Plainview Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Plainview averaged
7.02%
for the week of 2023-11-22, compared to the national average of
7.29% for the same period.
The average rate for the prior week (2023-11-16) was
7.27% and
one month ago for the week of 2023-10-19, the
average rate was 7.36%.
Plainview's average rate one year ago was 6.64%.
For refis of the same type during the week of 2023-11-22, the average rate
was 7.39%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
Plainview 30 Year Fixed Rate | 2023-11-22 | 7.02% |
Plainview 30 Year Fixed Rate Refi | 2023-11-22 | 7.39% |
Plainview 15 Year Fixed Rate | 2023-11-22 | 6.77% |
Plainview 15 Year Fixed Rate Refi | 2023-11-22 | 6.77% |
Plainview 30 Year FHA | 2023-11-22 | -0.2% |
Plainview 30 Year FHA Refi | 2023-11-22 | 0.2% |
Plainview 30 Year USDA | 2023-11-22 | 0.2% |
Plainview 30 Year USDA Refi | 2023-11-22 | -0.2% |
Plainview 30 Year VA | 2023-11-22 | -0.1% |
Plainview 30 Year VA Refi | 2023-11-22 | -0.1% |
Plainview 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 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 Average Closing Costs & Other Stats
Plainview, TX's 28 lenders originated 320
loans during 2022. The total origination value was $52,040,000, with an average loan value of
$162,625.
Plainview's average closing costs are $4,412.
The top Plainview lender as defined by loan originations is Prosperity Bank, with
86 loans originated. Their average total fees are
$3,203, which is $2,827
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Plainview lenders (with over 10 loans originated) are
Prosperity Bank ($3,203), QUICKEN LOANS, LLC ($6,030), .
The lowest rate Plainview lenders (with over 10 loans originated) are
Prosperity Bank (4.89%), QUICKEN LOANS, LLC (5.37%), .
Plainview, 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 |
---|---|---|---|---|
Prosperity Bank | $19,155,000 | $17,350,000 | -9.4% | 33.3% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $6,090,000 | $4,190,000 | -31.2% | 8.1% |
Citizens Bank | $485,000 | $2,670,000 | 450.5% | 5.1% |
QUICKEN LOANS, LLC | $5,305,000 | $2,590,000 | -51.2% | 5.0% |
GREYSTONE SERVICING COMPANY LLC | $2,395,000 | n/a | 4.6% | |
Centennial Bank | $1,755,000 | n/a | 3.4% | |
TEXAS TECH | $2,560,000 | $1,510,000 | -41.0% | 2.9% |
City Bank | $1,760,000 | $1,495,000 | -15.1% | 2.9% |
First Bank & Trust | $465,000 | $1,485,000 | 219.4% | 2.9% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,645,000 | $1,285,000 | -21.9% | 2.5% |
Amarillo National Bank | $985,000 | $1,075,000 | 9.1% | 2.1% |
Alliance Credit Union | $335,000 | $915,000 | 173.1% | 1.8% |
Vista Bank | $410,000 | $895,000 | 118.3% | 1.7% |
FLAT BRANCH MORTGAGE, INC. | $810,000 | n/a | 1.6% | |
LOANDEPOT.COM, LLC | $700,000 | $720,000 | 2.9% | 1.4% |
Wells Fargo Bank | $780,000 | $700,000 | -10.3% | 1.3% |
Ally Bank | $675,000 | n/a | 1.3% | |
PENNYMAC LOAN SERVICES, LLC | $620,000 | $575,000 | -7.3% | 1.1% |
FREEDOM MORTGAGE CORPORATION | $815,000 | $550,000 | -32.5% | 1.1% |
