Mexico Mortgage Rates
30 Year Fixed Rate mortgages in Mexico averaged
5.92%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
6.33% and
one month ago for the week of 2022-05-26, the
average rate was 5.42%.
Mexico's average rate one year ago was 3.28%.
For refis of the same type during the week of 2022-06-30, the average rate
was 6.06%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
Mexico 30 Year Fixed Rate | 2022-06-30 | 5.92% |
Mexico 30 Year Fixed Rate Refi | 2022-06-30 | 6.06% |
Mexico 15 Year Fixed Rate | 2022-06-30 | 5.27% |
Mexico 15 Year Fixed Rate Refi | 2022-06-30 | 5.19% |
Mexico 30 Year FHA | 2022-06-30 | 5.59% |
Mexico 30 Year FHA Refi | 2022-06-30 | 5.63% |
Mexico 30 Year USDA | 2022-06-30 | 5.52% |
Mexico 30 Year USDA Refi | 2022-06-30 | 5.22% |
Mexico 30 Year VA | 2022-06-30 | 5.69% |
Mexico 30 Year VA Refi | 2022-06-30 | 5.22% |
Mexico Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, 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, MO's 56 lenders originated 645
loans during 2021. The total origination value was $85,325,000, with an average loan value of
$132,287.
The top Mexico lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
44 loans originated. Their average total fees are
$2,268, which is $695
higher than the next largest lender,
First State Community Bank.
The lowest fee Mexico lenders (with over 10 loans originated) are
First State Community Bank ($1,573), COMMUNITY MORTGAGE, LLC ($2,155), FLAT BRANCH MORTGAGE, INC. ($2,268), The Central Trust Bank ($2,290) and DAS Acquisition Company, LLC ($3,103).
The lowest rate Mexico lenders (with over 10 loans originated) are
COMMUNITY MORTGAGE, LLC (3.02%), First State Community Bank (3.08%), FLAT BRANCH MORTGAGE, INC. (3.32%), The Central Trust Bank (3.36%) and DAS Acquisition Company, LLC (3.46%).
Mexico, MO Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
FLAT BRANCH MORTGAGE, INC. | $10,935,000 | $15,020,000 | 37.4% | 17.6% |
First State Community Bank | $3,470,000 | $6,985,000 | 101.3% | 8.2% |
COMMUNITY MORTGAGE, LLC | $4,710,000 | $5,035,000 | 6.9% | 5.9% |
Commerce Bank | $6,815,000 | $4,320,000 | -36.6% | 5.1% |
QUICKEN LOANS, LLC | $6,215,000 | $4,180,000 | -32.7% | 4.9% |
DAS Acquisition Company, LLC | $1,920,000 | $3,900,000 | 103.1% | 4.6% |
Mortgage Research Center, LLC | $2,440,000 | $3,865,000 | 58.4% | 4.5% |
U.S. Bank | $2,480,000 | $3,565,000 | 43.8% | 4.2% |
United Credit Union | $2,920,000 | $3,410,000 | 16.8% | 4.0% |
The Central Trust Bank | $675,000 | $3,315,000 | 391.1% | 3.9% |
HomeBank | $3,145,000 | $2,650,000 | -15.7% | 3.1% |
The Bank of Missouri | $2,375,000 | $1,905,000 | -19.8% | 2.2% |
The Callaway Bank | $2,225,000 | $1,575,000 | -29.2% | 1.8% |
HNB National Bank | $1,085,000 | $1,480,000 | 36.4% | 1.7% |
PENNYMAC LOAN SERVICES, LLC | $140,000 | $1,405,000 | 903.6% | 1.6% |
Community State Bank of Missouri | $540,000 | $925,000 | 71.3% | 1.1% |
PENTAGON FEDERAL CREDIT UNION | $135,000 | $885,000 | 555.6% | 1.0% |
COMMERCIAL TRUST COMPANY OF FAYETTE | $840,000 | n/a | 1.0% | |
