Oil City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Oil City averaged
7.07%
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
7.44% and
one month ago for the week of 2023-10-26, the
average rate was 7.94%.
Oil City's average rate one year ago was 6.53%.
For refis of the same type during the week of 2023-11-30, the average rate
was 7.52%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
Oil City 30 Year Fixed Rate | 2023-11-30 | 7.07% |
Oil City 30 Year Fixed Rate Refi | 2023-11-30 | 7.52% |
Oil City 15 Year Fixed Rate | 2023-11-30 | 6.36% |
Oil City 15 Year Fixed Rate Refi | 2023-11-30 | 6.86% |
Oil City 30 Year FHA | 2023-11-30 | 6.55% |
Oil City 30 Year FHA Refi | 2023-11-30 | 6.85% |
Oil City 30 Year USDA | 2023-11-30 | 6.9% |
Oil City 30 Year USDA Refi | 2023-11-30 | 7% |
Oil City 30 Year VA | 2023-11-30 | 6.87% |
Oil City 30 Year VA Refi | 2023-11-30 | 6.77% |
Oil City 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 Oil City, PA 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.).
Oil City Average Closing Costs & Other Stats
Oil City, PA's 60 lenders originated 776
loans during 2022. The total origination value was $91,450,000, with an average loan value of
$117,848.
Oil City's average closing costs are $4,651.
The top Oil City lender as defined by loan originations is Northwest Bank, with
24 loans originated. Their average total fees are
$3,850, which is $720
lower than the next largest lender,
TIDEWATER MORTGAGE SERVICES, INC..
The lowest fee Oil City lenders (with over 10 loans originated) are
Northwest Bank ($3,850), TIDEWATER MORTGAGE SERVICES, INC. ($4,570), QUICKEN LOANS, LLC ($6,526), .
The lowest rate Oil City lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (4.91%), Northwest Bank (5.05%), TIDEWATER MORTGAGE SERVICES, INC. (5.50%), .
Oil City, PA 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 |
---|---|---|---|---|
Northwest Bank | $20,820,000 | $13,850,000 | -33.5% | 15.1% |
QUICKEN LOANS, LLC | $12,185,000 | $7,820,000 | -35.8% | 8.6% |
TIDEWATER MORTGAGE SERVICES, INC. | $6,580,000 | $5,985,000 | -9.0% | 6.5% |
First National Bank of Pennsylvania | $6,320,000 | $5,595,000 | -11.5% | 6.1% |
Citizens Bank | $6,975,000 | $4,450,000 | -36.2% | 4.9% |
PNC Bank | $4,945,000 | $4,375,000 | -11.5% | 4.8% |
Arbor Realty Trust, Inc. | $3,045,000 | n/a | 3.3% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $3,475,000 | $2,915,000 | -16.1% | 3.2% |
The Farmers National Bank of Emlenton | $3,530,000 | $2,900,000 | -17.8% | 3.2% |
Greenville Savings Bank | $2,825,000 | $2,350,000 | -16.8% | 2.6% |
Mortgage Research Center, LLC | $1,735,000 | $2,010,000 | 15.9% | 2.2% |
PENNSYLVANIA STATE EMPLOYEES Credit Union | $2,710,000 | $1,960,000 | -27.7% | 2.1% |
Mars Bank | $85,000 | $1,785,000 | 2,000.0% | 2.0% |
Mercer County State Bank | $3,215,000 | $1,640,000 | -49.0% | 1.8% |
The Huntington National Bank | $1,160,000 | $1,595,000 | 37.5% | 1.7% |
Grove City Area Federal Credit Union | $1,065,000 | $1,560,000 | 46.5% | 1.7% |
