Ruidoso Mortgage Rates
30 Year Fixed Rate mortgages in Ruidoso averaged
6%
for the week of 2022-06-23, compared to the national average of
5.81% for the same period.
The average rate for the prior week (2022-06-16) was
6.07% and
one month ago for the week of 2022-05-19, the
average rate was 5.44%.
Ruidoso's average rate one year ago was 3.1%.
For refis of the same type during the week of 2022-06-23, the average rate
was 5.75%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-06-23 | 5.81% |
| Ruidoso 30 Year Fixed Rate | 2022-06-23 | 6% |
| Ruidoso 30 Year Fixed Rate Refi | 2022-06-23 | 5.75% |
| Ruidoso 15 Year Fixed Rate | 2022-06-23 | 5.75% |
| Ruidoso 15 Year Fixed Rate Refi | 2022-06-23 | 5.02% |
| Ruidoso 30 Year FHA | 2022-06-23 | 0.55% |
| Ruidoso 30 Year FHA Refi | 2022-06-23 | 0.1% |
| Ruidoso 30 Year USDA | 2022-06-23 | 0.71% |
| Ruidoso 30 Year USDA Refi | 2022-06-23 | 4.62% |
| Ruidoso 30 Year VA | 2022-06-23 | 0.42% |
| Ruidoso 30 Year VA Refi | 2022-06-23 | 0.06% |
Ruidoso 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 Ruidoso, 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.).
Ruidoso, NM's 102 lenders originated 1,007
loans during 2021. The total origination value was $255,435,000, with an average loan value of
$253,659.
The top Ruidoso lender as defined by loan originations is City Bank, with
86 loans originated. Their average total fees are
$4,696, which is $1,263
higher than the next largest lender,
Flagstar Bank, FSB.
The lowest fee Ruidoso lenders (with over 10 loans originated) are
First American Bank ($2,200), Century Mortgage Company DBA Century Lending Company ($3,010), Flagstar Bank, FSB ($3,433), UNITED WHOLESALE MORTGAGE, LLC ($3,479) and BROKER SOLUTIONS, INC. ($3,490).
The lowest rate Ruidoso lenders (with over 10 loans originated) are
Wells Fargo Bank (2.98%), QUICKEN LOANS, LLC (3.05%), BROKER SOLUTIONS, INC. (3.09%), First American Bank (3.12%) and UNITED WHOLESALE MORTGAGE, LLC (3.17%).
Ruidoso, 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 |
|---|---|---|---|---|
| City Bank | $26,525,000 | $28,575,000 | 7.7% | 11.2% |
| Flagstar Bank, FSB | $37,055,000 | $27,755,000 | -25.1% | 10.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,810,000 | $22,260,000 | 484.3% | 8.7% |
| QUICKEN LOANS, LLC | $16,850,000 | $18,365,000 | 9.0% | 7.2% |
| BROKER SOLUTIONS, INC. | $795,000 | $11,635,000 | 1,363.5% | 4.6% |
| Wells Fargo Bank | $4,330,000 | $9,170,000 | 111.8% | 3.6% |
| CALIBER HOME LOANS, INC. | $6,135,000 | $8,205,000 | 33.7% | 3.2% |
| First American Bank | $12,580,000 | $6,915,000 | -45.0% | 2.7% |
| Century Mortgage Company DBA Century Lending Company | $5,830,000 | n/a | 2.3% | |
| JPMorgan Chase Bank | $3,840,000 | $4,845,000 | 26.2% | 1.9% |
| FREEDOM MORTGAGE CORPORATION | $3,205,000 | $4,205,000 | 31.2% | 1.6% |
| LOANDEPOT.COM, LLC | $4,525,000 | $3,465,000 | -23.4% | 1.4% |
| Waterstone Mortgage Corporation | $770,000 | $3,060,000 | 297.4% | 1.2% |
| Mortgage Research Center, LLC | $2,035,000 | $2,760,000 | 35.6% | 1.1% |
| AMCAP MORTGAGE, LTD. | $935,000 | $2,545,000 | 172.2% | 1.0% |
| Bank of America | $960,000 | $2,400,000 | 150.0% | 0.9% |
| AMERISAVE MORTGAGE CORPORATION | $380,000 | $2,285,000 | 501.3% | 0.9% |
| Community National Bank | $305,000 | $2,240,000 | 634.4% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $470,000 | $2,130,000 | 353.2% | 0.8% |
| First Financial Bank | $2,070,000 | $2,110,000 | 1.9% | 0.8% |
| Pioneer Bank | $2,345,000 | $1,900,000 | -19.0% | 0.7% |
| Washington Federal Bank | $375,000 | $1,890,000 | 404.0% | 0.7% |
