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 6.87% for the week of 2024-03-21, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-03-14) was 6.84% and one month ago for the week of 2024-02-15, the average rate was 6.97%.

Grants's average rate one year ago was 6.8%.

For refis of the same type during the week of 2024-03-21, the average rate was 7.57%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-03-21 6.87%
Grants 30 Year Fixed Rate 2024-03-21 6.87%
Grants 30 Year Fixed Rate Refi 2024-03-21 7.57%
Grants 15 Year Fixed Rate 2024-03-21 6.11%
Grants 15 Year Fixed Rate Refi 2024-03-21 6.31%
Grants 30 Year FHA 2024-03-21 6.9%
Grants 30 Year FHA Refi 2024-03-21 6.5%
Grants 30 Year USDA 2024-03-21 6.47%
Grants 30 Year USDA Refi 2024-03-21 6.47%
Grants 30 Year VA 2024-03-21 6.54%
Grants 30 Year VA Refi 2024-03-21 6.34%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CALCON MUTUAL MORTGAGE LLC 6 6.48% $4,882
21ST MORTGAGE CORPORATION 3 8.37% $6,976
Wells Fargo Bank 3 7.38% $4,351
CMG MORTGAGE, INC. 2 6.50% $6,867
Colonial Savings, F.A. 1 6.38% $4,990
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 8.13% $12,340
Flagstar Bank, FSB 1 6.38% $3,425
GUILD MORTGAGE COMPANY 1 6.63% $6,856
MOUNTAIN AMERICA 1 7.25% $6,586
Nations Lending Corporation 1 4.99% $9,018
NUSENDA 1 6.38% $5,132
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.50% $5,549
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.13% $6,266
SUN AMERICAN MORTGAGE COMPANY 1 5.99% $17,335
UNITED WHOLESALE MORTGAGE, LLC 1 7.00% $6,015
U.S. Bank 1 8.25% $2,652
AMCAP MORTGAGE, LTD. 1 6.88% $4,340

Grants Average Closing Costs & Other Stats

Grants, NM's 17 lenders originated 114 loans during 2023. The total origination value was $15,200,000, with an average loan value of $133,333.

Grants's average closing costs are $5,093.

The top Grants lender as defined by loan originations is CALCON MUTUAL MORTGAGE LLC, with 6 loans originated. Their average total fees are $4,882, which is $2,094 lower than the next largest lender, 21ST MORTGAGE CORPORATION.

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
21ST MORTGAGE CORPORATION $2,060,000 $2,675,000 29.9% 17.6%
CMG MORTGAGE, INC. $2,415,000 $2,105,000 -12.8% 13.8%
CALCON MUTUAL MORTGAGE LLC $735,000 $1,520,000 106.8% 10.0%
SUN AMERICAN MORTGAGE COMPANY $725,000 n/a 4.8%
Mortgage Research Center, LLC $645,000 $615,000 -4.7% 4.0%
STATE EMPLOYEES $575,000 n/a 3.8%
QUICKEN LOANS, LLC $2,615,000 $555,000 -78.8% 3.7%
MASON MCDUFFIE MORTGAGE CORPORATION $470,000 n/a 3.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $550,000 $405,000 -26.4% 2.7%
Wells Fargo Bank $1,040,000 $400,000 -61.5% 2.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $365,000 n/a 2.4%
GUILD MORTGAGE COMPANY $355,000 n/a 2.3%
VAN DYK MORTGAGE CORPORATION $310,000 n/a 2.0%
UNITED WHOLESALE MORTGAGE, LLC $235,000 $305,000 29.8% 2.0%
NUSENDA $55,000 $295,000 436.4% 1.9%
PRIMARY RESIDENTIAL MORTGAGE, INC. $75,000 $280,000 273.3% 1.8%
MOUNTAIN AMERICA $330,000 $270,000 -18.2% 1.8%
AMERISAVE MORTGAGE CORPORATION $240,000 n/a 1.6%
Mr. Cooper ( Nationstar Mortgage ) $95,000 $210,000 121.1% 1.4%
Barrington Bank & Trust Company, N.A. $340,000 $205,000 -39.7% 1.3%
Flagstar Bank, FSB $185,000 n/a 1.2%
U.S. Bank $600,000 $185,000 -69.2% 1.2%
PENTAGON FEDERAL CREDIT UNION $175,000 n/a 1.2%
RELIANCE FIRST CAPITAL, LLC $175,000 n/a 1.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $125,000 $155,000 24.0% 1.0%
NAVY FEDERAL CREDIT UNION $135,000 n/a 0.9%
Carrington Mortgage Services, LLC $85,000 $125,000 47.1% 0.8%
PRIMELENDING, A PLAINSCAPITAL COMPANY $120,000 n/a 0.8%
Colonial Savings, F.A. $115,000 n/a 0.8%
AMCAP MORTGAGE, LTD. $110,000 n/a 0.7%
GUARANTEED RATE, INC. $110,000 n/a 0.7%
CREDIT HUMAN FEDERAL CREDIT UNION $115,000 $105,000 -8.7% 0.7%
Nations Lending Corporation $375,000 $105,000 -72.0% 0.7%
CORNERSTONE HOME LENDING, INC. $85,000 n/a 0.6%
First Financial Credit Union $115,000 $75,000 -34.8% 0.5%
Kirtland Federal Credit Union $45,000 $55,000 22.2% 0.4%
SANDIA AREA $55,000 n/a 0.4%
TRIAD FINANCIAL SERVICES, INC. $605,000 $50,000 -91.7% 0.3%
Bank of America $270,000 $45,000 -83.3% 0.3%
DUPACO COMMUNITY $45,000 n/a 0.3%
U.S. EAGLE $85,000 $25,000 -70.6% 0.2%

