Raymondville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Raymondville averaged
7.09%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
7.38% and
one month ago for the week of 2023-08-17, the
average rate was 7.19%.
Raymondville's average rate one year ago was 5.82%.
For refis of the same type during the week of 2023-09-21, the average rate
was 7.79%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
Raymondville 30 Year Fixed Rate | 2023-09-21 | 7.09% |
Raymondville 30 Year Fixed Rate Refi | 2023-09-21 | 7.79% |
Raymondville 15 Year Fixed Rate | 2023-09-21 | 6.64% |
Raymondville 15 Year Fixed Rate Refi | 2023-09-21 | 6.54% |
Raymondville 30 Year FHA | 2023-09-21 | 7.24% |
Raymondville 30 Year FHA Refi | 2023-09-21 | 6.84% |
Raymondville 30 Year USDA | 2023-09-21 | 7.02% |
Raymondville 30 Year USDA Refi | 2023-09-21 | 7.22% |
Raymondville 30 Year VA | 2023-09-21 | 6.82% |
Raymondville 30 Year VA Refi | 2023-09-21 | 6.72% |
Raymondville 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 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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
---|---|---|---|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 7 | 4.57% | $6,042 |
QUICKEN LOANS, LLC | 4 | 6.25% | $6,215 |
Texas Regional Bank | 2 | 4.06% | $5,588 |
First Savings Bank | 1 | 4.75% | $6,122 |
Flagstar Bank, FSB | 1 | 5.00% | $8,692 |
Hometown Lenders, Inc. | 1 | 4.63% | $4,891 |
MORTGAGE SOLUTIONS OF COLORADO, LLC | 1 | 5.75% | $14,098 |
NAVY ARMY COMMUNITY CREDIT UNION | 1 | 5.88% | $4,223 |
S1L, Inc. | 1 | 6.00% | $10,078 |
SECURITY SERVICE | 1 | 2.50% | $5,558 |
Wells Fargo Bank | 1 | 5.38% | $6,988 |
WILLOW BEND MORTGAGE COMPANY, LLC | 1 | 4.25% | $12,968 |
CARDINAL FINANCIAL | 1 | 5.99% | $7,191 |
Zions Bank | 1 | 4.25% | $8,093 |
DRAPER AND KRAMER MORTGAGE CORP. | 1 | 4.13% | $4,598 |
EMBRACE HOME LOANS, INC. | 1 | 5.88% | $2,505 |
Raymondville Average Closing Costs & Other Stats
Raymondville, TX's 16 lenders originated 78
loans during 2022. The total origination value was $14,400,000, with an average loan value of
$184,615.
Raymondville's average closing costs are $5,773.
The top Raymondville lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
7 loans originated. Their average total fees are
$6,042, which is $173
lower 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 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 |
---|---|---|---|---|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,855,000 | $1,785,000 | -37.5% | 12.4% |
WILLOW BEND MORTGAGE COMPANY, LLC | $225,000 | $1,225,000 | 444.4% | 8.5% |
Texas Regional Bank | $215,000 | $1,155,000 | 437.2% | 8.0% |
QUICKEN LOANS, LLC | $2,230,000 | $935,000 | -58.1% | 6.5% |
CMG MORTGAGE, INC. | $835,000 | n/a | 5.8% | |
