Mexico Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mexico averaged
6.53%
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
6.82% and
one month ago for the week of 2024-11-07, the
average rate was 6.72%.
Mexico's average rate one year ago was 6.76%.
For refis of the same type during the week of 2024-12-12, the average rate
was 7%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-12-12 | 6.6% |
Mexico 30 Year Fixed Rate | 2024-12-12 | 6.53% |
Mexico 30 Year Fixed Rate Refi | 2024-12-12 | 7% |
Mexico 15 Year Fixed Rate | 2024-12-12 | 5.84% |
Mexico 15 Year Fixed Rate Refi | 2024-12-12 | 5.74% |
Mexico 30 Year FHA | 2024-12-12 | 6.08% |
Mexico 30 Year FHA Refi | 2024-12-12 | 6.38% |
Mexico 30 Year USDA | 2024-12-12 | 6.1% |
Mexico 30 Year USDA Refi | 2024-12-12 | 6.5% |
Mexico 30 Year VA | 2024-12-12 | 5.88% |
Mexico 30 Year VA Refi | 2024-12-12 | 5.88% |
Mexico 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 Mexico, MO 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.).
Mexico Average Closing Costs & Other Stats
Mexico, MO's 28 lenders originated 378
loans during 2023. The total origination value was $49,070,000, with an average loan value of
$129,815.
Mexico's average closing costs are $3,487.
The top Mexico lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
39 loans originated. Their average total fees are
$2,845, which is $280
higher than the next largest lender,
The Central Trust Bank.
The lowest fee Mexico lenders (with over 10 loans originated) are
The Central Trust Bank ($2,564), FLAT BRANCH MORTGAGE, INC. ($2,845), .
The lowest rate Mexico lenders (with over 10 loans originated) are
The Central Trust Bank (6.70%), FLAT BRANCH MORTGAGE, INC. (6.74%), .
Mexico, MO 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 |
---|---|---|---|---|
FLAT BRANCH MORTGAGE, INC. | $14,155,000 | $13,525,000 | -4.5% | 27.6% |
The Central Trust Bank | $10,320,000 | $5,170,000 | -49.9% | 10.5% |
First State Community Bank | $3,765,000 | $4,360,000 | 15.8% | 8.9% |
DAS Acquisition Company, LLC | $3,165,000 | $2,435,000 | -23.1% | 5.0% |
QUICKEN LOANS, LLC | $2,570,000 | $2,295,000 | -10.7% | 4.7% |
Midwest Mortgage Associates Corporation | $1,875,000 | n/a | 3.8% | |
HomeBank | $2,180,000 | $1,670,000 | -23.4% | 3.4% |
United Credit Union | $2,655,000 | $1,390,000 | -47.6% | 2.8% |
The Bank of Missouri | $1,545,000 | $1,100,000 | -28.8% | 2.2% |
Commerce Bank | $2,310,000 | $1,060,000 | -54.1% | 2.2% |
Mortgage Research Center, LLC | $2,710,000 | $925,000 | -65.9% | 1.9% |
HNB National Bank | $360,000 | $855,000 | 137.5% | 1.7% |
USAA Federal Savings Bank | $400,000 | $850,000 | 112.5% | 1.7% |
COMMERCIAL TRUST COMPANY OF FAYETTE | $630,000 | $690,000 | 9.5% | 1.4% |
UNITED SECURITY BANK | $685,000 | n/a | 1.4% | |
The Callaway Bank | $1,060,000 | $555,000 | -47.6% | 1.1% |
NAVY FEDERAL CREDIT UNION | $530,000 | n/a | 1.1% | |
Bank of England | $465,000 | n/a | 0.9% | |
River Region Credit Union | $570,000 | $450,000 | -21.1% | 0.9% |
Mr. Cooper ( Nationstar Mortgage ) | $505,000 | $430,000 | -14.9% | 0.9% |
Regional Missouri Bank | $255,000 | $430,000 | 68.6% | 0.9% |
MISSOURI Credit Union | $165,000 | $425,000 | 157.6% | 0.9% |
GUILD MORTGAGE COMPANY | $250,000 | $305,000 | 22.0% | 0.6% |
GUARANTEED RATE AFFINITY, LLC | $395,000 | $295,000 | -25.3% | 0.6% |
