Sweetwater Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Sweetwater averaged
7.09%
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
7.44% and
one month ago for the week of 2023-10-19, the
average rate was 7.43%.
Sweetwater's average rate one year ago was 6.41%.
For refis of the same type during the week of 2023-11-22, the average rate
was 7.79%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-22 | 7.29% |
Sweetwater 30 Year Fixed Rate | 2023-11-22 | 7.09% |
Sweetwater 30 Year Fixed Rate Refi | 2023-11-22 | 7.79% |
Sweetwater 15 Year Fixed Rate | 2023-11-22 | 6.67% |
Sweetwater 15 Year Fixed Rate Refi | 2023-11-22 | 6.77% |
Sweetwater 30 Year FHA | 2023-11-22 | 0.2% |
Sweetwater 30 Year FHA Refi | 2023-11-22 | 0% |
Sweetwater 30 Year USDA | 2023-11-22 | 0.1% |
Sweetwater 30 Year USDA Refi | 2023-11-22 | -0.2% |
Sweetwater 30 Year VA | 2023-11-22 | 0% |
Sweetwater 30 Year VA Refi | 2023-11-22 | 0.1% |
Sweetwater 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 Sweetwater, 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 |
---|---|---|---|
First Financial Bank | 15 | 6.00% | $4,092 |
Flagstar Bank, FSB | 9 | 5.63% | $6,009 |
QUICKEN LOANS, LLC | 4 | 5.62% | $10,789 |
City Bank | 4 | 5.00% | $4,606 |
LOANPAL, LLC | 2 | 5.25% | $10,173 |
UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.25% | $5,047 |
CARDINAL FINANCIAL | 2 | 5.75% | $11,962 |
GUARANTEED RATE, INC. | 1 | 4.38% | $4,217 |
Affiliated Bank | 1 | 4.63% | $4,685 |
LOANDEPOT.COM, LLC | 1 | 4.88% | $4,866 |
ML Mortgage Corp. | 1 | 4.00% | $5,803 |
NFM, INC. | 1 | 6.00% | $6,845 |
Northpointe Bank | 1 | 3.63% | $10,421 |
PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 5.88% | $4,080 |
Prosperity Bank | 1 | 3.25% | $3,864 |
ROYAL UNITED MORTGAGE LLC | 1 | 6.50% | $6,775 |
SUCCESS MORTGAGE PARTNERS, INC. | 1 | 5.99% | $3,311 |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | 1 | 3.88% | $3,894 |
AmeriHome Mortgage Company, LLC | 1 | 3.50% | $3,857 |
CALIBER HOME LOANS, INC. | 1 | 3.13% | $6,755 |
Citizens Bank | 1 | 6.00% | $3,636 |
CORNERSTONE HOME LENDING, INC. | 1 | 6.60% | $3,627 |
Education Credit Union | 1 | 6.00% | $4,498 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 5.38% | $4,867 |
Sweetwater Average Closing Costs & Other Stats
Sweetwater, TX's 24 lenders originated 170
loans during 2022. The total origination value was $24,800,000, with an average loan value of
$145,882.
Sweetwater's average closing costs are $6,799.
The top Sweetwater lender as defined by loan originations is First Financial Bank, with
15 loans originated. Their average total fees are
$4,092, which is $1,917
lower than the next largest lender,
Flagstar Bank, FSB.
The lowest fee Sweetwater lenders (with over 10 loans originated) are
First Financial Bank ($4,092), .
The lowest rate Sweetwater lenders (with over 10 loans originated) are
First Financial Bank (6.00%), .
