WATERLOO - CEDAR FALLS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Waterloo - Cedar Falls averaged
6.65%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
6.44% and
one month ago for the week of 2023-08-17, the
average rate was 6.35%.
Waterloo - Cedar Falls's average rate one year ago was 5.38%.
For refis of the same type during the week of 2023-09-21, the average rate
was 6.17%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
Waterloo - Cedar Falls 30 Year Fixed Rate | 2023-09-21 | 6.65% |
Waterloo - Cedar Falls 30 Year Fixed Rate Refi | 2023-09-21 | 6.17% |
Waterloo - Cedar Falls 15 Year Fixed Rate | 2023-09-21 | 6.43% |
Waterloo - Cedar Falls 15 Year Fixed Rate Refi | 2023-09-21 | 5.56% |
Waterloo - Cedar Falls 30 Year FHA | 2023-09-21 | 6.67% |
Waterloo - Cedar Falls 30 Year FHA Refi | 2023-09-21 | 7.04% |
Waterloo - Cedar Falls 30 Year USDA | 2023-09-21 | 7.02% |
Waterloo - Cedar Falls 30 Year USDA Refi | 2023-09-21 | 6.92% |
Waterloo - Cedar Falls 30 Year VA | 2023-09-21 | 6.46% |
Waterloo - Cedar Falls 30 Year VA Refi | 2023-09-21 | 6.62% |
WATERLOO - CEDAR FALLS 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 WATERLOO-CEDAR FALLS, IA 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.).
WATERLOO - CEDAR FALLS Average Closing Costs & Other Stats
WATERLOO-CEDAR FALLS, IA's 81 lenders originated 5,903
loans during 2022. The total origination value was $809,315,000, with an average loan value of
$137,102.
WATERLOO - CEDAR FALLS's average closing costs are $2,366.
The top WATERLOO - CEDAR FALLS lender as defined by loan originations is VERIDIAN CREDIT UNION, with
777 loans originated. Their average total fees are
$1,807, which is $22
lower than the next largest lender,
GREENSTATE CREDIT UNION.
The lowest fee WATERLOO - CEDAR FALLS lenders (with over 10 loans originated) are
Collins Community Credit Union ($1,713), Farmers State Bank ($1,751), VERIDIAN CREDIT UNION ($1,807), GREENSTATE CREDIT UNION ($1,829) and IOWA BANKERS MORTGAGE CORPORATION ($1,989).
The lowest rate WATERLOO - CEDAR FALLS lenders (with over 10 loans originated) are
Deere Employees Credit Union (3.41%), GREENSTATE CREDIT UNION (4.09%), DUPACO COMMUNITY (4.25%), Collins Community Credit Union (4.35%) and BankIowa of Cedar Rapids (4.36%).
WATERLOO-CEDAR FALLS, IA 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 |
---|---|---|---|---|
VERIDIAN CREDIT UNION | $298,845,000 | $209,080,000 | -30.0% | 25.8% |
GREENSTATE CREDIT UNION | $281,305,000 | $173,705,000 | -38.3% | 21.5% |
Farmers State Bank | $78,375,000 | $59,020,000 | -24.7% | 7.3% |
Collins Community Credit Union | $49,615,000 | $29,460,000 | -40.6% | 3.6% |
Deere Employees Credit Union | $22,655,000 | $24,940,000 | 10.1% | 3.1% |
First Bank | $15,195,000 | $23,370,000 | 53.8% | 2.9% |
Lincoln Savings Bank | $47,075,000 | $20,315,000 | -56.8% | 2.5% |
IOWA BANKERS MORTGAGE CORPORATION | $85,110,000 | $19,935,000 | -76.6% | 2.5% |
First Interstate Bank | $18,760,000 | n/a | 2.3% | |
U.S. Bank | $29,500,000 | $18,590,000 | -37.0% | 2.3% |
