LAREDO Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Laredo averaged 6.74% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 6.58% and one month ago for the week of 2024-03-07, the average rate was 6.74%.

Laredo's average rate one year ago was 6.34%.

For refis of the same type during the week of 2024-04-11, the average rate was 7.08%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Laredo 30 Year Fixed Rate 2024-04-11 6.74%
Laredo 30 Year Fixed Rate Refi 2024-04-11 7.08%
Laredo 15 Year Fixed Rate 2024-04-11 6.06%
Laredo 15 Year Fixed Rate Refi 2024-04-11 6.56%
Laredo 30 Year FHA 2024-04-11 6.54%
Laredo 30 Year FHA Refi 2024-04-11 6.84%
Laredo 30 Year USDA 2024-04-11 6.71%
Laredo 30 Year USDA Refi 2024-04-11 6.91%
Laredo 30 Year VA 2024-04-11 6.22%
Laredo 30 Year VA Refi 2024-04-11 6.47%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within LAREDO, TX.

LAREDO 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 LAREDO, 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
UNITED WHOLESALE MORTGAGE, LLC 62 6.42% $9,990
PRIMELENDING, A PLAINSCAPITAL COMPANY 53 6.79% $8,900
Flagstar Bank, FSB 47 6.60% $8,512
QUICKEN LOANS, LLC 42 7.31% $7,396
PENNYMAC LOAN SERVICES, LLC 36 6.34% $7,910
International Bank of Commerce 21 6.46% $4,763
JPMorgan Chase Bank 20 6.90% $8,052
CMG MORTGAGE, INC. 14 7.22% $7,974
MOVEMENT MORTGAGE, LLC 13 6.95% $7,335
AMERICAN PACIFIC MORTGAGE CORPORATION 9 6.40% $10,859
Mr. Cooper ( Nationstar Mortgage ) 8 7.06% $7,550
AMCAP MORTGAGE, LTD. 8 6.64% $7,104
Wells Fargo Bank 8 6.70% $4,654
SFMC, LP 7 6.69% $7,850
THRIVE MORTGAGE, LLC 6 6.54% $7,181
Paramount Residential Mortgage Group, Inc. 6 6.39% $8,747
First Option Mortgage, LLC 6 7.27% $8,312
Gateway First Bank 6 6.85% $8,999
AmeriHome Mortgage Company, LLC 6 6.56% $7,826
MORTGAGE FINANCIAL SERVICES, LLC 5 6.42% $8,492
FREEDOM MORTGAGE CORPORATION 4 6.63% $6,187
UNION HOME MORTGAGE CORP. 4 6.94% $10,451
LOANDEPOT.COM, LLC 4 6.94% $6,595
THE MORTGAGE LINK, INC. 4 6.56% $7,570
VAN DYK MORTGAGE CORPORATION 3 6.21% $7,321
BM Real Estate Services, Inc. 3 7.08% $10,915
SECURITY SERVICE 3 7.71% $4,511
ROYAL UNITED MORTGAGE LLC 3 7.83% $10,459
Regions Bank 3 5.71% $5,972
Discover Bank 3 7.41% $0
Bank of America 3 6.17% $5,364
PNC Bank 3 6.75% $4,741
Bank of England 3 6.79% $6,292
NEWREZ LLC 3 7.38% $8,250
NAVY FEDERAL CREDIT UNION 2 7.19% $4,482
OCMBC, INC. 2 9.37% $18,635
ADVANCIAL 2 8.00% $11,694
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.00% $9,138
NexBank 2 6.00% $7,741
U.S. Bank 2 6.75% $3,758
Citizens Bank 2 7.06% $8,965
RANDOLPH-BROOKS 2 8.38% $2,342
AMERISAVE MORTGAGE CORPORATION 2 7.31% $5,976
LEADERONE FINANCIAL CORPORATION 2 7.00% $6,873
Truist 1 6.13% $4,329
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.88% $3,476
BETTER MORTGAGE CORPORATION 1 5.50% $8,702
Carrington Mortgage Services, LLC 1 7.25% $8,870
CHERRY CREEK MORTGAGE, LLC 1 5.88% $2,656
CITIZENS EQUITY FIRST 1 6.63% $0
CREDIT HUMAN FEDERAL CREDIT UNION 1 7.23% $527
DEEPHAVEN MORTGAGE LLC 1 9.88% $10,943
Deere Employees Credit Union 1 5.63% $4,834
Equity Prime Mortgage LLC 1 7.38% $6,167
GENEVA FINANCIAL, LLC 1 5.75% $7,556
GUILD MORTGAGE COMPANY 1 7.50% $7,000
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.00% $11,824
JMAC LENDING, INC. 1 8.38% $23,908
LAKEVIEW LOAN SERVICING, LLC 1 7.50% $8,384
LENDSURE MORTGAGE CORP. 1 9.00% $8,539
LOANPAL, LLC 1 6.99% $6,559
Mortgage Research Center, LLC 1 6.88% $7,837
PHH Mortgage Corporation 1 8.13% $2,504
Prosperity Bank 1 5.25% $3,081
RESIDENTIAL BANCORP 1 7.13% $6,491
Sunflower Bank 1 7.50% $39,066
The Loan Store, Inc. 1 5.75% $11,087
A&D Mortgage LLC 1 9.38% $7,029
UNIVERSITY Federal Credit Union 1 6.00% $7,387
VELOCIO MORTGAGE L.L.C. 1 5.99% $7,905
Wallick & Volk, Inc. 1 7.38% $2,739

