Vicksburg Mortgage Rates
30 Year Fixed Rate mortgages in Vicksburg averaged
5.76%
for the week of 2022-06-23, compared to the national average of
5.81% for the same period.
The average rate for the prior week (2022-06-16) was
5.73% and
one month ago for the week of 2022-05-19, the
average rate was 5.4%.
Vicksburg's average rate one year ago was 3.25%.
For refis of the same type during the week of 2022-06-23, the average rate
was 6.28%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-23 | 5.81% |
Vicksburg 30 Year Fixed Rate | 2022-06-23 | 5.76% |
Vicksburg 30 Year Fixed Rate Refi | 2022-06-23 | 6.28% |
Vicksburg 15 Year Fixed Rate | 2022-06-23 | 6.4% |
Vicksburg 15 Year Fixed Rate Refi | 2022-06-23 | 5.22% |
Vicksburg 30 Year FHA | 2022-06-23 | 0.1% |
Vicksburg 30 Year FHA Refi | 2022-06-23 | -0.2% |
Vicksburg 30 Year USDA | 2022-06-23 | -0.17% |
Vicksburg 30 Year USDA Refi | 2022-06-23 | -0.12% |
Vicksburg 30 Year VA | 2022-06-23 | 0.36% |
Vicksburg 30 Year VA Refi | 2022-06-23 | -0.14% |
Vicksburg Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Vicksburg, MS 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.).
Vicksburg, MS's 51 lenders originated 1,039
loans during 2021. The total origination value was $174,595,000, with an average loan value of
$168,041.
The top Vicksburg lender as defined by loan originations is Trustmark National Bank, with
53 loans originated. Their average total fees are
$4,003, which is $686
higher than the next largest lender,
BancorpSouth Bank.
The lowest fee Vicksburg lenders (with over 10 loans originated) are
GMFS LLC ($2,996), BancorpSouth Bank ($3,318), Trustmark National Bank ($4,003), QUICKEN LOANS, LLC ($4,416) and .
The lowest rate Vicksburg lenders (with over 10 loans originated) are
GMFS LLC (3.09%), Trustmark National Bank (3.17%), QUICKEN LOANS, LLC (3.19%), BancorpSouth Bank (3.26%) and .
Vicksburg, MS Lender 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 |
---|---|---|---|---|
Trustmark National Bank | $39,240,000 | $36,785,000 | -6.3% | 21.1% |
BancorpSouth Bank | $8,035,000 | $19,965,000 | 148.5% | 11.4% |
QUICKEN LOANS, LLC | $14,750,000 | $16,345,000 | 10.8% | 9.4% |
MUTUAL | $13,090,000 | $8,785,000 | -32.9% | 5.0% |
FIDELITY BANK | $9,700,000 | $8,105,000 | -16.4% | 4.6% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $10,585,000 | $6,725,000 | -36.5% | 3.9% |
Guaranty Bank and Trust Company | $1,390,000 | $5,745,000 | 313.3% | 3.3% |
GMFS LLC | $7,535,000 | $5,305,000 | -29.6% | 3.0% |
WALKER & DUNLOP, LLC | $5,275,000 | n/a | 3.0% | |
Liberty Bank and Trust Company | $2,920,000 | $4,925,000 | 68.7% | 2.8% |
FREEDOM MORTGAGE CORPORATION | $3,915,000 | $4,225,000 | 7.9% | 2.4% |
Mortgage Research Center, LLC | $3,425,000 | $3,195,000 | -6.7% | 1.8% |
OPEN MORTGAGE, LLC | $1,685,000 | $3,185,000 | 89.0% | 1.8% |
LAKEVIEW LOAN SERVICING, LLC | $235,000 | $2,910,000 | 1,138.3% | 1.7% |
PENNYMAC LOAN SERVICES, LLC | $940,000 | $2,395,000 | 154.8% | 1.4% |
Regions Bank | $2,290,000 | $2,185,000 | -4.6% | 1.3% |
NAVY FEDERAL CREDIT UNION | $1,375,000 | $2,045,000 | 48.7% | 1.2% |
