Palestine Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Palestine averaged 6.78% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.77% and one month ago for the week of 2024-11-07, the average rate was 6.87%.

    Palestine's average rate one year ago was 7.21%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.6%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Palestine 30 Year Fixed Rate 2024-12-12 6.78%
    Palestine 30 Year Fixed Rate Refi 2024-12-12 6.6%
    Palestine 15 Year Fixed Rate 2024-12-12 6.04%
    Palestine 15 Year Fixed Rate Refi 2024-12-12 5.94%
    Palestine 30 Year FHA 2024-12-12 6.26%
    Palestine 30 Year FHA Refi 2024-12-12 6.38%
    Palestine 30 Year USDA 2024-12-12 6.4%
    Palestine 30 Year USDA Refi 2024-12-12 6.4%
    Palestine 30 Year VA 2024-12-12 6.18%
    Palestine 30 Year VA Refi 2024-12-12 5.98%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Palestine, TX.

    Palestine 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 Palestine, TX 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    VeraBank 25 5.84% $2,693
    Austin Bank, Texas 17 6.74% $3,107
    QUICKEN LOANS, LLC 15 7.16% $7,782
    Commercial Bank of Texas 8 7.12% $4,115
    Prosperity Bank 7 6.23% $3,605
    GENEVA FINANCIAL, LLC 7 6.71% $7,199
    AMERISAVE MORTGAGE CORPORATION 5 7.03% $5,905
    CARDINAL FINANCIAL 4 7.28% $11,313
    UNITED WHOLESALE MORTGAGE, LLC 4 6.51% $10,879
    Southside Bank 4 7.16% $4,060
    CMG MORTGAGE, INC. 3 7.58% $8,900
    BROKER SOLUTIONS, INC. 3 6.29% $9,372
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.20% $8,725
    ALTRA 3 6.83% $2,781
    Carrington Mortgage Services, LLC 2 6.94% $9,922
    AMCAP MORTGAGE, LTD. 2 6.44% $9,713
    Paramount Residential Mortgage Group, Inc. 2 6.81% $6,459
    Regions Bank 2 7.63% $5,758
    Wells Fargo Bank 2 7.19% $3,488
    21ST MORTGAGE CORPORATION 2 8.05% $6,761
    HALLMARK HOME MORTGAGE, LLC 1 7.38% $6,405
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.63% $10,507
    HOME FINANCING UNLIMITED, INC. 1 7.50% $4,803
    LOANDEPOT.COM, LLC 1 5.99% $5,342
    MEMBERS CHOICE Credit Union 1 5.63% $6,354
    Mr. Cooper ( Nationstar Mortgage ) 1 7.49% $10,029
    NEWREZ LLC 1 7.99% $4,798
    PENNYMAC LOAN SERVICES, LLC 1 5.88% $8,508
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.50% $5,322
    Princeton Mortgage Corporation 1 8.38% $3,900
    Prosperity Home Mortgage, LLC 1 7.63% $7,609
    Republic State Mortgage Co. 1 7.00% $6,765
    ROYAL UNITED MORTGAGE LLC 1 7.00% $8,603
    SFMC, LP 1 7.88% $12,839
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.99% $8,458
    Sunflower Bank 1 7.99% $5,158
    TEXANS 1 5.88% $9,318
    TIB The Independent Bankersbank 1 6.75% $6,747
    USAA Federal Savings Bank 1 6.75% $5,046
    ZILLOW HOME LOANS, LLC 1 6.50% $4,315
    ACADEMY MORTGAGE CORPORATION 1 6.50% $7,076
    Amarillo National Bank 1 7.25% $5,451
    American National Bank & Trust 1 8.50% $5,431
    ANECA Federal Credit Union 1 7.75% $6,575
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.38% $12,619
    Arvest Bank 1 5.88% $6,236
    BancorpSouth 1 5.50% $7,504
    CARTER FEDERAL CREDIT UNION 1 6.88% $4,426
    CHURCHILL MORTGAGE CORPORATION 1 7.38% $6,347
    CORNERSTONE HOME LENDING, INC. 1 7.38% $6,885
    Discover Bank 1 7.24% $0
    EMBRACE HOME LOANS, INC. 1 6.88% $7,284
    Farm Credit Mid-America, ACA 1 7.50% $8,345
    First State Bank of St. Charles, Missouri 1 6.75% $5,762
    Flagstar Bank, FSB 1 5.99% $5,335
    FREEDOM MORTGAGE CORPORATION 1 5.50% $9,933
    Gateway First Bank 1 7.13% $7,850
    Goldwater Bank, N.A. 1 5.75% $7,579
    GUARANTEED RATE AFFINITY, LLC 1 6.75% $5,500

    Palestine Average Closing Costs & Other Stats

    Palestine, TX's 59 lenders originated 541 loans during 2023. The total origination value was $105,795,000, with an average loan value of $195,555.

