Palestine Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Palestine averaged
7%
for the week of 2023-12-07, compared to the national average of
7.03% for the same period.
The average rate for the prior week (2023-11-30) was
6.99% and
one month ago for the week of 2023-11-02, the
average rate was 7.53%.
Palestine's average rate one year ago was 6.46%.
For refis of the same type during the week of 2023-12-07, the average rate
was 7.03%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-12-07 | 7.03% |
| Palestine 30 Year Fixed Rate | 2023-12-07 | 7% |
| Palestine 30 Year Fixed Rate Refi | 2023-12-07 | 7.03% |
| Palestine 15 Year Fixed Rate | 2023-12-07 | 6.09% |
| Palestine 15 Year Fixed Rate Refi | 2023-12-07 | 6.39% |
| Palestine 30 Year FHA | 2023-12-07 | 6.48% |
| Palestine 30 Year FHA Refi | 2023-12-07 | 6.92% |
| Palestine 30 Year USDA | 2023-12-07 | 6.62% |
| Palestine 30 Year USDA Refi | 2023-12-07 | 6.72% |
| Palestine 30 Year VA | 2023-12-07 | 6.64% |
| Palestine 30 Year VA Refi | 2023-12-07 | 6.74% |
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.).
Palestine Average Closing Costs & Other Stats
Palestine, TX's 82 lenders originated 739
loans during 2022. The total origination value was $148,385,000, with an average loan value of
$200,792.
Palestine's average closing costs are $5,517.
The top Palestine lender as defined by loan originations is Austin Bank, Texas, with
26 loans originated. Their average total fees are
$3,807, which is $2,219
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Palestine lenders (with over 10 loans originated) are
VeraBank ($3,352), Prosperity Bank ($3,632), Austin Bank, Texas ($3,807), Commercial Bank of Texas ($3,911) and QUICKEN LOANS, LLC ($6,026).
The lowest rate Palestine lenders (with over 10 loans originated) are
SFMC, LP (4.32%), Austin Bank, Texas (4.58%), VeraBank (4.82%), Prosperity Bank (5.13%) and QUICKEN LOANS, LLC (5.30%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Austin Bank, Texas | $12,205,000 | $14,230,000 | 16.6% | 9.6% |
| VeraBank | $5,690,000 | $10,230,000 | 79.8% | 6.9% |
| Commercial Bank of Texas | $9,950,000 | $9,340,000 | -6.1% | 6.3% |
| Prosperity Bank | $4,080,000 | $9,180,000 | 125.0% | 6.2% |
| QUICKEN LOANS, LLC | $9,615,000 | $8,500,000 | -11.6% | 5.7% |
| Merchants Bank of Indiana | $7,605,000 | n/a | 5.1% | |
| SFMC, LP | $13,775,000 | $5,070,000 | -63.2% | 3.4% |
| GENEVA FINANCIAL, LLC | $545,000 | $5,035,000 | 823.9% | 3.4% |
| 21ST MORTGAGE CORPORATION | $3,605,000 | $4,830,000 | 34.0% | 3.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,650,000 | $4,680,000 | 183.6% | 3.2% |
| Mortgage Research Center, LLC | $2,660,000 | $4,215,000 | 58.5% | 2.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,195,000 | $2,815,000 | 28.2% | 1.9% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,065,000 | $2,090,000 | 1.2% | 1.4% |
