LAREDO Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Laredo averaged
6.18%
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
6.1% and
one month ago for the week of 2023-04-20, the
average rate was 6%.
Laredo's average rate one year ago was 5.16%.
For refis of the same type during the week of 2023-05-25, the average rate
was 6.77%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Laredo 30 Year Fixed Rate | 2023-05-25 | 6.18% |
| Laredo 30 Year Fixed Rate Refi | 2023-05-25 | 6.77% |
| Laredo 15 Year Fixed Rate | 2023-05-25 | 6.07% |
| Laredo 15 Year Fixed Rate Refi | 2023-05-25 | 4.98% |
| Laredo 30 Year FHA | 2023-05-25 | 6.15% |
| Laredo 30 Year FHA Refi | 2023-05-25 | 6.61% |
| Laredo 30 Year USDA | 2023-05-25 | 6.63% |
| Laredo 30 Year USDA Refi | 2023-05-25 | 6.63% |
| Laredo 30 Year VA | 2023-05-25 | 5.61% |
| Laredo 30 Year VA Refi | 2023-05-25 | 6.31% |
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.).
LAREDO Average Closing Costs & Other Stats
LAREDO, TX's 106 lenders originated 2,948
loans during 2022. The total origination value was $657,390,000, with an average loan value of
$222,995.
LAREDO's average closing costs are $6,916.
The top LAREDO lender as defined by loan originations is QUICKEN LOANS, LLC, with
82 loans originated. Their average total fees are
$6,141, which is $1,019
lower than the next largest lender,
SFMC, LP.
The lowest fee LAREDO lenders (with over 10 loans originated) are
Wells Fargo Bank ($3,748), SECURITY SERVICE ($4,182), JPMorgan Chase Bank ($5,569), PNC Bank ($5,574) and Flagstar Bank, FSB ($5,621).
The lowest rate LAREDO lenders (with over 10 loans originated) are
HOME POINT FINANCIAL CORPORATION (4.03%), SECURITY SERVICE (4.18%), UNION HOME MORTGAGE CORP. (4.23%), LOANDEPOT.COM, LLC (4.35%) and Gateway First Bank (4.56%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| SFMC, LP | $68,340,000 | $53,525,000 | -21.7% | 8.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $24,200,000 | $41,330,000 | 70.8% | 6.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $19,620,000 | $37,250,000 | 89.9% | 5.7% |
| QUICKEN LOANS, LLC | $61,710,000 | $36,425,000 | -41.0% | 5.5% |
| Flagstar Bank, FSB | $36,845,000 | $32,640,000 | -11.4% | 5.0% |
| MORTGAGE FINANCIAL SERVICES, LLC | $62,540,000 | $32,000,000 | -48.8% | 4.9% |
| VAN DYK MORTGAGE CORPORATION | $27,315,000 | $28,145,000 | 3.0% | 4.3% |
| WALKER & DUNLOP, LLC | $18,675,000 | n/a | 2.8% | |
| First Option Mortgage, LLC | $4,015,000 | $15,855,000 | 294.9% | 2.4% |
| CMG MORTGAGE, INC. | $18,880,000 | $15,090,000 | -20.1% | 2.3% |
| Texas Community Bank | $18,810,000 | $14,850,000 | -21.1% | 2.3% |
| PENNYMAC LOAN SERVICES, LLC | $27,105,000 | $14,795,000 | -45.4% | 2.3% |
| MOVEMENT MORTGAGE, LLC | $7,915,000 | $13,615,000 | 72.0% | 2.1% |
