WEST PALM BEACH - BOCA RATON - BOYNTON BEACH Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in West Palm Beach - Boca Raton - Boynton Beach averaged
6.5%
for the week of 2024-01-18, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2024-01-11) was
6.56% and
one month ago for the week of 2023-12-14, the
average rate was 7.25%.
West Palm Beach - Boca Raton - Boynton Beach's average rate one year ago was 6.63%.
For refis of the same type during the week of 2024-01-18, the average rate
was 7.1%.
Loan Type |
Date |
Rate |
US 30 Year Fixed Rate |
2024-01-18 |
6.6% |
West Palm Beach - Boca Raton - Boynton Beach 30 Year Fixed Rate |
2024-01-18 |
6.5% |
West Palm Beach - Boca Raton - Boynton Beach 30 Year Fixed Rate Refi |
2024-01-18 |
7.1% |
West Palm Beach - Boca Raton - Boynton Beach 15 Year Fixed Rate |
2024-01-18 |
5.76% |
West Palm Beach - Boca Raton - Boynton Beach 15 Year Fixed Rate Refi |
2024-01-18 |
5.96% |
West Palm Beach - Boca Raton - Boynton Beach 30 Year FHA |
2024-01-18 |
-0.1% |
West Palm Beach - Boca Raton - Boynton Beach 30 Year FHA Refi |
2024-01-18 |
0.1% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL.
WEST PALM BEACH - BOCA RATON - BOYNTON BEACH 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 WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 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.).
Name |
# of Loans |
2022 Avg. 30yFix Rate |
2022 Avg. Closing Costs |
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 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 |
WEST PALM BEACH - BOCA RATON - BOYNTON BEACH Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - WEST PALM BEACH - BOCA RATON - BOYNTON BEACH (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date |
Median Listing Price (YoY Change) |
Average Listing Price (YoY) |
MSA/US Median Price Ratio |
Active Listings |
2018-01-01 |
$390,000 (4.0%) |
$877,777 (3.0%) |
1.45 |
46,965 |
2018-02-01 |
$389,950 (3.4%) |
$875,940 (2.6%) |
1.42 |
48,000 |
2018-03-01 |
$394,900 (3.3%) |
$877,243 (2.1%) |
1.39 |
48,472 |
2018-04-01 |
$397,250 (3.2%) |
$878,487 (1.5%) |
1.35 |
48,105 |
2018-05-01 |
$399,000 (2.7%) |
$877,971 (0.5%) |
1.33 |
47,079 |
2018-06-01 |
$399,000 (3.2%) |
$876,877 (1.6%) |
1.33 |
46,265 |
2018-07-01 |
$399,000 (2.2%) |
$872,035 (1.4%) |
1.33 |
45,954 |
2018-08-01 |
$398,750 (2.0%) |
$864,389 (0.0%) |
1.34 |
45,632 |
2018-09-01 |
