Yankton Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Yankton averaged
6.68%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.3% and
one month ago for the week of 2023-04-20, the
average rate was 6.3%.
Yankton's average rate one year ago was 5.36%.
For refis of the same type during the week of 2023-05-25, the average rate
was 7.07%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
Yankton 30 Year Fixed Rate | 2023-05-25 | 6.68% |
Yankton 30 Year Fixed Rate Refi | 2023-05-25 | 7.07% |
Yankton 15 Year Fixed Rate | 2023-05-25 | 5.87% |
Yankton 15 Year Fixed Rate Refi | 2023-05-25 | 5.97% |
Yankton 30 Year FHA | 2023-05-25 | 6.71% |
Yankton 30 Year FHA Refi | 2023-05-25 | 6.61% |
Yankton 30 Year USDA | 2023-05-25 | 6.43% |
Yankton 30 Year USDA Refi | 2023-05-25 | 6.53% |
Yankton 30 Year VA | 2023-05-25 | 6.31% |
Yankton 30 Year VA Refi | 2023-05-25 | 6.51% |
Yankton 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 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.).
Yankton Average Closing Costs & Other Stats
Yankton, SD's 42 lenders originated 417
loans during 2022. The total origination value was $83,935,000, with an average loan value of
$201,283.
Yankton's average closing costs are $3,943.
The top Yankton lender as defined by loan originations is First Dakota National Bank, with
50 loans originated. Their average total fees are
$2,984, which is $281
higher than the next largest lender,
First National Bank of Omaha.
The lowest fee Yankton lenders (with over 10 loans originated) are
First International Bank & Trust ($2,331), First National Bank of Omaha ($2,703), First Dakota National Bank ($2,984), CU MORTGAGE DIRECT, LLC ($4,111) and CORTRUST MORTGAGE, INC. ($5,364).
The lowest rate Yankton lenders (with over 10 loans originated) are
First National Bank of Omaha (4.67%), CU MORTGAGE DIRECT, LLC (4.99%), First Dakota National Bank (5.32%), CORTRUST MORTGAGE, INC. (5.43%) and QUICKEN LOANS, LLC (5.54%).
Yankton, SD 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
First Dakota National Bank | $45,990,000 | $25,625,000 | -44.3% | 30.5% |
First National Bank of Omaha | $7,250,000 | $5,895,000 | -18.7% | 7.0% |
CORTRUST MORTGAGE, INC. | $7,635,000 | $5,185,000 | -32.1% | 6.2% |
QUICKEN LOANS, LLC | $9,555,000 | $4,560,000 | -52.3% | 5.4% |
First International Bank & Trust | $2,860,000 | $4,485,000 | 56.8% | 5.3% |
First Interstate Bank | $380,000 | $2,605,000 | 585.5% | 3.1% |
CU MORTGAGE DIRECT, LLC | $5,580,000 | $2,595,000 | -53.5% | 3.1% |
Plains Commerce Bank | $8,285,000 | $2,420,000 | -70.8% | 2.9% |
LOANDEPOT.COM, LLC | $280,000 | $2,295,000 | 719.6% | 2.7% |
Wells Fargo Bank | $5,745,000 | $2,245,000 | -60.9% | 2.7% |
CROSSCOUNTRY MORTGAGE, LLC | $5,500,000 | $1,785,000 | -67.5% | 2.1% |
CorTrust Bank | $895,000 | $1,765,000 | 97.2% | 2.1% |
Arbor Realty Trust, Inc. | $1,705,000 | $1,635,000 | -4.1% | 1.9% |
First PREMIER Bank | $1,910,000 | $1,275,000 | -33.2% | 1.5% |
Mortgage Research Center, LLC | $1,495,000 | $1,085,000 | -27.4% | 1.3% |
U.S. Bank | $410,000 | $970,000 | 136.6% | 1.2% |
West Gate Bank | $2,125,000 | $945,000 | -55.5% | 1.1% |
AMERISAVE MORTGAGE CORPORATION | $545,000 | $795,000 | 45.9% | 0.9% |
GUARANTEED RATE, INC. | $700,000 | $690,000 | -1.4% | 0.8% |
NAVY FEDERAL CREDIT UNION | $645,000 | $680,000 | 5.4% | 0.8% |
PENNYMAC LOAN SERVICES, LLC | $1,480,000 | $665,000 | -55.1% | 0.8% |
Farm Credit Mid-America, ACA | $1,065,000 | $660,000 | -38.0% | 0.8% |
