Wahpeton Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Wahpeton averaged
6.18%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6% and
one month ago for the week of 2023-04-20, the
average rate was 6%.
Wahpeton's average rate one year ago was 4.76%.
For refis of the same type during the week of 2023-05-25, the average rate
was 6.77%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
Wahpeton 30 Year Fixed Rate | 2023-05-25 | 6.18% |
Wahpeton 30 Year Fixed Rate Refi | 2023-05-25 | 6.77% |
Wahpeton 15 Year Fixed Rate | 2023-05-25 | 5.77% |
Wahpeton 15 Year Fixed Rate Refi | 2023-05-25 | 5.97% |
Wahpeton 30 Year FHA | 2023-05-25 | 6.51% |
Wahpeton 30 Year FHA Refi | 2023-05-25 | 6.71% |
Wahpeton 30 Year USDA | 2023-05-25 | 6.53% |
Wahpeton 30 Year USDA Refi | 2023-05-25 | 6.83% |
Wahpeton 30 Year VA | 2023-05-25 | 6.61% |
Wahpeton 30 Year VA Refi | 2023-05-25 | 6.61% |
Wahpeton 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 Wahpeton, ND-MN 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.).
Wahpeton Average Closing Costs & Other Stats
Wahpeton, ND-MN's 36 lenders originated 528
loans during 2022. The total origination value was $90,570,000, with an average loan value of
$171,534.
Wahpeton's average closing costs are $4,486.
The top Wahpeton lender as defined by loan originations is Bell Bank, with
35 loans originated. Their average total fees are
$4,053, which is $1,436
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Wahpeton lenders (with over 10 loans originated) are
Bremer Bank ($3,726), Bell Bank ($4,053), FIRST COMMUNITY CREDIT UNION ($4,159), Gate City Bank ($4,751) and UNITED WHOLESALE MORTGAGE, LLC ($5,489).
The lowest rate Wahpeton lenders (with over 10 loans originated) are
Bremer Bank (4.62%), Bell Bank (4.73%), Gate City Bank (4.76%), FIRST COMMUNITY CREDIT UNION (4.85%) and UNITED WHOLESALE MORTGAGE, LLC (5.46%).
Wahpeton, ND-MN 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Bell Bank | $25,710,000 | $14,765,000 | -42.6% | 16.3% |
Gate City Bank | $18,840,000 | $13,870,000 | -26.4% | 15.3% |
UNITED WHOLESALE MORTGAGE, LLC | $9,385,000 | $12,200,000 | 30.0% | 13.5% |
FIRST COMMUNITY CREDIT UNION | $7,745,000 | $10,450,000 | 34.9% | 11.5% |
Bremer Bank | $15,825,000 | $6,325,000 | -60.0% | 7.0% |
QUICKEN LOANS, LLC | $5,635,000 | $3,740,000 | -33.6% | 4.1% |
TOWN AND COUNTRY Credit Union | $3,235,000 | $2,240,000 | -30.8% | 2.5% |
HOME POINT FINANCIAL CORPORATION | $1,950,000 | $2,115,000 | 8.5% | 2.3% |
Wells Fargo Bank | $3,195,000 | $2,060,000 | -35.5% | 2.3% |
Midwest Bank | $1,235,000 | $1,250,000 | 1.2% | 1.4% |
CALIBER HOME LOANS, INC. | $2,925,000 | $1,200,000 | -59.0% | 1.3% |
LOANDEPOT.COM, LLC | $1,775,000 | $1,125,000 | -36.6% | 1.2% |
FREEDOM MORTGAGE CORPORATION | $1,770,000 | $1,000,000 | -43.5% | 1.1% |
GUARANTEED RATE, INC. | $410,000 | $925,000 | 125.6% | 1.0% |
U.S. Bank | $3,170,000 | $905,000 | -71.5% | 1.0% |
Century Mortgage Company DBA Century Lending Company | $255,000 | $860,000 | 237.3% | 0.9% |
First International Bank & Trust | $3,635,000 | $840,000 | -76.9% | 0.9% |
Bank of the West | $695,000 | $805,000 | 15.8% | 0.9% |
American Federal Bank | $4,375,000 | $715,000 | -83.7% | 0.8% |
First Western Bank & Trust | $770,000 | $685,000 | -11.0% | 0.8% |
