Picayune Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Picayune averaged 6.58% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 7.06% and one month ago for the week of 2023-02-16, the average rate was 6.78%.

    Picayune's average rate one year ago was 3.92%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.54%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Picayune 30 Year Fixed Rate 2023-03-23 6.58%
    Picayune 30 Year Fixed Rate Refi 2023-03-23 6.54%
    Picayune 15 Year Fixed Rate 2023-03-23 6.17%
    Picayune 15 Year Fixed Rate Refi 2023-03-23 6.57%
    Picayune 30 Year FHA 2023-03-23 6.59%
    Picayune 30 Year FHA Refi 2023-03-23 6.27%
    Picayune 30 Year USDA 2023-03-23 6.22%
    Picayune 30 Year USDA Refi 2023-03-23 6.11%
    Picayune 30 Year VA 2023-03-23 6.05%
    Picayune 30 Year VA Refi 2023-03-23 5.75%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Picayune, MS.

    Picayune 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 Picayune, MS 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
    QUICKEN LOANS, LLC 34 5.06% $6,296
    Regions Bank 25 5.24% $4,750
    PLANET HOME LENDING, LLC 23 5.17% $5,957
    GMFS LLC 21 4.73% $4,402
    Hancock Whitney Bank 15 5.36% $4,880
    PRIMELENDING, A PLAINSCAPITAL COMPANY 15 5.74% $5,518
    LOANDEPOT.COM, LLC 15 4.84% $5,367
    KEESLER 15 4.01% $3,427
    BankPlus 14 5.04% $3,437
    EUSTIS AND AMERICAN MORTGAGE COMPANY 10 5.06% $4,808
    UNION HOME MORTGAGE CORP. 7 5.21% $4,629
    NAVY FEDERAL CREDIT UNION 7 5.14% $3,597
    Gulf Coast Bank and Trust Company 6 5.50% $5,870
    DRAPER AND KRAMER MORTGAGE CORP. 6 5.31% $6,790
    Citizens Bank 5 3.48% $4,986
    Flagstar Bank, FSB 5 5.40% $6,606
    JPMorgan Chase Bank 5 5.38% $3,214
    DELMAR FINANCIAL COMPANY 4 4.78% $3,493
    CALIBER HOME LOANS, INC. 4 4.02% $4,482
    Wells Fargo Bank 4 4.69% $3,531
    Trustmark National Bank 3 5.46% $5,242
    Bank of England 3 5.50% $3,771
    STANDARD MORTGAGE CORPORATION 3 4.42% $3,247
    UNITED WHOLESALE MORTGAGE, LLC 3 4.71% $5,751
    CMG MORTGAGE, INC. 3 4.62% $4,123
    Community Bank of Mississippi 3 4.46% $3,475
    CROSSCOUNTRY MORTGAGE, LLC 3 4.79% $4,627
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.00% $3,978
    Mr. Cooper ( Nationstar Mortgage ) 3 4.92% $6,200
    Wyndham Capital Mortgage, Inc. 2 3.19% $3,668
    AMERISAVE MORTGAGE CORPORATION 2 4.38% $4,555
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 5.31% $3,913
    EVERETT FINANCIAL, INC. 2 4.00% $1,828
    FIDELITY BANK 2 6.13% $5,036
    GSF Mortgage Corporation 2 4.12% $5,598
    HOMESIDE FINANCIAL, LLC 2 4.68% $6,397
    MOVEMENT MORTGAGE, LLC 2 5.40% $4,259
    NBKC BANK 2 4.38% $2,378
    NEWREZ LLC 2 3.69% $3,614
    USAA Federal Savings Bank 2 5.38% $5,129
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.75% $6,254
    Gulf Coast Community Federal Credit Union 1 6.38% $4,043
    Lakeview Community Capital, LLC 1 5.50% $2,832
    LAKEVIEW LOAN SERVICING, LLC 1 5.63% $4,744
    GUARANTEED RATE, INC. 1 5.38% $4,095
    Magnolia Bank 1 3.99% $8,595
    Mortgage Research Center, LLC 1 5.38% $1,390
    AMERICAN FINANCIAL RESOURCES, INC. 1 2.99% $4,756
    First Internet Bank of Indiana 1 3.00% $3,605
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $6,785
    First Horizon Bank 1 6.13% $3,095
    U.S. Bank 1 6.13% $5,969
    Ally Bank 1 3.13% $4,193
    North American Savings Bank, F.S.B. 1 4.88% $8,832
    Pelican State Credit Union 1 6.20% $2,724
    PHH Mortgage Corporation 1 5.88% $6,145
    FBT Mortgage, L.L.C. 1 4.50% $5,848
    DIGITAL Federal Credit Union 1 4.25% $2,528
    Colonial Savings, F.A. 1 5.75% $4,431
    BROKER SOLUTIONS, INC. 1 5.49% $5,700
    RELIANCE FIRST CAPITAL, LLC 1 2.88% $6,131
    Sierra Pacific Mortgage Company, Inc. 1 5.50% $7,320
    BETTER MORTGAGE CORPORATION 1 2.88% $3,812
    STOCKTON MORTGAGE CORPORATION 1 3.25% $4,231
    SUMMIT FUNDING, INC. 1 5.50% $5,751
    Synovus Bank 1 5.88% $7,286
    T2 FINANCIAL LLC 1 5.13% $10,478
    Truist 1 7.13% $6,679
    BancorpSouth Bank 1 5.38% $3,195
    AmeriHome Mortgage Company, LLC 1 5.99% $3,862
    HOME POINT FINANCIAL CORPORATION 1 3.99% $3,678
    AMERICAN FINANCING CORPORATION 1 4.00% $3,530
    Hometown Lenders, Inc. 1 4.25% $6,983
    HOPE FEDERAL CREDIT UNION 1 6.25% $5,212
    INLANTA MORTGAGE, INC. 1 4.50% $4,828
    Home Bank 1 7.38% $3,489

