Pecos Mortgage Rates

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Loan Attributes
  • Market Conditions & Pricing
  • Time on Market/Property Size
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Pecos averaged 5.86% 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 6.37% and one month ago for the week of 2022-05-26, the average rate was 5.56%.

    Pecos's average rate one year ago was 3.58%.

    For refis of the same type during the week of 2022-06-30, the average rate was 5.58%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2022-06-30 5.7%
    Pecos 30 Year Fixed Rate 2022-06-30 5.86%
    Pecos 30 Year Fixed Rate Refi 2022-06-30 5.58%
    Pecos 15 Year Fixed Rate 2022-06-30 2.18%
    Pecos 15 Year Fixed Rate Refi 2022-06-30 3.57%
    Pecos 30 Year FHA 2022-06-30 5.78%
    Pecos 30 Year FHA Refi 2022-06-30 5.86%
    Pecos 30 Year USDA 2022-06-30 4.46%
    Pecos 30 Year VA 2022-06-30 4.9%
    Pecos 30 Year VA Refi 2022-06-30 6.13%
    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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    QUICKEN LOANS, LLC 3 3.29% $4,007
    Waterstone Mortgage Corporation 2 3.31% $7,072
    LOANPAL, LLC 2 3.63% $4,881
    FBC MORTGAGE, LLC 1 3.25% $4,231
    First National Bank of America 1 7.88% $9,639
    Gateway First Bank 1 3.50% $3,012
    Goldwater Bank, N.A. 1 3.25% $7,144
    GUILD MORTGAGE COMPANY 1 3.50% $5,669
    LOANDEPOT.COM, LLC 1 3.38% $1,886
    City Bank 1 4.50% $9,165
    NATIONS RELIABLE LENDING, LLC 1 2.88% $5,189
    NAVY FEDERAL CREDIT UNION 1 3.88% $3,202
    CMG MORTGAGE, INC. 1 3.88% $5,501
    ROYAL UNITED MORTGAGE LLC 1 3.88% $6,981
    SFMC, LP 1 4.25% $7,063
    Sierra Pacific Mortgage Company, Inc. 1 2.88% $5,350
    UNITED WHOLESALE MORTGAGE, LLC 1 3.32% $4,059
    CROSSCOUNTRY MORTGAGE, LLC 1 3.75% $5,450

    Pecos, TX's 18 lenders originated 112 loans during 2021. The total origination value was $19,480,000, with an average loan value of $173,929.

