Newport Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Newport averaged
6.54%
for the week of 2024-10-03, compared to the national average of
6.12% for the same period.
The average rate for the prior week (2024-09-26) was
6.5% and
one month ago for the week of 2024-08-29, the
average rate was 6.57%.
Newport's average rate one year ago was 7.53%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.12%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Newport 30 Year Fixed Rate | 2024-10-03 | 6.54% |
Newport 30 Year Fixed Rate Refi | 2024-10-03 | 6.12% |
Newport 15 Year Fixed Rate | 2024-10-03 | 5.05% |
Newport 15 Year Fixed Rate Refi | 2024-10-03 | 5.25% |
Newport 30 Year FHA | 2024-10-03 | 5.79% |
Newport 30 Year FHA Refi | 2024-10-03 | 5.89% |
Newport 30 Year USDA | 2024-10-03 | 5.77% |
Newport 30 Year USDA Refi | 2024-10-03 | 5.87% |
Newport 30 Year VA | 2024-10-03 | 5.5% |
Newport 30 Year VA Refi | 2024-10-03 | 5.7% |
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.).
Newport Average Closing Costs & Other Stats
Newport, TN's 59 lenders originated 435
loans during 2023. The total origination value was $80,105,000, with an average loan value of
$184,149.
Newport's average closing costs are $5,347.
The top Newport lender as defined by loan originations is QUICKEN LOANS, LLC, with
13 loans originated. Their average total fees are
$6,892, which is $1,271
higher than the next largest lender,
CMG MORTGAGE, INC..
The lowest fee Newport lenders (with over 10 loans originated) are
MORTGAGE INVESTORS GROUP, INC. ($4,930), CMG MORTGAGE, INC. ($5,621), QUICKEN LOANS, LLC ($6,892), .
The lowest rate Newport lenders (with over 10 loans originated) are
MORTGAGE INVESTORS GROUP, INC. (6.53%), CMG MORTGAGE, INC. (6.82%), QUICKEN LOANS, LLC (6.92%), .
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
QUICKEN LOANS, LLC | $7,180,000 | $6,860,000 | -4.5% | 8.6% |
CMG MORTGAGE, INC. | $6,415,000 | $6,730,000 | 4.9% | 8.4% |
MORTGAGE INVESTORS GROUP, INC. | $9,675,000 | $4,775,000 | -50.6% | 6.0% |
CARDINAL FINANCIAL | $2,525,000 | $4,085,000 | 61.8% | 5.1% |
UNITED WHOLESALE MORTGAGE, LLC | $1,735,000 | $3,785,000 | 118.2% | 4.7% |
Mortgage Research Center, LLC | $4,335,000 | $2,505,000 | -42.2% | 3.1% |
KNOXVILLE TVA EMPLOYEES CREDIT UNION | $2,735,000 | $1,825,000 | -33.3% | 2.3% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $2,440,000 | $1,765,000 | -27.7% | 2.2% |
U.S. Bank | $6,465,000 | $1,725,000 | -73.3% | 2.2% |
21ST MORTGAGE CORPORATION | $385,000 | $1,710,000 | 344.2% | 2.1% |
LOANDEPOT.COM, LLC | $2,690,000 | $1,640,000 | -39.0% | 2.0% |
First Horizon Bank | $1,255,000 | $1,590,000 | 26.7% | 2.0% |
Commercial Bank | $1,825,000 | $1,560,000 | -14.5% | 1.9% |
PENNYMAC LOAN SERVICES, LLC | $250,000 | $1,300,000 | 420.0% | 1.6% |
Truist | $1,110,000 | $1,190,000 | 7.2% | 1.5% |
