Grants Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Grants averaged 6.99% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

The average rate for the prior week (2023-09-14) was 6.98% and one month ago for the week of 2023-08-17, the average rate was 7.29%.

Grants's average rate one year ago was 6.12%.

For refis of the same type during the week of 2023-09-21, the average rate was 7.39%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-21 7.19%
Grants 30 Year Fixed Rate 2023-09-21 6.99%
Grants 30 Year Fixed Rate Refi 2023-09-21 7.39%
Grants 15 Year Fixed Rate 2023-09-21 6.64%
Grants 15 Year Fixed Rate Refi 2023-09-21 6.44%
Grants 30 Year FHA 2023-09-21 6.84%
Grants 30 Year FHA Refi 2023-09-21 7.04%
Grants 30 Year USDA 2023-09-21 7.12%
Grants 30 Year USDA Refi 2023-09-21 6.92%
Grants 30 Year VA 2023-09-21 6.92%
Grants 30 Year VA Refi 2023-09-21 6.72%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Grants, NM.

Grants 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 Grants, NM 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Wells Fargo Bank 6 4.73% $4,786
CMG MORTGAGE, INC. 5 5.28% $4,322
QUICKEN LOANS, LLC 5 4.30% $4,830
FINANCE OF AMERICA MORTGAGE LLC 2 6.69% $4,625
CALCON MUTUAL MORTGAGE LLC 2 5.75% $3,654
DAS Acquisition Company, LLC 1 6.88% $5,944
21ST MORTGAGE CORPORATION 1 6.80% $6,769
LEGACY MORTGAGE LLC 1 7.13% $7,131
LOANDEPOT.COM, LLC 1 4.38% $6,031
MORIA DEVELOPMENT, INC. 1 4.38% $4,045
MOUNTAIN AMERICA 1 3.25% $3,600
NETWORK CAPITAL FUNDING CORPORATION 1 4.38% $4,286
NFM, INC. 1 5.88% $4,520
NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.75% $6,945
LEADERONE FINANCIAL CORPORATION 1 3.25% $5,570
ACADEMY MORTGAGE CORPORATION 1 4.25% $4,189
Bank of America 1 3.75% $3,324
BOKF 1 7.00% $5,057
CHURCHILL MORTGAGE CORPORATION 1 5.99% $1,941

Grants Average Closing Costs & Other Stats

Grants, NM's 19 lenders originated 168 loans during 2022. The total origination value was $22,250,000, with an average loan value of $132,440.

Grants's average closing costs are $4,947.

The top Grants lender as defined by loan originations is Wells Fargo Bank, with 6 loans originated. Their average total fees are $4,786, which is $464 higher than the next largest lender, CMG MORTGAGE, INC..

The lowest fee Grants lenders (with over 10 loans originated) are .

The lowest rate Grants lenders (with over 10 loans originated) are .