Sweetwater, 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 |
---|---|---|---|---|
First Financial Bank | $11,655,000 | $7,665,000 | -34.2% | 30.9% |
Flagstar Bank, FSB | $2,995,000 | $2,755,000 | -8.0% | 11.1% |
QUICKEN LOANS, LLC | $3,655,000 | $1,615,000 | -55.8% | 6.5% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $730,000 | $1,410,000 | 93.2% | 5.7% |
LOANPAL, LLC | $1,000,000 | n/a | 4.0% | |
Mortgage Research Center, LLC | $1,430,000 | $745,000 | -47.9% | 3.0% |
City Bank | $715,000 | $530,000 | -25.9% | 2.1% |
USAA Federal Savings Bank | $645,000 | $510,000 | -20.9% | 2.1% |
FIRST NATIONAL BANK OF WEATHERFORD | $460,000 | n/a | 1.9% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $270,000 | $425,000 | 57.4% | 1.7% |
CORNERSTONE HOME LENDING, INC. | $405,000 | n/a | 1.6% | |
LRS FINANCIAL NETWORK, INC. | $865,000 | $375,000 | -56.6% | 1.5% |
SUCCESS MORTGAGE PARTNERS, INC. | $360,000 | n/a | 1.5% | |
First Bank & Trust | $250,000 | $340,000 | 36.0% | 1.4% |
FREEDOM MORTGAGE CORPORATION | $1,590,000 | $330,000 | -79.2% | 1.3% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $125,000 | $330,000 | 164.0% | 1.3% |
GUARANTEED RATE, INC. | $705,000 | $320,000 | -54.6% | 1.3% |
ML Mortgage Corp. | $305,000 | n/a | 1.2% | |
Northpointe Bank | $305,000 | n/a | 1.2% | |
Gateway First Bank | $1,015,000 | $290,000 | -71.4% | 1.2% |
ABILENE TEACHERS Federal Credit Union | $140,000 | $270,000 | 92.9% | 1.1% |
UNITED WHOLESALE MORTGAGE, LLC | $175,000 | $250,000 | 42.9% | 1.0% |
MID AMERICA MORTGAGE, INC. | $160,000 | $215,000 | 34.4% | 0.9% |
Prosperity Bank | $65,000 | $215,000 | 230.8% | 0.9% |
21ST MORTGAGE CORPORATION | $470,000 | $210,000 | -55.3% | 0.8% |
AMCAP MORTGAGE, LTD. | $95,000 | $205,000 | 115.8% | 0.8% |
COMMUNITIES OF ABILENE FEDERAL CREDIT UNION | $65,000 | $200,000 | 207.7% | 0.8% |
TEXAS TECH | $175,000 | n/a | 0.7% | |
Citizens Bank | $145,000 | $165,000 | 13.8% | 0.7% |
Republic State Mortgage Co. | $780,000 | $165,000 | -78.8% | 0.7% |
LOANDEPOT.COM, LLC | $510,000 | $155,000 | -69.6% | 0.6% |
Affiliated Bank | $145,000 | n/a | 0.6% | |
Alliance Credit Union | $145,000 | n/a | 0.6% | |
BROKER SOLUTIONS, INC. | $145,000 | n/a | 0.6% | |
CALIBER HOME LOANS, INC. | $1,050,000 | $145,000 | -86.2% | 0.6% |
Mr. Cooper ( Nationstar Mortgage ) | $245,000 | $145,000 | -40.8% | 0.6% |
NATIONS RELIABLE LENDING, LLC | $145,000 | n/a | 0.6% | |
NFM, INC. | $145,000 | n/a | 0.6% | |
SWBC MORTGAGE CORPORATION | $575,000 | $145,000 | -74.8% | 0.6% |
Bank of America | $125,000 | n/a | 0.5% | |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $385,000 | $125,000 | -67.5% | 0.5% |
JPMorgan Chase Bank | $125,000 | $125,000 | 0.0% | 0.5% |
EVERETT FINANCIAL, INC. | $105,000 | n/a | 0.4% | |
LAKEVIEW LOAN SERVICING, LLC | $165,000 | $105,000 | -36.4% | 0.4% |
AmeriHome Mortgage Company, LLC | $85,000 | n/a | 0.3% | |
AMERISAVE MORTGAGE CORPORATION | $195,000 | $85,000 | -56.4% | 0.3% |
ROYAL UNITED MORTGAGE LLC | $125,000 | $85,000 | -32.0% | 0.3% |
Education Credit Union | $65,000 | n/a | 0.3% | |
The First National Bank of Albany | $35,000 | n/a | 0.1% |
Sweetwater's top lender by overall market share is First Financial Bank, with 30.9% market share. In second place, with 11.1%, is Flagstar Bank, FSB, having originated $2,755,000 in loans. In third place, with 6.5%, is QUICKEN LOANS, LLC, having originated $1,615,000 in loans. In fourth place, with 5.7%, is CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP, having originated $1,410,000 in loans. In fifth place, with 4.0%, is LOANPAL, LLC, having originated $1,000,000 in loans.
