Pecos Mortgage Rates & Closing Costs
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% |
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.
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. LouisDate | 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 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. LouisDate | 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 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.