Parsons Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Parsons averaged
6.32%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
5.92% and
one month ago for the week of 2024-09-05, the
average rate was 6.55%.
Parsons's average rate one year ago was 7.49%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.32%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Parsons 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Parsons 30 Year Fixed Rate Refi | 2024-10-10 | 6.32% |
Parsons 15 Year Fixed Rate | 2024-10-10 | 5.61% |
Parsons 15 Year Fixed Rate Refi | 2024-10-10 | 5.61% |
Parsons 30 Year FHA | 2024-10-10 | 6.3% |
Parsons 30 Year FHA Refi | 2024-10-10 | 6.3% |
Parsons 30 Year USDA | 2024-10-10 | 5.88% |
Parsons 30 Year USDA Refi | 2024-10-10 | 6.28% |
Parsons 30 Year VA | 2024-10-10 | 6.05% |
Parsons 30 Year VA Refi | 2024-10-10 | 5.85% |
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.).
Parsons Average Closing Costs & Other Stats
Parsons, KS's 27 lenders originated 224
loans during 2023. The total origination value was $24,570,000, with an average loan value of
$109,688.
Parsons's average closing costs are $3,970.
The top Parsons lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
10 loans originated. Their average total fees are
$3,275, which is $1,277
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Parsons lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. ($3,275), .
The lowest rate Parsons lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. (6.75%), .
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
FLAT BRANCH MORTGAGE, INC. | $4,050,000 | $4,460,000 | 10.1% | 18.2% |
Labette Bank | $5,950,000 | $3,170,000 | -46.7% | 12.9% |
QUICKEN LOANS, LLC | $1,675,000 | $1,900,000 | 13.4% | 7.7% |
Mortgage Research Center, LLC | $510,000 | $1,810,000 | 254.9% | 7.4% |
Community National Bank & Trust | $1,900,000 | $1,410,000 | -25.8% | 5.7% |
Old Missouri Bank | $1,130,000 | n/a | 4.6% | |
Great Southern Bank | $795,000 | $1,070,000 | 34.6% | 4.4% |
AMERICAN FINANCIAL NETWORK, INC. | $830,000 | n/a | 3.4% | |
Wells Fargo Bank | $355,000 | $535,000 | 50.7% | 2.2% |
Carrington Mortgage Services, LLC | $75,000 | $525,000 | 600.0% | 2.1% |
UNITED WHOLESALE MORTGAGE, LLC | $470,000 | $520,000 | 10.6% | 2.1% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $135,000 | $435,000 | 222.2% | 1.8% |
Sierra Pacific Mortgage Company, Inc. | $520,000 | $430,000 | -17.3% | 1.8% |
Mortgage Investment Services Corporation | $390,000 | $365,000 | -6.4% | 1.5% |
TOWNE MORTGAGE COMPANY | $330,000 | n/a | 1.3% | |
Arvest Bank | $320,000 | n/a | 1.3% | |
ZILLOW HOME LOANS, LLC | $125,000 | $295,000 | 136.0% | 1.2% |
GOLDEN PLAINS | $660,000 | $255,000 | -61.4% | 1.0% |
First United Bank and Trust Company | $245,000 | n/a | 1.0% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $205,000 | n/a | 0.8% | |
PENNYMAC LOAN SERVICES, LLC | $125,000 | $190,000 | 52.0% | 0.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $195,000 | $185,000 | -5.1% | 0.8% |
Northpointe Bank | $185,000 | n/a | 0.8% | |
LAKEVIEW LOAN SERVICING, LLC | $240,000 | $175,000 | -27.1% | 0.7% |
Community First National Bank | $170,000 | n/a | 0.7% | |
Gateway First Bank | $170,000 | n/a | 0.7% | |
BROKER SOLUTIONS, INC. | $175,000 | $165,000 | -5.7% | 0.7% |
Community National Bank | $165,000 | n/a | 0.7% | |
Mid-Continent Funding, Inc. | $95,000 | $155,000 | 63.2% | 0.6% |
LOANDEPOT.COM, LLC | $275,000 | $150,000 | -45.5% | 0.6% |
Midwest Mortgage Associates Corporation | $145,000 | n/a | 0.6% | |
BETTER MORTGAGE CORPORATION | $135,000 | n/a | 0.5% | |
ENDEAVOR CAPITAL, LLC. | $415,000 | $135,000 | -67.5% | 0.5% |
LIMA ONE CAPITAL, LLC | $75,000 | $125,000 | 66.7% | 0.5% |
Pinnacle Bank | $125,000 | n/a | 0.5% | |
FREEDOM MORTGAGE CORPORATION | $85,000 | $115,000 | 35.3% | 0.5% |