The Federal Savings Bank | $1,495,000 | n/a | 1.6% | |
UNITED WHOLESALE MORTGAGE, LLC | $1,100,000 | $1,445,000 | 31.4% | 1.6% |
UNION HOME MORTGAGE CORP. | $2,255,000 | $1,195,000 | -47.0% | 1.3% |
Dollar Bank, Federal Savings Bank | $275,000 | $955,000 | 247.3% | 1.0% |
Wells Fargo Bank | $600,000 | $875,000 | 45.8% | 1.0% |
Mr. Cooper ( Nationstar Mortgage ) | $1,040,000 | $725,000 | -30.3% | 0.8% |
NAVY FEDERAL CREDIT UNION | $1,390,000 | $710,000 | -48.9% | 0.8% |
Waterstone Mortgage Corporation | $355,000 | $695,000 | 95.8% | 0.8% |
Flagstar Bank, FSB | $85,000 | $635,000 | 647.1% | 0.7% |
HOWARD HANNA FINANCIAL SERVICES, INC. | $115,000 | $565,000 | 391.3% | 0.6% |
M&T Bank | $565,000 | n/a | 0.6% | |
BROKER SOLUTIONS, INC. | $375,000 | $550,000 | 46.7% | 0.6% |
LOANDEPOT.COM, LLC | $470,000 | $540,000 | 14.9% | 0.6% |
ARMCO CREDIT UNION | $360,000 | $520,000 | 44.4% | 0.6% |
Union Savings Bank | $1,055,000 | $520,000 | -50.7% | 0.6% |
First Commonwealth Bank | $230,000 | $515,000 | 123.9% | 0.6% |
RELIANCE FIRST CAPITAL, LLC | $105,000 | $485,000 | 361.9% | 0.5% |
USAA Federal Savings Bank | $415,000 | $485,000 | 16.9% | 0.5% |
Toyota Financial Savings Bank | $425,000 | n/a | 0.5% | |
PENNYMAC LOAN SERVICES, LLC | $1,645,000 | $405,000 | -75.4% | 0.4% |
Marquette Savings Bank | $480,000 | $395,000 | -17.7% | 0.4% |
Equity Prime Mortgage LLC | $75,000 | $350,000 | 366.7% | 0.4% |
NEWREZ LLC | $880,000 | $335,000 | -61.9% | 0.4% |
CALIBER HOME LOANS, INC. | $65,000 | $320,000 | 392.3% | 0.3% |
BETTER MORTGAGE CORPORATION | $125,000 | $305,000 | 144.0% | 0.3% |
KeyBank | $300,000 | n/a | 0.3% | |
FREEDOM MORTGAGE CORPORATION | $2,360,000 | $290,000 | -87.7% | 0.3% |
UTILITIES EMPLOYEES CREDIT UNION | $185,000 | $290,000 | 56.8% | 0.3% |
Carrington Mortgage Services, LLC | $190,000 | $280,000 | 47.4% | 0.3% |
InFirst Bank | $155,000 | $275,000 | 77.4% | 0.3% |
HOME POINT FINANCIAL CORPORATION | $225,000 | $270,000 | 20.0% | 0.3% |
WEST PENN FINANCIAL SERVICE CENTER, INC. | $200,000 | $260,000 | 30.0% | 0.3% |
Barrington Bank & Trust Company, N.A. | $200,000 | $255,000 | 27.5% | 0.3% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $255,000 | n/a | 0.3% | |
MidAtlantic Farm Credit, ACA | $255,000 | n/a | 0.3% | |
ROYAL UNITED MORTGAGE LLC | $455,000 | $255,000 | -44.0% | 0.3% |
AFFORDABLE MORTGAGE ADVISORS, LLC. | $75,000 | $250,000 | 233.3% | 0.3% |
AMERICAN FINANCIAL RESOURCES, INC. | $505,000 | $250,000 | -50.5% | 0.3% |
CROSSCOUNTRY MORTGAGE, LLC | $220,000 | $250,000 | 13.6% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $115,000 | $235,000 | 104.3% | 0.3% |
NEW DAY FINANCIAL, LLC | $415,000 | $230,000 | -44.6% | 0.3% |
LIBERTY HOME MORTGAGE CORPORATION | $225,000 | n/a | 0.2% | |
Gateway First Bank | $95,000 | $220,000 | 131.6% | 0.2% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $215,000 | n/a | 0.2% | |
NEXTIER BANK, NATIONAL ASSOCIATION | $440,000 | $215,000 | -51.1% | 0.2% |
