Pierre 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 Pierre averaged 6.6% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 6.41% and one month ago for the week of 2025-02-27, the average rate was 6.52%.

    Pierre's average rate one year ago was 6.55%.

    For refis of the same type during the week of 2025-04-03, the average rate was 6.64%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Pierre, SD.

    Pierre 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 Pierre, SD 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    BANKWEST, INC. 43 6.47% $6,434
    American Bank & Trust 17 6.82% $3,175
    First Dakota National Bank 13 6.62% $2,779
    Plains Commerce Bank 7 6.89% $6,329
    QUICKEN LOANS, LLC 7 6.48% $6,990
    U.S. Bank 3 6.38% $3,064
    BLACK HILLS FEDERAL CREDIT UNION 3 6.33% $6,187
    Farm Credit Mid-America, ACA 2 7.06% $9,951
    First Bank & Trust 1 6.99% $9,627
    CORTRUST MORTGAGE, INC. 1 7.00% $4,376
    First Federal Bank 1 6.50% $2,237
    First International Bank & Trust 1 4.75% $2,658
    First National Bank of Omaha 1 6.50% $3,742
    GREENSTATE CREDIT UNION 1 7.00% $3,226
    Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $9,422
    CMG MORTGAGE, INC. 1 7.38% $3,222
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.50% $8,378
    Quontic Bank 1 10.38% $9,670
    The Federal Savings Bank 1 7.50% $3,626
    The Huntington National Bank 1 6.38% $6,276
    UNITED WHOLESALE MORTGAGE, LLC 1 8.00% $13,059
    AMERICAN FINANCING CORPORATION 1 6.63% $4,333

    Pierre Average Closing Costs & Other Stats

    Pierre, SD's 22 lenders originated 319 loans during 2024. The total origination value was $69,195,000, with an average loan value of $216,912.

    Pierre's average closing costs are $4,854.

    The top Pierre lender as defined by loan originations is BANKWEST, INC., with 43 loans originated. Their average total fees are $6,434, which is $3,259 higher than the next largest lender, American Bank & Trust.

    The lowest fee Pierre lenders (with over 10 loans originated) are First Dakota National Bank ($2,779), American Bank & Trust ($3,175), BANKWEST, INC. ($6,434), .

    The lowest rate Pierre lenders (with over 10 loans originated) are BANKWEST, INC. (6.47%), First Dakota National Bank (6.62%), American Bank & Trust (6.82%), .

