Parsons Mortgage Rates

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

    30 Year Fixed Rate mortgages in Parsons averaged 5.96% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

    The average rate for the prior week (2022-06-23) was 6.27% and one month ago for the week of 2022-05-26, the average rate was 5.56%.

    Parsons's average rate one year ago was 3.29%.

    For refis of the same type during the week of 2022-06-30, the average rate was 5.8%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2022-06-30 5.7%
    Parsons 30 Year Fixed Rate 2022-06-30 5.96%
    Parsons 30 Year Fixed Rate Refi 2022-06-30 5.8%
    Parsons 15 Year Fixed Rate 2022-06-30 5.28%
    Parsons 15 Year Fixed Rate Refi 2022-06-30 5.16%
    Parsons 30 Year FHA 2022-06-30 6.01%
    Parsons 30 Year FHA Refi 2022-06-30 5.32%
    Parsons 30 Year USDA 2022-06-30 5.82%
    Parsons 30 Year USDA Refi 2022-06-30 4.64%
    Parsons 30 Year VA 2022-06-30 5.83%
    Parsons 30 Year VA Refi 2022-06-30 5.66%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Parsons, KS.

    Parsons Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    FLAT BRANCH MORTGAGE, INC. 12 3.20% $2,343
    Community National Bank & Trust 8 3.81% $1,925
    QUICKEN LOANS, LLC 8 3.34% $4,199
    Great Southern Bank 6 3.61% $2,206
    GOLDEN PLAINS 5 3.03% $1,455
    Sierra Pacific Mortgage Company, Inc. 3 3.58% $3,372
    U.S. Bank 2 3.19% $2,046
    KS StateBank 1 6.88% $2,407
    Landmark National Bank 1 2.88% $1,777
    MERITRUST Federal Credit Union 1 3.38% $2,517
    Mortgage Investment Services Corporation 1 3.25% $3,106
    Mortgage Research Center, LLC 1 2.99% $660
    NAVY FEDERAL CREDIT UNION 1 4.63% $5,501
    NEWREZ LLC 1 3.25% $2,381
    PLANET HOME LENDING, LLC 1 3.38% $2,834
    RCB Bank 1 3.38% $2,475
    Truity Federal Credit Union 1 3.00% $2,098
    Wells Fargo Bank 1 2.88% $6,986
    AMERISAVE MORTGAGE CORPORATION 1 3.63% $2,661
    ZILLOW HOME LOANS, LLC 1 3.25% $2,813
    Bank of America 1 2.88% $5,598
    Citibank 1 2.88% $3,305
    CREDIT UNION OF AMERICA 1 3.00% $2,535
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.99% $2,480
    First Community Bank 1 2.50% $3,947
    FirstTrust Home Loans, Inc. 1 2.63% $3,531

    Parsons, KS's 26 lenders originated 302 loans during 2021. The total origination value was $30,570,000, with an average loan value of $101,225.

    The top Parsons lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 12 loans originated. Their average total fees are $2,343, which is $418 higher than the next largest lender, Community National Bank & Trust.

    The lowest fee Parsons lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($2,343), .

    The lowest rate Parsons lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (3.20%), .