    Picayune Average Closing Costs & Other Stats

    Picayune, MS's 76 lenders originated 1,204 loans during 2022. The total origination value was $218,120,000, with an average loan value of $181,163.

    Picayune's average closing costs are $5,112.

    The top Picayune lender as defined by loan originations is QUICKEN LOANS, LLC, with 34 loans originated. Their average total fees are $6,296, which is $1,546 higher than the next largest lender, Regions Bank.

    The lowest fee Picayune lenders (with over 10 loans originated) are KEESLER ($3,427), BankPlus ($3,437), GMFS LLC ($4,402), Regions Bank ($4,750) and EUSTIS AND AMERICAN MORTGAGE COMPANY ($4,808).

    The lowest rate Picayune lenders (with over 10 loans originated) are KEESLER (4.01%), GMFS LLC (4.73%), LOANDEPOT.COM, LLC (4.84%), BankPlus (5.04%) and QUICKEN LOANS, LLC (5.06%).

    Picayune, MS 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
    QUICKEN LOANS, LLC $33,620,000 $17,005,000 -49.4% 7.8%
    PLANET HOME LENDING, LLC $24,850,000 $15,440,000 -37.9% 7.1%
    BankPlus $18,320,000 $13,495,000 -26.3% 6.2%
    GMFS LLC $18,165,000 $11,810,000 -35.0% 5.4%
    First National Bank of Picayune $8,095,000 $9,720,000 20.1% 4.5%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $10,520,000 $8,950,000 -14.9% 4.1%
    Regions Bank $5,840,000 $8,590,000 47.1% 3.9%
    KEESLER $8,035,000 $8,230,000 2.4% 3.8%
    Mortgage Research Center, LLC $5,920,000 $7,040,000 18.9% 3.2%
    Hancock Whitney Bank $9,630,000 $6,775,000 -29.6% 3.1%
    BancorpSouth Bank $270,000 $5,725,000 2,020.4% 2.6%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $2,635,000 $4,835,000 83.5% 2.2%
    LOANDEPOT.COM, LLC $7,940,000 $4,525,000 -43.0% 2.1%
    DRAPER AND KRAMER MORTGAGE CORP. $735,000 $4,115,000 459.9% 1.9%
    NAVY FEDERAL CREDIT UNION $2,630,000 $3,695,000 40.5% 1.7%
    UNION HOME MORTGAGE CORP. $4,805,000 $3,475,000 -27.7% 1.6%
    21ST MORTGAGE CORPORATION $2,705,000 $3,155,000 16.6% 1.4%
    UNITED WHOLESALE MORTGAGE, LLC $1,500,000 $3,060,000 104.0% 1.4%
    CMG MORTGAGE, INC. $6,805,000 $2,870,000 -57.8% 1.3%
    The First, A National Banking Association $1,535,000 $2,780,000 81.1% 1.3%
    Trustmark National Bank $1,100,000 $2,655,000 141.4% 1.2%
    Mr. Cooper ( Nationstar Mortgage ) $2,405,000 $2,570,000 6.9% 1.2%
    CROSSCOUNTRY MORTGAGE, LLC $2,285,000 $2,500,000 9.4% 1.1%
    CALIBER HOME LOANS, INC. $3,445,000 $2,300,000 -33.2% 1.1%
    FREEDOM MORTGAGE CORPORATION $10,815,000 $2,285,000 -78.9% 1.0%
    DELMAR FINANCIAL COMPANY $4,150,000 $2,125,000 -48.8% 1.0%
    MOVEMENT MORTGAGE, LLC $1,215,000 $2,065,000 70.0% 0.9%
    Flagstar Bank, FSB $1,885,000 $1,915,000 1.6% 0.9%
    PENNYMAC LOAN SERVICES, LLC $4,080,000 $1,885,000 -53.8% 0.9%
    Citizens Bank $260,000 $1,855,000 613.5% 0.9%
    Gulf Coast Bank and Trust Company $3,655,000 $1,750,000 -52.1% 0.8%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,675,000 $1,460,000 -12.8% 0.7%
