Rock Springs Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Rock Springs averaged
6.81%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
7.18% and
one month ago for the week of 2023-10-26, the
average rate was 7.68%.
Rock Springs's average rate one year ago was 6.37%.
For refis of the same type during the week of 2023-11-30, the average rate
was 7.82%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
Rock Springs 30 Year Fixed Rate | 2023-11-30 | 6.81% |
Rock Springs 30 Year Fixed Rate Refi | 2023-11-30 | 7.82% |
Rock Springs 15 Year Fixed Rate | 2023-11-30 | 6.66% |
Rock Springs 15 Year Fixed Rate Refi | 2023-11-30 | 6.96% |
Rock Springs 30 Year FHA | 2023-11-30 | 6.31% |
Rock Springs 30 Year FHA Refi | 2023-11-30 | 6.95% |
Rock Springs 30 Year USDA | 2023-11-30 | 6.33% |
Rock Springs 30 Year USDA Refi | 2023-11-30 | 7% |
Rock Springs 30 Year VA | 2023-11-30 | 6.77% |
Rock Springs 30 Year VA Refi | 2023-11-30 | 6.87% |
Rock Springs 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 Rock Springs, WY 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.).
Rock Springs Average Closing Costs & Other Stats
Rock Springs, WY's 61 lenders originated 802
loans during 2022. The total origination value was $183,960,000, with an average loan value of
$229,377.
Rock Springs's average closing costs are $5,107.
The top Rock Springs lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
34 loans originated. Their average total fees are
$4,047, which is $1,907
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Rock Springs lenders (with over 10 loans originated) are
West Gate Bank ($2,604), Wells Fargo Bank ($3,440), UNITED WHOLESALE MORTGAGE, LLC ($4,047), LOANDEPOT.COM, LLC ($5,173) and U.S. Bank ($5,210).
The lowest rate Rock Springs lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC (4.20%), HOME POINT FINANCIAL CORPORATION (4.37%), U.S. Bank (4.41%), West Gate Bank (4.57%) and QUICKEN LOANS, LLC (4.78%).
Rock Springs, WY 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
UNITED WHOLESALE MORTGAGE, LLC | $50,660,000 | $26,000,000 | -48.7% | 14.1% |
QUICKEN LOANS, LLC | $43,610,000 | $16,650,000 | -61.8% | 9.1% |
HOME POINT FINANCIAL CORPORATION | $29,985,000 | $15,700,000 | -47.6% | 8.5% |
Wells Fargo Bank | $25,235,000 | $10,755,000 | -57.4% | 5.8% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $5,810,000 | $9,875,000 | 70.0% | 5.4% |
U.S. Bank | $12,810,000 | $7,190,000 | -43.9% | 3.9% |
Glacier Bank | $9,315,000 | $6,630,000 | -28.8% | 3.6% |
Flanagan State Bank | $13,735,000 | $6,470,000 | -52.9% | 3.5% |
CALIBER HOME LOANS, INC. | $19,750,000 | $5,785,000 | -70.7% | 3.1% |
First Interstate Bank | $5,325,000 | n/a | 2.9% | |
West Gate Bank | $16,935,000 | $4,825,000 | -71.5% | 2.6% |
LOANDEPOT.COM, LLC | $6,335,000 | $4,500,000 | -29.0% | 2.4% |
GUILD MORTGAGE COMPANY | $15,930,000 | $4,405,000 | -72.3% | 2.4% |