Reliabank Dakota | $910,000 | $645,000 | -29.1% | 0.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,640,000 | $630,000 | -61.6% | 0.8% |
Servion, Inc. | $605,000 | n/a | 0.7% | |
The Security National Bank of Sioux City, Iowa | $590,000 | n/a | 0.7% | |
USAA Federal Savings Bank | $355,000 | $550,000 | 54.9% | 0.7% |
First Bank & Trust | $605,000 | $545,000 | -9.9% | 0.6% |
Flanagan State Bank | $375,000 | $540,000 | 44.0% | 0.6% |
FREEDOM MORTGAGE CORPORATION | $1,160,000 | $465,000 | -59.9% | 0.6% |
HOMESTAR FINANCIAL CORPORATION | $185,000 | $445,000 | 140.5% | 0.5% |
SIOUX FALLS | $1,195,000 | $445,000 | -62.8% | 0.5% |
BANKWEST, INC. | $705,000 | $375,000 | -46.8% | 0.4% |
Exchange Bank | $375,000 | n/a | 0.4% | |
AMERICAN FINANCING CORPORATION | $340,000 | n/a | 0.4% | |
American State Bank | $335,000 | n/a | 0.4% | |
US MORTGAGE CORPORATION | $405,000 | $335,000 | -17.3% | 0.4% |
HSBC BANK USA, NATIONAL ASSOCIATION | $325,000 | n/a | 0.4% | |
Unify Home Lending Inc. | $315,000 | n/a | 0.4% | |
American Bank & Trust | $660,000 | $310,000 | -53.0% | 0.4% |
TRIAD FINANCIAL SERVICES, INC. | $265,000 | n/a | 0.3% | |
BROKER SOLUTIONS, INC. | $125,000 | $235,000 | 88.0% | 0.3% |
Mr. Cooper ( Nationstar Mortgage ) | $885,000 | $235,000 | -73.4% | 0.3% |
Wyndham Capital Mortgage, Inc. | $235,000 | n/a | 0.3% | |
GUILD MORTGAGE COMPANY | $225,000 | n/a | 0.3% | |
Pinnacle Bank | $375,000 | $225,000 | -40.0% | 0.3% |
S1L, Inc. | $225,000 | n/a | 0.3% | |
Ally Bank | $215,000 | n/a | 0.3% | |
Union Bank and Trust Company | $215,000 | n/a | 0.3% | |
VERIDIAN CREDIT UNION | $145,000 | $205,000 | 41.4% | 0.2% |
PENTAGON FEDERAL CREDIT UNION | $185,000 | n/a | 0.2% | |
BLACK HILLS FEDERAL CREDIT UNION | $760,000 | $175,000 | -77.0% | 0.2% |
CMG MORTGAGE, INC. | $235,000 | $165,000 | -29.8% | 0.2% |
NEW DAY FINANCIAL, LLC | $605,000 | $165,000 | -72.7% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $145,000 | $155,000 | 6.9% | 0.2% |
Barrington Bank & Trust Company, N.A. | $205,000 | $145,000 | -29.3% | 0.2% |
NEWREZ LLC | $145,000 | n/a | 0.2% | |
Northwest Bank | $140,000 | n/a | 0.2% | |
Bankers' Bank | $135,000 | n/a | 0.2% | |
CHARTER WEST BANK | $205,000 | $135,000 | -34.1% | 0.2% |
THRIVENT Federal Credit Union | $135,000 | n/a | 0.2% | |
Operating Engineers Local Union #3 | $115,000 | n/a | 0.1% | |
Discover Bank | $85,000 | $110,000 | 29.4% | 0.1% |
Dacotah Bank | $185,000 | $105,000 | -43.2% | 0.1% |
SERVICE FIRST FEDERAL CREDIT UNION | $105,000 | n/a | 0.1% | |
21ST MORTGAGE CORPORATION | $100,000 | $95,000 | -5.0% | 0.1% |
Midwest Heritage Bank FSB | $95,000 | n/a | 0.1% | |
Carrington Mortgage Services, LLC | $75,000 | n/a | 0.1% | |
Primebank | $75,000 | n/a | 0.1% | |
Availa Bank | $175,000 | $55,000 | -68.6% | 0.1% |
Bremer Bank | $55,000 | n/a | 0.1% | |
WINGS FINANCIAL | $35,000 | n/a | 0.0% | |
Flagstar Bank, FSB | $870,000 | $25,000 | -97.1% | 0.0% |
Yankton's top lender by overall market share is First Dakota National Bank, with 30.5% market share. In second place, with 7.0%, is First National Bank of Omaha, having originated $5,895,000 in loans. In third place, with 6.2%, is CORTRUST MORTGAGE, INC., having originated $5,185,000 in loans. In fourth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $4,560,000 in loans. In fifth place, with 5.3%, is First International Bank & Trust, having originated $4,485,000 in loans.
