Ruston Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Ruston averaged
6.87%
for the week of 2024-11-14, compared to the national average of
6.78% for the same period.
The average rate for the prior week (2024-11-07) was
6.88% and
one month ago for the week of 2024-10-10, the
average rate was 6.51%.
Ruston's average rate one year ago was 7.59%.
For refis of the same type during the week of 2024-11-14, the average rate
was 6.68%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-11-14 | 6.78% |
Ruston 30 Year Fixed Rate | 2024-11-14 | 6.87% |
Ruston 30 Year Fixed Rate Refi | 2024-11-14 | 6.68% |
Ruston 15 Year Fixed Rate | 2024-11-14 | 5.99% |
Ruston 15 Year Fixed Rate Refi | 2024-11-14 | 6.19% |
Ruston 30 Year FHA | 2024-11-14 | 0.2% |
Ruston 30 Year FHA Refi | 2024-11-14 | 0.1% |
Ruston 30 Year USDA | 2024-11-14 | 0.1% |
Ruston 30 Year USDA Refi | 2024-11-14 | -0.1% |
Ruston 30 Year VA | 2024-11-14 | 0.1% |
Ruston 30 Year VA Refi | 2024-11-14 | 0.1% |
Ruston 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 Ruston, LA 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.).
Ruston Average Closing Costs & Other Stats
Ruston, LA's 42 lenders originated 554
loans during 2023. The total origination value was $121,240,000, with an average loan value of
$218,845.
Ruston's average closing costs are $4,982.
The top Ruston lender as defined by loan originations is Origin Bank, with
49 loans originated. Their average total fees are
$5,134, which is $942
lower than the next largest lender,
Century Next Bank.
The lowest fee Ruston lenders (with over 10 loans originated) are
Origin Bank ($5,134), Century Next Bank ($6,076), QUICKEN LOANS, LLC ($7,697), .
The lowest rate Ruston lenders (with over 10 loans originated) are
Century Next Bank (6.47%), Origin Bank (6.57%), QUICKEN LOANS, LLC (6.88%), .
Ruston, LA 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 |
---|---|---|---|---|
Origin Bank | $43,260,000 | $25,075,000 | -42.0% | 20.7% |
Century Next Bank | $28,655,000 | $10,750,000 | -62.5% | 8.9% |
First National Bank | $6,670,000 | $10,250,000 | 53.7% | 8.5% |
b1BANK | $7,095,000 | $9,810,000 | 38.3% | 8.1% |
Gibsland Bank & Trust Company | $7,850,000 | $6,800,000 | -13.4% | 5.6% |
MOVEMENT MORTGAGE, LLC | $6,830,000 | $4,870,000 | -28.7% | 4.0% |
QUICKEN LOANS, LLC | $5,725,000 | $4,280,000 | -25.2% | 3.5% |
Citizens National Bank, N.A. | $395,000 | $4,025,000 | 919.0% | 3.3% |
GMFS LLC | $4,395,000 | $3,375,000 | -23.2% | 2.8% |
21ST MORTGAGE CORPORATION | $2,365,000 | $2,510,000 | 6.1% | 2.1% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $925,000 | $1,825,000 | 97.3% | 1.5% |
Assurance Financial Group, L.L.C. | $945,000 | $1,705,000 | 80.4% | 1.4% |
CENTRIC | $3,350,000 | $1,680,000 | -49.9% | 1.4% |
BancorpSouth | $2,540,000 | $1,675,000 | -34.1% | 1.4% |
USAA Federal Savings Bank | $420,000 | $1,585,000 | 277.4% | 1.3% |
First Horizon Bank | $1,105,000 | $1,530,000 | 38.5% | 1.3% |
NEWREZ LLC | $745,000 | $1,515,000 | 103.4% | 1.2% |
