Taos Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Taos averaged
6.51%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
6.7% and
one month ago for the week of 2023-08-17, the
average rate was 6.81%.
Taos's average rate one year ago was 5.54%.
For refis of the same type during the week of 2023-09-21, the average rate
was 7.19%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
Taos 30 Year Fixed Rate | 2023-09-21 | 6.51% |
Taos 30 Year Fixed Rate Refi | 2023-09-21 | 7.19% |
Taos 15 Year Fixed Rate | 2023-09-21 | 6.74% |
Taos 15 Year Fixed Rate Refi | 2023-09-21 | 6.64% |
Taos 30 Year FHA | 2023-09-21 | 7.14% |
Taos 30 Year FHA Refi | 2023-09-21 | 7.34% |
Taos 30 Year USDA | 2023-09-21 | 7.22% |
Taos 30 Year USDA Refi | 2023-09-21 | 7.12% |
Taos 30 Year VA | 2023-09-21 | 6.92% |
Taos 30 Year VA Refi | 2023-09-21 | 7.02% |
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 89 lenders originated 623
loans during 2022. The total origination value was $189,065,000, with an average loan value of
$303,475.
Taos's average closing costs are $5,403.
The top Taos lender as defined by loan originations is QUICKEN LOANS, LLC, with
86 loans originated. Their average total fees are
$8,422, which is $2,116
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Taos lenders (with over 10 loans originated) are
U.S. Bank ($4,742), NUSENDA ($4,846), UNITED WHOLESALE MORTGAGE, LLC ($6,306), Waterstone Mortgage Corporation ($7,524) and Flagstar Bank, FSB ($7,679).
The lowest rate Taos lenders (with over 10 loans originated) are
FIRST COMMUNITY MORTGAGE, INC. (4.23%), U.S. Bank (4.36%), QUICKEN LOANS, LLC (4.50%), NUSENDA (4.56%) and Waterstone Mortgage Corporation (4.92%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
QUICKEN LOANS, LLC | $45,395,000 | $32,685,000 | -28.0% | 17.3% |
Flagstar Bank, FSB | $13,805,000 | $12,245,000 | -11.3% | 6.5% |
UNITED WHOLESALE MORTGAGE, LLC | $10,470,000 | $11,855,000 | 13.2% | 6.3% |
FINANCE OF AMERICA MORTGAGE LLC | $3,020,000 | $7,925,000 | 162.4% | 4.2% |
NBH Bank | $4,770,000 | $6,490,000 | 36.1% | 3.4% |
JPMorgan Chase Bank | $5,845,000 | $5,475,000 | -6.3% | 2.9% |
FIRST COMMUNITY MORTGAGE, INC. | $9,470,000 | $5,045,000 | -46.7% | 2.7% |
U.S. Bank | $3,995,000 | $5,035,000 | 26.0% | 2.7% |
NUSENDA | $9,375,000 | $4,795,000 | -48.9% | 2.5% |
Waterstone Mortgage Corporation | $3,560,000 | $4,005,000 | 12.5% | 2.1% |
Wells Fargo Bank | $8,675,000 | $3,895,000 | -55.1% | 2.1% |