Yankton Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Yankton (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 | $171,200 (-0.1%) | $224,979 (22.1%) | 0.00 | 56 |
2018-02-01 | $175,000 (2.1%) | $234,311 (29.4%) | 0.00 | 55 |
2018-03-01 | $197,900 (20.0%) | $236,002 (39.4%) | 0.00 | 50 |
2018-04-01 | $219,000 (30.4%) | $244,497 (33.7%) | 0.00 | 52 |
2018-05-01 | $214,950 (23.4%) | $242,148 (28.3%) | 0.00 | 64 |
2018-06-01 | $211,000 (24.2%) | $242,740 (24.7%) | 0.00 | 74 |
2018-07-01 | $186,800 (10.0%) | $232,928 (11.7%) | 0.00 | 68 |
2018-08-01 | $176,900 (-2.0%) | $218,172 (-2.9%) | 0.00 | 76 |
2018-09-01 | $179,900 (6.2%) | $213,635 (-1.0%) | 0.00 | 81 |
2018-10-01 | $200,925 (15.3%) | $228,770 (6.6%) | 0.00 | 82 |
2018-11-01 | $195,700 (8.7%) | $231,565 (6.2%) | 0.00 | 76 |
2018-12-01 | $191,500 (9.6%) | $231,168 (4.4%) | 0.00 | 76 |
2019-01-01 | $187,000 (9.2%) | $228,536 (1.6%) | 0.00 | 72 |
2019-02-01 | $190,875 (9.1%) | $232,798 (-0.7%) | 0.00 | 73 |
2019-03-01 | $207,000 (-0.3%) | $237,858 (-0.1%) | 0.00 | 72 |
2019-04-01 | $201,150 (-8.0%) | $235,704 (-3.4%) | 0.00 | 75 |
2019-05-01 | $208,050 (-3.2%) | $236,895 (-2.2%) | 0.00 | 78 |
2019-06-01 | $208,850 (-1.0%) | $233,070 (-4.0%) | 0.00 | 83 |
2019-07-01 | $202,400 (8.4%) | $222,788 (-4.4%) | 0.00 | 91 |
2019-08-01 | $194,900 (12.2%) | $211,026 (-1.5%) | 0.00 | 92 |
2019-09-01 | $199,875 (9.1%) | $214,339 (-0.3%) | 0.00 | 89 |
2019-10-01 | $199,125 (-1.9%) | $215,197 (-6.4%) | 0.00 | 89 |
2019-11-01 | $209,900 (7.3%) | $225,372 (-2.7%) | 0.00 | 93 |
2019-12-01 | $211,350 (10.4%) | $227,398 (-1.6%) | 0.00 | 78 |
2020-01-01 | $210,400 (12.5%) | $228,472 (0.0%) | 0.00 | 65 |
2020-02-01 | $209,800 (9.9%) | $224,996 (-3.4%) | 0.00 | 53 |
2020-03-01 | $201,100 (1.9%) | $225,815 (-4.3%) | 0.00 | 53 |
2020-04-01 | $184,075 (-8.6%) | $219,353 (-7.1%) | 0.00 | 52 |
2020-05-01 | $212,450 (2.1%) | $229,358 (-3.2%) | 0.00 | 35 |
2020-06-01 | $235,000 (12.5%) | $257,284 (10.4%) | 0.00 | 34 |
2020-07-01 | $223,650 (10.5%) | $258,518 (16.0%) | 0.00 | 36 |
2020-08-01 | $182,000 (-8.3%) | $254,351 (18.4%) | 0.00 | 35 |
2020-09-01 | $208,700 (6.3%) | $246,594 (15.8%) | 0.00 | 32 |
2020-10-01 | $182,400 (-7.5%) | $238,880 (11.6%) | 0.00 | 26 |
2020-11-01 | $182,675 (-13.0%) | $225,031 (-0.2%) | 0.00 | 25 |
2020-12-01 | $170,175 (-19.5%) | $207,565 (-8.7%) | 0.00 | 21 |
2021-01-01 | $149,900 (-28.8%) | $217,479 (-4.8%) | 0.00 | 18 |
2021-02-01 | $162,450 (-22.6%) | $203,583 (-9.5%) | 0.00 | 16 |
2021-03-01 | $179,925 (-10.5%) | $240,129 (6.3%) | 0.00 | 14 |
2021-04-01 | $180,675 (-1.9%) | $217,156 (-1.0%) | 0.00 | 11 |
2021-05-01 | $183,400 (-13.7%) | $224,414 (-2.2%) | 0.00 | 14 |
2021-06-01 | $194,900 (-17.1%) | $241,690 (-6.1%) | 0.00 | 13 |
2021-07-01 | $182,250 (-18.5%) | $255,864 (-1.0%) | 0.00 | 20 |
2021-08-01 | $182,450 (0.3%) | $285,388 (12.2%) | 0.00 | 20 |
