Plainview Mortgage Rates
30 Year Fixed Rate mortgages in Plainview averaged
6.69%
for the week of 2022-06-23, compared to the national average of
5.81% for the same period.
The average rate for the prior week (2022-06-16) was
6.66% and
one month ago for the week of 2022-05-19, the
average rate was 5.93%.
Plainview's average rate one year ago was 3.39%.
For refis of the same type during the week of 2022-06-23, the average rate
was 5.75%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-23 | 5.81% |
Plainview 30 Year Fixed Rate | 2022-06-23 | 6.69% |
Plainview 30 Year Fixed Rate Refi | 2022-06-23 | 5.75% |
Plainview 15 Year Fixed Rate | 2022-06-23 | 6.25% |
Plainview 15 Year Fixed Rate Refi | 2022-06-23 | 5.2% |
Plainview 30 Year FHA | 2022-06-23 | 0.52% |
Plainview 30 Year FHA Refi | 2022-06-23 | 0.47% |
Plainview 30 Year USDA | 2022-06-23 | 0.75% |
Plainview 30 Year USDA Refi | 2022-06-23 | 3.36% |
Plainview 30 Year VA | 2022-06-23 | 0.4% |
Plainview 30 Year VA Refi | 2022-06-23 | 0.15% |
Plainview 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 Plainview, 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.).
Plainview, TX's 32 lenders originated 418
loans during 2021. The total origination value was $61,270,000, with an average loan value of
$146,579.
The top Plainview lender as defined by loan originations is Prosperity Bank, with
84 loans originated. Their average total fees are
$3,351, which is $580
lower than the next largest lender,
Happy State Bank.
The lowest fee Plainview lenders (with over 10 loans originated) are
Prosperity Bank ($3,351), Happy State Bank ($3,931), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,239), QUICKEN LOANS, LLC ($4,277) and .
The lowest rate Plainview lenders (with over 10 loans originated) are
ARK-LA-TEX FINANCIAL SERVICES, LLC. (3.26%), QUICKEN LOANS, LLC (3.30%), Prosperity Bank (3.32%), Happy State Bank (3.79%) and .
Plainview, 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 |
---|---|---|---|---|
Prosperity Bank | $12,345,000 | $19,155,000 | 55.2% | 31.3% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $6,380,000 | $6,090,000 | -4.5% | 9.9% |
QUICKEN LOANS, LLC | $2,885,000 | $5,305,000 | 83.9% | 8.7% |
Happy State Bank | $3,535,000 | $4,770,000 | 34.9% | 7.8% |
TEXAS TECH | $4,220,000 | $2,560,000 | -39.3% | 4.2% |
City Bank | $2,130,000 | $1,760,000 | -17.4% | 2.9% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,210,000 | $1,645,000 | 36.0% | 2.7% |
Amarillo National Bank | $635,000 | $985,000 | 55.1% | 1.6% |
Mortgage Research Center, LLC | $1,370,000 | $965,000 | -29.6% | 1.6% |
FREEDOM MORTGAGE CORPORATION | $1,255,000 | $815,000 | -35.1% | 1.3% |
UNITED WHOLESALE MORTGAGE, LLC | $235,000 | $795,000 | 238.3% | 1.3% |
Wells Fargo Bank | $270,000 | $780,000 | 188.9% | 1.3% |
First United Bank | $550,000 | $775,000 | 40.9% | 1.3% |
LOANDEPOT.COM, LLC | $305,000 | $700,000 | 129.5% | 1.1% |
Mr. Cooper ( Nationstar Mortgage ) | $145,000 | $665,000 | 358.6% | 1.1% |
PENNYMAC LOAN SERVICES, LLC | $620,000 | n/a | 1.0% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $560,000 | $610,000 | 8.9% | 1.0% |
Stride Bank | $595,000 | n/a | 1.0% | |
AMCAP MORTGAGE, LTD. | $250,000 | $530,000 | 112.0% | 0.9% |
