Hereford Mortgage Rates
30 Year Fixed Rate mortgages in Hereford averaged
6.11%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
6.32% and
one month ago for the week of 2022-05-26, the
average rate was 5.71%.
Hereford's average rate one year ago was 3.54%.
For refis of the same type during the week of 2022-06-30, the average rate
was 5.79%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
Hereford 30 Year Fixed Rate | 2022-06-30 | 6.11% |
Hereford 30 Year Fixed Rate Refi | 2022-06-30 | 5.79% |
Hereford 15 Year Fixed Rate | 2022-06-30 | 5.76% |
Hereford 15 Year Fixed Rate Refi | 2022-06-30 | 4.84% |
Hereford 30 Year FHA | 2022-06-30 | 6.27% |
Hereford 30 Year FHA Refi | 2022-06-30 | 5.97% |
Hereford 30 Year USDA | 2022-06-30 | 5.79% |
Hereford 30 Year VA | 2022-06-30 | 5.61% |
Hereford 30 Year VA Refi | 2022-06-30 | 5.33% |
Hereford 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 Hereford, TX 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.).
Hereford, TX's 31 lenders originated 306
loans during 2021. The total origination value was $44,740,000, with an average loan value of
$146,209.
The top Hereford lender as defined by loan originations is AMCAP MORTGAGE, LTD., with
10 loans originated. Their average total fees are
$6,828, which is $2,560
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Hereford lenders (with over 10 loans originated) are
AMCAP MORTGAGE, LTD. ($6,828), .
The lowest rate Hereford lenders (with over 10 loans originated) are
AMCAP MORTGAGE, LTD. (3.35%), .
Hereford, TX 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 |
---|---|---|---|---|
AMCAP MORTGAGE, LTD. | $2,520,000 | $11,675,000 | 363.3% | 26.1% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $4,165,000 | $4,300,000 | 3.2% | 9.6% |
FirstBank Southwest | $2,475,000 | $3,165,000 | 27.9% | 7.1% |
QUICKEN LOANS, LLC | $1,295,000 | $2,940,000 | 127.0% | 6.6% |
Amarillo National Bank | $2,270,000 | $2,285,000 | 0.7% | 5.1% |
First Financial Bank | $4,590,000 | $2,245,000 | -51.1% | 5.0% |
TIB The Independent Bankersbank | $1,415,000 | $2,240,000 | 58.3% | 5.0% |
Equity Bank | $1,365,000 | n/a | 3.1% | |
21ST MORTGAGE CORPORATION | $550,000 | $1,210,000 | 120.0% | 2.7% |
Happy State Bank | $1,210,000 | $885,000 | -26.9% | 2.0% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $505,000 | $730,000 | 44.6% | 1.6% |
First United Bank | $115,000 | $675,000 | 487.0% | 1.5% |
EVERETT FINANCIAL, INC. | $1,525,000 | $655,000 | -57.0% | 1.5% |
NAVY FEDERAL CREDIT UNION | $605,000 | n/a | 1.4% | |
Network Funding, L.P. | $225,000 | $485,000 | 115.6% | 1.1% |
Wells Fargo Bank | $65,000 | $475,000 | 630.8% | 1.1% |
ARC HOME LLC | $445,000 | n/a | 1.0% | |
Mr. Cooper ( Nationstar Mortgage ) | $365,000 | $400,000 | 9.6% | 0.9% |
Herring Bank | $1,055,000 | $390,000 | -63.0% | 0.9% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $375,000 | n/a | 0.8% | |
First National Bank Texas | $115,000 | $365,000 | 217.4% | 0.8% |
INFINITY MORTGAGE HOLDINGS, LLC | $390,000 | $350,000 | -10.3% | 0.8% |
FREEDOM MORTGAGE CORPORATION | $135,000 | $335,000 | 148.1% | 0.7% |
JPMorgan Chase Bank | $95,000 | $300,000 | 215.8% | 0.7% |
UNITED WHOLESALE MORTGAGE, LLC | $265,000 | $300,000 | 13.2% | 0.7% |
