Ontario Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Ontario averaged 6.98% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

    The average rate for the prior week (2023-09-07) was 6.62% and one month ago for the week of 2023-08-10, the average rate was 6.46%.

    Ontario's average rate one year ago was 5.69%.

    For refis of the same type during the week of 2023-09-14, the average rate was 6.6%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-14 7.18%
    Ontario 30 Year Fixed Rate 2023-09-14 6.98%
    Ontario 30 Year Fixed Rate Refi 2023-09-14 6.6%
    Ontario 15 Year Fixed Rate 2023-09-14 6.41%
    Ontario 15 Year Fixed Rate Refi 2023-09-14 6.51%
    Ontario 30 Year FHA 2023-09-14 6.57%
    Ontario 30 Year FHA Refi 2023-09-14 7.19%
    Ontario 30 Year USDA 2023-09-14 6.88%
    Ontario 30 Year USDA Refi 2023-09-14 7.08%
    Ontario 30 Year VA 2023-09-14 6.49%
    Ontario 30 Year VA Refi 2023-09-14 7.01%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Ontario, OR-ID.

    Ontario 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 Ontario, OR-ID 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
    QUICKEN LOANS, LLC 56 4.85% $7,714
    FIRST COLONY MORTGAGE CORPORATION 50 4.60% $8,879
    ACADEMY MORTGAGE CORPORATION 39 5.26% $6,822
    IDAHO CENTRAL 28 4.84% $6,979
    U.S. Bank 25 4.73% $4,692
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 25 4.71% $8,654
    ROGUE 19 5.36% $3,713
    FINANCE OF AMERICA MORTGAGE LLC 16 4.66% $7,557
    GUILD MORTGAGE COMPANY 14 4.62% $7,778
    LOANDEPOT.COM, LLC 14 4.46% $9,055
    MOVEMENT MORTGAGE, LLC 13 4.52% $5,663
    UNITED WHOLESALE MORTGAGE, LLC 11 4.33% $6,344
    Flagstar Bank, FSB 9 4.46% $5,636
    Umpqua Bank 8 4.53% $4,829
    PENNYMAC LOAN SERVICES, LLC 8 4.17% $6,662
    PRIMELENDING, A PLAINSCAPITAL COMPANY 8 5.09% $7,163
    Washington Federal Bank 8 4.17% $5,550
    Columbia State Bank 7 3.68% $3,849
    S1L, Inc. 7 4.70% $7,429
    PREMIER MORTGAGE RESOURCES, L.L.C. 7 5.34% $7,448
    Mr. Cooper ( Nationstar Mortgage ) 7 4.59% $9,240
    KeyBank 6 5.30% $2,521
    AMERISAVE MORTGAGE CORPORATION 6 4.42% $12,989
    D. L. Evans Bank 6 3.83% $5,848
    BROKER SOLUTIONS, INC. 6 3.98% $6,918
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 4.80% $12,216
    FREEDOM MORTGAGE CORPORATION 5 5.00% $6,002
    CALIBER HOME LOANS, INC. 5 4.63% $7,348
    PIONEER 5 3.65% $5,896
    PACIFIC RESIDENTIAL MORTGAGE, LLC 4 3.84% $7,125
    AXIA FINANCIAL, LLC 4 4.47% $7,735
    CHURCHILL MORTGAGE CORPORATION 3 5.79% $3,970
    AMERICAN FINANCING CORPORATION 3 3.92% $8,772
    Wells Fargo Bank 3 4.75% $2,954
    Willamette Valley Bank 3 6.13% $10,679
    Gateway First Bank 3 5.79% $11,101
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.25% $8,064
    GUARANTEED RATE, INC. 3 4.37% $6,913
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 4.71% $7,106
    Potlatch No. 1 Financial Credit Union 2 4.13% $3,879
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.93% $7,803
    CAPITAL EDUCATORS FEDERAL CREDIT UNION 2 4.31% $8,560
    Carrington Mortgage Services, LLC 2 3.88% $4,707
    CMG MORTGAGE, INC. 2 5.00% $11,562
