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 6.93% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.26% and one month ago for the week of 2023-02-09, the average rate was 6.65%.

    Alamogordo's average rate one year ago was 3.84%.

    For refis of the same type during the week of 2023-03-16, the average rate was 7.24%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Alamogordo 30 Year Fixed Rate 2023-03-16 6.93%
    Alamogordo 30 Year Fixed Rate Refi 2023-03-16 7.24%
    Alamogordo 15 Year Fixed Rate 2023-03-16 6.59%
    Alamogordo 15 Year Fixed Rate Refi 2023-03-16 6.4%
    Alamogordo 30 Year FHA 2023-03-16 6.3%
    Alamogordo 30 Year FHA Refi 2023-03-16 6.45%
    Alamogordo 30 Year USDA 2023-03-16 6.38%
    Alamogordo 30 Year VA 2023-03-16 6.28%
    Alamogordo 30 Year VA Refi 2023-03-16 5.94%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Gateway First Bank 39 5.14% $5,165
    QUICKEN LOANS, LLC 33 5.28% $6,287
    MID AMERICA MORTGAGE, INC. 28 5.29% $5,928
    Wells Fargo Bank 24 4.85% $4,742
    HOMEOWNERS FINANCIAL GROUP USA, LLC 20 5.42% $4,686
    City Bank 12 4.79% $6,530
    AMERISAVE MORTGAGE CORPORATION 7 4.57% $6,862
    First American Bank 7 4.64% $3,444
    LOANDEPOT.COM, LLC 6 4.33% $6,400
    UNITED WHOLESALE MORTGAGE, LLC 6 4.66% $5,120
    MANN FINANCIAL INC. 5 6.55% $7,438
    Citizens Bank of Las Cruces 5 5.20% $4,647
    BROKER SOLUTIONS, INC. 5 5.85% $5,730
    GUILD MORTGAGE COMPANY 4 4.56% $5,512
    Armed Forces Bank 4 6.19% $5,260
    NBKC BANK 4 5.41% $4,441
    Bank of America 4 5.22% $2,835
    Mortgage Research Center, LLC 4 5.94% $7,868
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.09% $9,184
    Mr. Cooper ( Nationstar Mortgage ) 3 4.67% $8,291
    BETTER MORTGAGE CORPORATION 3 4.46% $3,145
    Waterstone Mortgage Corporation 3 5.96% $6,642
    CMG MORTGAGE, INC. 3 4.58% $5,538
    21ST MORTGAGE CORPORATION 3 6.77% $6,187
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 4.71% $6,068
    GUARANTEED RATE, INC. 3 4.75% $4,841
    HOMESIDE FINANCIAL, LLC 2 5.18% $5,382
    AMERICAN FINANCING CORPORATION 2 4.75% $6,301
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.12% $3,420
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.49% $5,107
    FREEDOM MORTGAGE CORPORATION 2 5.56% $7,116
    GECU 2 6.00% $3,051
    JPMorgan Chase Bank 2 6.06% $4,240
    KELLER MORTGAGE, LLC 2 3.31% $1,594
    LAKEVIEW LOAN SERVICING, LLC 2 6.63% $5,312
    LOANPAL, LLC 2 3.62% $3,649
    NAVY FEDERAL CREDIT UNION 2 6.50% $4,887
    NEWREZ LLC 2 3.68% $3,910
    PENNYMAC LOAN SERVICES, LLC 2 5.44% $7,965
    PNC Bank 2 6.50% $3,267
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.06% $5,267
    TEXAS TECH 2 5.00% $6,270
    USAA Federal Savings Bank 2 5.69% $4,770
    U.S. Bank 2 4.50% $2,757
    Washington Federal Bank 2 4.63% $3,842
    KeyBank 1 2.63% $5,811
    The Central Trust Bank 1 4.50% $1,789
    City National Bank 1 2.62% $3,848
    Truist 1 5.13% $4,937
    Loan Simple, Inc. 1 5.50% $5,365
    Citizens Bank 1 6.13% $5,634
    Merchants Bank 1 3.90% $3,890
    CERTAINTY HOME LOANS, LLC 1 3.88% $5,755
    CALIBER HOME LOANS, INC. 1 4.30% $9,767
    MOUNTAIN AMERICA 1 5.63% $4,300
    CALCON MUTUAL MORTGAGE LLC 1 4.13% $4,190
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $2,217
    UNION HOME MORTGAGE CORP. 1 7.13% $8,122
    NBH Bank 1 4.00% $6,770
    BancorpSouth Bank 1 3.88% $4,119
    Ally Bank 1 4.75% $3,420
    NexBank 1 3.38% $2,739
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 4.13% $12,036
    Paramount Residential Mortgage Group, Inc. 1 4.75% $9,825
    ACADEMY MORTGAGE CORPORATION 1 4.88% $3,079
    PENTAGON FEDERAL CREDIT UNION 1 7.63% $1,461
    PLANET HOME LENDING, LLC 1 4.63% $5,586
    Alliance Credit Union 1 5.38% $5,469
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 4.88% $11,990
    Financial Funding Solutions, Inc. 1 4.99% $11,121
    FARMERS INSURANCE GROUP FEDERAL CREDIT UNION 1 5.25% $4,044
    Flagstar Bank, FSB 1 3.90% $3,584
    Flanagan State Bank 1 3.75% $3,503
    V.I.P. MORTGAGE, INC. 1 6.12% $4,912
    Extraco Banks 1 6.50% $5,600
    Amerifirst Financial, Inc. 1 3.63% $5,658
    GENEVA FINANCIAL, LLC 1 7.50% $6,348
    Goldwater Bank, N.A. 1 4.00% $4,869
    EVERETT FINANCIAL, INC. 1 4.13% $2,012
    DELMAR FINANCIAL COMPANY 1 5.63% $2,707
    CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $6,191
    CORNERSTONE HOME LENDING, INC. 1 3.75% $2,996
    SUN AMERICAN MORTGAGE COMPANY 1 6.13% $8,179
    Wallick & Volk, Inc. 1 4.13% $4,985

