Pecos Mortgage Rates

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.