LAREDO Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Laredo averaged 6.46% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.55% and one month ago for the week of 2024-11-07, the average rate was 6.85%.

    Laredo's average rate one year ago was 7.19%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.5%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Laredo 30 Year Fixed Rate 2024-12-12 6.46%
    Laredo 30 Year Fixed Rate Refi 2024-12-12 6.5%
    Laredo 15 Year Fixed Rate 2024-12-12 6.04%
    Laredo 15 Year Fixed Rate Refi 2024-12-12 6.04%
    Laredo 30 Year FHA 2024-12-12 5.78%
    Laredo 30 Year FHA Refi 2024-12-12 6.48%
    Laredo 30 Year USDA 2024-12-12 6.2%
    Laredo 30 Year USDA Refi 2024-12-12 6.5%
    Laredo 30 Year VA 2024-12-12 5.92%
    Laredo 30 Year VA Refi 2024-12-12 5.88%
    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
    2024-04-01 $249,750 (4.5%) $293,462 (9.6%) 0.58 456
    2024-05-01 $257,750 (7.4%) $303,679 (7.8%) 0.58 474
    2024-06-01 $255,000 (4.0%) $299,594 (4.1%) 0.57 499
    2024-07-01 $254,250 (3.1%) $298,072 (6.2%) 0.58 506
    2024-08-01 $259,000 (5.6%) $313,367 (8.5%) 0.60 515
    2024-09-01 $258,625 (8.5%) $314,399 (13.0%) 0.61 525
    2024-10-01 $257,993 (9.1%) $324,121 (16.1%) 0.61 568
    2024-11-01 $258,245 (6.4%) $330,982 (17.0%) 0.62 611
    LAREDO's median listing price for 2024-11-01 was $258,245, a difference of $15,470 (6.4%) versus the prior year and $252 versus the prior month.

    LAREDO's median listing price comes in at 62% of the national average.

    LAREDO's average listing price for 2024-11-01 was $330,982, a difference of $48,055 (17.0%) versus the prior year and $6,861 versus the prior month.

    For the 2024-11-01 period, LAREDO had 611 MLS listings, a difference of 43 listings (8%) versus the prior month and 169 listings (38%) 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
    2024-04-01 44 days 1,719 sqft
    2024-05-01 59 days 1,754 sqft
    2024-06-01 53 days 1,676 sqft
    2024-07-01 58 days 1,682 sqft
    2024-08-01 66 days 1,701 sqft
    2024-09-01 68 days 1,655 sqft
    2024-10-01 64 days 1,633 sqft
    2024-11-01 67 days 1,656 sqft
    LAREDO's median listing age (time on market) for 2024-11-01 was 67 days. This is 12% longer than the same period one year ago.

    LAREDO's median square footage for active listings during the 2024-11-01 period was 1,656 sqft. One year prior, the average listing was 1,686 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.