Rockport Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Rockport averaged
6.99%
for the week of 2024-04-11, compared to the national average of
6.88% for the same period.
The average rate for the prior week (2024-04-04) was
7.13% and
one month ago for the week of 2024-03-07, the
average rate was 6.99%.
Rockport's average rate one year ago was 6.79%.
For refis of the same type during the week of 2024-04-11, the average rate
was 7.38%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-11 | 6.88% |
| Rockport 30 Year Fixed Rate | 2024-04-11 | 6.99% |
| Rockport 30 Year Fixed Rate Refi | 2024-04-11 | 7.38% |
| Rockport 15 Year Fixed Rate | 2024-04-11 | 5.96% |
| Rockport 15 Year Fixed Rate Refi | 2024-04-11 | 6.46% |
| Rockport 30 Year FHA | 2024-04-11 | 6.64% |
| Rockport 30 Year FHA Refi | 2024-04-11 | 6.84% |
| Rockport 30 Year USDA | 2024-04-11 | 6.91% |
| Rockport 30 Year USDA Refi | 2024-04-11 | 6.91% |
| Rockport 30 Year VA | 2024-04-11 | 6.57% |
| Rockport 30 Year VA Refi | 2024-04-11 | 6.67% |
Rockport 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 Rockport, 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.).
Rockport Average Closing Costs & Other Stats
Rockport, TX's 89 lenders originated 562
loans during 2023. The total origination value was $172,210,000, with an average loan value of
$306,423.
Rockport's average closing costs are $6,403.
The top Rockport lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
50 loans originated. Their average total fees are
$9,235, which is $2,406
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Rockport lenders (with over 10 loans originated) are
NAVY ARMY COMMUNITY CREDIT UNION ($4,875), QUICKEN LOANS, LLC ($6,829), GUILD MORTGAGE COMPANY ($9,235), UNITED WHOLESALE MORTGAGE, LLC ($9,565) and .
The lowest rate Rockport lenders (with over 10 loans originated) are
NAVY ARMY COMMUNITY CREDIT UNION (6.86%), QUICKEN LOANS, LLC (6.92%), UNITED WHOLESALE MORTGAGE, LLC (6.96%), GUILD MORTGAGE COMPANY (7.42%) and .
Rockport, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| GUILD MORTGAGE COMPANY | $21,515,000 | $22,105,000 | 2.7% | 12.8% |
| Prosperity Bank | $19,690,000 | $9,150,000 | -53.5% | 5.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,600,000 | $7,710,000 | 67.6% | 4.5% |
| QUICKEN LOANS, LLC | $13,900,000 | $6,680,000 | -51.9% | 3.9% |
| RANDOLPH-BROOKS | $6,025,000 | $5,995,000 | -0.5% | 3.5% |
| NAVY ARMY COMMUNITY CREDIT UNION | $5,070,000 | $5,655,000 | 11.5% | 3.3% |
| CMG MORTGAGE, INC. | $5,155,000 | $4,000,000 | -22.4% | 2.3% |
| NFM, INC. | $3,285,000 | $3,730,000 | 13.5% | 2.2% |
| AMCAP MORTGAGE, LTD. | $1,995,000 | $3,510,000 | 75.9% | 2.0% |
| DHI MORTGAGE COMPANY, LTD. | $2,930,000 | n/a | 1.7% | |
| American Bank | $2,435,000 | $2,865,000 | 17.7% | 1.7% |
| MID AMERICA MORTGAGE, INC. | $1,080,000 | $2,750,000 | 154.6% | 1.6% |
| The Falls City National Bank | $2,690,000 | n/a | 1.6% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,475,000 | $2,535,000 | -27.1% | 1.5% |
| LEGEND LENDING CORPORATION | $1,080,000 | $2,415,000 | 123.6% | 1.4% |
| Broadway National Bank | $2,440,000 | $2,315,000 | -5.1% | 1.3% |
| Mortgage Research Center, LLC | $2,575,000 | $2,275,000 | -11.7% | 1.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,655,000 | $2,275,000 | -14.3% | 1.3% |
| Arbor Realty Trust, Inc. | $2,175,000 | n/a | 1.3% | |
| SECURITY SERVICE | $4,235,000 | $2,135,000 | -49.6% | 1.2% |
