Wabash Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Wabash averaged
6.75%
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
7.08% and
one month ago for the week of 2023-02-09, the
average rate was 6.27%.
Wabash's average rate one year ago was 4%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.68%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Wabash 30 Year Fixed Rate | 2023-03-16 | 6.75% |
Wabash 30 Year Fixed Rate Refi | 2023-03-16 | 6.68% |
Wabash 15 Year Fixed Rate | 2023-03-16 | 5.88% |
Wabash 15 Year Fixed Rate Refi | 2023-03-16 | 5.99% |
Wabash 30 Year FHA | 2023-03-16 | 6.84% |
Wabash 30 Year FHA Refi | 2023-03-16 | 6.65% |
Wabash 30 Year USDA | 2023-03-16 | 6.99% |
Wabash 30 Year USDA Refi | 2023-03-16 | 6.51% |
Wabash 30 Year VA | 2023-03-16 | 6.55% |
Wabash 30 Year VA Refi | 2023-03-16 | 5.93% |
Wabash 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 Wabash, 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.).
Wabash Average Closing Costs & Other Stats
Wabash, IN's 67 lenders originated 1,097
loans during 2021. The total origination value was $143,515,000, with an average loan value of
$130,825.
Wabash's average closing costs are $2,996.
The top Wabash lender as defined by loan originations is Crossroads Bank, with
112 loans originated. Their average total fees are
$1,758, which is $574
lower than the next largest lender,
RUOFF MORTGAGE COMPANY, INC..
The lowest fee Wabash lenders (with over 10 loans originated) are
First Farmers Bank and Trust Company ($1,701), Crossroads Bank ($1,758), BEACON CREDIT UNION ($1,971), The Huntington National Bank ($2,304) and RUOFF MORTGAGE COMPANY, INC. ($2,332).
The lowest rate Wabash lenders (with over 10 loans originated) are
BEACON CREDIT UNION (2.88%), Crossroads Bank (3.09%), QUICKEN LOANS, LLC (3.13%), The Huntington National Bank (3.27%) and RUOFF MORTGAGE COMPANY, INC. (3.34%).
Wabash, IN 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 |
---|---|---|---|---|
Crossroads Bank | $54,430,000 | $32,010,000 | -41.2% | 22.3% |
BEACON CREDIT UNION | $27,065,000 | $15,190,000 | -43.9% | 10.6% |
RUOFF MORTGAGE COMPANY, INC. | $8,735,000 | $15,135,000 | 73.3% | 10.5% |
QUICKEN LOANS, LLC | $4,445,000 | $7,915,000 | 78.1% | 5.5% |
First Farmers Bank and Trust Company | $6,625,000 | $5,045,000 | -23.8% | 3.5% |
First Merchants Bank | $2,915,000 | $4,235,000 | 45.3% | 3.0% |
FREEDOM MORTGAGE CORPORATION | $3,810,000 | $3,945,000 | 3.5% | 2.7% |
HALLMARK HOME MORTGAGE, LLC | $2,700,000 | $3,690,000 | 36.7% | 2.6% |
Flagstar Bank, FSB | $2,505,000 | $3,470,000 | 38.5% | 2.4% |
JPMorgan Chase Bank | $670,000 | $2,580,000 | 285.1% | 1.8% |
The Huntington National Bank | $620,000 | $2,165,000 | 249.2% | 1.5% |
NEWREZ LLC | $365,000 | $2,120,000 | 480.8% | 1.5% |
First Federal Savings Bank | $2,150,000 | $1,705,000 | -20.7% | 1.2% |
Mortgage Research Center, LLC | $2,095,000 | $1,695,000 | -19.1% | 1.2% |
Lake City Bank | $1,495,000 | $1,520,000 | 1.7% | 1.1% |
Three Rivers Federal Credit Union | $970,000 | $1,385,000 | 42.8% | 1.0% |
First Federal Savings Bank | $2,150,000 | $1,290,000 | -40.0% | 0.9% |
UNION HOME MORTGAGE CORP. | $1,885,000 | $1,290,000 | -31.6% | 0.9% |
