Newport Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Newport averaged
7.09%
for the week of 2025-04-03, compared to the national average of
6.64% for the same period.
The average rate for the prior week (2025-03-27) was
6.8% and
one month ago for the week of 2025-02-27, the
average rate was 7.01%.
Newport's average rate one year ago was 7.24%.
For refis of the same type during the week of 2025-04-03, the average rate
was 6.64%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-03 | 6.64% |
| Newport 30 Year Fixed Rate | 2025-04-03 | 7.09% |
| Newport 30 Year Fixed Rate Refi | 2025-04-03 | 6.64% |
| Newport 15 Year Fixed Rate | 2025-04-03 | 5.62% |
| Newport 15 Year Fixed Rate Refi | 2025-04-03 | 5.72% |
| Newport 30 Year FHA | 2025-04-03 | 6.51% |
| Newport 30 Year FHA Refi | 2025-04-03 | 6.46% |
| Newport 30 Year USDA | 2025-04-03 | 6.52% |
| Newport 30 Year USDA Refi | 2025-04-03 | 6.42% |
| Newport 30 Year VA | 2025-04-03 | 5.96% |
| Newport 30 Year VA Refi | 2025-04-03 | 6.26% |
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 65 lenders originated 474
loans during 2024. The total origination value was $92,880,000, with an average loan value of
$195,949.
Newport's average closing costs are $5,678.
The top Newport lender as defined by loan originations is QUICKEN LOANS, LLC, with
18 loans originated. Their average total fees are
$6,442, which is $257
higher than the next largest lender,
CMG MORTGAGE, INC..
The lowest fee Newport lenders (with over 10 loans originated) are
CMG MORTGAGE, INC. ($6,184), QUICKEN LOANS, LLC ($6,442), .
The lowest rate Newport lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.66%), CMG MORTGAGE, INC. (6.76%), .
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $3,785,000 | $8,465,000 | 123.6% | 9.1% |
| QUICKEN LOANS, LLC | $6,860,000 | $6,855,000 | -0.1% | 7.4% |
| MORTGAGE INVESTORS GROUP, INC. | $4,775,000 | $6,620,000 | 38.6% | 7.1% |
| CMG MORTGAGE, INC. | $6,730,000 | $6,465,000 | -3.9% | 7.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,765,000 | $4,110,000 | 132.9% | 4.4% |
| STOCKTON MORTGAGE CORPORATION | $430,000 | $3,075,000 | 615.1% | 3.3% |
| Farm Credit Mid-America, ACA | $445,000 | $3,050,000 | 585.4% | 3.3% |
| KNOXVILLE TVA EMPLOYEES CREDIT UNION | $1,825,000 | $2,990,000 | 63.8% | 3.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $510,000 | $2,595,000 | 408.8% | 2.8% |
| CONSUMER Credit Union | $500,000 | $1,805,000 | 261.0% | 1.9% |
| MOVEMENT MORTGAGE, LLC | $370,000 | $1,800,000 | 386.5% | 1.9% |
| PENNYMAC LOAN SERVICES, LLC | $1,300,000 | $1,590,000 | 22.3% | 1.7% |
| EVERETT FINANCIAL, INC. | $95,000 | $1,425,000 | 1,400.0% | 1.5% |
| NEW DAY FINANCIAL, LLC | $1,425,000 | n/a | 1.5% | |
