Yankton Mortgage Rates
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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.