Lamesa Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Lamesa averaged
6.32%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.02% and
one month ago for the week of 2024-09-05, the
average rate was 6.35%.
Lamesa's average rate one year ago was 7.59%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.32%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Lamesa 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Lamesa 30 Year Fixed Rate Refi | 2024-10-10 | 6.32% |
Lamesa 15 Year Fixed Rate | 2024-10-10 | 5.21% |
Lamesa 15 Year Fixed Rate Refi | 2024-10-10 | 5.61% |
Lamesa 30 Year FHA | 2024-10-10 | 6.2% |
Lamesa 30 Year FHA Refi | 2024-10-10 | 6.1% |
Lamesa 30 Year USDA | 2024-10-10 | 6.28% |
Lamesa 30 Year USDA Refi | 2024-10-10 | 6.28% |
Lamesa 30 Year VA | 2024-10-10 | 5.75% |
Lamesa 30 Year VA Refi | 2024-10-10 | 5.85% |
Lamesa Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, 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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
LRS FINANCIAL NETWORK, INC. | 4 | 6.90% | $6,163 |
First United Bank | 3 | 7.21% | $6,412 |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | 2 | 6.31% | $7,526 |
THRIVE MORTGAGE, LLC | 2 | 6.38% | $5,954 |
INTERLINC MORTGAGE SERVICES, LLC | 1 | 7.13% | $3,358 |
LOANDEPOT.COM, LLC | 1 | 8.63% | $3,346 |
MORTGAGE FINANCIAL SERVICES, LLC | 1 | 6.25% | $2,702 |
Prosperity Bank | 1 | 7.88% | $3,770 |
QUICKEN LOANS, LLC | 1 | 6.75% | $3,864 |
T2 FINANCIAL LLC | 1 | 6.63% | $14,063 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.13% | $12,686 |
AmeriHome Mortgage Company, LLC | 1 | 6.75% | $11,508 |
Wells Fargo Bank | 1 | 5.88% | $4,789 |
AMERISAVE MORTGAGE CORPORATION | 1 | 5.88% | $6,883 |
Bank of America | 1 | 6.38% | $14,095 |
Discover Bank | 1 | 7.49% | $0 |
Lamesa Average Closing Costs & Other Stats
Lamesa, TX's 16 lenders originated 83
loans during 2023. The total origination value was $13,585,000, with an average loan value of
$163,675.
Lamesa's average closing costs are $5,842.
The top Lamesa lender as defined by loan originations is LRS FINANCIAL NETWORK, INC., with
4 loans originated. Their average total fees are
$6,163, which is $248
lower than the next largest lender,
First United Bank.
The lowest fee Lamesa lenders (with over 10 loans originated) are
.
The lowest rate Lamesa lenders (with over 10 loans originated) are
.
Lamesa, TX Mortgage 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,750,000 | $3,095,000 | 76.9% | 22.8% |
LRS FINANCIAL NETWORK, INC. | $370,000 | $1,280,000 | 245.9% | 9.4% |
INTERLINC MORTGAGE SERVICES, LLC | $490,000 | $760,000 | 55.1% | 5.6% |
T2 FINANCIAL LLC | $705,000 | n/a | 5.2% | |
First United Bank | $985,000 | $570,000 | -42.1% | 4.2% |
QUICKEN LOANS, LLC | $1,000,000 | $480,000 | -52.0% | 3.5% |
City Bank | $165,000 | $435,000 | 163.6% | 3.2% |
CARDINAL FINANCIAL | $170,000 | $420,000 | 147.1% | 3.1% |
Bank of America | $375,000 | n/a | 2.8% | |