HOMELAND BANCSHARES | $680,000 | $1,475,000 | 116.9% | 1.2% |
Eagle Bank and Trust Company | $2,205,000 | $1,460,000 | -33.8% | 1.2% |
Mortgage Research Center, LLC | $960,000 | $1,345,000 | 40.1% | 1.1% |
UNITED WHOLESALE MORTGAGE, LLC | $880,000 | $1,180,000 | 34.1% | 1.0% |
BARKSDALE | $135,000 | $895,000 | 563.0% | 0.7% |
GUARANTEED RATE, INC. | $885,000 | n/a | 0.7% | |
JPMorgan Chase Bank | $1,215,000 | $880,000 | -27.6% | 0.7% |
Towne Bank | $800,000 | n/a | 0.7% | |
ANECA Federal Credit Union | $235,000 | $770,000 | 227.7% | 0.6% |
Regions Bank | $920,000 | $770,000 | -16.3% | 0.6% |
ACADEMY MORTGAGE CORPORATION | $760,000 | n/a | 0.6% | |
Raymond James Bank | $740,000 | n/a | 0.6% | |
Wells Fargo Bank | $1,190,000 | $735,000 | -38.2% | 0.6% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $75,000 | $610,000 | 713.3% | 0.5% |
Hancock Whitney Bank | $605,000 | n/a | 0.5% | |
Guaranty Bank & Trust Company of Delhi, Louisiana | $1,825,000 | $575,000 | -68.5% | 0.5% |
LOANDEPOT.COM, LLC | $2,825,000 | $565,000 | -80.0% | 0.5% |
UNION HOME MORTGAGE CORP. | $905,000 | $540,000 | -40.3% | 0.4% |
Mr. Cooper ( Nationstar Mortgage ) | $715,000 | $535,000 | -25.2% | 0.4% |
Bank of America | $355,000 | $505,000 | 42.3% | 0.4% |
SOUTHWEST STAGE FUNDING, LLC | $495,000 | $490,000 | -1.0% | 0.4% |
TRIAD FINANCIAL SERVICES, INC. | $1,515,000 | $480,000 | -68.3% | 0.4% |
Red River Bank | $355,000 | $460,000 | 29.6% | 0.4% |
Home Federal Bank | $1,110,000 | $450,000 | -59.5% | 0.4% |
Baxter Credit Union | $395,000 | n/a | 0.3% | |
CALCON MUTUAL MORTGAGE LLC | $335,000 | n/a | 0.3% | |
UNITED BUILT HOMES, L.L.C. | $510,000 | $335,000 | -34.3% | 0.3% |
FREEDOM MORTGAGE CORPORATION | $790,000 | $305,000 | -61.4% | 0.3% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $305,000 | n/a | 0.3% | |
U.S. Bank | $470,000 | $295,000 | -37.2% | 0.2% |
BROKER SOLUTIONS, INC. | $350,000 | $285,000 | -18.6% | 0.2% |
HOMESIDE FINANCIAL, LLC | $280,000 | n/a | 0.2% | |
AMERICAN INTERNET MORTGAGE, INC. | $275,000 | n/a | 0.2% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $275,000 | n/a | 0.2% | |
CIS Financial Services, Inc. | $275,000 | n/a | 0.2% | |
Arvest Bank | $265,000 | n/a | 0.2% | |
CHURCHILL MORTGAGE CORPORATION | $265,000 | n/a | 0.2% | |
CROSSCOUNTRY MORTGAGE, LLC | $275,000 | $265,000 | -3.6% | 0.2% |
BOM Bank | $65,000 | $255,000 | 292.3% | 0.2% |
United Community Bank | $465,000 | $230,000 | -50.5% | 0.2% |
CARTER FEDERAL CREDIT UNION | $225,000 | n/a | 0.2% | |
First Guaranty Bank | $65,000 | $225,000 | 246.2% | 0.2% |
Progressive Bank | $165,000 | $215,000 | 30.3% | 0.2% |
USAlliance Federal Credit Union | $195,000 | n/a | 0.2% | |
First American Bank and Trust | $175,000 | n/a | 0.1% | |
Flagstar Bank, FSB | $255,000 | $175,000 | -31.4% | 0.1% |
PANORAMA MORTGAGE GROUP, LLC | $175,000 | n/a | 0.1% | |
PLANET HOME LENDING, LLC | $165,000 | n/a | 0.1% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $155,000 | n/a | 0.1% | |
CSL Financial, LLC | $200,000 | $150,000 | -25.0% | 0.1% |