Education Credit Union | $120,000 | $295,000 | 145.8% | 0.7% |
ASSOCIATED MORTGAGE CORPORATION | $290,000 | n/a | 0.6% | |
City Bank | $290,000 | n/a | 0.6% | |
BETTER MORTGAGE CORPORATION | $275,000 | n/a | 0.6% | |
HOMESIDE FINANCIAL, LLC | $245,000 | n/a | 0.5% | |
Gateway First Bank | $230,000 | n/a | 0.5% | |
U.S. Bank | $115,000 | $225,000 | 95.7% | 0.5% |
CMG MORTGAGE, INC. | $215,000 | n/a | 0.5% | |
LOANDEPOT.COM, LLC | $195,000 | $215,000 | 10.3% | 0.5% |
CALIBER HOME LOANS, INC. | $185,000 | n/a | 0.4% | |
Prosperity Bank | $185,000 | n/a | 0.4% | |
SOUTHWEST STAGE FUNDING, LLC | $55,000 | $180,000 | 227.3% | 0.4% |
THRIVE MORTGAGE, LLC | $175,000 | n/a | 0.4% | |
NATIONS RELIABLE LENDING, LLC | $275,000 | $165,000 | -40.0% | 0.4% |
Access Community Credit Union | $155,000 | n/a | 0.3% | |
AMERICAN FINANCIAL NETWORK, INC. | $155,000 | n/a | 0.3% | |
AMERISAVE MORTGAGE CORPORATION | $145,000 | n/a | 0.3% | |
First Guaranty Mortgage Corporation | $145,000 | n/a | 0.3% | |
PENNYMAC LOAN SERVICES, LLC | $145,000 | $145,000 | 0.0% | 0.3% |
ROYAL UNITED MORTGAGE LLC | $145,000 | $145,000 | 0.0% | 0.3% |
Discover Bank | $135,000 | n/a | 0.3% | |
JMAC LENDING, INC. | $125,000 | n/a | 0.3% | |
LAKEVIEW LOAN SERVICING, LLC | $125,000 | n/a | 0.3% | |
VILLAGE CAPITAL & INVESTMENT LLC | $105,000 | $125,000 | 19.0% | 0.3% |
Alliance Credit Union | $115,000 | n/a | 0.3% | |
CHURCHILL MORTGAGE CORPORATION | $105,000 | n/a | 0.2% | |
BROKER SOLUTIONS, INC. | $95,000 | n/a | 0.2% | |
COUNTRYPLACE MORTGAGE, LTD. | $75,000 | $95,000 | 26.7% | 0.2% |
West Gate Bank | $95,000 | n/a | 0.2% | |
Flagstar Bank, FSB | $85,000 | n/a | 0.2% | |
J. VIRGIL, INC. | $85,000 | n/a | 0.2% | |
NEWREZ LLC | $95,000 | $85,000 | -10.5% | 0.2% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $105,000 | $85,000 | -19.0% | 0.2% |
AmeriHome Mortgage Company, LLC | $75,000 | n/a | 0.2% | |
AMERICAN ADVISORS GROUP | $55,000 | n/a | 0.1% |
Hereford's top lender by overall market share is AMCAP MORTGAGE, LTD., with 26.1% market share. In second place, with 9.6%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $4,300,000 in loans. In third place, with 7.1%, is FirstBank Southwest, having originated $3,165,000 in loans. In third place, with 6.6%, is QUICKEN LOANS, LLC, having originated $2,940,000 in loans. In third place, with 5.1%, is Amarillo National Bank, having originated $2,285,000 in loans.
Hereford, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 221 | $35,085,000 | $158,756 |
Refi | 54 | $6,560,000 | $121,481 |
Cash Out Refi | 19 | $2,175,000 | $114,474 |
Home Improvement | 11 | $725,000 | $65,909 |
Other | 1 | $195,000 | $195,000 |
Hereford's most frequently cited loan purpose was Home Purchase, with 221 originations. The 2nd most popular reason was Refi, with 54 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 119 | $19,865,000 | $166,933 |
2.5-3% | 61 | $9,355,000 | $153,361 |
<2.5% | 41 | $4,535,000 | $110,610 |
4-5% | 23 | $4,375,000 | $190,217 |
Over 8% | 8 | $650,000 | $81,250 |
6-7% | 8 | $1,340,000 | $167,500 |
5-6% | 6 | $890,000 | $148,333 |
7-8% | 3 | $175,000 | $58,333 |
During 2021, Hereford's most frequently originated rate bucket was 3-4%, with 119 originations.