THRIVE MORTGAGE, LLC | $575,000 | $370,000 | -35.7% | 2.7% |
Prosperity Bank | $140,000 | $360,000 | 157.1% | 2.6% |
BROOKHOLLOW MORTGAGE SERVICES, LTD | $345,000 | n/a | 2.5% | |
Mortgage Research Center, LLC | $815,000 | $330,000 | -59.5% | 2.4% |
AMERISAVE MORTGAGE CORPORATION | $320,000 | n/a | 2.4% | |
Alliance Credit Union | $995,000 | $315,000 | -68.3% | 2.3% |
PENNYMAC LOAN SERVICES, LLC | $300,000 | n/a | 2.2% | |
21ST MORTGAGE CORPORATION | $200,000 | $290,000 | 45.0% | 2.1% |
Community National Bank | $270,000 | n/a | 2.0% | |
AmeriHome Mortgage Company, LLC | $265,000 | n/a | 2.0% | |
ZILLOW HOME LOANS, LLC | $225,000 | n/a | 1.7% | |
UNITED WHOLESALE MORTGAGE, LLC | $205,000 | n/a | 1.5% | |
NBKC BANK | $195,000 | n/a | 1.4% | |
PlainsCapital Bank | $185,000 | n/a | 1.4% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $180,000 | n/a | 1.3% | |
GUARANTEED RATE, INC. | $175,000 | n/a | 1.3% | |
West Texas National Bank | $175,000 | n/a | 1.3% | |
BancorpSouth | $165,000 | n/a | 1.2% | |
AMCAP MORTGAGE, LTD. | $300,000 | $135,000 | -55.0% | 1.0% |
Century Mortgage Company DBA Century Lending Company | $135,000 | n/a | 1.0% | |
MORTGAGE FINANCIAL SERVICES, LLC | $155,000 | $105,000 | -32.3% | 0.8% |
LOANDEPOT.COM, LLC | $320,000 | $95,000 | -70.3% | 0.7% |
Discover Bank | $85,000 | n/a | 0.6% | |
Wells Fargo Bank | $185,000 | $65,000 | -64.9% | 0.5% |
MUTUAL OF OMAHA MORTGAGE, INC. | $45,000 | n/a | 0.3% | |
NAVY FEDERAL CREDIT UNION | $15,000 | n/a | 0.1% |
Lamesa's top lender by overall market share is ARK-LA-TEX FINANCIAL SERVICES, LLC., with 22.8% market share. In second place, with 9.4%, is LRS FINANCIAL NETWORK, INC., having originated $1,280,000 in loans. In third place, with 5.6%, is INTERLINC MORTGAGE SERVICES, LLC, having originated $760,000 in loans. In fourth place, with 5.2%, is T2 FINANCIAL LLC, having originated $705,000 in loans. In fifth place, with 4.2%, is First United Bank, having originated $570,000 in loans.
Lamesa Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Lamesa (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 | $114,950 (21.1%) | $127,635 (5.8%) | 0.00 | 37 |
2018-02-01 | $101,375 (11.1%) | $116,009 (1.8%) | 0.00 | 40 |
2018-03-01 | $99,500 (12.6%) | $126,710 (18.7%) | 0.00 | 39 |
2018-04-01 | $122,500 (36.5%) | $148,514 (34.0%) | 0.00 | 37 |
2018-05-01 | $123,750 (38.3%) | $153,556 (40.2%) | 0.00 | 35 |
2018-06-01 | $125,000 (47.1%) | $158,666 (54.8%) | 0.00 | 30 |
2018-07-01 | $118,000 (38.8%) | $161,702 (58.0%) | 0.00 | 29 |
2018-08-01 | $124,975 (48.2%) | $164,318 (63.0%) | 0.00 | 32 |
2018-09-01 | $139,900 (59.9%) | $172,563 (41.0%) | 0.00 | 25 |
2018-10-01 | $147,450 (49.9%) | $167,971 (38.2%) | 0.00 | 25 |
2018-11-01 | $151,175 (44.0%) | $195,447 (48.7%) | 0.00 | 28 |
2018-12-01 | $155,000 (47.6%) | $194,137 (48.7%) | 0.00 | 26 |
2019-01-01 | $172,500 (50.1%) | $200,786 (57.3%) | 0.00 | 25 |
2019-02-01 | $184,200 (81.7%) | $212,849 (83.5%) | 0.00 | 26 |
