Hobbs 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 Hobbs averaged 6.73% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

    The average rate for the prior week (2023-05-18) was 6.65% and one month ago for the week of 2023-04-20, the average rate was 6.55%.

    Hobbs's average rate one year ago was 5.51%.

    For refis of the same type during the week of 2023-05-25, the average rate was 6.67%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-05-25 6.57%
    Hobbs 30 Year Fixed Rate 2023-05-25 6.73%
    Hobbs 30 Year Fixed Rate Refi 2023-05-25 6.67%
    Hobbs 15 Year Fixed Rate 2023-05-25 5.87%
    Hobbs 15 Year Fixed Rate Refi 2023-05-25 6.37%
    Hobbs 30 Year FHA 2023-05-25 6.17%
    Hobbs 30 Year FHA Refi 2023-05-25 6.51%
    Hobbs 30 Year USDA 2023-05-25 6.63%
    Hobbs 30 Year USDA Refi 2023-05-25 6.83%
    Hobbs 30 Year VA 2023-05-25 6.51%
    Hobbs 30 Year VA Refi 2023-05-25 6.41%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Hobbs, NM.

    Hobbs 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 Hobbs, 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
    Paramount Residential Mortgage Group, Inc. 30 5.03% $4,353
    Neighborhood Loans, Inc. 25 5.38% $5,098
    QUICKEN LOANS, LLC 21 5.00% $6,740
    GENEVA FINANCIAL, LLC 17 5.29% $6,294
    Wells Fargo Bank 16 4.66% $4,336
    SOUTHWEST FUNDING, LP 12 5.26% $7,926
    CROSSCOUNTRY MORTGAGE, LLC 10 5.57% $5,818
    First American Bank 7 4.27% $3,213
    LOANDEPOT.COM, LLC 7 4.37% $6,089
    UNITED WHOLESALE MORTGAGE, LLC 4 5.51% $5,257
    21ST MORTGAGE CORPORATION 3 8.62% $6,925
    AMERISAVE MORTGAGE CORPORATION 3 4.21% $6,912
    BOKF 3 4.83% $5,321
    FREEDOM MORTGAGE CORPORATION 3 5.50% $4,639
    HOMESIDE FINANCIAL, LLC 3 4.54% $6,283
    JPMorgan Chase Bank 3 6.21% $3,552
    LAKEVIEW LOAN SERVICING, LLC 3 4.37% $5,688
    LOANPAL, LLC 3 4.17% $5,484
    NAVY FEDERAL CREDIT UNION 3 4.42% $3,399
    NEWREZ LLC 3 4.96% $4,212
    Prosperity Home Mortgage, LLC 2 6.31% $5,006
    BETTER MORTGAGE CORPORATION 2 4.38% $3,994
    Mr. Cooper ( Nationstar Mortgage ) 2 5.31% $7,317
    Nations Lending Corporation 2 4.31% $8,440
    ACADEMY MORTGAGE CORPORATION 2 5.63% $6,529
    KeyBank 2 3.81% $5,697
    GUARANTEED RATE, INC. 1 7.63% $7,977
    SWBC MORTGAGE CORPORATION 1 6.88% $5,328
    UNION HOME MORTGAGE CORP. 1 5.75% $3,879
    Ally Bank 1 5.88% $3,864
    Bank of America 1 4.00% $12,087
    U.S. Bank 1 5.50% $9,195
    Loan Simple, Inc. 1 3.38% $4,759
    MANN FINANCIAL INC. 1 6.00% $4,404
    MICHIGAN MUTUAL, INC. 1 6.00% $14,526
    MORTGAGE ACCESS CORP. 1 6.99% $5,870
    NBKC BANK 1 5.50% $2,215
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.38% $3,718
    Wyndham Capital Mortgage, Inc. 1 4.88% $3,798
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.25% $8,663
    NUSENDA 1 4.13% $3,171
    AmeriHome Mortgage Company, LLC 1 5.88% $7,835
    PENNYMAC LOAN SERVICES, LLC 1 7.50% $7,280
    PHH Mortgage Corporation 1 3.75% $7,600
    PREMIA MORTGAGE, LLC 1 6.63% $1,865
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.25% $4,533
    Prosperity Bank 1 3.75% $5,162
    AMERICAN FINANCING CORPORATION 1 4.13% $5,375
    ROYAL UNITED MORTGAGE LLC 1 7.63% $6,760
    AMCAP MORTGAGE, LTD. 1 6.38% $7,229
    SOUTHWEST STAGE FUNDING, LLC 1 8.40% $7,668
    CHEVRON 1 2.63% $0
    CHURCHILL MORTGAGE CORPORATION 1 7.25% $5,372
    City Bank 1 7.63% $8,206
    CARDINAL FINANCIAL 1 3.13% $12,690
    DEEPHAVEN MORTGAGE LLC 1 9.13% $7,837
    Discover Bank 1 4.25% $0
    BROKER SOLUTIONS, INC. 1 3.25% $3,300
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.25% $7,355
    First Bank & Trust 1 5.50% $11,536
    First Guaranty Mortgage Corporation 1 5.63% $7,014
    First National Bank Texas 1 6.63% $2,997
    Flagstar Bank, FSB 1 4.63% $6,270
    Sunflower Bank 1 3.49% $5,469

