Red Wing Mortgage Rates

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

30 Year Fixed Rate mortgages in Red Wing averaged 5.75% 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 5.76% and one month ago for the week of 2022-05-26, the average rate was 5.25%.

Red Wing's average rate one year ago was 2.93%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.59%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Red Wing 30 Year Fixed Rate 2022-06-30 5.75%
Red Wing 30 Year Fixed Rate Refi 2022-06-30 5.59%
Red Wing 15 Year Fixed Rate 2022-06-30 5.44%
Red Wing 15 Year Fixed Rate Refi 2022-06-30 4.83%
Red Wing 30 Year FHA 2022-06-30 5.64%
Red Wing 30 Year FHA Refi 2022-06-30 5.64%
Red Wing 30 Year USDA 2022-06-30 5.48%
Red Wing 30 Year USDA Refi 2022-06-30 5.46%
Red Wing 30 Year VA 2022-06-30 5.76%
Red Wing 30 Year VA Refi 2022-06-30 5.53%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Red Wing, MN.

Red Wing 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 Red Wing, MN 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Merchants Bank 116 3.01% $3,728
Bell Bank 79 3.01% $4,088
QUICKEN LOANS, LLC 65 3.08% $4,894
UNITED WHOLESALE MORTGAGE, LLC 47 3.09% $4,020
Wells Fargo Bank 47 3.12% $3,226
FREEDOM MORTGAGE CORPORATION 42 3.08% $4,139
GUARANTEED RATE, INC. 40 3.13% $3,593
CALIBER HOME LOANS, INC. 40 2.92% $3,577
LOANDEPOT.COM, LLC 37 3.11% $4,569
Servion, Inc. 30 3.01% $4,973
Think Mutual Bank 22 3.11% $3,916
CROSSCOUNTRY MORTGAGE, LLC 20 3.21% $4,386
U.S. Bank 20 3.09% $3,224
Prosperity Home Mortgage, LLC 17 3.10% $3,699
Home Federal Savings Bank 16 3.19% $3,253
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 14 3.17% $4,377
PRIMELENDING, A PLAINSCAPITAL COMPANY 13 3.29% $5,173
First Federal Bank 13 3.15% $3,941
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 2.96% $5,043
COMPEER FINANCIAL, FLCA 12 3.74% $4,229
Tradition Mortgage, LLC 11 2.99% $2,716
Barrington Bank & Trust Company, N.A. 9 3.07% $4,252
AMERISAVE MORTGAGE CORPORATION 9 2.96% $3,428
ALTRA 9 3.22% $3,678
Goldwater Bank, N.A. 9 3.28% $4,617
Associated Bank 8 3.11% $4,265
WINGS FINANCIAL 8 2.86% $3,097
Citizens Community Federal 8 3.11% $2,023
AFFINITY PLUS 8 3.23% $4,375
PENNYMAC LOAN SERVICES, LLC 7 3.14% $5,022
NEWREZ LLC 7 3.09% $4,015
Mr. Cooper ( Nationstar Mortgage ) 7 3.38% $4,853
Bremer Bank 7 3.05% $5,164
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 7 3.00% $3,794
RESULTS MORTGAGE, LLC 7 3.23% $3,470
BAY EQUITY LLC 6 2.96% $5,054
GUARANTEED RATE AFFINITY, LLC 6 3.06% $3,884
Alliance Bank 6 3.23% $4,482
Flagstar Bank, FSB 6 3.09% $4,795
Plains Commerce Bank 5 3.00% $4,955
GUARANTY HOME MORTGAGE CORPORATION 5 3.35% $5,782
MUTUAL OF OMAHA MORTGAGE, INC. 4 3.34% $4,969
AXIA FINANCIAL, LLC 4 3.06% $4,953
HomeTown Bank 4 3.13% $3,584
Lend Smart Mortgage, LLC 4 3.28% $2,269
Mortgages Unlimited Inc. 4 3.25% $7,184
PLAZA HOME MORTGAGE, INC. 4 2.90% $6,133
Summit Mortgage Corporation 4 3.34% $3,113
The Huntington National Bank 3 3.29% $2,957
Security Financial Bank 3 3.42% $2,458
Alerus Financial 3 2.83% $1,575
Royal Credit Union 3 3.13% $0
TOWNE MORTGAGE COMPANY 3 3.00% $4,970
HOME POINT FINANCIAL CORPORATION 3 3.29% $1,501
