Worthington Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Worthington averaged 7.2% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.68% and one month ago for the week of 2024-03-14, the average rate was 6.64%.

    Worthington's average rate one year ago was 6.27%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Worthington 30 Year Fixed Rate 2024-04-18 7.2%
    Worthington 30 Year Fixed Rate Refi 2024-04-18 7%
    Worthington 15 Year Fixed Rate 2024-04-18 6.39%
    Worthington 15 Year Fixed Rate Refi 2024-04-18 6.79%
    Worthington 30 Year FHA 2024-04-18 6.66%
    Worthington 30 Year FHA Refi 2024-04-18 6.96%
    Worthington 30 Year USDA 2024-04-18 7.06%
    Worthington 30 Year USDA Refi 2024-04-18 6.86%
    Worthington 30 Year VA 2024-04-18 6.96%
    Worthington 30 Year VA Refi 2024-04-18 6.96%
    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 lender, 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Plains Commerce Bank 13 6.78% $5,179
    American Bank & Trust 9 6.24% $4,010
    COMPEER FINANCIAL, FLCA 5 7.65% $4,970
    Servion, Inc. 4 7.03% $3,830
    QUICKEN LOANS, LLC 4 6.06% $6,841
    Wells Fargo Bank 3 6.25% $5,656
    Minnwest Bank 2 5.81% $4,624
    TOWNE MORTGAGE COMPANY 2 7.19% $4,791
    CARDINAL FINANCIAL 2 6.63% $7,126
    LOANDEPOT.COM, LLC 1 8.13% $5,723
    Mr. Cooper ( Nationstar Mortgage ) 1 7.99% $4,559
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.50% $5,417
    Reliabank Dakota 1 6.25% $3,721
    The Huntington National Bank 1 5.88% $4,224
    IOWA BANKERS MORTGAGE CORPORATION 1 6.50% $2,892
    Barrington Bank & Trust Company, N.A. 1 7.63% $6,055
    Bremer Bank 1 5.63% $10,947
    Discover Bank 1 7.49% $0
    First International Bank & Trust 1 6.75% $2,873
    First Western Bank & Trust 1 5.75% $2,640
    FREEDOM MORTGAGE CORPORATION 1 6.49% $5,166
    GUARANTEED RATE, INC. 1 5.99% $3,240
    AFFINITY PLUS 1 6.50% $2,788

    Worthington Average Closing Costs & Other Stats

    Worthington, MN's 23 lenders originated 187 loans during 2023. The total origination value was $31,325,000, with an average loan value of $167,513.

    Worthington's average closing costs are $5,085.

    The top Worthington lender as defined by loan originations is Plains Commerce Bank, with 13 loans originated. Their average total fees are $5,179, which is $1,169 higher than the next largest lender, American Bank & Trust.

    The lowest fee Worthington lenders (with over 10 loans originated) are Plains Commerce Bank ($5,179), .

    The lowest rate Worthington lenders (with over 10 loans originated) are Plains Commerce Bank (6.78%), .

    Worthington, MN 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
    Plains Commerce Bank $6,515,000 $4,145,000 -36.4% 13.2%
    American Bank & Trust $3,815,000 $2,865,000 -24.9% 9.1%
    QUICKEN LOANS, LLC $2,185,000 $2,625,000 20.1% 8.4%
    COMPEER FINANCIAL, FLCA $3,595,000 $2,375,000 -33.9% 7.6%
    United Prairie Bank $1,425,000 n/a 4.5%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $165,000 $705,000 327.3% 2.3%
    Wells Fargo Bank $1,600,000 $680,000 -57.5% 2.2%
    Bremer Bank $620,000 n/a 2.0%
    LOANDEPOT.COM, LLC $585,000 n/a 1.9%
    The Huntington National Bank $585,000 n/a 1.9%
    Reliabank Dakota $460,000 $555,000 20.7% 1.8%
    Servion, Inc. $1,595,000 $555,000 -65.2% 1.8%
    First PREMIER Bank $415,000 n/a 1.3%
    TOWNE MORTGAGE COMPANY $410,000 n/a 1.3%
    CARDINAL FINANCIAL $555,000 $370,000 -33.3% 1.2%
    First Bank & Trust $345,000 n/a 1.1%
    GUARANTEED RATE, INC. $1,195,000 $305,000 -74.5% 1.0%
    AFFINITY PLUS $280,000 n/a 0.9%
    NAVY FEDERAL CREDIT UNION $325,000 $255,000 -21.5% 0.8%
    Barrington Bank & Trust Company, N.A. $235,000 n/a 0.8%
    MOVEMENT MORTGAGE, LLC $235,000 n/a 0.8%
    Minnwest Bank $145,000 $230,000 58.6% 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $210,000 n/a 0.7%
    First International Bank & Trust $570,000 $175,000 -69.3% 0.6%
    Premier Bank $125,000 $165,000 32.0% 0.5%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $165,000 n/a 0.5%
    FREEDOM MORTGAGE CORPORATION $405,000 $155,000 -61.7% 0.5%
    Mortgage Research Center, LLC $340,000 $155,000 -54.4% 0.5%
    IOWA BANKERS MORTGAGE CORPORATION $165,000 $145,000 -12.1% 0.5%
    Prosperity Home Mortgage, LLC $140,000 n/a 0.4%
    Discover Bank $35,000 $125,000 257.1% 0.4%
    LAKEVIEW LOAN SERVICING, LLC $115,000 n/a 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $115,000 n/a 0.4%
    Coastal Community Bank $105,000 n/a 0.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $95,000 n/a 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $485,000 $95,000 -80.4% 0.3%
    American State Bank $75,000 n/a 0.2%
    Figure Lending LLC $55,000 n/a 0.2%
    Bank of America $55,000 $45,000 -18.2% 0.1%
    First Western Bank & Trust $45,000 n/a 0.1%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $15,000 n/a 0.0%

