Ruston Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Ruston averaged
6.94%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.97% and
one month ago for the week of 2023-02-09, the
average rate was 6.46%.
Ruston's average rate one year ago was 3.99%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.56%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Ruston 30 Year Fixed Rate | 2023-03-16 | 6.94% |
Ruston 30 Year Fixed Rate Refi | 2023-03-16 | 6.56% |
Ruston 15 Year Fixed Rate | 2023-03-16 | 6.92% |
Ruston 15 Year Fixed Rate Refi | 2023-03-16 | 6.18% |
Ruston 30 Year FHA | 2023-03-16 | 6.59% |
Ruston 30 Year FHA Refi | 2023-03-16 | 6.25% |
Ruston 30 Year USDA | 2023-03-16 | 6.35% |
Ruston 30 Year USDA Refi | 2023-03-16 | 6.22% |
Ruston 30 Year VA | 2023-03-16 | 6.62% |
Ruston 30 Year VA Refi | 2023-03-16 | 6.14% |
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 66 lenders originated 1,155
loans during 2021. The total origination value was $254,345,000, with an average loan value of
$220,212.
Ruston's average closing costs are $4,534.
The top Ruston lender as defined by loan originations is Origin Bank, with
135 loans originated. Their average total fees are
$3,563, which is $521
lower than the next largest lender,
Century Next Bank.
The lowest fee Ruston lenders (with over 10 loans originated) are
GMFS LLC ($3,464), Origin Bank ($3,563), Century Next Bank ($4,084), MOVEMENT MORTGAGE, LLC ($4,208) and CENTRIC ($4,268).
The lowest rate Ruston lenders (with over 10 loans originated) are
Century Next Bank (2.84%), GMFS LLC (3.00%), QUICKEN LOANS, LLC (3.13%), Origin Bank (3.13%) and MOVEMENT MORTGAGE, LLC (3.17%).
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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
Origin Bank | $93,610,000 | $59,630,000 | -36.3% | 23.4% |
Century Next Bank | $49,980,000 | $31,850,000 | -36.3% | 12.5% |
b1BANK | $6,365,000 | $22,005,000 | 245.7% | 8.7% |
QUICKEN LOANS, LLC | $13,700,000 | $15,995,000 | 16.8% | 6.3% |
MOVEMENT MORTGAGE, LLC | $12,330,000 | $10,885,000 | -11.7% | 4.3% |
GMFS LLC | $5,405,000 | $8,560,000 | 58.4% | 3.4% |
First National Bank | $10,465,000 | $7,525,000 | -28.1% | 3.0% |
JPMorgan Chase Bank | $2,650,000 | $5,655,000 | 113.4% | 2.2% |
CENTRIC | $680,000 | $4,775,000 | 602.2% | 1.9% |
Gibsland Bank & Trust Company | $1,490,000 | $3,525,000 | 136.6% | 1.4% |
Wells Fargo Bank | $3,155,000 | $3,170,000 | 0.5% | 1.2% |
Cross Keys Bank | $5,020,000 | $2,910,000 | -42.0% | 1.1% |
Guaranty Bank & Trust Company of Delhi, Louisiana | $1,240,000 | $2,880,000 | 132.3% | 1.1% |
FREEDOM MORTGAGE CORPORATION | $1,910,000 | $2,675,000 | 40.1% | 1.1% |
Mortgage Research Center, LLC | $2,205,000 | $2,515,000 | 14.1% | 1.0% |
Bank of America | $590,000 | $2,430,000 | 311.9% | 1.0% |
Regions Bank | $2,325,000 | $2,395,000 | 3.0% | 0.9% |
LAKEVIEW LOAN SERVICING, LLC | $940,000 | $2,200,000 | 134.0% | 0.9% |
Eagle Bank and Trust Company | $2,135,000 | $2,150,000 | 0.7% | 0.8% |
NAVY FEDERAL CREDIT UNION | $995,000 | $2,050,000 | 106.0% | 0.8% |
First Horizon Bank | $2,030,000 | n/a | 0.8% | |
Home Federal Bank | $1,175,000 | $1,920,000 | 63.4% | 0.8% |
ACADEMY MORTGAGE CORPORATION | $1,885,000 | $1,880,000 | -0.3% | 0.7% |
STANDARD MORTGAGE CORPORATION | $1,645,000 | $1,855,000 | 12.8% | 0.7% |