Grants, NM 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
QUICKEN LOANS, LLC $3,225,000 $2,615,000 -18.9% 11.8%
CMG MORTGAGE, INC. $4,625,000 $2,415,000 -47.8% 10.9%
21ST MORTGAGE CORPORATION $3,390,000 $2,060,000 -39.2% 9.3%
Citizens Bank of Las Cruces $1,705,000 n/a 7.7%
Wells Fargo Bank $435,000 $1,040,000 139.1% 4.7%
FINANCE OF AMERICA MORTGAGE LLC $1,000,000 $800,000 -20.0% 3.6%
CALCON MUTUAL MORTGAGE LLC $2,425,000 $735,000 -69.7% 3.3%
Waterstone Mortgage Corporation $505,000 $735,000 45.5% 3.3%
Mortgage Research Center, LLC $720,000 $645,000 -10.4% 2.9%
TRIAD FINANCIAL SERVICES, INC. $225,000 $605,000 168.9% 2.7%
U.S. Bank $695,000 $600,000 -13.7% 2.7%
VANDERBILT MORTGAGE AND FINANCE, INC. $365,000 $550,000 50.7% 2.5%
USAA Federal Savings Bank $450,000 $530,000 17.8% 2.4%
MUTUAL OF OMAHA MORTGAGE, INC. $420,000 n/a 1.9%
Nations Lending Corporation $290,000 $375,000 29.3% 1.7%
Barrington Bank & Trust Company, N.A. $340,000 n/a 1.5%
MOUNTAIN AMERICA $45,000 $330,000 633.3% 1.5%
Plains Commerce Bank $295,000 n/a 1.3%
Equity Prime Mortgage LLC $285,000 n/a 1.3%
ACADEMY MORTGAGE CORPORATION $795,000 $275,000 -65.4% 1.2%
DAS Acquisition Company, LLC $275,000 n/a 1.2%
Bank of America $370,000 $270,000 -27.0% 1.2%
FREEDOM MORTGAGE CORPORATION $405,000 $265,000 -34.6% 1.2%
LOANDEPOT.COM, LLC $565,000 $260,000 -54.0% 1.2%
UNITED WHOLESALE MORTGAGE, LLC $105,000 $235,000 123.8% 1.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $215,000 n/a 1.0%
UNION HOME MORTGAGE CORP. $195,000 n/a 0.9%
DHI MORTGAGE COMPANY, LTD. $155,000 n/a 0.7%
JPMorgan Chase Bank $290,000 $155,000 -46.6% 0.7%
LEADERONE FINANCIAL CORPORATION $155,000 n/a 0.7%
LEGACY MORTGAGE LLC $410,000 $145,000 -64.6% 0.7%
SOUTHWEST STAGE FUNDING, LLC $135,000 n/a 0.6%
COUNTRYPLACE MORTGAGE, LTD. $125,000 n/a 0.6%
LAKEVIEW LOAN SERVICING, LLC $430,000 $125,000 -70.9% 0.6%
MID AMERICA MORTGAGE, INC. $340,000 $125,000 -63.2% 0.6%
MORTGAGE SOLUTIONS OF COLORADO, LLC $125,000 n/a 0.6%
NEWREZ LLC $315,000 $125,000 -60.3% 0.6%
NOVA FINANCIAL & INVESTMENT CORPORATION $125,000 n/a 0.6%
RIO GRANDE $125,000 n/a 0.6%
ROYAL UNITED MORTGAGE LLC $125,000 n/a 0.6%
Servion, Inc. $125,000 n/a 0.6%
CREDIT HUMAN FEDERAL CREDIT UNION $115,000 n/a 0.5%
FINANCE OF AMERICA REVERSE LLC $65,000 $115,000 76.9% 0.5%
First Financial Credit Union $115,000 n/a 0.5%
MORIA DEVELOPMENT, INC. $105,000 n/a 0.5%
BOKF $275,000 $100,000 -63.6% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $295,000 $95,000 -67.8% 0.4%
NETWORK CAPITAL FUNDING CORPORATION $95,000 n/a 0.4%
TBK BANK, SSB $65,000 $95,000 46.2% 0.4%
Carrington Mortgage Services, LLC $250,000 $85,000 -66.0% 0.4%
U.S. EAGLE $340,000 $85,000 -75.0% 0.4%
PRIMARY RESIDENTIAL MORTGAGE, INC. $650,000 $75,000 -88.5% 0.3%
CHURCHILL MORTGAGE CORPORATION $65,000 n/a 0.3%
NFM, INC. $65,000 n/a 0.3%
NUSENDA $680,000 $55,000 -91.9% 0.2%
Kirtland Federal Credit Union $225,000 $45,000 -80.0% 0.2%

Grants's top lender by overall market share is QUICKEN LOANS, LLC, with 11.8% market share. In second place, with 10.9%, is CMG MORTGAGE, INC., having originated $2,415,000 in loans. In third place, with 9.3%, is 21ST MORTGAGE CORPORATION, having originated $2,060,000 in loans. In fourth place, with 7.7%, is Citizens Bank of Las Cruces, having originated $1,705,000 in loans. In fifth place, with 4.7%, is Wells Fargo Bank, having originated $1,040,000 in loans.


