Worthington Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Worthington averaged 5.89% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6% and one month ago for the week of 2022-05-26, the average rate was 5.19%.

Worthington's average rate one year ago was 3.34%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.96%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Worthington 30 Year Fixed Rate 2022-06-30 5.89%
Worthington 30 Year Fixed Rate Refi 2022-06-30 5.96%
Worthington 15 Year Fixed Rate 2022-06-30 4.6%
Worthington 15 Year Fixed Rate Refi 2022-06-30 4.84%
Worthington 30 Year FHA 2022-06-30 5.67%
Worthington 30 Year FHA Refi 2022-06-30 5.02%
Worthington 30 Year USDA 2022-06-30 5.77%
Worthington 30 Year USDA Refi 2022-06-30 5.4%
Worthington 30 Year VA 2022-06-30 5.51%
Worthington 30 Year VA Refi 2022-06-30 5.49%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Worthington, MN.

Worthington Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Worthington, 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Plains Commerce Bank 46 3.04% $4,296
QUICKEN LOANS, LLC 11 2.94% $3,493
COMPEER FINANCIAL, FLCA 10 3.86% $3,960
Wells Fargo Bank 8 3.09% $2,217
Servion, Inc. 8 2.97% $4,549
American Bank & Trust 4 3.28% $3,448
GUARANTEED RATE, INC. 3 3.21% $3,437
Reliabank Dakota 3 2.96% $3,370
LOANDEPOT.COM, LLC 2 3.25% $7,505
First Dakota National Bank 2 3.00% $2,875
TOWNE MORTGAGE COMPANY 2 3.25% $3,156
U.S. Bank 2 3.19% $2,265
Bell Bank 2 3.38% $3,118
IOWA BANKERS MORTGAGE CORPORATION 2 2.94% $2,013
Flagstar Bank, FSB 1 3.00% $2,720
Goldwater Bank, N.A. 1 3.50% $3,281
HIWAY 1 3.25% $3,555
HOME POINT FINANCIAL CORPORATION 1 3.38% $2,685
Midwest Heritage Bank FSB 1 3.00% $2,212
Mr. Cooper ( Nationstar Mortgage ) 1 3.88% $3,817
Northwest Bank 1 3.00% $2,191
Paramount Residential Mortgage Group, Inc. 1 2.88% $2,585
PENNYMAC LOAN SERVICES, LLC 1 3.00% $7,789
Bank of the West 1 3.00% $3,824
Bank Midwest 1 2.99% $3,618
ZILLOW HOME LOANS, LLC 1 3.50% $4,624
AmeriHome Mortgage Company, LLC 1 3.25% $3,027
AMERICAN FINANCING CORPORATION 1 3.25% $2,516
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.13% $4,163
Cambria Financial Group, LLC 1 3.38% $3,683
Citizens Bank 1 3.00% $3,953
Citizens Community Federal 1 3.13% $2,091
BMO Harris Bank 1 2.88% $3,316
CROSSCOUNTRY MORTGAGE, LLC 1 3.88% $5,824
First PREMIER Bank 1 2.88% $5,958

Worthington, MN's 35 lenders originated 276 loans during 2021. The total origination value was $44,800,000, with an average loan value of $162,319.

The top Worthington lender as defined by loan originations is Plains Commerce Bank, with 46 loans originated. Their average total fees are $4,296, which is $803 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Worthington lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($3,493), COMPEER FINANCIAL, FLCA ($3,960), Plains Commerce Bank ($4,296), .

The lowest rate Worthington lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.94%), Plains Commerce Bank (3.04%), COMPEER FINANCIAL, FLCA (3.86%), .

