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 7.43% 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 7.48% and one month ago for the week of 2023-10-19, the average rate was 7.67%.

Newport's average rate one year ago was 6.45%.

For refis of the same type during the week of 2023-11-22, the average rate was 7.69%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-11-22 7.29%
Newport 30 Year Fixed Rate 2023-11-22 7.43%
Newport 30 Year Fixed Rate Refi 2023-11-22 7.69%
Newport 15 Year Fixed Rate 2023-11-22 6.57%
Newport 15 Year Fixed Rate Refi 2023-11-22 6.57%
Newport 30 Year FHA 2023-11-22 -0.1%
Newport 30 Year FHA Refi 2023-11-22 0.2%
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%
Newport 30 Year VA Refi 2023-11-22 -0.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Newport, TN.

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, TN 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
MORTGAGE INVESTORS GROUP, INC. 23 5.09% $5,190
CMG MORTGAGE, INC. 22 5.10% $5,992
QUICKEN LOANS, LLC 21 4.55% $7,855
EASTMAN 9 4.82% $4,376
LOANDEPOT.COM, LLC 8 5.07% $6,396
Wells Fargo Bank 8 4.73% $4,427
KNOXVILLE TVA EMPLOYEES CREDIT UNION 7 4.20% $4,488
CARDINAL FINANCIAL 6 4.41% $7,507
U.S. Bank 5 4.58% $5,008
Commercial Bank 5 4.35% $3,728
CONSUMER Credit Union 4 3.97% $2,772
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.25% $6,568
NAVY FEDERAL CREDIT UNION 4 6.19% $6,367
Gateway First Bank 4 4.81% $4,459
MUTUAL OF OMAHA MORTGAGE, INC. 4 5.47% $5,318
Farm Credit Mid-America, ACA 4 4.93% $6,861
FREEDOM MORTGAGE CORPORATION 3 4.67% $5,719
Truist 3 4.16% $4,093
UNITED WHOLESALE MORTGAGE, LLC 3 5.67% $6,150
NEWREZ LLC 3 4.87% $3,519
ORNL Federal Credit Union 3 4.93% $6,538
STOCKTON MORTGAGE CORPORATION 3 4.46% $5,888
CROSSCOUNTRY MORTGAGE, LLC 2 5.41% $6,059
FirstBank 2 3.56% $5,865
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.31% $4,388
FIRST COMMUNITY MORTGAGE, INC. 2 4.88% $3,746
AMERICAN FINANCING CORPORATION 2 3.94% $3,842
MYCUMORTGAGE, LLC 2 3.75% $3,775
Citizens Bank 2 5.69% $4,094
HOME POINT FINANCIAL CORPORATION 2 5.62% $3,639
STATE EMPLOYEES' 2 4.39% $3,038
HOMESIDE FINANCIAL, LLC 2 4.43% $7,551
VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.87% $6,324
MOVEMENT MORTGAGE, LLC 2 4.94% $11,894
JPMorgan Chase Bank 2 6.06% $3,846
UNITED SECURITY FINANCIAL CORP 1 5.38% $3,843
Wolfe Financial, Inc 1 6.88% $8,532
Wyndham Capital Mortgage, Inc. 1 6.00% $1,910
21ST MORTGAGE CORPORATION 1 6.80% $7,614
Y-12 Federal Credit Union 1 4.00% $3,829
AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $5,249
AMERIFIRST FINANCIAL CORPORATION 1 5.75% $6,127
AMERISAVE MORTGAGE CORPORATION 1 5.13% $11,029
Ameris Bank 1 5.75% $17,117
Bank of America 1 5.75% $3,476
Bank of England 1 3.63% $5,599
BROKER SOLUTIONS, INC. 1 7.63% $4,155
CERTAINTY HOME LOANS, LLC 1 5.63% $7,009
CHURCHILL MORTGAGE CORPORATION 1 6.50% $4,866
Countybank 1 5.88% $3,486
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 4.00% $3,981
First-Citizens Bank & Trust Company 1 4.43% $4,048
First Horizon Bank 1 3.38% $3,031
GUARANTY HOME MORTGAGE CORPORATION 1 4.88% $6,281
HANCOCK MORTGAGE PARTNERS, LLC 1 7.13% $4,282
Hometown Lenders, Inc. 1 6.38% $4,857
HomeTrust Bank 1 4.13% $3,186
INTERLINC MORTGAGE SERVICES, LLC 1 5.50% $4,489
KINECTA 1 3.50% $3,205
Mortgage Research Center, LLC 1 6.38% $3,408
Nations Lending Corporation 1 5.88% $8,718
NATIONS RELIABLE LENDING, LLC 1 6.38% $7,129
NATIONWIDE MORTGAGE BANKERS, INC. 1 5.99% $10,259
Paramount Residential Mortgage Group, Inc. 1 6.13% $9,010
PHH Mortgage Corporation 1 5.50% $3,092
PIKE CREEK MORTGAGE SERVICES, INC. 1 5.99% $20,615
Prosperity Home Mortgage, LLC 1 4.13% $3,870
Regions Bank 1 3.38% $3,104
ROYAL UNITED MORTGAGE LLC 1 6.75% $6,368
RUOFF MORTGAGE COMPANY, INC. 1 5.38% $25
State Department Federal Credit Union 1 2.75% $11,862
The Huntington National Bank 1 4.38% $4,566
UBS Bank USA 1 5.13% $3,149
UNION HOME MORTGAGE CORP. 1 3.25% $4,309

