Newport Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Newport averaged 6.64% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 7.12% and one month ago for the week of 2023-02-16, the average rate was 6.94%.

    Newport's average rate one year ago was 4.3%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.89%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Newport 30 Year Fixed Rate 2023-03-23 6.64%
    Newport 30 Year Fixed Rate Refi 2023-03-23 6.89%
    Newport 15 Year Fixed Rate 2023-03-23 5.68%
    Newport 15 Year Fixed Rate Refi 2023-03-23 5.99%
    Newport 30 Year FHA 2023-03-23 6.68%
    Newport 30 Year FHA Refi 2023-03-23 6.41%
    Newport 30 Year USDA 2023-03-23 6.09%
    Newport 30 Year USDA Refi 2023-03-23 6.31%
    Newport 30 Year VA 2023-03-23 6.39%
    Newport 30 Year VA Refi 2023-03-23 5.73%
    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 COMPANY, LIMITED PARTNERSHIP 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%) $493,900 (12.7%) 0.00 79
    2023-02-01 $350,000 (16.8%) $479,557 (14.7%) 0.00 65
    Newport's median listing price for 2023-02-01 was $350,000, a difference of $50,325 (16.8%) versus the prior year and $-6,250 versus the prior month.

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

    Newport's average listing price for 2023-02-01 was $479,557, a difference of $61,279 (14.7%) versus the prior year and $-14,343 versus the prior month.

    For the 2023-02-01 period, Newport had 65 MLS listings, a difference of -14 listings (-18%) versus the prior month and 21 listings (48%) 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
    Newport's median listing age (time on market) for 2023-02-01 was 0 days.

    Newport's median square footage for active listings during the 2023-02-01 period was 1,555 sqft. One year prior, the average listing was 1,715 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.