Grants Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Grants (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 $114,900 (-8.0%) $145,285 (-1.7%) 0.00 70
2018-02-01 $119,975 (0.9%) $152,122 (5.4%) 0.00 64
2018-03-01 $117,450 (-6.0%) $146,825 (1.2%) 0.00 65
2018-04-01 $114,900 (-6.2%) $143,333 (-0.4%) 0.00 70
2018-05-01 $116,225 (-3.1%) $142,794 (1.4%) 0.00 65
2018-06-01 $110,000 (-11.9%) $140,956 (-1.4%) 0.00 59
2018-07-01 $99,500 (-18.7%) $129,249 (-11.3%) 0.00 62
2018-08-01 $99,000 (-18.3%) $133,152 (-10.3%) 0.00 64
2018-09-01 $103,000 (-14.2%) $142,586 (-5.4%) 0.00 61
2018-10-01 $108,250 (-7.8%) $146,543 (-2.7%) 0.00 58
2018-11-01 $102,225 (-6.0%) $157,381 (11.8%) 0.00 64
2018-12-01 $99,900 (-13.1%) $159,345 (8.8%) 0.00 59
2019-01-01 $98,750 (-14.1%) $159,650 (9.9%) 0.00 56
2019-02-01 $106,000 (-11.7%) $164,111 (7.9%) 0.00 55
2019-03-01 $108,143 (-7.9%) $162,725 (10.8%) 0.00 56
2019-04-01 $100,143 (-12.8%) $160,998 (12.3%) 0.00 57
2019-05-01 $131,625 (13.3%) $1,113,637 (679.9%) 0.00 56
2019-06-01 $144,700 (31.6%) $196,895 (39.7%) 0.00 61
2019-07-01 $149,975 (50.7%) $195,570 (51.3%) 0.00 63
2019-08-01 $147,064 (48.6%) $191,188 (43.6%) 0.00 63
2019-09-01 $142,809 (38.7%) $184,790 (29.6%) 0.00 61
2019-10-01 $137,250 (26.8%) $182,793 (24.7%) 0.00 57
2019-11-01 $139,500 (36.5%) $193,328 (22.8%) 0.00 52
2019-12-01 $139,500 (39.6%) $194,410 (22.0%) 0.00 52
2020-01-01 $141,475 (43.3%) $200,129 (25.4%) 0.00 54
2020-02-01 $136,250 (28.5%) $199,986 (21.9%) 0.00 51
2020-03-01 $139,750 (29.2%) $200,950 (23.5%) 0.00 52
2020-04-01 $144,900 (44.7%) $202,514 (25.8%) 0.00 50
2020-05-01 $154,500 (17.4%) $207,286 (-81.4%) 0.00 48
2020-06-01 $153,975 (6.4%) $203,094 (3.2%) 0.00 34
2020-07-01 $173,250 (15.5%) $227,833 (16.5%) 0.00 35
2020-08-01 $159,900 (8.7%) $212,146 (11.0%) 0.00 35
2020-09-01 $168,500 (18.0%) $201,328 (9.0%) 0.00 42
2020-10-01 $162,450 (18.4%) $186,960 (2.3%) 0.00 43