THOMPSON KANE & COMPANY, LLC | $55,000 | $275,000 | 400.0% | 0.6% |
BROKER SOLUTIONS, INC. | $470,000 | $270,000 | -42.6% | 0.6% |
Mid-Continent Funding, Inc. | $270,000 | n/a | 0.6% | |
Carrington Mortgage Services, LLC | $400,000 | $260,000 | -35.0% | 0.5% |
DELMAR FINANCIAL COMPANY | $175,000 | $225,000 | 28.6% | 0.5% |
First American Bank | $225,000 | n/a | 0.5% | |
Community State Bank of Missouri | $540,000 | $195,000 | -63.9% | 0.4% |
American Airlines Federal Credit Union | $185,000 | n/a | 0.4% | |
UNITED WHOLESALE MORTGAGE, LLC | $405,000 | $185,000 | -54.3% | 0.4% |
First State Bank of St. Charles, Missouri | $215,000 | $175,000 | -18.6% | 0.4% |
ON Q FINANCIAL, INC. | $465,000 | $175,000 | -62.4% | 0.4% |
PLANET HOME LENDING, LLC | $175,000 | n/a | 0.4% | |
U.S. Bank | $1,515,000 | $175,000 | -88.4% | 0.4% |
MUTUAL OF OMAHA MORTGAGE, INC. | $170,000 | n/a | 0.3% | |
AMERICAN FINANCIAL RESOURCES, INC. | $165,000 | n/a | 0.3% | |
Flagstar Bank, FSB | $105,000 | $165,000 | 57.1% | 0.3% |
KeyBank | $165,000 | n/a | 0.3% | |
First Midwest Bank of Poplar Bluff | $305,000 | $160,000 | -47.5% | 0.3% |
Hawthorn Bank | $175,000 | $155,000 | -11.4% | 0.3% |
PEOPLES BANK & TRUST CO. | $30,000 | $155,000 | 416.7% | 0.3% |
WEST COMMUNITY | $55,000 | $155,000 | 181.8% | 0.3% |
ENDEAVOR CAPITAL, LLC. | $145,000 | n/a | 0.3% | |
Flanagan State Bank | $145,000 | n/a | 0.3% | |
RED DIAMOND HOME LOANS, LLC | $135,000 | n/a | 0.3% | |
CHURCHILL MORTGAGE CORPORATION | $125,000 | n/a | 0.3% | |
GERSHMAN INVESTMENT CORP. | $350,000 | $125,000 | -64.3% | 0.3% |
Plains Commerce Bank | $125,000 | n/a | 0.3% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $85,000 | $105,000 | 23.5% | 0.2% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $100,000 | n/a | 0.2% | |
Exchange Bank of Missouri | $540,000 | $95,000 | -82.4% | 0.2% |
FREEDOM MORTGAGE CORPORATION | $290,000 | $95,000 | -67.2% | 0.2% |
AMERISAVE MORTGAGE CORPORATION | $85,000 | n/a | 0.2% | |
Brighton Bank | $85,000 | n/a | 0.2% | |
Discover Bank | $155,000 | $85,000 | -45.2% | 0.2% |
PLAZA HOME MORTGAGE, INC. | $85,000 | n/a | 0.2% | |
Community Mortgage Banc Corporation | $85,000 | $75,000 | -11.8% | 0.2% |
CROSSCOUNTRY MORTGAGE, LLC | $530,000 | $75,000 | -85.8% | 0.2% |
LEADERONE FINANCIAL CORPORATION | $75,000 | n/a | 0.2% | |
Members Mortgage Services, L.L.C. | $310,000 | $75,000 | -75.8% | 0.2% |
FINANCE OF AMERICA REVERSE LLC | $65,000 | n/a | 0.1% | |
NEW DAY FINANCIAL, LLC | $270,000 | $65,000 | -75.9% | 0.1% |
PENNYMAC LOAN SERVICES, LLC | $215,000 | $55,000 | -74.4% | 0.1% |
VANTAGE Credit Union | $45,000 | n/a | 0.1% | |
UMB Bank | $35,000 | n/a | 0.1% | |
LOANDEPOT.COM, LLC | $695,000 | $25,000 | -96.4% | 0.1% |
R-G Federal Credit Union | $25,000 | n/a | 0.1% | |
United Bank of Union | $85,000 | $5,000 | -94.1% | 0.0% |
Mexico's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 27.6% market share. In second place, with 10.5%, is The Central Trust Bank, having originated $5,170,000 in loans. In third place, with 8.9%, is First State Community Bank, having originated $4,360,000 in loans. In fourth place, with 5.0%, is DAS Acquisition Company, LLC, having originated $2,435,000 in loans. In fifth place, with 4.7%, is QUICKEN LOANS, LLC, having originated $2,295,000 in loans.