LAREDO Average Closing Costs & Other Stats

LAREDO, TX's 71 lenders originated 2,357 loans during 2023. The total origination value was $512,685,000, with an average loan value of $217,516.

LAREDO's average closing costs are $7,345.

The top LAREDO lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 62 loans originated. Their average total fees are $9,990, which is $1,090 higher than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

The lowest fee LAREDO lenders (with over 10 loans originated) are International Bank of Commerce ($4,763), MOVEMENT MORTGAGE, LLC ($7,335), QUICKEN LOANS, LLC ($7,396), PENNYMAC LOAN SERVICES, LLC ($7,910) and CMG MORTGAGE, INC. ($7,974).

The lowest rate LAREDO lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (6.34%), UNITED WHOLESALE MORTGAGE, LLC (6.42%), International Bank of Commerce (6.46%), Flagstar Bank, FSB (6.60%) and PRIMELENDING, A PLAINSCAPITAL COMPANY (6.79%).

LAREDO, 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
UNITED WHOLESALE MORTGAGE, LLC $37,250,000 $64,550,000 73.3% 12.6%
PRIMELENDING, A PLAINSCAPITAL COMPANY $41,330,000 $57,845,000 40.0% 11.3%
Flagstar Bank, FSB $32,640,000 $32,970,000 1.0% 6.4%
MOVEMENT MORTGAGE, LLC $13,615,000 $25,785,000 89.4% 5.0%
CMG MORTGAGE, INC. $15,090,000 $21,005,000 39.2% 4.1%
PENNYMAC LOAN SERVICES, LLC $14,795,000 $20,775,000 40.4% 4.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,000,000 $20,210,000 1,921.0% 3.9%
QUICKEN LOANS, LLC $36,425,000 $17,985,000 -50.6% 3.5%
CBRE MULTIFAMILY CAPITAL, INC. $13,915,000 n/a 2.7%
First Option Mortgage, LLC $15,855,000 $12,160,000 -23.3% 2.4%
International Bank of Commerce $11,210,000 $12,130,000 8.2% 2.4%
PNC Bank $9,740,000 $10,905,000 12.0% 2.1%
SFMC, LP $53,525,000 $10,480,000 -80.4% 2.0%
THRIVE MORTGAGE, LLC $7,840,000 $9,920,000 26.5% 1.9%
LEADERONE FINANCIAL CORPORATION $7,705,000 $8,840,000 14.7% 1.7%
FREEDOM MORTGAGE CORPORATION $9,130,000 $8,540,000 -6.5% 1.7%
Texas Community Bank $14,850,000 $8,145,000 -45.2% 1.6%
AMCAP MORTGAGE, LTD. $1,210,000 $8,125,000 571.5% 1.6%
MORTGAGE FINANCIAL SERVICES, LLC $32,000,000 $7,785,000 -75.7% 1.5%
VAN DYK MORTGAGE CORPORATION $28,145,000 $6,145,000 -78.2% 1.2%
Falcon International Bank $13,120,000 $6,080,000 -53.7% 1.2%
THE MORTGAGE LINK, INC. $5,905,000 $5,585,000 -5.4% 1.1%
Gateway First Bank $9,590,000 $5,405,000 -43.6% 1.1%
JPMorgan Chase Bank $4,715,000 $5,405,000 14.6% 1.1%
Equity Prime Mortgage LLC $185,000 $4,970,000 2,586.5% 1.0%
Paramount Residential Mortgage Group, Inc. $6,500,000 $4,970,000 -23.5% 1.0%
UNION HOME MORTGAGE CORP. $9,100,000 $4,950,000 -45.6% 1.0%
Mortgage Research Center, LLC $5,475,000 $4,710,000 -14.0% 0.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $225,000 $3,665,000 1,528.9% 0.7%
