Deming Mortgage Rates
30 Year Fixed Rate mortgages in Deming averaged
6.46%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
6.17% and
one month ago for the week of 2022-05-26, the
average rate was 5.46%.
Deming's average rate one year ago was 3.39%.
For refis of the same type during the week of 2022-06-30, the average rate
was 6.59%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
Deming 30 Year Fixed Rate | 2022-06-30 | 6.46% |
Deming 30 Year Fixed Rate Refi | 2022-06-30 | 6.59% |
Deming 15 Year Fixed Rate | 2022-06-30 | 5.65% |
Deming 15 Year Fixed Rate Refi | 2022-06-30 | 5.14% |
Deming 30 Year FHA | 2022-06-30 | 5.58% |
Deming 30 Year FHA Refi | 2022-06-30 | 5.7% |
Deming 30 Year USDA | 2022-06-30 | 5.78% |
Deming 30 Year USDA Refi | 2022-06-30 | 5.76% |
Deming 30 Year VA | 2022-06-30 | 5.53% |
Deming 30 Year VA Refi | 2022-06-30 | 5.66% |
Deming Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, 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.).
Deming, NM's 32 lenders originated 326
loans during 2021. The total origination value was $44,290,000, with an average loan value of
$135,859.
The top Deming lender as defined by loan originations is QUICKEN LOANS, LLC, with
20 loans originated. Their average total fees are
$4,732, which is $1,554
higher than the next largest lender,
TIB The Independent Bankersbank.
The lowest fee Deming lenders (with over 10 loans originated) are
TIB The Independent Bankersbank ($3,178), Wells Fargo Bank ($3,354), QUICKEN LOANS, LLC ($4,732), .
The lowest rate Deming lenders (with over 10 loans originated) are
TIB The Independent Bankersbank (3.15%), Wells Fargo Bank (3.17%), QUICKEN LOANS, LLC (3.17%), .
Deming, NM Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
QUICKEN LOANS, LLC | $6,070,000 | $8,310,000 | 36.9% | 18.8% |
Wells Fargo Bank | $2,950,000 | $3,220,000 | 9.2% | 7.3% |
VAN DYK MORTGAGE CORPORATION | $2,335,000 | $2,835,000 | 21.4% | 6.4% |
FREEDOM MORTGAGE CORPORATION | $1,600,000 | $2,540,000 | 58.8% | 5.7% |
TIB The Independent Bankersbank | $2,200,000 | $2,460,000 | 11.8% | 5.6% |
21ST MORTGAGE CORPORATION | $1,100,000 | $1,975,000 | 79.5% | 4.5% |
Mortgage Research Center, LLC | $2,075,000 | $1,845,000 | -11.1% | 4.2% |
NAVY FEDERAL CREDIT UNION | $365,000 | $1,135,000 | 211.0% | 2.6% |
CORNERSTONE HOME LENDING, INC. | $850,000 | $1,065,000 | 25.3% | 2.4% |
AMERISAVE MORTGAGE CORPORATION | $1,005,000 | n/a | 2.3% | |
LOANDEPOT.COM, LLC | $730,000 | $870,000 | 19.2% | 2.0% |
Gateway First Bank | $935,000 | $830,000 | -11.2% | 1.9% |
LEGACY MORTGAGE LLC | $770,000 | $830,000 | 7.8% | 1.9% |
PENNYMAC LOAN SERVICES, LLC | $135,000 | $730,000 | 440.7% | 1.6% |
U.S. Bank | $330,000 | $695,000 | 110.6% | 1.6% |
Citizens Bank of Las Cruces | $200,000 | $690,000 | 245.0% | 1.6% |
BROKER SOLUTIONS, INC. | $810,000 | $635,000 | -21.6% | 1.4% |
First Guaranty Mortgage Corporation | $265,000 | $605,000 | 128.3% | 1.4% |
RANLIFE, INC. | $125,000 | $600,000 | 380.0% | 1.4% |
LOANPAL, LLC | $355,000 | $595,000 | 67.6% | 1.3% |
NEWREZ LLC | $555,000 | n/a | 1.3% | |
LAKEVIEW LOAN SERVICING, LLC | $95,000 | $515,000 | 442.1% | 1.2% |
First American Bank | $655,000 | $485,000 | -26.0% | 1.1% |
Mr. Cooper ( Nationstar Mortgage ) | $970,000 | $395,000 | -59.3% | 0.9% |