Mortgage Research Center, LLC | $965,000 | $450,000 | -53.4% | 0.9% |
Mr. Cooper ( Nationstar Mortgage ) | $665,000 | $435,000 | -34.6% | 0.8% |
21ST MORTGAGE CORPORATION | $75,000 | $425,000 | 466.7% | 0.8% |
CMG MORTGAGE, INC. | $400,000 | $360,000 | -10.0% | 0.7% |
USAA Federal Savings Bank | $355,000 | n/a | 0.7% | |
NEWREZ LLC | $345,000 | n/a | 0.7% | |
FirstCapital Bank of Texas | $85,000 | $325,000 | 282.4% | 0.6% |
Flagstar Bank, FSB | $320,000 | n/a | 0.6% | |
AMERICAN FINANCING CORPORATION | $300,000 | n/a | 0.6% | |
Herring Bank | $265,000 | n/a | 0.5% | |
Access Community Credit Union | $255,000 | n/a | 0.5% | |
Southwest Bank | $310,000 | $255,000 | -17.7% | 0.5% |
UNITED WHOLESALE MORTGAGE, LLC | $795,000 | $255,000 | -67.9% | 0.5% |
Gateway First Bank | $385,000 | $240,000 | -37.7% | 0.5% |
JPMorgan Chase Bank | $120,000 | $220,000 | 83.3% | 0.4% |
Hometown Equity Mortgage, LLC | $175,000 | $215,000 | 22.9% | 0.4% |
Lakeview Community Capital, LLC | $395,000 | $215,000 | -45.6% | 0.4% |
HOMETRUST MORTGAGE COMPANY | $205,000 | n/a | 0.4% | |
Nations Lending Corporation | $165,000 | n/a | 0.3% | |
SECURITYNATIONAL MORTGAGE COMPANY | $165,000 | n/a | 0.3% | |
NATIONS RELIABLE LENDING, LLC | $160,000 | n/a | 0.3% | |
AMCAP MORTGAGE, LTD. | $530,000 | $155,000 | -70.8% | 0.3% |
Home Federal Bank | $155,000 | n/a | 0.3% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $155,000 | n/a | 0.3% | |
American State Bank | $150,000 | n/a | 0.3% | |
GREAT WESTERN FINANCIAL SERVICES, INC. | $145,000 | n/a | 0.3% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $145,000 | n/a | 0.3% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $155,000 | $125,000 | -19.4% | 0.2% |
AMERISAVE MORTGAGE CORPORATION | $290,000 | $115,000 | -60.3% | 0.2% |
United Community Bank | $115,000 | n/a | 0.2% | |
TRIAD FINANCIAL SERVICES, INC. | $105,000 | n/a | 0.2% | |
V.I.P. MORTGAGE, INC. | $105,000 | n/a | 0.2% | |
Community National Bank | $95,000 | n/a | 0.2% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $95,000 | n/a | 0.2% | |
THRIVE MORTGAGE, LLC | $95,000 | n/a | 0.2% | |
First United Bank | $775,000 | $85,000 | -89.0% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $85,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $210,000 | $85,000 | -59.5% | 0.2% |
LRS FINANCIAL NETWORK, INC. | $65,000 | n/a | 0.1% | |
Paramount Bank | $65,000 | n/a | 0.1% | |
EECU | $55,000 | n/a | 0.1% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $55,000 | n/a | 0.1% | |
Western Bank | $55,000 | n/a | 0.1% | |
RANDOLPH-BROOKS | $35,000 | n/a | 0.1% | |
M&T Bank | $25,000 | n/a | 0.0% |
Plainview's top lender by overall market share is Prosperity Bank, with 33.3% market share. In second place, with 8.1%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $4,190,000 in loans. In third place, with 5.1%, is Citizens Bank, having originated $2,670,000 in loans. In fourth place, with 5.0%, is QUICKEN LOANS, LLC, having originated $2,590,000 in loans. In fifth place, with 4.6%, is GREYSTONE SERVICING COMPANY LLC, having originated $2,395,000 in loans.