    Pierre, SD 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    BANKWEST, INC. $19,630,000 $24,015,000 22.3% 34.7%
    First National Bank $5,495,000 $5,945,000 8.2% 8.6%
    American Bank & Trust $7,310,000 $5,470,000 -25.2% 7.9%
    First Dakota National Bank $5,735,000 $5,215,000 -9.1% 7.5%
    Plains Commerce Bank $3,030,000 $5,115,000 68.8% 7.4%
    QUICKEN LOANS, LLC $2,735,000 $3,130,000 14.4% 4.5%
    BLACK HILLS FEDERAL CREDIT UNION $3,215,000 $2,165,000 -32.7% 3.1%
    Mortgage Research Center, LLC $825,000 $1,900,000 130.3% 2.7%
    Farm Credit Mid-America, ACA $1,675,000 n/a 2.4%
    KS StateBank $1,425,000 n/a 2.1%
    U.S. Bank $710,000 $1,090,000 53.5% 1.6%
    Paramount Residential Mortgage Group, Inc. $275,000 $760,000 176.4% 1.1%
    Granite Community Bank $720,000 n/a 1.0%
    First Bank & Trust $155,000 $565,000 264.5% 0.8%
    NAVY FEDERAL CREDIT UNION $55,000 $560,000 918.2% 0.8%
    Mr. Cooper ( Nationstar Mortgage ) $500,000 n/a 0.7%
    Black Hills Community Bank $485,000 n/a 0.7%
    CMG MORTGAGE, INC. $510,000 $475,000 -6.9% 0.7%
    USAA Federal Savings Bank $265,000 $465,000 75.5% 0.7%
    FREEDOM MORTGAGE CORPORATION $215,000 $430,000 100.0% 0.6%
    PENNYMAC LOAN SERVICES, LLC $350,000 $420,000 20.0% 0.6%
    The Federal Savings Bank $415,000 n/a 0.6%
    21ST MORTGAGE CORPORATION $235,000 $395,000 68.1% 0.6%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $395,000 n/a 0.6%
    CROSSCOUNTRY MORTGAGE, LLC $485,000 $375,000 -22.7% 0.5%
    CU MORTGAGE DIRECT, LLC $370,000 n/a 0.5%
    Quontic Bank $325,000 n/a 0.5%
    First International Bank & Trust $125,000 $320,000 156.0% 0.5%
    NEW DAY FINANCIAL, LLC $315,000 n/a 0.5%
    The Huntington National Bank $265,000 n/a 0.4%
    UNITED WHOLESALE MORTGAGE, LLC $430,000 $265,000 -38.4% 0.4%
    GUARANTEED RATE, INC. $245,000 n/a 0.4%
    LAKEVIEW LOAN SERVICING, LLC $235,000 $245,000 4.3% 0.4%
    AMERICAN PACIFIC MORTGAGE CORPORATION $235,000 n/a 0.3%
    GREENSTATE CREDIT UNION $225,000 n/a 0.3%
    M&T Bank $195,000 n/a 0.3%
    AMERICAN FINANCING CORPORATION $185,000 n/a 0.3%
    First National Bank of Omaha $185,000 n/a 0.3%
    CORTRUST MORTGAGE, INC. $355,000 $175,000 -50.7% 0.3%
    HIGHMARK $490,000 $175,000 -64.3% 0.3%
    LOANDEPOT.COM, LLC $165,000 $165,000 0.0% 0.2%
    Pioneer Bank & Trust $155,000 n/a 0.2%
    Reliabank Dakota $265,000 $155,000 -41.5% 0.2%
    Ally Bank $145,000 n/a 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $235,000 $135,000 -42.6% 0.2%
    First Federal Bank $125,000 n/a 0.2%
    Discover Bank $200,000 $120,000 -40.0% 0.2%
    Deere Employees Credit Union $65,000 n/a 0.1%
    The Loan Store, Inc. $65,000 n/a 0.1%
    Coastal Community Bank $25,000 $55,000 120.0% 0.1%
    Toyota Financial Savings Bank $55,000 n/a 0.1%
    Figure Lending LLC $45,000 $45,000 0.0% 0.1%
    First Interstate Bank $45,000 n/a 0.1%
    PLANET HOME LENDING, LLC $35,000 n/a 0.1%

    Pierre's top lender by overall market share is BANKWEST, INC., with 34.7% market share. In second place, with 8.6%, is First National Bank, having originated $5,945,000 in loans. In third place, with 7.9%, is American Bank & Trust, having originated $5,470,000 in loans. In fourth place, with 7.5%, is First Dakota National Bank, having originated $5,215,000 in loans. In fifth place, with 7.4%, is Plains Commerce Bank, having originated $5,115,000 in loans.