    Hobbs Average Closing Costs & Other Stats

    Hobbs, NM's 64 lenders originated 899 loans during 2022. The total origination value was $204,815,000, with an average loan value of $227,825.

    Hobbs's average closing costs are $6,185.

    The top Hobbs lender as defined by loan originations is Paramount Residential Mortgage Group, Inc., with 30 loans originated. Their average total fees are $4,353, which is $745 lower than the next largest lender, Neighborhood Loans, Inc..

    The lowest fee Hobbs lenders (with over 10 loans originated) are Wells Fargo Bank ($4,336), Paramount Residential Mortgage Group, Inc. ($4,353), Neighborhood Loans, Inc. ($5,098), CROSSCOUNTRY MORTGAGE, LLC ($5,818) and GENEVA FINANCIAL, LLC ($6,294).

    The lowest rate Hobbs lenders (with over 10 loans originated) are Wells Fargo Bank (4.66%), QUICKEN LOANS, LLC (5.00%), Paramount Residential Mortgage Group, Inc. (5.03%), SOUTHWEST FUNDING, LP (5.26%) and GENEVA FINANCIAL, LLC (5.29%).

    Hobbs, 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
    Paramount Residential Mortgage Group, Inc. $37,475,000 $39,770,000 6.1% 19.4%
    GENEVA FINANCIAL, LLC $16,405,000 $14,950,000 -8.9% 7.3%
    SANDIA LABORATORY $14,405,000 n/a 7.0%
    Neighborhood Loans, Inc. $22,875,000 $13,970,000 -38.9% 6.8%
    QUICKEN LOANS, LLC $36,055,000 $13,240,000 -63.3% 6.5%
    First American Bank $6,675,000 $10,980,000 64.5% 5.4%
    CROSSCOUNTRY MORTGAGE, LLC $10,890,000 $10,600,000 -2.7% 5.2%
    21ST MORTGAGE CORPORATION $7,220,000 $7,815,000 8.2% 3.8%
    SOUTHWEST FUNDING, LP $9,290,000 $6,105,000 -34.3% 3.0%
    Mortgage Research Center, LLC $2,610,000 $4,895,000 87.5% 2.4%
    GREYSTONE SERVICING COMPANY LLC $3,845,000 n/a 1.9%
    ACADEMY MORTGAGE CORPORATION $3,600,000 $3,490,000 -3.1% 1.7%
    Wells Fargo Bank $5,075,000 $3,260,000 -35.8% 1.6%
    LIMA ONE CAPITAL, LLC $285,000 $3,190,000 1,019.3% 1.6%
    Western Commerce Bank $2,360,000 $2,865,000 21.4% 1.4%
    PENNYMAC LOAN SERVICES, LLC $3,390,000 $2,750,000 -18.9% 1.3%
    FREEDOM MORTGAGE CORPORATION $11,615,000 $2,505,000 -78.4% 1.2%
    Mr. Cooper ( Nationstar Mortgage ) $6,000,000 $2,375,000 -60.4% 1.2%
    LOANDEPOT.COM, LLC $8,030,000 $2,270,000 -71.7% 1.1%
    NEWREZ LLC $6,840,000 $2,230,000 -67.4% 1.1%