Mr. Cooper ( Nationstar Mortgage ) | $2,200,000 | $1,995,000 | -9.3% | 1.1% |
LOANDEPOT.COM, LLC | $595,000 | $1,935,000 | 225.2% | 1.1% |
Community Bank of Mississippi | $185,000 | $1,800,000 | 873.0% | 1.0% |
AMERICAN FIRST | $1,505,000 | n/a | 0.9% | |
USAA Federal Savings Bank | $1,765,000 | $1,365,000 | -22.7% | 0.8% |
Wells Fargo Bank | $840,000 | $1,360,000 | 61.9% | 0.8% |
AMERISAVE MORTGAGE CORPORATION | $655,000 | $1,335,000 | 103.8% | 0.8% |
BETTER MORTGAGE CORPORATION | $1,175,000 | n/a | 0.7% | |
NEWREZ LLC | $185,000 | $1,050,000 | 467.6% | 0.6% |
BROKER SOLUTIONS, INC. | $1,045,000 | n/a | 0.6% | |
UNITED WHOLESALE MORTGAGE, LLC | $1,350,000 | $955,000 | -29.3% | 0.5% |
Bank of America | $125,000 | $905,000 | 624.0% | 0.5% |
21ST MORTGAGE CORPORATION | $670,000 | $850,000 | 26.9% | 0.5% |
NEW DAY FINANCIAL, LLC | $1,730,000 | $775,000 | -55.2% | 0.4% |
Flagstar Bank, FSB | $1,525,000 | $770,000 | -49.5% | 0.4% |
JPMorgan Chase Bank | $600,000 | $685,000 | 14.2% | 0.4% |
Origin Bank | $1,195,000 | $680,000 | -43.1% | 0.4% |
EVANSVILLE TEACHERS | $620,000 | n/a | 0.4% | |
GUARANTY HOME MORTGAGE CORPORATION | $580,000 | n/a | 0.3% | |
Home Bank | $220,000 | $570,000 | 159.1% | 0.3% |
VILLAGE CAPITAL & INVESTMENT LLC | $320,000 | $535,000 | 67.2% | 0.3% |
Reliant Bank | $355,000 | $520,000 | 46.5% | 0.3% |
Carrington Mortgage Services, LLC | $690,000 | $480,000 | -30.4% | 0.3% |
Ally Bank | $420,000 | n/a | 0.2% | |
The First, A National Banking Association | $260,000 | $395,000 | 51.9% | 0.2% |
AMERICAN INTERNET MORTGAGE, INC. | $65,000 | $380,000 | 484.6% | 0.2% |
Citizens Bank | $270,000 | $380,000 | 40.7% | 0.2% |
HOMESTEAD FUNDING CORP. | $375,000 | n/a | 0.2% | |
Renasant Bank | $510,000 | $375,000 | -26.5% | 0.2% |
MEMBER FIRST MORTGAGE, LLC | $155,000 | $370,000 | 138.7% | 0.2% |
MORTGAGE ACCESS CORP. | $370,000 | n/a | 0.2% | |
The Federal Savings Bank | $370,000 | n/a | 0.2% | |
CALIBER HOME LOANS, INC. | $360,000 | n/a | 0.2% | |
Barrington Bank & Trust Company, N.A. | $270,000 | $355,000 | 31.5% | 0.2% |
CORNERSTONE HOME LENDING, INC. | $145,000 | $355,000 | 144.8% | 0.2% |
TJC Mortgage, Inc. | $355,000 | n/a | 0.2% | |
BankFirst Financial Services | $9,350,000 | $325,000 | -96.5% | 0.2% |
Hometown Lenders, Inc. | $315,000 | n/a | 0.2% | |
Assurance Financial Group, L.L.C. | $85,000 | $305,000 | 258.8% | 0.2% |
First Horizon Bank | $305,000 | n/a | 0.2% | |
LAND HOME FINANCIAL SERVICES, INC. | $75,000 | $305,000 | 306.7% | 0.2% |
PENTAGON FEDERAL CREDIT UNION | $165,000 | $305,000 | 84.8% | 0.2% |
Magnolia Bank | $300,000 | n/a | 0.2% | |
Gateway First Bank | $275,000 | n/a | 0.2% | |
PHH Mortgage Corporation | $270,000 | n/a | 0.2% | |
First Federal Bank | $380,000 | $265,000 | -30.3% | 0.2% |
Northpointe Bank | $285,000 | $265,000 | -7.0% | 0.2% |
RELIANCE FIRST CAPITAL, LLC | $165,000 | $265,000 | 60.6% | 0.2% |
AMERICAN ADVISORS GROUP | $15,000 | $235,000 | 1,466.7% | 0.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $215,000 | n/a | 0.1% | |
