Grants Mortgage Rates & Closing Costs
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% |
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. LouisDate | 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 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. LouisDate | 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 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.