Pecos Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Pecos averaged 7.1% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.68% and one month ago for the week of 2024-03-14, the average rate was 6.64%.

    Pecos's average rate one year ago was 6.17%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.3%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Pecos 30 Year Fixed Rate 2024-04-18 7.1%
    Pecos 30 Year Fixed Rate Refi 2024-04-18 7.3%
    Pecos 15 Year Fixed Rate 2024-04-18 6.49%
    Pecos 15 Year Fixed Rate Refi 2024-04-18 6.49%
    Pecos 30 Year FHA 2024-04-18 6.66%
    Pecos 30 Year FHA Refi 2024-04-18 6.86%
    Pecos 30 Year USDA 2024-04-18 6.86%
    Pecos 30 Year USDA Refi 2024-04-18 6.86%
    Pecos 30 Year VA 2024-04-18 6.76%
    Pecos 30 Year VA Refi 2024-04-18 6.86%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Pecos, TX.

    Pecos 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 Pecos, 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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 4 7.39% $10,470
    Waterstone Mortgage Corporation 3 6.92% $7,296
    QUICKEN LOANS, LLC 2 7.31% $7,678
    JPMorgan Chase Bank 2 6.63% $7,225
    LAKEVIEW LOAN SERVICING, LLC 1 6.88% $8,912
    LOANDEPOT.COM, LLC 1 6.88% $8,976
    Mortgage Research Center, LLC 1 6.63% $2,772
    NAVY ARMY COMMUNITY CREDIT UNION 1 6.25% $100
    PENNYMAC LOAN SERVICES, LLC 1 7.13% $7,421
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $6,873
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.13% $7,009
    The Loan Store, Inc. 1 7.38% $5,230
    BROKER SOLUTIONS, INC. 1 7.38% $5,994
    ZILLOW HOME LOANS, LLC 1 7.63% $4,397
    CARDINAL FINANCIAL 1 6.25% $5,296
    CHEVRON 1 5.25% $1,585
    GUARANTEED RATE, INC. 1 6.60% $11,214

    Pecos Average Closing Costs & Other Stats

    Pecos, TX's 17 lenders originated 111 loans during 2023. The total origination value was $22,445,000, with an average loan value of $202,207.

    Pecos's average closing costs are $8,323.

    The top Pecos lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 4 loans originated. Their average total fees are $10,470, which is $3,173 higher than the next largest lender, Waterstone Mortgage Corporation.

    The lowest fee Pecos lenders (with over 10 loans originated) are .

    The lowest rate Pecos lenders (with over 10 loans originated) are .