    CROSSCOUNTRY MORTGAGE, LLC 2 6.19% $10,694
    ENVOY MORTGAGE, LTD 2 5.69% $4,368
    EVERETT FINANCIAL, INC. 2 4.81% $2,524
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 4.12% $10,806
    HOMEXPRESS MORTGAGE CORP. 2 7.88% $7,547
    Ixonia Bank 2 5.75% $8,944
    JPMorgan Chase Bank 2 6.12% $6,702
    LAKEVIEW LOAN SERVICING, LLC 2 4.81% $4,291
    LEADERONE FINANCIAL CORPORATION 2 4.69% $5,196
    MOUNTAIN AMERICA 2 5.81% $6,682
    MUTUAL OF OMAHA MORTGAGE, INC. 2 3.75% $3,617
    Northwest Farm Credit Services, FLCA 2 4.50% $5,852
    SUMMIT MORTGAGE CORPORATION 2 5.50% $4,606
    ZILLOW HOME LOANS, LLC 2 4.44% $4,621
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.63% $20,952
    AMCAP MORTGAGE, LTD. 1 6.50% $4,275
    Hometown Lenders, Inc. 1 5.99% $9,745
    FIRST TECHNOLOGY 1 4.50% $7,423
    WESTMARK Credit Union 1 5.25% $8,113
    NATIONS DIRECT MORTGAGE, LLC 1 5.99% $10,367
    NEWREZ LLC 1 3.88% $3,677
    NFM, INC. 1 4.88% $7,077
    North American Savings Bank, F.S.B. 1 7.38% $8,267
    Ally Bank 1 4.88% $4,683
    OCMBC, INC. 1 0.00% $0
    OnPoint Community Credit Union 1 3.75% $3,339
    First Interstate Bank 1 4.75% $5,636
    Paramount Residential Mortgage Group, Inc. 1 5.63% $8,585
    First Guaranty Mortgage Corporation 1 3.63% $8,449
    First Federal Savings Bank of Twin Falls 1 3.75% $15,311
    PNC Bank 1 3.25% $3,104
    FirstBank 1 5.00% $6,383
    F&A Federal Credit Union 1 3.00% $1,979
    EMBRACE HOME LOANS, INC. 1 4.63% $12,913
    DIRECTORS MORTGAGE, INC. 1 3.99% $9,566
    DAS Acquisition Company, LLC 1 5.88% $5,689
    Commerce Home Mortgage, Inc. 1 3.25% $3,759
    CARDINAL FINANCIAL 1 4.75% $7,791
    Sierra Pacific Mortgage Company, Inc. 1 3.75% $5,736
    SIRVA MORTGAGE, INC. 1 5.38% $487
    Stifel Bank and Trust 1 3.75% $3,702
    SUMMIT FUNDING, INC. 1 3.63% $6,619
    Summit Mortgage Corporation 1 4.13% $7,202
    Zions Bank 1 4.38% $5,459
    SWBC MORTGAGE CORPORATION 1 3.25% $2,393
    The Federal Savings Bank 1 3.50% $12,428
    BETTER MORTGAGE CORPORATION 1 4.75% $6,026
    BAY EQUITY LLC 1 4.25% $5,445
    Amerifirst Financial, Inc. 1 6.00% $5,421
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.62% $5,073
    Waterstone Mortgage Corporation 1 5.75% $5,620
    LENDSURE MORTGAGE CORP. 1 6.50% $11,852
    LADERA LENDING, INC. 1 3.38% $6,282
    LPMC, LLC 1 3.50% $5,547
    Morgan Stanley Private Bank 1 3.20% $4,290
    Mortgage Research Center, LLC 1 4.63% $1,971

    Ontario Average Closing Costs & Other Stats

    Ontario, OR-ID's 100 lenders originated 1,567 loans during 2022. The total origination value was $356,415,000, with an average loan value of $227,451.

    Ontario's average closing costs are $6,122.

    The top Ontario lender as defined by loan originations is QUICKEN LOANS, LLC, with 56 loans originated. Their average total fees are $7,714, which is $1,166 lower than the next largest lender, FIRST COLONY MORTGAGE CORPORATION.

    The lowest fee Ontario lenders (with over 10 loans originated) are ROGUE ($3,713), U.S. Bank ($4,692), MOVEMENT MORTGAGE, LLC ($5,663), UNITED WHOLESALE MORTGAGE, LLC ($6,344) and ACADEMY MORTGAGE CORPORATION ($6,822).