GUILD MORTGAGE COMPANY | $290,000 | $385,000 | 32.8% | 0.9% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,080,000 | $375,000 | -65.3% | 0.8% |
Neighborhood Loans, Inc. | $360,000 | n/a | 0.8% | |
PLANET HOME LENDING, LLC | $245,000 | $360,000 | 46.9% | 0.8% |
Sunflower Bank | $125,000 | $330,000 | 164.0% | 0.7% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $310,000 | n/a | 0.7% | |
SECURITYNATIONAL MORTGAGE COMPANY | $295,000 | n/a | 0.7% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $115,000 | $280,000 | 143.5% | 0.6% |
MOUNTAIN AMERICA | $270,000 | n/a | 0.6% | |
ROYAL UNITED MORTGAGE LLC | $270,000 | n/a | 0.6% | |
Carrington Mortgage Services, LLC | $95,000 | $260,000 | 173.7% | 0.6% |
MANN FINANCIAL INC. | $855,000 | $250,000 | -70.8% | 0.6% |
Paramount Residential Mortgage Group, Inc. | $240,000 | n/a | 0.5% | |
UNITED WHOLESALE MORTGAGE, LLC | $175,000 | $240,000 | 37.1% | 0.5% |
SUN WEST MORTGAGE COMPANY, INC. | $230,000 | n/a | 0.5% | |
KELLER MORTGAGE, LLC | $225,000 | n/a | 0.5% | |
SOVEREIGN LENDING GROUP INCORPORATED | $215,000 | n/a | 0.5% | |
First New Mexico Bank, Las Cruces | $295,000 | $200,000 | -32.2% | 0.5% |
JPMorgan Chase Bank | $200,000 | n/a | 0.5% | |
Waterstone Mortgage Corporation | $200,000 | n/a | 0.5% | |
FLAT BRANCH MORTGAGE, INC. | $195,000 | n/a | 0.4% | |
PANORAMA MORTGAGE GROUP, LLC | $195,000 | n/a | 0.4% | |
ANGEL OAK HOME LOANS LLC | $185,000 | n/a | 0.4% | |
Low VA Rates, LLC | $185,000 | n/a | 0.4% | |
Wyndham Capital Mortgage, Inc. | $185,000 | n/a | 0.4% | |
Commerce Home Mortgage, Inc. | $175,000 | n/a | 0.4% | |
BOKF | $210,000 | $165,000 | -21.4% | 0.4% |
BETTER MORTGAGE CORPORATION | $245,000 | $145,000 | -40.8% | 0.3% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $145,000 | n/a | 0.3% | |
MORIA DEVELOPMENT, INC. | $145,000 | n/a | 0.3% | |
WRIGHT-PATT CREDIT UNION, INC. | $145,000 | n/a | 0.3% | |
ZILLOW HOME LOANS, LLC | $165,000 | $145,000 | -12.1% | 0.3% |
SANDIA AREA | $135,000 | n/a | 0.3% | |
CALIBER HOME LOANS, INC. | $155,000 | $125,000 | -19.4% | 0.3% |
Wallick & Volk, Inc. | $120,000 | n/a | 0.3% | |
Nations Lending Corporation | $115,000 | n/a | 0.3% | |
ACADEMY MORTGAGE CORPORATION | $110,000 | n/a | 0.2% | |
AMERICAN FINANCING CORPORATION | $105,000 | n/a | 0.2% | |
Century Mortgage Company DBA Century Lending Company | $105,000 | n/a | 0.2% | |
CMG MORTGAGE, INC. | $105,000 | n/a | 0.2% | |
AMERICAN ADVISORS GROUP | $95,000 | n/a | 0.2% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $190,000 | $95,000 | -50.0% | 0.2% |
Plains Commerce Bank | $85,000 | n/a | 0.2% | |
First Savings Bank | $145,000 | $70,000 | -51.7% | 0.2% |
Bank of the West | $165,000 | $65,000 | -60.6% | 0.1% |
FirstLight Federal Credit Union | $270,000 | $35,000 | -87.0% | 0.1% |
Deming's top lender by overall market share is QUICKEN LOANS, LLC, with 18.8% market share. In second place, with 7.3%, is Wells Fargo Bank, having originated $3,220,000 in loans. In third place, with 6.4%, is VAN DYK MORTGAGE CORPORATION, having originated $2,835,000 in loans. In third place, with 5.7%, is FREEDOM MORTGAGE CORPORATION, having originated $2,540,000 in loans. In third place, with 5.6%, is TIB The Independent Bankersbank, having originated $2,460,000 in loans.
