Hobbs Mortgage Rates & Closing Costs

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.