| Falcon International Bank | $11,960,000 | $13,120,000 | 9.7% | 2.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $38,080,000 | $12,115,000 | -68.2% | 1.8% |
| International Bank of Commerce | $18,660,000 | $11,210,000 | -39.9% | 1.7% |
| BM Real Estate Services, Inc. | $14,440,000 | $10,545,000 | -27.0% | 1.6% |
| PNC Bank | $285,000 | $9,740,000 | 3,317.5% | 1.5% |
| HOME POINT FINANCIAL CORPORATION | $41,860,000 | $9,610,000 | -77.0% | 1.5% |
| Gateway First Bank | $18,350,000 | $9,590,000 | -47.7% | 1.5% |
| FREEDOM MORTGAGE CORPORATION | $57,400,000 | $9,130,000 | -84.1% | 1.4% |
| UNION HOME MORTGAGE CORP. | $5,050,000 | $9,100,000 | 80.2% | 1.4% |
| NATIONS DIRECT MORTGAGE, LLC | $10,890,000 | $8,605,000 | -21.0% | 1.3% |
| CALIBER HOME LOANS, INC. | $17,690,000 | $8,580,000 | -51.5% | 1.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $30,040,000 | $7,990,000 | -73.4% | 1.2% |
| THRIVE MORTGAGE, LLC | $16,310,000 | $7,840,000 | -51.9% | 1.2% |
| Wells Fargo Bank | $33,135,000 | $7,810,000 | -76.4% | 1.2% |
| LEADERONE FINANCIAL CORPORATION | $6,120,000 | $7,705,000 | 25.9% | 1.2% |
| PANORAMA MORTGAGE GROUP, LLC | $13,695,000 | $6,950,000 | -49.3% | 1.1% |
| Paramount Residential Mortgage Group, Inc. | $3,395,000 | $6,500,000 | 91.5% | 1.0% |
| MID AMERICA MORTGAGE, INC. | $7,250,000 | $6,435,000 | -11.2% | 1.0% |
| SECURITY SERVICE | $4,220,000 | $6,240,000 | 47.9% | 0.9% |
| LOANDEPOT.COM, LLC | $10,155,000 | $5,970,000 | -41.2% | 0.9% |
| Mr. Cooper ( Nationstar Mortgage ) | $13,170,000 | $5,955,000 | -54.8% | 0.9% |
| THE MORTGAGE LINK, INC. | $5,905,000 | n/a | 0.9% | |
| Mortgage Research Center, LLC | $3,940,000 | $5,475,000 | 39.0% | 0.8% |
| Vantage Bank Texas | $7,765,000 | $4,810,000 | -38.1% | 0.7% |
| SECURITYNATIONAL MORTGAGE COMPANY | $9,000,000 | $4,760,000 | -47.1% | 0.7% |
| JPMorgan Chase Bank | $5,900,000 | $4,715,000 | -20.1% | 0.7% |
| Citizens Bank | $2,495,000 | $3,655,000 | 46.5% | 0.6% |
| SOUTHWEST FUNDING, LP | $14,230,000 | $3,390,000 | -76.2% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $3,315,000 | $2,885,000 | -13.0% | 0.4% |
| LOANPAL, LLC | $5,250,000 | $2,820,000 | -46.3% | 0.4% |
| 21ST MORTGAGE CORPORATION | $3,595,000 | $2,675,000 | -25.6% | 0.4% |
| NEWREZ LLC | $7,020,000 | $2,435,000 | -65.3% | 0.4% |
| Lakeview Community Capital, LLC | $10,075,000 | $2,345,000 | -76.7% | 0.4% |
| Carrington Mortgage Services, LLC | $8,435,000 | $2,200,000 | -73.9% | 0.3% |
| USAA Federal Savings Bank | $2,925,000 | $2,155,000 | -26.3% | 0.3% |
| Bank of England | $4,440,000 | $2,140,000 | -51.8% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $5,310,000 | $2,095,000 | -60.5% | 0.3% |
| Regions Bank | $420,000 | $2,025,000 | 382.1% | 0.3% |
| CHERRY CREEK MORTGAGE, LLC | $55,000 | $1,915,000 | 3,381.8% | 0.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $3,660,000 | $1,910,000 | -47.8% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $3,475,000 | $1,890,000 | -45.6% | 0.3% |