Bank of America $1,800,000 $3,530,000 96.1% 0.7%
Wells Fargo Bank $7,810,000 $3,300,000 -57.7% 0.6%
HOMEBRIDGE FINANCIAL SERVICES, INC. $12,115,000 $3,005,000 -75.2% 0.6%
BM Real Estate Services, Inc. $10,545,000 $2,710,000 -74.3% 0.5%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $2,665,000 n/a 0.5%
Sunflower Bank $285,000 $2,505,000 778.9% 0.5%
21ST MORTGAGE CORPORATION $2,675,000 $2,500,000 -6.5% 0.5%
NEWREZ LLC $2,435,000 $2,495,000 2.5% 0.5%
LAREDO FEDERAL CREDIT UNION $2,220,000 n/a 0.4%
NAVY FEDERAL CREDIT UNION $2,885,000 $2,210,000 -23.4% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $5,955,000 $2,190,000 -63.2% 0.4%
ADVANCIAL $2,185,000 n/a 0.4%
Vantage Bank Texas $4,810,000 $2,130,000 -55.7% 0.4%
OCMBC, INC. $645,000 $2,040,000 216.3% 0.4%
SECURITY SERVICE $6,240,000 $2,025,000 -67.5% 0.4%
SECURITYNATIONAL MORTGAGE COMPANY $4,760,000 $1,955,000 -58.9% 0.4%
CHERRY CREEK MORTGAGE, LLC $1,915,000 $1,905,000 -0.5% 0.4%
CARDINAL FINANCIAL $1,910,000 $1,715,000 -10.2% 0.3%
LOANDEPOT.COM, LLC $5,970,000 $1,680,000 -71.9% 0.3%
DOMINION FINANCIAL SERVICES, LLC $1,720,000 $1,590,000 -7.6% 0.3%
RANDOLPH-BROOKS $1,440,000 $1,575,000 9.4% 0.3%
AmeriHome Mortgage Company, LLC $575,000 $1,375,000 139.1% 0.3%
Carrington Mortgage Services, LLC $2,200,000 $1,345,000 -38.9% 0.3%
Bank of England $2,140,000 $1,245,000 -41.8% 0.2%
GUILD MORTGAGE COMPANY $225,000 $1,190,000 428.9% 0.2%
LENDSURE MORTGAGE CORP. $1,855,000 $1,180,000 -36.4% 0.2%
JMAC LENDING, INC. $1,145,000 n/a 0.2%
PLAZA HOME MORTGAGE, INC. $500,000 $1,125,000 125.0% 0.2%
Discover Bank $105,000 $1,100,000 947.6% 0.2%
First Horizon Bank $1,100,000 n/a 0.2%
Rio Bank $1,475,000 $1,070,000 -27.5% 0.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $445,000 $955,000 114.6% 0.2%
Regions Bank $2,025,000 $905,000 -55.3% 0.2%
Lone Star National Bank $870,000 n/a 0.2%
MLB RESIDENTIAL LENDING, LLC $850,000 n/a 0.2%
DEEPHAVEN MORTGAGE LLC $155,000 $820,000 429.0% 0.2%
BETTER MORTGAGE CORPORATION $1,080,000 $705,000 -34.7% 0.1%
FirstBank $360,000 $700,000 94.4% 0.1%
U.S. Bank $1,135,000 $695,000 -38.8% 0.1%
AMERISAVE MORTGAGE CORPORATION $2,095,000 $650,000 -69.0% 0.1%
The Loan Store, Inc. $620,000 n/a 0.1%
CROSSCOUNTRY MORTGAGE, LLC $7,990,000 $600,000 -92.5% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $575,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $755,000 $565,000 -25.2% 0.1%
SOUTHWEST STAGE FUNDING, LLC $95,000 $550,000 478.9% 0.1%
PENTAGON FEDERAL CREDIT UNION $1,890,000 $545,000 -71.2% 0.1%
AMWEST FUNDING CORP. $1,295,000 $530,000 -59.1% 0.1%
Citizens Bank $3,655,000 $500,000 -86.3% 0.1%
TRIAD FINANCIAL SERVICES, INC. $290,000 $490,000 69.0% 0.1%
VILLAGE CAPITAL MORTGAGE $345,000 $480,000 39.1% 0.1%
Keystone Funding, Inc. $470,000 n/a 0.1%
