Hobbs Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Hobbs averaged 7.3% for the week of 2025-04-10, compared to the national average of 6.62% for the same period.

    The average rate for the prior week (2025-04-03) was 7.32% and one month ago for the week of 2025-03-06, the average rate was 6.91%.

    Hobbs's average rate one year ago was 7.5%.

    For refis of the same type during the week of 2025-04-10, the average rate was 7.22%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-10 6.62%
    Hobbs 30 Year Fixed Rate 2025-04-10 7.3%
    Hobbs 30 Year Fixed Rate Refi 2025-04-10 7.22%
    Hobbs 15 Year Fixed Rate 2025-04-10 5.92%
    Hobbs 15 Year Fixed Rate Refi 2025-04-10 5.92%
    Hobbs 30 Year FHA 2025-04-10 6.87%
    Hobbs 30 Year FHA Refi 2025-04-10 6.23%
    Hobbs 30 Year USDA 2025-04-10 6.55%
    Hobbs 30 Year USDA Refi 2025-04-10 6.55%
    Hobbs 30 Year VA 2025-04-10 6.39%
    Hobbs 30 Year VA Refi 2025-04-10 6.49%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 22 6.92% $7,040
    Paramount Residential Mortgage Group, Inc. 20 7.02% $6,042
    21ST MORTGAGE CORPORATION 20 8.74% $6,732
    JPMorgan Chase Bank 18 6.77% $4,730
    CROSSCOUNTRY MORTGAGE, LLC 17 6.87% $7,988
    GENEVA FINANCIAL, LLC 15 6.78% $6,710
    PRIMELENDING, A PLAINSCAPITAL COMPANY 10 7.18% $6,606
    Wells Fargo Bank 5 6.73% $4,178
    SOUTHWEST FUNDING, LP 4 7.19% $7,052
    DIRECTORS MORTGAGE, INC. 4 6.91% $9,833
    GUILD MORTGAGE COMPANY 3 6.50% $5,478
    MICHIGAN MUTUAL, INC. 2 7.25% $7,159
    First National Bank of America 2 9.25% $7,788
    GUARANTEED RATE AFFINITY, LLC 2 6.69% $1,836
    HOMESIDE FINANCIAL, LLC 2 6.81% $8,061
    ZILLOW HOME LOANS, LLC 2 6.75% $3,911
    CMG MORTGAGE, INC. 1 7.25% $10,439
    Washington Federal Bank 1 7.00% $4,436
    Carrington Mortgage Services, LLC 1 7.12% $16,501
    Ally Bank 1 6.25% $6,880
    BROKER SOLUTIONS, INC. 1 7.13% $8,648
    LENDSURE MORTGAGE CORP. 1 9.00% $9,660
    Loan Simple, Inc. 1 7.13% $11,989
    BOKF 1 7.38% $4,620
    MOUNTAIN AMERICA 1 7.63% $4,941
    MOVEMENT MORTGAGE, LLC 1 7.94% $4,991
    Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $7,570
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.88% $6,971
    MYCUMORTGAGE, LLC 1 6.50% $4,305
    NBKC BANK 1 5.63% $13,642
    NUSENDA 1 6.38% $4,102
    BETTER MORTGAGE CORPORATION 1 6.38% $10,217
    Performance Financial, Inc. 1 7.00% $10,091
    PHH Mortgage Corporation 1 6.63% $7,011
    Bank of America 1 5.13% $8,801
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 9.00% $5,134
    Sierra Pacific Mortgage Company, Inc. 1 7.25% $4,015
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.50% $3,063
    SWBC MORTGAGE CORPORATION 1 5.88% $6,320
    TEXAS TECH 1 7.13% $5,535
    THE MORTGAGE LINK, INC. 1 6.63% $9,838
    UNITED WHOLESALE MORTGAGE, LLC 1 8.00% $4,539
    USAA Federal Savings Bank 1 6.88% $4,252
    Discover Bank 1 7.86% $0
    First American Bank 1 6.50% $3,628
    U.S. Bank 1 7.75% $4,462
    FREEDOM MORTGAGE CORPORATION 1 7.88% $7,245

    Hobbs Average Closing Costs & Other Stats

    Hobbs, NM's 47 lenders originated 783 loans during 2024. The total origination value was $159,405,000, with an average loan value of $203,582.

