Price Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Price averaged
5.9%
for the week of 2024-10-03, compared to the national average of
6.12% for the same period.
The average rate for the prior week (2024-09-26) was
5.96% and
one month ago for the week of 2024-08-29, the
average rate was 6.13%.
Price's average rate one year ago was 7.39%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.72%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Price 30 Year Fixed Rate | 2024-10-03 | 5.9% |
Price 30 Year Fixed Rate Refi | 2024-10-03 | 6.72% |
Price 15 Year Fixed Rate | 2024-10-03 | 5.15% |
Price 15 Year Fixed Rate Refi | 2024-10-03 | 5.45% |
Price 30 Year FHA | 2024-10-03 | 6.15% |
Price 30 Year FHA Refi | 2024-10-03 | 5.69% |
Price 30 Year USDA | 2024-10-03 | 5.77% |
Price 30 Year USDA Refi | 2024-10-03 | 5.97% |
Price 30 Year VA | 2024-10-03 | 5.8% |
Price 30 Year VA Refi | 2024-10-03 | 5.8% |
Price 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 Price, UT 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.).
Price Average Closing Costs & Other Stats
Price, UT's 40 lenders originated 512
loans during 2023. The total origination value was $87,660,000, with an average loan value of
$171,211.
Price's average closing costs are $5,281.
The top Price lender as defined by loan originations is Utah Power, with
20 loans originated. Their average total fees are
$4,544, which is $1,279
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Price lenders (with over 10 loans originated) are
Utah Power ($4,544), Bank of Utah ($5,116), UNITED WHOLESALE MORTGAGE, LLC ($5,823), SECURITY HOME MORTGAGE, LLC. ($6,028) and QUICKEN LOANS, LLC ($6,460).
The lowest rate Price lenders (with over 10 loans originated) are
Utah Power (5.66%), QUICKEN LOANS, LLC (6.80%), SECURITY HOME MORTGAGE, LLC. (6.85%), Bank of Utah (6.91%) and UNITED WHOLESALE MORTGAGE, LLC (7.10%).
Price, UT 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 |
---|---|---|---|---|
SECURITY HOME MORTGAGE, LLC. | $2,190,000 | $14,430,000 | 558.9% | 16.5% |
Bank of Utah | $10,475,000 | $8,735,000 | -16.6% | 10.0% |
Utah Power | $7,405,000 | $7,590,000 | 2.5% | 8.7% |
UNITED WHOLESALE MORTGAGE, LLC | $7,370,000 | $7,475,000 | 1.4% | 8.5% |
MOUNTAIN AMERICA | $11,900,000 | $6,960,000 | -41.5% | 7.9% |
QUICKEN LOANS, LLC | $6,905,000 | $5,195,000 | -24.8% | 5.9% |
BROKER SOLUTIONS, INC. | $3,355,000 | $3,590,000 | 7.0% | 4.1% |
Zions Bank | $2,195,000 | $3,555,000 | 62.0% | 4.1% |
U.S. Bank | $355,000 | $2,365,000 | 566.2% | 2.7% |
INTERCAP LENDING INC. | $4,120,000 | $2,205,000 | -46.5% | 2.5% |
AMERICA FIRST | $1,340,000 | $2,170,000 | 61.9% | 2.5% |
Washington Federal Bank | $2,290,000 | $1,710,000 | -25.3% | 2.0% |
FIRST COLONY MORTGAGE CORPORATION | $2,710,000 | $1,380,000 | -49.1% | 1.6% |
Cache Valley Bank | $1,200,000 | $1,275,000 | 6.3% | 1.5% |
CROSSCOUNTRY MORTGAGE, LLC | $235,000 | $1,170,000 | 397.9% | 1.3% |
Mortgage Research Center, LLC | $690,000 | $920,000 | 33.3% | 1.0% |
NEWREZ LLC | $720,000 | $915,000 | 27.1% | 1.0% |
GENEVA FINANCIAL, LLC | $855,000 | n/a | 1.0% | |
NATIONS RELIABLE LENDING, LLC | $770,000 | n/a | 0.9% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $515,000 | $635,000 | 23.3% | 0.7% |
FREEDOM MORTGAGE CORPORATION | $565,000 | $635,000 | 12.4% | 0.7% |
GUILD MORTGAGE COMPANY | $1,280,000 | $585,000 | -54.3% | 0.7% |
