Taos Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Taos averaged
6.32%
for the week of 2024-10-03, compared to the national average of
6.12% for the same period.
The average rate for the prior week (2024-09-26) was
6.38% and
one month ago for the week of 2024-08-29, the
average rate was 6.35%.
Taos's average rate one year ago was 7.31%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.22%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Taos 30 Year Fixed Rate | 2024-10-03 | 6.32% |
Taos 30 Year Fixed Rate Refi | 2024-10-03 | 6.22% |
Taos 15 Year Fixed Rate | 2024-10-03 | 5.15% |
Taos 15 Year Fixed Rate Refi | 2024-10-03 | 5.15% |
Taos 30 Year FHA | 2024-10-03 | 5.79% |
Taos 30 Year FHA Refi | 2024-10-03 | 5.89% |
Taos 30 Year USDA | 2024-10-03 | 5.97% |
Taos 30 Year USDA Refi | 2024-10-03 | 6.17% |
Taos 30 Year VA | 2024-10-03 | 5.7% |
Taos 30 Year VA Refi | 2024-10-03 | 5.7% |
Taos 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 Taos, 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.).
Taos Average Closing Costs & Other Stats
Taos, NM's 61 lenders originated 339
loans during 2023. The total origination value was $94,595,000, with an average loan value of
$279,041.
Taos's average closing costs are $5,599.
The top Taos lender as defined by loan originations is QUICKEN LOANS, LLC, with
25 loans originated. Their average total fees are
$8,424, which is $1,890
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Taos lenders (with over 10 loans originated) are
NUSENDA ($4,058), UNITED WHOLESALE MORTGAGE, LLC ($6,534), QUICKEN LOANS, LLC ($8,424), .
The lowest rate Taos lenders (with over 10 loans originated) are
NUSENDA (6.11%), QUICKEN LOANS, LLC (6.91%), UNITED WHOLESALE MORTGAGE, LLC (7.13%), .
Taos, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
UNITED WHOLESALE MORTGAGE, LLC | $11,855,000 | $9,580,000 | -19.2% | 10.1% |
QUICKEN LOANS, LLC | $32,685,000 | $9,235,000 | -71.7% | 9.8% |
NUSENDA | $4,795,000 | $5,520,000 | 15.1% | 5.8% |
21ST MORTGAGE CORPORATION | $3,750,000 | $4,365,000 | 16.4% | 4.6% |
Waterstone Mortgage Corporation | $4,005,000 | $3,480,000 | -13.1% | 3.7% |
NBH Bank | $6,490,000 | $2,800,000 | -56.9% | 3.0% |
Wells Fargo Bank | $3,895,000 | $2,785,000 | -28.5% | 2.9% |
Flagstar Bank, FSB | $12,245,000 | $2,680,000 | -78.1% | 2.8% |
DIRECTORS MORTGAGE, INC. | $2,545,000 | n/a | 2.7% | |
U.S. Bank | $5,035,000 | $2,150,000 | -57.3% | 2.3% |
JPMorgan Chase Bank | $5,475,000 | $2,000,000 | -63.5% | 2.1% |
GUARANTEED RATE, INC. | $1,520,000 | $1,835,000 | 20.7% | 1.9% |
Bank of America | $1,055,000 | $1,640,000 | 55.5% | 1.7% |
Liberty Bank and Trust Company | $1,505,000 | n/a | 1.6% | |
SANDIA LABORATORY | $720,000 | $1,440,000 | 100.0% | 1.5% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $1,305,000 | n/a | 1.4% | |
GENEVA FINANCIAL, LLC | $590,000 | $1,275,000 | 116.1% | 1.3% |
Morgan Stanley Private Bank | $645,000 | $1,220,000 | 89.1% | 1.3% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $775,000 | $1,220,000 | 57.4% | 1.3% |
