Watertown - Fort Atkinson Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Watertown - Fort Atkinson averaged
6.44%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
6.76% and
one month ago for the week of 2024-06-13, the
average rate was 6.62%.
Watertown - Fort Atkinson's average rate one year ago was 6.63%.
For refis of the same type during the week of 2024-07-18, the average rate
was 6.77%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Watertown - Fort Atkinson 30 Year Fixed Rate | 2024-07-18 | 6.44% |
| Watertown - Fort Atkinson 30 Year Fixed Rate Refi | 2024-07-18 | 6.77% |
| Watertown - Fort Atkinson 15 Year Fixed Rate | 2024-07-18 | 6.05% |
| Watertown - Fort Atkinson 15 Year Fixed Rate Refi | 2024-07-18 | 6.45% |
| Watertown - Fort Atkinson 30 Year FHA | 2024-07-18 | 6.89% |
| Watertown - Fort Atkinson 30 Year FHA Refi | 2024-07-18 | 6.59% |
| Watertown - Fort Atkinson 30 Year USDA | 2024-07-18 | 6.53% |
| Watertown - Fort Atkinson 30 Year USDA Refi | 2024-07-18 | 6.63% |
| Watertown - Fort Atkinson 30 Year VA | 2024-07-18 | 6.1% |
| Watertown - Fort Atkinson 30 Year VA Refi | 2024-07-18 | 6.3% |
Watertown - Fort Atkinson 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 Watertown-Fort Atkinson, WI 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.).
Watertown - Fort Atkinson Average Closing Costs & Other Stats
Watertown-Fort Atkinson, WI's 100 lenders originated 1,768
loans during 2023. The total origination value was $311,730,000, with an average loan value of
$176,318.
Watertown - Fort Atkinson's average closing costs are $3,426.
The top Watertown - Fort Atkinson lender as defined by loan originations is Summit Credit Union, with
88 loans originated. Their average total fees are
$2,855, which is $793
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Watertown - Fort Atkinson lenders (with over 10 loans originated) are
Landmark Credit Union ($1,887), PremierBank ($2,046), Summit Credit Union ($2,855), University of Wisconsin Credit Union ($3,180) and Barrington Bank & Trust Company, N.A. ($3,471).
The lowest rate Watertown - Fort Atkinson lenders (with over 10 loans originated) are
Johnson Bank (6.12%), University of Wisconsin Credit Union (6.26%), CARDINAL FINANCIAL (6.36%), Barrington Bank & Trust Company, N.A. (6.60%) and Landmark Credit Union (6.61%).
Watertown-Fort Atkinson, WI 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Summit Credit Union | $64,285,000 | $51,320,000 | -20.2% | 16.5% |
| Landmark Credit Union | $23,420,000 | $20,015,000 | -14.5% | 6.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $21,510,000 | $17,335,000 | -19.4% | 5.6% |
| University of Wisconsin Credit Union | $18,895,000 | $13,720,000 | -27.4% | 4.4% |
| PremierBank | $22,500,000 | $13,585,000 | -39.6% | 4.4% |
| Johnson Bank | $20,350,000 | $12,710,000 | -37.5% | 4.1% |
| Badger Bank | $12,970,000 | $9,200,000 | -29.1% | 3.0% |
| CARDINAL FINANCIAL | $8,380,000 | $8,845,000 | 5.5% | 2.8% |
| QUICKEN LOANS, LLC | $15,220,000 | $8,080,000 | -46.9% | 2.6% |
| THOMPSON KANE & COMPANY, LLC | $8,975,000 | $7,930,000 | -11.6% | 2.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,125,000 | $6,745,000 | 10.1% | 2.2% |
| Associated Bank | $9,605,000 | $6,060,000 | -36.9% | 1.9% |
| GUILD MORTGAGE COMPANY | $4,985,000 | $5,630,000 | 12.9% | 1.8% |
| Bank Five Nine | $7,340,000 | $5,420,000 | -26.2% | 1.7% |
| Farmers & Merchants State Bank | $6,245,000 | $4,555,000 | -27.1% | 1.5% |
| Town Bank, N.A. | $2,200,000 | $4,255,000 | 93.4% | 1.4% |
| NEWREZ LLC | $7,275,000 | $4,240,000 | -41.7% | 1.4% |
| Bank First, N.A. | $3,555,000 | $4,230,000 | 19.0% | 1.4% |
| COMPEER FINANCIAL, FLCA | $7,055,000 | $4,200,000 | -40.5% | 1.3% |
| Mortgage Research Center, LLC | $4,280,000 | $3,815,000 | -10.9% | 1.2% |
