Owatonna Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Owatonna averaged
6.37%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
5.97% and
one month ago for the week of 2024-09-05, the
average rate was 6.6%.
Owatonna's average rate one year ago was 7.54%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.52%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Owatonna 30 Year Fixed Rate | 2024-10-10 | 6.37% |
Owatonna 30 Year Fixed Rate Refi | 2024-10-10 | 6.52% |
Owatonna 15 Year Fixed Rate | 2024-10-10 | 5.41% |
Owatonna 15 Year Fixed Rate Refi | 2024-10-10 | 6.01% |
Owatonna 30 Year FHA | 2024-10-10 | 6.13% |
Owatonna 30 Year FHA Refi | 2024-10-10 | 5.9% |
Owatonna 30 Year USDA | 2024-10-10 | 5.88% |
Owatonna 30 Year USDA Refi | 2024-10-10 | 6.08% |
Owatonna 30 Year VA | 2024-10-10 | 5.75% |
Owatonna 30 Year VA Refi | 2024-10-10 | 5.85% |
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 60 lenders originated 564
loans during 2023. The total origination value was $123,570,000, with an average loan value of
$219,096.
Owatonna's average closing costs are $4,981.
The top Owatonna lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
47 loans originated. Their average total fees are
$7,134, which is $3,451
higher than the next largest lender,
U.S. Bank.
The lowest fee Owatonna lenders (with over 10 loans originated) are
Wells Fargo Bank ($3,067), U.S. Bank ($3,683), Bremer Bank ($5,550), GUARANTEED RATE, INC. ($5,628) and CROSSCOUNTRY MORTGAGE, LLC ($7,134).
The lowest rate Owatonna lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.64%), U.S. Bank (6.67%), QUICKEN LOANS, LLC (6.69%), GUARANTEED RATE, INC. (6.77%) and CROSSCOUNTRY MORTGAGE, LLC (6.82%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
CROSSCOUNTRY MORTGAGE, LLC | $17,135,000 | $17,520,000 | 2.2% | 14.2% |
National Bank of Commerce | $23,010,000 | $16,005,000 | -30.4% | 13.0% |
GUARANTEED RATE, INC. | $6,190,000 | $7,065,000 | 14.1% | 5.7% |
U.S. Bank | $5,875,000 | $5,810,000 | -1.1% | 4.7% |
Bremer Bank | $6,745,000 | $5,790,000 | -14.2% | 4.7% |
QUICKEN LOANS, LLC | $4,440,000 | $5,735,000 | 29.2% | 4.6% |
UNITED WHOLESALE MORTGAGE, LLC | $4,295,000 | $5,235,000 | 21.9% | 4.2% |
Wells Fargo Bank | $9,195,000 | $3,560,000 | -61.3% | 2.9% |
Cambria Financial Group, LLC | $3,530,000 | $3,510,000 | -0.6% | 2.8% |
TOWNE MORTGAGE COMPANY | $6,560,000 | $3,295,000 | -49.8% | 2.7% |
Profinium Inc. | $3,180,000 | n/a | 2.6% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,135,000 | $3,105,000 | -1.0% | 2.5% |
IOWA BANKERS MORTGAGE CORPORATION | $1,830,000 | $2,450,000 | 33.9% | 2.0% |
Mortgage Research Center, LLC | $2,330,000 | $1,980,000 | -15.0% | 1.6% |
SIRVA MORTGAGE, INC. | $650,000 | $1,630,000 | 150.8% | 1.3% |
Prosperity Home Mortgage, LLC | $2,215,000 | $1,620,000 | -26.9% | 1.3% |
BAY EQUITY LLC | $2,040,000 | $1,450,000 | -28.9% | 1.2% |
