Alamogordo Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Alamogordo averaged 6.95% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 7.06% and one month ago for the week of 2024-10-10, the average rate was 6.69%.

    Alamogordo's average rate one year ago was 7.47%.

    For refis of the same type during the week of 2024-11-14, the average rate was 6.68%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Alamogordo 30 Year Fixed Rate 2024-11-14 6.95%
    Alamogordo 30 Year Fixed Rate Refi 2024-11-14 6.68%
    Alamogordo 15 Year Fixed Rate 2024-11-14 6.09%
    Alamogordo 15 Year Fixed Rate Refi 2024-11-14 6.09%
    Alamogordo 30 Year FHA 2024-11-14 -0.2%
    Alamogordo 30 Year FHA Refi 2024-11-14 0.1%
    Alamogordo 30 Year USDA 2024-11-14 -0.1%
    Alamogordo 30 Year USDA Refi 2024-11-14 0%
    Alamogordo 30 Year VA 2024-11-14 -0.1%
    Alamogordo 30 Year VA Refi 2024-11-14 -0.2%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Alamogordo, NM.

    Alamogordo 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 Alamogordo, NM 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Gateway First Bank 31 6.77% $5,516
    MID AMERICA MORTGAGE, INC. 19 6.77% $7,197
    QUICKEN LOANS, LLC 18 6.87% $5,821
    HOMEOWNERS FINANCIAL GROUP USA, LLC 12 7.22% $8,094
    UNITED WHOLESALE MORTGAGE, LLC 10 7.19% $6,092
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.98% $3,737
    Wells Fargo Bank 7 6.86% $5,363
    CMG MORTGAGE, INC. 6 7.08% $6,653
    21ST MORTGAGE CORPORATION 5 7.72% $6,313
    Sierra Pacific Mortgage Company, Inc. 4 6.91% $5,166
    JPMorgan Chase Bank 4 6.63% $5,289
    MUTUAL OF OMAHA MORTGAGE, INC. 4 7.50% $4,528
    Waterstone Mortgage Corporation 4 6.34% $4,817
    Washington Federal Bank 3 6.71% $7,509
    First American Bank 3 6.88% $8,366
    Bank of America 3 7.58% $7,743
    LOANDEPOT.COM, LLC 3 6.96% $5,712
    MANN FINANCIAL INC. 2 7.31% $5,011
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 9.25% $5,593
    BROKER SOLUTIONS, INC. 2 7.63% $5,147
    Armed Forces Bank 2 6.75% $2,435
    GECU 2 7.56% $3,937
    Mortgage Research Center, LLC 2 7.13% $8,544
    Del Norte Credit Union 2 6.38% $4,111
    NUSENDA 2 6.25% $2,773
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.63% $9,718
    HOMESIDE FINANCIAL, LLC 1 7.13% $7,884
    LOANPAL, LLC 1 7.88% $4,204
    MEMBER FIRST MORTGAGE, LLC 1 6.50% $5,175
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $7,974
    MORIA DEVELOPMENT, INC. 1 6.13% $2,746
    Mr. Cooper ( Nationstar Mortgage ) 1 7.63% $5,114
    ALLIANT CREDIT UNION 1 6.13% $3,350
    NBKC BANK 1 7.63% $3,837
    PENNYMAC LOAN SERVICES, LLC 1 6.13% $4,193
    PENTAGON FEDERAL CREDIT UNION 1 5.88% $1,520
    PLAZA HOME MORTGAGE, INC. 1 6.63% $10,214
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.00% $4,737
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.38% $7,056
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.38% $10,044
    ROYAL UNITED MORTGAGE LLC 1 8.13% $3,923
    SANDIA LABORATORY 1 5.38% $1,751
    AMERICA FIRST 1 7.00% $2,598
    Stifel Bank and Trust 1 6.38% $2,183
    Ally Bank 1 5.88% $6,839
    U.S. Bank 1 6.99% $1,958
    BOKF 1 6.88% $3,830
    Chicago Mortgage Solutions LLC 1 5.63% $6,547
    CARDINAL FINANCIAL 1 5.99% $5,600
    City Bank 1 6.88% $5,733
    City National Bank of Florida 1 5.88% $2,623
    BMO Harris Bank 1 6.25% $4,219
    DEEPHAVEN MORTGAGE LLC 1 8.88% $6,657
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.75% $2,651
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $6,193
    Flagstar Bank, FSB 1 6.88% $3,518
    Axos Bank 1 7.00% $15,190
    GENISYS 1 6.88% $2,656
    GUARANTEED RATE, INC. 1 6.63% $3,812
    GUILD MORTGAGE COMPANY 1 8.50% $8,247

    Alamogordo Average Closing Costs & Other Stats

    Alamogordo, NM's 60 lenders originated 859 loans during 2023. The total origination value was $171,115,000, with an average loan value of $199,203.