Mortgage Research Center, LLC | $550,000 | $755,000 | 37.3% | 5.2% |
21ST MORTGAGE CORPORATION | $435,000 | $595,000 | 36.8% | 4.1% |
ACADEMY MORTGAGE CORPORATION | $585,000 | $560,000 | -4.3% | 3.9% |
PENTAGON FEDERAL CREDIT UNION | $545,000 | n/a | 3.8% | |
Hometown Lenders, Inc. | $470,000 | $520,000 | 10.6% | 3.6% |
UNITED WHOLESALE MORTGAGE, LLC | $510,000 | $515,000 | 1.0% | 3.6% |
SECURITY SERVICE | $680,000 | $465,000 | -31.6% | 3.2% |
Mr. Cooper ( Nationstar Mortgage ) | $85,000 | $385,000 | 352.9% | 2.7% |
Flagstar Bank, FSB | $375,000 | n/a | 2.6% | |
Lone Star National Bank | $325,000 | n/a | 2.3% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $350,000 | $320,000 | -8.6% | 2.2% |
NAVY ARMY COMMUNITY CREDIT UNION | $295,000 | n/a | 2.0% | |
Wells Fargo Bank | $495,000 | $275,000 | -44.4% | 1.9% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $265,000 | n/a | 1.8% | |
SUN WEST MORTGAGE COMPANY, INC. | $245,000 | n/a | 1.7% | |
LOANDEPOT.COM, LLC | $235,000 | n/a | 1.6% | |
Zions Bancorporation, N.A. | $225,000 | n/a | 1.6% | |
S1L, Inc. | $215,000 | n/a | 1.5% | |
Vantage Bank Texas | $95,000 | $185,000 | 94.7% | 1.3% |
CROSSCOUNTRY MORTGAGE, LLC | $285,000 | $155,000 | -45.6% | 1.1% |
CERTAINTY HOME LOANS, LLC | $145,000 | n/a | 1.0% | |
DRAPER AND KRAMER MORTGAGE CORP. | $75,000 | $145,000 | 93.3% | 1.0% |
INTERLINC MORTGAGE SERVICES, LLC | $135,000 | n/a | 0.9% | |
PNC Bank | $90,000 | n/a | 0.6% | |
First Savings Bank | $85,000 | n/a | 0.6% | |
Frost Bank | $500,000 | $85,000 | -83.0% | 0.6% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $85,000 | n/a | 0.6% | |
EMBRACE HOME LOANS, INC. | $75,000 | n/a | 0.5% | |
MORTGAGE FINANCIAL SERVICES, LLC | $65,000 | n/a | 0.5% | |
United Community Bank | $65,000 | n/a | 0.5% | |
Rio Bank | $125,000 | $35,000 | -72.0% | 0.2% |
Raymondville's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 12.4% market share. In second place, with 8.5%, is WILLOW BEND MORTGAGE COMPANY, LLC, having originated $1,225,000 in loans. In third place, with 8.0%, is Texas Regional Bank, having originated $1,155,000 in loans. In fourth place, with 6.5%, is QUICKEN LOANS, LLC, having originated $935,000 in loans. In fifth place, with 5.8%, is CMG MORTGAGE, INC., having originated $835,000 in loans.
Raymondville Housing Market Trends (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 | $194,000 (25.2%) | $204,150 (23.4%) | 0.00 | 53 |
2018-02-01 | $183,225 (22.2%) | $204,180 (25.0%) | 0.00 | 51 |
2018-03-01 | $176,950 (31.1%) | $191,700 (18.6%) | 0.00 | 48 |
2018-04-01 | $182,500 (21.8%) | $194,357 (15.1%) | 0.00 | 49 |
2018-05-01 | $186,175 (16.9%) | $191,777 (14.3%) | 0.00 | 45 |
2018-06-01 | $155,000 (-2.5%) | $179,972 (6.2%) | 0.00 | 49 |
