Hereford Mortgage Rates

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

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Hereford, TX.

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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
AMCAP MORTGAGE, LTD. 10 3.35% $6,828
QUICKEN LOANS, LLC 7 3.31% $4,268
TIB The Independent Bankersbank 7 2.91% $4,549
Amarillo National Bank 6 3.35% $3,448
First Financial Bank 4 4.06% $3,730
Education Credit Union 2 4.00% $2,734
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.12% $6,083
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.25% $6,698
First National Bank Texas 1 3.00% $4,900
Flagstar Bank, FSB 1 3.75% $4,754
Gateway First Bank 1 3.25% $3,770
Happy State Bank 1 3.13% $4,257
HOMESIDE FINANCIAL, LLC 1 2.50% $4,582
JMAC LENDING, INC. 1 3.25% $5,735
JPMorgan Chase Bank 1 3.50% $1,196
Mr. Cooper ( Nationstar Mortgage ) 1 3.00% $4,833
NAVY FEDERAL CREDIT UNION 1 3.25% $4,205
PENNYMAC LOAN SERVICES, LLC 1 3.49% $8,490
Prosperity Bank 1 3.00% $3,955
ROYAL UNITED MORTGAGE LLC 1 3.13% $9,735
UNITED WHOLESALE MORTGAGE, LLC 1 2.88% $3,256
U.S. Bank 1 2.99% $2,961
Wells Fargo Bank 1 3.50% $3,381
Access Community Credit Union 1 3.38% $3,262
West Gate Bank 1 3.00% $2,307
Alliance Credit Union 1 3.25% $3,435
AMERISAVE MORTGAGE CORPORATION 1 2.63% $4,213
ARC HOME LLC 1 6.83% $8,954
ASSOCIATED MORTGAGE CORPORATION 1 3.25% $3,647
City Bank 1 3.13% $4,175
Discover Bank 1 3.99% $0

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. Louis
Date 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 for 2022-06-01 was $215,000, a difference of $40,000 (22.9%) versus the prior year and $10,000 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-06-01 was 0 days.

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.