21ST MORTGAGE CORPORATION | $2,570,000 | $3,750,000 | 45.9% | 2.0% |
LOANDEPOT.COM, LLC | $4,860,000 | $2,975,000 | -38.8% | 1.6% |
BOKF | $1,615,000 | $2,870,000 | 77.7% | 1.5% |
BROKER SOLUTIONS, INC. | $585,000 | $2,330,000 | 298.3% | 1.2% |
CROSSCOUNTRY MORTGAGE, LLC | $295,000 | $2,290,000 | 676.3% | 1.2% |
PENNYMAC LOAN SERVICES, LLC | $1,560,000 | $2,250,000 | 44.2% | 1.2% |
HOME POINT FINANCIAL CORPORATION | $510,000 | $2,165,000 | 324.5% | 1.1% |
CALIBER HOME LOANS, INC. | $5,585,000 | $2,110,000 | -62.2% | 1.1% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,360,000 | $1,970,000 | -16.5% | 1.0% |
City National Bank | $2,745,000 | $1,895,000 | -31.0% | 1.0% |
Washington Federal Bank | $345,000 | $1,820,000 | 427.5% | 1.0% |
NAVY FEDERAL CREDIT UNION | $510,000 | $1,765,000 | 246.1% | 0.9% |
AMERISAVE MORTGAGE CORPORATION | $2,900,000 | $1,730,000 | -40.3% | 0.9% |
FBC MORTGAGE, LLC | $1,630,000 | n/a | 0.9% | |
Charles Schwab Bank, SSB | $1,365,000 | $1,560,000 | 14.3% | 0.8% |
GUARANTEED RATE, INC. | $2,140,000 | $1,520,000 | -29.0% | 0.8% |
PLAZA HOME MORTGAGE, INC. | $1,545,000 | $1,475,000 | -4.5% | 0.8% |
Bell Bank | $1,300,000 | $1,455,000 | 11.9% | 0.8% |
Mortgage Research Center, LLC | $2,995,000 | $1,455,000 | -51.4% | 0.8% |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $2,790,000 | $1,350,000 | -51.6% | 0.7% |
Amarillo National Bank | $590,000 | $1,345,000 | 128.0% | 0.7% |
UBS Bank USA | $5,600,000 | $1,285,000 | -77.1% | 0.7% |
BETTER MORTGAGE CORPORATION | $3,435,000 | $1,210,000 | -64.8% | 0.6% |
Sunflower Bank | $540,000 | $1,175,000 | 117.6% | 0.6% |
STATE EMPLOYEES | $780,000 | $1,065,000 | 36.5% | 0.6% |
Bank of America | $4,035,000 | $1,055,000 | -73.9% | 0.6% |
PNC Bank | $835,000 | $1,015,000 | 21.6% | 0.5% |
RELIANCE FIRST CAPITAL, LLC | $995,000 | n/a | 0.5% | |
KELLER MORTGAGE, LLC | $980,000 | n/a | 0.5% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $975,000 | n/a | 0.5% | |
GUADALUPE CREDIT UNION | $950,000 | n/a | 0.5% | |
CHEVRON | $125,000 | $830,000 | 564.0% | 0.4% |
Gateway First Bank | $1,335,000 | $785,000 | -41.2% | 0.4% |
Independent Bank | $2,550,000 | $785,000 | -69.2% | 0.4% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $305,000 | $775,000 | 154.1% | 0.4% |
American Airlines Federal Credit Union | $760,000 | n/a | 0.4% | |
Raymond James Bank | $675,000 | $735,000 | 8.9% | 0.4% |
Arvest Bank | $720,000 | n/a | 0.4% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $720,000 | n/a | 0.4% | |