| Texas National Bank of Jacksonville | $75,000 | $2,030,000 | 2,606.7% | 1.4% |
| Citibank | $2,005,000 | n/a | 1.4% | |
| American State Bank | $1,940,000 | n/a | 1.3% | |
| PENNYMAC LOAN SERVICES, LLC | $1,020,000 | $1,595,000 | 56.4% | 1.1% |
| SOUTHWEST FUNDING, LP | $225,000 | $1,455,000 | 546.7% | 1.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,800,000 | $1,420,000 | -21.1% | 1.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $285,000 | $1,385,000 | 386.0% | 0.9% |
| TRIAD FINANCIAL SERVICES, INC. | $695,000 | $1,360,000 | 95.7% | 0.9% |
| First State Bank | $1,465,000 | $1,270,000 | -13.3% | 0.9% |
| ALTRA | $665,000 | $1,220,000 | 83.5% | 0.8% |
| GUARANTEED RATE, INC. | $1,240,000 | $1,220,000 | -1.6% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $795,000 | $1,200,000 | 50.9% | 0.8% |
| NEWREZ LLC | $475,000 | $1,155,000 | 143.2% | 0.8% |
| First United Bank and Trust Company | $275,000 | $1,135,000 | 312.7% | 0.8% |
| UNITED BUILT HOMES, L.L.C. | $2,095,000 | $1,120,000 | -46.5% | 0.8% |
| Bank of America | $115,000 | $1,080,000 | 839.1% | 0.7% |
| Gateway First Bank | $2,115,000 | $1,070,000 | -49.4% | 0.7% |
| SOUTHWEST STAGE FUNDING, LLC | $1,020,000 | $1,060,000 | 3.9% | 0.7% |
| LOANDEPOT.COM, LLC | $1,625,000 | $1,035,000 | -36.3% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $990,000 | $1,000,000 | 1.0% | 0.7% |
| CMG MORTGAGE, INC. | $1,925,000 | $970,000 | -49.6% | 0.7% |
| Southside Bank | $1,655,000 | $920,000 | -44.4% | 0.6% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,135,000 | $840,000 | -26.0% | 0.6% |
| Wells Fargo Bank | $2,850,000 | $820,000 | -71.2% | 0.6% |
| AMCAP MORTGAGE, LTD. | $390,000 | $770,000 | 97.4% | 0.5% |
| EVERETT FINANCIAL, INC. | $460,000 | $725,000 | 57.6% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $2,615,000 | $655,000 | -75.0% | 0.4% |
| CALIBER HOME LOANS, INC. | $1,645,000 | $645,000 | -60.8% | 0.4% |
| Carrington Mortgage Services, LLC | $270,000 | $645,000 | 138.9% | 0.4% |
| Regions Bank | $1,260,000 | $620,000 | -50.8% | 0.4% |
| KELLY COMMUNITY FEDERAL CREDIT UNION | $220,000 | $585,000 | 165.9% | 0.4% |
| ROYAL UNITED MORTGAGE LLC | $565,000 | $545,000 | -3.5% | 0.4% |
| Flagstar Bank, FSB | $1,720,000 | $540,000 | -68.6% | 0.4% |
| Paramount Residential Mortgage Group, Inc. | $505,000 | $540,000 | 6.9% | 0.4% |
| USAA Federal Savings Bank | $615,000 | $540,000 | -12.2% | 0.4% |
| INTEGRITY MORTGAGE CORPORATION OF TEXAS | $520,000 | n/a | 0.4% | |
| Citizens Bank & Trust Company of Vivian, Louisiana | $515,000 | n/a | 0.3% | |
| City Bank | $505,000 | n/a | 0.3% | |
| BancorpSouth Bank | $630,000 | $500,000 | -20.6% | 0.3% |
| State Bank of De Kalb | $495,000 | n/a | 0.3% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $275,000 | $480,000 | 74.5% | 0.3% |
| Kwik Mortgage Corporation | $475,000 | n/a | 0.3% | |