CEDAR FALLS COMMUNITY CREDIT UNION | $25,095,000 | $17,535,000 | -30.1% | 2.2% |
BankIowa of Cedar Rapids | $23,955,000 | $14,505,000 | -39.4% | 1.8% |
M&T Realty Capital Corporation | $13,465,000 | n/a | 1.7% | |
DUPACO COMMUNITY | $26,660,000 | $13,215,000 | -50.4% | 1.6% |
Denver Savings Bank | $16,865,000 | $11,680,000 | -30.7% | 1.4% |
QUICKEN LOANS, LLC | $30,075,000 | $11,385,000 | -62.1% | 1.4% |
Luana Savings Bank | $23,140,000 | $9,060,000 | -60.8% | 1.1% |
Mortgage Research Center, LLC | $6,025,000 | $8,510,000 | 41.2% | 1.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $240,000 | $8,315,000 | 3,364.6% | 1.0% |
Fidelity Bank & Trust | $15,980,000 | $7,805,000 | -51.2% | 1.0% |
Great Western Bank | $16,080,000 | $6,505,000 | -59.5% | 0.8% |
MidWestOne Bank | $9,860,000 | $6,045,000 | -38.7% | 0.7% |
Wells Fargo Bank | $7,900,000 | $5,840,000 | -26.1% | 0.7% |
LOANDEPOT.COM, LLC | $4,270,000 | $3,845,000 | -10.0% | 0.5% |
Hills Bank and Trust Company | $5,695,000 | $3,690,000 | -35.2% | 0.5% |
GUARANTEED RATE, INC. | $1,010,000 | $3,080,000 | 205.0% | 0.4% |
Green Belt Bank & Trust | $3,420,000 | $2,860,000 | -16.4% | 0.4% |
Northwest Bank | $1,315,000 | $2,815,000 | 114.1% | 0.3% |
MOVEMENT MORTGAGE, LLC | $720,000 | $2,600,000 | 261.1% | 0.3% |
GNB Bank | $5,390,000 | $2,550,000 | -52.7% | 0.3% |
AMERISAVE MORTGAGE CORPORATION | $2,770,000 | $2,545,000 | -8.1% | 0.3% |
FREEDOM MORTGAGE CORPORATION | $8,615,000 | $2,480,000 | -71.2% | 0.3% |
UNITED WHOLESALE MORTGAGE, LLC | $2,090,000 | $2,455,000 | 17.5% | 0.3% |
PENNYMAC LOAN SERVICES, LLC | $4,800,000 | $2,395,000 | -50.1% | 0.3% |
Regions Bank | $3,110,000 | $2,320,000 | -25.4% | 0.3% |
BROKER SOLUTIONS, INC. | $1,455,000 | $2,185,000 | 50.2% | 0.3% |
KeyBank | $1,705,000 | n/a | 0.2% | |
Mr. Cooper ( Nationstar Mortgage ) | $4,215,000 | $1,600,000 | -62.0% | 0.2% |
Farmers & Merchants Savings Bank | $950,000 | $1,515,000 | 59.5% | 0.2% |
Carrington Mortgage Services, LLC | $2,095,000 | $1,395,000 | -33.4% | 0.2% |
USAA Federal Savings Bank | $545,000 | $1,375,000 | 152.3% | 0.2% |
Kerndt Brothers Savings Bank | $3,320,000 | $1,215,000 | -63.4% | 0.2% |
NAVY FEDERAL CREDIT UNION | $655,000 | $1,170,000 | 78.6% | 0.1% |
NEWREZ LLC | $6,525,000 | $1,165,000 | -82.1% | 0.1% |
Bank Iowa | $2,425,000 | $1,105,000 | -54.4% | 0.1% |
NEW DAY FINANCIAL, LLC | $1,545,000 | $1,095,000 | -29.1% | 0.1% |
Cedar Rapids Bank and Trust Company | $720,000 | $1,055,000 | 46.5% | 0.1% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,375,000 | $950,000 | -30.9% | 0.1% |
Bank of America | $620,000 | $940,000 | 51.6% | 0.1% |
Farm Credit Mid-America, ACA | $1,045,000 | $920,000 | -12.0% | 0.1% |
Flagstar Bank, FSB | $1,040,000 | $850,000 | -18.3% | 0.1% |
Central Bank | $655,000 | $795,000 | 21.4% | 0.1% |
BMO Harris Bank | $710,000 | n/a | 0.1% | |
LAND HOME FINANCIAL SERVICES, INC. | $245,000 | $655,000 | 167.3% | 0.1% |
Servion, Inc. | $1,245,000 | $650,000 | -47.8% | 0.1% |
AMERICAN FINANCING CORPORATION | $1,095,000 | $610,000 | -44.3% | 0.1% |
