Borger Mortgage Rates
30 Year Fixed Rate mortgages in Borger averaged
6.23%
for the week of 2022-06-23, compared to the national average of
5.81% for the same period.
The average rate for the prior week (2022-06-16) was
6.5% and
one month ago for the week of 2022-05-19, the
average rate was 5.77%.
Borger's average rate one year ago was 3.45%.
For refis of the same type during the week of 2022-06-23, the average rate
was 6.09%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-23 | 5.81% |
Borger 30 Year Fixed Rate | 2022-06-23 | 6.23% |
Borger 30 Year Fixed Rate Refi | 2022-06-23 | 6.09% |
Borger 15 Year Fixed Rate | 2022-06-23 | 5.58% |
Borger 15 Year Fixed Rate Refi | 2022-06-23 | 5.33% |
Borger 30 Year FHA | 2022-06-23 | -0.14% |
Borger 30 Year FHA Refi | 2022-06-23 | -0.36% |
Borger 30 Year USDA | 2022-06-23 | -0.02% |
Borger 30 Year VA | 2022-06-23 | -0.05% |
Borger 30 Year VA Refi | 2022-06-23 | 0.18% |
Borger 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 Borger, TX 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.).
Borger, TX's 38 lenders originated 413
loans during 2021. The total origination value was $56,085,000, with an average loan value of
$135,799.
The top Borger lender as defined by loan originations is Amarillo National Bank, with
40 loans originated. Their average total fees are
$3,257, which is $127
lower than the next largest lender,
Happy State Bank.
The lowest fee Borger lenders (with over 10 loans originated) are
Amarillo National Bank ($3,257), Happy State Bank ($3,385), .
The lowest rate Borger lenders (with over 10 loans originated) are
Amarillo National Bank (3.53%), Happy State Bank (3.91%), .
Borger, TX 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 |
---|---|---|---|---|
Amarillo National Bank | $17,540,000 | $12,785,000 | -27.1% | 22.8% |
Happy State Bank | $7,975,000 | $7,600,000 | -4.7% | 13.6% |
QUICKEN LOANS, LLC | $6,090,000 | $6,645,000 | 9.1% | 11.8% |
AMCAP MORTGAGE, LTD. | $670,000 | $2,325,000 | 247.0% | 4.1% |
LOANDEPOT.COM, LLC | $125,000 | $1,820,000 | 1,356.0% | 3.2% |
Origin Bank | $1,785,000 | n/a | 3.2% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,120,000 | $1,165,000 | 4.0% | 2.1% |
SWBC MORTGAGE CORPORATION | $940,000 | n/a | 1.7% | |
FREEDOM MORTGAGE CORPORATION | $875,000 | $915,000 | 4.6% | 1.6% |
Wells Fargo Bank | $700,000 | $850,000 | 21.4% | 1.5% |
NEWREZ LLC | $820,000 | n/a | 1.5% | |
Truity Federal Credit Union | $530,000 | $820,000 | 54.7% | 1.5% |
ASSOCIATED MORTGAGE CORPORATION | $535,000 | $815,000 | 52.3% | 1.5% |
NATIONS RELIABLE LENDING, LLC | $315,000 | $815,000 | 158.7% | 1.5% |
Mr. Cooper ( Nationstar Mortgage ) | $815,000 | $770,000 | -5.5% | 1.4% |
PENNYMAC LOAN SERVICES, LLC | $655,000 | n/a | 1.2% | |
21ST MORTGAGE CORPORATION | $485,000 | $600,000 | 23.7% | 1.1% |
PREMIA MORTGAGE, LLC | $525,000 | $590,000 | 12.4% | 1.1% |
PLANET HOME LENDING, LLC | $165,000 | $585,000 | 254.5% | 1.0% |
BROKER SOLUTIONS, INC. | $155,000 | $535,000 | 245.2% | 1.0% |
FirstBank Southwest | $270,000 | $510,000 | 88.9% | 0.9% |
U.S. Bank | $425,000 | $475,000 | 11.8% | 0.8% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $350,000 | $455,000 | 30.0% | 0.8% |
VILLAGE CAPITAL & INVESTMENT LLC | $85,000 | $435,000 | 411.8% | 0.8% |
JPMorgan Chase Bank | $685,000 | $405,000 | -40.9% | 0.7% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $200,000 | $395,000 | 97.5% | 0.7% |
Hometown Lenders, Inc. | $360,000 | n/a | 0.6% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $350,000 | n/a | 0.6% | |