The Huntington National Bank | $575,000 | $1,110,000 | 93.0% | 1.2% |
BOKF | $2,870,000 | $1,095,000 | -61.8% | 1.2% |
FBC MORTGAGE, LLC | $1,630,000 | $1,080,000 | -33.7% | 1.1% |
Bell Bank | $1,455,000 | $1,025,000 | -29.6% | 1.1% |
USAA Federal Savings Bank | $305,000 | $945,000 | 209.8% | 1.0% |
Citibank | $930,000 | n/a | 1.0% | |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,350,000 | $930,000 | -31.1% | 1.0% |
Northpointe Bank | $175,000 | $875,000 | 400.0% | 0.9% |
PENTAGON FEDERAL CREDIT UNION | $445,000 | $875,000 | 96.6% | 0.9% |
Nations Lending Corporation | $285,000 | $850,000 | 198.2% | 0.9% |
Enterprise Bank & Trust | $350,000 | $805,000 | 130.0% | 0.9% |
MID AMERICA MORTGAGE, INC. | $255,000 | $795,000 | 211.8% | 0.8% |
ZILLOW HOME LOANS, LLC | $700,000 | $790,000 | 12.9% | 0.8% |
MOUNTAIN AMERICA | $205,000 | $750,000 | 265.9% | 0.8% |
CORNERSTONE HOME LENDING, INC. | $415,000 | $745,000 | 79.5% | 0.8% |
RELIANCE FIRST CAPITAL, LLC | $995,000 | $740,000 | -25.6% | 0.8% |
PLAZA HOME MORTGAGE, INC. | $1,475,000 | $720,000 | -51.2% | 0.8% |
MOVEMENT MORTGAGE, LLC | $705,000 | n/a | 0.7% | |
Mr. Cooper ( Nationstar Mortgage ) | $270,000 | $645,000 | 138.9% | 0.7% |
Del Norte Credit Union | $310,000 | $640,000 | 106.5% | 0.7% |
Century Mortgage Company DBA Century Lending Company | $630,000 | n/a | 0.7% | |
MICHIGAN MUTUAL, INC. | $595,000 | n/a | 0.6% | |
PNC Bank | $1,015,000 | $535,000 | -47.3% | 0.6% |
First-Citizens Bank & Trust Company | $525,000 | n/a | 0.6% | |
CMG MORTGAGE, INC. | $510,000 | n/a | 0.5% | |
Gateway First Bank | $785,000 | $495,000 | -36.9% | 0.5% |
UNION SQUARE | $675,000 | $495,000 | -26.7% | 0.5% |
FIRST COMMUNITY MORTGAGE, INC. | $5,045,000 | $485,000 | -90.4% | 0.5% |
AMERISAVE MORTGAGE CORPORATION | $1,730,000 | $475,000 | -72.5% | 0.5% |
TRIAD FINANCIAL SERVICES, INC. | $470,000 | n/a | 0.5% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $465,000 | n/a | 0.5% | |
Charles Schwab Bank, SSB | $1,560,000 | $445,000 | -71.5% | 0.5% |
First State Bank | $355,000 | $435,000 | 22.5% | 0.5% |
City Bank | $425,000 | n/a | 0.4% | |
Mortgage Research Center, LLC | $1,455,000 | $425,000 | -70.8% | 0.4% |
PENNYMAC LOAN SERVICES, LLC | $2,250,000 | $415,000 | -81.6% | 0.4% |
CASTLE & COOKE MORTGAGE, LLC | $405,000 | n/a | 0.4% | |
CHEVRON | $830,000 | $405,000 | -51.2% | 0.4% |
Axos Bank | $385,000 | n/a | 0.4% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $720,000 | $365,000 | -49.3% | 0.4% |
The Central Trust Bank | $365,000 | n/a | 0.4% | |
VALOR BANK | $365,000 | n/a | 0.4% | |
First Horizon Bank | $355,000 | n/a | 0.4% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $245,000 | $355,000 | 44.9% | 0.4% |
BAY EQUITY LLC | $365,000 | $335,000 | -8.2% | 0.4% |
Farmers Bank & Trust | $335,000 | n/a | 0.4% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $975,000 | $325,000 | -66.7% | 0.3% |
Commerce Home Mortgage, Inc. | $185,000 | $305,000 | 64.9% | 0.3% |