BancorpSouth Bank | $5,315,000 | $1,815,000 | -65.9% | 0.7% |
HOME POINT FINANCIAL CORPORATION | $245,000 | $1,775,000 | 624.5% | 0.7% |
NEWREZ LLC | $1,685,000 | $1,730,000 | 2.7% | 0.7% |
LOANDEPOT.COM, LLC | $1,080,000 | $1,615,000 | 49.5% | 0.6% |
21ST MORTGAGE CORPORATION | $1,875,000 | $1,600,000 | -14.7% | 0.6% |
UNITED WHOLESALE MORTGAGE, LLC | $235,000 | $1,565,000 | 566.0% | 0.6% |
Citizens Bank & Trust Company of Vivian, Louisiana | $755,000 | $1,550,000 | 105.3% | 0.6% |
Mr. Cooper ( Nationstar Mortgage ) | $1,175,000 | $1,495,000 | 27.2% | 0.6% |
Citizens Bank | $1,465,000 | n/a | 0.6% | |
PENNYMAC LOAN SERVICES, LLC | $470,000 | $1,420,000 | 202.1% | 0.6% |
AMERISAVE MORTGAGE CORPORATION | $1,615,000 | $1,230,000 | -23.8% | 0.5% |
Assurance Financial Group, L.L.C. | $3,250,000 | $1,195,000 | -63.2% | 0.5% |
CHURCHILL MORTGAGE CORPORATION | $1,180,000 | n/a | 0.5% | |
CALIBER HOME LOANS, INC. | $1,490,000 | $1,110,000 | -25.5% | 0.4% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,055,000 | n/a | 0.4% | |
Citizens National Bank, N.A. | $1,100,000 | $950,000 | -13.6% | 0.4% |
U.S. Bank | $55,000 | $840,000 | 1,427.3% | 0.3% |
GSF Mortgage Corporation | $830,000 | n/a | 0.3% | |
PLANET HOME LENDING, LLC | $1,175,000 | $830,000 | -29.4% | 0.3% |
Flagstar Bank, FSB | $235,000 | $725,000 | 208.5% | 0.3% |
First Guaranty Bank | $675,000 | n/a | 0.3% | |
HOMESIDE FINANCIAL, LLC | $150,000 | $655,000 | 336.7% | 0.3% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $440,000 | $645,000 | 46.6% | 0.3% |
UNITED BUILT HOMES, L.L.C. | $500,000 | $630,000 | 26.0% | 0.2% |
Gulf Coast Bank and Trust Company | $135,000 | $610,000 | 351.9% | 0.2% |
The Federal Savings Bank | $335,000 | $580,000 | 73.1% | 0.2% |
VILLAGE CAPITAL & INVESTMENT LLC | $530,000 | $555,000 | 4.7% | 0.2% |
THRIVE MORTGAGE, LLC | $550,000 | n/a | 0.2% | |
CRESCENT MORTGAGE COMPANY | $3,175,000 | $545,000 | -82.8% | 0.2% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $125,000 | $545,000 | 336.0% | 0.2% |
Red River Bank | $1,170,000 | $515,000 | -56.0% | 0.2% |
ZILLOW HOME LOANS, LLC | $500,000 | n/a | 0.2% | |
BARKSDALE | $490,000 | n/a | 0.2% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $740,000 | $480,000 | -35.1% | 0.2% |
Carrington Mortgage Services, LLC | $125,000 | $460,000 | 268.0% | 0.2% |
GUARANTEED RATE AFFINITY, LLC | $455,000 | n/a | 0.2% | |
Hancock Whitney Bank | $125,000 | $455,000 | 264.0% | 0.2% |
Lakeview Community Capital, LLC | $450,000 | n/a | 0.2% | |
Commerce Home Mortgage, Inc. | $430,000 | n/a | 0.2% | |
EVERETT FINANCIAL, INC. | $785,000 | $430,000 | -45.2% | 0.2% |
Gateway First Bank | $430,000 | n/a | 0.2% | |
NBKC BANK | $430,000 | n/a | 0.2% | |
PENTAGON FEDERAL CREDIT UNION | $825,000 | $415,000 | -49.7% | 0.2% |
Triumph Bank | $405,000 | n/a | 0.2% | |
Barrington Bank & Trust Company, N.A. | $85,000 | $375,000 | 341.2% | 0.1% |
MEMBER ADVANTAGE MORTGAGE, LLC | $375,000 | n/a | 0.1% | |
EMBRACE HOME LOANS, INC. | $365,000 | n/a | 0.1% | |
Southern Heritage Bank | $365,000 | n/a | 0.1% | |
BOM Bank | $360,000 | n/a | 0.1% | |
CHERRY CREEK MORTGAGE, LLC | $355,000 | n/a | 0.1% | |
Reliant Bank | $530,000 | $350,000 | -34.0% | 0.1% |
First Guaranty Mortgage Corporation | $435,000 | $345,000 | -20.7% | 0.1% |
Armed Forces Bank | $335,000 | n/a | 0.1% | |
ACCELERATE MORTGAGE, LLC | $325,000 | n/a | 0.1% | |