    Hobbs's average closing costs are $6,776.

    The top Hobbs lender as defined by loan originations is QUICKEN LOANS, LLC, with 22 loans originated. Their average total fees are $7,040, which is $998 higher than the next largest lender, Paramount Residential Mortgage Group, Inc..

    The lowest fee Hobbs lenders (with over 10 loans originated) are JPMorgan Chase Bank ($4,730), Paramount Residential Mortgage Group, Inc. ($6,042), PRIMELENDING, A PLAINSCAPITAL COMPANY ($6,606), GENEVA FINANCIAL, LLC ($6,710) and 21ST MORTGAGE CORPORATION ($6,732).

    The lowest rate Hobbs lenders (with over 10 loans originated) are JPMorgan Chase Bank (6.77%), GENEVA FINANCIAL, LLC (6.78%), CROSSCOUNTRY MORTGAGE, LLC (6.87%), QUICKEN LOANS, LLC (6.92%) and Paramount Residential Mortgage Group, Inc. (7.02%).

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    Paramount Residential Mortgage Group, Inc. $27,500,000 $29,560,000 7.5% 18.5%
    GENEVA FINANCIAL, LLC $17,690,000 $17,305,000 -2.2% 10.9%
    CROSSCOUNTRY MORTGAGE, LLC $13,225,000 $12,970,000 -1.9% 8.1%
    21ST MORTGAGE CORPORATION $7,120,000 $10,530,000 47.9% 6.6%
    QUICKEN LOANS, LLC $8,450,000 $9,325,000 10.4% 5.8%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $630,000 $8,805,000 1,297.6% 5.5%
    Arbor Realty Trust, Inc. $7,245,000 n/a 4.5%
    First American Bank $6,495,000 $5,050,000 -22.2% 3.2%
    SOUTHWEST FUNDING, LP $3,935,000 n/a 2.5%
    DIRECTORS MORTGAGE, INC. $3,195,000 $3,470,000 8.6% 2.2%
    JPMorgan Chase Bank $1,200,000 $3,420,000 185.0% 2.1%
    PENNYMAC LOAN SERVICES, LLC $1,885,000 $3,145,000 66.8% 2.0%
    Western Commerce Bank $2,765,000 $2,785,000 0.7% 1.7%
    UNITED WHOLESALE MORTGAGE, LLC $775,000 $2,610,000 236.8% 1.6%
    Mortgage Research Center, LLC $2,335,000 $2,525,000 8.1% 1.6%
    FREEDOM MORTGAGE CORPORATION $145,000 $2,500,000 1,624.1% 1.6%
    VILLAGE CAPITAL MORTGAGE $420,000 $1,440,000 242.9% 0.9%
    Wells Fargo Bank $1,920,000 $1,365,000 -28.9% 0.9%
    Equity Prime Mortgage LLC $1,350,000 n/a 0.8%
    GUILD MORTGAGE COMPANY $510,000 $1,290,000 152.9% 0.8%
    NEWREZ LLC $655,000 $915,000 39.7% 0.6%
    AMERISAVE MORTGAGE CORPORATION $725,000 $910,000 25.5% 0.6%
    Bank of America $430,000 $820,000 90.7% 0.5%
    Waterstone Mortgage Corporation $815,000 n/a 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $145,000 $770,000 431.0% 0.5%
    CMG MORTGAGE, INC. $1,285,000 $680,000 -47.1% 0.4%
    Loan Simple, Inc. $265,000 $670,000 152.8% 0.4%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $640,000 $660,000 3.1% 0.4%
    AmeriHome Mortgage Company, LLC $610,000 n/a 0.4%
    HOMESIDE FINANCIAL, LLC $605,000 n/a 0.4%
    GUARANTEED RATE AFFINITY, LLC $560,000 $590,000 5.4% 0.4%
    BROKER SOLUTIONS, INC. $1,025,000 $530,000 -48.3% 0.3%
    Sunflower Bank $490,000 $530,000 8.2% 0.3%
    Carrington Mortgage Services, LLC $305,000 $505,000 65.6% 0.3%
    TEXAS TECH $480,000 n/a 0.3%
    BOKF $15,000 $460,000 2,966.7% 0.3%
    SECURITYNATIONAL MORTGAGE COMPANY $445,000 n/a 0.3%
    PLANET HOME LENDING, LLC $425,000 n/a 0.3%
