Mexico Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mexico averaged
6.35%
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
5.97% and
one month ago for the week of 2023-04-20, the
average rate was 6.27%.
Mexico's average rate one year ago was 4.93%.
For refis of the same type during the week of 2023-05-25, the average rate
was 6.47%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
Mexico 30 Year Fixed Rate | 2023-05-25 | 6.35% |
Mexico 30 Year Fixed Rate Refi | 2023-05-25 | 6.47% |
Mexico 15 Year Fixed Rate | 2023-05-25 | 5.97% |
Mexico 15 Year Fixed Rate Refi | 2023-05-25 | 6.27% |
Mexico 30 Year FHA | 2023-05-25 | 6.41% |
Mexico 30 Year FHA Refi | 2023-05-25 | 6.81% |
Mexico 30 Year USDA | 2023-05-25 | 6.53% |
Mexico 30 Year USDA Refi | 2023-05-25 | 6.53% |
Mexico 30 Year VA | 2023-05-25 | 6.41% |
Mexico 30 Year VA Refi | 2023-05-25 | 6.31% |
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 45 lenders originated 528
loans during 2022. The total origination value was $69,050,000, with an average loan value of
$130,777.
Mexico's average closing costs are $3,342.
The top Mexico lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
38 loans originated. Their average total fees are
$2,713, which is $613
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 ($2,100), FLAT BRANCH MORTGAGE, INC. ($2,713), .
The lowest rate Mexico lenders (with over 10 loans originated) are
The Central Trust Bank (4.86%), FLAT BRANCH MORTGAGE, INC. (5.11%), .
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
FLAT BRANCH MORTGAGE, INC. | $15,020,000 | $14,155,000 | -5.8% | 20.5% |
The Central Trust Bank | $3,315,000 | $10,320,000 | 211.3% | 14.9% |
First State Community Bank | $6,985,000 | $3,765,000 | -46.1% | 5.5% |
DAS Acquisition Company, LLC | $3,900,000 | $3,165,000 | -18.8% | 4.6% |
Mortgage Research Center, LLC | $3,865,000 | $2,710,000 | -29.9% | 3.9% |
United Credit Union | $3,410,000 | $2,655,000 | -22.1% | 3.8% |
QUICKEN LOANS, LLC | $4,180,000 | $2,570,000 | -38.5% | 3.7% |
Bank of Odessa | $2,475,000 | n/a | 3.6% | |
Commerce Bank | $4,320,000 | $2,310,000 | -46.5% | 3.3% |
HomeBank | $2,650,000 | $2,180,000 | -17.7% | 3.2% |
The Bank of Missouri | $1,905,000 | $1,545,000 | -18.9% | 2.2% |
U.S. Bank | $3,565,000 | $1,515,000 | -57.5% | 2.2% |
The Bank of Old Monroe | $1,130,000 | n/a | 1.6% | |
The Callaway Bank | $1,575,000 | $1,060,000 | -32.7% | 1.5% |
LOANDEPOT.COM, LLC | $395,000 | $695,000 | 75.9% | 1.0% |
COMMERCIAL TRUST COMPANY OF FAYETTE | $840,000 | $630,000 | -25.0% | 0.9% |
River Region Credit Union | $540,000 | $570,000 | 5.6% | 0.8% |
Community State Bank of Missouri | $925,000 | $540,000 | -41.6% | 0.8% |
Exchange Bank of Missouri | $705,000 | $540,000 | -23.4% | 0.8% |
CROSSCOUNTRY MORTGAGE, LLC | $530,000 | n/a | 0.8% | |
Mr. Cooper ( Nationstar Mortgage ) | $485,000 | $505,000 | 4.1% | 0.7% |
BROKER SOLUTIONS, INC. | $365,000 | $470,000 | 28.8% | 0.7% |
ON Q FINANCIAL, INC. | $210,000 | $465,000 | 121.4% | 0.7% |
Alliant Bank | $250,000 | $455,000 | 82.0% | 0.7% |