Plainview Housing Market Trends (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 | $122,950 (4.9%) | $154,772 (13.9%) | 0.00 | 105 |
2018-02-01 | $127,550 (8.0%) | $151,962 (8.6%) | 0.00 | 111 |
2018-03-01 | $142,000 (18.0%) | $168,834 (9.2%) | 0.00 | 105 |
2018-04-01 | $146,500 (18.9%) | $174,845 (4.3%) | 0.00 | 94 |
2018-05-01 | $144,900 (18.4%) | $165,679 (1.2%) | 0.00 | 97 |
2018-06-01 | $147,900 (30.8%) | $169,038 (11.1%) | 0.00 | 101 |
2018-07-01 | $146,125 (31.4%) | $171,104 (16.4%) | 0.00 | 114 |
2018-08-01 | $139,900 (21.1%) | $173,626 (16.9%) | 0.00 | 109 |
2018-09-01 | $130,000 (4.0%) | $174,216 (13.7%) | 0.00 | 112 |
2018-10-01 | $125,000 (-2.6%) | $175,041 (9.2%) | 0.00 | 109 |
2018-11-01 | $127,925 (0.9%) | $170,661 (4.5%) | 0.00 | 116 |
2018-12-01 | $132,500 (6.0%) | $173,307 (6.2%) | 0.00 | 110 |
2019-01-01 | $120,575 (-1.9%) | $165,088 (6.7%) | 0.00 | 103 |
2019-02-01 | $130,000 (1.9%) | $172,812 (13.7%) | 0.00 | 101 |
2019-03-01 | $138,721 (-2.3%) | $174,420 (3.3%) | 0.00 | 98 |
2019-04-01 | $141,996 (-3.1%) | $170,473 (-2.5%) | 0.00 | 99 |
2019-05-01 | $131,225 (-9.4%) | $166,399 (0.4%) | 0.00 | 95 |
2019-06-01 | $131,250 (-11.3%) | $163,855 (-3.1%) | 0.00 | 92 |
2019-07-01 | $127,875 (-12.5%) | $151,931 (-11.2%) | 0.00 | 107 |
2019-08-01 | $127,318 (-9.0%) | $153,241 (-11.7%) | 0.00 | 103 |
2019-09-01 | $127,420 (-2.0%) | $155,638 (-10.7%) | 0.00 | 99 |
2019-10-01 | $126,714 (1.4%) | $157,656 (-9.9%) | 0.00 | 94 |
2019-11-01 | $127,000 (-0.7%) | $156,938 (-8.0%) | 0.00 | 94 |
2019-12-01 | $135,375 (2.2%) | $162,903 (-6.0%) | 0.00 | 90 |
2020-01-01 | $134,625 (11.7%) | $158,986 (-3.7%) | 0.00 | 83 |
2020-02-01 | $128,950 (-0.8%) | $160,397 (-7.2%) | 0.00 | 73 |
2020-03-01 | $137,250 (-1.1%) | $177,794 (1.9%) | 0.00 | 70 |
2020-04-01 | $139,750 (-1.6%) | $191,535 (12.4%) | 0.00 | 69 |
2020-05-01 | $147,250 (12.2%) | $200,830 (20.7%) | 0.00 | 65 |
2020-06-01 | $144,300 (9.9%) | $197,529 (20.6%) | 0.00 | 64 |
2020-07-01 | $136,050 (6.4%) | $177,278 (16.7%) | 0.00 | 61 |
2020-08-01 | $137,200 (7.8%) | $176,415 (15.1%) | 0.00 | 71 |
2020-09-01 | $136,000 (6.7%) | $176,019 (13.1%) | 0.00 | 65 |
2020-10-01 | $135,500 (6.9%) | $177,814 (12.8%) | 0.00 | 54 |
2020-11-01 | $139,950 (10.2%) | $190,497 (21.4%) | 0.00 | 43 |
2020-12-01 | $142,350 (5.2%) | $197,580 (21.3%) | 0.00 | 45 |
2021-01-01 | $127,500 (-5.3%) | $180,609 (13.6%) | 0.00 | 41 |
2021-02-01 | $132,375 (2.7%) | $187,457 (16.9%) | 0.00 | 35 |
2021-03-01 | $110,875 (-19.2%) | $188,491 (6.0%) | 0.00 | 29 |
2021-04-01 | $114,950 (-17.8%) | $189,353 (-1.1%) | 0.00 | 32 |
2021-05-01 | $110,000 (-25.3%) | $247,536 (23.3%) | 0.00 | 24 |
2021-06-01 | $180,000 (24.7%) | $241,830 (22.4%) | 0.00 | 26 |
2021-07-01 | $149,500 (9.9%) | $247,150 (39.4%) | 0.00 | 21 |
2021-08-01 | $134,750 (-1.8%) | $187,014 (6.0%) | 0.00 | 35 |
2021-09-01 | $139,875 (2.9%) | $197,527 (12.2%) | 0.00 | 36 |
2021-10-01 | $117,475 (-13.3%) | $209,376 (17.8%) | 0.00 | 27 |
2021-11-01 | $129,975 (-7.1%) | $220,978 (16.0%) | 0.00 | 27 |