    Alamogordo Average Closing Costs & Other Stats

    Alamogordo, NM's 84 lenders originated 1,220 loans during 2022. The total origination value was $232,000,000, with an average loan value of $190,164.

    Alamogordo's average closing costs are $5,020.

    The top Alamogordo lender as defined by loan originations is Gateway First Bank, with 39 loans originated. Their average total fees are $5,165, which is $1,122 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Alamogordo lenders (with over 10 loans originated) are HOMEOWNERS FINANCIAL GROUP USA, LLC ($4,686), Wells Fargo Bank ($4,742), Gateway First Bank ($5,165), MID AMERICA MORTGAGE, INC. ($5,928) and QUICKEN LOANS, LLC ($6,287).

    The lowest rate Alamogordo lenders (with over 10 loans originated) are City Bank (4.79%), Wells Fargo Bank (4.85%), Gateway First Bank (5.14%), QUICKEN LOANS, LLC (5.28%) and MID AMERICA MORTGAGE, INC. (5.29%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    MID AMERICA MORTGAGE, INC. $36,240,000 $28,605,000 -21.1% 12.3%
    Gateway First Bank $34,730,000 $23,165,000 -33.3% 10.0%
    Mortgage Research Center, LLC $18,000,000 $19,310,000 7.3% 8.3%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $12,915,000 n/a 5.6%
    QUICKEN LOANS, LLC $31,480,000 $12,670,000 -59.8% 5.5%
    NAVY FEDERAL CREDIT UNION $11,835,000 $7,565,000 -36.1% 3.3%
    NBKC BANK $5,610,000 $7,540,000 34.4% 3.3%
    PLANET HOME LENDING, LLC $1,830,000 $7,145,000 290.4% 3.1%
    Wells Fargo Bank $7,430,000 $6,395,000 -13.9% 2.8%
    CMG MORTGAGE, INC. $7,465,000 $6,380,000 -14.5% 2.8%
    USAA Federal Savings Bank $11,140,000 $5,980,000 -46.3% 2.6%
    21ST MORTGAGE CORPORATION $2,755,000 $4,380,000 59.0% 1.9%
    UNITED WHOLESALE MORTGAGE, LLC $4,360,000 $3,990,000 -8.5% 1.7%
    PENNYMAC LOAN SERVICES, LLC $8,865,000 $3,825,000 -56.9% 1.6%
    LOANDEPOT.COM, LLC $4,885,000 $3,815,000 -21.9% 1.6%
    AMERISAVE MORTGAGE CORPORATION $4,065,000 $3,625,000 -10.8% 1.6%
    City Bank $4,090,000 $3,235,000 -20.9% 1.4%
    BROKER SOLUTIONS, INC. $4,195,000 $2,690,000 -35.9% 1.2%
    MANN FINANCIAL INC. $1,830,000 $2,650,000 44.8% 1.1%
    Armed Forces Bank $115,000 $2,515,000 2,087.0% 1.1%
    Washington Federal Bank $580,000 $2,450,000 322.4% 1.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $620,000 $2,205,000 255.6% 1.0%
    GUARANTEED RATE, INC. $23,215,000 $2,040,000 -91.2% 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $1,215,000 $1,925,000 58.4% 0.8%
    FREEDOM MORTGAGE CORPORATION $15,365,000 $1,910,000 -87.6% 0.8%
    LOANPAL, LLC $2,920,000 $1,845,000 -36.8% 0.8%
    First American Bank $3,595,000 $1,745,000 -51.5% 0.8%