SANDIA LABORATORY | $720,000 | n/a | 0.4% | |
First Republic Bank | $715,000 | n/a | 0.4% | |
ZILLOW HOME LOANS, LLC | $355,000 | $700,000 | 97.2% | 0.4% |
First United Bank and Trust Company | $1,010,000 | $690,000 | -31.7% | 0.4% |
American National Bank & Trust | $680,000 | n/a | 0.4% | |
UNION SQUARE | $675,000 | n/a | 0.4% | |
Morgan Stanley Private Bank | $1,075,000 | $645,000 | -40.0% | 0.3% |
NATIONS RELIABLE LENDING, LLC | $645,000 | n/a | 0.3% | |
NBKC BANK | $245,000 | $600,000 | 144.9% | 0.3% |
Plains Commerce Bank | $335,000 | $600,000 | 79.1% | 0.3% |
FIRST TECHNOLOGY | $595,000 | n/a | 0.3% | |
GENEVA FINANCIAL, LLC | $295,000 | $590,000 | 100.0% | 0.3% |
BancFirst | $585,000 | n/a | 0.3% | |
The Huntington National Bank | $575,000 | n/a | 0.3% | |
CHERRY CREEK MORTGAGE, LLC | $255,000 | $570,000 | 123.5% | 0.3% |
Goldman Sachs Bank USA | $545,000 | n/a | 0.3% | |
NEWREZ LLC | $2,290,000 | $535,000 | -76.6% | 0.3% |
BMO Harris Bank | $515,000 | n/a | 0.3% | |
Wyndham Capital Mortgage, Inc. | $510,000 | n/a | 0.3% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,040,000 | $500,000 | -51.9% | 0.3% |
Alliance Bank Central Texas | $495,000 | n/a | 0.3% | |
LAKEVIEW LOAN SERVICING, LLC | $490,000 | n/a | 0.3% | |
First Federal Bank | $485,000 | n/a | 0.3% | |
NOVA FINANCIAL & INVESTMENT CORPORATION | $570,000 | $485,000 | -14.9% | 0.3% |
SOUTHWEST STAGE FUNDING, LLC | $660,000 | $460,000 | -30.3% | 0.2% |
PENTAGON FEDERAL CREDIT UNION | $175,000 | $445,000 | 154.3% | 0.2% |
GUILD MORTGAGE COMPANY | $350,000 | $425,000 | 21.4% | 0.2% |
STEARNS LENDING, LLC | $3,445,000 | $425,000 | -87.7% | 0.2% |
CORNERSTONE HOME LENDING, INC. | $1,290,000 | $415,000 | -67.8% | 0.2% |
First United Bank | $405,000 | n/a | 0.2% | |
GUARANTEED RATE AFFINITY, LLC | $405,000 | n/a | 0.2% | |
Stride Bank | $405,000 | n/a | 0.2% | |
Colonial Savings, F.A. | $395,000 | n/a | 0.2% | |
FREEDOM MORTGAGE CORPORATION | $1,785,000 | $390,000 | -78.2% | 0.2% |
NTFN, INC. | $580,000 | $385,000 | -33.6% | 0.2% |
Prosperity Bank | $385,000 | n/a | 0.2% | |
UNION HOME MORTGAGE CORP. | $270,000 | $385,000 | 42.6% | 0.2% |
BAY EQUITY LLC | $415,000 | $365,000 | -12.0% | 0.2% |
BancorpSouth Bank | $355,000 | n/a | 0.2% | |
FirstCapital Bank of Texas | $855,000 | $355,000 | -58.5% | 0.2% |
First State Bank | $1,960,000 | $355,000 | -81.9% | 0.2% |
Enterprise Bank & Trust | $1,020,000 | $350,000 | -65.7% | 0.2% |
SANDIA AREA | $320,000 | n/a | 0.2% | |
S1L, Inc. | $305,000 | $315,000 | 3.3% | 0.2% |