CROSSCOUNTRY MORTGAGE, LLC | $2,290,000 | $275,000 | -88.0% | 0.3% |
Bank of England | $265,000 | n/a | 0.3% | |
GUADALUPE CREDIT UNION | $950,000 | $250,000 | -73.7% | 0.3% |
MASON MCDUFFIE MORTGAGE CORPORATION | $245,000 | n/a | 0.3% | |
SUN WEST MORTGAGE COMPANY, INC. | $245,000 | n/a | 0.3% | |
Amarillo National Bank | $1,345,000 | $225,000 | -83.3% | 0.2% |
COLORADO CREDIT UNION | $225,000 | n/a | 0.2% | |
PHH Mortgage Corporation | $225,000 | n/a | 0.2% | |
SUN AMERICAN MORTGAGE COMPANY | $225,000 | n/a | 0.2% | |
LOANDEPOT.COM, LLC | $2,975,000 | $215,000 | -92.8% | 0.2% |
ADVANCIAL | $205,000 | n/a | 0.2% | |
NEWREZ LLC | $535,000 | $205,000 | -61.7% | 0.2% |
SOUTHWEST STAGE FUNDING, LLC | $460,000 | $205,000 | -55.4% | 0.2% |
Barrington Bank & Trust Company, N.A. | $175,000 | $195,000 | 11.4% | 0.2% |
Kirtland Federal Credit Union | $105,000 | $195,000 | 85.7% | 0.2% |
TOWER | $175,000 | n/a | 0.2% | |
Sunflower Bank | $1,175,000 | $165,000 | -86.0% | 0.2% |
Washington Federal Bank | $1,820,000 | $145,000 | -92.0% | 0.2% |
AIR ACADEMY | $125,000 | n/a | 0.1% | |
Prosperity Home Mortgage, LLC | $125,000 | n/a | 0.1% | |
STATE EMPLOYEES | $1,065,000 | $125,000 | -88.3% | 0.1% |
CREDIT HUMAN FEDERAL CREDIT UNION | $105,000 | n/a | 0.1% | |
Southwest Airlines Federal Credit Union | $95,000 | n/a | 0.1% | |
BROKER SOLUTIONS, INC. | $2,330,000 | $75,000 | -96.8% | 0.1% |
Taos's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 10.1% market share. In second place, with 9.8%, is QUICKEN LOANS, LLC, having originated $9,235,000 in loans. In third place, with 5.8%, is NUSENDA, having originated $5,520,000 in loans. In fourth place, with 4.6%, is 21ST MORTGAGE CORPORATION, having originated $4,365,000 in loans. In fifth place, with 3.7%, is Waterstone Mortgage Corporation, having originated $3,480,000 in loans.
Taos Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Taos (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $383,375 (10.6%) | $571,040 (14.1%) | 0.00 | 291 |
2018-02-01 | $382,000 (10.1%) | $649,263 (30.6%) | 0.00 | 281 |
2018-03-01 | $375,000 (10.9%) | $634,762 (29.5%) | 0.00 | 290 |
2018-04-01 | $367,200 (11.5%) | $630,509 (31.6%) | 0.00 | 306 |
2018-05-01 | $377,250 (11.3%) | $569,737 (21.2%) | 0.00 | 330 |
2018-06-01 | $397,000 (15.1%) | $574,266 (21.2%) | 0.00 | 363 |
2018-07-01 | $399,000 (14.0%) | $576,594 (23.4%) | 0.00 | 393 |
2018-08-01 | $393,500 (12.4%) | $565,128 (23.2%) | 0.00 | 417 |
2018-09-01 | $385,000 (10.2%) | $577,878 (26.2%) | 0.00 | 424 |
2018-10-01 | $389,750 (11.5%) | $578,033 (22.5%) | 0.00 | 398 |
2018-11-01 | $397,500 (10.7%) | $617,788 (22.1%) | 0.00 | 368 |
2018-12-01 | $398,000 (9.3%) | $660,618 (30.4%) | 0.00 | 344 |
2019-01-01 | $394,225 (2.8%) | $684,545 (19.9%) | 0.00 | 314 |
2019-02-01 | $389,750 (2.0%) | $577,865 (-11.0%) | 0.00 | 309 |
2019-03-01 | $385,286 (2.7%) | $560,667 (-11.7%) | 0.00 | 310 |
2019-04-01 | $379,000 (3.2%) | $537,015 (-14.8%) | 0.00 | 314 |
2019-05-01 | $376,000 (-0.3%) | $512,945 (-10.0%) | 0.00 | 347 |