    The top Pecos lender as defined by loan originations is QUICKEN LOANS, LLC, with 3 loans originated. Their average total fees are $4,007, which is $3,065 lower 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 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
    Waterstone Mortgage Corporation $3,520,000 n/a 18.1%
    21ST MORTGAGE CORPORATION $1,990,000 $2,320,000 16.6% 11.9%
    QUICKEN LOANS, LLC $1,140,000 $1,405,000 23.2% 7.2%
    CROSSCOUNTRY MORTGAGE, LLC $940,000 n/a 4.8%
    Southern Bank $775,000 n/a 4.0%
    GUILD MORTGAGE COMPANY $2,790,000 $750,000 -73.1% 3.9%
    Gateway First Bank $715,000 n/a 3.7%
    FREEDOM MORTGAGE CORPORATION $125,000 $560,000 348.0% 2.9%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $155,000 $430,000 177.4% 2.2%
    NATIONS RELIABLE LENDING, LLC $205,000 $400,000 95.1% 2.1%
    USAA Federal Savings Bank $335,000 n/a 1.7%
    NAVY FEDERAL CREDIT UNION $330,000 n/a 1.7%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $95,000 $320,000 236.8% 1.6%
    AmeriHome Mortgage Company, LLC $315,000 n/a 1.6%
    Barrington Bank & Trust Company, N.A. $315,000 n/a 1.6%
    Lakeview Community Capital, LLC $285,000 n/a 1.5%
    LOANPAL, LLC $175,000 $280,000 60.0% 1.4%
    First National Bank of America $265,000 n/a 1.4%
    Sierra Pacific Mortgage Company, Inc. $265,000 n/a 1.4%
    AMCAP MORTGAGE, LTD. $695,000 $225,000 -67.6% 1.2%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $225,000 n/a 1.2%
    U.S. Bank $225,000 n/a 1.2%
    SFMC, LP $215,000 n/a 1.1%
    UNITED WHOLESALE MORTGAGE, LLC $215,000 n/a 1.1%
    GUARANTEED RATE, INC. $205,000 n/a 1.1%
    HOME POINT FINANCIAL CORPORATION $205,000 n/a 1.1%
    PENNYMAC LOAN SERVICES, LLC $205,000 n/a 1.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $810,000 $195,000 -75.9% 1.0%
    ABILENE TEACHERS Federal Credit Union $185,000 n/a 0.9%
    AMERICAN FINANCIAL NETWORK, INC. $165,000 n/a 0.8%
    GREAT WESTERN FINANCIAL SERVICES, INC. $175,000 $165,000 -5.7% 0.8%
    Nations Lending Corporation $240,000 $165,000 -31.3% 0.8%
    CREDIT HUMAN FEDERAL CREDIT UNION $95,000 $160,000 68.4% 0.8%
    ROYAL UNITED MORTGAGE LLC $160,000 n/a 0.8%
    Goldwater Bank, N.A. $125,000 $155,000 24.0% 0.8%
    LOANDEPOT.COM, LLC $155,000 n/a 0.8%
    PLANET HOME LENDING, LLC $155,000 n/a 0.8%
    City Bank $145,000 n/a 0.7%
    Credit Union of Texas $145,000 n/a 0.7%
    FBC MORTGAGE, LLC $215,000 $145,000 -32.6% 0.7%
    CSL Financial, LLC $75,000 $130,000 73.3% 0.7%
    SOUTHWEST STAGE FUNDING, LLC $75,000 $125,000 66.7% 0.6%
    CMG MORTGAGE, INC. $115,000 n/a 0.6%
    FirstBank $115,000 n/a 0.6%
    First Bank & Trust $115,000 n/a 0.6%
    AMERISAVE MORTGAGE CORPORATION $105,000 $105,000 0.0% 0.5%
    BROKER SOLUTIONS, INC. $270,000 $95,000 -64.8% 0.5%
    SECURITYNATIONAL MORTGAGE COMPANY $95,000 n/a 0.5%
    TRIAD FINANCIAL SERVICES, INC. $115,000 $95,000 -17.4% 0.5%
    RANDOLPH-BROOKS $75,000 n/a 0.4%
    VANDERBILT MORTGAGE AND FINANCE, INC. $355,000 $75,000 -78.9% 0.4%

    Pecos's top lender by overall market share is Waterstone Mortgage Corporation, with 18.1% market share. In second place, with 11.9%, is 21ST MORTGAGE CORPORATION, having originated $2,320,000 in loans. In third place, with 7.2%, is QUICKEN LOANS, LLC, having originated $1,405,000 in loans. In third place, with 4.8%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $940,000 in loans. In third place, with 4.0%, is Southern Bank, having originated $775,000 in loans.

    Pecos, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 72 $12,290,000 $170,694
    Refi 31 $5,555,000 $179,194
    Cash Out Refi 9 $1,635,000 $181,667

    Pecos's most frequently cited loan purpose was Home Purchase, with 72 originations. The 2nd most popular reason was Refi, with 31 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 46 $9,610,000 $208,913
    2.5-3% 20 $3,940,000 $197,000
    Over 8% 12 $1,250,000 $104,167
    <2.5% 9 $1,545,000 $171,667
    6-7% 9 $1,115,000 $123,889
    7-8% 9 $905,000 $100,556
    4-5% 6 $1,090,000 $181,667
    5-6% 1 $25,000 $25,000

    During 2021, Pecos's most frequently originated rate bucket was 3-4%, with 46 originations.

    Loan Sizing (Pecos, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 51 $7,755,000 $152,059
    $200k-400k 31 $8,035,000 $259,194
    $100,000 or less 27 $1,975,000 $73,148
    $400k-600k 2 $940,000 $470,000
    $600k-1000k 1 $775,000 $775,000

    Pecos's loan sizing saw the bucket of loans from $100k-200k with 51 originations, totaling $7,755,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 73 $12,845,000 $175,959
    60-80% 15 $2,485,000 $165,667
    40-60% 9 $1,785,000 $198,333
    20-40% 4 $520,000 $130,000
    Over 100% 2 $500,000 $250,000
    Under 20% 1 $5,000 $5,000

    Pecos's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 73 originations, totaling $12,845,000 in origination value.

