Pecos Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Pecos averaged 7.28% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

The average rate for the prior week (2023-09-07) was 7.12% and one month ago for the week of 2023-08-10, the average rate was 7.06%.

Pecos's average rate one year ago was 5.79%.

For refis of the same type during the week of 2023-09-14, the average rate was 7.58%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
Pecos 30 Year Fixed Rate 2023-09-14 7.28%
Pecos 30 Year Fixed Rate Refi 2023-09-14 7.58%
Pecos 15 Year Fixed Rate 2023-09-14 6.71%
Pecos 15 Year Fixed Rate Refi 2023-09-14 7.01%
Pecos 30 Year FHA 2023-09-14 7.09%
Pecos 30 Year FHA Refi 2023-09-14 6.89%
Pecos 30 Year USDA 2023-09-14 6.98%
Pecos 30 Year USDA Refi 2023-09-14 7.08%
Pecos 30 Year VA 2023-09-14 7.01%
Pecos 30 Year VA Refi 2023-09-14 6.71%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Waterstone Mortgage Corporation 5 5.40% $6,533
QUICKEN LOANS, LLC 3 5.71% $4,384
Wells Fargo Bank 3 5.58% $4,850
GUILD MORTGAGE COMPANY 2 5.18% $11,485
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 4.63% $6,427
Watermark Capital, Inc. 2 5.88% $6,812
City Bank 1 4.13% $11,342
CROSSCOUNTRY MORTGAGE, LLC 1 5.38% $9,353
Access Community Credit Union 1 5.63% $4,381
Midwest Mortgage Associates Corporation 1 6.50% $1,499
MORTGAGE FINANCIAL SERVICES, LLC 1 3.25% $3,815
SECURITYNATIONAL MORTGAGE COMPANY 1 6.63% $10,820
Southwest Airlines Federal Credit Union 1 3.88% $5,692
TEXAS DOW EMPLOYEES CREDIT UNION 1 3.25% $7,111
Veritex Community Bank 1 3.25% $6,357
LOANDEPOT.COM, LLC 1 5.88% $5,313
BROKER SOLUTIONS, INC. 1 5.99% $5,096
CALIBER HOME LOANS, INC. 1 6.00% $3,663
CARDINAL FINANCIAL 1 4.50% $17,026
Carrington Mortgage Services, LLC 1 4.75% $4,692
CHURCHILL MORTGAGE CORPORATION 1 6.50% $10,966

Pecos Average Closing Costs & Other Stats

Pecos, TX's 21 lenders originated 104 loans during 2022. The total origination value was $21,640,000, with an average loan value of $208,077.

Pecos's average closing costs are $7,747.

The top Pecos lender as defined by loan originations is Waterstone Mortgage Corporation, with 5 loans originated. Their average total fees are $6,533, which is $2,149 higher than the next largest lender, QUICKEN LOANS, LLC.