The Huntington National Bank | $550,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $1,830,000 | $530,000 | -71.0% | 0.1% |
Heartland Bank and Trust Company | $485,000 | $530,000 | 9.3% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $1,265,000 | $520,000 | -58.9% | 0.1% |
North American Savings Bank, F.S.B. | $475,000 | n/a | 0.1% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $465,000 | n/a | 0.1% | |
CITY FIRST MORTGAGE SERVICES, L.L.C. | $435,000 | n/a | 0.1% | |
PNC Bank | $65,000 | $430,000 | 561.5% | 0.1% |
21ST MORTGAGE CORPORATION | $370,000 | $420,000 | 13.5% | 0.1% |
Citizens Bank | $615,000 | $390,000 | -36.6% | 0.0% |
Flanagan State Bank | $1,460,000 | $375,000 | -74.3% | 0.0% |
GUILD MORTGAGE COMPANY | $5,025,000 | $365,000 | -92.7% | 0.0% |
Mount Vernon Bank and Trust Company | $115,000 | $360,000 | 213.0% | 0.0% |
Baxter Credit Union | $585,000 | $345,000 | -41.0% | 0.0% |
Platinum Home Mortgage Corporation | $345,000 | n/a | 0.0% | |
WINGS FINANCIAL | $195,000 | $345,000 | 76.9% | 0.0% |
ROYAL UNITED MORTGAGE LLC | $530,000 | $340,000 | -35.8% | 0.0% |
R.I.A. Federal Credit Union | $335,000 | n/a | 0.0% | |
Barrington Bank & Trust Company, N.A. | $1,060,000 | $330,000 | -68.9% | 0.0% |
Morgan Stanley Private Bank | $325,000 | n/a | 0.0% | |
TRIAD FINANCIAL SERVICES, INC. | $260,000 | $315,000 | 21.2% | 0.0% |
Keystone Savings Bank | $310,000 | n/a | 0.0% | |
Ohnward Bank & Trust | $435,000 | $300,000 | -31.0% | 0.0% |
COMPASS MORTGAGE, INC. | $285,000 | n/a | 0.0% | |
Gateway First Bank | $125,000 | $275,000 | 120.0% | 0.0% |
LIBERTY HOME MORTGAGE CORPORATION | $165,000 | $270,000 | 63.6% | 0.0% |
OPEN MORTGAGE, LLC | $325,000 | $270,000 | -16.9% | 0.0% |
RUOFF MORTGAGE COMPANY, INC. | $190,000 | $260,000 | 36.8% | 0.0% |
Access Bank | $255,000 | n/a | 0.0% | |
LEADERONE FINANCIAL CORPORATION | $255,000 | n/a | 0.0% | |
Bankers' Bank | $245,000 | $250,000 | 2.0% | 0.0% |
MEMBERS1st Community Credit Union | $165,000 | $240,000 | 45.5% | 0.0% |
Midwest Heritage Bank FSB | $720,000 | $240,000 | -66.7% | 0.0% |
American National Bank | $235,000 | n/a | 0.0% | |
DOMINION FINANCIAL SERVICES, LLC | $235,000 | n/a | 0.0% | |
LINN AREA | $460,000 | $235,000 | -48.9% | 0.0% |
United Bank of Iowa | $235,000 | n/a | 0.0% | |
First International Bank & Trust | $320,000 | $230,000 | -28.1% | 0.0% |
INLANTA MORTGAGE, INC. | $305,000 | $230,000 | -24.6% | 0.0% |
Chicago Mortgage Solutions LLC | $175,000 | $225,000 | 28.6% | 0.0% |
FirstBank | $215,000 | $225,000 | 4.7% | 0.0% |
PLANET HOME LENDING, LLC | $225,000 | n/a | 0.0% | |
The Central Trust Bank | $690,000 | $225,000 | -67.4% | 0.0% |
VILLAGE CAPITAL MORTGAGE | $910,000 | $225,000 | -75.3% | 0.0% |
PHH Mortgage Corporation | $390,000 | $220,000 | -43.6% | 0.0% |
Truist | $120,000 | $215,000 | 79.2% | 0.0% |
Waterstone Mortgage Corporation | $295,000 | $215,000 | -27.1% | 0.0% |
GREATER IOWA CREDIT UNION | $165,000 | $210,000 | 27.3% | 0.0% |
HOME POINT FINANCIAL CORPORATION | $3,235,000 | $210,000 | -93.5% | 0.0% |
Community Choice Credit Union | $205,000 | n/a | 0.0% | |