First Bank | $145,000 | n/a | 0.1% | |
Southern Bancorp Bank | $145,000 | n/a | 0.1% | |
ROUNDPOINT MORTGAGE SERVICING CORPORATION | $135,000 | n/a | 0.1% | |
BAYSHORE MORTGAGE FUNDING, LLC | $130,000 | n/a | 0.1% | |
First Federal Bank of Louisiana | $115,000 | n/a | 0.1% | |
AMERISAVE MORTGAGE CORPORATION | $700,000 | $105,000 | -85.0% | 0.1% |
SUPERIOR CHOICE | $105,000 | n/a | 0.1% | |
Coastal Community Bank | $95,000 | n/a | 0.1% | |
Carrington Mortgage Services, LLC | $865,000 | $90,000 | -89.6% | 0.1% |
COUNTRYPLACE MORTGAGE, LTD. | $85,000 | n/a | 0.1% | |
GUILD MORTGAGE COMPANY | $85,000 | n/a | 0.1% | |
Merchants & Farmers Bank & Trust Company | $85,000 | n/a | 0.1% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $185,000 | $75,000 | -59.5% | 0.1% |
PLAZA HOME MORTGAGE, INC. | $75,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $75,000 | $65,000 | -13.3% | 0.1% |
The Federal Savings Bank | $65,000 | n/a | 0.1% | |
Discover Bank | $85,000 | $55,000 | -35.3% | 0.0% |
Chickasaw Community Bank | $45,000 | n/a | 0.0% | |
NAVY FEDERAL CREDIT UNION | $695,000 | $35,000 | -95.0% | 0.0% |
La Capitol Federal Credit Union | $485,000 | $25,000 | -94.8% | 0.0% |
Lakeview Community Capital, LLC | $25,000 | n/a | 0.0% | |
CHERRY CREEK MORTGAGE, LLC | $15,000 | n/a | 0.0% |
Ruston's top lender by overall market share is Origin Bank, with 20.7% market share. In second place, with 8.9%, is Century Next Bank, having originated $10,750,000 in loans. In third place, with 8.5%, is First National Bank, having originated $10,250,000 in loans. In fourth place, with 8.1%, is b1BANK, having originated $9,810,000 in loans. In fifth place, with 5.6%, is Gibsland Bank & Trust Company, having originated $6,800,000 in loans.
Ruston Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Ruston (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 | $256,875 (-6.1%) | $272,391 (-6.8%) | 0.00 | 121 |
2018-02-01 | $258,225 (-5.5%) | $266,831 (-7.7%) | 0.00 | 127 |
2018-03-01 | $255,000 (-5.5%) | $267,444 (-6.5%) | 0.00 | 149 |
2018-04-01 | $254,000 (-6.8%) | $261,463 (-8.7%) | 0.00 | 172 |
2018-05-01 | $260,000 (-0.3%) | $274,323 (-2.2%) | 0.00 | 161 |
2018-06-01 | $271,450 (8.8%) | $282,375 (4.7%) | 0.00 | 149 |
2018-07-01 | $271,400 (6.6%) | $287,428 (0.4%) | 0.00 | 152 |
2018-08-01 | $265,600 (-0.3%) | $281,042 (-3.9%) | 0.00 | 150 |
2018-09-01 | $260,000 (2.0%) | $282,719 (-1.5%) | 0.00 | 150 |
2018-10-01 | $272,000 (6.3%) | $285,573 (0.2%) | 0.00 | 161 |
2018-11-01 | $268,500 (1.7%) | $284,466 (-0.7%) | 0.00 | 157 |
2018-12-01 | $272,250 (6.8%) | $294,472 (6.4%) | 0.00 | 153 |
2019-01-01 | $269,625 (5.0%) | $292,388 (7.3%) | 0.00 | 144 |
2019-02-01 | $276,950 (7.3%) | $303,492 (13.7%) | 0.00 | 149 |
2019-03-01 | $275,000 (7.8%) | $301,490 (12.7%) | 0.00 | 164 |
2019-04-01 | $275,000 (8.3%) | $301,784 (15.4%) | 0.00 | 177 |
2019-05-01 | $271,950 (4.6%) | $301,028 (9.7%) | 0.00 | 191 |
2019-06-01 | $269,000 (-0.9%) | $296,615 (5.0%) | 0.00 | 201 |
2019-07-01 | $260,000 (-4.2%) | $290,724 (1.2%) | 0.00 | 194 |
