Compare Today’s Mortgage Rates in Mercedes, Texas 78570
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Mercedes, Texas 78570.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Mercedes, Texas 78570. For a 30-year fixed loan, our calculations show that you can expect to save up to $3,315 over the lifetime of your mortgage, which translates to a monthly savings of $9 in Mercedes and other areas of Hidalgo county.
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Summary of Average Mortgages in Mercedes, Texas 78570
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Mercedes, Texas 78570
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Mercedes, TX 78570. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Mercedes, Texas 78570 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Mercedes, Texas and around Hidalgo county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed mortgage | 92.79% | 87.38% | 88.11% | 85.73% | 86.62% | 82.91% | 80.29% | 82.74% | 76.60% |
avg mortgage rate | 6.55% | 4.67% | 3.13% | 3.61% | 4.64% | 4.88% | 4.43% | 4.14% | 4.26% |
% 15 year fixed mortgage | 6.47% | 9.18% | 9.76% | 11.86% | 10.66% | 14.09% | 15.51% | 14.68% | 20.48% |
avg mortgage rate | 5.81% | 3.72% | 2.56% | 3.13% | 4.04% | 4.14% | 3.67% | 3.37% | 3.56% |
Avg credit score | 750.21 | 747.59 | 754.00 | 748.00 | 743.93 | 741.12 | 740.29 | 740.22 | 739.48 |
Avg LTV (loan to value) | 82.89% | 83.46% | 85.34% | 85.29% | 84.33% | 83.41% | 83.93% | 84.21% | 84.08% |
Avg DTI (debt to income) | 36.90 | 36.31 | 35.41 | 35.40 | 35.21 | 35.89 | 35.66 | 34.39 | 33.77 |
% First time homebuyer | 41.29% | 36.11% | 35.36% | 36.48% | 37.41% | 33.43% | 35.40% | 38.49% | 40.69% |
Avg mortgage insurance % | 14.44% | 14.05% | 16.49% | 15.61% | 15.02% | 13.37% | 13.91% | 14.80% | 13.00% |
Best Mortgage Brokers around Mercedes, Texas 78570
For those searching for a new home in Mercedes, we have compiled a list of the top mortgage brokers located in and around Mercedes, Texas 78570 to assist you with your search.
Name
Address
Contact
Jalisco Payment Center
Fm 1015
Mercedes TX 78570
(956) 565-6470
Texan Credit Corporation
369 N Texas Ave
Mercedes TX 78570
(956) 825-7000
http://texancredit.com
Loans To Go
141 N Texas Ave
Mercedes TX 78570
(956) 514-9900
http://www.atlascredit.com/
World Acceptance
336 N Texas Ave
Mercedes TX 78570
(956) 514-1150
http://www.worldacceptance.com/
Atlas Credit Co.
129 N Texas Ave
Mercedes TX 78570
(956) 514-9900
brandon@atlascredit.com
Address
Fm 1015
Mercedes TX
Contact
(956) 565-6470
Address
369 N Texas Ave
Mercedes TX
Contact
(956) 825-7000
http://texancredit.com
Address
141 N Texas Ave
Mercedes TX
Contact
(956) 514-9900
http://www.atlascredit.com/