    The lowest rate Ontario lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (4.33%), LOANDEPOT.COM, LLC (4.46%), MOVEMENT MORTGAGE, LLC (4.52%), FIRST COLONY MORTGAGE CORPORATION (4.60%) and GUILD MORTGAGE COMPANY (4.62%).

    Ontario, OR-ID 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
    ACADEMY MORTGAGE CORPORATION $48,150,000 $28,570,000 -40.7% 8.0%
    FIRST COLONY MORTGAGE CORPORATION $41,875,000 $26,345,000 -37.1% 7.4%
    QUICKEN LOANS, LLC $48,945,000 $24,855,000 -49.2% 7.0%
    IDAHO CENTRAL $26,235,000 $22,020,000 -16.1% 6.2%
    ROGUE $21,675,000 $13,820,000 -36.2% 3.9%
    U.S. Bank $14,135,000 $11,585,000 -18.0% 3.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $16,790,000 $11,255,000 -33.0% 3.2%
    LOANDEPOT.COM, LLC $11,855,000 $10,040,000 -15.3% 2.8%
    UNITED WHOLESALE MORTGAGE, LLC $10,100,000 $9,340,000 -7.5% 2.6%
    GUILD MORTGAGE COMPANY $18,070,000 $8,260,000 -54.3% 2.3%
    Washington Federal Bank $3,880,000 $7,325,000 88.8% 2.1%
    MOVEMENT MORTGAGE, LLC $12,265,000 $7,250,000 -40.9% 2.0%
    FINANCE OF AMERICA MORTGAGE LLC $8,815,000 $7,085,000 -19.6% 2.0%
    Umpqua Bank $8,820,000 $6,635,000 -24.8% 1.9%
    D. L. Evans Bank $14,705,000 $6,425,000 -56.3% 1.8%
    PENNYMAC LOAN SERVICES, LLC $4,655,000 $5,855,000 25.8% 1.6%
    Mortgage Research Center, LLC $4,275,000 $5,810,000 35.9% 1.6%
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY $7,385,000 $5,735,000 -22.3% 1.6%
    PREMIER MORTGAGE RESOURCES, L.L.C. $17,015,000 $5,645,000 -66.8% 1.6%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $5,580,000 $5,480,000 -1.8% 1.5%
    Zions Bancorporation, N.A. $5,075,000 $5,470,000 7.8% 1.5%
    Flagstar Bank, FSB $6,850,000 $5,360,000 -21.8% 1.5%
    FREEDOM MORTGAGE CORPORATION $11,905,000 $4,795,000 -59.7% 1.3%
    AMERISAVE MORTGAGE CORPORATION $4,975,000 $3,890,000 -21.8% 1.1%
    Columbia State Bank $13,425,000 $3,725,000 -72.3% 1.0%
    Gateway First Bank $3,535,000 $3,345,000 -5.4% 0.9%
    S1L, Inc. $3,515,000 $3,315,000 -5.7% 0.9%
    CALIBER HOME LOANS, INC. $3,435,000 $3,295,000 -4.1% 0.9%
    First Interstate Bank $4,805,000 $2,880,000 -40.1% 0.8%
    CMG MORTGAGE, INC. $1,585,000 $2,810,000 77.3% 0.8%
    Willamette Valley Bank $4,230,000 $2,785,000 -34.2% 0.8%
    PACIFIC RESIDENTIAL MORTGAGE, LLC $3,775,000 $2,465,000 -34.7% 0.7%
    LEADERONE FINANCIAL CORPORATION $1,770,000 $2,455,000 38.7% 0.7%
    BROKER SOLUTIONS, INC. $3,295,000 $2,440,000 -25.9% 0.7%
    MOUNTAIN AMERICA $2,620,000 $2,435,000 -7.1% 0.7%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,350,000 $2,415,000 78.9% 0.7%
    KeyBank $6,295,000 $2,380,000 -62.2% 0.7%
    CAPITAL EDUCATORS FEDERAL CREDIT UNION $1,730,000 $2,120,000 22.5% 0.6%
    AMERICAN PACIFIC MORTGAGE CORPORATION $3,905,000 $2,005,000 -48.7% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $1,745,000 $1,950,000 11.7% 0.5%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $2,880,000 $1,940,000 -32.6% 0.5%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $7,340,000 $1,835,000 -75.0% 0.5%