Magnolia Bank | $125,000 | $440,000 | 252.0% | 0.6% |
UNITED WHOLESALE MORTGAGE, LLC | $360,000 | $405,000 | 12.5% | 0.6% |
Carrington Mortgage Services, LLC | $190,000 | $400,000 | 110.5% | 0.6% |
USAA Federal Savings Bank | $455,000 | $400,000 | -12.1% | 0.6% |
GUARANTEED RATE AFFINITY, LLC | $395,000 | n/a | 0.6% | |
Wells Fargo Bank | $465,000 | $395,000 | -15.1% | 0.6% |
JPMorgan Chase Bank | $95,000 | $385,000 | 305.3% | 0.6% |
MISSOURI ELECTRIC COOPERATIVES EMPL | $365,000 | n/a | 0.5% | |
HNB National Bank | $1,480,000 | $360,000 | -75.7% | 0.5% |
GERSHMAN INVESTMENT CORP. | $470,000 | $350,000 | -25.5% | 0.5% |
CMG MORTGAGE, INC. | $240,000 | $330,000 | 37.5% | 0.5% |
FCS Financial FLCA | $625,000 | $315,000 | -49.6% | 0.5% |
Members Mortgage Services, L.L.C. | $310,000 | n/a | 0.4% | |
First Midwest Bank of Poplar Bluff | $305,000 | n/a | 0.4% | |
FREEDOM MORTGAGE CORPORATION | $795,000 | $290,000 | -63.5% | 0.4% |
NEW DAY FINANCIAL, LLC | $270,000 | n/a | 0.4% | |
Regional Missouri Bank | $660,000 | $255,000 | -61.4% | 0.4% |
GUILD MORTGAGE COMPANY | $235,000 | $250,000 | 6.4% | 0.4% |
Colonial Savings, F.A. | $235,000 | n/a | 0.3% | |
Great Southern Bank | $235,000 | n/a | 0.3% | |
Ally Bank | $230,000 | n/a | 0.3% | |
ROYAL UNITED MORTGAGE LLC | $65,000 | $230,000 | 253.8% | 0.3% |
Equity Prime Mortgage LLC | $225,000 | n/a | 0.3% | |
First State Bank of St. Charles, Missouri | $95,000 | $215,000 | 126.3% | 0.3% |
PENNYMAC LOAN SERVICES, LLC | $1,405,000 | $215,000 | -84.7% | 0.3% |
Carrollton Bank | $95,000 | $205,000 | 115.8% | 0.3% |
FIRST COMMUNITY MORTGAGE, INC. | $185,000 | n/a | 0.3% | |
Southern Bank | $185,000 | n/a | 0.3% | |
DELMAR FINANCIAL COMPANY | $165,000 | $175,000 | 6.1% | 0.3% |
Hawthorn Bank | $175,000 | n/a | 0.3% | |
AMERICAN FINANCING CORPORATION | $275,000 | $165,000 | -40.0% | 0.2% |
Deere Employees Credit Union | $200,000 | $165,000 | -17.5% | 0.2% |
GUARANTY HOME MORTGAGE CORPORATION | $165,000 | n/a | 0.2% | |
MISSOURI Credit Union | $640,000 | $165,000 | -74.2% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $160,000 | n/a | 0.2% | |
Discover Bank | $115,000 | $155,000 | 34.8% | 0.2% |
First Bank | $150,000 | n/a | 0.2% | |
JLB CORPORATION | $150,000 | n/a | 0.2% | |
Arvest Bank | $265,000 | $145,000 | -45.3% | 0.2% |
EVERETT FINANCIAL, INC. | $145,000 | n/a | 0.2% | |
NEWREZ LLC | $260,000 | $145,000 | -44.2% | 0.2% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $125,000 | n/a | 0.2% | |
NUMARK CREDIT UNION | $125,000 | n/a | 0.2% | |
TruHome Solutions, LLC | $125,000 | $125,000 | 0.0% | 0.2% |
FRONTIER FINANCIAL, INC. | $115,000 | n/a | 0.2% | |
F&B Acquisition Group LLC | $105,000 | n/a | 0.2% | |
Flagstar Bank, FSB | $735,000 | $105,000 | -85.7% | 0.2% |
The Home Loan Expert LLC | $100,000 | n/a | 0.1% | |
Bell Bank | $95,000 | n/a | 0.1% | |
SOUTHWEST STAGE FUNDING, LLC | $95,000 | n/a | 0.1% | |
Community Mortgage Banc Corporation | $350,000 | $85,000 | -75.7% | 0.1% |
COMMUNITY MORTGAGE, LLC | $5,035,000 | $85,000 | -98.3% | 0.1% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $375,000 | $85,000 | -77.3% | 0.1% |