RANLIFE, INC. | $655,000 | $585,000 | -10.7% | 0.7% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $135,000 | $570,000 | 322.2% | 0.7% |
Carrington Mortgage Services, LLC | $190,000 | $530,000 | 178.9% | 0.6% |
Plains Commerce Bank | $370,000 | $475,000 | 28.4% | 0.5% |
DIRECT MORTGAGE, CORP. | $1,120,000 | $465,000 | -58.5% | 0.5% |
BETTER MORTGAGE CORPORATION | $460,000 | n/a | 0.5% | |
The Federal Savings Bank | $155,000 | $445,000 | 187.1% | 0.5% |
CANOPY MORTGAGE, LLC | $410,000 | $420,000 | 2.4% | 0.5% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $410,000 | n/a | 0.5% | |
CRESCENT MORTGAGE COMPANY | $1,430,000 | $395,000 | -72.4% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $1,295,000 | $395,000 | -69.5% | 0.5% |
VERITAS FUNDING, LLC | $2,995,000 | $370,000 | -87.6% | 0.4% |
Discover Bank | $365,000 | n/a | 0.4% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $155,000 | $355,000 | 129.0% | 0.4% |
NAVY FEDERAL CREDIT UNION | $415,000 | $355,000 | -14.5% | 0.4% |
CHARTWAY FEDERAL CREDIT UNION | $105,000 | $305,000 | 190.5% | 0.3% |
CARDINAL FINANCIAL | $290,000 | $295,000 | 1.7% | 0.3% |
Eagle Bank and Trust Company | $295,000 | n/a | 0.3% | |
LONGBRIDGE FINANCIAL, LLC | $165,000 | $295,000 | 78.8% | 0.3% |
21ST MORTGAGE CORPORATION | $260,000 | n/a | 0.3% | |
Northpointe Bank | $655,000 | $255,000 | -61.1% | 0.3% |
LOANDEPOT.COM, LLC | $1,075,000 | $250,000 | -76.7% | 0.3% |
Network Funding, L.P. | $175,000 | $240,000 | 37.1% | 0.3% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $420,000 | $235,000 | -44.0% | 0.3% |
Mr. Cooper ( Nationstar Mortgage ) | $235,000 | $235,000 | 0.0% | 0.3% |
UTAH FIRST | $235,000 | n/a | 0.3% | |
Century Mortgage Company DBA Century Lending Company | $470,000 | $225,000 | -52.1% | 0.3% |
AMERISAVE MORTGAGE CORPORATION | $515,000 | $220,000 | -57.3% | 0.3% |
Wells Fargo Bank | $1,430,000 | $200,000 | -86.0% | 0.2% |
MY MOVE MORTGAGE, LLC | $205,000 | $195,000 | -4.9% | 0.2% |
LOANPAL, LLC | $610,000 | $185,000 | -69.7% | 0.2% |
UNION HOME MORTGAGE CORP. | $185,000 | n/a | 0.2% | |
AMERICAN UNITED FAMILY OF CREDIT UN | $185,000 | $175,000 | -5.4% | 0.2% |
The Loan Store, Inc. | $175,000 | n/a | 0.2% | |
Utah Mortgage Loan Corporation | $455,000 | $165,000 | -63.7% | 0.2% |
SECURITYNATIONAL MORTGAGE COMPANY | $1,215,000 | $150,000 | -87.7% | 0.2% |
Bank of England | $145,000 | n/a | 0.2% | |
JPMorgan Chase Bank | $115,000 | $145,000 | 26.1% | 0.2% |
M&T Bank | $135,000 | n/a | 0.2% | |
CYPRUS Federal Credit Union | $485,000 | $85,000 | -82.5% | 0.1% |
Flagstar Bank, FSB | $85,000 | n/a | 0.1% | |
Glacier Bank | $415,000 | $75,000 | -81.9% | 0.1% |
UTAH COMMUNITY | $2,870,000 | $75,000 | -97.4% | 0.1% |
Bank of America | $165,000 | $55,000 | -66.7% | 0.1% |
RESIDENTIAL BANCORP | $55,000 | n/a | 0.1% | |
SECURITY SERVICE | $35,000 | $55,000 | 57.1% | 0.1% |
GOLDENWEST | $35,000 | $45,000 | 28.6% | 0.1% |
KeyBank | $935,000 | $45,000 | -95.2% | 0.1% |
Coastal Community Bank | $15,000 | n/a | 0.0% |
Price's top lender by overall market share is SECURITY HOME MORTGAGE, LLC., with 16.5% market share. In second place, with 10.0%, is Bank of Utah, having originated $8,735,000 in loans. In third place, with 8.7%, is Utah Power, having originated $7,590,000 in loans. In fourth place, with 8.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $7,475,000 in loans. In fifth place, with 7.9%, is MOUNTAIN AMERICA, having originated $6,960,000 in loans.