Carrington Mortgage Services, LLC | $105,000 | $1,275,000 | 1,114.3% | 0.9% |
LOANDEPOT.COM, LLC | $725,000 | $1,175,000 | 62.1% | 0.8% |
Mr. Cooper ( Nationstar Mortgage ) | $300,000 | $1,165,000 | 288.3% | 0.8% |
GVC MORTGAGE, INC. | $255,000 | $1,115,000 | 337.3% | 0.8% |
STAR Financial Bank | $755,000 | $980,000 | 29.8% | 0.7% |
Nations Lending Corporation | $175,000 | $975,000 | 457.1% | 0.7% |
PLAZA HOME MORTGAGE, INC. | $95,000 | $965,000 | 915.8% | 0.7% |
TEACHERS CREDIT UNION | $605,000 | $965,000 | 59.5% | 0.7% |
Farm Credit Mid-America, ACA | $755,000 | $900,000 | 19.2% | 0.6% |
PENNYMAC LOAN SERVICES, LLC | $315,000 | $855,000 | 171.4% | 0.6% |
Regions Bank | $65,000 | $800,000 | 1,130.8% | 0.6% |
1st Source Bank | $525,000 | $790,000 | 50.5% | 0.6% |
PARTNERS 1ST Federal Credit Union | $270,000 | $780,000 | 188.9% | 0.5% |
CALIBER HOME LOANS, INC. | $1,115,000 | $760,000 | -31.8% | 0.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $205,000 | $730,000 | 256.1% | 0.5% |
Horizon Bank | $140,000 | $720,000 | 414.3% | 0.5% |
AMERISAVE MORTGAGE CORPORATION | $210,000 | $700,000 | 233.3% | 0.5% |
NAVY FEDERAL CREDIT UNION | $370,000 | $685,000 | 85.1% | 0.5% |
Jackson County Bank | $675,000 | n/a | 0.5% | |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $540,000 | $670,000 | 24.1% | 0.5% |
MICHIGAN MUTUAL, INC. | $140,000 | $660,000 | 371.4% | 0.5% |
First Financial Bank | $80,000 | $645,000 | 706.3% | 0.4% |
LEADERONE FINANCIAL CORPORATION | $195,000 | $645,000 | 230.8% | 0.4% |
PNC Bank | $1,950,000 | $600,000 | -69.2% | 0.4% |
VILLAGE CAPITAL & INVESTMENT LLC | $425,000 | $600,000 | 41.2% | 0.4% |
Centier Bank | $220,000 | $595,000 | 170.5% | 0.4% |
MIDWEST AMERICA | $360,000 | $595,000 | 65.3% | 0.4% |
DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $560,000 | n/a | 0.4% | |
UNITED WHOLESALE MORTGAGE, LLC | $750,000 | $540,000 | -28.0% | 0.4% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $505,000 | n/a | 0.4% | |
ProFed Federal Credit Union | $490,000 | $490,000 | 0.0% | 0.3% |
ROYAL UNITED MORTGAGE LLC | $330,000 | $480,000 | 45.5% | 0.3% |
Wells Fargo Bank | $520,000 | $475,000 | -8.7% | 0.3% |
SUN WEST MORTGAGE COMPANY, INC. | $615,000 | $430,000 | -30.1% | 0.3% |
PURDUE FEDERAL CREDIT UNION | $45,000 | $420,000 | 833.3% | 0.3% |
POLARIS HOME FUNDING CORP. | $585,000 | $395,000 | -32.5% | 0.3% |
CHURCHILL MORTGAGE CORPORATION | $260,000 | $385,000 | 48.1% | 0.3% |
AmeriHome Mortgage Company, LLC | $370,000 | $380,000 | 2.7% | 0.3% |
The North Salem State Bank | $355,000 | n/a | 0.2% | |
NEW DAY FINANCIAL, LLC | $735,000 | $345,000 | -53.1% | 0.2% |
HOME POINT FINANCIAL CORPORATION | $320,000 | $340,000 | 6.3% | 0.2% |
MID AMERICA MORTGAGE, INC. | $320,000 | n/a | 0.2% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $320,000 | n/a | 0.2% | |
MJW Financial LLC | $315,000 | n/a | 0.2% | |
AMERICAN FINANCING CORPORATION | $105,000 | $305,000 | 190.5% | 0.2% |
AMERICAN FINANCIAL NETWORK, INC. | $295,000 | n/a | 0.2% | |
Barrington Bank & Trust Company, N.A. | $430,000 | $290,000 | -32.6% | 0.2% |
CELEBRITY HOME LOANS, LLC | $95,000 | $280,000 | 194.7% | 0.2% |
Low VA Rates, LLC | $340,000 | $280,000 | -17.6% | 0.2% |
First Option Mortgage, LLC | $145,000 | $270,000 | 86.2% | 0.2% |
