Yankton Mortgage Rates

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

    30 Year Fixed Rate mortgages in Yankton averaged 5.85% 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 5.66% and one month ago for the week of 2022-05-26, the average rate was 4.95%.

    Yankton's average rate one year ago was 3.2%.

    For refis of the same type during the week of 2022-06-30, the average rate was 5.72%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2022-06-30 5.7%
    Yankton 30 Year Fixed Rate 2022-06-30 5.85%
    Yankton 30 Year Fixed Rate Refi 2022-06-30 5.72%
    Yankton 15 Year Fixed Rate 2022-06-30 4.9%
    Yankton 15 Year Fixed Rate Refi 2022-06-30 4.96%
    Yankton 30 Year FHA 2022-06-30 5.17%
    Yankton 30 Year FHA Refi 2022-06-30 5.52%
    Yankton 30 Year USDA 2022-06-30 5.31%
    Yankton 30 Year USDA Refi 2022-06-30 5.52%
    Yankton 30 Year VA 2022-06-30 5.22%
    Yankton 30 Year VA Refi 2022-06-30 5.37%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Yankton, SD.

    Yankton 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 Yankton, SD 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
    First Dakota National Bank 100 2.95% $2,291
    QUICKEN LOANS, LLC 28 3.14% $4,230
    Plains Commerce Bank 22 2.98% $3,976
    CORTRUST MORTGAGE, INC. 21 2.82% $3,854
    CU MORTGAGE DIRECT, LLC 17 2.85% $4,221
    First National Bank of Omaha 15 2.93% $2,450
    Wells Fargo Bank 11 3.22% $3,089
    CROSSCOUNTRY MORTGAGE, LLC 8 3.06% $5,066
    First International Bank & Trust 7 3.02% $3,526
    Great Western Bank 6 3.27% $2,242
    West Gate Bank 4 3.16% $2,836
    Flagstar Bank, FSB 4 2.88% $3,044
    PENNYMAC LOAN SERVICES, LLC 4 3.62% $6,516
    HOME POINT FINANCIAL CORPORATION 3 3.08% $4,281
    Bank of the West 3 3.04% $4,018
    First PREMIER Bank 2 2.81% $5,101
    Reliabank Dakota 2 3.13% $3,348
    Farm Credit Mid-America, ACA 2 3.78% $9,207
    GUARANTEED RATE, INC. 2 3.06% $3,490
    LOANDEPOT.COM, LLC 2 2.69% $6,453
    North American Savings Bank, F.S.B. 2 2.94% $2,967
    SIOUX FALLS 2 2.44% $3,192
    IOWA BANKERS MORTGAGE CORPORATION 1 2.88% $4,020
    JPMorgan Chase Bank 1 3.13% $2,393
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $2,636
    NAVY FEDERAL CREDIT UNION 1 3.13% $1,595
    Paramount Bank 1 3.25% $7,408
    American Bank & Trust 1 3.00% $5,320
    BANKWEST, INC. 1 2.75% $8,040
    Stifel Bank and Trust 1 2.75% $1,909
    United Bank of Iowa 1 3.63% $3,837
    UNITED WHOLESALE MORTGAGE, LLC 1 2.88% $2,478
    U.S. Bank 1 3.25% $2,276
    US MORTGAGE CORPORATION 1 3.38% $9,853
    CMG MORTGAGE, INC. 1 3.25% $2,718
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.88% $3,377
    Citizens Bank 1 2.75% $5,788
    First Bank & Trust 1 2.88% $3,269
    CHURCHILL MORTGAGE CORPORATION 1 3.13% $2,882
    CHARTER WEST BANK 1 3.13% $2,343
    BLACK HILLS FEDERAL CREDIT UNION 1 2.99% $3,049
    AMERISAVE MORTGAGE CORPORATION 1 2.50% $5,940
    FREEDOM MORTGAGE CORPORATION 1 3.99% $3,498
    BETTER MORTGAGE CORPORATION 1 3.00% $1,588
    Heritage Bank 1 2.63% $3,131

    Yankton, SD's 45 lenders originated 725 loans during 2021. The total origination value was $139,835,000, with an average loan value of $192,876.