AMERISAVE MORTGAGE CORPORATION | $645,000 | n/a | 0.7% | |
Merchants Bank | $615,000 | $645,000 | 4.9% | 0.7% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $585,000 | $640,000 | 9.4% | 0.7% |
FINANCE OF AMERICA MORTGAGE LLC | $635,000 | n/a | 0.7% | |
VALLEY MORTGAGE, INC. | $2,385,000 | $580,000 | -75.7% | 0.6% |
ON Q FINANCIAL, INC. | $105,000 | $450,000 | 328.6% | 0.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $340,000 | $440,000 | 29.4% | 0.5% |
CAPITAL CREDIT UNION | $1,725,000 | $410,000 | -76.2% | 0.5% |
CHERRY CREEK MORTGAGE, LLC | $395,000 | n/a | 0.4% | |
Mr. Cooper ( Nationstar Mortgage ) | $310,000 | $390,000 | 25.8% | 0.4% |
CENTRAL MINNESOTA Credit Union | $220,000 | $385,000 | 75.0% | 0.4% |
AgCountry Farm Credit Services, FLCA | $1,315,000 | $375,000 | -71.5% | 0.4% |
Tradition Mortgage, LLC | $375,000 | n/a | 0.4% | |
AMERICAN FINANCING CORPORATION | $345,000 | n/a | 0.4% | |
Western State Bank | $1,520,000 | $340,000 | -77.6% | 0.4% |
First Savings Bank | $505,000 | $320,000 | -36.6% | 0.4% |
Servion, Inc. | $620,000 | $320,000 | -48.4% | 0.4% |
Choice Financial Group | $855,000 | $315,000 | -63.2% | 0.3% |
PENNYMAC LOAN SERVICES, LLC | $460,000 | $260,000 | -43.5% | 0.3% |
COMPEER FINANCIAL, FLCA | $375,000 | $255,000 | -32.0% | 0.3% |
JPMorgan Chase Bank | $340,000 | $230,000 | -32.4% | 0.3% |
Nations Lending Corporation | $225,000 | n/a | 0.2% | |
Bank Forward | $420,000 | $215,000 | -48.8% | 0.2% |
M&T Bank | $215,000 | n/a | 0.2% | |
PLAZA HOME MORTGAGE, INC. | $215,000 | n/a | 0.2% | |
Flagstar Bank, FSB | $200,000 | n/a | 0.2% | |
Reliabank Dakota | $195,000 | n/a | 0.2% | |
Mortgage Research Center, LLC | $1,850,000 | $190,000 | -89.7% | 0.2% |
First Dakota National Bank | $185,000 | n/a | 0.2% | |
NEWREZ LLC | $495,000 | $185,000 | -62.6% | 0.2% |
21ST MORTGAGE CORPORATION | $180,000 | n/a | 0.2% | |
Deere Employees Credit Union | $220,000 | $175,000 | -20.5% | 0.2% |
The Huntington National Bank | $175,000 | n/a | 0.2% | |
Truist | $175,000 | $175,000 | 0.0% | 0.2% |
AFFINITY PLUS | $730,000 | $125,000 | -82.9% | 0.1% |
Bank of America | $125,000 | n/a | 0.1% | |
LEADERONE FINANCIAL CORPORATION | $125,000 | n/a | 0.1% | |
PREMIER MORTGAGE RESOURCES, L.L.C. | $125,000 | n/a | 0.1% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $115,000 | n/a | 0.1% | |
Alerus Financial | $1,040,000 | $105,000 | -89.9% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $105,000 | n/a | 0.1% | |
VISIONBank | $95,000 | n/a | 0.1% | |
ALAMEDA MORTGAGE CORPORATION | $85,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $295,000 | $65,000 | -78.0% | 0.1% |
Cornerstone Bank | $75,000 | $65,000 | -13.3% | 0.1% |
Figure Lending LLC | $40,000 | n/a | 0.0% | |
Union State Bank of Fargo | $375,000 | $25,000 | -93.3% | 0.0% |
Home Loan Investment Bank, F.S.B. | $15,000 | n/a | 0.0% |
Wahpeton's top lender by overall market share is Bell Bank, with 16.3% market share. In second place, with 15.3%, is Gate City Bank, having originated $13,870,000 in loans. In third place, with 13.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $12,200,000 in loans. In fourth place, with 11.5%, is FIRST COMMUNITY CREDIT UNION, having originated $10,450,000 in loans. In fifth place, with 7.0%, is Bremer Bank, having originated $6,325,000 in loans.
