Pecos Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Pecos averaged
7.01%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.74% and
one month ago for the week of 2025-05-15, the
average rate was 6.71%.
Pecos's average rate one year ago was 7.05%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.91%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Pecos 30 Year Fixed Rate | 2025-06-18 | 7.01% |
| Pecos 30 Year Fixed Rate Refi | 2025-06-18 | 6.91% |
| Pecos 15 Year Fixed Rate | 2025-06-18 | 5.96% |
| Pecos 15 Year Fixed Rate Refi | 2025-06-18 | 6.56% |
| Pecos 30 Year FHA | 2025-06-18 | 0.2% |
| Pecos 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Pecos 30 Year USDA | 2025-06-18 | -0.2% |
| Pecos 30 Year USDA Refi | 2025-06-18 | 0% |
| Pecos 30 Year VA | 2025-06-18 | 0.2% |
| Pecos 30 Year VA Refi | 2025-06-18 | 0.2% |
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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| JPMorgan Chase Bank | 6 | 6.17% | $6,637 |
| UNITED WHOLESALE MORTGAGE, LLC | 6 | 6.99% | $9,509 |
| Waterstone Mortgage Corporation | 5 | 6.20% | $7,190 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 2 | 7.25% | $7,504 |
| QUICKEN LOANS, LLC | 2 | 6.56% | $14,361 |
| GUILD MORTGAGE COMPANY | 1 | 5.88% | $11,168 |
| HALLMARK HOME MORTGAGE, LLC | 1 | 7.88% | $5,154 |
| HOMESIDE FINANCIAL, LLC | 1 | 5.75% | $8,969 |
| LOANPAL, LLC | 1 | 6.99% | $5,788 |
| MICHIGAN MUTUAL, INC. | 1 | 6.13% | $6,720 |
| SECURITYNATIONAL MORTGAGE COMPANY | 1 | 7.50% | $7,170 |
| The Loan Store, Inc. | 1 | 6.63% | $4,995 |
| 21ST MORTGAGE CORPORATION | 1 | 8.31% | $7,602 |
| Wells Fargo Bank | 1 | 6.75% | $3,813 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 7.50% | $5,961 |
| BROKER SOLUTIONS, INC. | 1 | 7.38% | $11,234 |
| Farm Credit Mid-America, ACA | 1 | 7.38% | $9,161 |
| GUARANTEED RATE, INC. | 1 | 7.38% | $10,266 |
Pecos Average Closing Costs & Other Stats
Pecos, TX's 18 lenders originated 126
loans during 2024. The total origination value was $28,920,000, with an average loan value of
$229,524.
Pecos's average closing costs are $8,695.
The top Pecos lender as defined by loan originations is JPMorgan Chase Bank, with
6 loans originated. Their average total fees are
$6,637, which is $2,872
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Waterstone Mortgage Corporation | $2,885,000 | $3,865,000 | 34.0% | 13.4% |
| QUICKEN LOANS, LLC | $810,000 | $3,115,000 | 284.6% | 10.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,455,000 | $3,055,000 | 24.4% | 10.6% |
| 21ST MORTGAGE CORPORATION | $2,120,000 | $2,140,000 | 0.9% | 7.4% |
| JPMorgan Chase Bank | $1,100,000 | $2,085,000 | 89.5% | 7.2% |
| GUILD MORTGAGE COMPANY | $550,000 | $1,875,000 | 240.9% | 6.5% |
| VILLAGE CAPITAL MORTGAGE | $1,040,000 | n/a | 3.6% | |
| GUARANTEED RATE, INC. | $885,000 | $1,030,000 | 16.4% | 3.6% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $125,000 | $670,000 | 436.0% | 2.3% |
| CARDINAL FINANCIAL | $360,000 | $530,000 | 47.2% | 1.8% |
| The Loan Store, Inc. | $145,000 | $470,000 | 224.1% | 1.6% |
| Mortgage Research Center, LLC | $275,000 | $460,000 | 67.3% | 1.6% |
| SOUTHWEST STAGE FUNDING, LLC | $395,000 | $445,000 | 12.7% | 1.5% |
| CALCON MUTUAL MORTGAGE LLC | $435,000 | n/a | 1.5% | |
| CMG MORTGAGE, INC. | $395,000 | n/a | 1.4% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $780,000 | $390,000 | -50.0% | 1.3% |
| EVERETT FINANCIAL, INC. | $195,000 | $385,000 | 97.4% | 1.3% |
