The Dalles Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in The Dalles averaged
6.91%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.94% and
one month ago for the week of 2024-10-03, the
average rate was 6.34%.
The Dalles's average rate one year ago was 7.68%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.19%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| The Dalles 30 Year Fixed Rate | 2024-11-07 | 6.91% |
| The Dalles 30 Year Fixed Rate Refi | 2024-11-07 | 7.19% |
| The Dalles 15 Year Fixed Rate | 2024-11-07 | 6% |
| The Dalles 15 Year Fixed Rate Refi | 2024-11-07 | 6.1% |
| The Dalles 30 Year FHA | 2024-11-07 | 6.23% |
| The Dalles 30 Year FHA Refi | 2024-11-07 | 6.63% |
| The Dalles 30 Year USDA | 2024-11-07 | 6.48% |
| The Dalles 30 Year USDA Refi | 2024-11-07 | 6.28% |
| The Dalles 30 Year VA | 2024-11-07 | 6.34% |
| The Dalles 30 Year VA Refi | 2024-11-07 | 6.54% |
The Dalles 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 The Dalles, OR 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.).
The Dalles Average Closing Costs & Other Stats
The Dalles, OR's 49 lenders originated 378
loans during 2023. The total origination value was $104,950,000, with an average loan value of
$277,646.
The Dalles's average closing costs are $6,317.
The top The Dalles lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
15 loans originated. Their average total fees are
$7,496, which is $1,179
higher than the next largest lender,
CALIBER HOME LOANS, INC..
The lowest fee The Dalles lenders (with over 10 loans originated) are
CALIBER HOME LOANS, INC. ($6,318), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,496), .
The lowest rate The Dalles lenders (with over 10 loans originated) are
FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.31%), CALIBER HOME LOANS, INC. (6.61%), .
The Dalles, OR 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 |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $9,375,000 | $10,210,000 | 8.9% | 9.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $16,140,000 | $8,355,000 | -48.2% | 8.0% |
| CALIBER HOME LOANS, INC. | $4,625,000 | $5,775,000 | 24.9% | 5.5% |
| iQ Credit Union | $5,410,000 | n/a | 5.2% | |
| QUICKEN LOANS, LLC | $9,160,000 | $5,250,000 | -42.7% | 5.0% |
| NEWREZ LLC | $1,220,000 | $4,570,000 | 274.6% | 4.4% |
| Rivermark Community Credit Union | $6,480,000 | $4,025,000 | -37.9% | 3.8% |
| GUILD MORTGAGE COMPANY | $7,910,000 | $3,785,000 | -52.1% | 3.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,575,000 | $3,780,000 | 5.7% | 3.6% |
| Umpqua Bank | $9,690,000 | $3,780,000 | -61.0% | 3.6% |
| DIRECTORS MORTGAGE, INC. | $6,075,000 | $3,655,000 | -39.8% | 3.5% |
| MANN FINANCIAL INC. | $5,485,000 | $3,185,000 | -41.9% | 3.0% |
| Mortgage Research Center, LLC | $1,835,000 | $2,300,000 | 25.3% | 2.2% |
| LOANDEPOT.COM, LLC | $7,810,000 | $1,765,000 | -77.4% | 1.7% |
| KeyBank | $3,735,000 | $1,690,000 | -54.8% | 1.6% |
| U.S. Bank | $5,320,000 | $1,555,000 | -70.8% | 1.5% |
| NATIONS DIRECT MORTGAGE, LLC | $1,125,000 | $1,490,000 | 32.4% | 1.4% |
| Wells Fargo Bank | $2,565,000 | $1,280,000 | -50.1% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $2,575,000 | $1,235,000 | -52.0% | 1.2% |