FREEDOM MORTGAGE CORPORATION | $540,000 | $795,000 | 47.2% | 0.9% |
Midwest Mortgage Associates Corporation | $510,000 | $770,000 | 51.0% | 0.9% |
Flagstar Bank, FSB | $145,000 | $735,000 | 406.9% | 0.9% |
Exchange Bank of Missouri | $580,000 | $705,000 | 21.6% | 0.8% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $115,000 | $700,000 | 508.7% | 0.8% |
Regional Missouri Bank | $250,000 | $660,000 | 164.0% | 0.8% |
MISSOURI Credit Union | $565,000 | $640,000 | 13.3% | 0.8% |
FCS Financial FLCA | $625,000 | n/a | 0.7% | |
River Region Credit Union | $115,000 | $540,000 | 369.6% | 0.6% |
Mr. Cooper ( Nationstar Mortgage ) | $380,000 | $485,000 | 27.6% | 0.6% |
GERSHMAN INVESTMENT CORP. | $200,000 | $470,000 | 135.0% | 0.6% |
Wells Fargo Bank | $375,000 | $465,000 | 24.0% | 0.5% |
USAA Federal Savings Bank | $145,000 | $455,000 | 213.8% | 0.5% |
Paramount Bank | $450,000 | n/a | 0.5% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $445,000 | n/a | 0.5% | |
NAVY FEDERAL CREDIT UNION | $60,000 | $440,000 | 633.3% | 0.5% |
LOANDEPOT.COM, LLC | $55,000 | $395,000 | 618.2% | 0.5% |
Servion, Inc. | $670,000 | $395,000 | -41.0% | 0.5% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $380,000 | n/a | 0.4% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $375,000 | n/a | 0.4% | |
BROKER SOLUTIONS, INC. | $365,000 | n/a | 0.4% | |
UNITED WHOLESALE MORTGAGE, LLC | $155,000 | $360,000 | 132.3% | 0.4% |
Community Mortgage Banc Corporation | $350,000 | n/a | 0.4% | |
HOME POINT FINANCIAL CORPORATION | $705,000 | $350,000 | -50.4% | 0.4% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $460,000 | $350,000 | -23.9% | 0.4% |
UNION HOME MORTGAGE CORP. | $105,000 | $335,000 | 219.0% | 0.4% |
Springfield First Community Bank | $315,000 | n/a | 0.4% | |
VILLAGE CAPITAL & INVESTMENT LLC | $200,000 | $315,000 | 57.5% | 0.4% |
Fortress Bank | $285,000 | n/a | 0.3% | |
AMERICAN FINANCING CORPORATION | $275,000 | n/a | 0.3% | |
Arvest Bank | $65,000 | $265,000 | 307.7% | 0.3% |
NEWREZ LLC | $260,000 | n/a | 0.3% | |
Alliant Bank | $415,000 | $250,000 | -39.8% | 0.3% |
CMG MORTGAGE, INC. | $240,000 | n/a | 0.3% | |
GUILD MORTGAGE COMPANY | $95,000 | $235,000 | 147.4% | 0.3% |
AMERISAVE MORTGAGE CORPORATION | $545,000 | $230,000 | -57.8% | 0.3% |
ON Q FINANCIAL, INC. | $735,000 | $210,000 | -71.4% | 0.2% |
ENDEAVOR CAPITAL, LLC. | $210,000 | $205,000 | -2.4% | 0.2% |
Bank of America | $200,000 | n/a | 0.2% | |
Deere Employees Credit Union | $200,000 | n/a | 0.2% | |
First Guaranty Mortgage Corporation | $195,000 | n/a | 0.2% | |
21ST MORTGAGE CORPORATION | $80,000 | $190,000 | 137.5% | 0.2% |
Carrington Mortgage Services, LLC | $200,000 | $190,000 | -5.0% | 0.2% |
GUARANTEED RATE, INC. | $180,000 | n/a | 0.2% | |
CHURCHILL MORTGAGE CORPORATION | $310,000 | $175,000 | -43.5% | 0.2% |
DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $175,000 | n/a | 0.2% | |
DELMAR FINANCIAL COMPANY | $165,000 | n/a | 0.2% | |
PNC Bank | $55,000 | $165,000 | 200.0% | 0.2% |
