Rexburg Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Rexburg averaged
6.63%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
6.75% and
one month ago for the week of 2024-06-13, the
average rate was 6.81%.
Rexburg's average rate one year ago was 6.62%.
For refis of the same type during the week of 2024-07-18, the average rate
was 6.77%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Rexburg 30 Year Fixed Rate | 2024-07-18 | 6.63% |
| Rexburg 30 Year Fixed Rate Refi | 2024-07-18 | 6.77% |
| Rexburg 15 Year Fixed Rate | 2024-07-18 | 5.95% |
| Rexburg 15 Year Fixed Rate Refi | 2024-07-18 | 6.55% |
| Rexburg 30 Year FHA | 2024-07-18 | 6.79% |
| Rexburg 30 Year FHA Refi | 2024-07-18 | 6.89% |
| Rexburg 30 Year USDA | 2024-07-18 | 6.53% |
| Rexburg 30 Year USDA Refi | 2024-07-18 | 6.73% |
| Rexburg 30 Year VA | 2024-07-18 | 6.1% |
| Rexburg 30 Year VA Refi | 2024-07-18 | 6.3% |
Rexburg 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 Rexburg, ID 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.).
Rexburg Average Closing Costs & Other Stats
Rexburg, ID's 68 lenders originated 905
loans during 2023. The total origination value was $260,965,000, with an average loan value of
$288,359.
Rexburg's average closing costs are $6,269.
The top Rexburg lender as defined by loan originations is IDAHO CENTRAL, with
64 loans originated. Their average total fees are
$7,671, which is $2,322
higher than the next largest lender,
BEEHIVE.
The lowest fee Rexburg lenders (with over 10 loans originated) are
BEEHIVE ($5,349), MANN FINANCIAL INC. ($6,946), Bank of Idaho ($7,534), IDAHO CENTRAL ($7,671) and UNITED WHOLESALE MORTGAGE, LLC ($7,891).
The lowest rate Rexburg lenders (with over 10 loans originated) are
IDAHO CENTRAL (6.53%), QUICKEN LOANS, LLC (6.55%), BEEHIVE (6.56%), MANN FINANCIAL INC. (6.58%) and CANOPY MORTGAGE, LLC (6.60%).
Rexburg, ID 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 |
|---|---|---|---|---|
| IDAHO CENTRAL | $64,290,000 | $37,185,000 | -42.2% | 14.2% |
| BEEHIVE | $32,460,000 | $30,885,000 | -4.9% | 11.8% |
| Wells Fargo Bank | $2,880,000 | $22,095,000 | 667.2% | 8.5% |
| CANOPY MORTGAGE, LLC | $30,570,000 | $14,155,000 | -53.7% | 5.4% |
| MOUNTAIN AMERICA | $30,680,000 | $12,690,000 | -58.6% | 4.9% |
| MANN FINANCIAL INC. | $8,425,000 | $10,580,000 | 25.6% | 4.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $13,325,000 | $9,975,000 | -25.1% | 3.8% |
| Zions Bank | $20,375,000 | $9,850,000 | -51.7% | 3.8% |
| QUICKEN LOANS, LLC | $12,010,000 | $7,210,000 | -40.0% | 2.8% |
| U.S. Bank | $5,315,000 | $5,645,000 | 6.2% | 2.2% |
| D. L. Evans Bank | $6,345,000 | $5,425,000 | -14.5% | 2.1% |
| FIRST COLONY MORTGAGE CORPORATION | $4,280,000 | $4,860,000 | 13.6% | 1.9% |
| Bank of Idaho | $5,630,000 | $4,745,000 | -15.7% | 1.8% |
| Glacier Bank | $9,915,000 | $4,070,000 | -59.0% | 1.6% |
| The Bank of Commerce | $7,745,000 | $3,900,000 | -49.6% | 1.5% |
| Flagstar Bank, FSB | $6,415,000 | $3,730,000 | -41.9% | 1.4% |
| ACADEMY MORTGAGE CORPORATION | $2,210,000 | $3,550,000 | 60.6% | 1.4% |
| CHURCHILL MORTGAGE CORPORATION | $405,000 | $3,300,000 | 714.8% | 1.3% |
| Eagle Bank and Trust Company | $7,870,000 | $2,915,000 | -63.0% | 1.1% |
| KeyBank | $7,525,000 | $2,615,000 | -65.2% | 1.0% |
| S1L, Inc. | $5,740,000 | $2,270,000 | -60.5% | 0.9% |
| EAST IDAHO Credit Union | $1,645,000 | $2,085,000 | 26.7% | 0.8% |
| CAPITAL EDUCATORS FEDERAL CREDIT UNION | $995,000 | $2,040,000 | 105.0% | 0.8% |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,115,000 | $2,000,000 | 79.4% | 0.8% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $965,000 | $1,980,000 | 105.2% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $730,000 | $1,865,000 | 155.5% | 0.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,500,000 | $1,820,000 | 21.3% | 0.7% |