    Alamogordo's average closing costs are $5,283.

    The top Alamogordo lender as defined by loan originations is Gateway First Bank, with 31 loans originated. Their average total fees are $5,516, which is $1,680 lower than the next largest lender, MID AMERICA MORTGAGE, INC..

    The lowest fee Alamogordo lenders (with over 10 loans originated) are Gateway First Bank ($5,516), QUICKEN LOANS, LLC ($5,821), UNITED WHOLESALE MORTGAGE, LLC ($6,092), MID AMERICA MORTGAGE, INC. ($7,197) and HOMEOWNERS FINANCIAL GROUP USA, LLC ($8,094).

    The lowest rate Alamogordo lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. (6.77%), Gateway First Bank (6.77%), QUICKEN LOANS, LLC (6.87%), UNITED WHOLESALE MORTGAGE, LLC (7.19%) and HOMEOWNERS FINANCIAL GROUP USA, LLC (7.22%).

    Alamogordo, NM 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
    MID AMERICA MORTGAGE, INC. $28,605,000 $21,005,000 -26.6% 12.3%
    Mortgage Research Center, LLC $19,310,000 $17,405,000 -9.9% 10.2%
    Gateway First Bank $23,165,000 $16,430,000 -29.1% 9.6%
    QUICKEN LOANS, LLC $12,670,000 $8,300,000 -34.5% 4.9%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $12,915,000 $7,720,000 -40.2% 4.5%
    CMG MORTGAGE, INC. $6,380,000 $7,515,000 17.8% 4.4%
    UNITED WHOLESALE MORTGAGE, LLC $3,990,000 $6,095,000 52.8% 3.6%
    USAA Federal Savings Bank $5,980,000 $5,995,000 0.3% 3.5%
    NBKC BANK $7,540,000 $5,545,000 -26.5% 3.2%
    21ST MORTGAGE CORPORATION $4,380,000 $4,900,000 11.9% 2.9%
    NAVY FEDERAL CREDIT UNION $7,565,000 $4,690,000 -38.0% 2.7%
    Armed Forces Bank $2,515,000 $3,400,000 35.2% 2.0%
    NUSENDA $160,000 $3,395,000 2,021.9% 2.0%
    First American Bank $1,745,000 $2,990,000 71.3% 1.7%
    Waterstone Mortgage Corporation $1,580,000 $2,785,000 76.3% 1.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $555,000 $2,675,000 382.0% 1.6%
    PENNYMAC LOAN SERVICES, LLC $3,825,000 $2,140,000 -44.1% 1.3%
    Wells Fargo Bank $6,395,000 $1,985,000 -69.0% 1.2%
    First Savings Bank $1,585,000 $1,835,000 15.8% 1.1%
    PENTAGON FEDERAL CREDIT UNION $1,410,000 $1,760,000 24.8% 1.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $2,205,000 $1,730,000 -21.5% 1.0%
    Sierra Pacific Mortgage Company, Inc. $1,515,000 n/a 0.9%
    NEW DAY FINANCIAL, LLC $735,000 $1,350,000 83.7% 0.8%
    FREEDOM MORTGAGE CORPORATION $1,910,000 $1,325,000 -30.6% 0.8%
    MANN FINANCIAL INC. $2,650,000 $1,185,000 -55.3% 0.7%
    Bank of America $1,380,000 $1,150,000 -16.7% 0.7%
    Washington Federal Bank $2,450,000 $1,100,000 -55.1% 0.6%
    BROKER SOLUTIONS, INC. $2,690,000 $1,040,000 -61.3% 0.6%
    WaterStone Bank, SSB $965,000 n/a 0.6%
    AMERISAVE MORTGAGE CORPORATION $3,625,000 $875,000 -75.9% 0.5%
    LOANDEPOT.COM, LLC $3,815,000 $845,000 -77.9% 0.5%
    Sunflower Bank $685,000 $810,000 18.2% 0.5%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $910,000 $805,000 -11.5% 0.5%
    Magnolia Bank $400,000 $795,000 98.8% 0.5%
    Equity Prime Mortgage LLC $185,000 $770,000 316.2% 0.4%
    GECU $805,000 $760,000 -5.6% 0.4%
    LENDINGONE, LLC $185,000 $735,000 297.3% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $360,000 $730,000 102.8% 0.4%
    BNC National Bank $235,000 $680,000 189.4% 0.4%
    ACADEMY MORTGAGE CORPORATION $540,000 $670,000 24.1% 0.4%
    JPMorgan Chase Bank $1,015,000 $660,000 -35.0% 0.4%
    CARDINAL FINANCIAL $1,275,000 $650,000 -49.0% 0.4%
    SOUTHWEST STAGE FUNDING, LLC $225,000 $650,000 188.9% 0.4%
    PLAZA HOME MORTGAGE, INC. $645,000 n/a 0.4%
    Axos Bank $615,000 n/a 0.4%
    Chicago Mortgage Solutions LLC $435,000 $615,000 41.4% 0.4%
    LOANPAL, LLC $1,845,000 $610,000 -66.9% 0.4%
    PLANET HOME LENDING, LLC $7,145,000 $605,000 -91.5% 0.4%