    Worthington's top lender by overall market share is Plains Commerce Bank, with 13.2% market share. In second place, with 9.1%, is American Bank & Trust, having originated $2,865,000 in loans. In third place, with 8.4%, is QUICKEN LOANS, LLC, having originated $2,625,000 in loans. In fourth place, with 7.6%, is COMPEER FINANCIAL, FLCA, having originated $2,375,000 in loans. In fifth place, with 4.5%, is United Prairie Bank, having originated $1,425,000 in loans.

    Worthington Housing Market Trends (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 $169,600 (41.5%) $163,064 (15.7%) 0.00 36
    2018-02-01 $156,575 (39.3%) $164,175 (27.1%) 0.00 38
    2018-03-01 $160,950 (34.2%) $167,361 (17.9%) 0.00 40
    2018-04-01 $167,750 (19.9%) $167,629 (-1.3%) 0.00 44
    2018-05-01 $176,850 (13.1%) $171,155 (-11.9%) 0.00 49
    2018-06-01 $175,000 (27.0%) $171,082 (-13.3%) 0.00 50
    2018-07-01 $167,500 (25.1%) $172,571 (-12.0%) 0.00 62
    2018-08-01 $179,900 (31.4%) $179,422 (4.9%) 0.00 65
    2018-09-01 $169,000 (33.1%) $174,984 (7.3%) 0.00 62
    2018-10-01 $159,600 (22.9%) $163,450 (0.9%) 0.00 63
    2018-11-01 $159,900 (21.8%) $172,535 (9.4%) 0.00 59
    2018-12-01 $162,400 (1.6%) $179,222 (10.2%) 0.00 58
    2019-01-01 $167,450 (-1.3%) $181,647 (11.4%) 0.00 50
    2019-02-01 $176,225 (12.6%) $183,358 (11.7%) 0.00 47
    2019-03-01 $182,400 (13.3%) $189,176 (13.0%) 0.00 48
    2019-04-01 $184,275 (9.9%) $196,049 (17.0%) 0.00 54
    2019-05-01 $173,050 (-2.2%) $185,142 (8.2%) 0.00 70
    2019-06-01 $177,450 (1.4%) $183,669 (7.4%) 0.00 75
    2019-07-01 $169,900 (1.4%) $176,433 (2.2%) 0.00 74
    2019-08-01 $173,082 (-3.8%) $176,309 (-1.7%) 0.00 75
    2019-09-01 $174,105 (3.0%) $175,039 (0.0%) 0.00 70
    2019-10-01 $174,900 (9.6%) $174,782 (6.9%) 0.00 64
    2019-11-01 $169,900 (6.3%) $167,930 (-2.7%) 0.00 53
    2019-12-01 $167,175 (2.9%) $169,638 (-5.4%) 0.00 53
    2020-01-01 $177,200 (5.8%) $176,385 (-2.9%) 0.00 48
    2020-02-01 $177,450 (0.7%) $176,065 (-4.0%) 0.00 42
    2020-03-01 $186,200 (2.1%) $181,885 (-3.9%) 0.00 45
    2020-04-01 $185,700 (0.8%) $185,132 (-5.6%) 0.00 44
    2020-05-01 $179,500 (3.7%) $183,000 (-1.2%) 0.00 39
    2020-06-01 $186,825 (5.3%) $183,191 (-0.3%) 0.00 40
    2020-07-01 $180,450 (6.2%) $183,862 (4.2%) 0.00 41
    2020-08-01 $183,700 (6.1%) $194,606 (10.4%) 0.00 41
    2020-09-01 $224,950 (29.2%) $228,860 (30.8%) 0.00 38
    2020-10-01 $189,900 (8.6%) $234,189 (34.0%) 0.00 39
    2020-11-01 $174,250 (2.6%) $233,421 (39.0%) 0.00 37
    2020-12-01 $174,850 (4.6%) $237,565 (40.0%) 0.00 33