Worthington, MN Lender 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
Plains Commerce Bank $16,660,000 $12,970,000 -22.1% 29.0%
QUICKEN LOANS, LLC $3,470,000 $4,530,000 30.5% 10.1%
COMPEER FINANCIAL, FLCA $3,395,000 $4,015,000 18.3% 9.0%
Wells Fargo Bank $1,355,000 $2,165,000 59.8% 4.8%
Servion, Inc. $250,000 $2,095,000 738.0% 4.7%
TOWNE MORTGAGE COMPANY $2,820,000 $1,615,000 -42.7% 3.6%
GUARANTEED RATE, INC. $2,495,000 $1,250,000 -49.9% 2.8%
Bank of the West $1,395,000 $1,160,000 -16.8% 2.6%
Reliabank Dakota $675,000 $1,140,000 68.9% 2.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $345,000 $1,125,000 226.1% 2.5%
UNITED WHOLESALE MORTGAGE, LLC $565,000 $770,000 36.3% 1.7%
HOME POINT FINANCIAL CORPORATION $105,000 $730,000 595.2% 1.6%
U.S. Bank $870,000 $725,000 -16.7% 1.6%
American Bank & Trust $665,000 n/a 1.5%
LOANDEPOT.COM, LLC $190,000 $575,000 202.6% 1.3%
IOWA BANKERS MORTGAGE CORPORATION $65,000 $555,000 753.8% 1.2%
Mortgages Unlimited Inc. $680,000 $530,000 -22.1% 1.2%
BROKER SOLUTIONS, INC. $130,000 $520,000 300.0% 1.2%
FREEDOM MORTGAGE CORPORATION $545,000 $470,000 -13.8% 1.0%
First Dakota National Bank $45,000 $430,000 855.6% 1.0%
CALIBER HOME LOANS, INC. $850,000 $395,000 -53.5% 0.9%
First International Bank & Trust $390,000 n/a 0.9%
Bell Bank $330,000 n/a 0.7%
CROSSCOUNTRY MORTGAGE, LLC $165,000 $330,000 100.0% 0.7%
JPMorgan Chase Bank $155,000 $325,000 109.7% 0.7%
First PREMIER Bank $800,000 $315,000 -60.6% 0.7%
Mortgage Research Center, LLC $85,000 $315,000 270.6% 0.7%
SOUTHPOINT FINANCIAL $85,000 $255,000 200.0% 0.6%
ZILLOW HOME LOANS, LLC $245,000 n/a 0.5%
PENNYMAC LOAN SERVICES, LLC $195,000 $220,000 12.8% 0.5%
BMO Harris Bank $215,000 n/a 0.5%
Citizens Bank $245,000 $185,000 -24.5% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $300,000 $185,000 -38.3% 0.4%
Lake Area Bank $180,000 n/a 0.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $210,000 $175,000 -16.7% 0.4%
Flagstar Bank, FSB $170,000 n/a 0.4%
Bank Midwest $25,000 $155,000 520.0% 0.3%
AmeriHome Mortgage Company, LLC $145,000 n/a 0.3%
Equity Prime Mortgage LLC $145,000 n/a 0.3%
Central Bank $135,000 n/a 0.3%
CENTRAL MINNESOTA Credit Union $135,000 n/a 0.3%
Cambria Financial Group, LLC $510,000 $125,000 -75.5% 0.3%
Citizens Community Federal $125,000 n/a 0.3%
Liberty Bank Minnesota $125,000 n/a 0.3%
Alerus Financial $115,000 n/a 0.3%
CORTRUST MORTGAGE, INC. $115,000 n/a 0.3%
First National Bank $95,000 $115,000 21.1% 0.3%
PRIMARY RESIDENTIAL MORTGAGE, INC. $115,000 n/a 0.3%
AMERICAN FINANCING CORPORATION $105,000 n/a 0.2%
HIWAY $115,000 $105,000 -8.7% 0.2%
Discover Bank $120,000 $85,000 -29.2% 0.2%
Goldwater Bank, N.A. $85,000 n/a 0.2%
OPEN MORTGAGE, LLC $75,000 n/a 0.2%
Paramount Residential Mortgage Group, Inc. $75,000 n/a 0.2%
Northwest Bank $70,000 n/a 0.2%
ALLIANT $65,000 n/a 0.1%
ALTRA $65,000 n/a 0.1%
Figure Lending LLC $65,000 n/a 0.1%
First Bank & Trust $105,000 $65,000 -38.1% 0.1%
Midwest Heritage Bank FSB $275,000 $65,000 -76.4% 0.1%
Premier Bank $45,000 n/a 0.1%
Bremer Bank $180,000 $15,000 -91.7% 0.0%

Worthington's top lender by overall market share is Plains Commerce Bank, with 29.0% market share. In second place, with 10.1%, is QUICKEN LOANS, LLC, having originated $4,530,000 in loans. In third place, with 9.0%, is COMPEER FINANCIAL, FLCA, having originated $4,015,000 in loans. In third place, with 4.8%, is Wells Fargo Bank, having originated $2,165,000 in loans. In third place, with 4.7%, is Servion, Inc., having originated $2,095,000 in loans.


Worthington, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 130 $24,420,000 $187,846
Refi 73 $10,345,000 $141,712
Cash Out Refi 60 $9,180,000 $153,000
Other 7 $535,000 $76,429
Home Improvement 6 $320,000 $53,333

Worthington's most frequently cited loan purpose was Home Purchase, with 130 originations. The 2nd most popular reason was Refi, with 73 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 110 $18,470,000 $167,909
3-4% 95 $16,015,000 $168,579
<2.5% 48 $7,550,000 $157,292
4-5% 13 $1,925,000 $148,077
5-6% 6 $460,000 $76,667

During 2021, Worthington's most frequently originated rate bucket was 2.5-3%, with 110 originations.

