Lamesa Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Lamesa averaged
6.77%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.39% and
one month ago for the week of 2023-04-20, the
average rate was 6.29%.
Lamesa's average rate one year ago was 5.25%.
For refis of the same type during the week of 2023-05-25, the average rate
was 6.87%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
Lamesa 30 Year Fixed Rate | 2023-05-25 | 6.77% |
Lamesa 30 Year Fixed Rate Refi | 2023-05-25 | 6.87% |
Lamesa 15 Year Fixed Rate | 2023-05-25 | 5.77% |
Lamesa 15 Year Fixed Rate Refi | 2023-05-25 | 6.47% |
Lamesa 30 Year FHA | 2023-05-25 | 6.51% |
Lamesa 30 Year FHA Refi | 2023-05-25 | 6.71% |
Lamesa 30 Year USDA | 2023-05-25 | 6.53% |
Lamesa 30 Year USDA Refi | 2023-05-25 | 6.63% |
Lamesa 30 Year VA | 2023-05-25 | 6.41% |
Lamesa 30 Year VA Refi | 2023-05-25 | 6.21% |
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
---|---|---|---|
ARK-LA-TEX FINANCIAL SERVICES, LLC. | 6 | 6.17% | $3,490 |
QUICKEN LOANS, LLC | 5 | 5.70% | $5,345 |
THRIVE MORTGAGE, LLC | 3 | 5.08% | $5,456 |
PRIMELENDING, A PLAINSCAPITAL COMPANY | 2 | 4.56% | $5,956 |
TEXAS TECH | 2 | 4.69% | $4,439 |
Farm Credit Mid-America, ACA | 1 | 6.50% | $13,754 |
First Bank & Trust | 1 | 5.75% | $7,157 |
First Basin Credit Union | 1 | 5.25% | $5,450 |
First United Bank | 1 | 3.75% | $10,472 |
INTEGRITY MORTGAGE CORPORATION OF TEXAS | 1 | 5.99% | $6,239 |
LOANDEPOT.COM, LLC | 1 | 5.50% | $10,335 |
Amarillo National Bank | 1 | 6.63% | $7,297 |
Wells Fargo Bank | 1 | 4.25% | $7,119 |
AMERICAN FINANCING CORPORATION | 1 | 5.75% | $6,539 |
CALIBER HOME LOANS, INC. | 1 | 9.38% | $8,567 |
Centennial Bank | 1 | 3.88% | $3,953 |
City Bank | 1 | 3.75% | $9,975 |
Lamesa Average Closing Costs & Other Stats
Lamesa, TX's 17 lenders originated 104
loans during 2022. The total origination value was $15,770,000, with an average loan value of
$151,635.
Lamesa's average closing costs are $5,615.
The top Lamesa lender as defined by loan originations is ARK-LA-TEX FINANCIAL SERVICES, LLC., with
6 loans originated. Their average total fees are
$3,490, which is $1,855
lower than the next largest lender,
QUICKEN LOANS, 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 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,805,000 | $1,750,000 | -3.0% | 11.1% |
QUICKEN LOANS, LLC | $1,420,000 | $1,000,000 | -29.6% | 6.3% |
Alliance Credit Union | $660,000 | $995,000 | 50.8% | 6.3% |
First United Bank | $955,000 | $985,000 | 3.1% | 6.2% |
First Bank & Trust | $890,000 | $900,000 | 1.1% | 5.7% |
Mortgage Research Center, LLC | $815,000 | n/a | 5.2% | |
The First National Bank of Albany | $765,000 | n/a | 4.9% | |
FirstCapital Bank of Texas | $645,000 | n/a | 4.1% | |
THRIVE MORTGAGE, LLC | $730,000 | $575,000 | -21.2% | 3.6% |
Farm Credit Mid-America, ACA | $535,000 | n/a | 3.4% | |
EVERETT FINANCIAL, INC. | $510,000 | n/a | 3.2% | |
INTERLINC MORTGAGE SERVICES, LLC | $1,060,000 | $490,000 | -53.8% | 3.1% |
LRS FINANCIAL NETWORK, INC. | $1,260,000 | $370,000 | -70.6% | 2.3% |
CALIBER HOME LOANS, INC. | $75,000 | $350,000 | 366.7% | 2.2% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $345,000 | n/a | 2.2% | |
LOANDEPOT.COM, LLC | $320,000 | n/a | 2.0% | |
AMCAP MORTGAGE, LTD. | $355,000 | $300,000 | -15.5% | 1.9% |
Centennial Bank | $290,000 | n/a | 1.8% | |
Gateway First Bank | $505,000 | $285,000 | -43.6% | 1.8% |
TEXAS TECH | $355,000 | $260,000 | -26.8% | 1.6% |
GREAT WESTERN FINANCIAL SERVICES, INC. | $250,000 | n/a | 1.6% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $460,000 | $240,000 | -47.8% | 1.5% |
21ST MORTGAGE CORPORATION | $400,000 | $200,000 | -50.0% | 1.3% |
Wells Fargo Bank | $365,000 | $185,000 | -49.3% | 1.2% |
AMERICAN FINANCING CORPORATION | $180,000 | n/a | 1.1% | |
Encompass Lending Group, LP | $175,000 | n/a | 1.1% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $170,000 | n/a | 1.1% | |
City Bank | $460,000 | $165,000 | -64.1% | 1.0% |
First Basin Credit Union | $165,000 | n/a | 1.0% | |
U.S. Bank | $215,000 | $165,000 | -23.3% | 1.0% |
Amarillo National Bank | $185,000 | $155,000 | -16.2% | 1.0% |
CITY FIRST MORTGAGE SERVICES, L.L.C. | $155,000 | n/a | 1.0% | |
MORTGAGE FINANCIAL SERVICES, LLC | $215,000 | $155,000 | -27.9% | 1.0% |
MOUNTAIN WEST FINANCIAL, INC. | $150,000 | n/a | 1.0% | |
Prosperity Bank | $290,000 | $140,000 | -51.7% | 0.9% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $125,000 | n/a | 0.8% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $125,000 | n/a | 0.8% | |
