Oxford Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Oxford averaged
6.71%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
6.93% and
one month ago for the week of 2024-06-13, the
average rate was 7.09%.
Oxford's average rate one year ago was 6.7%.
For refis of the same type during the week of 2024-07-18, the average rate
was 7.07%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Oxford 30 Year Fixed Rate | 2024-07-18 | 6.71% |
| Oxford 30 Year Fixed Rate Refi | 2024-07-18 | 7.07% |
| Oxford 15 Year Fixed Rate | 2024-07-18 | 5.85% |
| Oxford 15 Year Fixed Rate Refi | 2024-07-18 | 6.15% |
| Oxford 30 Year FHA | 2024-07-18 | 6.69% |
| Oxford 30 Year FHA Refi | 2024-07-18 | 6.49% |
| Oxford 30 Year USDA | 2024-07-18 | 6.83% |
| Oxford 30 Year USDA Refi | 2024-07-18 | 6.73% |
| Oxford 30 Year VA | 2024-07-18 | 6.2% |
| Oxford 30 Year VA Refi | 2024-07-18 | 6.3% |
Oxford 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 Oxford, MS 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.).
Oxford Average Closing Costs & Other Stats
Oxford, MS's 92 lenders originated 1,215
loans during 2023. The total origination value was $375,295,000, with an average loan value of
$308,885.
Oxford's average closing costs are $4,489.
The top Oxford lender as defined by loan originations is Regions Bank, with
74 loans originated. Their average total fees are
$4,966, which is $1,234
lower than the next largest lender,
Renasant Bank.
The lowest fee Oxford lenders (with over 10 loans originated) are
Origin Bank ($3,608), BankPlus ($4,948), Regions Bank ($4,966), BancorpSouth ($5,108) and Trustmark National Bank ($5,416).
The lowest rate Oxford lenders (with over 10 loans originated) are
Regions Bank (6.50%), Renasant Bank (6.59%), QUICKEN LOANS, LLC (6.69%), BancorpSouth (6.70%) and BankPlus (6.71%).
Oxford, MS 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 |
|---|---|---|---|---|
| BankPlus | $38,150,000 | $52,485,000 | 37.6% | 14.0% |
| Regions Bank | $33,660,000 | $36,290,000 | 7.8% | 9.7% |
| Renasant Bank | $46,025,000 | $33,945,000 | -26.2% | 9.0% |
| First Commercial Bank | $23,360,000 | $32,320,000 | 38.4% | 8.6% |
| BancorpSouth | $29,590,000 | $24,950,000 | -15.7% | 6.6% |
| WALKER & DUNLOP, LLC | $14,625,000 | n/a | 3.9% | |
| BankFirst Financial Services | $8,850,000 | $13,410,000 | 51.5% | 3.6% |
| Trustmark National Bank | $52,010,000 | $12,445,000 | -76.1% | 3.3% |
| QUICKEN LOANS, LLC | $13,380,000 | $10,895,000 | -18.6% | 2.9% |
| Guaranty Bank and Trust Company | $9,165,000 | $9,225,000 | 0.7% | 2.5% |
| Bank of England | $8,085,000 | $5,070,000 | -37.3% | 1.4% |
| Mortgage Research Center, LLC | $2,290,000 | $4,810,000 | 110.0% | 1.3% |
| Origin Bank | $6,795,000 | $4,485,000 | -34.0% | 1.2% |
| Paragon Bank | $3,975,000 | $3,910,000 | -1.6% | 1.0% |
| Flagstar Bank, FSB | $7,035,000 | $3,740,000 | -46.8% | 1.0% |
| Morgan Stanley Private Bank | $1,070,000 | $3,495,000 | 226.6% | 0.9% |
| Community Bank of Mississippi | $5,100,000 | $3,485,000 | -31.7% | 0.9% |
| Bank of America | $3,330,000 | $3,070,000 | -7.8% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $1,410,000 | $2,725,000 | 93.3% | 0.7% |
| Independent Bank | $315,000 | $2,565,000 | 714.3% | 0.7% |
| The Bank of Holly Springs | $3,780,000 | $2,465,000 | -34.8% | 0.7% |
| Southern Bancorp Bank | $2,435,000 | n/a | 0.6% | |
| CROSSCOUNTRY MORTGAGE, LLC | $245,000 | $2,390,000 | 875.5% | 0.6% |
| 21ST MORTGAGE CORPORATION | $1,645,000 | $2,275,000 | 38.3% | 0.6% |
| Raymond James Bank | $2,535,000 | $2,260,000 | -10.8% | 0.6% |
| Wells Fargo Bank | $3,685,000 | $2,205,000 | -40.2% | 0.6% |
| First Security Bank | $175,000 | $2,130,000 | 1,117.1% | 0.6% |