HOMESERVICES LENDING, LLC | $165,000 | $205,000 | 24.2% | 0.0% |
AmeriHome Mortgage Company, LLC | $805,000 | $195,000 | -75.8% | 0.0% |
Fifth Third Bank | $195,000 | n/a | 0.0% | |
MARINE | $605,000 | $195,000 | -67.8% | 0.0% |
AMERICAN HERITAGE FCU | $185,000 | n/a | 0.0% | |
CMG MORTGAGE, INC. | $185,000 | n/a | 0.0% | |
Washington State Bank | $185,000 | n/a | 0.0% | |
BOKF | $250,000 | $180,000 | -28.0% | 0.0% |
JPMorgan Chase Bank | $340,000 | $165,000 | -51.5% | 0.0% |
UNIVERSAL LENDING CORPORATION | $165,000 | n/a | 0.0% | |
Arbor Bank | $155,000 | n/a | 0.0% | |
First State Bank | $155,000 | n/a | 0.0% | |
JUSTICE Federal Credit Union | $155,000 | n/a | 0.0% | |
V.I.P. MORTGAGE, INC. | $145,000 | $155,000 | 6.9% | 0.0% |
Farmers State Bank | $78,375,000 | $135,000 | -99.8% | 0.0% |
Fidelity Bank | $135,000 | n/a | 0.0% | |
DAS Acquisition Company, LLC | $23,080,000 | $125,000 | -99.5% | 0.0% |
First Internet Bank of Indiana | $125,000 | n/a | 0.0% | |
M&T Bank | $190,000 | $125,000 | -34.2% | 0.0% |
The Security National Bank of Sioux City, Iowa | $125,000 | n/a | 0.0% | |
Equity Prime Mortgage LLC | $115,000 | n/a | 0.0% | |
Peoples Bank | $115,000 | n/a | 0.0% | |
ALLIANT | $105,000 | n/a | 0.0% | |
Cornerstone Bank | $105,000 | n/a | 0.0% | |
FINANCE OF AMERICA MORTGAGE LLC | $920,000 | $105,000 | -88.6% | 0.0% |
I. H. MISSISSIPPI VALLEY CREDIT UNION | $105,000 | n/a | 0.0% | |
West Gate Bank | $125,000 | $105,000 | -16.0% | 0.0% |
First National Bank of America | $255,000 | $95,000 | -62.7% | 0.0% |
PLAZA HOME MORTGAGE, INC. | $95,000 | n/a | 0.0% | |
Vibrant Credit Union | $655,000 | $95,000 | -85.5% | 0.0% |
COLUMBIA COMMUNITY CREDIT UNION | $85,000 | n/a | 0.0% | |
Ixonia Bank | $55,000 | $85,000 | 54.5% | 0.0% |
TruBank | $85,000 | n/a | 0.0% | |
Ally Bank | $260,000 | $75,000 | -71.2% | 0.0% |
CHERRY CREEK MORTGAGE, LLC | $75,000 | $75,000 | 0.0% | 0.0% |
CROSSCOUNTRY MORTGAGE, LLC | $245,000 | $75,000 | -69.4% | 0.0% |
FIRST | $85,000 | $75,000 | -11.8% | 0.0% |
Independent Bank | $75,000 | n/a | 0.0% | |
ANGEL OAK HOME LOANS LLC | $65,000 | n/a | 0.0% | |
Community Savings Bank | $1,755,000 | $65,000 | -96.3% | 0.0% |
SPRING EQ, LLC | $175,000 | $60,000 | -65.7% | 0.0% |
American Mortgage & Equity Consultants, Inc. | $55,000 | n/a | 0.0% | |
Centier Bank | $120,000 | $55,000 | -54.2% | 0.0% |
Figure Lending LLC | $80,000 | $50,000 | -37.5% | 0.0% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $255,000 | $45,000 | -82.4% | 0.0% |
Bankers Trust Company | $35,000 | n/a | 0.0% | |
AMERICAN ADVISORS GROUP | $25,000 | n/a | 0.0% |
WATERLOO - CEDAR FALLS's top lender by overall market share is VERIDIAN CREDIT UNION, with 25.8% market share. In second place, with 21.5%, is GREENSTATE CREDIT UNION, having originated $173,705,000 in loans. In third place, with 7.3%, is Farmers State Bank, having originated $59,020,000 in loans. In fourth place, with 3.6%, is Collins Community Credit Union, having originated $29,460,000 in loans. In fifth place, with 3.1%, is Deere Employees Credit Union, having originated $24,940,000 in loans.
