Grants Mortgage Rates

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

30 Year Fixed Rate mortgages in Grants averaged 6.58% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 6.65% and one month ago for the week of 2022-05-19, the average rate was 6.02%.

Grants's average rate one year ago was 3.46%.

For refis of the same type during the week of 2022-06-23, the average rate was 6.22%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Grants 30 Year Fixed Rate 2022-06-23 6.58%
Grants 30 Year Fixed Rate Refi 2022-06-23 6.22%
Grants 15 Year Fixed Rate 2022-06-23 9.3%
Grants 15 Year Fixed Rate Refi 2022-06-23 5.19%
Grants 30 Year FHA 2022-06-23 0.57%
Grants 30 Year FHA Refi 2022-06-23 0.05%
Grants 30 Year USDA 2022-06-23 0.54%
Grants 30 Year VA 2022-06-23 0.74%
Grants 30 Year VA Refi 2022-06-23 -0.05%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CMG MORTGAGE, INC. 9 3.29% $5,103
CALCON MUTUAL MORTGAGE LLC 7 3.70% $4,453
QUICKEN LOANS, LLC 4 3.00% $5,622
AMERISAVE MORTGAGE CORPORATION 3 2.75% $5,816
FINANCE OF AMERICA MORTGAGE LLC 3 3.33% $5,313
U.S. Bank 2 2.88% $2,713
Waterstone Mortgage Corporation 2 3.31% $6,013
Wells Fargo Bank 2 4.00% $2,862
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.12% $3,825
NUSENDA 2 3.13% $3,658
HOMETRUST MORTGAGE COMPANY 2 3.19% $5,944
BROKER SOLUTIONS, INC. 2 3.19% $3,694
LEGACY MORTGAGE LLC 1 3.88% $6,387
Bank of America 1 2.88% $4,124
Bank of Colorado 1 3.13% $3,394
Carrington Mortgage Services, LLC 1 3.50% $4,697
Kirtland Federal Credit Union 1 3.00% $2,582
ACADEMY MORTGAGE CORPORATION 1 3.00% $4,163
LOANDEPOT.COM, LLC 1 3.13% $5,979
Loan Simple, Inc. 1 3.50% $8,000
NEWREZ LLC 1 2.75% $2,707
Paramount Residential Mortgage Group, Inc. 1 2.99% $4,285
PENNYMAC LOAN SERVICES, LLC 1 3.25% $4,133
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.75% $3,458

Grants, NM's 24 lenders originated 236 loans during 2021. The total origination value was $31,710,000, with an average loan value of $134,364.

The top Grants lender as defined by loan originations is CMG MORTGAGE, INC., with 9 loans originated. Their average total fees are $5,103, which is $650 higher than the next largest lender, CALCON MUTUAL MORTGAGE LLC.