Washington Financial Bank | $560,000 | $215,000 | -61.6% | 0.2% |
CBM Mortgage, Inc. | $205,000 | n/a | 0.2% | |
Fulton Bank | $205,000 | n/a | 0.2% | |
JPMorgan Chase Bank | $615,000 | $205,000 | -66.7% | 0.2% |
PREMIA MORTGAGE, LLC | $205,000 | n/a | 0.2% | |
CNB Bank | $1,350,000 | $200,000 | -85.2% | 0.2% |
American Financial Mortgage Corporation | $195,000 | n/a | 0.2% | |
MOVEMENT MORTGAGE, LLC | $350,000 | $195,000 | -44.3% | 0.2% |
21ST MORTGAGE CORPORATION | $25,000 | $190,000 | 660.0% | 0.2% |
GUILD MORTGAGE COMPANY | $185,000 | n/a | 0.2% | |
Nations Lending Corporation | $215,000 | $165,000 | -23.3% | 0.2% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $155,000 | n/a | 0.2% | |
AFFINITY | $145,000 | n/a | 0.2% | |
Blue Ridge Bank | $235,000 | $145,000 | -38.3% | 0.2% |
EVERETT FINANCIAL, INC. | $145,000 | n/a | 0.2% | |
Network Funding, L.P. | $145,000 | n/a | 0.2% | |
WELCOME HOME FINANCE, L.P. | $145,000 | n/a | 0.2% | |
Discover Bank | $35,000 | $140,000 | 300.0% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $140,000 | n/a | 0.2% | |
S&T Bank | $1,030,000 | $140,000 | -86.4% | 0.2% |
Magnolia Bank | $125,000 | n/a | 0.1% | |
Northpointe Bank | $125,000 | n/a | 0.1% | |
Figure Lending LLC | $25,000 | $120,000 | 380.0% | 0.1% |
ARC HOME LLC | $115,000 | n/a | 0.1% | |
HOMESIDE FINANCIAL, LLC | $410,000 | $115,000 | -72.0% | 0.1% |
NP, Inc. | $115,000 | n/a | 0.1% | |
PLAZA HOME MORTGAGE, INC. | $105,000 | $115,000 | 9.5% | 0.1% |
STOCKTON MORTGAGE CORPORATION | $115,000 | n/a | 0.1% | |
TOWNE MORTGAGE COMPANY | $495,000 | $115,000 | -76.8% | 0.1% |
GUARANTEED RATE, INC. | $515,000 | $105,000 | -79.6% | 0.1% |
TOP FLITE FINANCIAL, INC. | $105,000 | n/a | 0.1% | |
USX Federal Credit Union | $105,000 | n/a | 0.1% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $55,000 | $95,000 | 72.7% | 0.1% |
Secured Investment Corp. | $85,000 | n/a | 0.1% | |
Wyndham Capital Mortgage, Inc. | $95,000 | $85,000 | -10.5% | 0.1% |
ROSS MORTGAGE CORPORATION | $75,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $75,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $65,000 | n/a | 0.1% | |
Mortgage America, Inc. | $155,000 | $65,000 | -58.1% | 0.1% |
Bank of America | $220,000 | $55,000 | -75.0% | 0.1% |
LIMA ONE CAPITAL, LLC | $55,000 | n/a | 0.1% | |
AmeriServ Financial Bank | $2,125,000 | $45,000 | -97.9% | 0.0% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $25,000 | n/a | 0.0% | |
The ONE | $155,000 | $25,000 | -83.9% | 0.0% |
POLICE & FIRE | $55,000 | $15,000 | -72.7% | 0.0% |
Oil City's top lender by overall market share is Northwest Bank, with 15.1% market share. In second place, with 8.6%, is QUICKEN LOANS, LLC, having originated $7,820,000 in loans. In third place, with 6.5%, is TIDEWATER MORTGAGE SERVICES, INC., having originated $5,985,000 in loans. In fourth place, with 6.1%, is First National Bank of Pennsylvania, having originated $5,595,000 in loans. In fifth place, with 4.9%, is Citizens Bank, having originated $4,450,000 in loans.