| LENDSURE MORTGAGE CORP. | $1,855,000 | n/a | 0.3% | |
| Bank of America | $3,270,000 | $1,800,000 | -45.0% | 0.3% |
| DOMINION FINANCIAL SERVICES, LLC | $1,720,000 | n/a | 0.3% | |
| Rio Bank | $1,475,000 | n/a | 0.2% | |
| MOUNTAIN WEST FINANCIAL, INC. | $6,950,000 | $1,470,000 | -78.8% | 0.2% |
| PlainsCapital Bank | $1,470,000 | n/a | 0.2% | |
| RANDOLPH-BROOKS | $4,140,000 | $1,440,000 | -65.2% | 0.2% |
| LEGEND LENDING CORPORATION | $1,385,000 | n/a | 0.2% | |
| AMWEST FUNDING CORP. | $1,295,000 | n/a | 0.2% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $600,000 | $1,260,000 | 110.0% | 0.2% |
| AMCAP MORTGAGE, LTD. | $3,740,000 | $1,210,000 | -67.6% | 0.2% |
| PLANET HOME LENDING, LLC | $3,210,000 | $1,200,000 | -62.6% | 0.2% |
| U.S. Bank | $1,475,000 | $1,135,000 | -23.1% | 0.2% |
| BETTER MORTGAGE CORPORATION | $2,425,000 | $1,080,000 | -55.5% | 0.2% |
| Commerce Home Mortgage, Inc. | $760,000 | $1,065,000 | 40.1% | 0.2% |
| First Guaranty Mortgage Corporation | $1,475,000 | $1,035,000 | -29.8% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $105,000 | $1,000,000 | 852.4% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $3,895,000 | $955,000 | -75.5% | 0.1% |
| Truist | $95,000 | $890,000 | 836.8% | 0.1% |
| KELLER MORTGAGE, LLC | $800,000 | n/a | 0.1% | |
| WILLOW BEND MORTGAGE COMPANY, LLC | $6,280,000 | $800,000 | -87.3% | 0.1% |
| LOANPEOPLE, LLC | $145,000 | $775,000 | 434.5% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,000,000 | $755,000 | -24.5% | 0.1% |
| NP, Inc. | $695,000 | $750,000 | 7.9% | 0.1% |
| GUARANTEED RATE, INC. | $505,000 | $720,000 | 42.6% | 0.1% |
| TEXAS DOW EMPLOYEES CREDIT UNION | $680,000 | n/a | 0.1% | |
| V.I.P. MORTGAGE, INC. | $155,000 | $665,000 | 329.0% | 0.1% |
| Waterstone Mortgage Corporation | $300,000 | $660,000 | 120.0% | 0.1% |
| S1L, Inc. | $655,000 | n/a | 0.1% | |
| Zions Bancorporation, N.A. | $655,000 | n/a | 0.1% | |
| OCMBC, INC. | $645,000 | n/a | 0.1% | |
| General Mortgage Capital Corporation | $640,000 | n/a | 0.1% | |
| ACADEMY MORTGAGE CORPORATION | $730,000 | $595,000 | -18.5% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $825,000 | $595,000 | -27.9% | 0.1% |
| AmeriHome Mortgage Company, LLC | $6,120,000 | $575,000 | -90.6% | 0.1% |
| M&T Bank | $620,000 | $535,000 | -13.7% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $3,010,000 | $500,000 | -83.4% | 0.1% |
| RB MORTGAGE LLC | $280,000 | $480,000 | 71.4% | 0.1% |
| SOFI LENDING CORP. | $430,000 | $475,000 | 10.5% | 0.1% |
| Strong Home Mortgage, LLC | $460,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $475,000 | $445,000 | -6.3% | 0.1% |
| Kleberg Bank, N.A | $440,000 | n/a | 0.1% | |
| UNIVERSITY Federal Credit Union | $410,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $760,000 | $405,000 | -46.7% | 0.1% |