Mortgage Research Center, LLC | $4,745,000 | $3,640,000 | -23.3% | 2.0% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $3,425,000 | n/a | 1.9% | |
CRESCENT MORTGAGE COMPANY | $3,430,000 | $2,925,000 | -14.7% | 1.6% |
Flagstar Bank, FSB | $2,905,000 | $2,730,000 | -6.0% | 1.5% |
Utah Power | $6,720,000 | $2,555,000 | -62.0% | 1.4% |
Meridian Trust Federal Credit Union | $1,155,000 | $2,465,000 | 113.4% | 1.3% |
MOUNTAIN AMERICA | $2,305,000 | $2,445,000 | 6.1% | 1.3% |
FREEDOM MORTGAGE CORPORATION | $16,195,000 | $2,175,000 | -86.6% | 1.2% |
CROSSCOUNTRY MORTGAGE, LLC | $1,085,000 | $1,815,000 | 67.3% | 1.0% |
CHERRY CREEK MORTGAGE, LLC | $1,970,000 | $1,740,000 | -11.7% | 0.9% |
21ST MORTGAGE CORPORATION | $160,000 | $1,455,000 | 809.4% | 0.8% |
Plains Commerce Bank | $970,000 | $1,365,000 | 40.7% | 0.7% |
AMERISAVE MORTGAGE CORPORATION | $4,510,000 | $1,355,000 | -70.0% | 0.7% |
PENNYMAC LOAN SERVICES, LLC | $4,875,000 | $1,065,000 | -78.2% | 0.6% |
JPMorgan Chase Bank | $1,915,000 | $1,025,000 | -46.5% | 0.6% |
EVERETT FINANCIAL, INC. | $970,000 | n/a | 0.5% | |
Mr. Cooper ( Nationstar Mortgage ) | $3,490,000 | $910,000 | -73.9% | 0.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $155,000 | $875,000 | 464.5% | 0.5% |
Bank of the West | $2,000,000 | $860,000 | -57.0% | 0.5% |
NEWREZ LLC | $1,515,000 | $855,000 | -43.6% | 0.5% |
BROKER SOLUTIONS, INC. | $855,000 | $845,000 | -1.2% | 0.5% |
WYHY | $120,000 | $825,000 | 587.5% | 0.4% |
Jonah Bank of Wyoming | $510,000 | $815,000 | 59.8% | 0.4% |
NAVY FEDERAL CREDIT UNION | $775,000 | n/a | 0.4% | |
CENTENNIAL LENDING, LLC | $755,000 | n/a | 0.4% | |
BAY EQUITY LLC | $510,000 | $725,000 | 42.2% | 0.4% |
North American Savings Bank, F.S.B. | $205,000 | $670,000 | 226.8% | 0.4% |
USAA Federal Savings Bank | $1,540,000 | $625,000 | -59.4% | 0.3% |
Gateway First Bank | $360,000 | $580,000 | 61.1% | 0.3% |
KeyBank | $540,000 | n/a | 0.3% | |
Deseret First Credit Union | $530,000 | n/a | 0.3% | |
First Western Trust Bank | $505,000 | n/a | 0.3% | |
INTERCAP LENDING INC. | $645,000 | $500,000 | -22.5% | 0.3% |
AMERICAN ADVISORS GROUP | $65,000 | $480,000 | 638.5% | 0.3% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $280,000 | $465,000 | 66.1% | 0.3% |
NBKC BANK | $410,000 | $455,000 | 11.0% | 0.2% |
Barrington Bank & Trust Company, N.A. | $1,050,000 | $430,000 | -59.0% | 0.2% |
AMERICAN FINANCING CORPORATION | $875,000 | $385,000 | -56.0% | 0.2% |
SIRVA MORTGAGE, INC. | $375,000 | n/a | 0.2% | |
NEW DAY FINANCIAL, LLC | $1,230,000 | $365,000 | -70.3% | 0.2% |
Servion, Inc. | $325,000 | n/a | 0.2% | |
CHURCHILL MORTGAGE CORPORATION | $490,000 | $315,000 | -35.7% | 0.2% |
LADERA LENDING, INC. | $315,000 | n/a | 0.2% | |
First National Bank of Omaha | $285,000 | n/a | 0.2% | |
GUARANTEED RATE AFFINITY, LLC | $285,000 | n/a | 0.2% | |
PNC Bank | $630,000 | $285,000 | -54.8% | 0.2% |
VILLAGE CAPITAL MORTGAGE | $1,505,000 | $285,000 | -81.1% | 0.2% |
ACADEMY MORTGAGE CORPORATION | $155,000 | $280,000 | 80.6% | 0.2% |