Loan Sizing (Worthington, MN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 139 $20,225,000 $145,504
$200k-400k 70 $18,920,000 $270,286
$100,000 or less 63 $3,975,000 $63,095
$400k-600k 4 $1,680,000 $420,000

Worthington's loan sizing saw the bucket of loans from $100k-200k with 139 originations, totaling $20,225,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 118 $22,240,000 $188,475
60-80% 103 $16,895,000 $164,029
40-60% 22 $2,470,000 $112,273
Under 20% 14 $610,000 $43,571
20-40% 10 $1,120,000 $112,000
Over 100% 3 $715,000 $238,333

Worthington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 118 originations, totaling $22,240,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Worthington (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 $169,700 (41.5%) $163,031 (13.5%) 0.00 38
2018-02-01 $160,950 (34.2%) $163,930 (26.9%) 0.00 39
2018-03-01 $164,500 (37.2%) $166,984 (17.6%) 0.00 42
2018-04-01 $167,750 (19.9%) $166,997 (-1.7%) 0.00 46
2018-05-01 $176,000 (12.5%) $169,983 (-12.5%) 0.00 49
2018-06-01 $175,000 (26.2%) $168,142 (-14.8%) 0.00 49
2018-07-01 $169,000 (26.2%) $170,588 (-13.0%) 0.00 60
2018-08-01 $179,000 (30.7%) $172,404 (1.2%) 0.00 61
2018-09-01 $164,900 (29.8%) $165,051 (2.5%) 0.00 58
2018-10-01 $159,500 (22.8%) $157,255 (-2.9%) 0.00 60
2018-11-01 $159,900 (22.8%) $165,981 (5.6%) 0.00 57
2018-12-01 $159,900 (0.0%) $177,072 (10.3%) 0.00 58
2019-01-01 $167,450 (-1.3%) $179,286 (10.0%) 0.00 50
2019-02-01 $175,000 (8.7%) $180,578 (10.2%) 0.00 45
2019-03-01 $178,643 (8.6%) $186,183 (11.5%) 0.00 45
2019-04-01 $181,093 (8.0%) $192,545 (15.3%) 0.00 51
2019-05-01 $163,700 (-7.0%) $177,585 (4.5%) 0.00 68
2019-06-01 $164,900 (-5.8%) $177,149 (5.4%) 0.00 74
2019-07-01 $157,400 (-6.9%) $169,590 (-0.6%) 0.00 72
2019-08-01 $167,043 (-6.7%) $171,129 (-0.7%) 0.00 74
2019-09-01 $172,400 (4.6%) $174,910 (6.0%) 0.00 70
2019-10-01 $173,750 (8.9%) $170,146 (8.2%) 0.00 62
2019-11-01 $139,900 (-12.5%) $157,856 (-4.9%) 0.00 55
2019-12-01 $156,500 (-2.1%) $157,509 (-11.1%) 0.00 57
2020-01-01 $161,950 (-3.3%) $162,416 (-9.4%) 0.00 51
2020-02-01 $159,900 (-8.6%) $162,234 (-10.2%) 0.00 45
2020-03-01 $174,950 (-2.1%) $167,717 (-9.9%) 0.00 45
2020-04-01 $178,250 (-1.6%) $174,967 (-9.1%) 0.00 44
2020-05-01 $179,500 (9.7%) $176,823 (-0.4%) 0.00 41
2020-06-01 $186,700 (13.2%) $177,294 (0.1%) 0.00 42
2020-07-01 $176,950 (12.4%) $179,816 (6.0%) 0.00 44
2020-08-01 $184,900 (10.7%) $191,031 (11.6%) 0.00 43
2020-09-01 $205,000 (18.9%) $223,430 (27.7%) 0.00 38
2020-10-01 $189,900 (9.3%) $225,522 (32.6%) 0.00 42
2020-11-01 $179,000 (28.0%) $234,367 (48.5%) 0.00 39
2020-12-01 $172,250 (10.1%) $233,991 (48.6%) 0.00 36
2021-01-01 $175,000 (8.1%) $236,944 (45.9%) 0.00 39
2021-02-01 $179,900 (12.5%) $242,540 (49.5%) 0.00 34
2021-03-01 $218,450 (24.9%) $249,794 (48.9%) 0.00 24
2021-04-01 $167,450 (-6.1%) $216,597 (23.8%) 0.00 21
2021-05-01 $210,000 (17.0%) $230,981 (30.6%) 0.00 25
2021-06-01 $202,500 (8.5%) $224,823 (26.8%) 0.00 21
2021-07-01 $162,500 (-8.2%) $188,433 (4.8%) 0.00 18
2021-08-01 $176,250 (-4.7%) $192,870 (1.0%) 0.00 21
2021-09-01 $219,950 (7.3%) $214,475 (-4.0%) 0.00 23
2021-10-01 $199,900 (5.3%) $219,851 (-2.5%) 0.00 24
2021-11-01 $188,700 (5.4%) $205,073 (-12.5%) 0.00 17
2021-12-01 $202,200 (17.4%) $194,534 (-16.9%) 0.00 14
2022-01-01 $234,500 (34.0%) $209,667 (-11.5%) 0.00 14
2022-02-01 $197,500 (9.8%) $210,250 (-13.3%) 0.00 14
2022-03-01 $194,750 (-10.9%) $202,794 (-18.8%) 0.00 18
2022-04-01 $189,000 (12.9%) $207,056 (-4.4%) 0.00 18
2022-05-01 $186,200 (-11.3%) $222,465 (-3.7%) 0.00 22
2022-06-01 $239,700 (18.4%) $249,066 (10.8%) 0.00 24
Worthington's median listing price for 2022-06-01 was $239,700, a difference of $37,200 (18.4%) versus the prior year and $53,500 versus the prior month.

