Yankton Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Yankton averaged 6.66% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 6.8% and one month ago for the week of 2024-03-07, the average rate was 6.66%.

Yankton's average rate one year ago was 6.36%.

For refis of the same type during the week of 2024-04-11, the average rate was 7.38%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Yankton 30 Year Fixed Rate 2024-04-11 6.66%
Yankton 30 Year Fixed Rate Refi 2024-04-11 7.38%
Yankton 15 Year Fixed Rate 2024-04-11 6.16%
Yankton 15 Year Fixed Rate Refi 2024-04-11 6.06%
Yankton 30 Year FHA 2024-04-11 6.64%
Yankton 30 Year FHA Refi 2024-04-11 6.64%
Yankton 30 Year USDA 2024-04-11 6.71%
Yankton 30 Year USDA Refi 2024-04-11 6.61%
Yankton 30 Year VA 2024-04-11 6.67%
Yankton 30 Year VA Refi 2024-04-11 6.57%
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 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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
First Dakota National Bank 47 6.49% $2,659
CORTRUST MORTGAGE, INC. 12 6.69% $4,402
CU MORTGAGE DIRECT, LLC 7 6.25% $3,778
Plains Commerce Bank 6 6.69% $4,120
First National Bank of Omaha 6 6.58% $4,132
QUICKEN LOANS, LLC 6 6.83% $4,659
CROSSCOUNTRY MORTGAGE, LLC 4 7.62% $7,377
NAVY FEDERAL CREDIT UNION 3 8.17% $3,899
GUARANTEED RATE, INC. 3 7.38% $4,769
Wells Fargo Bank 3 6.17% $3,903
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.50% $3,067
Farm Credit Mid-America, ACA 2 7.19% $7,572
U.S. Bank 1 6.13% $2,840
American Bank & Trust 1 6.25% $2,197
West Gate Bank 1 6.38% $2,039
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $9,065
AMERISAVE MORTGAGE CORPORATION 1 5.38% $7,021
BANKWEST, INC. 1 6.63% $5,367
BAY EQUITY LLC 1 6.38% $3,030
CHURCHILL MORTGAGE CORPORATION 1 6.75% $4,827
First Bank & Trust 1 4.88% $4,077
First International Bank & Trust 1 6.38% $5,629
First Interstate Bank 1 7.13% $3,272
NEWREZ LLC 1 6.63% $6,344
PENNYMAC LOAN SERVICES, LLC 1 6.00% $3,647
UNITED WHOLESALE MORTGAGE, LLC 1 6.50% $5,801

Yankton Average Closing Costs & Other Stats

Yankton, SD's 26 lenders originated 294 loans during 2023. The total origination value was $67,050,000, with an average loan value of $228,061.

Yankton's average closing costs are $4,102.

The top Yankton lender as defined by loan originations is First Dakota National Bank, with 47 loans originated. Their average total fees are $2,659, which is $1,743 lower than the next largest lender, CORTRUST MORTGAGE, INC..

The lowest fee Yankton lenders (with over 10 loans originated) are First Dakota National Bank ($2,659), CORTRUST MORTGAGE, INC. ($4,402), .