AMCAP MORTGAGE, LTD. | $145,000 | $250,000 | 72.4% | 0.2% |
GENEVA FINANCIAL, LLC | $245,000 | n/a | 0.2% | |
Fifth Third Bank | $505,000 | $240,000 | -52.5% | 0.2% |
First Federal Bank | $235,000 | $235,000 | 0.0% | 0.2% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $185,000 | $225,000 | 21.6% | 0.2% |
LOANPAL, LLC | $225,000 | n/a | 0.2% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $105,000 | $225,000 | 114.3% | 0.2% |
BETTER MORTGAGE CORPORATION | $215,000 | n/a | 0.1% | |
Northwest Bank | $1,640,000 | $215,000 | -86.9% | 0.1% |
First Guaranty Mortgage Corporation | $115,000 | $210,000 | 82.6% | 0.1% |
Paramount Bank | $205,000 | n/a | 0.1% | |
DHI MORTGAGE COMPANY, LTD. | $195,000 | n/a | 0.1% | |
FORUM Credit Union | $195,000 | n/a | 0.1% | |
LAKE MICHIGAN CREDIT UNION | $195,000 | n/a | 0.1% | |
GUARANTEED RATE, INC. | $75,000 | $190,000 | 153.3% | 0.1% |
MUTUAL OF OMAHA MORTGAGE, INC. | $180,000 | n/a | 0.1% | |
Paramount Residential Mortgage Group, Inc. | $450,000 | $180,000 | -60.0% | 0.1% |
HOMESIDE FINANCIAL, LLC | $175,000 | n/a | 0.1% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $165,000 | $175,000 | 6.1% | 0.1% |
PROVIDENT FUNDING ASSOCIATES, L.P. | $165,000 | n/a | 0.1% | |
First Federal Bank of the Midwest | $180,000 | $145,000 | -19.4% | 0.1% |
WRIGHT-PATT CREDIT UNION, INC. | $145,000 | n/a | 0.1% | |
First Bank of Berne | $310,000 | $140,000 | -54.8% | 0.1% |
USAA Federal Savings Bank | $600,000 | $135,000 | -77.5% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $295,000 | $125,000 | -57.6% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $265,000 | $125,000 | -52.8% | 0.1% |
MEMBER FIRST MORTGAGE, LLC | $200,000 | $125,000 | -37.5% | 0.1% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $120,000 | n/a | 0.1% | |
FORT FINANCIAL Federal Credit Union | $105,000 | n/a | 0.1% | |
21ST MORTGAGE CORPORATION | $100,000 | n/a | 0.1% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $95,000 | n/a | 0.1% | |
CANOPY MORTGAGE, LLC | $95,000 | n/a | 0.1% | |
1ST SIGNATURE LENDING, LLC | $85,000 | n/a | 0.1% | |
Discover Bank | $165,000 | $85,000 | -48.5% | 0.1% |
Merchants Bank of Indiana | $85,000 | n/a | 0.1% | |
The State Bank and Trust Company | $85,000 | n/a | 0.1% | |
First Internet Bank of Indiana | $75,000 | n/a | 0.1% | |
STOCKTON MORTGAGE CORPORATION | $125,000 | $75,000 | -40.0% | 0.1% |
Nicolet National Bank | $65,000 | n/a | 0.0% | |
Bank of America | $135,000 | $45,000 | -66.7% | 0.0% |
PHH Mortgage Corporation | $45,000 | n/a | 0.0% | |
Solidarity Community Federal Credit Union | $185,000 | $45,000 | -75.7% | 0.0% |
First Western Federal Savings Bank | $35,000 | n/a | 0.0% | |
FINANCIAL BUILDERS Federal Credit Union | $15,000 | n/a | 0.0% |
Wabash's top lender by overall market share is Crossroads Bank, with 22.3% market share. In second place, with 10.6%, is BEACON CREDIT UNION, having originated $15,190,000 in loans. In third place, with 10.5%, is RUOFF MORTGAGE COMPANY, INC., having originated $15,135,000 in loans. In fourth place, with 5.5%, is QUICKEN LOANS, LLC, having originated $7,915,000 in loans. In fifth place, with 3.5%, is First Farmers Bank and Trust Company, having originated $5,045,000 in loans.