    First Savings Bank $105,000 $1,585,000 1,409.5% 0.7%
    Citizens Bank of Las Cruces $1,685,000 $1,580,000 -6.2% 0.7%
    Waterstone Mortgage Corporation $1,620,000 $1,580,000 -2.5% 0.7%
    PENTAGON FEDERAL CREDIT UNION $1,220,000 $1,410,000 15.6% 0.6%
    GUILD MORTGAGE COMPANY $135,000 $1,390,000 929.6% 0.6%
    Bank of America $515,000 $1,380,000 168.0% 0.6%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,095,000 $1,275,000 16.4% 0.5%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $1,410,000 $1,055,000 -25.2% 0.5%
    JPMorgan Chase Bank $1,225,000 $1,015,000 -17.1% 0.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $1,770,000 $910,000 -48.6% 0.4%
    PNC Bank $480,000 $890,000 85.4% 0.4%
    GECU $805,000 n/a 0.3%
    TEXAS TECH $790,000 n/a 0.3%
    NEW DAY FINANCIAL, LLC $2,520,000 $735,000 -70.8% 0.3%
    VILLAGE CAPITAL MORTGAGE $3,325,000 $735,000 -77.9% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $2,445,000 $730,000 -70.1% 0.3%
    Flagstar Bank, FSB $705,000 $715,000 1.4% 0.3%
    Sunflower Bank $1,430,000 $685,000 -52.1% 0.3%
    CHURCHILL MORTGAGE CORPORATION $680,000 $660,000 -2.9% 0.3%
    BETTER MORTGAGE CORPORATION $1,190,000 $655,000 -45.0% 0.3%
    U.S. Bank $1,030,000 $650,000 -36.9% 0.3%
    CHERRY CREEK MORTGAGE, LLC $640,000 n/a 0.3%
    DAS Acquisition Company, LLC $3,110,000 $640,000 -79.4% 0.3%
    Bank of Colorado $615,000 n/a 0.3%
    AMERICAN FINANCING CORPORATION $490,000 $610,000 24.5% 0.3%
    Paramount Residential Mortgage Group, Inc. $165,000 $610,000 269.7% 0.3%
    BancorpSouth Bank $590,000 n/a 0.3%
    AMCAP MORTGAGE, LTD. $780,000 $580,000 -25.6% 0.3%
    Stifel Bank and Trust $430,000 $565,000 31.4% 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $650,000 $555,000 -14.6% 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $595,000 $545,000 -8.4% 0.2%
    ACADEMY MORTGAGE CORPORATION $95,000 $540,000 468.4% 0.2%
    KELLER MORTGAGE, LLC $300,000 $540,000 80.0% 0.2%
    First United Bank and Trust Company $515,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $1,570,000 $490,000 -68.8% 0.2%
    Commerce Home Mortgage, Inc. $115,000 $470,000 308.7% 0.2%
    LEGACY MORTGAGE LLC $470,000 n/a 0.2%
    Chicago Mortgage Solutions LLC $435,000 n/a 0.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $285,000 $430,000 50.9% 0.2%
    IMPAC MORTGAGE CORP. $410,000 n/a 0.2%
    Secured Investment Corp. $410,000 n/a 0.2%
    Magnolia Bank $490,000 $400,000 -18.4% 0.2%
    Financial Funding Solutions, Inc. $395,000 n/a 0.2%
    GENEVA FINANCIAL, LLC $395,000 n/a 0.2%
    Figure Lending LLC $135,000 $390,000 188.9% 0.2%