2019-03-01 | $173,571 (74.4%) | $205,424 (62.1%) | 0.00 | 30 |
2019-04-01 | $157,500 (28.6%) | $193,476 (30.3%) | 0.00 | 28 |
2019-05-01 | $147,000 (18.8%) | $180,250 (17.4%) | 0.00 | 26 |
2019-06-01 | $150,000 (20.0%) | $169,954 (7.1%) | 0.00 | 23 |
2019-07-01 | $157,750 (33.7%) | $182,034 (12.6%) | 0.00 | 24 |
2019-08-01 | $169,909 (36.0%) | $192,160 (16.9%) | 0.00 | 23 |
2019-09-01 | $161,523 (15.5%) | $197,140 (14.2%) | 0.00 | 22 |
2019-10-01 | $155,000 (5.1%) | $199,675 (18.9%) | 0.00 | 21 |
2019-11-01 | $145,000 (-4.1%) | $165,365 (-15.4%) | 0.00 | 20 |
2019-12-01 | $154,500 (-0.3%) | $172,031 (-11.4%) | 0.00 | 21 |
2020-01-01 | $184,500 (7.0%) | $197,331 (-1.7%) | 0.00 | 24 |
2020-02-01 | $184,500 (0.2%) | $188,575 (-11.4%) | 0.00 | 25 |
2020-03-01 | $150,000 (-13.6%) | $177,191 (-13.7%) | 0.00 | 28 |
2020-04-01 | $161,250 (2.4%) | $182,971 (-5.4%) | 0.00 | 22 |
2020-05-01 | $169,999 (15.7%) | $204,021 (13.2%) | 0.00 | 22 |
2020-06-01 | $172,374 (14.9%) | $201,610 (18.6%) | 0.00 | 25 |
2020-07-01 | $156,000 (-1.1%) | $180,715 (-0.7%) | 0.00 | 26 |
2020-08-01 | $135,000 (-20.6%) | $160,113 (-16.7%) | 0.00 | 24 |
2020-09-01 | $127,250 (-21.2%) | $153,748 (-22.0%) | 0.00 | 22 |
2020-10-01 | $144,000 (-7.1%) | $167,795 (-16.0%) | 0.00 | 22 |
2020-11-01 | $153,850 (6.1%) | $170,278 (3.0%) | 0.00 | 21 |
2020-12-01 | $141,450 (-8.5%) | $163,200 (-5.1%) | 0.00 | 24 |
2021-01-01 | $135,000 (-26.8%) | $158,217 (-19.8%) | 0.00 | 21 |
2021-02-01 | $140,900 (-23.6%) | $167,444 (-11.2%) | 0.00 | 19 |
2021-03-01 | $138,950 (-7.4%) | $162,657 (-8.2%) | 0.00 | 16 |
2021-04-01 | $143,750 (-10.9%) | $164,396 (-10.2%) | 0.00 | 14 |
2021-05-01 | $119,500 (-29.7%) | $127,965 (-37.3%) | 0.00 | 20 |
2021-06-01 | $137,500 (-20.2%) | $148,391 (-26.4%) | 0.00 | 22 |
2021-07-01 | $130,000 (-16.7%) | $139,181 (-23.0%) | 0.00 | 22 |
2021-08-01 | $135,625 (0.5%) | $150,197 (-6.2%) | 0.00 | 23 |
2021-09-01 | $137,125 (7.8%) | $152,045 (-1.1%) | 0.00 | 25 |
2021-10-01 | $141,500 (-1.7%) | $155,259 (-7.5%) | 0.00 | 21 |
2021-11-01 | $139,000 (-9.7%) | $143,853 (-15.5%) | 0.00 | 20 |
2021-12-01 | $129,500 (-8.5%) | $149,715 (-8.3%) | 0.00 | 25 |
2022-01-01 | $139,000 (3.0%) | $150,139 (-5.1%) | 0.00 | 23 |
2022-02-01 | $154,350 (9.6%) | $173,775 (3.8%) | 0.00 | 13 |
2022-03-01 | $159,700 (14.9%) | $180,231 (10.8%) | 0.00 | 12 |
2022-04-01 | $175,250 (21.9%) | $202,808 (23.4%) | 0.00 | 12 |
2022-05-01 | $211,500 (77.0%) | $239,337 (87.0%) | 0.00 | 11 |
2022-06-01 | $218,750 (59.1%) | $241,681 (62.9%) | 0.00 | 14 |
2022-07-01 | $199,950 (53.8%) | $220,394 (58.4%) | 0.00 | 21 |
2022-08-01 | $195,000 (43.8%) | $223,109 (48.5%) | 0.00 | 29 |
2022-09-01 | $187,499 (36.7%) | $227,749 (49.8%) | 0.00 | 37 |
2022-10-01 | $190,000 (34.3%) | $226,018 (45.6%) | 0.00 | 34 |
2022-11-01 | $181,225 (30.4%) | $218,611 (52.0%) | 0.00 | 38 |
2022-12-01 | $156,000 (20.5%) | $211,640 (41.4%) | 0.00 | 39 |
2023-01-01 | $176,250 (26.8%) | $216,948 (44.5%) | 0.00 | 32 |