WATERLOO - CEDAR FALLS Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - WATERLOO - CEDAR FALLS (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 | $134,450 (-0.4%) | $174,971 (3.1%) | 0.50 | 638 |
2018-02-01 | $136,675 (-2.0%) | $172,046 (0.1%) | 0.50 | 609 |
2018-03-01 | $139,900 (-3.3%) | $174,382 (-2.5%) | 0.49 | 578 |
2018-04-01 | $144,350 (-2.9%) | $179,836 (-0.4%) | 0.49 | 563 |
2018-05-01 | $140,950 (-2.8%) | $180,471 (0.9%) | 0.47 | 573 |
2018-06-01 | $145,000 (-0.5%) | $183,976 (2.5%) | 0.48 | 622 |
2018-07-01 | $146,750 (1.2%) | $183,529 (2.2%) | 0.49 | 652 |
2018-08-01 | $144,900 (-0.2%) | $183,942 (1.1%) | 0.49 | 682 |
2018-09-01 | $143,000 (0.2%) | $185,299 (3.5%) | 0.48 | 660 |
2018-10-01 | $144,750 (3.5%) | $184,141 (2.4%) | 0.49 | 656 |
2018-11-01 | $144,900 (3.9%) | $182,257 (2.3%) | 0.49 | 642 |
2018-12-01 | $139,900 (4.5%) | $183,931 (6.3%) | 0.48 | 595 |
2019-01-01 | $143,700 (6.9%) | $187,857 (7.4%) | 0.50 | 529 |
2019-02-01 | $148,100 (8.4%) | $193,314 (12.4%) | 0.50 | 496 |
2019-03-01 | $154,186 (10.2%) | $204,567 (17.3%) | 0.50 | 484 |
2019-04-01 | $159,186 (10.3%) | $209,612 (16.6%) | 0.51 | 499 |
2019-05-01 | $162,400 (15.2%) | $212,437 (17.7%) | 0.51 | 529 |
2019-06-01 | $170,700 (17.7%) | $216,139 (17.5%) | 0.53 | 578 |
2019-07-01 | $170,700 (16.3%) | $214,085 (16.7%) | 0.53 | 560 |
2019-08-01 | $167,118 (15.3%) | $209,815 (14.1%) | 0.53 | 579 |
2019-09-01 | $165,870 (16.0%) | $210,390 (13.5%) | 0.53 | 604 |
2019-10-01 | $165,039 (14.0%) | $210,261 (14.2%) | 0.53 | 624 |
2019-11-01 | $161,225 (11.3%) | $203,863 (11.9%) | 0.53 | 607 |
2019-12-01 | $163,413 (16.8%) | $201,045 (9.3%) | 0.54 | 571 |
2020-01-01 | $164,450 (14.4%) | $202,309 (7.7%) | 0.55 | 524 |
2020-02-01 | $164,950 (11.4%) | $207,918 (7.6%) | 0.54 | 475 |
2020-03-01 | $158,750 (3.0%) | $204,705 (0.1%) | 0.50 | 486 |
2020-04-01 | $159,600 (0.3%) | $206,762 (-1.4%) | 0.50 | 488 |
2020-05-01 | $170,000 (4.7%) | $216,824 (2.1%) | 0.52 | 454 |
2020-06-01 | $175,488 (2.8%) | $225,450 (4.3%) | 0.52 | 458 |
2020-07-01 | $180,750 (5.9%) | $231,690 (8.2%) | 0.52 | 444 |
2020-08-01 | $177,500 (6.2%) | $230,469 (9.8%) | 0.51 | 436 |
2020-09-01 | $171,500 (3.4%) | $223,629 (6.3%) | 0.49 | 416 |
2020-10-01 | $164,900 (-0.1%) | $217,744 (3.6%) | 0.47 | 441 |
2020-11-01 | $158,600 (-1.6%) | $219,702 (7.8%) | 0.46 | 432 |
