Parsons Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Parsons averaged
6.77%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.29% and
one month ago for the week of 2023-04-20, the
average rate was 6.49%.
Parsons's average rate one year ago was 5.05%.
For refis of the same type during the week of 2023-05-25, the average rate
was 7.17%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
Parsons 30 Year Fixed Rate | 2023-05-25 | 6.77% |
Parsons 30 Year Fixed Rate Refi | 2023-05-25 | 7.17% |
Parsons 15 Year Fixed Rate | 2023-05-25 | 5.97% |
Parsons 15 Year Fixed Rate Refi | 2023-05-25 | 5.87% |
Parsons 30 Year FHA | 2023-05-25 | 6.71% |
Parsons 30 Year FHA Refi | 2023-05-25 | 6.41% |
Parsons 30 Year USDA | 2023-05-25 | 6.83% |
Parsons 30 Year USDA Refi | 2023-05-25 | 6.83% |
Parsons 30 Year VA | 2023-05-25 | 6.31% |
Parsons 30 Year VA Refi | 2023-05-25 | 6.21% |
Parsons 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 Parsons, KS 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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
---|---|---|---|
FLAT BRANCH MORTGAGE, INC. | 10 | 5.00% | $2,724 |
Community National Bank & Trust | 5 | 5.30% | $4,161 |
QUICKEN LOANS, LLC | 5 | 5.40% | $5,881 |
Great Southern Bank | 4 | 4.78% | $2,154 |
Wells Fargo Bank | 3 | 4.46% | $4,756 |
Deere Employees Credit Union | 3 | 3.75% | $2,814 |
GOLDEN PLAINS | 3 | 5.33% | $1,739 |
Mortgage Investment Services Corporation | 2 | 5.00% | $3,103 |
U.S. Bank | 2 | 3.44% | $2,109 |
NAVY FEDERAL CREDIT UNION | 2 | 3.75% | $1,373 |
Ally Bank | 1 | 5.75% | $1,022 |
BOKF | 1 | 4.50% | $4,644 |
LOANDEPOT.COM, LLC | 1 | 7.50% | $10,826 |
MERITRUST Federal Credit Union | 1 | 7.25% | $2,887 |
PENNYMAC LOAN SERVICES, LLC | 1 | 5.62% | $5,920 |
Bank of England | 1 | 5.88% | $4,637 |
ROYAL UNITED MORTGAGE LLC | 1 | 4.38% | $5,148 |
Springfield First Community Bank | 1 | 5.38% | $2,810 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 3.75% | $3,042 |
Equity Bank | 1 | 4.63% | $3,298 |
ENDEAVOR CAPITAL, LLC. | 1 | 5.13% | $3,950 |
Fifth Third Bank | 1 | 4.88% | $2,500 |
COMMUNITY MORTGAGE, LLC | 1 | 4.88% | $2,500 |
Parsons Average Closing Costs & Other Stats
Parsons, KS's 23 lenders originated 247
loans during 2022. The total origination value was $26,285,000, with an average loan value of
$106,417.
Parsons's average closing costs are $3,741.
The top Parsons lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
10 loans originated. Their average total fees are
$2,724, which is $1,437
lower than the next largest lender,
Community National Bank & Trust.
The lowest fee Parsons lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. ($2,724), .
The lowest rate Parsons lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. (5.00%), .