The Federal Savings Bank | $315,000 | n/a | 0.2% | |
Carrington Mortgage Services, LLC | $235,000 | $310,000 | 31.9% | 0.2% |
Del Norte Credit Union | $1,400,000 | $310,000 | -77.9% | 0.2% |
USAA Federal Savings Bank | $105,000 | $305,000 | 190.5% | 0.2% |
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $300,000 | n/a | 0.2% | |
Citadel Servicing Corporation | $285,000 | n/a | 0.2% | |
Nations Lending Corporation | $260,000 | $285,000 | 9.6% | 0.2% |
PURDUE FEDERAL CREDIT UNION | $285,000 | n/a | 0.2% | |
InterBank | $275,000 | n/a | 0.1% | |
M&T Bank | $275,000 | n/a | 0.1% | |
Mr. Cooper ( Nationstar Mortgage ) | $645,000 | $270,000 | -58.1% | 0.1% |
AMCAP MORTGAGE, LTD. | $805,000 | $265,000 | -67.1% | 0.1% |
LIMA ONE CAPITAL, LLC | $255,000 | n/a | 0.1% | |
MID AMERICA MORTGAGE, INC. | $785,000 | $255,000 | -67.5% | 0.1% |
Renasant Bank | $255,000 | n/a | 0.1% | |
DHI MORTGAGE COMPANY, LTD. | $245,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $625,000 | $245,000 | -60.8% | 0.1% |
Broadway National Bank | $235,000 | n/a | 0.1% | |
CALCON MUTUAL MORTGAGE LLC | $460,000 | $235,000 | -48.9% | 0.1% |
FINANCE OF AMERICA REVERSE LLC | $225,000 | n/a | 0.1% | |
Jefferson Bank | $225,000 | n/a | 0.1% | |
Discover Bank | $215,000 | n/a | 0.1% | |
MOUNTAIN AMERICA | $205,000 | n/a | 0.1% | |
Western Bank | $205,000 | n/a | 0.1% | |
Loan Simple, Inc. | $275,000 | $195,000 | -29.1% | 0.1% |
MEGASTAR FINANCIAL CORP. | $195,000 | n/a | 0.1% | |
Commerce Home Mortgage, Inc. | $195,000 | $185,000 | -5.1% | 0.1% |
Zions Bancorporation, N.A. | $185,000 | n/a | 0.1% | |
Bank of the West | $125,000 | $175,000 | 40.0% | 0.1% |
Barrington Bank & Trust Company, N.A. | $155,000 | $175,000 | 12.9% | 0.1% |
HOMESIDE FINANCIAL, LLC | $175,000 | $175,000 | 0.0% | 0.1% |
Northpointe Bank | $875,000 | $175,000 | -80.0% | 0.1% |
ON Q FINANCIAL, INC. | $175,000 | n/a | 0.1% | |
ACADEMY MORTGAGE CORPORATION | $165,000 | n/a | 0.1% | |
Figure Lending LLC | $145,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $285,000 | $115,000 | -59.6% | 0.1% |
Kirtland Federal Credit Union | $255,000 | $105,000 | -58.8% | 0.1% |
LEGACY MORTGAGE LLC | $785,000 | $105,000 | -86.6% | 0.1% |
MidFirst Bank | $105,000 | n/a | 0.1% | |
QUORUM FEDERAL CREDIT UNION | $105,000 | n/a | 0.1% | |
CHARTWAY FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
ROYAL UNITED MORTGAGE LLC | $95,000 | $65,000 | -31.6% | 0.0% |