Mexico Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Mexico (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 | $77,575 (-3.5%) | $111,632 (-11.7%) | 0.00 | 96 |
2018-02-01 | $75,125 (-8.3%) | $106,215 (-8.9%) | 0.00 | 92 |
2018-03-01 | $75,000 (-14.2%) | $102,999 (-13.2%) | 0.00 | 89 |
2018-04-01 | $82,550 (-5.1%) | $111,358 (-9.0%) | 0.00 | 81 |
2018-05-01 | $87,250 (9.2%) | $114,626 (-3.5%) | 0.00 | 91 |
2018-06-01 | $89,250 (8.5%) | $112,048 (-8.1%) | 0.00 | 96 |
2018-07-01 | $94,875 (19.4%) | $113,847 (-6.7%) | 0.00 | 97 |
2018-08-01 | $94,700 (13.2%) | $126,792 (4.2%) | 0.00 | 94 |
2018-09-01 | $92,750 (23.7%) | $130,130 (9.1%) | 0.00 | 93 |
2018-10-01 | $97,075 (31.7%) | $133,985 (16.5%) | 0.00 | 97 |
2018-11-01 | $89,600 (28.2%) | $129,378 (14.8%) | 0.00 | 105 |
2018-12-01 | $89,900 (28.6%) | $126,790 (19.0%) | 0.00 | 114 |
2019-01-01 | $81,250 (4.7%) | $115,940 (3.9%) | 0.00 | 112 |
2019-02-01 | $91,125 (21.3%) | $123,749 (16.5%) | 0.00 | 121 |
2019-03-01 | $98,871 (31.8%) | $140,022 (35.9%) | 0.00 | 107 |
2019-04-01 | $116,600 (41.3%) | $155,126 (39.3%) | 0.00 | 88 |
2019-05-01 | $131,825 (51.1%) | $164,999 (44.0%) | 0.00 | 88 |
2019-06-01 | $133,700 (49.8%) | $167,498 (49.5%) | 0.00 | 93 |
2019-07-01 | $119,850 (26.3%) | $162,927 (43.1%) | 0.00 | 94 |
2019-08-01 | $119,473 (26.2%) | $158,266 (24.8%) | 0.00 | 101 |
2019-09-01 | $111,332 (20.0%) | $150,190 (15.4%) | 0.00 | 100 |
2019-10-01 | $110,855 (14.2%) | $144,779 (8.1%) | 0.00 | 100 |
2019-11-01 | $105,000 (17.2%) | $137,893 (6.6%) | 0.00 | 110 |
2019-12-01 | $97,700 (8.7%) | $132,005 (4.1%) | 0.00 | 102 |
2020-01-01 | $89,400 (10.0%) | $130,546 (12.6%) | 0.00 | 92 |
2020-02-01 | $87,250 (-4.3%) | $131,952 (6.6%) | 0.00 | 81 |
2020-03-01 | $86,450 (-12.6%) | $131,954 (-5.8%) | 0.00 | 73 |
2020-04-01 | $77,900 (-33.2%) | $135,829 (-12.4%) | 0.00 | 64 |
2020-05-01 | $85,000 (-35.5%) | $141,010 (-14.5%) | 0.00 | 62 |
2020-06-01 | $102,050 (-23.7%) | $149,510 (-10.7%) | 0.00 | 57 |
2020-07-01 | $107,250 (-10.5%) | $152,677 (-6.3%) | 0.00 | 63 |
2020-08-01 | $125,000 (4.6%) | $163,403 (3.3%) | 0.00 | 61 |
2020-09-01 | $118,225 (6.2%) | $167,060 (11.2%) | 0.00 | 55 |
2020-10-01 | $110,000 (-0.8%) | $157,405 (8.7%) | 0.00 | 57 |
2020-11-01 | $135,850 (29.4%) | $173,468 (25.8%) | 0.00 | 56 |
2020-12-01 | $112,475 (15.1%) | $153,952 (16.6%) | 0.00 | 57 |
2021-01-01 | $119,900 (34.1%) | $162,616 (24.6%) | 0.00 | 42 |
2021-02-01 | $119,900 (37.4%) | $184,666 (40.0%) | 0.00 | 30 |
2021-03-01 | $128,675 (48.8%) | $205,244 (55.5%) | 0.00 | 22 |