2020-12-01 | $151,800 (-7.1%) | $225,401 (12.1%) | 0.45 | 360 |
2021-01-01 | $159,900 (-2.8%) | $233,656 (15.5%) | 0.48 | 303 |
2021-02-01 | $161,250 (-2.2%) | $226,888 (9.1%) | 0.47 | 253 |
2021-03-01 | $158,725 (0.0%) | $224,142 (9.5%) | 0.45 | 219 |
2021-04-01 | $169,900 (6.5%) | $236,546 (14.4%) | 0.46 | 196 |
2021-05-01 | $168,950 (-0.6%) | $225,015 (3.8%) | 0.45 | 188 |
2021-06-01 | $161,500 (-8.0%) | $217,287 (-3.6%) | 0.43 | 218 |
2021-07-01 | $164,900 (-8.8%) | $216,372 (-6.6%) | 0.44 | 260 |
2021-08-01 | $159,862 (-9.9%) | $214,679 (-6.9%) | 0.43 | 295 |
2021-09-01 | $151,100 (-11.9%) | $213,810 (-4.4%) | 0.40 | 290 |
2021-10-01 | $149,900 (-9.1%) | $212,255 (-2.5%) | 0.40 | 278 |
2021-11-01 | $149,450 (-5.8%) | $202,300 (-7.9%) | 0.40 | 255 |
2021-12-01 | $148,450 (-2.2%) | $196,329 (-12.9%) | 0.40 | 219 |
2022-01-01 | $159,250 (-0.4%) | $207,197 (-11.3%) | 0.43 | 186 |
2022-02-01 | $182,425 (13.1%) | $256,410 (13.0%) | 0.47 | 142 |
2022-03-01 | $237,450 (49.6%) | $262,136 (17.0%) | 0.59 | 127 |
2022-04-01 | $229,950 (35.3%) | $272,845 (15.4%) | 0.55 | 128 |
2022-05-01 | $227,500 (34.7%) | $277,517 (23.3%) | 0.52 | 148 |
2022-06-01 | $223,500 (38.4%) | $270,979 (24.7%) | 0.50 | 177 |
2022-07-01 | $199,000 (20.7%) | $247,402 (14.3%) | 0.45 | 222 |
2022-08-01 | $217,188 (35.9%) | $260,678 (21.4%) | 0.50 | 227 |
2022-09-01 | $234,130 (55.0%) | $274,516 (28.4%) | 0.55 | 226 |
2022-10-01 | $239,500 (59.8%) | $285,647 (34.6%) | 0.56 | 228 |
2022-11-01 | $229,575 (53.6%) | $276,979 (36.9%) | 0.55 | 224 |
2022-12-01 | $219,950 (48.2%) | $265,692 (35.3%) | 0.54 | 201 |
2023-01-01 | $218,450 (37.2%) | $262,936 (26.9%) | 0.54 | 183 |
2023-02-01 | $257,225 (41.0%) | $279,394 (9.0%) | 0.62 | 163 |
2023-03-01 | $262,950 (10.7%) | $275,798 (5.2%) | 0.62 | 162 |
2023-04-01 | $258,500 (12.4%) | $268,712 (-1.5%) | 0.60 | 155 |
2023-05-01 | $268,675 (18.1%) | $282,049 (1.6%) | 0.61 | 166 |
2023-06-01 | $254,925 (14.1%) | $280,959 (3.7%) | 0.57 | 183 |
2023-07-01 | $259,750 (30.5%) | $290,972 (17.6%) | 0.59 | 191 |
2023-08-01 | $216,225 (-0.4%) | $275,106 (5.5%) | 0.50 | 231 |
WATERLOO - CEDAR FALLS's median listing price comes in at 50% of the national average.
WATERLOO - CEDAR FALLS's average listing price for 2023-08-01 was $275,106, a difference of $14,428 (5.5%) versus the prior year and $-15,866 versus the prior month.
