Palestine Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Palestine averaged 5.9% for the week of 2024-10-03, compared to the national average of 6.12% for the same period.

The average rate for the prior week (2024-09-26) was 6.16% and one month ago for the week of 2024-08-29, the average rate was 6.43%.

Palestine's average rate one year ago was 7.39%.

For refis of the same type during the week of 2024-10-03, the average rate was 6.52%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-03 6.12%
Palestine 30 Year Fixed Rate 2024-10-03 5.9%
Palestine 30 Year Fixed Rate Refi 2024-10-03 6.52%
Palestine 15 Year Fixed Rate 2024-10-03 5.25%
Palestine 15 Year Fixed Rate Refi 2024-10-03 5.25%
Palestine 30 Year FHA 2024-10-03 5.76%
Palestine 30 Year FHA Refi 2024-10-03 6.09%
Palestine 30 Year USDA 2024-10-03 5.77%
Palestine 30 Year USDA Refi 2024-10-03 5.97%
Palestine 30 Year VA 2024-10-03 5.7%
Palestine 30 Year VA Refi 2024-10-03 5.7%
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
Palestine's median listing price for 2024-09-01 was $272,250, a difference of $12,250 (4.7%) versus the prior year and $12,250 versus the prior month.

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

Palestine's average listing price for 2024-09-01 was $367,082, a difference of $35,048 (10.6%) versus the prior year and $13,207 versus the prior month.

For the 2024-09-01 period, Palestine had 184 MLS listings, a difference of -1 listings (-1%) versus the prior month and 35 listings (23%) 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
Palestine's median listing age (time on market) for 2024-09-01 was 0 days.

Palestine's median square footage for active listings during the 2024-09-01 period was 1,782 sqft. One year prior, the average listing was 1,722 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.