| VERITAS FUNDING, LLC | $1,920,000 | $1,780,000 | -7.3% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,780,000 | $1,670,000 | -39.9% | 0.6% |
| GUILD MORTGAGE COMPANY | $5,365,000 | $1,615,000 | -69.9% | 0.6% |
| AMERICA FIRST | $3,265,000 | $1,515,000 | -53.6% | 0.6% |
| SUMMIT FUNDING, INC. | $945,000 | $1,515,000 | 60.3% | 0.6% |
| LOANDEPOT.COM, LLC | $2,145,000 | $1,485,000 | -30.8% | 0.6% |
| GOLDENWEST | $1,400,000 | $1,460,000 | 4.3% | 0.6% |
| Truist | $1,150,000 | n/a | 0.4% | |
| INTERCAP LENDING INC. | $1,145,000 | $1,125,000 | -1.7% | 0.4% |
| First International Bank & Trust | $1,105,000 | n/a | 0.4% | |
| STARBOARD FINANCIAL MANAGEMENT, LLC | $325,000 | $1,100,000 | 238.5% | 0.4% |
| Gateway First Bank | $1,155,000 | $1,080,000 | -6.5% | 0.4% |
| JPMorgan Chase Bank | $1,330,000 | $1,070,000 | -19.5% | 0.4% |
| CORNERSTONE HOME LENDING, INC. | $425,000 | $1,045,000 | 145.9% | 0.4% |
| Mortgage Research Center, LLC | $2,445,000 | $1,030,000 | -57.9% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $2,140,000 | $930,000 | -56.5% | 0.4% |
| Century Mortgage Company DBA Century Lending Company | $545,000 | $920,000 | 68.8% | 0.4% |
| BROKER SOLUTIONS, INC. | $735,000 | $895,000 | 21.8% | 0.3% |
| Utah Power | $705,000 | $885,000 | 25.5% | 0.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,710,000 | $870,000 | -49.1% | 0.3% |
| AMERICAN FINANCING CORPORATION | $575,000 | $860,000 | 49.6% | 0.3% |
| Deseret First Credit Union | $585,000 | $820,000 | 40.2% | 0.3% |
| Bank of Utah | $800,000 | n/a | 0.3% | |
| Washington Federal Bank | $4,320,000 | $760,000 | -82.4% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $725,000 | n/a | 0.3% | |
| First Federal Bank of Kansas City | $705,000 | n/a | 0.3% | |
| CROSSCOUNTRY MORTGAGE, LLC | $1,810,000 | $695,000 | -61.6% | 0.3% |
| The Federal Savings Bank | $385,000 | $685,000 | 77.9% | 0.3% |
| CASTLE & COOKE MORTGAGE, LLC | $315,000 | $645,000 | 104.8% | 0.2% |
| VAN DYK MORTGAGE CORPORATION | $600,000 | n/a | 0.2% | |
| Utah Mortgage Loan Corporation | $585,000 | n/a | 0.2% | |
| WESTMARK Credit Union | $3,320,000 | $580,000 | -82.5% | 0.2% |
| NFM, INC. | $530,000 | n/a | 0.2% | |
| Morgan Stanley Private Bank | $525,000 | n/a | 0.2% | |
| LADERA LENDING, INC. | $215,000 | $500,000 | 132.6% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $330,000 | $480,000 | 45.5% | 0.2% |
| LIMA ONE CAPITAL, LLC | $475,000 | n/a | 0.2% | |
| FIRST COMMUNITY MORTGAGE, INC. | $425,000 | $450,000 | 5.9% | 0.2% |
| Bank of England | $335,000 | $445,000 | 32.8% | 0.2% |
| Citibank | $445,000 | n/a | 0.2% | |
| FINANCE OF AMERICA REVERSE LLC | $445,000 | n/a | 0.2% | |
| AMWEST FUNDING CORP. | $435,000 | n/a | 0.2% | |
| SECURITY HOME MORTGAGE, LLC. | $480,000 | $395,000 | -17.7% | 0.2% |
| Discover Bank | $140,000 | $375,000 | 167.9% | 0.1% |
| NEW DAY FINANCIAL, LLC | $185,000 | $365,000 | 97.3% | 0.1% |
| UNION HOME MORTGAGE CORP. | $355,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $680,000 | $335,000 | -50.7% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $335,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $325,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $325,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $305,000 | n/a | 0.1% | |
| NBH Bank | $305,000 | n/a | 0.1% | |
| TRANSWEST CREDIT UNION | $305,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $1,990,000 | $295,000 | -85.2% | 0.1% |
| GUARANTEED RATE, INC. | $295,000 | n/a | 0.1% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $285,000 | n/a | 0.1% | |