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

    Realtor.com - Pierre (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 $188,000 (-7.4%) $245,261 (-8.7%) 0.00 100
    2018-02-01 $192,375 (-5.7%) $247,617 (-5.2%) 0.00 106
    2018-03-01 $188,500 (-3.3%) $245,282 (-0.8%) 0.00 110
    2018-04-01 $203,125 (-3.3%) $255,891 (1.4%) 0.00 121
    2018-05-01 $211,500 (5.8%) $259,444 (1.8%) 0.00 124
    2018-06-01 $197,800 (3.8%) $257,158 (3.9%) 0.00 118
    2018-07-01 $212,500 (11.8%) $260,425 (5.0%) 0.00 125
    2018-08-01 $228,475 (20.7%) $274,113 (11.9%) 0.00 128
    2018-09-01 $229,000 (23.9%) $273,029 (13.5%) 0.00 129
    2018-10-01 $229,425 (24.1%) $271,904 (12.3%) 0.00 127
    2018-11-01 $239,225 (29.7%) $274,152 (10.0%) 0.00 118
    2018-12-01 $229,900 (26.0%) $272,276 (9.4%) 0.00 116
    2019-01-01 $229,450 (22.1%) $271,470 (10.7%) 0.00 112
    2019-02-01 $235,000 (22.2%) $274,122 (10.7%) 0.00 107
    2019-03-01 $222,843 (18.2%) $266,178 (8.5%) 0.00 104
    2019-04-01 $217,993 (7.3%) $261,349 (2.1%) 0.00 105
    2019-05-01 $228,750 (8.2%) $261,974 (1.0%) 0.00 123
    2019-06-01 $251,500 (27.2%) $272,930 (6.1%) 0.00 123
    2019-07-01 $263,750 (24.1%) $281,964 (8.3%) 0.00 120
    2019-08-01 $265,182 (16.1%) $285,563 (4.2%) 0.00 116
    2019-09-01 $261,705 (14.3%) $285,147 (4.4%) 0.00 116
    2019-10-01 $259,386 (13.1%) $290,119 (6.7%) 0.00 115
    2019-11-01 $259,000 (8.3%) $296,082 (8.0%) 0.00 113
    2019-12-01 $277,500 (20.7%) $307,917 (13.1%) 0.00 90
    2020-01-01 $280,000 (22.0%) $311,843 (14.9%) 0.00 82
    2020-02-01 $289,750 (23.3%) $313,810 (14.5%) 0.00 76
    2020-03-01 $276,200 (23.9%) $310,043 (16.5%) 0.00 59
    2020-04-01 $272,375 (25.0%) $326,249 (24.8%) 0.00 56
    2020-05-01 $297,250 (30.0%) $353,007 (34.8%) 0.00 60
    2020-06-01 $312,725 (24.3%) $351,509 (28.8%) 0.00 67
    2020-07-01 $303,000 (14.9%) $352,103 (24.9%) 0.00 64
    2020-08-01 $307,000 (15.8%) $356,188 (24.7%) 0.00 61
    2020-09-01 $257,000 (-1.8%) $344,785 (20.9%) 0.00 59
    2020-10-01 $279,500 (7.8%) $344,502 (18.7%) 0.00 57
    2020-11-01 $244,950 (-5.4%) $340,063 (14.9%) 0.00 54
    2020-12-01 $277,500 (0.0%) $341,515 (10.9%) 0.00 50
    2021-01-01 $252,400 (-9.9%) $328,658 (5.4%) 0.00 45
    2021-02-01 $262,400 (-9.4%) $340,234 (8.4%) 0.00 38
    2021-03-01 $224,975 (-18.6%) $292,533 (-5.7%) 0.00 36
    2021-04-01 $192,300 (-29.4%) $275,095 (-15.7%) 0.00 27
    2021-05-01 $194,450 (-34.6%) $282,773 (-19.9%) 0.00 25
    2021-06-01 $272,450 (-12.9%) $320,362 (-8.9%) 0.00 21
    2021-07-01 $298,900 (-1.4%) $354,665 (0.7%) 0.00 24
    2021-08-01 $257,000 (-16.3%) $316,137 (-11.2%) 0.00 28