    USAA Federal Savings Bank $575,000 $1,655,000 187.8% 0.5%
    Pacific Premier Bank $1,605,000 n/a 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $735,000 $1,560,000 112.2% 0.4%
    PIONEER $855,000 $1,560,000 82.5% 0.4%
    AMERICAN ADVISORS GROUP $920,000 $1,500,000 63.0% 0.4%
    VILLAGE CAPITAL MORTGAGE $1,070,000 $1,475,000 37.9% 0.4%
    SUMMIT FUNDING, INC. $2,630,000 $1,280,000 -51.3% 0.4%
    Waterstone Mortgage Corporation $3,020,000 $1,280,000 -57.6% 0.4%
    AMERICAN FINANCING CORPORATION $1,570,000 $1,230,000 -21.7% 0.3%
    First Federal Savings Bank of Twin Falls $560,000 $1,220,000 117.9% 0.3%
    AXIA FINANCIAL, LLC $1,395,000 $1,125,000 -19.4% 0.3%
    GUARANTEED RATE, INC. $1,150,000 $1,110,000 -3.5% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $930,000 $1,110,000 19.4% 0.3%
    Paramount Residential Mortgage Group, Inc. $1,090,000 n/a 0.3%
    The Federal Savings Bank $875,000 $1,090,000 24.6% 0.3%
    LONGBRIDGE FINANCIAL, LLC $390,000 $1,065,000 173.1% 0.3%
    JPMorgan Chase Bank $3,025,000 $1,050,000 -65.3% 0.3%
    Wells Fargo Bank $7,870,000 $1,035,000 -86.8% 0.3%
    NAVY FEDERAL CREDIT UNION $1,000,000 $1,020,000 2.0% 0.3%
    Ixonia Bank $275,000 $1,005,000 265.5% 0.3%
    NEWREZ LLC $3,700,000 $1,000,000 -73.0% 0.3%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $980,000 n/a 0.3%
    North American Savings Bank, F.S.B. $740,000 $930,000 25.7% 0.3%
    Carrington Mortgage Services, LLC $1,340,000 $925,000 -31.0% 0.3%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $3,275,000 $915,000 -72.1% 0.3%
    ZILLOW HOME LOANS, LLC $890,000 n/a 0.2%
    FINANCE OF AMERICA REVERSE LLC $865,000 $885,000 2.3% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $2,475,000 $790,000 -68.1% 0.2%
    Northwest Farm Credit Services, FLCA $1,280,000 $780,000 -39.1% 0.2%
    Banner Bank $465,000 $760,000 63.4% 0.2%
    NATIONS DIRECT MORTGAGE, LLC $450,000 $750,000 66.7% 0.2%
    PLANET HOME LENDING, LLC $815,000 $750,000 -8.0% 0.2%
    VERITAS FUNDING, LLC $670,000 n/a 0.2%
    Nations Lending Corporation $935,000 $665,000 -28.9% 0.2%
    SUMMIT MORTGAGE CORPORATION $440,000 $660,000 50.0% 0.2%
    Ally Bank $635,000 n/a 0.2%
    Potlatch No. 1 Financial Credit Union $155,000 $615,000 296.8% 0.2%
    FIRST TECHNOLOGY $260,000 $580,000 123.1% 0.2%
    Equity Prime Mortgage LLC $570,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $2,140,000 $565,000 -73.6% 0.2%
    PHH Mortgage Corporation $190,000 $560,000 194.7% 0.2%
    WESTMARK Credit Union $830,000 $555,000 -33.1% 0.2%
    PNC Bank $425,000 $550,000 29.4% 0.2%
    Platinum Home Mortgage Corporation $545,000 n/a 0.2%
    EVERETT FINANCIAL, INC. $490,000 n/a 0.1%
    Loan Simple, Inc. $435,000 n/a 0.1%
    BAY EQUITY LLC $955,000 $425,000 -55.5% 0.1%
    EMBRACE HOME LOANS, INC. $425,000 n/a 0.1%
    AMERICA FIRST $370,000 $420,000 13.5% 0.1%
    PLAZA HOME MORTGAGE, INC. $420,000 n/a 0.1%
    SWBC MORTGAGE CORPORATION $415,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $355,000 $395,000 11.3% 0.1%