| CALCON MUTUAL MORTGAGE LLC | $465,000 | n/a | 0.3% | |
| ASPIRE FINANCIAL, INC. | $1,125,000 | $390,000 | -65.3% | 0.3% |
| DRAPER AND KRAMER MORTGAGE CORP. | $410,000 | $375,000 | -8.5% | 0.3% |
| Plains Commerce Bank | $375,000 | n/a | 0.3% | |
| LEGEND LENDING CORPORATION | $370,000 | n/a | 0.2% | |
| MID AMERICA MORTGAGE, INC. | $1,355,000 | $370,000 | -72.7% | 0.2% |
| COUNTRYPLACE MORTGAGE, LTD. | $865,000 | $350,000 | -59.5% | 0.2% |
| MORTGAGE FINANCIAL SERVICES, LLC | $1,295,000 | $350,000 | -73.0% | 0.2% |
| HOMETRUST MORTGAGE COMPANY | $345,000 | n/a | 0.2% | |
| INTERLINC MORTGAGE SERVICES, LLC | $345,000 | n/a | 0.2% | |
| BOKF | $335,000 | n/a | 0.2% | |
| Texas Bank and Trust Company | $105,000 | $335,000 | 219.0% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $340,000 | $320,000 | -5.9% | 0.2% |
| Alliance Credit Union | $315,000 | n/a | 0.2% | |
| WILLOW BEND MORTGAGE COMPANY, LLC | $315,000 | n/a | 0.2% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $310,000 | n/a | 0.2% | |
| LOANPEOPLE, LLC | $305,000 | n/a | 0.2% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $305,000 | n/a | 0.2% | |
| GUARANTEED RATE AFFINITY, LLC | $295,000 | $300,000 | 1.7% | 0.2% |
| GUILD MORTGAGE COMPANY | $2,005,000 | $300,000 | -85.0% | 0.2% |
| Gibsland Bank & Trust Company | $295,000 | n/a | 0.2% | |
| Incommons Bank, N.A. | $80,000 | $295,000 | 268.8% | 0.2% |
| AMERICAN FINANCING CORPORATION | $290,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $495,000 | $290,000 | -41.4% | 0.2% |
| NATIONS RELIABLE LENDING, LLC | $290,000 | n/a | 0.2% | |
| AMERISAVE MORTGAGE CORPORATION | $825,000 | $285,000 | -65.5% | 0.2% |
| CORNERSTONE HOME LENDING, INC. | $145,000 | $285,000 | 96.6% | 0.2% |
| LOANPAL, LLC | $105,000 | $280,000 | 166.7% | 0.2% |
| Equitable Bank | $275,000 | n/a | 0.2% | |
| The First Liberty National Bank | $185,000 | $275,000 | 48.6% | 0.2% |
| BROKER SOLUTIONS, INC. | $170,000 | $260,000 | 52.9% | 0.2% |
| T2 FINANCIAL LLC | $250,000 | n/a | 0.2% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $245,000 | n/a | 0.2% | |
| GREAT WESTERN FINANCIAL SERVICES, INC. | $185,000 | $235,000 | 27.0% | 0.2% |
| Network Funding, L.P. | $155,000 | $235,000 | 51.6% | 0.2% |
| S1L, Inc. | $900,000 | $230,000 | -74.4% | 0.2% |
| CERTAINTY HOME LOANS, LLC | $545,000 | $225,000 | -58.7% | 0.2% |
| Mineola Community Bank, S.S.B. | $225,000 | n/a | 0.2% | |
| RANDOLPH-BROOKS | $505,000 | $220,000 | -56.4% | 0.1% |
| 1ST SIGNATURE LENDING, LLC | $215,000 | n/a | 0.1% | |
| Texas Mortgage Lending, LLC | $270,000 | $195,000 | -27.8% | 0.1% |
| Austin Capital Bank SSB | $185,000 | n/a | 0.1% | |
| FirstBank | $185,000 | n/a | 0.1% | |
| OCMBC, INC. | $185,000 | n/a | 0.1% | |
| TARRANT COUNTY'S CREDIT UNION | $185,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $175,000 | n/a | 0.1% | |
