Lamesa Mortgage Rates

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

30 Year Fixed Rate mortgages in Lamesa averaged 6.08% 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 6.09% and one month ago for the week of 2022-05-26, the average rate was 5.48%.

Lamesa's average rate one year ago was 3.41%.

For refis of the same type during the week of 2022-06-30, the average rate was 6.28%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Lamesa 30 Year Fixed Rate 2022-06-30 6.08%
Lamesa 30 Year Fixed Rate Refi 2022-06-30 6.28%
Lamesa 15 Year Fixed Rate 2022-06-30 5.49%
Lamesa 15 Year Fixed Rate Refi 2022-06-30 4.78%
Lamesa 30 Year FHA 2022-06-30 6.35%
Lamesa 30 Year FHA Refi 2022-06-30 5.47%
Lamesa 30 Year USDA 2022-06-30 4.97%
Lamesa 30 Year VA 2022-06-30 5.31%
Lamesa 30 Year VA Refi 2022-06-30 5.74%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Lamesa, TX.

Lamesa 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 Lamesa, 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
First United Bank 5 3.82% $3,931
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 3.25% $5,127
LRS FINANCIAL NETWORK, INC. 3 2.92% $4,506
THRIVE MORTGAGE, LLC 3 3.38% $3,845
First Bank & Trust 3 3.08% $4,602
QUICKEN LOANS, LLC 3 3.13% $4,247
INFINITY MORTGAGE HOLDINGS, LLC 2 2.75% $5,271
Gateway First Bank 2 3.00% $3,979
CROSSCOUNTRY MORTGAGE, LLC 1 2.99% $8,146
Education Credit Union 1 4.63% $5,935
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.49% $5,321
Flagstar Bank, FSB 1 3.28% $3,765
HOMETRUST MORTGAGE COMPANY 1 2.88% $9,141
LEGACY MORTGAGE LLC 1 3.38% $6,743
MORTGAGE FINANCIAL SERVICES, LLC 1 3.00% $4,599
Network Funding, L.P. 1 3.00% $4,744
TEXAS TECH 1 3.13% $4,283
UNITED WHOLESALE MORTGAGE, LLC 1 3.26% $11,174
Amarillo National Bank 1 3.25% $4,367
Wells Fargo Bank 1 3.25% $3,620
AMERICAN FINANCIAL NETWORK, INC. 1 2.75% $8,719
AMERISAVE MORTGAGE CORPORATION 1 3.25% $3,177
Bank of America 1 3.88% $3,897
CALIBER HOME LOANS, INC. 1 2.88% $2,283
Citizens Bank 1 3.63% $4,881
City Bank 1 3.13% $5,631
Colonial Savings, F.A. 1 3.75% $3,680

Lamesa, TX's 27 lenders originated 149 loans during 2021. The total origination value was $25,035,000, with an average loan value of $168,020.

The top Lamesa lender as defined by loan originations is First United Bank, with 5 loans originated. Their average total fees are $3,931, which is $1,195 lower than the next largest lender, ARK-LA-TEX FINANCIAL SERVICES, LLC..