| Barrington Bank & Trust Company, N.A. | $3,680,000 | $3,635,000 | -1.2% | 1.2% |
| BMO Harris Bank | $3,575,000 | $2,900,000 | -18.9% | 0.9% |
| U.S. Bank | $3,450,000 | $2,895,000 | -16.1% | 0.9% |
| Bank of Deerfield | $8,400,000 | $2,885,000 | -65.7% | 0.9% |
| The Greenwood's State Bank | $3,910,000 | $2,705,000 | -30.8% | 0.9% |
| Great Midwest Bank, S.S.B. | $3,315,000 | $2,675,000 | -19.3% | 0.9% |
| Waukesha State Bank | $4,745,000 | $2,375,000 | -49.9% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,595,000 | $2,230,000 | -38.0% | 0.7% |
| V.I.P. MORTGAGE, INC. | $2,065,000 | n/a | 0.7% | |
| WISCONSIN MORTGAGE CORPORATION | $4,030,000 | $1,950,000 | -51.6% | 0.6% |
| CORNERSTONE HOME LENDING, INC. | $1,350,000 | $1,945,000 | 44.1% | 0.6% |
| Ixonia Bank | $2,915,000 | $1,795,000 | -38.4% | 0.6% |
| MOVEMENT MORTGAGE, LLC | $1,760,000 | n/a | 0.6% | |
| Servion, Inc. | $16,830,000 | $1,735,000 | -89.7% | 0.6% |
| CMG MORTGAGE, INC. | $1,230,000 | $1,650,000 | 34.1% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $2,240,000 | $1,535,000 | -31.5% | 0.5% |
| FIRST STATE MORTGAGE SERVICES, LLC | $665,000 | $1,510,000 | 127.1% | 0.5% |
| EDUCATORS CREDIT UNION | $2,640,000 | $1,495,000 | -43.4% | 0.5% |
| A + MORTGAGE SERVICES, INC. | $3,470,000 | $1,465,000 | -57.8% | 0.5% |
| JPMorgan Chase Bank | $1,940,000 | $1,440,000 | -25.8% | 0.5% |
| USAA Federal Savings Bank | $1,000,000 | $1,400,000 | 40.0% | 0.4% |
| Bank of England | $2,310,000 | $1,360,000 | -41.1% | 0.4% |
| GUARANTEED RATE, INC. | $3,205,000 | $1,350,000 | -57.9% | 0.4% |
| Prosperity Home Mortgage, LLC | $4,620,000 | $1,280,000 | -72.3% | 0.4% |
| CHERRY CREEK MORTGAGE, LLC | $865,000 | $1,170,000 | 35.3% | 0.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $5,700,000 | $1,155,000 | -79.7% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $865,000 | $1,150,000 | 32.9% | 0.4% |
| LOANDEPOT.COM, LLC | $3,070,000 | $1,085,000 | -64.7% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $215,000 | $1,085,000 | 404.7% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,035,000 | n/a | 0.3% | |
| Bell Bank | $800,000 | $1,025,000 | 28.1% | 0.3% |
| MARINE | $1,925,000 | $1,005,000 | -47.8% | 0.3% |
| Blackhawk Community Credit Union | $2,435,000 | $980,000 | -59.8% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $1,140,000 | $930,000 | -18.4% | 0.3% |
| Nations Lending Corporation | $1,250,000 | $925,000 | -26.0% | 0.3% |
| Discover Bank | $500,000 | $915,000 | 83.0% | 0.3% |
| First Community Credit Union | $900,000 | n/a | 0.3% | |
| The Park Bank | $1,645,000 | $900,000 | -45.3% | 0.3% |
| Century Mortgage Company DBA Century Lending Company | $475,000 | $870,000 | 83.2% | 0.3% |
| Heartland Credit Union (Madison) | $1,105,000 | $855,000 | -22.6% | 0.3% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $850,000 | n/a | 0.3% | |
| Tri City National Bank | $845,000 | n/a | 0.3% | |
| PENNYMAC LOAN SERVICES, LLC | $3,100,000 | $795,000 | -74.4% | 0.3% |
| PNC Bank | $135,000 | $715,000 | 429.6% | 0.2% |
| The Huntington National Bank | $675,000 | $655,000 | -3.0% | 0.2% |
| First Community Bank | $280,000 | $630,000 | 125.0% | 0.2% |
| Capitol Bank | $590,000 | n/a | 0.2% | |
| The Equitable Bank, S.S.B. | $1,820,000 | $585,000 | -67.9% | 0.2% |
| North Shore Bank FSB | $490,000 | $555,000 | 13.3% | 0.2% |
| Bank of America | $1,735,000 | $540,000 | -68.9% | 0.2% |
| Farmers and Merchants Union Bank | $350,000 | $525,000 | 50.0% | 0.2% |
| GSF Mortgage Corporation | $225,000 | $520,000 | 131.1% | 0.2% |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $155,000 | $520,000 | 235.5% | 0.2% |
| American Mortgage & Equity Consultants, Inc. | $1,325,000 | $515,000 | -61.1% | 0.2% |
| First Federal Bank | $1,205,000 | $490,000 | -59.3% | 0.2% |