| MICHIGAN MUTUAL, INC. | $380,000 | n/a | 1.3% | |
| DIRECTIONS EQUITY, LLC | $185,000 | $375,000 | 102.7% | 1.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $365,000 | n/a | 1.3% | |
| Farm Credit Mid-America, ACA | $325,000 | n/a | 1.1% | |
| HOMESIDE FINANCIAL, LLC | $305,000 | n/a | 1.1% | |
| SWBC MORTGAGE CORPORATION | $295,000 | n/a | 1.0% | |
| SOUTHWEST FUNDING, LP | $285,000 | n/a | 1.0% | |
| HALLMARK HOME MORTGAGE, LLC | $275,000 | n/a | 1.0% | |
| Hancock Whitney Bank | $275,000 | n/a | 1.0% | |
| ST FIN CORP | $275,000 | n/a | 1.0% | |
| Carrington Mortgage Services, LLC | $265,000 | n/a | 0.9% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $200,000 | $260,000 | 30.0% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $155,000 | $255,000 | 64.5% | 0.9% |
| TRIAD FINANCIAL SERVICES, INC. | $250,000 | n/a | 0.9% | |
| BROKER SOLUTIONS, INC. | $230,000 | $215,000 | -6.5% | 0.7% |
| Gateway First Bank | $365,000 | $205,000 | -43.8% | 0.7% |
| HOMEXPRESS MORTGAGE CORP. | $205,000 | n/a | 0.7% | |
| Complex Community Federal Credit Union | $165,000 | $195,000 | 18.2% | 0.7% |
| Equity Prime Mortgage LLC | $165,000 | n/a | 0.6% | |
| ROYAL UNITED MORTGAGE LLC | $135,000 | n/a | 0.5% | |
| Ally Bank | $105,000 | n/a | 0.4% | |
| Truist | $105,000 | n/a | 0.4% | |
| Wells Fargo Bank | $340,000 | $85,000 | -75.0% | 0.3% |
| LOANPAL, LLC | $75,000 | n/a | 0.3% | |
| Century Mortgage Company DBA Century Lending Company | $65,000 | n/a | 0.2% | |
| West Texas National Bank | $420,000 | $55,000 | -86.9% | 0.2% |
| RANDOLPH-BROOKS | $35,000 | n/a | 0.1% |
Pecos's top lender by overall market share is Waterstone Mortgage Corporation, with 13.4% market share. In second place, with 10.8%, is QUICKEN LOANS, LLC, having originated $3,115,000 in loans. In third place, with 10.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $3,055,000 in loans. In fourth place, with 7.4%, is 21ST MORTGAGE CORPORATION, having originated $2,140,000 in loans. In fifth place, with 7.2%, is JPMorgan Chase Bank, having originated $2,085,000 in loans.
Pecos, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 106 | $24,450,000 | $230,660 |
| Refi | 9 | $2,565,000 | $285,000 |
| Cash Out Refi | 6 | $870,000 | $145,000 |
| Other | 3 | $735,000 | $245,000 |
| Home Improvement | 2 | $300,000 | $150,000 |
Pecos's most frequently cited loan purpose was Home Purchase, with 106 originations. The 2nd most popular reason was Refi, with 9 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 45 | $11,055,000 | $245,667 |
| 7-8% | 28 | $6,780,000 | $242,143 |
| Over 8% | 26 | $4,160,000 | $160,000 |
| 5-6% | 24 | $6,570,000 | $273,750 |
During 2024, Pecos's most frequently originated rate bucket was 6-7%, with 45 originations.
Loan Sizing (Pecos, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 64 | $18,320,000 | $286,250 |
| $100k-200k | 41 | $5,825,000 | $142,073 |
| $100,000 or less | 12 | $760,000 | $63,333 |
| $400k-600k | 9 | $4,015,000 | $446,111 |
Pecos's loan sizing saw the bucket of loans from $200k-400k with 64 originations, totaling $18,320,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 88 | $20,070,000 | $228,068 |
| 60-80% | 20 | $5,250,000 | $262,500 |
| 40-60% | 6 | $750,000 | $125,000 |
| Over 100% | 6 | $1,430,000 | $238,333 |
| 20-40% | 1 | $25,000 | $25,000 |
Pecos's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 88 originations, totaling $20,070,000 in origination value.