Portales 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 Portales averaged 6.66% for the week of 2025-05-22, compared to the national average of 6.86% for the same period.

    The average rate for the prior week (2025-05-15) was 7.01% and one month ago for the week of 2025-04-17, the average rate was 6.63%.

    Portales's average rate one year ago was 6.92%.

    For refis of the same type during the week of 2025-05-22, the average rate was 7.46%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-05-22 6.86%
    Portales 30 Year Fixed Rate 2025-05-22 6.66%
    Portales 30 Year Fixed Rate Refi 2025-05-22 7.46%
    Portales 15 Year Fixed Rate 2025-05-22 6.01%
    Portales 15 Year Fixed Rate Refi 2025-05-22 6.61%
    Portales 30 Year FHA 2025-05-22 6.81%
    Portales 30 Year FHA Refi 2025-05-22 6.61%
    Portales 30 Year USDA 2025-05-22 6.63%
    Portales 30 Year USDA Refi 2025-05-22 6.23%
    Portales 30 Year VA 2025-05-22 6.32%
    Portales 30 Year VA Refi 2025-05-22 6.32%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Portales, NM.

    Portales 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 Portales, 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
    PRIMARY RESIDENTIAL MORTGAGE, INC. 16 6.91% $4,762
    QUICKEN LOANS, LLC 8 7.03% $5,779
    AMERISAVE MORTGAGE CORPORATION 3 7.46% $8,501
    Bell Bank 3 6.62% $3,061
    UNITED WHOLESALE MORTGAGE, LLC 3 7.17% $4,501
    First Financial Credit Union 3 6.58% $3,634
    21ST MORTGAGE CORPORATION 2 8.40% $5,836
    U.S. Bank 2 6.25% $3,473
    Wells Fargo Bank 2 6.44% $4,439
    FLAT BRANCH MORTGAGE, INC. 1 7.13% $6,409
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.99% $3,058
    Equity Prime Mortgage LLC 1 10.63% $10,626
    SUN WEST MORTGAGE COMPANY, INC. 1 7.13% $7,562
    CHURCHILL MORTGAGE CORPORATION 1 7.63% $8,711
    USAA Federal Savings Bank 1 7.13% $3,232
    JPMorgan Chase Bank 1 6.00% $3,137
    NAVY FEDERAL CREDIT UNION 1 5.63% $4,409

    Portales Average Closing Costs & Other Stats

    Portales, NM's 17 lenders originated 204 loans during 2024. The total origination value was $27,830,000, with an average loan value of $136,422.

    Portales's average closing costs are $4,979.

    The top Portales lender as defined by loan originations is PRIMARY RESIDENTIAL MORTGAGE, INC., with 16 loans originated. Their average total fees are $4,762, which is $1,016 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Portales lenders (with over 10 loans originated) are PRIMARY RESIDENTIAL MORTGAGE, INC. ($4,762), .

    The lowest rate Portales lenders (with over 10 loans originated) are PRIMARY RESIDENTIAL MORTGAGE, INC. (6.91%), .