LEADERONE FINANCIAL CORPORATION 3 2.87% $3,963
HANCOCK MORTGAGE PARTNERS, LLC 3 3.33% $6,617
HIWAY 3 3.08% $5,149
BETTER MORTGAGE CORPORATION 3 2.75% $2,459
JPMorgan Chase Bank 3 3.25% $2,888
TCF National Bank 3 3.08% $3,311
First Guaranty Mortgage Corporation 3 3.04% $4,174
BROKER SOLUTIONS, INC. 3 3.17% $5,615
IDEAL 3 3.21% $3,745
MEGASTAR FINANCIAL CORP. 3 3.17% $3,522
KELLER MORTGAGE, LLC 3 3.21% $2,301
Citizens Bank 2 3.06% $4,812
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 3.31% $5,311
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.56% $3,915
INLANTA MORTGAGE, INC. 2 3.06% $2,937
Bank of England 2 3.13% $3,930
Mortgage Research Center, LLC 2 2.56% $3,974
Roundbank 2 2.50% $6,249
ROYAL UNITED MORTGAGE LLC 2 3.06% $8,342
SIRVA MORTGAGE, INC. 2 3.69% $0
Charles Schwab Bank, SSB 2 2.35% $4,558
AmeriHome Mortgage Company, LLC 2 3.63% $2,653
Lake Area Bank 2 2.88% $4,349
CMG MORTGAGE, INC. 2 3.06% $3,939
HOMESIDE FINANCIAL, LLC 2 3.00% $3,611
American Mortgage & Equity Consultants, Inc. 2 3.13% $3,817
Carrington Mortgage Services, LLC 2 3.31% $5,915
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 2.88% $4,898
Coulee Bank 2 3.38% $2,668
The Federal Savings Bank 1 3.25% $3,227
THOMPSON KANE & COMPANY, LLC 1 2.75% $2,565
THRIVENT Federal Credit Union 1 3.00% $4,405
American State Bank 1 3.13% $2,822
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 3.25% $5,388
UNION HOME MORTGAGE CORP. 1 2.63% $3,005
UNITED HOME LOANS, INC. 1 3.88% $6,017
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.38% $3,327
VALLEY MORTGAGE, INC. 1 2.99% $3,575
First National Bank of Omaha 1 3.13% $1,790
First Bank & Trust 1 2.75% $4,346
EVERETT FINANCIAL, INC. 1 2.99% $2,013
GENISYS 1 3.25% $2,236
EMM LOANS LLC 1 3.25% $9,131
CRESCENT MORTGAGE COMPANY 1 3.50% $4,771
COMPASS MORTGAGE, INC. 1 2.88% $3,169
Hometown Lenders, Inc. 1 3.13% $3,941
InterContinental Capital Group, Inc 1 2.75% $3,827
IOWA BANKERS MORTGAGE CORPORATION 1 2.50% $4,259
LAKEVIEW LOAN SERVICING, LLC 1 3.50% $1,745
LAND HOME FINANCIAL SERVICES, INC. 1 2.75% $3,068
WESTconsin Credit Union 1 2.88% $2,494
Citizens Bank Minnesota 1 3.75% $4,494
Manufacturers and Traders Trust Company 1 2.75% $2,675
Manufacturers Bank & Trust Company 1 2.75% $4,692
MILEND, INC. 1 3.38% $3,346
MOVEMENT MORTGAGE, LLC 1 3.25% $5,098
CHURCHILL MORTGAGE CORPORATION 1 3.13% $3,570
NATIONS RELIABLE LENDING, LLC 1 2.63% $4,963
NAVY FEDERAL CREDIT UNION 1 5.13% $5,043
NBKC BANK 1 2.75% $1,311
CELEBRITY HOME LOANS, LLC 1 3.25% $4,315
Northview Bank 1 3.25% $4,099
Ohnward Bank & Trust 1 3.00% $2,905
Old National Bank 1 3.00% $2,967
Old Second National Bank 1 3.25% $3,345
PHH Mortgage Corporation 1 3.63% $4,508
WNB Financial, N.A. 1 3.13% $4,408
POLARIS HOME FUNDING CORP. 1 3.50% $5,872
PREMIA MORTGAGE, LLC 1 3.38% $2,816
Baxter Credit Union 1 3.00% $3,111
Bank of America 1 2.75% $4,004
Bank Forward 1 3.25% $5,256
SOFI LENDING CORP. 1 2.88% $3,128
SPIRE Credit Union 1 3.25% $5,685
SPRING EQ, LLC 1 2.63% $0
Wyndham Capital Mortgage, Inc. 1 3.13% $1,323

Red Wing, MN's 130 lenders originated 2,234 loans during 2021. The total origination value was $481,200,000, with an average loan value of $215,398.

