Rockport Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Rockport averaged
7.03%
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
7.22% and
one month ago for the week of 2023-08-17, the
average rate was 6.93%.
Rockport's average rate one year ago was 5.96%.
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% |
| Rockport 30 Year Fixed Rate | 2023-09-21 | 7.03% |
| Rockport 30 Year Fixed Rate Refi | 2023-09-21 | 7.79% |
| Rockport 15 Year Fixed Rate | 2023-09-21 | 6.64% |
| Rockport 15 Year Fixed Rate Refi | 2023-09-21 | 6.64% |
| Rockport 30 Year FHA | 2023-09-21 | 7.04% |
| Rockport 30 Year FHA Refi | 2023-09-21 | 7.14% |
| Rockport 30 Year USDA | 2023-09-21 | 7.12% |
| Rockport 30 Year USDA Refi | 2023-09-21 | 6.92% |
| Rockport 30 Year VA | 2023-09-21 | 6.82% |
| Rockport 30 Year VA Refi | 2023-09-21 | 6.82% |
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 129 lenders originated 746
loans during 2022. The total origination value was $242,150,000, with an average loan value of
$324,598.
Rockport's average closing costs are $5,992.
The top Rockport lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
39 loans originated. Their average total fees are
$8,882, which is $351
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Rockport lenders (with over 10 loans originated) are
Prosperity Bank ($4,018), SECURITY SERVICE ($4,394), LOANDEPOT.COM, LLC ($4,612), NAVY ARMY COMMUNITY CREDIT UNION ($5,216) and UNITED WHOLESALE MORTGAGE, LLC ($7,738).
The lowest rate Rockport lenders (with over 10 loans originated) are
SECURITY SERVICE (3.70%), Prosperity Bank (4.20%), CALIBER HOME LOANS, INC. (4.61%), CMG MORTGAGE, INC. (4.73%) and NAVY ARMY COMMUNITY CREDIT UNION (4.77%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| GUILD MORTGAGE COMPANY | $21,530,000 | $21,515,000 | -0.1% | 8.9% |
| Prosperity Bank | $21,335,000 | $19,690,000 | -7.7% | 8.1% |
| QUICKEN LOANS, LLC | $18,725,000 | $13,900,000 | -25.8% | 5.7% |
| CALIBER HOME LOANS, INC. | $10,330,000 | $6,630,000 | -35.8% | 2.7% |
| RANDOLPH-BROOKS | $4,605,000 | $6,025,000 | 30.8% | 2.5% |
| CMG MORTGAGE, INC. | $1,970,000 | $5,155,000 | 161.7% | 2.1% |
| NAVY ARMY COMMUNITY CREDIT UNION | $7,055,000 | $5,070,000 | -28.1% | 2.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $10,190,000 | $4,600,000 | -54.9% | 1.9% |
| SECURITY SERVICE | $4,675,000 | $4,235,000 | -9.4% | 1.7% |
| The Bank of Missouri | $4,065,000 | n/a | 1.7% | |
| Jefferson Bank | $945,000 | $3,930,000 | 315.9% | 1.6% |
| Wells Fargo Bank | $6,370,000 | $3,800,000 | -40.3% | 1.6% |
| First Community Bank | $9,625,000 | $3,575,000 | -62.9% | 1.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,100,000 | $3,475,000 | -15.2% | 1.4% |
| NFM, INC. | $6,315,000 | $3,285,000 | -48.0% | 1.4% |
| LOANDEPOT.COM, LLC | $2,840,000 | $3,135,000 | 10.4% | 1.3% |
| The Bank of San Antonio | $285,000 | $3,125,000 | 996.5% | 1.3% |
| AMPLIFY | $2,235,000 | $2,810,000 | 25.7% | 1.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $4,105,000 | $2,655,000 | -35.3% | 1.1% |
| JPMorgan Chase Bank | $4,660,000 | $2,640,000 | -43.3% | 1.1% |
| Mortgage Research Center, LLC | $2,825,000 | $2,575,000 | -8.8% | 1.1% |
