Alamogordo Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Alamogordo averaged
7.11%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
7.38% and
one month ago for the week of 2023-10-26, the
average rate was 7.58%.
Alamogordo's average rate one year ago was 6.37%.
For refis of the same type during the week of 2023-11-30, the average rate
was 7.12%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
Alamogordo 30 Year Fixed Rate | 2023-11-30 | 7.11% |
Alamogordo 30 Year Fixed Rate Refi | 2023-11-30 | 7.12% |
Alamogordo 15 Year Fixed Rate | 2023-11-30 | 6.56% |
Alamogordo 15 Year Fixed Rate Refi | 2023-11-30 | 6.76% |
Alamogordo 30 Year FHA | 2023-11-30 | 6.73% |
Alamogordo 30 Year FHA Refi | 2023-11-30 | 7.05% |
Alamogordo 30 Year USDA | 2023-11-30 | 6.9% |
Alamogordo 30 Year USDA Refi | 2023-11-30 | 6.9% |
Alamogordo 30 Year VA | 2023-11-30 | 6.24% |
Alamogordo 30 Year VA Refi | 2023-11-30 | 6.57% |
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.).
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. LouisDate | 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%) | $206,627 (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 (9.6%) | $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%) | $230,486 (10.1%) | 0.00 | 406 |
2019-04-01 | $199,000 (8.0%) | $230,859 (8.7%) | 0.00 | 424 |
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 | $179,700 (3.3%) | $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 (20.0%) | $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 |
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 | $296,975 (15.5%) | $371,299 (-4.9%) | 0.00 | 135 |
2023-06-01 | $333,250 (25.2%) | $404,313 (6.9%) | 0.00 | 136 |
2023-07-01 | $319,350 (18.3%) | $386,472 (7.8%) | 0.00 | 147 |
2023-08-01 | $335,000 (22.5%) | $401,783 (10.0%) | 0.00 | 141 |
2023-09-01 | $319,500 (11.7%) | $392,818 (5.4%) | 0.00 | 152 |
2023-10-01 | $315,000 (10.7%) | $392,120 (4.6%) | 0.00 | 166 |
2023-11-01 | $299,600 (0.0%) | $388,351 (-2.1%) | 0.00 | 173 |
Alamogordo's median listing price comes in at 0% of the national average.
Alamogordo's average listing price for 2023-11-01 was $388,351, a difference of $-8,394 (-2.1%) versus the prior year and $-3,769 versus the prior month.
For the 2023-11-01 period, Alamogordo had 173 MLS listings, a difference of 7 listings (4%) versus the prior month and 41 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. LouisDate | 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 |
2023-03-01 | 0 days | 1,991 sqft |
2023-04-01 | 0 days | 1,945 sqft |
2023-05-01 | 0 days | 1,861 sqft |
2023-06-01 | 0 days | 1,950 sqft |
2023-07-01 | 0 days | 1,940 sqft |
2023-08-01 | 0 days | 1,965 sqft |
2023-09-01 | 0 days | 1,932 sqft |
2023-10-01 | 0 days | 1,915 sqft |
2023-11-01 | 0 days | 1,900 sqft |
Alamogordo's median square footage for active listings during the 2023-11-01 period was 1,900 sqft. One year prior, the average listing was 2,005 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.