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 6.79% for the week of 2025-05-29, compared to the national average of 6.89% for the same period.

    The average rate for the prior week (2025-05-22) was 6.86% and one month ago for the week of 2025-04-24, the average rate was 6.81%.

    Grants's average rate one year ago was 7.14%.

    For refis of the same type during the week of 2025-05-29, the average rate was 7.29%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-05-29 6.89%
    Grants 30 Year Fixed Rate 2025-05-29 6.79%
    Grants 30 Year Fixed Rate Refi 2025-05-29 7.29%
    Grants 15 Year Fixed Rate 2025-05-29 5.83%
    Grants 15 Year Fixed Rate Refi 2025-05-29 6.43%
    Grants 30 Year FHA 2025-05-29 -0.2%
    Grants 30 Year FHA Refi 2025-05-29 -0.2%
    Grants 30 Year USDA 2025-05-29 -0.1%
    Grants 30 Year USDA Refi 2025-05-29 -0.2%
    Grants 30 Year VA 2025-05-29 0.2%
    Grants 30 Year VA Refi 2025-05-29 0.1%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 7 6.62% $6,881
    GUILD MORTGAGE COMPANY 5 6.85% $5,834
    JPMorgan Chase Bank 3 6.42% $3,470
    21ST MORTGAGE CORPORATION 2 8.40% $6,077
    CALCON MUTUAL MORTGAGE LLC 2 6.56% $4,767
    Wells Fargo Bank 2 6.88% $3,344
    FREEDOM MORTGAGE CORPORATION 1 8.50% $10,052
    First Federal Bank 1 6.50% $2,982
    CMG MORTGAGE, INC. 1 6.50% $6,024
    Kirtland Federal Credit Union 1 5.13% $4,707
    LOANDEPOT.COM, LLC 1 7.38% $5,405
    NAVY FEDERAL CREDIT UNION 1 6.50% $1,295
    NBKC BANK 1 7.50% $4,671
    NUSENDA 1 6.75% $2,614
    BOKF 1 7.13% $5,322
    U.S. Bank 1 6.88% $9,086
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.99% $7,104
    First Financial Credit Union 1 6.88% $4,682

    Grants Average Closing Costs & Other Stats

    Grants, NM's 18 lenders originated 156 loans during 2024. The total origination value was $21,840,000, with an average loan value of $140,000.

    Grants's average closing costs are $5,361.

    The top Grants lender as defined by loan originations is QUICKEN LOANS, LLC, with 7 loans originated. Their average total fees are $6,881, which is $1,047 higher than the next largest lender, GUILD MORTGAGE COMPANY.

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    QUICKEN LOANS, LLC $555,000 $3,360,000 505.4% 15.4%
    CMG MORTGAGE, INC. $2,105,000 $2,565,000 21.9% 11.7%
    21ST MORTGAGE CORPORATION $2,675,000 $1,785,000 -33.3% 8.2%
    AMERITRUST MORTGAGE CORPORATION $1,720,000 n/a 7.9%
    GUILD MORTGAGE COMPANY $355,000 $1,015,000 185.9% 4.6%
    CALCON MUTUAL MORTGAGE LLC $1,520,000 $830,000 -45.4% 3.8%
    MID AMERICA MORTGAGE, INC. $640,000 n/a 2.9%
    NAVY FEDERAL CREDIT UNION $135,000 $610,000 351.9% 2.8%
    NUSENDA $295,000 $480,000 62.7% 2.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $405,000 $455,000 12.3% 2.1%
    BROKER SOLUTIONS, INC. $375,000 n/a 1.7%
    LOANDEPOT.COM, LLC $325,000 n/a 1.5%
    NEW DAY FINANCIAL, LLC $320,000 n/a 1.5%
    UNITED WHOLESALE MORTGAGE, LLC $305,000 $300,000 -1.6% 1.4%
    First Financial Credit Union $75,000 $295,000 293.3% 1.4%
    SANDIA AREA $55,000 $290,000 427.3% 1.3%
    FREEDOM MORTGAGE CORPORATION $270,000 n/a 1.2%
    First Federal Bank $265,000 n/a 1.2%
    JPMorgan Chase Bank $265,000 n/a 1.2%
    NBKC BANK $265,000 n/a 1.2%
    Mortgage Research Center, LLC $615,000 $250,000 -59.3% 1.1%
    U.S. Bank $185,000 $235,000 27.0% 1.1%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $215,000 n/a 1.0%
    BOKF $210,000 n/a 1.0%
    CORNERSTONE HOME LENDING, INC. $85,000 $205,000 141.2% 0.9%
    MOVEMENT MORTGAGE, LLC $195,000 n/a 0.9%
    Plains Commerce Bank $195,000 n/a 0.9%
    Waterstone Mortgage Corporation $170,000 n/a 0.8%
    USAA Federal Savings Bank $165,000 n/a 0.8%
    AMERICA FIRST $155,000 n/a 0.7%
    Carrington Mortgage Services, LLC $125,000 $155,000 24.0% 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $210,000 $155,000 -26.2% 0.7%
    Wells Fargo Bank $400,000 $150,000 -62.5% 0.7%
    Barrington Bank & Trust Company, N.A. $205,000 $135,000 -34.1% 0.6%
    DIRECTORS MORTGAGE, INC. $115,000 n/a 0.5%
    CREDIT HUMAN FEDERAL CREDIT UNION $105,000 $105,000 0.0% 0.5%
    Kirtland Federal Credit Union $55,000 $105,000 90.9% 0.5%
    MOUNTAIN AMERICA $270,000 $100,000 -63.0% 0.5%
    Bank of America $45,000 $95,000 111.1% 0.4%
    TBK BANK, SSB $85,000 n/a 0.4%
    LOANPAL, LLC $55,000 n/a 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $55,000 n/a 0.3%
    PNC Bank $55,000 n/a 0.3%
    U.S. EAGLE $25,000 $25,000 0.0% 0.1%
    Coastal Community Bank $5,000 n/a 0.0%