2021-09-01 | $194,675 (-6.7%) | $269,560 (9.3%) | 0.00 | 23 |
2021-10-01 | $199,900 (9.6%) | $331,442 (38.8%) | 0.00 | 23 |
2021-11-01 | $297,700 (63.0%) | $378,862 (68.4%) | 0.00 | 18 |
2021-12-01 | $268,775 (57.9%) | $365,024 (75.9%) | 0.00 | 14 |
2022-01-01 | $324,450 (116.4%) | $380,294 (74.9%) | 0.00 | 15 |
2022-02-01 | $237,400 (46.1%) | $348,597 (71.2%) | 0.00 | 17 |
2022-03-01 | $138,700 (-22.9%) | $264,937 (10.3%) | 0.00 | 22 |
2022-04-01 | $189,950 (5.1%) | $314,277 (44.7%) | 0.00 | 17 |
2022-05-01 | $200,000 (9.1%) | $328,408 (46.3%) | 0.00 | 20 |
2022-06-01 | $251,175 (28.9%) | $334,098 (38.2%) | 0.00 | 20 |
2022-07-01 | $264,900 (45.4%) | $328,975 (28.6%) | 0.00 | 28 |
2022-08-01 | $274,975 (50.7%) | $361,158 (26.6%) | 0.00 | 32 |
2022-09-01 | $284,475 (46.1%) | $409,461 (51.9%) | 0.00 | 27 |
2022-10-01 | $244,000 (22.1%) | $397,505 (19.9%) | 0.00 | 23 |
2022-11-01 | $279,950 (-6.0%) | $376,170 (-0.7%) | 0.00 | 19 |
2022-12-01 | $279,950 (4.2%) | $372,304 (2.0%) | 0.00 | 14 |
2023-01-01 | $244,900 (-24.5%) | $367,588 (-3.3%) | 0.00 | 15 |
2023-02-01 | $229,900 (-3.2%) | $360,165 (3.3%) | 0.00 | 13 |
2023-03-01 | $269,900 (94.6%) | $288,928 (9.1%) | 0.00 | 15 |
2023-04-01 | $369,950 (0.0%) | $406,807 (0.0%) | 0.00 | 17 |
Yankton's median listing price comes in at 0% of the national average.
Yankton's average listing price for 2023-04-01 was $406,807, a difference of $92,530 (0.0%) versus the prior year and $117,879 versus the prior month.
For the 2023-04-01 period, Yankton had 17 MLS listings, a difference of 2 listings (13%) versus the prior month and 0 listings (0%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Yankton (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,720 sqft |
2018-02-01 | 0 days | 1,782 sqft |
2018-03-01 | 0 days | 1,767 sqft |
2018-04-01 | 0 days | 1,900 sqft |
2018-05-01 | 0 days | 1,762 sqft |
2018-06-01 | 0 days | 1,813 sqft |
2018-07-01 | 0 days | 1,792 sqft |
2018-08-01 | 0 days | 1,710 sqft |
2018-09-01 | 0 days | 1,790 sqft |
2018-10-01 | 0 days | 1,949 sqft |
2018-11-01 | 0 days | 1,959 sqft |
2018-12-01 | 0 days | 1,960 sqft |
2019-01-01 | 0 days | 1,852 sqft |
2019-02-01 | 0 days | 1,901 sqft |
2019-03-01 | 0 days | 1,960 sqft |
2019-04-01 | 0 days | 1,960 sqft |
2019-05-01 | 0 days | 1,778 sqft |
2019-06-01 | 0 days | 1,575 sqft |
2019-07-01 | 0 days | 1,750 sqft |
2019-08-01 | 0 days | 1,756 sqft |
2019-09-01 | 0 days | 1,755 sqft |
2019-10-01 | 0 days | 1,788 sqft |
2019-11-01 | 0 days | 1,836 sqft |
2019-12-01 | 0 days | 1,800 sqft |
2020-01-01 | 0 days | 1,776 sqft |
2020-02-01 | 0 days | 1,680 sqft |
2020-03-01 | 0 days | 1,646 sqft |
2020-04-01 | 0 days | 1,638 sqft |
2020-05-01 | 0 days | 1,691 sqft |
2020-06-01 | 0 days | 1,896 sqft |
2020-07-01 | 0 days | 1,911 sqft |
2020-08-01 | 0 days | 1,960 sqft |
2020-09-01 | 0 days | 1,960 sqft |
2020-10-01 | 0 days | 1,779 sqft |