| The Federal Savings Bank | $330,000 | $395,000 | 19.7% | 0.1% |
| EVERETT FINANCIAL, INC. | $530,000 | $390,000 | -26.4% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $385,000 | n/a | 0.1% | |
| FirstBank | $245,000 | $360,000 | 46.9% | 0.1% |
| NBKC BANK | $285,000 | $355,000 | 24.6% | 0.1% |
| CERTIFIED FUNDING, L.P. | $345,000 | n/a | 0.1% | |
| CONTOUR MORTGAGE CORPORATION | $500,000 | $345,000 | -31.0% | 0.1% |
| Network Funding, L.P. | $345,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $2,850,000 | $345,000 | -87.9% | 0.1% |
| AMERICAN FINANCING CORPORATION | $160,000 | $340,000 | 112.5% | 0.1% |
| INTERLINC MORTGAGE SERVICES, LLC | $340,000 | n/a | 0.1% | |
| ASCENT HOME LENDING, LLC | $335,000 | n/a | 0.1% | |
| BROKER SOLUTIONS, INC. | $2,245,000 | $335,000 | -85.1% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $165,000 | $335,000 | 103.0% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $330,000 | n/a | 0.1% | |
| ATHAS CAPITAL GROUP, INC. | $315,000 | n/a | 0.0% | |
| Baxter Credit Union | $45,000 | $315,000 | 600.0% | 0.0% |
| Chicago Mortgage Solutions LLC | $390,000 | $315,000 | -19.2% | 0.0% |
| State Department Federal Credit Union | $315,000 | n/a | 0.0% | |
| The City National Bank of Sulphur Springs | $315,000 | n/a | 0.0% | |
| GMFS LLC | $305,000 | n/a | 0.0% | |
| VELOCIO MORTGAGE L.L.C. | $185,000 | $305,000 | 64.9% | 0.0% |
| NEXERA HOLDING LLC | $290,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $290,000 | n/a | 0.0% | |
| Origin Bank | $285,000 | n/a | 0.0% | |
| Sunflower Bank | $285,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $275,000 | n/a | 0.0% | |
| First Mortgage Solutions, LLC | $275,000 | n/a | 0.0% | |
| First United Bank and Trust Company | $185,000 | $275,000 | 48.6% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $275,000 | n/a | 0.0% | |
| Prosperity Bank | $565,000 | $275,000 | -51.3% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $275,000 | n/a | 0.0% | |
| City Bank | $265,000 | n/a | 0.0% | |
| Independent Bank | $440,000 | $265,000 | -39.8% | 0.0% |
| Florida Capital Bank | $245,000 | n/a | 0.0% | |
| Morgan Stanley Private Bank | $245,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $240,000 | n/a | 0.0% | |
| GREAT WESTERN FINANCIAL SERVICES, INC. | $615,000 | $240,000 | -61.0% | 0.0% |
| Amalgamated Bank | $235,000 | n/a | 0.0% | |
| Beeline Loans, Inc. | $235,000 | n/a | 0.0% | |
| HOME FUNDING CORPORATION | $235,000 | n/a | 0.0% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $885,000 | $225,000 | -74.6% | 0.0% |
| GUILD MORTGAGE COMPANY | $180,000 | $225,000 | 25.0% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $390,000 | $225,000 | -42.3% | 0.0% |
| Northpointe Bank | $225,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $225,000 | n/a | 0.0% | |
