Ogdensburg - Massena Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Ogdensburg - Massena averaged
7.14%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
6.81% and
one month ago for the week of 2023-10-26, the
average rate was 7.41%.
Ogdensburg - Massena's average rate one year ago was 6.4%.
For refis of the same type during the week of 2023-11-30, the average rate
was 7.12%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
| Ogdensburg - Massena 30 Year Fixed Rate | 2023-11-30 | 7.14% |
| Ogdensburg - Massena 30 Year Fixed Rate Refi | 2023-11-30 | 7.12% |
| Ogdensburg - Massena 15 Year Fixed Rate | 2023-11-30 | 6.76% |
| Ogdensburg - Massena 15 Year Fixed Rate Refi | 2023-11-30 | 6.96% |
| Ogdensburg - Massena 30 Year FHA | 2023-11-30 | 6.43% |
| Ogdensburg - Massena 30 Year FHA Refi | 2023-11-30 | 6.85% |
| Ogdensburg - Massena 30 Year USDA | 2023-11-30 | 6.8% |
| Ogdensburg - Massena 30 Year USDA Refi | 2023-11-30 | 7% |
| Ogdensburg - Massena 30 Year VA | 2023-11-30 | 6.37% |
| Ogdensburg - Massena 30 Year VA Refi | 2023-11-30 | 6.97% |
Ogdensburg - Massena 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 Ogdensburg-Massena, NY 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.).
Ogdensburg - Massena Average Closing Costs & Other Stats
Ogdensburg-Massena, NY's 53 lenders originated 1,080
loans during 2022. The total origination value was $151,980,000, with an average loan value of
$140,722.
Ogdensburg - Massena's average closing costs are $3,778.
The top Ogdensburg - Massena lender as defined by loan originations is Community Bank, with
76 loans originated. Their average total fees are
$672, which is $3,918
lower than the next largest lender,
NORTHERN CREDIT UNION.
The lowest fee Ogdensburg - Massena lenders (with over 10 loans originated) are
Community Bank ($672), Gouverneur Savings and Loan Association ($1,195), NBT Bank ($3,700), KeyBank ($3,832) and AMERICU Credit Union ($4,563).
The lowest rate Ogdensburg - Massena lenders (with over 10 loans originated) are
KeyBank (4.50%), MOVEMENT MORTGAGE, LLC (4.70%), Gouverneur Savings and Loan Association (4.79%), AMERICU Credit Union (4.83%) and NBT Bank (4.88%).
Ogdensburg-Massena, NY 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 |
|---|---|---|---|---|
| Community Bank | $39,570,000 | $26,965,000 | -31.9% | 17.7% |
| CAPITAL COMMUNICATIONS Federal Credit Union | $16,755,000 | n/a | 11.0% | |
| QUICKEN LOANS, LLC | $32,550,000 | $15,260,000 | -53.1% | 10.0% |
| NORTHERN CREDIT UNION | $16,660,000 | $14,745,000 | -11.5% | 9.7% |
| KeyBank | $12,380,000 | $7,250,000 | -41.4% | 4.8% |
| MOVEMENT MORTGAGE, LLC | $9,110,000 | $6,655,000 | -26.9% | 4.4% |
| Gouverneur Savings and Loan Association | $12,995,000 | $6,550,000 | -49.6% | 4.3% |
| NBT Bank | $6,710,000 | $5,995,000 | -10.7% | 3.9% |
| AMERICU Credit Union | $3,460,000 | $3,840,000 | 11.0% | 2.5% |
| Mortgage Research Center, LLC | $1,800,000 | $3,665,000 | 103.6% | 2.4% |
| Genesee Regional Bank | $5,390,000 | $3,540,000 | -34.3% | 2.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $630,000 | $3,045,000 | 383.3% | 2.0% |
| Carthage Federal Savings and Loan Association | $1,885,000 | $1,940,000 | 2.9% | 1.3% |
| HOMESTEAD FUNDING CORP. | $3,445,000 | $1,850,000 | -46.3% | 1.2% |
| Wells Fargo Bank | $1,840,000 | $1,720,000 | -6.5% | 1.1% |
| NAVY FEDERAL CREDIT UNION | $2,240,000 | $1,705,000 | -23.9% | 1.1% |
