Owatonna Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Owatonna averaged
7.26%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
7.15% and
one month ago for the week of 2023-08-17, the
average rate was 7.16%.
Owatonna's average rate one year ago was 5.89%.
For refis of the same type during the week of 2023-09-21, the average rate
was 7.39%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
Owatonna 30 Year Fixed Rate | 2023-09-21 | 7.26% |
Owatonna 30 Year Fixed Rate Refi | 2023-09-21 | 7.39% |
Owatonna 15 Year Fixed Rate | 2023-09-21 | 6.44% |
Owatonna 15 Year Fixed Rate Refi | 2023-09-21 | 6.44% |
Owatonna 30 Year FHA | 2023-09-21 | 6.7% |
Owatonna 30 Year FHA Refi | 2023-09-21 | 6.84% |
Owatonna 30 Year USDA | 2023-09-21 | 7.12% |
Owatonna 30 Year USDA Refi | 2023-09-21 | 6.82% |
Owatonna 30 Year VA | 2023-09-21 | 6.82% |
Owatonna 30 Year VA Refi | 2023-09-21 | 6.92% |
Owatonna 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 Owatonna, MN 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.).
Owatonna Average Closing Costs & Other Stats
Owatonna, MN's 84 lenders originated 735
loans during 2022. The total origination value was $172,515,000, with an average loan value of
$234,714.
Owatonna's average closing costs are $4,766.
The top Owatonna lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
37 loans originated. Their average total fees are
$6,475, which is $2,947
higher than the next largest lender,
Wells Fargo Bank.
The lowest fee Owatonna lenders (with over 10 loans originated) are
U.S. Bank ($3,032), Wells Fargo Bank ($3,528), TOWNE MORTGAGE COMPANY ($4,926), GUARANTEED RATE, INC. ($5,155) and QUICKEN LOANS, LLC ($5,915).
The lowest rate Owatonna lenders (with over 10 loans originated) are
Bremer Bank (4.49%), Wells Fargo Bank (4.73%), QUICKEN LOANS, LLC (4.94%), CROSSCOUNTRY MORTGAGE, LLC (5.11%) and TOWNE MORTGAGE COMPANY (5.29%).
Owatonna, MN 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 |
---|---|---|---|---|
National Bank of Commerce | $23,010,000 | n/a | 13.3% | |
CROSSCOUNTRY MORTGAGE, LLC | $33,910,000 | $17,135,000 | -49.5% | 9.9% |
Wells Fargo Bank | $19,645,000 | $9,195,000 | -53.2% | 5.3% |
Bremer Bank | $13,185,000 | $6,745,000 | -48.8% | 3.9% |
TOWNE MORTGAGE COMPANY | $15,715,000 | $6,560,000 | -58.3% | 3.8% |
GUARANTEED RATE, INC. | $7,630,000 | $6,190,000 | -18.9% | 3.6% |
U.S. Bank | $19,390,000 | $5,875,000 | -69.7% | 3.4% |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $600,000 | $4,965,000 | 727.5% | 2.9% |
QUICKEN LOANS, LLC | $21,035,000 | $4,440,000 | -78.9% | 2.6% |
UNITED WHOLESALE MORTGAGE, LLC | $9,980,000 | $4,295,000 | -57.0% | 2.5% |
Home Federal Savings Bank | $1,945,000 | $3,650,000 | 87.7% | 2.1% |
Cambria Financial Group, LLC | $780,000 | $3,530,000 | 352.6% | 2.0% |