Mr. Cooper ( Nationstar Mortgage ) | $1,380,000 | $1,325,000 | -4.0% | 1.1% |
Bell Bank | $1,700,000 | $1,300,000 | -23.5% | 1.1% |
AMERICAN PORTFOLIO MORTGAGE CORPORATION | $490,000 | $1,295,000 | 164.3% | 1.0% |
USAA Federal Savings Bank | $255,000 | $1,070,000 | 319.6% | 0.9% |
AFFINITY PLUS | $1,560,000 | $1,065,000 | -31.7% | 0.9% |
BROKER SOLUTIONS, INC. | $1,595,000 | $980,000 | -38.6% | 0.8% |
Plains Commerce Bank | $3,090,000 | $915,000 | -70.4% | 0.7% |
Minnwest Bank | $970,000 | $890,000 | -8.2% | 0.7% |
Servion, Inc. | $400,000 | $865,000 | 116.3% | 0.7% |
The State Bank of Faribault | $985,000 | $840,000 | -14.7% | 0.7% |
Manufacturers Bank & Trust Company | $1,990,000 | $835,000 | -58.0% | 0.7% |
CARDINAL FINANCIAL | $2,140,000 | $825,000 | -61.4% | 0.7% |
AMERISAVE MORTGAGE CORPORATION | $1,065,000 | $740,000 | -30.5% | 0.6% |
WINGS FINANCIAL | $1,985,000 | $720,000 | -63.7% | 0.6% |
NEWREZ LLC | $440,000 | $715,000 | 62.5% | 0.6% |
Merchants Bank | $1,395,000 | $685,000 | -50.9% | 0.6% |
FREEDOM MORTGAGE CORPORATION | $1,445,000 | $675,000 | -53.3% | 0.5% |
HIWAY | $300,000 | $665,000 | 121.7% | 0.5% |
LOANDEPOT.COM, LLC | $3,165,000 | $665,000 | -79.0% | 0.5% |
Summit Mortgage Corporation | $670,000 | $625,000 | -6.7% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $1,210,000 | $605,000 | -50.0% | 0.5% |
VERIDIAN CREDIT UNION | $580,000 | n/a | 0.5% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $185,000 | $560,000 | 202.7% | 0.5% |
Barrington Bank & Trust Company, N.A. | $535,000 | $545,000 | 1.9% | 0.4% |
COMPEER FINANCIAL, FLCA | $2,785,000 | $535,000 | -80.8% | 0.4% |
PLAZA HOME MORTGAGE, INC. | $660,000 | $500,000 | -24.2% | 0.4% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $205,000 | $480,000 | 134.1% | 0.4% |
Frandsen Bank & Trust | $1,000,000 | $465,000 | -53.5% | 0.4% |
Home Federal Savings Bank | $3,650,000 | $420,000 | -88.5% | 0.3% |
First Savings Bank | $400,000 | n/a | 0.3% | |
AMERICAN FINANCING CORPORATION | $175,000 | $395,000 | 125.7% | 0.3% |
Citizens Bank | $290,000 | $375,000 | 29.3% | 0.3% |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $4,965,000 | $350,000 | -93.0% | 0.3% |
MORTGAGE ACCESS CORP. | $325,000 | n/a | 0.3% | |
Discover Bank | $150,000 | $320,000 | 113.3% | 0.3% |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $320,000 | n/a | 0.3% | |
MID AMERICA MORTGAGE, INC. | $320,000 | n/a | 0.3% | |
Bank of England | $965,000 | $285,000 | -70.5% | 0.2% |
Lakeview Bank | $285,000 | n/a | 0.2% | |
Ixonia Bank | $280,000 | n/a | 0.2% | |
LAKEVIEW LOAN SERVICING, LLC | $320,000 | $270,000 | -15.6% | 0.2% |
Bluff View Bank | $265,000 | n/a | 0.2% | |
EVERETT FINANCIAL, INC. | $265,000 | n/a | 0.2% | |
Paramount Residential Mortgage Group, Inc. | $285,000 | $255,000 | -10.5% | 0.2% |
AMERICAN FINANCIAL NETWORK, INC. | $245,000 | n/a | 0.2% | |
CALIBER HOME LOANS, INC. | $245,000 | n/a | 0.2% | |
DELMAR FINANCIAL COMPANY | $235,000 | n/a | 0.2% | |