| Bank of America | $490,000 | $920,000 | 87.8% | 0.9% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $345,000 | $905,000 | 162.3% | 0.9% |
| HomeStreet Bank | $55,000 | $905,000 | 1,545.5% | 0.9% |
| OnPoint Community Credit Union | $2,145,000 | $885,000 | -58.7% | 0.8% |
| The Huntington National Bank | $855,000 | n/a | 0.8% | |
| BROKER SOLUTIONS, INC. | $1,005,000 | $850,000 | -15.4% | 0.8% |
| JPMorgan Chase Bank | $650,000 | $845,000 | 30.0% | 0.8% |
| Flagstar Bank, FSB | $1,385,000 | $820,000 | -40.8% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $840,000 | $815,000 | -3.0% | 0.8% |
| Carrington Mortgage Services, LLC | $215,000 | $790,000 | 267.4% | 0.8% |
| AMERICAN FINANCIAL RESOURCES, INC. | $780,000 | n/a | 0.7% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $655,000 | $780,000 | 19.1% | 0.7% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $755,000 | n/a | 0.7% | |
| First Interstate Bank | $940,000 | $750,000 | -20.2% | 0.7% |
| MOVEMENT MORTGAGE, LLC | $740,000 | n/a | 0.7% | |
| 21ST MORTGAGE CORPORATION | $400,000 | $730,000 | 82.5% | 0.7% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $725,000 | n/a | 0.7% | |
| Northpointe Bank | $715,000 | n/a | 0.7% | |
| Washington Federal Bank | $1,185,000 | $715,000 | -39.7% | 0.7% |
| PRIORITY HOME LENDING, LLC | $680,000 | n/a | 0.6% | |
| VILLAGE CAPITAL MORTGAGE | $660,000 | n/a | 0.6% | |
| SUMMIT FUNDING, INC. | $590,000 | $630,000 | 6.8% | 0.6% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $610,000 | n/a | 0.6% | |
| Pacific NW Federal Credit Union | $4,215,000 | $590,000 | -86.0% | 0.6% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $575,000 | n/a | 0.5% | |
| Consolidated Federal Credit Union | $175,000 | $560,000 | 220.0% | 0.5% |
| BMO Harris Bank | $500,000 | n/a | 0.5% | |
| PENTAGON FEDERAL CREDIT UNION | $790,000 | $485,000 | -38.6% | 0.5% |
| TRIAD FINANCIAL SERVICES, INC. | $380,000 | $485,000 | 27.6% | 0.5% |
| AMERICAN FINANCING CORPORATION | $105,000 | $445,000 | 323.8% | 0.4% |
| USAA Federal Savings Bank | $1,125,000 | $445,000 | -60.4% | 0.4% |
| American Mortgage & Equity Consultants, Inc. | $425,000 | n/a | 0.4% | |
| NAVY FEDERAL CREDIT UNION | $480,000 | $415,000 | -13.5% | 0.4% |
| CMG MORTGAGE, INC. | $305,000 | $400,000 | 31.1% | 0.4% |
| Hometown Equity Mortgage, LLC | $395,000 | n/a | 0.4% | |
| Sierra Pacific Mortgage Company, Inc. | $840,000 | $395,000 | -53.0% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $520,000 | $375,000 | -27.9% | 0.4% |
| THRIVE MORTGAGE, LLC | $365,000 | n/a | 0.3% | |
| CARDINAL FINANCIAL | $495,000 | $345,000 | -30.3% | 0.3% |
| Citibank | $345,000 | n/a | 0.3% | |
| OCMBC, INC. | $335,000 | n/a | 0.3% | |
| GUARANTEED RATE, INC. | $325,000 | n/a | 0.3% | |
| VERITAS FUNDING, LLC | $325,000 | n/a | 0.3% | |
| ALLIANT CREDIT UNION | $55,000 | $315,000 | 472.7% | 0.3% |
| Arvest Bank | $315,000 | n/a | 0.3% | |
| Equity Prime Mortgage LLC | $305,000 | n/a | 0.3% | |
| FIRST COMMUNITY | $305,000 | n/a | 0.3% | |
| PLAZA HOME MORTGAGE, INC. | $305,000 | n/a | 0.3% | |
| RESIDENTIAL MORTGAGE, LLC | $305,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $2,165,000 | $300,000 | -86.1% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $295,000 | n/a | 0.3% | |