| ALTRA | $215,000 | n/a | 0.0% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $390,000 | $215,000 | -44.9% | 0.0% |
| ARC HOME LLC | $205,000 | n/a | 0.0% | |
| Metro City Bank | $205,000 | n/a | 0.0% | |
| HAMILTON HOME LOANS, INC. | $195,000 | n/a | 0.0% | |
| MidFirst Bank | $195,000 | n/a | 0.0% | |
| Neighborhood Loans, Inc. | $195,000 | n/a | 0.0% | |
| Quontic Bank | $195,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $390,000 | $195,000 | -50.0% | 0.0% |
| A+ Federal Credit Union | $185,000 | n/a | 0.0% | |
| DIRECTIONS EQUITY, LLC | $1,195,000 | $185,000 | -84.5% | 0.0% |
| Equity Prime Mortgage LLC | $185,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $175,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $615,000 | $175,000 | -71.5% | 0.0% |
| Hometown Equity Mortgage, LLC | $700,000 | $165,000 | -76.4% | 0.0% |
| HOMETRUST MORTGAGE COMPANY | $165,000 | n/a | 0.0% | |
| SWBC MORTGAGE CORPORATION | $545,000 | $165,000 | -69.7% | 0.0% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $155,000 | n/a | 0.0% | |
| Credit Union of Texas | $135,000 | $155,000 | 14.8% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $575,000 | $155,000 | -73.0% | 0.0% |
| AMERICAN ADVISORS GROUP | $65,000 | $145,000 | 123.1% | 0.0% |
| The Home Loan Expert LLC | $145,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $130,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $855,000 | $115,000 | -86.5% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $115,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $115,000 | n/a | 0.0% | |
| Ally Bank | $235,000 | $105,000 | -55.3% | 0.0% |
| Discover Bank | $105,000 | $105,000 | 0.0% | 0.0% |
| OCEANSIDE MORTGAGE COMPANY | $430,000 | $105,000 | -75.6% | 0.0% |
| Frost Bank | $100,000 | n/a | 0.0% | |
| Arvest Bank | $95,000 | n/a | 0.0% | |
| EASTMAN | $95,000 | n/a | 0.0% | |
| SOUTHWEST STAGE FUNDING, LLC | $290,000 | $95,000 | -67.2% | 0.0% |
| United Community Bank | $85,000 | n/a | 0.0% | |
| FIRSTMARK | $75,000 | n/a | 0.0% | |
| EECU | $55,000 | n/a | 0.0% | |
| BOKF | $45,000 | n/a | 0.0% | |
| H E B | $110,000 | $45,000 | -59.1% | 0.0% |
LAREDO's top lender by overall market share is SFMC, LP, with 8.1% market share. In second place, with 6.3%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $41,330,000 in loans. In third place, with 5.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $37,250,000 in loans. In fourth place, with 5.5%, is QUICKEN LOANS, LLC, having originated $36,425,000 in loans. In fifth place, with 5.0%, is Flagstar Bank, FSB, having originated $32,640,000 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 | $180,000 (-2.7%) | $215,341 (-3.6%) | 0.60 | 545 |
| 2019-04-01 | $179,950 (-2.7%) | $217,586 (-2.2%) | 0.57 | 508 |
| 2019-05-01 | $180,000 (-2.7%) | $219,504 (-0.8%) | 0.56 | 506 |
| 2019-06-01 | $184,900 (-0.1%) | $228,742 (1.4%) | 0.58 | 515 |