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

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

Grants, NM Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
CMG MORTGAGE, INC. $2,950,000 $4,625,000 56.8% 14.6%
21ST MORTGAGE CORPORATION $3,930,000 $3,390,000 -13.7% 10.7%
QUICKEN LOANS, LLC $3,110,000 $3,225,000 3.7% 10.2%
CALCON MUTUAL MORTGAGE LLC $1,525,000 $2,425,000 59.0% 7.6%
FINANCE OF AMERICA MORTGAGE LLC $240,000 $1,000,000 316.7% 3.2%
BROKER SOLUTIONS, INC. $910,000 n/a 2.9%
FINANCE OF AMERICA COMMERCIAL LLC $575,000 $815,000 41.7% 2.6%
ACADEMY MORTGAGE CORPORATION $795,000 n/a 2.5%
Mortgage Research Center, LLC $840,000 $720,000 -14.3% 2.3%
U.S. Bank $220,000 $695,000 215.9% 2.2%
NUSENDA $130,000 $680,000 423.1% 2.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $110,000 $650,000 490.9% 2.0%
LOANDEPOT.COM, LLC $330,000 $565,000 71.2% 1.8%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $525,000 n/a 1.7%
AMERISAVE MORTGAGE CORPORATION $125,000 $510,000 308.0% 1.6%
Waterstone Mortgage Corporation $820,000 $505,000 -38.4% 1.6%
STATE EMPLOYEES $460,000 $455,000 -1.1% 1.4%
USAA Federal Savings Bank $440,000 $450,000 2.3% 1.4%
Bank of Colorado $435,000 n/a 1.4%
Wells Fargo Bank $525,000 $435,000 -17.1% 1.4%
LAKEVIEW LOAN SERVICING, LLC $225,000 $430,000 91.1% 1.4%
LEGACY MORTGAGE LLC $85,000 $410,000 382.4% 1.3%
FREEDOM MORTGAGE CORPORATION $1,425,000 $405,000 -71.6% 1.3%
Bank of America $205,000 $370,000 80.5% 1.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $375,000 $365,000 -2.7% 1.2%
HOMETRUST MORTGAGE COMPANY $175,000 $350,000 100.0% 1.1%
MID AMERICA MORTGAGE, INC. $340,000 n/a 1.1%
U.S. EAGLE $210,000 $340,000 61.9% 1.1%
NEWREZ LLC $315,000 n/a 1.0%
Mr. Cooper ( Nationstar Mortgage ) $295,000 n/a 0.9%
JPMorgan Chase Bank $290,000 n/a 0.9%
Nations Lending Corporation $290,000 n/a 0.9%
Farm Credit Mid-America, ACA $285,000 n/a 0.9%
BOKF $135,000 $275,000 103.7% 0.9%
Loan Simple, Inc. $265,000 n/a 0.8%
LOANPAL, LLC $255,000 n/a 0.8%
CALIBER HOME LOANS, INC. $600,000 $250,000 -58.3% 0.8%
Carrington Mortgage Services, LLC $65,000 $250,000 284.6% 0.8%
Kirtland Federal Credit Union $300,000 $225,000 -25.0% 0.7%
TRIAD FINANCIAL SERVICES, INC. $155,000 $225,000 45.2% 0.7%
PENNYMAC LOAN SERVICES, LLC $175,000 n/a 0.6%
Paramount Bank $165,000 n/a 0.5%
SANDIA AREA $380,000 $165,000 -56.6% 0.5%
UNIVERSAL LENDING CORPORATION $165,000 n/a 0.5%
AMCAP MORTGAGE, LTD. $155,000 n/a 0.5%
Magnolia Bank $340,000 $155,000 -54.4% 0.5%
NEW DAY FINANCIAL, LLC $115,000 $155,000 34.8% 0.5%
Paramount Residential Mortgage Group, Inc. $125,000 n/a 0.4%
First Guaranty Mortgage Corporation $105,000 n/a 0.3%
UNITED WHOLESALE MORTGAGE, LLC $105,000 n/a 0.3%
FINANCE OF AMERICA REVERSE LLC $45,000 $65,000 44.4% 0.2%
TBK BANK, SSB $130,000 $65,000 -50.0% 0.2%
MOUNTAIN AMERICA $330,000 $45,000 -86.4% 0.1%
DUPACO COMMUNITY $25,000 n/a 0.1%

Grants's top lender by overall market share is CMG MORTGAGE, INC., with 14.6% market share. In second place, with 10.7%, is 21ST MORTGAGE CORPORATION, having originated $3,390,000 in loans. In third place, with 10.2%, is QUICKEN LOANS, LLC, having originated $3,225,000 in loans. In third place, with 7.6%, is CALCON MUTUAL MORTGAGE LLC, having originated $2,425,000 in loans. In third place, with 3.2%, is FINANCE OF AMERICA MORTGAGE LLC, having originated $1,000,000 in loans.


Grants, NM Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 134 $18,110,000 $135,149
Refi 70 $9,870,000 $141,000
Cash Out Refi 25 $3,345,000 $133,800
Home Improvement 4 $230,000 $57,500
Other 3 $155,000 $51,667

Grants's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Refi, with 70 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 72 $9,870,000 $137,083
2.5-3% 68 $10,470,000 $153,971
<2.5% 31 $4,585,000 $147,903
Over 8% 22 $1,530,000 $69,545
5-6% 12 $1,390,000 $115,833
6-7% 9 $1,275,000 $141,667
4-5% 8 $1,100,000 $137,500
7-8% 7 $745,000 $106,429

During 2021, Grants's most frequently originated rate bucket was 3-4%, with 72 originations.