| RELIANCE FIRST CAPITAL, LLC | $295,000 | n/a | 0.3% | |
| The Federal Savings Bank | $295,000 | n/a | 0.3% | |
| Citizens Bank | $255,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $245,000 | $255,000 | 4.1% | 0.2% |
| SPRING EQ, LLC | $55,000 | $225,000 | 309.1% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $1,835,000 | $185,000 | -89.9% | 0.2% |
| FIRST TECHNOLOGY | $465,000 | $175,000 | -62.4% | 0.2% |
| Northwest Farm Credit Services, FLCA | $670,000 | $175,000 | -73.9% | 0.2% |
| GESA | $155,000 | n/a | 0.1% | |
| Mid Oregon Federal Credit Union | $145,000 | n/a | 0.1% | |
| SPOKANE TEACHERS | $135,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $510,000 | $105,000 | -79.4% | 0.1% |
| Prosperity Home Mortgage, LLC | $105,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $975,000 | $95,000 | -90.3% | 0.1% |
| ROGUE | $95,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $65,000 | n/a | 0.1% | |
| OREGON COMMUNITY | $105,000 | $55,000 | -47.6% | 0.1% |
| PNC Bank | $55,000 | $55,000 | 0.0% | 0.1% |
| SELCO COMMUNITY | $55,000 | n/a | 0.1% | |
| WASHINGTON STATE EMPLOYEES Credit Union | $35,000 | n/a | 0.0% | |
| Coastal Community Bank | $15,000 | n/a | 0.0% |
The Dalles's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 9.7% market share. In second place, with 8.0%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $8,355,000 in loans. In third place, with 5.5%, is CALIBER HOME LOANS, INC., having originated $5,775,000 in loans. In fourth place, with 5.2%, is iQ Credit Union, having originated $5,410,000 in loans. In fifth place, with 5.0%, is QUICKEN LOANS, LLC, having originated $5,250,000 in loans.
The Dalles, OR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 235 | $79,385,000 | $337,809 |
| Cash Out Refi | 48 | $14,350,000 | $298,958 |
| Other | 44 | $4,920,000 | $111,818 |
| Home Improvement | 35 | $3,545,000 | $101,286 |
| Refi | 16 | $2,750,000 | $171,875 |
The Dalles's most frequently cited loan purpose was Home Purchase, with 235 originations. The 2nd most popular reason was Cash Out Refi, with 48 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 135 | $43,585,000 | $322,852 |
| 7-8% | 92 | $25,110,000 | $272,935 |
| Over 8% | 79 | $9,885,000 | $125,127 |
| 5-6% | 63 | $23,915,000 | $379,603 |
| 4-5% | 8 | $2,410,000 | $301,250 |
During 2023, The Dalles's most frequently originated rate bucket was 6-7%, with 135 originations.
Loan Sizing (The Dalles, OR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 176 | $52,780,000 | $299,886 |
| $100,000 or less | 70 | $3,860,000 | $55,143 |
| $400k-600k | 62 | $28,690,000 | $462,742 |
| $100k-200k | 61 | $8,935,000 | $146,475 |
| $600k-1000k | 7 | $5,275,000 | $753,571 |
| $Over $1MM | 2 | $5,410,000 | $2,705,000 |
The Dalles's loan sizing saw the bucket of loans from $200k-400k with 176 originations, totaling $52,780,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 170 | $59,160,000 | $348,000 |
| 60-80% | 72 | $26,620,000 | $369,722 |
| Under 20% | 62 | $3,800,000 | $61,290 |
| 20-40% | 36 | $5,030,000 | $139,722 |
| 40-60% | 31 | $8,745,000 | $282,097 |
| Over 100% | 3 | $1,025,000 | $341,667 |
The Dalles's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 170 originations, totaling $59,160,000 in origination value.