Newport Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Newport averaged 6.82% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.81% and one month ago for the week of 2024-11-07, the average rate was 7.11%.

    Newport's average rate one year ago was 7.05%.

    For refis of the same type during the week of 2024-12-12, the average rate was 7%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Newport 30 Year Fixed Rate 2024-12-12 6.82%
    Newport 30 Year Fixed Rate Refi 2024-12-12 7%
    Newport 15 Year Fixed Rate 2024-12-12 6.04%
    Newport 15 Year Fixed Rate Refi 2024-12-12 6.44%
    Newport 30 Year FHA 2024-12-12 6.28%
    Newport 30 Year FHA Refi 2024-12-12 6.18%
    Newport 30 Year USDA 2024-12-12 6.1%
    Newport 30 Year USDA Refi 2024-12-12 6.2%
    Newport 30 Year VA 2024-12-12 6.08%
    Newport 30 Year VA Refi 2024-12-12 5.98%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 13 6.92% $6,892
    CMG MORTGAGE, INC. 13 6.82% $5,621
    MORTGAGE INVESTORS GROUP, INC. 11 6.53% $4,930
    First Horizon Bank 6 6.77% $4,020
    UNITED WHOLESALE MORTGAGE, LLC 6 7.18% $8,836
    CARDINAL FINANCIAL 5 6.90% $8,945
    Commercial Bank 5 6.78% $3,948
    FIRST COMMUNITY MORTGAGE, INC. 4 6.69% $5,000
    EASTMAN 4 7.69% $3,392
    U.S. Bank 3 6.91% $4,998
    PENNYMAC LOAN SERVICES, LLC 3 6.54% $5,657
    Truist 3 7.00% $7,100
    21ST MORTGAGE CORPORATION 2 7.71% $4,974
    Bank of America 2 7.50% $3,210
    BMO Harris Bank 2 6.25% $4,022
    JPMorgan Chase Bank 2 7.56% $3,457
    Mortgage Research Center, LLC 2 7.75% $8,625
    MOVEMENT MORTGAGE, LLC 2 6.22% $3,764
    STOCKTON MORTGAGE CORPORATION 2 6.81% $5,812
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 8.37% $6,554
    Farm Credit Mid-America, ACA 1 6.88% $9,914
    FirstBank 1 6.88% $3,898
    Citadel Servicing Corporation 1 9.50% $4,554
    BROKER SOLUTIONS, INC. 1 7.49% $6,000
    FLAT BRANCH MORTGAGE, INC. 1 6.99% $3,396
    FREEDOM MORTGAGE CORPORATION 1 7.63% $5,884
    Gateway First Bank 1 6.38% $5,306
    GoPrime Mortgage, Inc. 1 6.88% $3,724
    GVC MORTGAGE, INC. 1 6.38% $6,805
    Hometown Equity Mortgage, LLC 1 7.50% $9,126
    INTERLINC MORTGAGE SERVICES, LLC 1 5.88% $775
    ACADEMY MORTGAGE CORPORATION 1 6.25% $6,160
    KNOXVILLE TVA EMPLOYEES CREDIT UNION 1 7.63% $5,829
    LOANDEPOT.COM, LLC 1 6.99% $7,430
    Morgan Stanley Private Bank 1 6.05% $2,570
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.25% $4,496
    Y-12 Federal Credit Union 1 6.75% $6,656
    VAN DYK MORTGAGE CORPORATION 1 8.25% $6,563
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.75% $5,468
    MYCUMORTGAGE, LLC 1 8.13% $6,271
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.13% $6,179
    NAVY FEDERAL CREDIT UNION 1 9.25% $3,544
    Neighborhood Loans, Inc. 1 6.25% $4,307
    NTFN, INC. 1 6.00% $8,603
    ARC HOME LLC 1 7.00% $13,080
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.50% $4,058
    Regions Bank 1 6.13% $9,400
    ROYAL UNITED MORTGAGE LLC 1 8.13% $7,892
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.25% $5,975
    Sierra Pacific Mortgage Company, Inc. 1 6.63% $3,908
    Wolfe Financial, Inc 1 6.50% $5,289
    TIDEWATER MORTGAGE SERVICES, INC. 1 6.88% $6,905
    American Mortgage & Equity Consultants, Inc. 1 7.88% $4,797
    AMERICAN INTERNET MORTGAGE, INC. 1 6.75% $9,346
    CROSSCOUNTRY MORTGAGE, LLC 1 7.99% $4,291
    DELMAR FINANCIAL COMPANY 1 6.13% $5,174
    DIGITAL Federal Credit Union 1 5.88% $2,802
    EAGLE HOME MORTGAGE, LLC 1 7.88% $3,818
    CONSUMER Credit Union 1 5.75% $1,952

    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. 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 (0.3%) 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
    2024-10-01 $389,950 (11.6%) $505,788 (-1.7%) 0.00 136
    2024-11-01 $382,400 (0.1%) $501,320 (-10.1%) 0.00 144
    Newport's median listing price for 2024-11-01 was $382,400, a difference of $175 (0.1%) versus the prior year and $-7,550 versus the prior month.

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

    Newport's average listing price for 2024-11-01 was $501,320, a difference of $-55,995 (-10.1%) versus the prior year and $-4,468 versus the prior month.

    For the 2024-11-01 period, Newport had 144 MLS listings, a difference of 8 listings (6%) versus the prior month and 48 listings (50%) 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 1,631 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
    2024-10-01 0 days 1,724 sqft
    2024-11-01 0 days 1,680 sqft
    Newport's median listing age (time on market) for 2024-11-01 was 0 days.

    Newport's median square footage for active listings during the 2024-11-01 period was 1,680 sqft. One year prior, the average listing was 1,700 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.