Raymondville Mortgage Rates
30 Year Fixed Rate mortgages in Raymondville averaged
6.55%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
6.56% and
one month ago for the week of 2022-05-26, the
average rate was 5.55%.
Raymondville's average rate one year ago was 3.2%.
For refis of the same type during the week of 2022-06-30, the average rate
was 6.13%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
Raymondville 30 Year Fixed Rate | 2022-06-30 | 6.55% |
Raymondville 30 Year Fixed Rate Refi | 2022-06-30 | 6.13% |
Raymondville 15 Year Fixed Rate | 2022-06-30 | 5.23% |
Raymondville 15 Year Fixed Rate Refi | 2022-06-30 | 5.18% |
Raymondville 30 Year FHA | 2022-06-30 | 5.98% |
Raymondville 30 Year FHA Refi | 2022-06-30 | 6.29% |
Raymondville 30 Year USDA | 2022-06-30 | 6.56% |
Raymondville 30 Year USDA Refi | 2022-06-30 | 6.15% |
Raymondville 30 Year VA | 2022-06-30 | 5.45% |
Raymondville 30 Year VA Refi | 2022-06-30 | 5.44% |
Raymondville 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 Raymondville, 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 | 2021 Avg. 30yFix Rate | 2021 Avg. Total Fees |
---|---|---|---|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 8 | 3.23% | $5,252 |
QUICKEN LOANS, LLC | 4 | 2.93% | $4,960 |
BBVA USA | 3 | 3.42% | $4,128 |
SECURITY SERVICE | 2 | 3.00% | $4,215 |
UNITED WHOLESALE MORTGAGE, LLC | 2 | 3.28% | $4,288 |
Wells Fargo Bank | 2 | 3.56% | $4,671 |
Ally Bank | 1 | 2.88% | $6,556 |
HOME POINT FINANCIAL CORPORATION | 1 | 2.75% | $4,808 |
Hometown Lenders, Inc. | 1 | 2.88% | $3,913 |
International Bank of Commerce | 1 | 4.00% | $7,370 |
Servion, Inc. | 1 | 3.38% | $4,509 |
GREATER TEXAS FEDERAL CREDIT UNION | 1 | 2.88% | $3,391 |
Bank of America | 1 | 3.00% | $3,399 |
BNY Mellon | 1 | 3.00% | $4,489 |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | 1 | 3.13% | $6,155 |
CROSSCOUNTRY MORTGAGE, LLC | 1 | 3.50% | $11,911 |
Gateway First Bank | 1 | 3.50% | $5,050 |
Raymondville, TX's 17 lenders originated 109
loans during 2021. The total origination value was $18,085,000, with an average loan value of
$165,917.
The top Raymondville lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
8 loans originated. Their average total fees are
$5,252, which is $292
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Raymondville lenders (with over 10 loans originated) are
.
The lowest rate Raymondville lenders (with over 10 loans originated) are
.
Raymondville, 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 |
---|---|---|---|---|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,125,000 | $2,855,000 | 34.4% | 15.8% |
QUICKEN LOANS, LLC | $1,065,000 | $2,230,000 | 109.4% | 12.3% |
FREEDOM MORTGAGE CORPORATION | $310,000 | $855,000 | 175.8% | 4.7% |
PENNYMAC LOAN SERVICES, LLC | $750,000 | n/a | 4.1% | |
SECURITY SERVICE | $660,000 | $680,000 | 3.0% | 3.8% |
International Bank of Commerce | $675,000 | n/a | 3.7% | |
ACADEMY MORTGAGE CORPORATION | $475,000 | $585,000 | 23.2% | 3.2% |
Mortgage Research Center, LLC | $550,000 | n/a | 3.0% | |
UNITED WHOLESALE MORTGAGE, LLC | $575,000 | $510,000 | -11.3% | 2.8% |
Frost Bank | $500,000 | n/a | 2.8% | |
Wells Fargo Bank | $25,000 | $495,000 | 1,880.0% | 2.7% |
Hometown Lenders, Inc. | $695,000 | $470,000 | -32.4% | 2.6% |