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Waterstone Mortgage Corporation $3,520,000 $3,015,000 -14.3% 13.9%
SECURITYNATIONAL MORTGAGE COMPANY $95,000 $1,360,000 1,331.6% 6.3%
QUICKEN LOANS, LLC $1,405,000 $1,125,000 -19.9% 5.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $430,000 $1,055,000 145.3% 4.9%
GUILD MORTGAGE COMPANY $750,000 $945,000 26.0% 4.4%
21ST MORTGAGE CORPORATION $2,320,000 $900,000 -61.2% 4.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $195,000 $855,000 338.5% 4.0%
West Texas National Bank $835,000 n/a 3.9%
Wells Fargo Bank $735,000 n/a 3.4%
Mortgage Research Center, LLC $695,000 n/a 3.2%
Watermark Capital, Inc. $540,000 n/a 2.5%
CROSSCOUNTRY MORTGAGE, LLC $940,000 $525,000 -44.1% 2.4%
SOUTHWEST STAGE FUNDING, LLC $125,000 $505,000 304.0% 2.3%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $450,000 n/a 2.1%
UNITED WHOLESALE MORTGAGE, LLC $215,000 $450,000 109.3% 2.1%
CHURCHILL MORTGAGE CORPORATION $445,000 n/a 2.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $395,000 n/a 1.8%
AMERICAN FINANCIAL RESOURCES, INC. $315,000 n/a 1.5%
TEXAS DOW EMPLOYEES CREDIT UNION $315,000 n/a 1.5%
AMCAP MORTGAGE, LTD. $225,000 $295,000 31.1% 1.4%
DRAPER AND KRAMER MORTGAGE CORP. $285,000 n/a 1.3%
FirstCapital Bank of Texas $275,000 n/a 1.3%
SFMC, LP $215,000 $275,000 27.9% 1.3%
Town Square Mortgage & Investments, Inc. $275,000 n/a 1.3%
LOANDEPOT.COM, LLC $155,000 $270,000 74.2% 1.2%
GUARANTEED RATE, INC. $205,000 $265,000 29.3% 1.2%
TRIAD FINANCIAL SERVICES, INC. $95,000 $260,000 173.7% 1.2%
CHERRY CREEK MORTGAGE, LLC $255,000 n/a 1.2%
EVERETT FINANCIAL, INC. $255,000 n/a 1.2%
Access Community Credit Union $235,000 n/a 1.1%
PREMIA MORTGAGE, LLC $235,000 n/a 1.1%
Southwest Airlines Federal Credit Union $225,000 n/a 1.0%
City Bank $145,000 $205,000 41.4% 0.9%
THRIVE MORTGAGE, LLC $185,000 n/a 0.9%
Veritex Community Bank $185,000 n/a 0.9%
Wyndham Capital Mortgage, Inc. $175,000 n/a 0.8%
Carrington Mortgage Services, LLC $165,000 n/a 0.8%
CALIBER HOME LOANS, INC. $155,000 n/a 0.7%
Midwest Mortgage Associates Corporation $155,000 n/a 0.7%
AMERICAN ADVISORS GROUP $145,000 n/a 0.7%
AMERISAVE MORTGAGE CORPORATION $105,000 $145,000 38.1% 0.7%
Gateway First Bank $715,000 $135,000 -81.1% 0.6%
Education Credit Union $115,000 n/a 0.5%
PENNYMAC LOAN SERVICES, LLC $205,000 $115,000 -43.9% 0.5%
MORTGAGE FINANCIAL SERVICES, LLC $105,000 n/a 0.5%
BROKER SOLUTIONS, INC. $95,000 $95,000 0.0% 0.4%
COUNTRYPLACE MORTGAGE, LTD. $95,000 n/a 0.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $75,000 $95,000 26.7% 0.4%
FREEDOM MORTGAGE CORPORATION $560,000 $85,000 -84.8% 0.4%
LOANPAL, LLC $280,000 $65,000 -76.8% 0.3%

