Vincennes Mortgage Rates
30 Year Fixed Rate mortgages in Vincennes averaged
6.08%
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
5.75% and
one month ago for the week of 2022-05-19, the
average rate was 5.62%.
Vincennes's average rate one year ago was 3.29%.
For refis of the same type during the week of 2022-06-23, the average rate
was 5.77%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-23 | 5.81% |
Vincennes 30 Year Fixed Rate | 2022-06-23 | 6.08% |
Vincennes 30 Year Fixed Rate Refi | 2022-06-23 | 5.77% |
Vincennes 15 Year Fixed Rate | 2022-06-23 | 5.63% |
Vincennes 15 Year Fixed Rate Refi | 2022-06-23 | 5.39% |
Vincennes 30 Year FHA | 2022-06-23 | 0.43% |
Vincennes 30 Year FHA Refi | 2022-06-23 | -0.06% |
Vincennes 30 Year USDA | 2022-06-23 | 0.52% |
Vincennes 30 Year USDA Refi | 2022-06-23 | 0.39% |
Vincennes 30 Year VA | 2022-06-23 | 0.73% |
Vincennes 30 Year VA Refi | 2022-06-23 | 0.18% |
Vincennes 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 Vincennes, IN 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.).
Vincennes, IN's 42 lenders originated 973
loans during 2021. The total origination value was $121,405,000, with an average loan value of
$124,774.
The top Vincennes lender as defined by loan originations is EVANSVILLE TEACHERS, with
64 loans originated. Their average total fees are
$2,208, which is $159
lower than the next largest lender,
German American Bank.
The lowest fee Vincennes lenders (with over 10 loans originated) are
RUOFF MORTGAGE COMPANY, INC. ($1,492), Old National Bank ($1,904), EVANSVILLE TEACHERS ($2,208), German American Bank ($2,368) and Regions Bank ($2,389).
The lowest rate Vincennes lenders (with over 10 loans originated) are
Regions Bank (3.05%), EVANSVILLE TEACHERS (3.13%), QUICKEN LOANS, LLC (3.13%), German American Bank (3.16%) and Old National Bank (3.21%).
Vincennes, IN 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 |
---|---|---|---|---|
EVANSVILLE TEACHERS | $36,290,000 | $32,405,000 | -10.7% | 26.7% |
German American Bank | $15,850,000 | $16,125,000 | 1.7% | 13.3% |
RUOFF MORTGAGE COMPANY, INC. | $7,395,000 | $9,015,000 | 21.9% | 7.4% |
Old National Bank | $17,025,000 | $8,350,000 | -51.0% | 6.9% |
QUICKEN LOANS, LLC | $4,705,000 | $6,470,000 | 37.5% | 5.3% |
Regions Bank | $9,790,000 | $5,260,000 | -46.3% | 4.3% |
First Financial Bank | $285,000 | $3,090,000 | 984.2% | 2.5% |
Mortgage Research Center, LLC | $1,405,000 | $2,750,000 | 95.7% | 2.3% |
UNITED WHOLESALE MORTGAGE, LLC | $560,000 | $2,685,000 | 379.5% | 2.2% |
MORTGAGE MASTERS OF INDIANA, INC. | $1,210,000 | $2,375,000 | 96.3% | 2.0% |
PLAZA HOME MORTGAGE, INC. | $280,000 | $2,240,000 | 700.0% | 1.8% |
GUARANTEED RATE, INC. | $105,000 | $1,990,000 | 1,795.2% | 1.6% |
Fifth Third Bank | $1,675,000 | $1,830,000 | 9.3% | 1.5% |
FREEDOM MORTGAGE CORPORATION | $1,965,000 | $1,745,000 | -11.2% | 1.4% |
First Federal Savings Bank | $1,630,000 | $1,710,000 | 4.9% | 1.4% |
Farm Credit Mid-America, ACA | $1,355,000 | $1,655,000 | 22.1% | 1.4% |
AMERISAVE MORTGAGE CORPORATION | $530,000 | $1,155,000 | 117.9% | 1.0% |
HOME POINT FINANCIAL CORPORATION | $195,000 | $1,095,000 | 461.5% | 0.9% |