    Wells Fargo Bank $3,635,000 $1,430,000 -60.7% 0.7%
    Citizens Savings Bank $765,000 $1,390,000 81.7% 0.6%
    Community Bank of Mississippi $625,000 $1,380,000 120.8% 0.6%
    USAA Federal Savings Bank $2,555,000 $1,325,000 -48.1% 0.6%
    JPMorgan Chase Bank $2,960,000 $1,320,000 -55.4% 0.6%
    FIDELITY BANK $2,100,000 $1,270,000 -39.5% 0.6%
    AMERISAVE MORTGAGE CORPORATION $2,750,000 $1,265,000 -54.0% 0.6%
    North American Savings Bank, F.S.B. $205,000 $1,070,000 422.0% 0.5%
    NEW DAY FINANCIAL, LLC $590,000 $1,020,000 72.9% 0.5%
    NEWREZ LLC $2,180,000 $1,020,000 -53.2% 0.5%
    BROKER SOLUTIONS, INC. $1,075,000 $1,005,000 -6.5% 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,160,000 $990,000 -68.7% 0.5%
    CSL Financial, LLC $55,000 $980,000 1,681.8% 0.4%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $985,000 $955,000 -3.0% 0.4%
    Southern Bancorp Bank $495,000 $945,000 90.9% 0.4%
    LAKEVIEW LOAN SERVICING, LLC $1,470,000 $905,000 -38.4% 0.4%
    Bank of England $1,610,000 $885,000 -45.0% 0.4%
    Magnolia Bank $525,000 $885,000 68.6% 0.4%
    TRIAD FINANCIAL SERVICES, INC. $780,000 $875,000 12.2% 0.4%
    First Federal Savings and Loan Association $810,000 n/a 0.4%
    HOMESIDE FINANCIAL, LLC $300,000 $780,000 160.0% 0.4%
    First South Farm Credit, ACA $770,000 n/a 0.4%
    NBKC BANK $715,000 n/a 0.3%
    BETTER MORTGAGE CORPORATION $300,000 $705,000 135.0% 0.3%
    FBT Mortgage, L.L.C. $415,000 $700,000 68.7% 0.3%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $590,000 $695,000 17.8% 0.3%
    SOUTHWEST STAGE FUNDING, LLC $605,000 $695,000 14.9% 0.3%
    STANDARD MORTGAGE CORPORATION $1,140,000 $690,000 -39.5% 0.3%
    HOME POINT FINANCIAL CORPORATION $1,650,000 $675,000 -59.1% 0.3%
    SUMMIT FUNDING, INC. $125,000 $655,000 424.0% 0.3%
    Wyndham Capital Mortgage, Inc. $650,000 n/a 0.3%
    INLANTA MORTGAGE, INC. $1,255,000 $640,000 -49.0% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $630,000 $610,000 -3.2% 0.3%
    Nations Lending Corporation $310,000 $530,000 71.0% 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $520,000 n/a 0.2%
    Citizens Bank $260,000 $520,000 100.0% 0.2%
    AmeriHome Mortgage Company, LLC $470,000 n/a 0.2%
    GSF Mortgage Corporation $365,000 $460,000 26.0% 0.2%
    XPLORE FEDERAL CREDIT UNION $460,000 n/a 0.2%
    EFCU FINANCIAL $425,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $595,000 $390,000 -34.5% 0.2%
    CIS Financial Services, Inc. $390,000 n/a 0.2%
    AMERICAN FINANCING CORPORATION $380,000 n/a 0.2%
    First Internet Bank of Indiana $365,000 n/a 0.2%
    U.S. Bank $415,000 $360,000 -13.3% 0.2%
    PREMIA MORTGAGE, LLC $475,000 $345,000 -27.4% 0.2%
    T2 FINANCIAL LLC $325,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $1,545,000 $320,000 -79.3% 0.1%
    GUILD MORTGAGE COMPANY $315,000 n/a 0.1%
    Tyndall Federal Credit Union $315,000 n/a 0.1%
