Newport Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Newport averaged 7.07% for the week of 2024-06-13, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-06) was 7.01% and one month ago for the week of 2024-05-09, the average rate was 7.11%.

Newport's average rate one year ago was 6.63%.

For refis of the same type during the week of 2024-06-13, the average rate was 6.85%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-13 6.95%
Newport 30 Year Fixed Rate 2024-06-13 7.07%
Newport 30 Year Fixed Rate Refi 2024-06-13 6.85%
Newport 15 Year Fixed Rate 2024-06-13 5.97%
Newport 15 Year Fixed Rate Refi 2024-06-13 6.67%
Newport 30 Year FHA 2024-06-13 6.51%
Newport 30 Year FHA Refi 2024-06-13 6.91%
Newport 30 Year USDA 2024-06-13 6.91%
Newport 30 Year USDA Refi 2024-06-13 6.61%
Newport 30 Year VA 2024-06-13 6.52%
Newport 30 Year VA Refi 2024-06-13 6.22%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Newport, OR.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 35 7.28% $9,109
CROSSCOUNTRY MORTGAGE, LLC 30 6.94% $7,860
QUICKEN LOANS, LLC 28 6.72% $8,980
UNITED WHOLESALE MORTGAGE, LLC 23 6.95% $8,048
Umpqua Bank 19 6.96% $7,429
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 16 6.68% $9,833
Sierra Pacific Mortgage Company, Inc. 15 6.16% $9,777
NEWREZ LLC 12 6.87% $10,057
Oregon State Credit Union 11 6.69% $6,306
U.S. Bank 10 6.75% $7,464
CHURCHILL MORTGAGE CORPORATION 10 7.34% $8,813
Century Mortgage Company DBA Century Lending Company 10 6.17% $9,753
OnPoint Community Credit Union 10 6.63% $6,038
LPMC, LLC 10 6.64% $7,483
MOVEMENT MORTGAGE, LLC 9 7.04% $9,041
Washington Federal Bank 8 7.03% $11,976
NATIONS DIRECT MORTGAGE, LLC 8 6.93% $5,362
DIRECTORS MORTGAGE, INC. 8 7.11% $10,547
LOANDEPOT.COM, LLC 8 6.94% $8,627
Wells Fargo Bank 7 6.68% $4,538
S1L, Inc. 6 7.10% $8,301
JPMorgan Chase Bank 6 6.79% $7,427
PACIFIC RESIDENTIAL MORTGAGE, LLC 6 6.88% $10,083
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 7.03% $9,032
USAA Federal Savings Bank 5 6.85% $5,837
Mr. Cooper ( Nationstar Mortgage ) 5 6.42% $10,972
MORTGAGE EXPRESS, LLC 5 7.20% $7,882
MANN FINANCIAL INC. 5 6.88% $12,067
CMG MORTGAGE, INC. 5 6.97% $7,315
PENNYMAC LOAN SERVICES, LLC 5 6.32% $13,513
ACADEMY MORTGAGE CORPORATION 4 6.19% $9,969
Bank of America 4 6.47% $7,612
RED CANOE CREDIT UNION 4 5.94% $17,794
FIBRE FEDERAL CREDIT UNION 4 6.25% $5,307
GUARANTEED RATE, INC. 4 6.69% $6,442
SUMMIT FUNDING, INC. 4 7.03% $12,247
UNION HOME MORTGAGE CORP. 3 7.17% $5,905
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 7.29% $9,041
PANORAMA MORTGAGE GROUP, LLC 3 7.25% $9,601
Banner Bank 3 6.83% $6,189