2019-06-01 | $379,000 (-4.5%) | $518,336 (-9.7%) | 0.00 | 369 |
2019-07-01 | $377,000 (-5.5%) | $529,817 (-8.1%) | 0.00 | 390 |
2019-08-01 | $375,682 (-4.5%) | $532,198 (-5.8%) | 0.00 | 395 |
2019-09-01 | $376,705 (-2.2%) | $538,161 (-6.9%) | 0.00 | 397 |
2019-10-01 | $387,750 (-0.5%) | $547,060 (-5.4%) | 0.00 | 393 |
2019-11-01 | $399,000 (0.4%) | $575,331 (-6.9%) | 0.00 | 349 |
2019-12-01 | $399,000 (0.3%) | $570,499 (-13.6%) | 0.00 | 334 |
2020-01-01 | $409,725 (3.9%) | $591,052 (-13.7%) | 0.00 | 280 |
2020-02-01 | $399,000 (2.4%) | $588,395 (1.8%) | 0.00 | 281 |
2020-03-01 | $399,500 (3.7%) | $593,525 (5.9%) | 0.00 | 275 |
2020-04-01 | $399,000 (5.3%) | $582,835 (8.5%) | 0.00 | 265 |
2020-05-01 | $404,950 (7.7%) | $578,311 (12.7%) | 0.00 | 265 |
2020-06-01 | $425,000 (12.1%) | $579,654 (11.8%) | 0.00 | 262 |
2020-07-01 | $427,000 (13.3%) | $589,766 (11.3%) | 0.00 | 260 |
2020-08-01 | $446,000 (18.7%) | $639,941 (20.3%) | 0.00 | 228 |
2020-09-01 | $485,000 (28.8%) | $674,300 (25.3%) | 0.00 | 209 |
2020-10-01 | $495,000 (27.7%) | $724,426 (32.4%) | 0.00 | 205 |
2020-11-01 | $496,000 (24.3%) | $711,387 (23.7%) | 0.00 | 167 |
2020-12-01 | $477,000 (19.6%) | $681,581 (19.5%) | 0.00 | 157 |
2021-01-01 | $442,450 (8.0%) | $699,586 (18.4%) | 0.00 | 135 |
2021-02-01 | $458,225 (14.8%) | $728,735 (23.9%) | 0.00 | 113 |
2021-03-01 | $489,500 (22.5%) | $774,752 (30.5%) | 0.00 | 106 |
2021-04-01 | $495,750 (24.3%) | $797,966 (36.9%) | 0.00 | 117 |
2021-05-01 | $459,000 (13.4%) | $747,145 (29.2%) | 0.00 | 120 |
2021-06-01 | $448,000 (5.4%) | $718,114 (23.9%) | 0.00 | 147 |
2021-07-01 | $462,500 (8.3%) | $704,182 (19.4%) | 0.00 | 164 |
2021-08-01 | $465,725 (4.4%) | $714,656 (11.7%) | 0.00 | 164 |
2021-09-01 | $449,000 (-7.4%) | $713,376 (5.8%) | 0.00 | 147 |
2021-10-01 | $493,500 (-0.3%) | $807,810 (11.5%) | 0.00 | 138 |
2021-11-01 | $478,500 (-3.5%) | $791,943 (11.3%) | 0.00 | 117 |
2021-12-01 | $492,000 (3.1%) | $781,432 (14.7%) | 0.00 | 111 |
2022-01-01 | $479,000 (8.3%) | $780,874 (11.6%) | 0.00 | 99 |
2022-02-01 | $512,000 (11.7%) | $815,336 (11.9%) | 0.00 | 83 |
2022-03-01 | $478,500 (-2.3%) | $772,132 (-0.3%) | 0.00 | 91 |
2022-04-01 | $496,500 (0.2%) | $801,824 (0.5%) | 0.00 | 90 |
2022-05-01 | $572,000 (24.6%) | $812,921 (8.8%) | 0.00 | 98 |
2022-06-01 | $582,750 (30.1%) | $794,220 (10.6%) | 0.00 | 115 |
2022-07-01 | $609,000 (31.7%) | $849,758 (20.7%) | 0.00 | 139 |
2022-08-01 | $602,250 (29.3%) | $842,894 (17.9%) | 0.00 | 158 |
2022-09-01 | $562,250 (25.2%) | $802,627 (12.5%) | 0.00 | 163 |
2022-10-01 | $580,000 (17.5%) | $758,542 (-6.1%) | 0.00 | 162 |
2022-11-01 | $546,500 (14.2%) | $727,804 (-8.1%) | 0.00 | 172 |
2022-12-01 | $579,500 (17.8%) | $758,389 (-3.0%) | 0.00 | 164 |
2023-01-01 | $569,000 (18.8%) | $750,780 (-3.9%) | 0.00 | 149 |
2023-02-01 | $568,500 (11.0%) | $735,139 (-9.8%) | 0.00 | 140 |
2023-03-01 | $568,500 (18.8%) | $751,941 (-2.6%) | 0.00 | 130 |
2023-04-01 | $565,750 (14.0%) | $730,887 (-8.9%) | 0.00 | 139 |