Citizens Bank | $485,000 | n/a | 0.8% | |
Farm Credit Mid-America, ACA | $475,000 | n/a | 0.8% | |
First Bank & Trust | $2,155,000 | $465,000 | -78.4% | 0.8% |
CALIBER HOME LOANS, INC. | $590,000 | $440,000 | -25.4% | 0.7% |
INFINITY MORTGAGE HOLDINGS, LLC | $250,000 | $420,000 | 68.0% | 0.7% |
CHURCHILL MORTGAGE CORPORATION | $415,000 | n/a | 0.7% | |
Vista Bank | $1,015,000 | $410,000 | -59.6% | 0.7% |
CMG MORTGAGE, INC. | $400,000 | n/a | 0.7% | |
Lakeview Community Capital, LLC | $145,000 | $395,000 | 172.4% | 0.6% |
Gateway First Bank | $215,000 | $385,000 | 79.1% | 0.6% |
NBKC BANK | $345,000 | n/a | 0.6% | |
Alliance Credit Union | $985,000 | $335,000 | -66.0% | 0.5% |
MID AMERICA MORTGAGE, INC. | $105,000 | $330,000 | 214.3% | 0.5% |
Cadence Bank, N.A. | $315,000 | n/a | 0.5% | |
Southwest Bank | $685,000 | $310,000 | -54.7% | 0.5% |
AMERISAVE MORTGAGE CORPORATION | $290,000 | n/a | 0.5% | |
HOMESIDE FINANCIAL, LLC | $290,000 | n/a | 0.5% | |
CITY FIRST MORTGAGE SERVICES, L.L.C. | $240,000 | $280,000 | 16.7% | 0.5% |
First National Bank of America | $245,000 | n/a | 0.4% | |
The Huntington National Bank | $245,000 | n/a | 0.4% | |
BBVA USA | $150,000 | $235,000 | 56.7% | 0.4% |
First Savings Bank | $225,000 | n/a | 0.4% | |
Carrington Mortgage Services, LLC | $235,000 | $220,000 | -6.4% | 0.4% |
U.S. Bank | $190,000 | $215,000 | 13.2% | 0.4% |
ROYAL UNITED MORTGAGE LLC | $190,000 | $210,000 | 10.5% | 0.3% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $195,000 | n/a | 0.3% | |
CORNERSTONE HOME LENDING, INC. | $455,000 | $185,000 | -59.3% | 0.3% |
Equity Prime Mortgage LLC | $175,000 | n/a | 0.3% | |
GUARANTEED RATE, INC. | $95,000 | $175,000 | 84.2% | 0.3% |
Hometown Equity Mortgage, LLC | $175,000 | n/a | 0.3% | |
NEW DAY FINANCIAL, LLC | $165,000 | n/a | 0.3% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $155,000 | n/a | 0.3% | |
VILLAGE CAPITAL & INVESTMENT LLC | $150,000 | n/a | 0.2% | |
SOFI LENDING CORP. | $135,000 | n/a | 0.2% | |
EVERETT FINANCIAL, INC. | $310,000 | $125,000 | -59.7% | 0.2% |
LENDINGHOME FUNDING CORPORATION | $125,000 | n/a | 0.2% | |
PILGRIM MORTGAGE LLC | $125,000 | n/a | 0.2% | |
JPMorgan Chase Bank | $55,000 | $120,000 | 118.2% | 0.2% |
LEADERONE FINANCIAL CORPORATION | $270,000 | $115,000 | -57.4% | 0.2% |
Rocky Mountain Mortgage Company | $115,000 | n/a | 0.2% | |
Colonial Savings, F.A. | $145,000 | $105,000 | -27.6% | 0.2% |
Education Credit Union | $85,000 | $95,000 | 11.8% | 0.2% |
FirstCapital Bank of Texas | $85,000 | n/a | 0.1% | |
21ST MORTGAGE CORPORATION | $75,000 | $75,000 | 0.0% | 0.1% |
First Guaranty Mortgage Corporation | $155,000 | $75,000 | -51.6% | 0.1% |
Deere Employees Credit Union | $35,000 | $55,000 | 57.1% | 0.1% |
Barrington Bank & Trust Company, N.A. | $45,000 | n/a | 0.1% |
Plainview's top lender by overall market share is Prosperity Bank, with 31.3% market share. In second place, with 9.9%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $6,090,000 in loans. In third place, with 8.7%, is QUICKEN LOANS, LLC, having originated $5,305,000 in loans. In third place, with 7.8%, is Happy State Bank, having originated $4,770,000 in loans. In third place, with 4.2%, is TEXAS TECH, having originated $2,560,000 in loans.