Citizens State Bank | $465,000 | n/a | 2.6% | |
21ST MORTGAGE CORPORATION | $280,000 | $435,000 | 55.4% | 2.4% |
Ally Bank | $355,000 | n/a | 2.0% | |
BBVA USA | $570,000 | $350,000 | -38.6% | 1.9% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $455,000 | $350,000 | -23.1% | 1.9% |
BNY Mellon | $295,000 | n/a | 1.6% | |
CROSSCOUNTRY MORTGAGE, LLC | $285,000 | n/a | 1.6% | |
MICHIGAN MUTUAL, INC. | $265,000 | n/a | 1.5% | |
BM Real Estate Services, Inc. | $255,000 | n/a | 1.4% | |
PLANET HOME LENDING, LLC | $390,000 | $250,000 | -35.9% | 1.4% |
Goldwater Bank, N.A. | $230,000 | $225,000 | -2.2% | 1.2% |
WILLOW BEND MORTGAGE COMPANY, LLC | $575,000 | $225,000 | -60.9% | 1.2% |
Texas Regional Bank | $765,000 | $215,000 | -71.9% | 1.2% |
AmeriHome Mortgage Company, LLC | $115,000 | $205,000 | 78.3% | 1.1% |
GUARANTEED RATE, INC. | $195,000 | n/a | 1.1% | |
SECURITYNATIONAL MORTGAGE COMPANY | $195,000 | n/a | 1.1% | |
AMERISAVE MORTGAGE CORPORATION | $65,000 | $185,000 | 184.6% | 1.0% |
JPMorgan Chase Bank | $175,000 | n/a | 1.0% | |
ZILLOW HOME LOANS, LLC | $175,000 | n/a | 1.0% | |
Gateway First Bank | $165,000 | n/a | 0.9% | |
HOME POINT FINANCIAL CORPORATION | $165,000 | n/a | 0.9% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $55,000 | $165,000 | 200.0% | 0.9% |
ROYAL UNITED MORTGAGE LLC | $155,000 | n/a | 0.9% | |
GREATER TEXAS FEDERAL CREDIT UNION | $145,000 | n/a | 0.8% | |
Rio Bank | $125,000 | n/a | 0.7% | |
BROKER SOLUTIONS, INC. | $105,000 | n/a | 0.6% | |
CALIBER HOME LOANS, INC. | $220,000 | $105,000 | -52.3% | 0.6% |
Servion, Inc. | $95,000 | n/a | 0.5% | |
Vantage Bank Texas | $95,000 | n/a | 0.5% | |
Bank of America | $85,000 | n/a | 0.5% | |
Mr. Cooper ( Nationstar Mortgage ) | $380,000 | $85,000 | -77.6% | 0.5% |
DRAPER AND KRAMER MORTGAGE CORP. | $75,000 | n/a | 0.4% | |
PILGRIM MORTGAGE LLC | $75,000 | $75,000 | 0.0% | 0.4% |
AMCAP MORTGAGE, LTD. | $265,000 | $65,000 | -75.5% | 0.4% |
CREDIT HUMAN FEDERAL CREDIT UNION | $65,000 | n/a | 0.4% | |
Falcon International Bank | $35,000 | n/a | 0.2% | |
H E B | $25,000 | n/a | 0.1% |
Raymondville's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 15.8% market share. In second place, with 12.3%, is QUICKEN LOANS, LLC, having originated $2,230,000 in loans. In third place, with 4.7%, is FREEDOM MORTGAGE CORPORATION, having originated $855,000 in loans. In third place, with 4.1%, is PENNYMAC LOAN SERVICES, LLC, having originated $750,000 in loans. In third place, with 3.8%, is SECURITY SERVICE, having originated $680,000 in loans.
Raymondville, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 54 | $9,100,000 | $168,519 |
Refi | 45 | $7,405,000 | $164,556 |
Cash Out Refi | 8 | $1,100,000 | $137,500 |
Other | 2 | $480,000 | $240,000 |
Raymondville's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 45 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 42 | $7,200,000 | $171,429 |
2.5-3% | 37 | $6,555,000 | $177,162 |
<2.5% | 17 | $3,065,000 | $180,294 |
6-7% | 4 | $460,000 | $115,000 |
7-8% | 2 | $140,000 | $70,000 |
Over 8% | 1 | $75,000 | $75,000 |
4-5% | 1 | $65,000 | $65,000 |
5-6% | 1 | $55,000 | $55,000 |
During 2021, Raymondville's most frequently originated rate bucket was 3-4%, with 42 originations.
