588 |
Newport's loan sizing saw the bucket of loans from $200k-400k with 779 originations, totaling $230,015,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
60-80% | 500 | $218,410,000 | $436,820 |
80-100% | 433 | $168,685,000 | $389,573 |
40-60% | 329 | $96,665,000 | $293,815 |
20-40% | 249 | $42,765,000 | $171,747 |
Under 20% | 208 | $14,330,000 | $68,894 |
Over 100% | 13 | $5,075,000 | $390,385 |
Newport's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 500 originations, totaling $218,410,000 in origination value.