Pecos Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Pecos averaged 7.18% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 7.26% and one month ago for the week of 2023-02-16, the average rate was 7.18%.

    Pecos's average rate one year ago was 3.98%.

    For refis of the same type during the week of 2023-03-23, the average rate was 7.49%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Pecos 30 Year Fixed Rate 2023-03-23 7.18%
    Pecos 30 Year Fixed Rate Refi 2023-03-23 7.49%
    Pecos 15 Year Fixed Rate 2023-03-23 5.73%
    Pecos 15 Year Fixed Rate Refi 2023-03-23 7.32%
    Pecos 30 Year FHA 2023-03-23 6.83%
    Pecos 30 Year FHA Refi 2023-03-23 5.99%
    Pecos 30 Year USDA 2023-03-23 4.86%
    Pecos 30 Year VA 2023-03-23 6.45%
    Pecos 30 Year VA Refi 2023-03-23 5.9%
    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 COMPANY, LIMITED PARTNERSHIP 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
    Pecos's median listing price for 2023-02-01 was $285,750, a difference of $31,500 (12.4%) versus the prior year and $875 versus the prior month.

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

    Pecos's average listing price for 2023-02-01 was $292,465, a difference of $-20,002 (-6.4%) versus the prior year and $24,966 versus the prior month.

    For the 2023-02-01 period, Pecos had 21 MLS listings, a difference of 0 listings (0%) versus the prior month and 10 listings (91%) 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
    Pecos's median listing age (time on market) for 2023-02-01 was 0 days.

    Pecos's median square footage for active listings during the 2023-02-01 period was 1,687 sqft. One year prior, the average listing was 1,908 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.