    Parsons, KS Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    FLAT BRANCH MORTGAGE, INC. $1,230,000 $5,075,000 312.6% 16.6%
    Labette Bank $3,725,000 $3,650,000 -2.0% 11.9%
    QUICKEN LOANS, LLC $2,560,000 $2,960,000 15.6% 9.7%
    Community National Bank & Trust $2,125,000 $2,380,000 12.0% 7.8%
    Sierra Pacific Mortgage Company, Inc. $570,000 $1,500,000 163.2% 4.9%
    UNITED WHOLESALE MORTGAGE, LLC $195,000 $1,045,000 435.9% 3.4%
    GOLDEN PLAINS $1,055,000 $920,000 -12.8% 3.0%
    FirstOak Bank $860,000 n/a 2.8%
    Great Southern Bank $985,000 $695,000 -29.4% 2.3%
    Wells Fargo Bank $435,000 $690,000 58.6% 2.3%
    Mr. Cooper ( Nationstar Mortgage ) $575,000 $685,000 19.1% 2.2%
    PENNYMAC LOAN SERVICES, LLC $655,000 n/a 2.1%
    AMERICAN FINANCIAL NETWORK, INC. $1,005,000 $525,000 -47.8% 1.7%
    Mortgage Investment Services Corporation $250,000 $525,000 110.0% 1.7%
    Mortgage Research Center, LLC $710,000 $490,000 -31.0% 1.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $95,000 $380,000 300.0% 1.2%
    AMERISAVE MORTGAGE CORPORATION $375,000 n/a 1.2%
    Bank of America $75,000 $375,000 400.0% 1.2%
    MID AMERICA MORTGAGE, INC. $220,000 $340,000 54.5% 1.1%
    LAKEVIEW LOAN SERVICING, LLC $310,000 n/a 1.0%
    Arvest Bank $395,000 $290,000 -26.6% 0.9%
    ROYAL UNITED MORTGAGE LLC $255,000 $290,000 13.7% 0.9%
    HOME POINT FINANCIAL CORPORATION $280,000 n/a 0.9%
    Community First National Bank $135,000 $255,000 88.9% 0.8%
    21ST MORTGAGE CORPORATION $130,000 $245,000 88.5% 0.8%
    THRIVE MORTGAGE, LLC $235,000 n/a 0.8%
    PLANET HOME LENDING, LLC $975,000 $230,000 -76.4% 0.8%
    People's Bank of Seneca $225,000 n/a 0.7%
    TRIAD FINANCIAL SERVICES, INC. $215,000 n/a 0.7%
    FirstTrust Home Loans, Inc. $210,000 n/a 0.7%
    VANDERBILT MORTGAGE AND FINANCE, INC. $240,000 $175,000 -27.1% 0.6%
    Chickasaw Community Bank $95,000 $170,000 78.9% 0.6%
    First Community Bank $165,000 $170,000 3.0% 0.6%
    CREDIT UNION OF AMERICA $165,000 n/a 0.5%
    U.S. Bank $340,000 $165,000 -51.5% 0.5%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $160,000 n/a 0.5%
    Barrington Bank & Trust Company, N.A. $155,000 n/a 0.5%
    NEWREZ LLC $155,000 $155,000 0.0% 0.5%
    KS StateBank $145,000 n/a 0.5%
    Southern Bank $145,000 n/a 0.5%
    ZILLOW HOME LOANS, LLC $135,000 n/a 0.4%
    Deere Employees Credit Union $195,000 $130,000 -33.3% 0.4%
    HEARTLAND CREDIT UNION $125,000 n/a 0.4%
    MERITRUST Federal Credit Union $125,000 n/a 0.4%
    NEW DAY FINANCIAL, LLC $120,000 $125,000 4.2% 0.4%
    Landmark National Bank $85,000 $120,000 41.2% 0.4%
    CALIBER HOME LOANS, INC. $115,000 n/a 0.4%
    NAVY FEDERAL CREDIT UNION $200,000 $115,000 -42.5% 0.4%
    United Fidelity Funding Corp. $255,000 $115,000 -54.9% 0.4%
    DAS Acquisition Company, LLC $105,000 n/a 0.3%
    USAA Federal Savings Bank $305,000 $105,000 -65.6% 0.3%
    GENEVA FINANCIAL, LLC $95,000 n/a 0.3%
    Truity Federal Credit Union $85,000 n/a 0.3%
    AMERICAN FINANCING CORPORATION $75,000 n/a 0.2%
    RCB Bank $45,000 $75,000 66.7% 0.2%
    Truist Bank $75,000 n/a 0.2%
    ACADEMY MORTGAGE CORPORATION $65,000 n/a 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $55,000 $55,000 0.0% 0.2%
    Flagstar Bank, FSB $65,000 $55,000 -15.4% 0.2%
    GNBank $55,000 n/a 0.2%
    Citibank $175,000 $45,000 -74.3% 0.1%
    Gateway First Bank $370,000 $45,000 -87.8% 0.1%
    Simmons Bank $15,000 n/a 0.0%

    Parsons's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 16.6% market share. In second place, with 11.9%, is Labette Bank, having originated $3,650,000 in loans. In third place, with 9.7%, is QUICKEN LOANS, LLC, having originated $2,960,000 in loans. In third place, with 7.8%, is Community National Bank & Trust, having originated $2,380,000 in loans. In third place, with 4.9%, is Sierra Pacific Mortgage Company, Inc., having originated $1,500,000 in loans.

    Parsons, KS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 183 $18,705,000 $102,213
    Refi 84 $8,770,000 $104,405
    Cash Out Refi 24 $2,480,000 $103,333
    Other 6 $260,000 $43,333
    Home Improvement 5 $355,000 $71,000

    Parsons's most frequently cited loan purpose was Home Purchase, with 183 originations. The 2nd most popular reason was Refi, with 84 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 104 $9,490,000 $91,250
    2.5-3% 88 $10,420,000 $118,409
    <2.5% 24 $3,260,000 $135,833
    4-5% 19 $1,715,000 $90,263
    5-6% 8 $500,000 $62,500
    6-7% 3 $395,000 $131,667

    During 2021, Parsons's most frequently originated rate bucket was 3-4%, with 104 originations.