Wabash Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Wabash (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 | $92,450 (10.6%) | $126,013 (10.7%) | 0.00 | 122 |
2018-02-01 | $89,225 (7.8%) | $124,199 (11.0%) | 0.00 | 121 |
2018-03-01 | $97,500 (14.9%) | $129,874 (9.7%) | 0.00 | 126 |
2018-04-01 | $89,350 (5.1%) | $127,462 (6.9%) | 0.00 | 136 |
2018-05-01 | $100,575 (18.0%) | $137,935 (29.5%) | 0.00 | 149 |
2018-06-01 | $92,250 (5.6%) | $131,096 (16.6%) | 0.00 | 157 |
2018-07-01 | $97,075 (8.8%) | $138,514 (10.1%) | 0.00 | 156 |
2018-08-01 | $92,225 (2.1%) | $141,464 (8.7%) | 0.00 | 151 |
2018-09-01 | $99,700 (5.5%) | $148,258 (11.7%) | 0.00 | 133 |
2018-10-01 | $98,950 (-1.0%) | $153,176 (14.9%) | 0.00 | 126 |
2018-11-01 | $99,225 (-0.2%) | $142,894 (6.7%) | 0.00 | 132 |
2018-12-01 | $99,000 (2.3%) | $147,132 (14.5%) | 0.00 | 120 |
2019-01-01 | $99,900 (8.1%) | $152,273 (20.8%) | 0.00 | 110 |
2019-02-01 | $102,400 (14.8%) | $153,763 (23.8%) | 0.00 | 107 |
2019-03-01 | $97,043 (-0.5%) | $143,765 (10.7%) | 0.00 | 106 |
2019-04-01 | $95,793 (7.2%) | $137,067 (7.5%) | 0.00 | 98 |
2019-05-01 | $99,200 (-1.4%) | $145,478 (5.5%) | 0.00 | 94 |
2019-06-01 | $119,990 (30.1%) | $156,100 (19.1%) | 0.00 | 97 |
2019-07-01 | $127,500 (31.3%) | $168,860 (21.9%) | 0.00 | 112 |
2019-08-01 | $128,270 (39.1%) | $169,935 (20.1%) | 0.00 | 126 |
2019-09-01 | $128,675 (29.1%) | $172,652 (16.5%) | 0.00 | 129 |
2019-10-01 | $128,945 (30.3%) | $173,754 (13.4%) | 0.00 | 132 |
2019-11-01 | $128,990 (30.0%) | $167,959 (17.5%) | 0.00 | 119 |
2019-12-01 | $124,723 (26.0%) | $158,405 (7.7%) | 0.00 | 106 |
2020-01-01 | $119,950 (20.1%) | $148,450 (-2.5%) | 0.00 | 90 |
2020-02-01 | $119,900 (17.1%) | $140,643 (-8.5%) | 0.00 | 79 |
2020-03-01 | $119,000 (22.6%) | $141,975 (-1.3%) | 0.00 | 93 |
2020-04-01 | $122,450 (27.8%) | $151,412 (10.5%) | 0.00 | 85 |
2020-05-01 | $124,200 (25.2%) | $138,675 (-4.7%) | 0.00 | 71 |
2020-06-01 | $138,475 (15.4%) | $167,575 (7.4%) | 0.00 | 61 |
2020-07-01 | $141,550 (11.0%) | $168,515 (-0.2%) | 0.00 | 71 |
2020-08-01 | $139,000 (8.4%) | $183,409 (7.9%) | 0.00 | 59 |
2020-09-01 | $142,400 (10.7%) | $185,052 (7.2%) | 0.00 | 63 |
2020-10-01 | $140,000 (8.6%) | $176,978 (1.9%) | 0.00 | 60 |
2020-11-01 | $128,475 (-0.4%) | $182,703 (8.8%) | 0.00 | 59 |
2020-12-01 | $123,725 (-0.8%) | $179,825 (13.5%) | 0.00 | 45 |
2021-01-01 | $139,875 (16.6%) | $184,555 (24.3%) | 0.00 | 39 |
2021-02-01 | $144,600 (20.6%) | $188,056 (33.7%) | 0.00 | 38 |
2021-03-01 | $162,250 (36.3%) | $220,417 (55.3%) | 0.00 | 35 |
2021-04-01 | $176,844 (44.4%) | $224,262 (48.1%) | 0.00 | 37 |
2021-05-01 | $152,000 (22.4%) | $202,811 (46.3%) | 0.00 | 43 |
2021-06-01 | $134,325 (-3.0%) | $199,247 (18.9%) | 0.00 | 36 |
2021-07-01 | $134,450 (-5.0%) | $191,841 (13.8%) | 0.00 | 40 |