    Market Conditions (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 (10.1%) $196,090 (19.2%) 0.00 6
    2018-02-01 $220,000 (40.1%) $205,650 (31.8%) 0.00 5
    2018-03-01 $220,000 (50.7%) $223,414 (50.0%) 0.00 7
    2018-04-01 $219,900 (63.0%) $241,971 (79.4%) 0.00 6
    2018-05-01 $295,000 (118.7%) $275,094 (96.6%) 0.00 8
    2018-06-01 $325,000 (72.9%) $272,606 (53.5%) 0.00 6
    2018-07-01 $310,000 (41.6%) $284,233 (56.2%) 0.00 5
    2018-08-01 $254,450 (8.7%) $256,979 (36.5%) 0.00 6
    2018-09-01 $234,900 (0.4%) $223,417 (-18.7%) 0.00 8
    2018-10-01 $249,000 (66.6%) $210,897 (7.8%) 0.00 4
    2018-11-01 $224,500 (49.7%) $168,863 (-11.8%) 0.00 4
    2018-12-01 $179,000 (5.9%) $165,756 (-9.5%) 0.00 10
    2019-01-01 $179,000 (3.5%) $160,843 (-18.0%) 0.00 8
    2019-02-01 $139,500 (-36.6%) $149,759 (-27.2%) 0.00 5
    2019-03-01 $143,714 (-34.7%) $155,611 (-30.4%) 0.00 5
    2019-04-01 $114,214 (-48.1%) $154,126 (-36.3%) 0.00 6
    2019-05-01 $203,950 (-30.9%) $217,471 (-21.0%) 0.00 7
    2019-06-01 $239,900 (-26.2%) $253,058 (-7.2%) 0.00 10
    2019-07-01 $212,500 (-31.5%) $235,932 (-17.0%) 0.00 14
    2019-08-01 $212,286 (-16.6%) $232,658 (-9.5%) 0.00 15
    2019-09-01 $230,000 (-2.1%) $253,545 (13.5%) 0.00 11
    2019-10-01 $234,950 (-5.6%) $274,831 (30.3%) 0.00 16
    2019-11-01 $230,000 (2.5%) $274,629 (62.6%) 0.00 19
    2019-12-01 $250,000 (39.7%) $263,599 (59.0%) 0.00 18
    2020-01-01 $250,000 (39.7%) $267,900 (66.6%) 0.00 17
    2020-02-01 $230,000 (64.9%) $250,188 (67.1%) 0.00 25
    2020-03-01 $195,000 (35.7%) $227,328 (46.1%) 0.00 24
    2020-04-01 $195,000 (70.7%) $225,940 (46.6%) 0.00 18
    2020-05-01 $179,900 (-11.8%) $225,432 (3.7%) 0.00 15
    2020-06-01 $159,900 (-33.4%) $200,361 (-20.8%) 0.00 12
    2020-07-01 $122,753 (-42.2%) $182,410 (-22.7%) 0.00 7
    2020-08-01 $150,000 (-29.3%) $198,989 (-14.5%) 0.00 8
    2020-09-01 $115,000 (-50.0%) $149,269 (-41.1%) 0.00 9
    2020-10-01 $148,500 (-36.8%) $175,550 (-36.1%) 0.00 8
    2020-11-01 $149,250 (-35.1%) $214,020 (-22.1%) 0.00 10
    2020-12-01 $214,000 (-14.4%) $222,821 (-15.5%) 0.00 13
    2021-01-01 $279,650 (11.9%) $263,339 (-1.7%) 0.00 17
    2021-02-01 $279,500 (21.5%) $273,396 (9.3%) 0.00 21
    2021-03-01 $273,495 (40.3%) $280,366 (23.3%) 0.00 19
    2021-04-01 $245,000 (25.6%) $254,311 (12.6%) 0.00 20
    2021-05-01 $249,900 (38.9%) $263,089 (16.7%) 0.00 19
    2021-06-01 $254,000 (58.9%) $271,865 (35.7%) 0.00 17
    2021-07-01 $245,000 (99.6%) $266,605 (46.2%) 0.00 19
    2021-08-01 $254,000 (69.3%) $283,101 (42.3%) 0.00 17
    2021-09-01 $312,500 (171.7%) $321,291 (115.2%) 0.00 16
    2021-10-01 $254,000 (71.0%) $315,391 (79.7%) 0.00 22
    2021-11-01 $254,000 (70.2%) $299,463 (39.9%) 0.00 21
    2021-12-01 $241,500 (12.9%) $277,521 (24.6%) 0.00 20
    2022-01-01 $220,000 (-21.3%) $280,735 (6.6%) 0.00 16
    2022-02-01 $260,000 (-7.0%) $322,341 (17.9%) 0.00 11
    2022-03-01 $244,000 (-10.8%) $240,538 (-14.2%) 0.00 18
    2022-04-01 $209,000 (-14.7%) $223,678 (-12.1%) 0.00 21
    2022-05-01 $209,250 (-16.3%) $219,484 (-16.6%) 0.00 25
    2022-06-01 $209,500 (-17.5%) $228,597 (-15.9%) 0.00 29
    Pecos's median listing price for 2022-06-01 was $209,500, a difference of $-44,500 (-17.5%) versus the prior year and $250 versus the prior month.