NuVision Federal Credit Union | $265,000 | n/a | 0.1% | |
Carrington Mortgage Services, LLC | $1,565,000 | $260,000 | -83.4% | 0.1% |
EMBRACE HOME LOANS, INC. | $255,000 | n/a | 0.1% | |
GUARANTEED RATE, INC. | $815,000 | $255,000 | -68.7% | 0.1% |
Ally Bank | $245,000 | n/a | 0.1% | |
The Union Bank Company | $245,000 | n/a | 0.1% | |
FirstBank | $1,075,000 | $235,000 | -78.1% | 0.1% |
FIRST COLONY MORTGAGE CORPORATION | $135,000 | $235,000 | 74.1% | 0.1% |
Paramount Bank | $580,000 | $235,000 | -59.5% | 0.1% |
The Federal Savings Bank | $830,000 | $235,000 | -71.7% | 0.1% |
WESTERN VISTA | $235,000 | n/a | 0.1% | |
Hilltop National Bank | $175,000 | $215,000 | 22.9% | 0.1% |
Nations Lending Corporation | $215,000 | n/a | 0.1% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,025,000 | $210,000 | -79.5% | 0.1% |
Figure Lending LLC | $110,000 | $205,000 | 86.4% | 0.1% |
First Guaranty Mortgage Corporation | $615,000 | $205,000 | -66.7% | 0.1% |
PHH Mortgage Corporation | $205,000 | n/a | 0.1% | |
Wallick & Volk, Inc. | $900,000 | $205,000 | -77.2% | 0.1% |
Peak Financial | $195,000 | n/a | 0.1% | |
UNIVERSAL LENDING CORPORATION | $195,000 | n/a | 0.1% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $185,000 | n/a | 0.1% | |
PLANET HOME LENDING, LLC | $325,000 | $185,000 | -43.1% | 0.1% |
ITHINK FINANCIAL Credit Union | $175,000 | n/a | 0.1% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $170,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $175,000 | $165,000 | -5.7% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $2,430,000 | $155,000 | -93.6% | 0.1% |
Discover Bank | $85,000 | $125,000 | 47.1% | 0.1% |
NBH Bank | $450,000 | $125,000 | -72.2% | 0.1% |
REVERSE MORTGAGE FUNDING LLC | $115,000 | n/a | 0.1% | |
BANKWEST, INC. | $35,000 | $75,000 | 114.3% | 0.0% |
Deere Employees Credit Union | $55,000 | n/a | 0.0% | |
PENTAGON FEDERAL CREDIT UNION | $890,000 | $55,000 | -93.8% | 0.0% |
Rock Springs's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 14.1% market share. In second place, with 9.1%, is QUICKEN LOANS, LLC, having originated $16,650,000 in loans. In third place, with 8.5%, is HOME POINT FINANCIAL CORPORATION, having originated $15,700,000 in loans. In fourth place, with 5.8%, is Wells Fargo Bank, having originated $10,755,000 in loans. In fifth place, with 5.4%, is MORTGAGE SOLUTIONS OF COLORADO, LLC, having originated $9,875,000 in loans.
Rock Springs Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Rock Springs (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 | $229,900 (12.2%) | $266,166 (13.2%) | 0.00 | 231 |
2018-02-01 | $229,900 (13.6%) | $267,415 (13.7%) | 0.00 | 223 |
2018-03-01 | $242,000 (9.5%) | $270,704 (10.8%) | 0.00 | 217 |
2018-04-01 | $246,000 (5.8%) | $278,099 (7.9%) | 0.00 | 237 |
2018-05-01 | $243,450 (3.4%) | $280,137 (9.4%) | 0.00 | 229 |
2018-06-01 | $239,000 (-2.1%) | $275,272 (4.6%) | 0.00 | 259 |
2018-07-01 | $239,000 (-1.8%) | $271,081 (4.6%) | 0.00 | 261 |