Deming, NM Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 178 | $24,920,000 | $140,000 |
Refi | 105 | $13,985,000 | $133,190 |
Cash Out Refi | 39 | $5,065,000 | $129,872 |
Home Improvement | 3 | $275,000 | $91,667 |
Other | 1 | $45,000 | $45,000 |
Deming's most frequently cited loan purpose was Home Purchase, with 178 originations. The 2nd most popular reason was Refi, with 105 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 123 | $17,355,000 | $141,098 |
2.5-3% | 115 | $16,885,000 | $146,826 |
<2.5% | 50 | $6,970,000 | $139,400 |
5-6% | 8 | $360,000 | $45,000 |
6-7% | 8 | $820,000 | $102,500 |
Over 8% | 7 | $595,000 | $85,000 |
4-5% | 7 | $715,000 | $102,143 |
7-8% | 4 | $320,000 | $80,000 |
During 2021, Deming's most frequently originated rate bucket was 3-4%, with 123 originations.
Loan Sizing (Deming, NM MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 199 | $28,225,000 | $141,834 |
$100,000 or less | 87 | $6,095,000 | $70,057 |
$200k-400k | 39 | $9,295,000 | $238,333 |
$600k-1000k | 1 | $675,000 | $675,000 |
Deming's loan sizing saw the bucket of loans from $100k-200k with 199 originations, totaling $28,225,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 176 | $26,110,000 | $148,352 |
60-80% | 89 | $11,725,000 | $131,742 |
40-60% | 22 | $2,180,000 | $99,091 |
Under 20% | 8 | $70,000 | $8,750 |
20-40% | 5 | $405,000 | $81,000 |
Over 100% | 5 | $955,000 | $191,000 |
Deming's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 176 originations, totaling $26,110,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Deming (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 | $125,000 (0.0%) | $159,463 (16.2%) | 0.00 | 143 |
2018-02-01 | $126,750 (1.4%) | $162,509 (19.3%) | 0.00 | 134 |
2018-03-01 | $127,900 (6.7%) | $175,705 (28.9%) | 0.00 | 137 |
2018-04-01 | $128,250 (7.0%) | $164,713 (24.9%) | 0.00 | 136 |
2018-05-01 | $129,000 (5.8%) | $209,576 (51.4%) | 0.00 | 132 |
2018-06-01 | $140,000 (12.0%) | $223,951 (56.9%) | 0.00 | 121 |
2018-07-01 | $139,700 (11.8%) | $213,270 (48.1%) | 0.00 | 132 |
2018-08-01 | $129,900 (3.5%) | $209,197 (44.0%) | 0.00 | 133 |
2018-09-01 | $130,000 (4.0%) | $218,903 (56.8%) | 0.00 | 127 |
2018-10-01 | $140,000 (9.2%) | $198,576 (25.1%) | 0.00 | 125 |
2018-11-01 | $130,000 (0.1%) | $165,164 (3.2%) | 0.00 | 126 |
2018-12-01 | $139,900 (9.7%) | $174,153 (10.3%) | 0.00 | 132 |
2019-01-01 | $134,950 (8.0%) | $173,211 (8.6%) | 0.00 | 137 |
2019-02-01 | $139,998 (10.5%) | $178,440 (9.8%) | 0.00 | 131 |
2019-03-01 | $137,814 (7.8%) | $203,275 (15.7%) | 0.00 | 130 |