United Bank of Union | $85,000 | n/a | 0.1% | |
Signature Federal Credit Union | $75,000 | n/a | 0.1% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $700,000 | $60,000 | -91.4% | 0.1% |
THOMPSON KANE & COMPANY, LLC | $55,000 | n/a | 0.1% | |
WEST COMMUNITY | $155,000 | $55,000 | -64.5% | 0.1% |
FIRST COMMUNITY | $85,000 | $35,000 | -58.8% | 0.1% |
PEOPLES BANK & TRUST CO. | $30,000 | n/a | 0.0% | |
Simmons Bank | $145,000 | $15,000 | -89.7% | 0.0% |
Mexico's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 20.5% market share. In second place, with 14.9%, is The Central Trust Bank, having originated $10,320,000 in loans. In third place, with 5.5%, is First State Community Bank, having originated $3,765,000 in loans. In fourth place, with 4.6%, is DAS Acquisition Company, LLC, having originated $3,165,000 in loans. In fifth place, with 3.9%, is Mortgage Research Center, LLC, having originated $2,710,000 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 | $92,700 (23.6%) | $142,864 (38.7%) | 0.00 | 98 |
2019-04-01 | $119,325 (44.6%) | $159,151 (42.9%) | 0.00 | 89 |
2019-05-01 | $132,975 (52.4%) | $168,515 (47.0%) | 0.00 | 89 |
2019-06-01 | $134,900 (51.2%) | $170,668 (52.3%) | 0.00 | 94 |
2019-07-01 | $123,550 (30.2%) | $165,284 (45.2%) | 0.00 | 95 |
2019-08-01 | $124,900 (31.9%) | $159,000 (25.4%) | 0.00 | 106 |
2019-09-01 | $129,800 (40.0%) | $155,397 (19.4%) | 0.00 | 95 |
2019-10-01 | $112,575 (16.0%) | $144,779 (8.1%) | 0.00 | 99 |
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 (-6.7%) | $131,954 (-7.6%) | 0.00 | 73 |
2020-04-01 | $77,900 (-34.7%) | $135,829 (-14.7%) | 0.00 | 64 |
2020-05-01 | $85,000 (-36.1%) | $141,010 (-16.3%) | 0.00 | 62 |
2020-06-01 | $102,050 (-24.4%) | $149,510 (-12.4%) | 0.00 | 57 |
2020-07-01 | $107,250 (-13.2%) | $152,677 (-7.6%) | 0.00 | 63 |
2020-08-01 | $125,000 (0.1%) | $163,403 (2.8%) | 0.00 | 61 |
2020-09-01 | $118,225 (-8.9%) | $167,060 (7.5%) | 0.00 | 55 |
2020-10-01 | $110,000 (-2.3%) | $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 | $109,950 (-0.1%) | $159,562 (1.4%) | 0.00 | 47 |
2021-11-01 | $117,500 (-13.5%) | $164,287 (-5.3%) | 0.00 | 50 |
2021-12-01 | $91,750 (-18.4%) | $150,962 (-1.9%) | 0.00 | 41 |
2022-01-01 | $112,000 (-6.6%) | $154,760 (-4.8%) | 0.00 | 29 |
2022-02-01 | $129,900 (8.3%) | $155,832 (-15.6%) | 0.00 | 26 |
2022-03-01 | $130,975 (1.8%) | $162,923 (-20.6%) | 0.00 | 25 |
2022-04-01 | $140,000 (16.0%) | $186,823 (12.6%) | 0.00 | 29 |
2022-05-01 | $148,700 (24.0%) | $181,446 (8.4%) | 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 (37.8%) | $171,020 (7.2%) | 0.00 | 57 |
2022-11-01 | $150,000 (27.7%) | $178,736 (8.8%) | 0.00 | 54 |
2022-12-01 | $152,450 (66.2%) | $176,441 (16.9%) | 0.00 | 50 |
2023-01-01 | $129,700 (15.8%) | $162,972 (5.3%) | 0.00 | 49 |
2023-02-01 | $133,675 (2.9%) | $145,933 (-6.4%) | 0.00 | 48 |
2023-03-01 | $139,200 (6.3%) | $163,847 (0.6%) | 0.00 | 34 |
2023-04-01 | $173,700 (24.1%) | $200,463 (7.3%) | 0.00 | 32 |
Mexico's median listing price comes in at 0% of the national average.