PLAZA HOME MORTGAGE, INC. | $155,000 | n/a | 0.2% | |
WEST COMMUNITY | $170,000 | $155,000 | -8.8% | 0.2% |
First Federal Bank of Kansas City | $145,000 | n/a | 0.2% | |
Simmons Bank | $185,000 | $145,000 | -21.6% | 0.2% |
LEADERONE FINANCIAL CORPORATION | $135,000 | n/a | 0.2% | |
Low VA Rates, LLC | $135,000 | n/a | 0.2% | |
SCOTT CREDIT UNION | $135,000 | n/a | 0.2% | |
Magnolia Bank | $245,000 | $125,000 | -49.0% | 0.1% |
Oakstar Bank | $125,000 | n/a | 0.1% | |
Paramount Residential Mortgage Group, Inc. | $125,000 | n/a | 0.1% | |
TruHome Solutions, LLC | $125,000 | n/a | 0.1% | |
Discover Bank | $115,000 | n/a | 0.1% | |
Carrollton Bank | $95,000 | n/a | 0.1% | |
First State Bank of St. Charles, Missouri | $95,000 | n/a | 0.1% | |
JPMorgan Chase Bank | $235,000 | $95,000 | -59.6% | 0.1% |
FIRST COMMUNITY | $85,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $330,000 | $65,000 | -80.3% | 0.1% |
CALIBER HOME LOANS, INC. | $55,000 | n/a | 0.1% |
Mexico's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 17.6% market share. In second place, with 8.2%, is First State Community Bank, having originated $6,985,000 in loans. In third place, with 5.9%, is COMMUNITY MORTGAGE, LLC, having originated $5,035,000 in loans. In third place, with 5.1%, is Commerce Bank, having originated $4,320,000 in loans. In third place, with 4.9%, is QUICKEN LOANS, LLC, having originated $4,180,000 in loans.
Mexico, MO Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 361 | $47,115,000 | $130,512 |
Refi | 185 | $25,005,000 | $135,162 |
Cash Out Refi | 72 | $11,070,000 | $153,750 |
Other | 14 | $1,250,000 | $89,286 |
Home Improvement | 13 | $885,000 | $68,077 |
Mexico's most frequently cited loan purpose was Home Purchase, with 361 originations. The 2nd most popular reason was Refi, with 185 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 274 | $37,550,000 | $137,044 |
2.5-3% | 178 | $26,090,000 | $146,573 |
<2.5% | 59 | $8,875,000 | $150,424 |
4-5% | 54 | $5,260,000 | $97,407 |
5-6% | 5 | $205,000 | $41,000 |
7-8% | 2 | $120,000 | $60,000 |
Over 8% | 1 | $135,000 | $135,000 |
During 2021, Mexico's most frequently originated rate bucket was 3-4%, with 274 originations.
Loan Sizing (Mexico, MO MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 271 | $37,585,000 | $138,690 |
$100,000 or less | 268 | $17,310,000 | $64,590 |
$200k-400k | 97 | $25,335,000 | $261,186 |
$400k-600k | 7 | $3,205,000 | $457,857 |
$600k-1000k | 1 | $885,000 | $885,000 |
$Over $1MM | 1 | $1,005,000 | $1,005,000 |
Mexico's loan sizing saw the bucket of loans from $100k-200k with 271 originations, totaling $37,585,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 303 | $43,415,000 | $143,284 |
60-80% | 168 | $23,030,000 | $137,083 |
40-60% | 57 | $7,085,000 | $124,298 |
20-40% | 17 | $2,005,000 | $117,941 |
Under 20% | 9 | $305,000 | $33,889 |
Over 100% | 3 | $375,000 | $125,000 |
Mexico's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 303 originations, totaling $43,415,000 in origination value.