Price Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Price (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 | $121,150 (1.0%) | $161,044 (15.3%) | 0.00 | 143 |
2018-02-01 | $124,700 (0.9%) | $163,123 (9.5%) | 0.00 | 139 |
2018-03-01 | $129,750 (3.9%) | $162,445 (7.7%) | 0.00 | 142 |
2018-04-01 | $131,250 (1.7%) | $169,937 (9.3%) | 0.00 | 134 |
2018-05-01 | $130,000 (6.6%) | $194,503 (25.6%) | 0.00 | 135 |
2018-06-01 | $129,962 (4.0%) | $189,368 (24.1%) | 0.00 | 134 |
2018-07-01 | $129,975 (2.9%) | $188,346 (22.1%) | 0.00 | 136 |
2018-08-01 | $134,875 (8.6%) | $197,010 (24.3%) | 0.00 | 132 |
2018-09-01 | $145,000 (20.9%) | $217,727 (36.4%) | 0.00 | 123 |
2018-10-01 | $141,700 (16.3%) | $212,813 (30.4%) | 0.00 | 123 |
2018-11-01 | $139,175 (11.3%) | $213,932 (28.8%) | 0.00 | 116 |
2018-12-01 | $135,000 (7.1%) | $210,224 (28.5%) | 0.00 | 116 |
2019-01-01 | $134,750 (11.2%) | $215,834 (34.0%) | 0.00 | 111 |
2019-02-01 | $135,000 (8.3%) | $222,641 (36.5%) | 0.00 | 96 |
2019-03-01 | $135,000 (4.1%) | $224,279 (38.1%) | 0.00 | 93 |
2019-04-01 | $134,975 (2.8%) | $223,920 (31.8%) | 0.00 | 93 |
2019-05-01 | $144,250 (11.0%) | $237,766 (22.2%) | 0.00 | 84 |
2019-06-01 | $150,000 (15.4%) | $248,007 (31.0%) | 0.00 | 84 |
2019-07-01 | $150,375 (15.7%) | $232,444 (23.4%) | 0.00 | 89 |
2019-08-01 | $148,591 (10.2%) | $220,312 (11.8%) | 0.00 | 90 |
2019-09-01 | $147,977 (2.1%) | $218,292 (0.3%) | 0.00 | 89 |
2019-10-01 | $147,568 (4.1%) | $218,901 (2.9%) | 0.00 | 86 |
2019-11-01 | $144,500 (3.8%) | $214,002 (0.0%) | 0.00 | 69 |
2019-12-01 | $140,750 (4.3%) | $211,652 (0.7%) | 0.00 | 65 |
2020-01-01 | $156,575 (16.2%) | $226,706 (5.0%) | 0.00 | 58 |
2020-02-01 | $162,950 (20.7%) | $264,578 (18.8%) | 0.00 | 57 |
2020-03-01 | $165,750 (22.8%) | $280,577 (25.1%) | 0.00 | 47 |
2020-04-01 | $165,113 (22.3%) | $279,747 (24.9%) | 0.00 | 50 |
2020-05-01 | $168,500 (16.8%) | $270,869 (13.9%) | 0.00 | 49 |
2020-06-01 | $151,000 (0.7%) | $275,709 (11.2%) | 0.00 | 48 |
2020-07-01 | $184,750 (22.9%) | $295,954 (27.3%) | 0.00 | 49 |
2020-08-01 | $220,000 (48.1%) | $335,095 (52.1%) | 0.00 | 41 |
2020-09-01 | $195,023 (31.8%) | $297,892 (36.5%) | 0.00 | 46 |
2020-10-01 | $147,950 (0.3%) | $217,615 (-0.6%) | 0.00 | 53 |
2020-11-01 | $152,000 (5.2%) | $200,433 (-6.3%) | 0.00 | 54 |
2020-12-01 | $141,975 (0.9%) | $205,442 (-2.9%) | 0.00 | 47 |
2021-01-01 | $139,900 (-10.7%) | $180,461 (-20.4%) | 0.00 | 32 |
2021-02-01 | $160,975 (-1.2%) | $206,621 (-21.9%) | 0.00 | 27 |
2021-03-01 | $200,000 (20.7%) | $218,684 (-22.1%) | 0.00 | 22 |