MORTGAGE ACCESS CORP. | $325,000 | n/a | 0.1% | |
AMERICAN FINANCIAL RESOURCES, INC. | $700,000 | $310,000 | -55.7% | 0.1% |
SOUTHWEST FUNDING, LP | $310,000 | n/a | 0.1% | |
MLD MORTGAGE INC. | $305,000 | n/a | 0.1% | |
LOUISIANA | $295,000 | n/a | 0.1% | |
The Central Trust Bank | $295,000 | n/a | 0.1% | |
PIERREMONT MORTGAGE, INC. | $290,000 | n/a | 0.1% | |
GUILD MORTGAGE COMPANY | $185,000 | $255,000 | 37.8% | 0.1% |
First Federal Bank of Louisiana | $245,000 | n/a | 0.1% | |
Chicago Mortgage Solutions LLC | $235,000 | n/a | 0.1% | |
RESIDENTIAL BANCORP. | $235,000 | n/a | 0.1% | |
ROUNDPOINT MORTGAGE SERVICING CORPORATION | $165,000 | $235,000 | 42.4% | 0.1% |
NEW DAY FINANCIAL, LLC | $210,000 | $230,000 | 9.5% | 0.1% |
USAA Federal Savings Bank | $1,770,000 | $225,000 | -87.3% | 0.1% |
InterContinental Capital Group, Inc | $215,000 | n/a | 0.1% | |
FIDELITY BANK | $540,000 | $205,000 | -62.0% | 0.1% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $205,000 | n/a | 0.1% | |
Progressive Bank | $2,025,000 | $200,000 | -90.1% | 0.1% |
Arvest Bank | $265,000 | $195,000 | -26.4% | 0.1% |
Devon Bank | $195,000 | n/a | 0.1% | |
SPRING EQ, LLC | $195,000 | n/a | 0.1% | |
Bank of England | $185,000 | n/a | 0.1% | |
BTH Bank | $185,000 | n/a | 0.1% | |
SOUTHWEST STAGE FUNDING, LLC | $75,000 | $185,000 | 146.7% | 0.1% |
First Financial Bank | $175,000 | n/a | 0.1% | |
La Capitol Federal Credit Union | $1,335,000 | $175,000 | -86.9% | 0.1% |
Manufacturers and Traders Trust Company | $175,000 | n/a | 0.1% | |
RELIANCE FIRST CAPITAL, LLC | $155,000 | $175,000 | 12.9% | 0.1% |
MID AMERICA MORTGAGE, INC. | $605,000 | $155,000 | -74.4% | 0.1% |
Sunflower Bank | $155,000 | n/a | 0.1% | |
Ally Bank | $145,000 | n/a | 0.1% | |
GUARANTEED RATE, INC. | $145,000 | n/a | 0.1% | |
Jeff Davis Bancshares, Inc. | $45,000 | $145,000 | 222.2% | 0.1% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $185,000 | $145,000 | -21.6% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $675,000 | $140,000 | -79.3% | 0.1% |
Farmers Bank & Trust Company | $205,000 | $135,000 | -34.1% | 0.1% |
CIS Financial Services, Inc. | $125,000 | n/a | 0.0% | |
Texana Bank | $125,000 | n/a | 0.0% | |
Wyndham Capital Mortgage, Inc. | $1,065,000 | $125,000 | -88.3% | 0.0% |
RED RIVER EMPLOYEES | $45,000 | $120,000 | 166.7% | 0.0% |
BETTER MORTGAGE CORPORATION | $490,000 | $105,000 | -78.6% | 0.0% |
Marion State Bank | $105,000 | n/a | 0.0% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $935,000 | $95,000 | -89.8% | 0.0% |
CSL Financial, LLC | $55,000 | $90,000 | 63.6% | 0.0% |
Pelican State Credit Union | $90,000 | n/a | 0.0% | |
ANECA Federal Credit Union | $75,000 | n/a | 0.0% | |
HOMELAND BANCSHARES, INC. | $1,655,000 | $75,000 | -95.5% | 0.0% |
AMERICAN ADVISORS GROUP | $410,000 | $65,000 | -84.1% | 0.0% |
BROKER SOLUTIONS, INC. | $445,000 | $65,000 | -85.4% | 0.0% |
Liberty Bank and Trust Company | $55,000 | n/a | 0.0% | |
Community Bank of Louisiana | $50,000 | n/a | 0.0% | |
Discover Bank | $65,000 | $35,000 | -46.2% | 0.0% |
Ruston's top lender by overall market share is Origin Bank, with 23.4% market share. In second place, with 12.5%, is Century Next Bank, having originated $31,850,000 in loans. In third place, with 8.7%, is b1BANK, having originated $22,005,000 in loans. In fourth place, with 6.3%, is QUICKEN LOANS, LLC, having originated $15,995,000 in loans. In fifth place, with 4.3%, is MOVEMENT MORTGAGE, LLC, having originated $10,885,000 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 (-6.0%) | $272,391 (-6.7%) | 0.00 | 121 |