Grants's top lender by overall market share is 21ST MORTGAGE CORPORATION, with 17.6% market share. In second place, with 13.8%, is CMG MORTGAGE, INC., having originated $2,105,000 in loans. In third place, with 10.0%, is CALCON MUTUAL MORTGAGE LLC, having originated $1,520,000 in loans. In fourth place, with 4.8%, is SUN AMERICAN MORTGAGE COMPANY, having originated $725,000 in loans. In fifth place, with 4.0%, is Mortgage Research Center, LLC, having originated $615,000 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 (-8.1%) $143,654 (-2.9%) 0.00 72
2018-02-01 $119,975 (0.1%) $150,309 (3.9%) 0.00 66
2018-03-01 $119,900 (-4.1%) $146,324 (0.7%) 0.00 68
2018-04-01 $117,450 (-6.0%) $142,862 (-0.9%) 0.00 73
2018-05-01 $118,675 (-4.0%) $142,518 (1.0%) 0.00 68
2018-06-01 $110,000 (-12.0%) $140,663 (-1.7%) 0.00 62
2018-07-01 $103,475 (-17.2%) $129,504 (-11.2%) 0.00 65
2018-08-01 $104,750 (-13.6%) $134,520 (-8.5%) 0.00 66
2018-09-01 $101,450 (-15.5%) $142,511 (-4.4%) 0.00 61
2018-10-01 $104,750 (-10.8%) $144,798 (-2.7%) 0.00 59
2018-11-01 $100,675 (-7.4%) $155,641 (11.8%) 0.00 65
2018-12-01 $99,000 (-13.9%) $157,656 (8.9%) 0.00 60
2019-01-01 $98,500 (-14.3%) $157,681 (9.8%) 0.00 57
2019-02-01 $102,247 (-14.8%) $162,029 (7.8%) 0.00 56
2019-03-01 $104,693 (-12.7%) $160,699 (9.8%) 0.00 57
2019-04-01 $99,668 (-15.1%) $159,104 (11.4%) 0.00 58
2019-05-01 $128,875 (8.6%) $1,069,867 (650.7%) 0.00 58
2019-06-01 $139,500 (26.8%) $197,393 (40.3%) 0.00 64
2019-07-01 $149,925 (44.9%) $196,114 (51.4%) 0.00 66
2019-08-01 $146,736 (40.1%) $191,798 (42.6%) 0.00 67
2019-09-01 $142,666 (40.6%) $185,498 (30.2%) 0.00 65
2019-10-01 $137,250 (31.0%) $183,435 (26.7%) 0.00 61
2019-11-01 $139,700 (38.8%) $193,278 (24.2%) 0.00 56
2019-12-01 $139,600 (41.0%) $195,508 (24.0%) 0.00 55
2020-01-01 $142,200 (44.4%) $201,356 (27.7%) 0.00 56
2020-02-01 $136,250 (33.3%) $201,150 (24.1%) 0.00 53
2020-03-01 $139,750 (33.5%) $202,100 (25.8%) 0.00 54
2020-04-01 $144,900 (45.4%) $201,411 (26.6%) 0.00 52
2020-05-01 $150,000 (16.4%) $203,770 (-81.0%) 0.00 49
2020-06-01 $148,950 (6.8%) $198,270 (0.4%) 0.00 35
2020-07-01 $170,250 (13.6%) $222,814 (13.6%) 0.00 36
2020-08-01 $159,450 (8.7%) $207,485 (8.2%) 0.00 36
2020-09-01 $165,000 (15.7%) $197,504 (6.5%) 0.00 43
2020-10-01 $162,450 (18.4%) $186,960 (1.9%) 0.00 43