    Pecos, 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Waterstone Mortgage Corporation $3,015,000 $2,885,000 -4.3% 12.9%
    UNITED WHOLESALE MORTGAGE, LLC $450,000 $2,455,000 445.6% 10.9%
    21ST MORTGAGE CORPORATION $900,000 $2,120,000 135.6% 9.4%
    JPMorgan Chase Bank $1,100,000 n/a 4.9%
    GUARANTEED RATE, INC. $265,000 $885,000 234.0% 3.9%
    QUICKEN LOANS, LLC $1,125,000 $810,000 -28.0% 3.6%
    SECURITYNATIONAL MORTGAGE COMPANY $1,360,000 $780,000 -42.6% 3.5%
    LOANDEPOT.COM, LLC $270,000 $705,000 161.1% 3.1%
    GUILD MORTGAGE COMPANY $945,000 $550,000 -41.8% 2.5%
    PENNYMAC LOAN SERVICES, LLC $115,000 $475,000 313.0% 2.1%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $450,000 $430,000 -4.4% 1.9%
    West Texas National Bank $835,000 $420,000 -49.7% 1.9%
    AMCAP MORTGAGE, LTD. $295,000 $415,000 40.7% 1.8%
    SOUTHWEST STAGE FUNDING, LLC $505,000 $395,000 -21.8% 1.8%
    Southwest Bank $385,000 n/a 1.7%
    WILLOW BEND MORTGAGE COMPANY, LLC $375,000 n/a 1.7%
    Gateway First Bank $135,000 $365,000 170.4% 1.6%
    CARDINAL FINANCIAL $1,055,000 $360,000 -65.9% 1.6%
    Strong Home Mortgage, LLC $345,000 n/a 1.5%
    Wells Fargo Bank $735,000 $340,000 -53.7% 1.5%
    Pecos County State Bank $290,000 n/a 1.3%
    Community National Bank $285,000 n/a 1.3%
    TJC Mortgage, Inc. $285,000 n/a 1.3%
    MANN FINANCIAL INC. $275,000 n/a 1.2%
    Mortgage Research Center, LLC $695,000 $275,000 -60.4% 1.2%
    LAKEVIEW LOAN SERVICING, LLC $265,000 n/a 1.2%
    OCMBC, INC. $265,000 n/a 1.2%
    Texas National Bank $265,000 n/a 1.2%
    AMERICAN FINANCIAL RESOURCES, INC. $315,000 $250,000 -20.6% 1.1%
    NAVY ARMY COMMUNITY CREDIT UNION $235,000 n/a 1.0%
    BROKER SOLUTIONS, INC. $95,000 $230,000 142.1% 1.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $95,000 $200,000 110.5% 0.9%
    EVERETT FINANCIAL, INC. $255,000 $195,000 -23.5% 0.9%
    Watermark Capital, Inc. $540,000 $195,000 -63.9% 0.9%
    DIRECTIONS EQUITY, LLC $185,000 n/a 0.8%
    Complex Community Federal Credit Union $165,000 n/a 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $165,000 n/a 0.7%
    CROSSCOUNTRY MORTGAGE, LLC $525,000 $155,000 -70.5% 0.7%
    NAVY FEDERAL CREDIT UNION $155,000 n/a 0.7%
    ZILLOW HOME LOANS, LLC $155,000 n/a 0.7%
    The Loan Store, Inc. $145,000 n/a 0.6%
    CHEVRON $135,000 n/a 0.6%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $135,000 n/a 0.6%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $125,000 n/a 0.6%
    PLAZA HOME MORTGAGE, INC. $115,000 n/a 0.5%
    CSL Financial, LLC $105,000 n/a 0.5%
    Bank of America $65,000 n/a 0.3%

    Pecos's top lender by overall market share is Waterstone Mortgage Corporation, with 12.9% market share. In second place, with 10.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $2,455,000 in loans. In third place, with 9.4%, is 21ST MORTGAGE CORPORATION, having originated $2,120,000 in loans. In fourth place, with 4.9%, is JPMorgan Chase Bank, having originated $1,100,000 in loans. In fifth place, with 3.9%, is GUARANTEED RATE, INC., having originated $885,000 in loans.