| AmeriHome Mortgage Company, LLC | $2,460,000 | $2,120,000 | -13.8% | 0.6% |
| UBS Bank USA | $1,150,000 | $1,985,000 | 72.6% | 0.5% |
| The Citizens Bank of Philadelphia, Mississippi | $360,000 | $1,650,000 | 358.3% | 0.4% |
| Pinnacle Bank | $1,785,000 | $1,535,000 | -14.0% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $625,000 | $1,520,000 | 143.2% | 0.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,630,000 | $1,510,000 | -7.4% | 0.4% |
| Evolve Bank & Trust | $280,000 | $1,495,000 | 433.9% | 0.4% |
| Focus Bank | $755,000 | $1,405,000 | 86.1% | 0.4% |
| Commerce Bank | $1,325,000 | n/a | 0.4% | |
| Simmons Bank | $1,360,000 | $1,315,000 | -3.3% | 0.4% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $2,430,000 | $1,295,000 | -46.7% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $1,945,000 | $1,270,000 | -34.7% | 0.3% |
| MOVEMENT MORTGAGE, LLC | $4,640,000 | $1,260,000 | -72.8% | 0.3% |
| FIRST SOUTH FINANCIAL | $1,115,000 | n/a | 0.3% | |
| JPMorgan Chase Bank | $825,000 | $1,095,000 | 32.7% | 0.3% |
| United Southern Bank | $1,075,000 | n/a | 0.3% | |
| BROKER SOLUTIONS, INC. | $1,310,000 | $1,065,000 | -18.7% | 0.3% |
| PriorityOne Bank | $1,425,000 | $1,035,000 | -27.4% | 0.3% |
| GUARANTEED RATE, INC. | $605,000 | $1,015,000 | 67.8% | 0.3% |
| UNION HOME MORTGAGE CORP. | $1,000,000 | n/a | 0.3% | |
| The Citizens National Bank of Meridian | $990,000 | $995,000 | 0.5% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $235,000 | $990,000 | 321.3% | 0.3% |
| CARDINAL FINANCIAL | $875,000 | $975,000 | 11.4% | 0.3% |
| EVERETT FINANCIAL, INC. | $2,550,000 | $965,000 | -62.2% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,600,000 | $945,000 | -63.7% | 0.3% |
| Financial Federal Bank | $840,000 | $945,000 | 12.5% | 0.3% |
| USAA Federal Savings Bank | $1,895,000 | $885,000 | -53.3% | 0.2% |
| U.S. Bank | $660,000 | $850,000 | 28.8% | 0.2% |
| Great Southern Bank | $65,000 | $830,000 | 1,176.9% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $295,000 | $825,000 | 179.7% | 0.2% |
| First Horizon Bank | $3,175,000 | $820,000 | -74.2% | 0.2% |
| LOANDEPOT.COM, LLC | $2,890,000 | $815,000 | -71.8% | 0.2% |
| Discover Bank | $770,000 | $790,000 | 2.6% | 0.2% |
| Prosperity Home Mortgage, LLC | $785,000 | n/a | 0.2% | |
| The Bank of Fayette County | $940,000 | $770,000 | -18.1% | 0.2% |
| Hancock Whitney Bank | $680,000 | $765,000 | 12.5% | 0.2% |
| Magnolia Bank | $1,050,000 | $745,000 | -29.0% | 0.2% |
| MORTGAGE INVESTORS GROUP, INC. | $185,000 | $745,000 | 302.7% | 0.2% |
| The First, A National Banking Association | $745,000 | n/a | 0.2% | |
| BETTER MORTGAGE CORPORATION | $840,000 | $725,000 | -13.7% | 0.2% |
| Magnolia State Bank | $205,000 | $715,000 | 248.8% | 0.2% |
| Truist | $875,000 | $710,000 | -18.9% | 0.2% |
| CapStar Bank | $645,000 | $685,000 | 6.2% | 0.2% |
| FIVEPOINT CREDIT UNION | $685,000 | n/a | 0.2% | |
| Citizens Bank | $2,840,000 | $625,000 | -78.0% | 0.2% |
| COMMUNITY MORTGAGE CORPORATION | $17,575,000 | $625,000 | -96.4% | 0.2% |
| RiverHills Bank | $605,000 | n/a | 0.2% | |
| First National Bank of Eastern Arkansas | $300,000 | $600,000 | 100.0% | 0.2% |
| PHH Mortgage Corporation | $360,000 | $590,000 | 63.9% | 0.2% |
| Southwest Airlines Federal Credit Union | $335,000 | $585,000 | 74.6% | 0.2% |
| Stifel Bank and Trust | $135,000 | $565,000 | 318.5% | 0.2% |
| The Central Trust Bank | $475,000 | $555,000 | 16.8% | 0.1% |
| UMB Bank | $555,000 | n/a | 0.1% | |
| NEWREZ LLC | $375,000 | $525,000 | 40.0% | 0.1% |
| CMG MORTGAGE, INC. | $175,000 | $510,000 | 191.4% | 0.1% |
| Peoples Bank | $575,000 | $505,000 | -12.2% | 0.1% |
| GMFS LLC | $615,000 | $500,000 | -18.7% | 0.1% |
| Citizens Bank | $2,840,000 | $490,000 | -82.7% | 0.1% |