| EASTMAN | $1,170,000 | $1,345,000 | 15.0% | 1.4% |
| U.S. Bank | $1,725,000 | $1,340,000 | -22.3% | 1.4% |
| USAA Federal Savings Bank | $115,000 | $1,150,000 | 900.0% | 1.2% |
| ORNL Federal Credit Union | $170,000 | $1,125,000 | 561.8% | 1.2% |
| Mortgage Research Center, LLC | $2,505,000 | $1,115,000 | -55.5% | 1.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $515,000 | $1,085,000 | 110.7% | 1.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $490,000 | $1,060,000 | 116.3% | 1.1% |
| Commercial Bank | $1,560,000 | $1,010,000 | -35.3% | 1.1% |
| 21ST MORTGAGE CORPORATION | $1,710,000 | $960,000 | -43.9% | 1.0% |
| CANOPY MORTGAGE, LLC | $930,000 | n/a | 1.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $730,000 | $865,000 | 18.5% | 0.9% |
| Regions Bank | $1,070,000 | $770,000 | -28.0% | 0.8% |
| NEWREZ LLC | $595,000 | $760,000 | 27.7% | 0.8% |
| FIRST COMMUNITY MORTGAGE, INC. | $950,000 | $755,000 | -20.5% | 0.8% |
| The Huntington National Bank | $755,000 | n/a | 0.8% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $375,000 | $725,000 | 93.3% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $1,020,000 | $715,000 | -29.9% | 0.8% |
| FirstBank | $260,000 | $685,000 | 163.5% | 0.7% |
| AMERICAN FINANCIAL RESOURCES, INC. | $470,000 | $655,000 | 39.4% | 0.7% |
| First Horizon Bank | $1,590,000 | $590,000 | -62.9% | 0.6% |
| CORNERSTONE HOME LENDING, INC. | $235,000 | $585,000 | 148.9% | 0.6% |
| MID AMERICA MORTGAGE, INC. | $430,000 | $585,000 | 36.0% | 0.6% |
| Prosperity Home Mortgage, LLC | $525,000 | n/a | 0.6% | |
| ROYAL UNITED MORTGAGE LLC | $435,000 | $525,000 | 20.7% | 0.6% |
| BROKER SOLUTIONS, INC. | $630,000 | $520,000 | -17.5% | 0.6% |
| The Federal Savings Bank | $520,000 | n/a | 0.6% | |
| Countybank | $505,000 | n/a | 0.5% | |
| GUILD MORTGAGE COMPANY | $490,000 | n/a | 0.5% | |
| CHURCHILL MORTGAGE CORPORATION | $465,000 | n/a | 0.5% | |
| Y-12 Federal Credit Union | $380,000 | $465,000 | 22.4% | 0.5% |
| 1ST SIGNATURE LENDING, LLC | $520,000 | $460,000 | -11.5% | 0.5% |
| Gateway First Bank | $380,000 | $440,000 | 15.8% | 0.5% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $425,000 | n/a | 0.5% | |
| Bell Bank | $405,000 | n/a | 0.4% | |
| Truist | $1,190,000 | $400,000 | -66.4% | 0.4% |
| Brighton Bank | $395,000 | n/a | 0.4% | |
| GVC MORTGAGE, INC. | $545,000 | $385,000 | -29.4% | 0.4% |
| SUCCESS MORTGAGE PARTNERS, INC. | $385,000 | n/a | 0.4% | |
| Andrew Johnson Bank | $635,000 | $370,000 | -41.7% | 0.4% |
| Dollar Bank, Federal Savings Bank | $355,000 | n/a | 0.4% | |
| GUARANTEED RATE AFFINITY, LLC | $355,000 | n/a | 0.4% | |
| ROSS MORTGAGE CORPORATION | $355,000 | n/a | 0.4% | |