    The top Yankton lender as defined by loan originations is First Dakota National Bank, with 100 loans originated. Their average total fees are $2,291, which is $1,940 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Yankton lenders (with over 10 loans originated) are First Dakota National Bank ($2,291), First National Bank of Omaha ($2,450), Wells Fargo Bank ($3,089), CORTRUST MORTGAGE, INC. ($3,854) and Plains Commerce Bank ($3,976).

    The lowest rate Yankton lenders (with over 10 loans originated) are CORTRUST MORTGAGE, INC. (2.82%), CU MORTGAGE DIRECT, LLC (2.85%), First National Bank of Omaha (2.93%), First Dakota National Bank (2.95%) and Plains Commerce Bank (2.98%).

    Yankton, SD 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
    First Dakota National Bank $68,920,000 $45,990,000 -33.3% 32.9%
    QUICKEN LOANS, LLC $9,215,000 $9,555,000 3.7% 6.8%
    Plains Commerce Bank $6,530,000 $8,285,000 26.9% 5.9%
    CORTRUST MORTGAGE, INC. $15,325,000 $7,635,000 -50.2% 5.5%
    First National Bank of Omaha $9,985,000 $7,250,000 -27.4% 5.2%
    Wells Fargo Bank $3,190,000 $5,745,000 80.1% 4.1%
    CU MORTGAGE DIRECT, LLC $5,815,000 $5,580,000 -4.0% 4.0%
    CROSSCOUNTRY MORTGAGE, LLC $2,430,000 $5,500,000 126.3% 3.9%
    Great Western Bank $4,240,000 $3,345,000 -21.1% 2.4%
    First International Bank & Trust $2,860,000 n/a 2.0%
    West Gate Bank $575,000 $2,125,000 269.6% 1.5%
    First PREMIER Bank $2,680,000 $1,910,000 -28.7% 1.4%
    Arbor Realty Trust, Inc. $1,705,000 n/a 1.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $390,000 $1,640,000 320.5% 1.2%
    Mortgage Research Center, LLC $2,015,000 $1,495,000 -25.8% 1.1%
    PENNYMAC LOAN SERVICES, LLC $545,000 $1,480,000 171.6% 1.1%
    HOME POINT FINANCIAL CORPORATION $1,210,000 n/a 0.9%
    SIOUX FALLS $390,000 $1,195,000 206.4% 0.9%
    FREEDOM MORTGAGE CORPORATION $680,000 $1,160,000 70.6% 0.8%
    Farm Credit Mid-America, ACA $750,000 $1,065,000 42.0% 0.8%
    Bank of the West $145,000 $945,000 551.7% 0.7%
    Reliabank Dakota $365,000 $910,000 149.3% 0.7%
    Heritage Bank $45,000 $905,000 1,911.1% 0.6%
    CorTrust Bank $1,025,000 $895,000 -12.7% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $750,000 $885,000 18.0% 0.6%
    Flagstar Bank, FSB $475,000 $870,000 83.2% 0.6%
    IOWA BANKERS MORTGAGE CORPORATION $105,000 $835,000 695.2% 0.6%
    BLACK HILLS FEDERAL CREDIT UNION $350,000 $760,000 117.1% 0.5%
    BANKWEST, INC. $775,000 $705,000 -9.0% 0.5%
    GUARANTEED RATE, INC. $1,825,000 $700,000 -61.6% 0.5%
    American Bank & Trust $5,425,000 $660,000 -87.8% 0.5%
    NAVY FEDERAL CREDIT UNION $575,000 $645,000 12.2% 0.5%
    First Bank & Trust $95,000 $605,000 536.8% 0.4%
    NEW DAY FINANCIAL, LLC $105,000 $605,000 476.2% 0.4%
    North American Savings Bank, F.S.B. $570,000 n/a 0.4%
    AMERISAVE MORTGAGE CORPORATION $545,000 n/a 0.4%
    Citizens Bank $115,000 $515,000 347.8% 0.4%
    BETTER MORTGAGE CORPORATION $510,000 n/a 0.4%
    JPMorgan Chase Bank $510,000 n/a 0.4%
    Cornerstone Bank $505,000 n/a 0.4%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $265,000 $440,000 66.0% 0.3%
    U.S. Bank $1,130,000 $410,000 -63.7% 0.3%
    US MORTGAGE CORPORATION $405,000 n/a 0.3%
    Stifel Bank and Trust $395,000 n/a 0.3%
    First Interstate Bank $380,000 n/a 0.3%
    Flanagan State Bank $1,065,000 $375,000 -64.8% 0.3%
    Pinnacle Bank $375,000 n/a 0.3%
    PNC Bank $285,000 $370,000 29.8% 0.3%
    USAA Federal Savings Bank $355,000 n/a 0.3%
    SUN WEST MORTGAGE COMPANY, INC. $330,000 n/a 0.2%
    Black Hills Community Bank $325,000 n/a 0.2%
    United Bank of Iowa $320,000 n/a 0.2%
    Chickasaw Community Bank $295,000 n/a 0.2%
    UNITED WHOLESALE MORTGAGE, LLC $510,000 $285,000 -44.1% 0.2%
    LOANDEPOT.COM, LLC $385,000 $280,000 -27.3% 0.2%
    Central Bank $900,000 $250,000 -72.2% 0.2%
    CMG MORTGAGE, INC. $235,000 n/a 0.2%
    Paramount Bank $235,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $145,000 $205,000 41.4% 0.1%
    CHARTER WEST BANK $205,000 n/a 0.1%
    Gateway First Bank $205,000 n/a 0.1%
    Axos Bank $195,000 n/a 0.1%
    CANOPY MORTGAGE, LLC $185,000 n/a 0.1%
    Dacotah Bank $770,000 $185,000 -76.0% 0.1%
    HOMESTAR FINANCIAL CORPORATION $185,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $235,000 $185,000 -21.3% 0.1%
    Availa Bank $175,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $495,000 $175,000 -64.6% 0.1%
    CHURCHILL MORTGAGE CORPORATION $165,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $145,000 n/a 0.1%
    VERIDIAN CREDIT UNION $315,000 $145,000 -54.0% 0.1%
    BROKER SOLUTIONS, INC. $205,000 $125,000 -39.0% 0.1%
    The First National Bank in Sioux Falls $215,000 $105,000 -51.2% 0.1%
    21ST MORTGAGE CORPORATION $85,000 $100,000 17.6% 0.1%
    FOUR POINTS $450,000 $95,000 -78.9% 0.1%
    Discover Bank $85,000 n/a 0.1%
    SIOUXLAND FEDERAL CREDIT UNION $55,000 n/a 0.0%
    Figure Lending LLC $35,000 $45,000 28.6% 0.0%