    Grants's top lender by overall market share is QUICKEN LOANS, LLC, with 15.4% market share. In second place, with 11.7%, is CMG MORTGAGE, INC., having originated $2,565,000 in loans. In third place, with 8.2%, is 21ST MORTGAGE CORPORATION, having originated $1,785,000 in loans. In fourth place, with 7.9%, is AMERITRUST MORTGAGE CORPORATION, having originated $1,720,000 in loans. In fifth place, with 4.6%, is GUILD MORTGAGE COMPANY, having originated $1,015,000 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
    2024-12-01 $197,500 (-10.2%) $261,696 (28.3%) 0.00 54
    Grants's median listing price for 2024-12-01 was $197,500, a difference of $-22,500 (-10.2%) versus the prior year and $7,600 versus the prior month.

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

    Grants's average listing price for 2024-12-01 was $261,696, a difference of $57,674 (28.3%) versus the prior year and $-1,687 versus the prior month.

    For the 2024-12-01 period, Grants had 54 MLS listings, a difference of 0 listings (0%) versus the prior month and 22 listings (69%) 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
    2024-12-01 0 days 1,533 sqft
    Grants's median listing age (time on market) for 2024-12-01 was 0 days.

    Grants's median square footage for active listings during the 2024-12-01 period was 1,533 sqft. One year prior, the average listing was 1,863 sqft.

    Grants, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 92 $13,030,000 $141,630
    Cash Out Refi 44 $6,810,000 $154,773
    Refi 9 $1,265,000 $140,556
    Other 7 $365,000 $52,143
    Home Improvement 4 $370,000 $92,500

    Grants's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 53 $8,035,000 $151,604
    7-8% 39 $6,315,000 $161,923
    Over 8% 30 $3,400,000 $113,333
    5-6% 20 $3,260,000 $163,000
    <2.5% 2 $30,000 $15,000
    4-5% 1 $165,000 $165,000

    During 2024, Grants's most frequently originated rate bucket was 6-7%, with 53 originations.

    Loan Sizing (Grants, NM MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 77 $11,895,000 $154,481
    $100,000 or less 50 $2,260,000 $45,200
    $200k-400k 29 $7,685,000 $265,000

    Grants's loan sizing saw the bucket of loans from $100k-200k with 77 originations, totaling $11,895,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 66 $11,820,000 $179,091
    60-80% 43 $7,175,000 $166,860
    Under 20% 20 $260,000 $13,000
    40-60% 9 $965,000 $107,222
    20-40% 8 $450,000 $56,250
    Over 100% 3 $355,000 $118,333

    Grants's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 66 originations, totaling $11,820,000 in origination value.