| GUARANTEED RATE, INC. | $2,360,000 | $2,120,000 | -10.2% | 1.2% |
| GARDNER FINANCIAL SERVICES, LTD. | $2,110,000 | n/a | 1.2% | |
| FIRST STATE BANK | $2,005,000 | n/a | 1.2% | |
| TEXAS DOW EMPLOYEES CREDIT UNION | $275,000 | $2,005,000 | 629.1% | 1.2% |
| 21ST MORTGAGE CORPORATION | $2,255,000 | $1,975,000 | -12.4% | 1.1% |
| Wells Fargo Bank | $3,800,000 | $1,875,000 | -50.7% | 1.1% |
| DEEPHAVEN MORTGAGE LLC | $1,665,000 | n/a | 1.0% | |
| Independent Bank | $2,150,000 | $1,625,000 | -24.4% | 0.9% |
| LENDINGHOME FUNDING CORPORATION | $1,380,000 | n/a | 0.8% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $2,080,000 | $1,335,000 | -35.8% | 0.8% |
| UNIVERSITY Federal Credit Union | $515,000 | $1,305,000 | 153.4% | 0.8% |
| Citizens Bank | $2,200,000 | $1,295,000 | -41.1% | 0.8% |
| CHARTER BANK | $1,260,000 | n/a | 0.7% | |
| CROSSCOUNTRY MORTGAGE, LLC | $380,000 | $1,240,000 | 226.3% | 0.7% |
| Sunflower Bank | $1,240,000 | n/a | 0.7% | |
| CommunityBank of Texas, N.A. | $1,220,000 | n/a | 0.7% | |
| PILGRIM MORTGAGE LLC | $645,000 | $1,175,000 | 82.2% | 0.7% |
| USAA Federal Savings Bank | $155,000 | $1,075,000 | 593.5% | 0.6% |
| Texas Capital Bank | $1,045,000 | n/a | 0.6% | |
| LOANDEPOT.COM, LLC | $3,135,000 | $1,030,000 | -67.1% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $685,000 | $1,025,000 | 49.6% | 0.6% |
| First Community Bank | $3,575,000 | $1,020,000 | -71.5% | 0.6% |
| Zions Bank | $1,330,000 | $1,010,000 | -24.1% | 0.6% |
| First Financial Bank | $295,000 | $990,000 | 235.6% | 0.6% |
| NATIONS RELIABLE LENDING, LLC | $335,000 | $955,000 | 185.1% | 0.6% |
| Gateway First Bank | $1,240,000 | $800,000 | -35.5% | 0.5% |
| NEWREZ LLC | $420,000 | $800,000 | 90.5% | 0.5% |
| LOANPEOPLE, LLC | $1,090,000 | $770,000 | -29.4% | 0.4% |
| Foundation One Bank | $725,000 | n/a | 0.4% | |
| Jefferson Bank | $3,930,000 | $700,000 | -82.2% | 0.4% |
| Citibank | $655,000 | n/a | 0.4% | |
| American National Bank & Trust | $635,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $1,020,000 | $635,000 | -37.7% | 0.4% |
| GUARANTEED RATE AFFINITY, LLC | $620,000 | n/a | 0.4% | |
| CALCON MUTUAL MORTGAGE LLC | $375,000 | $615,000 | 64.0% | 0.4% |
| North American Savings Bank, F.S.B. | $565,000 | $615,000 | 8.8% | 0.4% |
| TEXELL Credit Union | $610,000 | n/a | 0.4% | |
| Hancock Whitney Bank | $585,000 | n/a | 0.3% | |
| A+ Federal Credit Union | $165,000 | $575,000 | 248.5% | 0.3% |
| HOMETRUST MORTGAGE COMPANY | $575,000 | n/a | 0.3% | |
| WILLOW BEND MORTGAGE COMPANY, LLC | $1,910,000 | $575,000 | -69.9% | 0.3% |
| First Bank | $515,000 | $545,000 | 5.8% | 0.3% |
| NBH Bank | $535,000 | n/a | 0.3% | |
| First Savings Bank | $530,000 | n/a | 0.3% | |
| Flagstar Bank, FSB | $925,000 | $530,000 | -42.7% | 0.3% |
| Frontier Bank of Texas | $530,000 | n/a | 0.3% | |
| MICHIGAN MUTUAL, INC. | $530,000 | n/a | 0.3% | |
| THRIVE MORTGAGE, LLC | $1,050,000 | $530,000 | -49.5% | 0.3% |
| Citadel Servicing Corporation | $975,000 | $485,000 | -50.3% | 0.3% |
| Frost Bank | $160,000 | $480,000 | 200.0% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $125,000 | $475,000 | 280.0% | 0.3% |
| ROYAL UNITED MORTGAGE LLC | $470,000 | n/a | 0.3% | |
| Texas Mortgage Lending, LLC | $265,000 | $460,000 | 73.6% | 0.3% |
| PREMIER LENDING, INC. | $455,000 | n/a | 0.3% | |
| Commerce Home Mortgage, Inc. | $450,000 | n/a | 0.3% | |