    Pecos Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Pecos (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 $172,900 (28.2%) $587,429 (291.8%) 0.00 7
    2018-02-01 $221,250 (46.1%) $673,345 (331.4%) 0.00 6
    2018-03-01 $220,000 (56.7%) $619,843 (316.1%) 0.00 7
    2018-04-01 $257,450 (90.9%) $586,100 (307.6%) 0.00 7
    2018-05-01 $310,000 (136.6%) $547,085 (291.1%) 0.00 9
    2018-06-01 $325,000 (88.4%) $575,094 (223.7%) 0.00 8
    2018-07-01 $326,000 (124.8%) $637,425 (367.6%) 0.00 8
    2018-08-01 $274,500 (45.8%) $424,836 (125.7%) 0.00 8
    2018-09-01 $241,950 (18.3%) $240,975 (-12.3%) 0.00 9
    2018-10-01 $249,000 (40.5%) $214,380 (-71.3%) 0.00 5
    2018-11-01 $212,250 (15.0%) $195,883 (-73.6%) 0.00 5
    2018-12-01 $189,500 (12.1%) $186,108 (-66.3%) 0.00 10
    2019-01-01 $167,000 (-3.4%) $171,505 (-70.8%) 0.00 9
    2019-02-01 $154,250 (-30.3%) $186,733 (-72.3%) 0.00 6
    2019-03-01 $143,714 (-34.7%) $182,026 (-70.6%) 0.00 7
    2019-04-01 $114,214 (-55.6%) $171,007 (-70.8%) 0.00 9
    2019-05-01 $203,950 (-34.2%) $218,824 (-60.0%) 0.00 9
    2019-06-01 $216,900 (-33.3%) $239,947 (-58.3%) 0.00 14
    2019-07-01 $206,250 (-36.7%) $224,853 (-64.7%) 0.00 18
    2019-08-01 $208,077 (-24.2%) $230,310 (-45.8%) 0.00 18
    2019-09-01 $228,818 (-5.4%) $253,651 (5.3%) 0.00 18
    2019-10-01 $237,645 (-4.6%) $274,328 (28.0%) 0.00 18
    2019-11-01 $239,900 (13.0%) $280,313 (43.1%) 0.00 20
    2019-12-01 $250,000 (31.9%) $269,135 (44.6%) 0.00 20
    2020-01-01 $250,000 (49.7%) $276,774 (61.4%) 0.00 19
    2020-02-01 $230,000 (49.1%) $259,760 (39.1%) 0.00 24
    2020-03-01 $209,000 (45.4%) $239,182 (31.4%) 0.00 24
    2020-04-01 $204,750 (79.3%) $237,417 (38.8%) 0.00 19
    2020-05-01 $220,000 (7.9%) $238,107 (8.8%) 0.00 15
    2020-06-01 $164,900 (-24.0%) $215,082 (-10.4%) 0.00 13
    2020-07-01 $137,728 (-33.2%) $208,282 (-7.4%) 0.00 9
    2020-08-01 $150,000 (-27.9%) $210,544 (-8.6%) 0.00 9
    2020-09-01 $112,500 (-50.8%) $159,543 (-37.1%) 0.00 10
    2020-10-01 $189,250 (-20.4%) $199,200 (-27.4%) 0.00 9
    2020-11-01 $149,625 (-37.6%) $226,708 (-19.1%) 0.00 12
    2020-12-01 $214,000 (-14.4%) $222,821 (-17.2%) 0.00 14
    2021-01-01 $279,650 (11.9%) $263,339 (-4.9%) 0.00 17
    2021-02-01 $279,500 (21.5%) $273,396 (5.3%) 0.00 21