| Broadway National Bank | $1,205,000 | $2,440,000 | 102.5% | 1.0% |
| American Bank | $5,025,000 | $2,435,000 | -51.5% | 1.0% |
| GUARANTEED RATE, INC. | $5,840,000 | $2,360,000 | -59.6% | 1.0% |
| 21ST MORTGAGE CORPORATION | $1,390,000 | $2,255,000 | 62.2% | 0.9% |
| Citizens Bank | $1,865,000 | $2,200,000 | 18.0% | 0.9% |
| Independent Bank | $2,455,000 | $2,150,000 | -12.4% | 0.9% |
| First National Bank | $580,000 | $2,145,000 | 269.8% | 0.9% |
| Security State Bank & Trust | $2,495,000 | $2,115,000 | -15.2% | 0.9% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $2,160,000 | $2,080,000 | -3.7% | 0.9% |
| Morgan Stanley Private Bank | $775,000 | $2,020,000 | 160.6% | 0.8% |
| AMCAP MORTGAGE, LTD. | $2,690,000 | $1,995,000 | -25.8% | 0.8% |
| WILLOW BEND MORTGAGE COMPANY, LLC | $2,365,000 | $1,910,000 | -19.2% | 0.8% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $605,000 | $1,885,000 | 211.6% | 0.8% |
| Truist | $1,425,000 | $1,880,000 | 31.9% | 0.8% |
| ACADEMY MORTGAGE CORPORATION | $815,000 | $1,825,000 | 123.9% | 0.8% |
| Hometown Lenders, Inc. | $1,660,000 | $1,790,000 | 7.8% | 0.7% |
| First National Bank in Port Lavaca | $580,000 | $1,680,000 | 189.7% | 0.7% |
| FUNDLOANS CAPITAL | $1,665,000 | n/a | 0.7% | |
| HOME POINT FINANCIAL CORPORATION | $4,945,000 | $1,660,000 | -66.4% | 0.7% |
| SWBC MORTGAGE CORPORATION | $165,000 | $1,515,000 | 818.2% | 0.6% |
| Third Coast Bank SSB | $1,505,000 | n/a | 0.6% | |
| Northpointe Bank | $1,360,000 | $1,390,000 | 2.2% | 0.6% |
| EVERETT FINANCIAL, INC. | $1,335,000 | n/a | 0.6% | |
| Zions Bancorporation, N.A. | $375,000 | $1,330,000 | 254.7% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,290,000 | $1,310,000 | -42.8% | 0.5% |
| U.S. Bank | $790,000 | $1,310,000 | 65.8% | 0.5% |
| CERTAINTY HOME LOANS, LLC | $895,000 | $1,305,000 | 45.8% | 0.5% |
| Paramount Residential Mortgage Group, Inc. | $1,385,000 | $1,275,000 | -7.9% | 0.5% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,635,000 | $1,250,000 | -23.5% | 0.5% |
| Gateway First Bank | $8,505,000 | $1,240,000 | -85.4% | 0.5% |
| Bank of America | $1,975,000 | $1,170,000 | -40.8% | 0.5% |
| LOANPEOPLE, LLC | $1,090,000 | n/a | 0.5% | |
| AMERISAVE MORTGAGE CORPORATION | $1,565,000 | $1,085,000 | -30.7% | 0.4% |
| LEGEND LENDING CORPORATION | $1,080,000 | n/a | 0.4% | |
| MID AMERICA MORTGAGE, INC. | $445,000 | $1,080,000 | 142.7% | 0.4% |
| DIRECTIONS EQUITY, LLC | $185,000 | $1,060,000 | 473.0% | 0.4% |
| THRIVE MORTGAGE, LLC | $2,905,000 | $1,050,000 | -63.9% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $2,545,000 | $1,020,000 | -59.9% | 0.4% |
| BARTON CREEK LENDING GROUP, LLC | $560,000 | $1,005,000 | 79.5% | 0.4% |
| BAY EQUITY LLC | $720,000 | $990,000 | 37.5% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $4,130,000 | $990,000 | -76.0% | 0.4% |
| Citadel Servicing Corporation | $975,000 | n/a | 0.4% | |
| HOMEXPRESS MORTGAGE CORP. | $955,000 | n/a | 0.4% | |
| Flagstar Bank, FSB | $3,955,000 | $925,000 | -76.6% | 0.4% |
| Carrington Mortgage Services, LLC | $320,000 | $915,000 | 185.9% | 0.4% |
| AmeriHome Mortgage Company, LLC | $770,000 | $895,000 | 16.2% | 0.4% |
| SYNERGY FEDERAL CREDIT UNION | $670,000 | $895,000 | 33.6% | 0.4% |