| Commercial Bank & Trust Co. | $490,000 | n/a | 0.1% | |
| FREEDOM MORTGAGE CORPORATION | $2,270,000 | $480,000 | -78.9% | 0.1% |
| Goldman Sachs Bank USA | $475,000 | n/a | 0.1% | |
| Planters Bank & Trust Company | $1,990,000 | $475,000 | -76.1% | 0.1% |
| First Bank | $125,000 | $455,000 | 264.0% | 0.1% |
| Colony Bank | $435,000 | n/a | 0.1% | |
| Neighborhood Loans, Inc. | $435,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $165,000 | $425,000 | 157.6% | 0.1% |
| Merchants & Planters Bank | $425,000 | n/a | 0.1% | |
| Ally Bank | $1,100,000 | $405,000 | -63.2% | 0.1% |
| Farmers Bank & Trust | $405,000 | n/a | 0.1% | |
| TENNESSEE VALLEY | $395,000 | n/a | 0.1% | |
| Orion Federal Credit Union | $255,000 | $385,000 | 51.0% | 0.1% |
| PURDUE FEDERAL CREDIT UNION | $385,000 | n/a | 0.1% | |
| State Bank of De Kalb | $385,000 | n/a | 0.1% | |
| Ixonia Bank | $205,000 | $375,000 | 82.9% | 0.1% |
| Edmonton State Bank | $365,000 | n/a | 0.1% | |
| American State Bank | $355,000 | n/a | 0.1% | |
| Bell Bank | $355,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $510,000 | $355,000 | -30.4% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $155,000 | $350,000 | 125.8% | 0.1% |
| TJC Mortgage, Inc. | $345,000 | n/a | 0.1% | |
| First Southern Bank | $335,000 | n/a | 0.1% | |
| Wyndham Capital Mortgage, Inc. | $700,000 | $335,000 | -52.1% | 0.1% |
| City National Bank | $325,000 | n/a | 0.1% | |
| Flanagan State Bank | $325,000 | n/a | 0.1% | |
| The Bank of Herrin | $325,000 | n/a | 0.1% | |
| CANOPY MORTGAGE, LLC | $315,000 | n/a | 0.1% | |
| REDSTONE Federal Credit Union | $1,555,000 | $315,000 | -79.7% | 0.1% |
| Century Next Bank | $305,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $300,000 | n/a | 0.1% | |
| GUIDANCE RESIDENTIAL, LLC | $295,000 | n/a | 0.1% | |
| Nations Lending Corporation | $1,545,000 | $295,000 | -80.9% | 0.1% |
| Progressive Bank | $285,000 | n/a | 0.1% | |
| The Huntington National Bank | $285,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $285,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $450,000 | $275,000 | -38.9% | 0.1% |
| First National Bank | $275,000 | n/a | 0.1% | |
| FLAT BRANCH MORTGAGE, INC. | $275,000 | n/a | 0.1% | |
| Patriot Bank | $255,000 | $270,000 | 5.9% | 0.1% |
| Bank Midwest | $265,000 | n/a | 0.1% | |
| M&T Bank | $265,000 | n/a | 0.1% | |
| PNC Bank | $1,170,000 | $265,000 | -77.4% | 0.1% |
| The Farmers & Merchants Bank | $265,000 | n/a | 0.1% | |
| Merchants & Farmers Bank | $260,000 | n/a | 0.1% | |
| American Airlines Federal Credit Union | $610,000 | $255,000 | -58.2% | 0.1% |
| Bank of Springfield | $255,000 | n/a | 0.1% | |
| THRIVE MORTGAGE, LLC | $255,000 | n/a | 0.1% | |
| Academy Bank | $245,000 | n/a | 0.1% | |
| Brighton Bank | $245,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $245,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $195,000 | $245,000 | 25.6% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $245,000 | n/a | 0.1% | |
| First Financial Bank | $235,000 | n/a | 0.1% | |
| STANDARD MORTGAGE CORPORATION | $235,000 | n/a | 0.1% | |
| CIS Financial Services, Inc. | $230,000 | n/a | 0.1% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $225,000 | $225,000 | 0.0% | 0.1% |
| ONY GLO, INC. | $225,000 | n/a | 0.1% | |
| Republic Bank & Trust Company | $225,000 | n/a | 0.1% | |
| Worthington National Bank | $225,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $310,000 | $220,000 | -29.0% | 0.1% |
| Armed Forces Bank | $215,000 | n/a | 0.1% | |
| Assurance Financial Group, L.L.C. | $235,000 | $215,000 | -8.5% | 0.1% |
| DAS Acquisition Company, LLC | $205,000 | n/a | 0.1% | |
| Decatur County Bank | $205,000 | n/a | 0.1% | |
| The Bank & Trust | $205,000 | n/a | 0.1% | |