The top Red Wing lender as defined by loan originations is Merchants Bank, with 116 loans originated. Their average total fees are $3,728, which is $360 lower than the next largest lender, Bell Bank.

The lowest fee Red Wing lenders (with over 10 loans originated) are Tradition Mortgage, LLC ($2,716), U.S. Bank ($3,224), Wells Fargo Bank ($3,226), Home Federal Savings Bank ($3,253) and CALIBER HOME LOANS, INC. ($3,577).

The lowest rate Red Wing lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. (2.92%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (2.96%), Tradition Mortgage, LLC (2.99%), Merchants Bank (3.01%) and Bell Bank (3.01%).

Red Wing, MN 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
Merchants Bank $54,100,000 $46,870,000 -13.4% 9.7%
Bell Bank $24,385,000 $34,045,000 39.6% 7.1%
FREEDOM MORTGAGE CORPORATION $23,090,000 $31,120,000 34.8% 6.5%
QUICKEN LOANS, LLC $25,485,000 $28,350,000 11.2% 5.9%
Wells Fargo Bank $17,460,000 $21,970,000 25.8% 4.6%
LOANDEPOT.COM, LLC $8,170,000 $19,165,000 134.6% 4.0%
UNITED WHOLESALE MORTGAGE, LLC $18,235,000 $19,090,000 4.7% 4.0%
CALIBER HOME LOANS, INC. $30,800,000 $17,180,000 -44.2% 3.6%
GUARANTEED RATE, INC. $11,325,000 $13,730,000 21.2% 2.9%
JONES LANG LASALLE MULTIFAMILY, LLC $8,255,000 $9,405,000 13.9% 2.0%
Servion, Inc. $9,775,000 $9,130,000 -6.6% 1.9%
U.S. Bank $6,830,000 $9,035,000 32.3% 1.9%
Think Mutual Bank $13,320,000 $8,840,000 -33.6% 1.8%
Prosperity Home Mortgage, LLC $7,640,000 $8,020,000 5.0% 1.7%
CROSSCOUNTRY MORTGAGE, LLC $4,035,000 $7,310,000 81.2% 1.5%
PENNYMAC LOAN SERVICES, LLC $3,075,000 $6,510,000 111.7% 1.4%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $6,155,000 $6,350,000 3.2% 1.3%
Associated Bank $6,615,000 $6,175,000 -6.7% 1.3%
COMPEER FINANCIAL, FLCA $11,605,000 $6,160,000 -46.9% 1.3%
First Federal Bank $8,370,000 $6,105,000 -27.1% 1.3%
AFFINITY PLUS $6,240,000 $6,055,000 -3.0% 1.3%
Alliance Bank $7,130,000 $4,900,000 -31.3% 1.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,665,000 $4,655,000 -0.2% 1.0%
Barrington Bank & Trust Company, N.A. $3,310,000 $4,410,000 33.2% 0.9%
Home Federal Savings Bank $7,510,000 $4,360,000 -41.9% 0.9%
Mr. Cooper ( Nationstar Mortgage ) $3,290,000 $4,255,000 29.3% 0.9%
Tradition Mortgage, LLC $2,710,000 $4,235,000 56.3% 0.9%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $925,000 $4,085,000 341.6% 0.8%
Mortgage Research Center, LLC $3,155,000 $4,000,000 26.8% 0.8%
Bremer Bank $4,425,000 $3,845,000 -13.1% 0.8%
WINGS FINANCIAL $4,115,000 $3,670,000 -10.8% 0.8%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,885,000 $3,620,000 92.0% 0.8%
ALTRA $3,240,000 $3,110,000 -4.0% 0.6%
HOME POINT FINANCIAL CORPORATION $470,000 $3,005,000 539.4% 0.6%
Community Resource Bank $2,380,000 $2,975,000 25.0% 0.6%
AMERISAVE MORTGAGE CORPORATION $3,115,000 $2,855,000 -8.3% 0.6%
Goldwater Bank, N.A. $810,000 $2,805,000 246.3% 0.6%
Flagstar Bank, FSB $3,365,000 $2,690,000 -20.1% 0.6%
GUARANTEED RATE AFFINITY, LLC $2,530,000 $2,645,000 4.5% 0.5%
Foresight Bank $1,580,000 $2,460,000 55.7% 0.5%
First Guaranty Mortgage Corporation $2,415,000 n/a 0.5%
NEWREZ LLC $1,860,000 $2,170,000 16.7% 0.5%
GREYSTONE SERVICING COMPANY LLC $2,165,000 n/a 0.4%
PLAZA HOME MORTGAGE, INC. $390,000 $2,085,000 434.6% 0.4%
BAY EQUITY LLC $1,875,000 $2,025,000 8.0% 0.4%
RESULTS MORTGAGE, LLC $2,305,000 $1,875,000 -18.7% 0.4%
Citizens Community Federal $2,005,000 $1,845,000 -8.0% 0.4%
GUARANTY HOME MORTGAGE CORPORATION $1,770,000 n/a 0.4%
Mortgages Unlimited Inc. $1,405,000 $1,740,000 23.8% 0.4%
TCF National Bank $3,535,000 $1,675,000 -52.6% 0.3%
BROKER SOLUTIONS, INC. $2,850,000 $1,620,000 -43.2% 0.3%