Parsons, KS 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 |
---|---|---|---|---|
Labette Bank | $3,650,000 | $5,950,000 | 63.0% | 22.6% |
FLAT BRANCH MORTGAGE, INC. | $5,075,000 | $4,050,000 | -20.2% | 15.4% |
Community National Bank & Trust | $2,380,000 | $1,900,000 | -20.2% | 7.2% |
QUICKEN LOANS, LLC | $2,960,000 | $1,675,000 | -43.4% | 6.4% |
HEARTLAND CREDIT UNION | $125,000 | $930,000 | 644.0% | 3.5% |
Great Southern Bank | $695,000 | $795,000 | 14.4% | 3.0% |
NAVY FEDERAL CREDIT UNION | $115,000 | $680,000 | 491.3% | 2.6% |
GOLDEN PLAINS | $920,000 | $660,000 | -28.3% | 2.5% |
Deere Employees Credit Union | $130,000 | $640,000 | 392.3% | 2.4% |
Sierra Pacific Mortgage Company, Inc. | $1,500,000 | $520,000 | -65.3% | 2.0% |
Mortgage Research Center, LLC | $490,000 | $510,000 | 4.1% | 1.9% |
UNITED WHOLESALE MORTGAGE, LLC | $1,045,000 | $470,000 | -55.0% | 1.8% |
ENDEAVOR CAPITAL, LLC. | $415,000 | n/a | 1.6% | |
Mortgage Investment Services Corporation | $525,000 | $390,000 | -25.7% | 1.5% |
FirstOak Bank | $860,000 | $365,000 | -57.6% | 1.4% |
Wells Fargo Bank | $690,000 | $355,000 | -48.6% | 1.4% |
Commerce Bank | $295,000 | n/a | 1.1% | |
Ally Bank | $285,000 | n/a | 1.1% | |
LOANDEPOT.COM, LLC | $275,000 | n/a | 1.0% | |
Springfield First Community Bank | $275,000 | n/a | 1.0% | |
GNBank | $55,000 | $270,000 | 390.9% | 1.0% |
CHURCHILL MORTGAGE CORPORATION | $250,000 | n/a | 1.0% | |
LAKEVIEW LOAN SERVICING, LLC | $310,000 | $240,000 | -22.6% | 0.9% |
Mr. Cooper ( Nationstar Mortgage ) | $685,000 | $220,000 | -67.9% | 0.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $380,000 | $195,000 | -48.7% | 0.7% |
Barrington Bank & Trust Company, N.A. | $155,000 | $180,000 | 16.1% | 0.7% |
Equity Bank | $180,000 | n/a | 0.7% | |
BROKER SOLUTIONS, INC. | $175,000 | n/a | 0.7% | |
Chickasaw Community Bank | $170,000 | $175,000 | 2.9% | 0.7% |
COMMUNITY MORTGAGE, LLC | $175,000 | n/a | 0.7% | |
Fifth Third Bank | $175,000 | n/a | 0.7% | |
HOMESIDE FINANCIAL, LLC | $175,000 | n/a | 0.7% | |
ROYAL UNITED MORTGAGE LLC | $290,000 | $150,000 | -48.3% | 0.6% |
Farm Credit Mid-America, ACA | $145,000 | n/a | 0.6% | |
Bank of England | $135,000 | n/a | 0.5% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $175,000 | $135,000 | -22.9% | 0.5% |
U.S. Bank | $165,000 | $130,000 | -21.2% | 0.5% |
DAS Acquisition Company, LLC | $105,000 | $125,000 | 19.0% | 0.5% |
GERSHMAN INVESTMENT CORP. | $125,000 | n/a | 0.5% | |
PENNYMAC LOAN SERVICES, LLC | $655,000 | $125,000 | -80.9% | 0.5% |
ZILLOW HOME LOANS, LLC | $135,000 | $125,000 | -7.4% | 0.5% |
AMERISAVE MORTGAGE CORPORATION | $375,000 | $105,000 | -72.0% | 0.4% |
Mid-Continent Funding, Inc. | $95,000 | n/a | 0.4% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $95,000 | n/a | 0.4% | |
FREEDOM MORTGAGE CORPORATION | $85,000 | n/a | 0.3% | |
MERITRUST Federal Credit Union | $125,000 | $85,000 | -32.0% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $85,000 | n/a | 0.3% | |
First Community Bank | $170,000 | $80,000 | -52.9% | 0.3% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $75,000 | n/a | 0.3% | |
BOKF | $75,000 | n/a | 0.3% | |
Carrington Mortgage Services, LLC | $75,000 | n/a | 0.3% | |
LIMA ONE CAPITAL, LLC | $75,000 | n/a | 0.3% | |
CROSSCOUNTRY MORTGAGE, LLC | $65,000 | n/a | 0.2% | |
Flagstar Bank, FSB | $55,000 | $55,000 | 0.0% | 0.2% |
Citibank | $45,000 | $45,000 | 0.0% | 0.2% |
MID AMERICA MORTGAGE, INC. | $340,000 | $45,000 | -86.8% | 0.2% |
Parsons's top lender by overall market share is Labette Bank, with 22.6% market share. In second place, with 15.4%, is FLAT BRANCH MORTGAGE, INC., having originated $4,050,000 in loans. In third place, with 7.2%, is Community National Bank & Trust, having originated $1,900,000 in loans. In fourth place, with 6.4%, is QUICKEN LOANS, LLC, having originated $1,675,000 in loans. In fifth place, with 3.5%, is HEARTLAND CREDIT UNION, having originated $930,000 in loans.