    Palestine's average closing costs are $5,721.

    The top Palestine lender as defined by loan originations is VeraBank, with 25 loans originated. Their average total fees are $2,693, which is $414 lower than the next largest lender, Austin Bank, Texas.

    The lowest fee Palestine lenders (with over 10 loans originated) are VeraBank ($2,693), Austin Bank, Texas ($3,107), QUICKEN LOANS, LLC ($7,782), .

    The lowest rate Palestine lenders (with over 10 loans originated) are VeraBank (5.84%), Austin Bank, Texas (6.74%), QUICKEN LOANS, LLC (7.16%), .

    Palestine, TX 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
    Austin Bank, Texas $14,230,000 $9,580,000 -32.7% 9.1%
    VeraBank $10,230,000 $8,875,000 -13.2% 8.4%
    Commercial Bank of Texas $9,340,000 $8,075,000 -13.5% 7.6%
    Arbor Realty Trust, Inc. $6,805,000 n/a 6.4%
    GENEVA FINANCIAL, LLC $5,035,000 $5,655,000 12.3% 5.3%
    QUICKEN LOANS, LLC $8,500,000 $5,490,000 -35.4% 5.2%
    21ST MORTGAGE CORPORATION $4,830,000 $4,385,000 -9.2% 4.1%
    UNITED WHOLESALE MORTGAGE, LLC $4,680,000 $3,265,000 -30.2% 3.1%
    Mortgage Research Center, LLC $4,215,000 $3,090,000 -26.7% 2.9%
    Prosperity Bank $9,180,000 $2,630,000 -71.4% 2.5%
    VANDERBILT MORTGAGE AND FINANCE, INC. $2,090,000 $2,575,000 23.2% 2.4%
    Southern Bank $1,805,000 n/a 1.7%
    CMG MORTGAGE, INC. $970,000 $1,775,000 83.0% 1.7%
    SFMC, LP $5,070,000 $1,640,000 -67.7% 1.6%
    CARDINAL FINANCIAL $840,000 $1,490,000 77.4% 1.4%
    ALTRA $1,220,000 $1,435,000 17.6% 1.4%
    Texas National Bank of Jacksonville $2,030,000 $1,370,000 -32.5% 1.3%
    TRIAD FINANCIAL SERVICES, INC. $1,360,000 $1,320,000 -2.9% 1.2%
    SOUTHWEST STAGE FUNDING, LLC $1,060,000 $1,315,000 24.1% 1.2%
    Southside Bank $920,000 $1,255,000 36.4% 1.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,815,000 $1,010,000 -64.1% 1.0%
    BROKER SOLUTIONS, INC. $260,000 $975,000 275.0% 0.9%
    GUILD MORTGAGE COMPANY $300,000 $940,000 213.3% 0.9%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $930,000 n/a 0.9%
    PENNYMAC LOAN SERVICES, LLC $1,595,000 $920,000 -42.3% 0.9%
    Regions Bank $620,000 $865,000 39.5% 0.8%
    NAVY FEDERAL CREDIT UNION $1,200,000 $825,000 -31.3% 0.8%
    First State Bank $1,270,000 $820,000 -35.4% 0.8%
    AMERISAVE MORTGAGE CORPORATION $285,000 $815,000 186.0% 0.8%
    CROSSCOUNTRY MORTGAGE, LLC $1,385,000 $720,000 -48.0% 0.7%
    Paramount Residential Mortgage Group, Inc. $540,000 $715,000 32.4% 0.7%
    NEWREZ LLC $1,155,000 $700,000 -39.4% 0.7%
    Wells Fargo Bank $820,000 $660,000 -19.5% 0.6%
    Henderson Federal Savings Bank $615,000 n/a 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $1,000,000 $580,000 -42.0% 0.5%
    Flagstar Bank, FSB $540,000 $575,000 6.5% 0.5%
    Bank of America $1,080,000 $560,000 -48.1% 0.5%
    UNITED BUILT HOMES, L.L.C. $1,120,000 $560,000 -50.0% 0.5%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $495,000 n/a 0.5%
    AMCAP MORTGAGE, LTD. $770,000 $490,000 -36.4% 0.5%
    HALLMARK HOME MORTGAGE, LLC $490,000 n/a 0.5%
    CREDIT HUMAN FEDERAL CREDIT UNION $140,000 $470,000 235.7% 0.4%
    MORTGAGE FINANCIAL SERVICES, LLC $350,000 $465,000 32.9% 0.4%
    Prosperity Home Mortgage, LLC $435,000 n/a 0.4%
    Network Funding, L.P. $235,000 $410,000 74.5% 0.4%
    Amarillo National Bank $405,000 n/a 0.4%
    The First National Bank of McGregor $395,000 n/a 0.4%
    Cooperative Teachers Credit Union $360,000 n/a 0.3%
    BancorpSouth $500,000 $355,000 -29.0% 0.3%
    LOANDEPOT.COM, LLC $1,035,000 $345,000 -66.7% 0.3%
    HOMETRUST MORTGAGE COMPANY $345,000 $335,000 -2.9% 0.3%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $325,000 n/a 0.3%
