Deming Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Deming averaged 6.87% for the week of 2024-07-18, compared to the national average of 6.77% for the same period.

The average rate for the prior week (2024-07-11) was 6.89% and one month ago for the week of 2024-06-13, the average rate was 7.05%.

Deming's average rate one year ago was 7.06%.

For refis of the same type during the week of 2024-07-18, the average rate was 7.17%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-18 6.77%
Deming 30 Year Fixed Rate 2024-07-18 6.87%
Deming 30 Year Fixed Rate Refi 2024-07-18 7.17%
Deming 15 Year Fixed Rate 2024-07-18 6.15%
Deming 15 Year Fixed Rate Refi 2024-07-18 6.55%
Deming 30 Year FHA 2024-07-18 6.59%
Deming 30 Year FHA Refi 2024-07-18 6.59%
Deming 30 Year USDA 2024-07-18 6.63%
Deming 30 Year USDA Refi 2024-07-18 6.63%
Deming 30 Year VA 2024-07-18 6.2%
Deming 30 Year VA Refi 2024-07-18 6.5%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Deming, NM.

Deming 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 Deming, 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
QUICKEN LOANS, LLC 8 6.82% $6,886
CORNERSTONE HOME LENDING, INC. 6 6.15% $4,187
GUILD MORTGAGE COMPANY 4 6.19% $5,220
Wells Fargo Bank 4 7.25% $5,418
21ST MORTGAGE CORPORATION 2 7.43% $5,987
ACADEMY MORTGAGE CORPORATION 2 7.13% $3,429
JPMorgan Chase Bank 2 7.12% $5,120
TIB The Independent Bankersbank 2 7.00% $4,858
UNITED WHOLESALE MORTGAGE, LLC 2 7.69% $5,892
MANN FINANCIAL INC. 1 6.50% $939
Mortgage Research Center, LLC 1 6.63% $2,969
MOUNTAIN AMERICA 1 7.00% $5,755
MOVEMENT MORTGAGE, LLC 1 6.25% $8,025
Mr. Cooper ( Nationstar Mortgage ) 1 7.49% $7,474
NAVY FEDERAL CREDIT UNION 1 9.25% $6,287
NUSENDA 1 5.63% $3,070
GECU 1 6.88% $4,171
Waterstone Mortgage Corporation 1 5.63% $4,782
CARDINAL FINANCIAL 1 6.63% $6,403
US MORTGAGE CORPORATION 1 7.63% $3,967
VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.25% $10,655
HOMESIDE FINANCIAL, LLC 1 7.38% $3,638
VAN DYK MORTGAGE CORPORATION 1 6.75% $6,197
LOANDEPOT.COM, LLC 1 6.63% $7,702

Deming Average Closing Costs & Other Stats

Deming, NM's 24 lenders originated 189 loans during 2023. The total origination value was $24,235,000, with an average loan value of $128,228.

Deming's average closing costs are $4,815.

The top Deming lender as defined by loan originations is QUICKEN LOANS, LLC, with 8 loans originated. Their average total fees are $6,886, which is $2,698 higher than the next largest lender, CORNERSTONE HOME LENDING, INC..

The lowest fee Deming lenders (with over 10 loans originated) are .

The lowest rate Deming lenders (with over 10 loans originated) are .

