Poplar Bluff Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Poplar Bluff averaged
7.01%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.74% and
one month ago for the week of 2024-10-03, the
average rate was 6.24%.
Poplar Bluff's average rate one year ago was 7.78%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.69%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Poplar Bluff 30 Year Fixed Rate | 2024-11-07 | 7.01% |
| Poplar Bluff 30 Year Fixed Rate Refi | 2024-11-07 | 6.69% |
| Poplar Bluff 15 Year Fixed Rate | 2024-11-07 | 6% |
| Poplar Bluff 15 Year Fixed Rate Refi | 2024-11-07 | 6.4% |
| Poplar Bluff 30 Year FHA | 2024-11-07 | 6.44% |
| Poplar Bluff 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Poplar Bluff 30 Year USDA | 2024-11-07 | 6.45% |
| Poplar Bluff 30 Year USDA Refi | 2024-11-07 | 6.28% |
| Poplar Bluff 30 Year VA | 2024-11-07 | 6.83% |
| Poplar Bluff 30 Year VA Refi | 2024-11-07 | 6.34% |
Poplar Bluff 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 Poplar Bluff, MO 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.).
Poplar Bluff Average Closing Costs & Other Stats
Poplar Bluff, MO's 34 lenders originated 816
loans during 2023. The total origination value was $118,940,000, with an average loan value of
$145,760.
Poplar Bluff's average closing costs are $4,104.
The top Poplar Bluff lender as defined by loan originations is Southern Bank, with
66 loans originated. Their average total fees are
$1,804, which is $3,539
lower than the next largest lender,
DAS Acquisition Company, LLC.
The lowest fee Poplar Bluff lenders (with over 10 loans originated) are
Southern Bank ($1,804), DAS Acquisition Company, LLC ($5,344), QUICKEN LOANS, LLC ($5,466), .
The lowest rate Poplar Bluff lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.75%), DAS Acquisition Company, LLC (6.79%), Southern Bank (7.25%), .
Poplar Bluff, MO 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 |
|---|---|---|---|---|
| Southern Bank | $34,790,000 | $23,245,000 | -33.2% | 19.5% |
| First Midwest Bank of Poplar Bluff | $23,295,000 | $20,155,000 | -13.5% | 16.9% |
| DAS Acquisition Company, LLC | $23,570,000 | $16,100,000 | -31.7% | 13.5% |
| Flanagan State Bank | $11,940,000 | $9,125,000 | -23.6% | 7.7% |
| Peoples Community Bank | $17,995,000 | $8,530,000 | -52.6% | 7.2% |
| Mortgage Research Center, LLC | $4,060,000 | $5,120,000 | 26.1% | 4.3% |
| QUICKEN LOANS, LLC | $5,330,000 | $4,325,000 | -18.9% | 3.6% |
| FLAT BRANCH MORTGAGE, INC. | $6,795,000 | $3,595,000 | -47.1% | 3.0% |
| Sterling Bank | $3,400,000 | n/a | 2.9% | |
| The Bank of Missouri | $3,810,000 | $2,260,000 | -40.7% | 1.9% |
| U.S. Bank | $1,180,000 | $1,555,000 | 31.8% | 1.3% |
| The Central Trust Bank | $730,000 | $1,255,000 | 71.9% | 1.1% |
| NAVY FEDERAL CREDIT UNION | $1,600,000 | $1,075,000 | -32.8% | 0.9% |
| Members Mortgage Services, L.L.C. | $855,000 | $885,000 | 3.5% | 0.7% |
| Montgomery Bank | $860,000 | n/a | 0.7% | |
| USAA Federal Savings Bank | $525,000 | $825,000 | 57.1% | 0.7% |
| Bank of England | $420,000 | $790,000 | 88.1% | 0.7% |
| BROKER SOLUTIONS, INC. | $625,000 | $730,000 | 16.8% | 0.6% |
| Commerce Bank | $1,735,000 | $660,000 | -62.0% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $2,200,000 | $655,000 | -70.2% | 0.6% |
| PLANET HOME LENDING, LLC | $85,000 | $630,000 | 641.2% | 0.5% |
| Wells Fargo Bank | $575,000 | $605,000 | 5.2% | 0.5% |
| Stifel Bank and Trust | $595,000 | n/a | 0.5% | |
| Northpointe Bank | $565,000 | n/a | 0.5% | |
| ZILLOW HOME LOANS, LLC | $530,000 | n/a | 0.4% | |
| NEWREZ LLC | $145,000 | $510,000 | 251.7% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $755,000 | $500,000 | -33.8% | 0.4% |
| LOANPAL, LLC | $440,000 | n/a | 0.4% | |
| Alliance Bank | $225,000 | $395,000 | 75.6% | 0.3% |
| Magnolia Bank | $125,000 | $380,000 | 204.0% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $190,000 | $345,000 | 81.6% | 0.3% |
| NEW DAY FINANCIAL, LLC | $260,000 | $320,000 | 23.1% | 0.3% |
| GERSHMAN INVESTMENT CORP. | $560,000 | $280,000 | -50.0% | 0.2% |
| GUARANTEED RATE, INC. | $280,000 | n/a | 0.2% | |
| COMPEER FINANCIAL, FLCA | $275,000 | n/a | 0.2% | |
| 21ST MORTGAGE CORPORATION | $860,000 | $265,000 | -69.2% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $265,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $310,000 | $255,000 | -17.7% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $255,000 | n/a | 0.2% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $255,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $540,000 | $250,000 | -53.7% | 0.2% |