| Bank of America | $800,000 | $280,000 | -65.0% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,545,000 | $270,000 | -82.5% | 0.1% |
| Citizens Bank | $900,000 | $265,000 | -70.6% | 0.1% |
| Boeing Employees Credit Union | $885,000 | $255,000 | -71.2% | 0.1% |
| POLARIS HOME FUNDING CORP. | $255,000 | n/a | 0.1% | |
| ADVANTAGE PLUS | $585,000 | $245,000 | -58.1% | 0.1% |
| Magnolia Bank | $245,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $1,395,000 | $245,000 | -82.4% | 0.1% |
| CARDINAL FINANCIAL | $1,200,000 | $225,000 | -81.3% | 0.1% |
| LOANPAL, LLC | $225,000 | n/a | 0.1% | |
| M&T Bank | $345,000 | $225,000 | -34.8% | 0.1% |
| Franklin Loan Corporation | $215,000 | n/a | 0.1% | |
| Summit Mortgage Corporation | $215,000 | n/a | 0.1% | |
| AXIA FINANCIAL, LLC | $205,000 | n/a | 0.1% | |
| First Federal Bank | $205,000 | n/a | 0.1% | |
| FREEDOM MORTGAGE CORPORATION | $205,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $225,000 | $205,000 | -8.9% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $190,000 | n/a | 0.1% | |
| Citadel Servicing Corporation | $185,000 | n/a | 0.1% | |
| ENVOY MORTGAGE, LTD | $175,000 | n/a | 0.1% | |
| BELEM SERVICING LLC | $570,000 | $155,000 | -72.8% | 0.1% |
| NEWREZ LLC | $420,000 | $155,000 | -63.1% | 0.1% |
| NAVY FEDERAL CREDIT UNION | $740,000 | $140,000 | -81.1% | 0.1% |
| CALIBER HOME LOANS, INC. | $7,320,000 | $125,000 | -98.3% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $85,000 | $120,000 | 41.2% | 0.0% |
| Figure Lending LLC | $95,000 | n/a | 0.0% | |
| Washington Trust Bank | $35,000 | n/a | 0.0% |
Rexburg's top lender by overall market share is IDAHO CENTRAL, with 14.2% market share. In second place, with 11.8%, is BEEHIVE, having originated $30,885,000 in loans. In third place, with 8.5%, is Wells Fargo Bank, having originated $22,095,000 in loans. In fourth place, with 5.4%, is CANOPY MORTGAGE, LLC, having originated $14,155,000 in loans. In fifth place, with 4.9%, is MOUNTAIN AMERICA, having originated $12,690,000 in loans.
Rexburg, ID Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 439 | $148,785,000 | $338,918 |
| Other | 142 | $19,510,000 | $137,394 |
| Cash Out Refi | 138 | $27,560,000 | $199,710 |
| Refi | 99 | $53,945,000 | $544,899 |
| Home Improvement | 87 | $11,165,000 | $128,333 |
Rexburg's most frequently cited loan purpose was Home Purchase, with 439 originations. The 2nd most popular reason was Other, with 142 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 269 | $106,725,000 | $396,747 |
| 7-8% | 262 | $65,640,000 | $250,534 |
| Over 8% | 205 | $28,045,000 | $136,805 |
| 5-6% | 147 | $51,025,000 | $347,109 |
| 4-5% | 11 | $4,225,000 | $384,091 |
| <2.5% | 2 | $300,000 | $150,000 |
| 3-4% | 1 | $205,000 | $205,000 |
| 2.5-3% | 1 | $475,000 | $475,000 |
During 2023, Rexburg's most frequently originated rate bucket was 6-7%, with 269 originations.
Loan Sizing (Rexburg, ID MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 359 | $101,675,000 | $283,217 |
| $100,000 or less | 218 | $11,350,000 | $52,064 |
| $100k-200k | 151 | $21,925,000 | $145,199 |
| $400k-600k | 113 | $53,555,000 | $473,938 |
| $600k-1000k | 53 | $37,315,000 | $704,057 |
| $Over $1MM | 11 | $35,145,000 | $3,195,000 |
Rexburg's loan sizing saw the bucket of loans from $200k-400k with 359 originations, totaling $101,675,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 252 | $88,820,000 | $352,460 |
| Under 20% | 201 | $12,245,000 | $60,920 |
| 60-80% | 188 | $74,370,000 | $395,585 |
| 20-40% | 132 | $21,360,000 | $161,818 |
| 40-60% | 117 | $57,055,000 | $487,650 |
| Over 100% | 6 | $2,110,000 | $351,667 |
Rexburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 252 originations, totaling $88,820,000 in origination value.