    CHEVRON $135,000 $305,000 125.9% 0.1%
    Red River Bank $250,000 $305,000 22.0% 0.1%
    Wilson & Muir Bank & Trust Company $305,000 n/a 0.1%
    DIGITAL Federal Credit Union $300,000 n/a 0.1%
    Truist $165,000 $300,000 81.8% 0.1%
    EVERETT FINANCIAL, INC. $295,000 n/a 0.1%
    Home Bank $345,000 $285,000 -17.4% 0.1%
    Synovus Bank $285,000 n/a 0.1%
    RESOURCE FINANCIAL SERVICES, INC. $255,000 n/a 0.1%
    INTERLINC MORTGAGE SERVICES, LLC $295,000 $245,000 -16.9% 0.1%
    PACIFIC RESIDENTIAL MORTGAGE, LLC $240,000 n/a 0.1%
    Resource Bank $75,000 $240,000 220.0% 0.1%
    STOCKTON MORTGAGE CORPORATION $240,000 n/a 0.1%
    Heritage Bank of St Tammany $400,000 $235,000 -41.3% 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $95,000 $210,000 121.1% 0.1%
    Pelican State Credit Union $210,000 n/a 0.1%
    MORTGAGE FINANCIAL SERVICES, LLC $155,000 $205,000 32.3% 0.1%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $760,000 $195,000 -74.3% 0.1%
    Bank of America $880,000 $195,000 -77.8% 0.1%
    FirstBank $190,000 $195,000 2.6% 0.1%
    Goldwater Bank, N.A. $2,665,000 $195,000 -92.7% 0.1%
    SWBC MORTGAGE CORPORATION $195,000 n/a 0.1%
    BAYSHORE MORTGAGE FUNDING, LLC $185,000 n/a 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $235,000 $185,000 -21.3% 0.1%
    GUARANTEED RATE, INC. $320,000 $185,000 -42.2% 0.1%
    HOPE FEDERAL CREDIT UNION $175,000 $185,000 5.7% 0.1%
    PENTAGON FEDERAL CREDIT UNION $240,000 $185,000 -22.9% 0.1%
    Hometown Lenders, Inc. $235,000 $180,000 -23.4% 0.1%
    FLAT BRANCH MORTGAGE, INC. $175,000 n/a 0.1%
    Mid-Continent Funding, Inc. $175,000 n/a 0.1%
    Discover Bank $160,000 $170,000 6.3% 0.1%
    Colonial Savings, F.A. $165,000 n/a 0.1%
    First Horizon Bank $1,585,000 $165,000 -89.6% 0.1%
    PERFORMANCE MORTGAGE LLC $390,000 $165,000 -57.7% 0.1%
    Sierra Pacific Mortgage Company, Inc. $165,000 n/a 0.1%
    Wolfe Financial, Inc $155,000 n/a 0.1%
    APCI Federal Credit Union $145,000 n/a 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $145,000 n/a 0.1%
    Ally Bank $490,000 $135,000 -72.4% 0.1%
    CONTOUR MORTGAGE CORPORATION $135,000 n/a 0.1%
    PHH Mortgage Corporation $135,000 n/a 0.1%
    Gulf Coast Community Federal Credit Union $130,000 n/a 0.1%
    United Community Bank $130,000 n/a 0.1%
    Merchants & Marine Bank $125,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $165,000 $115,000 -30.3% 0.1%
    The Citizens Bank of Philadelphia, Mississippi $105,000 n/a 0.0%
    South State Bank $95,000 n/a 0.0%
    COUNTRYPLACE MORTGAGE, LTD. $150,000 $85,000 -43.3% 0.0%
    Lakeview Community Capital, LLC $75,000 n/a 0.0%
    LONGBRIDGE FINANCIAL, LLC $75,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $235,000 $65,000 -72.3% 0.0%
    SUNBELT Federal Credit Union $25,000 n/a 0.0%
    THE NEW ORLEANS FIREMEN'S FEDERAL CREDIT UNION $260,000 $25,000 -90.4% 0.0%
    Figure Lending LLC $15,000 n/a 0.0%