| Hawthorn Bank | $245,000 | n/a | 0.2% | |
| Farm Credit Mid-America, ACA | $235,000 | n/a | 0.2% | |
| SIRVA MORTGAGE, INC. | $235,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $225,000 | n/a | 0.2% | |
| LOANDEPOT.COM, LLC | $810,000 | $220,000 | -72.8% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $220,000 | $210,000 | -4.5% | 0.2% |
| Mid-Continent Funding, Inc. | $205,000 | n/a | 0.2% | |
| Union Bank and Trust Company | $205,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $175,000 | $190,000 | 8.6% | 0.2% |
| BMO Harris Bank | $185,000 | n/a | 0.2% | |
| Arvest Bank | $270,000 | $175,000 | -35.2% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $165,000 | n/a | 0.1% | |
| First State Community Bank | $350,000 | $160,000 | -54.3% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $345,000 | $155,000 | -55.1% | 0.1% |
| Truist | $155,000 | n/a | 0.1% | |
| First Midwest Bank of Dexter | $685,000 | $150,000 | -78.1% | 0.1% |
| First Bank | $145,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $135,000 | n/a | 0.1% | |
| Bank of America | $185,000 | $115,000 | -37.8% | 0.1% |
| Bloomsdale Bank | $115,000 | n/a | 0.1% | |
| FOUR POINTS | $115,000 | n/a | 0.1% | |
| MISSOURI Credit Union | $195,000 | $115,000 | -41.0% | 0.1% |
| FIRST COMMUNITY | $285,000 | $110,000 | -61.4% | 0.1% |
| First National Bank | $105,000 | n/a | 0.1% | |
| GUILD MORTGAGE COMPANY | $445,000 | $95,000 | -78.7% | 0.1% |
| T2 FINANCIAL LLC | $185,000 | $95,000 | -48.6% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $85,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $125,000 | $85,000 | -32.0% | 0.1% |
| GREENSTATE CREDIT UNION | $75,000 | n/a | 0.1% | |
| Sullivan Bank | $75,000 | n/a | 0.1% | |
| Ottawa Savings Bank | $65,000 | n/a | 0.1% | |
| Focus Bank | $195,000 | $55,000 | -71.8% | 0.0% |
| GSF Mortgage Corporation | $55,000 | n/a | 0.0% | |
| JPMorgan Chase Bank | $430,000 | $55,000 | -87.2% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $120,000 | $55,000 | -54.2% | 0.0% |
Poplar Bluff's top lender by overall market share is Southern Bank, with 19.5% market share. In second place, with 16.9%, is First Midwest Bank of Poplar Bluff, having originated $20,155,000 in loans. In third place, with 13.5%, is DAS Acquisition Company, LLC, having originated $16,100,000 in loans. In fourth place, with 7.7%, is Flanagan State Bank, having originated $9,125,000 in loans. In fifth place, with 7.2%, is Peoples Community Bank, having originated $8,530,000 in loans.
Poplar Bluff, MO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 562 | $87,840,000 | $156,299 |
| Refi | 101 | $16,785,000 | $166,188 |
| Cash Out Refi | 62 | $7,530,000 | $121,452 |
| Home Improvement | 46 | $2,940,000 | $63,913 |
| Other | 45 | $3,845,000 | $85,444 |
Poplar Bluff's most frequently cited loan purpose was Home Purchase, with 562 originations. The 2nd most popular reason was Refi, with 101 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 252 | $40,530,000 | $160,833 |
| 7-8% | 172 | $25,940,000 | $150,814 |
| Over 8% | 90 | $9,140,000 | $101,556 |
| 5-6% | 44 | $7,590,000 | $172,500 |
| 4-5% | 6 | $1,350,000 | $225,000 |
| 2.5-3% | 2 | $380,000 | $190,000 |
| 3-4% | 1 | $25,000 | $25,000 |
During 2023, Poplar Bluff's most frequently originated rate bucket was 6-7%, with 252 originations.
Loan Sizing (Poplar Bluff, MO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 336 | $19,950,000 | $59,375 |
| $100k-200k | 309 | $44,135,000 | $142,832 |
| $200k-400k | 147 | $40,035,000 | $272,347 |
| $400k-600k | 19 | $9,035,000 | $475,526 |
| $600k-1000k | 3 | $2,085,000 | $695,000 |
| $Over $1MM | 2 | $3,700,000 | $1,850,000 |
Poplar Bluff's loan sizing saw the bucket of loans from $100,000 or less with 336 originations, totaling $19,950,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 321 | $51,095,000 | $159,174 |
| 60-80% | 112 | $19,220,000 | $171,607 |
| 40-60% | 53 | $7,725,000 | $145,755 |
| 20-40% | 46 | $3,720,000 | $80,870 |
| Under 20% | 26 | $1,210,000 | $46,538 |
| Over 100% | 8 | $1,870,000 | $233,750 |
Poplar Bluff's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 321 originations, totaling $51,095,000 in origination value.