LOANDEPOT.COM, LLC | $6,700,000 | $3,165,000 | -52.8% | 1.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,890,000 | $3,135,000 | -35.9% | 1.8% |
Plains Commerce Bank | $24,005,000 | $3,090,000 | -87.1% | 1.8% |
COMPEER FINANCIAL, FLCA | $2,895,000 | $2,785,000 | -3.8% | 1.6% |
Citizens Community Federal | $950,000 | $2,370,000 | 149.5% | 1.4% |
Mortgage Research Center, LLC | $2,670,000 | $2,330,000 | -12.7% | 1.4% |
Prosperity Home Mortgage, LLC | $1,990,000 | $2,215,000 | 11.3% | 1.3% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,090,000 | $2,140,000 | 2.4% | 1.2% |
BAY EQUITY LLC | $6,910,000 | $2,040,000 | -70.5% | 1.2% |
Manufacturers Bank & Trust Company | $115,000 | $1,990,000 | 1,630.4% | 1.2% |
WINGS FINANCIAL | $205,000 | $1,985,000 | 868.3% | 1.2% |
IOWA BANKERS MORTGAGE CORPORATION | $1,215,000 | $1,830,000 | 50.6% | 1.1% |
Bell Bank | $3,295,000 | $1,700,000 | -48.4% | 1.0% |
BROKER SOLUTIONS, INC. | $1,050,000 | $1,595,000 | 51.9% | 0.9% |
AFFINITY PLUS | $2,390,000 | $1,560,000 | -34.7% | 0.9% |
FREEDOM MORTGAGE CORPORATION | $7,300,000 | $1,445,000 | -80.2% | 0.8% |
Merchants Bank | $1,840,000 | $1,395,000 | -24.2% | 0.8% |
Mr. Cooper ( Nationstar Mortgage ) | $3,405,000 | $1,380,000 | -59.5% | 0.8% |
PENNYMAC LOAN SERVICES, LLC | $4,100,000 | $1,210,000 | -70.5% | 0.7% |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,085,000 | n/a | 0.6% | |
AMERISAVE MORTGAGE CORPORATION | $1,970,000 | $1,065,000 | -45.9% | 0.6% |
Frandsen Bank & Trust | $740,000 | $1,000,000 | 35.1% | 0.6% |
The State Bank of Faribault | $2,435,000 | $985,000 | -59.5% | 0.6% |
Minnwest Bank | $970,000 | n/a | 0.6% | |
Bank of England | $215,000 | $965,000 | 348.8% | 0.6% |
The Huntington National Bank | $75,000 | $910,000 | 1,113.3% | 0.5% |
BETTER MORTGAGE CORPORATION | $1,130,000 | $785,000 | -30.5% | 0.5% |
NAVY FEDERAL CREDIT UNION | $340,000 | $780,000 | 129.4% | 0.5% |
American Mortgage & Equity Consultants, Inc. | $95,000 | $765,000 | 705.3% | 0.4% |
JPMorgan Chase Bank | $530,000 | $765,000 | 44.3% | 0.4% |
Hometown Lenders, Inc. | $295,000 | $725,000 | 145.8% | 0.4% |
MOVEMENT MORTGAGE, LLC | $715,000 | n/a | 0.4% | |
First Bank & Trust | $1,575,000 | $705,000 | -55.2% | 0.4% |
Summit Mortgage Corporation | $1,120,000 | $670,000 | -40.2% | 0.4% |
PLAZA HOME MORTGAGE, INC. | $1,070,000 | $660,000 | -38.3% | 0.4% |
Alerus Financial | $320,000 | $650,000 | 103.1% | 0.4% |
SIRVA MORTGAGE, INC. | $650,000 | n/a | 0.4% | |
MILEND, INC. | $205,000 | $615,000 | 200.0% | 0.4% |
HOME POINT FINANCIAL CORPORATION | $1,350,000 | $585,000 | -56.7% | 0.3% |
RESULTS MORTGAGE, LLC | $730,000 | $555,000 | -24.0% | 0.3% |
HomeTown Bank | $2,925,000 | $550,000 | -81.2% | 0.3% |
LAND HOME FINANCIAL SERVICES, INC. | $595,000 | $540,000 | -9.2% | 0.3% |