LOANDEPOT.COM, LLC | $510,000 | $1,090,000 | 113.7% | 0.9% |
Wells Fargo Bank | $505,000 | $1,040,000 | 105.9% | 0.9% |
CRANE | $455,000 | $840,000 | 84.6% | 0.7% |
PENNYMAC LOAN SERVICES, LLC | $215,000 | $770,000 | 258.1% | 0.6% |
LAKEVIEW LOAN SERVICING, LLC | $745,000 | n/a | 0.6% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $625,000 | n/a | 0.5% | |
Mr. Cooper ( Nationstar Mortgage ) | $1,105,000 | $580,000 | -47.5% | 0.5% |
The Huntington National Bank | $555,000 | n/a | 0.5% | |
The First National Bank of Carmi | $1,010,000 | $545,000 | -46.0% | 0.4% |
BROKER SOLUTIONS, INC. | $300,000 | $510,000 | 70.0% | 0.4% |
Carrington Mortgage Services, LLC | $550,000 | $490,000 | -10.9% | 0.4% |
Barrington Bank & Trust Company, N.A. | $335,000 | $485,000 | 44.8% | 0.4% |
NAVY FEDERAL CREDIT UNION | $210,000 | $485,000 | 131.0% | 0.4% |
GVC MORTGAGE, INC. | $425,000 | n/a | 0.4% | |
BEACON CREDIT UNION | $655,000 | $420,000 | -35.9% | 0.3% |
Owen County State Bank | $225,000 | $420,000 | 86.7% | 0.3% |
NEW DAY FINANCIAL, LLC | $555,000 | $395,000 | -28.8% | 0.3% |
Bank of England | $240,000 | $345,000 | 43.8% | 0.3% |
JPMorgan Chase Bank | $65,000 | $340,000 | 423.1% | 0.3% |
UNION HOME MORTGAGE CORP. | $335,000 | n/a | 0.3% | |
HALLMARK HOME MORTGAGE, LLC | $330,000 | n/a | 0.3% | |
CHERRY CREEK MORTGAGE, LLC | $305,000 | n/a | 0.3% | |
Equity Prime Mortgage LLC | $305,000 | n/a | 0.3% | |
NBKC BANK | $295,000 | n/a | 0.2% | |
U.S. Bank | $125,000 | $295,000 | 136.0% | 0.2% |
LIMA ONE CAPITAL, LLC | $290,000 | n/a | 0.2% | |
BETTER MORTGAGE CORPORATION | $275,000 | n/a | 0.2% | |
Mercantile Bank of Michigan | $275,000 | n/a | 0.2% | |
BOONVILLE FEDERAL SAVINGS BANK | $70,000 | $255,000 | 264.3% | 0.2% |
First Farmers Bank and Trust Company | $245,000 | n/a | 0.2% | |
21ST MORTGAGE CORPORATION | $185,000 | $235,000 | 27.0% | 0.2% |
AMERICAN FINANCIAL NETWORK, INC. | $225,000 | $235,000 | 4.4% | 0.2% |
MID AMERICA MORTGAGE, INC. | $230,000 | n/a | 0.2% | |
LOANPAL, LLC | $225,000 | n/a | 0.2% | |
VILLAGE CAPITAL & INVESTMENT LLC | $690,000 | $225,000 | -67.4% | 0.2% |
Nations Lending Corporation | $300,000 | $220,000 | -26.7% | 0.2% |
Petefish, Skiles & Co. | $205,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $125,000 | $190,000 | 52.0% | 0.2% |
Centra Credit Union | $185,000 | n/a | 0.2% | |
The Federal Savings Bank | $390,000 | $185,000 | -52.6% | 0.2% |
UNIFY FINANCIAL Credit Union | $395,000 | $185,000 | -53.2% | 0.2% |
FINANCE OF AMERICA MORTGAGE LLC | $175,000 | n/a | 0.1% | |
Plains Commerce Bank | $185,000 | $175,000 | -5.4% | 0.1% |
First Savings Bank | $170,000 | n/a | 0.1% | |
Renasant Bank | $165,000 | n/a | 0.1% | |
FAIR WAY LENDING LLC | $155,000 | n/a | 0.1% | |
BMO Harris Bank | $135,000 | n/a | 0.1% | |
AMCAP MORTGAGE, LTD. | $125,000 | n/a | 0.1% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $105,000 | $120,000 | 14.3% | 0.1% |
Northpointe Bank | $120,000 | n/a | 0.1% | |
Florida Capital Bank | $115,000 | n/a | 0.1% | |
TRIAD FINANCIAL SERVICES, INC. | $110,000 | n/a | 0.1% | |
CALIBER HOME LOANS, INC. | $285,000 | $105,000 | -63.2% | 0.1% |
PHH Mortgage Corporation | $105,000 | n/a | 0.1% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $105,000 | n/a | 0.1% | |