Bridgewater Bank $290,000 $1,605,000 453.4% 0.3%
MEGASTAR FINANCIAL CORP. $1,490,000 $1,485,000 -0.3% 0.3%
Peoples State Bank of Plainview $1,340,000 $1,465,000 9.3% 0.3%
AXIA FINANCIAL, LLC $1,570,000 $1,405,000 -10.5% 0.3%
F & M Community Bank $925,000 $1,395,000 50.8% 0.3%
LAKEVIEW LOAN SERVICING, LLC $1,395,000 $1,370,000 -1.8% 0.3%
JPMorgan Chase Bank $310,000 $1,355,000 337.1% 0.3%
Plains Commerce Bank $750,000 $1,345,000 79.3% 0.3%
Lend Smart Mortgage, LLC $115,000 $1,320,000 1,047.8% 0.3%
HANCOCK MORTGAGE PARTNERS, LLC $370,000 $1,285,000 247.3% 0.3%
NEW DAY FINANCIAL, LLC $1,080,000 $1,260,000 16.7% 0.3%
Alerus Financial $1,480,000 $1,230,000 -16.9% 0.3%
USAA Federal Savings Bank $2,330,000 $1,225,000 -47.4% 0.3%
Carrington Mortgage Services, LLC $1,185,000 $1,215,000 2.5% 0.3%
Royal Credit Union $1,180,000 $1,195,000 1.3% 0.2%
Charles Schwab Bank, SSB $1,100,000 n/a 0.2%
Summit Mortgage Corporation $1,775,000 $1,070,000 -39.7% 0.2%
Lake Area Bank $575,000 $1,030,000 79.1% 0.2%
The Huntington National Bank $1,025,000 n/a 0.2%
SOFI LENDING CORP. $995,000 n/a 0.2%
KELLER MORTGAGE, LLC $185,000 $970,000 424.3% 0.2%
Roundbank $155,000 $970,000 525.8% 0.2%
CMG MORTGAGE, INC. $555,000 $960,000 73.0% 0.2%
NAVY FEDERAL CREDIT UNION $550,000 $930,000 69.1% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $480,000 $920,000 91.7% 0.2%
Coulee Bank $185,000 $905,000 389.2% 0.2%
HIWAY $685,000 $890,000 29.9% 0.2%
HomeTown Bank $1,115,000 $890,000 -20.2% 0.2%
First Alliance Credit Union $325,000 $880,000 170.8% 0.2%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $870,000 $855,000 -1.7% 0.2%
First Western Bank & Trust $820,000 n/a 0.2%
IDEAL $645,000 $760,000 17.8% 0.2%
SUN WEST MORTGAGE COMPANY, INC. $255,000 $755,000 196.1% 0.2%
American Mortgage & Equity Consultants, Inc. $2,495,000 $740,000 -70.3% 0.2%
HOMESIDE FINANCIAL, LLC $725,000 n/a 0.2%
BETTER MORTGAGE CORPORATION $695,000 n/a 0.1%
NOVATION CREDIT UNION $85,000 $685,000 705.9% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $405,000 $680,000 67.9% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $615,000 $665,000 8.1% 0.1%
Old National Bank $1,485,000 $665,000 -55.2% 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $410,000 $660,000 61.0% 0.1%
LEADERONE FINANCIAL CORPORATION $2,920,000 $660,000 -77.4% 0.1%
TOWNE MORTGAGE COMPANY $1,190,000 $635,000 -46.6% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $430,000 $630,000 46.5% 0.1%
MOVEMENT MORTGAGE, LLC $390,000 $590,000 51.3% 0.1%
WNB Financial, N.A. $1,915,000 $580,000 -69.7% 0.1%
AmeriHome Mortgage Company, LLC $505,000 $565,000 11.9% 0.1%
THRIVENT Federal Credit Union $390,000 $560,000 43.6% 0.1%
SIRVA MORTGAGE, INC. $165,000 $550,000 233.3% 0.1%
AMERICAN FINANCING CORPORATION $535,000 $520,000 -2.8% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $500,000 n/a 0.1%
WESTconsin Credit Union $1,865,000 $495,000 -73.5% 0.1%
Bank of England $1,140,000 $490,000 -57.0% 0.1%
First State Bank and Trust $480,000 n/a 0.1%
OCEANSIDE MORTGAGE COMPANY $460,000 $480,000 4.3% 0.1%
Bank of America $195,000 $475,000 143.6% 0.1%
INLANTA MORTGAGE, INC. $175,000 $470,000 168.6% 0.1%
21ST MORTGAGE CORPORATION $95,000 $465,000 389.5% 0.1%
CHERRY CREEK MORTGAGE, LLC $460,000 n/a 0.1%
PREMIA MORTGAGE, LLC $145,000 $450,000 210.3% 0.1%
InterContinental Capital Group, Inc $890,000 $445,000 -50.0% 0.1%
Wyndham Capital Mortgage, Inc. $405,000 $440,000 8.6% 0.1%
Manufacturers Bank & Trust Company $940,000 $435,000 -53.7% 0.1%
Sierra Pacific Mortgage Company, Inc. $175,000 $430,000 145.7% 0.1%
SPIRE Credit Union $395,000 $420,000 6.3% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $155,000 $390,000 151.6% 0.1%