    Portales, 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
    PRIMARY RESIDENTIAL MORTGAGE, INC. $7,565,000 $6,410,000 -15.3% 23.0%
    Bell Bank $2,440,000 $2,485,000 1.8% 8.9%
    QUICKEN LOANS, LLC $2,705,000 $1,920,000 -29.0% 6.9%
    Mortgage Research Center, LLC $2,145,000 $1,675,000 -21.9% 6.0%
    NAVY FEDERAL CREDIT UNION $3,265,000 $1,415,000 -56.7% 5.1%
    FREEDOM MORTGAGE CORPORATION $745,000 n/a 2.7%
    UNITED WHOLESALE MORTGAGE, LLC $655,000 $740,000 13.0% 2.7%
    PENNYMAC LOAN SERVICES, LLC $255,000 $660,000 158.8% 2.4%
    21ST MORTGAGE CORPORATION $810,000 $630,000 -22.2% 2.3%
    NEW DAY FINANCIAL, LLC $535,000 n/a 1.9%
    Barrington Bank & Trust Company, N.A. $525,000 n/a 1.9%
    USAA Federal Savings Bank $255,000 $520,000 103.9% 1.9%
    SUN WEST MORTGAGE COMPANY, INC. $465,000 n/a 1.7%
    AMERISAVE MORTGAGE CORPORATION $260,000 $440,000 69.2% 1.6%
    JPMorgan Chase Bank $420,000 n/a 1.5%
    Wells Fargo Bank $755,000 $420,000 -44.4% 1.5%
    Mr. Cooper ( Nationstar Mortgage ) $400,000 n/a 1.4%
    CARDINAL FINANCIAL $305,000 $375,000 23.0% 1.3%
    PHH Mortgage Corporation $375,000 n/a 1.3%
    U.S. Bank $100,000 $375,000 275.0% 1.3%
    Sierra Pacific Mortgage Company, Inc. $370,000 n/a 1.3%
    First Financial Credit Union $240,000 $330,000 37.5% 1.2%
    TEXAS TECH $315,000 n/a 1.1%
    CHURCHILL MORTGAGE CORPORATION $245,000 $305,000 24.5% 1.1%
    Nations Lending Corporation $300,000 n/a 1.1%
    GUILD MORTGAGE COMPANY $215,000 $285,000 32.6% 1.0%
    HOMESIDE FINANCIAL, LLC $285,000 n/a 1.0%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $275,000 n/a 1.0%
    MID AMERICA MORTGAGE, INC. $275,000 n/a 1.0%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $270,000 n/a 1.0%
    BROKER SOLUTIONS, INC. $250,000 $255,000 2.0% 0.9%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $95,000 $250,000 163.2% 0.9%
    Western Commerce Bank $250,000 n/a 0.9%
    FLAT BRANCH MORTGAGE, INC. $75,000 $225,000 200.0% 0.8%
    Equity Prime Mortgage LLC $215,000 n/a 0.8%
    ENVOY MORTGAGE, LTD $195,000 n/a 0.7%
    LOANPAL, LLC $185,000 n/a 0.7%
    DIRECTORS MORTGAGE, INC. $155,000 $165,000 6.5% 0.6%
    Kirtland Federal Credit Union $155,000 n/a 0.6%
    Wallick & Volk, Inc. $150,000 $145,000 -3.3% 0.5%
    LOANDEPOT.COM, LLC $125,000 $125,000 0.0% 0.4%
    PENTAGON FEDERAL CREDIT UNION $245,000 $105,000 -57.1% 0.4%
    VANDERBILT MORTGAGE AND FINANCE, INC. $95,000 n/a 0.3%
    City Bank $85,000 n/a 0.3%
    GUARANTEED RATE, INC. $235,000 $85,000 -63.8% 0.3%
    FINANCE OF AMERICA REVERSE LLC $75,000 n/a 0.3%
    SANDIA LABORATORY $160,000 $55,000 -65.6% 0.2%
    SPRING EQ, LLC $55,000 n/a 0.2%
    Armed Forces Bank $45,000 n/a 0.2%
    Coastal Community Bank $85,000 $40,000 -52.9% 0.1%
    AMERICA FIRST $25,000 n/a 0.1%

    Portales's top lender by overall market share is PRIMARY RESIDENTIAL MORTGAGE, INC., with 23.0% market share. In second place, with 8.9%, is Bell Bank, having originated $2,485,000 in loans. In third place, with 6.9%, is QUICKEN LOANS, LLC, having originated $1,920,000 in loans. In fourth place, with 6.0%, is Mortgage Research Center, LLC, having originated $1,675,000 in loans. In fifth place, with 5.1%, is NAVY FEDERAL CREDIT UNION, having originated $1,415,000 in loans.