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 7.13% $11,426
AMERICAN PACIFIC MORTGAGE CORPORATION 3 7.17% $8,156
SUCCESS MORTGAGE PARTNERS, INC. 3 7.29% $10,435
The Federal Savings Bank 3 7.08% $4,877
BMO Harris Bank 3 6.75% $4,035
ARC HOME LLC 3 7.25% $8,582
MASON MCDUFFIE MORTGAGE CORPORATION 3 6.92% $11,523
NAVY FEDERAL CREDIT UNION 3 6.75% $6,725
CALIBER HOME LOANS, INC. 2 6.81% $7,829
COLUMBIA COMMUNITY CREDIT UNION 2 8.06% $8,649
OREGON COMMUNITY 2 6.81% $6,333
Northpointe Bank 2 6.56% $4,963
FIRST TECHNOLOGY 2 6.38% $9,279
BETTER MORTGAGE CORPORATION 2 6.69% $8,866
CORNERSTONE HOME LENDING, INC. 2 7.19% $13,923
Morgan Stanley Private Bank 2 6.34% $3,609
SUMMIT MORTGAGE CORPORATION 2 7.00% $13,539
Mortgage Research Center, LLC 2 6.75% $0
First-Citizens Bank & Trust Company 2 5.76% $9,877
PROVIDENT FUNDING ASSOCIATES, L.P. 2 7.25% $4,569
Farmers Bank & Trust 2 6.44% $4,756
Nations Lending Corporation 2 6.69% $6,347
CARDINAL FINANCIAL 2 5.81% $8,131
HomeStreet Bank 2 6.94% $5,449
CANOPY MORTGAGE, LLC 2 6.88% $5,750
ZILLOW HOME LOANS, LLC 1 7.50% $7,104
ALAMEDA MORTGAGE CORPORATION 1 7.50% $8,550
ALLIED MORTGAGE GROUP, INC. 1 6.00% $4,083
American Mortgage & Equity Consultants, Inc. 1 6.25% $13,409
AMERISAVE MORTGAGE CORPORATION 1 5.99% $7,604
BAY-VALLEY MORTGAGE GROUP 1 6.75% $3,598
City National Bank 1 8.45% $3,934
Core Bank 1 6.00% $5,211
DRAPER AND KRAMER MORTGAGE CORP. 1 6.50% $4,144
ENVOY MORTGAGE, LTD 1 7.38% $8,406
Evolve Bank & Trust 1 7.13% $5,082
FIRST COMMUNITY 1 8.63% $6,500
First Federal Bank 1 6.50% $4,416
Flagstar Bank, FSB 1 7.63% $6,820
FOUNDATION MORTGAGE CORPORATION 1 8.38% $12,154
General Mortgage Capital Corporation 1 6.49% $15,711
HOMEXPRESS MORTGAGE CORP. 1 7.88% $84,133
HORIZON 1 7.75% $5,194
IDAHO CENTRAL 1 6.88% $10,045
iQ Credit Union 1 6.25% $2,961
KeyBank 1 6.63% $11,428
KINECTA 1 5.00% $11,460
LAKEVIEW LOAN SERVICING, LLC 1 6.38% $6,663
NETWORK CAPITAL FUNDING CORPORATION 1 7.25% $8,083
Northwest Farm Credit Services, FLCA 1 7.05% $14,483
NOVA FINANCIAL & INVESTMENT CORPORATION 1 8.13% $4,166
NP, Inc. 1 8.00% $12,976
ON Q FINANCIAL, INC. 1 7.13% $10,102
ONY GLO, INC. 1 7.63% $7,967
Paramount Residential Mortgage Group, Inc. 1 7.13% $19,114
PENRITH HOME LOANS LLC 1 6.99% $5,346
PNC Bank 1 5.63% $10,545
PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.13% $12,504
Rivermark Community Credit Union 1 7.63% $7,203
ROGUE 1 6.63% $4,506
T2 FINANCIAL LLC 1 7.00% $3,960
The Loan Store, Inc. 1 7.13% $17,748
TRIAD FINANCIAL SERVICES, INC. 1 7.38% $16,891
Waterstone Mortgage Corporation 1 7.75% $5,785
Willamette Valley Bank 1 7.13% $8,190
1st Security Bank of Washington 1 6.75% $4,638