2020-11-01 $167,475 (19.9%) $208,907 (8.1%) 0.00 45
2020-12-01 $146,750 (5.1%) $204,538 (4.6%) 0.00 42
2021-01-01 $149,500 (5.1%) $209,962 (4.3%) 0.00 37
2021-02-01 $135,800 (-0.3%) $204,986 (1.9%) 0.00 31
2021-03-01 $146,250 (4.7%) $213,824 (5.8%) 0.00 28
2021-04-01 $152,500 (5.2%) $231,522 (15.0%) 0.00 23
2021-05-01 $140,000 (-6.7%) $271,918 (33.4%) 0.00 23
2021-06-01 $133,550 (-10.3%) $261,387 (31.8%) 0.00 27
2021-07-01 $123,950 (-27.2%) $263,474 (18.3%) 0.00 22
2021-08-01 $129,925 (-18.5%) $259,471 (25.1%) 0.00 23
2021-09-01 $137,500 (-16.7%) $216,243 (9.5%) 0.00 21
2021-10-01 $144,000 (-11.4%) $218,876 (17.1%) 0.00 29
2021-11-01 $142,500 (-14.9%) $248,560 (19.0%) 0.00 31
2021-12-01 $142,000 (-3.2%) $264,071 (29.1%) 0.00 27
2022-01-01 $142,000 (-5.0%) $253,849 (20.9%) 0.00 31
2022-02-01 $155,000 (14.1%) $274,137 (33.7%) 0.00 29
2022-03-01 $133,875 (-8.5%) $265,220 (24.0%) 0.00 28
2022-04-01 $134,000 (-12.1%) $263,596 (13.9%) 0.00 24
2022-05-01 $154,750 (10.5%) $286,245 (5.3%) 0.00 27
2022-06-01 $168,725 (26.3%) $307,739 (17.7%) 0.00 29
2022-07-01 $175,000 (41.2%) $303,954 (15.4%) 0.00 33
2022-08-01 $212,500 (63.6%) $294,359 (13.5%) 0.00 38
2022-09-01 $168,250 (22.4%) $282,689 (30.7%) 0.00 35
2022-10-01 $165,000 (14.6%) $277,177 (26.6%) 0.00 38
2022-11-01 $165,000 (15.8%) $253,042 (1.8%) 0.00 34
2022-12-01 $200,000 (40.9%) $255,993 (-3.1%) 0.00 29
2023-01-01 $195,000 (37.3%) $257,459 (1.4%) 0.00 28
2023-02-01 $195,000 (25.8%) $265,864 (-3.0%) 0.00 24
2023-03-01 $206,250 (54.1%) $291,191 (9.8%) 0.00 22
2023-04-01 $210,000 (56.7%) $249,112 (-5.5%) 0.00 21
2023-05-01 $156,250 (1.0%) $207,207 (-27.6%) 0.00 18
2023-06-01 $160,625 (-4.8%) $212,517 (-30.9%) 0.00 19
2023-07-01 $169,000 (-3.4%) $228,728 (-24.8%) 0.00 22
2023-08-01 $176,750 (-16.8%) $228,306 (-22.4%) 0.00 24
2023-09-01 $149,900 (-10.9%) $180,171 (-36.3%) 0.00 27
2023-10-01 $193,000 (17.0%) $194,125 (-30.0%) 0.00 30
2023-11-01 $204,750 (24.1%) $194,060 (-23.3%) 0.00 30
2023-12-01 $220,000 (10.0%) $204,022 (-20.3%) 0.00 32
2024-01-01 $220,000 (12.8%) $269,647 (4.7%) 0.00 30
2024-02-01 $220,000 (12.8%) $294,777 (10.9%) 0.00 26
Grants's median listing price for 2024-02-01 was $220,000, a difference of $25,000 (12.8%) versus the prior year and $0 versus the prior month.

