Grants Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Grants averaged 6.4% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.59% and one month ago for the week of 2024-11-07, the average rate was 6.69%.

    Grants's average rate one year ago was 7.13%.

    For refis of the same type during the week of 2024-12-12, the average rate was 7%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Grants 30 Year Fixed Rate 2024-12-12 6.4%
    Grants 30 Year Fixed Rate Refi 2024-12-12 7%
    Grants 15 Year Fixed Rate 2024-12-12 5.64%
    Grants 15 Year Fixed Rate Refi 2024-12-12 6.24%
    Grants 30 Year FHA 2024-12-12 6.48%
    Grants 30 Year FHA Refi 2024-12-12 6.08%
    Grants 30 Year USDA 2024-12-12 6.1%
    Grants 30 Year USDA Refi 2024-12-12 6.4%
    Grants 30 Year VA 2024-12-12 6.18%
    Grants 30 Year VA Refi 2024-12-12 5.98%
    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
    2024-03-01 $220,000 (6.7%) $289,739 (-0.5%) 0.00 30
    2024-04-01 $224,975 (7.1%) $288,740 (15.9%) 0.00 33
    2024-05-01 $230,000 (47.2%) $279,136 (34.7%) 0.00 36
    2024-06-01 $220,000 (37.0%) $259,995 (22.3%) 0.00 40
    2024-07-01 $219,250 (29.7%) $280,474 (22.6%) 0.00 43
    2024-08-01 $200,000 (13.2%) $275,767 (20.8%) 0.00 46
    2024-09-01 $203,625 (35.8%) $278,659 (54.7%) 0.00 50
    2024-10-01 $198,125 (2.7%) $279,236 (43.8%) 0.00 50
    2024-11-01 $189,900 (-7.3%) $263,383 (35.7%) 0.00 54
    Grants's median listing price for 2024-11-01 was $189,900, a difference of $-14,850 (-7.3%) versus the prior year and $-8,225 versus the prior month.

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

    Grants's average listing price for 2024-11-01 was $263,383, a difference of $69,323 (35.7%) versus the prior year and $-15,853 versus the prior month.

    For the 2024-11-01 period, Grants had 54 MLS listings, a difference of 4 listings (8%) versus the prior month and 24 listings (80%) 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
    2024-03-01 0 days 1,825 sqft
    2024-04-01 0 days 1,813 sqft
    2024-05-01 0 days 1,813 sqft
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,767 sqft
    2024-08-01 0 days 1,735 sqft
    2024-09-01 0 days 1,565 sqft
    2024-10-01 0 days 1,660 sqft
    2024-11-01 0 days 1,515 sqft
    Grants's median listing age (time on market) for 2024-11-01 was 0 days.

    Grants's median square footage for active listings during the 2024-11-01 period was 1,515 sqft. One year prior, the average listing was 1,784 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.