$397,500 (1.9%) |
$862,917 (-0.7%) |
1.34 |
46,077 |
2018-10-01 |
$395,000 (1.4%) |
$865,206 (0.5%) |
1.34 |
47,540 |
2018-11-01 |
$395,000 (1.3%) |
$870,007 (0.6%) |
1.34 |
49,385 |
2018-12-01 |
$390,000 (0.0%) |
$876,847 (1.0%) |
1.35 |
50,359 |
2019-01-01 |
$390,000 (0.0%) |
$877,182 (-0.1%) |
1.35 |
51,137 |
2019-02-01 |
$390,000 (0.0%) |
$880,033 (0.5%) |
1.32 |
52,897 |
2019-03-01 |
$393,857 (-0.3%) |
$880,719 (0.4%) |
1.29 |
52,211 |
2019-04-01 |
$399,000 (0.4%) |
$885,981 (0.9%) |
1.27 |
50,838 |
2019-05-01 |
$399,900 (0.2%) |
$894,521 (1.9%) |
1.25 |
49,415 |
2019-06-01 |
$399,993 (0.3%) |
$888,854 (1.4%) |
1.25 |
47,726 |
2019-07-01 |
$400,000 (0.3%) |
$884,100 (1.4%) |
1.25 |
46,161 |
2019-08-01 |
$399,727 (0.3%) |
$881,518 (2.0%) |
1.27 |
45,587 |
2019-09-01 |
$399,318 (0.5%) |
$884,240 (2.5%) |
1.28 |
45,049 |
2019-10-01 |
$399,295 (1.1%) |
$890,757 (3.0%) |
1.29 |
44,969 |
2019-11-01 |
$399,900 (1.2%) |
$914,850 (5.2%) |
1.31 |
45,819 |
2019-12-01 |
$399,900 (2.5%) |
$928,958 (5.9%) |
1.33 |
45,643 |
2020-01-01 |
$399,000 (2.3%) |
$936,963 (6.8%) |
1.33 |
44,972 |
2020-02-01 |
$399,900 (2.5%) |
$942,047 (7.1%) |
1.31 |
45,470 |
2020-03-01 |
$399,950 (1.6%) |
$943,092 (7.1%) |
1.25 |
45,265 |
2020-04-01 |
$395,000 (-1.0%) |
$909,526 (2.7%) |
1.24 |
44,428 |
2020-05-01 |
$390,000 (-2.5%) |
$914,374 (2.2%) |
1.19 |
43,836 |
2020-06-01 |
$399,000 (-0.3%) |
$928,947 (4.5%) |
1.18 |
42,714 |
2020-07-01 |
$399,450 (-0.1%) |
$951,359 (7.6%) |
1.16 |
40,285 |
2020-08-01 |
$399,900 (0.0%) |
$962,177 (9.2%) |
1.15 |
39,106 |
2020-09-01 |
$400,000 (0.2%) |
$977,488 (10.6%) |
1.15 |
38,034 |
2020-10-01 |
$405,000 (1.4%) |
$988,910 (11.0%) |
1.16 |
37,485 |
2020-11-01 |
$400,000 (0.0%) |
$988,828 (8.1%) |
1.17 |
37,076 |
2020-12-01 |
$399,999 (0.0%) |
$994,355 (7.0%) |
1.19 |
35,993 |
2021-01-01 |
$399,000 (0.0%) |
$986,024 (5.2%) |
1.19 |
33,467 |
2021-02-01 |
$396,000 (-1.0%) |
$1,001,349 (6.3%) |
1.15 |
30,510 |
2021-03-01 |
$398,750 (-0.3%) |
$1,025,276 (8.7%) |
1.13 |
26,860 |
2021-04-01 |
$412,000 (4.3%) |
$1,061,309 (16.7%) |
1.12 |
24,099 |
2021-05-01 |
$429,000 (10.0%) |
$1,116,370 (22.1%) |
1.14 |
21,800 |
2021-06-01 |
$449,000 (12.5%) |
$1,163,875 (25.3%) |
1.18 |
20,632 |
2021-07-01 |
$455,500 (14.0%) |
$1,159,295 (21.9%) |
1.20 |
20,962 |
2021-08-01 |
$459,500 (14.9%) |
$1,176,863 (22.3%) |
1.23 |
20,831 |
2021-09-01 |