Deming, 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
QUICKEN LOANS, LLC $3,980,000 $3,420,000 -14.1% 14.1%
GUILD MORTGAGE COMPANY $1,205,000 $2,995,000 148.5% 12.4%
Mortgage Research Center, LLC $2,125,000 $1,830,000 -13.9% 7.6%
TIB The Independent Bankersbank $2,355,000 $1,660,000 -29.5% 6.8%
21ST MORTGAGE CORPORATION $1,115,000 $1,615,000 44.8% 6.7%
CORNERSTONE HOME LENDING, INC. $1,220,000 $1,475,000 20.9% 6.1%
ACADEMY MORTGAGE CORPORATION $965,000 n/a 4.0%
FREEDOM MORTGAGE CORPORATION $215,000 $915,000 325.6% 3.8%
Waterstone Mortgage Corporation $1,225,000 $660,000 -46.1% 2.7%
Wells Fargo Bank $1,400,000 $650,000 -53.6% 2.7%
VANDERBILT MORTGAGE AND FINANCE, INC. $325,000 $555,000 70.8% 2.3%
UNITED WHOLESALE MORTGAGE, LLC $660,000 $455,000 -31.1% 1.9%
JPMorgan Chase Bank $465,000 $440,000 -5.4% 1.8%
Mr. Cooper ( Nationstar Mortgage ) $145,000 $435,000 200.0% 1.8%
MANN FINANCIAL INC. $655,000 $405,000 -38.2% 1.7%
First New Mexico Bank, Las Cruces $400,000 n/a 1.7%
LOANDEPOT.COM, LLC $1,195,000 $390,000 -67.4% 1.6%
Commerce Home Mortgage, Inc. $365,000 n/a 1.5%
PENNYMAC LOAN SERVICES, LLC $390,000 $350,000 -10.3% 1.4%
Century Mortgage Company DBA Century Lending Company $185,000 $295,000 59.5% 1.2%
MID AMERICA MORTGAGE, INC. $270,000 n/a 1.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $250,000 $250,000 0.0% 1.0%
Citizens Bank of Las Cruces $250,000 $220,000 -12.0% 0.9%
GECU $220,000 n/a 0.9%
US MORTGAGE CORPORATION $205,000 n/a 0.8%
Nations Lending Corporation $180,000 $185,000 2.8% 0.8%
NUSENDA $145,000 $185,000 27.6% 0.8%
AMCAP MORTGAGE, LTD. $120,000 $170,000 41.7% 0.7%
NAVY FEDERAL CREDIT UNION $170,000 $165,000 -2.9% 0.7%
AMERICAN FINANCIAL RESOURCES, INC. $145,000 n/a 0.6%
HOMESIDE FINANCIAL, LLC $225,000 $145,000 -35.6% 0.6%
PLAZA HOME MORTGAGE, INC. $145,000 n/a 0.6%
MOUNTAIN AMERICA $135,000 n/a 0.6%
MOVEMENT MORTGAGE, LLC $135,000 n/a 0.6%
NOVA FINANCIAL & INVESTMENT CORPORATION $135,000 n/a 0.6%
VAN DYK MORTGAGE CORPORATION $375,000 $135,000 -64.0% 0.6%
Discover Bank $130,000 n/a 0.5%
BROKER SOLUTIONS, INC. $135,000 $115,000 -14.8% 0.5%
First Financial Credit Union $210,000 $110,000 -47.6% 0.5%
SECURITYNATIONAL MORTGAGE COMPANY $225,000 $110,000 -51.1% 0.5%
Gateway First Bank $400,000 $105,000 -73.8% 0.4%
CARDINAL FINANCIAL $155,000 $95,000 -38.7% 0.4%
CREDIT HUMAN FEDERAL CREDIT UNION $85,000 n/a 0.4%
STATE EMPLOYEES $75,000 n/a 0.3%
AMERISAVE MORTGAGE CORPORATION $640,000 $65,000 -89.8% 0.3%
Notre Dame Federal Credit Union Corporation $65,000 n/a 0.3%
AMERICAN PACIFIC MORTGAGE CORPORATION $55,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $55,000 n/a 0.2%
Bank of America $65,000 $45,000 -30.8% 0.2%
Coastal Community Bank $5,000 n/a 0.0%

Deming's top lender by overall market share is QUICKEN LOANS, LLC, with 14.1% market share. In second place, with 12.4%, is GUILD MORTGAGE COMPANY, having originated $2,995,000 in loans. In third place, with 7.6%, is Mortgage Research Center, LLC, having originated $1,830,000 in loans. In fourth place, with 6.8%, is TIB The Independent Bankersbank, having originated $1,660,000 in loans. In fifth place, with 6.7%, is 21ST MORTGAGE CORPORATION, having originated $1,615,000 in loans.


