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 7.28% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

    The average rate for the prior week (2023-09-07) was 6.92% and one month ago for the week of 2023-08-10, the average rate was 6.86%.

    Deming's average rate one year ago was 5.99%.

    For refis of the same type during the week of 2023-09-14, the average rate was 7.68%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-14 7.18%
    Deming 30 Year Fixed Rate 2023-09-14 7.28%
    Deming 30 Year Fixed Rate Refi 2023-09-14 7.68%
    Deming 15 Year Fixed Rate 2023-09-14 6.31%
    Deming 15 Year Fixed Rate Refi 2023-09-14 7.11%
    Deming 30 Year FHA 2023-09-14 7.19%
    Deming 30 Year FHA Refi 2023-09-14 6.89%
    Deming 30 Year USDA 2023-09-14 7.18%
    Deming 30 Year USDA Refi 2023-09-14 6.98%
    Deming 30 Year VA 2023-09-14 7.01%
    Deming 30 Year VA Refi 2023-09-14 6.61%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 14 5.58% $6,955
    TIB The Independent Bankersbank 13 4.98% $4,468
    Wells Fargo Bank 7 5.05% $3,745
    U.S. Bank 4 3.88% $3,187
    Gateway First Bank 3 4.25% $2,876
    LOANDEPOT.COM, LLC 3 4.00% $4,489
    LEGACY MORTGAGE LLC 3 4.13% $4,569
    MANN FINANCIAL INC. 2 5.56% $4,952
    First Financial Credit Union 2 5.19% $3,160
    Citizens Bank of Las Cruces 2 3.75% $1,833
    Plains Commerce Bank 2 5.50% $7,278
    LAKEVIEW LOAN SERVICING, LLC 1 3.88% $2,753
    LOANPAL, LLC 1 4.38% $5,312
    MORIA DEVELOPMENT, INC. 1 3.13% $2,351
    Nations Lending Corporation 1 6.13% $3,262
    NAVY FEDERAL CREDIT UNION 1 3.88% $2,302
    NBKC BANK 1 7.63% $3,736
    NUSENDA 1 4.13% $3,566
    PENNYMAC LOAN SERVICES, LLC 1 6.25% $12,651
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.50% $5,728
    SANDIA LABORATORY 1 3.00% $2,626
    UNITED WHOLESALE MORTGAGE, LLC 1 4.38% $4,448
    VAN DYK MORTGAGE CORPORATION 1 3.50% $4,096
    Waterstone Mortgage Corporation 1 5.75% $5,129
    Ally Bank 1 3.38% $2,180
    Willamette Valley Bank 1 4.00% $5,366
    AMERICAN FINANCING CORPORATION 1 6.99% $7,143
    AMERISAVE MORTGAGE CORPORATION 1 3.25% $3,500
    Bank of America 1 2.88% $4,180
    BROKER SOLUTIONS, INC. 1 6.63% $3,949
    CALIBER HOME LOANS, INC. 1 2.99% $2,947
    CMG MORTGAGE, INC. 1 5.63% $5,399
    CORNERSTONE HOME LENDING, INC. 1 5.50% $3,288
    CROSSCOUNTRY MORTGAGE, LLC 1 6.63% $5,606
    HOMESIDE FINANCIAL, LLC 1 4.00% $8,618
    JPMorgan Chase Bank 1 8.00% $4,763

    Deming Average Closing Costs & Other Stats

    Deming, NM's 36 lenders originated 238 loans during 2022. The total origination value was $32,250,000, with an average loan value of $135,504.

    Deming's average closing costs are $4,545.

    The top Deming lender as defined by loan originations is QUICKEN LOANS, LLC, with 14 loans originated. Their average total fees are $6,955, which is $2,487 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 ($4,468), QUICKEN LOANS, LLC ($6,955), .

    The lowest rate Deming lenders (with over 10 loans originated) are TIB The Independent Bankersbank (4.98%), QUICKEN LOANS, LLC (5.58%), .