2019-04-01 | $132,450 (3.3%) | $201,007 (22.0%) | 0.00 | 133 |
2019-05-01 | $135,000 (4.7%) | $201,210 (-4.0%) | 0.00 | 141 |
2019-06-01 | $135,000 (-3.6%) | $197,348 (-11.9%) | 0.00 | 145 |
2019-07-01 | $140,000 (0.2%) | $241,728 (13.3%) | 0.00 | 150 |
2019-08-01 | $141,500 (8.9%) | $240,929 (15.2%) | 0.00 | 140 |
2019-09-01 | $143,500 (10.4%) | $221,453 (1.2%) | 0.00 | 134 |
2019-10-01 | $143,500 (2.5%) | $223,872 (12.7%) | 0.00 | 128 |
2019-11-01 | $140,000 (7.7%) | $153,112 (-7.3%) | 0.00 | 131 |
2019-12-01 | $140,000 (0.1%) | $151,582 (-13.0%) | 0.00 | 123 |
2020-01-01 | $137,500 (1.9%) | $152,776 (-11.8%) | 0.00 | 117 |
2020-02-01 | $135,000 (-3.6%) | $152,811 (-14.4%) | 0.00 | 121 |
2020-03-01 | $148,500 (7.8%) | $166,728 (-18.0%) | 0.00 | 115 |
2020-04-01 | $155,000 (17.0%) | $171,780 (-14.5%) | 0.00 | 103 |
2020-05-01 | $169,000 (25.2%) | $173,411 (-13.8%) | 0.00 | 96 |
2020-06-01 | $159,900 (18.4%) | $170,401 (-13.7%) | 0.00 | 93 |
2020-07-01 | $154,900 (10.6%) | $167,566 (-30.7%) | 0.00 | 83 |
2020-08-01 | $147,900 (4.5%) | $165,003 (-31.5%) | 0.00 | 87 |
2020-09-01 | $162,450 (13.2%) | $179,678 (-18.9%) | 0.00 | 84 |
2020-10-01 | $159,900 (11.4%) | $180,613 (-19.3%) | 0.00 | 77 |
2020-11-01 | $150,000 (7.1%) | $176,924 (15.6%) | 0.00 | 77 |
2020-12-01 | $165,000 (17.9%) | $185,919 (22.7%) | 0.00 | 72 |
2021-01-01 | $167,000 (21.5%) | $189,637 (24.1%) | 0.00 | 71 |
2021-02-01 | $165,125 (22.3%) | $181,785 (19.0%) | 0.00 | 63 |
2021-03-01 | $164,000 (10.4%) | $175,651 (5.4%) | 0.00 | 62 |
2021-04-01 | $164,500 (6.1%) | $174,897 (1.8%) | 0.00 | 57 |
2021-05-01 | $167,000 (-1.2%) | $172,060 (-0.8%) | 0.00 | 49 |
2021-06-01 | $174,950 (9.4%) | $182,388 (7.0%) | 0.00 | 57 |
2021-07-01 | $172,400 (11.3%) | $188,043 (12.2%) | 0.00 | 68 |
2021-08-01 | $174,950 (18.3%) | $188,528 (14.3%) | 0.00 | 71 |
2021-09-01 | $175,000 (7.7%) | $193,032 (7.4%) | 0.00 | 66 |
2021-10-01 | $175,000 (9.4%) | $208,062 (15.2%) | 0.00 | 65 |
2021-11-01 | $176,975 (18.0%) | $207,303 (17.2%) | 0.00 | 62 |
2021-12-01 | $169,450 (2.7%) | $193,386 (4.0%) | 0.00 | 57 |
2022-01-01 | $169,900 (1.7%) | $193,380 (2.0%) | 0.00 | 49 |
2022-02-01 | $169,900 (2.9%) | $191,783 (5.5%) | 0.00 | 44 |
2022-03-01 | $169,450 (3.3%) | $190,306 (8.3%) | 0.00 | 43 |
2022-04-01 | $169,999 (3.3%) | $183,134 (4.7%) | 0.00 | 33 |
2022-05-01 | $170,000 (1.8%) | $187,037 (8.7%) | 0.00 | 28 |
2022-06-01 | $170,000 (-2.8%) | $192,864 (5.7%) | 0.00 | 30 |
Deming's median listing price comes in at 0% of the national average.