    ZILLOW HOME LOANS, LLC $155,000 $320,000 106.5% 0.3%
    S1L, Inc. $230,000 $315,000 37.0% 0.3%
    USAA Federal Savings Bank $540,000 $310,000 -42.6% 0.3%
    First State Bank of St. Charles, Missouri $305,000 n/a 0.3%
    Neighborhood Loans, Inc. $305,000 n/a 0.3%
    Carrington Mortgage Services, LLC $645,000 $300,000 -53.5% 0.3%
    ANECA Federal Credit Union $295,000 n/a 0.3%
    Farm Credit Mid-America, ACA $65,000 $295,000 353.8% 0.3%
    DAS Acquisition Company, LLC $285,000 n/a 0.3%
    Gateway First Bank $1,070,000 $275,000 -74.3% 0.3%
    Trinity Oaks Mortgage, LLC $265,000 n/a 0.3%
    CALCON MUTUAL MORTGAGE LLC $465,000 $255,000 -45.2% 0.2%
    Republic State Mortgage Co. $105,000 $255,000 142.9% 0.2%
    Goldwater Bank, N.A. $245,000 n/a 0.2%
    MEMBERS CHOICE Credit Union $105,000 $245,000 133.3% 0.2%
    COUNTRYPLACE MORTGAGE, LTD. $350,000 $240,000 -31.4% 0.2%
    Equity Prime Mortgage LLC $155,000 $240,000 54.8% 0.2%
    Discover Bank $235,000 n/a 0.2%
    CARTER FEDERAL CREDIT UNION $225,000 n/a 0.2%
    TIB The Independent Bankersbank $225,000 n/a 0.2%
    Zions Bank $225,000 n/a 0.2%
    DRAPER AND KRAMER MORTGAGE CORP. $375,000 $215,000 -42.7% 0.2%
    EAST TEXAS PROFESSIONAL Credit Union $210,000 n/a 0.2%
    FREEDOM MORTGAGE CORPORATION $655,000 $205,000 -68.7% 0.2%
    ACADEMY MORTGAGE CORPORATION $195,000 n/a 0.2%
    Spring Hill State Bank $195,000 n/a 0.2%
    First National Bank of Huntsville $185,000 n/a 0.2%
    NATIONS DIRECT MORTGAGE, LLC $185,000 n/a 0.2%
    Town Square Mortgage & Investments, Inc. $185,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $320,000 $175,000 -45.3% 0.2%
    EMBRACE HOME LOANS, INC. $175,000 n/a 0.2%
    Incommons Bank, N.A. $295,000 $175,000 -40.7% 0.2%
    KELLY COMMUNITY FEDERAL CREDIT UNION $585,000 $175,000 -70.1% 0.2%
    LAND HOME FINANCIAL SERVICES, INC. $175,000 n/a 0.2%
    Loan Simple, Inc. $165,000 $175,000 6.1% 0.2%
    HOMESPIRE MORTGAGE CORPORATION $170,000 n/a 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $480,000 $170,000 -64.6% 0.2%
    TEXANS $165,000 n/a 0.2%
    Princeton Mortgage Corporation $160,000 n/a 0.2%
    Alliance Bank Central Texas $105,000 $155,000 47.6% 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $155,000 n/a 0.1%
    Classic Bank $145,000 n/a 0.1%
    CORNERSTONE HOME LENDING, INC. $285,000 $145,000 -49.1% 0.1%
    EVERETT FINANCIAL, INC. $725,000 $145,000 -80.0% 0.1%
    GUARANTEED RATE, INC. $1,220,000 $145,000 -88.1% 0.1%
    ROYAL UNITED MORTGAGE LLC $545,000 $145,000 -73.4% 0.1%
    TEXAS DOW EMPLOYEES CREDIT UNION $135,000 n/a 0.1%
    CSL Financial, LLC $130,000 n/a 0.1%
    INTEGRITY MORTGAGE CORPORATION OF TEXAS $520,000 $125,000 -76.0% 0.1%
    GUARANTEED RATE AFFINITY, LLC $300,000 $115,000 -61.7% 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $115,000 n/a 0.1%
    Sunflower Bank $115,000 n/a 0.1%
    American National Bank & Trust $105,000 n/a 0.1%
    Arvest Bank $105,000 n/a 0.1%
    First United Bank and Trust Company $1,135,000 $105,000 -90.7% 0.1%
    HOME FINANCING UNLIMITED, INC. $105,000 n/a 0.1%
    VELOCITY COMMERCIAL CAPITAL, LLC $105,000 n/a 0.1%
    PNC Bank $115,000 $100,000 -13.0% 0.1%
    Cypress Bank, SSB $95,000 n/a 0.1%
    LOANPAL, LLC $280,000 $95,000 -66.1% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $85,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $145,000 $75,000 -48.3% 0.1%
    Guaranty Bank & Trust, N.A. $75,000 n/a 0.1%
    HighTechLending Inc $55,000 n/a 0.1%
    VA Desert Pacific FCU $35,000 n/a 0.0%
    Credit Union of Texas $105,000 $25,000 -76.2% 0.0%