2021-04-01 | $239,995 (45.4%) | $331,774 (18.6%) | 0.00 | 20 |
2021-05-01 | $234,495 (39.2%) | $400,760 (48.0%) | 0.00 | 22 |
2021-06-01 | $222,250 (47.2%) | $376,433 (36.5%) | 0.00 | 33 |
2021-07-01 | $225,000 (21.8%) | $360,824 (21.9%) | 0.00 | 49 |
2021-08-01 | $249,723 (13.5%) | $354,928 (5.9%) | 0.00 | 52 |
2021-09-01 | $243,725 (25.0%) | $341,988 (14.8%) | 0.00 | 57 |
2021-10-01 | $225,000 (52.1%) | $358,727 (64.8%) | 0.00 | 37 |
2021-11-01 | $199,375 (31.2%) | $256,066 (27.8%) | 0.00 | 32 |
2021-12-01 | $199,375 (40.4%) | $243,477 (18.5%) | 0.00 | 20 |
2022-01-01 | $191,250 (36.7%) | $232,720 (29.0%) | 0.00 | 15 |
2022-02-01 | $354,125 (120.0%) | $338,222 (63.7%) | 0.00 | 11 |
2022-03-01 | $297,000 (48.5%) | $326,467 (49.3%) | 0.00 | 14 |
2022-04-01 | $265,000 (10.4%) | $294,463 (-11.3%) | 0.00 | 27 |
2022-05-01 | $264,500 (12.8%) | $339,394 (-15.3%) | 0.00 | 32 |
2022-06-01 | $309,900 (39.4%) | $348,821 (-7.3%) | 0.00 | 44 |
2022-07-01 | $385,000 (71.1%) | $367,778 (1.9%) | 0.00 | 60 |
2022-08-01 | $350,000 (40.2%) | $341,957 (-3.7%) | 0.00 | 58 |
2022-09-01 | $349,000 (43.2%) | $349,634 (2.2%) | 0.00 | 57 |
2022-10-01 | $325,000 (44.4%) | $352,611 (-1.7%) | 0.00 | 60 |
2022-11-01 | $324,900 (63.0%) | $338,760 (32.3%) | 0.00 | 68 |
2022-12-01 | $319,950 (60.5%) | $336,337 (38.1%) | 0.00 | 67 |
2023-01-01 | $340,000 (77.8%) | $349,272 (50.1%) | 0.00 | 55 |
2023-02-01 | $380,750 (7.5%) | $348,731 (3.1%) | 0.00 | 46 |
2023-03-01 | $392,500 (32.2%) | $363,817 (11.4%) | 0.00 | 47 |
2023-04-01 | $414,000 (56.2%) | $375,741 (27.6%) | 0.00 | 62 |
2023-05-01 | $424,000 (60.3%) | $398,953 (17.6%) | 0.00 | 64 |
2023-06-01 | $375,450 (21.2%) | $412,880 (18.4%) | 0.00 | 81 |
2023-07-01 | $392,000 (1.8%) | $434,831 (18.2%) | 0.00 | 81 |
2023-08-01 | $421,250 (20.4%) | $431,569 (26.2%) | 0.00 | 82 |
2023-09-01 | $375,000 (7.5%) | $420,860 (20.4%) | 0.00 | 87 |
2023-10-01 | $362,500 (11.5%) | $449,360 (27.4%) | 0.00 | 93 |
2023-11-01 | $352,500 (8.5%) | $382,946 (13.0%) | 0.00 | 92 |
2023-12-01 | $350,000 (9.4%) | $375,358 (11.6%) | 0.00 | 90 |
2024-01-01 | $358,750 (5.5%) | $390,294 (11.7%) | 0.00 | 86 |
2024-02-01 | $380,000 (-0.2%) | $391,410 (12.2%) | 0.00 | 83 |
2024-03-01 | $395,000 (0.6%) | $425,122 (16.9%) | 0.00 | 78 |
2024-04-01 | $360,000 (-13.0%) | $409,625 (9.0%) | 0.00 | 87 |
2024-05-01 | $371,250 (-12.4%) | $407,836 (2.2%) | 0.00 | 90 |
2024-06-01 | $365,000 (-2.8%) | $407,132 (-1.4%) | 0.00 | 100 |
2024-07-01 | $353,875 (-9.7%) | $399,233 (-8.2%) | 0.00 | 105 |
2024-08-01 | $337,200 (-20.0%) | $390,446 (-9.5%) | 0.00 | 108 |