Sweetwater Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Sweetwater (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 | $122,250 (10.0%) | $152,034 (2.8%) | 0.00 | 60 |
2018-02-01 | $121,250 (11.2%) | $160,913 (11.6%) | 0.00 | 57 |
2018-03-01 | $120,000 (9.6%) | $159,393 (11.9%) | 0.00 | 60 |
2018-04-01 | $109,725 (4.8%) | $176,636 (21.8%) | 0.00 | 61 |
2018-05-01 | $115,250 (15.8%) | $189,565 (36.8%) | 0.00 | 70 |
2018-06-01 | $98,000 (-14.5%) | $187,915 (39.6%) | 0.00 | 71 |
2018-07-01 | $118,200 (-5.4%) | $183,825 (28.1%) | 0.00 | 69 |
2018-08-01 | $115,925 (-10.5%) | $185,574 (31.3%) | 0.00 | 68 |
2018-09-01 | $114,900 (-13.2%) | $192,307 (34.2%) | 0.00 | 68 |
2018-10-01 | $116,700 (-10.3%) | $187,545 (27.8%) | 0.00 | 69 |
2018-11-01 | $121,225 (-3.9%) | $198,060 (40.3%) | 0.00 | 55 |
2018-12-01 | $121,950 (6.1%) | $202,626 (39.6%) | 0.00 | 58 |
2019-01-01 | $123,900 (1.4%) | $207,107 (36.2%) | 0.00 | 56 |
2019-02-01 | $116,225 (-4.1%) | $191,260 (18.9%) | 0.00 | 56 |
2019-03-01 | $116,500 (-2.9%) | $168,734 (5.9%) | 0.00 | 56 |
2019-04-01 | $115,625 (5.4%) | $138,848 (-21.4%) | 0.00 | 60 |
2019-05-01 | $125,450 (8.9%) | $134,122 (-29.3%) | 0.00 | 59 |
2019-06-01 | $134,000 (36.7%) | $146,921 (-21.8%) | 0.00 | 52 |
2019-07-01 | $132,750 (12.3%) | $141,177 (-23.2%) | 0.00 | 55 |
2019-08-01 | $129,700 (11.9%) | $136,100 (-26.7%) | 0.00 | 56 |
2019-09-01 | $127,000 (10.5%) | $133,163 (-30.8%) | 0.00 | 54 |
2019-10-01 | $125,200 (7.3%) | $135,517 (-27.7%) | 0.00 | 52 |
2019-11-01 | $124,500 (2.7%) | $136,231 (-31.2%) | 0.00 | 43 |
2019-12-01 | $120,000 (-1.6%) | $142,315 (-29.8%) | 0.00 | 40 |
2020-01-01 | $130,500 (5.3%) | $146,499 (-29.3%) | 0.00 | 43 |
2020-02-01 | $133,450 (14.8%) | $154,855 (-19.0%) | 0.00 | 41 |
2020-03-01 | $140,000 (20.2%) | $305,246 (80.9%) | 0.00 | 42 |
2020-04-01 | $153,000 (32.3%) | $306,679 (120.9%) | 0.00 | 41 |
2020-05-01 | $154,250 (23.0%) | $344,813 (157.1%) | 0.00 | 36 |
2020-06-01 | $155,750 (16.2%) | $356,117 (142.4%) | 0.00 | 35 |
2020-07-01 | $148,000 (11.5%) | $363,807 (157.7%) | 0.00 | 35 |
2020-08-01 | $137,500 (6.0%) | $322,566 (137.0%) | 0.00 | 40 |
2020-09-01 | $136,875 (7.8%) | $333,911 (150.8%) | 0.00 | 39 |
2020-10-01 | $138,700 (10.8%) | $337,500 (149.1%) | 0.00 | 40 |
2020-11-01 | $141,175 (13.4%) | $356,105 (161.4%) | 0.00 | 37 |
2020-12-01 | $138,725 (15.6%) | $360,651 (153.4%) | 0.00 | 35 |
2021-01-01 | $137,200 (5.1%) | $370,844 (153.1%) | 0.00 | 33 |
2021-02-01 | $145,850 (9.3%) | $192,095 (24.1%) | 0.00 | 31 |
2021-03-01 | $122,104 (-12.8%) | $169,309 (-44.5%) | 0.00 | 27 |
2021-04-01 | $127,725 (-16.5%) | $184,749 (-39.8%) | 0.00 | 25 |
2021-05-01 | $130,450 (-15.4%) | $160,150 (-53.6%) | 0.00 | 32 |
2021-06-01 | $128,700 (-17.4%) | $157,914 (-55.7%) | 0.00 | 32 |
2021-07-01 | $149,950 (1.3%) | $173,315 (-52.4%) | 0.00 | 26 |
2021-08-01 | $153,750 (11.8%) | $183,980 (-43.0%) | 0.00 | 32 |
2021-09-01 | $157,250 (14.9%) | $182,651 (-45.3%) | 0.00 | 35 |
2021-10-01 | $162,900 (17.5%) | $175,144 (-48.1%) | 0.00 | 33 |