| Allegiance Bank | $875,000 | n/a | 0.4% | |
| UMB Bank | $845,000 | n/a | 0.3% | |
| PNC Bank | $830,000 | n/a | 0.3% | |
| Regions Bank | $850,000 | $830,000 | -2.4% | 0.3% |
| ANGEL OAK HOME LOANS LLC | $305,000 | $810,000 | 165.6% | 0.3% |
| International Bank of Commerce | $1,290,000 | $795,000 | -38.4% | 0.3% |
| UBS Bank USA | $780,000 | n/a | 0.3% | |
| BancorpSouth Bank | $935,000 | $765,000 | -18.2% | 0.3% |
| SouthStar Bank, S.S.B. | $755,000 | n/a | 0.3% | |
| Crossroads Bank | $725,000 | n/a | 0.3% | |
| Kleberg Bank, N.A | $1,350,000 | $725,000 | -46.3% | 0.3% |
| OPEN MORTGAGE, LLC | $715,000 | n/a | 0.3% | |
| Amerifirst Financial, Inc. | $700,000 | n/a | 0.3% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $3,165,000 | $695,000 | -78.0% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $1,700,000 | $685,000 | -59.7% | 0.3% |
| KELLER MORTGAGE, LLC | $315,000 | $670,000 | 112.7% | 0.3% |
| RB MORTGAGE LLC | $670,000 | n/a | 0.3% | |
| TEXAS TECH | $225,000 | $650,000 | 188.9% | 0.3% |
| OAKTREE FUNDING CORP. | $645,000 | n/a | 0.3% | |
| PILGRIM MORTGAGE LLC | $345,000 | $645,000 | 87.0% | 0.3% |
| The Bank & Trust | $640,000 | n/a | 0.3% | |
| SFMC, LP | $430,000 | $635,000 | 47.7% | 0.3% |
| LEADERONE FINANCIAL CORPORATION | $600,000 | n/a | 0.2% | |
| SENTE MORTGAGE, INC. | $500,000 | $595,000 | 19.0% | 0.2% |
| UNION HOME MORTGAGE CORP. | $595,000 | n/a | 0.2% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $725,000 | $590,000 | -18.6% | 0.2% |
| GULF COAST | $235,000 | $570,000 | 142.6% | 0.2% |
| North American Savings Bank, F.S.B. | $830,000 | $565,000 | -31.9% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $995,000 | $560,000 | -43.7% | 0.2% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $525,000 | n/a | 0.2% | |
| First Bank | $515,000 | n/a | 0.2% | |
| UNIVERSITY Federal Credit Union | $85,000 | $515,000 | 505.9% | 0.2% |
| The First National Bank of Sonora | $505,000 | n/a | 0.2% | |
| The Moody National Bank | $785,000 | $505,000 | -35.7% | 0.2% |
| ASPIRE FINANCIAL, INC. | $560,000 | $500,000 | -10.7% | 0.2% |
| IMPAC MORTGAGE CORP. | $480,000 | n/a | 0.2% | |
| LOANPAL, LLC | $225,000 | $475,000 | 111.1% | 0.2% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $225,000 | $460,000 | 104.4% | 0.2% |
| CORNERSTONE HOME LENDING, INC. | $3,400,000 | $445,000 | -86.9% | 0.2% |
| First Federal Bank | $425,000 | n/a | 0.2% | |
| Nations Lending Corporation | $75,000 | $420,000 | 460.0% | 0.2% |
| NEWREZ LLC | $3,005,000 | $420,000 | -86.0% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $565,000 | $410,000 | -27.4% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $345,000 | $410,000 | 18.8% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $125,000 | $410,000 | 228.0% | 0.2% |
| BRAZOS VALLEY SCHOOLS | $390,000 | n/a | 0.2% | |
| CROSSCOUNTRY MORTGAGE, LLC | $370,000 | $380,000 | 2.7% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $375,000 | n/a | 0.2% | |
| SIRVA MORTGAGE, INC. | $375,000 | n/a | 0.2% | |
| First Guaranty Mortgage Corporation | $370,000 | n/a | 0.2% | |
| HOME FINANCING UNLIMITED, INC. | $1,315,000 | $365,000 | -72.2% | 0.2% |