First Guaranty Mortgage Corporation | $340,000 | n/a | 0.6% | |
FIRST SERVICE Credit Union | $340,000 | n/a | 0.6% | |
AMERISAVE MORTGAGE CORPORATION | $75,000 | $335,000 | 346.7% | 0.6% |
First United Bank | $335,000 | n/a | 0.6% | |
TIB The Independent Bankersbank | $185,000 | $310,000 | 67.6% | 0.6% |
ACADEMY MORTGAGE CORPORATION | $290,000 | n/a | 0.5% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $290,000 | n/a | 0.5% | |
RANLIFE, INC. | $285,000 | n/a | 0.5% | |
USAA Federal Savings Bank | $510,000 | $280,000 | -45.1% | 0.5% |
UNITED WHOLESALE MORTGAGE, LLC | $195,000 | $270,000 | 38.5% | 0.5% |
S1L, Inc. | $255,000 | n/a | 0.5% | |
GUILD MORTGAGE COMPANY | $105,000 | $230,000 | 119.0% | 0.4% |
CROSSCOUNTRY MORTGAGE, LLC | $225,000 | n/a | 0.4% | |
Mortgage Research Center, LLC | $900,000 | $225,000 | -75.0% | 0.4% |
GENEVA FINANCIAL, LLC | $215,000 | n/a | 0.4% | |
CONTOUR MORTGAGE CORPORATION | $205,000 | n/a | 0.4% | |
GREAT WESTERN FINANCIAL SERVICES, INC. | $195,000 | $185,000 | -5.1% | 0.3% |
Herring Bank | $485,000 | $185,000 | -61.9% | 0.3% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $180,000 | n/a | 0.3% | |
Colten Mortgage, LLC | $175,000 | n/a | 0.3% | |
PNC Bank | $175,000 | n/a | 0.3% | |
The People's Federal Credit Union | $175,000 | n/a | 0.3% | |
SOUTHWEST STAGE FUNDING, LLC | $115,000 | $165,000 | 43.5% | 0.3% |
AmeriHome Mortgage Company, LLC | $155,000 | n/a | 0.3% | |
NEW DAY FINANCIAL, LLC | $265,000 | $155,000 | -41.5% | 0.3% |
AMERICAN FINANCING CORPORATION | $115,000 | $145,000 | 26.1% | 0.3% |
Austin Capital Bank SSB | $145,000 | n/a | 0.3% | |
Barrington Bank & Trust Company, N.A. | $145,000 | n/a | 0.3% | |
CHURCHILL MORTGAGE CORPORATION | $75,000 | $145,000 | 93.3% | 0.3% |
GUARANTEED RATE, INC. | $145,000 | n/a | 0.3% | |
LAKEVIEW LOAN SERVICING, LLC | $125,000 | $145,000 | 16.0% | 0.3% |
OPEN MORTGAGE, LLC | $145,000 | n/a | 0.3% | |
CALIBER HOME LOANS, INC. | $125,000 | n/a | 0.2% | |
Citizens Bank | $75,000 | $125,000 | 66.7% | 0.2% |
BOKF | $115,000 | n/a | 0.2% | |
DAS Acquisition Company, LLC | $115,000 | n/a | 0.2% | |
PILGRIM MORTGAGE LLC | $115,000 | n/a | 0.2% | |
Truist Bank | $190,000 | $115,000 | -39.5% | 0.2% |
Access Community Credit Union | $480,000 | $105,000 | -78.1% | 0.2% |
FirstCapital Bank of Texas | $15,000 | $105,000 | 600.0% | 0.2% |
MORTGAGE FINANCIAL SERVICES, LLC | $105,000 | n/a | 0.2% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $85,000 | $95,000 | 11.8% | 0.2% |
Carrington Mortgage Services, LLC | $85,000 | $85,000 | 0.0% | 0.2% |
COUNTRYPLACE MORTGAGE, LTD. | $85,000 | n/a | 0.2% | |
GULF COAST EDUCATORS FEDERAL CREDIT UNION | $85,000 | n/a | 0.2% | |
SFMC, LP | $85,000 | n/a | 0.2% | |
THRIVE MORTGAGE, LLC | $85,000 | n/a | 0.2% | |
HOMETRUST MORTGAGE COMPANY | $75,000 | n/a | 0.1% | |
Vista Bank | $75,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $105,000 | $65,000 | -38.1% | 0.1% |
AMARILLO COMMUNITY | $15,000 | $55,000 | 266.7% | 0.1% |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $55,000 | n/a | 0.1% |
Borger's top lender by overall market share is Amarillo National Bank, with 22.8% market share. In second place, with 13.6%, is Happy State Bank, having originated $7,600,000 in loans. In third place, with 11.8%, is QUICKEN LOANS, LLC, having originated $6,645,000 in loans. In third place, with 4.1%, is AMCAP MORTGAGE, LTD., having originated $2,325,000 in loans. In third place, with 3.2%, is LOANDEPOT.COM, LLC, having originated $1,820,000 in loans.