    Yankton's top lender by overall market share is First Dakota National Bank, with 32.9% market share. In second place, with 6.8%, is QUICKEN LOANS, LLC, having originated $9,555,000 in loans. In third place, with 5.9%, is Plains Commerce Bank, having originated $8,285,000 in loans. In third place, with 5.5%, is CORTRUST MORTGAGE, INC., having originated $7,635,000 in loans. In third place, with 5.2%, is First National Bank of Omaha, having originated $7,250,000 in loans.

    Yankton, SD Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 322 $71,590,000 $222,329
    Refi 236 $39,490,000 $167,331
    Cash Out Refi 139 $26,825,000 $192,986
    Other 19 $1,345,000 $70,789
    Home Improvement 9 $585,000 $65,000

    Yankton's most frequently cited loan purpose was Home Purchase, with 322 originations. The 2nd most popular reason was Refi, with 236 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    2.5-3% 294 $58,170,000 $197,857
    <2.5% 209 $37,125,000 $177,632
    3-4% 166 $32,470,000 $195,602
    4-5% 23 $9,285,000 $403,696
    5-6% 13 $1,025,000 $78,846
    Over 8% 3 $145,000 $48,333
    6-7% 2 $90,000 $45,000
    7-8% 1 $35,000 $35,000

    During 2021, Yankton's most frequently originated rate bucket was 2.5-3%, with 294 originations.

    Loan Sizing (Yankton, SD MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 355 $53,095,000 $149,563
    $200k-400k 231 $60,635,000 $262,489
    $100,000 or less 110 $7,390,000 $67,182
    $400k-600k 26 $12,220,000 $470,000
    $Over $1MM 2 $5,710,000 $2,855,000
    $600k-1000k 1 $785,000 $785,000

    Yankton's loan sizing saw the bucket of loans from $100k-200k with 355 originations, totaling $53,095,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 272 $62,430,000 $229,522
    60-80% 246 $48,970,000 $199,065
    40-60% 105 $15,125,000 $144,048
    20-40% 46 $5,390,000 $117,174
    Under 20% 17 $1,095,000 $64,412
    Over 100% 11 $2,685,000 $244,091

    Yankton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 272 originations, totaling $62,430,000 in origination value.