    Figure Lending LLC $180,000 $395,000 119.4% 0.1%
    Idaho First Bank $905,000 $395,000 -56.4% 0.1%
    HOMEXPRESS MORTGAGE CORP. $395,000 $390,000 -1.3% 0.1%
    RANLIFE, INC. $455,000 $390,000 -14.3% 0.1%
    DAS Acquisition Company, LLC $375,000 n/a 0.1%
    FirstBank $375,000 n/a 0.1%
    Morgan Stanley Private Bank $375,000 n/a 0.1%
    Stifel Bank and Trust $165,000 $375,000 127.3% 0.1%
    CANOPY MORTGAGE, LLC $1,010,000 $370,000 -63.4% 0.1%
    INTERCAP LENDING INC. $365,000 n/a 0.1%
    LOANPAL, LLC $740,000 $355,000 -52.0% 0.1%
    ENVOY MORTGAGE, LTD $330,000 n/a 0.1%
    First Guaranty Mortgage Corporation $550,000 $315,000 -42.7% 0.1%
    LADERA LENDING, INC. $525,000 $315,000 -40.0% 0.1%
    NOVA FINANCIAL & INVESTMENT CORPORATION $305,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $705,000 $305,000 -56.7% 0.1%
    PENTAGON FEDERAL CREDIT UNION $135,000 $300,000 122.2% 0.1%
    Northpointe Bank $175,000 $295,000 68.6% 0.1%
    Bank of the West $1,430,000 $290,000 -79.7% 0.1%
    LENDSURE MORTGAGE CORP. $285,000 n/a 0.1%
    LPMC, LLC $285,000 n/a 0.1%
    M&T Bank $55,000 $280,000 409.1% 0.1%
    QUORUM FEDERAL CREDIT UNION $270,000 n/a 0.1%
    DIRECTORS MORTGAGE, INC. $325,000 $265,000 -18.5% 0.1%
    NFM, INC. $265,000 n/a 0.1%
    CALCON MUTUAL MORTGAGE LLC $550,000 $255,000 -53.6% 0.1%
    Sierra Pacific Mortgage Company, Inc. $255,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $245,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $245,000 n/a 0.1%
    Hometown Lenders, Inc. $235,000 n/a 0.1%
    Commerce Home Mortgage, Inc. $520,000 $225,000 -56.7% 0.1%
    OnPoint Community Credit Union $225,000 n/a 0.1%
    Summit Mortgage Corporation $1,195,000 $225,000 -81.2% 0.1%
    Discover Bank $365,000 $220,000 -39.7% 0.1%
    OCMBC, INC. $220,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $1,820,000 $205,000 -88.7% 0.1%
    F&A Federal Credit Union $205,000 n/a 0.1%
    AMCAP MORTGAGE, LTD. $2,445,000 $195,000 -92.0% 0.1%
    CLEARPATH LENDING $1,660,000 $195,000 -88.3% 0.1%
    Evolve Bank & Trust $195,000 n/a 0.1%
    OPEN MORTGAGE, LLC $350,000 $195,000 -44.3% 0.1%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $185,000 n/a 0.1%
    HORIZON $1,380,000 $180,000 -87.0% 0.1%
    A&D Mortgage LLC $175,000 n/a 0.0%
    Amerifirst Financial, Inc. $175,000 n/a 0.0%
    REVERSE MORTGAGE FUNDING LLC $235,000 $175,000 -25.5% 0.0%
    HomeStreet Bank $470,000 $170,000 -63.8% 0.0%
    CONNECTIONS $155,000 n/a 0.0%
    Washington Trust Bank $395,000 $155,000 -60.8% 0.0%
    Bank of America $245,000 $150,000 -38.8% 0.0%
    First Western Federal Savings Bank $145,000 n/a 0.0%
    LENDINGHOME FUNDING CORPORATION $145,000 n/a 0.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $145,000 n/a 0.0%
    ADVANTIS $145,000 $105,000 -27.6% 0.0%
    SIRVA MORTGAGE, INC. $105,000 n/a 0.0%
    SPRING EQ, LLC $215,000 $65,000 -69.8% 0.0%
    21ST MORTGAGE CORPORATION $260,000 $35,000 -86.5% 0.0%