Taos's top lender by overall market share is QUICKEN LOANS, LLC, with 17.3% market share. In second place, with 6.5%, is Flagstar Bank, FSB, having originated $12,245,000 in loans. In third place, with 6.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $11,855,000 in loans. In fourth place, with 4.2%, is FINANCE OF AMERICA MORTGAGE LLC, having originated $7,925,000 in loans. In fifth place, with 3.4%, is NBH Bank, having originated $6,490,000 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 | $387,000 (11.5%) | $575,023 (14.7%) | 0.00 | 288 |
2018-02-01 | $387,000 (11.5%) | $653,225 (31.4%) | 0.00 | 279 |
2018-03-01 | $377,000 (11.2%) | $638,152 (30.1%) | 0.00 | 287 |
2018-04-01 | $368,475 (11.7%) | $632,431 (31.8%) | 0.00 | 305 |
2018-05-01 | $377,500 (10.4%) | $570,837 (21.3%) | 0.00 | 329 |
2018-06-01 | $399,000 (15.5%) | $577,257 (21.5%) | 0.00 | 364 |
2018-07-01 | $399,000 (14.0%) | $579,361 (23.7%) | 0.00 | 394 |
2018-08-01 | $394,000 (12.6%) | $567,280 (23.2%) | 0.00 | 418 |
2018-09-01 | $389,000 (11.2%) | $579,888 (26.1%) | 0.00 | 426 |
2018-10-01 | $390,000 (10.2%) | $580,198 (22.3%) | 0.00 | 400 |
2018-11-01 | $399,000 (9.4%) | $619,816 (21.3%) | 0.00 | 370 |
2018-12-01 | $399,000 (8.1%) | $662,432 (29.7%) | 0.00 | 344 |
2019-01-01 | $397,500 (2.7%) | $688,867 (19.8%) | 0.00 | 314 |
2019-02-01 | $393,750 (1.7%) | $582,338 (-10.9%) | 0.00 | 309 |
2019-03-01 | $388,357 (3.0%) | $565,494 (-11.4%) | 0.00 | 309 |
2019-04-01 | $380,607 (3.3%) | $542,271 (-14.3%) | 0.00 | 313 |
2019-05-01 | $379,000 (0.4%) | $517,341 (-9.4%) | 0.00 | 346 |
2019-06-01 | $380,000 (-4.8%) | $521,488 (-9.7%) | 0.00 | 368 |
2019-07-01 | $377,000 (-5.5%) | $533,929 (-7.8%) | 0.00 | 387 |
2019-08-01 | $375,682 (-4.7%) | $535,953 (-5.5%) | 0.00 | 393 |
2019-09-01 | $376,705 (-3.2%) | $540,404 (-6.8%) | 0.00 | 396 |
2019-10-01 | $388,000 (-0.5%) | $548,417 (-5.5%) | 0.00 | 393 |
2019-11-01 | $399,000 (0.0%) | $579,685 (-6.5%) | 0.00 | 350 |
2019-12-01 | $399,000 (0.0%) | $575,971 (-13.1%) | 0.00 | 334 |
2020-01-01 | $414,863 (4.4%) | $596,980 (-13.3%) | 0.00 | 281 |
2020-02-01 | $399,000 (1.3%) | $593,996 (2.0%) | 0.00 | 282 |
2020-03-01 | $403,500 (3.9%) | $597,253 (5.6%) | 0.00 | 277 |
2020-04-01 | $399,000 (4.8%) | $587,423 (8.3%) | 0.00 | 267 |
2020-05-01 | $410,725 (8.4%) | $582,237 (12.5%) | 0.00 | 267 |
2020-06-01 | $425,000 (11.8%) | $581,714 (11.6%) | 0.00 | 263 |
2020-07-01 | $427,000 (13.3%) | $590,861 (10.7%) | 0.00 | 262 |
2020-08-01 | $448,000 (19.3%) | $642,000 (19.8%) | 0.00 | 227 |