Loan Sizing (Raymondville, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 50 | $7,560,000 | $151,200 |
$100,000 or less | 31 | $2,245,000 | $72,419 |
$200k-400k | 23 | $5,865,000 | $255,000 |
$400k-600k | 4 | $1,740,000 | $435,000 |
$600k-1000k | 1 | $675,000 | $675,000 |
Raymondville's loan sizing saw the bucket of loans from $100k-200k with 50 originations, totaling $7,560,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 46 | $8,060,000 | $175,217 |
60-80% | 35 | $5,825,000 | $166,429 |
40-60% | 12 | $2,070,000 | $172,500 |
20-40% | 8 | $1,100,000 | $137,500 |
Raymondville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 46 originations, totaling $8,060,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Raymondville (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 | $199,000 (21.8%) | $205,725 (22.9%) | 0.00 | 54 |
2018-02-01 | $190,950 (27.3%) | $205,411 (24.8%) | 0.00 | 52 |
2018-03-01 | $170,000 (13.4%) | $189,024 (16.3%) | 0.00 | 51 |
2018-04-01 | $189,900 (19.4%) | $198,499 (16.9%) | 0.00 | 51 |
2018-05-01 | $199,250 (16.5%) | $198,200 (16.7%) | 0.00 | 46 |
2018-06-01 | $174,900 (-1.2%) | $183,673 (6.5%) | 0.00 | 52 |
2018-07-01 | $199,000 (13.7%) | $195,629 (15.1%) | 0.00 | 53 |
2018-08-01 | $181,950 (10.3%) | $186,172 (11.8%) | 0.00 | 53 |
2018-09-01 | $189,000 (5.1%) | $193,463 (3.4%) | 0.00 | 50 |
2018-10-01 | $189,000 (-5.3%) | $194,935 (-2.8%) | 0.00 | 49 |
2018-11-01 | $189,000 (-5.0%) | $192,859 (-5.4%) | 0.00 | 46 |
2018-12-01 | $195,500 (3.4%) | $203,657 (1.5%) | 0.00 | 42 |
2019-01-01 | $168,950 (-15.1%) | $186,792 (-9.2%) | 0.00 | 42 |
2019-02-01 | $189,000 (-1.0%) | $197,532 (-3.8%) | 0.00 | 37 |
2019-03-01 | $183,000 (7.7%) | $197,177 (4.3%) | 0.00 | 37 |
2019-04-01 | $189,000 (-0.5%) | $201,477 (1.5%) | 0.00 | 37 |
2019-05-01 | $198,250 (-0.5%) | $207,688 (4.8%) | 0.00 | 35 |
2019-06-01 | $150,000 (-14.2%) | $202,941 (10.5%) | 0.00 | 35 |
2019-07-01 | $150,000 (-24.6%) | $200,901 (2.7%) | 0.00 | 36 |
2019-08-01 | $218,571 (20.1%) | $227,771 (22.3%) | 0.00 | 37 |
2019-09-01 | $250,000 (32.3%) | $249,110 (28.8%) | 0.00 | 34 |
2019-10-01 | $267,450 (41.5%) | $269,757 (38.4%) | 0.00 | 39 |
2019-11-01 | $249,000 (31.8%) | $266,278 (38.1%) | 0.00 | 41 |
2019-12-01 | $262,000 (34.0%) | $295,531 (45.1%) | 0.00 | 38 |
2020-01-01 | $262,000 (55.1%) | $288,329 (54.4%) | 0.00 | 38 |
2020-02-01 | $240,000 (27.0%) | $272,482 (37.9%) | 0.00 | 37 |
2020-03-01 | $225,000 (23.0%) | $264,464 (34.1%) | 0.00 | 37 |
2020-04-01 | $194,900 (3.1%) | $243,833 (21.0%) | 0.00 | 35 |
2020-05-01 | $199,900 (0.8%) | $246,376 (18.6%) | 0.00 | 34 |
2020-06-01 | $224,000 (49.3%) | $254,814 (25.6%) | 0.00 | 32 |
2020-07-01 | $225,000 (50.0%) | $271,949 (35.4%) | 0.00 | 30 |
2020-08-01 | $235,000 (7.5%) | $287,713 (26.3%) | 0.00 | 29 |
2020-09-01 | $195,000 (-22.0%) | $288,181 (15.7%) | 0.00 | 25 |
2020-10-01 | $189,000 (-29.3%) | $279,621 (3.7%) | 0.00 | 27 |
2020-11-01 | $180,000 (-27.7%) | $275,949 (3.6%) | 0.00 | 27 |
2020-12-01 | $184,950 (-29.4%) | $247,328 (-16.3%) | 0.00 | 26 |
2021-01-01 | $159,900 (-39.0%) | $227,124 (-21.2%) | 0.00 | 24 |
2021-02-01 | $164,450 (-31.5%) | $209,375 (-23.2%) | 0.00 | 14 |
2021-03-01 | $154,450 (-31.4%) | $203,517 (-23.1%) | 0.00 | 16 |
2021-04-01 | $190,000 (-2.5%) | $282,185 (15.7%) | 0.00 | 21 |
2021-05-01 | $225,000 (12.6%) | $305,105 (23.8%) | 0.00 | 17 |
2021-06-01 | $217,500 (-2.9%) | $273,092 (7.2%) | 0.00 | 16 |
2021-07-01 | $269,000 (19.6%) | $324,804 (19.4%) | 0.00 | 14 |
2021-08-01 | $297,500 (26.6%) | $313,637 (9.0%) | 0.00 | 18 |
2021-09-01 | $309,950 (59.0%) | $318,335 (10.5%) | 0.00 | 19 |
2021-10-01 | $229,000 (21.2%) | $280,390 (0.3%) | 0.00 | 19 |
2021-11-01 | $375,000 (108.3%) | $327,321 (18.6%) | 0.00 | 20 |
2021-12-01 | $175,000 (-5.4%) | $278,222 (12.5%) | 0.00 | 17 |
2022-01-01 | $175,000 (9.4%) | $277,094 (22.0%) | 0.00 | 17 |
2022-02-01 | $222,500 (35.3%) | $287,620 (37.4%) | 0.00 | 12 |
2022-03-01 | $264,500 (71.3%) | $336,925 (65.6%) | 0.00 | 12 |
2022-04-01 | $279,000 (46.8%) | $418,963 (48.5%) | 0.00 | 13 |
2022-05-01 | $289,495 (28.7%) | $477,688 (56.6%) | 0.00 | 11 |
2022-06-01 | $249,745 (14.8%) | $471,971 (72.8%) | 0.00 | 13 |
Raymondville's median listing price comes in at 0% of the national average.