    LIMA ONE CAPITAL, LLC $105,000 $585,000 457.1% 0.3%
    Del Norte Credit Union $580,000 n/a 0.3%
    U.S. Bank $650,000 $575,000 -11.5% 0.3%
    AMCAP MORTGAGE, LTD. $580,000 $525,000 -9.5% 0.3%
    GUILD MORTGAGE COMPANY $1,390,000 $520,000 -62.6% 0.3%
    UNION HOME MORTGAGE CORP. $285,000 $500,000 75.4% 0.3%
    BMO Harris Bank $490,000 n/a 0.3%
    GUARANTEED RATE, INC. $2,040,000 $490,000 -76.0% 0.3%
    Brighton Bank $485,000 n/a 0.3%
    Carrington Mortgage Services, LLC $180,000 $480,000 166.7% 0.3%
    Flagstar Bank, FSB $715,000 $475,000 -33.6% 0.3%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $1,055,000 $465,000 -55.9% 0.3%
    TRIAD FINANCIAL SERVICES, INC. $460,000 n/a 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $1,925,000 $440,000 -77.1% 0.3%
    MOVEMENT MORTGAGE, LLC $285,000 $380,000 33.3% 0.2%
    The Federal Savings Bank $215,000 $335,000 55.8% 0.2%
    HOMEXPRESS MORTGAGE CORP. $330,000 n/a 0.2%
    NEWREZ LLC $310,000 $320,000 3.2% 0.2%
    Western Commerce Bank $135,000 $315,000 133.3% 0.2%
    First Savings Bank $1,585,000 $310,000 -80.4% 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $285,000 n/a 0.2%
    PNC Bank $890,000 $285,000 -68.0% 0.2%
    FIRST COMMUNITY MORTGAGE, INC. $295,000 $280,000 -5.1% 0.2%
    Pioneer Bank $205,000 $275,000 34.1% 0.2%
    BOKF $275,000 $265,000 -3.6% 0.2%
    Citizens Bank $135,000 $265,000 96.3% 0.2%
    HOMETRUST MORTGAGE COMPANY $265,000 n/a 0.2%
    GENISYS $255,000 n/a 0.1%
    VERITAS FUNDING, LLC $255,000 n/a 0.1%
    City Bank $3,235,000 $250,000 -92.3% 0.1%
    AMWEST FUNDING CORP. $215,000 $245,000 14.0% 0.1%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $225,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $660,000 $215,000 -67.4% 0.1%
    MORIA DEVELOPMENT, INC. $210,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $735,000 $210,000 -71.4% 0.1%
    Ally Bank $245,000 $205,000 -16.3% 0.1%
    Ameris Bank $205,000 n/a 0.1%
    TJC Mortgage, Inc. $205,000 n/a 0.1%
    Bank of England $195,000 n/a 0.1%
    AmeriHome Mortgage Company, LLC $185,000 n/a 0.1%
    City National Bank of Florida $185,000 n/a 0.1%
    First Federal Bank $185,000 n/a 0.1%
    NOVA FINANCIAL & INVESTMENT CORPORATION $275,000 $185,000 -32.7% 0.1%
    MOUNTAIN AMERICA $110,000 $175,000 59.1% 0.1%
    LIBERTY HOME MORTGAGE CORPORATION $165,000 n/a 0.1%
    Stifel Bank and Trust $565,000 $165,000 -70.8% 0.1%
    ALLIANT CREDIT UNION $155,000 n/a 0.1%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $155,000 n/a 0.1%
    POLARIS HOME FUNDING CORP. $155,000 n/a 0.1%
    V.I.P. MORTGAGE, INC. $350,000 $155,000 -55.7% 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $145,000 n/a 0.1%
    Discover Bank $90,000 $145,000 61.1% 0.1%
    Service Federal Credit Union $75,000 $145,000 93.3% 0.1%
    Nations Lending Corporation $275,000 $135,000 -50.9% 0.1%
    MEMBER FIRST MORTGAGE, LLC $125,000 n/a 0.1%
    NFM, INC. $125,000 n/a 0.1%
    DRAPER AND KRAMER MORTGAGE CORP. $115,000 n/a 0.1%
    First National Bank Texas $115,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $260,000 $115,000 -55.8% 0.1%
    VAN DYK MORTGAGE CORPORATION $115,000 n/a 0.1%
    DEEPHAVEN MORTGAGE LLC $105,000 n/a 0.1%
    Secured Investment Corp. $410,000 $105,000 -74.4% 0.1%
    Citizens Bank of Las Cruces $1,580,000 $95,000 -94.0% 0.1%
    Figure Lending LLC $390,000 $95,000 -75.6% 0.1%
    AMERICA FIRST $75,000 n/a 0.0%
    FirstLight Federal Credit Union $95,000 $75,000 -21.1% 0.0%
    NATIONWIDE MORTGAGE BANKERS, INC. $75,000 n/a 0.0%
    SANDIA LABORATORY $65,000 n/a 0.0%
    ROYAL UNITED MORTGAGE LLC $85,000 $45,000 -47.1% 0.0%
    Coastal Community Bank $35,000 n/a 0.0%