    SOUTHWEST STAGE FUNDING, LLC $270,000 $420,000 55.6% 0.3%
    U.S. Bank $355,000 $415,000 16.9% 0.3%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $405,000 n/a 0.3%
    AMERICAN FINANCIAL RESOURCES, INC. $630,000 $395,000 -37.3% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $390,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $250,000 $370,000 48.0% 0.2%
    MICHIGAN MUTUAL, INC. $340,000 n/a 0.2%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $335,000 n/a 0.2%
    Plains Commerce Bank $235,000 $335,000 42.6% 0.2%
    Prosperity Bank $335,000 n/a 0.2%
    PlainsCapital Bank $325,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $315,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $335,000 $315,000 -6.0% 0.2%
    OCMBC, INC. $305,000 n/a 0.2%
    Flagstar Bank, FSB $265,000 $300,000 13.2% 0.2%
    MID AMERICA MORTGAGE, INC. $295,000 n/a 0.2%
    TRIAD FINANCIAL SERVICES, INC. $295,000 n/a 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $230,000 $280,000 21.7% 0.2%
    BETTER MORTGAGE CORPORATION $275,000 n/a 0.2%
    SWBC MORTGAGE CORPORATION $275,000 n/a 0.2%
    NBKC BANK $265,000 n/a 0.2%
    COUNTRYPLACE MORTGAGE, LTD. $280,000 $260,000 -7.1% 0.2%
    First National Bank Texas $335,000 $260,000 -22.4% 0.2%
    MOVEMENT MORTGAGE, LLC $255,000 n/a 0.2%
    USAA Federal Savings Bank $255,000 n/a 0.2%
    UNION HOME MORTGAGE CORP. $245,000 n/a 0.2%
    First National Bank of America $530,000 $240,000 -54.7% 0.2%
    LENDSURE MORTGAGE CORP. $415,000 $235,000 -43.4% 0.1%
    MORTGAGE ACCESS CORP. $235,000 n/a 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $225,000 n/a 0.1%
    Performance Financial, Inc. $215,000 n/a 0.1%
    NAVY FEDERAL CREDIT UNION $640,000 $210,000 -67.2% 0.1%
    THE MORTGAGE LINK, INC. $205,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $145,000 $185,000 27.6% 0.1%
    Washington Federal Bank $185,000 n/a 0.1%
    AMWEST FUNDING CORP. $180,000 n/a 0.1%
    Coastal Community Bank $300,000 $180,000 -40.0% 0.1%
    MOUNTAIN AMERICA $180,000 n/a 0.1%
    NUSENDA $180,000 n/a 0.1%
    Prosperity Home Mortgage, LLC $285,000 $175,000 -38.6% 0.1%
    Citadel Servicing Corporation $450,000 $165,000 -63.3% 0.1%
    Kirtland Federal Credit Union $165,000 n/a 0.1%
    CORNERSTONE HOME LENDING, INC. $155,000 n/a 0.1%
    UNIFY FINANCIAL Credit Union $155,000 n/a 0.1%
    Bell Bank $145,000 n/a 0.1%
    LOANPAL, LLC $280,000 $145,000 -48.2% 0.1%
    Discover Bank $250,000 $125,000 -50.0% 0.1%
    PHH Mortgage Corporation $125,000 n/a 0.1%
    Figure Lending LLC $40,000 $115,000 187.5% 0.1%
    Sierra Pacific Mortgage Company, Inc. $290,000 $115,000 -60.3% 0.1%
    MYCUMORTGAGE, LLC $110,000 n/a 0.1%
    SPRING EQ, LLC $110,000 n/a 0.1%
    Ally Bank $95,000 n/a 0.1%
    LOANDEPOT.COM, LLC $695,000 $95,000 -86.3% 0.1%
    LIMA ONE CAPITAL, LLC $75,000 $85,000 13.3% 0.1%
    S1L, Inc. $85,000 n/a 0.1%
    The Loan Store, Inc. $85,000 n/a 0.1%
    AMERICAN FIRST $55,000 n/a 0.0%
    PENTAGON FEDERAL CREDIT UNION $175,000 $55,000 -68.6% 0.0%