Plainview, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 262 | $40,620,000 | $155,038 |
Refi | 121 | $16,475,000 | $136,157 |
Cash Out Refi | 26 | $3,620,000 | $139,231 |
Other | 5 | $355,000 | $71,000 |
Home Improvement | 4 | $200,000 | $50,000 |
Plainview's most frequently cited loan purpose was Home Purchase, with 262 originations. The 2nd most popular reason was Refi, with 121 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 180 | $26,420,000 | $146,778 |
2.5-3% | 117 | $19,335,000 | $165,256 |
<2.5% | 68 | $10,590,000 | $155,735 |
4-5% | 30 | $3,060,000 | $102,000 |
5-6% | 6 | $500,000 | $83,333 |
6-7% | 6 | $750,000 | $125,000 |
7-8% | 1 | $45,000 | $45,000 |
Over 8% | 1 | $75,000 | $75,000 |
During 2021, Plainview's most frequently originated rate bucket was 3-4%, with 180 originations.
Loan Sizing (Plainview, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 200 | $28,720,000 | $143,600 |
$100,000 or less | 136 | $9,290,000 | $68,309 |
$200k-400k | 76 | $20,280,000 | $266,842 |
$400k-600k | 6 | $2,980,000 | $496,667 |
Plainview's loan sizing saw the bucket of loans from $100k-200k with 200 originations, totaling $28,720,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 239 | $38,645,000 | $161,695 |
60-80% | 102 | $14,510,000 | $142,255 |
40-60% | 43 | $5,125,000 | $119,186 |
20-40% | 11 | $665,000 | $60,455 |
Over 100% | 3 | $605,000 | $201,667 |
Under 20% | 1 | $15,000 | $15,000 |
Plainview's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 239 originations, totaling $38,645,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Plainview (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 | $124,225 (5.4%) | $159,219 (17.1%) | 0.00 | 109 |
2018-02-01 | $126,500 (5.7%) | $155,532 (10.2%) | 0.00 | 113 |
2018-03-01 | $145,000 (16.1%) | $171,040 (10.4%) | 0.00 | 108 |
2018-04-01 | $148,700 (19.1%) | $176,462 (9.3%) | 0.00 | 97 |
2018-05-01 | $148,700 (19.0%) | $170,367 (7.4%) | 0.00 | 100 |
2018-06-01 | $149,950 (25.5%) | $167,306 (16.0%) | 0.00 | 105 |
2018-07-01 | $149,800 (26.4%) | $173,789 (25.6%) | 0.00 | 117 |
2018-08-01 | $143,000 (20.0%) | $170,792 (18.6%) | 0.00 | 113 |
2018-09-01 | $130,000 (4.0%) | $173,248 (16.7%) | 0.00 | 120 |
2018-10-01 | $129,900 (2.8%) | $180,822 (17.2%) | 0.00 | 125 |
2018-11-01 | $127,500 (-0.6%) | $175,720 (10.3%) | 0.00 | 139 |
2018-12-01 | $139,900 (10.6%) | $182,658 (11.1%) | 0.00 | 134 |
2019-01-01 | $123,750 (-0.4%) | $174,012 (9.3%) | 0.00 | 124 |
2019-02-01 | $128,900 (1.9%) | $176,432 (13.4%) | 0.00 | 119 |
