Worthington Mortgage Rates

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    • 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.