| Charles Schwab Bank, SSB | $345,000 | n/a | 0.4% | |
| UNION HOME MORTGAGE CORP. | $825,000 | $345,000 | -58.2% | 0.4% |
| SmartBank | $140,000 | $340,000 | 142.9% | 0.4% |
| RELIANCE FIRST CAPITAL, LLC | $250,000 | $320,000 | 28.0% | 0.3% |
| Tennessee State Bank | $785,000 | $300,000 | -61.8% | 0.3% |
| Appalachian Community Federal Credit Union | $295,000 | n/a | 0.3% | |
| Barrington Bank & Trust Company, N.A. | $515,000 | $295,000 | -42.7% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $295,000 | n/a | 0.3% | |
| FREEDOM MORTGAGE CORPORATION | $310,000 | $290,000 | -6.5% | 0.3% |
| Ally Bank | $285,000 | n/a | 0.3% | |
| Home Federal Bank of Tennessee | $505,000 | $285,000 | -43.6% | 0.3% |
| Leaders Credit Union | $285,000 | n/a | 0.3% | |
| LIMA ONE CAPITAL, LLC | $280,000 | n/a | 0.3% | |
| AMERICAN FINANCIAL NETWORK, INC. | $260,000 | n/a | 0.3% | |
| BM Real Estate Services, Inc. | $255,000 | n/a | 0.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $255,000 | n/a | 0.3% | |
| Equity Prime Mortgage LLC | $320,000 | $250,000 | -21.9% | 0.3% |
| HOMESIDE FINANCIAL, LLC | $250,000 | n/a | 0.3% | |
| NexBank | $245,000 | n/a | 0.3% | |
| NP, Inc. | $245,000 | n/a | 0.3% | |
| RiverHills Bank | $245,000 | n/a | 0.3% | |
| Quontic Bank | $235,000 | n/a | 0.3% | |
| Apex Bank | $225,000 | n/a | 0.2% | |
| BETTER MORTGAGE CORPORATION | $225,000 | n/a | 0.2% | |
| LOANDEPOT.COM, LLC | $1,640,000 | $215,000 | -86.9% | 0.2% |
| ZILLOW HOME LOANS, LLC | $215,000 | n/a | 0.2% | |
| AmeriHome Mortgage Company, LLC | $205,000 | n/a | 0.2% | |
| VILLAGE CAPITAL MORTGAGE | $205,000 | n/a | 0.2% | |
| Discover Bank | $75,000 | $200,000 | 166.7% | 0.2% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $195,000 | n/a | 0.2% | |
| SUMMIT FUNDING, INC. | $195,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $260,000 | $185,000 | -28.8% | 0.2% |
| Northpointe Bank | $235,000 | $185,000 | -21.3% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $155,000 | $155,000 | 0.0% | 0.2% |
| Grow Financial Federal Credit Union | $155,000 | n/a | 0.2% | |
| LONGBRIDGE FINANCIAL, LLC | $155,000 | n/a | 0.2% | |
| Alcova Mortgage LLC | $145,000 | n/a | 0.2% | |
| Citizens Bank | $270,000 | $145,000 | -46.3% | 0.2% |
| ENDEAVOR CAPITAL, LLC. | $145,000 | n/a | 0.2% | |
| NBKC BANK | $145,000 | n/a | 0.2% | |
| TOWNE MORTGAGE COMPANY | $145,000 | n/a | 0.2% | |
| Plains Commerce Bank | $140,000 | n/a | 0.2% | |
| Wells Fargo Bank | $205,000 | $135,000 | -34.1% | 0.1% |
| BEACON CREDIT UNION | $125,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $145,000 | $125,000 | -13.8% | 0.1% |
| MILEND, INC. | $125,000 | n/a | 0.1% | |