2019-03-01 | $141,386 (-2.5%) | $181,603 (6.2%) | 0.00 | 117 |
2019-04-01 | $145,136 (-2.4%) | $182,923 (3.7%) | 0.00 | 117 |
2019-05-01 | $139,900 (-5.9%) | $179,863 (5.6%) | 0.00 | 108 |
2019-06-01 | $140,000 (-6.6%) | $179,734 (7.4%) | 0.00 | 109 |
2019-07-01 | $130,250 (-13.1%) | $168,248 (-3.2%) | 0.00 | 123 |
2019-08-01 | $131,500 (-8.0%) | $171,770 (0.6%) | 0.00 | 117 |
2019-09-01 | $131,000 (0.8%) | $175,869 (1.5%) | 0.00 | 108 |
2019-10-01 | $134,700 (3.7%) | $175,581 (-2.9%) | 0.00 | 106 |
2019-11-01 | $135,000 (5.9%) | $182,089 (3.6%) | 0.00 | 106 |
2019-12-01 | $140,000 (0.1%) | $183,634 (0.5%) | 0.00 | 102 |
2020-01-01 | $137,250 (10.9%) | $178,005 (2.3%) | 0.00 | 94 |
2020-02-01 | $134,500 (4.3%) | $183,676 (4.1%) | 0.00 | 86 |
2020-03-01 | $141,500 (0.1%) | $200,371 (10.3%) | 0.00 | 83 |
2020-04-01 | $153,750 (5.9%) | $215,567 (17.9%) | 0.00 | 82 |
2020-05-01 | $154,900 (10.7%) | $228,051 (26.8%) | 0.00 | 79 |
2020-06-01 | $168,500 (20.4%) | $227,784 (26.7%) | 0.00 | 81 |
2020-07-01 | $149,900 (15.1%) | $208,309 (23.8%) | 0.00 | 76 |
2020-08-01 | $148,800 (13.2%) | $202,251 (17.8%) | 0.00 | 84 |
2020-09-01 | $142,450 (8.7%) | $197,972 (12.6%) | 0.00 | 74 |
2020-10-01 | $144,900 (7.6%) | $201,515 (14.8%) | 0.00 | 65 |
2020-11-01 | $149,500 (10.7%) | $236,861 (30.1%) | 0.00 | 54 |
2020-12-01 | $164,900 (17.8%) | $241,692 (31.6%) | 0.00 | 53 |
2021-01-01 | $139,500 (1.6%) | $210,661 (18.4%) | 0.00 | 50 |
2021-02-01 | $137,250 (2.0%) | $225,327 (22.7%) | 0.00 | 46 |
2021-03-01 | $127,500 (-9.9%) | $230,153 (14.9%) | 0.00 | 39 |
2021-04-01 | $126,500 (-17.7%) | $219,372 (1.8%) | 0.00 | 43 |
2021-05-01 | $250,000 (61.4%) | $313,919 (37.7%) | 0.00 | 33 |
2021-06-01 | $202,450 (20.2%) | $307,555 (35.0%) | 0.00 | 37 |
2021-07-01 | $245,000 (63.4%) | $325,584 (56.3%) | 0.00 | 35 |
2021-08-01 | $137,500 (-7.6%) | $221,448 (9.5%) | 0.00 | 40 |
2021-09-01 | $143,700 (0.9%) | $211,504 (6.8%) | 0.00 | 42 |
2021-10-01 | $130,000 (-10.3%) | $230,082 (14.2%) | 0.00 | 34 |
2021-11-01 | $179,900 (20.3%) | $316,810 (33.8%) | 0.00 | 37 |
2021-12-01 | $192,000 (16.4%) | $322,063 (33.3%) | 0.00 | 36 |
2022-01-01 | $150,000 (7.5%) | $324,003 (53.8%) | 0.00 | 33 |
2022-02-01 | $144,500 (5.3%) | $315,994 (40.2%) | 0.00 | 35 |
2022-03-01 | $209,950 (64.7%) | $382,010 (66.0%) | 0.00 | 23 |
2022-04-01 | $225,000 (77.9%) | $431,616 (96.8%) | 0.00 | 23 |
2022-05-01 | $191,200 (-23.5%) | $294,610 (-6.2%) | 0.00 | 31 |
Plainview's median listing price comes in at 0% of the national average.