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

Realtor.com - Deming (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 $125,000 (0.8%) $164,749 (21.7%) 0.00 152
2018-02-01 $126,600 (1.3%) $166,741 (22.3%) 0.00 143
2018-03-01 $126,750 (3.7%) $177,070 (27.3%) 0.00 143
2018-04-01 $125,248 (4.5%) $162,646 (17.8%) 0.00 144
2018-05-01 $127,700 (5.6%) $207,969 (46.6%) 0.00 142
2018-06-01 $139,700 (11.8%) $218,622 (50.9%) 0.00 128
2018-07-01 $135,000 (8.0%) $209,873 (42.6%) 0.00 139
2018-08-01 $128,700 (3.0%) $207,670 (41.3%) 0.00 139
2018-09-01 $127,900 (4.9%) $219,601 (52.3%) 0.00 132
2018-10-01 $135,625 (7.0%) $202,333 (24.2%) 0.00 131
2018-11-01 $131,825 (2.9%) $169,538 (3.9%) 0.00 131
2018-12-01 $129,950 (4.0%) $166,144 (2.9%) 0.00 137
2019-01-01 $128,950 (3.2%) $165,051 (0.2%) 0.00 138
2019-02-01 $129,950 (2.7%) $166,584 (-0.1%) 0.00 135
2019-03-01 $132,000 (4.1%) $192,005 (8.4%) 0.00 133
2019-04-01 $128,000 (2.2%) $189,332 (16.4%) 0.00 136
2019-05-01 $129,425 (1.4%) $189,444 (-8.9%) 0.00 143
2019-06-01 $130,000 (-6.9%) $191,181 (-12.6%) 0.00 141
2019-07-01 $135,125 (0.1%) $226,287 (7.8%) 0.00 147
2019-08-01 $136,364 (6.0%) $212,873 (2.5%) 0.00 136
2019-09-01 $138,409 (8.2%) $197,364 (-10.1%) 0.00 130
2019-10-01 $140,000 (3.2%) $208,228 (2.9%) 0.00 126
2019-11-01 $140,000 (6.2%) $149,377 (-11.9%) 0.00 129
2019-12-01 $139,900 (7.7%) $150,584 (-9.4%) 0.00 120
2020-01-01 $137,475 (6.6%) $152,301 (-7.7%) 0.00 115
2020-02-01 $137,450 (5.8%) $152,333 (-8.6%) 0.00 117
2020-03-01 $150,325 (13.9%) $164,635 (-14.3%) 0.00 109
2020-04-01 $155,000 (21.1%) $168,239 (-11.1%) 0.00 98
2020-05-01 $168,000 (29.8%) $168,714 (-10.9%) 0.00 93
2020-06-01 $156,175 (20.1%) $164,109 (-14.2%) 0.00 90
2020-07-01 $149,300 (10.5%) $162,473 (-28.2%) 0.00 84
2020-08-01 $147,450 (8.1%) $162,951 (-23.5%) 0.00 87
2020-09-01 $151,450 (9.4%) $173,660 (-12.0%) 0.00 81
2020-10-01 $157,000 (12.1%) $178,057 (-14.5%) 0.00 73
2020-11-01 $148,950 (6.4%) $173,231 (16.0%) 0.00 72
2020-12-01 $157,450 (12.5%) $178,789 (18.7%) 0.00 67
2021-01-01 $166,000 (20.8%) $184,896 (21.4%) 0.00 65
2021-02-01 $165,625 (20.5%) $180,663 (18.6%) 0.00 59
2021-03-01 $162,425 (8.1%) $172,276 (4.6%) 0.00 58