EASTMAN | $3,975,000 | $1,170,000 | -70.6% | 1.5% |
Regions Bank | $450,000 | $1,070,000 | 137.8% | 1.3% |
NAVY FEDERAL CREDIT UNION | $2,475,000 | $1,020,000 | -58.8% | 1.3% |
FIRST COMMUNITY MORTGAGE, INC. | $1,540,000 | $950,000 | -38.3% | 1.2% |
Bank of Tennessee | $925,000 | n/a | 1.2% | |
AMERISAVE MORTGAGE CORPORATION | $430,000 | $895,000 | 108.1% | 1.1% |
UNION HOME MORTGAGE CORP. | $485,000 | $825,000 | 70.1% | 1.0% |
Wilson Bank And Trust | $235,000 | $805,000 | 242.6% | 1.0% |
Tennessee State Bank | $1,380,000 | $785,000 | -43.1% | 1.0% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $700,000 | $730,000 | 4.3% | 0.9% |
BMO Harris Bank | $680,000 | n/a | 0.8% | |
Hometown Equity Mortgage, LLC | $415,000 | $645,000 | 55.4% | 0.8% |
Andrew Johnson Bank | $1,315,000 | $635,000 | -51.7% | 0.8% |
BROKER SOLUTIONS, INC. | $675,000 | $630,000 | -6.7% | 0.8% |
NEWREZ LLC | $530,000 | $595,000 | 12.3% | 0.7% |
Citizens Bank | $195,000 | $575,000 | 194.9% | 0.7% |
GVC MORTGAGE, INC. | $545,000 | n/a | 0.7% | |
1ST SIGNATURE LENDING, LLC | $1,000,000 | $520,000 | -48.0% | 0.6% |
Barrington Bank & Trust Company, N.A. | $515,000 | n/a | 0.6% | |
CROSSCOUNTRY MORTGAGE, LLC | $1,035,000 | $515,000 | -50.2% | 0.6% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $510,000 | n/a | 0.6% | |
Home Federal Bank of Tennessee | $505,000 | n/a | 0.6% | |
CONSUMER Credit Union | $1,705,000 | $500,000 | -70.7% | 0.6% |
ACADEMY MORTGAGE CORPORATION | $260,000 | $490,000 | 88.5% | 0.6% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $260,000 | $490,000 | 88.5% | 0.6% |
DAS Acquisition Company, LLC | $475,000 | n/a | 0.6% | |
AMERICAN FINANCIAL RESOURCES, INC. | $1,035,000 | $470,000 | -54.6% | 0.6% |
VAN DYK MORTGAGE CORPORATION | $205,000 | $460,000 | 124.4% | 0.6% |
The Farmers Bank | $455,000 | n/a | 0.6% | |
Farm Credit Mid-America, ACA | $1,070,000 | $445,000 | -58.4% | 0.6% |
United Community Bank | $440,000 | n/a | 0.5% | |
ROYAL UNITED MORTGAGE LLC | $95,000 | $435,000 | 357.9% | 0.5% |
MID AMERICA MORTGAGE, INC. | $430,000 | n/a | 0.5% | |
STOCKTON MORTGAGE CORPORATION | $515,000 | $430,000 | -16.5% | 0.5% |
Mountain Commerce Bank | $425,000 | n/a | 0.5% | |
FIRST BANCORP | $410,000 | n/a | 0.5% | |
FBC MORTGAGE, LLC | $215,000 | $405,000 | 88.4% | 0.5% |
Gateway First Bank | $1,165,000 | $380,000 | -67.4% | 0.5% |
Y-12 Federal Credit Union | $315,000 | $380,000 | 20.6% | 0.5% |
MUTUAL OF OMAHA MORTGAGE, INC. | $640,000 | $375,000 | -41.4% | 0.5% |
INTERLINC MORTGAGE SERVICES, LLC | $905,000 | $370,000 | -59.1% | 0.5% |
MOVEMENT MORTGAGE, LLC | $3,210,000 | $370,000 | -88.5% | 0.5% |
ARC HOME LLC | $345,000 | n/a | 0.4% | |
DELMAR FINANCIAL COMPANY | $345,000 | n/a | 0.4% | |
American Mortgage & Equity Consultants, Inc. | $325,000 | n/a | 0.4% | |