| Community Trust Bank, Inc. | $115,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $285,000 | $115,000 | -59.6% | 0.1% |
| CSL Financial, LLC | $85,000 | $105,000 | 23.5% | 0.1% |
| Powell Valley National Bank | $105,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $895,000 | $95,000 | -89.4% | 0.1% |
| State Department Federal Credit Union | $85,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $75,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $95,000 | $75,000 | -21.1% | 0.1% |
| Figure Lending LLC | $310,000 | $70,000 | -77.4% | 0.1% |
| Citizens Bank | $270,000 | $65,000 | -75.9% | 0.1% |
| Coastal Community Bank | $25,000 | $55,000 | 120.0% | 0.1% |
| Renasant Bank | $265,000 | $45,000 | -83.0% | 0.0% |
| United Community Bank | $440,000 | $35,000 | -92.0% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $25,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% |
Newport's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 9.1% market share. In second place, with 7.4%, is QUICKEN LOANS, LLC, having originated $6,855,000 in loans. In third place, with 7.1%, is MORTGAGE INVESTORS GROUP, INC., having originated $6,620,000 in loans. In fourth place, with 7.0%, is CMG MORTGAGE, INC., having originated $6,465,000 in loans. In fifth place, with 4.4%, is VANDERBILT MORTGAGE AND FINANCE, INC., having originated $4,110,000 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 | $172,000 (5.6%) | $222,050 (13.3%) | 0.00 | 136 |
| 2018-04-01 | $182,450 (12.6%) | $241,615 (23.0%) | 0.00 | 135 |
| 2018-05-01 | $184,950 (13.8%) | $235,680 (17.3%) | 0.00 | 144 |
| 2018-06-01 | $189,950 (14.1%) | $238,900 (19.5%) | 0.00 | 146 |
| 2018-07-01 | $189,000 (11.5%) | $235,312 (14.6%) | 0.00 | 153 |
| 2018-08-01 | $179,675 (5.8%) | $231,574 (11.8%) | 0.00 | 160 |
| 2018-09-01 | $179,450 (3.2%) | $231,965 (9.2%) | 0.00 | 150 |
| 2018-10-01 | $178,350 (4.3%) | $233,905 (9.3%) | 0.00 | 149 |
| 2018-11-01 | $178,175 (5.3%) | $237,143 (11.5%) | 0.00 | 148 |
| 2018-12-01 | $179,000 (7.2%) | $239,563 (13.4%) | 0.00 | 152 |
| 2019-01-01 | $179,925 (12.1%) | $252,153 (23.3%) | 0.00 | 139 |
| 2019-02-01 | $179,900 (11.8%) | $251,322 (24.5%) | 0.00 | 143 |
| 2019-03-01 | $179,900 (4.6%) | $250,227 (12.7%) | 0.00 | 136 |
| 2019-04-01 | $177,450 (-2.7%) | $247,673 (2.5%) | 0.00 | 134 |
| 2019-05-01 | $179,950 (-2.7%) | $248,283 (5.4%) | 0.00 | 136 |
| 2019-06-01 | $187,000 (-1.6%) | $248,054 (3.8%) | 0.00 | 142 |
| 2019-07-01 | $199,000 (5.3%) | $263,884 (12.1%) | 0.00 | 142 |
| 2019-08-01 | $210,155 (17.0%) | $264,569 (14.3%) | 0.00 | 142 |
| 2019-09-01 | $226,886 (26.4%) | $272,041 (17.3%) | 0.00 | 143 |
| 2019-10-01 | $241,950 (35.7%) | $279,230 (19.4%) | 0.00 | 141 |
| 2019-11-01 | $245,000 (37.5%) | $285,649 (20.5%) | 0.00 | 140 |