2018-08-01 | $235,000 (-1.9%) | $273,826 (7.3%) | 0.00 | 260 |
2018-09-01 | $235,000 (-1.5%) | $267,813 (4.9%) | 0.00 | 261 |
2018-10-01 | $234,950 (3.6%) | $264,177 (6.7%) | 0.00 | 261 |
2018-11-01 | $231,450 (3.4%) | $265,723 (5.5%) | 0.00 | 243 |
2018-12-01 | $224,900 (-2.0%) | $263,012 (1.2%) | 0.00 | 228 |
2019-01-01 | $219,900 (-4.4%) | $259,019 (-2.7%) | 0.00 | 208 |
2019-02-01 | $219,925 (-4.3%) | $258,331 (-3.4%) | 0.00 | 221 |
2019-03-01 | $220,143 (-9.0%) | $258,320 (-4.6%) | 0.00 | 209 |
2019-04-01 | $224,900 (-8.6%) | $258,401 (-7.1%) | 0.00 | 196 |
2019-05-01 | $227,000 (-6.8%) | $260,777 (-6.9%) | 0.00 | 191 |
2019-06-01 | $229,900 (-3.8%) | $262,644 (-4.6%) | 0.00 | 191 |
2019-07-01 | $237,625 (-0.6%) | $270,528 (-0.2%) | 0.00 | 186 |
2019-08-01 | $239,818 (2.1%) | $271,896 (-0.7%) | 0.00 | 182 |
2019-09-01 | $244,420 (4.0%) | $272,228 (1.7%) | 0.00 | 185 |
2019-10-01 | $248,000 (5.6%) | $272,648 (3.2%) | 0.00 | 191 |
2019-11-01 | $248,000 (7.2%) | $276,698 (4.1%) | 0.00 | 170 |
2019-12-01 | $239,850 (6.7%) | $279,898 (6.4%) | 0.00 | 166 |
2020-01-01 | $235,225 (7.0%) | $273,860 (5.7%) | 0.00 | 169 |
2020-02-01 | $232,950 (5.9%) | $272,153 (5.4%) | 0.00 | 164 |
2020-03-01 | $228,450 (3.8%) | $264,371 (2.3%) | 0.00 | 175 |
2020-04-01 | $228,000 (1.4%) | $273,004 (5.7%) | 0.00 | 171 |
2020-05-01 | $228,000 (0.4%) | $269,334 (3.3%) | 0.00 | 173 |
2020-06-01 | $232,450 (1.1%) | $274,001 (4.3%) | 0.00 | 168 |
2020-07-01 | $234,075 (-1.5%) | $273,309 (1.0%) | 0.00 | 174 |
2020-08-01 | $232,400 (-3.1%) | $274,601 (1.0%) | 0.00 | 178 |
2020-09-01 | $234,950 (-3.9%) | $268,217 (-1.5%) | 0.00 | 179 |
2020-10-01 | $233,225 (-6.0%) | $269,936 (-1.0%) | 0.00 | 174 |
2020-11-01 | $228,500 (-7.9%) | $266,933 (-3.5%) | 0.00 | 159 |
2020-12-01 | $224,975 (-6.2%) | $262,871 (-6.1%) | 0.00 | 152 |
2021-01-01 | $224,900 (-4.4%) | $259,206 (-5.4%) | 0.00 | 139 |
2021-02-01 | $232,450 (-0.2%) | $261,880 (-3.8%) | 0.00 | 125 |
2021-03-01 | $225,250 (-1.4%) | $258,488 (-2.2%) | 0.00 | 117 |
2021-04-01 | $223,500 (-2.0%) | $260,929 (-4.4%) | 0.00 | 105 |
2021-05-01 | $219,000 (-4.0%) | $273,993 (1.7%) | 0.00 | 89 |
2021-06-01 | $219,750 (-5.5%) | $269,502 (-1.6%) | 0.00 | 98 |
2021-07-01 | $222,000 (-5.2%) | $261,195 (-4.4%) | 0.00 | 91 |
2021-08-01 | $220,000 (-5.3%) | $264,879 (-3.5%) | 0.00 | 92 |
2021-09-01 | $224,900 (-4.3%) | $264,222 (-1.5%) | 0.00 | 90 |
2021-10-01 | $227,500 (-2.5%) | $260,237 (-3.6%) | 0.00 | 84 |
2021-11-01 | $222,450 (-2.7%) | $239,272 (-10.4%) | 0.00 | 83 |
2021-12-01 | $226,550 (0.7%) | $242,889 (-7.6%) | 0.00 | 69 |
2022-01-01 | $225,000 (0.0%) | $261,114 (0.7%) | 0.00 | 64 |
2022-02-01 | $222,200 (-4.4%) | $263,492 (0.6%) | 0.00 | 57 |
2022-03-01 | $230,000 (2.1%) | $274,711 (6.3%) | 0.00 | 62 |
2022-04-01 | $238,000 (6.5%) | $294,111 (12.7%) | 0.00 | 58 |
2022-05-01 | $251,000 (14.6%) | $316,710 (15.6%) | 0.00 | 74 |
2022-06-01 | $229,000 (4.2%) | $309,163 (14.7%) | 0.00 | 69 |