| 2019-07-01 | $189,000 (2.9%) | $231,205 (4.1%) | 0.59 | 533 |
| 2019-08-01 | $185,000 (0.0%) | $229,729 (3.0%) | 0.58 | 526 |
| 2019-09-01 | $185,000 (3.9%) | $223,805 (3.7%) | 0.58 | 531 |
| 2019-10-01 | $185,000 (6.0%) | $221,151 (5.0%) | 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%) | $225,284 (8.0%) | 0.62 | 550 |
| 2020-03-01 | $189,950 (5.5%) | $229,897 (6.8%) | 0.60 | 555 |
| 2020-04-01 | $197,450 (9.7%) | $234,899 (8.0%) | 0.62 | 532 |
| 2020-05-01 | $195,900 (8.8%) | $230,703 (5.1%) | 0.60 | 488 |
| 2020-06-01 | $196,445 (6.2%) | $231,591 (1.3%) | 0.58 | 429 |
| 2020-07-01 | $199,700 (5.7%) | $233,310 (0.9%) | 0.58 | 404 |
| 2020-08-01 | $201,000 (8.7%) | $232,979 (1.4%) | 0.58 | 372 |
| 2020-09-01 | $207,000 (11.9%) | $233,470 (4.3%) | 0.59 | 348 |
| 2020-10-01 | $199,950 (8.1%) | $236,159 (6.8%) | 0.57 | 339 |
| 2020-11-01 | $208,925 (11.7%) | $246,471 (11.0%) | 0.61 | 286 |
| 2020-12-01 | $202,473 (9.4%) | $243,889 (10.6%) | 0.60 | 283 |
| 2021-01-01 | $200,000 (8.1%) | $238,762 (8.1%) | 0.60 | 263 |
| 2021-02-01 | $210,725 (11.5%) | $234,377 (4.0%) | 0.61 | 293 |
| 2021-03-01 | $212,450 (11.9%) | $232,738 (1.2%) | 0.60 | 306 |
| 2021-04-01 | $205,000 (3.8%) | $233,896 (-0.4%) | 0.55 | 296 |
| 2021-05-01 | $210,000 (7.2%) | $238,520 (3.4%) | 0.56 | 294 |
| 2021-06-01 | $215,950 (9.9%) | $246,234 (6.3%) | 0.57 | 293 |
| 2021-07-01 | $224,900 (12.6%) | $254,230 (9.0%) | 0.59 | 273 |
| 2021-08-01 | $224,900 (11.9%) | $252,892 (8.6%) | 0.60 | 268 |
| 2021-09-01 | $224,900 (8.7%) | $252,363 (8.1%) | 0.60 | 280 |
| 2021-10-01 | $224,900 (12.5%) | $259,034 (9.7%) | 0.60 | 278 |
| 2021-11-01 | $224,900 (7.7%) | $255,294 (3.6%) | 0.60 | 261 |
| 2021-12-01 | $225,574 (11.4%) | $267,166 (9.5%) | 0.61 | 269 |
| 2022-01-01 | $224,900 (12.5%) | $269,081 (12.7%) | 0.61 | 258 |
| 2022-02-01 | $229,848 (9.1%) | $271,295 (15.8%) | 0.60 | 255 |
| 2022-03-01 | $229,500 (8.0%) | $273,289 (17.4%) | 0.57 | 241 |
| 2022-04-01 | $239,000 (16.6%) | $277,066 (18.5%) | 0.57 | 244 |
| 2022-05-01 | $236,000 (12.4%) | $265,049 (11.1%) | 0.54 | 270 |
| 2022-06-01 | $239,925 (11.1%) | $275,746 (12.0%) | 0.53 | 295 |
| 2022-07-01 | $240,000 (6.7%) | $279,430 (9.9%) | 0.54 | 343 |
| 2022-08-01 | $240,000 (6.7%) | $288,029 (13.9%) | 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%) | $283,763 (11.2%) | 0.58 | 372 |
| 2022-12-01 | $238,500 (5.7%) | $281,772 (5.5%) | 0.59 | 389 |
| 2023-01-01 | $238,950 (6.3%) | $279,459 (3.9%) | 0.59 | 393 |
| 2023-02-01 | $240,000 (4.4%) | $272,394 (0.4%) | 0.58 | 382 |
| 2023-03-01 | $239,450 (4.3%) | $268,734 (-1.7%) | 0.56 | 395 |
| 2023-04-01 | $239,000 (0.0%) | $267,747 (-3.4%) | 0.56 | 365 |
LAREDO's median listing price comes in at 56% of the national average.
LAREDO's average listing price for 2023-04-01 was $267,747, a difference of $-9,319 (-3.4%) versus the prior year and $-987 versus the prior month.