Ixonia Bank $545,000 $380,000 -30.3% 0.1%
Old Second National Bank $365,000 $375,000 2.7% 0.1%
Hometown Lenders, Inc. $365,000 n/a 0.1%
Citizens Bank $245,000 $360,000 46.9% 0.1%
NBKC BANK $885,000 $355,000 -59.9% 0.1%
TOPLINE FEDERAL CREDIT UNION $400,000 $340,000 -15.0% 0.1%
MID AMERICA MORTGAGE, INC. $335,000 n/a 0.1%
Cambria Financial Group, LLC $770,000 $325,000 -57.8% 0.1%
CITY-COUNTY CREDIT UNION $325,000 n/a 0.1%
Heritage Bank $325,000 $325,000 0.0% 0.1%
Security Financial Bank $325,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $1,055,000 $310,000 -70.6% 0.1%
SPRING EQ, LLC $90,000 $305,000 238.9% 0.1%
MILEND, INC. $285,000 n/a 0.1%
Hiawatha National Bank $295,000 $280,000 -5.1% 0.1%
Bank Forward $275,000 n/a 0.1%
LOANPAL, LLC $275,000 n/a 0.1%
First Bank & Trust $270,000 n/a 0.1%
Baxter Credit Union $520,000 $265,000 -49.0% 0.1%
COMPASS MORTGAGE, INC. $440,000 $265,000 -39.8% 0.1%
UNION HOME MORTGAGE CORP. $265,000 n/a 0.1%
CENTRAL MINNESOTA Credit Union $255,000 n/a 0.1%
HOMESTEAD FUNDING CORP. $255,000 n/a 0.1%
Northview Bank $255,000 n/a 0.1%
VALLEY MORTGAGE, INC. $255,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $400,000 $245,000 -38.8% 0.1%
CELEBRITY HOME LOANS, LLC $245,000 n/a 0.1%
Waterstone Mortgage Corporation $290,000 $245,000 -15.5% 0.1%
UNITED HOME LOANS, INC. $235,000 n/a 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $225,000 n/a 0.0%
American State Bank $225,000 n/a 0.0%
EMBRACE HOME LOANS, INC. $275,000 $225,000 -18.2% 0.0%
Equity Prime Mortgage LLC $225,000 n/a 0.0%
LIBERTY HOME MORTGAGE CORPORATION $225,000 n/a 0.0%
St. Paul Federal Credit Union $1,215,000 $225,000 -81.5% 0.0%
Citizens Bank Minnesota $225,000 $215,000 -4.4% 0.0%
Minnesota Valley Federal Credit Union $215,000 n/a 0.0%
The Federal Savings Bank $1,490,000 $215,000 -85.6% 0.0%
THOMPSON KANE & COMPANY, LLC $215,000 n/a 0.0%
IOWA BANKERS MORTGAGE CORPORATION $520,000 $205,000 -60.6% 0.0%
Ohnward Bank & Trust $205,000 n/a 0.0%
AMERICAN ADVISORS GROUP $65,000 $200,000 207.7% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $225,000 $195,000 -13.3% 0.0%
Kerndt Brothers Savings Bank $195,000 n/a 0.0%
CCM Finance, LLC $185,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $185,000 n/a 0.0%
FINANCE OF AMERICA MORTGAGE LLC $245,000 $185,000 -24.5% 0.0%
LAND HOME FINANCIAL SERVICES, INC. $285,000 $185,000 -35.1% 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $185,000 n/a 0.0%
EVERETT FINANCIAL, INC. $4,515,000 $175,000 -96.1% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $165,000 n/a 0.0%
Heartland Credit Union $580,000 $165,000 -71.6% 0.0%
MAYO EMPLOYEES FEDERAL CREDIT UNION $1,395,000 $165,000 -88.2% 0.0%
EMM LOANS LLC $155,000 n/a 0.0%
Chartwell Financial, LLC $25,000 $145,000 480.0% 0.0%
Chicago Mortgage Solutions LLC $295,000 $145,000 -50.8% 0.0%
First Resource Bank $830,000 $135,000 -83.7% 0.0%
NATIONS RELIABLE LENDING, LLC $135,000 n/a 0.0%
The State Bank of Faribault $105,000 $135,000 28.6% 0.0%
GENISYS $55,000 $130,000 136.4% 0.0%
POLARIS HOME FUNDING CORP. $175,000 $125,000 -28.6% 0.0%
Manufacturers and Traders Trust Company $115,000 n/a 0.0%
Figure Lending LLC $55,000 $105,000 90.9% 0.0%
PNC Bank $105,000 n/a 0.0%
S1L, Inc. $105,000 n/a 0.0%
BANKWEST, INC. $100,000 n/a 0.0%
CRESCENT MORTGAGE COMPANY $135,000 $95,000 -29.6% 0.0%
First National Bank of Omaha $95,000 n/a 0.0%
PHH Mortgage Corporation $95,000 n/a 0.0%
Great Southern Bank $85,000 $90,000 5.9% 0.0%
SHAREPOINT CREDIT UNION $85,000 $85,000 0.0% 0.0%
The First National Bank of River Falls $75,000 n/a 0.0%
Vermillion State Bank $520,000 $25,000 -95.2% 0.0%
MidWestOne Bank $245,000 $15,000 -93.9% 0.0%