| Wyndham Capital Mortgage, Inc. | $890,000 | $365,000 | -59.0% | 0.2% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $265,000 | $355,000 | 34.0% | 0.1% |
| CHEVRON | $345,000 | n/a | 0.1% | |
| Florida Capital Bank | $345,000 | n/a | 0.1% | |
| Origin Bank | $345,000 | n/a | 0.1% | |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $335,000 | n/a | 0.1% | |
| NATIONS RELIABLE LENDING, LLC | $155,000 | $335,000 | 116.1% | 0.1% |
| Prosperity Home Mortgage, LLC | $335,000 | n/a | 0.1% | |
| AMERICAN HERITAGE LENDING, INC. | $330,000 | n/a | 0.1% | |
| FBC MORTGAGE, LLC | $305,000 | $325,000 | 6.6% | 0.1% |
| BECKAM FUNDING CORP. | $315,000 | n/a | 0.1% | |
| Quontic Bank | $315,000 | n/a | 0.1% | |
| SUMMIT FUNDING, INC. | $315,000 | n/a | 0.1% | |
| GUARANTY HOME MORTGAGE CORPORATION | $305,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $225,000 | $305,000 | 35.6% | 0.1% |
| BETTER MORTGAGE CORPORATION | $1,525,000 | $300,000 | -80.3% | 0.1% |
| First Financial Bank | $580,000 | $295,000 | -49.1% | 0.1% |
| GENEVA FINANCIAL, LLC | $295,000 | n/a | 0.1% | |
| UNITED BUILT HOMES, L.L.C. | $205,000 | $295,000 | 43.9% | 0.1% |
| MORTGAGE FINANCIAL SERVICES, LLC | $415,000 | $285,000 | -31.3% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $285,000 | n/a | 0.1% | |
| R Bank | $285,000 | n/a | 0.1% | |
| RESIDENTIAL BANCORP. | $285,000 | n/a | 0.1% | |
| BROKER SOLUTIONS, INC. | $1,675,000 | $280,000 | -83.3% | 0.1% |
| TEXAS DOW EMPLOYEES CREDIT UNION | $1,665,000 | $275,000 | -83.5% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $340,000 | $275,000 | -19.1% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $265,000 | n/a | 0.1% | |
| Texas Mortgage Lending, LLC | $85,000 | $265,000 | 211.8% | 0.1% |
| Chicago Mortgage Solutions LLC | $460,000 | $255,000 | -44.6% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $990,000 | $255,000 | -74.2% | 0.1% |
| NexBank | $235,000 | n/a | 0.1% | |
| NTFN, INC. | $135,000 | $235,000 | 74.1% | 0.1% |
| Watermark Capital, Inc. | $355,000 | $235,000 | -33.8% | 0.1% |
| COUNTRYPLACE MORTGAGE, LTD. | $355,000 | $225,000 | -36.6% | 0.1% |
| Central Bank | $220,000 | n/a | 0.1% | |
| AMERICAN INTERNET MORTGAGE, INC. | $215,000 | n/a | 0.1% | |
| American Mortgage & Equity Consultants, Inc. | $215,000 | n/a | 0.1% | |
| CANOPY MORTGAGE, LLC | $215,000 | n/a | 0.1% | |
| Generations Community Federal Credit Union | $205,000 | n/a | 0.1% | |
| Low VA Rates, LLC | $400,000 | $205,000 | -48.8% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $205,000 | n/a | 0.1% | |
| Citizens 1st Bank | $195,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $195,000 | n/a | 0.1% | |
| Encompass Lending Group, LP | $185,000 | n/a | 0.1% | |
| A+ Federal Credit Union | $550,000 | $165,000 | -70.0% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $335,000 | $165,000 | -50.7% | 0.1% |
| STAR ONE CREDIT UNION | $165,000 | n/a | 0.1% | |
| Truity Federal Credit Union | $165,000 | n/a | 0.1% | |
| Frost Bank | $650,000 | $160,000 | -75.4% | 0.1% |
| Arvest Bank | $155,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $1,630,000 | $155,000 | -90.5% | 0.1% |
| REVERSE MORTGAGE FUNDING LLC | $290,000 | $145,000 | -50.0% | 0.1% |