2021-04-01 | $120,700 (54.9%) | $165,873 (22.1%) | 0.00 | 24 |
2021-05-01 | $119,900 (41.1%) | $167,464 (18.8%) | 0.00 | 29 |
2021-06-01 | $116,250 (13.9%) | $167,420 (12.0%) | 0.00 | 34 |
2021-07-01 | $95,250 (-11.2%) | $145,907 (-4.4%) | 0.00 | 42 |
2021-08-01 | $90,000 (-28.0%) | $149,356 (-8.6%) | 0.00 | 42 |
2021-09-01 | $108,000 (-8.7%) | $159,420 (-4.6%) | 0.00 | 42 |
2021-10-01 | $105,000 (-4.6%) | $159,562 (1.4%) | 0.00 | 47 |
2021-11-01 | $116,250 (-14.4%) | $163,760 (-5.6%) | 0.00 | 49 |
2021-12-01 | $89,600 (-20.3%) | $149,955 (-2.6%) | 0.00 | 40 |
2022-01-01 | $110,000 (-8.3%) | $153,328 (-5.7%) | 0.00 | 28 |
2022-02-01 | $127,700 (6.5%) | $154,582 (-16.3%) | 0.00 | 25 |
2022-03-01 | $123,675 (-3.9%) | $161,782 (-21.2%) | 0.00 | 24 |
2022-04-01 | $137,000 (13.5%) | $186,650 (12.5%) | 0.00 | 28 |
2022-05-01 | $147,450 (23.0%) | $181,144 (8.2%) | 0.00 | 33 |
2022-06-01 | $138,700 (19.3%) | $176,805 (5.6%) | 0.00 | 37 |
2022-07-01 | $150,000 (57.5%) | $172,927 (18.5%) | 0.00 | 48 |
2022-08-01 | $139,900 (55.4%) | $154,049 (3.1%) | 0.00 | 53 |
2022-09-01 | $139,900 (29.5%) | $291,048 (82.6%) | 0.00 | 51 |
2022-10-01 | $151,500 (44.3%) | $171,020 (7.2%) | 0.00 | 57 |
2022-11-01 | $150,000 (29.0%) | $178,736 (9.2%) | 0.00 | 54 |
2022-12-01 | $152,450 (70.2%) | $176,441 (17.7%) | 0.00 | 50 |
2023-01-01 | $129,700 (17.9%) | $162,972 (6.3%) | 0.00 | 49 |
2023-02-01 | $133,675 (4.7%) | $145,933 (-5.6%) | 0.00 | 48 |
2023-03-01 | $139,200 (12.6%) | $163,847 (1.3%) | 0.00 | 34 |
2023-04-01 | $173,700 (26.8%) | $200,463 (7.4%) | 0.00 | 32 |
2023-05-01 | $155,450 (5.4%) | $180,624 (-0.3%) | 0.00 | 30 |
2023-06-01 | $138,725 (0.0%) | $175,018 (-1.0%) | 0.00 | 33 |
2023-07-01 | $169,900 (13.3%) | $200,459 (15.9%) | 0.00 | 32 |
2023-08-01 | $173,050 (23.7%) | $211,747 (37.5%) | 0.00 | 40 |
2023-09-01 | $142,948 (2.2%) | $213,242 (-26.7%) | 0.00 | 34 |
2023-10-01 | $159,900 (5.5%) | $223,314 (30.6%) | 0.00 | 34 |
2023-11-01 | $161,775 (7.9%) | $236,082 (32.1%) | 0.00 | 34 |
2023-12-01 | $109,900 (-27.9%) | $180,262 (2.2%) | 0.00 | 56 |
2024-01-01 | $118,075 (-9.0%) | $188,112 (15.4%) | 0.00 | 56 |
2024-02-01 | $107,400 (-19.7%) | $208,190 (42.7%) | 0.00 | 75 |
2024-03-01 | $117,498 (-15.6%) | $240,316 (46.7%) | 0.00 | 73 |
2024-04-01 | $122,449 (-29.5%) | $247,641 (23.5%) | 0.00 | 67 |
2024-05-01 | $112,475 (-27.7%) | $216,618 (19.9%) | 0.00 | 65 |
2024-06-01 | $99,900 (-28.0%) | $188,482 (7.7%) | 0.00 | 63 |
2024-07-01 | $138,000 (-18.8%) | $185,881 (-7.3%) | 0.00 | 70 |
2024-08-01 | $144,000 (-16.8%) | $191,765 (-9.4%) | 0.00 | 59 |