2021-11-01 | $143,250 (1.5%) | $157,769 (-55.7%) | 0.00 | 27 |
2021-12-01 | $141,500 (2.0%) | $153,212 (-57.5%) | 0.00 | 29 |
2022-01-01 | $136,250 (-0.7%) | $153,533 (-58.6%) | 0.00 | 28 |
2022-02-01 | $134,500 (-7.8%) | $183,082 (-4.7%) | 0.00 | 29 |
2022-03-01 | $125,100 (2.5%) | $178,060 (5.2%) | 0.00 | 31 |
2022-04-01 | $115,750 (-9.4%) | $247,750 (34.1%) | 0.00 | 31 |
2022-05-01 | $126,850 (-2.8%) | $249,069 (55.5%) | 0.00 | 33 |
2022-06-01 | $162,850 (26.5%) | $249,754 (58.2%) | 0.00 | 39 |
2022-07-01 | $111,950 (-25.3%) | $219,227 (26.5%) | 0.00 | 48 |
2022-08-01 | $166,624 (8.4%) | $217,017 (18.0%) | 0.00 | 48 |
2022-09-01 | $157,000 (-0.2%) | $219,083 (20.0%) | 0.00 | 49 |
2022-10-01 | $152,450 (-6.4%) | $209,073 (19.4%) | 0.00 | 48 |
2022-11-01 | $135,750 (-5.2%) | $199,337 (26.4%) | 0.00 | 52 |
2022-12-01 | $149,900 (5.9%) | $202,701 (32.3%) | 0.00 | 53 |
2023-01-01 | $147,750 (8.4%) | $205,257 (33.7%) | 0.00 | 44 |
2023-02-01 | $141,500 (5.2%) | $224,332 (22.5%) | 0.00 | 48 |
2023-03-01 | $141,725 (13.3%) | $242,037 (35.9%) | 0.00 | 45 |
2023-04-01 | $115,000 (-0.7%) | $219,844 (-11.3%) | 0.00 | 47 |
2023-05-01 | $132,000 (4.1%) | $213,885 (-14.1%) | 0.00 | 52 |
2023-06-01 | $130,500 (-19.9%) | $221,539 (-11.3%) | 0.00 | 55 |
2023-07-01 | $125,000 (11.7%) | $219,067 (-0.1%) | 0.00 | 49 |
2023-08-01 | $149,700 (-10.2%) | $237,964 (9.7%) | 0.00 | 60 |
2023-09-01 | $149,000 (-5.1%) | $240,500 (9.8%) | 0.00 | 64 |
2023-10-01 | $151,750 (-0.5%) | $233,589 (11.7%) | 0.00 | 69 |
Sweetwater's median listing price comes in at 0% of the national average.
Sweetwater's average listing price for 2023-10-01 was $233,589, a difference of $24,516 (11.7%) versus the prior year and $-6,911 versus the prior month.
For the 2023-10-01 period, Sweetwater had 69 MLS listings, a difference of 5 listings (8%) versus the prior month and 21 listings (44%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sweetwater (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,892 sqft |
2018-02-01 | 0 days | 1,784 sqft |
2018-03-01 | 0 days | 1,775 sqft |
2018-04-01 | 0 days | 1,737 sqft |
2018-05-01 | 0 days | 1,764 sqft |
2018-06-01 | 0 days | 1,716 sqft |
2018-07-01 | 0 days | 1,686 sqft |
2018-08-01 | 0 days | 1,704 sqft |
2018-09-01 | 0 days | 1,715 sqft |
2018-10-01 | 0 days | 1,732 sqft |
2018-11-01 | 0 days | 1,727 sqft |
2018-12-01 | 0 days | 1,732 sqft |
2019-01-01 | 0 days | 1,762 sqft |
2019-02-01 | 0 days | 1,762 sqft |
2019-03-01 | 0 days | 1,776 sqft |
2019-04-01 | 0 days | 1,788 sqft |
2019-05-01 | 0 days | 1,820 sqft |
2019-06-01 | 0 days | 1,855 sqft |
2019-07-01 | 0 days | 1,937 sqft |
2019-08-01 | 0 days | 1,881 sqft |
2019-09-01 | 0 days | 1,847 sqft |
2019-10-01 | 0 days | 1,807 sqft |
2019-11-01 | 0 days | 1,804 sqft |
2019-12-01 | 0 days | 1,820 sqft |
2020-01-01 | 0 days | 1,812 sqft |
2020-02-01 | 0 days | 1,800 sqft |
2020-03-01 | 0 days | 1,859 sqft |
2020-04-01 | 0 days | 1,984 sqft |
2020-05-01 | 0 days | 2,047 sqft |
2020-06-01 | 0 days | 2,238 sqft |