| LRS FINANCIAL NETWORK, INC. | $2,965,000 | $1,835,000 | -38.1% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $1,005,000 | $1,830,000 | 82.1% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,140,000 | $1,695,000 | 48.7% | 0.7% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $415,000 | $1,670,000 | 302.4% | 0.7% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $200,000 | $1,585,000 | 692.5% | 0.6% |
| Morgan Stanley Private Bank | $515,000 | $1,490,000 | 189.3% | 0.6% |
| Citizens Bank of Las Cruces | $1,035,000 | $1,425,000 | 37.7% | 0.6% |
| First Savings Bank | $1,425,000 | $1,400,000 | -1.8% | 0.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,245,000 | $1,385,000 | 11.2% | 0.5% |
| First Bank & Trust | $3,700,000 | $1,365,000 | -63.1% | 0.5% |
| NEWREZ LLC | $960,000 | $1,345,000 | 40.1% | 0.5% |
| LEGACY MORTGAGE LLC | $1,300,000 | n/a | 0.5% | |
| BETTER MORTGAGE CORPORATION | $1,295,000 | n/a | 0.5% | |
| Prosperity Bank | $930,000 | $1,285,000 | 38.2% | 0.5% |
| CERTAINTY HOME LOANS, LLC | $1,275,000 | n/a | 0.5% | |
| 21ST MORTGAGE CORPORATION | $2,330,000 | $1,245,000 | -46.6% | 0.5% |
| The Federal Savings Bank | $1,235,000 | n/a | 0.5% | |
| TEXAS TECH | $2,080,000 | $1,175,000 | -43.5% | 0.5% |
| STEARNS LENDING, LLC | $10,120,000 | $1,135,000 | -88.8% | 0.4% |
| BBVA USA | $785,000 | $1,080,000 | 37.6% | 0.4% |
| Charles Schwab Bank, SSB | $1,080,000 | n/a | 0.4% | |
| Barrington Bank & Trust Company, N.A. | $215,000 | $1,070,000 | 397.7% | 0.4% |
| PLAZA HOME MORTGAGE, INC. | $1,065,000 | n/a | 0.4% | |
| First United Bank and Trust Company | $1,040,000 | n/a | 0.4% | |
| CORNERSTONE HOME LENDING, INC. | $985,000 | n/a | 0.4% | |
| SUN WEST MORTGAGE COMPANY, INC. | $955,000 | n/a | 0.4% | |
| GUARANTEED RATE, INC. | $770,000 | $865,000 | 12.3% | 0.3% |
| MICHIGAN MUTUAL, INC. | $845,000 | n/a | 0.3% | |
| Gateway First Bank | $1,615,000 | $835,000 | -48.3% | 0.3% |
| CADENCE LENDING GROUP, INC. | $265,000 | $830,000 | 213.2% | 0.3% |
| NEW DAY FINANCIAL, LLC | $825,000 | $820,000 | -0.6% | 0.3% |
| Truist Bank | $265,000 | $810,000 | 205.7% | 0.3% |
| Nations Lending Corporation | $550,000 | $770,000 | 40.0% | 0.3% |
| Western Commerce Bank | $540,000 | $760,000 | 40.7% | 0.3% |
| First United Bank | $1,050,000 | $730,000 | -30.5% | 0.3% |
| USAA Federal Savings Bank | $2,450,000 | $730,000 | -70.2% | 0.3% |
| FirstLight Federal Credit Union | $165,000 | $710,000 | 330.3% | 0.3% |
| V.I.P. MORTGAGE, INC. | $700,000 | n/a | 0.3% | |
| CASTLE & COOKE MORTGAGE, LLC | $680,000 | n/a | 0.3% | |
| LENDUS, LLC | $680,000 | n/a | 0.3% | |
| Amarillo National Bank | $930,000 | $665,000 | -28.5% | 0.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $850,000 | $665,000 | -21.8% | 0.3% |
| MOVEMENT MORTGAGE, LLC | $265,000 | $660,000 | 149.1% | 0.3% |
| BOKF | $495,000 | $655,000 | 32.3% | 0.3% |
| Commerce Home Mortgage, Inc. | $105,000 | $650,000 | 519.0% | 0.3% |
| PNC Bank | $195,000 | $635,000 | 225.6% | 0.2% |
| PLANET HOME LENDING, LLC | $205,000 | $630,000 | 207.3% | 0.2% |
| White Sands Federal Credit Union | $1,240,000 | $625,000 | -49.6% | 0.2% |
| SouthStar Bank, S.S.B. | $605,000 | n/a | 0.2% | |
| CLEARPATH LENDING | $405,000 | $585,000 | 44.4% | 0.2% |
| FirstCapital Bank of Texas | $585,000 | n/a | 0.2% | |
| FINANCE OF AMERICA MORTGAGE LLC | $565,000 | n/a | 0.2% | |
| U.S. Bank | $95,000 | $560,000 | 489.5% | 0.2% |
| City National Bank | $555,000 | n/a | 0.2% | |
| First Savings Bank | $1,425,000 | $545,000 | -61.8% | 0.2% |
| KELLER MORTGAGE, LLC | $530,000 | n/a | 0.2% | |
| IMPAC MORTGAGE CORP. | $525,000 | n/a | 0.2% | |
| ANGEL OAK HOME LOANS LLC | $455,000 | $505,000 | 11.0% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $1,185,000 | $490,000 | -58.6% | 0.2% |
| The First National Bank of Anson | $485,000 | n/a | 0.2% | |
| Prime Choice Funding Inc. | $165,000 | $475,000 | 187.9% | 0.2% |