    Alamogordo's top lender by overall market share is MID AMERICA MORTGAGE, INC., with 12.3% market share. In second place, with 10.2%, is Mortgage Research Center, LLC, having originated $17,405,000 in loans. In third place, with 9.6%, is Gateway First Bank, having originated $16,430,000 in loans. In fourth place, with 4.9%, is QUICKEN LOANS, LLC, having originated $8,300,000 in loans. In fifth place, with 4.5%, is HOMEOWNERS FINANCIAL GROUP USA, LLC, having originated $7,720,000 in loans.

    Alamogordo Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Alamogordo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $178,250 (11.7%) $203,193 (7.9%) 0.00 646
    2018-02-01 $179,375 (12.4%) $204,550 (8.0%) 0.00 636
    2018-03-01 $179,600 (12.3%) $206,979 (5.6%) 0.00 613
    2018-04-01 $183,250 (11.1%) $209,998 (5.7%) 0.00 602
    2018-05-01 $180,000 (9.1%) $211,078 (6.6%) 0.00 589
    2018-06-01 $177,000 (3.0%) $213,520 (1.1%) 0.00 578
    2018-07-01 $178,875 (4.2%) $219,803 (2.7%) 0.00 572
    2018-08-01 $179,700 (5.8%) $223,910 (4.6%) 0.00 569
    2018-09-01 $179,800 (5.8%) $222,914 (4.1%) 0.00 537
    2018-10-01 $179,250 (2.6%) $223,419 (9.5%) 0.00 506
    2018-11-01 $173,574 (-0.5%) $221,456 (11.0%) 0.00 473
    2018-12-01 $174,900 (0.5%) $224,783 (13.4%) 0.00 450
    2019-01-01 $182,450 (2.4%) $230,514 (13.5%) 0.00 425
    2019-02-01 $185,155 (3.2%) $229,014 (12.0%) 0.00 401
    2019-03-01 $190,106 (5.9%) $228,638 (10.5%) 0.00 404
    2019-04-01 $198,000 (8.1%) $229,094 (9.1%) 0.00 422
    2019-05-01 $198,000 (10.0%) $229,142 (8.6%) 0.00 445
    2019-06-01 $194,200 (9.7%) $228,173 (6.9%) 0.00 447
    2019-07-01 $189,950 (6.2%) $227,316 (3.4%) 0.00 447
    2019-08-01 $189,827 (5.6%) $226,965 (1.4%) 0.00 421
    2019-09-01 $189,643 (5.5%) $224,988 (0.9%) 0.00 410
    2019-10-01 $188,725 (5.3%) $221,139 (-1.0%) 0.00 398
    2019-11-01 $178,750 (3.0%) $212,890 (-3.9%) 0.00 389
    2019-12-01 $183,800 (5.1%) $217,780 (-3.1%) 0.00 367
    2020-01-01 $188,150 (3.1%) $219,385 (-4.8%) 0.00 359
    2020-02-01 $198,950 (7.5%) $229,727 (0.3%) 0.00 353
    2020-03-01 $197,375 (3.8%) $229,001 (0.2%) 0.00 329
    2020-04-01 $191,900 (-3.1%) $224,013 (-2.2%) 0.00 319
    2020-05-01 $198,500 (0.3%) $231,280 (0.9%) 0.00 281
    2020-06-01 $208,850 (7.5%) $244,059 (7.0%) 0.00 221
    2020-07-01 $216,200 (13.8%) $245,058 (7.8%) 0.00 198
    2020-08-01 $219,900 (15.8%) $257,050 (13.3%) 0.00 172
    2020-09-01 $219,225 (15.6%) $258,885 (15.1%) 0.00 178
    2020-10-01 $220,000 (16.6%) $285,813 (29.3%) 0.00 174
    2020-11-01 $215,625 (20.6%) $277,890 (30.5%) 0.00 163
    2020-12-01 $217,950 (18.6%) $317,098 (45.6%) 0.00 167
    2021-01-01 $209,450 (11.3%) $309,082 (40.9%) 0.00 164