Borger, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 292 | $37,700,000 | $129,110 |
Refi | 95 | $15,275,000 | $160,789 |
Cash Out Refi | 20 | $2,890,000 | $144,500 |
Home Improvement | 5 | $215,000 | $43,000 |
Other | 1 | $5,000 | $5,000 |
Borger's most frequently cited loan purpose was Home Purchase, with 292 originations. The 2nd most popular reason was Refi, with 95 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 140 | $18,990,000 | $135,643 |
3-4% | 139 | $18,315,000 | $131,763 |
<2.5% | 67 | $9,085,000 | $135,597 |
4-5% | 25 | $6,255,000 | $250,200 |
5-6% | 16 | $1,340,000 | $83,750 |
6-7% | 8 | $810,000 | $101,250 |
7-8% | 3 | $255,000 | $85,000 |
Over 8% | 3 | $155,000 | $51,667 |
During 2021, Borger's most frequently originated rate bucket was 2.5-3%, with 140 originations.
Loan Sizing (Borger, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 186 | $26,490,000 | $142,419 |
$100,000 or less | 168 | $11,780,000 | $70,119 |
$200k-400k | 56 | $13,580,000 | $242,500 |
$Over $1MM | 2 | $3,830,000 | $1,915,000 |
$400k-600k | 1 | $405,000 | $405,000 |
Borger's loan sizing saw the bucket of loans from $100k-200k with 186 originations, totaling $26,490,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 224 | $30,880,000 | $137,857 |
60-80% | 98 | $15,850,000 | $161,735 |
40-60% | 47 | $5,095,000 | $108,404 |
20-40% | 10 | $710,000 | $71,000 |
Under 20% | 4 | $60,000 | $15,000 |
Over 100% | 3 | $395,000 | $131,667 |
Borger's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 224 originations, totaling $30,880,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Borger (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 | $87,450 (-12.6%) | $104,642 (-10.4%) | 0.00 | 84 |
2018-02-01 | $89,900 (-14.4%) | $102,400 (-17.0%) | 0.00 | 90 |
2018-03-01 | $84,000 (-29.7%) | $97,405 (-24.9%) | 0.00 | 91 |
2018-04-01 | $89,900 (-26.9%) | $101,005 (-29.0%) | 0.00 | 89 |
2018-05-01 | $89,950 (-18.6%) | $111,924 (-14.2%) | 0.00 | 92 |
2018-06-01 | $89,900 (-18.6%) | $109,095 (-14.9%) | 0.00 | 90 |
2018-07-01 | $89,900 (-10.0%) | $111,886 (-8.9%) | 0.00 | 103 |
2018-08-01 | $94,750 (-1.5%) | $112,413 (-1.8%) | 0.00 | 109 |
2018-09-01 | $94,500 (-4.1%) | $111,195 (-4.7%) | 0.00 | 110 |
2018-10-01 | $94,700 (-3.9%) | $109,495 (-3.7%) | 0.00 | 117 |
2018-11-01 | $88,500 (-2.4%) | $102,913 (-3.4%) | 0.00 | 112 |
2018-12-01 | $85,500 (0.7%) | $104,040 (1.2%) | 0.00 | 108 |
2019-01-01 | $87,000 (-0.5%) | $100,439 (-4.0%) | 0.00 | 106 |
2019-02-01 | $89,950 (0.1%) | $104,315 (1.9%) | 0.00 | 102 |