Market Conditions (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 | $77,050 (17.6%) | $108,396 (4.8%) | 0.00 | 110 |
2018-02-01 | $74,200 (6.2%) | $100,751 (-6.4%) | 0.00 | 108 |
2018-03-01 | $75,500 (-7.9%) | $101,969 (-6.8%) | 0.00 | 109 |
2018-04-01 | $89,500 (10.6%) | $111,985 (-1.6%) | 0.00 | 102 |
2018-05-01 | $99,500 (28.5%) | $121,614 (10.2%) | 0.00 | 112 |
2018-06-01 | $93,500 (17.0%) | $117,726 (3.7%) | 0.00 | 122 |
2018-07-01 | $103,700 (38.3%) | $134,402 (18.7%) | 0.00 | 127 |
2018-08-01 | $99,650 (20.9%) | $142,826 (22.3%) | 0.00 | 126 |
2018-09-01 | $110,000 (43.8%) | $144,568 (21.1%) | 0.00 | 130 |
2018-10-01 | $114,250 (56.7%) | $145,160 (27.7%) | 0.00 | 131 |
2018-11-01 | $94,500 (35.2%) | $135,032 (22.6%) | 0.00 | 140 |
2018-12-01 | $95,000 (36.7%) | $134,827 (28.5%) | 0.00 | 146 |
2019-01-01 | $92,000 (19.4%) | $125,292 (15.6%) | 0.00 | 138 |
2019-02-01 | $95,000 (28.0%) | $131,616 (30.6%) | 0.00 | 150 |
2019-03-01 | $101,386 (34.3%) | $140,687 (38.0%) | 0.00 | 143 |
2019-04-01 | $119,450 (33.5%) | $150,768 (34.6%) | 0.00 | 124 |
2019-05-01 | $137,200 (37.9%) | $161,250 (32.6%) | 0.00 | 122 |
2019-06-01 | $132,500 (41.7%) | $163,486 (38.9%) | 0.00 | 121 |
2019-07-01 | $126,700 (22.2%) | $159,802 (18.9%) | 0.00 | 129 |
2019-08-01 | $129,729 (30.2%) | $156,358 (9.5%) | 0.00 | 139 |
2019-09-01 | $127,250 (15.7%) | $150,111 (3.8%) | 0.00 | 128 |
2019-10-01 | $129,900 (13.7%) | $147,320 (1.5%) | 0.00 | 121 |
2019-11-01 | $110,000 (16.4%) | $136,346 (1.0%) | 0.00 | 142 |
2019-12-01 | $107,950 (13.6%) | $132,992 (-1.4%) | 0.00 | 137 |
2020-01-01 | $102,700 (11.6%) | $127,417 (1.7%) | 0.00 | 122 |
2020-02-01 | $92,500 (-2.6%) | $126,816 (-3.7%) | 0.00 | 102 |
2020-03-01 | $89,900 (-11.3%) | $126,987 (-9.7%) | 0.00 | 96 |
2020-04-01 | $89,900 (-24.7%) | $127,362 (-15.5%) | 0.00 | 88 |
2020-05-01 | $93,500 (-31.9%) | $134,011 (-16.9%) | 0.00 | 88 |
2020-06-01 | $101,700 (-23.3%) | $137,537 (-15.9%) | 0.00 | 79 |
2020-07-01 | $107,500 (-15.2%) | $137,220 (-14.1%) | 0.00 | 85 |
2020-08-01 | $124,900 (-3.7%) | $151,247 (-3.3%) | 0.00 | 81 |
2020-09-01 | $119,000 (-6.5%) | $150,462 (0.2%) | 0.00 | 75 |
2020-10-01 | $110,000 (-15.3%) | $146,834 (-0.3%) | 0.00 | 77 |
2020-11-01 | $129,950 (18.1%) | $157,053 (15.2%) | 0.00 | 75 |
2020-12-01 | $110,000 (1.9%) | $139,377 (4.8%) | 0.00 | 77 |
2021-01-01 | $110,000 (7.1%) | $147,566 (15.8%) | 0.00 | 63 |
2021-02-01 | $114,950 (24.3%) | $169,515 (33.7%) | 0.00 | 44 |
2021-03-01 | $127,450 (41.8%) | $186,008 (46.5%) | 0.00 | 31 |
2021-04-01 | $118,950 (32.3%) | $161,269 (26.6%) | 0.00 | 33 |
2021-05-01 | $119,900 (28.2%) | $162,377 (21.2%) | 0.00 | 35 |
2021-06-01 | $94,825 (-6.8%) | $151,700 (10.3%) | 0.00 | 41 |
2021-07-01 | $80,250 (-25.4%) | $131,659 (-4.1%) | 0.00 | 46 |
2021-08-01 | $75,750 (-39.4%) | $126,262 (-16.5%) | 0.00 | 42 |
2021-09-01 | $91,750 (-22.9%) | $167,929 (11.6%) | 0.00 | 46 |
2021-10-01 | $128,900 (17.2%) | $175,633 (19.6%) | 0.00 | 68 |
2021-11-01 | $119,000 (-8.4%) | $173,539 (10.5%) | 0.00 | 66 |
2021-12-01 | $89,450 (-18.7%) | $150,268 (7.8%) | 0.00 | 52 |
2022-01-01 | $110,000 (0.0%) | $146,246 (-0.9%) | 0.00 | 40 |
2022-02-01 | $127,450 (10.9%) | $150,970 (-10.9%) | 0.00 | 32 |
2022-03-01 | $130,000 (2.0%) | $166,317 (-10.6%) | 0.00 | 31 |
2022-04-01 | $139,000 (16.9%) | $182,705 (13.3%) | 0.00 | 39 |
2022-05-01 | $147,500 (23.0%) | $180,858 (11.4%) | 0.00 | 39 |
2022-06-01 | $141,200 (48.9%) | $174,909 (15.3%) | 0.00 | 49 |
Mexico's median listing price comes in at 0% of the national average.