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Yankton (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 $172,000 (1.2%) $224,362 (21.4%) 0.00 55
    2018-02-01 $175,000 (3.2%) $235,038 (31.0%) 0.00 54
    2018-03-01 $189,900 (16.9%) $234,508 (40.5%) 0.00 50
    2018-04-01 $219,000 (32.7%) $241,589 (32.0%) 0.00 50
    2018-05-01 $207,900 (19.7%) $238,936 (24.3%) 0.00 60
    2018-06-01 $206,000 (21.4%) $239,036 (21.7%) 0.00 69
    2018-07-01 $186,750 (9.9%) $230,235 (7.7%) 0.00 67
    2018-08-01 $176,800 (-1.7%) $218,489 (-3.0%) 0.00 77
    2018-09-01 $179,900 (6.5%) $214,365 (-1.9%) 0.00 79
    2018-10-01 $196,800 (10.9%) $227,363 (5.7%) 0.00 80
    2018-11-01 $195,900 (9.8%) $230,436 (5.7%) 0.00 74
    2018-12-01 $199,900 (15.7%) $242,722 (11.6%) 0.00 82
    2019-01-01 $191,500 (11.3%) $238,421 (6.3%) 0.00 79
    2019-02-01 $198,000 (13.1%) $242,027 (3.0%) 0.00 80
    2019-03-01 $207,386 (9.2%) $243,183 (3.7%) 0.00 80
    2019-04-01 $218,336 (-0.3%) $242,479 (0.4%) 0.00 79
    2019-05-01 $211,850 (1.9%) $242,850 (1.6%) 0.00 85
    2019-06-01 $213,900 (3.8%) $247,216 (3.4%) 0.00 92
    2019-07-01 $210,900 (12.9%) $238,165 (3.4%) 0.00 102
    2019-08-01 $206,557 (16.8%) $231,148 (5.8%) 0.00 102
    2019-09-01 $204,900 (13.9%) $231,528 (8.0%) 0.00 99
    2019-10-01 $202,400 (2.9%) $235,709 (3.7%) 0.00 97
    2019-11-01 $210,900 (7.7%) $239,583 (4.0%) 0.00 98
    2019-12-01 $217,900 (9.0%) $249,235 (2.7%) 0.00 85
    2020-01-01 $210,400 (9.9%) $245,579 (3.0%) 0.00 65
    2020-02-01 $207,800 (5.0%) $243,654 (0.7%) 0.00 56
    2020-03-01 $204,950 (-1.2%) $246,212 (1.3%) 0.00 54
    2020-04-01 $184,700 (-15.4%) $240,145 (-1.0%) 0.00 53
    2020-05-01 $210,000 (-0.9%) $254,147 (4.7%) 0.00 39
    2020-06-01 $244,900 (14.5%) $286,392 (15.9%) 0.00 37
    2020-07-01 $227,400 (7.8%) $286,349 (20.2%) 0.00 39
    2020-08-01 $218,500 (5.8%) $287,364 (24.3%) 0.00 36
    2020-09-01 $249,900 (22.0%) $288,116 (24.4%) 0.00 32
    2020-10-01 $204,900 (1.2%) $284,560 (20.7%) 0.00 26
    2020-11-01 $177,900 (-15.7%) $217,828 (-9.1%) 0.00 26
    2020-12-01 $165,450 (-24.1%) $198,049 (-20.5%) 0.00 22
    2021-01-01 $149,900 (-28.8%) $197,129 (-19.7%) 0.00 21
    2021-02-01 $149,950 (-27.8%) $180,573 (-25.9%) 0.00 18
    2021-03-01 $164,900 (-19.5%) $214,564 (-12.9%) 0.00 14
    2021-04-01 $169,900 (-8.0%) $282,775 (17.8%) 0.00 14
    2021-05-01 $181,900 (-13.4%) $291,776 (14.8%) 0.00 16
    2021-06-01 $169,900 (-30.6%) $295,614 (3.2%) 0.00 16
    2021-07-01 $174,900 (-23.1%) $291,531 (1.8%) 0.00 22
    2021-08-01 $179,950 (-17.6%) $303,092 (5.5%) 0.00 22
    2021-09-01 $199,450 (-20.2%) $287,956 (-0.1%) 0.00 26
    2021-10-01 $219,400 (7.1%) $338,800 (19.1%) 0.00 26
    2021-11-01 $253,950 (42.8%) $366,031 (68.0%) 0.00 22
    2021-12-01 $293,950 (77.7%) $382,907 (93.3%) 0.00 17
    2022-01-01 $349,000 (132.8%) $408,411 (107.2%) 0.00 15
    2022-02-01 $197,900 (32.0%) $319,647 (77.0%) 0.00 18
    2022-03-01 $142,450 (-13.6%) $298,556 (39.2%) 0.00 24
    2022-04-01 $189,000 (11.2%) $380,830 (34.7%) 0.00 21
    2022-05-01 $200,000 (10.0%) $413,151 (41.6%) 0.00 21
    2022-06-01 $219,950 (29.5%) $415,627 (40.6%) 0.00 21
    Yankton's median listing price for 2022-06-01 was $219,950, a difference of $50,050 (29.5%) versus the prior year and $19,950 versus the prior month.