2019-03-01 | $89,943 (7.1%) | $101,194 (3.9%) | 0.00 | 106 |
2019-04-01 | $91,500 (1.8%) | $103,084 (2.1%) | 0.00 | 106 |
2019-05-01 | $94,900 (5.5%) | $109,926 (-1.8%) | 0.00 | 109 |
2019-06-01 | $94,900 (5.6%) | $110,208 (1.0%) | 0.00 | 114 |
2019-07-01 | $96,450 (7.3%) | $118,043 (5.5%) | 0.00 | 107 |
2019-08-01 | $89,143 (-5.9%) | $120,677 (7.4%) | 0.00 | 111 |
2019-09-01 | $82,893 (-12.3%) | $123,608 (11.2%) | 0.00 | 118 |
2019-10-01 | $85,250 (-10.0%) | $111,588 (1.9%) | 0.00 | 111 |
2019-11-01 | $74,900 (-15.4%) | $104,055 (1.1%) | 0.00 | 116 |
2019-12-01 | $73,700 (-13.8%) | $100,999 (-2.9%) | 0.00 | 111 |
2020-01-01 | $73,900 (-15.1%) | $94,252 (-6.2%) | 0.00 | 97 |
2020-02-01 | $72,900 (-19.0%) | $92,815 (-11.0%) | 0.00 | 93 |
2020-03-01 | $60,000 (-33.3%) | $84,751 (-16.3%) | 0.00 | 77 |
2020-04-01 | $66,950 (-26.8%) | $89,667 (-13.0%) | 0.00 | 80 |
2020-05-01 | $76,900 (-19.0%) | $98,552 (-10.4%) | 0.00 | 89 |
2020-06-01 | $81,250 (-14.4%) | $97,989 (-11.1%) | 0.00 | 83 |
2020-07-01 | $89,950 (-6.7%) | $106,859 (-9.5%) | 0.00 | 82 |
2020-08-01 | $99,500 (11.6%) | $119,103 (-1.3%) | 0.00 | 73 |
2020-09-01 | $108,950 (31.4%) | $126,170 (2.1%) | 0.00 | 67 |
2020-10-01 | $99,800 (17.1%) | $119,973 (7.5%) | 0.00 | 66 |
2020-11-01 | $101,400 (35.4%) | $121,996 (17.2%) | 0.00 | 63 |
2020-12-01 | $110,000 (49.3%) | $129,461 (28.2%) | 0.00 | 62 |
2021-01-01 | $89,900 (21.7%) | $121,389 (28.8%) | 0.00 | 57 |
2021-02-01 | $79,900 (9.6%) | $105,956 (14.2%) | 0.00 | 45 |
2021-03-01 | $79,900 (33.2%) | $99,619 (17.5%) | 0.00 | 34 |
2021-04-01 | $74,400 (11.1%) | $96,190 (7.3%) | 0.00 | 33 |
2021-05-01 | $89,900 (16.9%) | $111,977 (13.6%) | 0.00 | 32 |
2021-06-01 | $115,000 (41.5%) | $120,232 (22.7%) | 0.00 | 32 |
2021-07-01 | $105,000 (16.7%) | $119,299 (11.6%) | 0.00 | 37 |
2021-08-01 | $95,000 (-4.5%) | $118,296 (-0.7%) | 0.00 | 48 |
2021-09-01 | $118,700 (9.0%) | $141,703 (12.3%) | 0.00 | 51 |
2021-10-01 | $120,000 (20.2%) | $141,383 (17.9%) | 0.00 | 60 |
2021-11-01 | $116,500 (14.9%) | $132,383 (8.5%) | 0.00 | 58 |
2021-12-01 | $120,000 (9.1%) | $131,720 (1.8%) | 0.00 | 51 |
2022-01-01 | $125,000 (39.0%) | $141,912 (16.9%) | 0.00 | 40 |
2022-02-01 | $129,500 (62.1%) | $144,959 (36.8%) | 0.00 | 32 |
2022-03-01 | $123,250 (54.3%) | $139,009 (39.5%) | 0.00 | 32 |
2022-04-01 | $135,000 (81.5%) | $152,714 (58.8%) | 0.00 | 39 |
2022-05-01 | $135,000 (50.2%) | $138,522 (23.7%) | 0.00 | 37 |
Borger's median listing price comes in at 0% of the national average.