Newport Average Closing Costs & Other Stats

Newport, TN's 74 lenders originated 614 loans during 2022. The total origination value was $115,000,000, with an average loan value of $187,296.

Newport's average closing costs are $5,052.

The top Newport lender as defined by loan originations is MORTGAGE INVESTORS GROUP, INC., with 23 loans originated. Their average total fees are $5,190, which is $801 lower than the next largest lender, CMG MORTGAGE, INC..

The lowest fee Newport lenders (with over 10 loans originated) are MORTGAGE INVESTORS GROUP, INC. ($5,190), CMG MORTGAGE, INC. ($5,992), QUICKEN LOANS, LLC ($7,855), .

The lowest rate Newport lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.55%), MORTGAGE INVESTORS GROUP, INC. (5.09%), CMG MORTGAGE, INC. (5.10%), .

Newport, TN 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
MORTGAGE INVESTORS GROUP, INC. $11,050,000 $9,675,000 -12.4% 8.4%
QUICKEN LOANS, LLC $12,150,000 $7,180,000 -40.9% 6.2%
U.S. Bank $10,915,000 $6,465,000 -40.8% 5.6%
CMG MORTGAGE, INC. $8,200,000 $6,415,000 -21.8% 5.6%
Mortgage Research Center, LLC $1,745,000 $4,335,000 148.4% 3.8%
EASTMAN $1,850,000 $3,975,000 114.9% 3.5%
MOVEMENT MORTGAGE, LLC $4,545,000 $3,210,000 -29.4% 2.8%
Wells Fargo Bank $2,130,000 $2,875,000 35.0% 2.5%
KNOXVILLE TVA EMPLOYEES CREDIT UNION $4,175,000 $2,735,000 -34.5% 2.4%
LOANDEPOT.COM, LLC $2,295,000 $2,690,000 17.2% 2.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $4,825,000 $2,525,000 -47.7% 2.2%
NAVY FEDERAL CREDIT UNION $1,255,000 $2,475,000 97.2% 2.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $3,270,000 $2,440,000 -25.4% 2.1%
HOME POINT FINANCIAL CORPORATION $2,305,000 $2,005,000 -13.0% 1.7%
Commercial Bank $1,760,000 $1,825,000 3.7% 1.6%
UNITED WHOLESALE MORTGAGE, LLC $1,520,000 $1,735,000 14.1% 1.5%
CONSUMER Credit Union $3,670,000 $1,705,000 -53.5% 1.5%
FIRST COMMUNITY MORTGAGE, INC. $720,000 $1,540,000 113.9% 1.3%
ORNL Federal Credit Union $1,100,000 $1,505,000 36.8% 1.3%
Tennessee State Bank $1,690,000 $1,380,000 -18.3% 1.2%
Andrew Johnson Bank $1,315,000 n/a 1.1%
FREEDOM MORTGAGE CORPORATION $3,810,000 $1,310,000 -65.6% 1.1%
First Horizon Bank $965,000 $1,255,000 30.1% 1.1%
Gateway First Bank $2,080,000 $1,165,000 -44.0% 1.0%
Truist $475,000 $1,110,000 133.7% 1.0%
Mr. Cooper ( Nationstar Mortgage ) $775,000 $1,080,000 39.4% 0.9%
Farm Credit Mid-America, ACA $3,235,000 $1,070,000 -66.9% 0.9%
NEW DAY FINANCIAL, LLC $1,200,000 $1,050,000 -12.5% 0.9%
AMERICAN FINANCIAL RESOURCES, INC. $1,240,000 $1,035,000 -16.5% 0.9%