    Palestine's top lender by overall market share is Austin Bank, Texas, with 9.1% market share. In second place, with 8.4%, is VeraBank, having originated $8,875,000 in loans. In third place, with 7.6%, is Commercial Bank of Texas, having originated $8,075,000 in loans. In fourth place, with 6.4%, is Arbor Realty Trust, Inc., having originated $6,805,000 in loans. In fifth place, with 5.3%, is GENEVA FINANCIAL, LLC, having originated $5,655,000 in loans.

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

    Realtor.com - Palestine (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 $154,750 (2.4%) $219,407 (3.3%) 0.00 138
    2018-02-01 $147,750 (2.9%) $224,302 (4.0%) 0.00 131
    2018-03-01 $146,750 (1.2%) $206,654 (-2.1%) 0.00 130
    2018-04-01 $147,000 (5.4%) $225,290 (10.0%) 0.00 132
    2018-05-01 $165,000 (16.0%) $258,184 (18.4%) 0.00 142
    2018-06-01 $159,500 (6.3%) $249,771 (6.8%) 0.00 163
    2018-07-01 $159,250 (0.0%) $247,548 (0.6%) 0.00 165
    2018-08-01 $160,200 (0.3%) $240,913 (-3.2%) 0.00 157
    2018-09-01 $159,000 (-7.3%) $234,673 (-8.2%) 0.00 166
    2018-10-01 $164,975 (3.3%) $247,874 (-4.4%) 0.00 164
    2018-11-01 $163,700 (-0.3%) $255,805 (3.1%) 0.00 154
    2018-12-01 $169,000 (5.6%) $261,569 (21.1%) 0.00 158
    2019-01-01 $166,000 (7.3%) $253,388 (15.5%) 0.00 150
    2019-02-01 $162,463 (10.0%) $242,796 (8.2%) 0.00 150
    2019-03-01 $163,929 (11.7%) $245,302 (18.7%) 0.00 158
    2019-04-01 $162,500 (10.5%) $246,750 (9.5%) 0.00 171
    2019-05-01 $169,538 (2.8%) $256,753 (-0.6%) 0.00 179
    2019-06-01 $170,000 (6.6%) $270,632 (8.4%) 0.00 179
    2019-07-01 $159,950 (0.4%) $229,826 (-7.2%) 0.00 155
    2019-08-01 $158,027 (-1.4%) $235,301 (-2.3%) 0.00 148
    2019-09-01 $161,893 (1.8%) $248,177 (5.8%) 0.00 146
    2019-10-01 $162,020 (-1.8%) $251,735 (1.6%) 0.00 144
    2019-11-01 $158,000 (-3.5%) $252,895 (-1.1%) 0.00 131
    2019-12-01 $159,500 (-5.6%) $240,482 (-8.1%) 0.00 120
    2020-01-01 $154,500 (-6.9%) $236,290 (-6.8%) 0.00 112
    2020-02-01 $155,000 (-4.6%) $232,804 (-4.1%) 0.00 104
    2020-03-01 $159,600 (-2.6%) $228,623 (-6.8%) 0.00 109
    2020-04-01 $167,450 (3.1%) $245,170 (-0.6%) 0.00 94
    2020-05-01 $177,450 (4.7%) $255,486 (-0.5%) 0.00 77
    2020-06-01 $191,200 (12.5%) $273,512 (1.1%) 0.00 71
    2020-07-01 $202,125 (26.4%) $275,004 (19.7%) 0.00 71
    2020-08-01 $198,500 (25.6%) $261,654 (11.2%) 0.00 67
    2020-09-01 $182,100 (12.5%) $239,413 (-3.5%) 0.00 68
    2020-10-01 $185,200 (14.3%) $250,010 (-0.7%) 0.00 75
    2020-11-01 $195,000 (23.4%) $248,107 (-1.9%) 0.00 75
    2020-12-01 $192,475 (20.7%) $243,461 (1.2%) 0.00 73
    2021-01-01 $192,400 (24.5%) $236,210 (0.0%) 0.00 59
    2021-02-01 $189,475 (22.2%) $252,253 (8.4%) 0.00 57