For the 2023-08-01 period, WATERLOO - CEDAR FALLS had 231 MLS listings, a difference of 40 listings (21%) versus the prior month and 4 listings (2%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - WATERLOO - CEDAR FALLS (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 80 days | 1,570 sqft |
2018-02-01 | 79 days | 1,560 sqft |
2018-03-01 | 62 days | 1,565 sqft |
2018-04-01 | 51 days | 1,584 sqft |
2018-05-01 | 46 days | 1,593 sqft |
2018-06-01 | 49 days | 1,624 sqft |
2018-07-01 | 53 days | 1,600 sqft |
2018-08-01 | 52 days | 1,612 sqft |
2018-09-01 | 59 days | 1,607 sqft |
2018-10-01 | 65 days | 1,616 sqft |
2018-11-01 | 68 days | 1,617 sqft |
2018-12-01 | 78 days | 1,612 sqft |
2019-01-01 | 83 days | 1,624 sqft |
2019-02-01 | 87 days | 1,638 sqft |
2019-03-01 | 70 days | 1,659 sqft |
2019-04-01 | 50 days | 1,623 sqft |
2019-05-01 | 45 days | 1,547 sqft |
2019-06-01 | 51 days | 1,486 sqft |
2019-07-01 | 58 days | 1,477 sqft |
2019-08-01 | 58 days | 1,462 sqft |
2019-09-01 | 59 days | 1,450 sqft |
2019-10-01 | 59 days | 1,442 sqft |
2019-11-01 | 65 days | 1,430 sqft |
2019-12-01 | 73 days | 1,391 sqft |
2020-01-01 | 83 days | 1,428 sqft |
2020-02-01 | 86 days | 1,451 sqft |
2020-03-01 | 56 days | 1,439 sqft |
2020-04-01 | 54 days | 1,435 sqft |
2020-05-01 | 67 days | 1,497 sqft |
2020-06-01 | 67 days | 1,516 sqft |
2020-07-01 | 54 days | 1,476 sqft |
2020-08-01 | 58 days | 1,457 sqft |
2020-09-01 | 63 days | 1,441 sqft |
2020-10-01 | 52 days | 1,431 sqft |
2020-11-01 | 52 days | 1,400 sqft |
2020-12-01 | 56 days | 1,403 sqft |
2021-01-01 | 69 days | 1,395 sqft |
2021-02-01 | 86 days | 1,435 sqft |
2021-03-01 | 56 days | 1,430 sqft |
2021-04-01 | 52 days | 1,477 sqft |
2021-05-01 | 39 days | 1,503 sqft |
2021-06-01 | 32 days | 1,456 sqft |
2021-07-01 | 32 days | 1,432 sqft |
2021-08-01 | 38 days | 1,389 sqft |
2021-09-01 | 46 days | 1,428 sqft |
2021-10-01 | 54 days | 1,359 sqft |
2021-11-01 | 48 days | 1,335 sqft |
2021-12-01 | 51 days | 1,310 sqft |
2022-01-01 | 62 days | 1,334 sqft |
2022-02-01 | 62 days | 1,373 sqft |
2022-03-01 | 45 days | 1,449 sqft |
2022-04-01 | 31 days | 1,501 sqft |
2022-05-01 | 22 days | 1,456 sqft |
2022-06-01 | 24 days | 1,629 sqft |
2022-07-01 | 24 days | 1,618 sqft |
2022-08-01 | 37 days | 1,681 sqft |
2022-09-01 | 41 days | 1,743 sqft |
2022-10-01 | 43 days | 1,782 sqft |
2022-11-01 | 51 days | 1,701 sqft |
2022-12-01 | 60 days | 1,664 sqft |
2023-01-01 | 74 days | 1,587 sqft |
2023-02-01 | 57 days | 1,597 sqft |
2023-03-01 | 48 days | 1,569 sqft |
2023-04-01 | 46 days | 1,562 sqft |
2023-05-01 | 31 days | 1,556 sqft |
2023-06-01 | 35 days | 1,628 sqft |
2023-07-01 | 45 days | 1,660 sqft |
2023-08-01 | 34 days | 1,608 sqft |
WATERLOO - CEDAR FALLS's median square footage for active listings during the 2023-08-01 period was 1,608 sqft. One year prior, the average listing was 1,681 sqft.