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

    Realtor.com - Portales (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 $144,600 (-2.3%) $153,601 (4.4%) 0.00 120
    2018-02-01 $155,000 (2.0%) $155,213 (3.4%) 0.00 115
    2018-03-01 $156,000 (3.3%) $157,875 (5.5%) 0.00 122
    2018-04-01 $154,950 (4.7%) $156,352 (8.5%) 0.00 126
    2018-05-01 $149,500 (0.3%) $153,307 (3.3%) 0.00 117
    2018-06-01 $149,000 (-0.6%) $152,062 (-0.6%) 0.00 120
    2018-07-01 $152,225 (-1.3%) $152,730 (-2.4%) 0.00 124
    2018-08-01 $150,425 (-6.1%) $154,939 (-4.9%) 0.00 114
    2018-09-01 $147,750 (-7.6%) $150,337 (-11.2%) 0.00 113
    2018-10-01 $144,900 (-10.0%) $147,982 (-9.8%) 0.00 109
    2018-11-01 $145,000 (-5.8%) $149,022 (-6.2%) 0.00 110
    2018-12-01 $145,000 (-3.7%) $151,027 (-3.8%) 0.00 115
    2019-01-01 $144,250 (-0.2%) $152,175 (-0.9%) 0.00 105
    2019-02-01 $145,000 (-6.5%) $156,224 (0.7%) 0.00 103
    2019-03-01 $145,000 (-7.1%) $156,551 (-0.8%) 0.00 99
    2019-04-01 $147,000 (-5.1%) $159,778 (2.2%) 0.00 100
    2019-05-01 $148,000 (-1.0%) $156,549 (2.1%) 0.00 94
    2019-06-01 $149,900 (0.6%) $165,809 (9.0%) 0.00 90
    2019-07-01 $157,250 (3.3%) $169,853 (11.2%) 0.00 95
    2019-08-01 $157,818 (4.9%) $170,019 (9.7%) 0.00 92
    2019-09-01 $156,795 (6.1%) $168,352 (12.0%) 0.00 92
    2019-10-01 $154,225 (6.4%) $161,856 (9.4%) 0.00 93
    2019-11-01 $149,000 (2.8%) $155,965 (4.7%) 0.00 92
    2019-12-01 $148,250 (2.2%) $155,582 (3.0%) 0.00 91
    2020-01-01 $150,000 (4.0%) $159,991 (5.1%) 0.00 87
    2020-02-01 $155,000 (6.9%) $165,406 (5.9%) 0.00 88
    2020-03-01 $155,500 (7.2%) $163,436 (4.4%) 0.00 92
    2020-04-01 $152,250 (3.6%) $156,085 (-2.3%) 0.00 87
    2020-05-01 $149,500 (1.0%) $150,525 (-3.9%) 0.00 83
    2020-06-01 $151,150 (0.8%) $150,393 (-9.3%) 0.00 77
    2020-07-01 $143,750 (-8.6%) $146,998 (-13.5%) 0.00 74
    2020-08-01 $145,000 (-8.1%) $149,386 (-12.1%) 0.00 70
    2020-09-01 $142,225 (-9.3%) $149,831 (-11.0%) 0.00 69
    2020-10-01 $160,750 (4.2%) $162,750 (0.6%) 0.00 73
    2020-11-01 $174,475 (17.1%) $171,118 (9.7%) 0.00 77
    2020-12-01 $177,000 (19.4%) $176,378 (13.4%) 0.00 72
    2021-01-01 $175,000 (16.7%) $175,628 (9.8%) 0.00 70
    2021-02-01 $166,700 (7.6%) $167,393 (1.2%) 0.00 75
    2021-03-01 $154,225 (-0.8%) $163,529 (0.1%) 0.00 72
    2021-04-01 $153,000 (0.5%) $165,598 (6.1%) 0.00 73
    2021-05-01 $148,000 (-1.0%) $163,672 (8.7%) 0.00 65
    2021-06-01 $149,450 (-1.1%) $165,667 (10.2%) 0.00 59