2024-09-01 | $148,724 (4.0%) | $197,948 (-7.2%) | 0.00 | 55 |
2024-10-01 | $137,225 (-14.2%) | $194,365 (-13.0%) | 0.00 | 52 |
2024-11-01 | $150,000 (-7.3%) | $196,407 (-16.8%) | 0.00 | 53 |
Mexico's median listing price comes in at 0% of the national average.
Mexico's average listing price for 2024-11-01 was $196,407, a difference of $-39,675 (-16.8%) versus the prior year and $2,042 versus the prior month.
For the 2024-11-01 period, Mexico had 53 MLS listings, a difference of 1 listings (2%) versus the prior month and 19 listings (56%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Mexico (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,412 sqft |
2018-02-01 | 0 days | 1,443 sqft |
2018-03-01 | 0 days | 1,525 sqft |
2018-04-01 | 0 days | 1,528 sqft |
2018-05-01 | 0 days | 1,466 sqft |
2018-06-01 | 0 days | 1,416 sqft |
2018-07-01 | 0 days | 1,412 sqft |
2018-08-01 | 0 days | 1,431 sqft |
2018-09-01 | 0 days | 1,415 sqft |
2018-10-01 | 0 days | 1,470 sqft |
2018-11-01 | 0 days | 1,482 sqft |
2018-12-01 | 0 days | 1,460 sqft |
2019-01-01 | 0 days | 1,367 sqft |
2019-02-01 | 0 days | 1,405 sqft |
2019-03-01 | 0 days | 1,446 sqft |
2019-04-01 | 0 days | 1,573 sqft |
2019-05-01 | 0 days | 1,656 sqft |
2019-06-01 | 0 days | 1,629 sqft |
2019-07-01 | 0 days | 1,541 sqft |
2019-08-01 | 0 days | 1,557 sqft |
2019-09-01 | 0 days | 1,553 sqft |
2019-10-01 | 0 days | 1,550 sqft |
2019-11-01 | 0 days | 1,484 sqft |
2019-12-01 | 0 days | 1,561 sqft |
2020-01-01 | 0 days | 1,560 sqft |
2020-02-01 | 0 days | 1,490 sqft |
2020-03-01 | 0 days | 1,432 sqft |
2020-04-01 | 0 days | 1,397 sqft |
2020-05-01 | 0 days | 1,604 sqft |
2020-06-01 | 0 days | 1,707 sqft |
2020-07-01 | 0 days | 1,718 sqft |
2020-08-01 | 0 days | 1,800 sqft |
2020-09-01 | 0 days | 1,704 sqft |
2020-10-01 | 0 days | 1,648 sqft |
2020-11-01 | 0 days | 1,625 sqft |
2020-12-01 | 0 days | 1,593 sqft |
2021-01-01 | 0 days | 1,599 sqft |
2021-02-01 | 0 days | 1,441 sqft |
2021-03-01 | 0 days | 1,454 sqft |
2021-04-01 | 0 days | 1,525 sqft |
2021-05-01 | 0 days | 1,355 sqft |
2021-06-01 | 0 days | 1,313 sqft |
2021-07-01 | 0 days | 1,344 sqft |
2021-08-01 | 0 days | 1,554 sqft |
2021-09-01 | 0 days | 1,601 sqft |
2021-10-01 | 0 days | 1,526 sqft |
2021-11-01 | 0 days | 1,368 sqft |
2021-12-01 | 0 days | 1,422 sqft |
2022-01-01 | 0 days | 1,307 sqft |
2022-02-01 | 0 days | 1,212 sqft |
2022-03-01 | 0 days | 1,294 sqft |
2022-04-01 | 0 days | 1,456 sqft |
2022-05-01 | 0 days | 1,565 sqft |
2022-06-01 | 0 days | 1,409 sqft |
2022-07-01 | 0 days | 1,429 sqft |
2022-08-01 | 0 days | 1,399 sqft |