Pecos's top lender by overall market share is Waterstone Mortgage Corporation, with 13.9% market share. In second place, with 6.3%, is SECURITYNATIONAL MORTGAGE COMPANY, having originated $1,360,000 in loans. In third place, with 5.2%, is QUICKEN LOANS, LLC, having originated $1,125,000 in loans. In fourth place, with 4.9%, is CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP, having originated $1,055,000 in loans. In fifth place, with 4.4%, is GUILD MORTGAGE COMPANY, having originated $945,000 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 $161,450 (19.7%) $196,090 (30.8%) 0.00 6
2018-02-01 $202,250 (33.5%) $205,650 (31.8%) 0.00 5
2018-03-01 $219,900 (56.6%) $223,983 (50.4%) 0.00 6
2018-04-01 $219,900 (63.0%) $241,971 (68.3%) 0.00 6
2018-05-01 $295,000 (125.1%) $275,094 (96.6%) 0.00 8
2018-06-01 $285,000 (65.2%) $272,606 (53.5%) 0.00 7
2018-07-01 $315,000 (117.2%) $300,629 (120.5%) 0.00 7
2018-08-01 $265,725 (41.2%) $274,731 (46.0%) 0.00 8
2018-09-01 $241,950 (27.3%) $240,975 (-3.5%) 0.00 9
2018-10-01 $249,000 (66.6%) $214,380 (9.6%) 0.00 5
2018-11-01 $212,250 (41.5%) $195,883 (2.3%) 0.00 5
2018-12-01 $189,500 (18.8%) $186,108 (1.7%) 0.00 10
2019-01-01 $167,000 (3.4%) $171,505 (-12.5%) 0.00 9
2019-02-01 $154,250 (-23.7%) $186,733 (-9.2%) 0.00 6
2019-03-01 $143,714 (-34.7%) $182,026 (-18.7%) 0.00 7
2019-04-01 $114,214 (-48.1%) $171,007 (-29.3%) 0.00 9
2019-05-01 $219,450 (-25.6%) $229,182 (-16.7%) 0.00 10
2019-06-01 $228,400 (-19.9%) $245,231 (-10.0%) 0.00 15
2019-07-01 $207,500 (-34.1%) $230,097 (-23.5%) 0.00 18
2019-08-01 $208,077 (-21.7%) $230,310 (-16.2%) 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 $205,500 (43.0%) $235,478 (29.4%) 0.00 24
2020-04-01 $204,750 (79.3%) $237,417 (38.8%) 0.00 19
2020-05-01 $220,000 (0.3%) $238,107 (3.9%) 0.00 15
2020-06-01 $164,900 (-27.8%) $215,082 (-12.3%) 0.00 13
2020-07-01 $137,728 (-33.6%) $208,282 (-9.5%) 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 (33.1%) $284,443 (20.8%) 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
Pecos's median listing price for 2023-08-01 was $285,250, a difference of $94,000 (49.2%) 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 2023-08-01 was $298,466, a difference of $81,013 (37.3%) versus the prior year and $16,312 versus the prior month.

For the 2023-08-01 period, Pecos had 27 MLS listings, a difference of 4 listings (17%) versus the prior month and 7 listings (35%) 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 1,660 sqft
2018-02-01 0 days 1,937 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 2,825 sqft
2018-08-01 0 days 2,256 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 1,584 sqft
2019-06-01 0 days 1,800 sqft
2019-07-01 0 days 1,651 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
Pecos's median listing age (time on market) for 2023-08-01 was 0 days.

Pecos's median square footage for active listings during the 2023-08-01 period was 1,962 sqft. One year prior, the average listing was 1,679 sqft.

Pecos, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 88 $18,880,000 $214,545
Cash Out Refi 9 $1,225,000 $136,111
Refi 6 $1,450,000 $241,667
Other 1 $85,000 $85,000

Pecos's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 24 $5,220,000 $217,500
6-7% 24 $5,320,000 $221,667
3-4% 23 $4,575,000 $198,913
4-5% 16 $3,310,000 $206,875
Over 8% 6 $980,000 $163,333
7-8% 6 $750,000 $125,000
2.5-3% 2 $200,000 $100,000
<2.5% 1 $175,000 $175,000

During 2022, Pecos's most frequently originated rate bucket was 5-6%, with 24 originations.

Loan Sizing (Pecos, TX MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 48 $12,990,000 $270,625
$100k-200k 38 $5,860,000 $154,211
$100,000 or less 15 $1,105,000 $73,667
$400k-600k 2 $850,000 $425,000
$600k-1000k 1 $835,000 $835,000

Pecos's loan sizing saw the bucket of loans from $200k-400k with 48 originations, totaling $12,990,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 71 $15,165,000 $213,592
60-80% 16 $3,320,000 $207,500
40-60% 10 $1,150,000 $115,000
Over 100% 3 $695,000 $231,667
20-40% 2 $200,000 $100,000

Pecos's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 71 originations, totaling $15,165,000 in origination value.