    2021-03-01 $215,625 (35.1%) $269,437 (17.9%) 0.00 42
    2021-04-01 $217,225 (29.7%) $263,350 (7.4%) 0.00 37
    2021-05-01 $222,500 (25.4%) $282,839 (10.7%) 0.00 42
    2021-06-01 $216,000 (13.0%) $274,368 (0.3%) 0.00 41
    2021-07-01 $198,500 (-1.8%) $266,105 (-3.2%) 0.00 56
    2021-08-01 $191,200 (-3.7%) $256,170 (-2.1%) 0.00 71
    2021-09-01 $246,000 (35.1%) $282,173 (17.9%) 0.00 80
    2021-10-01 $250,000 (35.0%) $312,943 (25.2%) 0.00 81
    2021-11-01 $252,625 (29.6%) $325,459 (31.2%) 0.00 79
    2021-12-01 $242,875 (26.2%) $301,496 (23.8%) 0.00 75
    2022-01-01 $274,900 (42.9%) $320,235 (35.6%) 0.00 59
    2022-02-01 $233,500 (23.2%) $266,109 (5.5%) 0.00 61
    2022-03-01 $213,375 (-1.0%) $271,380 (0.7%) 0.00 53
    2022-04-01 $222,450 (2.4%) $297,489 (13.0%) 0.00 61
    2022-05-01 $194,000 (-12.8%) $261,927 (-7.4%) 0.00 79
    2022-06-01 $182,125 (-15.7%) $275,593 (0.5%) 0.00 92
    2022-07-01 $249,000 (25.4%) $309,685 (16.4%) 0.00 111
    2022-08-01 $250,000 (30.8%) $318,570 (24.4%) 0.00 115
    2022-09-01 $254,675 (3.5%) $311,237 (10.3%) 0.00 118
    2022-10-01 $252,500 (1.0%) $305,654 (-2.3%) 0.00 122
    2022-11-01 $265,000 (4.9%) $377,898 (16.1%) 0.00 114
    2022-12-01 $249,000 (2.5%) $362,721 (20.3%) 0.00 112
    2023-01-01 $249,000 (-9.4%) $292,026 (-8.8%) 0.00 107
    2023-02-01 $222,250 (-4.8%) $280,000 (5.2%) 0.00 98
    2023-03-01 $235,000 (10.1%) $284,881 (5.0%) 0.00 103
    2023-04-01 $249,000 (11.9%) $292,138 (-1.8%) 0.00 111
    2023-05-01 $249,750 (28.7%) $308,460 (17.8%) 0.00 126
    2023-06-01 $263,125 (44.5%) $315,675 (14.5%) 0.00 129
    2023-07-01 $245,000 (-1.6%) $297,313 (-4.0%) 0.00 130
    2023-08-01 $246,000 (-1.6%) $321,187 (0.8%) 0.00 136
    2023-09-01 $260,000 (2.1%) $332,034 (6.7%) 0.00 149
    2023-10-01 $257,225 (1.9%) $341,012 (11.6%) 0.00 161
    2023-11-01 $268,750 (1.4%) $354,088 (-6.3%) 0.00 148
    2023-12-01 $270,000 (8.4%) $393,409 (8.5%) 0.00 163
    2024-01-01 $265,000 (6.4%) $388,556 (33.1%) 0.00 166
    2024-02-01 $253,625 (14.1%) $377,672 (34.9%) 0.00 167
    2024-03-01 $270,000 (14.9%) $374,571 (31.5%) 0.00 174
    2024-04-01 $279,500 (12.3%) $361,112 (23.6%) 0.00 177
    2024-05-01 $292,500 (17.1%) $373,347 (21.0%) 0.00 177
    2024-06-01 $277,950 (5.6%) $370,453 (17.4%) 0.00 196
    2024-07-01 $262,750 (7.2%) $348,751 (17.3%) 0.00 196
    2024-08-01 $260,000 (5.7%) $353,875 (10.2%) 0.00 185
    2024-09-01 $272,250 (4.7%) $367,082 (10.6%) 0.00 184
    2024-10-01 $276,000 (7.3%) $361,568 (6.0%) 0.00 185
    2024-11-01 $274,500 (2.1%) $354,370 (0.1%) 0.00 194
    Palestine's median listing price for 2024-11-01 was $274,500, a difference of $5,750 (2.1%) versus the prior year and $-1,500 versus the prior month.