Parsons Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Parsons (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 | $60,475 (-7.0%) | $80,767 (-23.0%) | 0.00 | 117 |
2018-02-01 | $56,525 (-9.7%) | $80,073 (-20.1%) | 0.00 | 110 |
2018-03-01 | $59,950 (-7.3%) | $83,413 (-20.7%) | 0.00 | 109 |
2018-04-01 | $67,950 (4.5%) | $90,417 (-16.6%) | 0.00 | 111 |
2018-05-01 | $69,125 (1.3%) | $89,493 (-18.6%) | 0.00 | 115 |
2018-06-01 | $72,900 (8.8%) | $94,062 (8.6%) | 0.00 | 115 |
2018-07-01 | $60,000 (-8.8%) | $86,719 (2.0%) | 0.00 | 117 |
2018-08-01 | $59,925 (-7.7%) | $81,660 (-3.2%) | 0.00 | 117 |
2018-09-01 | $59,700 (-6.3%) | $77,464 (-7.4%) | 0.00 | 116 |
2018-10-01 | $58,375 (-8.4%) | $79,308 (-3.7%) | 0.00 | 112 |
2018-11-01 | $59,900 (-6.8%) | $87,450 (7.1%) | 0.00 | 116 |
2018-12-01 | $59,900 (-3.8%) | $90,973 (12.5%) | 0.00 | 109 |
2019-01-01 | $59,900 (-1.0%) | $93,095 (15.3%) | 0.00 | 103 |
2019-02-01 | $59,925 (6.0%) | $97,208 (21.4%) | 0.00 | 96 |
2019-03-01 | $59,950 (0.0%) | $106,977 (28.3%) | 0.00 | 79 |
2019-04-01 | $59,950 (-11.8%) | $103,485 (14.5%) | 0.00 | 82 |
2019-05-01 | $59,950 (-13.3%) | $99,078 (10.7%) | 0.00 | 79 |
2019-06-01 | $59,900 (-17.8%) | $96,999 (3.1%) | 0.00 | 76 |
2019-07-01 | $61,200 (2.0%) | $94,470 (8.9%) | 0.00 | 70 |
2019-08-01 | $59,900 (7.7%) | $96,706 (18.4%) | 0.00 | 74 |
2019-09-01 | $59,900 (3.7%) | $96,607 (24.7%) | 0.00 | 74 |
2019-10-01 | $62,075 (6.8%) | $96,406 (21.6%) | 0.00 | 74 |
2019-11-01 | $79,500 (32.7%) | $98,367 (12.5%) | 0.00 | 75 |
2019-12-01 | $77,200 (28.9%) | $95,148 (4.6%) | 0.00 | 72 |
2020-01-01 | $76,150 (27.1%) | $103,329 (11.0%) | 0.00 | 65 |
2020-02-01 | $79,000 (31.8%) | $105,402 (8.4%) | 0.00 | 67 |
2020-03-01 | $74,925 (25.0%) | $107,244 (0.3%) | 0.00 | 65 |
2020-04-01 | $65,350 (9.0%) | $107,794 (4.2%) | 0.00 | 61 |
2020-05-01 | $71,500 (19.3%) | $107,796 (8.8%) | 0.00 | 56 |
2020-06-01 | $76,200 (27.2%) | $116,482 (20.1%) | 0.00 | 51 |
2020-07-01 | $75,000 (22.6%) | $120,552 (27.6%) | 0.00 | 49 |
2020-08-01 | $77,450 (20.0%) | $128,510 (32.9%) | 0.00 | 42 |
2020-09-01 | $79,175 (27.9%) | $121,153 (25.4%) | 0.00 | 38 |
2020-10-01 | $69,900 (12.1%) | $112,467 (16.7%) | 0.00 | 41 |
2020-11-01 | $65,525 (-17.6%) | $104,697 (6.4%) | 0.00 | 44 |
2020-12-01 | $60,500 (-21.6%) | $96,983 (1.9%) | 0.00 | 46 |
2021-01-01 | $61,250 (-19.6%) | $114,132 (10.5%) | 0.00 | 38 |
2021-02-01 | $63,500 (-19.6%) | $117,648 (11.6%) | 0.00 | 38 |
2021-03-01 | $59,950 (-20.0%) | $115,950 (8.1%) | 0.00 | 40 |
2021-04-01 | $59,750 (-8.6%) | $112,709 (4.6%) | 0.00 | 32 |
2021-05-01 | $59,900 (-16.2%) | $91,441 (-15.2%) | 0.00 | 27 |
2021-06-01 | $57,175 (-25.0%) | $89,009 (-23.6%) | 0.00 | 29 |
2021-07-01 | $56,700 (-24.4%) | $92,585 (-23.2%) | 0.00 | 43 |
2021-08-01 | $56,700 (-26.8%) | $86,669 (-32.6%) | 0.00 | 50 |