    Truist $165,000 $370,000 124.2% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $850,000 $360,000 -57.6% 0.2%
    North American Savings Bank, F.S.B. $2,365,000 $355,000 -85.0% 0.2%
    V.I.P. MORTGAGE, INC. $350,000 n/a 0.2%
    AMERICAN INTERNET MORTGAGE, INC. $480,000 $345,000 -28.1% 0.1%
    KeyBank $345,000 n/a 0.1%
    SUN AMERICAN MORTGAGE COMPANY $345,000 n/a 0.1%
    The Central Trust Bank $205,000 $335,000 63.4% 0.1%
    EVERETT FINANCIAL, INC. $245,000 $330,000 34.7% 0.1%
    First Western Trust Bank $225,000 $330,000 46.7% 0.1%
    CALCON MUTUAL MORTGAGE LLC $325,000 n/a 0.1%
    AMERICAN ADVISORS GROUP $390,000 $320,000 -17.9% 0.1%
    FLAT BRANCH MORTGAGE, INC. $315,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $245,000 $315,000 28.6% 0.1%
    NEWREZ LLC $1,285,000 $310,000 -75.9% 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $500,000 $295,000 -41.0% 0.1%
    Flanagan State Bank $285,000 n/a 0.1%
    MOVEMENT MORTGAGE, LLC $960,000 $285,000 -70.3% 0.1%
    UNION HOME MORTGAGE CORP. $535,000 $285,000 -46.7% 0.1%
    BOKF $385,000 $275,000 -28.6% 0.1%
    First National Bank $275,000 n/a 0.1%
    Nations Lending Corporation $275,000 n/a 0.1%
    NOVA FINANCIAL & INVESTMENT CORPORATION $1,065,000 $275,000 -74.2% 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $275,000 $265,000 -3.6% 0.1%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $265,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $280,000 $260,000 -7.1% 0.1%
    City National Bank $255,000 n/a 0.1%
    NBH Bank $95,000 $255,000 168.4% 0.1%
    FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $250,000 n/a 0.1%
    Ally Bank $795,000 $245,000 -69.2% 0.1%
    BNC National Bank $305,000 $235,000 -23.0% 0.1%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $225,000 n/a 0.1%
    SOUTHWEST STAGE FUNDING, LLC $185,000 $225,000 21.6% 0.1%
    AMWEST FUNDING CORP. $215,000 n/a 0.1%
    HOMESTEAD FUNDING CORP. $215,000 n/a 0.1%
    The Federal Savings Bank $560,000 $215,000 -61.6% 0.1%
    Amerifirst Financial, Inc. $205,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $1,920,000 $205,000 -89.3% 0.1%
    CERTAINTY HOME LOANS, LLC $205,000 n/a 0.1%
    Goldwater Bank, N.A. $105,000 $205,000 95.2% 0.1%
    Merchants Bank $205,000 n/a 0.1%
    Pioneer Bank $345,000 $205,000 -40.6% 0.1%
    Loan Simple, Inc. $645,000 $195,000 -69.8% 0.1%
    Wallick & Volk, Inc. $190,000 n/a 0.1%
    Equity Prime Mortgage LLC $185,000 n/a 0.1%
    INTERCAP LENDING INC. $270,000 $185,000 -31.5% 0.1%
    LENDINGONE, LLC $185,000 n/a 0.1%
    Old National Bank $185,000 n/a 0.1%
    Wyndham Capital Mortgage, Inc. $1,570,000 $185,000 -88.2% 0.1%