Loan Sizing (Hereford, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 165 | $25,235,000 | $152,939 |
$100,000 or less | 88 | $5,110,000 | $58,068 |
$200k-400k | 51 | $12,585,000 | $246,765 |
$400k-600k | 1 | $445,000 | $445,000 |
$Over $1MM | 1 | $1,365,000 | $1,365,000 |
Hereford's loan sizing saw the bucket of loans from $100k-200k with 165 originations, totaling $25,235,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 175 | $31,115,000 | $177,800 |
60-80% | 39 | $5,275,000 | $135,256 |
40-60% | 22 | $2,580,000 | $117,273 |
Under 20% | 16 | $230,000 | $14,375 |
20-40% | 6 | $420,000 | $70,000 |
Over 100% | 3 | $425,000 | $141,667 |
Hereford's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 175 originations, totaling $31,115,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hereford (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 | $142,450 (30.2%) | $226,925 (45.1%) | 0.00 | 35 |
2018-02-01 | $141,500 (29.9%) | $210,939 (31.6%) | 0.00 | 37 |
2018-03-01 | $144,500 (11.2%) | $217,736 (18.2%) | 0.00 | 34 |
2018-04-01 | $148,200 (2.2%) | $208,036 (3.0%) | 0.00 | 27 |
2018-05-01 | $165,000 (10.4%) | $201,938 (-7.0%) | 0.00 | 29 |
2018-06-01 | $195,000 (30.1%) | $204,172 (-8.9%) | 0.00 | 29 |
2018-07-01 | $149,900 (1.6%) | $197,217 (-9.3%) | 0.00 | 31 |
2018-08-01 | $175,000 (13.3%) | $218,754 (-1.5%) | 0.00 | 30 |
2018-09-01 | $179,900 (13.1%) | $226,112 (1.1%) | 0.00 | 24 |
2018-10-01 | $170,450 (13.4%) | $197,560 (-9.2%) | 0.00 | 25 |
2018-11-01 | $149,900 (0.0%) | $203,186 (-11.3%) | 0.00 | 25 |
2018-12-01 | $158,000 (14.5%) | $203,772 (-5.4%) | 0.00 | 24 |
2019-01-01 | $195,000 (36.9%) | $199,854 (-11.9%) | 0.00 | 22 |
2019-02-01 | $197,000 (39.2%) | $191,171 (-9.4%) | 0.00 | 25 |
2019-03-01 | $209,286 (44.8%) | $215,967 (-0.8%) | 0.00 | 25 |
2019-04-01 | $195,000 (31.6%) | $219,872 (5.7%) | 0.00 | 19 |
2019-05-01 | $183,950 (11.5%) | $215,089 (6.5%) | 0.00 | 22 |
2019-06-01 | $165,500 (-15.1%) | $214,384 (5.0%) | 0.00 | 23 |
2019-07-01 | $165,750 (10.6%) | $199,978 (1.4%) | 0.00 | 25 |
2019-08-01 | $159,000 (-9.1%) | $187,820 (-14.1%) | 0.00 | 30 |
2019-09-01 | $153,750 (-14.5%) | $175,918 (-22.2%) | 0.00 | 37 |
2019-10-01 | $168,000 (-1.4%) | $185,292 (-6.2%) | 0.00 | 36 |
2019-11-01 | $168,500 (12.4%) | $192,050 (-5.5%) | 0.00 | 31 |
2019-12-01 | $179,500 (13.6%) | $209,755 (2.9%) | 0.00 | 30 |
2020-01-01 | $187,500 (-3.9%) | $216,034 (8.1%) | 0.00 | 31 |
2020-02-01 | $192,000 (-2.5%) | $221,955 (16.1%) | 0.00 | 31 |
2020-03-01 | $211,000 (0.8%) | $231,094 (7.0%) | 0.00 | 25 |
2020-04-01 | $211,000 (8.2%) | $231,756 (5.4%) | 0.00 | 25 |
2020-05-01 | $209,000 (13.6%) | $225,754 (5.0%) | 0.00 | 25 |
2020-06-01 | $209,450 (26.6%) | $220,076 (2.7%) | 0.00 | 29 |
2020-07-01 | $189,450 (14.3%) | $207,956 (4.0%) | 0.00 | 30 |
2020-08-01 | $185,000 (16.4%) | $185,367 (-1.3%) | 0.00 | 28 |
2020-09-01 | $186,950 (21.6%) | $184,662 (5.0%) | 0.00 | 27 |
2020-10-01 | $183,500 (9.2%) | $178,620 (-3.6%) | 0.00 | 27 |
2020-11-01 | $174,225 (3.4%) | $175,863 (-8.4%) | 0.00 | 29 |
2020-12-01 | $159,925 (-10.9%) | $170,835 (-18.6%) | 0.00 | 31 |
2021-01-01 | $179,950 (-4.0%) | $177,894 (-17.7%) | 0.00 | 27 |
2021-02-01 | $191,500 (-0.3%) | $188,116 (-15.3%) | 0.00 | 28 |
2021-03-01 | $183,975 (-12.8%) | $192,780 (-16.6%) | 0.00 | 30 |
2021-04-01 | $170,000 (-19.4%) | $180,362 (-22.2%) | 0.00 | 27 |
2021-05-01 | $172,000 (-17.7%) | $200,418 (-11.2%) | 0.00 | 19 |
2021-06-01 | $175,000 (-16.5%) | $211,550 (-3.9%) | 0.00 | 24 |
2021-07-01 | $186,950 (-1.3%) | $244,704 (17.7%) | 0.00 | 21 |
2021-08-01 | $215,000 (16.2%) | $250,521 (35.2%) | 0.00 | 24 |
2021-09-01 | $199,725 (6.8%) | $258,503 (40.0%) | 0.00 | 25 |
2021-10-01 | $209,950 (14.4%) | $282,841 (58.4%) | 0.00 | 27 |
2021-11-01 | $209,950 (20.5%) | $300,700 (71.0%) | 0.00 | 24 |
2021-12-01 | $224,475 (40.4%) | $290,104 (69.8%) | 0.00 | 27 |
2022-01-01 | $209,950 (16.7%) | $276,948 (55.7%) | 0.00 | 25 |
2022-02-01 | $217,975 (13.8%) | $280,900 (49.3%) | 0.00 | 26 |
2022-03-01 | $220,000 (19.6%) | $258,253 (34.0%) | 0.00 | 31 |
2022-04-01 | $219,950 (29.4%) | $232,872 (29.1%) | 0.00 | 37 |
2022-05-01 | $205,000 (19.2%) | $224,074 (11.8%) | 0.00 | 43 |
2022-06-01 | $215,000 (22.9%) | $230,341 (8.9%) | 0.00 | 39 |
Hereford's median listing price comes in at 0% of the national average.