Carrington Mortgage Services, LLC | $285,000 | $105,000 | -63.2% | 0.7% |
CHURCHILL MORTGAGE CORPORATION | $95,000 | n/a | 0.6% | |
INTEGRITY MORTGAGE CORPORATION OF TEXAS | $85,000 | n/a | 0.5% | |
LOANPAL, LLC | $55,000 | n/a | 0.3% | |
EL PASO AREA TEACHERS | $45,000 | n/a | 0.3% |
Lamesa's top lender by overall market share is ARK-LA-TEX FINANCIAL SERVICES, LLC., with 11.1% market share. In second place, with 6.3%, is QUICKEN LOANS, LLC, having originated $1,000,000 in loans. In third place, with 6.3%, is Alliance Credit Union, having originated $995,000 in loans. In fourth place, with 6.2%, is First United Bank, having originated $985,000 in loans. In fifth place, with 5.7%, is First Bank & Trust, having originated $900,000 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 | $180,000 (80.9%) | $200,119 (57.9%) | 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 | $175,500 (40.4%) | $187,397 (14.1%) | 0.00 | 26 |
2019-09-01 | $153,500 (9.7%) | $204,258 (18.4%) | 0.00 | 19 |
2019-10-01 | $152,000 (3.1%) | $198,193 (18.0%) | 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 (-16.7%) | $177,191 (-11.5%) | 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 (-23.1%) | $160,113 (-14.6%) | 0.00 | 24 |
2020-09-01 | $127,250 (-17.1%) | $153,748 (-24.7%) | 0.00 | 22 |
2020-10-01 | $144,000 (-5.3%) | $167,795 (-15.3%) | 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 | 23 |
2021-01-01 | $135,000 (-26.8%) | $158,217 (-19.8%) | 0.00 | 20 |
2021-02-01 | $140,900 (-23.6%) | $167,444 (-11.2%) | 0.00 | 18 |
2021-03-01 | $138,950 (-7.4%) | $162,657 (-8.2%) | 0.00 | 15 |
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 |
Lamesa's median listing price comes in at 0% of the national average.
Lamesa's average listing price for 2023-04-01 was $213,788, a difference of $10,980 (5.4%) versus the prior year and $11,276 versus the prior month.
For the 2023-04-01 period, Lamesa had 23 MLS listings, a difference of -2 listings (-8%) versus the prior month and 11 listings (92%) 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 | 1,836 sqft |
2018-03-01 | 0 days | 1,972 sqft |
2018-04-01 | 0 days | 2,038 sqft |
2018-05-01 | 0 days | 2,137 sqft |
2018-06-01 | 0 days | 2,083 sqft |
2018-07-01 | 0 days | 2,143 sqft |
2018-08-01 | 0 days | 2,095 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 | 2,278 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 | 2,270 sqft |
2019-09-01 | 0 days | 2,399 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 | 2,026 sqft |
2022-09-01 | 0 days | 2,010 sqft |
2022-10-01 | 0 days | 2,245 sqft |
2022-11-01 | 0 days | 2,238 sqft |
2022-12-01 | 0 days | 1,920 sqft |
2023-01-01 | 0 days | 2,290 sqft |
2023-02-01 | 0 days | 2,079 sqft |
2023-03-01 | 0 days | 2,213 sqft |
2023-04-01 | 0 days | 2,286 sqft |
Lamesa's median square footage for active listings during the 2023-04-01 period was 2,286 sqft. One year prior, the average listing was 2,001 sqft.
Lamesa, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 80 | $11,860,000 | $148,250 |
Cash Out Refi | 12 | $2,190,000 | $182,500 |
Refi | 9 | $1,425,000 | $158,333 |
Home Improvement | 2 | $140,000 | $70,000 |
Other | 1 | $155,000 | $155,000 |
Lamesa's most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 37 | $5,455,000 | $147,432 |
4-5% | 24 | $3,240,000 | $135,000 |
6-7% | 13 | $2,185,000 | $168,077 |
3-4% | 11 | $2,025,000 | $184,091 |
7-8% | 6 | $610,000 | $101,667 |
Over 8% | 4 | $410,000 | $102,500 |
2.5-3% | 4 | $420,000 | $105,000 |
<2.5% | 3 | $15,000 | $5,000 |
During 2022, Lamesa's most frequently originated rate bucket was 5-6%, with 37 originations.
Loan Sizing (Lamesa, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 64 | $8,920,000 | $139,375 |
$100,000 or less | 23 | $1,295,000 | $56,304 |
$200k-400k | 13 | $3,085,000 | $237,308 |
$400k-600k | 2 | $1,060,000 | $530,000 |
$600k-1000k | 2 | $1,410,000 | $705,000 |
Lamesa's loan sizing saw the bucket of loans from $100k-200k with 64 originations, totaling $8,920,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 68 | $10,530,000 | $154,853 |
60-80% | 20 | $2,840,000 | $142,000 |
40-60% | 5 | $625,000 | $125,000 |
Under 20% | 5 | $55,000 | $11,000 |
20-40% | 3 | $265,000 | $88,333 |
Lamesa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 68 originations, totaling $10,530,000 in origination value.