    Picayune's top lender by overall market share is QUICKEN LOANS, LLC, with 7.8% market share. In second place, with 7.1%, is PLANET HOME LENDING, LLC, having originated $15,440,000 in loans. In third place, with 6.2%, is BankPlus, having originated $13,495,000 in loans. In fourth place, with 5.4%, is GMFS LLC, having originated $11,810,000 in loans. In fifth place, with 4.5%, is First National Bank of Picayune, having originated $9,720,000 in loans.

    Picayune Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Picayune (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 $175,000 (-2.7%) $262,403 (12.4%) 0.00 316
    2018-02-01 $173,650 (-0.8%) $262,310 (12.5%) 0.00 318
    2018-03-01 $171,900 (-2.0%) $268,859 (14.6%) 0.00 310
    2018-04-01 $181,950 (5.8%) $275,722 (19.4%) 0.00 300
    2018-05-01 $182,075 (5.9%) $286,120 (22.5%) 0.00 309
    2018-06-01 $189,000 (9.0%) $287,590 (21.3%) 0.00 309
    2018-07-01 $186,875 (3.9%) $291,029 (20.4%) 0.00 297
    2018-08-01 $185,750 (2.1%) $290,111 (19.6%) 0.00 297
    2018-09-01 $182,700 (1.6%) $289,759 (20.0%) 0.00 304
    2018-10-01 $179,850 (-5.3%) $289,097 (15.4%) 0.00 287
    2018-11-01 $169,900 (-7.4%) $265,367 (5.6%) 0.00 286
    2018-12-01 $175,000 (-2.2%) $271,250 (3.3%) 0.00 277
    2019-01-01 $174,950 (0.0%) $263,796 (0.5%) 0.00 268
    2019-02-01 $179,900 (3.6%) $273,419 (4.2%) 0.00 273
    2019-03-01 $182,086 (5.9%) $277,547 (3.2%) 0.00 286
    2019-04-01 $185,000 (1.7%) $282,966 (2.6%) 0.00 294
    2019-05-01 $189,900 (4.3%) $286,558 (0.2%) 0.00 293
    2019-06-01 $189,900 (0.5%) $284,459 (-1.1%) 0.00 297
    2019-07-01 $180,450 (-3.4%) $266,249 (-8.5%) 0.00 297
    2019-08-01 $182,391 (-1.8%) $267,263 (-7.9%) 0.00 306
    2019-09-01 $186,502 (2.1%) $268,391 (-7.4%) 0.00 304
    2019-10-01 $188,893 (5.0%) $269,042 (-6.9%) 0.00 304
    2019-11-01 $179,900 (5.9%) $255,005 (-3.9%) 0.00 298
    2019-12-01 $172,500 (-1.4%) $244,449 (-9.9%) 0.00 284
    2020-01-01 $172,500 (-1.4%) $235,148 (-10.9%) 0.00 258
    2020-02-01 $174,950 (-2.8%) $237,137 (-13.3%) 0.00 260
    2020-03-01 $180,825 (-0.7%) $242,491 (-12.6%) 0.00 232