2018-07-01 | $173,200 (12.1%) | $192,533 (21.3%) | 0.00 | 51 |
2018-08-01 | $155,750 (-3.9%) | $181,250 (13.2%) | 0.00 | 52 |
2018-09-01 | $169,000 (-6.1%) | $183,334 (-1.4%) | 0.00 | 49 |
2018-10-01 | $169,500 (-15.0%) | $188,212 (-5.4%) | 0.00 | 49 |
2018-11-01 | $170,475 (-14.4%) | $186,857 (-9.1%) | 0.00 | 44 |
2018-12-01 | $189,000 (-2.6%) | $200,974 (-0.4%) | 0.00 | 40 |
2019-01-01 | $163,225 (-15.9%) | $185,878 (-9.0%) | 0.00 | 42 |
2019-02-01 | $178,500 (-2.6%) | $196,813 (-3.6%) | 0.00 | 37 |
2019-03-01 | $175,000 (-1.1%) | $197,883 (3.2%) | 0.00 | 36 |
2019-04-01 | $181,225 (-0.7%) | $203,390 (4.7%) | 0.00 | 36 |
2019-05-01 | $194,225 (4.3%) | $211,017 (10.0%) | 0.00 | 36 |
2019-06-01 | $150,000 (-3.2%) | $205,429 (14.1%) | 0.00 | 36 |
2019-07-01 | $149,975 (-13.4%) | $201,445 (4.6%) | 0.00 | 36 |
2019-08-01 | $205,964 (32.2%) | $222,103 (22.5%) | 0.00 | 37 |
2019-09-01 | $230,734 (36.5%) | $252,263 (37.6%) | 0.00 | 37 |
2019-10-01 | $246,998 (45.7%) | $271,673 (44.3%) | 0.00 | 37 |
2019-11-01 | $248,500 (45.8%) | $267,088 (42.9%) | 0.00 | 38 |
2019-12-01 | $261,363 (38.3%) | $307,761 (53.1%) | 0.00 | 34 |
2020-01-01 | $258,225 (58.2%) | $303,390 (63.2%) | 0.00 | 34 |
2020-02-01 | $244,000 (36.7%) | $279,272 (41.9%) | 0.00 | 34 |
2020-03-01 | $225,000 (28.6%) | $270,534 (36.7%) | 0.00 | 33 |
2020-04-01 | $197,288 (8.9%) | $253,470 (24.6%) | 0.00 | 30 |
2020-05-01 | $224,000 (15.3%) | $264,274 (25.2%) | 0.00 | 29 |
2020-06-01 | $224,500 (49.7%) | $270,839 (31.8%) | 0.00 | 28 |
2020-07-01 | $232,500 (55.0%) | $296,116 (47.0%) | 0.00 | 27 |
2020-08-01 | $235,500 (14.3%) | $303,913 (36.8%) | 0.00 | 23 |
2020-09-01 | $220,000 (-4.7%) | $313,654 (24.3%) | 0.00 | 23 |
2020-10-01 | $215,000 (-13.0%) | $298,483 (9.9%) | 0.00 | 26 |
2020-11-01 | $184,725 (-25.7%) | $279,156 (4.5%) | 0.00 | 26 |
2020-12-01 | $210,000 (-19.7%) | $266,139 (-13.5%) | 0.00 | 27 |
2021-01-01 | $175,000 (-32.2%) | $252,850 (-16.7%) | 0.00 | 23 |
2021-02-01 | $172,000 (-29.5%) | $232,965 (-16.6%) | 0.00 | 14 |
2021-03-01 | $171,225 (-23.9%) | $227,486 (-15.9%) | 0.00 | 17 |
2021-04-01 | $210,000 (6.4%) | $302,762 (19.5%) | 0.00 | 22 |
2021-05-01 | $255,000 (13.8%) | $326,158 (23.4%) | 0.00 | 17 |
2021-06-01 | $217,500 (-3.1%) | $295,610 (9.2%) | 0.00 | 15 |
2021-07-01 | $283,500 (21.9%) | $329,838 (11.4%) | 0.00 | 16 |
2021-08-01 | $275,625 (17.0%) | $304,808 (0.3%) | 0.00 | 19 |
2021-09-01 | $293,950 (33.6%) | $321,085 (2.4%) | 0.00 | 19 |
2021-10-01 | $214,500 (-0.2%) | $282,890 (-5.2%) | 0.00 | 19 |
2021-11-01 | $375,000 (103.0%) | $324,097 (16.1%) | 0.00 | 19 |
2021-12-01 | $188,500 (-10.2%) | $278,436 (4.6%) | 0.00 | 17 |
2022-01-01 | $175,000 (0.0%) | $271,830 (7.5%) | 0.00 | 17 |
2022-02-01 | $208,750 (21.4%) | $280,203 (20.3%) | 0.00 | 13 |