2021-12-01 | $167,325 (17.5%) | $234,950 (18.9%) | 0.00 | 30 |
2022-01-01 | $140,000 (9.8%) | $218,409 (20.9%) | 0.00 | 27 |
2022-02-01 | $142,938 (8.0%) | $226,247 (20.7%) | 0.00 | 29 |
2022-03-01 | $162,250 (46.3%) | $249,120 (32.2%) | 0.00 | 20 |
2022-04-01 | $189,700 (65.0%) | $266,726 (40.9%) | 0.00 | 18 |
2022-05-01 | $174,000 (58.2%) | $255,787 (3.3%) | 0.00 | 25 |
2022-06-01 | $139,375 (-22.6%) | $227,519 (-5.9%) | 0.00 | 27 |
2022-07-01 | $167,500 (12.0%) | $211,732 (-14.3%) | 0.00 | 32 |
2022-08-01 | $158,575 (17.7%) | $212,031 (13.4%) | 0.00 | 28 |
2022-09-01 | $130,750 (-6.5%) | $192,516 (-2.5%) | 0.00 | 33 |
2022-10-01 | $175,000 (49.0%) | $222,054 (6.1%) | 0.00 | 36 |
2022-11-01 | $169,200 (30.2%) | $223,932 (1.3%) | 0.00 | 36 |
2022-12-01 | $164,900 (-1.5%) | $235,723 (0.3%) | 0.00 | 35 |
2023-01-01 | $156,475 (11.8%) | $214,323 (-1.9%) | 0.00 | 38 |
2023-02-01 | $163,425 (14.3%) | $218,262 (-3.5%) | 0.00 | 36 |
2023-03-01 | $182,500 (12.5%) | $237,095 (-4.8%) | 0.00 | 37 |
2023-04-01 | $199,500 (5.2%) | $298,312 (11.8%) | 0.00 | 35 |
2023-05-01 | $206,875 (18.9%) | $285,687 (11.7%) | 0.00 | 44 |
2023-06-01 | $198,125 (42.2%) | $264,344 (16.2%) | 0.00 | 52 |
2023-07-01 | $199,900 (19.3%) | $256,343 (21.1%) | 0.00 | 58 |
2023-08-01 | $193,185 (21.8%) | $244,913 (15.5%) | 0.00 | 74 |
2023-09-01 | $197,000 (50.7%) | $248,325 (29.0%) | 0.00 | 77 |
2023-10-01 | $195,685 (11.8%) | $252,574 (13.7%) | 0.00 | 76 |
Plainview's median listing price comes in at 0% of the national average.
Plainview's average listing price for 2023-10-01 was $252,574, a difference of $30,520 (13.7%) versus the prior year and $4,249 versus the prior month.
For the 2023-10-01 period, Plainview had 76 MLS listings, a difference of -1 listings (-1%) versus the prior month and 40 listings (111%) 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 | 1,816 sqft |
2018-02-01 | 0 days | 1,864 sqft |
2018-03-01 | 0 days | 1,970 sqft |
2018-04-01 | 0 days | 2,020 sqft |
2018-05-01 | 0 days | 1,987 sqft |
2018-06-01 | 0 days | 2,046 sqft |
2018-07-01 | 0 days | 2,004 sqft |
2018-08-01 | 0 days | 1,972 sqft |
2018-09-01 | 0 days | 1,959 sqft |
2018-10-01 | 0 days | 1,935 sqft |
2018-11-01 | 0 days | 1,948 sqft |
2018-12-01 | 0 days | 1,917 sqft |
2019-01-01 | 0 days | 1,902 sqft |
2019-02-01 | 0 days | 1,926 sqft |
2019-03-01 | 0 days | 1,955 sqft |
2019-04-01 | 0 days | 1,969 sqft |
2019-05-01 | 0 days | 1,958 sqft |
2019-06-01 | 0 days | 1,919 sqft |
2019-07-01 | 0 days | 1,901 sqft |
2019-08-01 | 0 days | 1,916 sqft |
2019-09-01 | 0 days | 1,943 sqft |
2019-10-01 | 0 days | 1,965 sqft |
2019-11-01 | 0 days | 1,956 sqft |
2019-12-01 | 0 days | 1,942 sqft |
2020-01-01 | 0 days | 1,941 sqft |
2020-02-01 | 0 days | 1,905 sqft |
2020-03-01 | 0 days | 1,974 sqft |
2020-04-01 | 0 days | 2,045 sqft |
2020-05-01 | 0 days | 2,175 sqft |
2020-06-01 | 0 days | 2,109 sqft |
2020-07-01 | 0 days | 2,030 sqft |
2020-08-01 | 0 days | 2,117 sqft |
2020-09-01 | 0 days | 2,137 sqft |
2020-10-01 | 0 days | 2,078 sqft |
2020-11-01 | 0 days | 1,955 sqft |