    2021-03-01 $273,495 (30.9%) $284,443 (18.9%) 0.00 20
    2021-04-01 $245,000 (19.7%) $257,437 (8.4%) 0.00 22
    2021-05-01 $247,450 (12.5%) $261,585 (9.9%) 0.00 20
    2021-06-01 $246,950 (49.8%) $271,865 (26.4%) 0.00 17
    2021-07-01 $245,000 (77.9%) $269,693 (29.5%) 0.00 18
    2021-08-01 $245,000 (63.3%) $273,963 (30.1%) 0.00 17
    2021-09-01 $279,500 (148.4%) $317,831 (99.2%) 0.00 15
    2021-10-01 $254,000 (34.2%) $321,367 (61.3%) 0.00 21
    2021-11-01 $255,500 (70.8%) $304,616 (34.4%) 0.00 21
    2021-12-01 $247,250 (15.5%) $283,019 (27.0%) 0.00 19
    2022-01-01 $220,000 (-21.3%) $273,761 (4.0%) 0.00 14
    2022-02-01 $254,250 (-9.0%) $312,467 (14.3%) 0.00 11
    2022-03-01 $245,000 (-10.4%) $247,911 (-12.8%) 0.00 17
    2022-04-01 $238,000 (-2.9%) $234,958 (-8.7%) 0.00 19
    2022-05-01 $217,350 (-12.2%) $229,271 (-12.4%) 0.00 23
    2022-06-01 $217,663 (-11.9%) $238,419 (-12.3%) 0.00 26
    2022-07-01 $199,450 (-18.6%) $217,663 (-19.3%) 0.00 22
    2022-08-01 $191,250 (-21.9%) $217,453 (-20.6%) 0.00 20
    2022-09-01 $195,500 (-30.1%) $239,013 (-24.8%) 0.00 21
    2022-10-01 $195,000 (-23.2%) $233,571 (-27.3%) 0.00 21
    2022-11-01 $210,250 (-17.7%) $257,455 (-15.5%) 0.00 23
    2022-12-01 $214,500 (-13.3%) $255,806 (-9.6%) 0.00 24
    2023-01-01 $284,875 (29.5%) $267,499 (-2.3%) 0.00 21
    2023-02-01 $285,750 (12.4%) $292,465 (-6.4%) 0.00 21
    2023-03-01 $288,875 (17.9%) $287,330 (15.9%) 0.00 19
    2023-04-01 $291,750 (22.6%) $299,161 (27.3%) 0.00 21
    2023-05-01 $287,250 (32.2%) $265,501 (15.8%) 0.00 19
    2023-06-01 $273,000 (25.4%) $291,630 (22.3%) 0.00 19
    2023-07-01 $285,000 (42.9%) $282,154 (29.6%) 0.00 23
    2023-08-01 $285,250 (49.2%) $298,466 (37.3%) 0.00 27
    2023-09-01 $302,000 (54.5%) $307,952 (28.8%) 0.00 20
    2023-10-01 $294,000 (50.8%) $289,241 (23.8%) 0.00 21
    2023-11-01 $293,500 (39.6%) $278,657 (8.2%) 0.00 26
    2023-12-01 $296,000 (38.0%) $292,600 (14.4%) 0.00 23
    2024-01-01 $295,500 (3.7%) $303,275 (13.4%) 0.00 24
    2024-02-01 $290,250 (1.6%) $312,946 (7.0%) 0.00 25
    2024-03-01 $302,500 (4.7%) $330,469 (15.0%) 0.00 28
    Pecos's median listing price for 2024-03-01 was $302,500, a difference of $13,625 (4.7%) versus the prior year and $12,250 versus the prior month.

