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 6.94% for the week of 2024-05-23, compared to the national average of 6.94% for the same period.

The average rate for the prior week (2024-05-16) was 7.22% and one month ago for the week of 2024-04-18, the average rate was 7.1%.

Pecos's average rate one year ago was 6.29%.

For refis of the same type during the week of 2024-05-23, the average rate was 7.04%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-23 6.94%
Pecos 30 Year Fixed Rate 2024-05-23 6.94%
Pecos 30 Year Fixed Rate Refi 2024-05-23 7.04%
Pecos 15 Year Fixed Rate 2024-05-23 6.04%
Pecos 15 Year Fixed Rate Refi 2024-05-23 6.34%
Pecos 30 Year FHA 2024-05-23 6.55%
Pecos 30 Year FHA Refi 2024-05-23 6.95%
Pecos 30 Year USDA 2024-05-23 6.84%
Pecos 30 Year USDA Refi 2024-05-23 6.84%
Pecos 30 Year VA 2024-05-23 6.37%
Pecos 30 Year VA Refi 2024-05-23 6.67%
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
2024-04-01 $327,975 (12.4%) $339,875 (13.6%) 0.00 25
Pecos's median listing price for 2024-04-01 was $327,975, a difference of $36,225 (12.4%) versus the prior year and $25,475 versus the prior month.

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

Pecos's average listing price for 2024-04-01 was $339,875, a difference of $40,714 (13.6%) versus the prior year and $9,406 versus the prior month.

For the 2024-04-01 period, Pecos had 25 MLS listings, a difference of -3 listings (-11%) versus the prior month and 4 listings (19%) 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
2024-04-01 0 days 1,829 sqft
Pecos's median listing age (time on market) for 2024-04-01 was 0 days.

Pecos's median square footage for active listings during the 2024-04-01 period was 1,829 sqft. One year prior, the average listing was 1,694 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.