Newport Average Closing Costs & Other Stats

Newport, OR's 106 lenders originated 1,053 loans during 2023. The total origination value was $300,315,000, with an average loan value of $285,199.

Newport's average closing costs are $6,412.

The top Newport lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 35 loans originated. Their average total fees are $9,109, which is $1,249 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Newport lenders (with over 10 loans originated) are OnPoint Community Credit Union ($6,038), Oregon State Credit Union ($6,306), Umpqua Bank ($7,429), U.S. Bank ($7,464) and LPMC, LLC ($7,483).

The lowest rate Newport lenders (with over 10 loans originated) are Sierra Pacific Mortgage Company, Inc. (6.16%), Century Mortgage Company DBA Century Lending Company (6.17%), OnPoint Community Credit Union (6.63%), LPMC, LLC (6.64%) and EVERGREEN MONEYSOURCE MORTGAGE COMPANY (6.68%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
CROSSCOUNTRY MORTGAGE, LLC $19,415,000 $15,185,000 -21.8% 5.1%
GUILD MORTGAGE COMPANY $17,210,000 $14,625,000 -15.0% 4.9%
QUICKEN LOANS, LLC $29,880,000 $14,070,000 -52.9% 4.7%
Umpqua Bank $24,500,000 $13,825,000 -43.6% 4.6%
UNITED WHOLESALE MORTGAGE, LLC $24,680,000 $12,980,000 -47.4% 4.3%
EVERGREEN MONEYSOURCE MORTGAGE COMPANY $17,015,000 $10,800,000 -36.5% 3.6%
U.S. Bank $19,330,000 $9,180,000 -52.5% 3.1%
Oregon State Credit Union $9,910,000 $8,425,000 -15.0% 2.8%
Sierra Pacific Mortgage Company, Inc. $12,320,000 $7,180,000 -41.7% 2.4%
CHURCHILL MORTGAGE CORPORATION $8,275,000 $6,080,000 -26.5% 2.0%
NEWREZ LLC $2,415,000 $5,795,000 140.0% 1.9%
OnPoint Community Credit Union $11,415,000 $5,540,000 -51.5% 1.8%
LPMC, LLC $8,850,000 $5,170,000 -41.6% 1.7%
Washington Federal Bank $10,630,000 $5,055,000 -52.4% 1.7%
FIBRE FEDERAL CREDIT UNION $8,910,000 $5,020,000 -43.7% 1.7%
Century Mortgage Company DBA Century Lending Company $480,000 $4,925,000 926.0% 1.6%
Wells Fargo Bank $13,190,000 $4,490,000 -66.0% 1.5%
MANN FINANCIAL INC. $2,465,000 $4,230,000 71.6% 1.4%
NATIONS DIRECT MORTGAGE, LLC $4,940,000 $4,150,000 -16.0% 1.4%
Bank of America $4,130,000 $4,130,000 0.0% 1.4%
HOMEXPRESS MORTGAGE CORP. $760,000 $3,890,000 411.8% 1.3%
MOVEMENT MORTGAGE, LLC $6,255,000 $3,365,000 -46.2% 1.1%
First Federal $3,285,000 n/a 1.1%
DIRECTORS MORTGAGE, INC. $7,040,000 $3,230,000 -54.1% 1.1%
PENNYMAC LOAN SERVICES, LLC $4,570,000 $3,220,000 -29.5% 1.1%
BMO Harris Bank $3,155,000 n/a 1.1%
JPMorgan Chase Bank $4,575,000 $3,015,000 -34.1% 1.0%
S1L, Inc. $1,850,000 $3,010,000 62.7% 1.0%
Mr. Cooper ( Nationstar Mortgage ) $3,680,000 $2,940,000 -20.1% 1.0%