EMBRACE HOME LOANS, INC. | $215,000 | n/a | 0.1% | |
PLANET HOME LENDING, LLC | $310,000 | $215,000 | -30.6% | 0.1% |
Nations Lending Corporation | $205,000 | n/a | 0.1% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $200,000 | n/a | 0.1% | |
Eagle Bank and Trust Company | $195,000 | n/a | 0.1% | |
RIVERLAND FEDERAL CREDIT UNION | $195,000 | n/a | 0.1% | |
DELMAR FINANCIAL COMPANY | $155,000 | $180,000 | 16.1% | 0.1% |
ACADEMY MORTGAGE CORPORATION | $215,000 | $175,000 | -18.6% | 0.1% |
MORTGAGE INVESTORS GROUP, INC. | $175,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $170,000 | $170,000 | 0.0% | 0.1% |
BankPlus | $2,585,000 | $165,000 | -93.6% | 0.1% |
Citibank | $165,000 | n/a | 0.1% | |
FirstBank | $405,000 | $160,000 | -60.5% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $150,000 | n/a | 0.1% | |
Lakeview Community Capital, LLC | $195,000 | $145,000 | -25.6% | 0.1% |
SUN WEST MORTGAGE COMPANY, INC. | $5,000 | $145,000 | 2,800.0% | 0.1% |
ACIPCO Federal Credit Union | $135,000 | n/a | 0.1% | |
Discover Bank | $135,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $125,000 | n/a | 0.1% | |
Colonial Savings, F.A. | $95,000 | $115,000 | 21.1% | 0.1% |
First Guaranty Mortgage Corporation | $205,000 | $115,000 | -43.9% | 0.1% |
RUOFF MORTGAGE COMPANY, INC. | $115,000 | $115,000 | 0.0% | 0.1% |
ANGEL OAK HOME LOANS LLC | $705,000 | $95,000 | -86.5% | 0.1% |
HOME POINT FINANCIAL CORPORATION | $145,000 | $95,000 | -34.5% | 0.1% |
CHURCHILL MORTGAGE CORPORATION | $85,000 | n/a | 0.0% | |
Evolve Bank & Trust | $85,000 | n/a | 0.0% | |
AMERICAN FINANCIAL NETWORK, INC. | $75,000 | n/a | 0.0% | |
United States Senate Federal Credit Union | $65,000 | n/a | 0.0% | |
First Home Bank | $55,000 | n/a | 0.0% | |
Bethpage Federal Credit Union | $45,000 | n/a | 0.0% |
Vicksburg's top lender by overall market share is Trustmark National Bank, with 21.1% market share. In second place, with 11.4%, is BancorpSouth Bank, having originated $19,965,000 in loans. In third place, with 9.4%, is QUICKEN LOANS, LLC, having originated $16,345,000 in loans. In third place, with 5.0%, is MUTUAL, having originated $8,785,000 in loans. In third place, with 4.6%, is FIDELITY BANK, having originated $8,105,000 in loans.
Vicksburg, MS Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 468 | $81,180,000 | $173,462 |
Refi | 352 | $64,150,000 | $182,244 |
Cash Out Refi | 159 | $24,985,000 | $157,138 |
Other | 49 | $3,355,000 | $68,469 |
Home Improvement | 11 | $925,000 | $84,091 |
Vicksburg's most frequently cited loan purpose was Home Purchase, with 468 originations. The 2nd most popular reason was Refi, with 352 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 327 | $54,325,000 | $166,131 |
2.5-3% | 308 | $58,780,000 | $190,844 |
<2.5% | 227 | $37,615,000 | $165,705 |
4-5% | 14 | $2,190,000 | $156,429 |
6-7% | 10 | $860,000 | $86,000 |
7-8% | 8 | $560,000 | $70,000 |
5-6% | 7 | $465,000 | $66,429 |
Over 8% | 5 | $345,000 | $69,000 |
During 2021, Vicksburg's most frequently originated rate bucket was 3-4%, with 327 originations.