Red Wing's top lender by overall market share is Merchants Bank, with 9.7% market share. In second place, with 7.1%, is Bell Bank, having originated $34,045,000 in loans. In third place, with 6.5%, is FREEDOM MORTGAGE CORPORATION, having originated $31,120,000 in loans. In third place, with 5.9%, is QUICKEN LOANS, LLC, having originated $28,350,000 in loans. In third place, with 4.6%, is Wells Fargo Bank, having originated $21,970,000 in loans.


Red Wing, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 855 $212,235,000 $248,228
Refi 763 $155,285,000 $203,519
Cash Out Refi 506 $105,130,000 $207,767
Home Improvement 62 $5,530,000 $89,194
Other 48 $3,020,000 $62,917

Red Wing's most frequently cited loan purpose was Home Purchase, with 855 originations. The 2nd most popular reason was Refi, with 763 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 951 $209,265,000 $220,047
3-4% 720 $163,570,000 $227,181
<2.5% 431 $87,155,000 $202,216
4-5% 50 $6,990,000 $139,800
Over 8% 12 $710,000 $59,167
5-6% 9 $625,000 $69,444
7-8% 7 $455,000 $65,000
6-7% 5 $365,000 $73,000

During 2021, Red Wing's most frequently originated rate bucket was 2.5-3%, with 951 originations.