$467,450 (16.9%) |
$1,208,002 (23.6%) |
1.25 |
20,297 |
2021-10-01 |
$479,850 (18.5%) |
$1,260,576 (27.5%) |
1.28 |
19,456 |
2021-11-01 |
$482,500 (20.6%) |
$1,304,770 (32.0%) |
1.29 |
18,302 |
2021-12-01 |
$492,500 (23.1%) |
$1,343,496 (35.1%) |
1.33 |
17,025 |
2022-01-01 |
$495,000 (24.1%) |
$1,399,371 (41.9%) |
1.34 |
15,401 |
2022-02-01 |
$522,450 (31.9%) |
$1,501,636 (50.0%) |
1.36 |
13,563 |
2022-03-01 |
$544,500 (36.6%) |
$1,566,457 (52.8%) |
1.36 |
13,063 |
2022-04-01 |
$577,000 (40.1%) |
$1,616,168 (52.3%) |
1.38 |
12,824 |
2022-05-01 |
$622,000 (45.0%) |
$1,623,263 (45.4%) |
1.42 |
14,723 |
2022-06-01 |
$625,000 (39.2%) |
$1,531,062 (31.6%) |
1.39 |
17,323 |
2022-07-01 |
$620,000 (36.1%) |
$1,432,579 (23.6%) |
1.40 |
21,070 |
2022-08-01 |
$604,000 (31.5%) |
$1,406,924 (19.6%) |
1.40 |
22,462 |
2022-09-01 |
$599,000 (28.1%) |
$1,393,945 (15.4%) |
1.40 |
22,559 |
2022-10-01 |
$599,000 (24.8%) |
$1,407,112 (11.6%) |
1.41 |
23,833 |
2022-11-01 |
$599,000 (24.2%) |
$1,431,246 (9.7%) |
1.44 |
25,517 |
2022-12-01 |
$595,000 (20.8%) |
$1,461,330 (8.8%) |
1.47 |
25,912 |
2023-01-01 |
$595,000 (20.2%) |
$1,473,844 (5.3%) |
1.47 |
25,920 |
2023-02-01 |
$599,000 (14.7%) |
$1,503,920 (0.2%) |
1.45 |
25,462 |
2023-03-01 |
$599,444 (10.1%) |
$1,521,207 (-2.9%) |
1.41 |
24,536 |
2023-04-01 |
$605,000 (4.9%) |
$1,570,111 (-2.9%) |
1.41 |
23,340 |
2023-05-01 |
$607,598 (-2.3%) |
$1,579,899 (-2.7%) |
1.38 |
22,854 |
2023-06-01 |
$604,848 (-3.2%) |
$1,548,211 (1.1%) |
1.36 |
22,583 |
2023-07-01 |
$600,995 (-3.1%) |
$1,497,098 (4.5%) |
1.37 |
22,403 |
2023-08-01 |
$600,000 (-0.7%) |
$1,468,712 (4.4%) |
1.38 |
22,488 |
2023-09-01 |
$599,000 (0.0%) |
$1,445,209 (3.7%) |
1.39 |
24,077 |
2023-10-01 |
$598,500 (-0.1%) |
$1,453,940 (3.3%) |
1.41 |
26,415 |
2023-11-01 |
$594,973 (-0.7%) |
$1,473,559 (3.0%) |
1.42 |
29,158 |
2023-12-01 |
$579,900 (-2.5%) |
$1,467,078 (0.4%) |
1.41 |
30,835 |
WEST PALM BEACH - BOCA RATON - BOYNTON BEACH's median listing price for 2023-12-01 was $579,900, a difference of
$-15,100
(-2.5%) versus the prior year and
$-15,073 versus the prior month.
WEST PALM BEACH - BOCA RATON - BOYNTON BEACH's median listing price comes in at 141% of the national average.
WEST PALM BEACH - BOCA RATON - BOYNTON BEACH's average listing price for 2023-12-01 was $1,467,078, a difference of
$5,748
(0.4%) versus the prior year and
$-6,481 versus the prior month.