SUCCESS MORTGAGE PARTNERS, INC. | $105,000 | n/a | 0.1% | |
ENDEAVOR CAPITAL, LLC. | $135,000 | $95,000 | -29.6% | 0.1% |
MUTUAL OF OMAHA MORTGAGE, INC. | $85,000 | $95,000 | 11.8% | 0.1% |
OPEN MORTGAGE, LLC | $95,000 | n/a | 0.1% | |
TOP FLITE FINANCIAL, INC. | $95,000 | n/a | 0.1% | |
NEWREZ LLC | $105,000 | $85,000 | -19.0% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $75,000 | n/a | 0.1% | |
Figure Lending LLC | $25,000 | $75,000 | 200.0% | 0.1% |
Northwest Bank | $160,000 | $75,000 | -53.1% | 0.1% |
AMERIFIRST FINANCIAL CORPORATION | $170,000 | $65,000 | -61.8% | 0.1% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $65,000 | $65,000 | 0.0% | 0.1% |
INDIANA MEMBERS CREDIT UNION | $25,000 | n/a | 0.0% |
Vincennes's top lender by overall market share is EVANSVILLE TEACHERS, with 26.7% market share. In second place, with 13.3%, is German American Bank, having originated $16,125,000 in loans. In third place, with 7.4%, is RUOFF MORTGAGE COMPANY, INC., having originated $9,015,000 in loans. In third place, with 6.9%, is Old National Bank, having originated $8,350,000 in loans. In third place, with 5.3%, is QUICKEN LOANS, LLC, having originated $6,470,000 in loans.
Vincennes, IN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 386 | $55,530,000 | $143,860 |
Refi | 302 | $36,480,000 | $120,795 |
Cash Out Refi | 173 | $20,615,000 | $119,162 |
Home Improvement | 82 | $5,910,000 | $72,073 |
Other | 30 | $2,870,000 | $95,667 |
Vincennes's most frequently cited loan purpose was Home Purchase, with 386 originations. The 2nd most popular reason was Refi, with 302 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 387 | $48,435,000 | $125,155 |
2.5-3% | 371 | $50,145,000 | $135,162 |
<2.5% | 131 | $15,555,000 | $118,740 |
4-5% | 58 | $5,140,000 | $88,621 |
5-6% | 10 | $470,000 | $47,000 |
Over 8% | 4 | $150,000 | $37,500 |
6-7% | 3 | $235,000 | $78,333 |
7-8% | 3 | $305,000 | $101,667 |
During 2021, Vincennes's most frequently originated rate bucket was 3-4%, with 387 originations.
Loan Sizing (Vincennes, IN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 456 | $27,970,000 | $61,338 |
$100k-200k | 370 | $51,770,000 | $139,919 |
$200k-400k | 129 | $32,745,000 | $253,837 |
$400k-600k | 17 | $8,195,000 | $482,059 |
$600k-1000k | 1 | $725,000 | $725,000 |
Vincennes's loan sizing saw the bucket of loans from $100,000 or less with 456 originations, totaling $27,970,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 403 | $57,955,000 | $143,809 |
60-80% | 272 | $38,340,000 | $140,956 |
40-60% | 115 | $12,115,000 | $105,348 |
20-40% | 88 | $5,870,000 | $66,705 |
Under 20% | 64 | $2,160,000 | $33,750 |
Over 100% | 7 | $1,365,000 | $195,000 |
Vincennes's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 403 originations, totaling $57,955,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Vincennes (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 | $69,900 (-12.5%) | $122,277 (-2.2%) | 0.00 | 104 |
2018-02-01 | $77,450 (-3.1%) | $123,849 (-0.7%) | 0.00 | 100 |
2018-03-01 | $72,500 (-9.3%) | $120,806 (-4.6%) | 0.00 | 102 |