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

    Pecos's average listing price for 2022-06-01 was $228,597, a difference of $-43,268 (-15.9%) versus the prior year and $9,113 versus the prior month.

    For the 2022-06-01 period, Pecos had 29 MLS listings, a difference of 4 listings (16%) versus the prior month and 12 listings (71%) 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 1,800 sqft
    2018-02-01 0 days 2,066 sqft
    2018-03-01 0 days 2,084 sqft
    2018-04-01 0 days 1,492 sqft
    2018-05-01 0 days 1,516 sqft
    2018-06-01 0 days 2,700 sqft
    2018-07-01 0 days 2,700 sqft
    2018-08-01 0 days 2,184 sqft
    2018-09-01 0 days 2,040 sqft
    2018-10-01 0 days 2,040 sqft
    2018-11-01 0 days 2,040 sqft
    2018-12-01 0 days 1,750 sqft
    2019-01-01 0 days 1,750 sqft
    2019-02-01 0 days 1,500 sqft
    2019-03-01 0 days 1,535 sqft
    2019-04-01 0 days 1,285 sqft
    2019-05-01 0 days 1,512 sqft
    2019-06-01 0 days 1,835 sqft
    2019-07-01 0 days 1,704 sqft
    2019-08-01 0 days 1,581 sqft
    2019-09-01 0 days 1,598 sqft
    2019-10-01 0 days 1,849 sqft
    2019-11-01 0 days 2,040 sqft
    2019-12-01 0 days 2,064 sqft
    2020-01-01 0 days 2,080 sqft
    2020-02-01 0 days 2,051 sqft
    2020-03-01 0 days 1,984 sqft
    2020-04-01 0 days 1,984 sqft
    2020-05-01 0 days 2,038 sqft
    2020-06-01 0 days 1,767 sqft
    2020-07-01 0 days 1,877 sqft
    2020-08-01 0 days 1,930 sqft
    2020-09-01 0 days 1,346 sqft
    2020-10-01 0 days 1,346 sqft
    2020-11-01 0 days 1,554 sqft
    2020-12-01 0 days 1,551 sqft
    2021-01-01 0 days 1,694 sqft
    2021-02-01 0 days 1,694 sqft
    2021-03-01 0 days 1,934 sqft
    2021-04-01 0 days 1,929 sqft
    2021-05-01 0 days 1,825 sqft
    2021-06-01 0 days 1,770 sqft
    2021-07-01 0 days 1,770 sqft
    2021-08-01 0 days 2,024 sqft
    2021-09-01 0 days 2,102 sqft
    2021-10-01 0 days 2,040 sqft
    2021-11-01 0 days 1,966 sqft
    2021-12-01 0 days 1,681 sqft
    2022-01-01 0 days 1,761 sqft
    2022-02-01 0 days 2,370 sqft
    2022-03-01 0 days 1,666 sqft
    2022-04-01 0 days 1,490 sqft
    2022-05-01 0 days 1,671 sqft
    2022-06-01 0 days 1,671 sqft
    Pecos's median listing age (time on market) for 2022-06-01 was 0 days.

    Pecos's median square footage for active listings during the 2022-06-01 period was 1,671 sqft. One year prior, the average listing was 1,770 sqft.