Mexico's average listing price for 2023-04-01 was $200,463, a difference of $13,640 (7.3%) versus the prior year and $36,616 versus the prior month.
For the 2023-04-01 period, Mexico had 32 MLS listings, a difference of -2 listings (-6%) versus the prior month and 3 listings (10%) 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 | 1,457 sqft |
2019-04-01 | 0 days | 1,593 sqft |
2019-05-01 | 0 days | 1,665 sqft |
2019-06-01 | 0 days | 1,638 sqft |
2019-07-01 | 0 days | 1,552 sqft |
2019-08-01 | 0 days | 1,564 sqft |
2019-09-01 | 0 days | 1,529 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 | 1,400 sqft |
2021-12-01 | 0 days | 1,426 sqft |
2022-01-01 | 0 days | 1,344 sqft |
2022-02-01 | 0 days | 1,217 sqft |
2022-03-01 | 0 days | 1,300 sqft |
2022-04-01 | 0 days | 1,530 sqft |
2022-05-01 | 0 days | 1,548 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 |
Mexico's median square footage for active listings during the 2023-04-01 period was 1,512 sqft. One year prior, the average listing was 1,530 sqft.
Mexico, MO Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 342 | $49,540,000 | $144,854 |
Refi | 75 | $9,565,000 | $127,533 |
Cash Out Refi | 62 | $7,290,000 | $117,581 |
Other | 25 | $1,255,000 | $50,200 |
Home Improvement | 24 | $1,400,000 | $58,333 |
Mexico's most frequently cited loan purpose was Home Purchase, with 342 originations. The 2nd most popular reason was Refi, with 75 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 120 | $15,090,000 | $125,750 |
4-5% | 119 | $16,405,000 | $137,857 |
3-4% | 90 | $13,840,000 | $153,778 |
6-7% | 78 | $9,010,000 | $115,513 |
7-8% | 24 | $2,410,000 | $100,417 |
2.5-3% | 17 | $2,385,000 | $140,294 |
Over 8% | 3 | $135,000 | $45,000 |
During 2022, Mexico's most frequently originated rate bucket was 5-6%, with 120 originations.
Loan Sizing (Mexico, MO MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 239 | $14,675,000 | $61,402 |
$100k-200k | 213 | $30,385,000 | $142,653 |
$200k-400k | 69 | $18,055,000 | $261,667 |
$400k-600k | 5 | $2,395,000 | $479,000 |
$Over $1MM | 2 | $3,540,000 | $1,770,000 |
Mexico's loan sizing saw the bucket of loans from $100,000 or less with 239 originations, totaling $14,675,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 232 | $33,040,000 | $142,414 |
60-80% | 126 | $17,270,000 | $137,063 |
40-60% | 46 | $5,490,000 | $119,348 |
20-40% | 23 | $1,435,000 | $62,391 |
Under 20% | 16 | $770,000 | $48,125 |
Over 100% | 5 | $945,000 | $189,000 |
Mexico's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 232 originations, totaling $33,040,000 in origination value.