Mr. Cooper ( Nationstar Mortgage ) | $220,000 | $115,000 | -47.7% | 0.5% |
NEWREZ LLC | $105,000 | n/a | 0.4% | |
UMB Bank | $105,000 | n/a | 0.4% | |
MID AMERICA MORTGAGE, INC. | $45,000 | $95,000 | 111.1% | 0.4% |
United Fidelity Funding Corp. | $95,000 | n/a | 0.4% | |
Connexus Credit Union | $85,000 | n/a | 0.3% | |
First Federal Bank | $85,000 | n/a | 0.3% | |
CoreFirst Bank & Trust | $75,000 | n/a | 0.3% | |
Fifth Third Bank | $175,000 | $75,000 | -57.1% | 0.3% |
Plains Commerce Bank | $75,000 | n/a | 0.3% | |
EVERETT FINANCIAL, INC. | $65,000 | n/a | 0.3% | |
First Community Bank | $80,000 | $65,000 | -18.8% | 0.3% |
LEADERONE FINANCIAL CORPORATION | $65,000 | n/a | 0.3% | |
Springfield First Community Bank | $275,000 | $65,000 | -76.4% | 0.3% |
U.S. Bank | $130,000 | $65,000 | -50.0% | 0.3% |
Citibank | $45,000 | $55,000 | 22.2% | 0.2% |
Discover Bank | $55,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $150,000 | $55,000 | -63.3% | 0.2% |
Simmons Bank | $55,000 | n/a | 0.2% | |
TOP FLITE FINANCIAL, INC. | $55,000 | n/a | 0.2% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $45,000 | n/a | 0.2% | |
Coastal Community Bank | $35,000 | n/a | 0.1% | |
Great Plains Federal Credit Un | $35,000 | n/a | 0.1% | |
Members Mortgage Services, L.L.C. | $35,000 | n/a | 0.1% | |
BancFirst | $25,000 | n/a | 0.1% |
Parsons's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 18.2% market share. In second place, with 12.9%, is Labette Bank, having originated $3,170,000 in loans. In third place, with 7.7%, is QUICKEN LOANS, LLC, having originated $1,900,000 in loans. In fourth place, with 7.4%, is Mortgage Research Center, LLC, having originated $1,810,000 in loans. In fifth place, with 5.7%, is Community National Bank & Trust, having originated $1,410,000 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 | $59,950 (6.1%) | $97,993 (22.4%) | 0.00 | 95 |
2019-03-01 | $59,943 (0.0%) | $101,662 (21.9%) | 0.00 | 89 |
2019-04-01 | $59,968 (-11.8%) | $103,386 (14.3%) | 0.00 | 83 |
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 | $64,518 (7.7%) | $95,577 (17.0%) | 0.00 | 68 |
2019-09-01 | $61,920 (3.7%) | $95,187 (22.9%) | 0.00 | 73 |
2019-10-01 | $62,364 (6.8%) | $96,077 (21.1%) | 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 (7.6%) | 0.00 | 67 |
2020-03-01 | $74,925 (25.0%) | $107,244 (5.5%) | 0.00 | 65 |
2020-04-01 | $65,350 (9.0%) | $107,794 (4.3%) | 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 (34.5%) | 0.00 | 42 |
2020-09-01 | $79,175 (27.9%) | $121,153 (27.3%) | 0.00 | 38 |
2020-10-01 | $69,900 (12.1%) | $112,467 (17.1%) | 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 (28.6%) | $154,353 (4.0%) | 0.00 | 32 |
2023-05-01 | $99,900 (4.5%) | $128,988 (-9.3%) | 0.00 | 26 |
2023-06-01 | $99,900 (8.4%) | $121,864 (-16.7%) | 0.00 | 28 |
2023-07-01 | $85,000 (-14.9%) | $117,863 (-16.8%) | 0.00 | 29 |
2023-08-01 | $115,000 (19.0%) | $133,626 (-6.9%) | 0.00 | 32 |
2023-09-01 | $115,000 (22.1%) | $148,894 (3.0%) | 0.00 | 41 |
2023-10-01 | $107,500 (24.6%) | $145,338 (6.5%) | 0.00 | 43 |
2023-11-01 | $84,250 (-12.2%) | $128,549 (-11.0%) | 0.00 | 47 |
2023-12-01 | $92,750 (-3.4%) | $136,134 (-8.6%) | 0.00 | 47 |
2024-01-01 | $97,100 (-6.8%) | $146,601 (-8.2%) | 0.00 | 42 |
2024-02-01 | $90,250 (-13.4%) | $140,324 (-10.4%) | 0.00 | 41 |
2024-03-01 | $99,000 (-3.8%) | $151,994 (12.1%) | 0.00 | 41 |
2024-04-01 | $118,000 (-8.2%) | $180,771 (17.1%) | 0.00 | 47 |
2024-05-01 | $128,000 (28.1%) | $187,751 (45.6%) | 0.00 | 46 |
2024-06-01 | $159,100 (59.3%) | $196,189 (61.0%) | 0.00 | 45 |
2024-07-01 | $146,450 (72.3%) | $192,047 (62.9%) | 0.00 | 48 |
2024-08-01 | $150,000 (30.4%) | $189,668 (41.9%) | 0.00 | 63 |
2024-09-01 | $148,500 (29.1%) | $188,857 (26.8%) | 0.00 | 68 |
Parsons's median listing price comes in at 0% of the national average.