2022-07-01 | $229,900 (3.6%) | $333,715 (27.8%) | 0.00 | 75 |
2022-08-01 | $236,000 (7.3%) | $347,857 (31.3%) | 0.00 | 83 |
2022-09-01 | $241,500 (7.4%) | $342,061 (29.5%) | 0.00 | 76 |
2022-10-01 | $249,450 (9.7%) | $355,921 (36.8%) | 0.00 | 68 |
2022-11-01 | $242,950 (9.2%) | $349,909 (46.2%) | 0.00 | 70 |
2022-12-01 | $255,000 (12.6%) | $359,782 (48.1%) | 0.00 | 66 |
2023-01-01 | $255,000 (13.3%) | $335,143 (28.4%) | 0.00 | 64 |
2023-02-01 | $282,925 (27.3%) | $355,007 (34.7%) | 0.00 | 62 |
2023-03-01 | $302,925 (31.7%) | $367,813 (33.9%) | 0.00 | 53 |
2023-04-01 | $291,000 (22.3%) | $366,055 (24.5%) | 0.00 | 56 |
2023-05-01 | $287,450 (14.5%) | $344,901 (8.9%) | 0.00 | 60 |
2023-06-01 | $314,975 (37.5%) | $341,514 (10.5%) | 0.00 | 69 |
2023-07-01 | $310,000 (34.8%) | $340,790 (2.1%) | 0.00 | 87 |
2023-08-01 | $309,975 (31.4%) | $338,541 (-2.7%) | 0.00 | 91 |
2023-09-01 | $315,000 (30.4%) | $334,766 (-2.1%) | 0.00 | 103 |
2023-10-01 | $311,875 (25.0%) | $328,178 (-7.8%) | 0.00 | 90 |
2023-11-01 | $296,000 (21.8%) | $321,567 (-8.1%) | 0.00 | 91 |
Rock Springs's median listing price comes in at 0% of the national average.
Rock Springs's average listing price for 2023-11-01 was $321,567, a difference of $-28,342 (-8.1%) versus the prior year and $-6,611 versus the prior month.
For the 2023-11-01 period, Rock Springs had 91 MLS listings, a difference of 1 listings (1%) versus the prior month and 21 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Rock Springs (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,141 sqft |
2018-02-01 | 0 days | 2,122 sqft |
2018-03-01 | 0 days | 2,166 sqft |
2018-04-01 | 0 days | 2,244 sqft |
2018-05-01 | 0 days | 2,291 sqft |
2018-06-01 | 0 days | 2,176 sqft |
2018-07-01 | 0 days | 2,224 sqft |
2018-08-01 | 0 days | 2,247 sqft |
2018-09-01 | 0 days | 2,222 sqft |
2018-10-01 | 0 days | 2,227 sqft |
2018-11-01 | 0 days | 2,193 sqft |
2018-12-01 | 0 days | 2,176 sqft |
2019-01-01 | 0 days | 2,064 sqft |
2019-02-01 | 0 days | 2,064 sqft |
2019-03-01 | 0 days | 2,064 sqft |
2019-04-01 | 0 days | 2,049 sqft |
2019-05-01 | 0 days | 2,050 sqft |
2019-06-01 | 0 days | 2,049 sqft |
2019-07-01 | 0 days | 2,088 sqft |
2019-08-01 | 0 days | 2,113 sqft |
2019-09-01 | 0 days | 2,158 sqft |
2019-10-01 | 0 days | 2,187 sqft |
2019-11-01 | 0 days | 2,263 sqft |
2019-12-01 | 0 days | 2,136 sqft |
2020-01-01 | 0 days | 2,097 sqft |
2020-02-01 | 0 days | 2,060 sqft |
2020-03-01 | 0 days | 2,056 sqft |
2020-04-01 | 0 days | 2,024 sqft |
2020-05-01 | 0 days | 2,016 sqft |
2020-06-01 | 0 days | 2,035 sqft |
2020-07-01 | 0 days | 2,096 sqft |
2020-08-01 | 0 days | 2,112 sqft |
2020-09-01 | 0 days | 2,112 sqft |
2020-10-01 | 0 days | 2,104 sqft |
2020-11-01 | 0 days | 2,082 sqft |
2020-12-01 | 0 days | 2,013 sqft |
2021-01-01 | 0 days | 1,932 sqft |
2021-02-01 | 0 days | 1,949 sqft |
2021-03-01 | 0 days | 1,971 sqft |
2021-04-01 | 0 days | 1,973 sqft |