| MEMBER FIRST MORTGAGE, LLC | $175,000 | n/a | 0.1% | |
| First Commercial Bank | $165,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $165,000 | n/a | 0.1% | |
| MORIA DEVELOPMENT, INC. | $165,000 | n/a | 0.1% | |
| BECKAM FUNDING CORP. | $165,000 | $155,000 | -6.1% | 0.1% |
| Equity Prime Mortgage LLC | $155,000 | n/a | 0.1% | |
| Hometown Lenders, Inc. | $230,000 | $155,000 | -32.6% | 0.1% |
| Truist | $155,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $85,000 | $155,000 | 82.4% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $145,000 | n/a | 0.1% | |
| Hometown Equity Mortgage, LLC | $165,000 | $145,000 | -12.1% | 0.1% |
| Independent Bank | $185,000 | $145,000 | -21.6% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $95,000 | $140,000 | 47.4% | 0.1% |
| JPMorgan Chase Bank | $895,000 | $125,000 | -86.0% | 0.1% |
| NEW DAY FINANCIAL, LLC | $125,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $115,000 | n/a | 0.1% | |
| PNC Bank | $115,000 | n/a | 0.1% | |
| MICHIGAN MUTUAL, INC. | $160,000 | $110,000 | -31.3% | 0.1% |
| Alliance Bank Central Texas | $465,000 | $105,000 | -77.4% | 0.1% |
| Credit Union of Texas | $105,000 | n/a | 0.1% | |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $135,000 | $105,000 | -22.2% | 0.1% |
| MEMBERS CHOICE Credit Union | $105,000 | n/a | 0.1% | |
| Quontic Bank | $105,000 | n/a | 0.1% | |
| Republic State Mortgage Co. | $105,000 | n/a | 0.1% | |
| U.S. Bank | $125,000 | $105,000 | -16.0% | 0.1% |
| Wallick & Volk, Inc. | $105,000 | n/a | 0.1% | |
| Gulf Coast Bank and Trust Company | $125,000 | $95,000 | -24.0% | 0.1% |
| REVERSE MORTGAGE FUNDING LLC | $85,000 | n/a | 0.1% | |
| UNIVERSITY Federal Credit Union | $85,000 | n/a | 0.1% | |
| A+ Federal Credit Union | $75,000 | n/a | 0.1% | |
| AMERICAN ADVISORS GROUP | $65,000 | $65,000 | 0.0% | 0.0% |
| Farm Credit Mid-America, ACA | $740,000 | $65,000 | -91.2% | 0.0% |
| BETTER MORTGAGE CORPORATION | $250,000 | $55,000 | -78.0% | 0.0% |
| Northpointe Bank | $55,000 | n/a | 0.0% |
Palestine's top lender by overall market share is Austin Bank, Texas, with 9.6% market share. In second place, with 6.9%, is VeraBank, having originated $10,230,000 in loans. In third place, with 6.3%, is Commercial Bank of Texas, having originated $9,340,000 in loans. In fourth place, with 6.2%, is Prosperity Bank, having originated $9,180,000 in loans. In fifth place, with 5.7%, is QUICKEN LOANS, LLC, having originated $8,500,000 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 (0.7%) | $219,407 (2.9%) | 0.00 | 138 |
| 2018-02-01 | $147,750 (1.1%) | $224,727 (3.9%) | 0.00 | 131 |
| 2018-03-01 | $145,500 (-1.4%) | $205,808 (-2.9%) | 0.00 | 131 |
| 2018-04-01 | $146,625 (5.0%) | $224,274 (9.7%) | 0.00 | 133 |
| 2018-05-01 | $163,500 (14.9%) | $256,970 (18.7%) | 0.00 | 142 |
| 2018-06-01 | $159,500 (6.3%) | $251,422 (8.2%) | 0.00 | 165 |