Oil City Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Oil City (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 | $88,475 (6.4%) | $125,675 (3.2%) | 0.00 | 288 |
2018-02-01 | $88,475 (6.8%) | $122,899 (0.2%) | 0.00 | 288 |
2018-03-01 | $85,000 (1.3%) | $118,783 (-5.1%) | 0.00 | 299 |
2018-04-01 | $83,700 (-3.2%) | $119,026 (-4.9%) | 0.00 | 314 |
2018-05-01 | $83,700 (-6.9%) | $119,536 (-6.5%) | 0.00 | 333 |
2018-06-01 | $84,900 (-5.3%) | $120,530 (-4.9%) | 0.00 | 334 |
2018-07-01 | $87,875 (-2.9%) | $127,391 (-2.9%) | 0.00 | 333 |
2018-08-01 | $88,450 (-2.5%) | $130,496 (-0.2%) | 0.00 | 336 |
2018-09-01 | $93,500 (3.3%) | $127,517 (-2.4%) | 0.00 | 323 |
2018-10-01 | $96,550 (7.4%) | $126,661 (-3.5%) | 0.00 | 311 |
2018-11-01 | $96,400 (7.2%) | $124,806 (-4.2%) | 0.00 | 291 |
2018-12-01 | $94,200 (4.8%) | $122,707 (-5.1%) | 0.00 | 268 |
2019-01-01 | $89,800 (1.5%) | $122,309 (-2.7%) | 0.00 | 254 |
2019-02-01 | $89,700 (1.4%) | $124,085 (1.0%) | 0.00 | 247 |
2019-03-01 | $92,371 (8.7%) | $127,185 (7.1%) | 0.00 | 236 |
2019-04-01 | $97,950 (17.0%) | $129,640 (8.9%) | 0.00 | 219 |
2019-05-01 | $98,875 (18.1%) | $126,140 (5.5%) | 0.00 | 212 |
2019-06-01 | $97,400 (14.7%) | $127,545 (5.8%) | 0.00 | 210 |
2019-07-01 | $89,450 (1.8%) | $123,188 (-3.3%) | 0.00 | 223 |
2019-08-01 | $89,973 (1.7%) | $122,119 (-6.4%) | 0.00 | 233 |
2019-09-01 | $89,932 (-3.8%) | $121,451 (-4.8%) | 0.00 | 233 |
2019-10-01 | $89,900 (-6.9%) | $121,432 (-4.1%) | 0.00 | 231 |
2019-11-01 | $92,950 (-3.6%) | $130,629 (4.7%) | 0.00 | 230 |
2019-12-01 | $93,650 (-0.6%) | $132,696 (8.1%) | 0.00 | 224 |
2020-01-01 | $91,950 (2.4%) | $134,243 (9.8%) | 0.00 | 212 |
2020-02-01 | $94,700 (5.6%) | $138,102 (11.3%) | 0.00 | 200 |
2020-03-01 | $90,000 (-2.6%) | $136,226 (7.1%) | 0.00 | 192 |
2020-04-01 | $89,875 (-8.2%) | $136,176 (5.0%) | 0.00 | 183 |
2020-05-01 | $92,500 (-6.5%) | $139,730 (10.8%) | 0.00 | 167 |
2020-06-01 | $94,950 (-2.5%) | $141,453 (10.9%) | 0.00 | 169 |
2020-07-01 | $95,225 (6.5%) | $146,833 (19.2%) | 0.00 | 155 |
2020-08-01 | $89,950 (0.0%) | $139,730 (14.4%) | 0.00 | 139 |
2020-09-01 | $85,000 (-5.5%) | $120,207 (-1.0%) | 0.00 | 142 |
2020-10-01 | $91,000 (1.2%) | $141,610 (16.6%) | 0.00 | 139 |
2020-11-01 | $97,000 (4.4%) | $147,251 (12.7%) | 0.00 | 123 |
2020-12-01 | $99,700 (6.5%) | $147,394 (11.1%) | 0.00 | 113 |
2021-01-01 | $99,250 (7.9%) | $140,997 (5.0%) | 0.00 | 109 |
2021-02-01 | $99,475 (5.0%) | $149,505 (8.3%) | 0.00 | 98 |
2021-03-01 | $102,975 (14.4%) | $164,037 (20.4%) | 0.00 | 79 |
2021-04-01 | $99,600 (10.8%) | $158,515 (16.4%) | 0.00 | 87 |
2021-05-01 | $99,000 (7.0%) | $152,975 (9.5%) | 0.00 | 92 |
2021-06-01 | $114,900 (21.0%) | $153,075 (8.2%) | 0.00 | 91 |
2021-07-01 | $119,000 (25.0%) | $172,106 (17.2%) | 0.00 | 93 |
2021-08-01 | $119,000 (32.3%) | $188,295 (34.8%) | 0.00 | 87 |
2021-09-01 | $115,000 (35.3%) | $163,500 (36.0%) | 0.00 | 92 |
2021-10-01 | $112,400 (23.5%) | $141,317 (-0.2%) | 0.00 | 89 |
2021-11-01 | $97,725 (0.8%) | $138,304 (-6.1%) | 0.00 | 88 |
2021-12-01 | $90,600 (-9.1%) | $138,243 (-6.2%) | 0.00 | 93 |