2024-09-01 | $336,750 (-10.2%) | $387,965 (-7.8%) | 0.00 | 112 |
Price's median listing price comes in at 0% of the national average.
Price's average listing price for 2024-09-01 was $387,965, a difference of $-32,895 (-7.8%) versus the prior year and $-2,481 versus the prior month.
For the 2024-09-01 period, Price had 112 MLS listings, a difference of 4 listings (4%) versus the prior month and 25 listings (29%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Price (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,862 sqft |
2018-02-01 | 0 days | 1,954 sqft |
2018-03-01 | 0 days | 1,936 sqft |
2018-04-01 | 0 days | 1,918 sqft |
2018-05-01 | 0 days | 1,950 sqft |
2018-06-01 | 0 days | 1,898 sqft |
2018-07-01 | 0 days | 1,898 sqft |
2018-08-01 | 0 days | 1,976 sqft |
2018-09-01 | 0 days | 2,100 sqft |
2018-10-01 | 0 days | 2,062 sqft |
2018-11-01 | 0 days | 2,042 sqft |
2018-12-01 | 0 days | 1,984 sqft |
2019-01-01 | 0 days | 1,999 sqft |
2019-02-01 | 0 days | 2,015 sqft |
2019-03-01 | 0 days | 2,023 sqft |
2019-04-01 | 0 days | 2,002 sqft |
2019-05-01 | 0 days | 2,037 sqft |
2019-06-01 | 0 days | 2,112 sqft |
2019-07-01 | 0 days | 1,973 sqft |
2019-08-01 | 0 days | 1,973 sqft |
2019-09-01 | 0 days | 1,973 sqft |
2019-10-01 | 0 days | 1,995 sqft |
2019-11-01 | 0 days | 2,016 sqft |
2019-12-01 | 0 days | 2,101 sqft |
2020-01-01 | 0 days | 2,112 sqft |
2020-02-01 | 0 days | 2,162 sqft |
2020-03-01 | 0 days | 2,225 sqft |
2020-04-01 | 0 days | 2,060 sqft |
2020-05-01 | 0 days | 1,989 sqft |
2020-06-01 | 0 days | 1,933 sqft |
2020-07-01 | 0 days | 2,129 sqft |
2020-08-01 | 0 days | 2,248 sqft |
2020-09-01 | 0 days | 2,284 sqft |
2020-10-01 | 0 days | 1,725 sqft |
2020-11-01 | 0 days | 1,717 sqft |
2020-12-01 | 0 days | 1,670 sqft |
2021-01-01 | 0 days | 1,574 sqft |
2021-02-01 | 0 days | 1,671 sqft |
2021-03-01 | 0 days | 1,694 sqft |
2021-04-01 | 0 days | 1,860 sqft |
2021-05-01 | 0 days | 1,836 sqft |
2021-06-01 | 0 days | 1,729 sqft |
2021-07-01 | 0 days | 1,904 sqft |
2021-08-01 | 0 days | 1,944 sqft |
2021-09-01 | 0 days | 2,008 sqft |
2021-10-01 | 0 days | 1,904 sqft |
2021-11-01 | 0 days | 2,005 sqft |
2021-12-01 | 0 days | 1,877 sqft |
2022-01-01 | 0 days | 1,846 sqft |
2022-02-01 | 0 days | 2,109 sqft |
2022-03-01 | 0 days | 1,951 sqft |
2022-04-01 | 0 days | 1,712 sqft |
2022-05-01 | 0 days | 1,827 sqft |
2022-06-01 | 0 days | 1,842 sqft |
2022-07-01 | 0 days | 1,659 sqft |
2022-08-01 | 0 days | 1,659 sqft |
2022-09-01 | 0 days | 1,658 sqft |
2022-10-01 | 0 days | 1,659 sqft |