    2021-02-01 $197,175 (-0.9%) $303,038 (31.9%) 0.00 138
    2021-03-01 $187,150 (-5.2%) $309,051 (35.0%) 0.00 123
    2021-04-01 $201,600 (5.1%) $332,885 (48.6%) 0.00 112
    2021-05-01 $229,850 (15.8%) $351,157 (51.8%) 0.00 115
    2021-06-01 $225,475 (8.0%) $338,535 (38.7%) 0.00 143
    2021-07-01 $239,700 (10.9%) $355,242 (45.0%) 0.00 149
    2021-08-01 $222,500 (1.2%) $366,797 (42.7%) 0.00 150
    2021-09-01 $213,625 (-2.6%) $382,434 (47.7%) 0.00 145
    2021-10-01 $239,250 (8.8%) $397,242 (39.0%) 0.00 136
    2021-11-01 $255,850 (18.7%) $378,293 (36.1%) 0.00 132
    2021-12-01 $267,250 (22.6%) $414,254 (30.6%) 0.00 119
    2022-01-01 $264,950 (26.5%) $386,791 (25.1%) 0.00 107
    2022-02-01 $267,375 (35.6%) $371,089 (22.5%) 0.00 87
    2022-03-01 $288,475 (54.1%) $380,333 (23.1%) 0.00 85
    2022-04-01 $269,000 (33.4%) $416,193 (25.0%) 0.00 98
    2022-05-01 $257,225 (11.9%) $390,462 (11.2%) 0.00 119
    2022-06-01 $266,250 (18.1%) $378,214 (11.7%) 0.00 134
    2022-07-01 $270,000 (12.6%) $358,677 (1.0%) 0.00 160
    2022-08-01 $273,450 (22.9%) $365,389 (-0.4%) 0.00 152
    2022-09-01 $286,000 (33.9%) $372,690 (-2.6%) 0.00 130
    2022-10-01 $284,500 (18.9%) $375,021 (-5.6%) 0.00 131
    2022-11-01 $299,500 (17.1%) $394,317 (4.2%) 0.00 133
    2022-12-01 $299,500 (12.1%) $396,434 (-4.3%) 0.00 135
    2023-01-01 $304,750 (15.0%) $400,508 (3.6%) 0.00 130
    2023-02-01 $316,635 (18.4%) $415,975 (12.1%) 0.00 114
    2023-03-01 $325,225 (12.7%) $413,678 (8.8%) 0.00 112
    2023-04-01 $299,700 (11.4%) $391,887 (-5.8%) 0.00 119
    2023-05-01 $297,075 (15.5%) $371,935 (-4.7%) 0.00 135
    2023-06-01 $334,725 (25.7%) $405,377 (7.2%) 0.00 137
    2023-07-01 $319,350 (18.3%) $386,561 (7.8%) 0.00 148
    2023-08-01 $335,750 (22.8%) $401,771 (10.0%) 0.00 142
    2023-09-01 $319,600 (11.8%) $392,861 (5.4%) 0.00 153
    2023-10-01 $315,000 (10.7%) $392,120 (4.6%) 0.00 166
    2023-11-01 $299,600 (0.0%) $388,351 (-1.5%) 0.00 173
    2023-12-01 $299,000 (-0.2%) $394,834 (-0.4%) 0.00 182
    2024-01-01 $293,450 (-3.7%) $391,045 (-2.4%) 0.00 174
    2024-02-01 $295,650 (-6.6%) $380,322 (-8.6%) 0.00 180
    2024-03-01 $329,720 (1.4%) $393,278 (-4.9%) 0.00 175
    2024-04-01 $328,000 (9.4%) $400,364 (2.2%) 0.00 177
    2024-05-01 $320,008 (7.7%) $375,990 (1.1%) 0.00 195
    2024-06-01 $315,000 (-5.9%) $381,128 (-6.0%) 0.00 241
    2024-07-01 $304,475 (-4.7%) $378,620 (-2.1%) 0.00 240
    2024-08-01 $315,500 (-6.0%) $383,942 (-4.4%) 0.00 251
    2024-09-01 $306,250 (-4.2%) $394,502 (0.4%) 0.00 244
    2024-10-01 $299,325 (-5.0%) $392,918 (0.2%) 0.00 257
    Alamogordo's median listing price for 2024-10-01 was $299,325, a difference of $-15,675 (-5.0%) versus the prior year and $-6,925 versus the prior month.