2022-01-01 | $94,000 (-5.3%) | $140,861 (-0.1%) | 0.00 | 87 |
2022-02-01 | $98,225 (-1.3%) | $148,653 (-0.6%) | 0.00 | 83 |
2022-03-01 | $107,450 (4.4%) | $169,044 (3.1%) | 0.00 | 78 |
2022-04-01 | $128,000 (28.5%) | $192,310 (21.3%) | 0.00 | 76 |
2022-05-01 | $126,850 (28.1%) | $188,253 (23.1%) | 0.00 | 95 |
2022-06-01 | $130,075 (13.2%) | $193,770 (26.6%) | 0.00 | 108 |
2022-07-01 | $129,900 (9.2%) | $187,312 (8.8%) | 0.00 | 119 |
2022-08-01 | $132,050 (11.0%) | $186,650 (-0.9%) | 0.00 | 109 |
2022-09-01 | $122,450 (6.5%) | $180,621 (10.5%) | 0.00 | 102 |
2022-10-01 | $119,900 (6.7%) | $164,242 (16.2%) | 0.00 | 103 |
2022-11-01 | $125,000 (27.9%) | $166,110 (20.1%) | 0.00 | 106 |
2022-12-01 | $129,700 (43.2%) | $194,273 (40.5%) | 0.00 | 99 |
2023-01-01 | $127,175 (35.3%) | $190,873 (35.5%) | 0.00 | 93 |
2023-02-01 | $128,175 (30.5%) | $190,087 (27.9%) | 0.00 | 80 |
2023-03-01 | $128,725 (19.8%) | $193,138 (14.3%) | 0.00 | 72 |
2023-04-01 | $132,200 (3.3%) | $196,896 (2.4%) | 0.00 | 73 |
2023-05-01 | $133,950 (5.6%) | $192,493 (2.3%) | 0.00 | 75 |
2023-06-01 | $150,875 (16.0%) | $206,635 (6.6%) | 0.00 | 86 |
2023-07-01 | $160,000 (23.2%) | $218,452 (16.6%) | 0.00 | 98 |
2023-08-01 | $151,225 (14.5%) | $242,005 (29.7%) | 0.00 | 104 |
2023-09-01 | $157,000 (28.2%) | $245,743 (36.1%) | 0.00 | 106 |
2023-10-01 | $167,675 (39.9%) | $245,934 (49.7%) | 0.00 | 100 |
2023-11-01 | $148,000 (18.4%) | $227,094 (36.7%) | 0.00 | 105 |
Oil City's median listing price comes in at 0% of the national average.
Oil City's average listing price for 2023-11-01 was $227,094, a difference of $60,984 (36.7%) versus the prior year and $-18,840 versus the prior month.
For the 2023-11-01 period, Oil City had 105 MLS listings, a difference of 5 listings (5%) versus the prior month and -1 listings (-1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Oil City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,509 sqft |
2018-02-01 | 0 days | 1,509 sqft |
2018-03-01 | 0 days | 1,496 sqft |
2018-04-01 | 0 days | 1,494 sqft |
2018-05-01 | 0 days | 1,513 sqft |
2018-06-01 | 0 days | 1,521 sqft |
2018-07-01 | 0 days | 1,528 sqft |
2018-08-01 | 0 days | 1,536 sqft |
2018-09-01 | 0 days | 1,536 sqft |
2018-10-01 | 0 days | 1,522 sqft |
2018-11-01 | 0 days | 1,528 sqft |
2018-12-01 | 0 days | 1,528 sqft |
2019-01-01 | 0 days | 1,512 sqft |
2019-02-01 | 0 days | 1,512 sqft |
2019-03-01 | 0 days | 1,522 sqft |
2019-04-01 | 0 days | 1,519 sqft |
2019-05-01 | 0 days | 1,491 sqft |
2019-06-01 | 0 days | 1,498 sqft |
2019-07-01 | 0 days | 1,508 sqft |
2019-08-01 | 0 days | 1,508 sqft |
2019-09-01 | 0 days | 1,497 sqft |
2019-10-01 | 0 days | 1,504 sqft |
2019-11-01 | 0 days | 1,538 sqft |
2019-12-01 | 0 days | 1,534 sqft |
2020-01-01 | 0 days | 1,537 sqft |
2020-02-01 | 0 days | 1,537 sqft |
2020-03-01 | 0 days | 1,491 sqft |
2020-04-01 | 0 days | 1,453 sqft |
2020-05-01 | 0 days | 1,488 sqft |
2020-06-01 | 0 days | 1,527 sqft |
2020-07-01 | 0 days | 1,549 sqft |
2020-08-01 | 0 days | 1,515 sqft |
2020-09-01 | 0 days | 1,462 sqft |
2020-10-01 | 0 days | 1,456 sqft |
2020-11-01 | 0 days | 1,515 sqft |