2021-04-01 $159,500 (2.9%) $171,999 (2.2%) 0.00 55
2021-05-01 $157,500 (-6.3%) $167,097 (-1.0%) 0.00 49
2021-06-01 $167,400 (7.2%) $178,508 (8.8%) 0.00 57
2021-07-01 $167,500 (12.2%) $182,039 (12.0%) 0.00 69
2021-08-01 $162,750 (10.4%) $182,245 (11.8%) 0.00 70
2021-09-01 $167,500 (10.6%) $188,119 (8.3%) 0.00 64
2021-10-01 $168,900 (7.6%) $203,655 (14.4%) 0.00 62
2021-11-01 $171,175 (14.9%) $205,237 (18.5%) 0.00 60
2021-12-01 $160,000 (1.6%) $192,122 (7.5%) 0.00 55
2022-01-01 $169,000 (1.8%) $193,032 (4.4%) 0.00 46
2022-02-01 $169,450 (2.3%) $191,460 (6.0%) 0.00 43
2022-03-01 $169,000 (4.1%) $187,583 (8.9%) 0.00 45
2022-04-01 $154,900 (-2.9%) $177,982 (3.5%) 0.00 34
2022-05-01 $165,900 (5.3%) $184,640 (10.5%) 0.00 29
2022-06-01 $160,000 (-4.4%) $190,837 (6.9%) 0.00 32
2022-07-01 $160,000 (-4.5%) $186,005 (2.2%) 0.00 35
2022-08-01 $175,000 (7.5%) $183,739 (0.8%) 0.00 31
2022-09-01 $172,450 (3.0%) $184,095 (-2.1%) 0.00 39
2022-10-01 $168,950 (0.0%) $215,245 (5.7%) 0.00 38
2022-11-01 $174,750 (2.1%) $233,871 (14.0%) 0.00 33
2022-12-01 $171,950 (7.5%) $232,500 (21.0%) 0.00 32
2023-01-01 $177,000 (4.7%) $253,969 (31.6%) 0.00 33
2023-02-01 $222,000 (31.0%) $261,632 (36.7%) 0.00 34
2023-03-01 $189,000 (11.8%) $239,485 (27.7%) 0.00 35
2023-04-01 $189,000 (22.0%) $234,063 (31.5%) 0.00 34
2023-05-01 $188,875 (13.9%) $230,726 (25.0%) 0.00 33
2023-06-01 $215,000 (34.4%) $248,433 (30.2%) 0.00 39
2023-07-01 $230,000 (43.8%) $247,408 (33.0%) 0.00 36
2023-08-01 $235,000 (34.3%) $245,688 (33.7%) 0.00 50
2023-09-01 $240,000 (39.2%) $261,719 (42.2%) 0.00 54
2023-10-01 $252,475 (49.4%) $330,917 (53.7%) 0.00 47
2023-11-01 $249,350 (42.7%) $321,853 (37.6%) 0.00 48
2023-12-01 $229,000 (33.2%) $320,115 (37.7%) 0.00 45
2024-01-01 $248,000 (40.1%) $361,366 (42.3%) 0.00 41
2024-02-01 $248,875 (12.1%) $362,901 (38.7%) 0.00 37
2024-03-01 $250,000 (32.3%) $361,742 (51.1%) 0.00 42
2024-04-01 $226,750 (20.0%) $339,017 (44.8%) 0.00 37
2024-05-01 $218,500 (15.7%) $343,585 (48.9%) 0.00 37
2024-06-01 $220,000 (2.3%) $346,580 (39.5%) 0.00 41
Deming's median listing price for 2024-06-01 was $220,000, a difference of $5,000 (2.3%) versus the prior year and $1,500 versus the prior month.