    Alamogordo's median listing price comes in at 0% of the national average.

    Alamogordo's average listing price for 2024-10-01 was $392,918, a difference of $798 (0.2%) versus the prior year and $-1,584 versus the prior month.

    For the 2024-10-01 period, Alamogordo had 257 MLS listings, a difference of 13 listings (5%) versus the prior month and 91 listings (55%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Alamogordo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,752 sqft
    2018-02-01 0 days 1,750 sqft
    2018-03-01 0 days 1,757 sqft
    2018-04-01 0 days 1,782 sqft
    2018-05-01 0 days 1,793 sqft
    2018-06-01 0 days 1,775 sqft
    2018-07-01 0 days 1,794 sqft
    2018-08-01 0 days 1,812 sqft
    2018-09-01 0 days 1,816 sqft
    2018-10-01 0 days 1,818 sqft
    2018-11-01 0 days 1,814 sqft
    2018-12-01 0 days 1,820 sqft
    2019-01-01 0 days 1,829 sqft
    2019-02-01 0 days 1,840 sqft
    2019-03-01 0 days 1,842 sqft
    2019-04-01 0 days 1,858 sqft
    2019-05-01 0 days 1,851 sqft
    2019-06-01 0 days 1,844 sqft
    2019-07-01 0 days 1,825 sqft
    2019-08-01 0 days 1,818 sqft
    2019-09-01 0 days 1,805 sqft
    2019-10-01 0 days 1,792 sqft
    2019-11-01 0 days 1,777 sqft
    2019-12-01 0 days 1,803 sqft
    2020-01-01 0 days 1,816 sqft
    2020-02-01 0 days 1,853 sqft
    2020-03-01 0 days 1,811 sqft
    2020-04-01 0 days 1,801 sqft
    2020-05-01 0 days 1,800 sqft
    2020-06-01 0 days 1,827 sqft
    2020-07-01 0 days 1,826 sqft
    2020-08-01 0 days 1,875 sqft
    2020-09-01 0 days 1,808 sqft
    2020-10-01 0 days 1,803 sqft
    2020-11-01 0 days 1,785 sqft
    2020-12-01 0 days 1,780 sqft
    2021-01-01 0 days 1,776 sqft
    2021-02-01 0 days 1,767 sqft
    2021-03-01 0 days 1,693 sqft
    2021-04-01 0 days 1,778 sqft
    2021-05-01 0 days 1,936 sqft
    2021-06-01 0 days 1,871 sqft
    2021-07-01 0 days 1,819 sqft
    2021-08-01 0 days 1,786 sqft
    2021-09-01 0 days 1,750 sqft
    2021-10-01 0 days 1,860 sqft
    2021-11-01 0 days 1,794 sqft
    2021-12-01 0 days 1,901 sqft
    2022-01-01 0 days 1,809 sqft
    2022-02-01 0 days 1,801 sqft
    2022-03-01 0 days 1,946 sqft
    2022-04-01 0 days 1,942 sqft
    2022-05-01 0 days 1,824 sqft
    2022-06-01 0 days 1,818 sqft
    2022-07-01 0 days 1,822 sqft
    2022-08-01 0 days 1,854 sqft
    2022-09-01 0 days 1,882 sqft
    2022-10-01 0 days 1,900 sqft
    2022-11-01 0 days 2,005 sqft
    2022-12-01 0 days 2,008 sqft
    2023-01-01 0 days 1,986 sqft
    2023-02-01 0 days 2,019 sqft