    UNION HOME MORTGAGE CORP. $3,285,000 $2,050,000 -37.6% 1.0%
    NAVY FEDERAL CREDIT UNION $1,755,000 $1,995,000 13.7% 1.0%
    LAKEVIEW LOAN SERVICING, LLC $2,865,000 $1,855,000 -35.3% 0.9%
    AMERISAVE MORTGAGE CORPORATION $1,875,000 $1,645,000 -12.3% 0.8%
    UNITED WHOLESALE MORTGAGE, LLC $1,660,000 $1,525,000 -8.1% 0.7%
    LOANPAL, LLC $75,000 $1,455,000 1,840.0% 0.7%
    KeyBank $245,000 $1,400,000 471.4% 0.7%
    BROKER SOLUTIONS, INC. $1,320,000 $1,255,000 -4.9% 0.6%
    First National Bank Texas $1,825,000 $1,090,000 -40.3% 0.5%
    JPMorgan Chase Bank $1,340,000 $945,000 -29.5% 0.5%
    Prosperity Home Mortgage, LLC $325,000 $930,000 186.2% 0.5%
    Sunflower Bank $545,000 $915,000 67.9% 0.4%
    Washington Federal Bank $630,000 $860,000 36.5% 0.4%
    CHURCHILL MORTGAGE CORPORATION $830,000 n/a 0.4%
    AMCAP MORTGAGE, LTD. $1,295,000 $790,000 -39.0% 0.4%
    AMERICAN FINANCIAL RESOURCES, INC. $475,000 $700,000 47.4% 0.3%
    HOMESIDE FINANCIAL, LLC $145,000 $695,000 379.3% 0.3%
    The Jacksboro National Bank $690,000 n/a 0.3%
    SOUTHWEST STAGE FUNDING, LLC $580,000 $670,000 15.5% 0.3%
    GUARANTEED RATE, INC. $1,020,000 $665,000 -34.8% 0.3%
    BOKF $575,000 $645,000 12.2% 0.3%
    AmeriHome Mortgage Company, LLC $320,000 $635,000 98.4% 0.3%
    NATIONS RELIABLE LENDING, LLC $115,000 $620,000 439.1% 0.3%
    Nations Lending Corporation $240,000 $490,000 104.2% 0.2%
    PLANET HOME LENDING, LLC $630,000 $460,000 -27.0% 0.2%
    VILLAGE CAPITAL MORTGAGE $2,265,000 $440,000 -80.6% 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $550,000 $430,000 -21.8% 0.2%
    CMG MORTGAGE, INC. $615,000 $415,000 -32.5% 0.2%
    First Savings Bank $415,000 n/a 0.2%
    Gateway First Bank $405,000 n/a 0.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $460,000 $400,000 -13.0% 0.2%
    MICHIGAN MUTUAL, INC. $1,420,000 $395,000 -72.2% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $240,000 $395,000 64.6% 0.2%
    COUNTRYPLACE MORTGAGE, LTD. $575,000 $385,000 -33.0% 0.2%
    BETTER MORTGAGE CORPORATION $860,000 $370,000 -57.0% 0.2%
    Bank of England $465,000 $360,000 -22.6% 0.2%
    NBKC BANK $355,000 n/a 0.2%
    CHEVRON $335,000 n/a 0.2%
    U.S. Bank $850,000 $315,000 -62.9% 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $305,000 n/a 0.1%