Loan Sizing (Grants, NM MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 122 $17,370,000 $142,377
$100,000 or less 78 $5,020,000 $64,359
$200k-400k 35 $8,655,000 $247,286
$600k-1000k 1 $665,000 $665,000

Grants's loan sizing saw the bucket of loans from $100k-200k with 122 originations, totaling $17,370,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 127 $18,495,000 $145,630
60-80% 61 $8,285,000 $135,820
40-60% 21 $2,325,000 $110,714
Under 20% 7 $135,000 $19,286
Over 100% 5 $835,000 $167,000
20-40% 3 $185,000 $61,667

Grants's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 127 originations, totaling $18,495,000 in origination value.


Market Conditions (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 $112,450 (-8.2%) $139,998 (-2.2%) 0.00 67
2018-02-01 $117,450 (-2.0%) $145,241 (4.1%) 0.00 60
2018-03-01 $115,000 (-8.0%) $143,879 (2.8%) 0.00 61
2018-04-01 $117,450 (-6.0%) $139,825 (0.6%) 0.00 63
2018-05-01 $122,500 (-1.9%) $141,166 (2.9%) 0.00 58
2018-06-01 $110,000 (-12.0%) $136,326 (-2.0%) 0.00 53
2018-07-01 $104,950 (-16.0%) $125,841 (-11.6%) 0.00 55
2018-08-01 $104,500 (-12.9%) $125,039 (-10.0%) 0.00 55
2018-09-01 $99,000 (-17.5%) $123,030 (-13.0%) 0.00 50
2018-10-01 $99,900 (-13.1%) $128,112 (-3.6%) 0.00 47
2018-11-01 $99,450 (-7.5%) $131,698 (1.5%) 0.00 51
2018-12-01 $99,000 (-13.8%) $131,986 (-4.0%) 0.00 50
2019-01-01 $94,500 (-16.0%) $129,909 (-7.2%) 0.00 45
2019-02-01 $103,000 (-12.3%) $132,668 (-8.7%) 0.00 44
2019-03-01 $101,286 (-11.9%) $131,941 (-8.3%) 0.00 45
2019-04-01 $101,286 (-13.8%) $136,052 (-2.7%) 0.00 49
2019-05-01 $121,750 (-0.6%) $1,164,953 (725.2%) 0.00 49
2019-06-01 $139,500 (26.8%) $166,328 (22.0%) 0.00 57
2019-07-01 $149,900 (42.8%) $176,837 (40.5%) 0.00 55
2019-08-01 $141,200 (35.1%) $173,533 (38.8%) 0.00 56
2019-09-01 $136,000 (37.4%) $166,627 (35.4%) 0.00 55
2019-10-01 $137,250 (37.4%) $168,039 (31.2%) 0.00 50
2019-11-01 $139,900 (40.7%) $197,306 (49.8%) 0.00 46
2019-12-01 $139,700 (41.1%) $193,448 (46.6%) 0.00 46
2020-01-01 $139,900 (48.0%) $196,910 (51.6%) 0.00 49
2020-02-01 $133,000 (29.1%) $192,719 (45.3%) 0.00 47
2020-03-01 $140,500 (38.7%) $191,887 (45.4%) 0.00 47
2020-04-01 $142,000 (40.2%) $194,667 (43.1%) 0.00 45
2020-05-01 $144,900 (19.0%) $193,365 (-83.4%) 0.00 42
2020-06-01 $143,450 (2.8%) $186,760 (12.3%) 0.00 29
2020-07-01 $165,000 (10.1%) $215,141 (21.7%) 0.00 30
2020-08-01 $165,000 (16.9%) $202,424 (16.7%) 0.00 31
2020-09-01 $162,450 (19.5%) $188,682 (13.2%) 0.00 37
2020-10-01 $165,000 (20.2%) $189,494 (12.8%) 0.00 39
2020-11-01 $172,450 (23.3%) $216,945 (10.0%) 0.00 41
2020-12-01 $149,500 (7.0%) $208,480 (7.8%) 0.00 40
2021-01-01 $144,000 (2.9%) $216,761 (10.1%) 0.00 34
2021-02-01 $136,950 (3.0%) $209,196 (8.6%) 0.00 28
2021-03-01 $150,000 (6.8%) $224,981 (17.3%) 0.00 24
2021-04-01 $155,000 (9.2%) $237,945 (22.2%) 0.00 21
2021-05-01 $155,000 (7.0%) $235,213 (21.6%) 0.00 19
2021-06-01 $139,000 (-3.1%) $215,259 (15.3%) 0.00 21
2021-07-01 $139,000 (-15.8%) $201,547 (-6.3%) 0.00 18
2021-08-01 $138,750 (-15.9%) $194,801 (-3.8%) 0.00 19
2021-09-01 $142,000 (-12.6%) $197,111 (4.5%) 0.00 19
2021-10-01 $145,000 (-12.1%) $207,888 (9.7%) 0.00 24
2021-11-01 $138,750 (-19.5%) $193,844 (-10.7%) 0.00 25
2021-12-01 $135,000 (-9.7%) $198,476 (-4.8%) 0.00 20
2022-01-01 $135,000 (-6.3%) $198,856 (-8.3%) 0.00 26
2022-02-01 $142,000 (3.7%) $204,443 (-2.3%) 0.00 24
2022-03-01 $134,000 (-10.7%) $202,991 (-9.8%) 0.00 22
2022-04-01 $134,000 (-13.6%) $188,564 (-20.8%) 0.00 19
2022-05-01 $134,450 (-13.3%) $185,597 (-21.1%) 0.00 20
Grants's median listing price for 2022-05-01 was $134,450, a difference of $-20,550 (-13.3%) versus the prior year and $450 versus the prior month.