Wahpeton Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Wahpeton (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 | $145,400 (32.3%) | $159,905 (-13.5%) | 0.00 | 55 |
2018-02-01 | $149,400 (16.9%) | $173,019 (-17.3%) | 0.00 | 55 |
2018-03-01 | $139,900 (1.0%) | $161,623 (-25.3%) | 0.00 | 55 |
2018-04-01 | $162,150 (16.7%) | $189,843 (-6.2%) | 0.00 | 52 |
2018-05-01 | $177,150 (20.0%) | $195,244 (-0.8%) | 0.00 | 58 |
2018-06-01 | $174,900 (16.7%) | $200,109 (1.7%) | 0.00 | 73 |
2018-07-01 | $172,400 (15.4%) | $201,389 (3.7%) | 0.00 | 70 |
2018-08-01 | $161,900 (13.3%) | $195,116 (1.1%) | 0.00 | 72 |
2018-09-01 | $159,900 (6.7%) | $187,324 (-5.9%) | 0.00 | 75 |
2018-10-01 | $164,900 (10.9%) | $192,203 (-3.6%) | 0.00 | 72 |
2018-11-01 | $163,675 (13.7%) | $187,294 (-4.6%) | 0.00 | 70 |
2018-12-01 | $155,400 (8.8%) | $183,657 (16.1%) | 0.00 | 71 |
2019-01-01 | $151,650 (4.3%) | $173,269 (8.4%) | 0.00 | 73 |
2019-02-01 | $154,900 (3.7%) | $176,193 (1.8%) | 0.00 | 66 |
2019-03-01 | $155,900 (11.4%) | $177,872 (10.1%) | 0.00 | 64 |
2019-04-01 | $156,400 (-3.6%) | $178,845 (-5.8%) | 0.00 | 52 |
2019-05-01 | $164,500 (-7.1%) | $180,307 (-7.7%) | 0.00 | 54 |
2019-06-01 | $174,450 (-0.3%) | $191,002 (-4.6%) | 0.00 | 71 |
2019-07-01 | $168,475 (-2.3%) | $192,713 (-4.3%) | 0.00 | 74 |
2019-08-01 | $180,000 (11.2%) | $204,522 (4.8%) | 0.00 | 77 |
2019-09-01 | $184,125 (15.2%) | $205,031 (9.5%) | 0.00 | 71 |
2019-10-01 | $198,900 (20.6%) | $212,381 (10.5%) | 0.00 | 71 |
2019-11-01 | $176,950 (8.1%) | $199,696 (6.6%) | 0.00 | 54 |
2019-12-01 | $177,400 (14.2%) | $197,619 (7.6%) | 0.00 | 45 |
2020-01-01 | $161,175 (6.3%) | $188,925 (9.0%) | 0.00 | 36 |
2020-02-01 | $162,400 (4.8%) | $190,717 (8.2%) | 0.00 | 29 |
2020-03-01 | $179,175 (14.9%) | $198,581 (11.6%) | 0.00 | 34 |
2020-04-01 | $179,900 (15.0%) | $209,688 (17.3%) | 0.00 | 36 |
2020-05-01 | $153,900 (-6.4%) | $187,443 (4.0%) | 0.00 | 43 |
2020-06-01 | $153,325 (-12.1%) | $182,343 (-4.5%) | 0.00 | 44 |
2020-07-01 | $173,150 (2.8%) | $195,619 (1.5%) | 0.00 | 42 |
2020-08-01 | $189,000 (5.0%) | $218,878 (7.0%) | 0.00 | 49 |
2020-09-01 | $186,950 (1.5%) | $217,840 (6.3%) | 0.00 | 47 |
2020-10-01 | $223,450 (12.3%) | $232,671 (9.6%) | 0.00 | 40 |
2020-11-01 | $203,175 (14.8%) | $231,679 (16.0%) | 0.00 | 39 |
2020-12-01 | $149,900 (-15.5%) | $219,653 (11.2%) | 0.00 | 38 |
2021-01-01 | $125,000 (-22.4%) | $212,592 (12.5%) | 0.00 | 33 |
2021-02-01 | $149,925 (-7.7%) | $197,904 (3.8%) | 0.00 | 30 |
2021-03-01 | $172,900 (-3.5%) | $202,040 (1.7%) | 0.00 | 24 |
2021-04-01 | $202,400 (12.5%) | $217,372 (3.7%) | 0.00 | 23 |
2021-05-01 | $233,750 (51.9%) | $227,066 (21.1%) | 0.00 | 26 |
2021-06-01 | $231,200 (50.8%) | $223,152 (22.4%) | 0.00 | 35 |
2021-07-01 | $251,700 (45.4%) | $251,441 (28.5%) | 0.00 | 34 |
2021-08-01 | $257,275 (36.1%) | $260,758 (19.1%) | 0.00 | 31 |