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

Deming's average listing price for 2024-06-01 was $346,580, a difference of $98,147 (39.5%) versus the prior year and $2,995 versus the prior month.

For the 2024-06-01 period, Deming had 41 MLS listings, a difference of 4 listings (11%) versus the prior month and 2 listings (5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Deming (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,722 sqft
2018-02-01 0 days 1,736 sqft
2018-03-01 0 days 1,678 sqft
2018-04-01 0 days 1,677 sqft
2018-05-01 0 days 1,679 sqft
2018-06-01 0 days 1,701 sqft
2018-07-01 0 days 1,663 sqft
2018-08-01 0 days 1,653 sqft
2018-09-01 0 days 1,599 sqft
2018-10-01 0 days 1,659 sqft
2018-11-01 0 days 1,647 sqft
2018-12-01 0 days 1,640 sqft
2019-01-01 0 days 1,632 sqft
2019-02-01 0 days 1,646 sqft
2019-03-01 0 days 1,609 sqft
2019-04-01 0 days 1,605 sqft
2019-05-01 0 days 1,637 sqft
2019-06-01 0 days 1,635 sqft
2019-07-01 0 days 1,645 sqft
2019-08-01 0 days 1,643 sqft
2019-09-01 0 days 1,677 sqft
2019-10-01 0 days 1,707 sqft
2019-11-01 0 days 1,697 sqft
2019-12-01 0 days 1,658 sqft
2020-01-01 0 days 1,679 sqft
2020-02-01 0 days 1,598 sqft
2020-03-01 0 days 1,736 sqft
2020-04-01 0 days 1,772 sqft
2020-05-01 0 days 1,826 sqft
2020-06-01 0 days 1,805 sqft
2020-07-01 0 days 1,785 sqft
2020-08-01 0 days 1,724 sqft
2020-09-01 0 days 1,761 sqft
2020-10-01 0 days 1,760 sqft
2020-11-01 0 days 1,792 sqft
2020-12-01 0 days 1,861 sqft
2021-01-01 0 days 1,957 sqft
2021-02-01 0 days 1,941 sqft
2021-03-01 0 days 1,960 sqft
2021-04-01 0 days 1,960 sqft
2021-05-01 0 days 1,904 sqft
2021-06-01 0 days 1,760 sqft
2021-07-01 0 days 1,784 sqft
2021-08-01 0 days 1,698 sqft
2021-09-01 0 days 1,759 sqft
2021-10-01 0 days 1,899 sqft
2021-11-01 0 days 1,891 sqft
2021-12-01 0 days 1,730 sqft
2022-01-01 0 days 1,744 sqft
2022-02-01 0 days 1,706 sqft
2022-03-01 0 days 1,834 sqft
2022-04-01 0 days 1,660 sqft
2022-05-01 0 days 1,754 sqft
2022-06-01 0 days 1,713 sqft
2022-07-01 0 days 1,752 sqft
2022-08-01 0 days 1,614 sqft
2022-09-01 0 days 1,615 sqft
2022-10-01 0 days 1,743 sqft
2022-11-01 0 days 1,826 sqft
2022-12-01 0 days 1,800 sqft
2023-01-01 0 days 1,895 sqft
2023-02-01 0 days 1,919 sqft
2023-03-01 0 days 1,725 sqft
2023-04-01 0 days 1,800 sqft
2023-05-01 0 days 1,925 sqft
2023-06-01 0 days 1,906 sqft
2023-07-01 0 days 1,897 sqft
2023-08-01 0 days 1,912 sqft
2023-09-01 0 days 1,891 sqft
2023-10-01 0 days 1,944 sqft
2023-11-01 0 days 1,933 sqft
2023-12-01 0 days 1,850 sqft
2024-01-01 0 days 1,968 sqft
2024-02-01 0 days 2,015 sqft
2024-03-01 0 days 1,922 sqft
2024-04-01 0 days 1,780 sqft
2024-05-01 0 days 1,841 sqft
2024-06-01 0 days 1,834 sqft
Deming's median listing age (time on market) for 2024-06-01 was 0 days.

Deming's median square footage for active listings during the 2024-06-01 period was 1,834 sqft. One year prior, the average listing was 1,906 sqft.

Deming, NM Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 143 $18,285,000 $127,867
Cash Out Refi 30 $4,240,000 $141,333
Refi 7 $1,145,000 $163,571
Other 6 $380,000 $63,333
Home Improvement 3 $185,000 $61,667

Deming's most frequently cited loan purpose was Home Purchase, with 143 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 50 $7,540,000 $150,800
7-8% 44 $7,130,000 $162,045
5-6% 41 $5,615,000 $136,951
Over 8% 36 $2,530,000 $70,278
<2.5% 10 $50,000 $5,000
3-4% 4 $790,000 $197,500
4-5% 2 $180,000 $90,000

During 2023, Deming's most frequently originated rate bucket was 6-7%, with 50 originations.

Loan Sizing (Deming, NM MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 87 $12,195,000 $140,172
$100,000 or less 67 $2,995,000 $44,701
$200k-400k 34 $8,550,000 $251,471
$400k-600k 1 $495,000 $495,000

Deming's loan sizing saw the bucket of loans from $100k-200k with 87 originations, totaling $12,195,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 95 $15,905,000 $167,421
60-80% 39 $5,385,000 $138,077
Under 20% 31 $255,000 $8,226
40-60% 11 $1,005,000 $91,364
20-40% 8 $600,000 $75,000
Over 100% 3 $685,000 $228,333

Deming's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 95 originations, totaling $15,905,000 in origination value.