For the 2023-04-01 period, LAREDO had 365 MLS listings, a difference of -30 listings (-8%) versus the prior month and 121 listings (50%) 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 | 80 days | 1,792 sqft |
| 2018-02-01 | 77 days | 1,784 sqft |
| 2018-03-01 | 68 days | 1,830 sqft |
| 2018-04-01 | 71 days | 1,820 sqft |
| 2018-05-01 | 68 days | 1,798 sqft |
| 2018-06-01 | 59 days | 1,819 sqft |
| 2018-07-01 | 60 days | 1,812 sqft |
| 2018-08-01 | 62 days | 1,827 sqft |
| 2018-09-01 | 72 days | 1,799 sqft |
| 2018-10-01 | 81 days | 1,695 sqft |
| 2018-11-01 | 77 days | 1,702 sqft |
| 2018-12-01 | 74 days | 1,699 sqft |
| 2019-01-01 | 73 days | 1,705 sqft |
| 2019-02-01 | 65 days | 1,703 sqft |
| 2019-03-01 | 57 days | 1,724 sqft |
| 2019-04-01 | 61 days | 1,773 sqft |
| 2019-05-01 | 58 days | 1,804 sqft |
| 2019-06-01 | 59 days | 1,817 sqft |
| 2019-07-01 | 59 days | 1,875 sqft |
| 2019-08-01 | 65 days | 1,829 sqft |
| 2019-09-01 | 62 days | 1,796 sqft |
| 2019-10-01 | 58 days | 1,798 sqft |
| 2019-11-01 | 67 days | 1,813 sqft |
| 2019-12-01 | 74 days | 1,808 sqft |
| 2020-01-01 | 81 days | 1,829 sqft |
| 2020-02-01 | 72 days | 1,864 sqft |
| 2020-03-01 | 60 days | 1,868 sqft |
| 2020-04-01 | 69 days | 1,889 sqft |
| 2020-05-01 | 78 days | 1,863 sqft |
| 2020-06-01 | 84 days | 1,853 sqft |
| 2020-07-01 | 55 days | 1,821 sqft |
| 2020-08-01 | 46 days | 1,812 sqft |
| 2020-09-01 | 51 days | 1,800 sqft |
| 2020-10-01 | 54 days | 1,791 sqft |
| 2020-11-01 | 61 days | 1,785 sqft |
| 2020-12-01 | 67 days | 1,776 sqft |
| 2021-01-01 | 59 days | 1,702 sqft |
| 2021-02-01 | 38 days | 1,654 sqft |
| 2021-03-01 | 40 days | 1,707 sqft |
| 2021-04-01 | 48 days | 1,686 sqft |
| 2021-05-01 | 58 days | 1,700 sqft |
| 2021-06-01 | 43 days | 1,690 sqft |
| 2021-07-01 | 52 days | 1,709 sqft |
| 2021-08-01 | 58 days | 1,705 sqft |
| 2021-09-01 | 50 days | 1,669 sqft |
| 2021-10-01 | 56 days | 1,708 sqft |
| 2021-11-01 | 52 days | 1,702 sqft |
| 2021-12-01 | 45 days | 1,727 sqft |
| 2022-01-01 | 48 days | 1,700 sqft |
| 2022-02-01 | 40 days | 1,701 sqft |
| 2022-03-01 | 40 days | 1,703 sqft |
| 2022-04-01 | 38 days | 1,750 sqft |
| 2022-05-01 | 38 days | 1,716 sqft |
| 2022-06-01 | 37 days | 1,738 sqft |
| 2022-07-01 | 33 days | 1,732 sqft |
| 2022-08-01 | 41 days | 1,741 sqft |
| 2022-09-01 | 52 days | 1,735 sqft |
| 2022-10-01 | 49 days | 1,736 sqft |
| 2022-11-01 | 52 days | 1,735 sqft |
| 2022-12-01 | 60 days | 1,733 sqft |
| 2023-01-01 | 64 days | 1,712 sqft |
| 2023-02-01 | 47 days | 1,701 sqft |
| 2023-03-01 | 54 days | 1,700 sqft |
| 2023-04-01 | 57 days | 1,648 sqft |
LAREDO's median square footage for active listings during the 2023-04-01 period was 1,648 sqft. One year prior, the average listing was 1,750 sqft.