    2021-09-01 $293,750 (14.3%) $331,163 (-4.0%) 0.00 23
    2021-10-01 $330,000 (18.1%) $335,772 (-2.5%) 0.00 23
    2021-11-01 $347,000 (41.7%) $366,872 (7.9%) 0.00 21
    2021-12-01 $363,725 (31.1%) $368,159 (7.8%) 0.00 14
    2022-01-01 $385,000 (52.5%) $373,613 (13.7%) 0.00 12
    2022-02-01 $379,950 (44.8%) $370,494 (8.9%) 0.00 12
    2022-03-01 $388,500 (72.7%) $412,542 (41.0%) 0.00 18
    2022-04-01 $389,900 (102.8%) $409,653 (48.9%) 0.00 12
    2022-05-01 $345,500 (77.7%) $419,274 (48.3%) 0.00 14
    2022-06-01 $384,500 (41.1%) $442,353 (38.1%) 0.00 17
    2022-07-01 $349,500 (16.9%) $391,350 (10.3%) 0.00 23
    2022-08-01 $353,500 (37.6%) $401,266 (26.9%) 0.00 28
    2022-09-01 $360,000 (22.6%) $414,856 (25.3%) 0.00 22
    2022-10-01 $360,000 (9.1%) $403,967 (20.3%) 0.00 18
    2022-11-01 $344,225 (-0.8%) $397,354 (8.3%) 0.00 26
    2022-12-01 $370,000 (1.7%) $416,670 (13.2%) 0.00 20
    2023-01-01 $360,000 (-6.5%) $404,105 (8.2%) 0.00 17
    2023-02-01 $375,000 (-1.3%) $412,477 (11.3%) 0.00 14
    2023-03-01 $347,500 (-10.6%) $464,717 (12.7%) 0.00 22
    2023-04-01 $340,000 (-12.8%) $526,498 (28.5%) 0.00 25
    2023-05-01 $328,750 (-4.9%) $490,559 (17.0%) 0.00 28
    2023-06-01 $340,000 (-11.6%) $517,070 (16.9%) 0.00 32
    2023-07-01 $340,000 (-2.7%) $519,789 (32.8%) 0.00 35
    2023-08-01 $377,200 (6.7%) $516,103 (28.6%) 0.00 40
    2023-09-01 $374,250 (4.0%) $435,518 (5.0%) 0.00 35
    2023-10-01 $296,000 (-17.8%) $388,690 (-3.8%) 0.00 28
    2023-11-01 $287,425 (-16.5%) $369,965 (-6.9%) 0.00 33
    2023-12-01 $284,950 (-23.0%) $352,119 (-15.5%) 0.00 33
    2024-01-01 $313,250 (-13.0%) $413,261 (2.3%) 0.00 30
    2024-02-01 $344,500 (-8.1%) $436,758 (5.9%) 0.00 21
    2024-03-01 $369,000 (6.2%) $453,544 (-2.4%) 0.00 27
    2024-04-01 $368,000 (8.2%) $425,068 (-19.3%) 0.00 30
    2024-05-01 $353,750 (7.6%) $434,451 (-11.4%) 0.00 28
    2024-06-01 $360,000 (5.9%) $511,418 (-1.1%) 0.00 34
    2024-07-01 $374,450 (10.1%) $519,296 (-0.1%) 0.00 34
    2024-08-01 $344,500 (-8.7%) $499,366 (-3.2%) 0.00 38
    2024-09-01 $330,000 (-11.8%) $466,827 (7.2%) 0.00 41
    2024-10-01 $320,000 (8.1%) $903,974 (132.6%) 0.00 37
    2024-11-01 $352,450 (22.6%) $955,069 (158.2%) 0.00 36
    2024-12-01 $346,225 (21.5%) $900,659 (155.8%) 0.00 41
    2025-01-01 $352,500 (12.5%) $878,244 (112.5%) 0.00 42
    2025-02-01 $355,000 (3.1%) $897,826 (105.6%) 0.00 40
    2025-03-01 $337,250 (-8.6%) $774,728 (70.8%) 0.00 36
    Pierre's median listing price for 2025-03-01 was $337,250, a difference of $-31,750 (-8.6%) versus the prior year and $-17,750 versus the prior month.