    Loan Sizing (Parsons, KS MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 175 $10,045,000 $57,400
    $100k-200k 100 $13,230,000 $132,300
    $200k-400k 25 $6,385,000 $255,400
    $400k-600k 2 $910,000 $455,000

    Parsons's loan sizing saw the bucket of loans from $100,000 or less with 175 originations, totaling $10,045,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 157 $17,065,000 $108,694
    60-80% 61 $6,115,000 $100,246
    40-60% 10 $900,000 $90,000
    20-40% 8 $330,000 $41,250
    Over 100% 4 $1,060,000 $265,000
    Under 20% 4 $80,000 $20,000

    Parsons's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 157 originations, totaling $17,065,000 in origination value.

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Parsons (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 $59,900 (-7.7%) $81,296 (1.2%) 0.00 125
    2018-02-01 $54,950 (-10.9%) $78,594 (4.2%) 0.00 118
    2018-03-01 $59,900 (-7.0%) $82,353 (2.5%) 0.00 117
    2018-04-01 $65,450 (0.7%) $88,975 (8.2%) 0.00 119
    2018-05-01 $68,000 (1.5%) $89,827 (5.1%) 0.00 121
    2018-06-01 $72,900 (9.6%) $94,282 (9.8%) 0.00 120
    2018-07-01 $63,450 (-4.6%) $90,079 (6.4%) 0.00 122
    2018-08-01 $60,950 (-6.1%) $85,927 (1.5%) 0.00 124
    2018-09-01 $59,900 (-4.2%) $81,764 (-4.6%) 0.00 123
    2018-10-01 $59,900 (-3.7%) $83,859 (0.0%) 0.00 116
    2018-11-01 $61,000 (1.8%) $90,988 (12.2%) 0.00 120
    2018-12-01 $60,000 (0.2%) $92,028 (14.0%) 0.00 111
    2019-01-01 $60,000 (0.2%) $92,560 (13.9%) 0.00 110
    2019-02-01 $59,900 (9.0%) $95,248 (21.2%) 0.00 102
    2019-03-01 $59,900 (0.0%) $96,358 (17.0%) 0.00 100
    2019-04-01 $59,900 (-8.5%) $98,713 (10.9%) 0.00 91
    2019-05-01 $59,950 (-11.8%) $98,949 (10.2%) 0.00 87
    2019-06-01 $59,500 (-18.4%) $92,156 (-2.3%) 0.00 85
    2019-07-01 $59,950 (-5.5%) $91,455 (1.5%) 0.00 77
    2019-08-01 $62,814 (3.1%) $91,392 (6.4%) 0.00 76
    2019-09-01 $62,814 (4.9%) $91,051 (11.4%) 0.00 81
    2019-10-01 $71,700 (19.7%) $95,125 (13.4%) 0.00 80
    2019-11-01 $79,900 (31.0%) $96,976 (6.6%) 0.00 80
    2019-12-01 $79,700 (32.8%) $93,465 (1.6%) 0.00 77
    2020-01-01 $78,400 (30.7%) $101,960 (10.2%) 0.00 70
    2020-02-01 $79,900 (33.4%) $102,015 (7.1%) 0.00 74
    2020-03-01 $72,450 (21.0%) $102,334 (6.2%) 0.00 71
    2020-04-01 $59,000 (-1.5%) $99,962 (1.3%) 0.00 66
    2020-05-01 $64,900 (8.3%) $107,317 (8.5%) 0.00 62
    2020-06-01 $75,450 (26.8%) $116,520 (26.4%) 0.00 56
    2020-07-01 $73,500 (22.6%) $117,528 (28.5%) 0.00 53
    2020-08-01 $75,000 (19.4%) $122,134 (33.6%) 0.00 44
    2020-09-01 $81,900 (30.4%) $120,274 (32.1%) 0.00 40
    2020-10-01 $75,000 (4.6%) $104,574 (9.9%) 0.00 42
    2020-11-01 $66,150 (-17.2%) $101,792 (5.0%) 0.00 48
    2020-12-01 $57,400 (-28.0%) $90,292 (-3.4%) 0.00 51
    2021-01-01 $60,000 (-23.5%) $111,447 (9.3%) 0.00 42
    2021-02-01 $60,000 (-24.9%) $107,678 (5.6%) 0.00 39
    2021-03-01 $59,850 (-17.4%) $111,297 (8.8%) 0.00 40
    2021-04-01 $59,300 (0.5%) $107,455 (7.5%) 0.00 33
    2021-05-01 $59,900 (-7.7%) $85,624 (-20.2%) 0.00 27
    2021-06-01 $54,950 (-27.2%) $85,326 (-26.8%) 0.00 31
    2021-07-01 $59,700 (-18.8%) $87,609 (-25.5%) 0.00 45
    2021-08-01 $58,450 (-22.1%) $86,369 (-29.3%) 0.00 56
    2021-09-01 $57,900 (-29.3%) $117,777 (-2.1%) 0.00 58
    2021-10-01 $65,000 (-13.3%) $126,030 (20.5%) 0.00 54
    2021-11-01 $68,750 (3.9%) $137,867 (35.4%) 0.00 57
    2021-12-01 $82,450 (43.6%) $154,038 (70.6%) 0.00 60
    2022-01-01 $79,900 (33.2%) $147,836 (32.7%) 0.00 48
    2022-02-01 $95,000 (58.3%) $146,082 (35.7%) 0.00 37
    2022-03-01 $94,750 (58.3%) $137,108 (23.2%) 0.00 33
    2022-04-01 $89,999 (51.8%) $120,803 (12.4%) 0.00 38
    2022-05-01 $97,500 (62.8%) $125,433 (46.5%) 0.00 46
    2022-06-01 $95,200 (73.3%) $134,482 (57.6%) 0.00 43
    Parsons's median listing price for 2022-06-01 was $95,200, a difference of $40,250 (73.3%) versus the prior year and $-2,300 versus the prior month.