Equity Prime Mortgage LLC | $320,000 | n/a | 0.4% | |
Figure Lending LLC | $310,000 | n/a | 0.4% | |
FREEDOM MORTGAGE CORPORATION | $1,310,000 | $310,000 | -76.3% | 0.4% |
UBANK | $305,000 | n/a | 0.4% | |
DEEPHAVEN MORTGAGE LLC | $285,000 | n/a | 0.4% | |
PNC Bank | $320,000 | $285,000 | -10.9% | 0.4% |
SOUTHWEST STAGE FUNDING, LLC | $430,000 | $285,000 | -33.7% | 0.4% |
Sierra Pacific Mortgage Company, Inc. | $125,000 | $280,000 | 124.0% | 0.3% |
Citizens Bank | $195,000 | $270,000 | 38.5% | 0.3% |
Morgan Stanley Private Bank | $265,000 | n/a | 0.3% | |
MYCUMORTGAGE, LLC | $510,000 | $265,000 | -48.0% | 0.3% |
Renasant Bank | $265,000 | n/a | 0.3% | |
FirstBank | $410,000 | $260,000 | -36.6% | 0.3% |
JPMorgan Chase Bank | $785,000 | $260,000 | -66.9% | 0.3% |
Waterstone Mortgage Corporation | $255,000 | n/a | 0.3% | |
RELIANCE FIRST CAPITAL, LLC | $250,000 | n/a | 0.3% | |
CLEARPATH LENDING | $245,000 | n/a | 0.3% | |
EAGLE HOME MORTGAGE, LLC | $245,000 | n/a | 0.3% | |
AMERICAN INTERNET MORTGAGE, INC. | $235,000 | n/a | 0.3% | |
CORNERSTONE HOME LENDING, INC. | $235,000 | n/a | 0.3% | |
Northpointe Bank | $425,000 | $235,000 | -44.7% | 0.3% |
NTFN, INC. | $235,000 | n/a | 0.3% | |
Republic State Mortgage Co. | $215,000 | n/a | 0.3% | |
Wolfe Financial, Inc | $360,000 | $215,000 | -40.3% | 0.3% |
Bank of America | $615,000 | $210,000 | -65.9% | 0.3% |
Wells Fargo Bank | $2,875,000 | $205,000 | -92.9% | 0.3% |
HomePromise Corporation | $195,000 | n/a | 0.2% | |
SECURITYNATIONAL MORTGAGE COMPANY | $180,000 | $195,000 | 8.3% | 0.2% |
A&D Mortgage LLC | $245,000 | $185,000 | -24.5% | 0.2% |
TIDEWATER MORTGAGE SERVICES, INC. | $185,000 | n/a | 0.2% | |
AMCAP MORTGAGE, LTD. | $175,000 | n/a | 0.2% | |
Southern Bank | $175,000 | n/a | 0.2% | |
ORNL Federal Credit Union | $1,505,000 | $170,000 | -88.7% | 0.2% |
Pinnacle Bank | $160,000 | n/a | 0.2% | |
Century Mortgage Company DBA Century Lending Company | $155,000 | n/a | 0.2% | |
FINANCE OF AMERICA REVERSE LLC | $155,000 | n/a | 0.2% | |
Neighborhood Loans, Inc. | $155,000 | n/a | 0.2% | |
THRIVE MORTGAGE, LLC | $155,000 | n/a | 0.2% | |
GMFS LLC | $145,000 | n/a | 0.2% | |
LENDINGHOME FUNDING CORPORATION | $145,000 | n/a | 0.2% | |
SmartBank | $655,000 | $140,000 | -78.6% | 0.2% |
DIGITAL Federal Credit Union | $135,000 | n/a | 0.2% | |
FLAT BRANCH MORTGAGE, INC. | $135,000 | n/a | 0.2% | |
Citadel Servicing Corporation | $125,000 | n/a | 0.2% | |
NATIONWIDE MORTGAGE BANKERS, INC. | $465,000 | $125,000 | -73.1% | 0.2% |
TOP FLITE FINANCIAL, INC. | $125,000 | n/a | 0.2% | |
GoPrime Mortgage, Inc. | $115,000 | n/a | 0.1% | |
USAA Federal Savings Bank | $405,000 | $115,000 | -71.6% | 0.1% |
PHH Mortgage Corporation | $155,000 | $105,000 | -32.3% | 0.1% |
EVERETT FINANCIAL, INC. | $350,000 | $95,000 | -72.9% | 0.1% |