2019-08-01 | $252,684 (-4.9%) | $288,730 (2.7%) | 0.00 | 188 |
2019-09-01 | $241,710 (-7.0%) | $286,617 (1.4%) | 0.00 | 186 |
2019-10-01 | $233,725 (-14.1%) | $283,756 (-0.6%) | 0.00 | 179 |
2019-11-01 | $231,400 (-13.8%) | $283,139 (-0.5%) | 0.00 | 167 |
2019-12-01 | $223,950 (-17.7%) | $271,656 (-7.8%) | 0.00 | 180 |
2020-01-01 | $229,500 (-14.9%) | $278,132 (-4.9%) | 0.00 | 151 |
2020-02-01 | $233,900 (-15.5%) | $280,227 (-7.7%) | 0.00 | 148 |
2020-03-01 | $245,000 (-10.9%) | $284,543 (-5.6%) | 0.00 | 160 |
2020-04-01 | $231,250 (-15.9%) | $279,895 (-7.3%) | 0.00 | 160 |
2020-05-01 | $240,000 (-11.8%) | $273,845 (-9.0%) | 0.00 | 144 |
2020-06-01 | $230,000 (-14.5%) | $276,226 (-6.9%) | 0.00 | 133 |
2020-07-01 | $251,125 (-3.4%) | $282,113 (-3.0%) | 0.00 | 120 |
2020-08-01 | $241,950 (-4.3%) | $276,538 (-4.2%) | 0.00 | 101 |
2020-09-01 | $225,000 (-6.9%) | $271,495 (-5.3%) | 0.00 | 94 |
2020-10-01 | $189,900 (-18.8%) | $251,418 (-11.4%) | 0.00 | 79 |
2020-11-01 | $188,975 (-18.3%) | $244,999 (-13.5%) | 0.00 | 74 |
2020-12-01 | $189,450 (-15.4%) | $219,045 (-19.4%) | 0.00 | 72 |
2021-01-01 | $192,000 (-16.3%) | $224,749 (-19.2%) | 0.00 | 71 |
2021-02-01 | $200,000 (-14.5%) | $228,839 (-18.3%) | 0.00 | 65 |
2021-03-01 | $242,750 (-0.9%) | $252,181 (-11.4%) | 0.00 | 61 |
2021-04-01 | $241,975 (4.6%) | $255,028 (-8.9%) | 0.00 | 51 |
2021-05-01 | $257,250 (7.2%) | $298,975 (9.2%) | 0.00 | 43 |
2021-06-01 | $306,000 (33.0%) | $332,053 (20.2%) | 0.00 | 35 |
2021-07-01 | $299,000 (19.1%) | $344,873 (22.3%) | 0.00 | 41 |
2021-08-01 | $285,000 (17.8%) | $314,951 (13.9%) | 0.00 | 40 |
2021-09-01 | $264,250 (17.4%) | $276,327 (1.8%) | 0.00 | 37 |
2021-10-01 | $289,000 (52.2%) | $300,213 (19.4%) | 0.00 | 31 |
2021-11-01 | $290,750 (53.9%) | $311,427 (27.1%) | 0.00 | 36 |
2021-12-01 | $295,500 (56.0%) | $309,040 (41.1%) | 0.00 | 40 |
2022-01-01 | $293,750 (53.0%) | $293,865 (30.8%) | 0.00 | 34 |
2022-02-01 | $274,625 (37.3%) | $285,983 (25.0%) | 0.00 | 26 |
2022-03-01 | $288,750 (19.0%) | $306,920 (21.7%) | 0.00 | 25 |
2022-04-01 | $300,000 (24.0%) | $328,204 (28.7%) | 0.00 | 27 |
2022-05-01 | $316,225 (22.9%) | $422,054 (41.2%) | 0.00 | 28 |
2022-06-01 | $305,000 (-0.3%) | $413,828 (24.6%) | 0.00 | 30 |
2022-07-01 | $309,000 (3.3%) | $410,319 (19.0%) | 0.00 | 31 |
2022-08-01 | $282,500 (-0.9%) | $397,241 (26.1%) | 0.00 | 43 |
2022-09-01 | $310,500 (17.5%) | $431,933 (56.3%) | 0.00 | 45 |
2022-10-01 | $317,500 (9.9%) | $431,410 (43.7%) | 0.00 | 51 |
2022-11-01 | $311,000 (7.0%) | $433,181 (39.1%) | 0.00 | 60 |
2022-12-01 | $309,000 (4.6%) | $429,854 (39.1%) | 0.00 | 60 |
2023-01-01 | $308,500 (5.0%) | $418,223 (42.3%) | 0.00 | 58 |
2023-02-01 | $293,750 (7.0%) | $398,458 (39.3%) | 0.00 | 54 |
2023-03-01 | $311,625 (7.9%) | $400,868 (30.6%) | 0.00 | 56 |
2023-04-01 | $314,250 (4.8%) | $392,242 (19.5%) | 0.00 | 57 |
2023-05-01 | $328,250 (3.8%) | $415,637 (-1.5%) | 0.00 | 60 |
2023-06-01 | $324,375 (6.4%) | $381,826 (-7.7%) | 0.00 | 69 |
2023-07-01 | $314,500 (1.8%) | $375,829 (-8.4%) | 0.00 | 75 |