    2021-01-01 $175,000 (-1.2%) $237,303 (34.5%) 0.00 37
    2021-02-01 $177,300 (-0.1%) $243,265 (38.2%) 0.00 32
    2021-03-01 $210,325 (13.0%) $251,509 (38.3%) 0.00 23
    2021-04-01 $167,450 (-9.8%) $217,154 (17.3%) 0.00 21
    2021-05-01 $222,250 (23.8%) $233,010 (27.3%) 0.00 26
    2021-06-01 $202,500 (8.4%) $226,969 (23.9%) 0.00 21
    2021-07-01 $175,000 (-3.0%) $225,041 (22.4%) 0.00 16
    2021-08-01 $188,250 (2.5%) $233,086 (19.8%) 0.00 21
    2021-09-01 $249,575 (11.0%) $252,377 (10.3%) 0.00 25
    2021-10-01 $199,900 (5.3%) $242,744 (3.7%) 0.00 28
    2021-11-01 $188,075 (7.9%) $216,630 (-7.2%) 0.00 20
    2021-12-01 $194,900 (11.5%) $194,032 (-18.3%) 0.00 16
    2022-01-01 $229,500 (31.1%) $209,667 (-11.7%) 0.00 14
    2022-02-01 $186,000 (4.9%) $209,856 (-13.7%) 0.00 14
    2022-03-01 $174,900 (-16.8%) $200,106 (-20.4%) 0.00 17
    2022-04-01 $184,000 (9.9%) $231,543 (6.6%) 0.00 19
    2022-05-01 $204,700 (-7.9%) $234,439 (0.6%) 0.00 25
    2022-06-01 $234,800 (16.0%) $252,759 (11.4%) 0.00 27
    2022-07-01 $199,900 (14.2%) $240,500 (6.9%) 0.00 36
    2022-08-01 $226,250 (20.2%) $244,314 (4.8%) 0.00 38
    2022-09-01 $264,575 (6.0%) $252,406 (0.0%) 0.00 33
    2022-10-01 $252,250 (26.2%) $252,103 (3.9%) 0.00 30
    2022-11-01 $245,875 (30.7%) $245,344 (13.3%) 0.00 30
    2022-12-01 $238,500 (22.4%) $238,000 (22.7%) 0.00 27
    2023-01-01 $241,075 (5.0%) $232,353 (10.8%) 0.00 25
    2023-02-01 $187,225 (0.7%) $216,233 (3.0%) 0.00 24
    2023-03-01 $209,750 (19.9%) $225,450 (12.7%) 0.00 22
    2023-04-01 $245,000 (33.2%) $251,765 (8.7%) 0.00 24
    2023-05-01 $284,125 (38.8%) $273,618 (16.7%) 0.00 26
    2023-06-01 $282,475 (20.3%) $289,731 (14.6%) 0.00 26
    2023-07-01 $271,950 (36.0%) $294,828 (22.6%) 0.00 30
    2023-08-01 $295,000 (30.4%) $303,565 (24.3%) 0.00 33
    2023-09-01 $295,000 (11.5%) $300,311 (19.0%) 0.00 32
    2023-10-01 $295,000 (17.0%) $290,197 (15.1%) 0.00 33
    2023-11-01 $298,575 (21.4%) $287,937 (17.4%) 0.00 29
    2023-12-01 $297,000 (24.5%) $280,850 (18.0%) 0.00 32
    2024-01-01 $287,250 (19.2%) $275,878 (18.7%) 0.00 37
    2024-02-01 $249,900 (33.5%) $271,916 (25.8%) 0.00 36
    2024-03-01 $295,000 (40.6%) $294,647 (30.7%) 0.00 30
    Worthington's median listing price for 2024-03-01 was $295,000, a difference of $85,250 (40.6%) versus the prior year and $45,100 versus the prior month.

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

    Worthington's average listing price for 2024-03-01 was $294,647, a difference of $69,197 (30.7%) versus the prior year and $22,731 versus the prior month.