2021-09-01 | $247,400 (32.3%) | $253,791 (16.5%) | 0.00 | 34 |
2021-10-01 | $239,150 (7.0%) | $228,838 (-1.7%) | 0.00 | 40 |
2021-11-01 | $238,050 (17.2%) | $221,875 (-4.2%) | 0.00 | 37 |
2021-12-01 | $222,825 (48.7%) | $210,468 (-4.2%) | 0.00 | 38 |
2022-01-01 | $229,950 (84.0%) | $212,382 (-0.1%) | 0.00 | 34 |
2022-02-01 | $254,925 (70.0%) | $262,063 (32.4%) | 0.00 | 35 |
2022-03-01 | $259,950 (50.4%) | $258,963 (28.2%) | 0.00 | 36 |
2022-04-01 | $251,000 (24.0%) | $269,483 (24.0%) | 0.00 | 33 |
2022-05-01 | $286,975 (22.8%) | $276,048 (21.6%) | 0.00 | 36 |
2022-06-01 | $270,500 (17.0%) | $248,788 (11.5%) | 0.00 | 48 |
2022-07-01 | $270,500 (7.5%) | $254,409 (1.2%) | 0.00 | 48 |
2022-08-01 | $256,750 (-0.2%) | $266,815 (2.3%) | 0.00 | 50 |
2022-09-01 | $256,750 (3.8%) | $253,750 (0.0%) | 0.00 | 49 |
2022-10-01 | $254,900 (6.6%) | $257,189 (12.4%) | 0.00 | 50 |
2022-11-01 | $238,175 (0.1%) | $254,988 (14.9%) | 0.00 | 49 |
2022-12-01 | $266,000 (19.4%) | $268,772 (27.7%) | 0.00 | 46 |
2023-01-01 | $271,244 (18.0%) | $263,694 (24.2%) | 0.00 | 44 |
2023-02-01 | $286,519 (12.4%) | $280,520 (7.0%) | 0.00 | 41 |
2023-03-01 | $288,944 (11.2%) | $287,301 (10.9%) | 0.00 | 42 |
2023-04-01 | $299,500 (19.3%) | $313,716 (16.4%) | 0.00 | 39 |
Wahpeton's median listing price comes in at 0% of the national average.
Wahpeton's average listing price for 2023-04-01 was $313,716, a difference of $44,233 (16.4%) versus the prior year and $26,415 versus the prior month.
For the 2023-04-01 period, Wahpeton had 39 MLS listings, a difference of -3 listings (-7%) versus the prior month and 6 listings (18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Wahpeton (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,589 sqft |
2018-02-01 | 0 days | 1,583 sqft |
2018-03-01 | 0 days | 1,620 sqft |
2018-04-01 | 0 days | 1,953 sqft |
2018-05-01 | 0 days | 2,027 sqft |
2018-06-01 | 0 days | 2,030 sqft |
2018-07-01 | 0 days | 2,043 sqft |
2018-08-01 | 0 days | 1,905 sqft |
2018-09-01 | 0 days | 1,885 sqft |
2018-10-01 | 0 days | 1,987 sqft |
2018-11-01 | 0 days | 1,970 sqft |
2018-12-01 | 0 days | 2,238 sqft |
2019-01-01 | 0 days | 2,151 sqft |
2019-02-01 | 0 days | 2,207 sqft |
2019-03-01 | 0 days | 2,183 sqft |
2019-04-01 | 0 days | 2,216 sqft |
2019-05-01 | 0 days | 2,315 sqft |
2019-06-01 | 0 days | 2,368 sqft |
2019-07-01 | 0 days | 2,336 sqft |
2019-08-01 | 0 days | 2,439 sqft |
2019-09-01 | 0 days | 2,460 sqft |
2019-10-01 | 0 days | 2,472 sqft |
2019-11-01 | 0 days | 2,450 sqft |
2019-12-01 | 0 days | 2,443 sqft |
2020-01-01 | 0 days | 2,450 sqft |
2020-02-01 | 0 days | 2,516 sqft |
2020-03-01 | 0 days | 2,497 sqft |
2020-04-01 | 0 days | 2,558 sqft |
2020-05-01 | 0 days | 2,268 sqft |
2020-06-01 | 0 days | 2,300 sqft |
2020-07-01 | 0 days | 2,302 sqft |
2020-08-01 | 0 days | 2,363 sqft |
2020-09-01 | 0 days | 2,454 sqft |
2020-10-01 | 0 days | 2,468 sqft |