GSF Mortgage Corporation | $95,000 | n/a | 0.1% | |
SUN WEST MORTGAGE COMPANY, INC. | $490,000 | $95,000 | -80.6% | 0.1% |
TENNESSEE VALLEY | $95,000 | n/a | 0.1% | |
CSL Financial, LLC | $85,000 | n/a | 0.1% | |
TRIAD FINANCIAL SERVICES, INC. | $85,000 | n/a | 0.1% | |
Connexus Credit Union | $75,000 | n/a | 0.1% | |
Discover Bank | $75,000 | n/a | 0.1% | |
The Farmers & Merchants State Bank | $75,000 | n/a | 0.1% | |
Flagstar Bank, FSB | $55,000 | n/a | 0.1% | |
Carrington Mortgage Services, LLC | $455,000 | $45,000 | -90.1% | 0.1% |
Coastal Community Bank | $25,000 | n/a | 0.0% | |
THE TENNESSEE CREDIT UNION | $15,000 | n/a | 0.0% |
Newport's top lender by overall market share is QUICKEN LOANS, LLC, with 8.6% market share. In second place, with 8.4%, is CMG MORTGAGE, INC., having originated $6,730,000 in loans. In third place, with 6.0%, is MORTGAGE INVESTORS GROUP, INC., having originated $4,775,000 in loans. In fourth place, with 5.1%, is CARDINAL FINANCIAL, having originated $4,085,000 in loans. In fifth place, with 4.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $3,785,000 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 | $160,450 (-5.1%) | $204,513 (0.3%) | 0.00 | 139 |
2018-02-01 | $160,950 (-4.8%) | $201,796 (-0.6%) | 0.00 | 138 |
2018-03-01 | $174,900 (7.0%) | $222,106 (13.2%) | 0.00 | 138 |
2018-04-01 | $183,267 (13.1%) | $242,544 (23.4%) | 0.00 | 136 |
2018-05-01 | $186,200 (14.5%) | $236,609 (17.8%) | 0.00 | 145 |
2018-06-01 | $190,000 (14.1%) | $239,779 (20.0%) | 0.00 | 147 |
2018-07-01 | $189,475 (11.8%) | $236,145 (15.0%) | 0.00 | 154 |
2018-08-01 | $179,900 (5.9%) | $232,410 (12.2%) | 0.00 | 161 |
2018-09-01 | $179,450 (3.2%) | $231,965 (9.2%) | 0.00 | 150 |
2018-10-01 | $179,225 (4.8%) | $234,582 (9.6%) | 0.00 | 150 |
2018-11-01 | $178,725 (5.6%) | $237,820 (11.9%) | 0.00 | 149 |
2018-12-01 | $179,450 (7.5%) | $240,201 (13.7%) | 0.00 | 153 |
2019-01-01 | $179,950 (12.2%) | $252,738 (23.6%) | 0.00 | 139 |
2019-02-01 | $181,150 (12.6%) | $251,717 (24.7%) | 0.00 | 144 |
2019-03-01 | $179,900 (2.9%) | $250,068 (12.6%) | 0.00 | 138 |
2019-04-01 | $179,900 (-1.8%) | $247,085 (1.9%) | 0.00 | 136 |
2019-05-01 | $179,925 (-3.4%) | $247,640 (4.7%) | 0.00 | 137 |
2019-06-01 | $185,000 (-2.6%) | $247,419 (3.2%) | 0.00 | 143 |
2019-07-01 | $199,000 (5.0%) | $263,741 (11.7%) | 0.00 | 142 |
2019-08-01 | $210,155 (16.8%) | $264,752 (13.9%) | 0.00 | 142 |
2019-09-01 | $226,886 (26.4%) | $272,708 (17.6%) | 0.00 | 143 |
2019-10-01 | $241,950 (35.0%) | $280,280 (19.5%) | 0.00 | 141 |
2019-11-01 | $247,450 (38.5%) | $286,437 (20.4%) | 0.00 | 141 |
2019-12-01 | $244,475 (36.2%) | $283,607 (18.1%) | 0.00 | 130 |
2020-01-01 | $227,400 (26.4%) | $279,196 (10.5%) | 0.00 | 121 |
2020-02-01 | $229,900 (26.9%) | $284,547 (13.0%) | 0.00 | 113 |
2020-03-01 | $228,450 (27.0%) | $296,155 (18.4%) | 0.00 | 104 |