| Stride Bank | $145,000 | n/a | 0.1% | |
| FINANCE OF AMERICA MORTGAGE LLC | $770,000 | $135,000 | -82.5% | 0.1% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $505,000 | $135,000 | -73.3% | 0.1% |
| LIBERTY HOME MORTGAGE CORPORATION | $135,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $125,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $125,000 | n/a | 0.1% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,715,000 | $125,000 | -92.7% | 0.1% |
| MEMBER HOME LOAN, L.L.C. | $115,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $105,000 | n/a | 0.0% | |
| WESTSTAR MORTGAGE CORPORATION | $195,000 | $105,000 | -46.2% | 0.0% |
| FirstBank | $95,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $175,000 | $95,000 | -45.7% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $240,000 | $85,000 | -64.6% | 0.0% |
| HomeBank Texas | $55,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $105,000 | $35,000 | -66.7% | 0.0% |
Rockport's top lender by overall market share is GUILD MORTGAGE COMPANY, with 8.9% market share. In second place, with 8.1%, is Prosperity Bank, having originated $19,690,000 in loans. In third place, with 5.7%, is QUICKEN LOANS, LLC, having originated $13,900,000 in loans. In fourth place, with 2.7%, is CALIBER HOME LOANS, INC., having originated $6,630,000 in loans. In fifth place, with 2.5%, is RANDOLPH-BROOKS, having originated $6,025,000 in loans.
Rockport, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 529 | $185,265,000 | $350,217 |
| Cash Out Refi | 105 | $24,195,000 | $230,429 |
| Refi | 79 | $24,675,000 | $312,342 |
| Other | 19 | $5,315,000 | $279,737 |
| Home Improvement | 12 | $1,770,000 | $147,500 |
| NA | 2 | $930,000 | $465,000 |
Rockport's most frequently cited loan purpose was Home Purchase, with 529 originations. The 2nd most popular reason was Cash Out Refi, with 105 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 185 | $56,005,000 | $302,730 |
| 4-5% | 155 | $49,755,000 | $321,000 |
| 3-4% | 142 | $55,640,000 | $391,831 |
| 6-7% | 99 | $27,615,000 | $278,939 |
| 2.5-3% | 42 | $13,030,000 | $310,238 |
| 7-8% | 30 | $6,470,000 | $215,667 |
| Over 8% | 29 | $7,905,000 | $272,586 |
| <2.5% | 19 | $5,355,000 | $281,842 |
During 2022, Rockport's most frequently originated rate bucket was 5-6%, with 185 originations.
Loan Sizing (Rockport, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 329 | $94,895,000 | $288,435 |
| $100k-200k | 181 | $27,445,000 | $151,630 |
| $400k-600k | 101 | $48,235,000 | $477,574 |
| $600k-1000k | 65 | $48,805,000 | $750,846 |
| $100,000 or less | 57 | $4,165,000 | $73,070 |
| $Over $1MM | 13 | $18,605,000 | $1,431,154 |
Rockport's loan sizing saw the bucket of loans from $200k-400k with 329 originations, totaling $94,895,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 270 | $86,700,000 | $321,111 |
| 60-80% | 252 | $94,360,000 | $374,444 |
| 40-60% | 112 | $29,000,000 | $258,929 |
| 20-40% | 42 | $7,480,000 | $178,095 |
| Under 20% | 14 | $1,070,000 | $76,429 |
| Over 100% | 7 | $1,975,000 | $282,143 |
Rockport's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 270 originations, totaling $86,700,000 in origination value.