CROSSCOUNTRY MORTGAGE, LLC $300,000 $1,035,000 245.0% 0.9%
1ST SIGNATURE LENDING, LLC $115,000 $1,000,000 769.6% 0.9%
First Century Bank $930,000 n/a 0.8%
INTERLINC MORTGAGE SERVICES, LLC $660,000 $905,000 37.1% 0.8%
JPMorgan Chase Bank $405,000 $785,000 93.8% 0.7%
AMERICAN FINANCING CORPORATION $95,000 $705,000 642.1% 0.6%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $700,000 n/a 0.6%
CALIBER HOME LOANS, INC. $1,055,000 $700,000 -33.6% 0.6%
BROKER SOLUTIONS, INC. $250,000 $675,000 170.0% 0.6%
Citizens Bank $1,820,000 $660,000 -63.7% 0.6%
SmartBank $115,000 $655,000 469.6% 0.6%
MUTUAL OF OMAHA MORTGAGE, INC. $95,000 $640,000 573.7% 0.6%
Bank of America $505,000 $615,000 21.8% 0.5%
Ameris Bank $600,000 n/a 0.5%
RUOFF MORTGAGE COMPANY, INC. $305,000 $565,000 85.2% 0.5%
NEWREZ LLC $1,160,000 $530,000 -54.3% 0.5%
Paramount Residential Mortgage Group, Inc. $165,000 $520,000 215.2% 0.5%
STOCKTON MORTGAGE CORPORATION $500,000 $515,000 3.0% 0.4%
MYCUMORTGAGE, LLC $395,000 $510,000 29.1% 0.4%
PENTAGON FEDERAL CREDIT UNION $495,000 n/a 0.4%
HOMESIDE FINANCIAL, LLC $340,000 $490,000 44.1% 0.4%
SUN WEST MORTGAGE COMPANY, INC. $1,100,000 $490,000 -55.5% 0.4%
UNION HOME MORTGAGE CORP. $1,320,000 $485,000 -63.3% 0.4%
State Department Federal Credit Union $475,000 n/a 0.4%
NATIONWIDE MORTGAGE BANKERS, INC. $465,000 n/a 0.4%
Carrington Mortgage Services, LLC $700,000 $455,000 -35.0% 0.4%
Regions Bank $420,000 $450,000 7.1% 0.4%
PIKE CREEK MORTGAGE SERVICES, INC. $445,000 n/a 0.4%
Nations Lending Corporation $925,000 $435,000 -53.0% 0.4%
AMERISAVE MORTGAGE CORPORATION $695,000 $430,000 -38.1% 0.4%
SOUTHWEST STAGE FUNDING, LLC $800,000 $430,000 -46.3% 0.4%
Northpointe Bank $360,000 $425,000 18.1% 0.4%
Hometown Equity Mortgage, LLC $415,000 n/a 0.4%
FirstBank $410,000 n/a 0.4%
USAA Federal Savings Bank $310,000 $405,000 30.6% 0.4%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $400,000 n/a 0.3%
21ST MORTGAGE CORPORATION $800,000 $385,000 -51.9% 0.3%
First United Bank $375,000 n/a 0.3%
MORTGAGE SOLUTIONS OF COLORADO, LLC $375,000 n/a 0.3%
Citizens National Bank $530,000 $360,000 -32.1% 0.3%
Wolfe Financial, Inc $360,000 n/a 0.3%
RAPID MORTGAGE COMPANY $355,000 n/a 0.3%
EVERETT FINANCIAL, INC. $350,000 n/a 0.3%
Mid-Continent Funding, Inc. $155,000 $325,000 109.7% 0.3%
PNC Bank $320,000 n/a 0.3%
CRESCENT MORTGAGE COMPANY $305,000 $315,000 3.3% 0.3%
First Bank $315,000 n/a 0.3%
Y-12 Federal Credit Union $90,000 $315,000 250.0% 0.3%
Countybank $455,000 $310,000 -31.9% 0.3%
STATE EMPLOYEES' $280,000 n/a 0.2%