    CORNERSTONE HOME LENDING, INC. $325,000 $305,000 -6.2% 0.1%
    Loan Simple, Inc. $495,000 $305,000 -38.4% 0.1%
    Flagstar Bank, FSB $430,000 $300,000 -30.2% 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $3,125,000 $295,000 -90.6% 0.1%
    DEEPHAVEN MORTGAGE LLC $275,000 n/a 0.1%
    DRAPER AND KRAMER MORTGAGE CORP. $265,000 n/a 0.1%
    First Bank & Trust $640,000 $265,000 -58.6% 0.1%
    AMERICAN FINANCING CORPORATION $285,000 $255,000 -10.5% 0.1%
    Bank of America $165,000 $255,000 54.5% 0.1%
    Century Mortgage Company DBA Century Lending Company $255,000 n/a 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $795,000 $255,000 -67.9% 0.1%
    First Financial Bank $460,000 $245,000 -46.7% 0.1%
    Prosperity Bank $235,000 n/a 0.1%
    Carrington Mortgage Services, LLC $1,995,000 $220,000 -89.0% 0.1%
    MANN FINANCIAL INC. $215,000 n/a 0.1%
    Semper Home Loans, Inc. $215,000 n/a 0.1%
    First Guaranty Mortgage Corporation $840,000 $205,000 -75.6% 0.1%
    NOVA FINANCIAL & INVESTMENT CORPORATION $155,000 $205,000 32.3% 0.1%
    SWBC MORTGAGE CORPORATION $205,000 n/a 0.1%
    City Bank $195,000 n/a 0.1%
    Pioneer Bank $255,000 $195,000 -23.5% 0.1%
    PREMIA MORTGAGE, LLC $185,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $755,000 $175,000 -76.8% 0.1%
    MORTGAGE ACCESS CORP. $360,000 $175,000 -51.4% 0.1%
    NEW DAY FINANCIAL, LLC $885,000 $165,000 -81.4% 0.1%
    Wyndham Capital Mortgage, Inc. $565,000 $165,000 -70.8% 0.1%
    MYCUMORTGAGE, LLC $1,120,000 $155,000 -86.2% 0.1%
    NUSENDA $155,000 n/a 0.1%
    PHH Mortgage Corporation $155,000 n/a 0.1%
    Ally Bank $505,000 $145,000 -71.3% 0.1%
    Goldwater Bank, N.A. $145,000 n/a 0.1%
    Axos Bank $285,000 $135,000 -52.6% 0.1%
    American Bank of Commerce $115,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $980,000 $115,000 -88.3% 0.1%
    ROYAL UNITED MORTGAGE LLC $190,000 $115,000 -39.5% 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $1,000,000 $110,000 -89.0% 0.1%
    RELIANCE FIRST CAPITAL, LLC $165,000 $105,000 -36.4% 0.1%
    Discover Bank $115,000 $85,000 -26.1% 0.0%
    TRIAD FINANCIAL SERVICES, INC. $75,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $160,000 $70,000 -56.3% 0.0%
    Citizens National Bank of Texas $65,000 n/a 0.0%