    2020-04-01 $186,000 (0.5%) $253,113 (-10.6%) 0.00 214
    2020-05-01 $199,900 (5.3%) $275,783 (-3.8%) 0.00 195
    2020-06-01 $197,500 (4.0%) $287,986 (1.2%) 0.00 178
    2020-07-01 $199,990 (10.8%) $288,707 (8.4%) 0.00 178
    2020-08-01 $207,000 (13.5%) $291,879 (9.2%) 0.00 160
    2020-09-01 $247,725 (32.8%) $305,905 (14.0%) 0.00 146
    2020-10-01 $214,950 (13.8%) $295,192 (9.7%) 0.00 150
    2020-11-01 $227,450 (26.4%) $307,365 (20.5%) 0.00 140
    2020-12-01 $227,450 (31.9%) $320,536 (31.1%) 0.00 144
    2021-01-01 $225,000 (30.4%) $315,414 (34.1%) 0.00 140
    2021-02-01 $227,350 (30.0%) $327,247 (38.0%) 0.00 126
    2021-03-01 $217,500 (20.3%) $331,255 (36.6%) 0.00 106
    2021-04-01 $235,750 (26.8%) $349,039 (37.9%) 0.00 87
    2021-05-01 $235,000 (17.6%) $429,542 (55.8%) 0.00 78
    2021-06-01 $239,250 (21.1%) $426,437 (48.1%) 0.00 85
    2021-07-01 $243,600 (21.8%) $502,786 (74.2%) 0.00 95
    2021-08-01 $228,000 (10.1%) $463,452 (58.8%) 0.00 100
    2021-09-01 $237,860 (-4.0%) $465,657 (52.2%) 0.00 103
    2021-10-01 $229,700 (6.9%) $388,212 (31.5%) 0.00 123
    2021-11-01 $224,900 (-1.1%) $380,161 (23.7%) 0.00 124
    2021-12-01 $237,080 (4.2%) $391,327 (22.1%) 0.00 112
    2022-01-01 $233,000 (3.6%) $402,965 (27.8%) 0.00 101
    2022-02-01 $228,000 (0.3%) $428,648 (31.0%) 0.00 89
    2022-03-01 $229,500 (5.5%) $430,398 (29.9%) 0.00 85
    2022-04-01 $250,050 (6.1%) $460,690 (32.0%) 0.00 85
    2022-05-01 $254,846 (8.5%) $442,764 (3.1%) 0.00 97
    2022-06-01 $260,000 (8.7%) $419,863 (-1.5%) 0.00 116
    2022-07-01 $262,500 (7.8%) $439,876 (-12.5%) 0.00 139
    2022-08-01 $259,296 (13.7%) $439,249 (-5.2%) 0.00 145
    2022-09-01 $258,725 (8.8%) $385,703 (-17.2%) 0.00 157
    2022-10-01 $269,450 (17.3%) $351,114 (-9.6%) 0.00 151
    2022-11-01 $266,125 (18.3%) $345,645 (-9.1%) 0.00 161
    2022-12-01 $265,250 (11.9%) $347,320 (-11.3%) 0.00 164
    2023-01-01 $261,330 (12.2%) $334,589 (-17.0%) 0.00 145
    2023-02-01 $259,923 (14.0%) $317,154 (-26.0%) 0.00 125
    Picayune's median listing price for 2023-02-01 was $259,923, a difference of $31,923 (14.0%) versus the prior year and $-1,407 versus the prior month.