2022-03-01 | $257,250 (50.2%) | $337,037 (48.2%) | 0.00 | 12 |
2022-04-01 | $279,000 (32.9%) | $428,227 (41.4%) | 0.00 | 12 |
2022-05-01 | $284,000 (11.4%) | $433,534 (32.9%) | 0.00 | 10 |
2022-06-01 | $209,125 (-3.9%) | $395,755 (33.9%) | 0.00 | 13 |
2022-07-01 | $229,500 (-19.1%) | $378,848 (14.9%) | 0.00 | 14 |
2022-08-01 | $224,500 (-18.6%) | $370,019 (21.4%) | 0.00 | 16 |
2022-09-01 | $259,623 (-11.7%) | $444,616 (38.5%) | 0.00 | 19 |
2022-10-01 | $269,900 (25.8%) | $427,441 (51.1%) | 0.00 | 20 |
2022-11-01 | $303,500 (-19.1%) | $384,900 (18.8%) | 0.00 | 20 |
2022-12-01 | $225,250 (19.5%) | $335,851 (20.6%) | 0.00 | 20 |
2023-01-01 | $206,500 (18.0%) | $316,397 (16.4%) | 0.00 | 20 |
2023-02-01 | $200,000 (-4.2%) | $297,286 (6.1%) | 0.00 | 21 |
2023-03-01 | $216,000 (-16.0%) | $320,674 (-4.9%) | 0.00 | 22 |
2023-04-01 | $210,000 (-24.7%) | $305,033 (-28.8%) | 0.00 | 23 |
2023-05-01 | $212,500 (-25.2%) | $331,667 (-23.5%) | 0.00 | 21 |
2023-06-01 | $242,500 (16.0%) | $340,485 (-14.0%) | 0.00 | 19 |
2023-07-01 | $194,750 (-15.1%) | $262,257 (-30.8%) | 0.00 | 20 |
2023-08-01 | $196,000 (-12.7%) | $257,897 (-30.3%) | 0.00 | 17 |
Raymondville's median listing price comes in at 0% of the national average.
Raymondville's average listing price for 2023-08-01 was $257,897, a difference of $-112,122 (-30.3%) versus the prior year and $-4,360 versus the prior month.
For the 2023-08-01 period, Raymondville had 17 MLS listings, a difference of -3 listings (-15%) versus the prior month and 1 listings (6%) 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 | 2,061 sqft |
2018-03-01 | 0 days | 1,956 sqft |
2018-04-01 | 0 days | 1,973 sqft |
2018-05-01 | 0 days | 1,898 sqft |
2018-06-01 | 0 days | 1,656 sqft |
2018-07-01 | 0 days | 1,708 sqft |
2018-08-01 | 0 days | 1,612 sqft |
2018-09-01 | 0 days | 1,617 sqft |
2018-10-01 | 0 days | 1,704 sqft |
2018-11-01 | 0 days | 1,617 sqft |
2018-12-01 | 0 days | 1,787 sqft |
2019-01-01 | 0 days | 1,616 sqft |
2019-02-01 | 0 days | 1,621 sqft |
2019-03-01 | 0 days | 1,614 sqft |
2019-04-01 | 0 days | 1,608 sqft |
2019-05-01 | 0 days | 1,618 sqft |
2019-06-01 | 0 days | 1,564 sqft |
2019-07-01 | 0 days | 1,400 sqft |
2019-08-01 | 0 days | 1,505 sqft |
2019-09-01 | 0 days | 1,662 sqft |
2019-10-01 | 0 days | 1,784 sqft |
2019-11-01 | 0 days | 1,919 sqft |
2019-12-01 | 0 days | 1,957 sqft |
2020-01-01 | 0 days | 2,053 sqft |
2020-02-01 | 0 days | 2,007 sqft |
2020-03-01 | 0 days | 1,885 sqft |
2020-04-01 | 0 days | 1,784 sqft |
2020-05-01 | 0 days | 1,784 sqft |
2020-06-01 | 0 days | 1,738 sqft |
2020-07-01 | 0 days | 1,950 sqft |
2020-08-01 | 0 days | 1,977 sqft |
2020-09-01 | 0 days | 2,006 sqft |
2020-10-01 | 0 days | 2,037 sqft |
2020-11-01 | 0 days | 1,997 sqft |