Barrington Bank & Trust Company, N.A. | $3,645,000 | $535,000 | -85.3% | 0.3% |
First Federal Bank | $455,000 | $530,000 | 16.5% | 0.3% |
Flagstar Bank, FSB | $1,610,000 | $510,000 | -68.3% | 0.3% |
AMERICAN PORTFOLIO MORTGAGE CORPORATION | $1,615,000 | $490,000 | -69.7% | 0.3% |
AXIA FINANCIAL, LLC | $560,000 | $470,000 | -16.1% | 0.3% |
PREMIA MORTGAGE, LLC | $255,000 | $470,000 | 84.3% | 0.3% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $365,000 | $440,000 | 20.5% | 0.3% |
NEWREZ LLC | $2,625,000 | $440,000 | -83.2% | 0.3% |
HANCOCK MORTGAGE PARTNERS, LLC | $415,000 | n/a | 0.2% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $410,000 | n/a | 0.2% | |
Servion, Inc. | $1,590,000 | $400,000 | -74.8% | 0.2% |
VALLEY MORTGAGE, INC. | $375,000 | n/a | 0.2% | |
ALTRA | $710,000 | $365,000 | -48.6% | 0.2% |
North American Savings Bank, F.S.B. | $520,000 | $365,000 | -29.8% | 0.2% |
LADERA LENDING, INC. | $345,000 | n/a | 0.2% | |
ALAMEDA MORTGAGE CORPORATION | $325,000 | n/a | 0.2% | |
PENTAGON FEDERAL CREDIT UNION | $155,000 | $325,000 | 109.7% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $1,235,000 | $320,000 | -74.1% | 0.2% |
HIWAY | $145,000 | $300,000 | 106.9% | 0.2% |
Think Mutual Bank | $1,115,000 | $300,000 | -73.1% | 0.2% |
Associated Bank | $455,000 | $295,000 | -35.2% | 0.2% |
Citizens Bank | $290,000 | n/a | 0.2% | |
Paramount Residential Mortgage Group, Inc. | $170,000 | $285,000 | 67.6% | 0.2% |
Old National Bank | $275,000 | n/a | 0.2% | |
UIF CORPORATION | $275,000 | n/a | 0.2% | |
BNC National Bank | $265,000 | n/a | 0.2% | |
Academy Bank | $255,000 | n/a | 0.1% | |
Gate City Bank | $245,000 | $255,000 | 4.1% | 0.1% |
USAA Federal Savings Bank | $1,500,000 | $255,000 | -83.0% | 0.1% |
Bank of America | $390,000 | $245,000 | -37.2% | 0.1% |
Dundee Bank | $245,000 | n/a | 0.1% | |
Mid-Continent Funding, Inc. | $245,000 | n/a | 0.1% | |
M&T Bank | $145,000 | $240,000 | 65.5% | 0.1% |
Lend Smart Mortgage, LLC | $370,000 | $235,000 | -36.5% | 0.1% |
LENOX FINANCIAL MORTGAGE CORPORATION | $235,000 | n/a | 0.1% | |
Sentry Bank | $235,000 | n/a | 0.1% | |
The Bank of New Glarus | $235,000 | n/a | 0.1% | |
Tradition Mortgage, LLC | $1,080,000 | $235,000 | -78.2% | 0.1% |
NBKC BANK | $215,000 | $225,000 | 4.7% | 0.1% |
PLANET HOME LENDING, LLC | $225,000 | n/a | 0.1% | |
Mortgages Unlimited Inc. | $1,330,000 | $220,000 | -83.5% | 0.1% |
UNION HOME MORTGAGE CORP. | $215,000 | n/a | 0.1% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $115,000 | $205,000 | 78.3% | 0.1% |
GSF Mortgage Corporation | $205,000 | n/a | 0.1% | |
HOMESIDE FINANCIAL, LLC | $185,000 | $205,000 | 10.8% | 0.1% |
Community Resource Bank | $435,000 | $200,000 | -54.0% | 0.1% |
