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 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%
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
Newport's median listing price for 2024-09-01 was $395,000, a difference of $40,500 (11.4%) versus the prior year and $5,100 versus the prior month.

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. 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
Newport's median listing age (time on market) for 2024-09-01 was 0 days.

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.