    2021-07-01 $146,000 (1.6%) $157,782 (7.3%) 0.00 59
    2021-08-01 $148,250 (2.2%) $169,298 (13.3%) 0.00 54
    2021-09-01 $159,700 (12.3%) $169,607 (13.2%) 0.00 52
    2021-10-01 $175,000 (8.9%) $175,184 (7.6%) 0.00 55
    2021-11-01 $159,000 (-8.9%) $166,745 (-2.6%) 0.00 59
    2021-12-01 $149,500 (-15.5%) $158,921 (-9.9%) 0.00 48
    2022-01-01 $149,000 (-14.9%) $163,567 (-6.9%) 0.00 36
    2022-02-01 $149,500 (-10.3%) $171,627 (2.5%) 0.00 35
    2022-03-01 $151,500 (-1.8%) $172,954 (5.8%) 0.00 37
    2022-04-01 $149,000 (-2.6%) $174,714 (5.5%) 0.00 34
    2022-05-01 $157,500 (6.4%) $176,487 (7.8%) 0.00 44
    2022-06-01 $163,000 (9.1%) $175,862 (6.2%) 0.00 40
    2022-07-01 $174,500 (19.5%) $189,129 (19.9%) 0.00 39
    2022-08-01 $177,000 (19.4%) $203,341 (20.1%) 0.00 42
    2022-09-01 $174,750 (9.4%) $204,664 (20.7%) 0.00 43
    2022-10-01 $180,500 (3.1%) $206,993 (18.2%) 0.00 40
    2022-11-01 $190,000 (19.5%) $216,770 (30.0%) 0.00 35
    2022-12-01 $179,000 (19.7%) $219,362 (38.0%) 0.00 37
    2023-01-01 $184,225 (23.6%) $219,999 (34.5%) 0.00 39
    2023-02-01 $179,000 (19.7%) $223,765 (30.4%) 0.00 44
    2023-03-01 $189,500 (25.1%) $227,907 (31.8%) 0.00 49
    2023-04-01 $217,000 (45.6%) $242,703 (38.9%) 0.00 46
    2023-05-01 $214,450 (36.2%) $241,645 (36.9%) 0.00 43
    2023-06-01 $247,975 (52.1%) $272,599 (55.0%) 0.00 38
    2023-07-01 $227,500 (30.4%) $250,410 (32.4%) 0.00 45
    2023-08-01 $212,000 (19.8%) $244,744 (20.4%) 0.00 46
    2023-09-01 $205,000 (17.3%) $234,205 (14.4%) 0.00 50
    2023-10-01 $197,750 (9.6%) $218,858 (5.7%) 0.00 56
    2023-11-01 $190,325 (0.2%) $217,805 (0.5%) 0.00 61
    2023-12-01 $186,250 (4.1%) $217,967 (-0.6%) 0.00 53
    2024-01-01 $186,375 (1.2%) $220,347 (0.2%) 0.00 58
    2024-02-01 $188,000 (5.0%) $223,991 (0.1%) 0.00 59
    2024-03-01 $187,000 (-1.3%) $221,869 (-2.7%) 0.00 63
    2024-04-01 $192,250 (-11.4%) $223,626 (-7.9%) 0.00 67
    2024-05-01 $197,500 (-7.9%) $215,134 (-11.0%) 0.00 74
    2024-06-01 $184,950 (-25.4%) $211,984 (-22.2%) 0.00 74
    2024-07-01 $213,500 (-6.2%) $220,657 (-11.9%) 0.00 71
    2024-08-01 $207,000 (-2.4%) $220,242 (-10.0%) 0.00 76
    2024-09-01 $208,675 (1.8%) $225,943 (-3.5%) 0.00 76
    2024-10-01 $204,750 (3.5%) $227,233 (3.8%) 0.00 72
    2024-11-01 $195,000 (2.5%) $223,909 (2.8%) 0.00 75
    2024-12-01 $197,000 (5.8%) $227,624 (4.4%) 0.00 76
    Portales's median listing price for 2024-12-01 was $197,000, a difference of $10,750 (5.8%) versus the prior year and $2,000 versus the prior month.