First Federal Bank | $530,000 | $235,000 | -55.7% | 0.2% |
Mid-Continent Funding, Inc. | $245,000 | $235,000 | -4.1% | 0.2% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $440,000 | $225,000 | -48.9% | 0.2% |
MEGASTAR FINANCIAL CORP. | $225,000 | n/a | 0.2% | |
Platinum Bank | $225,000 | n/a | 0.2% | |
PREMIER MORTGAGE RESOURCES, L.L.C. | $225,000 | n/a | 0.2% | |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,085,000 | $215,000 | -80.2% | 0.2% |
Figure Lending LLC | $150,000 | $200,000 | 33.3% | 0.2% |
GUARANTEED RATE AFFINITY, LLC | $195,000 | n/a | 0.2% | |
MILEND, INC. | $615,000 | $195,000 | -68.3% | 0.2% |
V.I.P. MORTGAGE, INC. | $195,000 | n/a | 0.2% | |
Axos Bank | $185,000 | n/a | 0.1% | |
Carrington Mortgage Services, LLC | $185,000 | n/a | 0.1% | |
Centier Bank | $185,000 | n/a | 0.1% | |
Flagstar Bank, FSB | $510,000 | $185,000 | -63.7% | 0.1% |
American Mortgage & Equity Consultants, Inc. | $765,000 | $180,000 | -76.5% | 0.1% |
Century Mortgage Company DBA Century Lending Company | $180,000 | n/a | 0.1% | |
First Bank & Trust | $705,000 | $180,000 | -74.5% | 0.1% |
BETTER MORTGAGE CORPORATION | $785,000 | $175,000 | -77.7% | 0.1% |
COMMUNITY MORTGAGE FUNDING, LLC | $175,000 | n/a | 0.1% | |
Equity Prime Mortgage LLC | $175,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $160,000 | n/a | 0.1% | |
PNC Bank | $155,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $145,000 | $145,000 | 0.0% | 0.1% |
THRIVENT Federal Credit Union | $135,000 | n/a | 0.1% | |
TOWER | $125,000 | n/a | 0.1% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $410,000 | $120,000 | -70.7% | 0.1% |
Think Mutual Bank | $300,000 | $105,000 | -65.0% | 0.1% |
The Huntington National Bank | $910,000 | $80,000 | -91.2% | 0.1% |
Cornerstone State Bank | $75,000 | n/a | 0.1% | |
BUILDING TRADES FEDERAL CREDIT UNION | $65,000 | n/a | 0.1% | |
Coastal Community Bank | $65,000 | n/a | 0.1% | |
NAVY FEDERAL CREDIT UNION | $780,000 | $55,000 | -92.9% | 0.0% |
NOVATION CREDIT UNION | $55,000 | n/a | 0.0% | |
Midwest Heritage Bank FSB | $45,000 | n/a | 0.0% | |
SPIRE Credit Union | $25,000 | $45,000 | 80.0% | 0.0% |
BMO Harris Bank | $25,000 | n/a | 0.0% | |
CAPITAL CREDIT UNION | $25,000 | n/a | 0.0% | |
MAYO EMPLOYEES FEDERAL CREDIT UNION | $15,000 | n/a | 0.0% |
Owatonna's top lender by overall market share is CROSSCOUNTRY MORTGAGE, LLC, with 14.2% market share. In second place, with 13.0%, is National Bank of Commerce, having originated $16,005,000 in loans. In third place, with 5.7%, is GUARANTEED RATE, INC., having originated $7,065,000 in loans. In fourth place, with 4.7%, is U.S. Bank, having originated $5,810,000 in loans. In fifth place, with 4.7%, is Bremer Bank, having originated $5,790,000 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 (0.7%) | $244,981 (4.9%) | 0.00 | 88 |
2018-09-01 | $206,750 (-4.7%) | $239,989 (0.1%) | 0.00 | 100 |