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

    Palestine's average listing price for 2024-11-01 was $354,370, a difference of $282 (0.1%) versus the prior year and $-7,198 versus the prior month.

    For the 2024-11-01 period, Palestine had 194 MLS listings, a difference of 9 listings (5%) versus the prior month and 46 listings (31%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Palestine (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,904 sqft
    2018-02-01 0 days 1,902 sqft
    2018-03-01 0 days 1,916 sqft
    2018-04-01 0 days 1,912 sqft
    2018-05-01 0 days 2,005 sqft
    2018-06-01 0 days 2,000 sqft
    2018-07-01 0 days 2,004 sqft
    2018-08-01 0 days 1,992 sqft
    2018-09-01 0 days 1,982 sqft
    2018-10-01 0 days 1,998 sqft
    2018-11-01 0 days 1,983 sqft
    2018-12-01 0 days 1,973 sqft
    2019-01-01 0 days 1,900 sqft
    2019-02-01 0 days 1,957 sqft
    2019-03-01 0 days 1,949 sqft
    2019-04-01 0 days 1,900 sqft
    2019-05-01 0 days 1,977 sqft
    2019-06-01 0 days 1,974 sqft
    2019-07-01 0 days 1,870 sqft
    2019-08-01 0 days 1,800 sqft
    2019-09-01 0 days 1,868 sqft
    2019-10-01 0 days 1,903 sqft
    2019-11-01 0 days 1,856 sqft
    2019-12-01 0 days 1,849 sqft
    2020-01-01 0 days 1,841 sqft
    2020-02-01 0 days 1,858 sqft
    2020-03-01 0 days 1,865 sqft
    2020-04-01 0 days 1,855 sqft
    2020-05-01 0 days 1,868 sqft
    2020-06-01 0 days 1,881 sqft
    2020-07-01 0 days 1,913 sqft
    2020-08-01 0 days 1,967 sqft
    2020-09-01 0 days 1,965 sqft
    2020-10-01 0 days 2,145 sqft
    2020-11-01 0 days 2,200 sqft
    2020-12-01 0 days 2,020 sqft
    2021-01-01 0 days 2,014 sqft
    2021-02-01 0 days 2,091 sqft
    2021-03-01 0 days 2,226 sqft
    2021-04-01 0 days 2,150 sqft
    2021-05-01 0 days 1,967 sqft
    2021-06-01 0 days 1,844 sqft
    2021-07-01 0 days 1,813 sqft
    2021-08-01 0 days 1,748 sqft
    2021-09-01 0 days 1,799 sqft
    2021-10-01 0 days 1,800 sqft
    2021-11-01 0 days 1,777 sqft
    2021-12-01 0 days 1,756 sqft
    2022-01-01 0 days 1,698 sqft
    2022-02-01 0 days 1,609 sqft
    2022-03-01 0 days 1,678 sqft
    2022-04-01 0 days 1,818 sqft
    2022-05-01 0 days 1,655 sqft
    2022-06-01 0 days 1,552 sqft
    2022-07-01 0 days 1,822 sqft
    2022-08-01 0 days 1,880 sqft
    2022-09-01 0 days 1,807 sqft
    2022-10-01 0 days 1,880 sqft
    2022-11-01 0 days 1,879 sqft
    2022-12-01 0 days 1,828 sqft
    2023-01-01 0 days 1,800 sqft