2020-07-01 | 0 days | 2,228 sqft |
2020-08-01 | 0 days | 2,287 sqft |
2020-09-01 | 0 days | 2,364 sqft |
2020-10-01 | 0 days | 2,359 sqft |
2020-11-01 | 0 days | 2,334 sqft |
2020-12-01 | 0 days | 2,146 sqft |
2021-01-01 | 0 days | 2,170 sqft |
2021-02-01 | 0 days | 1,957 sqft |
2021-03-01 | 0 days | 1,780 sqft |
2021-04-01 | 0 days | 1,839 sqft |
2021-05-01 | 0 days | 1,672 sqft |
2021-06-01 | 0 days | 1,665 sqft |
2021-07-01 | 0 days | 1,828 sqft |
2021-08-01 | 0 days | 1,975 sqft |
2021-09-01 | 0 days | 1,886 sqft |
2021-10-01 | 0 days | 1,872 sqft |
2021-11-01 | 0 days | 1,932 sqft |
2021-12-01 | 0 days | 1,920 sqft |
2022-01-01 | 0 days | 1,913 sqft |
2022-02-01 | 0 days | 1,902 sqft |
2022-03-01 | 0 days | 1,815 sqft |
2022-04-01 | 0 days | 1,513 sqft |
2022-05-01 | 0 days | 1,630 sqft |
2022-06-01 | 0 days | 1,593 sqft |
2022-07-01 | 0 days | 1,520 sqft |
2022-08-01 | 0 days | 1,614 sqft |
2022-09-01 | 0 days | 1,639 sqft |
2022-10-01 | 0 days | 1,644 sqft |
2022-11-01 | 0 days | 1,654 sqft |
2022-12-01 | 0 days | 1,716 sqft |
2023-01-01 | 0 days | 1,654 sqft |
2023-02-01 | 0 days | 1,613 sqft |
2023-03-01 | 0 days | 1,532 sqft |
2023-04-01 | 0 days | 1,508 sqft |
2023-05-01 | 0 days | 1,404 sqft |
2023-06-01 | 0 days | 1,613 sqft |
2023-07-01 | 0 days | 1,659 sqft |
2023-08-01 | 0 days | 1,652 sqft |
2023-09-01 | 0 days | 1,673 sqft |
2023-10-01 | 0 days | 1,784 sqft |
Sweetwater's median square footage for active listings during the 2023-10-01 period was 1,784 sqft. One year prior, the average listing was 1,644 sqft.
Sweetwater, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 112 | $18,010,000 | $160,804 |
Cash Out Refi | 36 | $4,280,000 | $118,889 |
Refi | 11 | $1,695,000 | $154,091 |
Home Improvement | 9 | $695,000 | $77,222 |
Other | 2 | $120,000 | $60,000 |
Sweetwater's most frequently cited loan purpose was Home Purchase, with 112 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 47 | $6,285,000 | $133,723 |
4-5% | 33 | $5,415,000 | $164,091 |
6-7% | 31 | $4,995,000 | $161,129 |
3-4% | 29 | $4,855,000 | $167,414 |
7-8% | 14 | $1,730,000 | $123,571 |
Over 8% | 5 | $325,000 | $65,000 |
2.5-3% | 3 | $255,000 | $85,000 |
<2.5% | 3 | $445,000 | $148,333 |
During 2022, Sweetwater's most frequently originated rate bucket was 5-6%, with 47 originations.
Loan Sizing (Sweetwater, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 81 | $11,735,000 | $144,877 |
$100,000 or less | 55 | $3,415,000 | $62,091 |
$200k-400k | 31 | $8,135,000 | $262,419 |
$400k-600k | 3 | $1,515,000 | $505,000 |
Sweetwater's loan sizing saw the bucket of loans from $100k-200k with 81 originations, totaling $11,735,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 91 | $14,865,000 | $163,352 |
60-80% | 43 | $6,115,000 | $142,209 |
40-60% | 18 | $2,140,000 | $118,889 |
20-40% | 10 | $600,000 | $60,000 |
Over 100% | 2 | $280,000 | $140,000 |
Sweetwater's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 91 originations, totaling $14,865,000 in origination value.