Deming Mortgage Rates

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

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%
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 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 20 3.17% $4,732
TIB The Independent Bankersbank 12 3.15% $3,178
Wells Fargo Bank 11 3.17% $3,354
VAN DYK MORTGAGE CORPORATION 9 3.44% $3,317
RANLIFE, INC. 4 3.50% $3,693
U.S. Bank 4 3.28% $2,786
AMERISAVE MORTGAGE CORPORATION 4 3.16% $4,996
LOANPAL, LLC 3 2.96% $5,425
LOANDEPOT.COM, LLC 3 2.96% $8,093
Gateway First Bank 3 3.08% $2,039
SUN WEST MORTGAGE COMPANY, INC. 2 3.63% $4,422
Citizens Bank of Las Cruces 2 3.13% $1,566
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.12% $3,737
PANORAMA MORTGAGE GROUP, LLC 1 2.88% $7,302
Plains Commerce Bank 1 3.00% $2,925
ROYAL UNITED MORTGAGE LLC 1 3.00% $3,831
SOVEREIGN LENDING GROUP INCORPORATED 1 2.88% $7,880
Sunflower Bank 1 2.99% $3,797
AMERICAN FINANCING CORPORATION 1 4.00% $3,936
WRIGHT-PATT CREDIT UNION, INC. 1 2.88% $4,249
BETTER MORTGAGE CORPORATION 1 3.25% $2,335
BOKF 1 3.13% $3,339
Century Mortgage Company DBA Century Lending Company 1 3.13% $3,323
First American Bank 1 3.25% $1,396
First Guaranty Mortgage Corporation 1 3.88% $3,551
FLAT BRANCH MORTGAGE, INC. 1 3.50% $3,217
LEGACY MORTGAGE LLC 1 3.25% $4,396
MANN FINANCIAL INC. 1 3.63% $4,309
MORIA DEVELOPMENT, INC. 1 3.38% $4,252
Mortgage Research Center, LLC 1 3.25% $2,235
MOUNTAIN AMERICA 1 2.75% $4,456
NAVY FEDERAL CREDIT UNION 1 2.75% $2,841

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. Louis
Date 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 for 2022-06-01 was $170,000, a difference of $-4,950 (-2.8%) versus the prior year and $0 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-06-01 was 0 days.

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.