| Old National Bank | $3,460,000 | $490,000 | -85.8% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $165,000 | $480,000 | 190.9% | 0.2% |
| NexBank | $480,000 | n/a | 0.2% | |
| TRIAD FINANCIAL SERVICES, INC. | $270,000 | $450,000 | 66.7% | 0.1% |
| Bank of Sun Prairie | $525,000 | $440,000 | -16.2% | 0.1% |
| Wells Fargo Bank | $5,010,000 | $440,000 | -91.2% | 0.1% |
| Citizens Bank | $565,000 | $430,000 | -23.9% | 0.1% |
| The Peoples Community Bank | $45,000 | $430,000 | 855.6% | 0.1% |
| State Bank of Cross Plains | $6,845,000 | $425,000 | -93.8% | 0.1% |
| Oregon Community Bank | $12,205,000 | $410,000 | -96.6% | 0.1% |
| Carrington Mortgage Services, LLC | $225,000 | $400,000 | 77.8% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $420,000 | $400,000 | -4.8% | 0.1% |
| BROKER SOLUTIONS, INC. | $2,535,000 | $380,000 | -85.0% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $2,245,000 | $380,000 | -83.1% | 0.1% |
| Tradition Mortgage, LLC | $365,000 | n/a | 0.1% | |
| ENDEAVOR CAPITAL, LLC. | $295,000 | $360,000 | 22.0% | 0.1% |
| FirstBank | $355,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $400,000 | $345,000 | -13.8% | 0.1% |
| PLANET HOME LENDING, LLC | $1,450,000 | $345,000 | -76.2% | 0.1% |
| Flagstar Bank, FSB | $1,480,000 | $340,000 | -77.0% | 0.1% |
| CANOPY MORTGAGE, LLC | $335,000 | n/a | 0.1% | |
| Logan Finance Corporation | $335,000 | n/a | 0.1% | |
| ENVOY MORTGAGE, LTD | $620,000 | $330,000 | -46.8% | 0.1% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $325,000 | n/a | 0.1% | |
| Neighborhood Loans, Inc. | $325,000 | n/a | 0.1% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $145,000 | $315,000 | 117.2% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $1,640,000 | $315,000 | -80.8% | 0.1% |
| NATIONS RELIABLE LENDING, LLC | $515,000 | $315,000 | -38.8% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $215,000 | $305,000 | 41.9% | 0.1% |
| Sauk Valley Bank & Trust Company | $365,000 | $305,000 | -16.4% | 0.1% |
| DUPACO COMMUNITY | $240,000 | $300,000 | 25.0% | 0.1% |
| Dakota Community Bank & Trust | $295,000 | n/a | 0.1% | |
| Peoples State Bank | $6,675,000 | $295,000 | -95.6% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $290,000 | n/a | 0.1% | |
| Frandsen Bank & Trust | $285,000 | n/a | 0.1% | |
| Royal Bank | $55,000 | $285,000 | 418.2% | 0.1% |
| Hometown Equity Mortgage, LLC | $275,000 | n/a | 0.1% | |
| Kohler Credit Union | $275,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $145,000 | $265,000 | 82.8% | 0.1% |
| Citadel Servicing Corporation | $265,000 | n/a | 0.1% | |
| UIF CORPORATION | $265,000 | n/a | 0.1% | |
| Key Mortgage Services, Inc. | $255,000 | n/a | 0.1% | |
| THRIVE MORTGAGE, LLC | $255,000 | n/a | 0.1% | |
| Northview Bank | $245,000 | n/a | 0.1% | |
| Bank of Milton | $55,000 | $235,000 | 327.3% | 0.1% |
| MORTGAGE CENTER L.C | $165,000 | $235,000 | 42.4% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $235,000 | n/a | 0.1% | |
| Cornerstone National Bank & Trust Company | $225,000 | n/a | 0.1% | |
| Coulee Bank | $225,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $205,000 | $225,000 | 9.8% | 0.1% |
| Waterstone Mortgage Corporation | $315,000 | $225,000 | -28.6% | 0.1% |
| SPRING EQ, LLC | $65,000 | $215,000 | 230.8% | 0.1% |
| ADVIA | $120,000 | $210,000 | 75.0% | 0.1% |
| 21ST MORTGAGE CORPORATION | $70,000 | $205,000 | 192.9% | 0.1% |
| Equity Prime Mortgage LLC | $165,000 | $195,000 | 18.2% | 0.1% |
| Loan Simple, Inc. | $345,000 | $195,000 | -43.5% | 0.1% |
| Bankers' Bank | $185,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $205,000 | $185,000 | -9.8% | 0.1% |
| Stillman Bank | $185,000 | n/a | 0.1% | |
| CoVantage Credit Union | $165,000 | $180,000 | 9.1% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $165,000 | n/a | 0.1% | |
