Deming Mortgage Rates

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  • Trends
  • Rates vs. Fees
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  • Market Share
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  • Time on Market/Property Size
    • 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.