Credit Union of Texas $155,000 $460,000 196.8% 0.1%
Waterstone Mortgage Corporation $660,000 $425,000 -35.6% 0.1%
NexBank $420,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $405,000 $415,000 2.5% 0.1%
V.I.P. MORTGAGE, INC. $665,000 $410,000 -38.3% 0.1%
Hancock Whitney Bank $405,000 n/a 0.1%
GARDNER FINANCIAL SERVICES, LTD. $395,000 n/a 0.1%
DIRECTIONS EQUITY, LLC $185,000 $390,000 110.8% 0.1%
CITIZENS EQUITY FIRST $375,000 n/a 0.1%
CIVIC FINANCIAL SERVICES, LLC $365,000 n/a 0.1%
MORTGAGEONE, INC. $365,000 n/a 0.1%
Prosperity Bank $275,000 $365,000 32.7% 0.1%
Deere Employees Credit Union $360,000 n/a 0.1%
LOANPAL, LLC $2,820,000 $340,000 -87.9% 0.1%
ENCORE BANK $325,000 n/a 0.1%
HOMEXPRESS MORTGAGE CORP. $305,000 n/a 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $115,000 $290,000 152.2% 0.1%
Truist $890,000 $285,000 -68.0% 0.1%
ZILLOW HOME LOANS, LLC $285,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $275,000 n/a 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $195,000 $275,000 41.0% 0.1%
M&T Bank $535,000 $265,000 -50.5% 0.1%
USAA Federal Savings Bank $2,155,000 $255,000 -88.2% 0.0%
MID AMERICA MORTGAGE, INC. $6,435,000 $250,000 -96.1% 0.0%
NATIONS DIRECT MORTGAGE, LLC $8,605,000 $245,000 -97.2% 0.0%
UNIVERSITY Federal Credit Union $410,000 $245,000 -40.2% 0.0%
First Liberty Bank $240,000 n/a 0.0%
RESIDENTIAL BANCORP $235,000 n/a 0.0%
PANORAMA MORTGAGE GROUP, LLC $6,950,000 $230,000 -96.7% 0.0%
BECKAM FUNDING CORP. $225,000 n/a 0.0%
CANOPY MORTGAGE, LLC $225,000 n/a 0.0%
ENVOY MORTGAGE, LTD $225,000 n/a 0.0%
VELOCIO MORTGAGE L.L.C. $305,000 $225,000 -26.2% 0.0%
S1L, Inc. $655,000 $215,000 -67.2% 0.0%
Wallick & Volk, Inc. $215,000 n/a 0.0%
H E B $45,000 $195,000 333.3% 0.0%
JUSTICE Federal Credit Union $195,000 n/a 0.0%
PLANET HOME LENDING, LLC $1,200,000 $195,000 -83.8% 0.0%
ACADEMY MORTGAGE CORPORATION $595,000 $190,000 -68.1% 0.0%
LAKEVIEW LOAN SERVICING, LLC $955,000 $175,000 -81.7% 0.0%
BROKER SOLUTIONS, INC. $335,000 $155,000 -53.7% 0.0%
FBC MORTGAGE, LLC $155,000 n/a 0.0%
GENEVA FINANCIAL, LLC $155,000 n/a 0.0%
INTOUCH CREDIT UNION $155,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $155,000 n/a 0.0%
CSL Financial, LLC $140,000 n/a 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $1,260,000 $135,000 -89.3% 0.0%
BOKF $45,000 $135,000 200.0% 0.0%
Century Mortgage Company DBA Century Lending Company $135,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $240,000 $135,000 -43.8% 0.0%
A&D Mortgage LLC $125,000 n/a 0.0%
Frost Bank $100,000 $115,000 15.0% 0.0%
NAVY ARMY COMMUNITY CREDIT UNION $75,000 n/a 0.0%
United Community Bank $85,000 $65,000 -23.5% 0.0%
PHH Mortgage Corporation $55,000 n/a 0.0%
Zions Bank $655,000 $55,000 -91.6% 0.0%
A+ Federal Credit Union $185,000 $45,000 -75.7% 0.0%