2018-10-01 | $202,450 (-6.7%) | $233,853 (-3.0%) | 0.00 | 103 |
2018-11-01 | $197,900 (-2.0%) | $216,729 (-7.6%) | 0.00 | 106 |
2018-12-01 | $199,500 (-7.2%) | $216,929 (-8.4%) | 0.00 | 98 |
2019-01-01 | $201,450 (0.9%) | $218,470 (-7.7%) | 0.00 | 85 |
2019-02-01 | $209,450 (13.3%) | $225,248 (1.1%) | 0.00 | 76 |
2019-03-01 | $210,471 (4.1%) | $231,728 (-0.5%) | 0.00 | 74 |
2019-04-01 | $208,996 (-5.7%) | $231,794 (-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 (8.4%) | $243,371 (1.4%) | 0.00 | 112 |
2019-10-01 | $223,570 (10.4%) | $240,866 (3.0%) | 0.00 | 110 |
2019-11-01 | $231,400 (16.9%) | $251,393 (16.0%) | 0.00 | 100 |
2019-12-01 | $228,900 (14.7%) | $246,605 (13.7%) | 0.00 | 87 |
2020-01-01 | $223,425 (10.9%) | $243,065 (11.3%) | 0.00 | 74 |
2020-02-01 | $218,900 (4.5%) | $241,745 (7.3%) | 0.00 | 64 |
2020-03-01 | $215,550 (2.4%) | $242,147 (4.5%) | 0.00 | 64 |
2020-04-01 | $219,450 (5.0%) | $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 | $235,950 (14.2%) | $248,581 (-4.0%) | 0.00 | 48 |
2021-12-01 | $232,425 (14.8%) | $259,171 (6.3%) | 0.00 | 38 |
2022-01-01 | $234,900 (17.6%) | $263,667 (12.3%) | 0.00 | 33 |
2022-02-01 | $249,150 (25.0%) | $246,421 (7.8%) | 0.00 | 21 |
2022-03-01 | $226,950 (-2.9%) | $254,485 (0.6%) | 0.00 | 19 |
2022-04-01 | $274,900 (3.8%) | $267,500 (-0.6%) | 0.00 | 21 |
2022-05-01 | $275,950 (22.7%) | $303,323 (19.7%) | 0.00 | 31 |
2022-06-01 | $263,350 (4.0%) | $279,666 (-0.1%) | 0.00 | 39 |
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 (20.8%) | $305,718 (23.0%) | 0.00 | 50 |
2022-12-01 | $286,950 (23.5%) | $317,225 (22.4%) | 0.00 | 39 |
2023-01-01 | $289,675 (23.3%) | $329,345 (24.9%) | 0.00 | 34 |
2023-02-01 | $286,950 (15.2%) | $347,817 (41.2%) | 0.00 | 30 |
2023-03-01 | $288,425 (27.1%) | $335,898 (32.0%) | 0.00 | 22 |
2023-04-01 | $339,000 (23.3%) | $396,304 (48.2%) | 0.00 | 21 |
2023-05-01 | $334,925 (21.4%) | $381,585 (25.8%) | 0.00 | 23 |
2023-06-01 | $302,950 (15.0%) | $356,509 (27.5%) | 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 |
2023-09-01 | $319,500 (15.7%) | $368,178 (22.2%) | 0.00 | 49 |
2023-10-01 | $339,900 (17.3%) | $369,823 (18.5%) | 0.00 | 50 |
2023-11-01 | $309,800 (8.7%) | $335,772 (9.8%) | 0.00 | 47 |
2023-12-01 | $299,900 (4.5%) | $319,779 (0.8%) | 0.00 | 37 |
2024-01-01 | $322,325 (11.3%) | $345,662 (5.0%) | 0.00 | 33 |
2024-02-01 | $349,900 (21.9%) | $351,267 (1.0%) | 0.00 | 31 |
2024-03-01 | $359,000 (24.5%) | $349,749 (4.1%) | 0.00 | 26 |
2024-04-01 | $342,000 (0.9%) | $364,270 (-8.1%) | 0.00 | 35 |
2024-05-01 | $352,400 (5.2%) | $379,578 (-0.5%) | 0.00 | 43 |
2024-06-01 | $349,900 (15.5%) | $373,098 (4.7%) | 0.00 | 42 |
2024-07-01 | $347,000 (15.7%) | $370,398 (5.0%) | 0.00 | 47 |
2024-08-01 | $339,200 (19.9%) | $396,415 (19.9%) | 0.00 | 55 |
2024-09-01 | $339,950 (6.4%) | $403,266 (9.5%) | 0.00 | 60 |
Owatonna's median listing price comes in at 0% of the national average.