Amarillo National Bank $265,000 n/a 0.2%
CERTAINTY HOME LOANS, LLC $265,000 n/a 0.2%
ACADEMY MORTGAGE CORPORATION $955,000 $260,000 -72.8% 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $260,000 n/a 0.2%
CHURCHILL MORTGAGE CORPORATION $205,000 $260,000 26.8% 0.2%
BAY EQUITY LLC $845,000 $255,000 -69.8% 0.2%
Fifth Third Bank $280,000 $255,000 -8.9% 0.2%
PENNYMAC LOAN SERVICES, LLC $1,285,000 $250,000 -80.5% 0.2%
A&D Mortgage LLC $245,000 n/a 0.2%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $245,000 n/a 0.2%
First-Citizens Bank & Trust Company $125,000 $245,000 96.0% 0.2%
MILEND, INC. $245,000 n/a 0.2%
NETWORK CAPITAL FUNDING CORPORATION $245,000 n/a 0.2%
AMERICAN ADVISORS GROUP $175,000 $235,000 34.3% 0.2%
First Option Mortgage, LLC $235,000 n/a 0.2%
UBS Bank USA $235,000 n/a 0.2%
Wilson Bank And Trust $235,000 n/a 0.2%
AMERIFIRST FINANCIAL CORPORATION $225,000 n/a 0.2%
KINECTA $225,000 n/a 0.2%
FBC MORTGAGE, LLC $215,000 n/a 0.2%
GUARANTY HOME MORTGAGE CORPORATION $215,000 n/a 0.2%
HomeTrust Bank $35,000 $215,000 514.3% 0.2%
REVERSE MORTGAGE FUNDING LLC $215,000 n/a 0.2%
UNITED SECURITY FINANCIAL CORP $215,000 n/a 0.2%
First Community Bank of East Tennessee $165,000 $205,000 24.2% 0.2%
FirstTrust Home Loans, Inc. $205,000 n/a 0.2%
VAN DYK MORTGAGE CORPORATION $215,000 $205,000 -4.7% 0.2%
Citizens Bank $1,820,000 $195,000 -89.3% 0.2%
Bank of England $760,000 $185,000 -75.7% 0.2%
LAKEVIEW LOAN SERVICING, LLC $850,000 $185,000 -78.2% 0.2%
Prosperity Home Mortgage, LLC $185,000 n/a 0.2%
PUBLIX EMPLOYEES $185,000 n/a 0.2%
SECURITYNATIONAL MORTGAGE COMPANY $515,000 $180,000 -65.0% 0.2%
NATIONS RELIABLE LENDING, LLC $165,000 n/a 0.1%
TJC Mortgage, Inc. $300,000 $165,000 -45.0% 0.1%
Hometown Lenders, Inc. $235,000 $155,000 -34.0% 0.1%
OPEN MORTGAGE, LLC $155,000 n/a 0.1%
PHH Mortgage Corporation $155,000 n/a 0.1%
FAIRWAY FUNDING GROUP, INC. $145,000 n/a 0.1%
The Richwood Banking Company $145,000 n/a 0.1%
Wyndham Capital Mortgage, Inc. $145,000 n/a 0.1%
GUILD MORTGAGE COMPANY $135,000 n/a 0.1%
EMBRACE HOME LOANS, INC. $125,000 n/a 0.1%
New Peoples Bank, Inc. $125,000 n/a 0.1%
Sierra Pacific Mortgage Company, Inc. $470,000 $125,000 -73.4% 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $125,000 n/a 0.1%
DUPACO COMMUNITY $115,000 n/a 0.1%
The Huntington National Bank $85,000 $115,000 35.3% 0.1%
HANCOCK MORTGAGE PARTNERS, LLC $95,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $295,000 $95,000 -67.8% 0.1%
GENEVA FINANCIAL, LLC $85,000 n/a 0.1%
Apex Bank $75,000 n/a 0.1%
AMERICAN HERITAGE FCU $25,000 n/a 0.0%