Hereford's average listing price for 2022-06-01 was $230,341, a difference of $18,791 (8.9%) versus the prior year and $6,267 versus the prior month.
For the 2022-06-01 period, Hereford had 39 MLS listings, a difference of -4 listings (-9%) versus the prior month and 15 listings (63%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hereford (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,269 sqft |
2018-02-01 | 0 days | 2,058 sqft |
2018-03-01 | 0 days | 2,209 sqft |
2018-04-01 | 0 days | 2,296 sqft |
2018-05-01 | 0 days | 2,386 sqft |
2018-06-01 | 0 days | 2,400 sqft |
2018-07-01 | 0 days | 2,296 sqft |
2018-08-01 | 0 days | 2,519 sqft |
2018-09-01 | 0 days | 2,564 sqft |
2018-10-01 | 0 days | 2,446 sqft |
2018-11-01 | 0 days | 2,338 sqft |
2018-12-01 | 0 days | 2,304 sqft |
2019-01-01 | 0 days | 2,261 sqft |
2019-02-01 | 0 days | 2,213 sqft |
2019-03-01 | 0 days | 2,232 sqft |
2019-04-01 | 0 days | 2,147 sqft |
2019-05-01 | 0 days | 2,051 sqft |
2019-06-01 | 0 days | 2,044 sqft |
2019-07-01 | 0 days | 2,110 sqft |
2019-08-01 | 0 days | 2,122 sqft |
2019-09-01 | 0 days | 2,075 sqft |
2019-10-01 | 0 days | 2,044 sqft |
2019-11-01 | 0 days | 2,158 sqft |
2019-12-01 | 0 days | 2,300 sqft |
2020-01-01 | 0 days | 2,341 sqft |
2020-02-01 | 0 days | 2,438 sqft |
2020-03-01 | 0 days | 2,431 sqft |
2020-04-01 | 0 days | 2,420 sqft |
2020-05-01 | 0 days | 2,237 sqft |
2020-06-01 | 0 days | 2,237 sqft |
2020-07-01 | 0 days | 2,149 sqft |
2020-08-01 | 0 days | 2,031 sqft |
2020-09-01 | 0 days | 2,031 sqft |
2020-10-01 | 0 days | 2,103 sqft |
2020-11-01 | 0 days | 1,800 sqft |
2020-12-01 | 0 days | 1,762 sqft |
2021-01-01 | 0 days | 1,762 sqft |
2021-02-01 | 0 days | 1,815 sqft |
2021-03-01 | 0 days | 1,838 sqft |
2021-04-01 | 0 days | 1,540 sqft |
2021-05-01 | 0 days | 1,612 sqft |
2021-06-01 | 0 days | 1,678 sqft |
2021-07-01 | 0 days | 1,827 sqft |
2021-08-01 | 0 days | 1,838 sqft |
2021-09-01 | 0 days | 1,932 sqft |
2021-10-01 | 0 days | 1,813 sqft |
2021-11-01 | 0 days | 1,880 sqft |
2021-12-01 | 0 days | 1,826 sqft |
2022-01-01 | 0 days | 1,751 sqft |
2022-02-01 | 0 days | 1,782 sqft |
2022-03-01 | 0 days | 1,777 sqft |
2022-04-01 | 0 days | 1,650 sqft |
2022-05-01 | 0 days | 1,629 sqft |
2022-06-01 | 0 days | 1,648 sqft |
Hereford's median square footage for active listings during the 2022-06-01 period was 1,648 sqft. One year prior, the average listing was 1,678 sqft.