Manufacturers and Traders Trust Company closing costs and rates (2024)
In 2024, Manufacturers and Traders Trust Company originated 5,243 purchase mortgages at a median interest rate of 6.38% and median total closing costs of $5,073. That ranks #94 nationally by origination volume. For total closing costs among lenders with 500+ originations, Manufacturers and Traders Trust Company ranks #203. That is $1,668 below the national median of $6,741. Manufacturers and Traders Trust Company is most active in New York with 1,930 originations there.
Purchase Originations
5,243
Ranked #94 nationally
Median Total Costs
$5,073
−24.7% vs national ($6,741)
Median Rate
6.375%
−3.7% vs national (6.620%)
Median Origination
$1,250
Median Lender Credits
$1,480
Cost Rank (500+ vol.)
#203
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 4,051 | 6.500% | $4,954 | $1,250 |
| fha | 767 | 6.125% | $7,810 | $1,424 |
| va | 419 | 2.990% | $2,854 | $300 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 1,930 | 6.500% | $4,631 | #10 |
| Massachusetts | 555 | 6.250% | $5,374 | #14 |
| Maryland | 512 | 6.250% | $5,836 | #30 |
| Pennsylvania | 437 | 6.500% | $5,651 | #49 |
| New Jersey | 388 | 6.375% | $6,222 | #41 |
| Virginia | 361 | 6.250% | $5,343 | #55 |
| Connecticut | 168 | 6.375% | $5,283 | #34 |
| Florida | 100 | 5.875% | $4,567 | #247 |
| Texas | 77 | 3.125% | $2,315 | #306 |
| District of Columbia | 72 | 6.250% | $6,725 | #20 |
| Delaware | 70 | 6.500% | $5,483 | #38 |
| Vermont | 63 | 6.500% | $4,659 | #16 |
| North Carolina | 49 | 6.125% | $4,154 | — |
| California | 46 | 3.312% | $3,858 | — |
| New Hampshire | 43 | 6.625% | $3,970 | — |
| Colorado | 40 | 2.812% | $3,008 | — |
| Arizona | 31 | 2.990% | $2,130 | — |
| South Carolina | 26 | 6.125% | $4,549 | — |
| Washington | 26 | 2.995% | $2,767 | — |
| Tennessee | 23 | 3.250% | $2,664 | — |
| Georgia | 21 | 3.750% | $3,121 | — |
| Ohio | 19 | 6.500% | $3,899 | — |
| Alabama | 17 | 3.250% | $2,028 | — |
| Maine | 15 | 6.500% | $4,024 | — |
| Illinois | 14 | 4.938% | $3,514 | — |
| Missouri | 12 | 3.188% | $2,258 | — |
| Utah | 11 | 2.500% | $2,088 | — |
| Hawaii | 10 | 2.812% | $3,843 | — |
| Indiana | 9 | 5.000% | $2,130 | — |
| West Virginia | 9 | 6.500% | $4,654 | — |
| Kentucky | 8 | 4.938% | $2,996 | — |
| Michigan | 8 | 5.745% | $2,816 | — |
| Rhode Island | 8 | 6.000% | $4,536 | — |
| Idaho | 7 | 2.875% | $3,591 | — |
| Minnesota | 6 | 3.125% | $2,311 | — |
| Oregon | 6 | 2.559% | $2,762 | — |
| Alaska | 5 | 2.750% | $2,854 | — |
| Nevada | 5 | 5.625% | $7,629 | — |
| Wisconsin | 5 | 4.000% | $1,774 | — |
| Arkansas | 4 | 3.000% | $1,857 | — |
| New Mexico | 4 | 3.062% | $1,345 | — |
| Wyoming | 4 | 6.375% | $5,649 | — |
| Iowa | 3 | 5.625% | $3,530 | — |
| Kansas | 3 | 2.990% | $2,217 | — |
| Mississippi | 3 | 3.375% | $3,749 | — |
| Oklahoma | 3 | 6.125% | $4,472 | — |
| North Dakota | 2 | 4.470% | $5,956 | — |
| Nebraska | 2 | 2.625% | $2,277 | — |
| Louisiana | 1 | 2.990% | $2,373 | — |
| Montana | 1 | 2.250% | $432 | — |
| South Dakota | 1 | 2.250% | $892 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,891 | 6.750% | — | 61 | −$1,182 | |
| 2 | $4,205 | 6.500% | — | 90 | −$868 | |
| 3 | $4,260 | 6.500% | — | 748 | −$813 | |
| 4 | $4,311 | 6.500% | — | 118 | −$762 | |
| 5 | $4,497 | 6.500% | — | 80 | −$576 | |
| 6 | $4,588 | 6.625% | — | 51 | −$485 | |
| 7 | $4,695 | 6.500% | — | 74 | −$378 | |
| 8 | $5,168 | 6.250% | — | 191 | +$95 | |
| 9 | $5,301 | 6.000% | — | 126 | +$228 | |
| 10 | $5,374 | 6.375% | — | 60 | +$301 | |
| 11 | $5,454 | 6.125% | — | 148 | +$381 | |
| 12 | $5,541 | 6.000% | — | 87 | +$468 | |
| 13 | $5,908 | 6.375% | — | 85 | +$835 | |
| 14 | $5,983 | 6.375% | — | 51 | +$910 | |
| 15 | $6,006 | 6.250% | — | 140 | +$933 | |
| 16 | $6,068 | 6.375% | — | 83 | +$995 | |
| 17 | $6,265 | 6.500% | — | 65 | +$1,192 | |
| 18 | $6,706 | 6.375% | — | 59 | +$1,633 | |
| 19 | $6,725 | 6.250% | — | 72 | +$1,652 | |
| 20 | $7,945 | 6.125% | — | 50 | +$2,872 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.