LAREDO's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 12.6% market share. In second place, with 11.3%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $57,845,000 in loans. In third place, with 6.4%, is Flagstar Bank, FSB, having originated $32,970,000 in loans. In fourth place, with 5.0%, is MOVEMENT MORTGAGE, LLC, having originated $25,785,000 in loans. In fifth place, with 4.1%, is CMG MORTGAGE, INC., having originated $21,005,000 in loans.


LAREDO Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - LAREDO (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 $179,000 (2.3%) $222,837 (4.0%) 0.66 578
2018-02-01 $179,200 (2.4%) $220,752 (3.0%) 0.65 611
2018-03-01 $185,000 (3.8%) $223,385 (0.7%) 0.65 598
2018-04-01 $185,000 (3.4%) $222,429 (-0.3%) 0.63 588
2018-05-01 $184,900 (2.7%) $221,167 (-3.0%) 0.62 566
2018-06-01 $185,000 (2.8%) $225,488 (-4.2%) 0.62 577
2018-07-01 $183,725 (-0.6%) $222,046 (-6.7%) 0.61 611
2018-08-01 $185,000 (0.1%) $222,995 (-5.1%) 0.62 621
2018-09-01 $178,000 (-3.7%) $215,779 (-6.5%) 0.60 599
2018-10-01 $174,575 (-3.8%) $210,603 (-8.5%) 0.59 589
2018-11-01 $175,450 (-2.5%) $213,144 (-5.3%) 0.59 567
2018-12-01 $174,000 (-3.2%) $208,682 (-6.5%) 0.60 540
2019-01-01 $178,500 (-0.3%) $207,986 (-6.7%) 0.62 513
2019-02-01 $179,250 (0.0%) $208,660 (-5.5%) 0.61 530
2019-03-01 $178,857 (-3.3%) $211,891 (-5.2%) 0.58 534
2019-04-01 $179,807 (-2.8%) $215,857 (-3.0%) 0.57 507
2019-05-01 $180,000 (-2.7%) $216,069 (-2.3%) 0.56 505
2019-06-01 $184,900 (-0.1%) $225,484 (0.0%) 0.58 514
2019-07-01 $189,000 (2.9%) $230,521 (3.8%) 0.59 533
2019-08-01 $187,909 (1.6%) $228,033 (2.3%) 0.60 549
2019-09-01 $186,273 (4.7%) $224,813 (4.2%) 0.60 560
2019-10-01 $185,000 (6.0%) $222,318 (5.6%) 0.60 570
2019-11-01 $187,000 (6.6%) $222,081 (4.2%) 0.61 552
2019-12-01 $185,000 (6.3%) $220,544 (5.7%) 0.62 553
2020-01-01 $185,000 (3.6%) $220,940 (6.2%) 0.62 529
2020-02-01 $189,000 (5.4%) $225,290 (8.0%) 0.62 550
2020-03-01 $189,950 (6.2%) $229,897 (8.5%) 0.60 555
2020-04-01 $197,450 (9.8%) $234,899 (8.8%) 0.62 532
2020-05-01 $195,450 (8.6%) $230,233 (6.6%) 0.59 488
2020-06-01 $196,175 (6.1%) $231,089 (2.5%) 0.58 428
2020-07-01 $199,600 (5.6%) $232,793 (1.0%) 0.58 403
2020-08-01 $201,000 (7.0%) $232,380 (1.9%) 0.58 371
2020-09-01 $206,750 (11.0%) $232,849 (3.6%) 0.59 348
