Worthington Mortgage Rates
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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.