WATERLOO-CEDAR FALLS, IA Average Rent (2023)
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Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
---|---|---|---|---|---|---|
50148 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50258 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50269 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50601 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50604 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50609 | Waterloo-Cedar Falls, IA | $570 | $660 | $830 | $1,100 | $1,400 |
50612 | Waterloo-Cedar Falls, IA | $620 | $720 | $900 | $1,190 | $1,520 |
50613 | Waterloo-Cedar Falls, IA | $670 | $770 | $970 | $1,280 | $1,640 |
50621 | Waterloo-Cedar Falls, IA | $560 | $650 | $820 | $1,090 | $1,380 |
50622 | Waterloo-Cedar Falls, IA | $550 | $610 | $760 | $1,000 | $1,280 |
50623 | Waterloo-Cedar Falls, IA | $620 | $720 | $900 | $1,190 | $1,520 |
50624 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50626 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50627 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,010 | $1,280 |
50629 | Waterloo-Cedar Falls, IA | $640 | $700 | $900 | $1,150 | $1,340 |
50634 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50638 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50642 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50643 | Waterloo-Cedar Falls, IA | $660 | $760 | $960 | $1,270 | $1,620 |
50647 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50648 | Waterloo-Cedar Falls, IA | $540 | $630 | $790 | $1,050 | $1,330 |
50651 | Waterloo-Cedar Falls, IA | $620 | $710 | $890 | $1,180 | $1,490 |
50657 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50660 | Waterloo-Cedar Falls, IA | $550 | $640 | $800 | $1,060 | $1,350 |
50665 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50667 | Waterloo-Cedar Falls, IA | $600 | $700 | $880 | $1,160 | $1,470 |
50668 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50669 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50672 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50673 | Waterloo-Cedar Falls, IA | $610 | $710 | $890 | $1,180 | $1,500 |
50675 | Waterloo-Cedar Falls, IA | $590 | $680 | $860 | $1,140 | $1,450 |
50680 | Waterloo-Cedar Falls, IA | $540 | $610 | $760 | $1,000 | $1,280 |
50701 | Waterloo-Cedar Falls, IA | $610 | $710 | $890 | $1,180 | $1,500 |
50702 | Waterloo-Cedar Falls, IA | $600 | $690 | $870 | $1,150 | $1,470 |
50703 | Waterloo-Cedar Falls, IA | $610 | $710 | $890 | $1,180 | $1,500 |
50704 | Waterloo-Cedar Falls, IA | $620 | $720 | $900 | $1,190 | $1,520 |
50707 | Waterloo-Cedar Falls, IA | $630 | $720 | $910 | $1,210 | $1,530 |
2022 Average & Median Rent Data Statistics
WATERLOO-CEDAR FALLS, IA average 1BR rent: $654, median: $610
WATERLOO-CEDAR FALLS, IA average 2BR rent: $819, median: $760
WATERLOO-CEDAR FALLS, IA average 3BR rent: $1,080, median: $1,010
WATERLOO-CEDAR FALLS, IA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 3,195 | $483,745,000 | $151,407 |
Refi | 848 | $161,310,000 | $190,224 |
Home Improvement | 671 | $32,315,000 | $48,159 |
Cash Out Refi | 653 | $101,855,000 | $155,980 |
Other | 536 | $30,090,000 | $56,138 |
Waterloo - Cedar Falls's most frequently cited loan purpose was Home Purchase, with 3,195 originations. The 2nd most popular reason was Refi, with 848 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 1,809 | $280,905,000 | $155,282 |
4-5% | 1,430 | $181,280,000 | $126,769 |
5-6% | 1,027 | $118,005,000 | $114,903 |
6-7% | 509 | $51,975,000 | $102,112 |
2.5-3% | 300 | $65,480,000 | $218,267 |
7-8% | 184 | $14,970,000 | $81,359 |
<2.5% | 116 | $18,680,000 | $161,034 |
Over 8% | 59 | $2,795,000 | $47,373 |
During 2022, Waterloo - Cedar Falls's most frequently originated rate bucket was 3-4%, with 1,809 originations.
Loan Sizing (WATERLOO-CEDAR FALLS, IA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 3,049 | $144,745,000 | $47,473 |
$100k-200k | 1,785 | $257,125,000 | $144,048 |
$200k-400k | 865 | $235,285,000 | $272,006 |
$400k-600k | 140 | $65,980,000 | $471,286 |
$600k-1000k | 40 | $27,850,000 | $696,250 |
$Over $1MM | 24 | $78,330,000 | $3,263,750 |
WATERLOO - CEDAR FALLS's loan sizing saw the bucket of loans from $100,000 or less with 3,049 originations, totaling $144,745,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 1,755 | $350,015,000 | $199,439 |
Under 20% | 1,191 | $40,515,000 | $34,018 |
60-80% | 1,182 | $214,120,000 | $181,151 |
20-40% | 871 | $55,585,000 | $63,817 |
40-60% | 399 | $67,525,000 | $169,236 |
Over 100% | 21 | $4,765,000 | $226,905 |
WATERLOO - CEDAR FALLS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,755 originations, totaling $350,015,000 in origination value.