Worthington's median listing price comes in at 0% of the national average.

Worthington's average listing price for 2022-06-01 was $249,066, a difference of $24,243 (10.8%) versus the prior year and $26,601 versus the prior month.

For the 2022-06-01 period, Worthington had 24 MLS listings, a difference of 2 listings (9%) versus the prior month and 3 listings (14%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Worthington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,288 sqft
2018-02-01 0 days 2,363 sqft
2018-03-01 0 days 2,368 sqft
2018-04-01 0 days 2,228 sqft
2018-05-01 0 days 2,262 sqft
2018-06-01 0 days 2,204 sqft
2018-07-01 0 days 2,080 sqft
2018-08-01 0 days 2,085 sqft
2018-09-01 0 days 2,080 sqft
2018-10-01 0 days 2,085 sqft
2018-11-01 0 days 2,104 sqft
2018-12-01 0 days 2,279 sqft
2019-01-01 0 days 2,423 sqft
2019-02-01 0 days 2,298 sqft
2019-03-01 0 days 2,158 sqft
2019-04-01 0 days 1,980 sqft
2019-05-01 0 days 1,824 sqft
2019-06-01 0 days 1,864 sqft
2019-07-01 0 days 1,871 sqft
2019-08-01 0 days 1,878 sqft
2019-09-01 0 days 1,894 sqft
2019-10-01 0 days 1,974 sqft
2019-11-01 0 days 1,894 sqft
2019-12-01 0 days 1,879 sqft
2020-01-01 0 days 1,894 sqft
2020-02-01 0 days 1,894 sqft
2020-03-01 0 days 2,012 sqft
2020-04-01 0 days 1,988 sqft
2020-05-01 0 days 2,032 sqft
2020-06-01 0 days 2,160 sqft
2020-07-01 0 days 2,149 sqft
2020-08-01 0 days 2,168 sqft
2020-09-01 0 days 2,304 sqft
2020-10-01 0 days 2,288 sqft
2020-11-01 0 days 1,807 sqft
2020-12-01 0 days 1,646 sqft
2021-01-01 0 days 1,770 sqft
2021-02-01 0 days 1,872 sqft
2021-03-01 0 days 1,952 sqft
2021-04-01 0 days 2,018 sqft
2021-05-01 0 days 1,984 sqft
2021-06-01 0 days 1,812 sqft
2021-07-01 0 days 1,391 sqft
2021-08-01 0 days 1,800 sqft
2021-09-01 0 days 1,964 sqft
2021-10-01 0 days 1,910 sqft
2021-11-01 0 days 1,782 sqft
2021-12-01 0 days 1,765 sqft
2022-01-01 0 days 1,576 sqft
2022-02-01 0 days 2,168 sqft
2022-03-01 0 days 1,928 sqft
2022-04-01 0 days 1,887 sqft
2022-05-01 0 days 1,581 sqft
2022-06-01 0 days 1,701 sqft
Worthington's median listing age (time on market) for 2022-06-01 was 0 days.

Worthington's median square footage for active listings during the 2022-06-01 period was 1,701 sqft. One year prior, the average listing was 1,812 sqft.