MAYAGÜEZ Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in MayagÜez averaged
6.9%
for the week of 2025-04-03, compared to the national average of
6.64% for the same period.
The average rate for the prior week (2025-03-27) was
6.91% and
one month ago for the week of 2025-02-27, the
average rate was 7.22%.
MayagÜez's average rate one year ago was 6.85%.
For refis of the same type during the week of 2025-04-03, the average rate
was 7.14%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-03 | 6.64% |
| MayagÜez 30 Year Fixed Rate | 2025-04-03 | 6.9% |
| MayagÜez 30 Year Fixed Rate Refi | 2025-04-03 | 7.14% |
| MayagÜez 15 Year Fixed Rate | 2025-04-03 | 5.62% |
| MayagÜez 15 Year Fixed Rate Refi | 2025-04-03 | 6.02% |
| MayagÜez 30 Year FHA | 2025-04-03 | 5.67% |
| MayagÜez 30 Year FHA Refi | 2025-04-03 | 6.36% |
| MayagÜez 30 Year USDA | 2025-04-03 | 6.12% |
| MayagÜez 30 Year USDA Refi | 2025-04-03 | 6.42% |
| MayagÜez 30 Year VA | 2025-04-03 | 5.96% |
| MayagÜez 30 Year VA Refi | 2025-04-03 | 6.26% |
MAYAGÜEZ 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 MAYAGÜEZ, PR 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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| Banco Popular de Puerto Rico | 24 | 8.01% | $4,670 |
| Cooperativa de Ahorro y Credito de Rincon | 14 | 6.14% | $4,063 |
| THE MONEY HOUSE INC. | 7 | 7.27% | $4,770 |
| FIRSTBANK PUERTO RICO | 6 | 6.40% | $4,107 |
| FIRST EQUITY MORTGAGE BANKERS, INC. | 3 | 7.63% | $7,694 |
| Oriental Bank | 3 | 6.29% | $4,477 |
| COOPERATIVA DE AHORRO Y CREDITO DE CABO ROJO | 3 | 6.83% | $3,273 |
| PENTAGON FEDERAL CREDIT UNION | 2 | 6.38% | $12,533 |
| COOPERATIVA DE AHORRO Y CREDITO DE LARES | 2 | 6.83% | $3,843 |
| COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS | 1 | 5.00% | $6,848 |
| COOPERATIVA DE AHORRO Y CREDITO DE CAMUY | 1 | 6.95% | $3,475 |
| COOPERATIVA DE AHORRO Y CREDITO DE ISABELA | 1 | 5.99% | $3,347 |
| Capital Mortgage Services Corp. | 1 | 7.50% | $7,854 |
| Cooperativa A/C de Arecibo | 1 | 7.50% | $4,704 |
| PLANET HOME LENDING, LLC | 1 | 6.99% | $8,860 |
MAYAGÜEZ Average Closing Costs & Other Stats
MAYAGÜEZ, PR's 15 lenders originated 231
loans during 2024. The total origination value was $28,815,000, with an average loan value of
$124,740.
MAYAGÜEZ's average closing costs are $5,941.
The top MAYAGÜEZ lender as defined by loan originations is Banco Popular de Puerto Rico, with
24 loans originated. Their average total fees are
$4,670, which is $608
higher than the next largest lender,
Cooperativa de Ahorro y Credito de Rincon.
The lowest fee MAYAGÜEZ lenders (with over 10 loans originated) are
Cooperativa de Ahorro y Credito de Rincon ($4,063), Banco Popular de Puerto Rico ($4,670), .
The lowest rate MAYAGÜEZ lenders (with over 10 loans originated) are
Cooperativa de Ahorro y Credito de Rincon (6.14%), Banco Popular de Puerto Rico (8.01%), .
MAYAGÜEZ, PR 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.
MAYAGÜEZ's top lender by overall market share is Banco Popular de Puerto Rico, with 32.3% market share. In second place, with 17.3%, is THE MONEY HOUSE INC., having originated $4,980,000 in loans. In third place, with 10.0%, is FIRSTBANK PUERTO RICO, having originated $2,875,000 in loans. In fourth place, with 7.0%, is Oriental Bank, having originated $2,025,000 in loans. In fifth place, with 5.9%, is Cooperativa de Ahorro y Credito de Rincon, having originated $1,700,000 in loans.
MAYAGÜEZ, PR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 203 | $25,855,000 | $127,365 |
| Cash Out Refi | 22 | $2,350,000 | $106,818 |
| Home Improvement | 3 | $395,000 | $131,667 |
| Refi | 2 | $160,000 | $80,000 |
| Other | 1 | $55,000 | $55,000 |
MayagÜez's most frequently cited loan purpose was Home Purchase, with 203 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 97 | $11,635,000 | $119,948 |
| 5-6% | 61 | $7,775,000 | $127,459 |
| 7-8% | 32 | $3,240,000 | $101,250 |
| 4-5% | 23 | $4,305,000 | $187,174 |
| Over 8% | 14 | $960,000 | $68,571 |
| 3-4% | 3 | $835,000 | $278,333 |
During 2024, MayagÜez's most frequently originated rate bucket was 6-7%, with 97 originations.
Loan Sizing (MAYAGÜEZ, PR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 109 | $7,275,000 | $66,743 |
| $100k-200k | 86 | $11,740,000 | $136,512 |
| $200k-400k | 35 | $9,315,000 | $266,143 |
| $400k-600k | 1 | $485,000 | $485,000 |
MAYAGÜEZ's loan sizing saw the bucket of loans from $100,000 or less with 109 originations, totaling $7,275,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 91 | $15,615,000 | $171,593 |
| 60-80% | 90 | $9,610,000 | $106,778 |
| 40-60% | 32 | $1,800,000 | $56,250 |
| 20-40% | 11 | $785,000 | $71,364 |
| Over 100% | 4 | $750,000 | $187,500 |
| Under 20% | 2 | $160,000 | $80,000 |
MAYAGÜEZ's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 91 originations, totaling $15,615,000 in origination value.