    Hobbs's top lender by overall market share is Paramount Residential Mortgage Group, Inc., with 19.4% market share. In second place, with 7.3%, is GENEVA FINANCIAL, LLC, having originated $14,950,000 in loans. In third place, with 7.0%, is SANDIA LABORATORY, having originated $14,405,000 in loans. In fourth place, with 6.8%, is Neighborhood Loans, Inc., having originated $13,970,000 in loans. In fifth place, with 6.5%, is QUICKEN LOANS, LLC, having originated $13,240,000 in loans.

    Hobbs Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Hobbs (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 $164,750 (-8.2%) $188,375 (-4.5%) 0.00 224
    2018-02-01 $162,475 (-8.4%) $186,813 (-2.7%) 0.00 219
    2018-03-01 $164,500 (-3.1%) $191,209 (0.1%) 0.00 192
    2018-04-01 $166,250 (-5.0%) $192,118 (-0.8%) 0.00 167
    2018-05-01 $179,125 (2.3%) $203,331 (3.6%) 0.00 161
    2018-06-01 $179,250 (5.6%) $211,039 (7.2%) 0.00 154
    2018-07-01 $175,000 (0.0%) $213,764 (5.3%) 0.00 138
    2018-08-01 $180,850 (1.1%) $214,625 (4.8%) 0.00 141
    2018-09-01 $173,450 (-1.5%) $207,625 (1.6%) 0.00 134
    2018-10-01 $175,300 (-0.5%) $203,710 (1.9%) 0.00 124
    2018-11-01 $179,450 (2.3%) $212,679 (6.9%) 0.00 122
    2018-12-01 $189,500 (8.0%) $222,582 (13.3%) 0.00 106
    2019-01-01 $190,750 (15.8%) $235,308 (24.9%) 0.00 81
    2019-02-01 $192,000 (18.2%) $234,151 (25.3%) 0.00 83
    2019-03-01 $199,450 (13.6%) $229,311 (19.9%) 0.00 65
    2019-04-01 $191,725 (12.2%) $222,658 (15.9%) 0.00 81
    2019-05-01 $185,710 (3.7%) $222,428 (9.4%) 0.00 87
    2019-06-01 $195,000 (8.8%) $219,633 (4.1%) 0.00 101
    2019-07-01 $177,000 (1.1%) $204,840 (-4.2%) 0.00 114
    2019-08-01 $184,750 (-1.7%) $217,332 (1.3%) 0.00 108
    2019-09-01 $180,705 (3.2%) $251,039 (20.9%) 0.00 102
    2019-10-01 $181,250 (2.6%) $236,694 (16.2%) 0.00 120
    2019-11-01 $183,000 (2.0%) $226,029 (6.3%) 0.00 136
    2019-12-01 $176,500 (-6.9%) $219,047 (-1.6%) 0.00 127
    2020-01-01 $181,730 (-4.7%) $224,190 (-4.7%) 0.00 112
    2020-02-01 $185,600 (-3.3%) $215,599 (-7.9%) 0.00 116
    2020-03-01 $193,200 (3.4%) $226,651 (-1.2%) 0.00 105
    2020-04-01 $199,550 (7.0%) $226,106 (1.6%) 0.00 121