Newport's top lender by overall market share is MORTGAGE INVESTORS GROUP, INC., with 8.4% market share. In second place, with 6.2%, is QUICKEN LOANS, LLC, having originated $7,180,000 in loans. In third place, with 5.6%, is U.S. Bank, having originated $6,465,000 in loans. In fourth place, with 5.6%, is CMG MORTGAGE, INC., having originated $6,415,000 in loans. In fifth place, with 3.8%, is Mortgage Research Center, LLC, having originated $4,335,000 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 $160,450 (-5.1%) $204,513 (0.9%) 0.00 139
2018-02-01 $160,950 (-4.8%) $201,796 (0.0%) 0.00 138
2018-03-01 $173,450 (6.5%) $222,106 (13.4%) 0.00 137
2018-04-01 $182,450 (12.6%) $241,615 (23.0%) 0.00 135
2018-05-01 $184,700 (13.6%) $235,816 (17.4%) 0.00 143
2018-06-01 $189,900 (14.1%) $239,171 (19.7%) 0.00 145
2018-07-01 $187,000 (10.4%) $235,539 (14.7%) 0.00 152
2018-08-01 $179,450 (5.6%) $231,773 (11.9%) 0.00 159
2018-09-01 $179,000 (2.9%) $232,185 (9.3%) 0.00 149
2018-10-01 $177,700 (3.9%) $234,213 (9.5%) 0.00 148
2018-11-01 $178,175 (5.3%) $237,534 (11.7%) 0.00 148
2018-12-01 $179,450 (7.5%) $239,496 (13.4%) 0.00 153
2019-01-01 $181,200 (12.9%) $252,064 (23.3%) 0.00 140
2019-02-01 $181,150 (12.6%) $251,237 (24.5%) 0.00 144
2019-03-01 $179,900 (3.7%) $250,088 (12.6%) 0.00 137
2019-04-01 $179,900 (-1.4%) $247,480 (2.4%) 0.00 135
2019-05-01 $179,950 (-2.6%) $247,500 (5.0%) 0.00 137
2019-06-01 $189,000 (-0.5%) $247,923 (3.7%) 0.00 143
2019-07-01 $199,000 (6.4%) $263,643 (11.9%) 0.00 143
2019-08-01 $210,155 (17.1%) $264,420 (14.1%) 0.00 143
2019-09-01 $226,886 (26.8%) $271,976 (17.1%) 0.00 143
2019-10-01 $241,950 (36.2%) $279,230 (19.2%) 0.00 141
2019-11-01 $245,000 (37.5%) $285,649 (20.3%) 0.00 140
2019-12-01 $244,450 (36.2%) $282,719 (18.1%) 0.00 129
2020-01-01 $227,400 (25.5%) $278,221 (10.4%) 0.00 120
2020-02-01 $225,000 (24.2%) $283,585 (12.9%) 0.00 112
2020-03-01 $228,450 (27.0%) $296,155 (18.4%) 0.00 104
2020-04-01 $239,225 (33.0%) $297,490 (20.2%) 0.00 100
2020-05-01 $265,000 (47.3%) $318,398 (28.7%) 0.00 92
2020-06-01 $260,950 (38.1%) $326,463 (31.7%) 0.00 92
2020-07-01 $263,450 (32.4%) $334,424 (26.9%) 0.00 82