2021-08-01 | $150,175 (8.0%) | $199,113 (8.6%) | 0.00 | 47 |
2021-09-01 | $135,625 (-4.8%) | $201,702 (9.0%) | 0.00 | 50 |
2021-10-01 | $139,900 (-0.1%) | $207,175 (17.1%) | 0.00 | 38 |
2021-11-01 | $142,425 (10.9%) | $197,687 (8.2%) | 0.00 | 36 |
2021-12-01 | $147,425 (19.2%) | $204,531 (13.7%) | 0.00 | 33 |
2022-01-01 | $149,900 (7.2%) | $189,753 (2.8%) | 0.00 | 27 |
2022-02-01 | $144,900 (0.2%) | $181,885 (-3.3%) | 0.00 | 24 |
2022-03-01 | $143,650 (-11.5%) | $170,747 (-22.5%) | 0.00 | 21 |
2022-04-01 | $139,900 (-20.9%) | $179,960 (-19.8%) | 0.00 | 21 |
2022-05-01 | $144,675 (-4.8%) | $269,612 (32.9%) | 0.00 | 28 |
2022-06-01 | $155,950 (16.1%) | $243,839 (22.4%) | 0.00 | 38 |
2022-07-01 | $150,950 (12.3%) | $233,750 (21.9%) | 0.00 | 50 |
2022-08-01 | $147,175 (-2.0%) | $188,348 (-5.4%) | 0.00 | 43 |
2022-09-01 | $140,000 (3.2%) | $180,162 (-10.7%) | 0.00 | 46 |
2022-10-01 | $149,900 (7.2%) | $184,048 (-11.2%) | 0.00 | 55 |
2022-11-01 | $139,900 (-1.8%) | $176,022 (-11.0%) | 0.00 | 56 |
2022-12-01 | $174,900 (18.6%) | $211,338 (3.3%) | 0.00 | 52 |
2023-01-01 | $179,150 (19.5%) | $218,737 (15.3%) | 0.00 | 49 |
2023-02-01 | $181,150 (25.0%) | $227,198 (24.9%) | 0.00 | 39 |
Wabash's median listing price comes in at 0% of the national average.
Wabash's average listing price for 2023-02-01 was $227,198, a difference of $45,313 (24.9%) versus the prior year and $8,461 versus the prior month.
For the 2023-02-01 period, Wabash had 39 MLS listings, a difference of -10 listings (-20%) versus the prior month and 15 listings (63%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Wabash (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,616 sqft |
2018-02-01 | 0 days | 1,619 sqft |
2018-03-01 | 0 days | 1,662 sqft |
2018-04-01 | 0 days | 1,632 sqft |
2018-05-01 | 0 days | 1,668 sqft |
2018-06-01 | 0 days | 1,643 sqft |
2018-07-01 | 0 days | 1,620 sqft |
2018-08-01 | 0 days | 1,521 sqft |
2018-09-01 | 0 days | 1,624 sqft |
2018-10-01 | 0 days | 1,678 sqft |
2018-11-01 | 0 days | 1,678 sqft |
2018-12-01 | 0 days | 1,683 sqft |
2019-01-01 | 0 days | 1,672 sqft |
2019-02-01 | 0 days | 1,759 sqft |
2019-03-01 | 0 days | 1,706 sqft |
2019-04-01 | 0 days | 1,636 sqft |
2019-05-01 | 0 days | 1,673 sqft |
2019-06-01 | 0 days | 1,638 sqft |
2019-07-01 | 0 days | 1,657 sqft |
2019-08-01 | 0 days | 1,665 sqft |
2019-09-01 | 0 days | 1,715 sqft |
2019-10-01 | 0 days | 1,754 sqft |
2019-11-01 | 0 days | 1,759 sqft |
2019-12-01 | 0 days | 1,806 sqft |
2020-01-01 | 0 days | 1,806 sqft |
2020-02-01 | 0 days | 1,759 sqft |
2020-03-01 | 0 days | 1,654 sqft |
2020-04-01 | 0 days | 1,724 sqft |
2020-05-01 | 0 days | 1,700 sqft |
2020-06-01 | 0 days | 1,792 sqft |
2020-07-01 | 0 days | 1,839 sqft |
2020-08-01 | 0 days | 1,630 sqft |