2020-11-01 | 0 days | 1,771 sqft |
2020-12-01 | 0 days | 1,749 sqft |
2021-01-01 | 0 days | 1,779 sqft |
2021-02-01 | 0 days | 1,523 sqft |
2021-03-01 | 0 days | 1,614 sqft |
2021-04-01 | 0 days | 1,768 sqft |
2021-05-01 | 0 days | 1,741 sqft |
2021-06-01 | 0 days | 1,741 sqft |
2021-07-01 | 0 days | 1,783 sqft |
2021-08-01 | 0 days | 1,870 sqft |
2021-09-01 | 0 days | 1,930 sqft |
2021-10-01 | 0 days | 2,020 sqft |
2021-11-01 | 0 days | 2,310 sqft |
2021-12-01 | 0 days | 2,364 sqft |
2022-01-01 | 0 days | 2,183 sqft |
2022-02-01 | 0 days | 1,683 sqft |
2022-03-01 | 0 days | 986 sqft |
2022-04-01 | 0 days | 1,773 sqft |
2022-05-01 | 0 days | 1,790 sqft |
2022-06-01 | 0 days | 1,873 sqft |
2022-07-01 | 0 days | 1,918 sqft |
2022-08-01 | 0 days | 2,146 sqft |
2022-09-01 | 0 days | 2,001 sqft |
2022-10-01 | 0 days | 1,872 sqft |
2022-11-01 | 0 days | 1,860 sqft |
2022-12-01 | 0 days | 1,872 sqft |
2023-01-01 | 0 days | 1,872 sqft |
2023-02-01 | 0 days | 1,791 sqft |
2023-03-01 | 0 days | 1,794 sqft |
2023-04-01 | 0 days | 2,011 sqft |
Yankton's median square footage for active listings during the 2023-04-01 period was 2,011 sqft. One year prior, the average listing was 1,773 sqft.
Yankton, SD Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 257 | $61,005,000 | $237,374 |
Cash Out Refi | 59 | $10,155,000 | $172,119 |
Refi | 54 | $9,520,000 | $176,296 |
Home Improvement | 25 | $1,265,000 | $50,600 |
Other | 22 | $1,990,000 | $90,455 |
Yankton's most frequently cited loan purpose was Home Purchase, with 257 originations. The 2nd most popular reason was Cash Out Refi, with 59 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 126 | $25,610,000 | $203,254 |
4-5% | 85 | $22,325,000 | $262,647 |
3-4% | 74 | $15,450,000 | $208,784 |
6-7% | 54 | $10,180,000 | $188,519 |
2.5-3% | 24 | $4,200,000 | $175,000 |
7-8% | 16 | $2,660,000 | $166,250 |
Over 8% | 6 | $270,000 | $45,000 |
<2.5% | 5 | $725,000 | $145,000 |
During 2022, Yankton's most frequently originated rate bucket was 5-6%, with 126 originations.
Loan Sizing (Yankton, SD MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 167 | $25,285,000 | $151,407 |
$200k-400k | 138 | $36,560,000 | $264,928 |
$100,000 or less | 92 | $5,310,000 | $57,717 |
$400k-600k | 13 | $6,465,000 | $497,308 |
$600k-1000k | 5 | $3,175,000 | $635,000 |
$Over $1MM | 2 | $7,140,000 | $3,570,000 |
Yankton's loan sizing saw the bucket of loans from $100k-200k with 167 originations, totaling $25,285,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 176 | $37,720,000 | $214,318 |
60-80% | 108 | $24,340,000 | $225,370 |
40-60% | 45 | $8,275,000 | $183,889 |
20-40% | 29 | $8,485,000 | $292,586 |
Under 20% | 25 | $1,145,000 | $45,800 |
Over 100% | 4 | $1,080,000 | $270,000 |
Yankton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 176 originations, totaling $37,720,000 in origination value.