    Ontario's top lender by overall market share is ACADEMY MORTGAGE CORPORATION, with 8.0% market share. In second place, with 7.4%, is FIRST COLONY MORTGAGE CORPORATION, having originated $26,345,000 in loans. In third place, with 7.0%, is QUICKEN LOANS, LLC, having originated $24,855,000 in loans. In fourth place, with 6.2%, is IDAHO CENTRAL, having originated $22,020,000 in loans. In fifth place, with 3.9%, is ROGUE, having originated $13,820,000 in loans.

    Ontario Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Ontario (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 $179,900 (18.0%) $238,375 (13.1%) 0.00 164
    2018-02-01 $179,925 (16.2%) $241,406 (16.3%) 0.00 149
    2018-03-01 $190,999 (17.9%) $249,466 (17.3%) 0.00 129
    2018-04-01 $198,600 (17.6%) $250,847 (17.1%) 0.00 129
    2018-05-01 $204,450 (21.2%) $253,510 (16.1%) 0.00 138
    2018-06-01 $214,000 (20.4%) $272,331 (23.8%) 0.00 153
    2018-07-01 $223,950 (24.8%) $287,137 (25.4%) 0.00 154
    2018-08-01 $231,750 (35.4%) $287,820 (26.3%) 0.00 158
    2018-09-01 $249,999 (48.0%) $288,909 (30.7%) 0.00 151
    2018-10-01 $267,250 (59.2%) $294,991 (37.2%) 0.00 147
    2018-11-01 $260,950 (51.3%) $290,468 (30.5%) 0.00 139
    2018-12-01 $265,500 (47.6%) $324,263 (34.1%) 0.00 138
    2019-01-01 $267,875 (48.9%) $322,414 (35.3%) 0.00 123
    2019-02-01 $248,250 (38.0%) $299,178 (23.9%) 0.00 116
    2019-03-01 $249,386 (30.6%) $304,249 (22.0%) 0.00 126
    2019-04-01 $257,450 (29.6%) $327,754 (30.7%) 0.00 130
    2019-05-01 $262,375 (28.3%) $349,329 (37.8%) 0.00 119
    2019-06-01 $250,000 (16.8%) $343,102 (26.0%) 0.00 111
    2019-07-01 $247,500 (10.5%) $321,780 (12.1%) 0.00 128
    2019-08-01 $249,973 (7.9%) $323,027 (12.2%) 0.00 126
    2019-09-01 $249,932 (0.0%) $322,798 (11.7%) 0.00 137
    2019-10-01 $252,205 (-5.6%) $321,836 (9.1%) 0.00 137
    2019-11-01 $253,900 (-2.7%) $319,491 (10.0%) 0.00 124
    2019-12-01 $259,950 (-2.1%) $333,099 (2.7%) 0.00 104
    2020-01-01 $289,900 (8.2%) $366,223 (13.6%) 0.00 78
    2020-02-01 $273,900 (10.3%) $340,306 (13.8%) 0.00 83
    2020-03-01 $268,900 (7.8%) $337,748 (11.0%) 0.00 95
    2020-04-01 $266,675 (3.6%) $329,267 (0.5%) 0.00 99
    2020-05-01 $266,450 (1.6%) $316,242 (-9.5%) 0.00 84
    2020-06-01 $297,450 (19.0%) $366,415 (6.8%) 0.00 71