AmeriHome Mortgage Company, LLC | $175,000 | $185,000 | 5.7% | 0.1% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $195,000 | $185,000 | -5.1% | 0.1% |
CRESCENT MORTGAGE COMPANY | $185,000 | n/a | 0.1% | |
Goldwater Bank, N.A. | $145,000 | $185,000 | 27.6% | 0.1% |
OAKTREE FUNDING CORP. | $185,000 | n/a | 0.1% | |
Truist | $185,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $505,000 | $175,000 | -65.3% | 0.1% |
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $385,000 | $175,000 | -54.5% | 0.1% |
CMG MORTGAGE, INC. | $275,000 | $165,000 | -40.0% | 0.1% |
Deere Employees Credit Union | $165,000 | n/a | 0.1% | |
PROVIDENT FUNDING ASSOCIATES, L.P. | $360,000 | $165,000 | -54.2% | 0.1% |
21ST MORTGAGE CORPORATION | $70,000 | $155,000 | 121.4% | 0.1% |
GUARANTY HOME MORTGAGE CORPORATION | $155,000 | n/a | 0.1% | |
Discover Bank | $370,000 | $150,000 | -59.5% | 0.1% |
Figure Lending LLC | $75,000 | $150,000 | 100.0% | 0.1% |
CHURCHILL MORTGAGE CORPORATION | $155,000 | $145,000 | -6.5% | 0.1% |
First International Bank & Trust | $145,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $285,000 | $145,000 | -49.1% | 0.1% |
First Alliance Credit Union | $125,000 | n/a | 0.1% | |
MARINE | $125,000 | n/a | 0.1% | |
Minnesota Valley Federal Credit Union | $205,000 | $125,000 | -39.0% | 0.1% |
GUILD MORTGAGE COMPANY | $135,000 | $105,000 | -22.2% | 0.1% |
Northpointe Bank | $105,000 | n/a | 0.1% | |
Coulee Bank | $95,000 | n/a | 0.1% | |
Bridgewater Bank | $65,000 | $75,000 | 15.4% | 0.0% |
PHH Mortgage Corporation | $65,000 | n/a | 0.0% | |
TRIAD FINANCIAL SERVICES, INC. | $65,000 | n/a | 0.0% | |
SPIRE Credit Union | $25,000 | n/a | 0.0% |
Owatonna's top lender by overall market share is National Bank of Commerce, with 13.3% market share. In second place, with 9.9%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $17,135,000 in loans. In third place, with 5.3%, is Wells Fargo Bank, having originated $9,195,000 in loans. In fourth place, with 3.9%, is Bremer Bank, having originated $6,745,000 in loans. In fifth place, with 3.8%, is TOWNE MORTGAGE COMPANY, having originated $6,560,000 in loans.
Owatonna Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Owatonna (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 | $199,700 (35.5%) | $236,700 (29.4%) | 0.00 | 68 |
2018-02-01 | $184,800 (15.6%) | $222,855 (14.1%) | 0.00 | 69 |
2018-03-01 | $202,250 (33.5%) | $232,882 (18.4%) | 0.00 | 71 |
2018-04-01 | $221,600 (27.0%) | $252,251 (17.1%) | 0.00 | 71 |
2018-05-01 | $212,700 (0.2%) | $244,073 (4.0%) | 0.00 | 78 |
2018-06-01 | $215,000 (2.4%) | $241,586 (3.7%) | 0.00 | 82 |
2018-07-01 | $206,150 (-3.0%) | $239,150 (3.7%) | 0.00 | 81 |
2018-08-01 | $212,725 (-0.4%) | $244,981 (4.5%) | 0.00 | 88 |
2018-09-01 | $205,000 (-5.5%) | $239,393 (-0.1%) | 0.00 | 99 |
