Yankton Mortgage Rates

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.