2020-12-01 | 0 days | 1,514 sqft |
2021-01-01 | 0 days | 1,560 sqft |
2021-02-01 | 0 days | 1,579 sqft |
2021-03-01 | 0 days | 1,571 sqft |
2021-04-01 | 0 days | 1,573 sqft |
2021-05-01 | 0 days | 1,626 sqft |
2021-06-01 | 0 days | 1,594 sqft |
2021-07-01 | 0 days | 1,529 sqft |
2021-08-01 | 0 days | 1,636 sqft |
2021-09-01 | 0 days | 1,482 sqft |
2021-10-01 | 0 days | 1,456 sqft |
2021-11-01 | 0 days | 1,455 sqft |
2021-12-01 | 0 days | 1,458 sqft |
2022-01-01 | 0 days | 1,507 sqft |
2022-02-01 | 0 days | 1,513 sqft |
2022-03-01 | 0 days | 1,514 sqft |
2022-04-01 | 0 days | 1,544 sqft |
2022-05-01 | 0 days | 1,544 sqft |
2022-06-01 | 0 days | 1,515 sqft |
2022-07-01 | 0 days | 1,448 sqft |
2022-08-01 | 0 days | 1,466 sqft |
2022-09-01 | 0 days | 1,405 sqft |
2022-10-01 | 0 days | 1,500 sqft |
2022-11-01 | 0 days | 1,484 sqft |
2022-12-01 | 0 days | 1,526 sqft |
2023-01-01 | 0 days | 1,560 sqft |
2023-02-01 | 0 days | 1,558 sqft |
2023-03-01 | 0 days | 1,490 sqft |
2023-04-01 | 0 days | 1,408 sqft |
2023-05-01 | 0 days | 1,454 sqft |
2023-06-01 | 0 days | 1,486 sqft |
2023-07-01 | 0 days | 1,594 sqft |
2023-08-01 | 0 days | 1,610 sqft |
2023-09-01 | 0 days | 1,624 sqft |
2023-10-01 | 0 days | 1,626 sqft |
2023-11-01 | 0 days | 1,631 sqft |
Oil City's median square footage for active listings during the 2023-11-01 period was 1,631 sqft. One year prior, the average listing was 1,484 sqft.
Oil City, PA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 334 | $46,470,000 | $139,132 |
Refi | 133 | $14,165,000 | $106,504 |
Cash Out Refi | 123 | $18,365,000 | $149,309 |
Home Improvement | 105 | $6,685,000 | $63,667 |
Other | 81 | $5,765,000 | $71,173 |
Oil City's most frequently cited loan purpose was Home Purchase, with 334 originations. The 2nd most popular reason was Refi, with 133 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 203 | $26,715,000 | $131,601 |
3-4% | 167 | $19,805,000 | $118,593 |
4-5% | 154 | $17,430,000 | $113,182 |
6-7% | 75 | $6,405,000 | $85,400 |
<2.5% | 51 | $5,765,000 | $113,039 |
2.5-3% | 44 | $5,930,000 | $134,773 |
7-8% | 27 | $2,415,000 | $89,444 |
Over 8% | 18 | $1,060,000 | $58,889 |
During 2022, Oil City's most frequently originated rate bucket was 5-6%, with 203 originations.
Loan Sizing (Oil City, PA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 401 | $23,305,000 | $58,117 |
$100k-200k | 283 | $38,375,000 | $135,601 |
$200k-400k | 84 | $21,380,000 | $254,524 |
$400k-600k | 4 | $1,660,000 | $415,000 |
$Over $1MM | 3 | $6,125,000 | $2,041,667 |
$600k-1000k | 1 | $605,000 | $605,000 |
Oil City's loan sizing saw the bucket of loans from $100,000 or less with 401 originations, totaling $23,305,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 296 | $39,990,000 | $135,101 |
60-80% | 189 | $25,425,000 | $134,524 |
20-40% | 111 | $6,895,000 | $62,117 |
40-60% | 83 | $10,475,000 | $126,205 |
Under 20% | 52 | $1,880,000 | $36,154 |
Over 100% | 5 | $655,000 | $131,000 |
Oil City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 296 originations, totaling $39,990,000 in origination value.