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

    Yankton's average listing price for 2022-06-01 was $415,627, a difference of $120,013 (40.6%) versus the prior year and $2,476 versus the prior month.

    For the 2022-06-01 period, Yankton had 21 MLS listings, a difference of 0 listings (0%) versus the prior month and 5 listings (31%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Yankton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,729 sqft
    2018-02-01 0 days 1,782 sqft
    2018-03-01 0 days 1,752 sqft
    2018-04-01 0 days 1,900 sqft
    2018-05-01 0 days 1,731 sqft
    2018-06-01 0 days 1,790 sqft
    2018-07-01 0 days 1,795 sqft
    2018-08-01 0 days 1,722 sqft
    2018-09-01 0 days 1,790 sqft
    2018-10-01 0 days 1,960 sqft
    2018-11-01 0 days 1,960 sqft
    2018-12-01 0 days 1,960 sqft
    2019-01-01 0 days 1,960 sqft
    2019-02-01 0 days 1,960 sqft
    2019-03-01 0 days 1,960 sqft
    2019-04-01 0 days 1,960 sqft
    2019-05-01 0 days 1,921 sqft
    2019-06-01 0 days 1,645 sqft
    2019-07-01 0 days 1,827 sqft
    2019-08-01 0 days 1,857 sqft
    2019-09-01 0 days 1,838 sqft
    2019-10-01 0 days 1,867 sqft
    2019-11-01 0 days 1,882 sqft
    2019-12-01 0 days 1,861 sqft
    2020-01-01 0 days 1,779 sqft
    2020-02-01 0 days 1,683 sqft
    2020-03-01 0 days 1,700 sqft
    2020-04-01 0 days 1,682 sqft
    2020-05-01 0 days 1,698 sqft
    2020-06-01 0 days 1,896 sqft
    2020-07-01 0 days 1,900 sqft
    2020-08-01 0 days 1,960 sqft
    2020-09-01 0 days 1,960 sqft
    2020-10-01 0 days 1,960 sqft
    2020-11-01 0 days 1,794 sqft
    2020-12-01 0 days 1,779 sqft
    2021-01-01 0 days 1,779 sqft
    2021-02-01 0 days 1,345 sqft
    2021-03-01 0 days 1,524 sqft
    2021-04-01 0 days 1,779 sqft
    2021-05-01 0 days 1,779 sqft
    2021-06-01 0 days 1,703 sqft
    2021-07-01 0 days 1,703 sqft
    2021-08-01 0 days 1,858 sqft
    2021-09-01 0 days 1,985 sqft
    2021-10-01 0 days 2,020 sqft
    2021-11-01 0 days 2,101 sqft
    2021-12-01 0 days 2,331 sqft
    2022-01-01 0 days 2,586 sqft
    2022-02-01 0 days 1,670 sqft
    2022-03-01 0 days 1,274 sqft
    2022-04-01 0 days 1,766 sqft
    2022-05-01 0 days 1,840 sqft
    2022-06-01 0 days 1,960 sqft
    Yankton's median listing age (time on market) for 2022-06-01 was 0 days.

    Yankton's median square footage for active listings during the 2022-06-01 period was 1,960 sqft. One year prior, the average listing was 1,703 sqft.