Deming's average listing price for 2022-06-01 was $192,864, a difference of $10,476 (5.7%) versus the prior year and $5,827 versus the prior month.
For the 2022-06-01 period, Deming had 30 MLS listings, a difference of 2 listings (7%) versus the prior month and -27 listings (-47%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Deming (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,710 sqft |
2018-02-01 | 0 days | 1,718 sqft |
2018-03-01 | 0 days | 1,680 sqft |
2018-04-01 | 0 days | 1,676 sqft |
2018-05-01 | 0 days | 1,649 sqft |
2018-06-01 | 0 days | 1,680 sqft |
2018-07-01 | 0 days | 1,644 sqft |
2018-08-01 | 0 days | 1,636 sqft |
2018-09-01 | 0 days | 1,632 sqft |
2018-10-01 | 0 days | 1,659 sqft |
2018-11-01 | 0 days | 1,643 sqft |
2018-12-01 | 0 days | 1,640 sqft |
2019-01-01 | 0 days | 1,646 sqft |
2019-02-01 | 0 days | 1,690 sqft |
2019-03-01 | 0 days | 1,627 sqft |
2019-04-01 | 0 days | 1,621 sqft |
2019-05-01 | 0 days | 1,650 sqft |
2019-06-01 | 0 days | 1,640 sqft |
2019-07-01 | 0 days | 1,641 sqft |
2019-08-01 | 0 days | 1,637 sqft |
2019-09-01 | 0 days | 1,658 sqft |
2019-10-01 | 0 days | 1,710 sqft |
2019-11-01 | 0 days | 1,680 sqft |
2019-12-01 | 0 days | 1,680 sqft |
2020-01-01 | 0 days | 1,689 sqft |
2020-02-01 | 0 days | 1,598 sqft |
2020-03-01 | 0 days | 1,744 sqft |
2020-04-01 | 0 days | 1,776 sqft |
2020-05-01 | 0 days | 1,862 sqft |
2020-06-01 | 0 days | 1,808 sqft |
2020-07-01 | 0 days | 1,761 sqft |
2020-08-01 | 0 days | 1,722 sqft |
2020-09-01 | 0 days | 1,761 sqft |
2020-10-01 | 0 days | 1,788 sqft |
2020-11-01 | 0 days | 1,810 sqft |
2020-12-01 | 0 days | 1,865 sqft |
2021-01-01 | 0 days | 1,973 sqft |
2021-02-01 | 0 days | 1,922 sqft |
2021-03-01 | 0 days | 1,957 sqft |
2021-04-01 | 0 days | 1,948 sqft |
2021-05-01 | 0 days | 1,922 sqft |
2021-06-01 | 0 days | 1,808 sqft |
2021-07-01 | 0 days | 1,810 sqft |
2021-08-01 | 0 days | 1,690 sqft |
2021-09-01 | 0 days | 1,790 sqft |
2021-10-01 | 0 days | 1,896 sqft |
2021-11-01 | 0 days | 1,937 sqft |
2021-12-01 | 0 days | 1,744 sqft |
2022-01-01 | 0 days | 1,807 sqft |
2022-02-01 | 0 days | 1,706 sqft |
2022-03-01 | 0 days | 1,846 sqft |
2022-04-01 | 0 days | 1,736 sqft |
2022-05-01 | 0 days | 1,823 sqft |
2022-06-01 | 0 days | 1,752 sqft |
Deming's median square footage for active listings during the 2022-06-01 period was 1,752 sqft. One year prior, the average listing was 1,808 sqft.