2020-09-01 | $487,500 (29.4%) | $675,912 (25.1%) | 0.00 | 208 |
2020-10-01 | $495,000 (27.6%) | $727,686 (32.7%) | 0.00 | 204 |
2020-11-01 | $496,000 (24.3%) | $715,464 (23.4%) | 0.00 | 165 |
2020-12-01 | $464,000 (16.3%) | $675,492 (17.3%) | 0.00 | 157 |
2021-01-01 | $445,000 (7.3%) | $699,586 (17.2%) | 0.00 | 135 |
2021-02-01 | $458,225 (14.8%) | $731,725 (23.2%) | 0.00 | 113 |
2021-03-01 | $492,000 (21.9%) | $779,721 (30.6%) | 0.00 | 105 |
2021-04-01 | $497,000 (24.6%) | $802,136 (36.6%) | 0.00 | 117 |
2021-05-01 | $459,000 (11.8%) | $747,145 (28.3%) | 0.00 | 119 |
2021-06-01 | $449,250 (5.7%) | $718,325 (23.5%) | 0.00 | 148 |
2021-07-01 | $465,000 (8.9%) | $707,593 (19.8%) | 0.00 | 163 |
2021-08-01 | $470,950 (5.1%) | $718,000 (11.8%) | 0.00 | 163 |
2021-09-01 | $450,750 (-7.5%) | $715,159 (5.8%) | 0.00 | 147 |
2021-10-01 | $495,000 (0.0%) | $807,810 (11.0%) | 0.00 | 137 |
2021-11-01 | $478,500 (-3.5%) | $796,493 (11.3%) | 0.00 | 117 |
2021-12-01 | $492,000 (6.0%) | $781,432 (15.7%) | 0.00 | 111 |
2022-01-01 | $479,000 (7.6%) | $780,874 (11.6%) | 0.00 | 99 |
2022-02-01 | $505,500 (10.3%) | $816,870 (11.6%) | 0.00 | 83 |
2022-03-01 | $478,500 (-2.7%) | $772,132 (-1.0%) | 0.00 | 91 |
2022-04-01 | $496,500 (-0.1%) | $801,824 (0.0%) | 0.00 | 90 |
2022-05-01 | $572,000 (24.6%) | $812,921 (8.8%) | 0.00 | 98 |
2022-06-01 | $582,750 (29.7%) | $794,220 (10.6%) | 0.00 | 115 |
2022-07-01 | $609,000 (31.0%) | $849,758 (20.1%) | 0.00 | 139 |
2022-08-01 | $605,125 (28.5%) | $845,555 (17.8%) | 0.00 | 157 |
2022-09-01 | $565,000 (25.4%) | $805,298 (12.6%) | 0.00 | 162 |
2022-10-01 | $585,000 (18.2%) | $758,542 (-6.1%) | 0.00 | 162 |
2022-11-01 | $549,125 (14.8%) | $728,867 (-8.5%) | 0.00 | 171 |
2022-12-01 | $584,500 (18.8%) | $763,475 (-2.3%) | 0.00 | 162 |
2023-01-01 | $572,000 (19.4%) | $756,416 (-3.1%) | 0.00 | 146 |
2023-02-01 | $569,750 (12.7%) | $743,733 (-9.0%) | 0.00 | 137 |
2023-03-01 | $570,750 (19.3%) | $756,214 (-2.1%) | 0.00 | 129 |
2023-04-01 | $564,500 (13.7%) | $733,153 (-8.6%) | 0.00 | 137 |
2023-05-01 | $559,000 (-2.3%) | $727,269 (-10.5%) | 0.00 | 132 |
2023-06-01 | $597,000 (2.5%) | $740,640 (-6.8%) | 0.00 | 152 |
2023-07-01 | $579,500 (-4.8%) | $732,033 (-13.9%) | 0.00 | 168 |
2023-08-01 | $617,500 (2.1%) | $802,919 (-5.0%) | 0.00 | 166 |
Taos's median listing price comes in at 0% of the national average.
Taos's average listing price for 2023-08-01 was $802,919, a difference of $-42,636 (-5.0%) versus the prior year and $70,886 versus the prior month.