| 2019-12-01 | $244,450 (36.6%) | $282,719 (18.0%) | 0.00 | 129 |
| 2020-01-01 | $227,400 (26.4%) | $278,221 (10.3%) | 0.00 | 120 |
| 2020-02-01 | $225,000 (25.1%) | $283,585 (12.8%) | 0.00 | 112 |
| 2020-03-01 | $228,450 (27.0%) | $296,155 (18.4%) | 0.00 | 104 |
| 2020-04-01 | $239,225 (34.8%) | $297,490 (20.1%) | 0.00 | 100 |
| 2020-05-01 | $265,000 (47.3%) | $318,398 (28.2%) | 0.00 | 92 |
| 2020-06-01 | $260,950 (39.6%) | $326,463 (31.6%) | 0.00 | 92 |
| 2020-07-01 | $263,450 (32.4%) | $334,424 (26.7%) | 0.00 | 82 |
| 2020-08-01 | $269,900 (28.4%) | $339,447 (28.3%) | 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%) | $428,297 (10.9%) | 0.00 | 52 |
| 2022-04-01 | $383,950 (55.3%) | $491,544 (27.9%) | 0.00 | 62 |
| 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 | $349,725 (20.1%) | $531,131 (32.7%) | 0.00 | 91 |
| 2022-09-01 | $349,450 (5.2%) | $503,522 (29.5%) | 0.00 | 102 |
| 2022-10-01 | $350,000 (5.3%) | $510,947 (39.5%) | 0.00 | 101 |
| 2022-11-01 | $330,000 (-1.6%) | $474,624 (14.4%) | 0.00 | 99 |
| 2022-12-01 | $330,000 (-0.7%) | $458,166 (2.5%) | 0.00 | 91 |
| 2023-01-01 | $362,500 (13.6%) | $493,289 (12.6%) | 0.00 | 81 |
| 2023-02-01 | $350,000 (16.8%) | $480,494 (14.9%) | 0.00 | 66 |
| 2023-03-01 | $339,900 (13.3%) | $450,459 (5.2%) | 0.00 | 57 |
| 2023-04-01 | $382,000 (-0.5%) | $464,581 (-5.5%) | 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 (6.3%) | $487,546 (-8.2%) | 0.00 | 76 |
| 2023-09-01 | $354,500 (1.5%) | $486,099 (-3.5%) | 0.00 | 80 |
| 2023-10-01 | $349,475 (-0.2%) | $514,600 (0.7%) | 0.00 | 81 |
| 2023-11-01 | $382,225 (15.8%) | $557,315 (17.4%) | 0.00 | 96 |
| 2023-12-01 | $429,000 (30.0%) | $589,164 (28.6%) | 0.00 | 94 |
| 2024-01-01 | $418,650 (15.5%) | $588,046 (19.2%) | 0.00 | 87 |
| 2024-02-01 | $375,725 (7.4%) | $539,884 (12.4%) | 0.00 | 78 |
| 2024-03-01 | $349,000 (2.7%) | $494,164 (9.7%) | 0.00 | 93 |
| 2024-04-01 | $367,450 (-3.8%) | $516,871 (11.3%) | 0.00 | 106 |
| 2024-05-01 | $389,250 (-2.6%) | $533,132 (7.7%) | 0.00 | 107 |
| 2024-06-01 | $389,500 (4.7%) | $534,055 (16.6%) | 0.00 | 130 |
| 2024-07-01 | $386,950 (5.0%) | $515,433 (8.4%) | 0.00 | 137 |
| 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 |
| 2024-12-01 | $378,850 (-11.7%) | $477,859 (-18.9%) | 0.00 | 143 |
| 2025-01-01 | $362,250 (-13.5%) | $458,646 (-22.0%) | 0.00 | 123 |
| 2025-02-01 | $352,175 (-6.3%) | $435,398 (-19.4%) | 0.00 | 128 |
| 2025-03-01 | $366,900 (5.1%) | $449,912 (-9.0%) | 0.00 | 145 |
Newport's median listing price comes in at 0% of the national average.
Newport's average listing price for 2025-03-01 was $449,912, a difference of $-44,252 (-9.0%) versus the prior year and $14,514 versus the prior month.