2020-11-01 $167,475 (20.1%) $208,907 (8.1%) 0.00 45
2020-12-01 $146,750 (5.2%) $204,538 (5.2%) 0.00 42
2021-01-01 $149,500 (5.7%) $209,962 (4.9%) 0.00 37
2021-02-01 $135,800 (-0.3%) $204,986 (2.5%) 0.00 31
2021-03-01 $146,250 (4.7%) $213,824 (6.4%) 0.00 28
2021-04-01 $152,500 (5.2%) $231,522 (14.3%) 0.00 23
2021-05-01 $140,000 (-9.4%) $224,617 (8.4%) 0.00 22
2021-06-01 $131,175 (-14.8%) $210,636 (3.7%) 0.00 26
2021-07-01 $118,000 (-31.9%) $201,359 (-11.6%) 0.00 21
2021-08-01 $126,150 (-21.1%) $203,002 (-4.3%) 0.00 22
2021-09-01 $139,000 (-17.5%) $210,566 (4.6%) 0.00 21
2021-10-01 $144,000 (-11.4%) $216,618 (15.9%) 0.00 29
2021-11-01 $138,750 (-17.2%) $200,767 (-3.9%) 0.00 30
2021-12-01 $135,450 (-7.7%) $205,233 (0.3%) 0.00 25
2022-01-01 $135,000 (-9.7%) $203,313 (-3.2%) 0.00 28
2022-02-01 $138,500 (2.0%) $208,290 (1.6%) 0.00 26
2022-03-01 $131,250 (-10.3%) $194,545 (-9.0%) 0.00 25
2022-04-01 $133,500 (-12.5%) $191,778 (-17.2%) 0.00 22
2022-05-01 $134,675 (-3.8%) $225,582 (0.4%) 0.00 24
2022-06-01 $150,500 (14.7%) $251,421 (19.4%) 0.00 25
2022-07-01 $170,000 (44.1%) $257,659 (28.0%) 0.00 29
2022-08-01 $171,250 (35.8%) $250,058 (23.2%) 0.00 35
2022-09-01 $165,000 (18.7%) $241,026 (14.5%) 0.00 32
2022-10-01 $165,000 (14.6%) $236,571 (9.2%) 0.00 36
2022-11-01 $161,250 (16.2%) $240,012 (19.6%) 0.00 32
2022-12-01 $185,000 (36.6%) $255,123 (24.3%) 0.00 28
2023-01-01 $195,000 (44.4%) $257,677 (26.7%) 0.00 28
2023-02-01 $195,000 (40.8%) $265,864 (27.6%) 0.00 24
2023-03-01 $206,250 (57.1%) $291,191 (49.7%) 0.00 22
2023-04-01 $212,500 (59.2%) $299,415 (56.1%) 0.00 21
2023-05-01 $156,875 (16.5%) $221,655 (-1.7%) 0.00 19
2023-06-01 $160,625 (6.7%) $212,517 (-15.5%) 0.00 19
2023-07-01 $169,000 (-0.6%) $228,728 (-11.2%) 0.00 22
2023-08-01 $176,750 (3.2%) $228,306 (-8.7%) 0.00 24
Grants's median listing price for 2023-08-01 was $176,750, a difference of $5,500 (3.2%) versus the prior year and $7,750 versus the prior month.