| JPMorgan Chase Bank | $2,640,000 | $450,000 | -83.0% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $450,000 | n/a | 0.3% | |
| OPEN MORTGAGE, LLC | $715,000 | $445,000 | -37.8% | 0.3% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $355,000 | $435,000 | 22.5% | 0.3% |
| Farmers Bank & Trust | $435,000 | n/a | 0.3% | |
| Network Funding, L.P. | $435,000 | n/a | 0.3% | |
| BROKER SOLUTIONS, INC. | $280,000 | $430,000 | 53.6% | 0.2% |
| AMERICAN HERITAGE LENDING, INC. | $330,000 | $425,000 | 28.8% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $410,000 | $415,000 | 1.2% | 0.2% |
| Wallick & Volk, Inc. | $410,000 | n/a | 0.2% | |
| Extraco Banks | $405,000 | n/a | 0.2% | |
| First State Bank | $405,000 | n/a | 0.2% | |
| Century Mortgage Company DBA Century Lending Company | $395,000 | n/a | 0.2% | |
| Charles Schwab Bank, SSB | $385,000 | n/a | 0.2% | |
| CORNERSTONE HOME LENDING, INC. | $445,000 | $385,000 | -13.5% | 0.2% |
| NEW FED MORTGAGE, CORP. | $385,000 | n/a | 0.2% | |
| Texas Regional Bank | $385,000 | n/a | 0.2% | |
| Stifel Bank and Trust | $375,000 | n/a | 0.2% | |
| FREEDOM MORTGAGE CORPORATION | $990,000 | $365,000 | -63.1% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $360,000 | n/a | 0.2% | |
| International Bank of Commerce | $795,000 | $360,000 | -54.7% | 0.2% |
| First National Bank in Port Lavaca | $1,680,000 | $355,000 | -78.9% | 0.2% |
| The Central Trust Bank | $355,000 | n/a | 0.2% | |
| COUNTRYPLACE MORTGAGE, LTD. | $225,000 | $345,000 | 53.3% | 0.2% |
| CSL Financial, LLC | $345,000 | n/a | 0.2% | |
| LRS FINANCIAL NETWORK, INC. | $335,000 | n/a | 0.2% | |
| Newfirst National Bank | $335,000 | n/a | 0.2% | |
| OCMBC, INC. | $335,000 | n/a | 0.2% | |
| TrustTexas Bank, SSB | $335,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $255,000 | $330,000 | 29.4% | 0.2% |
| Regions Bank | $830,000 | $325,000 | -60.8% | 0.2% |
| UNITED BUILT HOMES, L.L.C. | $295,000 | $325,000 | 10.2% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $275,000 | $320,000 | 16.4% | 0.2% |
| H E B | $315,000 | n/a | 0.2% | |
| American Mortgage & Equity Consultants, Inc. | $215,000 | $305,000 | 41.9% | 0.2% |
| Neighborhood Loans, Inc. | $300,000 | n/a | 0.2% | |
| Truist | $1,880,000 | $300,000 | -84.0% | 0.2% |
| AMWEST FUNDING CORP. | $295,000 | n/a | 0.2% | |
| SWBC MORTGAGE CORPORATION | $1,515,000 | $290,000 | -80.9% | 0.2% |
| MORTGAGE FINANCIAL SERVICES, LLC | $285,000 | $285,000 | 0.0% | 0.2% |
| TRUWEST Credit Union | $285,000 | n/a | 0.2% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $285,000 | n/a | 0.2% | |
| HOMEXPRESS MORTGAGE CORP. | $955,000 | $275,000 | -71.2% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $270,000 | n/a | 0.2% | |
| WESTSTAR MORTGAGE CORPORATION | $105,000 | $265,000 | 152.4% | 0.2% |
| Morgan Stanley Private Bank | $2,020,000 | $245,000 | -87.9% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $245,000 | n/a | 0.1% | |
| First National Bank of Central Texas | $225,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $225,000 | n/a | 0.1% | |
| AHL FUNDING | $215,000 | n/a | 0.1% | |
| City Bank | $215,000 | n/a | 0.1% | |
| FLAT BRANCH MORTGAGE, INC. | $215,000 | n/a | 0.1% | |
| Texas State Bank | $215,000 | n/a | 0.1% | |
| SouthStar Bank, S.S.B. | $755,000 | $205,000 | -72.8% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $205,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $195,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $895,000 | $185,000 | -79.3% | 0.1% |