    Hobbs's top lender by overall market share is Paramount Residential Mortgage Group, Inc., with 18.5% market share. In second place, with 10.9%, is GENEVA FINANCIAL, LLC, having originated $17,305,000 in loans. In third place, with 8.1%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $12,970,000 in loans. In fourth place, with 6.6%, is 21ST MORTGAGE CORPORATION, having originated $10,530,000 in loans. In fifth place, with 5.8%, is QUICKEN LOANS, LLC, having originated $9,325,000 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 (-8.3%) $188,375 (-4.7%) 0.00 224
    2018-02-01 $162,600 (-8.4%) $185,991 (-3.4%) 0.00 219
    2018-03-01 $161,500 (-4.9%) $189,480 (-1.0%) 0.00 192
    2018-04-01 $164,000 (-6.3%) $190,837 (-1.6%) 0.00 167
    2018-05-01 $177,000 (0.9%) $201,656 (2.5%) 0.00 161
    2018-06-01 $177,000 (3.4%) $209,071 (5.9%) 0.00 154
    2018-07-01 $174,125 (-0.5%) $212,417 (4.5%) 0.00 138
    2018-08-01 $180,350 (0.6%) $215,113 (4.8%) 0.00 141
    2018-09-01 $176,000 (-0.1%) $206,877 (1.0%) 0.00 134
    2018-10-01 $175,300 (-0.8%) $203,710 (1.6%) 0.00 124
    2018-11-01 $179,450 (2.3%) $212,744 (7.0%) 0.00 122
    2018-12-01 $189,000 (7.4%) $223,162 (13.3%) 0.00 106
    2019-01-01 $193,250 (17.3%) $235,483 (25.0%) 0.00 81
    2019-02-01 $192,000 (18.1%) $234,151 (25.9%) 0.00 83
    2019-03-01 $186,840 (15.7%) $228,713 (20.7%) 0.00 77
    2019-04-01 $186,565 (13.8%) $221,751 (16.2%) 0.00 81
    2019-05-01 $185,710 (4.9%) $222,428 (10.3%) 0.00 87
    2019-06-01 $195,000 (10.2%) $219,633 (5.1%) 0.00 101
    2019-07-01 $177,000 (1.7%) $204,840 (-3.6%) 0.00 114
    2019-08-01 $177,818 (-1.4%) $218,023 (1.4%) 0.00 115
    2019-09-01 $179,045 (1.7%) $235,224 (13.7%) 0.00 117
    2019-10-01 $179,864 (2.6%) $234,782 (15.3%) 0.00 120
    2019-11-01 $183,000 (2.0%) $226,029 (6.2%) 0.00 136
    2019-12-01 $176,500 (-6.6%) $219,047 (-1.8%) 0.00 127
    2020-01-01 $181,730 (-6.0%) $224,190 (-4.8%) 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 (-0.9%) 0.00 105
    2020-04-01 $199,550 (7.0%) $226,106 (2.0%) 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 (4.1%) 0.00 104
    2020-09-01 $199,600 (11.5%) $222,111 (-5.6%) 0.00 116
    2020-10-01 $189,450 (5.3%) $219,930 (-6.3%) 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 $194,975 (-2.3%) $230,857 (2.1%) 0.00 129