2022-11-01 | 0 days | 1,737 sqft |
2022-12-01 | 0 days | 1,678 sqft |
2023-01-01 | 0 days | 1,680 sqft |
2023-02-01 | 0 days | 1,658 sqft |
2023-03-01 | 0 days | 1,658 sqft |
2023-04-01 | 0 days | 1,753 sqft |
2023-05-01 | 0 days | 1,940 sqft |
2023-06-01 | 0 days | 2,167 sqft |
2023-07-01 | 0 days | 2,200 sqft |
2023-08-01 | 0 days | 2,424 sqft |
2023-09-01 | 0 days | 2,080 sqft |
2023-10-01 | 0 days | 2,055 sqft |
2023-11-01 | 0 days | 2,016 sqft |
2023-12-01 | 0 days | 1,960 sqft |
2024-01-01 | 0 days | 1,971 sqft |
2024-02-01 | 0 days | 2,085 sqft |
2024-03-01 | 0 days | 2,112 sqft |
2024-04-01 | 0 days | 2,111 sqft |
2024-05-01 | 0 days | 2,100 sqft |
2024-06-01 | 0 days | 2,138 sqft |
2024-07-01 | 0 days | 2,053 sqft |
2024-08-01 | 0 days | 1,977 sqft |
2024-09-01 | 0 days | 1,980 sqft |
Price's median square footage for active listings during the 2024-09-01 period was 1,980 sqft. One year prior, the average listing was 2,080 sqft.
Price, UT Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 273 | $58,565,000 | $214,524 |
Other | 90 | $6,680,000 | $74,222 |
Cash Out Refi | 62 | $11,080,000 | $178,710 |
Refi | 52 | $8,740,000 | $168,077 |
Home Improvement | 35 | $2,595,000 | $74,143 |
Price's most frequently cited loan purpose was Home Purchase, with 273 originations. The 2nd most popular reason was Other, with 90 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
7-8% | 178 | $27,230,000 | $152,978 |
6-7% | 165 | $32,005,000 | $193,970 |
5-6% | 72 | $15,140,000 | $210,278 |
Over 8% | 67 | $8,175,000 | $122,015 |
4-5% | 21 | $4,675,000 | $222,619 |
3-4% | 1 | $15,000 | $15,000 |
During 2023, Price's most frequently originated rate bucket was 7-8%, with 178 originations.
Loan Sizing (Price, UT MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 188 | $8,760,000 | $46,596 |
$200k-400k | 150 | $40,870,000 | $272,467 |
$100k-200k | 146 | $22,310,000 | $152,808 |
$400k-600k | 21 | $9,875,000 | $470,238 |
$600k-1000k | 5 | $3,575,000 | $715,000 |
$Over $1MM | 2 | $2,270,000 | $1,135,000 |
Price's loan sizing saw the bucket of loans from $100,000 or less with 188 originations, totaling $8,760,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 186 | $45,350,000 | $243,817 |
Under 20% | 101 | $3,435,000 | $34,010 |
60-80% | 95 | $21,475,000 | $226,053 |
20-40% | 61 | $5,665,000 | $92,869 |
40-60% | 54 | $9,560,000 | $177,037 |
Over 100% | 6 | $1,500,000 | $250,000 |
Price's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 186 originations, totaling $45,350,000 in origination value.