2020-10-01 $199,900 (8.1%) $235,090 (5.7%) 0.57 339
2020-11-01 $208,550 (11.5%) $245,934 (10.7%) 0.61 287
2020-12-01 $202,450 (9.4%) $243,336 (10.3%) 0.60 284
2021-01-01 $200,000 (8.1%) $238,197 (7.8%) 0.60 264
2021-02-01 $210,250 (11.2%) $233,874 (3.8%) 0.61 294
2021-03-01 $212,450 (11.9%) $232,264 (1.0%) 0.60 307
2021-04-01 $205,000 (3.8%) $233,414 (-0.6%) 0.55 297
2021-05-01 $210,000 (7.4%) $238,520 (3.6%) 0.56 294
2021-06-01 $215,950 (10.1%) $246,234 (6.6%) 0.57 293
2021-07-01 $224,900 (12.7%) $254,230 (9.2%) 0.59 273
2021-08-01 $224,900 (11.9%) $252,892 (8.8%) 0.60 268
2021-09-01 $224,900 (8.8%) $252,363 (8.4%) 0.60 280
2021-10-01 $224,900 (12.5%) $259,034 (10.2%) 0.60 278
2021-11-01 $224,900 (7.8%) $255,294 (3.8%) 0.60 261
2021-12-01 $225,574 (11.4%) $267,166 (9.8%) 0.61 269
2022-01-01 $224,900 (12.5%) $269,081 (13.0%) 0.61 257
2022-02-01 $229,473 (9.1%) $271,049 (15.9%) 0.60 254
2022-03-01 $229,000 (7.8%) $272,684 (17.4%) 0.57 240
2022-04-01 $239,000 (16.6%) $276,335 (18.4%) 0.57 243
2022-05-01 $236,000 (12.4%) $264,345 (10.8%) 0.54 269
2022-06-01 $239,900 (11.1%) $275,130 (11.7%) 0.53 294
2022-07-01 $240,000 (6.7%) $278,864 (9.7%) 0.54 342
2022-08-01 $240,000 (6.7%) $287,853 (13.8%) 0.55 374
2022-09-01 $240,000 (6.7%) $293,755 (16.4%) 0.56 340
2022-10-01 $239,900 (6.7%) $281,614 (8.7%) 0.56 351
2022-11-01 $239,500 (6.5%) $283,700 (11.1%) 0.58 372
2022-12-01 $238,500 (5.7%) $281,772 (5.5%) 0.59 389
2023-01-01 $239,450 (6.5%) $279,780 (4.0%) 0.59 393
2023-02-01 $240,000 (4.6%) $272,394 (0.5%) 0.58 382
2023-03-01 $239,450 (4.6%) $268,734 (-1.5%) 0.56 395
2023-04-01 $239,000 (0.0%) $267,747 (-3.1%) 0.56 365
2023-05-01 $240,000 (1.7%) $281,743 (6.6%) 0.54 361
2023-06-01 $245,250 (2.2%) $287,869 (4.6%) 0.55 372
2023-07-01 $246,500 (2.7%) $280,612 (0.6%) 0.56 392
2023-08-01 $245,250 (2.2%) $288,878 (0.4%) 0.56 417
2023-09-01 $238,400 (-0.7%) $278,197 (-5.3%) 0.56 417
2023-10-01 $236,498 (-1.4%) $279,266 (-0.8%) 0.56 431
2023-11-01 $242,775 (1.4%) $282,927 (-0.3%) 0.58 442
2023-12-01 $244,950 (2.7%) $286,571 (1.7%) 0.60 426
2024-01-01 $245,000 (2.3%) $287,636 (2.8%) 0.60 434
2024-02-01 $237,875 (-0.9%) $278,970 (2.4%) 0.57 425
2024-03-01 $244,000 (1.9%) $280,120 (4.2%) 0.57 459
LAREDO's median listing price for 2024-03-01 was $244,000, a difference of $4,550 (1.9%) versus the prior year and $6,125 versus the prior month.