Loan Sizing (Vicksburg, MS MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 483 | $71,105,000 | $147,215 |
$200k-400k | 269 | $70,045,000 | $260,390 |
$100,000 or less | 263 | $15,795,000 | $60,057 |
$400k-600k | 19 | $8,705,000 | $458,158 |
$600k-1000k | 3 | $2,165,000 | $721,667 |
$Over $1MM | 2 | $6,780,000 | $3,390,000 |
Vicksburg's loan sizing saw the bucket of loans from $100k-200k with 483 originations, totaling $71,105,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 450 | $84,410,000 | $187,578 |
60-80% | 239 | $45,375,000 | $189,854 |
40-60% | 84 | $12,080,000 | $143,810 |
20-40% | 47 | $3,335,000 | $70,957 |
Under 20% | 47 | $1,325,000 | $28,191 |
Over 100% | 11 | $2,955,000 | $268,636 |
Vicksburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 450 originations, totaling $84,410,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Vicksburg (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 | $139,900 (-3.5%) | $174,088 (2.2%) | 0.00 | 253 |
2018-02-01 | $139,900 (1.8%) | $174,587 (4.5%) | 0.00 | 251 |
2018-03-01 | $139,900 (-4.0%) | $175,073 (-0.5%) | 0.00 | 240 |
2018-04-01 | $145,000 (0.0%) | $183,312 (3.9%) | 0.00 | 239 |
2018-05-01 | $139,000 (-3.1%) | $180,168 (1.3%) | 0.00 | 251 |
2018-06-01 | $139,900 (-1.7%) | $182,337 (2.3%) | 0.00 | 254 |
2018-07-01 | $150,750 (4.0%) | $194,508 (7.3%) | 0.00 | 252 |
2018-08-01 | $148,250 (-0.2%) | $190,481 (4.5%) | 0.00 | 248 |
2018-09-01 | $159,000 (6.1%) | $191,793 (3.7%) | 0.00 | 233 |
2018-10-01 | $156,950 (5.0%) | $188,868 (3.1%) | 0.00 | 227 |
2018-11-01 | $152,500 (2.4%) | $189,274 (3.3%) | 0.00 | 227 |
2018-12-01 | $148,000 (-0.7%) | $191,224 (2.8%) | 0.00 | 210 |
2019-01-01 | $148,750 (6.3%) | $191,631 (10.1%) | 0.00 | 194 |
2019-02-01 | $153,900 (10.0%) | $188,402 (7.9%) | 0.00 | 183 |
2019-03-01 | $145,000 (3.7%) | $186,711 (6.7%) | 0.00 | 185 |
2019-04-01 | $145,000 (0.0%) | $187,839 (2.5%) | 0.00 | 185 |
2019-05-01 | $134,900 (-3.0%) | $178,827 (-0.7%) | 0.00 | 177 |
2019-06-01 | $134,900 (-3.6%) | $178,255 (-2.2%) | 0.00 | 177 |
2019-07-01 | $131,500 (-12.8%) | $171,347 (-11.9%) | 0.00 | 161 |
2019-08-01 | $133,814 (-9.7%) | $171,456 (-10.0%) | 0.00 | 167 |
2019-09-01 | $132,314 (-16.8%) | $174,456 (-9.0%) | 0.00 | 163 |
2019-10-01 | $135,950 (-13.4%) | $186,001 (-1.5%) | 0.00 | 140 |
2019-11-01 | $144,000 (-5.6%) | $194,960 (3.0%) | 0.00 | 144 |
2019-12-01 | $149,900 (1.3%) | $199,210 (4.2%) | 0.00 | 143 |
2020-01-01 | $149,900 (0.8%) | $192,036 (0.2%) | 0.00 | 130 |
2020-02-01 | $159,000 (3.3%) | $190,599 (1.2%) | 0.00 | 133 |
2020-03-01 | $162,500 (12.1%) | $198,265 (6.2%) | 0.00 | 135 |
2020-04-01 | $168,000 (15.9%) | $194,655 (3.6%) | 0.00 | 128 |
2020-05-01 | $159,900 (18.5%) | $195,413 (9.3%) | 0.00 | 124 |
2020-06-01 | $156,250 (15.8%) | $198,978 (11.6%) | 0.00 | 113 |
2020-07-01 | $159,900 (21.6%) | $203,893 (19.0%) | 0.00 | 109 |
2020-08-01 | $165,000 (23.3%) | $207,790 (21.2%) | 0.00 | 110 |
2020-09-01 | $170,950 (29.2%) | $225,061 (29.0%) | 0.00 | 112 |
2020-10-01 | $182,000 (33.9%) | $241,068 (29.6%) | 0.00 | 104 |
2020-11-01 | $177,450 (23.2%) | $230,555 (18.3%) | 0.00 | 108 |
2020-12-01 | $162,500 (8.4%) | $226,653 (13.8%) | 0.00 | 98 |
2021-01-01 | $160,000 (6.7%) | $206,383 (7.5%) | 0.00 | 85 |
2021-02-01 | $154,950 (-2.6%) | $197,655 (3.7%) | 0.00 | 78 |
2021-03-01 | $149,850 (-7.8%) | $193,556 (-2.4%) | 0.00 | 82 |
2021-04-01 | $143,700 (-14.5%) | $191,044 (-1.9%) | 0.00 | 75 |
2021-05-01 | $165,000 (3.2%) | $207,019 (5.9%) | 0.00 | 75 |
2021-06-01 | $167,950 (7.5%) | $247,515 (24.4%) | 0.00 | 75 |
2021-07-01 | $152,500 (-4.6%) | $245,622 (20.5%) | 0.00 | 67 |
2021-08-01 | $159,000 (-3.6%) | $247,855 (19.3%) | 0.00 | 75 |
2021-09-01 | $159,000 (-7.0%) | $255,681 (13.6%) | 0.00 | 66 |
2021-10-01 | $149,500 (-17.9%) | $218,858 (-9.2%) | 0.00 | 70 |
2021-11-01 | $150,000 (-15.5%) | $232,975 (1.1%) | 0.00 | 68 |
2021-12-01 | $147,900 (-9.0%) | $237,091 (4.6%) | 0.00 | 68 |
2022-01-01 | $150,000 (-6.3%) | $234,698 (13.7%) | 0.00 | 62 |
2022-02-01 | $176,500 (13.9%) | $251,783 (27.4%) | 0.00 | 65 |
2022-03-01 | $172,500 (15.1%) | $246,859 (27.5%) | 0.00 | 67 |
2022-04-01 | $185,000 (28.7%) | $245,786 (28.7%) | 0.00 | 79 |
2022-05-01 | $217,450 (31.8%) | $276,692 (33.7%) | 0.00 | 83 |
Vicksburg's median listing price comes in at 0% of the national average.