2023-05-01 | $553,000 (-3.3%) | $719,682 (-11.5%) | 0.00 | 136 |
2023-06-01 | $593,750 (1.9%) | $732,308 (-7.8%) | 0.00 | 157 |
2023-07-01 | $577,000 (-5.3%) | $726,875 (-14.5%) | 0.00 | 171 |
2023-08-01 | $617,500 (2.5%) | $802,919 (-4.7%) | 0.00 | 166 |
2023-09-01 | $619,000 (10.1%) | $806,365 (0.5%) | 0.00 | 166 |
2023-10-01 | $625,000 (7.8%) | $847,389 (11.7%) | 0.00 | 171 |
2023-11-01 | $641,250 (17.3%) | $896,793 (23.2%) | 0.00 | 156 |
2023-12-01 | $649,000 (12.0%) | $915,799 (20.8%) | 0.00 | 149 |
2024-01-01 | $647,000 (13.7%) | $918,187 (22.3%) | 0.00 | 149 |
2024-02-01 | $629,750 (10.8%) | $1,075,151 (46.3%) | 0.00 | 155 |
2024-03-01 | $649,500 (14.3%) | $1,082,512 (44.0%) | 0.00 | 159 |
2024-04-01 | $662,375 (17.1%) | $899,813 (23.1%) | 0.00 | 167 |
2024-05-01 | $658,625 (19.1%) | $871,619 (21.1%) | 0.00 | 187 |
2024-06-01 | $649,000 (9.3%) | $869,947 (18.8%) | 0.00 | 200 |
2024-07-01 | $642,000 (11.3%) | $848,585 (16.7%) | 0.00 | 212 |
2024-08-01 | $630,000 (2.0%) | $852,109 (6.1%) | 0.00 | 221 |
2024-09-01 | $610,000 (-1.5%) | $841,795 (4.4%) | 0.00 | 227 |
Taos's median listing price comes in at 0% of the national average.
Taos's average listing price for 2024-09-01 was $841,795, a difference of $35,430 (4.4%) versus the prior year and $-10,314 versus the prior month.
For the 2024-09-01 period, Taos had 227 MLS listings, a difference of 6 listings (3%) versus the prior month and 61 listings (37%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Taos (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,900 sqft |
2018-02-01 | 0 days | 1,900 sqft |
2018-03-01 | 0 days | 1,848 sqft |
2018-04-01 | 0 days | 1,800 sqft |
2018-05-01 | 0 days | 1,864 sqft |
2018-06-01 | 0 days | 1,892 sqft |
2018-07-01 | 0 days | 1,895 sqft |
2018-08-01 | 0 days | 1,809 sqft |
2018-09-01 | 0 days | 1,800 sqft |
2018-10-01 | 0 days | 1,800 sqft |
2018-11-01 | 0 days | 1,800 sqft |
2018-12-01 | 0 days | 1,800 sqft |
2019-01-01 | 0 days | 1,800 sqft |
2019-02-01 | 0 days | 1,800 sqft |
2019-03-01 | 0 days | 1,800 sqft |
2019-04-01 | 0 days | 1,800 sqft |
2019-05-01 | 0 days | 1,800 sqft |
2019-06-01 | 0 days | 1,832 sqft |
2019-07-01 | 0 days | 1,842 sqft |
2019-08-01 | 0 days | 1,823 sqft |
2019-09-01 | 0 days | 1,833 sqft |
2019-10-01 | 0 days | 1,853 sqft |
2019-11-01 | 0 days | 1,866 sqft |
2019-12-01 | 0 days | 1,863 sqft |
2020-01-01 | 0 days | 1,886 sqft |
2020-02-01 | 0 days | 1,880 sqft |
2020-03-01 | 0 days | 1,862 sqft |
2020-04-01 | 0 days | 1,812 sqft |
2020-05-01 | 0 days | 1,857 sqft |
2020-06-01 | 0 days | 1,824 sqft |
2020-07-01 | 0 days | 1,908 sqft |
2020-08-01 | 0 days | 1,979 sqft |
2020-09-01 | 0 days | 2,000 sqft |
2020-10-01 | 0 days | 2,142 sqft |
2020-11-01 | 0 days | 2,152 sqft |
2020-12-01 | 0 days | 1,990 sqft |
2021-01-01 | 0 days | 1,896 sqft |
2021-02-01 | 0 days | 2,019 sqft |
2021-03-01 | 0 days | 1,955 sqft |
2021-04-01 | 0 days | 1,881 sqft |
2021-05-01 | 0 days | 1,777 sqft |
2021-06-01 | 0 days | 1,877 sqft |
2021-07-01 | 0 days | 1,876 sqft |