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

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

Lamesa, 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
Cedar Rapids Bank and Trust Company $4,755,000 n/a 19.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,065,000 $1,805,000 69.5% 7.2%
QUICKEN LOANS, LLC $1,005,000 $1,420,000 41.3% 5.7%
LRS FINANCIAL NETWORK, INC. $1,190,000 $1,260,000 5.9% 5.0%
INTERLINC MORTGAGE SERVICES, LLC $165,000 $1,060,000 542.4% 4.2%
First United Bank $700,000 $955,000 36.4% 3.8%
FREEDOM MORTGAGE CORPORATION $525,000 $955,000 81.9% 3.8%
First Bank & Trust $1,145,000 $890,000 -22.3% 3.6%
THRIVE MORTGAGE, LLC $730,000 n/a 2.9%
INFINITY MORTGAGE HOLDINGS, LLC $285,000 $705,000 147.4% 2.8%
Alliance Credit Union $65,000 $660,000 915.4% 2.6%
Gateway First Bank $140,000 $505,000 260.7% 2.0%
City Bank $755,000 $460,000 -39.1% 1.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $270,000 $460,000 70.4% 1.8%
LAKEVIEW LOAN SERVICING, LLC $420,000 n/a 1.7%
21ST MORTGAGE CORPORATION $275,000 $400,000 45.5% 1.6%
PENNYMAC LOAN SERVICES, LLC $385,000 n/a 1.5%
Wells Fargo Bank $515,000 $365,000 -29.1% 1.5%
AMCAP MORTGAGE, LTD. $485,000 $355,000 -26.8% 1.4%
TEXAS TECH $230,000 $355,000 54.3% 1.4%
CONTOUR MORTGAGE CORPORATION $295,000 n/a 1.2%
Prosperity Bank $65,000 $290,000 346.2% 1.2%
Carrington Mortgage Services, LLC $285,000 n/a 1.1%
UNITED WHOLESALE MORTGAGE, LLC $265,000 n/a 1.1%
Paramount Residential Mortgage Group, Inc. $260,000 n/a 1.0%
HOMETRUST MORTGAGE COMPANY $190,000 $255,000 34.2% 1.0%
Western Bank $425,000 $235,000 -44.7% 0.9%
ANGEL OAK HOME LOANS LLC $225,000 n/a 0.9%
SFMC, LP $220,000 n/a 0.9%
MORTGAGE FINANCIAL SERVICES, LLC $215,000 n/a 0.9%
U.S. Bank $215,000 n/a 0.9%
USAA Federal Savings Bank $210,000 n/a 0.8%
Colonial Savings, F.A. $75,000 $195,000 160.0% 0.8%
Education Credit Union $195,000 n/a 0.8%
Amarillo National Bank $135,000 $185,000 37.0% 0.7%
AMERISAVE MORTGAGE CORPORATION $175,000 n/a 0.7%
BROKER SOLUTIONS, INC. $175,000 n/a 0.7%
CROSSCOUNTRY MORTGAGE, LLC $175,000 n/a 0.7%
Bank of America $160,000 n/a 0.6%
AMERICAN FINANCIAL NETWORK, INC. $145,000 n/a 0.6%
AmeriHome Mortgage Company, LLC $430,000 $145,000 -66.3% 0.6%
CERTAINTY HOME LOANS, LLC $140,000 n/a 0.6%
COUNTRYPLACE MORTGAGE, LTD. $135,000 n/a 0.5%
DHI MORTGAGE COMPANY, LTD. $135,000 n/a 0.5%
ACADEMY MORTGAGE CORPORATION $130,000 n/a 0.5%
MOVEMENT MORTGAGE, LLC $130,000 n/a 0.5%
Flagstar Bank, FSB $125,000 n/a 0.5%
LEGACY MORTGAGE LLC $115,000 n/a 0.5%
Happy State Bank $105,000 n/a 0.4%
SUCCESS MORTGAGE PARTNERS, INC. $105,000 n/a 0.4%
Network Funding, L.P. $95,000 n/a 0.4%
Citizens Bank $255,000 $85,000 -66.7% 0.3%
CALIBER HOME LOANS, INC. $75,000 n/a 0.3%
Wyndham Capital Mortgage, Inc. $75,000 n/a 0.3%
NEWREZ LLC $65,000 n/a 0.3%
Truist Bank $55,000 n/a 0.2%
1ST COMMUNITY FEDERAL CREDIT UNION $45,000 n/a 0.2%

Lamesa's top lender by overall market share is Cedar Rapids Bank and Trust Company, with 19.0% market share. In second place, with 7.2%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $1,805,000 in loans. In third place, with 5.7%, is QUICKEN LOANS, LLC, having originated $1,420,000 in loans. In third place, with 5.0%, is LRS FINANCIAL NETWORK, INC., having originated $1,260,000 in loans. In third place, with 4.2%, is INTERLINC MORTGAGE SERVICES, LLC, having originated $1,060,000 in loans.


Lamesa, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 97 $17,975,000 $185,309
Refi 35 $5,195,000 $148,429
Cash Out Refi 14 $1,670,000 $119,286
Home Improvement 3 $195,000 $65,000

Lamesa's most frequently cited loan purpose was Home Purchase, with 97 originations. The 2nd most popular reason was Refi, with 35 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 64 $9,030,000 $141,094
2.5-3% 42 $6,210,000 $147,857
<2.5% 20 $2,580,000 $129,000
4-5% 16 $1,770,000 $110,625
Over 8% 4 $400,000 $100,000
5-6% 1 $155,000 $155,000
6-7% 1 $135,000 $135,000

During 2021, Lamesa's most frequently originated rate bucket was 3-4%, with 64 originations.