2020-11-01 | 0 days | 2,343 sqft |
2020-12-01 | 0 days | 2,168 sqft |
2021-01-01 | 0 days | 2,115 sqft |
2021-02-01 | 0 days | 2,148 sqft |
2021-03-01 | 0 days | 2,156 sqft |
2021-04-01 | 0 days | 2,469 sqft |
2021-05-01 | 0 days | 2,428 sqft |
2021-06-01 | 0 days | 2,202 sqft |
2021-07-01 | 0 days | 2,202 sqft |
2021-08-01 | 0 days | 2,202 sqft |
2021-09-01 | 0 days | 2,108 sqft |
2021-10-01 | 0 days | 2,070 sqft |
2021-11-01 | 0 days | 2,162 sqft |
2021-12-01 | 0 days | 2,075 sqft |
2022-01-01 | 0 days | 2,086 sqft |
2022-02-01 | 0 days | 2,366 sqft |
2022-03-01 | 0 days | 2,334 sqft |
2022-04-01 | 0 days | 2,182 sqft |
2022-05-01 | 0 days | 2,253 sqft |
2022-06-01 | 0 days | 2,258 sqft |
2022-07-01 | 0 days | 2,358 sqft |
2022-08-01 | 0 days | 2,350 sqft |
2022-09-01 | 0 days | 2,316 sqft |
2022-10-01 | 0 days | 2,310 sqft |
2022-11-01 | 0 days | 2,319 sqft |
2022-12-01 | 0 days | 2,292 sqft |
2023-01-01 | 0 days | 2,310 sqft |
2023-02-01 | 0 days | 2,360 sqft |
2023-03-01 | 0 days | 2,360 sqft |
2023-04-01 | 0 days | 2,360 sqft |
Wahpeton's median square footage for active listings during the 2023-04-01 period was 2,360 sqft. One year prior, the average listing was 2,182 sqft.
Wahpeton, ND-MN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 260 | $52,760,000 | $202,923 |
Cash Out Refi | 89 | $20,845,000 | $234,213 |
Refi | 82 | $11,380,000 | $138,780 |
Other | 49 | $2,985,000 | $60,918 |
Home Improvement | 48 | $2,600,000 | $54,167 |
Wahpeton's most frequently cited loan purpose was Home Purchase, with 260 originations. The 2nd most popular reason was Cash Out Refi, with 89 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 137 | $24,515,000 | $178,942 |
5-6% | 137 | $24,205,000 | $176,679 |
3-4% | 118 | $22,230,000 | $188,390 |
6-7% | 52 | $7,140,000 | $137,308 |
2.5-3% | 36 | $6,300,000 | $175,000 |
<2.5% | 15 | $2,085,000 | $139,000 |
7-8% | 11 | $1,605,000 | $145,909 |
Over 8% | 9 | $395,000 | $43,889 |
During 2022, Wahpeton's most frequently originated rate bucket was 4-5%, with 137 originations.
Loan Sizing (Wahpeton, ND-MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 186 | $10,370,000 | $55,753 |
$100k-200k | 185 | $26,935,000 | $145,595 |
$200k-400k | 130 | $34,060,000 | $262,000 |
$400k-600k | 18 | $8,980,000 | $498,889 |
$600k-1000k | 5 | $3,475,000 | $695,000 |
$Over $1MM | 4 | $6,750,000 | $1,687,500 |
Wahpeton's loan sizing saw the bucket of loans from $100,000 or less with 186 originations, totaling $10,370,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 215 | $44,955,000 | $209,093 |
60-80% | 122 | $28,380,000 | $232,623 |
20-40% | 71 | $5,355,000 | $75,423 |
Under 20% | 54 | $1,900,000 | $35,185 |
40-60% | 48 | $6,250,000 | $130,208 |
Over 100% | 4 | $1,310,000 | $327,500 |
Wahpeton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 215 originations, totaling $44,955,000 in origination value.