2021-05-01 | 0 days | 1,984 sqft |
2021-06-01 | 0 days | 2,016 sqft |
2021-07-01 | 0 days | 1,996 sqft |
2021-08-01 | 0 days | 1,980 sqft |
2021-09-01 | 0 days | 1,953 sqft |
2021-10-01 | 0 days | 2,016 sqft |
2021-11-01 | 0 days | 1,963 sqft |
2021-12-01 | 0 days | 1,967 sqft |
2022-01-01 | 0 days | 1,978 sqft |
2022-02-01 | 0 days | 2,112 sqft |
2022-03-01 | 0 days | 2,142 sqft |
2022-04-01 | 0 days | 2,082 sqft |
2022-05-01 | 0 days | 2,091 sqft |
2022-06-01 | 0 days | 1,980 sqft |
2022-07-01 | 0 days | 2,016 sqft |
2022-08-01 | 0 days | 2,109 sqft |
2022-09-01 | 0 days | 2,104 sqft |
2022-10-01 | 0 days | 1,992 sqft |
2022-11-01 | 0 days | 1,981 sqft |
2022-12-01 | 0 days | 1,976 sqft |
2023-01-01 | 0 days | 1,966 sqft |
2023-02-01 | 0 days | 2,120 sqft |
2023-03-01 | 0 days | 2,187 sqft |
2023-04-01 | 0 days | 2,224 sqft |
2023-05-01 | 0 days | 2,368 sqft |
2023-06-01 | 0 days | 2,456 sqft |
2023-07-01 | 0 days | 2,314 sqft |
2023-08-01 | 0 days | 2,285 sqft |
2023-09-01 | 0 days | 2,280 sqft |
2023-10-01 | 0 days | 2,122 sqft |
2023-11-01 | 0 days | 2,065 sqft |
Rock Springs's median square footage for active listings during the 2023-11-01 period was 2,065 sqft. One year prior, the average listing was 1,981 sqft.
Rock Springs, WY Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 523 | $131,915,000 | $252,228 |
Cash Out Refi | 115 | $26,455,000 | $230,043 |
Refi | 105 | $20,085,000 | $191,286 |
Other | 43 | $4,245,000 | $98,721 |
Home Improvement | 16 | $1,260,000 | $78,750 |
Rock Springs's most frequently cited loan purpose was Home Purchase, with 523 originations. The 2nd most popular reason was Cash Out Refi, with 115 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 221 | $50,165,000 | $226,991 |
3-4% | 185 | $45,075,000 | $243,649 |
5-6% | 169 | $45,435,000 | $268,846 |
6-7% | 79 | $16,495,000 | $208,797 |
2.5-3% | 65 | $14,795,000 | $227,615 |
<2.5% | 43 | $4,915,000 | $114,302 |
7-8% | 25 | $4,365,000 | $174,600 |
Over 8% | 11 | $705,000 | $64,091 |
During 2022, Rock Springs's most frequently originated rate bucket was 4-5%, with 221 originations.
Loan Sizing (Rock Springs, WY MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 394 | $106,920,000 | $271,371 |
$100k-200k | 241 | $37,505,000 | $155,622 |
$100,000 or less | 106 | $5,810,000 | $54,811 |
$400k-600k | 56 | $26,250,000 | $468,750 |
$600k-1000k | 4 | $2,640,000 | $660,000 |
$Over $1MM | 1 | $4,835,000 | $4,835,000 |
Rock Springs's loan sizing saw the bucket of loans from $200k-400k with 394 originations, totaling $106,920,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 431 | $111,655,000 | $259,060 |
60-80% | 182 | $44,960,000 | $247,033 |
40-60% | 69 | $11,825,000 | $171,377 |
Under 20% | 53 | $2,045,000 | $38,585 |
20-40% | 37 | $3,915,000 | $105,811 |
Over 100% | 18 | $5,280,000 | $293,333 |
Rock Springs's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 431 originations, totaling $111,655,000 in origination value.