Raymondville's average listing price for 2022-06-01 was $471,971, a difference of $198,879 (72.8%) versus the prior year and $-5,717 versus the prior month.
For the 2022-06-01 period, Raymondville had 13 MLS listings, a difference of 2 listings (18%) versus the prior month and -3 listings (-19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Raymondville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,973 sqft |
2018-02-01 | 0 days | 2,042 sqft |
2018-03-01 | 0 days | 1,973 sqft |
2018-04-01 | 0 days | 2,036 sqft |
2018-05-01 | 0 days | 1,947 sqft |
2018-06-01 | 0 days | 1,656 sqft |
2018-07-01 | 0 days | 1,728 sqft |
2018-08-01 | 0 days | 1,691 sqft |
2018-09-01 | 0 days | 1,728 sqft |
2018-10-01 | 0 days | 1,729 sqft |
2018-11-01 | 0 days | 1,678 sqft |
2018-12-01 | 0 days | 1,784 sqft |
2019-01-01 | 0 days | 1,652 sqft |
2019-02-01 | 0 days | 1,744 sqft |
2019-03-01 | 0 days | 1,705 sqft |
2019-04-01 | 0 days | 1,639 sqft |
2019-05-01 | 0 days | 1,626 sqft |
2019-06-01 | 0 days | 1,564 sqft |
2019-07-01 | 0 days | 1,480 sqft |
2019-08-01 | 0 days | 1,599 sqft |
2019-09-01 | 0 days | 1,652 sqft |
2019-10-01 | 0 days | 1,919 sqft |
2019-11-01 | 0 days | 1,919 sqft |
2019-12-01 | 0 days | 1,935 sqft |
2020-01-01 | 0 days | 2,038 sqft |
2020-02-01 | 0 days | 1,950 sqft |
2020-03-01 | 0 days | 1,852 sqft |
2020-04-01 | 0 days | 1,784 sqft |
2020-05-01 | 0 days | 1,600 sqft |
2020-06-01 | 0 days | 1,600 sqft |
2020-07-01 | 0 days | 1,784 sqft |
2020-08-01 | 0 days | 1,900 sqft |
2020-09-01 | 0 days | 1,919 sqft |
2020-10-01 | 0 days | 2,004 sqft |
2020-11-01 | 0 days | 1,919 sqft |
2020-12-01 | 0 days | 1,988 sqft |
2021-01-01 | 0 days | 1,784 sqft |
2021-02-01 | 0 days | 2,056 sqft |
2021-03-01 | 0 days | 1,619 sqft |
2021-04-01 | 0 days | 2,125 sqft |
2021-05-01 | 0 days | 2,278 sqft |
2021-06-01 | 0 days | 1,608 sqft |
2021-07-01 | 0 days | 2,075 sqft |
2021-08-01 | 0 days | 1,700 sqft |
2021-09-01 | 0 days | 1,972 sqft |
2021-10-01 | 0 days | 1,640 sqft |
2021-11-01 | 0 days | 2,442 sqft |
2021-12-01 | 0 days | 2,436 sqft |
2022-01-01 | 0 days | 2,409 sqft |
2022-02-01 | 0 days | 2,024 sqft |
2022-03-01 | 0 days | 1,970 sqft |
2022-04-01 | 0 days | 2,100 sqft |
2022-05-01 | 0 days | 1,932 sqft |
2022-06-01 | 0 days | 1,932 sqft |
Raymondville's median square footage for active listings during the 2022-06-01 period was 1,932 sqft. One year prior, the average listing was 1,608 sqft.