Parsons Mortgage Rates
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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.