| 2018-07-01 | $159,500 (0.0%) | $257,530 (5.4%) | 0.00 | 167 |
| 2018-08-01 | $161,100 (-0.1%) | $251,462 (1.0%) | 0.00 | 160 |
| 2018-09-01 | $159,500 (-7.8%) | $245,827 (-3.9%) | 0.00 | 168 |
| 2018-10-01 | $165,000 (2.0%) | $259,139 (0.0%) | 0.00 | 166 |
| 2018-11-01 | $164,950 (-0.9%) | $267,385 (7.8%) | 0.00 | 156 |
| 2018-12-01 | $169,500 (5.9%) | $273,077 (26.5%) | 0.00 | 160 |
| 2019-01-01 | $169,000 (9.2%) | $265,326 (20.9%) | 0.00 | 152 |
| 2019-02-01 | $165,950 (12.3%) | $255,102 (13.5%) | 0.00 | 152 |
| 2019-03-01 | $168,250 (15.6%) | $256,607 (24.7%) | 0.00 | 160 |
| 2019-04-01 | $167,250 (14.1%) | $257,083 (14.6%) | 0.00 | 173 |
| 2019-05-01 | $169,894 (3.9%) | $267,236 (4.0%) | 0.00 | 182 |
| 2019-06-01 | $172,950 (8.4%) | $281,228 (11.9%) | 0.00 | 182 |
| 2019-07-01 | $159,950 (0.3%) | $230,592 (-10.5%) | 0.00 | 156 |
| 2019-08-01 | $158,355 (-1.7%) | $235,879 (-6.2%) | 0.00 | 148 |
| 2019-09-01 | $162,036 (1.6%) | $248,430 (1.1%) | 0.00 | 146 |
| 2019-10-01 | $162,040 (-1.8%) | $251,771 (-2.8%) | 0.00 | 145 |
| 2019-11-01 | $158,000 (-4.2%) | $252,895 (-5.4%) | 0.00 | 131 |
| 2019-12-01 | $159,500 (-5.9%) | $240,482 (-11.9%) | 0.00 | 120 |
| 2020-01-01 | $154,500 (-8.6%) | $236,290 (-10.9%) | 0.00 | 112 |
| 2020-02-01 | $155,000 (-6.6%) | $232,804 (-8.7%) | 0.00 | 104 |
| 2020-03-01 | $159,600 (-5.1%) | $228,623 (-10.9%) | 0.00 | 109 |
| 2020-04-01 | $167,450 (0.1%) | $245,170 (-4.6%) | 0.00 | 94 |
| 2020-05-01 | $177,450 (4.5%) | $255,486 (-4.4%) | 0.00 | 77 |
| 2020-06-01 | $191,850 (10.9%) | $273,327 (-2.8%) | 0.00 | 71 |
| 2020-07-01 | $201,000 (25.7%) | $273,207 (18.5%) | 0.00 | 72 |
| 2020-08-01 | $198,250 (25.2%) | $258,044 (9.4%) | 0.00 | 68 |
| 2020-09-01 | $180,000 (11.1%) | $236,203 (-4.9%) | 0.00 | 69 |
| 2020-10-01 | $180,500 (11.4%) | $247,010 (-1.9%) | 0.00 | 76 |
| 2020-11-01 | $193,750 (22.6%) | $245,176 (-3.1%) | 0.00 | 76 |
| 2020-12-01 | $192,450 (20.7%) | $240,426 (0.0%) | 0.00 | 74 |
| 2021-01-01 | $189,900 (22.9%) | $232,620 (-1.6%) | 0.00 | 62 |
| 2021-02-01 | $189,950 (22.6%) | $252,676 (8.5%) | 0.00 | 58 |
| 2021-03-01 | $219,475 (37.5%) | $269,546 (17.9%) | 0.00 | 43 |
| 2021-04-01 | $221,250 (32.1%) | $263,632 (7.5%) | 0.00 | 38 |
| 2021-05-01 | $222,500 (25.4%) | $282,664 (10.6%) | 0.00 | 43 |
| 2021-06-01 | $223,000 (16.2%) | $274,505 (0.4%) | 0.00 | 42 |
| 2021-07-01 | $199,000 (-1.0%) | $266,105 (-2.6%) | 0.00 | 57 |
| 2021-08-01 | $194,350 (-2.0%) | $257,260 (-0.3%) | 0.00 | 72 |
| 2021-09-01 | $247,500 (37.5%) | $282,930 (19.8%) | 0.00 | 81 |
| 2021-10-01 | $254,375 (40.9%) | $313,319 (26.8%) | 0.00 | 82 |
| 2021-11-01 | $253,250 (30.7%) | $325,459 (32.7%) | 0.00 | 79 |
| 2021-12-01 | $244,950 (27.3%) | $302,247 (25.7%) | 0.00 | 76 |
| 2022-01-01 | $274,900 (44.8%) | $320,235 (37.7%) | 0.00 | 59 |
| 2022-02-01 | $236,000 (24.2%) | $267,387 (5.8%) | 0.00 | 61 |