LAREDO, TX Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 78019 | Laredo, TX | $750 | $760 | $940 | $1,220 | $1,350 |
| 78040 | Laredo, TX | $670 | $670 | $830 | $1,080 | $1,220 |
| 78041 | Laredo, TX | $770 | $770 | $960 | $1,250 | $1,380 |
| 78042 | Laredo, TX | $750 | $760 | $940 | $1,220 | $1,350 |
| 78043 | Laredo, TX | $740 | $740 | $920 | $1,190 | $1,320 |
| 78044 | Laredo, TX | $750 | $760 | $940 | $1,220 | $1,350 |
| 78045 | Laredo, TX | $1,060 | $1,070 | $1,320 | $1,710 | $1,890 |
| 78046 | Laredo, TX | $720 | $730 | $900 | $1,170 | $1,290 |
| 78344 | Laredo, TX | $750 | $760 | $940 | $1,220 | $1,350 |
| 78369 | Laredo, TX | $750 | $760 | $940 | $1,220 | $1,350 |
| 78371 | Laredo, TX | $750 | $760 | $940 | $1,220 | $1,350 |
2022 Average & Median Rent Data Statistics
LAREDO, TX average 1BR rent: $776, median: $760
LAREDO, TX average 2BR rent: $961, median: $940
LAREDO, TX average 3BR rent: $1,247, median: $1,220
LAREDO, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,242 | $518,590,000 | $231,307 |
| Cash Out Refi | 314 | $58,370,000 | $185,892 |
| Refi | 294 | $70,360,000 | $239,320 |
| Other | 51 | $5,255,000 | $103,039 |
| Home Improvement | 47 | $4,815,000 | $102,447 |
Laredo's most frequently cited loan purpose was Home Purchase, with 2,242 originations. The 2nd most popular reason was Cash Out Refi, with 314 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 704 | $157,980,000 | $224,403 |
| 4-5% | 639 | $162,215,000 | $253,858 |
| 3-4% | 636 | $142,740,000 | $224,434 |
| 6-7% | 349 | $78,515,000 | $224,971 |
| 2.5-3% | 181 | $40,045,000 | $221,243 |
| <2.5% | 144 | $11,730,000 | $81,458 |
| 7-8% | 118 | $20,750,000 | $175,847 |
| Over 8% | 55 | $7,245,000 | $131,727 |
During 2022, Laredo's most frequently originated rate bucket was 5-6%, with 704 originations.
Loan Sizing (LAREDO, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,503 | $398,675,000 | $265,253 |
| $100k-200k | 994 | $157,650,000 | $158,602 |
| $100,000 or less | 338 | $17,270,000 | $51,095 |
| $400k-600k | 88 | $41,160,000 | $467,727 |
| $600k-1000k | 14 | $9,620,000 | $687,143 |
| $Over $1MM | 11 | $33,015,000 | $3,001,364 |
LAREDO's loan sizing saw the bucket of loans from $200k-400k with 1,503 originations, totaling $398,675,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,813 | $433,205,000 | $238,944 |
| 60-80% | 568 | $136,370,000 | $240,088 |
| 40-60% | 189 | $29,955,000 | $158,492 |
| Under 20% | 130 | $2,320,000 | $17,846 |
| 20-40% | 77 | $7,065,000 | $91,753 |
| Over 100% | 24 | $6,150,000 | $256,250 |
LAREDO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,813 originations, totaling $433,205,000 in origination value.