    For the 2024-03-01 period, Worthington had 30 MLS listings, a difference of -6 listings (-17%) versus the prior month and 8 listings (36%) 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 2,304 sqft
    2018-02-01 0 days 2,412 sqft
    2018-03-01 0 days 2,384 sqft
    2018-04-01 0 days 2,326 sqft
    2018-05-01 0 days 2,257 sqft
    2018-06-01 0 days 2,211 sqft
    2018-07-01 0 days 2,080 sqft
    2018-08-01 0 days 2,126 sqft
    2018-09-01 0 days 2,090 sqft
    2018-10-01 0 days 2,114 sqft
    2018-11-01 0 days 2,142 sqft
    2018-12-01 0 days 2,284 sqft
    2019-01-01 0 days 2,437 sqft
    2019-02-01 0 days 2,396 sqft
    2019-03-01 0 days 2,169 sqft
    2019-04-01 0 days 1,974 sqft
    2019-05-01 0 days 1,852 sqft
    2019-06-01 0 days 1,871 sqft
    2019-07-01 0 days 1,877 sqft
    2019-08-01 0 days 1,910 sqft
    2019-09-01 0 days 1,946 sqft
    2019-10-01 0 days 1,980 sqft
    2019-11-01 0 days 1,879 sqft
    2019-12-01 0 days 1,875 sqft
    2020-01-01 0 days 2,019 sqft
    2020-02-01 0 days 1,988 sqft
    2020-03-01 0 days 2,019 sqft
    2020-04-01 0 days 2,016 sqft
    2020-05-01 0 days 2,024 sqft
    2020-06-01 0 days 2,103 sqft
    2020-07-01 0 days 1,934 sqft
    2020-08-01 0 days 2,129 sqft
    2020-09-01 0 days 2,235 sqft
    2020-10-01 0 days 2,120 sqft
    2020-11-01 0 days 1,740 sqft
    2020-12-01 0 days 1,616 sqft
    2021-01-01 0 days 1,738 sqft
    2021-02-01 0 days 1,833 sqft
    2021-03-01 0 days 1,852 sqft
    2021-04-01 0 days 1,821 sqft
    2021-05-01 0 days 1,928 sqft
    2021-06-01 0 days 1,756 sqft
    2021-07-01 0 days 1,611 sqft
    2021-08-01 0 days 1,939 sqft
    2021-09-01 0 days 1,995 sqft
    2021-10-01 0 days 1,937 sqft
    2021-11-01 0 days 1,873 sqft
    2021-12-01 0 days 1,826 sqft
    2022-01-01 0 days 1,516 sqft
    2022-02-01 0 days 2,178 sqft
    2022-03-01 0 days 2,057 sqft
    2022-04-01 0 days 2,068 sqft
    2022-05-01 0 days 1,601 sqft
    2022-06-01 0 days 1,684 sqft
    2022-07-01 0 days 1,634 sqft
    2022-08-01 0 days 1,863 sqft
    2022-09-01 0 days 1,663 sqft
    2022-10-01 0 days 1,823 sqft
    2022-11-01 0 days 1,744 sqft
    2022-12-01 0 days 1,702 sqft
    2023-01-01 0 days 1,655 sqft
    2023-02-01 0 days 1,574 sqft
    2023-03-01 0 days 1,579 sqft
    2023-04-01 0 days 1,872 sqft
    2023-05-01 0 days 1,953 sqft
    2023-06-01 0 days 1,962 sqft
    2023-07-01 0 days 1,908 sqft
    2023-08-01 0 days 1,880 sqft
    2023-09-01 0 days 1,908 sqft
    2023-10-01 0 days 1,958 sqft
    2023-11-01 0 days 2,019 sqft
    2023-12-01 0 days 2,043 sqft
    2024-01-01 0 days 2,022 sqft
    2024-02-01 0 days 2,028 sqft
    2024-03-01 0 days 2,042 sqft
    Worthington's median listing age (time on market) for 2024-03-01 was 0 days.

    Worthington's median square footage for active listings during the 2024-03-01 period was 2,042 sqft. One year prior, the average listing was 1,579 sqft.

    Worthington, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 134 $25,630,000 $191,269
    Refi 16 $1,940,000 $121,250
    Cash Out Refi 16 $1,660,000 $103,750
    Home Improvement 13 $705,000 $54,231
    Other 8 $1,390,000 $173,750

    Worthington's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Refi, with 16 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 48 $8,800,000 $183,333
    7-8% 38 $7,260,000 $191,053
    5-6% 19 $3,865,000 $203,421
    Over 8% 13 $1,445,000 $111,154
    <2.5% 3 $35,000 $11,667

    During 2023, Worthington's most frequently originated rate bucket was 6-7%, with 48 originations.

    Loan Sizing (Worthington, MN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 74 $10,680,000 $144,324
    $200k-400k 56 $14,860,000 $265,357
    $100,000 or less 51 $2,875,000 $56,373
    $400k-600k 6 $2,910,000 $485,000

    Worthington's loan sizing saw the bucket of loans from $100k-200k with 74 originations, totaling $10,680,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 62 $13,290,000 $214,355
    60-80% 28 $4,890,000 $174,643
    20-40% 12 $850,000 $70,833
    40-60% 10 $2,010,000 $201,000
    Under 20% 8 $220,000 $27,500
    Over 100% 1 $145,000 $145,000

    Worthington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 62 originations, totaling $13,290,000 in origination value.