2020-12-01 | 0 days | 2,059 sqft |
2021-01-01 | 0 days | 1,946 sqft |
2021-02-01 | 0 days | 1,956 sqft |
2021-03-01 | 0 days | 1,975 sqft |
2021-04-01 | 0 days | 2,012 sqft |
2021-05-01 | 0 days | 1,646 sqft |
2021-06-01 | 0 days | 2,148 sqft |
2021-07-01 | 0 days | 1,635 sqft |
2021-08-01 | 0 days | 1,631 sqft |
2021-09-01 | 0 days | 1,743 sqft |
2021-10-01 | 0 days | 1,631 sqft |
2021-11-01 | 0 days | 1,631 sqft |
2021-12-01 | 0 days | 1,634 sqft |
2022-01-01 | 0 days | 1,633 sqft |
2022-02-01 | 0 days | 1,786 sqft |
2022-03-01 | 0 days | 1,666 sqft |
2022-04-01 | 0 days | 1,912 sqft |
2022-05-01 | 0 days | 1,980 sqft |
2022-06-01 | 0 days | 1,768 sqft |
2022-07-01 | 0 days | 1,905 sqft |
2022-08-01 | 0 days | 1,943 sqft |
2022-09-01 | 0 days | 1,770 sqft |
2022-10-01 | 0 days | 1,801 sqft |
2022-11-01 | 0 days | 1,793 sqft |
2022-12-01 | 0 days | 1,777 sqft |
2023-01-01 | 0 days | 1,697 sqft |
2023-02-01 | 0 days | 1,740 sqft |
2023-03-01 | 0 days | 1,892 sqft |
2023-04-01 | 0 days | 1,960 sqft |
2023-05-01 | 0 days | 1,839 sqft |
2023-06-01 | 0 days | 1,753 sqft |
2023-07-01 | 0 days | 1,874 sqft |
2023-08-01 | 0 days | 1,913 sqft |
2023-09-01 | 0 days | 1,913 sqft |
2023-10-01 | 0 days | 1,910 sqft |
Plainview's median square footage for active listings during the 2023-10-01 period was 1,910 sqft. One year prior, the average listing was 1,801 sqft.
Plainview, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 247 | $40,945,000 | $165,769 |
Refi | 32 | $4,030,000 | $125,938 |
Cash Out Refi | 28 | $6,050,000 | $216,071 |
Other | 8 | $800,000 | $100,000 |
Home Improvement | 5 | $215,000 | $43,000 |
Plainview's most frequently cited loan purpose was Home Purchase, with 247 originations. The 2nd most popular reason was Refi, with 32 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 96 | $15,150,000 | $157,813 |
4-5% | 68 | $11,570,000 | $170,147 |
3-4% | 66 | $11,000,000 | $166,667 |
6-7% | 38 | $5,260,000 | $138,421 |
7-8% | 14 | $1,700,000 | $121,429 |
2.5-3% | 11 | $4,105,000 | $373,182 |
Over 8% | 5 | $585,000 | $117,000 |
<2.5% | 5 | $935,000 | $187,000 |
During 2022, Plainview's most frequently originated rate bucket was 5-6%, with 96 originations.
Loan Sizing (Plainview, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 141 | $19,995,000 | $141,809 |
$100,000 or less | 114 | $7,730,000 | $67,807 |
$200k-400k | 53 | $13,925,000 | $262,736 |
$400k-600k | 6 | $2,810,000 | $468,333 |
$600k-1000k | 4 | $2,580,000 | $645,000 |
$Over $1MM | 2 | $5,000,000 | $2,500,000 |
Plainview's loan sizing saw the bucket of loans from $100k-200k with 141 originations, totaling $19,995,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 195 | $31,895,000 | $163,564 |
60-80% | 66 | $9,790,000 | $148,333 |
40-60% | 27 | $4,955,000 | $183,519 |
20-40% | 9 | $3,005,000 | $333,889 |
Under 20% | 3 | $15,000 | $5,000 |
Over 100% | 2 | $470,000 | $235,000 |
Plainview's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 195 originations, totaling $31,895,000 in origination value.