Borger's average listing price for 2022-05-01 was $138,522, a difference of $26,545 (23.7%) versus the prior year and $-14,192 versus the prior month.
For the 2022-05-01 period, Borger had 37 MLS listings, a difference of -2 listings (-5%) versus the prior month and 5 listings (16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Borger (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,599 sqft |
2018-02-01 | 0 days | 1,525 sqft |
2018-03-01 | 0 days | 1,504 sqft |
2018-04-01 | 0 days | 1,559 sqft |
2018-05-01 | 0 days | 1,583 sqft |
2018-06-01 | 0 days | 1,574 sqft |
2018-07-01 | 0 days | 1,574 sqft |
2018-08-01 | 0 days | 1,643 sqft |
2018-09-01 | 0 days | 1,617 sqft |
2018-10-01 | 0 days | 1,579 sqft |
2018-11-01 | 0 days | 1,575 sqft |
2018-12-01 | 0 days | 1,574 sqft |
2019-01-01 | 0 days | 1,513 sqft |
2019-02-01 | 0 days | 1,624 sqft |
2019-03-01 | 0 days | 1,526 sqft |
2019-04-01 | 0 days | 1,635 sqft |
2019-05-01 | 0 days | 1,585 sqft |
2019-06-01 | 0 days | 1,588 sqft |
2019-07-01 | 0 days | 1,582 sqft |
2019-08-01 | 0 days | 1,529 sqft |
2019-09-01 | 0 days | 1,502 sqft |
2019-10-01 | 0 days | 1,390 sqft |
2019-11-01 | 0 days | 1,379 sqft |
2019-12-01 | 0 days | 1,359 sqft |
2020-01-01 | 0 days | 1,361 sqft |
2020-02-01 | 0 days | 1,348 sqft |
2020-03-01 | 0 days | 1,348 sqft |
2020-04-01 | 0 days | 1,380 sqft |
2020-05-01 | 0 days | 1,530 sqft |
2020-06-01 | 0 days | 1,519 sqft |
2020-07-01 | 0 days | 1,504 sqft |
2020-08-01 | 0 days | 1,648 sqft |
2020-09-01 | 0 days | 1,780 sqft |
2020-10-01 | 0 days | 1,800 sqft |
2020-11-01 | 0 days | 1,722 sqft |
2020-12-01 | 0 days | 1,790 sqft |
2021-01-01 | 0 days | 1,599 sqft |
2021-02-01 | 0 days | 1,443 sqft |
2021-03-01 | 0 days | 1,384 sqft |
2021-04-01 | 0 days | 1,282 sqft |
2021-05-01 | 0 days | 1,431 sqft |
2021-06-01 | 0 days | 1,576 sqft |
2021-07-01 | 0 days | 1,457 sqft |
2021-08-01 | 0 days | 1,474 sqft |
2021-09-01 | 0 days | 1,683 sqft |
2021-10-01 | 0 days | 1,620 sqft |
2021-11-01 | 0 days | 1,528 sqft |
2021-12-01 | 0 days | 1,616 sqft |
2022-01-01 | 0 days | 1,694 sqft |
2022-02-01 | 0 days | 1,855 sqft |
2022-03-01 | 0 days | 1,596 sqft |
2022-04-01 | 0 days | 1,816 sqft |
2022-05-01 | 0 days | 1,763 sqft |
Borger's median square footage for active listings during the 2022-05-01 period was 1,763 sqft. One year prior, the average listing was 1,431 sqft.