2021-09-01 | $54,900 (-30.7%) | $116,563 (-3.8%) | 0.00 | 52 |
2021-10-01 | $57,950 (-17.1%) | $133,185 (18.4%) | 0.00 | 50 |
2021-11-01 | $67,950 (3.7%) | $146,235 (39.7%) | 0.00 | 52 |
2021-12-01 | $83,725 (38.4%) | $161,989 (67.0%) | 0.00 | 54 |
2022-01-01 | $79,700 (30.1%) | $157,365 (37.9%) | 0.00 | 41 |
2022-02-01 | $95,000 (49.6%) | $153,883 (30.8%) | 0.00 | 32 |
2022-03-01 | $104,250 (73.9%) | $145,496 (25.5%) | 0.00 | 29 |
2022-04-01 | $99,950 (67.3%) | $148,404 (31.7%) | 0.00 | 32 |
2022-05-01 | $95,600 (59.6%) | $142,198 (55.5%) | 0.00 | 38 |
2022-06-01 | $92,200 (61.3%) | $146,284 (64.4%) | 0.00 | 36 |
2022-07-01 | $99,900 (76.2%) | $141,700 (53.1%) | 0.00 | 47 |
2022-08-01 | $96,625 (70.4%) | $143,503 (65.6%) | 0.00 | 50 |
2022-09-01 | $94,225 (71.6%) | $144,532 (24.0%) | 0.00 | 52 |
2022-10-01 | $86,250 (48.8%) | $136,467 (2.5%) | 0.00 | 49 |
2022-11-01 | $95,900 (41.1%) | $144,503 (-1.2%) | 0.00 | 43 |
2022-12-01 | $96,000 (14.7%) | $148,985 (-8.0%) | 0.00 | 35 |
2023-01-01 | $104,200 (30.7%) | $159,682 (1.5%) | 0.00 | 36 |
2023-02-01 | $104,175 (9.7%) | $156,556 (1.7%) | 0.00 | 37 |
2023-03-01 | $102,950 (-1.3%) | $135,653 (-6.8%) | 0.00 | 31 |
2023-04-01 | $128,500 (0.0%) | $154,353 (4.0%) | 0.00 | 32 |
Parsons's median listing price comes in at 0% of the national average.
Parsons's average listing price for 2023-04-01 was $154,353, a difference of $5,949 (4.0%) versus the prior year and $18,700 versus the prior month.
For the 2023-04-01 period, Parsons had 32 MLS listings, a difference of 1 listings (3%) versus the prior month and 0 listings (0%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Parsons (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,572 sqft |
2018-02-01 | 0 days | 1,428 sqft |
2018-03-01 | 0 days | 1,512 sqft |
2018-04-01 | 0 days | 1,578 sqft |
2018-05-01 | 0 days | 1,579 sqft |
2018-06-01 | 0 days | 1,587 sqft |
2018-07-01 | 0 days | 1,562 sqft |
2018-08-01 | 0 days | 1,566 sqft |
2018-09-01 | 0 days | 1,524 sqft |
2018-10-01 | 0 days | 1,537 sqft |
2018-11-01 | 0 days | 1,609 sqft |
2018-12-01 | 0 days | 1,660 sqft |
2019-01-01 | 0 days | 1,671 sqft |
2019-02-01 | 0 days | 1,696 sqft |
2019-03-01 | 0 days | 1,779 sqft |
2019-04-01 | 0 days | 1,680 sqft |
2019-05-01 | 0 days | 1,630 sqft |
2019-06-01 | 0 days | 1,627 sqft |
2019-07-01 | 0 days | 1,592 sqft |
2019-08-01 | 0 days | 1,590 sqft |
2019-09-01 | 0 days | 1,597 sqft |
2019-10-01 | 0 days | 1,590 sqft |
2019-11-01 | 0 days | 1,612 sqft |
2019-12-01 | 0 days | 1,579 sqft |
2020-01-01 | 0 days | 1,595 sqft |
2020-02-01 | 0 days | 1,596 sqft |
2020-03-01 | 0 days | 1,609 sqft |
2020-04-01 | 0 days | 1,609 sqft |
2020-05-01 | 0 days | 1,628 sqft |
2020-06-01 | 0 days | 1,751 sqft |
2020-07-01 | 0 days | 1,539 sqft |
2020-08-01 | 0 days | 1,581 sqft |