2018-04-01 | $76,450 (-4.3%) | $124,939 (-1.6%) | 0.00 | 102 |
2018-05-01 | $92,400 (15.6%) | $142,155 (17.0%) | 0.00 | 114 |
2018-06-01 | $114,900 (43.8%) | $158,728 (24.4%) | 0.00 | 109 |
2018-07-01 | $114,900 (15.5%) | $152,377 (6.1%) | 0.00 | 109 |
2018-08-01 | $109,000 (-0.7%) | $152,798 (-3.6%) | 0.00 | 108 |
2018-09-01 | $109,900 (0.9%) | $160,160 (-0.3%) | 0.00 | 109 |
2018-10-01 | $117,400 (17.8%) | $168,484 (10.9%) | 0.00 | 100 |
2018-11-01 | $99,900 (5.2%) | $160,244 (11.8%) | 0.00 | 103 |
2018-12-01 | $89,900 (30.3%) | $158,590 (31.9%) | 0.00 | 101 |
2019-01-01 | $89,900 (28.6%) | $155,466 (27.1%) | 0.00 | 106 |
2019-02-01 | $84,900 (9.6%) | $154,155 (24.5%) | 0.00 | 99 |
2019-03-01 | $84,900 (17.1%) | $156,139 (29.3%) | 0.00 | 92 |
2019-04-01 | $82,400 (7.8%) | $158,079 (26.5%) | 0.00 | 89 |
2019-05-01 | $105,950 (14.7%) | $176,099 (23.9%) | 0.00 | 84 |
2019-06-01 | $135,900 (18.3%) | $188,755 (18.9%) | 0.00 | 81 |
2019-07-01 | $142,500 (24.0%) | $185,618 (21.8%) | 0.00 | 100 |
2019-08-01 | $142,814 (31.0%) | $178,494 (16.8%) | 0.00 | 111 |
2019-09-01 | $142,764 (29.9%) | $176,080 (9.9%) | 0.00 | 115 |
2019-10-01 | $137,500 (17.1%) | $175,710 (4.3%) | 0.00 | 104 |
2019-11-01 | $144,900 (45.1%) | $172,658 (7.8%) | 0.00 | 92 |
2019-12-01 | $124,900 (38.9%) | $171,056 (7.9%) | 0.00 | 87 |
2020-01-01 | $135,000 (50.2%) | $174,470 (12.2%) | 0.00 | 79 |
2020-02-01 | $109,900 (29.5%) | $164,147 (6.5%) | 0.00 | 75 |
2020-03-01 | $97,400 (14.7%) | $158,768 (1.7%) | 0.00 | 73 |
2020-04-01 | $87,000 (5.6%) | $148,739 (-5.9%) | 0.00 | 63 |
2020-05-01 | $79,900 (-24.6%) | $146,148 (-17.0%) | 0.00 | 60 |
2020-06-01 | $74,900 (-44.9%) | $152,944 (-19.0%) | 0.00 | 54 |
2020-07-01 | $102,900 (-27.8%) | $166,876 (-10.1%) | 0.00 | 53 |
2020-08-01 | $102,900 (-28.0%) | $155,129 (-13.1%) | 0.00 | 61 |
2020-09-01 | $94,750 (-33.6%) | $156,756 (-11.0%) | 0.00 | 59 |
2020-10-01 | $125,900 (-8.4%) | $158,925 (-9.6%) | 0.00 | 57 |
2020-11-01 | $122,900 (-15.2%) | $162,155 (-6.1%) | 0.00 | 60 |
2020-12-01 | $98,750 (-20.9%) | $148,380 (-13.3%) | 0.00 | 65 |
2021-01-01 | $94,000 (-30.4%) | $143,995 (-17.5%) | 0.00 | 61 |
2021-02-01 | $99,900 (-9.1%) | $161,882 (-1.4%) | 0.00 | 55 |
2021-03-01 | $101,750 (4.5%) | $162,032 (2.1%) | 0.00 | 48 |
2021-04-01 | $82,900 (-4.7%) | $176,814 (18.9%) | 0.00 | 38 |
2021-05-01 | $70,900 (-11.3%) | $150,722 (3.1%) | 0.00 | 38 |
2021-06-01 | $96,950 (29.4%) | $148,556 (-2.9%) | 0.00 | 34 |
2021-07-01 | $76,250 (-25.9%) | $138,770 (-16.8%) | 0.00 | 37 |
2021-08-01 | $112,450 (9.3%) | $155,571 (0.3%) | 0.00 | 44 |
2021-09-01 | $124,900 (31.8%) | $171,080 (9.1%) | 0.00 | 55 |
2021-10-01 | $129,900 (3.2%) | $162,361 (2.2%) | 0.00 | 66 |
2021-11-01 | $120,200 (-2.2%) | $168,212 (3.7%) | 0.00 | 59 |
2021-12-01 | $118,950 (20.5%) | $165,891 (11.8%) | 0.00 | 59 |
2022-01-01 | $104,900 (11.6%) | $160,619 (11.5%) | 0.00 | 49 |
2022-02-01 | $107,000 (7.1%) | $157,905 (-2.5%) | 0.00 | 44 |
2022-03-01 | $98,900 (-2.8%) | $138,782 (-14.4%) | 0.00 | 38 |
2022-04-01 | $82,500 (-0.5%) | $124,876 (-29.4%) | 0.00 | 41 |
2022-05-01 | $106,700 (50.5%) | $148,749 (-1.3%) | 0.00 | 44 |
Vincennes's median listing price comes in at 0% of the national average.