| 2022-03-01 | $213,375 (-2.8%) | $271,380 (0.7%) | 0.00 | 53 |
| 2022-04-01 | $234,500 (6.0%) | $299,275 (13.5%) | 0.00 | 62 |
| 2022-05-01 | $210,500 (-5.4%) | $268,362 (-5.1%) | 0.00 | 81 |
| 2022-06-01 | $184,750 (-17.2%) | $280,716 (2.3%) | 0.00 | 95 |
| 2022-07-01 | $265,000 (33.2%) | $313,324 (17.7%) | 0.00 | 112 |
| 2022-08-01 | $250,000 (28.6%) | $316,891 (23.2%) | 0.00 | 117 |
| 2022-09-01 | $257,400 (4.0%) | $317,057 (12.1%) | 0.00 | 120 |
| 2022-10-01 | $255,000 (0.3%) | $312,992 (-0.1%) | 0.00 | 124 |
| 2022-11-01 | $275,375 (8.7%) | $384,125 (18.0%) | 0.00 | 118 |
| 2022-12-01 | $255,000 (4.1%) | $369,481 (22.2%) | 0.00 | 116 |
| 2023-01-01 | $249,999 (-9.1%) | $302,720 (-5.5%) | 0.00 | 111 |
| 2023-02-01 | $229,250 (-2.9%) | $288,265 (7.8%) | 0.00 | 102 |
| 2023-03-01 | $242,500 (13.7%) | $294,613 (8.6%) | 0.00 | 108 |
| 2023-04-01 | $249,999 (6.6%) | $303,339 (1.4%) | 0.00 | 118 |
| 2023-05-01 | $259,500 (23.3%) | $319,813 (19.2%) | 0.00 | 132 |
| 2023-06-01 | $273,000 (47.8%) | $323,716 (15.3%) | 0.00 | 134 |
| 2023-07-01 | $250,000 (-5.7%) | $300,543 (-4.1%) | 0.00 | 136 |
| 2023-08-01 | $246,000 (-1.6%) | $321,187 (1.4%) | 0.00 | 136 |
| 2023-09-01 | $260,000 (1.0%) | $332,034 (4.7%) | 0.00 | 149 |
| 2023-10-01 | $257,225 (0.9%) | $341,012 (9.0%) | 0.00 | 161 |
| 2023-11-01 | $268,750 (-2.4%) | $354,088 (-7.8%) | 0.00 | 148 |
Palestine's median listing price comes in at 0% of the national average.
Palestine's average listing price for 2023-11-01 was $354,088, a difference of $-30,037 (-7.8%) versus the prior year and $13,076 versus the prior month.
For the 2023-11-01 period, Palestine had 148 MLS listings, a difference of -13 listings (-8%) versus the prior month and 30 listings (25%) 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 | 1,917 sqft |
| 2018-04-01 | 0 days | 1,919 sqft |
| 2018-05-01 | 0 days | 2,000 sqft |
| 2018-06-01 | 0 days | 2,000 sqft |
| 2018-07-01 | 0 days | 2,005 sqft |
| 2018-08-01 | 0 days | 1,996 sqft |
| 2018-09-01 | 0 days | 1,984 sqft |
| 2018-10-01 | 0 days | 2,008 sqft |
| 2018-11-01 | 0 days | 1,984 sqft |
| 2018-12-01 | 0 days | 1,980 sqft |
| 2019-01-01 | 0 days | 1,903 sqft |
| 2019-02-01 | 0 days | 1,972 sqft |
| 2019-03-01 | 0 days | 1,957 sqft |
| 2019-04-01 | 0 days | 1,904 sqft |
| 2019-05-01 | 0 days | 1,974 sqft |
| 2019-06-01 | 0 days | 1,968 sqft |
| 2019-07-01 | 0 days | 1,879 sqft |
| 2019-08-01 | 0 days | 1,808 sqft |
| 2019-09-01 | 0 days | 1,872 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 | 1,877 sqft |
| 2020-07-01 | 0 days | 1,910 sqft |
| 2020-08-01 | 0 days | 1,952 sqft |
| 2020-09-01 | 0 days | 1,962 sqft |
| 2020-10-01 | 0 days | 2,142 sqft |
| 2020-11-01 | 0 days | 2,197 sqft |
| 2020-12-01 | 0 days | 1,996 sqft |
| 2021-01-01 | 0 days | 2,000 sqft |
| 2021-02-01 | 0 days | 2,082 sqft |
| 2021-03-01 | 0 days | 2,204 sqft |