Loan Sizing (Lamesa, TX MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 78 $10,950,000 $140,385
$100,000 or less 44 $2,830,000 $64,318
$200k-400k 26 $6,500,000 $250,000
$Over $1MM 1 $4,755,000 $4,755,000

Lamesa's loan sizing saw the bucket of loans from $100k-200k with 78 originations, totaling $10,950,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 84 $12,440,000 $148,095
60-80% 34 $4,760,000 $140,000
40-60% 9 $1,035,000 $115,000
20-40% 5 $305,000 $61,000
Under 20% 4 $20,000 $5,000
Over 100% 3 $555,000 $185,000

Lamesa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 84 originations, totaling $12,440,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Lamesa (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 $114,950 (27.7%) $121,569 (10.4%) 0.00 38
2018-02-01 $104,500 (16.2%) $116,575 (5.3%) 0.00 40
2018-03-01 $120,000 (41.2%) $139,395 (31.8%) 0.00 42
2018-04-01 $142,500 (59.2%) $164,986 (38.7%) 0.00 41
2018-05-01 $143,750 (69.1%) $172,804 (49.5%) 0.00 39
2018-06-01 $145,000 (70.7%) $179,395 (65.4%) 0.00 36
2018-07-01 $149,900 (76.6%) $185,628 (69.5%) 0.00 35
2018-08-01 $140,950 (70.3%) $182,988 (68.6%) 0.00 36
2018-09-01 $139,900 (55.4%) $196,679 (62.1%) 0.00 26
2018-10-01 $147,450 (51.6%) $160,743 (36.6%) 0.00 24
2018-11-01 $149,900 (42.8%) $183,026 (45.6%) 0.00 27
2018-12-01 $155,000 (47.6%) $194,137 (55.4%) 0.00 26
2019-01-01 $172,500 (50.1%) $200,786 (65.2%) 0.00 24
2019-02-01 $184,200 (76.3%) $210,614 (80.7%) 0.00 26
2019-03-01 $180,000 (50.0%) $202,870 (45.5%) 0.00 29
2019-04-01 $165,000 (15.8%) $195,757 (18.7%) 0.00 27
2019-05-01 $150,000 (4.4%) $181,478 (5.0%) 0.00 24
2019-06-01 $150,000 (3.5%) $176,250 (-1.8%) 0.00 23
2019-07-01 $158,000 (5.4%) $182,034 (-1.9%) 0.00 23
2019-08-01 $169,571 (20.3%) $192,202 (5.0%) 0.00 24
2019-09-01 $149,000 (6.5%) $196,555 (-0.1%) 0.00 20
2019-10-01 $152,000 (3.1%) $198,193 (23.3%) 0.00 21
2019-11-01 $145,000 (-3.3%) $163,919 (-10.4%) 0.00 21
2019-12-01 $150,000 (-3.2%) $171,442 (-11.7%) 0.00 25
2020-01-01 $176,250 (2.2%) $192,054 (-4.4%) 0.00 29
2020-02-01 $184,500 (0.2%) $188,789 (-10.4%) 0.00 28
2020-03-01 $150,000 (-16.7%) $175,438 (-13.5%) 0.00 31
2020-04-01 $157,500 (-4.6%) $179,260 (-8.4%) 0.00 25
2020-05-01 $165,000 (10.0%) $195,687 (7.8%) 0.00 26
2020-06-01 $167,500 (11.7%) $195,591 (11.0%) 0.00 28
2020-07-01 $150,000 (-5.1%) $176,109 (-3.3%) 0.00 27
2020-08-01 $135,000 (-20.4%) $160,113 (-16.7%) 0.00 24
2020-09-01 $126,500 (-15.1%) $152,343 (-22.5%) 0.00 21
2020-10-01 $153,000 (0.7%) $167,795 (-15.3%) 0.00 22
2020-11-01 $153,850 (6.1%) $170,278 (3.9%) 0.00 20
2020-12-01 $147,900 (-1.4%) $163,200 (-4.8%) 0.00 23
2021-01-01 $135,000 (-23.4%) $159,883 (-16.8%) 0.00 20
2021-02-01 $143,900 (-22.0%) $167,444 (-11.3%) 0.00 17
2021-03-01 $138,950 (-7.4%) $161,560 (-7.9%) 0.00 15
2021-04-01 $145,000 (-7.9%) $159,968 (-10.8%) 0.00 13
2021-05-01 $120,000 (-27.3%) $127,965 (-34.6%) 0.00 19
2021-06-01 $135,000 (-19.4%) $148,113 (-24.3%) 0.00 22
2021-07-01 $130,000 (-13.3%) $140,047 (-20.5%) 0.00 22
2021-08-01 $136,250 (0.9%) $146,886 (-8.3%) 0.00 22
2021-09-01 $137,750 (8.9%) $152,045 (-0.2%) 0.00 24
2021-10-01 $139,000 (-9.2%) $153,714 (-8.4%) 0.00 21
2021-11-01 $138,250 (-10.1%) $143,853 (-15.5%) 0.00 20
2021-12-01 $139,000 (-6.0%) $149,830 (-8.2%) 0.00 24
2022-01-01 $145,000 (7.4%) $151,055 (-5.5%) 0.00 23
2022-02-01 $154,450 (7.3%) $173,775 (3.8%) 0.00 13
2022-03-01 $163,700 (17.8%) $228,115 (41.2%) 0.00 12
2022-04-01 $175,500 (21.0%) $245,933 (53.7%) 0.00 13
2022-05-01 $232,500 (93.8%) $276,792 (116.3%) 0.00 11
2022-06-01 $238,750 (76.9%) $277,859 (87.6%) 0.00 14
Lamesa's median listing price for 2022-06-01 was $238,750, a difference of $103,750 (76.9%) versus the prior year and $6,250 versus the prior month.