2023-02-01 | $172,000 (11.4%) | $209,452 (20.5%) | 0.00 | 32 |
2023-03-01 | $155,998 (-2.3%) | $202,512 (12.4%) | 0.00 | 25 |
2023-04-01 | $170,000 (-3.0%) | $213,788 (5.4%) | 0.00 | 23 |
2023-05-01 | $189,750 (-10.3%) | $227,940 (-4.8%) | 0.00 | 21 |
2023-06-01 | $219,225 (0.2%) | $236,536 (-2.1%) | 0.00 | 22 |
2023-07-01 | $169,000 (-15.5%) | $208,524 (-5.4%) | 0.00 | 33 |
2023-08-01 | $180,000 (-7.7%) | $213,755 (-4.2%) | 0.00 | 38 |
2023-09-01 | $185,000 (-1.3%) | $217,087 (-4.7%) | 0.00 | 38 |
2023-10-01 | $190,000 (0.0%) | $217,649 (-3.7%) | 0.00 | 40 |
2023-11-01 | $192,000 (6.0%) | $219,062 (0.2%) | 0.00 | 34 |
2023-12-01 | $195,000 (25.0%) | $222,763 (5.3%) | 0.00 | 35 |
2024-01-01 | $190,250 (7.9%) | $218,453 (0.7%) | 0.00 | 34 |
2024-02-01 | $191,500 (11.3%) | $224,341 (7.1%) | 0.00 | 33 |
2024-03-01 | $187,000 (19.9%) | $205,623 (1.5%) | 0.00 | 34 |
2024-04-01 | $180,875 (6.4%) | $209,666 (-1.9%) | 0.00 | 36 |
2024-05-01 | $180,500 (-4.9%) | $206,238 (-9.5%) | 0.00 | 41 |
2024-06-01 | $178,000 (-18.8%) | $199,960 (-15.5%) | 0.00 | 37 |
2024-07-01 | $172,463 (2.1%) | $180,696 (-13.4%) | 0.00 | 38 |
2024-08-01 | $175,000 (-2.8%) | $228,817 (7.1%) | 0.00 | 37 |
2024-09-01 | $187,000 (1.1%) | $248,585 (14.5%) | 0.00 | 31 |
Lamesa's median listing price comes in at 0% of the national average.
Lamesa's average listing price for 2024-09-01 was $248,585, a difference of $31,498 (14.5%) versus the prior year and $19,768 versus the prior month.
For the 2024-09-01 period, Lamesa had 31 MLS listings, a difference of -6 listings (-16%) versus the prior month and -7 listings (-18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Lamesa (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,822 sqft |
2018-02-01 | 0 days | 1,831 sqft |
2018-03-01 | 0 days | 1,965 sqft |
2018-04-01 | 0 days | 2,016 sqft |
2018-05-01 | 0 days | 2,123 sqft |
2018-06-01 | 0 days | 2,077 sqft |
2018-07-01 | 0 days | 2,141 sqft |
2018-08-01 | 0 days | 2,088 sqft |
2018-09-01 | 0 days | 2,166 sqft |
2018-10-01 | 0 days | 2,159 sqft |
2018-11-01 | 0 days | 2,245 sqft |
2018-12-01 | 0 days | 2,222 sqft |
2019-01-01 | 0 days | 2,314 sqft |
2019-02-01 | 0 days | 2,418 sqft |
2019-03-01 | 0 days | 2,246 sqft |
2019-04-01 | 0 days | 2,101 sqft |
2019-05-01 | 0 days | 2,147 sqft |
2019-06-01 | 0 days | 2,088 sqft |
2019-07-01 | 0 days | 2,236 sqft |
2019-08-01 | 0 days | 2,305 sqft |
2019-09-01 | 0 days | 2,359 sqft |
2019-10-01 | 0 days | 2,398 sqft |
2019-11-01 | 0 days | 2,187 sqft |
2019-12-01 | 0 days | 2,227 sqft |
2020-01-01 | 0 days | 2,398 sqft |
2020-02-01 | 0 days | 2,287 sqft |
2020-03-01 | 0 days | 2,114 sqft |
2020-04-01 | 0 days | 2,107 sqft |
2020-05-01 | 0 days | 2,139 sqft |
2020-06-01 | 0 days | 2,149 sqft |
2020-07-01 | 0 days | 2,129 sqft |
2020-08-01 | 0 days | 2,119 sqft |
2020-09-01 | 0 days | 1,974 sqft |
2020-10-01 | 0 days | 2,106 sqft |
2020-11-01 | 0 days | 2,151 sqft |
2020-12-01 | 0 days | 1,979 sqft |
