Deming 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 Deming averaged 7.3% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.88% and one month ago for the week of 2024-03-14, the average rate was 6.64%.

    Deming's average rate one year ago was 6.07%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.5%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Deming 30 Year Fixed Rate 2024-04-18 7.3%
    Deming 30 Year Fixed Rate Refi 2024-04-18 7.5%
    Deming 15 Year Fixed Rate 2024-04-18 6.59%
    Deming 15 Year Fixed Rate Refi 2024-04-18 6.79%
    Deming 30 Year FHA 2024-04-18 6.86%
    Deming 30 Year FHA Refi 2024-04-18 6.86%
    Deming 30 Year USDA 2024-04-18 6.66%
    Deming 30 Year USDA Refi 2024-04-18 6.76%
    Deming 30 Year VA 2024-04-18 6.96%
    Deming 30 Year VA Refi 2024-04-18 6.76%
    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
    Deming's median listing price for 2024-03-01 was $250,000, a difference of $61,000 (32.3%) versus the prior year and $1,125 versus the prior month.

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

    Deming's average listing price for 2024-03-01 was $361,742, a difference of $122,257 (51.1%) versus the prior year and $-1,159 versus the prior month.

    For the 2024-03-01 period, Deming had 42 MLS listings, a difference of 5 listings (14%) versus the prior month and 7 listings (20%) 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
    Deming's median listing age (time on market) for 2024-03-01 was 0 days.

    Deming's median square footage for active listings during the 2024-03-01 period was 1,922 sqft. One year prior, the average listing was 1,725 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.