2018-02-01 | $258,225 (-5.2%) | $266,831 (-7.4%) | 0.00 | 127 |
2018-03-01 | $255,000 (-5.5%) | $267,444 (-6.4%) | 0.00 | 149 |
2018-04-01 | $254,000 (-6.8%) | $261,463 (-8.4%) | 0.00 | 172 |
2018-05-01 | $260,000 (0.1%) | $274,323 (-1.7%) | 0.00 | 161 |
2018-06-01 | $271,450 (8.8%) | $282,375 (5.1%) | 0.00 | 149 |
2018-07-01 | $271,400 (6.9%) | $287,428 (0.9%) | 0.00 | 152 |
2018-08-01 | $265,600 (0.6%) | $281,042 (-3.5%) | 0.00 | 150 |
2018-09-01 | $260,000 (2.0%) | $282,719 (-1.1%) | 0.00 | 150 |
2018-10-01 | $272,000 (6.9%) | $285,573 (0.6%) | 0.00 | 161 |
2018-11-01 | $268,500 (2.4%) | $284,466 (-0.3%) | 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%) | $301,603 (12.8%) | 0.00 | 164 |
2019-04-01 | $275,000 (8.3%) | $302,027 (15.5%) | 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 (-5.7%) | 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 |
Ruston's median listing price comes in at 0% of the national average.
Ruston's average listing price for 2023-02-01 was $398,458, a difference of $112,475 (39.3%) versus the prior year and $-19,765 versus the prior month.
For the 2023-02-01 period, Ruston had 54 MLS listings, a difference of -4 listings (-7%) versus the prior month and 28 listings (108%) 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 |
Ruston's median square footage for active listings during the 2023-02-01 period was 1,916 sqft. One year prior, the average listing was 1,780 sqft.
Ruston, LA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 526 | $112,980,000 | $214,791 |
Refi | 424 | $102,070,000 | $240,731 |
Cash Out Refi | 183 | $37,515,000 | $205,000 |
Home Improvement | 11 | $955,000 | $86,818 |
Other | 11 | $825,000 | $75,000 |
Ruston's most frequently cited loan purpose was Home Purchase, with 526 originations. The 2nd most popular reason was Refi, with 424 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 365 | $81,615,000 | $223,603 |
3-4% | 302 | $81,140,000 | $268,675 |
<2.5% | 177 | $40,515,000 | $228,898 |
4-5% | 125 | $23,965,000 | $191,720 |
5-6% | 25 | $4,125,000 | $165,000 |
6-7% | 22 | $1,480,000 | $67,273 |
Over 8% | 21 | $2,145,000 | $102,143 |
7-8% | 10 | $480,000 | $48,000 |
During 2021, Ruston's most frequently originated rate bucket was 2.5-3%, with 365 originations.
Loan Sizing (Ruston, LA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 461 | $68,575,000 | $148,753 |
$200k-400k | 394 | $106,480,000 | $270,254 |
$100,000 or less | 229 | $13,635,000 | $59,541 |
$400k-600k | 52 | $24,740,000 | $475,769 |
$Over $1MM | 10 | $34,400,000 | $3,440,000 |
$600k-1000k | 9 | $6,515,000 | $723,889 |
Ruston's loan sizing saw the bucket of loans from $100k-200k with 461 originations, totaling $68,575,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 454 | $98,690,000 | $217,379 |
60-80% | 330 | $87,560,000 | $265,333 |
40-60% | 118 | $25,680,000 | $217,627 |
20-40% | 63 | $10,465,000 | $166,111 |
Under 20% | 38 | $2,170,000 | $57,105 |
Over 100% | 13 | $5,615,000 | $431,923 |
Ruston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 454 originations, totaling $98,690,000 in origination value.