The lowest rate Yankton lenders (with over 10 loans originated) are First Dakota National Bank (6.49%), CORTRUST MORTGAGE, INC. (6.69%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
First Dakota National Bank $25,625,000 $19,430,000 -24.2% 29.0%
American Bank & Trust $310,000 $5,030,000 1,522.6% 7.5%
First National Bank of Omaha $5,895,000 $3,675,000 -37.7% 5.5%
Minnwest Bank $3,005,000 n/a 4.5%
QUICKEN LOANS, LLC $4,560,000 $2,920,000 -36.0% 4.4%
CorTrust Bank $1,765,000 $2,810,000 59.2% 4.2%
CROSSCOUNTRY MORTGAGE, LLC $1,785,000 $2,780,000 55.7% 4.1%
CORTRUST MORTGAGE, INC. $5,185,000 $2,770,000 -46.6% 4.1%
Plains Commerce Bank $2,420,000 $2,525,000 4.3% 3.8%
First International Bank & Trust $4,485,000 $2,500,000 -44.3% 3.7%
CU MORTGAGE DIRECT, LLC $2,595,000 $1,810,000 -30.3% 2.7%
Farm Credit Mid-America, ACA $660,000 $1,760,000 166.7% 2.6%
Mortgage Research Center, LLC $1,085,000 $1,450,000 33.6% 2.2%
NAVY FEDERAL CREDIT UNION $680,000 $1,285,000 89.0% 1.9%
GUARANTEED RATE, INC. $690,000 $1,270,000 84.1% 1.9%
PENNYMAC LOAN SERVICES, LLC $665,000 $1,245,000 87.2% 1.9%
American State Bank $335,000 $725,000 116.4% 1.1%
First Interstate Bank $2,605,000 $715,000 -72.6% 1.1%
Security National Bank of South Dakota $700,000 n/a 1.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $630,000 $595,000 -5.6% 0.9%
VERIDIAN CREDIT UNION $205,000 $475,000 131.7% 0.7%
Wells Fargo Bank $2,245,000 $465,000 -79.3% 0.7%
FREEDOM MORTGAGE CORPORATION $465,000 $415,000 -10.8% 0.6%
Primebank $75,000 $405,000 440.0% 0.6%
Gateway First Bank $365,000 n/a 0.5%
U.S. Bank $970,000 $365,000 -62.4% 0.5%
First Bank & Trust $545,000 $345,000 -36.7% 0.5%
NEWREZ LLC $145,000 $345,000 137.9% 0.5%
POLARIS HOME FUNDING CORP. $345,000 n/a 0.5%
West Gate Bank $945,000 $345,000 -63.5% 0.5%
AMERISAVE MORTGAGE CORPORATION $795,000 $320,000 -59.7% 0.5%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $315,000 n/a 0.5%
TRIAD FINANCIAL SERVICES, INC. $265,000 $290,000 9.4% 0.4%
BANKWEST, INC. $375,000 $280,000 -25.3% 0.4%
Dacotah Bank $105,000 $275,000 161.9% 0.4%
CHURCHILL MORTGAGE CORPORATION $235,000 n/a 0.4%
UNITED WHOLESALE MORTGAGE, LLC $235,000 n/a 0.4%
NEW DAY FINANCIAL, LLC $165,000 $205,000 24.2% 0.3%
Northwest Bank $140,000 $195,000 39.3% 0.3%
BAY EQUITY LLC $165,000 n/a 0.2%
BMO Harris Bank $165,000 n/a 0.2%
Centier Bank $165,000 n/a 0.2%
PLANET HOME LENDING, LLC $165,000 n/a 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $155,000 n/a 0.2%
First PREMIER Bank $1,275,000 $155,000 -87.8% 0.2%
Discover Bank $110,000 $150,000 36.4% 0.2%
First Savings Bank $135,000 n/a 0.2%
Premier Bank $105,000 n/a 0.2%
21ST MORTGAGE CORPORATION $95,000 $85,000 -10.5% 0.1%
FirstBank of Nebraska $85,000 n/a 0.1%
Figure Lending LLC $75,000 n/a 0.1%
Coastal Community Bank $70,000 n/a 0.1%
FOUR POINTS $65,000 n/a 0.1%
QUORUM FEDERAL CREDIT UNION $55,000 n/a 0.1%
Citizens Bank $35,000 n/a 0.1%

Yankton's top lender by overall market share is First Dakota National Bank, with 29.0% market share. In second place, with 7.5%, is American Bank & Trust, having originated $5,030,000 in loans. In third place, with 5.5%, is First National Bank of Omaha, having originated $3,675,000 in loans. In fourth place, with 4.5%, is Minnwest Bank, having originated $3,005,000 in loans. In fifth place, with 4.4%, is QUICKEN LOANS, LLC, having originated $2,920,000 in loans.