| 2021-04-01 | 0 days | 2,109 sqft |
| 2021-05-01 | 0 days | 1,958 sqft |
| 2021-06-01 | 0 days | 1,832 sqft |
| 2021-07-01 | 0 days | 1,813 sqft |
| 2021-08-01 | 0 days | 1,771 sqft |
| 2021-09-01 | 0 days | 1,800 sqft |
| 2021-10-01 | 0 days | 1,814 sqft |
| 2021-11-01 | 0 days | 1,777 sqft |
| 2021-12-01 | 0 days | 1,777 sqft |
| 2022-01-01 | 0 days | 1,689 sqft |
| 2022-02-01 | 0 days | 1,609 sqft |
| 2022-03-01 | 0 days | 1,657 sqft |
| 2022-04-01 | 0 days | 1,781 sqft |
| 2022-05-01 | 0 days | 1,667 sqft |
| 2022-06-01 | 0 days | 1,566 sqft |
| 2022-07-01 | 0 days | 1,822 sqft |
| 2022-08-01 | 0 days | 1,877 sqft |
| 2022-09-01 | 0 days | 1,800 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 | 1,803 sqft |
| 2023-02-01 | 0 days | 1,769 sqft |
| 2023-03-01 | 0 days | 1,891 sqft |
| 2023-04-01 | 0 days | 1,828 sqft |
| 2023-05-01 | 0 days | 1,845 sqft |
| 2023-06-01 | 0 days | 1,863 sqft |
| 2023-07-01 | 0 days | 1,814 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 |
Palestine's median square footage for active listings during the 2023-11-01 period was 1,784 sqft. One year prior, the average listing was 1,879 sqft.
Palestine, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 519 | $112,705,000 | $217,158 |
| Refi | 89 | $14,585,000 | $163,876 |
| Cash Out Refi | 72 | $13,880,000 | $192,778 |
| Home Improvement | 46 | $5,400,000 | $117,391 |
| Other | 13 | $1,815,000 | $139,615 |
Palestine's most frequently cited loan purpose was Home Purchase, with 519 originations. The 2nd most popular reason was Refi, with 89 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 175 | $38,235,000 | $218,486 |
| 4-5% | 173 | $32,465,000 | $187,659 |
| 3-4% | 129 | $29,335,000 | $227,403 |
| 6-7% | 113 | $20,505,000 | $181,460 |
| Over 8% | 58 | $6,990,000 | $120,517 |
| 7-8% | 32 | $4,630,000 | $144,688 |
| 2.5-3% | 25 | $6,205,000 | $248,200 |
| <2.5% | 12 | $1,480,000 | $123,333 |
During 2022, Palestine's most frequently originated rate bucket was 5-6%, with 175 originations.
Loan Sizing (Palestine, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 332 | $48,010,000 | $144,608 |
| $200k-400k | 186 | $50,840,000 | $273,333 |
| $100,000 or less | 178 | $12,530,000 | $70,393 |
| $400k-600k | 26 | $12,780,000 | $491,538 |
| $600k-1000k | 9 | $6,925,000 | $769,444 |
| $Over $1MM | 8 | $17,300,000 | $2,162,500 |
Palestine's loan sizing saw the bucket of loans from $100k-200k with 332 originations, totaling $48,010,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 354 | $70,300,000 | $198,588 |
| 60-80% | 185 | $45,385,000 | $245,324 |
| 40-60% | 94 | $15,360,000 | $163,404 |
| 20-40% | 53 | $4,725,000 | $89,151 |
| Under 20% | 18 | $1,010,000 | $56,111 |
| Over 100% | 9 | $2,435,000 | $270,556 |
Palestine's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 354 originations, totaling $70,300,000 in origination value.