2018-10-01 | $202,450 (-6.7%) | $233,247 (-3.2%) | 0.00 | 102 |
2018-11-01 | $196,400 (-2.8%) | $216,047 (-7.9%) | 0.00 | 105 |
2018-12-01 | $197,700 (-8.0%) | $216,248 (-8.6%) | 0.00 | 97 |
2019-01-01 | $198,950 (-0.4%) | $217,321 (-8.2%) | 0.00 | 83 |
2019-02-01 | $207,450 (12.3%) | $224,182 (0.6%) | 0.00 | 74 |
2019-03-01 | $209,043 (3.4%) | $231,197 (-0.7%) | 0.00 | 73 |
2019-04-01 | $208,818 (-5.8%) | $231,741 (-8.1%) | 0.00 | 86 |
2019-05-01 | $221,150 (4.0%) | $240,377 (-1.5%) | 0.00 | 100 |
2019-06-01 | $228,900 (6.5%) | $244,643 (1.3%) | 0.00 | 98 |
2019-07-01 | $241,750 (17.3%) | $253,429 (6.0%) | 0.00 | 104 |
2019-08-01 | $227,587 (7.0%) | $247,732 (1.1%) | 0.00 | 107 |
2019-09-01 | $224,117 (9.3%) | $243,371 (1.7%) | 0.00 | 112 |
2019-10-01 | $223,570 (10.4%) | $240,866 (3.3%) | 0.00 | 110 |
2019-11-01 | $231,400 (17.8%) | $251,393 (16.4%) | 0.00 | 100 |
2019-12-01 | $228,900 (15.8%) | $246,605 (14.0%) | 0.00 | 87 |
2020-01-01 | $223,425 (12.3%) | $243,065 (11.9%) | 0.00 | 74 |
2020-02-01 | $218,900 (5.5%) | $241,745 (7.8%) | 0.00 | 64 |
2020-03-01 | $215,550 (3.1%) | $242,147 (4.7%) | 0.00 | 64 |
2020-04-01 | $219,450 (5.1%) | $251,511 (8.5%) | 0.00 | 55 |
2020-05-01 | $249,000 (12.6%) | $253,389 (5.4%) | 0.00 | 71 |
2020-06-01 | $253,900 (10.9%) | $264,222 (8.0%) | 0.00 | 71 |
2020-07-01 | $257,150 (6.4%) | $268,655 (6.0%) | 0.00 | 54 |
2020-08-01 | $249,900 (9.8%) | $266,310 (7.5%) | 0.00 | 62 |
2020-09-01 | $243,650 (8.7%) | $265,673 (9.2%) | 0.00 | 61 |
2020-10-01 | $229,900 (2.8%) | $264,204 (9.7%) | 0.00 | 46 |
2020-11-01 | $206,575 (-10.7%) | $259,009 (3.0%) | 0.00 | 45 |
2020-12-01 | $202,400 (-11.6%) | $243,729 (-1.2%) | 0.00 | 31 |
2021-01-01 | $199,700 (-10.6%) | $234,870 (-3.4%) | 0.00 | 26 |
2021-02-01 | $199,250 (-9.0%) | $228,660 (-5.4%) | 0.00 | 25 |
2021-03-01 | $233,725 (8.4%) | $252,995 (4.5%) | 0.00 | 27 |
2021-04-01 | $264,900 (20.7%) | $269,072 (7.0%) | 0.00 | 30 |
2021-05-01 | $224,900 (-9.7%) | $253,344 (0.0%) | 0.00 | 24 |
2021-06-01 | $253,300 (-0.2%) | $279,867 (5.9%) | 0.00 | 25 |
2021-07-01 | $239,900 (-6.7%) | $264,231 (-1.7%) | 0.00 | 39 |
2021-08-01 | $256,250 (2.5%) | $258,912 (-2.8%) | 0.00 | 36 |
2021-09-01 | $240,000 (-1.5%) | $252,614 (-4.9%) | 0.00 | 54 |
2021-10-01 | $229,900 (0.0%) | $240,763 (-8.9%) | 0.00 | 49 |
2021-11-01 | $237,225 (14.8%) | $249,274 (-3.8%) | 0.00 | 48 |
2021-12-01 | $234,900 (16.1%) | $260,366 (6.8%) | 0.00 | 39 |
2022-01-01 | $242,400 (21.4%) | $265,324 (13.0%) | 0.00 | 34 |
2022-02-01 | $250,925 (25.9%) | $248,916 (8.9%) | 0.00 | 22 |
2022-03-01 | $229,950 (-1.6%) | $257,280 (1.7%) | 0.00 | 20 |
2022-04-01 | $274,950 (3.8%) | $269,519 (0.2%) | 0.00 | 22 |
2022-05-01 | $280,900 (24.9%) | $303,750 (19.9%) | 0.00 | 32 |
2022-06-01 | $268,950 (6.2%) | $280,346 (0.2%) | 0.00 | 40 |