LAREDO's median listing price comes in at 57% of the national average.

LAREDO's average listing price for 2024-03-01 was $280,120, a difference of $11,386 (4.2%) versus the prior year and $1,150 versus the prior month.

For the 2024-03-01 period, LAREDO had 459 MLS listings, a difference of 34 listings (8%) versus the prior month and 64 listings (16%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - LAREDO (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 78 days 1,792 sqft
2018-02-01 74 days 1,784 sqft
2018-03-01 66 days 1,830 sqft
2018-04-01 68 days 1,820 sqft
2018-05-01 65 days 1,798 sqft
2018-06-01 58 days 1,819 sqft
2018-07-01 58 days 1,812 sqft
2018-08-01 59 days 1,827 sqft
2018-09-01 71 days 1,799 sqft
2018-10-01 77 days 1,695 sqft
2018-11-01 73 days 1,702 sqft
2018-12-01 72 days 1,699 sqft
2019-01-01 71 days 1,705 sqft
2019-02-01 62 days 1,703 sqft
2019-03-01 54 days 1,704 sqft
2019-04-01 59 days 1,773 sqft
2019-05-01 56 days 1,803 sqft
2019-06-01 58 days 1,815 sqft
2019-07-01 58 days 1,872 sqft
2019-08-01 56 days 1,834 sqft
2019-09-01 56 days 1,810 sqft
2019-10-01 57 days 1,801 sqft
2019-11-01 67 days 1,813 sqft
2019-12-01 73 days 1,808 sqft
2020-01-01 80 days 1,829 sqft
2020-02-01 72 days 1,865 sqft
2020-03-01 59 days 1,868 sqft
2020-04-01 69 days 1,889 sqft
2020-05-01 77 days 1,858 sqft
2020-06-01 82 days 1,850 sqft
2020-07-01 54 days 1,818 sqft
2020-08-01 45 days 1,812 sqft
2020-09-01 49 days 1,799 sqft
2020-10-01 52 days 1,784 sqft
2020-11-01 59 days 1,782 sqft
2020-12-01 64 days 1,773 sqft
2021-01-01 57 days 1,701 sqft
2021-02-01 36 days 1,654 sqft
2021-03-01 39 days 1,706 sqft
2021-04-01 47 days 1,685 sqft
2021-05-01 57 days 1,700 sqft
2021-06-01 42 days 1,690 sqft
2021-07-01 52 days 1,709 sqft
2021-08-01 57 days 1,705 sqft
2021-09-01 50 days 1,669 sqft
2021-10-01 54 days 1,708 sqft
2021-11-01 51 days 1,702 sqft
2021-12-01 44 days 1,727 sqft
2022-01-01 48 days 1,700 sqft
2022-02-01 39 days 1,701 sqft
2022-03-01 39 days 1,703 sqft
2022-04-01 37 days 1,750 sqft
2022-05-01 37 days 1,716 sqft
2022-06-01 35 days 1,735 sqft
2022-07-01 32 days 1,731 sqft
2022-08-01 40 days 1,741 sqft
2022-09-01 51 days 1,735 sqft
2022-10-01 48 days 1,736 sqft
2022-11-01 52 days 1,735 sqft
2022-12-01 60 days 1,733 sqft
2023-01-01 63 days 1,718 sqft
2023-02-01 46 days 1,701 sqft
2023-03-01 54 days 1,700 sqft
2023-04-01 57 days 1,648 sqft
2023-05-01 54 days 1,673 sqft
2023-06-01 53 days 1,692 sqft
2023-07-01 48 days 1,726 sqft
2023-08-01 47 days 1,761 sqft
2023-09-01 50 days 1,727 sqft
2023-10-01 56 days 1,661 sqft
2023-11-01 60 days 1,686 sqft
2023-12-01 68 days 1,688 sqft
2024-01-01 68 days 1,712 sqft
2024-02-01 63 days 1,669 sqft
2024-03-01 45 days 1,680 sqft
LAREDO's median listing age (time on market) for 2024-03-01 was 45 days. This is -17% shorter than the same period one year ago.