Loan Sizing (Red Wing, MN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 962 $256,420,000 $266,549
$100k-200k 874 $135,370,000 $154,886
$100,000 or less 268 $14,010,000 $52,276
$400k-600k 116 $53,330,000 $459,741
$600k-1000k 10 $7,090,000 $709,000
$Over $1MM 4 $14,980,000 $3,745,000

Red Wing's loan sizing saw the bucket of loans from $200k-400k with 962 originations, totaling $256,420,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 770 $185,370,000 $240,740
60-80% 736 $181,810,000 $247,024
40-60% 283 $51,635,000 $182,456
Under 20% 145 $5,915,000 $40,793
20-40% 114 $13,630,000 $119,561
Over 100% 18 $4,860,000 $270,000

Red Wing's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 770 originations, totaling $185,370,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Red Wing (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 $237,400 (0.0%) $276,822 (-7.1%) 0.00 138
2018-02-01 $243,450 (3.2%) $285,818 (-7.0%) 0.00 150
2018-03-01 $244,900 (-9.0%) $280,800 (-9.6%) 0.00 153
2018-04-01 $264,000 (1.9%) $301,301 (0.7%) 0.00 166
2018-05-01 $274,900 (6.1%) $310,592 (3.5%) 0.00 184
2018-06-01 $279,900 (7.7%) $313,063 (4.7%) 0.00 198
2018-07-01 $289,900 (16.0%) $311,178 (5.5%) 0.00 207
2018-08-01 $272,375 (11.0%) $299,299 (-0.5%) 0.00 222
2018-09-01 $274,900 (12.3%) $298,886 (-0.9%) 0.00 241
2018-10-01 $270,000 (8.0%) $291,946 (-3.9%) 0.00 248
2018-11-01 $283,900 (15.8%) $300,890 (-0.2%) 0.00 226
2018-12-01 $289,900 (26.0%) $309,232 (9.1%) 0.00 198
2019-01-01 $269,950 (13.7%) $302,617 (9.3%) 0.00 135
2019-02-01 $274,700 (12.8%) $313,039 (9.5%) 0.00 127
2019-03-01 $288,471 (17.8%) $318,787 (13.5%) 0.00 135
2019-04-01 $291,471 (10.4%) $317,915 (5.5%) 0.00 152
2019-05-01 $282,450 (2.8%) $306,643 (-1.3%) 0.00 169
2019-06-01 $275,000 (-1.8%) $299,544 (-4.3%) 0.00 190
2019-07-01 $269,500 (-7.0%) $293,939 (-5.5%) 0.00 197
2019-08-01 $265,386 (-2.6%) $295,598 (-1.2%) 0.00 206
2019-09-01 $259,900 (-5.5%) $298,789 (0.0%) 0.00 209
2019-10-01 $258,950 (-4.1%) $296,564 (1.6%) 0.00 214
2019-11-01 $249,000 (-12.3%) $289,090 (-3.9%) 0.00 208
2019-12-01 $239,950 (-17.2%) $286,332 (-7.4%) 0.00 177
2020-01-01 $259,900 (-3.7%) $296,006 (-2.2%) 0.00 158
2020-02-01 $269,900 (-1.8%) $302,207 (-3.5%) 0.00 148
2020-03-01 $269,900 (-6.4%) $312,595 (-1.9%) 0.00 153
2020-04-01 $270,500 (-7.2%) $321,663 (1.2%) 0.00 141
2020-05-01 $285,000 (0.9%) $329,756 (7.5%) 0.00 162
2020-06-01 $274,950 (0.0%) $320,972 (7.2%) 0.00 163
2020-07-01 $291,950 (8.3%) $330,997 (12.6%) 0.00 139
2020-08-01 $314,900 (18.7%) $344,797 (16.6%) 0.00 128
2020-09-01 $299,950 (15.4%) $338,052 (13.1%) 0.00 138
2020-10-01 $299,000 (15.5%) $318,939 (7.5%) 0.00 135
2020-11-01 $292,450 (17.5%) $316,806 (9.6%) 0.00 130
2020-12-01 $280,250 (16.8%) $301,964 (5.5%) 0.00 101
2021-01-01 $295,000 (13.5%) $317,217 (7.2%) 0.00 76
2021-02-01 $304,950 (13.0%) $333,310 (10.3%) 0.00 64
2021-03-01 $335,945 (24.5%) $367,243 (17.5%) 0.00 59
2021-04-01 $333,495 (23.3%) $362,416 (12.7%) 0.00 61
2021-05-01 $295,000 (3.5%) $346,024 (4.9%) 0.00 78
2021-06-01 $299,900 (9.1%) $366,743 (14.3%) 0.00 85
2021-07-01 $310,000 (6.2%) $367,092 (10.9%) 0.00 82
2021-08-01 $299,900 (-4.8%) $356,560 (3.4%) 0.00 93
2021-09-01 $301,950 (0.7%) $387,492 (14.6%) 0.00 96
2021-10-01 $299,900 (0.3%) $383,073 (20.1%) 0.00 108
2021-11-01 $294,950 (0.9%) $340,596 (7.5%) 0.00 86
2021-12-01 $302,400 (7.9%) $360,872 (19.5%) 0.00 68
2022-01-01 $304,900 (3.4%) $354,257 (11.7%) 0.00 63
2022-02-01 $302,450 (-0.8%) $362,870 (8.9%) 0.00 45
2022-03-01 $319,450 (-4.9%) $432,539 (17.8%) 0.00 54
2022-04-01 $319,900 (-4.1%) $435,136 (20.1%) 0.00 64
2022-05-01 $315,000 (6.8%) $415,589 (20.1%) 0.00 75
2022-06-01 $312,450 (4.2%) $396,441 (8.1%) 0.00 95
Red Wing's median listing price for 2022-06-01 was $312,450, a difference of $12,550 (4.2%) versus the prior year and $-2,550 versus the prior month.