For the 2023-12-01 period, WEST PALM BEACH - BOCA RATON - BOYNTON BEACH had 30,835 MLS listings, a difference of
1,677 listings
(6%)
versus the prior month and
4,923 listings
(19%)
versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - WEST PALM BEACH - BOCA RATON - BOYNTON BEACH (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date |
Median Listing Time on Market |
Median Square Footage |
2018-01-01 |
81 days |
1,498 sqft |
2018-02-01 |
78 days |
1,499 sqft |
2018-03-01 |
72 days |
1,500 sqft |
2018-04-01 |
74 days |
1,501 sqft |
2018-05-01 |
76 days |
1,506 sqft |
2018-06-01 |
79 days |
1,515 sqft |
2018-07-01 |
80 days |
1,517 sqft |
2018-08-01 |
81 days |
1,513 sqft |
2018-09-01 |
81 days |
1,510 sqft |
2018-10-01 |
78 days |
1,507 sqft |
2018-11-01 |
75 days |
1,510 sqft |
2018-12-01 |
79 days |
1,507 sqft |
2019-01-01 |
83 days |
1,505 sqft |
2019-02-01 |
81 days |
1,507 sqft |
2019-03-01 |
79 days |
1,512 sqft |
2019-04-01 |
78 days |
1,520 sqft |
2019-05-01 |
81 days |
1,526 sqft |
2019-06-01 |
85 days |
1,527 sqft |
2019-07-01 |
86 days |
1,530 sqft |
2019-08-01 |
86 days |
1,524 sqft |
2019-09-01 |
86 days |
1,516 sqft |
2019-10-01 |
85 days |
1,509 sqft |
2019-11-01 |
81 days |
1,507 sqft |
2019-12-01 |
84 days |
1,500 sqft |
2020-01-01 |
87 days |
1,499 sqft |
2020-02-01 |
82 days |
1,488 sqft |
2020-03-01 |
74 days |
1,485 sqft |
2020-04-01 |
82 days |
1,461 sqft |
2020-05-01 |
94 days |
1,450 sqft |
2020-06-01 |
103 days |
1,437 sqft |
2020-07-01 |
96 days |
1,406 sqft |
2020-08-01 |
82 days |
1,389 sqft |
2020-09-01 |
81 days |
1,381 sqft |
2020-10-01 |
81 days |
1,376 sqft |
2020-11-01 |
79 days |
1,366 sqft |
2020-12-01 |
81 days |
1,357 sqft |
2021-01-01 |
83 days |
1,334 sqft |
2021-02-01 |
75 days |
1,303 sqft |
2021-03-01 |
64 days |
1,293 sqft |
2021-04-01 |
60 days |
1,296 sqft |
2021-05-01 |
56 days |
1,312 sqft |
2021-06-01 |
53 days |
1,341 sqft |
2021-07-01 |
52 days |
1,361 sqft |
2021-08-01 |
53 days |
1,366 sqft |
2021-09-01 |
54 days |
1,369 sqft |
2021-10-01 |
55 days |
1,376 sqft |
2021-11-01 |
56 days |
1,376 sqft |
2021-12-01 |
58 days |
1,366 sqft |
2022-01-01 |
61 days |
1,356 sqft |
2022-02-01 |
48 days |
1,364 sqft |
2022-03-01 |
40 days |
1,387 sqft |
2022-04-01 |
40 days |
1,435 sqft |
2022-05-01 |
36 days |
1,488 sqft |
2022-06-01 |
37 days |
1,500 sqft |
2022-07-01 |
40 days |
1,513 sqft |
2022-08-01 |
49 days |
1,513 sqft |
2022-09-01 |
57 days |
1,515 sqft |
2022-10-01 |
60 days |
1,518 sqft |
2022-11-01 |
61 days |
1,516 sqft |
2022-12-01 |
66 days |
1,500 sqft |
2023-01-01 |
72 days |
1,488 sqft |
2023-02-01 |
67 days |
1,472 sqft |
2023-03-01 |
60 days |
1,459 sqft |
2023-04-01 |
63 days |
1,452 sqft |
2023-05-01 |
63 days |
1,442 sqft |
2023-06-01 |
62 days |
1,441 sqft |
2023-07-01 |
64 days |
1,435 sqft |
2023-08-01 |
62 days |
1,426 sqft |
2023-09-01 |
58 days |
1,417 sqft |
2023-10-01 |
56 days |
1,422 sqft |
2023-11-01 |
57 days |
1,425 sqft |
2023-12-01 |
61 days |
1,406 sqft |
WEST PALM BEACH - BOCA RATON - BOYNTON BEACH's median listing age (time on market) for 2023-12-01 was 61 days.
This
is -8%
shorter
than the same period one year ago.
WEST PALM BEACH - BOCA RATON - BOYNTON BEACH's median square footage for active listings during the 2023-12-01 period was
1,406 sqft. One year prior, the average listing was
1,500 sqft.
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL Market Loan Reason
Loan Purpose |
Originations |
Total Value |
Average Loan |
Interest Rate Frequencies
Loan Rate |
Originations |
Total Value |
Average Loan |
Loan Sizing (WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL MSA)
Loan Size |
Originations |
Total Value |
Average Loan |
LTV Distribution
Loan to Value |
Originations |
Total Value |
Average Loan |