2020-09-01 | 0 days | 1,655 sqft |
2020-10-01 | 0 days | 1,872 sqft |
2020-11-01 | 0 days | 1,844 sqft |
2020-12-01 | 0 days | 1,702 sqft |
2021-01-01 | 0 days | 1,606 sqft |
2021-02-01 | 0 days | 1,646 sqft |
2021-03-01 | 0 days | 1,814 sqft |
2021-04-01 | 0 days | 1,778 sqft |
2021-05-01 | 0 days | 1,768 sqft |
2021-06-01 | 0 days | 1,650 sqft |
2021-07-01 | 0 days | 1,745 sqft |
2021-08-01 | 0 days | 1,829 sqft |
2021-09-01 | 0 days | 1,890 sqft |
2021-10-01 | 0 days | 1,904 sqft |
2021-11-01 | 0 days | 1,912 sqft |
2021-12-01 | 0 days | 1,721 sqft |
2022-01-01 | 0 days | 1,591 sqft |
2022-02-01 | 0 days | 1,541 sqft |
2022-03-01 | 0 days | 1,534 sqft |
2022-04-01 | 0 days | 1,512 sqft |
2022-05-01 | 0 days | 1,702 sqft |
2022-06-01 | 0 days | 1,718 sqft |
2022-07-01 | 0 days | 1,689 sqft |
2022-08-01 | 0 days | 1,669 sqft |
2022-09-01 | 0 days | 1,636 sqft |
2022-10-01 | 0 days | 1,632 sqft |
2022-11-01 | 0 days | 1,541 sqft |
2022-12-01 | 0 days | 1,678 sqft |
2023-01-01 | 0 days | 1,678 sqft |
2023-02-01 | 0 days | 1,672 sqft |
Wabash's median square footage for active listings during the 2023-02-01 period was 1,672 sqft. One year prior, the average listing was 1,541 sqft.
Wabash, IN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 442 | $64,940,000 | $146,923 |
Refi | 308 | $40,870,000 | $132,695 |
Cash Out Refi | 262 | $31,380,000 | $119,771 |
Home Improvement | 52 | $4,330,000 | $83,269 |
Other | 33 | $1,995,000 | $60,455 |
Wabash's most frequently cited loan purpose was Home Purchase, with 442 originations. The 2nd most popular reason was Refi, with 308 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 421 | $56,555,000 | $134,335 |
2.5-3% | 397 | $55,475,000 | $139,736 |
<2.5% | 207 | $24,955,000 | $120,556 |
4-5% | 51 | $3,965,000 | $77,745 |
5-6% | 14 | $1,650,000 | $117,857 |
6-7% | 4 | $500,000 | $125,000 |
7-8% | 1 | $25,000 | $25,000 |
During 2021, Wabash's most frequently originated rate bucket was 3-4%, with 421 originations.
Loan Sizing (Wabash, IN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 479 | $66,455,000 | $138,737 |
$100,000 or less | 446 | $29,120,000 | $65,291 |
$200k-400k | 159 | $40,995,000 | $257,830 |
$400k-600k | 11 | $5,645,000 | $513,182 |
$600k-1000k | 2 | $1,300,000 | $650,000 |
Wabash's loan sizing saw the bucket of loans from $100k-200k with 479 originations, totaling $66,455,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 444 | $68,090,000 | $153,356 |
60-80% | 355 | $48,035,000 | $135,310 |
40-60% | 153 | $15,585,000 | $101,863 |
20-40% | 65 | $4,235,000 | $65,154 |
Under 20% | 36 | $910,000 | $25,278 |
Over 100% | 3 | $865,000 | $288,333 |
Wabash's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 444 originations, totaling $68,090,000 in origination value.