2022-07-01 | $279,000 (16.3%) | $296,218 (12.1%) | 0.00 | 42 |
2022-08-01 | $279,750 (9.2%) | $305,129 (17.9%) | 0.00 | 50 |
2022-09-01 | $276,250 (15.1%) | $301,202 (19.2%) | 0.00 | 43 |
2022-10-01 | $289,900 (26.1%) | $312,143 (29.7%) | 0.00 | 46 |
2022-11-01 | $284,900 (20.1%) | $305,718 (22.6%) | 0.00 | 50 |
2022-12-01 | $286,950 (22.2%) | $317,225 (21.8%) | 0.00 | 39 |
2023-01-01 | $289,675 (19.5%) | $329,345 (24.1%) | 0.00 | 34 |
2023-02-01 | $286,950 (14.4%) | $347,817 (39.7%) | 0.00 | 30 |
2023-03-01 | $288,425 (25.4%) | $335,898 (30.6%) | 0.00 | 22 |
2023-04-01 | $339,000 (23.3%) | $396,304 (47.0%) | 0.00 | 21 |
2023-05-01 | $334,925 (19.2%) | $381,585 (25.6%) | 0.00 | 23 |
2023-06-01 | $302,950 (12.6%) | $356,509 (27.2%) | 0.00 | 25 |
2023-07-01 | $299,900 (7.5%) | $352,800 (19.1%) | 0.00 | 37 |
2023-08-01 | $283,000 (1.2%) | $330,539 (8.3%) | 0.00 | 44 |
Owatonna's median listing price comes in at 0% of the national average.
Owatonna's average listing price for 2023-08-01 was $330,539, a difference of $25,410 (8.3%) versus the prior year and $-22,261 versus the prior month.
For the 2023-08-01 period, Owatonna had 44 MLS listings, a difference of 7 listings (19%) versus the prior month and -6 listings (-12%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Owatonna (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,560 sqft |
2018-02-01 | 0 days | 2,468 sqft |
2018-03-01 | 0 days | 2,404 sqft |
2018-04-01 | 0 days | 2,499 sqft |
2018-05-01 | 0 days | 2,356 sqft |
2018-06-01 | 0 days | 2,498 sqft |
2018-07-01 | 0 days | 2,374 sqft |
2018-08-01 | 0 days | 2,437 sqft |
2018-09-01 | 0 days | 2,424 sqft |
2018-10-01 | 0 days | 2,355 sqft |
2018-11-01 | 0 days | 2,295 sqft |
2018-12-01 | 0 days | 2,253 sqft |
2019-01-01 | 0 days | 1,855 sqft |
2019-02-01 | 0 days | 1,906 sqft |
2019-03-01 | 0 days | 1,873 sqft |
2019-04-01 | 0 days | 1,863 sqft |
2019-05-01 | 0 days | 1,956 sqft |
2019-06-01 | 0 days | 2,011 sqft |
2019-07-01 | 0 days | 2,001 sqft |
2019-08-01 | 0 days | 1,979 sqft |
2019-09-01 | 0 days | 1,946 sqft |
2019-10-01 | 0 days | 1,938 sqft |
2019-11-01 | 0 days | 2,036 sqft |
2019-12-01 | 0 days | 2,013 sqft |
2020-01-01 | 0 days | 1,986 sqft |
2020-02-01 | 0 days | 1,760 sqft |
2020-03-01 | 0 days | 1,777 sqft |
2020-04-01 | 0 days | 1,997 sqft |
2020-05-01 | 0 days | 1,918 sqft |
2020-06-01 | 0 days | 2,093 sqft |
2020-07-01 | 0 days | 2,143 sqft |
2020-08-01 | 0 days | 2,175 sqft |
2020-09-01 | 0 days | 2,130 sqft |
2020-10-01 | 0 days | 1,890 sqft |
2020-11-01 | 0 days | 1,801 sqft |
2020-12-01 | 0 days | 1,750 sqft |
2021-01-01 | 0 days | 1,645 sqft |
2021-02-01 | 0 days | 1,790 sqft |
2021-03-01 | 0 days | 1,800 sqft |
2021-04-01 | 0 days | 1,858 sqft |
2021-05-01 | 0 days | 1,842 sqft |