Mexico's average listing price for 2022-06-01 was $174,909, a difference of $23,209 (15.3%) versus the prior year and $-5,949 versus the prior month.
For the 2022-06-01 period, Mexico had 49 MLS listings, a difference of 10 listings (26%) versus the prior month and 8 listings (20%) 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 | 1,396 sqft |
2018-02-01 | 0 days | 1,422 sqft |
2018-03-01 | 0 days | 1,525 sqft |
2018-04-01 | 0 days | 1,548 sqft |
2018-05-01 | 0 days | 1,554 sqft |
2018-06-01 | 0 days | 1,525 sqft |
2018-07-01 | 0 days | 1,560 sqft |
2018-08-01 | 0 days | 1,568 sqft |
2018-09-01 | 0 days | 1,560 sqft |
2018-10-01 | 0 days | 1,589 sqft |
2018-11-01 | 0 days | 1,568 sqft |
2018-12-01 | 0 days | 1,549 sqft |
2019-01-01 | 0 days | 1,426 sqft |
2019-02-01 | 0 days | 1,434 sqft |
2019-03-01 | 0 days | 1,503 sqft |
2019-04-01 | 0 days | 1,653 sqft |
2019-05-01 | 0 days | 1,696 sqft |
2019-06-01 | 0 days | 1,620 sqft |
2019-07-01 | 0 days | 1,562 sqft |
2019-08-01 | 0 days | 1,566 sqft |
2019-09-01 | 0 days | 1,560 sqft |
2019-10-01 | 0 days | 1,616 sqft |
2019-11-01 | 0 days | 1,560 sqft |
2019-12-01 | 0 days | 1,561 sqft |
2020-01-01 | 0 days | 1,561 sqft |
2020-02-01 | 0 days | 1,447 sqft |
2020-03-01 | 0 days | 1,399 sqft |
2020-04-01 | 0 days | 1,394 sqft |
2020-05-01 | 0 days | 1,560 sqft |
2020-06-01 | 0 days | 1,680 sqft |
2020-07-01 | 0 days | 1,702 sqft |
2020-08-01 | 0 days | 1,795 sqft |
2020-09-01 | 0 days | 1,606 sqft |
2020-10-01 | 0 days | 1,511 sqft |
2020-11-01 | 0 days | 1,534 sqft |
2020-12-01 | 0 days | 1,481 sqft |
2021-01-01 | 0 days | 1,481 sqft |
2021-02-01 | 0 days | 1,401 sqft |
2021-03-01 | 0 days | 1,401 sqft |
2021-04-01 | 0 days | 1,486 sqft |
2021-05-01 | 0 days | 1,355 sqft |
2021-06-01 | 0 days | 1,333 sqft |
2021-07-01 | 0 days | 1,298 sqft |
2021-08-01 | 0 days | 1,350 sqft |
2021-09-01 | 0 days | 1,596 sqft |
2021-10-01 | 0 days | 1,586 sqft |
2021-11-01 | 0 days | 1,484 sqft |
2021-12-01 | 0 days | 1,417 sqft |
2022-01-01 | 0 days | 1,217 sqft |
2022-02-01 | 0 days | 1,183 sqft |
2022-03-01 | 0 days | 1,212 sqft |
2022-04-01 | 0 days | 1,500 sqft |
2022-05-01 | 0 days | 1,564 sqft |
2022-06-01 | 0 days | 1,434 sqft |
Mexico's median square footage for active listings during the 2022-06-01 period was 1,434 sqft. One year prior, the average listing was 1,333 sqft.