    Carrington Mortgage Services, LLC $1,250,000 $180,000 -85.6% 0.1%
    Alliance Credit Union $175,000 n/a 0.1%
    NUSENDA $150,000 $160,000 6.7% 0.1%
    Extraco Banks $155,000 n/a 0.1%
    LONGBRIDGE FINANCIAL, LLC $155,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $1,230,000 $155,000 -87.4% 0.1%
    CLEARPATH LENDING $1,895,000 $145,000 -92.3% 0.1%
    ZILLOW HOME LOANS, LLC $145,000 n/a 0.1%
    Citizens Bank $135,000 n/a 0.1%
    Western Commerce Bank $135,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $125,000 n/a 0.1%
    MOUNTAIN AMERICA $110,000 n/a 0.0%
    LIMA ONE CAPITAL, LLC $115,000 $105,000 -8.7% 0.0%
    CORNERSTONE HOME LENDING, INC. $155,000 $95,000 -38.7% 0.0%
    FirstLight Federal Credit Union $215,000 $95,000 -55.8% 0.0%
    Discover Bank $55,000 $90,000 63.6% 0.0%
    DELMAR FINANCIAL COMPANY $85,000 n/a 0.0%
    First New Mexico Bank, Las Cruces $90,000 $85,000 -5.6% 0.0%
    ROYAL UNITED MORTGAGE LLC $150,000 $85,000 -43.3% 0.0%
    Security State Bank & Trust $75,000 n/a 0.0%
    Service Federal Credit Union $75,000 n/a 0.0%
    Kirtland Federal Credit Union $15,000 $45,000 200.0% 0.0%
    NexBank $45,000 n/a 0.0%
    HIWAY $25,000 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 10.0%, is Gateway First Bank, having originated $23,165,000 in loans. In third place, with 8.3%, is Mortgage Research Center, LLC, having originated $19,310,000 in loans. In fourth place, with 5.6%, is HOMEOWNERS FINANCIAL GROUP USA, LLC, having originated $12,915,000 in loans. In fifth place, with 5.5%, is QUICKEN LOANS, LLC, having originated $12,670,000 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 $179,250 (12.3%) $205,228 (8.3%) 0.00 647
    2018-02-01 $179,500 (12.3%) $206,641 (8.1%) 0.00 637
    2018-03-01 $179,900 (12.5%) $209,347 (5.9%) 0.00 613
    2018-04-01 $184,350 (11.8%) $212,412 (6.1%) 0.00 602
    2018-05-01 $181,250 (9.7%) $213,512 (7.0%) 0.00 589
    2018-06-01 $179,000 (4.2%) $216,327 (6.4%) 0.00 579
    2018-07-01 $182,000 (5.2%) $222,872 (8.1%) 0.00 573
    2018-08-01 $180,700 (6.4%) $226,969 (10.0%) 0.00 570
    2018-09-01 $180,000 (5.4%) $225,336 (9.5%) 0.00 537
    2018-10-01 $179,350 (2.5%) $224,389 (9.0%) 0.00 503
    2018-11-01 $173,975 (-0.4%) $223,035 (10.7%) 0.00 471
    2018-12-01 $175,000 (0.4%) $227,590 (13.8%) 0.00 452
    2019-01-01 $182,500 (1.8%) $232,348 (13.2%) 0.00 427
    2019-02-01 $185,660 (3.4%) $230,894 (11.7%) 0.00 403
    2019-03-01 $191,363 (6.4%) $230,487 (10.1%) 0.00 407
    2019-04-01 $199,000 (8.0%) $230,861 (8.7%) 0.00 425
    2019-05-01 $198,375 (9.5%) $230,317 (7.9%) 0.00 446
    2019-06-01 $194,500 (8.7%) $229,862 (6.3%) 0.00 449