2020-04-01 | $239,225 (33.0%) | $297,490 (20.4%) | 0.00 | 100 |
2020-05-01 | $265,000 (47.3%) | $318,398 (28.6%) | 0.00 | 92 |
2020-06-01 | $260,950 (41.1%) | $326,463 (32.0%) | 0.00 | 92 |
2020-07-01 | $263,450 (32.4%) | $334,424 (26.8%) | 0.00 | 82 |
2020-08-01 | $269,900 (28.4%) | $339,447 (28.2%) | 0.00 | 77 |
2020-09-01 | $259,850 (14.5%) | $314,958 (15.5%) | 0.00 | 84 |
2020-10-01 | $248,750 (2.8%) | $301,909 (7.7%) | 0.00 | 81 |
2020-11-01 | $279,225 (12.8%) | $338,754 (18.3%) | 0.00 | 69 |
2020-12-01 | $299,500 (22.5%) | $370,549 (30.7%) | 0.00 | 59 |
2021-01-01 | $265,500 (16.8%) | $347,068 (24.3%) | 0.00 | 58 |
2021-02-01 | $252,475 (9.8%) | $346,869 (21.9%) | 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%) | $424,333 (9.8%) | 0.00 | 52 |
2022-04-01 | $379,900 (53.7%) | $485,357 (26.3%) | 0.00 | 61 |
2022-05-01 | $352,650 (41.1%) | $522,320 (48.1%) | 0.00 | 80 |
2022-06-01 | $387,400 (39.6%) | $554,980 (52.1%) | 0.00 | 78 |
2022-07-01 | $379,300 (37.9%) | $543,459 (43.7%) | 0.00 | 81 |
2022-08-01 | $351,750 (20.8%) | $533,698 (33.4%) | 0.00 | 92 |
2022-09-01 | $349,225 (5.1%) | $502,491 (29.3%) | 0.00 | 101 |
2022-10-01 | $350,000 (5.3%) | $512,185 (39.8%) | 0.00 | 101 |
2022-11-01 | $330,000 (-1.6%) | $475,865 (14.7%) | 0.00 | 99 |
2022-12-01 | $334,950 (0.8%) | $461,647 (3.3%) | 0.00 | 92 |
2023-01-01 | $362,500 (13.6%) | $496,047 (13.2%) | 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 (6.2%) | 0.00 | 57 |
2023-04-01 | $382,000 (0.6%) | $464,581 (-4.3%) | 0.00 | 68 |
2023-05-01 | $399,450 (13.3%) | $495,229 (-5.2%) | 0.00 | 61 |
2023-06-01 | $372,000 (-4.0%) | $458,071 (-17.5%) | 0.00 | 70 |
2023-07-01 | $368,500 (-2.9%) | $475,426 (-12.5%) | 0.00 | 72 |
2023-08-01 | $371,725 (5.7%) | $487,546 (-8.7%) | 0.00 | 76 |
2023-09-01 | $354,500 (1.5%) | $486,099 (-3.3%) | 0.00 | 80 |
2023-10-01 | $349,475 (-0.2%) | $514,600 (0.5%) | 0.00 | 81 |
2023-11-01 | $382,225 (15.8%) | $557,315 (17.1%) | 0.00 | 96 |
2023-12-01 | $429,000 (28.1%) | $589,164 (27.6%) | 0.00 | 94 |
2024-01-01 | $418,650 (15.5%) | $588,046 (18.6%) | 0.00 | 87 |
2024-02-01 | $375,725 (7.4%) | $539,884 (12.6%) | 0.00 | 78 |
2024-03-01 | $349,500 (2.8%) | $493,598 (9.6%) | 0.00 | 94 |
2024-04-01 | $368,675 (-3.5%) | $516,186 (11.1%) | 0.00 | 107 |
2024-05-01 | $389,625 (-2.5%) | $534,965 (8.0%) | 0.00 | 108 |
2024-06-01 | $394,500 (6.1%) | $536,046 (17.0%) | 0.00 | 131 |
2024-07-01 | $387,425 (5.1%) | $514,846 (8.3%) | 0.00 | 138 |
2024-08-01 | $389,900 (4.9%) | $500,776 (2.7%) | 0.00 | 136 |
2024-09-01 | $395,000 (11.4%) | $501,283 (3.1%) | 0.00 | 141 |
Newport's median listing price comes in at 0% of the national average.
Newport's average listing price for 2024-09-01 was $501,283, a difference of $15,184 (3.1%) versus the prior year and $507 versus the prior month.