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

    Pierre's average listing price for 2025-03-01 was $774,728, a difference of $321,184 (70.8%) versus the prior year and $-123,098 versus the prior month.

    For the 2025-03-01 period, Pierre had 36 MLS listings, a difference of -4 listings (-10%) versus the prior month and 9 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Pierre (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,321 sqft
    2018-02-01 0 days 1,355 sqft
    2018-03-01 0 days 1,290 sqft
    2018-04-01 0 days 1,389 sqft
    2018-05-01 0 days 1,389 sqft
    2018-06-01 0 days 1,355 sqft
    2018-07-01 0 days 1,344 sqft
    2018-08-01 0 days 1,454 sqft
    2018-09-01 0 days 1,479 sqft
    2018-10-01 0 days 1,462 sqft
    2018-11-01 0 days 1,462 sqft
    2018-12-01 0 days 1,420 sqft
    2019-01-01 0 days 1,456 sqft
    2019-02-01 0 days 1,406 sqft
    2019-03-01 0 days 1,341 sqft
    2019-04-01 0 days 1,304 sqft
    2019-05-01 0 days 1,343 sqft
    2019-06-01 0 days 1,434 sqft
    2019-07-01 0 days 1,475 sqft
    2019-08-01 0 days 1,492 sqft
    2019-09-01 0 days 1,490 sqft
    2019-10-01 0 days 1,488 sqft
    2019-11-01 0 days 1,488 sqft
    2019-12-01 0 days 1,580 sqft
    2020-01-01 0 days 1,600 sqft
    2020-02-01 0 days 1,600 sqft
    2020-03-01 0 days 1,491 sqft
    2020-04-01 0 days 1,480 sqft
    2020-05-01 0 days 1,602 sqft
    2020-06-01 0 days 1,624 sqft
    2020-07-01 0 days 1,608 sqft
    2020-08-01 0 days 1,584 sqft
    2020-09-01 0 days 1,488 sqft
    2020-10-01 0 days 1,488 sqft
    2020-11-01 0 days 1,420 sqft
    2020-12-01 0 days 1,487 sqft
    2021-01-01 0 days 1,438 sqft
    2021-02-01 0 days 1,376 sqft
    2021-03-01 0 days 1,216 sqft
    2021-04-01 0 days 1,389 sqft
    2021-05-01 0 days 1,378 sqft
    2021-06-01 0 days 1,436 sqft
    2021-07-01 0 days 1,312 sqft
    2021-08-01 0 days 1,392 sqft
    2021-09-01 0 days 1,514 sqft
    2021-10-01 0 days 1,476 sqft
    2021-11-01 0 days 1,720 sqft
    2021-12-01 0 days 1,684 sqft
    2022-01-01 0 days 1,653 sqft
    2022-02-01 0 days 1,760 sqft
    2022-03-01 0 days 1,645 sqft
    2022-04-01 0 days 1,714 sqft
    2022-05-01 0 days 1,540 sqft
    2022-06-01 0 days 1,774 sqft
    2022-07-01 0 days 1,664 sqft
    2022-08-01 0 days 1,545 sqft
    2022-09-01 0 days 1,605 sqft
    2022-10-01 0 days 1,633 sqft
    2022-11-01 0 days 1,536 sqft
    2022-12-01 0 days 1,540 sqft
    2023-01-01 0 days 1,526 sqft
    2023-02-01 0 days 1,578 sqft
    2023-03-01 0 days 1,526 sqft
    2023-04-01 0 days 1,511 sqft
    2023-05-01 0 days 1,540 sqft
    2023-06-01 0 days 1,568 sqft
    2023-07-01 0 days 1,511 sqft
    2023-08-01 0 days 1,520 sqft
    2023-09-01 0 days 1,538 sqft
    2023-10-01 0 days 1,418 sqft
    2023-11-01 0 days 1,244 sqft
    2023-12-01 0 days 1,260 sqft
    2024-01-01 0 days 1,260 sqft
    2024-02-01 0 days 1,357 sqft
    2024-03-01 0 days 1,357 sqft
    2024-04-01 0 days 1,252 sqft
    2024-05-01 0 days 1,184 sqft
    2024-06-01 0 days 1,292 sqft
    2024-07-01 0 days 1,323 sqft
    2024-08-01 0 days 1,256 sqft
    2024-09-01 0 days 1,302 sqft
    2024-10-01 0 days 1,256 sqft
    2024-11-01 0 days 1,212 sqft
    2024-12-01 0 days 1,263 sqft
    2025-01-01 0 days 1,269 sqft
    2025-02-01 0 days 1,212 sqft
    2025-03-01 0 days 1,251 sqft
    Pierre's median listing age (time on market) for 2025-03-01 was 0 days.

    Pierre's median square footage for active listings during the 2025-03-01 period was 1,251 sqft. One year prior, the average listing was 1,357 sqft.

    Pierre, SD Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 212 $54,050,000 $254,953
    Refi 36 $7,380,000 $205,000
    Home Improvement 34 $1,920,000 $56,471
    Cash Out Refi 24 $4,880,000 $203,333
    Other 13 $965,000 $74,231

    Pierre's most frequently cited loan purpose was Home Purchase, with 212 originations. The 2nd most popular reason was Refi, with 36 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 119 $33,665,000 $282,899
    Over 8% 69 $7,805,000 $113,116
    5-6% 41 $10,135,000 $247,195
    7-8% 41 $9,545,000 $232,805
    2.5-3% 11 $545,000 $49,545
    <2.5% 7 $65,000 $9,286
    4-5% 3 $675,000 $225,000

    During 2024, Pierre's most frequently originated rate bucket was 6-7%, with 119 originations.

    Loan Sizing (Pierre, SD MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 120 $34,590,000 $288,250
    $100k-200k 94 $14,490,000 $154,149
    $100,000 or less 76 $3,580,000 $47,105
    $400k-600k 21 $9,655,000 $459,762
    $600k-1000k 6 $4,210,000 $701,667
    $Over $1MM 2 $2,670,000 $1,335,000

    Pierre's loan sizing saw the bucket of loans from $200k-400k with 120 originations, totaling $34,590,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 132 $35,920,000 $272,121
    60-80% 58 $14,500,000 $250,000
    Under 20% 45 $1,755,000 $39,000
    20-40% 30 $3,260,000 $108,667
    40-60% 21 $5,515,000 $262,619
    Over 100% 3 $1,035,000 $345,000

    Pierre's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 132 originations, totaling $35,920,000 in origination value.