Newport Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Newport averaged
7.43%
for the week of 2023-11-22, compared to the national average of
7.29% for the same period.
The average rate for the prior week (2023-11-16) was
7.48% and
one month ago for the week of 2023-10-19, the
average rate was 7.67%.
Newport's average rate one year ago was 6.45%.
For refis of the same type during the week of 2023-11-22, the average rate
was 7.69%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
Newport 30 Year Fixed Rate | 2023-11-22 | 7.43% |
Newport 30 Year Fixed Rate Refi | 2023-11-22 | 7.69% |
Newport 15 Year Fixed Rate | 2023-11-22 | 6.57% |
Newport 15 Year Fixed Rate Refi | 2023-11-22 | 6.57% |
Newport 30 Year FHA | 2023-11-22 | -0.1% |
Newport 30 Year FHA Refi | 2023-11-22 | 0.2% |
Newport 30 Year USDA | 2023-11-22 | -0.1% |
Newport 30 Year USDA Refi | 2023-11-22 | 0% |
Newport 30 Year VA | 2023-11-22 | 0% |
Newport 30 Year VA Refi | 2023-11-22 | -0.1% |
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 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. 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 (0.9%) | 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%) | $493,971 (12.7%) | 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 (7.2%) | 0.00 | 57 |
2023-04-01 | $382,000 (0.6%) | $464,581 (-3.3%) | 0.00 | 68 |
2023-05-01 | $399,450 (14.2%) | $495,229 (-4.6%) | 0.00 | 61 |
2023-06-01 | $372,000 (-3.4%) | $458,071 (-17.1%) | 0.00 | 70 |
2023-07-01 | $368,500 (1.6%) | $475,426 (-12.1%) | 0.00 | 72 |
2023-08-01 | $371,725 (6.4%) | $487,546 (-8.2%) | 0.00 | 76 |
2023-09-01 | $354,500 (1.4%) | $486,099 (-3.2%) | 0.00 | 80 |
2023-10-01 | $349,475 (-1.4%) | $514,600 (0.7%) | 0.00 | 81 |
Newport's median listing price comes in at 0% of the national average.
Newport's average listing price for 2023-10-01 was $514,600, a difference of $3,577 (0.7%) versus the prior year and $28,501 versus the prior month.
For the 2023-10-01 period, Newport had 81 MLS listings, a difference of 1 listings (1%) versus the prior month and -22 listings (-21%) 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 | 1,625 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 |
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 | 1,741 sqft |
2023-07-01 | 0 days | 1,738 sqft |
2023-08-01 | 0 days | 1,718 sqft |
2023-09-01 | 0 days | 1,717 sqft |
2023-10-01 | 0 days | 1,680 sqft |
Newport's median square footage for active listings during the 2023-10-01 period was 1,680 sqft. One year prior, the average listing was 1,710 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.