For the 2024-09-01 period, Newport had 141 MLS listings, a difference of 5 listings (4%) versus the prior month and 61 listings (76%) 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 | 1,592 sqft |
2018-02-01 | 0 days | 1,590 sqft |
2018-03-01 | 0 days | 1,620 sqft |
2018-04-01 | 0 days | 1,631 sqft |
2018-05-01 | 0 days | 1,592 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 | 1,572 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 | 1,518 sqft |
2019-02-01 | 0 days | 1,587 sqft |
2019-03-01 | 0 days | 1,604 sqft |
2019-04-01 | 0 days | 1,621 sqft |
2019-05-01 | 0 days | 1,631 sqft |
2019-06-01 | 0 days | 1,600 sqft |
2019-07-01 | 0 days | 1,600 sqft |
2019-08-01 | 0 days | 1,658 sqft |
2019-09-01 | 0 days | 1,703 sqft |
2019-10-01 | 0 days | 1,737 sqft |
2019-11-01 | 0 days | 1,740 sqft |
2019-12-01 | 0 days | 1,785 sqft |
2020-01-01 | 0 days | 1,731 sqft |
2020-02-01 | 0 days | 1,841 sqft |
2020-03-01 | 0 days | 1,792 sqft |
2020-04-01 | 0 days | 1,777 sqft |
2020-05-01 | 0 days | 1,843 sqft |
2020-06-01 | 0 days | 1,874 sqft |
2020-07-01 | 0 days | 1,848 sqft |
2020-08-01 | 0 days | 1,984 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 | 1,620 sqft |
2022-04-01 | 0 days | 1,680 sqft |
2022-05-01 | 0 days | 1,762 sqft |
2022-06-01 | 0 days | 1,896 sqft |
2022-07-01 | 0 days | 1,849 sqft |
2022-08-01 | 0 days | 1,827 sqft |
2022-09-01 | 0 days | 1,744 sqft |
2022-10-01 | 0 days | 1,686 sqft |
2022-11-01 | 0 days | 1,550 sqft |
2022-12-01 | 0 days | 1,521 sqft |
2023-01-01 | 0 days | 1,555 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 | 1,739 sqft |
2023-07-01 | 0 days | 1,738 sqft |
2023-08-01 | 0 days | 1,569 sqft |
2023-09-01 | 0 days | 1,716 sqft |
2023-10-01 | 0 days | 1,641 sqft |
2023-11-01 | 0 days | 1,700 sqft |
2023-12-01 | 0 days | 1,722 sqft |
2024-01-01 | 0 days | 1,720 sqft |
2024-02-01 | 0 days | 1,588 sqft |
2024-03-01 | 0 days | 1,576 sqft |
2024-04-01 | 0 days | 1,607 sqft |
2024-05-01 | 0 days | 1,712 sqft |
2024-06-01 | 0 days | 1,694 sqft |
2024-07-01 | 0 days | 1,752 sqft |
2024-08-01 | 0 days | 1,680 sqft |
2024-09-01 | 0 days | 1,649 sqft |
Newport's median square footage for active listings during the 2024-09-01 period was 1,649 sqft. One year prior, the average listing was 1,716 sqft.
Newport, TN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 265 | $57,245,000 | $216,019 |
Cash Out Refi | 90 | $13,150,000 | $146,111 |
Refi | 32 | $4,680,000 | $146,250 |
Other | 31 | $3,395,000 | $109,516 |
Home Improvement | 17 | $1,635,000 | $96,176 |
Newport's most frequently cited loan purpose was Home Purchase, with 265 originations. The 2nd most popular reason was Cash Out Refi, with 90 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 144 | $30,260,000 | $210,139 |
7-8% | 111 | $20,965,000 | $188,874 |
Over 8% | 83 | $11,285,000 | $135,964 |
5-6% | 68 | $13,730,000 | $201,912 |
4-5% | 8 | $1,420,000 | $177,500 |
<2.5% | 2 | $10,000 | $5,000 |
3-4% | 1 | $45,000 | $45,000 |
2.5-3% | 1 | $125,000 | $125,000 |
During 2023, Newport's most frequently originated rate bucket was 6-7%, with 144 originations.
Loan Sizing (Newport, TN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 171 | $25,415,000 | $148,626 |
$200k-400k | 141 | $36,705,000 | $260,319 |
$100,000 or less | 99 | $5,525,000 | $55,808 |
$400k-600k | 18 | $8,210,000 | $456,111 |
$600k-1000k | 6 | $4,250,000 | $708,333 |
Newport's loan sizing saw the bucket of loans from $100k-200k with 171 originations, totaling $25,415,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 173 | $39,855,000 | $230,376 |
60-80% | 91 | $19,515,000 | $214,451 |
40-60% | 57 | $8,935,000 | $156,754 |
Under 20% | 47 | $1,745,000 | $37,128 |
20-40% | 39 | $4,195,000 | $107,564 |
Over 100% | 10 | $2,260,000 | $226,000 |
Newport's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 173 originations, totaling $39,855,000 in origination value.