Owatonna's average listing price for 2024-09-01 was $403,266, a difference of $35,088 (9.5%) versus the prior year and $6,851 versus the prior month.
For the 2024-09-01 period, Owatonna had 60 MLS listings, a difference of 5 listings (9%) versus the prior month and 11 listings (22%) 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 | 2,428 sqft |
2018-10-01 | 0 days | 2,372 sqft |
2018-11-01 | 0 days | 2,303 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 | 1,828 sqft |
2021-12-01 | 0 days | 1,785 sqft |
2022-01-01 | 0 days | 1,779 sqft |
2022-02-01 | 0 days | 2,047 sqft |
2022-03-01 | 0 days | 2,185 sqft |
2022-04-01 | 0 days | 2,500 sqft |
2022-05-01 | 0 days | 1,958 sqft |
2022-06-01 | 0 days | 1,850 sqft |
2022-07-01 | 0 days | 2,034 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 |
2023-09-01 | 0 days | 2,000 sqft |
2023-10-01 | 0 days | 2,235 sqft |
2023-11-01 | 0 days | 1,969 sqft |
2023-12-01 | 0 days | 1,976 sqft |
2024-01-01 | 0 days | 1,943 sqft |
2024-02-01 | 0 days | 1,944 sqft |
2024-03-01 | 0 days | 1,984 sqft |
2024-04-01 | 0 days | 1,992 sqft |
2024-05-01 | 0 days | 2,043 sqft |
2024-06-01 | 0 days | 2,374 sqft |
2024-07-01 | 0 days | 2,161 sqft |
2024-08-01 | 0 days | 2,099 sqft |
2024-09-01 | 0 days | 2,224 sqft |
Owatonna's median square footage for active listings during the 2024-09-01 period was 2,224 sqft. One year prior, the average listing was 2,000 sqft.
Owatonna, MN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 394 | $101,750,000 | $258,249 |
Cash Out Refi | 72 | $12,520,000 | $173,889 |
Other | 44 | $3,290,000 | $74,773 |
Home Improvement | 37 | $2,565,000 | $69,324 |
Refi | 17 | $3,445,000 | $202,647 |
Owatonna's most frequently cited loan purpose was Home Purchase, with 394 originations. The 2nd most popular reason was Cash Out Refi, with 72 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 236 | $67,130,000 | $284,449 |
7-8% | 128 | $27,240,000 | $212,813 |
5-6% | 72 | $14,880,000 | $206,667 |
Over 8% | 72 | $7,200,000 | $100,000 |
<2.5% | 12 | $180,000 | $15,000 |
4-5% | 2 | $500,000 | $250,000 |
During 2023, Owatonna's most frequently originated rate bucket was 6-7%, with 236 originations.
Loan Sizing (Owatonna, MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 237 | $62,945,000 | $265,591 |
$100k-200k | 179 | $28,035,000 | $156,620 |
$100,000 or less | 124 | $5,600,000 | $45,161 |
$400k-600k | 21 | $9,475,000 | $451,190 |
$600k-1000k | 2 | $1,510,000 | $755,000 |
$Over $1MM | 1 | $16,005,000 | $16,005,000 |
Owatonna's loan sizing saw the bucket of loans from $200k-400k with 237 originations, totaling $62,945,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 266 | $65,320,000 | $245,564 |
60-80% | 112 | $40,490,000 | $361,518 |
Under 20% | 76 | $2,410,000 | $31,711 |
20-40% | 44 | $3,890,000 | $88,409 |
40-60% | 28 | $4,360,000 | $155,714 |
Over 100% | 3 | $755,000 | $251,667 |
Owatonna's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 266 originations, totaling $65,320,000 in origination value.