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    QUICKEN LOANS, LLC $8,310,000 $3,980,000 -52.1% 12.3%
    TIB The Independent Bankersbank $2,460,000 $2,355,000 -4.3% 7.3%
    Mortgage Research Center, LLC $1,845,000 $2,125,000 15.2% 6.6%
    Wells Fargo Bank $3,220,000 $1,400,000 -56.5% 4.3%
    Waterstone Mortgage Corporation $200,000 $1,225,000 512.5% 3.8%
    CORNERSTONE HOME LENDING, INC. $1,065,000 $1,220,000 14.6% 3.8%
    GUILD MORTGAGE COMPANY $385,000 $1,205,000 213.0% 3.7%
    LOANDEPOT.COM, LLC $870,000 $1,195,000 37.4% 3.7%
    21ST MORTGAGE CORPORATION $1,975,000 $1,115,000 -43.5% 3.5%
    USAA Federal Savings Bank $915,000 n/a 2.8%
    U.S. Bank $695,000 $885,000 27.3% 2.7%
    UNITED WHOLESALE MORTGAGE, LLC $240,000 $660,000 175.0% 2.0%
    MANN FINANCIAL INC. $250,000 $655,000 162.0% 2.0%
    LEGACY MORTGAGE LLC $830,000 $650,000 -21.7% 2.0%
    AMERISAVE MORTGAGE CORPORATION $1,005,000 $640,000 -36.3% 2.0%
    LOANPAL, LLC $595,000 $620,000 4.2% 1.9%
    Plains Commerce Bank $85,000 $540,000 535.3% 1.7%
    JPMorgan Chase Bank $200,000 $465,000 132.5% 1.4%
    First-Citizens Bank & Trust Company $445,000 n/a 1.4%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $375,000 $440,000 17.3% 1.4%
    Gateway First Bank $830,000 $400,000 -51.8% 1.2%
    Bank of Utah $395,000 n/a 1.2%
    PENNYMAC LOAN SERVICES, LLC $730,000 $390,000 -46.6% 1.2%
    VAN DYK MORTGAGE CORPORATION $2,835,000 $375,000 -86.8% 1.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $95,000 $325,000 242.1% 1.0%
    Willamette Valley Bank $265,000 n/a 0.8%
    CROSSCOUNTRY MORTGAGE, LLC $260,000 n/a 0.8%
    Citizens Bank of Las Cruces $690,000 $250,000 -63.8% 0.8%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $250,000 n/a 0.8%
    First Savings Bank $70,000 $245,000 250.0% 0.8%
    BOKF $165,000 $235,000 42.4% 0.7%
    HOMESIDE FINANCIAL, LLC $225,000 n/a 0.7%
    LAKEVIEW LOAN SERVICING, LLC $515,000 $225,000 -56.3% 0.7%
    SECURITYNATIONAL MORTGAGE COMPANY $295,000 $225,000 -23.7% 0.7%
    CLEARPATH LENDING $215,000 n/a 0.7%
    FREEDOM MORTGAGE CORPORATION $2,540,000 $215,000 -91.5% 0.7%
    First Financial Credit Union $210,000 n/a 0.7%
    GENEVA FINANCIAL, LLC $205,000 n/a 0.6%
    Mid-Continent Funding, Inc. $205,000 n/a 0.6%
    NEWREZ LLC $555,000 $190,000 -65.8% 0.6%
    BANK OF LITTLE ROCK MORTGAGE CORPORATION $185,000 n/a 0.6%
    Century Mortgage Company DBA Century Lending Company $105,000 $185,000 76.2% 0.6%
    NEW DAY FINANCIAL, LLC $185,000 n/a 0.6%
    Paramount Residential Mortgage Group, Inc. $240,000 $185,000 -22.9% 0.6%
    SANDIA LABORATORY $185,000 n/a 0.6%
    Nations Lending Corporation $115,000 $180,000 56.5% 0.6%
    Loan Simple, Inc. $170,000 n/a 0.5%
    NAVY FEDERAL CREDIT UNION $1,135,000 $170,000 -85.0% 0.5%
    Ally Bank $165,000 n/a 0.5%
    Citibank $165,000 n/a 0.5%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $145,000 $155,000 6.9% 0.5%
    NBKC BANK $155,000 n/a 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $395,000 $145,000 -63.3% 0.4%
    NUSENDA $145,000 n/a 0.4%
    PENTAGON FEDERAL CREDIT UNION $145,000 n/a 0.4%
    Texana Bank $145,000 n/a 0.4%
    BROKER SOLUTIONS, INC. $635,000 $135,000 -78.7% 0.4%
    Barrington Bank & Trust Company, N.A. $125,000 n/a 0.4%
    First American Bank $485,000 $125,000 -74.2% 0.4%
    MORIA DEVELOPMENT, INC. $145,000 $125,000 -13.8% 0.4%
    AMCAP MORTGAGE, LTD. $120,000 n/a 0.4%
    Citizens Bank $115,000 n/a 0.4%
    BETTER MORTGAGE CORPORATION $145,000 $105,000 -27.6% 0.3%
    CMG MORTGAGE, INC. $105,000 $105,000 0.0% 0.3%
    Neighborhood Loans, Inc. $360,000 $105,000 -70.8% 0.3%
    AMERICAN FINANCING CORPORATION $105,000 $85,000 -19.0% 0.3%
    COUNTRYPLACE MORTGAGE, LTD. $85,000 n/a 0.3%
    RANLIFE, INC. $600,000 $85,000 -85.8% 0.3%
    Carrington Mortgage Services, LLC $260,000 $75,000 -71.2% 0.2%
    Bank of America $65,000 n/a 0.2%
    CALIBER HOME LOANS, INC. $125,000 $65,000 -48.0% 0.2%
    AMERICAN ADVISORS GROUP $95,000 $25,000 -73.7% 0.1%