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

Grants's average listing price for 2022-05-01 was $185,597, a difference of $-49,616 (-21.1%) versus the prior year and $-2,967 versus the prior month.

For the 2022-05-01 period, Grants had 20 MLS listings, a difference of 1 listings (5%) versus the prior month and 1 listings (5%) 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 1,699 sqft
2018-02-01 0 days 1,735 sqft
2018-03-01 0 days 1,688 sqft
2018-04-01 0 days 1,630 sqft
2018-05-01 0 days 1,557 sqft
2018-06-01 0 days 1,630 sqft
2018-07-01 0 days 1,450 sqft
2018-08-01 0 days 1,450 sqft
2018-09-01 0 days 1,484 sqft
2018-10-01 0 days 1,472 sqft
2018-11-01 0 days 1,500 sqft
2018-12-01 0 days 1,484 sqft
2019-01-01 0 days 1,492 sqft
2019-02-01 0 days 1,641 sqft
2019-03-01 0 days 1,580 sqft
2019-04-01 0 days 1,526 sqft
2019-05-01 0 days 1,561 sqft
2019-06-01 0 days 1,638 sqft
2019-07-01 0 days 1,680 sqft
2019-08-01 0 days 1,716 sqft
2019-09-01 0 days 1,590 sqft
2019-10-01 0 days 1,561 sqft
2019-11-01 0 days 1,680 sqft
2019-12-01 0 days 1,697 sqft
2020-01-01 0 days 1,815 sqft
2020-02-01 0 days 1,752 sqft
2020-03-01 0 days 1,931 sqft
2020-04-01 0 days 1,966 sqft
2020-05-01 0 days 2,094 sqft
2020-06-01 0 days 1,966 sqft
2020-07-01 0 days 2,128 sqft
2020-08-01 0 days 1,931 sqft
2020-09-01 0 days 1,850 sqft
2020-10-01 0 days 1,918 sqft
2020-11-01 0 days 1,815 sqft
2020-12-01 0 days 1,794 sqft
2021-01-01 0 days 1,766 sqft
2021-02-01 0 days 1,683 sqft
2021-03-01 0 days 1,735 sqft
2021-04-01 0 days 1,954 sqft
2021-05-01 0 days 2,011 sqft
2021-06-01 0 days 1,835 sqft
2021-07-01 0 days 1,849 sqft
2021-08-01 0 days 1,814 sqft
2021-09-01 0 days 1,600 sqft
2021-10-01 0 days 1,476 sqft
2021-11-01 0 days 1,566 sqft
2021-12-01 0 days 1,611 sqft
2022-01-01 0 days 1,500 sqft
2022-02-01 0 days 1,515 sqft
2022-03-01 0 days 1,352 sqft
2022-04-01 0 days 1,366 sqft
2022-05-01 0 days 1,366 sqft
Grants's median listing age (time on market) for 2022-05-01 was 0 days.

Grants's median square footage for active listings during the 2022-05-01 period was 1,366 sqft. One year prior, the average listing was 2,011 sqft.