For the 2023-08-01 period, Taos had 166 MLS listings, a difference of -2 listings (-1%) versus the prior month and 9 listings (6%) 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 | 1,905 sqft |
2018-02-01 | 0 days | 1,907 sqft |
2018-03-01 | 0 days | 1,848 sqft |
2018-04-01 | 0 days | 1,800 sqft |
2018-05-01 | 0 days | 1,874 sqft |
2018-06-01 | 0 days | 1,900 sqft |
2018-07-01 | 0 days | 1,900 sqft |
2018-08-01 | 0 days | 1,834 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 | 1,815 sqft |
2019-06-01 | 0 days | 1,843 sqft |
2019-07-01 | 0 days | 1,853 sqft |
2019-08-01 | 0 days | 1,830 sqft |
2019-09-01 | 0 days | 1,830 sqft |
2019-10-01 | 0 days | 1,848 sqft |
2019-11-01 | 0 days | 1,869 sqft |
2019-12-01 | 0 days | 1,866 sqft |
2020-01-01 | 0 days | 1,891 sqft |
2020-02-01 | 0 days | 1,881 sqft |
2020-03-01 | 0 days | 1,862 sqft |
2020-04-01 | 0 days | 1,813 sqft |
2020-05-01 | 0 days | 1,857 sqft |
2020-06-01 | 0 days | 1,832 sqft |
2020-07-01 | 0 days | 1,908 sqft |
2020-08-01 | 0 days | 2,000 sqft |
2020-09-01 | 0 days | 2,004 sqft |
2020-10-01 | 0 days | 2,149 sqft |
2020-11-01 | 0 days | 2,158 sqft |
2020-12-01 | 0 days | 1,954 sqft |
2021-01-01 | 0 days | 1,896 sqft |
2021-02-01 | 0 days | 2,006 sqft |
2021-03-01 | 0 days | 1,960 sqft |
2021-04-01 | 0 days | 1,891 sqft |
2021-05-01 | 0 days | 1,802 sqft |
2021-06-01 | 0 days | 1,889 sqft |
2021-07-01 | 0 days | 1,878 sqft |
2021-08-01 | 0 days | 1,826 sqft |
2021-09-01 | 0 days | 1,866 sqft |
2021-10-01 | 0 days | 1,878 sqft |
2021-11-01 | 0 days | 1,845 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 | 1,950 sqft |
2022-09-01 | 0 days | 1,895 sqft |
2022-10-01 | 0 days | 1,881 sqft |
2022-11-01 | 0 days | 1,809 sqft |
2022-12-01 | 0 days | 1,943 sqft |
2023-01-01 | 0 days | 1,923 sqft |
2023-02-01 | 0 days | 1,926 sqft |
2023-03-01 | 0 days | 1,968 sqft |
2023-04-01 | 0 days | 1,958 sqft |
2023-05-01 | 0 days | 1,945 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 |
Taos's median square footage for active listings during the 2023-08-01 period was 1,933 sqft. One year prior, the average listing was 1,950 sqft.
Taos, NM Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 384 | $137,890,000 | $359,089 |
Cash Out Refi | 119 | $29,005,000 | $243,739 |
Refi | 72 | $15,880,000 | $220,556 |
Home Improvement | 26 | $2,640,000 | $101,538 |
Other | 22 | $3,650,000 | $165,909 |
Taos's most frequently cited loan purpose was Home Purchase, with 384 originations. The 2nd most popular reason was Cash Out Refi, with 119 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 174 | $56,180,000 | $322,874 |
5-6% | 134 | $41,180,000 | $307,313 |
4-5% | 105 | $33,435,000 | $318,429 |
6-7% | 78 | $22,040,000 | $282,564 |
2.5-3% | 53 | $17,355,000 | $327,453 |
7-8% | 27 | $7,335,000 | $271,667 |
<2.5% | 26 | $7,310,000 | $281,154 |
Over 8% | 22 | $2,790,000 | $126,818 |
During 2022, Taos's most frequently originated rate bucket was 3-4%, with 174 originations.
Loan Sizing (Taos, NM MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 284 | $82,700,000 | $291,197 |
$100k-200k | 139 | $21,225,000 | $152,698 |
$400k-600k | 102 | $49,390,000 | $484,216 |
$100,000 or less | 58 | $3,470,000 | $59,828 |
$600k-1000k | 33 | $23,315,000 | $706,515 |
$Over $1MM | 7 | $8,965,000 | $1,280,714 |
Taos's loan sizing saw the bucket of loans from $200k-400k with 284 originations, totaling $82,700,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 205 | $71,965,000 | $351,049 |
60-80% | 199 | $71,815,000 | $360,879 |
40-60% | 109 | $30,465,000 | $279,495 |
20-40% | 55 | $8,165,000 | $148,455 |
Under 20% | 40 | $2,790,000 | $69,750 |
Over 100% | 4 | $1,050,000 | $262,500 |
Taos's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 205 originations, totaling $71,965,000 in origination value.