    2019-07-01 $190,000 (4.4%) $229,007 (2.8%) 0.00 449
    2019-08-01 $189,918 (5.1%) $234,614 (3.4%) 0.00 424
    2019-09-01 $189,795 (5.4%) $241,502 (7.2%) 0.00 413
    2019-10-01 $188,850 (5.3%) $232,386 (3.6%) 0.00 400
    2019-11-01 $179,800 (3.4%) $212,890 (-4.6%) 0.00 389
    2019-12-01 $183,800 (5.0%) $217,780 (-4.3%) 0.00 367
    2020-01-01 $188,150 (3.1%) $219,385 (-5.6%) 0.00 359
    2020-02-01 $198,950 (7.2%) $229,727 (-0.5%) 0.00 353
    2020-03-01 $197,375 (3.1%) $229,001 (-0.6%) 0.00 329
    2020-04-01 $191,900 (-3.6%) $224,013 (-3.0%) 0.00 319
    2020-05-01 $198,500 (0.1%) $231,280 (0.4%) 0.00 281
    2020-06-01 $208,850 (7.4%) $244,059 (6.2%) 0.00 221
    2020-07-01 $216,200 (13.8%) $245,058 (7.0%) 0.00 198
    2020-08-01 $219,900 (15.8%) $257,050 (9.6%) 0.00 172
    2020-09-01 $219,225 (15.5%) $258,885 (7.2%) 0.00 178
    2020-10-01 $220,000 (16.5%) $285,813 (23.0%) 0.00 174
    2020-11-01 $215,625 (19.9%) $277,890 (30.5%) 0.00 163
    2020-12-01 $215,700 (17.4%) $316,831 (45.5%) 0.00 167
    2021-01-01 $204,700 (8.8%) $308,509 (40.6%) 0.00 163
    2021-02-01 $195,750 (-1.6%) $302,232 (31.6%) 0.00 137
    2021-03-01 $187,100 (-5.2%) $309,687 (35.2%) 0.00 121
    2021-04-01 $201,600 (5.1%) $334,121 (49.2%) 0.00 110
    2021-05-01 $229,850 (15.8%) $352,441 (52.4%) 0.00 113
    2021-06-01 $224,850 (7.7%) $338,585 (38.7%) 0.00 142
    2021-07-01 $239,500 (10.8%) $354,667 (44.7%) 0.00 148
    2021-08-01 $222,500 (1.2%) $366,345 (42.5%) 0.00 149
    2021-09-01 $212,750 (-3.0%) $382,076 (47.6%) 0.00 144
    2021-10-01 $239,000 (8.6%) $396,975 (38.9%) 0.00 135
    2021-11-01 $254,200 (17.9%) $377,783 (36.0%) 0.00 131
    2021-12-01 $266,125 (23.4%) $413,920 (30.6%) 0.00 118
    2022-01-01 $262,000 (28.0%) $386,145 (25.2%) 0.00 106
    2022-02-01 $267,375 (36.6%) $371,089 (22.8%) 0.00 87
    2022-03-01 $288,475 (54.2%) $380,333 (22.8%) 0.00 85
    2022-04-01 $269,000 (33.4%) $416,193 (24.6%) 0.00 98
    2022-05-01 $257,225 (11.9%) $390,462 (10.8%) 0.00 119
    2022-06-01 $266,250 (18.4%) $378,214 (11.7%) 0.00 134
    2022-07-01 $270,000 (12.7%) $358,677 (1.1%) 0.00 160
    2022-08-01 $273,450 (22.9%) $365,389 (-0.3%) 0.00 152
    2022-09-01 $286,000 (34.4%) $372,690 (-2.5%) 0.00 130
    2022-10-01 $284,500 (19.0%) $375,021 (-5.5%) 0.00 131
    2022-11-01 $299,600 (17.9%) $396,745 (5.0%) 0.00 132
    2022-12-01 $302,250 (13.6%) $398,763 (-3.7%) 0.00 135
    2023-01-01 $304,750 (16.3%) $400,508 (3.7%) 0.00 130
    2023-02-01 $316,635 (18.4%) $415,975 (12.1%) 0.00 114
    Alamogordo's median listing price for 2023-02-01 was $316,635, a difference of $49,260 (18.4%) versus the prior year and $11,885 versus the prior month.