Parsons's average listing price for 2024-09-01 was $188,857, a difference of $39,963 (26.8%) versus the prior year and $-811 versus the prior month.
For the 2024-09-01 period, Parsons had 68 MLS listings, a difference of 5 listings (8%) versus the prior month and 27 listings (66%) 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 | 1,696 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 | 1,623 sqft |
2019-09-01 | 0 days | 1,614 sqft |
2019-10-01 | 0 days | 1,600 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 | 1,398 sqft |
2022-12-01 | 0 days | 1,394 sqft |
2023-01-01 | 0 days | 1,422 sqft |
2023-02-01 | 0 days | 1,608 sqft |
2023-03-01 | 0 days | 1,881 sqft |
2023-04-01 | 0 days | 2,046 sqft |
2023-05-01 | 0 days | 1,518 sqft |
2023-06-01 | 0 days | 1,511 sqft |
2023-07-01 | 0 days | 1,427 sqft |
2023-08-01 | 0 days | 1,474 sqft |
2023-09-01 | 0 days | 1,608 sqft |
2023-10-01 | 0 days | 1,451 sqft |
2023-11-01 | 0 days | 1,397 sqft |
2023-12-01 | 0 days | 1,534 sqft |
2024-01-01 | 0 days | 1,536 sqft |
2024-02-01 | 0 days | 1,444 sqft |
2024-03-01 | 0 days | 1,400 sqft |
2024-04-01 | 0 days | 1,656 sqft |
2024-05-01 | 0 days | 1,737 sqft |
2024-06-01 | 0 days | 1,748 sqft |
2024-07-01 | 0 days | 1,750 sqft |
2024-08-01 | 0 days | 1,731 sqft |
2024-09-01 | 0 days | 1,678 sqft |
Parsons's median square footage for active listings during the 2024-09-01 period was 1,678 sqft. One year prior, the average listing was 1,608 sqft.
Parsons, KS Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 155 | $18,335,000 | $118,290 |
Refi | 23 | $2,465,000 | $107,174 |
Cash Out Refi | 21 | $2,075,000 | $98,810 |
Other | 13 | $935,000 | $71,923 |
Home Improvement | 12 | $760,000 | $63,333 |
Parsons's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Refi, with 23 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 79 | $9,485,000 | $120,063 |
7-8% | 65 | $6,565,000 | $101,000 |
5-6% | 23 | $3,095,000 | $134,565 |
Over 8% | 12 | $960,000 | $80,000 |
During 2023, Parsons's most frequently originated rate bucket was 6-7%, with 79 originations.
Loan Sizing (Parsons, KS MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 137 | $8,565,000 | $62,518 |
$100k-200k | 66 | $9,070,000 | $137,424 |
$200k-400k | 17 | $4,845,000 | $285,000 |
$400k-600k | 3 | $1,335,000 | $445,000 |
$600k-1000k | 1 | $755,000 | $755,000 |
Parsons's loan sizing saw the bucket of loans from $100,000 or less with 137 originations, totaling $8,565,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 115 | $14,045,000 | $122,130 |
60-80% | 43 | $3,995,000 | $92,907 |
40-60% | 8 | $550,000 | $68,750 |
20-40% | 7 | $325,000 | $46,429 |
Over 100% | 5 | $765,000 | $153,000 |
Under 20% | 1 | $425,000 | $425,000 |
Parsons's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 115 originations, totaling $14,045,000 in origination value.