| LOANPAL, LLC | $335,000 | $470,000 | 40.3% | 0.2% |
| TIAA, FSB | $135,000 | $465,000 | 244.4% | 0.2% |
| NBKC BANK | $460,000 | n/a | 0.2% | |
| Happy State Bank | $225,000 | $445,000 | 97.8% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $650,000 | $445,000 | -31.5% | 0.2% |
| LONGBRIDGE FINANCIAL, LLC | $445,000 | n/a | 0.2% | |
| Bank of the West | $345,000 | $420,000 | 21.7% | 0.2% |
| SOUTHWEST FUNDING, LP | $155,000 | $420,000 | 171.0% | 0.2% |
| CMG MORTGAGE, INC. | $1,265,000 | $410,000 | -67.6% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $205,000 | $410,000 | 100.0% | 0.2% |
| Vantage Bank Texas | $405,000 | n/a | 0.2% | |
| SIWELL, INC. | $260,000 | $400,000 | 53.8% | 0.2% |
| Bell Bank | $395,000 | n/a | 0.2% | |
| First State Bank | $395,000 | n/a | 0.2% | |
| HOMESTEAD FUNDING CORP. | $385,000 | $395,000 | 2.6% | 0.2% |
| AMERICAN INTERNET MORTGAGE, INC. | $390,000 | n/a | 0.2% | |
| Citizens Bank | $385,000 | n/a | 0.2% | |
| EL PASO AREA TEACHERS | $380,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $380,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $1,665,000 | $375,000 | -77.5% | 0.1% |
| FIRST NATIONAL BANK OF WEATHERFORD | $375,000 | n/a | 0.1% | |
| LEADERONE FINANCIAL CORPORATION | $375,000 | n/a | 0.1% | |
| VILLAGE CAPITAL & INVESTMENT LLC | $255,000 | $375,000 | 47.1% | 0.1% |
| ZILLOW HOME LOANS, LLC | $325,000 | $365,000 | 12.3% | 0.1% |
| TBK BANK, SSB | $355,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $185,000 | $350,000 | 89.2% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $495,000 | $345,000 | -30.3% | 0.1% |
| The First National Bank of McGregor | $335,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $330,000 | n/a | 0.1% | |
| Affiliated Bank | $325,000 | n/a | 0.1% | |
| Veritex Community Bank | $325,000 | n/a | 0.1% | |
| American Airlines Federal Credit Union | $315,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $315,000 | n/a | 0.1% | |
| Sunflower Bank | $315,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $360,000 | $310,000 | -13.9% | 0.1% |
| HOME POINT FINANCIAL CORPORATION | $1,025,000 | $305,000 | -70.2% | 0.1% |
| Kirtland Federal Credit Union | $55,000 | $305,000 | 454.5% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $105,000 | $300,000 | 185.7% | 0.1% |
| GUILD MORTGAGE COMPANY | $300,000 | n/a | 0.1% | |
| GoPrime Mortgage, Inc. | $295,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $295,000 | n/a | 0.1% | |
| Ally Bank | $1,550,000 | $285,000 | -81.6% | 0.1% |
| Ixonia Bank | $275,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $275,000 | n/a | 0.1% | |
| Simmons Bank | $275,000 | n/a | 0.1% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $270,000 | n/a | 0.1% | |
| ACCELERATE MORTGAGE, LLC | $265,000 | n/a | 0.1% | |
| NP, Inc. | $255,000 | n/a | 0.1% | |
| Flanagan State Bank | $195,000 | $245,000 | 25.6% | 0.1% |
| North Dallas Bank & Trust Co. | $245,000 | n/a | 0.1% | |
| First Internet Bank of Indiana | $240,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $235,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $290,000 | $230,000 | -20.7% | 0.1% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $215,000 | n/a | 0.1% | |
| ACADEMY MORTGAGE CORPORATION | $205,000 | n/a | 0.1% | |
| Enterprise Bank & Trust | $215,000 | $205,000 | -4.7% | 0.1% |
| Legend Bank, N.A. | $205,000 | n/a | 0.1% | |
| Colonial Savings, F.A. | $310,000 | $195,000 | -37.1% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $195,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $195,000 | n/a | 0.1% | |
| KeyBank | $195,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $260,000 | $185,000 | -28.8% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $600,000 | $185,000 | -69.2% | 0.1% |