    2020-05-01 $187,500 (1.0%) $226,413 (1.8%) 0.00 121
    2020-06-01 $185,500 (-4.9%) $220,581 (0.4%) 0.00 121
    2020-07-01 $192,700 (8.9%) $222,017 (8.4%) 0.00 108
    2020-08-01 $196,000 (10.2%) $226,890 (4.4%) 0.00 104
    2020-09-01 $199,600 (11.5%) $222,111 (-11.5%) 0.00 116
    2020-10-01 $189,450 (5.3%) $219,930 (-7.1%) 0.00 112
    2020-11-01 $185,500 (1.4%) $220,452 (-2.5%) 0.00 123
    2020-12-01 $185,125 (4.9%) $221,294 (1.0%) 0.00 136
    2021-01-01 $185,500 (2.1%) $224,958 (0.3%) 0.00 141
    2021-02-01 $185,750 (0.1%) $227,835 (5.7%) 0.00 150
    2021-03-01 $195,000 (0.9%) $228,098 (0.6%) 0.00 142
    2021-04-01 $196,100 (-1.7%) $231,310 (2.3%) 0.00 130
    2021-05-01 $195,000 (4.0%) $223,947 (-1.1%) 0.00 131
    2021-06-01 $197,250 (6.3%) $231,315 (4.9%) 0.00 150
    2021-07-01 $195,000 (1.2%) $222,483 (0.2%) 0.00 150
    2021-08-01 $192,000 (-2.0%) $225,995 (-0.4%) 0.00 154
    2021-09-01 $189,850 (-4.9%) $226,022 (1.8%) 0.00 144
    2021-10-01 $189,700 (0.1%) $218,028 (-0.9%) 0.00 146
    2021-11-01 $189,500 (2.2%) $223,457 (1.4%) 0.00 147
    2021-12-01 $189,375 (2.3%) $226,185 (2.2%) 0.00 134
    2022-01-01 $195,000 (5.1%) $236,040 (4.9%) 0.00 123
    2022-02-01 $209,078 (12.6%) $256,708 (12.7%) 0.00 118
    2022-03-01 $223,250 (14.5%) $263,552 (15.5%) 0.00 108
    2022-04-01 $212,500 (8.4%) $260,906 (12.8%) 0.00 102
    2022-05-01 $198,475 (1.8%) $249,742 (11.5%) 0.00 92
    2022-06-01 $209,725 (6.3%) $260,064 (12.4%) 0.00 89
    2022-07-01 $206,156 (5.7%) $256,594 (15.3%) 0.00 108
    2022-08-01 $218,750 (13.9%) $265,861 (17.6%) 0.00 111
    2022-09-01 $208,750 (10.0%) $255,438 (13.0%) 0.00 109
    2022-10-01 $215,000 (13.3%) $247,034 (13.3%) 0.00 107
    2022-11-01 $222,450 (17.4%) $251,932 (12.7%) 0.00 123
    2022-12-01 $224,900 (18.8%) $252,205 (11.5%) 0.00 118
    2023-01-01 $247,500 (26.9%) $263,269 (11.5%) 0.00 113
    2023-02-01 $237,500 (13.6%) $255,828 (-0.3%) 0.00 96
    2023-03-01 $224,925 (0.8%) $256,941 (-2.5%) 0.00 90
    2023-04-01 $220,000 (0.0%) $261,207 (0.1%) 0.00 81
    Hobbs's median listing price for 2023-04-01 was $220,000, a difference of $7,500 (0.0%) versus the prior year and $-4,925 versus the prior month.