USAA Federal Savings Bank $2,505,000 $2,780,000 11.0% 0.9%
CMG MORTGAGE, INC. $4,310,000 $2,675,000 -37.9% 0.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $7,530,000 $2,510,000 -66.7% 0.8%
ACADEMY MORTGAGE CORPORATION $3,085,000 $2,490,000 -19.3% 0.8%
Commerce Home Mortgage, Inc. $2,610,000 $2,395,000 -8.2% 0.8%
LOANDEPOT.COM, LLC $9,830,000 $2,250,000 -77.1% 0.7%
ENVOY MORTGAGE, LTD $3,205,000 $2,195,000 -31.5% 0.7%
NAVY FEDERAL CREDIT UNION $2,115,000 $2,060,000 -2.6% 0.7%
RED CANOE CREDIT UNION $910,000 $2,030,000 123.1% 0.7%
MUTUAL OF OMAHA MORTGAGE, INC. $2,465,000 $1,975,000 -19.9% 0.7%
MORTGAGE EXPRESS, LLC $2,865,000 $1,965,000 -31.4% 0.7%
PACIFIC RESIDENTIAL MORTGAGE, LLC $1,325,000 $1,885,000 42.3% 0.6%
First-Citizens Bank & Trust Company $1,850,000 n/a 0.6%
Charles Schwab Bank, SSB $2,220,000 $1,710,000 -23.0% 0.6%
Banner Bank $2,845,000 $1,675,000 -41.1% 0.6%
CALIBER HOME LOANS, INC. $13,280,000 $1,650,000 -87.6% 0.5%
Willamette Valley Bank $2,195,000 $1,605,000 -26.9% 0.5%
SUMMIT FUNDING, INC. $3,645,000 $1,535,000 -57.9% 0.5%
TRIAD FINANCIAL SERVICES, INC. $350,000 $1,535,000 338.6% 0.5%
MASON MCDUFFIE MORTGAGE CORPORATION $430,000 $1,495,000 247.7% 0.5%
1st Security Bank of Washington $2,380,000 $1,430,000 -39.9% 0.5%
Mortgage Research Center, LLC $5,640,000 $1,420,000 -74.8% 0.5%
OREGON COMMUNITY $2,080,000 $1,410,000 -32.2% 0.5%
CORNERSTONE HOME LENDING, INC. $1,385,000 n/a 0.5%
GUARANTEED RATE, INC. $2,255,000 $1,380,000 -38.8% 0.5%
ARC HOME LLC $265,000 $1,315,000 396.2% 0.4%
FIRST TECHNOLOGY $4,950,000 $1,315,000 -73.4% 0.4%
Heritage Bank $535,000 $1,280,000 139.3% 0.4%
Morgan Stanley Private Bank $1,180,000 $1,280,000 8.5% 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,840,000 $1,275,000 -30.7% 0.4%
Flagstar Bank, FSB $8,035,000 $1,245,000 -84.5% 0.4%
Zions Bank $990,000 $1,210,000 22.2% 0.4%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,970,000 $1,190,000 -39.6% 0.4%
FREEDOM MORTGAGE CORPORATION $4,845,000 $1,185,000 -75.5% 0.4%
The Federal Savings Bank $1,055,000 $1,110,000 5.2% 0.4%
HomeStreet Bank $17,755,000 $1,105,000 -93.8% 0.4%
PROVIDENT FUNDING ASSOCIATES, L.P. $1,090,000 n/a 0.4%
PANORAMA MORTGAGE GROUP, LLC $345,000 $1,075,000 211.6% 0.4%
Nations Lending Corporation $2,270,000 $1,065,000 -53.1% 0.4%
SUCCESS MORTGAGE PARTNERS, INC. $1,055,000 n/a 0.4%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $850,000 $995,000 17.1% 0.3%
UNION HOME MORTGAGE CORP. $965,000 n/a 0.3%
CALCON MUTUAL MORTGAGE LLC $925,000 n/a 0.3%
Northwest Farm Credit Services, FLCA $705,000 $905,000 28.4% 0.3%