LAREDO's median square footage for active listings during the 2024-03-01 period was 1,680 sqft. One year prior, the average listing was 1,700 sqft.

LAREDO, TX Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
78019 Laredo, TX MSA $800 $800 $1,000 $1,280 $1,390
78040 Laredo, TX MSA $730 $740 $920 $1,180 $1,280
78041 Laredo, TX MSA $800 $810 $1,010 $1,300 $1,400
78042 Laredo, TX MSA $800 $800 $1,000 $1,280 $1,390
78043 Laredo, TX MSA $780 $780 $980 $1,260 $1,360
78044 Laredo, TX MSA $800 $800 $1,000 $1,280 $1,390
78045 Laredo, TX MSA $1,080 $1,090 $1,360 $1,740 $1,890
78046 Laredo, TX MSA $800 $800 $1,000 $1,280 $1,390
78344 Laredo, TX MSA $800 $800 $1,000 $1,280 $1,390
78369 Laredo, TX MSA $800 $800 $1,000 $1,280 $1,390
78371 Laredo, TX MSA $800 $800 $1,000 $1,280 $1,390

2022 Average & Median Rent Data Statistics
LAREDO, TX average 1BR rent: $820, median: $800
LAREDO, TX average 2BR rent: $1,025, median: $1,000
LAREDO, TX average 3BR rent: $1,313, median: $1,280

LAREDO, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,938 $434,620,000 $224,262
Cash Out Refi 156 $27,630,000 $177,115
Refi 101 $33,665,000 $333,317
Other 95 $10,285,000 $108,263
Home Improvement 67 $6,485,000 $96,791

Laredo's most frequently cited loan purpose was Home Purchase, with 1,938 originations. The 2nd most popular reason was Cash Out Refi, with 156 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 834 $203,620,000 $244,149
5-6% 577 $139,885,000 $242,435
7-8% 375 $87,755,000 $234,013
Over 8% 245 $35,665,000 $145,571
<2.5% 160 $830,000 $5,188
4-5% 39 $23,835,000 $611,154
3-4% 4 $700,000 $175,000
2.5-3% 3 $595,000 $198,333

During 2023, Laredo's most frequently originated rate bucket was 6-7%, with 834 originations.

Loan Sizing (LAREDO, TX MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,205 $317,795,000 $263,730
$100k-200k 608 $97,300,000 $160,033
$100,000 or less 426 $16,420,000 $38,545
$400k-600k 89 $41,235,000 $463,315
$600k-1000k 21 $14,855,000 $707,381
$Over $1MM 8 $25,080,000 $3,135,000

LAREDO's loan sizing saw the bucket of loans from $200k-400k with 1,205 originations, totaling $317,795,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,476 $366,330,000 $248,191
60-80% 330 $89,640,000 $271,636
Under 20% 238 $3,340,000 $14,034
40-60% 101 $16,905,000 $167,376
20-40% 95 $9,665,000 $101,737
Over 100% 17 $5,965,000 $350,882

LAREDO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,476 originations, totaling $366,330,000 in origination value.