2021-06-01 | 0 days | 1,823 sqft |
2021-07-01 | 0 days | 1,813 sqft |
2021-08-01 | 0 days | 1,844 sqft |
2021-09-01 | 0 days | 1,933 sqft |
2021-10-01 | 0 days | 1,813 sqft |
2021-11-01 | 0 days | 1,820 sqft |
2021-12-01 | 0 days | 1,758 sqft |
2022-01-01 | 0 days | 1,755 sqft |
2022-02-01 | 0 days | 2,023 sqft |
2022-03-01 | 0 days | 2,155 sqft |
2022-04-01 | 0 days | 2,440 sqft |
2022-05-01 | 0 days | 1,950 sqft |
2022-06-01 | 0 days | 1,839 sqft |
2022-07-01 | 0 days | 2,009 sqft |
2022-08-01 | 0 days | 2,014 sqft |
2022-09-01 | 0 days | 1,926 sqft |
2022-10-01 | 0 days | 1,932 sqft |
2022-11-01 | 0 days | 1,886 sqft |
2022-12-01 | 0 days | 1,868 sqft |
2023-01-01 | 0 days | 1,893 sqft |
2023-02-01 | 0 days | 1,847 sqft |
2023-03-01 | 0 days | 1,825 sqft |
2023-04-01 | 0 days | 2,025 sqft |
2023-05-01 | 0 days | 2,059 sqft |
2023-06-01 | 0 days | 1,993 sqft |
2023-07-01 | 0 days | 1,915 sqft |
2023-08-01 | 0 days | 1,961 sqft |
Owatonna's median square footage for active listings during the 2023-08-01 period was 1,961 sqft. One year prior, the average listing was 2,014 sqft.
Owatonna, MN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 456 | $127,160,000 | $278,860 |
Cash Out Refi | 135 | $25,015,000 | $185,296 |
Refi | 78 | $15,540,000 | $199,231 |
Home Improvement | 33 | $1,995,000 | $60,455 |
Other | 33 | $2,805,000 | $85,000 |
Owatonna's most frequently cited loan purpose was Home Purchase, with 456 originations. The 2nd most popular reason was Cash Out Refi, with 135 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 202 | $44,660,000 | $221,089 |
4-5% | 177 | $39,295,000 | $222,006 |
3-4% | 159 | $57,475,000 | $361,478 |
6-7% | 87 | $14,445,000 | $166,034 |
2.5-3% | 41 | $6,935,000 | $169,146 |
7-8% | 22 | $3,440,000 | $156,364 |
<2.5% | 19 | $3,075,000 | $161,842 |
Over 8% | 14 | $1,520,000 | $108,571 |
During 2022, Owatonna's most frequently originated rate bucket was 5-6%, with 202 originations.
Loan Sizing (Owatonna, MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 298 | $46,550,000 | $156,208 |
$200k-400k | 289 | $77,965,000 | $269,775 |
$100,000 or less | 120 | $6,180,000 | $51,500 |
$400k-600k | 19 | $8,945,000 | $470,789 |
$600k-1000k | 5 | $3,865,000 | $773,000 |
$Over $1MM | 4 | $29,010,000 | $7,252,500 |
Owatonna's loan sizing saw the bucket of loans from $100k-200k with 298 originations, totaling $46,550,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 330 | $77,580,000 | $235,091 |
60-80% | 189 | $63,435,000 | $335,635 |
40-60% | 80 | $15,160,000 | $189,500 |
Under 20% | 58 | $2,100,000 | $36,207 |
20-40% | 52 | $4,460,000 | $85,769 |
Over 100% | 16 | $8,160,000 | $510,000 |
Owatonna's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 330 originations, totaling $77,580,000 in origination value.