    2023-02-01 0 days 1,705 sqft
    2023-03-01 0 days 1,852 sqft
    2023-04-01 0 days 1,780 sqft
    2023-05-01 0 days 1,785 sqft
    2023-06-01 0 days 1,819 sqft
    2023-07-01 0 days 1,780 sqft
    2023-08-01 0 days 1,737 sqft
    2023-09-01 0 days 1,722 sqft
    2023-10-01 0 days 1,736 sqft
    2023-11-01 0 days 1,784 sqft
    2023-12-01 0 days 1,821 sqft
    2024-01-01 0 days 1,735 sqft
    2024-02-01 0 days 1,685 sqft
    2024-03-01 0 days 1,698 sqft
    2024-04-01 0 days 1,812 sqft
    2024-05-01 0 days 1,833 sqft
    2024-06-01 0 days 1,872 sqft
    2024-07-01 0 days 1,823 sqft
    2024-08-01 0 days 1,803 sqft
    2024-09-01 0 days 1,782 sqft
    2024-10-01 0 days 1,775 sqft
    2024-11-01 0 days 1,762 sqft
    Palestine's median listing age (time on market) for 2024-11-01 was 0 days.

    Palestine's median square footage for active listings during the 2024-11-01 period was 1,762 sqft. One year prior, the average listing was 1,784 sqft.

    Palestine, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 401 $77,255,000 $192,656
    Cash Out Refi 46 $13,840,000 $300,870
    Refi 37 $9,335,000 $252,297
    Home Improvement 33 $3,415,000 $103,485
    Other 24 $1,950,000 $81,250

    Palestine's most frequently cited loan purpose was Home Purchase, with 401 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 166 $36,950,000 $222,590
    7-8% 155 $29,945,000 $193,194
    Over 8% 133 $13,895,000 $104,474
    5-6% 47 $16,585,000 $352,872
    4-5% 18 $4,100,000 $227,778
    <2.5% 5 $25,000 $5,000

    During 2023, Palestine's most frequently originated rate bucket was 6-7%, with 166 originations.

    Loan Sizing (Palestine, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 241 $35,075,000 $145,539
    $200k-400k 135 $37,305,000 $276,333
    $100,000 or less 132 $8,730,000 $66,136
    $400k-600k 24 $11,550,000 $481,250
    $600k-1000k 7 $4,525,000 $646,429
    $Over $1MM 2 $8,610,000 $4,305,000

    Palestine's loan sizing saw the bucket of loans from $100k-200k with 241 originations, totaling $35,075,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 291 $56,725,000 $194,931
    60-80% 97 $27,925,000 $287,887
    20-40% 47 $6,225,000 $132,447
    40-60% 47 $7,095,000 $150,957
    Under 20% 26 $1,000,000 $38,462
    Over 100% 13 $2,045,000 $157,308

    Palestine's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 291 originations, totaling $56,725,000 in origination value.