| CARDINAL FINANCIAL | $1,885,000 | $185,000 | -90.2% | 0.1% |
| ENVOY MORTGAGE, LTD | $185,000 | n/a | 0.1% | |
| Florida Capital Bank | $345,000 | $185,000 | -46.4% | 0.1% |
| T2 FINANCIAL LLC | $185,000 | n/a | 0.1% | |
| Bank of America | $1,170,000 | $175,000 | -85.0% | 0.1% |
| MidFirst Bank | $165,000 | n/a | 0.1% | |
| Mr. Cooper ( Nationstar Mortgage ) | $1,310,000 | $165,000 | -87.4% | 0.1% |
| Discover Bank | $160,000 | n/a | 0.1% | |
| Classic Bank | $155,000 | n/a | 0.1% | |
| First Federal Bank | $425,000 | $155,000 | -63.5% | 0.1% |
| Texas Gulf Bank | $155,000 | n/a | 0.1% | |
| VELOCITY Credit Union | $145,000 | n/a | 0.1% | |
| Central Bank | $220,000 | $120,000 | -45.5% | 0.1% |
| AUSTIN COUNTY STATE BANK | $105,000 | n/a | 0.1% | |
| HomeBank Texas | $55,000 | $95,000 | 72.7% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $410,000 | $95,000 | -76.8% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $85,000 | $85,000 | 0.0% | 0.0% |
| Crossroads Bank | $725,000 | $75,000 | -89.7% | 0.0% |
| BOKF | $65,000 | n/a | 0.0% | |
| COASTAL COMMUNITY AND TEACHERS Credit Union | $65,000 | n/a | 0.0% | |
| FirstBank | $95,000 | $65,000 | -31.6% | 0.0% |
| First Commercial Bank | $55,000 | n/a | 0.0% | |
| CERTIFIED FUNDING, L.P. | $35,000 | n/a | 0.0% |
Rockport's top lender by overall market share is GUILD MORTGAGE COMPANY, with 12.8% market share. In second place, with 5.3%, is Prosperity Bank, having originated $9,150,000 in loans. In third place, with 4.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $7,710,000 in loans. In fourth place, with 3.9%, is QUICKEN LOANS, LLC, having originated $6,680,000 in loans. In fifth place, with 3.5%, is RANDOLPH-BROOKS, having originated $5,995,000 in loans.
Rockport, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 440 | $143,100,000 | $325,227 |
| Cash Out Refi | 52 | $15,060,000 | $289,615 |
| Refi | 29 | $6,615,000 | $228,103 |
| Other | 24 | $5,070,000 | $211,250 |
| Home Improvement | 17 | $2,365,000 | $139,118 |
Rockport's most frequently cited loan purpose was Home Purchase, with 440 originations. The 2nd most popular reason was Cash Out Refi, with 52 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 188 | $58,310,000 | $310,160 |
| 7-8% | 180 | $55,400,000 | $307,778 |
| Over 8% | 72 | $15,700,000 | $218,056 |
| 5-6% | 69 | $23,995,000 | $347,754 |
| 4-5% | 4 | $1,150,000 | $287,500 |
| <2.5% | 2 | $10,000 | $5,000 |
| 2.5-3% | 1 | $385,000 | $385,000 |
During 2023, Rockport's most frequently originated rate bucket was 6-7%, with 188 originations.
Loan Sizing (Rockport, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 252 | $74,900,000 | $297,222 |
| $100k-200k | 135 | $20,635,000 | $152,852 |
| $400k-600k | 82 | $39,190,000 | $477,927 |
| $100,000 or less | 53 | $3,645,000 | $68,774 |
| $600k-1000k | 32 | $22,680,000 | $708,750 |
| $Over $1MM | 8 | $11,160,000 | $1,395,000 |
Rockport's loan sizing saw the bucket of loans from $200k-400k with 252 originations, totaling $74,900,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 203 | $67,935,000 | $334,655 |
| 60-80% | 176 | $56,950,000 | $323,580 |
| 40-60% | 66 | $19,590,000 | $296,818 |
| 20-40% | 39 | $5,295,000 | $135,769 |
| Under 20% | 18 | $1,660,000 | $92,222 |
| Over 100% | 8 | $2,290,000 | $286,250 |
Rockport's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 203 originations, totaling $67,935,000 in origination value.