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

    Parsons's average listing price for 2022-06-01 was $134,482, a difference of $49,156 (57.6%) versus the prior year and $9,049 versus the prior month.

    For the 2022-06-01 period, Parsons had 43 MLS listings, a difference of -3 listings (-7%) versus the prior month and 12 listings (39%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Parsons (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,578 sqft
    2018-02-01 0 days 1,462 sqft
    2018-03-01 0 days 1,557 sqft
    2018-04-01 0 days 1,594 sqft
    2018-05-01 0 days 1,594 sqft
    2018-06-01 0 days 1,617 sqft
    2018-07-01 0 days 1,579 sqft
    2018-08-01 0 days 1,603 sqft
    2018-09-01 0 days 1,560 sqft
    2018-10-01 0 days 1,570 sqft
    2018-11-01 0 days 1,662 sqft
    2018-12-01 0 days 1,662 sqft
    2019-01-01 0 days 1,688 sqft
    2019-02-01 0 days 1,715 sqft
    2019-03-01 0 days 1,707 sqft
    2019-04-01 0 days 1,688 sqft
    2019-05-01 0 days 1,646 sqft
    2019-06-01 0 days 1,608 sqft
    2019-07-01 0 days 1,576 sqft
    2019-08-01 0 days 1,590 sqft
    2019-09-01 0 days 1,576 sqft
    2019-10-01 0 days 1,583 sqft
    2019-11-01 0 days 1,612 sqft
    2019-12-01 0 days 1,568 sqft
    2020-01-01 0 days 1,598 sqft
    2020-02-01 0 days 1,601 sqft
    2020-03-01 0 days 1,628 sqft
    2020-04-01 0 days 1,606 sqft
    2020-05-01 0 days 1,650 sqft
    2020-06-01 0 days 1,792 sqft
    2020-07-01 0 days 1,523 sqft
    2020-08-01 0 days 1,507 sqft
    2020-09-01 0 days 1,690 sqft
    2020-10-01 0 days 1,426 sqft
    2020-11-01 0 days 1,345 sqft
    2020-12-01 0 days 1,285 sqft
    2021-01-01 0 days 1,328 sqft
    2021-02-01 0 days 1,307 sqft
    2021-03-01 0 days 1,328 sqft
    2021-04-01 0 days 1,264 sqft
    2021-05-01 0 days 1,740 sqft
    2021-06-01 0 days 1,426 sqft
    2021-07-01 0 days 1,320 sqft
    2021-08-01 0 days 1,203 sqft
    2021-09-01 0 days 1,214 sqft
    2021-10-01 0 days 1,256 sqft
    2021-11-01 0 days 1,433 sqft
    2021-12-01 0 days 1,566 sqft
    2022-01-01 0 days 1,552 sqft
    2022-02-01 0 days 1,678 sqft
    2022-03-01 0 days 1,793 sqft
    2022-04-01 0 days 1,471 sqft
    2022-05-01 0 days 1,658 sqft
    2022-06-01 0 days 1,464 sqft
    Parsons's median listing age (time on market) for 2022-06-01 was 0 days.

    Parsons's median square footage for active listings during the 2022-06-01 period was 1,464 sqft. One year prior, the average listing was 1,426 sqft.