2020-08-01 $269,900 (28.4%) $339,447 (28.4%) 0.00 77
2020-09-01 $259,850 (14.5%) $314,958 (15.8%) 0.00 84
2020-10-01 $248,750 (2.8%) $301,909 (8.1%) 0.00 81
2020-11-01 $279,225 (14.0%) $338,754 (18.6%) 0.00 69
2020-12-01 $299,500 (22.5%) $370,549 (31.1%) 0.00 59
2021-01-01 $265,500 (16.8%) $347,068 (24.8%) 0.00 58
2021-02-01 $252,475 (12.2%) $346,869 (22.3%) 0.00 52
2021-03-01 $264,475 (15.8%) $386,307 (30.4%) 0.00 40
2021-04-01 $247,175 (3.3%) $384,430 (29.2%) 0.00 46
2021-05-01 $249,900 (-5.7%) $352,584 (10.7%) 0.00 49
2021-06-01 $277,500 (6.3%) $364,904 (11.8%) 0.00 50
2021-07-01 $275,000 (4.4%) $378,116 (13.1%) 0.00 65
2021-08-01 $291,125 (7.9%) $400,167 (17.9%) 0.00 57
2021-09-01 $332,319 (27.9%) $388,767 (23.4%) 0.00 59
2021-10-01 $332,338 (33.6%) $366,348 (21.3%) 0.00 63
2021-11-01 $335,250 (20.1%) $415,059 (22.5%) 0.00 54
2021-12-01 $332,450 (11.0%) $447,077 (20.7%) 0.00 51
2022-01-01 $319,000 (20.2%) $438,253 (26.3%) 0.00 43
2022-02-01 $299,675 (18.7%) $418,278 (20.6%) 0.00 44
2022-03-01 $299,900 (13.4%) $420,361 (8.8%) 0.00 51
2022-04-01 $379,900 (53.7%) $480,529 (25.0%) 0.00 60
2022-05-01 $349,900 (40.0%) $519,273 (47.3%) 0.00 79
2022-06-01 $384,900 (38.7%) $552,298 (51.4%) 0.00 77
2022-07-01 $362,600 (31.9%) $540,703 (43.0%) 0.00 80
2022-08-01 $349,500 (20.1%) $531,131 (32.7%) 0.00 91
2022-09-01 $349,475 (5.2%) $502,024 (29.1%) 0.00 102
2022-10-01 $354,500 (6.7%) $511,023 (39.5%) 0.00 103
2022-11-01 $330,000 (-1.6%) $475,407 (14.5%) 0.00 101
2022-12-01 $342,900 (3.1%) $461,448 (3.2%) 0.00 94
2023-01-01 $356,250 (11.7%) $493,971 (12.7%) 0.00 80
2023-02-01 $350,000 (16.8%) $479,557 (14.7%) 0.00 65
2023-03-01 $339,900 (13.3%) $450,459 (7.2%) 0.00 57
2023-04-01 $382,000 (0.6%) $464,581 (-3.3%) 0.00 68
2023-05-01 $399,450 (14.2%) $495,229 (-4.6%) 0.00 61
2023-06-01 $372,000 (-3.4%) $458,071 (-17.1%) 0.00 70
2023-07-01 $368,500 (1.6%) $475,426 (-12.1%) 0.00 72
2023-08-01 $371,725 (6.4%) $487,546 (-8.2%) 0.00 76
2023-09-01 $354,500 (1.4%) $486,099 (-3.2%) 0.00 80
2023-10-01 $349,475 (-1.4%) $514,600 (0.7%) 0.00 81
Newport's median listing price for 2023-10-01 was $349,475, a difference of $-5,025 (-1.4%) versus the prior year and $-5,025 versus the prior month.