2020-12-01 | 0 days | 2,056 sqft |
2021-01-01 | 0 days | 2,088 sqft |
2021-02-01 | 0 days | 2,056 sqft |
2021-03-01 | 0 days | 1,893 sqft |
2021-04-01 | 0 days | 2,182 sqft |
2021-05-01 | 0 days | 2,278 sqft |
2021-06-01 | 0 days | 1,559 sqft |
2021-07-01 | 0 days | 1,888 sqft |
2021-08-01 | 0 days | 1,685 sqft |
2021-09-01 | 0 days | 1,800 sqft |
2021-10-01 | 0 days | 1,500 sqft |
2021-11-01 | 0 days | 2,409 sqft |
2021-12-01 | 0 days | 2,197 sqft |
2022-01-01 | 0 days | 2,300 sqft |
2022-02-01 | 0 days | 1,784 sqft |
2022-03-01 | 0 days | 1,806 sqft |
2022-04-01 | 0 days | 2,100 sqft |
2022-05-01 | 0 days | 1,926 sqft |
2022-06-01 | 0 days | 1,913 sqft |
2022-07-01 | 0 days | 2,448 sqft |
2022-08-01 | 0 days | 2,281 sqft |
2022-09-01 | 0 days | 2,456 sqft |
2022-10-01 | 0 days | 2,464 sqft |
2022-11-01 | 0 days | 2,464 sqft |
2022-12-01 | 0 days | 1,932 sqft |
2023-01-01 | 0 days | 1,824 sqft |
2023-02-01 | 0 days | 1,670 sqft |
2023-03-01 | 0 days | 1,749 sqft |
2023-04-01 | 0 days | 1,652 sqft |
2023-05-01 | 0 days | 1,694 sqft |
2023-06-01 | 0 days | 1,652 sqft |
2023-07-01 | 0 days | 1,550 sqft |
2023-08-01 | 0 days | 1,550 sqft |
Raymondville's median square footage for active listings during the 2023-08-01 period was 1,550 sqft. One year prior, the average listing was 2,281 sqft.
Raymondville, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 40 | $7,630,000 | $190,750 |
Refi | 16 | $3,530,000 | $220,625 |
Cash Out Refi | 16 | $2,690,000 | $168,125 |
Other | 6 | $550,000 | $91,667 |
Raymondville's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 16 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 21 | $3,845,000 | $183,095 |
4-5% | 18 | $4,170,000 | $231,667 |
3-4% | 12 | $2,710,000 | $225,833 |
6-7% | 10 | $1,620,000 | $162,000 |
2.5-3% | 5 | $965,000 | $193,000 |
Over 8% | 4 | $390,000 | $97,500 |
7-8% | 4 | $270,000 | $67,500 |
<2.5% | 2 | $210,000 | $105,000 |
During 2022, Raymondville's most frequently originated rate bucket was 5-6%, with 21 originations.
Loan Sizing (Raymondville, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 28 | $4,300,000 | $153,571 |
$200k-400k | 26 | $7,240,000 | $278,462 |
$100,000 or less | 21 | $1,415,000 | $67,381 |
$400k-600k | 3 | $1,445,000 | $481,667 |
Raymondville's loan sizing saw the bucket of loans from $100k-200k with 28 originations, totaling $4,300,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 45 | $9,125,000 | $202,778 |
60-80% | 16 | $3,520,000 | $220,000 |
40-60% | 9 | $865,000 | $96,111 |
20-40% | 3 | $265,000 | $88,333 |
Over 100% | 2 | $400,000 | $200,000 |
Under 20% | 1 | $5,000 | $5,000 |
Raymondville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 45 originations, totaling $9,125,000 in origination value.