    Pecos's median listing price comes in at 0% of the national average.

    Pecos's average listing price for 2024-03-01 was $330,469, a difference of $43,139 (15.0%) versus the prior year and $17,523 versus the prior month.

    For the 2024-03-01 period, Pecos had 28 MLS listings, a difference of 3 listings (12%) versus the prior month and 9 listings (47%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Pecos (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,926 sqft
    2018-02-01 0 days 2,071 sqft
    2018-03-01 0 days 2,253 sqft
    2018-04-01 0 days 1,873 sqft
    2018-05-01 0 days 2,108 sqft
    2018-06-01 0 days 2,950 sqft
    2018-07-01 0 days 3,075 sqft
    2018-08-01 0 days 2,342 sqft
    2018-09-01 0 days 2,040 sqft
    2018-10-01 0 days 2,040 sqft
    2018-11-01 0 days 1,920 sqft
    2018-12-01 0 days 1,775 sqft
    2019-01-01 0 days 1,700 sqft
    2019-02-01 0 days 1,625 sqft
    2019-03-01 0 days 1,535 sqft
    2019-04-01 0 days 1,285 sqft
    2019-05-01 0 days 1,446 sqft
    2019-06-01 0 days 1,764 sqft
    2019-07-01 0 days 1,600 sqft
    2019-08-01 0 days 1,652 sqft
    2019-09-01 0 days 1,830 sqft
    2019-10-01 0 days 1,948 sqft
    2019-11-01 0 days 2,052 sqft
    2019-12-01 0 days 2,058 sqft
    2020-01-01 0 days 2,096 sqft
    2020-02-01 0 days 2,051 sqft
    2020-03-01 0 days 1,971 sqft
    2020-04-01 0 days 1,984 sqft
    2020-05-01 0 days 2,038 sqft
    2020-06-01 0 days 1,822 sqft
    2020-07-01 0 days 1,917 sqft
    2020-08-01 0 days 1,930 sqft
    2020-09-01 0 days 1,279 sqft
    2020-10-01 0 days 1,620 sqft
    2020-11-01 0 days 1,627 sqft
    2020-12-01 0 days 1,551 sqft
    2021-01-01 0 days 1,671 sqft
    2021-02-01 0 days 1,694 sqft
    2021-03-01 0 days 1,952 sqft
    2021-04-01 0 days 1,922 sqft
    2021-05-01 0 days 1,825 sqft
    2021-06-01 0 days 1,761 sqft
    2021-07-01 0 days 1,798 sqft
    2021-08-01 0 days 2,007 sqft
    2021-09-01 0 days 2,021 sqft
    2021-10-01 0 days 2,040 sqft
    2021-11-01 0 days 1,986 sqft
    2021-12-01 0 days 1,724 sqft
    2022-01-01 0 days 1,761 sqft
    2022-02-01 0 days 1,908 sqft
    2022-03-01 0 days 1,683 sqft
    2022-04-01 0 days 1,605 sqft
    2022-05-01 0 days 1,727 sqft
    2022-06-01 0 days 1,727 sqft
    2022-07-01 0 days 1,739 sqft
    2022-08-01 0 days 1,679 sqft
    2022-09-01 0 days 1,754 sqft
    2022-10-01 0 days 1,647 sqft
    2022-11-01 0 days 1,780 sqft
    2022-12-01 0 days 1,767 sqft
    2023-01-01 0 days 1,733 sqft
    2023-02-01 0 days 1,687 sqft
    2023-03-01 0 days 1,613 sqft
    2023-04-01 0 days 1,694 sqft
    2023-05-01 0 days 1,707 sqft
    2023-06-01 0 days 1,768 sqft
    2023-07-01 0 days 1,908 sqft
    2023-08-01 0 days 1,962 sqft
    2023-09-01 0 days 1,645 sqft
    2023-10-01 0 days 1,825 sqft
    2023-11-01 0 days 1,815 sqft
    2023-12-01 0 days 1,835 sqft
    2024-01-01 0 days 1,757 sqft
    2024-02-01 0 days 1,747 sqft
    2024-03-01 0 days 1,835 sqft
    Pecos's median listing age (time on market) for 2024-03-01 was 0 days.

    Pecos's median square footage for active listings during the 2024-03-01 period was 1,835 sqft. One year prior, the average listing was 1,613 sqft.

    Pecos, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 93 $19,235,000 $206,828
    Cash Out Refi 7 $1,335,000 $190,714
    Home Improvement 6 $650,000 $108,333
    Other 3 $645,000 $215,000
    Refi 2 $580,000 $290,000

    Pecos's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 37 $9,185,000 $248,243
    7-8% 25 $5,225,000 $209,000
    Over 8% 25 $3,555,000 $142,200
    5-6% 13 $2,845,000 $218,846
    <2.5% 1 $5,000 $5,000
    4-5% 1 $205,000 $205,000

    During 2023, Pecos's most frequently originated rate bucket was 6-7%, with 37 originations.

    Loan Sizing (Pecos, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 47 $7,025,000 $149,468
    $200k-400k 45 $12,545,000 $278,778
    $100,000 or less 15 $1,055,000 $70,333
    $400k-600k 4 $1,820,000 $455,000

    Pecos's loan sizing saw the bucket of loans from $100k-200k with 47 originations, totaling $7,025,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 78 $16,370,000 $209,872
    60-80% 11 $2,325,000 $211,364
    40-60% 6 $1,260,000 $210,000
    20-40% 2 $230,000 $115,000
    Over 100% 2 $560,000 $280,000
    Under 20% 1 $5,000 $5,000

    Pecos's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 78 originations, totaling $16,370,000 in origination value.