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

Red Wing's average listing price for 2022-06-01 was $396,441, a difference of $29,698 (8.1%) versus the prior year and $-19,148 versus the prior month.

For the 2022-06-01 period, Red Wing had 95 MLS listings, a difference of 20 listings (27%) versus the prior month and 10 listings (12%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Red Wing (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,172 sqft
2018-02-01 0 days 2,228 sqft
2018-03-01 0 days 2,263 sqft
2018-04-01 0 days 2,366 sqft
2018-05-01 0 days 2,258 sqft
2018-06-01 0 days 2,180 sqft
2018-07-01 0 days 2,176 sqft
2018-08-01 0 days 2,106 sqft
2018-09-01 0 days 2,157 sqft
2018-10-01 0 days 2,106 sqft
2018-11-01 0 days 2,094 sqft
2018-12-01 0 days 2,048 sqft
2019-01-01 0 days 1,876 sqft
2019-02-01 0 days 1,945 sqft
2019-03-01 0 days 2,045 sqft
2019-04-01 0 days 2,048 sqft
2019-05-01 0 days 2,045 sqft
2019-06-01 0 days 1,970 sqft
2019-07-01 0 days 1,867 sqft
2019-08-01 0 days 1,893 sqft
2019-09-01 0 days 1,894 sqft
2019-10-01 0 days 1,931 sqft
2019-11-01 0 days 1,848 sqft
2019-12-01 0 days 1,836 sqft
2020-01-01 0 days 1,890 sqft
2020-02-01 0 days 1,824 sqft
2020-03-01 0 days 1,844 sqft
2020-04-01 0 days 1,823 sqft
2020-05-01 0 days 1,896 sqft
2020-06-01 0 days 1,840 sqft
2020-07-01 0 days 1,902 sqft
2020-08-01 0 days 1,936 sqft
2020-09-01 0 days 1,951 sqft
2020-10-01 0 days 1,972 sqft
2020-11-01 0 days 1,924 sqft
2020-12-01 0 days 1,836 sqft
2021-01-01 0 days 1,856 sqft
2021-02-01 0 days 1,677 sqft
2021-03-01 0 days 1,748 sqft
2021-04-01 0 days 1,883 sqft
2021-05-01 0 days 1,740 sqft
2021-06-01 0 days 1,825 sqft
2021-07-01 0 days 1,810 sqft
2021-08-01 0 days 1,774 sqft
2021-09-01 0 days 1,911 sqft
2021-10-01 0 days 1,665 sqft
2021-11-01 0 days 1,586 sqft
2021-12-01 0 days 1,571 sqft
2022-01-01 0 days 1,590 sqft
2022-02-01 0 days 2,172 sqft
2022-03-01 0 days 2,220 sqft
2022-04-01 0 days 2,184 sqft
2022-05-01 0 days 1,880 sqft
2022-06-01 0 days 1,948 sqft
Red Wing's median listing age (time on market) for 2022-06-01 was 0 days.

Red Wing's median square footage for active listings during the 2022-06-01 period was 1,948 sqft. One year prior, the average listing was 1,825 sqft.