Vincennes's average listing price for 2022-05-01 was $148,749, a difference of $-1,973 (-1.3%) versus the prior year and $23,873 versus the prior month.
For the 2022-05-01 period, Vincennes had 44 MLS listings, a difference of 3 listings (7%) versus the prior month and 6 listings (16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Vincennes (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,346 sqft |
2018-02-01 | 0 days | 1,403 sqft |
2018-03-01 | 0 days | 1,417 sqft |
2018-04-01 | 0 days | 1,422 sqft |
2018-05-01 | 0 days | 1,603 sqft |
2018-06-01 | 0 days | 1,635 sqft |
2018-07-01 | 0 days | 1,629 sqft |
2018-08-01 | 0 days | 1,616 sqft |
2018-09-01 | 0 days | 1,628 sqft |
2018-10-01 | 0 days | 1,619 sqft |
2018-11-01 | 0 days | 1,564 sqft |
2018-12-01 | 0 days | 1,608 sqft |
2019-01-01 | 0 days | 1,578 sqft |
2019-02-01 | 0 days | 1,520 sqft |
2019-03-01 | 0 days | 1,517 sqft |
2019-04-01 | 0 days | 1,530 sqft |
2019-05-01 | 0 days | 1,590 sqft |
2019-06-01 | 0 days | 1,618 sqft |
2019-07-01 | 0 days | 1,618 sqft |
2019-08-01 | 0 days | 1,632 sqft |
2019-09-01 | 0 days | 1,663 sqft |
2019-10-01 | 0 days | 1,637 sqft |
2019-11-01 | 0 days | 1,622 sqft |
2019-12-01 | 0 days | 1,618 sqft |
2020-01-01 | 0 days | 1,715 sqft |
2020-02-01 | 0 days | 1,690 sqft |
2020-03-01 | 0 days | 1,630 sqft |
2020-04-01 | 0 days | 1,558 sqft |
2020-05-01 | 0 days | 1,486 sqft |
2020-06-01 | 0 days | 1,430 sqft |
2020-07-01 | 0 days | 1,526 sqft |
2020-08-01 | 0 days | 1,531 sqft |
2020-09-01 | 0 days | 1,503 sqft |
2020-10-01 | 0 days | 1,552 sqft |
2020-11-01 | 0 days | 1,641 sqft |
2020-12-01 | 0 days | 1,589 sqft |
2021-01-01 | 0 days | 1,625 sqft |
2021-02-01 | 0 days | 1,566 sqft |
2021-03-01 | 0 days | 1,478 sqft |
2021-04-01 | 0 days | 1,596 sqft |
2021-05-01 | 0 days | 1,520 sqft |
2021-06-01 | 0 days | 1,425 sqft |
2021-07-01 | 0 days | 1,429 sqft |
2021-08-01 | 0 days | 1,516 sqft |
2021-09-01 | 0 days | 1,516 sqft |
2021-10-01 | 0 days | 1,404 sqft |
2021-11-01 | 0 days | 1,496 sqft |
2021-12-01 | 0 days | 1,542 sqft |
2022-01-01 | 0 days | 1,536 sqft |
2022-02-01 | 0 days | 1,555 sqft |
2022-03-01 | 0 days | 1,415 sqft |
2022-04-01 | 0 days | 1,348 sqft |
2022-05-01 | 0 days | 1,536 sqft |
Vincennes's median square footage for active listings during the 2022-05-01 period was 1,536 sqft. One year prior, the average listing was 1,520 sqft.