    2021-05-01 $195,000 (4.0%) $223,085 (-1.5%) 0.00 130
    2021-06-01 $196,738 (6.1%) $230,497 (4.5%) 0.00 149
    2021-07-01 $193,500 (0.4%) $221,639 (-0.2%) 0.00 149
    2021-08-01 $191,500 (-2.3%) $225,155 (-0.8%) 0.00 153
    2021-09-01 $189,750 (-4.9%) $225,144 (1.4%) 0.00 143
    2021-10-01 $189,500 (0.0%) $217,115 (-1.3%) 0.00 145
    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 (9.0%) $260,906 (13.0%) 0.00 102
    2022-05-01 $198,475 (1.8%) $249,742 (12.0%) 0.00 92
    2022-06-01 $209,725 (6.6%) $260,064 (12.8%) 0.00 89
    2022-07-01 $206,156 (6.5%) $256,594 (15.8%) 0.00 108
    2022-08-01 $218,750 (14.2%) $265,861 (18.1%) 0.00 111
    2022-09-01 $208,750 (10.0%) $255,438 (13.5%) 0.00 109
    2022-10-01 $215,000 (13.5%) $247,034 (13.8%) 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 (3.5%) $261,207 (0.1%) 0.00 81
    2023-05-01 $227,500 (14.6%) $272,848 (9.3%) 0.00 71
    2023-06-01 $210,578 (0.4%) $253,407 (-2.6%) 0.00 78
    2023-07-01 $225,000 (9.1%) $255,958 (-0.3%) 0.00 82
    2023-08-01 $228,500 (4.5%) $256,703 (-3.4%) 0.00 84
    2023-09-01 $225,000 (7.8%) $247,570 (-3.1%) 0.00 81
    2023-10-01 $225,000 (4.7%) $259,103 (4.9%) 0.00 88
    2023-11-01 $215,000 (-3.4%) $255,049 (1.2%) 0.00 84
    2023-12-01 $207,000 (-8.0%) $251,343 (-0.3%) 0.00 77
    2024-01-01 $195,000 (-21.2%) $232,404 (-11.7%) 0.00 73
    2024-02-01 $193,500 (-18.5%) $268,108 (4.8%) 0.00 72
    2024-03-01 $196,750 (-12.5%) $268,981 (4.7%) 0.00 82
    2024-04-01 $196,828 (-10.5%) $302,187 (15.7%) 0.00 73
    2024-05-01 $197,828 (-13.0%) $306,382 (12.3%) 0.00 76
    2024-06-01 $203,656 (-3.3%) $302,283 (19.3%) 0.00 83
    2024-07-01 $238,500 (6.0%) $325,391 (27.1%) 0.00 72
    2024-08-01 $246,000 (7.7%) $305,743 (19.1%) 0.00 86
    2024-09-01 $279,500 (24.2%) $300,150 (21.2%) 0.00 83
    2024-10-01 $281,125 (24.9%) $305,125 (17.8%) 0.00 92
    2024-11-01 $272,050 (26.5%) $305,763 (19.9%) 0.00 80
    2024-12-01 $286,200 (38.3%) $308,435 (22.7%) 0.00 76
    2025-01-01 $292,450 (50.0%) $314,587 (35.4%) 0.00 82
    2025-02-01 $301,531 (55.8%) $316,671 (18.1%) 0.00 82
    2025-03-01 $257,500 (30.9%) $300,656 (11.8%) 0.00 71
    Hobbs's median listing price for 2025-03-01 was $257,500, a difference of $60,750 (30.9%) versus the prior year and $-44,031 versus the prior month.