2020-09-01 | 0 days | 1,729 sqft |
2020-10-01 | 0 days | 1,400 sqft |
2020-11-01 | 0 days | 1,363 sqft |
2020-12-01 | 0 days | 1,333 sqft |
2021-01-01 | 0 days | 1,347 sqft |
2021-02-01 | 0 days | 1,318 sqft |
2021-03-01 | 0 days | 1,365 sqft |
2021-04-01 | 0 days | 1,306 sqft |
2021-05-01 | 0 days | 1,740 sqft |
2021-06-01 | 0 days | 1,426 sqft |
2021-07-01 | 0 days | 1,231 sqft |
2021-08-01 | 0 days | 1,200 sqft |
2021-09-01 | 0 days | 1,205 sqft |
2021-10-01 | 0 days | 1,272 sqft |
2021-11-01 | 0 days | 1,428 sqft |
2021-12-01 | 0 days | 1,601 sqft |
2022-01-01 | 0 days | 1,552 sqft |
2022-02-01 | 0 days | 1,640 sqft |
2022-03-01 | 0 days | 1,686 sqft |
2022-04-01 | 0 days | 1,562 sqft |
2022-05-01 | 0 days | 1,648 sqft |
2022-06-01 | 0 days | 1,429 sqft |
2022-07-01 | 0 days | 1,394 sqft |
2022-08-01 | 0 days | 1,413 sqft |
2022-09-01 | 0 days | 1,472 sqft |
2022-10-01 | 0 days | 1,394 sqft |
2022-11-01 | 0 days | 1,431 sqft |
2022-12-01 | 0 days | 1,396 sqft |
2023-01-01 | 0 days | 1,515 sqft |
2023-02-01 | 0 days | 1,680 sqft |
2023-03-01 | 0 days | 1,913 sqft |
2023-04-01 | 0 days | 2,046 sqft |
Parsons's median square footage for active listings during the 2023-04-01 period was 2,046 sqft. One year prior, the average listing was 1,562 sqft.
Parsons, KS Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 160 | $19,430,000 | $121,438 |
Refi | 29 | $2,465,000 | $85,000 |
Cash Out Refi | 27 | $2,935,000 | $108,704 |
Home Improvement | 24 | $1,080,000 | $45,000 |
Other | 7 | $375,000 | $53,571 |
Parsons's most frequently cited loan purpose was Home Purchase, with 160 originations. The 2nd most popular reason was Refi, with 29 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 56 | $5,760,000 | $102,857 |
4-5% | 44 | $4,210,000 | $95,682 |
6-7% | 36 | $3,420,000 | $95,000 |
3-4% | 33 | $4,695,000 | $142,273 |
2.5-3% | 13 | $795,000 | $61,154 |
<2.5% | 5 | $435,000 | $87,000 |
7-8% | 3 | $385,000 | $128,333 |
During 2022, Parsons's most frequently originated rate bucket was 5-6%, with 56 originations.
Loan Sizing (Parsons, KS MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 141 | $8,245,000 | $58,475 |
$100k-200k | 81 | $11,115,000 | $137,222 |
$200k-400k | 22 | $5,350,000 | $243,182 |
$400k-600k | 2 | $930,000 | $465,000 |
$600k-1000k | 1 | $645,000 | $645,000 |
Parsons's loan sizing saw the bucket of loans from $100,000 or less with 141 originations, totaling $8,245,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 117 | $12,835,000 | $109,701 |
60-80% | 39 | $4,205,000 | $107,821 |
40-60% | 13 | $1,305,000 | $100,385 |
20-40% | 11 | $775,000 | $70,455 |
Under 20% | 6 | $150,000 | $25,000 |
Over 100% | 3 | $345,000 | $115,000 |
Parsons's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 117 originations, totaling $12,835,000 in origination value.