| Empower Credit Union | $165,000 | n/a | 0.1% | |
| Arvest Bank | $155,000 | n/a | 0.0% | |
| Centier Bank | $155,000 | n/a | 0.0% | |
| Horicon Bank | $245,000 | $155,000 | -36.7% | 0.0% |
| The Bank of New Glarus | $805,000 | $155,000 | -80.7% | 0.0% |
| The Port Washington State Bank | $155,000 | n/a | 0.0% | |
| Westbury Bank | $935,000 | $155,000 | -83.4% | 0.0% |
| WINGS FINANCIAL | $155,000 | n/a | 0.0% | |
| Baxter Credit Union | $145,000 | n/a | 0.0% | |
| Home Federal Savings Bank | $365,000 | $145,000 | -60.3% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $545,000 | $135,000 | -75.2% | 0.0% |
| Figure Lending LLC | $120,000 | $125,000 | 4.2% | 0.0% |
| NEXERA HOLDING LLC | $125,000 | n/a | 0.0% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,010,000 | $115,000 | -94.3% | 0.0% |
| GREAT LAKES | $105,000 | n/a | 0.0% | |
| The Bank of Brodhead | $105,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $95,000 | n/a | 0.0% | |
| Republic Bank of Chicago | $95,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $195,000 | $95,000 | -51.3% | 0.0% |
| Glacier Hills Credit Union | $85,000 | n/a | 0.0% | |
| Citibank | $340,000 | $75,000 | -77.9% | 0.0% |
| Royal Credit Union | $75,000 | n/a | 0.0% | |
| National Exchange Bank and Trust | $65,000 | $65,000 | 0.0% | 0.0% |
| Coastal Community Bank | $45,000 | n/a | 0.0% | |
| FOX COMMUNITIES | $400,000 | $35,000 | -91.3% | 0.0% |
Watertown - Fort Atkinson's top lender by overall market share is Summit Credit Union, with 16.5% market share. In second place, with 6.4%, is Landmark Credit Union, having originated $20,015,000 in loans. In third place, with 5.6%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $17,335,000 in loans. In fourth place, with 4.4%, is University of Wisconsin Credit Union, having originated $13,720,000 in loans. In fifth place, with 4.4%, is PremierBank, having originated $13,585,000 in loans.
Watertown-Fort Atkinson, WI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 782 | $200,790,000 | $256,765 |
| Other | 288 | $20,140,000 | $69,931 |
| Home Improvement | 266 | $19,920,000 | $74,887 |
| Refi | 264 | $40,780,000 | $154,470 |
| Cash Out Refi | 168 | $30,100,000 | $179,167 |
Watertown - Fort Atkinson's most frequently cited loan purpose was Home Purchase, with 782 originations. The 2nd most popular reason was Other, with 288 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 477 | $108,095,000 | $226,614 |
| 7-8% | 370 | $76,750,000 | $207,432 |
| Over 8% | 266 | $28,290,000 | $106,353 |
| <2.5% | 240 | $19,110,000 | $79,625 |
| 5-6% | 191 | $48,685,000 | $254,895 |
| 3-4% | 82 | $6,610,000 | $80,610 |
| 4-5% | 68 | $7,630,000 | $112,206 |
| 2.5-3% | 24 | $1,760,000 | $73,333 |
During 2023, Watertown - Fort Atkinson's most frequently originated rate bucket was 6-7%, with 477 originations.
Loan Sizing (Watertown-Fort Atkinson, WI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 691 | $34,515,000 | $49,949 |
| $200k-400k | 551 | $154,525,000 | $280,445 |
| $100k-200k | 428 | $62,890,000 | $146,939 |
| $400k-600k | 76 | $34,980,000 | $460,263 |
| $600k-1000k | 13 | $10,115,000 | $778,077 |
| $Over $1MM | 9 | $14,705,000 | $1,633,889 |
Watertown - Fort Atkinson's loan sizing saw the bucket of loans from $100,000 or less with 691 originations, totaling $34,515,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 493 | $140,345,000 | $284,675 |
| Under 20% | 476 | $21,850,000 | $45,903 |
| 20-40% | 315 | $31,265,000 | $99,254 |
| 60-80% | 264 | $70,310,000 | $266,326 |
| 40-60% | 157 | $30,565,000 | $194,682 |
| Over 100% | 7 | $2,015,000 | $287,857 |
Watertown - Fort Atkinson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 493 originations, totaling $140,345,000 in origination value.