SUMMIT MORTGAGE CORPORATION $1,155,000 $895,000 -22.5% 0.3%
KINECTA $815,000 n/a 0.3%
CARDINAL FINANCIAL $1,520,000 $775,000 -49.0% 0.3%
AMERICAN HERITAGE LENDING, INC. $755,000 n/a 0.3%
Hometown Equity Mortgage, LLC $435,000 $745,000 71.3% 0.2%
Farmers Bank & Trust $730,000 n/a 0.2%
ON Q FINANCIAL, INC. $335,000 $730,000 117.9% 0.2%
IDAHO CENTRAL $1,150,000 $725,000 -37.0% 0.2%
ONY GLO, INC. $850,000 $725,000 -14.7% 0.2%
SAMMAMISH MORTGAGE COMPANY $485,000 $725,000 49.5% 0.2%
American Airlines Federal Credit Union $580,000 $720,000 24.1% 0.2%
BETTER MORTGAGE CORPORATION $1,175,000 $720,000 -38.7% 0.2%
COREVEST AMERICAN FINANCE LENDER LLC $705,000 n/a 0.2%
FINANCE OF AMERICA REVERSE LLC $685,000 n/a 0.2%
COLUMBIA COMMUNITY CREDIT UNION $225,000 $680,000 202.2% 0.2%
NEW DAY FINANCIAL, LLC $2,030,000 $660,000 -67.5% 0.2%
Discover Bank $245,000 $655,000 167.3% 0.2%
First Interstate Bank $1,980,000 $650,000 -67.2% 0.2%
PNC Bank $620,000 n/a 0.2%
FIRST COMMUNITY $355,000 $605,000 70.4% 0.2%
Bank of the West $6,300,000 $575,000 -90.9% 0.2%
Northpointe Bank $790,000 $550,000 -30.4% 0.2%
Paramount Residential Mortgage Group, Inc. $830,000 $525,000 -36.7% 0.2%
EVERETT FINANCIAL, INC. $305,000 $520,000 70.5% 0.2%
KeyBank $5,085,000 $505,000 -90.1% 0.2%
MID AMERICA MORTGAGE, INC. $265,000 $490,000 84.9% 0.2%
VERITAS FUNDING, LLC $640,000 $485,000 -24.2% 0.2%
General Mortgage Capital Corporation $475,000 n/a 0.2%
SUN WEST MORTGAGE COMPANY, INC. $490,000 $475,000 -3.1% 0.2%
PREMIER MORTGAGE RESOURCES, L.L.C. $1,150,000 $465,000 -59.6% 0.2%
ALLIED MORTGAGE GROUP, INC. $455,000 n/a 0.2%
Evolve Bank & Trust $455,000 n/a 0.2%
PHH Mortgage Corporation $1,015,000 $450,000 -55.7% 0.1%
ROGUE $665,000 $450,000 -32.3% 0.1%
T2 FINANCIAL LLC $445,000 n/a 0.1%
iQ Credit Union $590,000 $430,000 -27.1% 0.1%
Plains Commerce Bank $375,000 $430,000 14.7% 0.1%
People's Bank of Commerce $215,000 $425,000 97.7% 0.1%
Citadel Servicing Corporation $225,000 $420,000 86.7% 0.1%
PLAZA HOME MORTGAGE, INC. $590,000 $415,000 -29.7% 0.1%
CANOPY MORTGAGE, LLC $575,000 $410,000 -28.7% 0.1%
Figure Lending LLC $180,000 $410,000 127.8% 0.1%
NP, Inc. $405,000 n/a 0.1%
The Loan Store, Inc. $405,000 n/a 0.1%
INTERCAP LENDING INC. $175,000 $395,000 125.7% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $855,000 $380,000 -55.6% 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $375,000 n/a 0.1%
City National Bank $365,000 n/a 0.1%
FOUNDATION MORTGAGE CORPORATION $365,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $365,000 n/a 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $395,000 $355,000 -10.1% 0.1%
Glacier Bank $355,000 n/a 0.1%