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

Newport's average listing price for 2023-10-01 was $514,600, a difference of $3,577 (0.7%) versus the prior year and $28,501 versus the prior month.

For the 2023-10-01 period, Newport had 81 MLS listings, a difference of 1 listings (1%) versus the prior month and -22 listings (-21%) 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 1,592 sqft
2018-02-01 0 days 1,590 sqft
2018-03-01 0 days 1,620 sqft
2018-04-01 0 days 1,625 sqft
2018-05-01 0 days 1,590 sqft
2018-06-01 0 days 1,584 sqft
2018-07-01 0 days 1,578 sqft
2018-08-01 0 days 1,622 sqft
2018-09-01 0 days 1,577 sqft
2018-10-01 0 days 1,536 sqft
2018-11-01 0 days 1,536 sqft
2018-12-01 0 days 1,536 sqft
2019-01-01 0 days 1,523 sqft
2019-02-01 0 days 1,595 sqft
2019-03-01 0 days 1,620 sqft
2019-04-01 0 days 1,630 sqft
2019-05-01 0 days 1,630 sqft
2019-06-01 0 days 1,600 sqft
2019-07-01 0 days 1,595 sqft
2019-08-01 0 days 1,632 sqft
2019-09-01 0 days 1,648 sqft
2019-10-01 0 days 1,664 sqft
2019-11-01 0 days 1,686 sqft
2019-12-01 0 days 1,754 sqft
2020-01-01 0 days 1,679 sqft
2020-02-01 0 days 1,837 sqft
2020-03-01 0 days 1,761 sqft
2020-04-01 0 days 1,731 sqft
2020-05-01 0 days 1,828 sqft
2020-06-01 0 days 1,854 sqft
2020-07-01 0 days 1,798 sqft
2020-08-01 0 days 1,950 sqft
2020-09-01 0 days 1,811 sqft
2020-10-01 0 days 1,771 sqft
2020-11-01 0 days 1,799 sqft
2020-12-01 0 days 1,801 sqft
2021-01-01 0 days 1,622 sqft
2021-02-01 0 days 1,680 sqft
2021-03-01 0 days 1,452 sqft
2021-04-01 0 days 1,440 sqft
2021-05-01 0 days 1,423 sqft
2021-06-01 0 days 1,479 sqft
2021-07-01 0 days 1,591 sqft
2021-08-01 0 days 1,689 sqft
2021-09-01 0 days 1,783 sqft
2021-10-01 0 days 1,799 sqft
2021-11-01 0 days 1,776 sqft
2021-12-01 0 days 2,039 sqft
2022-01-01 0 days 1,892 sqft
2022-02-01 0 days 1,715 sqft
2022-03-01 0 days 1,571 sqft
2022-04-01 0 days 1,678 sqft
2022-05-01 0 days 1,761 sqft
2022-06-01 0 days 1,870 sqft
2022-07-01 0 days 1,848 sqft
2022-08-01 0 days 1,810 sqft
2022-09-01 0 days 1,763 sqft
2022-10-01 0 days 1,710 sqft
2022-11-01 0 days 1,568 sqft
2022-12-01 0 days 1,541 sqft
2023-01-01 0 days 1,590 sqft
2023-02-01 0 days 1,555 sqft
2023-03-01 0 days 1,611 sqft
2023-04-01 0 days 1,516 sqft
2023-05-01 0 days 1,512 sqft
2023-06-01 0 days 1,741 sqft
2023-07-01 0 days 1,738 sqft
2023-08-01 0 days 1,718 sqft
2023-09-01 0 days 1,717 sqft
2023-10-01 0 days 1,680 sqft
Newport's median listing age (time on market) for 2023-10-01 was 0 days.

Newport's median square footage for active listings during the 2023-10-01 period was 1,680 sqft. One year prior, the average listing was 1,710 sqft.

Newport, TN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 335 $71,745,000 $214,164
Cash Out Refi 123 $23,435,000 $190,528
Refi 81 $12,125,000 $149,691
Home Improvement 38 $3,760,000 $98,947
Other 37 $3,935,000 $106,351

Newport's most frequently cited loan purpose was Home Purchase, with 335 originations. The 2nd most popular reason was Cash Out Refi, with 123 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 168 $31,800,000 $189,286
4-5% 125 $24,795,000 $198,360
3-4% 124 $26,070,000 $210,242
6-7% 76 $13,610,000 $179,079
2.5-3% 51 $7,865,000 $154,216
7-8% 25 $3,455,000 $138,200
Over 8% 16 $1,960,000 $122,500
<2.5% 7 $785,000 $112,143

During 2022, Newport's most frequently originated rate bucket was 5-6%, with 168 originations.

Loan Sizing (Newport, TN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 273 $40,475,000 $148,260
$200k-400k 174 $45,540,000 $261,724
$100,000 or less 124 $7,300,000 $58,871
$400k-600k 34 $15,350,000 $451,471
$600k-1000k 9 $6,335,000 $703,889

Newport's loan sizing saw the bucket of loans from $100k-200k with 273 originations, totaling $40,475,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 242 $56,170,000 $232,107
60-80% 153 $30,075,000 $196,569
40-60% 95 $14,965,000 $157,526
20-40% 53 $4,955,000 $93,491
Under 20% 37 $1,555,000 $42,027
Over 100% 11 $1,995,000 $181,364

Newport's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 242 originations, totaling $56,170,000 in origination value.