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

    Picayune's average listing price for 2023-02-01 was $317,154, a difference of $-111,494 (-26.0%) versus the prior year and $-17,435 versus the prior month.

    For the 2023-02-01 period, Picayune had 125 MLS listings, a difference of -20 listings (-14%) versus the prior month and 36 listings (40%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Picayune (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,001 sqft
    2018-02-01 0 days 2,000 sqft
    2018-03-01 0 days 1,998 sqft
    2018-04-01 0 days 2,025 sqft
    2018-05-01 0 days 2,000 sqft
    2018-06-01 0 days 1,998 sqft
    2018-07-01 0 days 1,986 sqft
    2018-08-01 0 days 1,994 sqft
    2018-09-01 0 days 2,014 sqft
    2018-10-01 0 days 1,994 sqft
    2018-11-01 0 days 1,927 sqft
    2018-12-01 0 days 1,958 sqft
    2019-01-01 0 days 1,982 sqft
    2019-02-01 0 days 1,977 sqft
    2019-03-01 0 days 1,964 sqft
    2019-04-01 0 days 1,962 sqft
    2019-05-01 0 days 1,989 sqft
    2019-06-01 0 days 2,008 sqft
    2019-07-01 0 days 1,943 sqft
    2019-08-01 0 days 1,910 sqft
    2019-09-01 0 days 1,924 sqft
    2019-10-01 0 days 1,922 sqft
    2019-11-01 0 days 1,874 sqft
    2019-12-01 0 days 1,894 sqft
    2020-01-01 0 days 1,852 sqft
    2020-02-01 0 days 1,801 sqft
    2020-03-01 0 days 1,829 sqft
    2020-04-01 0 days 1,847 sqft
    2020-05-01 0 days 1,932 sqft
    2020-06-01 0 days 1,966 sqft
    2020-07-01 0 days 1,952 sqft
    2020-08-01 0 days 1,945 sqft
    2020-09-01 0 days 2,161 sqft
    2020-10-01 0 days 2,131 sqft
    2020-11-01 0 days 2,095 sqft
    2020-12-01 0 days 2,062 sqft
    2021-01-01 0 days 2,079 sqft
    2021-02-01 0 days 2,137 sqft
    2021-03-01 0 days 2,142 sqft
    2021-04-01 0 days 2,240 sqft
    2021-05-01 0 days 2,064 sqft
    2021-06-01 0 days 2,082 sqft
    2021-07-01 0 days 1,988 sqft
    2021-08-01 0 days 1,971 sqft
    2021-09-01 0 days 2,074 sqft
    2021-10-01 0 days 1,944 sqft
    2021-11-01 0 days 1,975 sqft
    2021-12-01 0 days 2,045 sqft
    2022-01-01 0 days 1,995 sqft
    2022-02-01 0 days 2,114 sqft
    2022-03-01 0 days 2,126 sqft
    2022-04-01 0 days 2,173 sqft
    2022-05-01 0 days 2,040 sqft
    2022-06-01 0 days 2,132 sqft
    2022-07-01 0 days 2,048 sqft
    2022-08-01 0 days 2,034 sqft
    2022-09-01 0 days 2,033 sqft
    2022-10-01 0 days 2,030 sqft
    2022-11-01 0 days 1,894 sqft
    2022-12-01 0 days 1,887 sqft
    2023-01-01 0 days 1,902 sqft
    2023-02-01 0 days 1,892 sqft
    Picayune's median listing age (time on market) for 2023-02-01 was 0 days.

    Picayune's median square footage for active listings during the 2023-02-01 period was 1,892 sqft. One year prior, the average listing was 2,114 sqft.

    Picayune, MS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 740 $145,870,000 $197,122
    Cash Out Refi 206 $32,550,000 $158,010
    Refi 158 $30,710,000 $194,367
    Other 53 $4,315,000 $81,415
    Home Improvement 47 $4,675,000 $99,468

    Picayune's most frequently cited loan purpose was Home Purchase, with 740 originations. The 2nd most popular reason was Cash Out Refi, with 206 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 262 $51,440,000 $196,336
    4-5% 229 $46,645,000 $203,690
    3-4% 227 $43,215,000 $190,374
    6-7% 166 $27,930,000 $168,253
    2.5-3% 82 $18,810,000 $229,390
    7-8% 56 $7,480,000 $133,571
    <2.5% 55 $5,375,000 $97,727
    Over 8% 33 $3,695,000 $111,970

    During 2022, Picayune's most frequently originated rate bucket was 5-6%, with 262 originations.

    Loan Sizing (Picayune, MS MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 504 $76,470,000 $151,726
    $200k-400k 409 $106,595,000 $260,623
    $100,000 or less 261 $16,185,000 $62,011
    $400k-600k 26 $12,310,000 $473,462
    $600k-1000k 3 $2,045,000 $681,667
    $Over $1MM 1 $4,515,000 $4,515,000

    Picayune's loan sizing saw the bucket of loans from $100k-200k with 504 originations, totaling $76,470,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 573 $118,445,000 $206,710
    60-80% 248 $50,260,000 $202,661
    40-60% 111 $16,405,000 $147,793
    20-40% 80 $7,370,000 $92,125
    Under 20% 50 $1,600,000 $32,000
    Over 100% 35 $8,905,000 $254,429

    Picayune's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 573 originations, totaling $118,445,000 in origination value.