2023-08-01 | $302,500 (7.1%) | $367,484 (-7.5%) | 0.00 | 74 |
2023-09-01 | $288,250 (-7.2%) | $344,869 (-20.2%) | 0.00 | 73 |
2023-10-01 | $278,750 (-12.2%) | $335,080 (-22.3%) | 0.00 | 78 |
2023-11-01 | $280,000 (-10.0%) | $343,057 (-20.8%) | 0.00 | 71 |
2023-12-01 | $272,500 (-11.8%) | $341,458 (-20.6%) | 0.00 | 85 |
2024-01-01 | $284,000 (-7.9%) | $354,065 (-15.3%) | 0.00 | 81 |
2024-02-01 | $268,750 (-8.5%) | $346,867 (-13.0%) | 0.00 | 80 |
2024-03-01 | $268,750 (-13.8%) | $348,365 (-13.1%) | 0.00 | 75 |
2024-04-01 | $258,000 (-17.9%) | $336,755 (-14.2%) | 0.00 | 86 |
2024-05-01 | $260,000 (-20.8%) | $330,798 (-20.4%) | 0.00 | 85 |
2024-06-01 | $257,500 (-20.6%) | $286,021 (-25.1%) | 0.00 | 92 |
2024-07-01 | $257,500 (-18.1%) | $315,181 (-16.1%) | 0.00 | 97 |
2024-08-01 | $257,500 (-14.9%) | $324,921 (-11.6%) | 0.00 | 99 |
2024-09-01 | $274,750 (-4.7%) | $344,822 (0.0%) | 0.00 | 95 |
2024-10-01 | $255,200 (-8.5%) | $332,414 (-0.8%) | 0.00 | 97 |
Ruston's median listing price comes in at 0% of the national average.
Ruston's average listing price for 2024-10-01 was $332,414, a difference of $-2,666 (-0.8%) versus the prior year and $-12,408 versus the prior month.
For the 2024-10-01 period, Ruston had 97 MLS listings, a difference of 2 listings (2%) versus the prior month and 19 listings (24%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Ruston (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,030 sqft |
2018-02-01 | 0 days | 2,029 sqft |
2018-03-01 | 0 days | 2,061 sqft |
2018-04-01 | 0 days | 2,060 sqft |
2018-05-01 | 0 days | 2,083 sqft |
2018-06-01 | 0 days | 2,100 sqft |
2018-07-01 | 0 days | 2,123 sqft |
2018-08-01 | 0 days | 2,076 sqft |
2018-09-01 | 0 days | 2,084 sqft |
2018-10-01 | 0 days | 2,076 sqft |
2018-11-01 | 0 days | 2,076 sqft |
2018-12-01 | 0 days | 2,078 sqft |
2019-01-01 | 0 days | 2,054 sqft |
2019-02-01 | 0 days | 2,174 sqft |
2019-03-01 | 0 days | 2,201 sqft |
2019-04-01 | 0 days | 2,212 sqft |
2019-05-01 | 0 days | 2,159 sqft |
2019-06-01 | 0 days | 2,071 sqft |
2019-07-01 | 0 days | 2,045 sqft |
2019-08-01 | 0 days | 2,019 sqft |
2019-09-01 | 0 days | 1,982 sqft |
2019-10-01 | 0 days | 1,933 sqft |
2019-11-01 | 0 days | 1,898 sqft |
2019-12-01 | 0 days | 1,775 sqft |
2020-01-01 | 0 days | 1,812 sqft |
2020-02-01 | 0 days | 1,852 sqft |
2020-03-01 | 0 days | 1,931 sqft |
2020-04-01 | 0 days | 1,932 sqft |
2020-05-01 | 0 days | 1,930 sqft |
2020-06-01 | 0 days | 1,927 sqft |
2020-07-01 | 0 days | 1,952 sqft |
2020-08-01 | 0 days | 2,011 sqft |
2020-09-01 | 0 days | 1,952 sqft |
2020-10-01 | 0 days | 1,752 sqft |
2020-11-01 | 0 days | 1,722 sqft |
2020-12-01 | 0 days | 1,715 sqft |
2021-01-01 | 0 days | 1,704 sqft |
2021-02-01 | 0 days | 1,807 sqft |
2021-03-01 | 0 days | 1,982 sqft |
2021-04-01 | 0 days | 1,863 sqft |
2021-05-01 | 0 days | 1,919 sqft |
2021-06-01 | 0 days | 2,113 sqft |
2021-07-01 | 0 days | 2,314 sqft |
2021-08-01 | 0 days | 2,277 sqft |
2021-09-01 | 0 days | 1,831 sqft |
2021-10-01 | 0 days | 2,025 sqft |