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

    Portales's average listing price for 2024-12-01 was $227,624, a difference of $9,657 (4.4%) versus the prior year and $3,715 versus the prior month.

    For the 2024-12-01 period, Portales had 76 MLS listings, a difference of 1 listings (1%) versus the prior month and 23 listings (43%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Portales (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,755 sqft
    2018-02-01 0 days 1,758 sqft
    2018-03-01 0 days 1,769 sqft
    2018-04-01 0 days 1,745 sqft
    2018-05-01 0 days 1,742 sqft
    2018-06-01 0 days 1,753 sqft
    2018-07-01 0 days 1,743 sqft
    2018-08-01 0 days 1,771 sqft
    2018-09-01 0 days 1,787 sqft
    2018-10-01 0 days 1,772 sqft
    2018-11-01 0 days 1,776 sqft
    2018-12-01 0 days 1,784 sqft
    2019-01-01 0 days 1,816 sqft
    2019-02-01 0 days 1,821 sqft
    2019-03-01 0 days 1,819 sqft
    2019-04-01 0 days 1,802 sqft
    2019-05-01 0 days 1,749 sqft
    2019-06-01 0 days 1,775 sqft
    2019-07-01 0 days 1,820 sqft
    2019-08-01 0 days 1,893 sqft
    2019-09-01 0 days 1,897 sqft
    2019-10-01 0 days 1,894 sqft
    2019-11-01 0 days 1,847 sqft
    2019-12-01 0 days 1,827 sqft
    2020-01-01 0 days 1,882 sqft
    2020-02-01 0 days 1,847 sqft
    2020-03-01 0 days 1,842 sqft
    2020-04-01 0 days 1,768 sqft
    2020-05-01 0 days 1,696 sqft
    2020-06-01 0 days 1,674 sqft
    2020-07-01 0 days 1,707 sqft
    2020-08-01 0 days 1,664 sqft
    2020-09-01 0 days 1,686 sqft
    2020-10-01 0 days 1,800 sqft
    2020-11-01 0 days 1,793 sqft
    2020-12-01 0 days 1,837 sqft
    2021-01-01 0 days 1,847 sqft
    2021-02-01 0 days 1,864 sqft
    2021-03-01 0 days 1,810 sqft
    2021-04-01 0 days 1,775 sqft
    2021-05-01 0 days 1,766 sqft
    2021-06-01 0 days 1,740 sqft
    2021-07-01 0 days 1,682 sqft
    2021-08-01 0 days 1,689 sqft
    2021-09-01 0 days 1,710 sqft
    2021-10-01 0 days 1,814 sqft
    2021-11-01 0 days 1,773 sqft
    2021-12-01 0 days 1,777 sqft
    2022-01-01 0 days 1,756 sqft
    2022-02-01 0 days 1,656 sqft
    2022-03-01 0 days 1,757 sqft
    2022-04-01 0 days 1,755 sqft
    2022-05-01 0 days 1,750 sqft
    2022-06-01 0 days 1,771 sqft
    2022-07-01 0 days 1,758 sqft
    2022-08-01 0 days 1,759 sqft
    2022-09-01 0 days 1,812 sqft
    2022-10-01 0 days 1,864 sqft
    2022-11-01 0 days 1,857 sqft
    2022-12-01 0 days 1,779 sqft
    2023-01-01 0 days 1,792 sqft
    2023-02-01 0 days 1,801 sqft
    2023-03-01 0 days 1,774 sqft
    2023-04-01 0 days 1,822 sqft
    2023-05-01 0 days 1,763 sqft
    2023-06-01 0 days 1,793 sqft
    2023-07-01 0 days 1,772 sqft
    2023-08-01 0 days 1,761 sqft
    2023-09-01 0 days 1,750 sqft
    2023-10-01 0 days 1,674 sqft
    2023-11-01 0 days 1,673 sqft
    2023-12-01 0 days 1,678 sqft
    2024-01-01 0 days 1,701 sqft
    2024-02-01 0 days 1,710 sqft
    2024-03-01 0 days 1,719 sqft
    2024-04-01 0 days 1,727 sqft
    2024-05-01 0 days 1,755 sqft
    2024-06-01 0 days 1,766 sqft
    2024-07-01 0 days 1,802 sqft
    2024-08-01 0 days 1,757 sqft
    2024-09-01 0 days 1,721 sqft
    2024-10-01 0 days 1,711 sqft
    2024-11-01 0 days 1,703 sqft
    2024-12-01 0 days 1,691 sqft
    Portales's median listing age (time on market) for 2024-12-01 was 0 days.

    Portales's median square footage for active listings during the 2024-12-01 period was 1,691 sqft. One year prior, the average listing was 1,678 sqft.

    Portales, NM Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 156 $20,690,000 $132,628
    Cash Out Refi 25 $3,205,000 $128,200
    Refi 13 $3,085,000 $237,308
    Other 7 $465,000 $66,429
    Home Improvement 3 $385,000 $128,333

    Portales's most frequently cited loan purpose was Home Purchase, with 156 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 89 $13,315,000 $149,607
    7-8% 34 $5,300,000 $155,882
    5-6% 32 $5,970,000 $186,563
    Over 8% 26 $1,710,000 $65,769
    <2.5% 17 $475,000 $27,941
    4-5% 2 $450,000 $225,000
    3-4% 1 $235,000 $235,000
    2.5-3% 1 $125,000 $125,000

    During 2024, Portales's most frequently originated rate bucket was 6-7%, with 89 originations.

    Loan Sizing (Portales, NM MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 79 $11,525,000 $145,886
    $100,000 or less 76 $3,050,000 $40,132
    $200k-400k 48 $12,730,000 $265,208
    $400k-600k 1 $525,000 $525,000

    Portales's loan sizing saw the bucket of loans from $100k-200k with 79 originations, totaling $11,525,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 94 $17,290,000 $183,936
    Under 20% 42 $650,000 $15,476
    60-80% 35 $4,855,000 $138,714
    40-60% 12 $1,070,000 $89,167
    Over 100% 7 $1,635,000 $233,571
    20-40% 5 $235,000 $47,000

    Portales's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 94 originations, totaling $17,290,000 in origination value.