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

Grants's average listing price for 2023-08-01 was $228,306, a difference of $-21,752 (-8.7%) versus the prior year and $-422 versus the prior month.

For the 2023-08-01 period, Grants had 24 MLS listings, a difference of 2 listings (9%) versus the prior month and -11 listings (-31%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Grants (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,684 sqft
2018-02-01 0 days 1,748 sqft
2018-03-01 0 days 1,688 sqft
2018-04-01 0 days 1,630 sqft
2018-05-01 0 days 1,519 sqft
2018-06-01 0 days 1,557 sqft
2018-07-01 0 days 1,441 sqft
2018-08-01 0 days 1,446 sqft
2018-09-01 0 days 1,484 sqft
2018-10-01 0 days 1,490 sqft
2018-11-01 0 days 1,494 sqft
2018-12-01 0 days 1,492 sqft
2019-01-01 0 days 1,500 sqft
2019-02-01 0 days 1,640 sqft
2019-03-01 0 days 1,580 sqft
2019-04-01 0 days 1,510 sqft
2019-05-01 0 days 1,639 sqft
2019-06-01 0 days 1,640 sqft
2019-07-01 0 days 1,653 sqft
2019-08-01 0 days 1,650 sqft
2019-09-01 0 days 1,621 sqft
2019-10-01 0 days 1,600 sqft
2019-11-01 0 days 1,680 sqft
2019-12-01 0 days 1,726 sqft
2020-01-01 0 days 1,803 sqft
2020-02-01 0 days 1,718 sqft
2020-03-01 0 days 1,815 sqft
2020-04-01 0 days 1,826 sqft
2020-05-01 0 days 1,876 sqft
2020-06-01 0 days 1,894 sqft
2020-07-01 0 days 1,928 sqft
2020-08-01 0 days 1,850 sqft
2020-09-01 0 days 1,812 sqft
2020-10-01 0 days 1,850 sqft
2020-11-01 0 days 1,794 sqft
2020-12-01 0 days 1,769 sqft
2021-01-01 0 days 1,766 sqft
2021-02-01 0 days 1,683 sqft
2021-03-01 0 days 1,785 sqft
2021-04-01 0 days 2,019 sqft
2021-05-01 0 days 1,830 sqft
2021-06-01 0 days 1,835 sqft
2021-07-01 0 days 1,835 sqft
2021-08-01 0 days 1,755 sqft
2021-09-01 0 days 1,600 sqft
2021-10-01 0 days 1,546 sqft
2021-11-01 0 days 1,506 sqft
2021-12-01 0 days 1,568 sqft
2022-01-01 0 days 1,366 sqft
2022-02-01 0 days 1,515 sqft
2022-03-01 0 days 1,316 sqft
2022-04-01 0 days 1,352 sqft
2022-05-01 0 days 1,356 sqft
2022-06-01 0 days 1,425 sqft
2022-07-01 0 days 1,544 sqft
2022-08-01 0 days 1,659 sqft
2022-09-01 0 days 1,565 sqft
2022-10-01 0 days 1,700 sqft
2022-11-01 0 days 1,741 sqft
2022-12-01 0 days 1,747 sqft
2023-01-01 0 days 1,754 sqft
2023-02-01 0 days 1,726 sqft
2023-03-01 0 days 1,726 sqft
2023-04-01 0 days 1,700 sqft
2023-05-01 0 days 1,354 sqft
2023-06-01 0 days 1,408 sqft
2023-07-01 0 days 1,655 sqft
2023-08-01 0 days 1,528 sqft
Grants's median listing age (time on market) for 2023-08-01 was 0 days.

Grants's median square footage for active listings during the 2023-08-01 period was 1,528 sqft. One year prior, the average listing was 1,659 sqft.

Grants, NM Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 126 $15,500,000 $123,016
Cash Out Refi 18 $2,450,000 $136,111
Refi 13 $2,935,000 $225,769
Home Improvement 6 $510,000 $85,000
Other 5 $855,000 $171,000

Grants's most frequently cited loan purpose was Home Purchase, with 126 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
4-5% 35 $5,225,000 $149,286
5-6% 31 $5,645,000 $182,097
3-4% 26 $4,340,000 $166,923
7-8% 24 $2,000,000 $83,333
6-7% 22 $2,570,000 $116,818
Over 8% 20 $1,460,000 $73,000
2.5-3% 4 $420,000 $105,000
<2.5% 2 $280,000 $140,000

During 2022, Grants's most frequently originated rate bucket was 4-5%, with 35 originations.

Loan Sizing (Grants, NM MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 74 $4,020,000 $54,324
$100k-200k 66 $9,310,000 $141,061
$200k-400k 26 $6,670,000 $256,538
$400k-600k 1 $545,000 $545,000
$Over $1MM 1 $1,705,000 $1,705,000

Grants's loan sizing saw the bucket of loans from $100,000 or less with 74 originations, totaling $4,020,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 82 $12,380,000 $150,976
60-80% 36 $6,420,000 $178,333
Under 20% 10 $100,000 $10,000
40-60% 8 $910,000 $113,750
20-40% 7 $425,000 $60,714
Over 100% 6 $1,150,000 $191,667

Grants's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 82 originations, totaling $12,380,000 in origination value.