| AMCAP MORTGAGE, LTD. | $285,000 | $195,000 | -31.6% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $145,000 | $195,000 | 34.5% | 0.1% |
| Bank of Bartlett | $145,000 | $185,000 | 27.6% | 0.0% |
| First Federal Bank | $700,000 | $185,000 | -73.6% | 0.0% |
| NFM, INC. | $125,000 | $185,000 | 48.0% | 0.0% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $180,000 | n/a | 0.0% | |
| Presidential Bank, FSB | $175,000 | n/a | 0.0% | |
| Stillman Bank | $175,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $175,000 | $175,000 | 0.0% | 0.0% |
| Concordia Bank and Trust Company | $165,000 | n/a | 0.0% | |
| First National Bank of Pana | $165,000 | n/a | 0.0% | |
| STOCKTON MORTGAGE CORPORATION | $145,000 | $165,000 | 13.8% | 0.0% |
| Wilson Bank And Trust | $165,000 | n/a | 0.0% | |
| FirstBank | $13,275,000 | $150,000 | -98.9% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $670,000 | $145,000 | -78.4% | 0.0% |
| EVANSVILLE TEACHERS | $505,000 | $145,000 | -71.3% | 0.0% |
| ENCORE BANK | $135,000 | n/a | 0.0% | |
| Figure Lending LLC | $220,000 | $125,000 | -43.2% | 0.0% |
| Red River Bank | $115,000 | n/a | 0.0% | |
| First Federal Bank of Kansas City | $365,000 | $105,000 | -71.2% | 0.0% |
| CSL Financial, LLC | $105,000 | $85,000 | -19.0% | 0.0% |
| Unico Bank | $75,000 | n/a | 0.0% | |
| United Community Bank | $685,000 | $75,000 | -89.1% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $450,000 | $65,000 | -85.6% | 0.0% |
| SPRING EQ, LLC | $55,000 | n/a | 0.0% | |
| Baxter Credit Union | $55,000 | $35,000 | -36.4% | 0.0% |
Oxford's top lender by overall market share is BankPlus, with 14.0% market share. In second place, with 9.7%, is Regions Bank, having originated $36,290,000 in loans. In third place, with 9.0%, is Renasant Bank, having originated $33,945,000 in loans. In fourth place, with 8.6%, is First Commercial Bank, having originated $32,320,000 in loans. In fifth place, with 6.6%, is BancorpSouth, having originated $24,950,000 in loans.
Oxford, MS Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 825 | $303,185,000 | $367,497 |
| Refi | 141 | $35,885,000 | $254,504 |
| Other | 108 | $13,870,000 | $128,426 |
| Cash Out Refi | 78 | $15,270,000 | $195,769 |
| Home Improvement | 63 | $7,085,000 | $112,460 |
Oxford's most frequently cited loan purpose was Home Purchase, with 825 originations. The 2nd most popular reason was Refi, with 141 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 363 | $130,065,000 | $358,306 |
| 7-8% | 315 | $84,015,000 | $266,714 |
| Over 8% | 222 | $31,940,000 | $143,874 |
| 5-6% | 141 | $52,655,000 | $373,440 |
| <2.5% | 19 | $2,295,000 | $120,789 |
| 4-5% | 17 | $8,435,000 | $496,176 |
| 3-4% | 6 | $900,000 | $150,000 |
| 2.5-3% | 1 | $505,000 | $505,000 |
During 2023, Oxford's most frequently originated rate bucket was 6-7%, with 363 originations.
Loan Sizing (Oxford, MS MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 522 | $148,220,000 | $283,946 |
| $100k-200k | 261 | $39,795,000 | $152,471 |
| $100,000 or less | 203 | $11,385,000 | $56,084 |
| $400k-600k | 157 | $73,985,000 | $471,242 |
| $600k-1000k | 53 | $39,185,000 | $739,340 |
| $Over $1MM | 19 | $62,725,000 | $3,301,316 |
Oxford's loan sizing saw the bucket of loans from $200k-400k with 522 originations, totaling $148,220,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 418 | $140,230,000 | $335,478 |
| 60-80% | 300 | $109,980,000 | $366,600 |
| Under 20% | 124 | $6,780,000 | $54,677 |
| 20-40% | 119 | $19,745,000 | $165,924 |
| 40-60% | 107 | $28,345,000 | $264,907 |
| Over 100% | 14 | $5,410,000 | $386,429 |
Oxford's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 418 originations, totaling $140,230,000 in origination value.