Plainview's average listing price for 2022-05-01 was $294,610, a difference of $-19,309 (-6.2%) versus the prior year and $-137,006 versus the prior month.
For the 2022-05-01 period, Plainview had 31 MLS listings, a difference of 8 listings (35%) versus the prior month and -2 listings (-6%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Plainview (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,824 sqft |
2018-02-01 | 0 days | 1,863 sqft |
2018-03-01 | 0 days | 1,986 sqft |
2018-04-01 | 0 days | 2,024 sqft |
2018-05-01 | 0 days | 2,027 sqft |
2018-06-01 | 0 days | 2,083 sqft |
2018-07-01 | 0 days | 2,039 sqft |
2018-08-01 | 0 days | 2,004 sqft |
2018-09-01 | 0 days | 2,001 sqft |
2018-10-01 | 0 days | 1,943 sqft |
2018-11-01 | 0 days | 1,954 sqft |
2018-12-01 | 0 days | 1,948 sqft |
2019-01-01 | 0 days | 1,911 sqft |
2019-02-01 | 0 days | 1,924 sqft |
2019-03-01 | 0 days | 1,962 sqft |
2019-04-01 | 0 days | 1,981 sqft |
2019-05-01 | 0 days | 1,974 sqft |
2019-06-01 | 0 days | 1,971 sqft |
2019-07-01 | 0 days | 1,940 sqft |
2019-08-01 | 0 days | 1,953 sqft |
2019-09-01 | 0 days | 2,001 sqft |
2019-10-01 | 0 days | 1,987 sqft |
2019-11-01 | 0 days | 1,992 sqft |
2019-12-01 | 0 days | 1,970 sqft |
2020-01-01 | 0 days | 1,950 sqft |
2020-02-01 | 0 days | 1,956 sqft |
2020-03-01 | 0 days | 2,052 sqft |
2020-04-01 | 0 days | 2,093 sqft |
2020-05-01 | 0 days | 2,294 sqft |
2020-06-01 | 0 days | 2,206 sqft |
2020-07-01 | 0 days | 2,179 sqft |
2020-08-01 | 0 days | 2,155 sqft |
2020-09-01 | 0 days | 2,171 sqft |
2020-10-01 | 0 days | 2,167 sqft |
2020-11-01 | 0 days | 2,080 sqft |
2020-12-01 | 0 days | 2,248 sqft |
2021-01-01 | 0 days | 2,076 sqft |
2021-02-01 | 0 days | 2,033 sqft |
2021-03-01 | 0 days | 2,046 sqft |
2021-04-01 | 0 days | 2,200 sqft |
2021-05-01 | 0 days | 2,296 sqft |
2021-06-01 | 0 days | 2,424 sqft |
2021-07-01 | 0 days | 2,495 sqft |
2021-08-01 | 0 days | 1,650 sqft |
2021-09-01 | 0 days | 1,754 sqft |
2021-10-01 | 0 days | 1,631 sqft |
2021-11-01 | 0 days | 1,906 sqft |
2021-12-01 | 0 days | 1,916 sqft |
2022-01-01 | 0 days | 1,759 sqft |
2022-02-01 | 0 days | 1,812 sqft |
2022-03-01 | 0 days | 1,858 sqft |
2022-04-01 | 0 days | 2,180 sqft |
2022-05-01 | 0 days | 2,031 sqft |
Plainview's median square footage for active listings during the 2022-05-01 period was 2,031 sqft. One year prior, the average listing was 2,296 sqft.