MOUNTAIN AMERICA $470,000 $350,000 -25.5% 0.1%
GENEVA FINANCIAL, LLC $730,000 $345,000 -52.7% 0.1%
NOVA FINANCIAL & INVESTMENT CORPORATION $345,000 n/a 0.1%
COMMUNITY MORTGAGE FUNDING, LLC $335,000 n/a 0.1%
NEXERA HOLDING LLC $405,000 $325,000 -19.8% 0.1%
ALAMEDA MORTGAGE CORPORATION $315,000 n/a 0.1%
PENRITH HOME LOANS LLC $315,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $1,750,000 $315,000 -82.0% 0.1%
Rivermark Community Credit Union $875,000 $310,000 -64.6% 0.1%
American Mortgage & Equity Consultants, Inc. $305,000 n/a 0.1%
BAY-VALLEY MORTGAGE GROUP $305,000 n/a 0.1%
M&T Bank $315,000 $305,000 -3.2% 0.1%
OPEN MORTGAGE, LLC $1,250,000 $305,000 -75.6% 0.1%
HomeTrust Bank $290,000 n/a 0.1%
Qualstar Credit Union $285,000 n/a 0.1%
Waterstone Mortgage Corporation $285,000 n/a 0.1%
Coastal Community Bank $280,000 n/a 0.1%
Equity Prime Mortgage LLC $335,000 $275,000 -17.9% 0.1%
AMERICAN FINANCING CORPORATION $440,000 $265,000 -39.8% 0.1%
AMERISAVE MORTGAGE CORPORATION $4,980,000 $265,000 -94.7% 0.1%
SELCO COMMUNITY $505,000 $260,000 -48.5% 0.1%
Barrington Bank & Trust Company, N.A. $1,085,000 $255,000 -76.5% 0.1%
ALL REVERSE MORTGAGE, INC. $235,000 $225,000 -4.3% 0.1%
Core Bank $225,000 n/a 0.1%
GEORGIA'S OWN $205,000 n/a 0.1%
MARION AND POLK SCHOOLS CREDIT UNION $860,000 $205,000 -76.2% 0.1%
Alaska USA Federal Credit Union $195,000 n/a 0.1%
CHARTWAY FEDERAL CREDIT UNION $205,000 $195,000 -4.9% 0.1%
NETWORK CAPITAL FUNDING CORPORATION $315,000 $195,000 -38.1% 0.1%
TWINSTAR $195,000 n/a 0.1%
North American Savings Bank, F.S.B. $1,325,000 $185,000 -86.0% 0.1%
HERITAGE GROVE Federal Credit Union $65,000 $175,000 169.2% 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,085,000 $175,000 -83.9% 0.1%
LIMA ONE CAPITAL, LLC $165,000 n/a 0.1%
Unitus Community Credit Union $815,000 $150,000 -81.6% 0.0%
HORIZON $145,000 n/a 0.0%
GTE Federal Credit Union $140,000 n/a 0.0%
ADVANTIS $510,000 $125,000 -75.5% 0.0%
CHERRY CREEK MORTGAGE, LLC $980,000 $115,000 -88.3% 0.0%
Chickasaw Community Bank $105,000 $105,000 0.0% 0.0%
Citizens Bank $105,000 n/a 0.0%
First Federal Bank $105,000 n/a 0.0%
21ST MORTGAGE CORPORATION $430,000 $95,000 -77.9% 0.0%
Mid Oregon Federal Credit Union $85,000 n/a 0.0%
CENTRAL WILLAMETTE Credit Union $340,000 $75,000 -77.9% 0.0%
WASHINGTON STATE EMPLOYEES Credit Union $525,000 $65,000 -87.6% 0.0%
Boeing Employees Credit Union $365,000 $60,000 -83.6% 0.0%
Lakeview Community Capital, LLC $280,000 $55,000 -80.4% 0.0%
OREGONIANS CREDIT UNION $85,000 $55,000 -35.3% 0.0%
SPRING EQ, LLC $490,000 $55,000 -88.8% 0.0%
Pacific NW Federal Credit Union $35,000 n/a 0.0%