Vicksburg's average listing price for 2022-05-01 was $276,692, a difference of $69,673 (33.7%) versus the prior year and $30,906 versus the prior month.
For the 2022-05-01 period, Vicksburg had 83 MLS listings, a difference of 4 listings (5%) versus the prior month and 8 listings (11%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Vicksburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,898 sqft |
2018-02-01 | 0 days | 1,933 sqft |
2018-03-01 | 0 days | 1,968 sqft |
2018-04-01 | 0 days | 2,009 sqft |
2018-05-01 | 0 days | 2,009 sqft |
2018-06-01 | 0 days | 2,000 sqft |
2018-07-01 | 0 days | 2,000 sqft |
2018-08-01 | 0 days | 2,021 sqft |
2018-09-01 | 0 days | 1,994 sqft |
2018-10-01 | 0 days | 2,031 sqft |
2018-11-01 | 0 days | 1,994 sqft |
2018-12-01 | 0 days | 1,973 sqft |
2019-01-01 | 0 days | 1,962 sqft |
2019-02-01 | 0 days | 1,986 sqft |
2019-03-01 | 0 days | 1,941 sqft |
2019-04-01 | 0 days | 1,909 sqft |
2019-05-01 | 0 days | 1,838 sqft |
2019-06-01 | 0 days | 1,825 sqft |
2019-07-01 | 0 days | 1,800 sqft |
2019-08-01 | 0 days | 1,766 sqft |
2019-09-01 | 0 days | 1,742 sqft |
2019-10-01 | 0 days | 1,819 sqft |
2019-11-01 | 0 days | 1,824 sqft |
2019-12-01 | 0 days | 1,832 sqft |
2020-01-01 | 0 days | 1,813 sqft |
2020-02-01 | 0 days | 1,800 sqft |
2020-03-01 | 0 days | 1,879 sqft |
2020-04-01 | 0 days | 1,930 sqft |
2020-05-01 | 0 days | 1,874 sqft |
2020-06-01 | 0 days | 1,886 sqft |
2020-07-01 | 0 days | 1,923 sqft |
2020-08-01 | 0 days | 1,925 sqft |
2020-09-01 | 0 days | 1,968 sqft |
2020-10-01 | 0 days | 2,223 sqft |
2020-11-01 | 0 days | 2,089 sqft |
2020-12-01 | 0 days | 1,900 sqft |
2021-01-01 | 0 days | 1,889 sqft |
2021-02-01 | 0 days | 1,833 sqft |
2021-03-01 | 0 days | 1,788 sqft |
2021-04-01 | 0 days | 1,712 sqft |
2021-05-01 | 0 days | 1,826 sqft |
2021-06-01 | 0 days | 1,843 sqft |
2021-07-01 | 0 days | 1,692 sqft |
2021-08-01 | 0 days | 1,734 sqft |
2021-09-01 | 0 days | 1,717 sqft |
2021-10-01 | 0 days | 1,731 sqft |
2021-11-01 | 0 days | 1,744 sqft |
2021-12-01 | 0 days | 1,703 sqft |
2022-01-01 | 0 days | 1,757 sqft |
2022-02-01 | 0 days | 1,757 sqft |
2022-03-01 | 0 days | 1,800 sqft |
2022-04-01 | 0 days | 1,950 sqft |
2022-05-01 | 0 days | 2,104 sqft |
Vicksburg's median square footage for active listings during the 2022-05-01 period was 2,104 sqft. One year prior, the average listing was 1,826 sqft.