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

    Hobbs's average listing price for 2025-03-01 was $300,656, a difference of $31,675 (11.8%) versus the prior year and $-16,015 versus the prior month.

    For the 2025-03-01 period, Hobbs had 71 MLS listings, a difference of -11 listings (-13%) versus the prior month and -11 listings (-13%) 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 1,641 sqft
    2018-03-01 0 days 1,634 sqft
    2018-04-01 0 days 1,605 sqft
    2018-05-01 0 days 1,676 sqft
    2018-06-01 0 days 1,718 sqft
    2018-07-01 0 days 1,730 sqft
    2018-08-01 0 days 1,806 sqft
    2018-09-01 0 days 1,872 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 1,924 sqft
    2019-02-01 0 days 1,864 sqft
    2019-03-01 0 days 1,805 sqft
    2019-04-01 0 days 1,816 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 1,693 sqft
    2019-09-01 0 days 1,754 sqft
    2019-10-01 0 days 1,794 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 1,801 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 1,768 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 1,829 sqft
    2021-05-01 0 days 1,806 sqft
    2021-06-01 0 days 1,808 sqft
    2021-07-01 0 days 1,817 sqft
    2021-08-01 0 days 1,851 sqft
    2021-09-01 0 days 1,800 sqft
    2021-10-01 0 days 1,789 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
    2023-05-01 0 days 1,868 sqft
    2023-06-01 0 days 1,802 sqft
    2023-07-01 0 days 1,860 sqft
    2023-08-01 0 days 1,937 sqft
    2023-09-01 0 days 1,893 sqft
    2023-10-01 0 days 1,963 sqft
    2023-11-01 0 days 1,921 sqft
    2023-12-01 0 days 1,894 sqft
    2024-01-01 0 days 1,726 sqft
    2024-02-01 0 days 1,706 sqft
    2024-03-01 0 days 1,751 sqft
    2024-04-01 0 days 1,767 sqft
    2024-05-01 0 days 1,913 sqft
    2024-06-01 0 days 1,856 sqft
    2024-07-01 0 days 2,008 sqft
    2024-08-01 0 days 1,990 sqft
    2024-09-01 0 days 2,022 sqft
    2024-10-01 0 days 1,986 sqft
    2024-11-01 0 days 1,960 sqft
    2024-12-01 0 days 2,016 sqft
    2025-01-01 0 days 2,081 sqft
    2025-02-01 0 days 2,032 sqft
    2025-03-01 0 days 1,934 sqft
    Hobbs's median listing age (time on market) for 2025-03-01 was 0 days.

    Hobbs's median square footage for active listings during the 2025-03-01 period was 1,934 sqft. One year prior, the average listing was 1,751 sqft.

    Hobbs, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 616 $120,350,000 $195,373
    Refi 69 $27,475,000 $398,188
    Cash Out Refi 57 $8,185,000 $143,596
    Other 26 $2,360,000 $90,769
    Home Improvement 15 $1,035,000 $69,000

    Hobbs's most frequently cited loan purpose was Home Purchase, with 616 originations. The 2nd most popular reason was Refi, with 69 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 304 $68,070,000 $223,914
    7-8% 186 $40,130,000 $215,753
    Over 8% 163 $18,415,000 $112,975
    5-6% 87 $28,125,000 $323,276
    <2.5% 22 $330,000 $15,000
    4-5% 5 $1,225,000 $245,000

    During 2024, Hobbs's most frequently originated rate bucket was 6-7%, with 304 originations.

    Loan Sizing (Hobbs, NM MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 315 $88,685,000 $281,540
    $100k-200k 260 $39,200,000 $150,769
    $100,000 or less 177 $7,435,000 $42,006
    $400k-600k 25 $11,415,000 $456,600
    $600k-1000k 3 $2,225,000 $741,667
    $Over $1MM 3 $10,445,000 $3,481,667

    Hobbs's loan sizing saw the bucket of loans from $200k-400k with 315 originations, totaling $88,685,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 508 $115,980,000 $228,307
    Under 20% 90 $1,280,000 $14,222
    60-80% 70 $15,820,000 $226,000
    40-60% 36 $12,770,000 $354,722
    20-40% 35 $2,675,000 $76,429
    Over 100% 11 $2,665,000 $242,273

    Hobbs's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 508 originations, totaling $115,980,000 in origination value.