    2023-03-01 0 days 1,991 sqft
    2023-04-01 0 days 1,945 sqft
    2023-05-01 0 days 1,865 sqft
    2023-06-01 0 days 1,951 sqft
    2023-07-01 0 days 1,940 sqft
    2023-08-01 0 days 1,971 sqft
    2023-09-01 0 days 1,936 sqft
    2023-10-01 0 days 1,915 sqft
    2023-11-01 0 days 1,900 sqft
    2023-12-01 0 days 1,895 sqft
    2024-01-01 0 days 1,912 sqft
    2024-02-01 0 days 1,907 sqft
    2024-03-01 0 days 1,921 sqft
    2024-04-01 0 days 1,906 sqft
    2024-05-01 0 days 1,871 sqft
    2024-06-01 0 days 1,853 sqft
    2024-07-01 0 days 1,839 sqft
    2024-08-01 0 days 1,848 sqft
    2024-09-01 0 days 1,860 sqft
    2024-10-01 0 days 1,822 sqft
    Alamogordo's median listing age (time on market) for 2024-10-01 was 0 days.

    Alamogordo's median square footage for active listings during the 2024-10-01 period was 1,822 sqft. One year prior, the average listing was 1,915 sqft.

    Alamogordo, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 698 $147,300,000 $211,032
    Cash Out Refi 89 $14,055,000 $157,921
    Refi 29 $4,695,000 $161,897
    Other 27 $2,985,000 $110,556
    Home Improvement 16 $2,080,000 $130,000

    Alamogordo's most frequently cited loan purpose was Home Purchase, with 698 originations. The 2nd most popular reason was Cash Out Refi, with 89 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 349 $75,635,000 $216,719
    7-8% 173 $32,245,000 $186,387
    5-6% 170 $41,290,000 $242,882
    Over 8% 137 $14,085,000 $102,810
    4-5% 8 $2,280,000 $285,000
    3-4% 3 $575,000 $191,667
    2.5-3% 2 $260,000 $130,000
    <2.5% 2 $710,000 $355,000

    During 2023, Alamogordo's most frequently originated rate bucket was 6-7%, with 349 originations.

    Loan Sizing (Alamogordo, NM MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 368 $55,840,000 $151,739
    $200k-400k 306 $84,460,000 $276,013
    $100,000 or less 149 $8,155,000 $54,732
    $400k-600k 23 $10,445,000 $454,130
    $600k-1000k 10 $7,270,000 $727,000
    $Over $1MM 3 $4,945,000 $1,648,333

    Alamogordo's loan sizing saw the bucket of loans from $100k-200k with 368 originations, totaling $55,840,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 473 $101,705,000 $215,021
    60-80% 129 $25,855,000 $200,426
    Over 100% 95 $26,165,000 $275,421
    40-60% 61 $8,685,000 $142,377
    Under 20% 55 $1,195,000 $21,727
    20-40% 28 $2,890,000 $103,214

    Alamogordo's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 473 originations, totaling $101,705,000 in origination value.