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

Grants's average listing price for 2024-02-01 was $294,777, a difference of $28,913 (10.9%) versus the prior year and $25,130 versus the prior month.

For the 2024-02-01 period, Grants had 26 MLS listings, a difference of -4 listings (-13%) versus the prior month and 2 listings (8%) 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 1,664 sqft
2018-02-01 0 days 1,724 sqft
2018-03-01 0 days 1,682 sqft
2018-04-01 0 days 1,635 sqft
2018-05-01 0 days 1,544 sqft
2018-06-01 0 days 1,585 sqft
2018-07-01 0 days 1,452 sqft
2018-08-01 0 days 1,469 sqft
2018-09-01 0 days 1,488 sqft
2018-10-01 0 days 1,486 sqft
2018-11-01 0 days 1,490 sqft
2018-12-01 0 days 1,488 sqft
2019-01-01 0 days 1,500 sqft
2019-02-01 0 days 1,622 sqft
2019-03-01 0 days 1,580 sqft
2019-04-01 0 days 1,500 sqft
2019-05-01 0 days 1,638 sqft
2019-06-01 0 days 1,638 sqft
2019-07-01 0 days 1,645 sqft
2019-08-01 0 days 1,623 sqft
2019-09-01 0 days 1,571 sqft
2019-10-01 0 days 1,531 sqft
2019-11-01 0 days 1,657 sqft
2019-12-01 0 days 1,706 sqft
2020-01-01 0 days 1,802 sqft
2020-02-01 0 days 1,716 sqft
2020-03-01 0 days 1,815 sqft
2020-04-01 0 days 1,824 sqft
2020-05-01 0 days 1,833 sqft
2020-06-01 0 days 1,823 sqft
2020-07-01 0 days 1,921 sqft
2020-08-01 0 days 1,829 sqft
2020-09-01 0 days 1,805 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 1,921 sqft
2021-06-01 0 days 1,878 sqft
2021-07-01 0 days 1,849 sqft
2021-08-01 0 days 1,810 sqft
2021-09-01 0 days 1,600 sqft
2021-10-01 0 days 1,492 sqft
2021-11-01 0 days 1,536 sqft
2021-12-01 0 days 1,599 sqft
2022-01-01 0 days 1,486 sqft
2022-02-01 0 days 1,652 sqft
2022-03-01 0 days 1,356 sqft
2022-04-01 0 days 1,366 sqft
2022-05-01 0 days 1,407 sqft
2022-06-01 0 days 1,535 sqft
2022-07-01 0 days 1,685 sqft
2022-08-01 0 days 1,700 sqft
2022-09-01 0 days 1,690 sqft
2022-10-01 0 days 1,700 sqft
2022-11-01 0 days 1,803 sqft
2022-12-01 0 days 1,760 sqft
2023-01-01 0 days 1,794 sqft
2023-02-01 0 days 1,726 sqft
2023-03-01 0 days 1,726 sqft
2023-04-01 0 days 1,690 sqft
2023-05-01 0 days 1,350 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
2023-09-01 0 days 1,556 sqft
2023-10-01 0 days 1,767 sqft
2023-11-01 0 days 1,784 sqft
2023-12-01 0 days 1,863 sqft
2024-01-01 0 days 1,857 sqft
2024-02-01 0 days 1,868 sqft
Grants's median listing age (time on market) for 2024-02-01 was 0 days.

Grants's median square footage for active listings during the 2024-02-01 period was 1,868 sqft. One year prior, the average listing was 1,726 sqft.

Grants, NM Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 85 $11,515,000 $135,471
Cash Out Refi 13 $2,325,000 $178,846
Home Improvement 6 $450,000 $75,000
Other 5 $405,000 $81,000
Refi 5 $505,000 $101,000

Grants's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 37 $4,645,000 $125,541
Over 8% 27 $3,995,000 $147,963
7-8% 23 $2,895,000 $125,870
5-6% 18 $3,160,000 $175,556
<2.5% 3 $15,000 $5,000
3-4% 2 $300,000 $150,000
4-5% 1 $105,000 $105,000

During 2023, Grants's most frequently originated rate bucket was 6-7%, with 37 originations.

Loan Sizing (Grants, NM MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 60 $8,630,000 $143,833
$100,000 or less 36 $1,730,000 $48,056
$200k-400k 17 $4,115,000 $242,059
$600k-1000k 1 $725,000 $725,000

Grants's loan sizing saw the bucket of loans from $100k-200k with 60 originations, totaling $8,630,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 57 $9,455,000 $165,877
60-80% 24 $3,040,000 $126,667
Under 20% 12 $180,000 $15,000
40-60% 9 $1,705,000 $189,444
20-40% 5 $295,000 $59,000
Over 100% 1 $185,000 $185,000

Grants's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 57 originations, totaling $9,455,000 in origination value.