Newport's top lender by overall market share is CROSSCOUNTRY MORTGAGE, LLC, with 5.1% market share. In second place, with 4.9%, is GUILD MORTGAGE COMPANY, having originated $14,625,000 in loans. In third place, with 4.7%, is QUICKEN LOANS, LLC, having originated $14,070,000 in loans. In fourth place, with 4.6%, is Umpqua Bank, having originated $13,825,000 in loans. In fifth place, with 4.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $12,980,000 in loans.


Newport Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Newport (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 $375,975 (5.7%) $456,681 (9.6%) 0.00 518
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%) $460,597 (10.8%) 0.00 575
2018-05-01 $384,500 (3.4%) $468,669 (8.6%) 0.00 604
2018-06-01 $379,000 (3.3%) $455,888 (5.2%) 0.00 656
2018-07-01 $382,000 (4.7%) $463,188 (7.2%) 0.00 658
2018-08-01 $389,500 (3.9%) $473,924 (7.5%) 0.00 631
2018-09-01 $397,900 (5.0%) $472,326 (5.3%) 0.00 617
2018-10-01 $389,000 (0.0%) $478,352 (4.9%) 0.00 539
2018-11-01 $396,250 (1.8%) $484,038 (5.1%) 0.00 502
2018-12-01 $399,000 (3.8%) $490,034 (6.9%) 0.00 477
2019-01-01 $399,000 (6.1%) $496,256 (8.7%) 0.00 429
2019-02-01 $399,000 (2.7%) $494,402 (6.8%) 0.00 462
2019-03-01 $402,429 (4.2%) $486,238 (5.5%) 0.00 480
2019-04-01 $406,429 (5.8%) $483,405 (5.0%) 0.00 496
2019-05-01 $399,450 (3.9%) $462,321 (-1.4%) 0.00 510
2019-06-01 $399,000 (5.3%) $465,158 (2.0%) 0.00 552
2019-07-01 $399,000 (4.5%) $467,988 (1.0%) 0.00 574
2019-08-01 $396,273 (1.7%) $463,810 (-2.1%) 0.00 575
2019-09-01 $392,182 (-1.4%) $462,999 (-2.0%) 0.00 563
2019-10-01 $392,455 (0.9%) $467,519 (-2.3%) 0.00 551
2019-11-01 $399,000 (0.7%) $485,254 (0.3%) 0.00 495
2019-12-01 $399,475 (0.1%) $491,619 (0.3%) 0.00 431
2020-01-01 $399,500 (0.1%) $497,139 (0.2%) 0.00 387
2020-02-01 $384,950 (-3.5%) $487,382 (-1.4%) 0.00 380
2020-03-01 $384,225 (-4.5%) $474,460 (-2.4%) 0.00 417
2020-04-01 $377,450 (-7.1%) $466,095 (-3.6%) 0.00 420
2020-05-01 $387,000 (-3.1%) $476,645 (3.1%) 0.00 410
2020-06-01 $392,000 (-1.8%) $471,174 (1.3%) 0.00 396
2020-07-01 $406,000 (1.8%) $493,002 (5.4%) 0.00 365
2020-08-01 $445,000 (12.3%) $532,207 (14.8%) 0.00 275
2020-09-01 $446,700 (13.9%) $551,727 (19.2%) 0.00 232
2020-10-01 $445,000 (13.4%) $563,832 (20.6%) 0.00 223
2020-11-01 $442,475 (10.9%) $561,956 (15.8%) 0.00 199
2020-12-01 $442,325 (10.7%) $575,561 (17.1%) 0.00 162
2021-01-01 $499,950 (25.1%) $587,175 (18.1%) 0.00 115
2021-02-01 $455,075 (18.2%) $613,879 (26.0%) 0.00 121
2021-03-01 $472,225 (22.9%) $601,227 (26.7%) 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 $619,000 (3.3%) $718,762 (10.8%) 0.00 269
2023-06-01 $599,450 (10.6%) $716,179 (15.4%) 0.00 321
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
2023-11-01 $598,750 (11.2%) $706,492 (10.0%) 0.00 324
2023-12-01 $592,450 (12.0%) $707,924 (8.4%) 0.00 285
2024-01-01 $585,000 (15.3%) $688,660 (7.3%) 0.00 277
2024-02-01 $585,000 (12.0%) $666,231 (-1.5%) 0.00 295
2024-03-01 $595,000 (1.9%) $670,527 (-5.3%) 0.00 308
2024-04-01 $591,250 (-0.1%) $667,250 (-5.9%) 0.00 358
2024-05-01 $599,000 (-3.2%) $686,253 (-4.5%) 0.00 382
Newport's median listing price for 2024-05-01 was $599,000, a difference of $-20,000 (-3.2%) versus the prior year and $7,750 versus the prior month.