    2020-07-01 $309,075 (24.9%) $393,789 (22.4%) 0.00 64
    2020-08-01 $327,495 (31.0%) $393,771 (21.9%) 0.00 59
    2020-09-01 $329,725 (31.9%) $399,710 (23.8%) 0.00 51
    2020-10-01 $297,000 (17.8%) $392,030 (21.8%) 0.00 57
    2020-11-01 $352,704 (38.9%) $446,563 (39.8%) 0.00 50
    2020-12-01 $319,794 (23.0%) $425,977 (27.9%) 0.00 42
    2021-01-01 $289,960 (0.0%) $411,443 (12.4%) 0.00 35
    2021-02-01 $314,995 (15.0%) $426,547 (25.3%) 0.00 37
    2021-03-01 $336,925 (25.3%) $460,751 (36.4%) 0.00 38
    2021-04-01 $407,500 (52.8%) $478,877 (45.4%) 0.00 44
    2021-05-01 $390,000 (46.4%) $468,441 (48.1%) 0.00 47
    2021-06-01 $373,610 (25.6%) $460,355 (25.6%) 0.00 61
    2021-07-01 $400,000 (29.4%) $465,324 (18.2%) 0.00 86
    2021-08-01 $397,450 (21.4%) $473,201 (20.2%) 0.00 97
    2021-09-01 $419,925 (27.4%) $477,272 (19.4%) 0.00 107
    2021-10-01 $399,000 (34.3%) $475,276 (21.2%) 0.00 113
    2021-11-01 $422,500 (19.8%) $508,187 (13.8%) 0.00 94
    2021-12-01 $427,475 (33.7%) $520,289 (22.1%) 0.00 86
    2022-01-01 $448,000 (54.5%) $525,707 (27.8%) 0.00 70
    2022-02-01 $447,975 (42.2%) $490,700 (15.0%) 0.00 64
    2022-03-01 $444,075 (31.8%) $548,088 (19.0%) 0.00 67
    2022-04-01 $455,000 (11.7%) $635,861 (32.8%) 0.00 77
    2022-05-01 $472,450 (21.1%) $642,710 (37.2%) 0.00 108
    2022-06-01 $429,000 (14.8%) $586,322 (27.4%) 0.00 150
    2022-07-01 $413,000 (3.3%) $543,898 (16.9%) 0.00 194
    2022-08-01 $411,000 (3.4%) $545,800 (15.3%) 0.00 193
    2022-09-01 $399,900 (-4.8%) $540,253 (13.2%) 0.00 179
    2022-10-01 $405,000 (1.5%) $538,864 (13.4%) 0.00 191
    2022-11-01 $399,999 (-5.3%) $548,124 (7.9%) 0.00 173
    2022-12-01 $399,900 (-6.5%) $566,155 (8.8%) 0.00 147
    2023-01-01 $406,000 (-9.4%) $587,188 (11.7%) 0.00 131
    2023-02-01 $408,200 (-8.9%) $555,879 (13.3%) 0.00 135
    2023-03-01 $436,175 (-1.8%) $574,204 (4.8%) 0.00 129
    2023-04-01 $425,000 (-6.6%) $572,812 (-9.9%) 0.00 131
    2023-05-01 $405,000 (-14.3%) $546,232 (-15.0%) 0.00 138
    2023-06-01 $403,750 (-5.9%) $533,975 (-8.9%) 0.00 153
    2023-07-01 $405,000 (-1.9%) $574,435 (5.6%) 0.00 166
    2023-08-01 $410,750 (-0.1%) $512,580 (-6.1%) 0.00 168
    Ontario's median listing price for 2023-08-01 was $410,750, a difference of $-250 (-0.1%) versus the prior year and $5,750 versus the prior month.