2021-11-01 | 0 days | 2,176 sqft |
2021-12-01 | 0 days | 2,054 sqft |
2022-01-01 | 0 days | 1,900 sqft |
2022-02-01 | 0 days | 1,780 sqft |
2022-03-01 | 0 days | 1,780 sqft |
2022-04-01 | 0 days | 1,868 sqft |
2022-05-01 | 0 days | 2,175 sqft |
2022-06-01 | 0 days | 1,994 sqft |
2022-07-01 | 0 days | 2,092 sqft |
2022-08-01 | 0 days | 2,009 sqft |
2022-09-01 | 0 days | 2,010 sqft |
2022-10-01 | 0 days | 1,974 sqft |
2022-11-01 | 0 days | 1,879 sqft |
2022-12-01 | 0 days | 1,862 sqft |
2023-01-01 | 0 days | 1,928 sqft |
2023-02-01 | 0 days | 1,916 sqft |
2023-03-01 | 0 days | 1,944 sqft |
2023-04-01 | 0 days | 1,939 sqft |
2023-05-01 | 0 days | 2,023 sqft |
2023-06-01 | 0 days | 1,931 sqft |
2023-07-01 | 0 days | 1,931 sqft |
2023-08-01 | 0 days | 1,928 sqft |
2023-09-01 | 0 days | 1,945 sqft |
2023-10-01 | 0 days | 1,942 sqft |
2023-11-01 | 0 days | 1,956 sqft |
2023-12-01 | 0 days | 1,900 sqft |
2024-01-01 | 0 days | 1,931 sqft |
2024-02-01 | 0 days | 1,878 sqft |
2024-03-01 | 0 days | 1,941 sqft |
2024-04-01 | 0 days | 1,931 sqft |
2024-05-01 | 0 days | 1,866 sqft |
2024-06-01 | 0 days | 1,828 sqft |
2024-07-01 | 0 days | 1,812 sqft |
2024-08-01 | 0 days | 1,848 sqft |
2024-09-01 | 0 days | 1,855 sqft |
2024-10-01 | 0 days | 1,843 sqft |
Ruston's median square footage for active listings during the 2024-10-01 period was 1,843 sqft. One year prior, the average listing was 1,942 sqft.
Ruston, LA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 362 | $85,290,000 | $235,608 |
Refi | 121 | $27,815,000 | $229,876 |
Cash Out Refi | 38 | $5,400,000 | $142,105 |
Other | 24 | $2,030,000 | $84,583 |
Home Improvement | 9 | $705,000 | $78,333 |
Ruston's most frequently cited loan purpose was Home Purchase, with 362 originations. The 2nd most popular reason was Refi, with 121 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 158 | $38,280,000 | $242,278 |
Over 8% | 118 | $13,100,000 | $111,017 |
7-8% | 104 | $21,070,000 | $202,596 |
5-6% | 67 | $16,555,000 | $247,090 |
4-5% | 6 | $1,150,000 | $191,667 |
3-4% | 4 | $6,380,000 | $1,595,000 |
2.5-3% | 2 | $170,000 | $85,000 |
During 2023, Ruston's most frequently originated rate bucket was 6-7%, with 158 originations.
Loan Sizing (Ruston, LA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 187 | $28,375,000 | $151,738 |
$200k-400k | 162 | $44,620,000 | $275,432 |
$100,000 or less | 157 | $9,465,000 | $60,287 |
$400k-600k | 30 | $14,400,000 | $480,000 |
$600k-1000k | 12 | $8,120,000 | $676,667 |
$Over $1MM | 6 | $16,260,000 | $2,710,000 |
Ruston's loan sizing saw the bucket of loans from $100k-200k with 187 originations, totaling $28,375,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 211 | $45,915,000 | $217,607 |
60-80% | 111 | $32,065,000 | $288,874 |
40-60% | 52 | $9,100,000 | $175,000 |
20-40% | 41 | $3,985,000 | $97,195 |
Under 20% | 28 | $1,100,000 | $39,286 |
Over 100% | 7 | $2,485,000 | $355,000 |
Ruston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 211 originations, totaling $45,915,000 in origination value.