Newport's median listing price comes in at 0% of the national average.

Newport's average listing price for 2024-05-01 was $686,253, a difference of $-32,509 (-4.5%) versus the prior year and $19,003 versus the prior month.

For the 2024-05-01 period, Newport had 382 MLS listings, a difference of 24 listings (7%) versus the prior month and 113 listings (42%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Newport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,858 sqft
2018-02-01 0 days 1,870 sqft
2018-03-01 0 days 1,848 sqft
2018-04-01 0 days 1,838 sqft
2018-05-01 0 days 1,858 sqft
2018-06-01 0 days 1,810 sqft
2018-07-01 0 days 1,841 sqft
2018-08-01 0 days 1,856 sqft
2018-09-01 0 days 1,832 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 1,830 sqft
2019-02-01 0 days 1,796 sqft
2019-03-01 0 days 1,810 sqft
2019-04-01 0 days 1,802 sqft
2019-05-01 0 days 1,764 sqft
2019-06-01 0 days 1,820 sqft
2019-07-01 0 days 1,802 sqft
2019-08-01 0 days 1,761 sqft
2019-09-01 0 days 1,741 sqft
2019-10-01 0 days 1,737 sqft
2019-11-01 0 days 1,751 sqft
2019-12-01 0 days 1,753 sqft
2020-01-01 0 days 1,756 sqft
2020-02-01 0 days 1,704 sqft
2020-03-01 0 days 1,705 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 1,676 sqft
2022-09-01 0 days 1,667 sqft
2022-10-01 0 days 1,624 sqft
2022-11-01 0 days 1,589 sqft
2022-12-01 0 days 1,552 sqft
2023-01-01 0 days 1,568 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 1,714 sqft
2023-06-01 0 days 1,670 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
2023-11-01 0 days 1,721 sqft
2023-12-01 0 days 1,761 sqft
2024-01-01 0 days 1,665 sqft
2024-02-01 0 days 1,676 sqft
2024-03-01 0 days 1,679 sqft
2024-04-01 0 days 1,637 sqft
2024-05-01 0 days 1,698 sqft
Newport's median listing age (time on market) for 2024-05-01 was 0 days.

Newport's median square footage for active listings during the 2024-05-01 period was 1,698 sqft. One year prior, the average listing was 1,714 sqft.

Newport, OR Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 577 $217,895,000 $377,634
Home Improvement 161 $16,755,000 $104,068
Other 139 $16,715,000 $120,252
Cash Out Refi 103 $26,835,000 $260,534
Refi 73 $22,115,000 $302,945

Newport's most frequently cited loan purpose was Home Purchase, with 577 originations. The 2nd most popular reason was Home Improvement, with 161 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 361 $118,255,000 $327,576
7-8% 321 $98,905,000 $308,115
Over 8% 238 $34,550,000 $145,168
5-6% 120 $41,820,000 $348,500
4-5% 8 $3,010,000 $376,250

During 2023, Newport's most frequently originated rate bucket was 6-7%, with 361 originations.

Loan Sizing (Newport, OR MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 408 $123,830,000 $303,505
$100,000 or less 227 $13,055,000 $57,511
$100k-200k 178 $25,760,000 $144,719
$400k-600k 171 $80,855,000 $472,836
$600k-1000k 62 $44,960,000 $725,161
$Over $1MM 7 $11,855,000 $1,693,571

Newport's loan sizing saw the bucket of loans from $200k-400k with 408 originations, totaling $123,830,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 280 $111,500,000 $398,214
60-80% 225 $96,945,000 $430,867
Under 20% 218 $13,530,000 $62,064
20-40% 161 $25,845,000 $160,528
40-60% 152 $43,630,000 $287,039
Over 100% 10 $4,510,000 $451,000

Newport's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 280 originations, totaling $111,500,000 in origination value.