    Deming's top lender by overall market share is QUICKEN LOANS, LLC, with 12.3% market share. In second place, with 7.3%, is TIB The Independent Bankersbank, having originated $2,355,000 in loans. In third place, with 6.6%, is Mortgage Research Center, LLC, having originated $2,125,000 in loans. In fourth place, with 4.3%, is Wells Fargo Bank, having originated $1,400,000 in loans. In fifth place, with 3.8%, is Waterstone Mortgage Corporation, having originated $1,225,000 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 $167,000 (11.9%) $182,039 (12.0%) 0.00 69
    2021-08-01 $160,475 (8.8%) $181,621 (11.5%) 0.00 71
    2021-09-01 $166,450 (9.9%) $187,763 (8.1%) 0.00 65
    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 (-4.2%) $186,005 (2.2%) 0.00 35
    2022-08-01 $175,000 (9.1%) $183,739 (1.2%) 0.00 31
    2022-09-01 $172,450 (3.6%) $184,095 (-2.0%) 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
    Deming's median listing price for 2023-08-01 was $235,000, a difference of $60,000 (34.3%) versus the prior year and $5,000 versus the prior month.

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

    Deming's average listing price for 2023-08-01 was $245,688, a difference of $61,949 (33.7%) versus the prior year and $-1,720 versus the prior month.

    For the 2023-08-01 period, Deming had 50 MLS listings, a difference of 14 listings (39%) versus the prior month and 19 listings (61%) 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 1,683 sqft
    2021-09-01 0 days 1,729 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
    Deming's median listing age (time on market) for 2023-08-01 was 0 days.

    Deming's median square footage for active listings during the 2023-08-01 period was 1,912 sqft. One year prior, the average listing was 1,614 sqft.

    Deming, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 156 $21,560,000 $138,205
    Cash Out Refi 47 $6,725,000 $143,085
    Refi 24 $3,060,000 $127,500
    Other 6 $570,000 $95,000
    Home Improvement 5 $335,000 $67,000

    Deming's most frequently cited loan purpose was Home Purchase, with 156 originations. The 2nd most popular reason was Cash Out Refi, with 47 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 52 $7,990,000 $153,654
    3-4% 50 $6,850,000 $137,000
    4-5% 42 $6,200,000 $147,619
    6-7% 28 $3,810,000 $136,071
    2.5-3% 27 $3,845,000 $142,407
    <2.5% 15 $895,000 $59,667
    7-8% 15 $1,735,000 $115,667
    Over 8% 8 $680,000 $85,000

    During 2022, Deming's most frequently originated rate bucket was 5-6%, with 52 originations.

    Loan Sizing (Deming, NM MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 140 $19,990,000 $142,786
    $100,000 or less 63 $3,535,000 $56,111
    $200k-400k 34 $8,280,000 $243,529
    $400k-600k 1 $445,000 $445,000

    Deming's loan sizing saw the bucket of loans from $100k-200k with 140 originations, totaling $19,990,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 130 $20,110,000 $154,692
    60-80% 57 $8,625,000 $151,316
    Under 20% 20 $120,000 $6,000
    40-60% 19 $1,885,000 $99,211
    20-40% 5 $305,000 $61,000
    Over 100% 2 $340,000 $170,000

    Deming's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 130 originations, totaling $20,110,000 in origination value.