| Western Bank | $185,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $180,000 | n/a | 0.1% | |
| CROSSCOUNTRY MORTGAGE, LLC | $175,000 | n/a | 0.1% | |
| InterContinental Capital Group, Inc | $175,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $435,000 | $165,000 | -62.1% | 0.1% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $165,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $165,000 | n/a | 0.1% | |
| Amerifirst Financial, Inc. | $175,000 | $155,000 | -11.4% | 0.1% |
| GRANITE FEDERAL CREDIT UNION | $155,000 | n/a | 0.1% | |
| Network Funding, L.P. | $505,000 | $155,000 | -69.3% | 0.1% |
| Plains Commerce Bank | $145,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $490,000 | $145,000 | -70.4% | 0.1% |
| Southwest Bank | $460,000 | $145,000 | -68.5% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $430,000 | $135,000 | -68.6% | 0.1% |
| VeraBank | $135,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $125,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $125,000 | n/a | 0.0% | |
| Northpointe Bank | $720,000 | $125,000 | -82.6% | 0.0% |
| Stifel Bank and Trust | $125,000 | n/a | 0.0% | |
| EVOLVE | $115,000 | $115,000 | 0.0% | 0.0% |
| First New Mexico Bank, Las Cruces | $105,000 | n/a | 0.0% | |
| STATE EMPLOYEES | $25,000 | $95,000 | 280.0% | 0.0% |
| Austin Capital Bank SSB | $85,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $65,000 | n/a | 0.0% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $580,000 | $65,000 | -88.8% | 0.0% |
Ruidoso's top lender by overall market share is City Bank, with 11.2% market share. In second place, with 10.9%, is Flagstar Bank, FSB, having originated $27,755,000 in loans. In third place, with 8.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $22,260,000 in loans. In third place, with 7.2%, is QUICKEN LOANS, LLC, having originated $18,365,000 in loans. In third place, with 4.6%, is BROKER SOLUTIONS, INC., having originated $11,635,000 in loans.
Ruidoso, NM Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 578 | $158,400,000 | $274,048 |
| Refi | 285 | $64,685,000 | $226,965 |
| Cash Out Refi | 116 | $24,040,000 | $207,241 |
| Other | 17 | $6,325,000 | $372,059 |
| Home Improvement | 11 | $1,985,000 | $180,455 |
Ruidoso's most frequently cited loan purpose was Home Purchase, with 578 originations. The 2nd most popular reason was Refi, with 285 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 384 | $94,950,000 | $247,266 |
| 2.5-3% | 355 | $88,545,000 | $249,423 |
| <2.5% | 166 | $48,110,000 | $289,819 |
| 4-5% | 46 | $11,410,000 | $248,043 |
| 5-6% | 20 | $2,610,000 | $130,500 |
| 6-7% | 7 | $565,000 | $80,714 |
| 7-8% | 1 | $245,000 | $245,000 |
| Over 8% | 1 | $115,000 | $115,000 |
During 2021, Ruidoso's most frequently originated rate bucket was 3-4%, with 384 originations.
Loan Sizing (Ruidoso, NM MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 436 | $119,800,000 | $274,771 |
| $100k-200k | 355 | $54,185,000 | $152,634 |
| $400k-600k | 111 | $52,355,000 | $471,667 |
| $100,000 or less | 77 | $5,745,000 | $74,610 |
| $600k-1000k | 24 | $17,800,000 | $741,667 |
| $Over $1MM | 4 | $5,550,000 | $1,387,500 |
Ruidoso's loan sizing saw the bucket of loans from $200k-400k with 436 originations, totaling $119,800,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 381 | $103,815,000 | $272,480 |
| 60-80% | 342 | $90,920,000 | $265,848 |
| 40-60% | 170 | $35,700,000 | $210,000 |
| 20-40% | 46 | $7,780,000 | $169,130 |
| Over 100% | 11 | $3,775,000 | $343,182 |
| Under 20% | 6 | $210,000 | $35,000 |
Ruidoso's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 381 originations, totaling $103,815,000 in origination value.