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

    Alamogordo's average listing price for 2023-02-01 was $415,975, a difference of $44,886 (12.1%) versus the prior year and $15,467 versus the prior month.

    For the 2023-02-01 period, Alamogordo had 114 MLS listings, a difference of -16 listings (-12%) versus the prior month and 27 listings (31%) 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 1,758 sqft
    2018-02-01 0 days 1,756 sqft
    2018-03-01 0 days 1,762 sqft
    2018-04-01 0 days 1,785 sqft
    2018-05-01 0 days 1,796 sqft
    2018-06-01 0 days 1,776 sqft
    2018-07-01 0 days 1,798 sqft
    2018-08-01 0 days 1,813 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 1,835 sqft
    2019-02-01 0 days 1,841 sqft
    2019-03-01 0 days 1,843 sqft
    2019-04-01 0 days 1,858 sqft
    2019-05-01 0 days 1,854 sqft
    2019-06-01 0 days 1,845 sqft
    2019-07-01 0 days 1,826 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 1,778 sqft
    2021-01-01 0 days 1,775 sqft
    2021-02-01 0 days 1,766 sqft
    2021-03-01 0 days 1,674 sqft
    2021-04-01 0 days 1,774 sqft
    2021-05-01 0 days 1,923 sqft
    2021-06-01 0 days 1,845 sqft
    2021-07-01 0 days 1,816 sqft
    2021-08-01 0 days 1,782 sqft
    2021-09-01 0 days 1,732 sqft
    2021-10-01 0 days 1,859 sqft
    2021-11-01 0 days 1,792 sqft
    2021-12-01 0 days 1,888 sqft
    2022-01-01 0 days 1,801 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
    Alamogordo's median listing age (time on market) for 2023-02-01 was 0 days.

    Alamogordo's median square footage for active listings during the 2023-02-01 period was 2,019 sqft. One year prior, the average listing was 1,801 sqft.

    Alamogordo, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 882 $178,090,000 $201,916
    Cash Out Refi 197 $33,275,000 $168,909
    Refi 100 $16,980,000 $169,800
    Other 21 $1,895,000 $90,238
    Home Improvement 19 $1,685,000 $88,684
    NA 1 $75,000 $75,000

    Alamogordo's most frequently cited loan purpose was Home Purchase, with 882 originations. The 2nd most popular reason was Cash Out Refi, with 197 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 307 $60,315,000 $196,466
    4-5% 272 $58,720,000 $215,882
    3-4% 243 $50,165,000 $206,440
    6-7% 180 $30,980,000 $172,111
    2.5-3% 65 $13,705,000 $210,846
    7-8% 57 $7,655,000 $134,298
    Over 8% 51 $4,145,000 $81,275
    <2.5% 23 $4,315,000 $187,609

    During 2022, Alamogordo's most frequently originated rate bucket was 5-6%, with 307 originations.

    Loan Sizing (Alamogordo, NM MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 513 $76,755,000 $149,620
    $200k-400k 441 $120,495,000 $273,231
    $100,000 or less 226 $13,910,000 $61,549
    $400k-600k 33 $15,575,000 $471,970
    $600k-1000k 6 $3,710,000 $618,333
    $Over $1MM 1 $1,555,000 $1,555,000

    Alamogordo's loan sizing saw the bucket of loans from $100k-200k with 513 originations, totaling $76,755,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 663 $138,895,000 $209,495
    60-80% 258 $44,190,000 $171,279
    Over 100% 114 $30,380,000 $266,491
    40-60% 77 $11,115,000 $144,351
    Under 20% 45 $505,000 $11,222
    20-40% 38 $4,010,000 $105,526

    Alamogordo's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 663 originations, totaling $138,895,000 in origination value.