For the 2025-03-01 period, Newport had 145 MLS listings, a difference of 17 listings (13%) versus the prior month and 52 listings (56%) 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 | 1,606 sqft |
| 2018-04-01 | 0 days | 1,625 sqft |
| 2018-05-01 | 0 days | 1,588 sqft |
| 2018-06-01 | 0 days | 1,583 sqft |
| 2018-07-01 | 0 days | 1,577 sqft |
| 2018-08-01 | 0 days | 1,614 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 | 1,513 sqft |
| 2019-02-01 | 0 days | 1,585 sqft |
| 2019-03-01 | 0 days | 1,604 sqft |
| 2019-04-01 | 0 days | 1,621 sqft |
| 2019-05-01 | 0 days | 1,625 sqft |
| 2019-06-01 | 0 days | 1,588 sqft |
| 2019-07-01 | 0 days | 1,585 sqft |
| 2019-08-01 | 0 days | 1,631 sqft |
| 2019-09-01 | 0 days | 1,676 sqft |
| 2019-10-01 | 0 days | 1,706 sqft |
| 2019-11-01 | 0 days | 1,738 sqft |
| 2019-12-01 | 0 days | 1,777 sqft |
| 2020-01-01 | 0 days | 1,701 sqft |
| 2020-02-01 | 0 days | 1,838 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 | 1,628 sqft |
| 2022-04-01 | 0 days | 1,699 sqft |
| 2022-05-01 | 0 days | 1,762 sqft |
| 2022-06-01 | 0 days | 1,884 sqft |
| 2022-07-01 | 0 days | 1,849 sqft |
| 2022-08-01 | 0 days | 1,817 sqft |
| 2022-09-01 | 0 days | 1,750 sqft |
| 2022-10-01 | 0 days | 1,686 sqft |
| 2022-11-01 | 0 days | 1,550 sqft |
| 2022-12-01 | 0 days | 1,520 sqft |
| 2023-01-01 | 0 days | 1,573 sqft |
| 2023-02-01 | 0 days | 1,573 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 | 1,572 sqft |
| 2024-04-01 | 0 days | 1,590 sqft |
| 2024-05-01 | 0 days | 1,706 sqft |
| 2024-06-01 | 0 days | 1,694 sqft |
| 2024-07-01 | 0 days | 1,744 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 |
| 2024-12-01 | 0 days | 1,648 sqft |
| 2025-01-01 | 0 days | 1,596 sqft |
| 2025-02-01 | 0 days | 1,524 sqft |
| 2025-03-01 | 0 days | 1,613 sqft |
Newport's median square footage for active listings during the 2025-03-01 period was 1,613 sqft. One year prior, the average listing was 1,572 sqft.
Newport, TN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 295 | $66,295,000 | $224,729 |
| Cash Out Refi | 91 | $13,775,000 | $151,374 |
| Refi | 35 | $8,485,000 | $242,429 |
| Home Improvement | 27 | $2,015,000 | $74,630 |
| Other | 26 | $2,310,000 | $88,846 |
Newport's most frequently cited loan purpose was Home Purchase, with 295 originations. The 2nd most popular reason was Cash Out Refi, with 91 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 199 | $44,335,000 | $222,789 |
| 7-8% | 91 | $19,445,000 | $213,681 |
| Over 8% | 91 | $9,455,000 | $103,901 |
| 5-6% | 74 | $16,490,000 | $222,838 |
| <2.5% | 4 | $780,000 | $195,000 |
| 4-5% | 3 | $805,000 | $268,333 |
During 2024, Newport's most frequently originated rate bucket was 6-7%, with 199 originations.
Loan Sizing (Newport, TN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 166 | $45,710,000 | $275,361 |
| $100k-200k | 165 | $25,145,000 | $152,394 |
| $100,000 or less | 114 | $6,070,000 | $53,246 |
| $400k-600k | 24 | $11,340,000 | $472,500 |
| $600k-1000k | 4 | $3,090,000 | $772,500 |
| $Over $1MM | 1 | $1,525,000 | $1,525,000 |
Newport's loan sizing saw the bucket of loans from $200k-400k with 166 originations, totaling $45,710,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 196 | $51,080,000 | $260,612 |
| 60-80% | 95 | $21,575,000 | $227,105 |
| Under 20% | 55 | $2,175,000 | $39,545 |
| 20-40% | 52 | $4,760,000 | $91,538 |
| 40-60% | 44 | $7,010,000 | $159,318 |
| Over 100% | 17 | $3,465,000 | $203,824 |
Newport's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 196 originations, totaling $51,080,000 in origination value.