2022-09-01 | 0 days | 1,406 sqft |
2022-10-01 | 0 days | 1,470 sqft |
2022-11-01 | 0 days | 1,459 sqft |
2022-12-01 | 0 days | 1,456 sqft |
2023-01-01 | 0 days | 1,432 sqft |
2023-02-01 | 0 days | 1,375 sqft |
2023-03-01 | 0 days | 1,426 sqft |
2023-04-01 | 0 days | 1,512 sqft |
2023-05-01 | 0 days | 1,462 sqft |
2023-06-01 | 0 days | 1,416 sqft |
2023-07-01 | 0 days | 1,452 sqft |
2023-08-01 | 0 days | 1,494 sqft |
2023-09-01 | 0 days | 1,421 sqft |
2023-10-01 | 0 days | 1,299 sqft |
2023-11-01 | 0 days | 1,337 sqft |
2023-12-01 | 0 days | 1,415 sqft |
2024-01-01 | 0 days | 1,387 sqft |
2024-02-01 | 0 days | 1,250 sqft |
2024-03-01 | 0 days | 1,404 sqft |
2024-04-01 | 0 days | 1,414 sqft |
2024-05-01 | 0 days | 1,605 sqft |
2024-06-01 | 0 days | 1,664 sqft |
2024-07-01 | 0 days | 1,600 sqft |
2024-08-01 | 0 days | 1,583 sqft |
2024-09-01 | 0 days | 1,588 sqft |
2024-10-01 | 0 days | 1,543 sqft |
2024-11-01 | 0 days | 1,606 sqft |
Mexico's median square footage for active listings during the 2024-11-01 period was 1,606 sqft. One year prior, the average listing was 1,337 sqft.
Mexico, MO Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 278 | $40,500,000 | $145,683 |
Refi | 29 | $3,415,000 | $117,759 |
Cash Out Refi | 26 | $2,860,000 | $110,000 |
Other | 24 | $1,180,000 | $49,167 |
Home Improvement | 21 | $1,115,000 | $53,095 |
Mexico's most frequently cited loan purpose was Home Purchase, with 278 originations. The 2nd most popular reason was Refi, with 29 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 137 | $19,585,000 | $142,956 |
7-8% | 89 | $13,255,000 | $148,933 |
Over 8% | 52 | $5,400,000 | $103,846 |
5-6% | 41 | $5,895,000 | $143,780 |
<2.5% | 2 | $10,000 | $5,000 |
2.5-3% | 1 | $35,000 | $35,000 |
During 2023, Mexico's most frequently originated rate bucket was 6-7%, with 137 originations.
Loan Sizing (Mexico, MO MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 170 | $10,190,000 | $59,941 |
$100k-200k | 148 | $21,060,000 | $142,297 |
$200k-400k | 52 | $13,970,000 | $268,654 |
$400k-600k | 8 | $3,850,000 | $481,250 |
Mexico's loan sizing saw the bucket of loans from $100,000 or less with 170 originations, totaling $10,190,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 173 | $26,185,000 | $151,358 |
60-80% | 75 | $11,215,000 | $149,533 |
20-40% | 29 | $2,375,000 | $81,897 |
40-60% | 22 | $2,740,000 | $124,545 |
Under 20% | 18 | $540,000 | $30,000 |
Over 100% | 5 | $1,125,000 | $225,000 |
Mexico's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 173 originations, totaling $26,185,000 in origination value.