| Citizens Bank | $1,535,000 | $1,655,000 | 7.8% | 1.1% |
| JPMorgan Chase Bank | $2,445,000 | $1,390,000 | -43.1% | 0.9% |
| USAA Federal Savings Bank | $490,000 | $1,315,000 | 168.4% | 0.9% |
| Arbor Realty Trust, Inc. | $1,205,000 | n/a | 0.8% | |
| PLAZA HOME MORTGAGE, INC. | $1,660,000 | $1,200,000 | -27.7% | 0.8% |
| Farm Credit East, ACA | $3,840,000 | $1,075,000 | -72.0% | 0.7% |
| M&T Bank | $1,480,000 | $1,035,000 | -30.1% | 0.7% |
| LOANDEPOT.COM, LLC | $3,245,000 | $960,000 | -70.4% | 0.6% |
| GUARANTEED RATE, INC. | $1,450,000 | $880,000 | -39.3% | 0.6% |
| Wilmington Savings Fund Society, FSB | $795,000 | n/a | 0.5% | |
| UNITED WHOLESALE MORTGAGE, LLC | $1,190,000 | $780,000 | -34.5% | 0.5% |
| Barrington Bank & Trust Company, N.A. | $845,000 | $755,000 | -10.7% | 0.5% |
| INLAND BANK & TRUST | $955,000 | $745,000 | -22.0% | 0.5% |
| TD Bank | $210,000 | $740,000 | 252.4% | 0.5% |
| Empower Federal Credit Union | $480,000 | $675,000 | 40.6% | 0.4% |
| PREMIA MORTGAGE, LLC | $590,000 | n/a | 0.4% | |
| HOME POINT FINANCIAL CORPORATION | $190,000 | $585,000 | 207.9% | 0.4% |
| AMERICAN INTERNET MORTGAGE, INC. | $565,000 | n/a | 0.4% | |
| BETTER MORTGAGE CORPORATION | $595,000 | $565,000 | -5.0% | 0.4% |
| Bank of England | $170,000 | $560,000 | 229.4% | 0.4% |
| Bank of America | $615,000 | $555,000 | -9.8% | 0.4% |
| AMERICAN FINANCING CORPORATION | $385,000 | $515,000 | 33.8% | 0.3% |
| ROYAL UNITED MORTGAGE LLC | $720,000 | $505,000 | -29.9% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,285,000 | $500,000 | -61.1% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $360,000 | $500,000 | 38.9% | 0.3% |
| NBKC BANK | $470,000 | n/a | 0.3% | |
| Premium Mortgage Corporation | $180,000 | $465,000 | 158.3% | 0.3% |
| PARAGON HOME LOANS INC. | $1,560,000 | $455,000 | -70.8% | 0.3% |
| FINANCE OF AMERICA REVERSE LLC | $415,000 | n/a | 0.3% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $415,000 | n/a | 0.3% | |
| HUNT MORTGAGE CORPORATION | $495,000 | $390,000 | -21.2% | 0.3% |
| Tompkins Trust Company | $380,000 | n/a | 0.3% | |
| Northpointe Bank | $360,000 | n/a | 0.2% | |
| CALIBER HOME LOANS, INC. | $85,000 | $345,000 | 305.9% | 0.2% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $325,000 | n/a | 0.2% | |
| NASA Federal Credit Union | $285,000 | n/a | 0.2% | |
| U.S. Bank | $115,000 | $285,000 | 147.8% | 0.2% |
| NEWREZ LLC | $450,000 | $235,000 | -47.8% | 0.2% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $35,000 | $230,000 | 557.1% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $490,000 | $230,000 | -53.1% | 0.2% |
| CONTOUR MORTGAGE CORPORATION | $225,000 | n/a | 0.1% | |
| FIRST NEW YORK | $225,000 | n/a | 0.1% | |
| CCFCU FUNDING, LLC | $645,000 | $205,000 | -68.2% | 0.1% |
| North American Savings Bank, F.S.B. | $205,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $205,000 | n/a | 0.1% | |
| DIGITAL Federal Credit Union | $115,000 | $185,000 | 60.9% | 0.1% |
| AgFirst Farm Credit Bank | $175,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $175,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $645,000 | $170,000 | -73.6% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $660,000 | $165,000 | -75.0% | 0.1% |
| TOTAL MORTGAGE SERVICES, LLC | $165,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $360,000 | $160,000 | -55.6% | 0.1% |
| UTILITIES EMPLOYEES CREDIT UNION | $160,000 | n/a | 0.1% | |