Yankton Housing Market Trends (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 $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 $197,286 (-0.3%) $235,893 (-0.1%) 0.00 72
2019-04-01 $201,461 (-8.0%) $234,843 (-4.0%) 0.00 72
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 $198,409 (12.2%) $214,907 (-1.5%) 0.00 92
2019-09-01 $196,323 (9.1%) $212,904 (-0.3%) 0.00 93
2019-10-01 $197,207 (-1.9%) $214,131 (-6.4%) 0.00 90
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 (-6.6%) 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 $288,325 (57.8%) $365,018 (62.2%) 0.00 19
2021-12-01 $237,425 (39.5%) $356,409 (71.7%) 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 $131,950 (-26.7%) $258,290 (7.6%) 0.00 23
2022-04-01 $179,900 (-0.4%) $305,300 (40.6%) 0.00 18
2022-05-01 $189,750 (3.5%) $318,422 (41.9%) 0.00 21
2022-06-01 $237,425 (21.8%) $324,045 (34.1%) 0.00 21
2022-07-01 $264,900 (45.4%) $321,520 (25.7%) 0.00 29
2022-08-01 $273,676 (50.0%) $354,130 (24.1%) 0.00 33
2022-09-01 $284,475 (46.1%) $409,461 (51.9%) 0.00 27
2022-10-01 $239,000 (19.6%) $395,884 (19.4%) 0.00 23
2022-11-01 $279,950 (-2.9%) $376,170 (3.1%) 0.00 19
2022-12-01 $279,950 (17.9%) $372,304 (4.5%) 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 (104.6%) $288,928 (11.9%) 0.00 15
2023-04-01 $369,950 (105.6%) $406,807 (33.3%) 0.00 17
2023-05-01 $351,500 (85.2%) $443,371 (39.2%) 0.00 24
2023-06-01 $311,175 (31.1%) $404,638 (24.9%) 0.00 23
2023-07-01 $319,800 (20.7%) $393,976 (22.5%) 0.00 25
2023-08-01 $324,400 (18.5%) $415,322 (17.3%) 0.00 27
2023-09-01 $320,000 (12.5%) $392,218 (-4.2%) 0.00 28
2023-10-01 $312,400 (30.7%) $341,765 (-13.7%) 0.00 29
2023-11-01 $332,500 (18.8%) $395,142 (5.0%) 0.00 26
2023-12-01 $317,400 (13.4%) $343,832 (-7.7%) 0.00 31
2024-01-01 $308,700 (26.1%) $340,861 (-7.3%) 0.00 31
2024-02-01 $327,500 (42.5%) $473,519 (31.5%) 0.00 30
2024-03-01 $330,000 (22.3%) $483,457 (67.3%) 0.00 29
Yankton's median listing price for 2024-03-01 was $330,000, a difference of $60,100 (22.3%) versus the prior year and $2,500 versus the prior month.

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

Yankton's average listing price for 2024-03-01 was $483,457, a difference of $194,529 (67.3%) versus the prior year and $9,938 versus the prior month.

For the 2024-03-01 period, Yankton had 29 MLS listings, a difference of -1 listings (-3%) versus the prior month and 14 listings (93%) 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 1,720 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 1,758 sqft
2019-09-01 0 days 1,773 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 2,225 sqft
2021-12-01 0 days 2,268 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
2023-05-01 0 days 2,166 sqft
2023-06-01 0 days 2,080 sqft
2023-07-01 0 days 2,036 sqft
2023-08-01 0 days 2,030 sqft
2023-09-01 0 days 2,117 sqft
2023-10-01 0 days 2,081 sqft
2023-11-01 0 days 2,194 sqft
2023-12-01 0 days 1,779 sqft
2024-01-01 0 days 1,793 sqft
2024-02-01 0 days 1,864 sqft
2024-03-01 0 days 2,008 sqft
Yankton's median listing age (time on market) for 2024-03-01 was 0 days.

Yankton's median square footage for active listings during the 2024-03-01 period was 2,008 sqft. One year prior, the average listing was 1,794 sqft.

Yankton, SD Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 193 $50,145,000 $259,819
Cash Out Refi 36 $5,150,000 $143,056
Refi 31 $9,125,000 $294,355
Home Improvement 21 $1,205,000 $57,381
Other 13 $1,425,000 $109,615

Yankton's most frequently cited loan purpose was Home Purchase, with 193 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 103 $26,275,000 $255,097
7-8% 70 $13,450,000 $192,143
5-6% 54 $14,610,000 $270,556
Over 8% 39 $3,445,000 $88,333
4-5% 3 $485,000 $161,667
3-4% 2 $4,950,000 $2,475,000

During 2023, Yankton's most frequently originated rate bucket was 6-7%, with 103 originations.

Loan Sizing (Yankton, SD MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 109 $29,815,000 $273,532
$100k-200k 92 $14,040,000 $152,609
$100,000 or less 72 $4,080,000 $56,667
$400k-600k 14 $6,650,000 $475,000
$600k-1000k 4 $2,980,000 $745,000
$Over $1MM 3 $9,485,000 $3,161,667

Yankton's loan sizing saw the bucket of loans from $200k-400k with 109 originations, totaling $29,815,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 119 $28,465,000 $239,202
60-80% 67 $17,935,000 $267,687
20-40% 34 $4,020,000 $118,235
40-60% 27 $10,815,000 $400,556
Under 20% 20 $880,000 $44,000
Over 100% 3 $1,035,000 $345,000

Yankton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 119 originations, totaling $28,465,000 in origination value.