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

Lamesa's average listing price for 2022-06-01 was $277,859, a difference of $129,746 (87.6%) versus the prior year and $1,067 versus the prior month.

For the 2022-06-01 period, Lamesa had 14 MLS listings, a difference of 3 listings (27%) versus the prior month and -8 listings (-36%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Lamesa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,800 sqft
2018-02-01 0 days 1,836 sqft
2018-03-01 0 days 2,008 sqft
2018-04-01 0 days 2,077 sqft
2018-05-01 0 days 2,147 sqft
2018-06-01 0 days 2,143 sqft
2018-07-01 0 days 2,260 sqft
2018-08-01 0 days 2,136 sqft
2018-09-01 0 days 2,280 sqft
2018-10-01 0 days 2,136 sqft
2018-11-01 0 days 2,194 sqft
2018-12-01 0 days 2,222 sqft
2019-01-01 0 days 2,314 sqft
2019-02-01 0 days 2,428 sqft
2019-03-01 0 days 2,257 sqft
2019-04-01 0 days 2,139 sqft
2019-05-01 0 days 2,181 sqft
2019-06-01 0 days 2,139 sqft
2019-07-01 0 days 2,250 sqft
2019-08-01 0 days 2,328 sqft
2019-09-01 0 days 2,395 sqft
2019-10-01 0 days 2,398 sqft
2019-11-01 0 days 1,978 sqft
2019-12-01 0 days 2,398 sqft
2020-01-01 0 days 2,545 sqft
2020-02-01 0 days 2,395 sqft
2020-03-01 0 days 2,139 sqft
2020-04-01 0 days 2,126 sqft
2020-05-01 0 days 2,139 sqft
2020-06-01 0 days 2,139 sqft
2020-07-01 0 days 2,100 sqft
2020-08-01 0 days 2,139 sqft
2020-09-01 0 days 2,060 sqft
2020-10-01 0 days 2,151 sqft
2020-11-01 0 days 2,151 sqft
2020-12-01 0 days 2,020 sqft
2021-01-01 0 days 2,088 sqft
2021-02-01 0 days 2,279 sqft
2021-03-01 0 days 2,188 sqft
2021-04-01 0 days 2,188 sqft
2021-05-01 0 days 1,632 sqft
2021-06-01 0 days 1,927 sqft
2021-07-01 0 days 1,927 sqft
2021-08-01 0 days 1,785 sqft
2021-09-01 0 days 1,927 sqft
2021-10-01 0 days 1,957 sqft
2021-11-01 0 days 1,927 sqft
2021-12-01 0 days 1,880 sqft
2022-01-01 0 days 2,030 sqft
2022-02-01 0 days 2,139 sqft
2022-03-01 0 days 2,139 sqft
2022-04-01 0 days 2,100 sqft
2022-05-01 0 days 2,338 sqft
2022-06-01 0 days 2,427 sqft
Lamesa's median listing age (time on market) for 2022-06-01 was 0 days.

Lamesa's median square footage for active listings during the 2022-06-01 period was 2,427 sqft. One year prior, the average listing was 1,927 sqft.