2021-01-01 | 0 days | 2,059 sqft |
2021-02-01 | 0 days | 2,253 sqft |
2021-03-01 | 0 days | 2,186 sqft |
2021-04-01 | 0 days | 2,163 sqft |
2021-05-01 | 0 days | 1,589 sqft |
2021-06-01 | 0 days | 1,864 sqft |
2021-07-01 | 0 days | 1,927 sqft |
2021-08-01 | 0 days | 1,856 sqft |
2021-09-01 | 0 days | 1,913 sqft |
2021-10-01 | 0 days | 1,927 sqft |
2021-11-01 | 0 days | 1,927 sqft |
2021-12-01 | 0 days | 1,904 sqft |
2022-01-01 | 0 days | 1,979 sqft |
2022-02-01 | 0 days | 2,120 sqft |
2022-03-01 | 0 days | 2,065 sqft |
2022-04-01 | 0 days | 2,001 sqft |
2022-05-01 | 0 days | 2,177 sqft |
2022-06-01 | 0 days | 2,338 sqft |
2022-07-01 | 0 days | 2,033 sqft |
2022-08-01 | 0 days | 2,084 sqft |
2022-09-01 | 0 days | 2,093 sqft |
2022-10-01 | 0 days | 2,268 sqft |
2022-11-01 | 0 days | 2,265 sqft |
2022-12-01 | 0 days | 2,105 sqft |
2023-01-01 | 0 days | 2,302 sqft |
2023-02-01 | 0 days | 2,220 sqft |
2023-03-01 | 0 days | 2,257 sqft |
2023-04-01 | 0 days | 2,290 sqft |
2023-05-01 | 0 days | 2,168 sqft |
2023-06-01 | 0 days | 2,520 sqft |
2023-07-01 | 0 days | 1,955 sqft |
2023-08-01 | 0 days | 1,904 sqft |
2023-09-01 | 0 days | 1,984 sqft |
2023-10-01 | 0 days | 2,048 sqft |
2023-11-01 | 0 days | 2,048 sqft |
2023-12-01 | 0 days | 2,180 sqft |
2024-01-01 | 0 days | 2,116 sqft |
2024-02-01 | 0 days | 2,192 sqft |
2024-03-01 | 0 days | 2,180 sqft |
2024-04-01 | 0 days | 2,104 sqft |
2024-05-01 | 0 days | 2,092 sqft |
2024-06-01 | 0 days | 2,030 sqft |
2024-07-01 | 0 days | 1,869 sqft |
2024-08-01 | 0 days | 1,871 sqft |
2024-09-01 | 0 days | 2,117 sqft |
Lamesa's median square footage for active listings during the 2024-09-01 period was 2,117 sqft. One year prior, the average listing was 1,984 sqft.
Lamesa, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 70 | $12,010,000 | $171,571 |
Cash Out Refi | 6 | $700,000 | $116,667 |
Other | 3 | $245,000 | $81,667 |
Refi | 3 | $615,000 | $205,000 |
Home Improvement | 1 | $15,000 | $15,000 |
Lamesa's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 36 | $6,350,000 | $176,389 |
7-8% | 23 | $4,005,000 | $174,130 |
5-6% | 12 | $1,880,000 | $156,667 |
Over 8% | 7 | $715,000 | $102,143 |
<2.5% | 1 | $5,000 | $5,000 |
During 2023, Lamesa's most frequently originated rate bucket was 6-7%, with 36 originations.
Loan Sizing (Lamesa, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 48 | $6,950,000 | $144,792 |
$200k-400k | 20 | $5,460,000 | $273,000 |
$100,000 or less | 14 | $770,000 | $55,000 |
$400k-600k | 1 | $405,000 | $405,000 |
Lamesa's loan sizing saw the bucket of loans from $100k-200k with 48 originations, totaling $6,950,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 57 | $10,725,000 | $188,158 |
60-80% | 11 | $1,375,000 | $125,000 |
40-60% | 6 | $710,000 | $118,333 |
Under 20% | 3 | $25,000 | $8,333 |
20-40% | 2 | $120,000 | $60,000 |
Lamesa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 57 originations, totaling $10,725,000 in origination value.