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

    Hobbs's average listing price for 2023-04-01 was $261,207, a difference of $301 (0.1%) versus the prior year and $4,266 versus the prior month.

    For the 2023-04-01 period, Hobbs had 81 MLS listings, a difference of -9 listings (-10%) versus the prior month and -21 listings (-21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hobbs (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,667 sqft
    2018-02-01 0 days 1,644 sqft
    2018-03-01 0 days 1,641 sqft
    2018-04-01 0 days 1,623 sqft
    2018-05-01 0 days 1,700 sqft
    2018-06-01 0 days 1,723 sqft
    2018-07-01 0 days 1,718 sqft
    2018-08-01 0 days 1,809 sqft
    2018-09-01 0 days 1,878 sqft
    2018-10-01 0 days 1,890 sqft
    2018-11-01 0 days 1,892 sqft
    2018-12-01 0 days 1,903 sqft
    2019-01-01 0 days 1,920 sqft
    2019-02-01 0 days 1,862 sqft
    2019-03-01 0 days 1,799 sqft
    2019-04-01 0 days 1,830 sqft
    2019-05-01 0 days 1,811 sqft
    2019-06-01 0 days 1,744 sqft
    2019-07-01 0 days 1,620 sqft
    2019-08-01 0 days 1,815 sqft
    2019-09-01 0 days 1,728 sqft
    2019-10-01 0 days 1,805 sqft
    2019-11-01 0 days 1,765 sqft
    2019-12-01 0 days 1,760 sqft
    2020-01-01 0 days 1,730 sqft
    2020-02-01 0 days 1,800 sqft
    2020-03-01 0 days 1,825 sqft
    2020-04-01 0 days 1,839 sqft
    2020-05-01 0 days 1,763 sqft
    2020-06-01 0 days 1,715 sqft
    2020-07-01 0 days 1,811 sqft
    2020-08-01 0 days 1,848 sqft
    2020-09-01 0 days 1,828 sqft
    2020-10-01 0 days 1,850 sqft
    2020-11-01 0 days 1,760 sqft
    2020-12-01 0 days 1,774 sqft
    2021-01-01 0 days 1,782 sqft
    2021-02-01 0 days 1,815 sqft
    2021-03-01 0 days 1,840 sqft
    2021-04-01 0 days 1,843 sqft
    2021-05-01 0 days 1,809 sqft
    2021-06-01 0 days 1,811 sqft
    2021-07-01 0 days 1,822 sqft
    2021-08-01 0 days 1,853 sqft
    2021-09-01 0 days 1,800 sqft
    2021-10-01 0 days 1,795 sqft
    2021-11-01 0 days 1,742 sqft
    2021-12-01 0 days 1,719 sqft
    2022-01-01 0 days 1,766 sqft
    2022-02-01 0 days 1,800 sqft
    2022-03-01 0 days 1,827 sqft
    2022-04-01 0 days 1,822 sqft
    2022-05-01 0 days 1,783 sqft
    2022-06-01 0 days 1,831 sqft
    2022-07-01 0 days 1,839 sqft
    2022-08-01 0 days 1,843 sqft
    2022-09-01 0 days 1,809 sqft
    2022-10-01 0 days 1,768 sqft
    2022-11-01 0 days 1,789 sqft
    2022-12-01 0 days 1,800 sqft
    2023-01-01 0 days 1,840 sqft
    2023-02-01 0 days 1,803 sqft
    2023-03-01 0 days 1,813 sqft
    2023-04-01 0 days 1,800 sqft
    Hobbs's median listing age (time on market) for 2023-04-01 was 0 days.

    Hobbs's median square footage for active listings during the 2023-04-01 period was 1,800 sqft. One year prior, the average listing was 1,822 sqft.

    Hobbs, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 693 $162,515,000 $234,509
    Cash Out Refi 97 $17,935,000 $184,897
    Refi 93 $18,885,000 $203,065
    Other 9 $1,535,000 $170,556
    Home Improvement 7 $3,945,000 $563,571

    Hobbs's most frequently cited loan purpose was Home Purchase, with 693 originations. The 2nd most popular reason was Cash Out Refi, with 97 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 226 $68,510,000 $303,142
    4-5% 200 $42,810,000 $214,050
    3-4% 186 $37,450,000 $201,344
    6-7% 115 $22,035,000 $191,609
    Over 8% 52 $7,540,000 $145,000
    7-8% 45 $12,015,000 $267,000
    2.5-3% 43 $8,045,000 $187,093
    <2.5% 13 $2,375,000 $182,692

    During 2022, Hobbs's most frequently originated rate bucket was 5-6%, with 226 originations.

    Loan Sizing (Hobbs, NM MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 386 $102,730,000 $266,140
    $100k-200k 372 $55,990,000 $150,511
    $100,000 or less 109 $6,745,000 $61,881
    $400k-600k 23 $10,345,000 $449,783
    $Over $1MM 5 $25,915,000 $5,183,000
    $600k-1000k 4 $3,090,000 $772,500

    Hobbs's loan sizing saw the bucket of loans from $200k-400k with 386 originations, totaling $102,730,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 658 $140,590,000 $213,663
    60-80% 117 $38,875,000 $332,265
    40-60% 35 $4,105,000 $117,286
    Over 100% 27 $8,985,000 $332,778
    Under 20% 22 $130,000 $5,909
    20-40% 14 $6,580,000 $470,000

    Hobbs's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 658 originations, totaling $140,590,000 in origination value.