| SEFCU SERVICES, LLC | $175,000 | $145,000 | -17.1% | 0.1% |
| Walden Savings Bank | $135,000 | n/a | 0.1% | |
| Colonial Savings, F.A. | $125,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $105,000 | $115,000 | 9.5% | 0.1% |
| The Federal Savings Bank | $490,000 | $115,000 | -76.5% | 0.1% |
| A&D Mortgage LLC | $105,000 | n/a | 0.1% | |
| Northwest Bank | $105,000 | n/a | 0.1% | |
| South State Bank | $105,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $645,000 | $85,000 | -86.8% | 0.1% |
| Carrington Mortgage Services, LLC | $85,000 | n/a | 0.1% | |
| CNB Bank | $85,000 | n/a | 0.1% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $85,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $85,000 | n/a | 0.1% | |
| Ally Bank | $75,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $125,000 | $75,000 | -40.0% | 0.0% |
| Flagstar Bank, FSB | $55,000 | n/a | 0.0% | |
| UNITED MORTGAGE CORP. | $55,000 | n/a | 0.0% | |
| RBC Bank, (Georgia) | $220,000 | $45,000 | -79.5% | 0.0% |
| Adirondack Bank | $25,000 | n/a | 0.0% | |
| STATE EMPLOYEES FEDERAL CREDIT UNION | $145,000 | $25,000 | -82.8% | 0.0% |
Ogdensburg - Massena's top lender by overall market share is Community Bank, with 17.7% market share. In second place, with 11.0%, is CAPITAL COMMUNICATIONS Federal Credit Union, having originated $16,755,000 in loans. In third place, with 10.0%, is QUICKEN LOANS, LLC, having originated $15,260,000 in loans. In fourth place, with 9.7%, is NORTHERN CREDIT UNION, having originated $14,745,000 in loans. In fifth place, with 4.8%, is KeyBank, having originated $7,250,000 in loans.
Ogdensburg-Massena, NY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 582 | $85,960,000 | $147,698 |
| Refi | 175 | $18,595,000 | $106,257 |
| Home Improvement | 132 | $10,840,000 | $82,121 |
| Cash Out Refi | 96 | $31,290,000 | $325,938 |
| Other | 95 | $5,295,000 | $55,737 |
Ogdensburg - Massena's most frequently cited loan purpose was Home Purchase, with 582 originations. The 2nd most popular reason was Refi, with 175 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 272 | $37,390,000 | $137,463 |
| 4-5% | 244 | $32,510,000 | $133,238 |
| 3-4% | 239 | $48,305,000 | $202,113 |
| 6-7% | 119 | $13,385,000 | $112,479 |
| 2.5-3% | 75 | $8,205,000 | $109,400 |
| <2.5% | 70 | $6,380,000 | $91,143 |
| 7-8% | 35 | $2,745,000 | $78,429 |
| Over 8% | 15 | $965,000 | $64,333 |
During 2022, Ogdensburg - Massena's most frequently originated rate bucket was 5-6%, with 272 originations.
Loan Sizing (Ogdensburg-Massena, NY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 531 | $31,635,000 | $59,576 |
| $100k-200k | 380 | $53,370,000 | $140,447 |
| $200k-400k | 150 | $38,460,000 | $256,400 |
| $400k-600k | 11 | $5,225,000 | $475,000 |
| $600k-1000k | 4 | $2,650,000 | $662,500 |
| $Over $1MM | 4 | $20,640,000 | $5,160,000 |
Ogdensburg - Massena's loan sizing saw the bucket of loans from $100,000 or less with 531 originations, totaling $31,635,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 481 | $69,565,000 | $144,626 |
| 60-80% | 285 | $56,145,000 | $197,000 |
| 20-40% | 125 | $7,965,000 | $63,720 |
| 40-60% | 111 | $11,155,000 | $100,495 |
| Under 20% | 56 | $2,310,000 | $41,250 |
| Over 100% | 11 | $2,575,000 | $234,091 |
Ogdensburg - Massena's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 481 originations, totaling $69,565,000 in origination value.