Hereford Mortgage Rates

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    • 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.