2021-08-01 | 0 days | 1,818 sqft |
2021-09-01 | 0 days | 1,864 sqft |
2021-10-01 | 0 days | 1,897 sqft |
2021-11-01 | 0 days | 1,860 sqft |
2021-12-01 | 0 days | 1,912 sqft |
2022-01-01 | 0 days | 1,869 sqft |
2022-02-01 | 0 days | 1,888 sqft |
2022-03-01 | 0 days | 1,880 sqft |
2022-04-01 | 0 days | 1,878 sqft |
2022-05-01 | 0 days | 1,933 sqft |
2022-06-01 | 0 days | 1,800 sqft |
2022-07-01 | 0 days | 1,966 sqft |
2022-08-01 | 0 days | 1,959 sqft |
2022-09-01 | 0 days | 1,899 sqft |
2022-10-01 | 0 days | 1,881 sqft |
2022-11-01 | 0 days | 1,810 sqft |
2022-12-01 | 0 days | 1,945 sqft |
2023-01-01 | 0 days | 1,927 sqft |
2023-02-01 | 0 days | 1,943 sqft |
2023-03-01 | 0 days | 1,953 sqft |
2023-04-01 | 0 days | 1,997 sqft |
2023-05-01 | 0 days | 1,941 sqft |
2023-06-01 | 0 days | 2,000 sqft |
2023-07-01 | 0 days | 1,918 sqft |
2023-08-01 | 0 days | 1,933 sqft |
2023-09-01 | 0 days | 1,945 sqft |
2023-10-01 | 0 days | 1,999 sqft |
2023-11-01 | 0 days | 2,000 sqft |
2023-12-01 | 0 days | 2,000 sqft |
2024-01-01 | 0 days | 2,040 sqft |
2024-02-01 | 0 days | 1,997 sqft |
2024-03-01 | 0 days | 2,000 sqft |
2024-04-01 | 0 days | 2,000 sqft |
2024-05-01 | 0 days | 1,923 sqft |
2024-06-01 | 0 days | 1,917 sqft |
2024-07-01 | 0 days | 1,906 sqft |
2024-08-01 | 0 days | 1,977 sqft |
2024-09-01 | 0 days | 1,938 sqft |
Taos's median square footage for active listings during the 2024-09-01 period was 1,938 sqft. One year prior, the average listing was 1,945 sqft.
Taos, NM Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 240 | $76,720,000 | $319,667 |
Cash Out Refi | 41 | $8,425,000 | $205,488 |
Home Improvement | 23 | $2,935,000 | $127,609 |
Other | 22 | $4,250,000 | $193,182 |
Refi | 13 | $2,265,000 | $174,231 |
Taos's most frequently cited loan purpose was Home Purchase, with 240 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 108 | $32,760,000 | $303,333 |
Over 8% | 89 | $14,055,000 | $157,921 |
7-8% | 88 | $29,610,000 | $336,477 |
5-6% | 45 | $13,415,000 | $298,111 |
4-5% | 5 | $1,865,000 | $373,000 |
2.5-3% | 1 | $225,000 | $225,000 |
During 2023, Taos's most frequently originated rate bucket was 6-7%, with 108 originations.
Loan Sizing (Taos, NM MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 128 | $36,170,000 | $282,578 |
$100k-200k | 86 | $12,520,000 | $145,581 |
$400k-600k | 56 | $25,720,000 | $459,286 |
$100,000 or less | 46 | $2,590,000 | $56,304 |
$600k-1000k | 20 | $14,040,000 | $702,000 |
$Over $1MM | 3 | $3,555,000 | $1,185,000 |
Taos's loan sizing saw the bucket of loans from $200k-400k with 128 originations, totaling $36,170,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 124 | $39,000,000 | $314,516 |
60-80% | 98 | $34,130,000 | $348,265 |
Under 20% | 39 | $2,465,000 | $63,205 |
40-60% | 37 | $8,755,000 | $236,622 |
20-40% | 34 | $7,100,000 | $208,824 |
Over 100% | 2 | $220,000 | $110,000 |
Taos's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 124 originations, totaling $39,000,000 in origination value.