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

    Ontario's average listing price for 2023-08-01 was $512,580, a difference of $-33,220 (-6.1%) versus the prior year and $-61,855 versus the prior month.

    For the 2023-08-01 period, Ontario had 168 MLS listings, a difference of 2 listings (1%) versus the prior month and -25 listings (-13%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ontario (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,733 sqft
    2018-02-01 0 days 1,758 sqft
    2018-03-01 0 days 1,701 sqft
    2018-04-01 0 days 1,844 sqft
    2018-05-01 0 days 1,814 sqft
    2018-06-01 0 days 1,793 sqft
    2018-07-01 0 days 1,798 sqft
    2018-08-01 0 days 1,900 sqft
    2018-09-01 0 days 1,945 sqft
    2018-10-01 0 days 2,034 sqft
    2018-11-01 0 days 1,978 sqft
    2018-12-01 0 days 1,928 sqft
    2019-01-01 0 days 1,860 sqft
    2019-02-01 0 days 1,850 sqft
    2019-03-01 0 days 1,848 sqft
    2019-04-01 0 days 1,848 sqft
    2019-05-01 0 days 1,850 sqft
    2019-06-01 0 days 1,844 sqft
    2019-07-01 0 days 1,841 sqft
    2019-08-01 0 days 1,876 sqft
    2019-09-01 0 days 1,889 sqft
    2019-10-01 0 days 1,920 sqft
    2019-11-01 0 days 1,954 sqft
    2019-12-01 0 days 1,951 sqft
    2020-01-01 0 days 2,047 sqft
    2020-02-01 0 days 1,894 sqft
    2020-03-01 0 days 1,760 sqft
    2020-04-01 0 days 1,756 sqft
    2020-05-01 0 days 1,756 sqft
    2020-06-01 0 days 2,015 sqft
    2020-07-01 0 days 2,163 sqft
    2020-08-01 0 days 2,240 sqft
    2020-09-01 0 days 2,217 sqft
    2020-10-01 0 days 1,930 sqft
    2020-11-01 0 days 2,304 sqft
    2020-12-01 0 days 2,048 sqft
    2021-01-01 0 days 1,999 sqft
    2021-02-01 0 days 1,750 sqft
    2021-03-01 0 days 1,715 sqft
    2021-04-01 0 days 2,006 sqft
    2021-05-01 0 days 1,843 sqft
    2021-06-01 0 days 1,928 sqft
    2021-07-01 0 days 1,920 sqft
    2021-08-01 0 days 1,961 sqft
    2021-09-01 0 days 1,852 sqft
    2021-10-01 0 days 1,923 sqft
    2021-11-01 0 days 1,908 sqft
    2021-12-01 0 days 1,990 sqft
    2022-01-01 0 days 1,926 sqft
    2022-02-01 0 days 1,870 sqft
    2022-03-01 0 days 1,866 sqft
    2022-04-01 0 days 1,888 sqft
    2022-05-01 0 days 1,897 sqft
    2022-06-01 0 days 1,869 sqft
    2022-07-01 0 days 1,849 sqft
    2022-08-01 0 days 1,872 sqft
    2022-09-01 0 days 1,848 sqft
    2022-10-01 0 days 1,908 sqft
    2022-11-01 0 days 1,916 sqft
    2022-12-01 0 days 1,909 sqft
    2023-01-01 0 days 1,924 sqft
    2023-02-01 0 days 1,948 sqft
    2023-03-01 0 days 1,972 sqft
    2023-04-01 0 days 1,994 sqft
    2023-05-01 0 days 1,991 sqft
    2023-06-01 0 days 1,983 sqft
    2023-07-01 0 days 1,911 sqft
    2023-08-01 0 days 1,833 sqft
    Ontario's median listing age (time on market) for 2023-08-01 was 0 days.

    Ontario's median square footage for active listings during the 2023-08-01 period was 1,833 sqft. One year prior, the average listing was 1,872 sqft.

    Ontario, OR-ID Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 670 $191,880,000 $286,388
    Cash Out Refi 419 $92,115,000 $219,845
    Home Improvement 185 $18,965,000 $102,514
    Refi 185 $41,735,000 $225,595
    Other 108 $11,720,000 $108,519

    Ontario's most frequently cited loan purpose was Home Purchase, with 670 originations. The 2nd most popular reason was Cash Out Refi, with 419 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 448 $105,880,000 $236,339
    5-6% 356 $96,100,000 $269,944
    4-5% 350 $79,960,000 $228,457
    6-7% 178 $31,640,000 $177,753
    2.5-3% 87 $19,445,000 $223,506
    7-8% 72 $10,930,000 $151,806
    <2.5% 38 $8,960,000 $235,789
    Over 8% 35 $2,955,000 $84,429

    During 2022, Ontario's most frequently originated rate bucket was 3-4%, with 448 originations.

    Loan Sizing (Ontario, OR-ID MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 662 $187,700,000 $283,535
    $100k-200k 414 $62,900,000 $151,932
    $100,000 or less 333 $16,535,000 $49,655
    $400k-600k 126 $59,750,000 $474,206
    $600k-1000k 26 $17,710,000 $681,154
    $Over $1MM 6 $11,820,000 $1,970,000

    Ontario's loan sizing saw the bucket of loans from $200k-400k with 662 originations, totaling $187,700,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 439 $135,475,000 $308,599
    60-80% 390 $116,810,000 $299,513
    40-60% 246 $53,700,000 $218,293
    Under 20% 237 $11,535,000 $48,671
    20-40% 219 $28,395,000 $129,658
    Over 100% 24 $8,200,000 $341,667

    Ontario's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 439 originations, totaling $135,475,000 in origination value.