Taos 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 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%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Taos, NM.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 86 4.50% $8,422
    UNITED WHOLESALE MORTGAGE, LLC 26 5.40% $6,306
    Flagstar Bank, FSB 25 4.93% $7,679
    FINANCE OF AMERICA MORTGAGE LLC 20 5.20% $8,465
    FIRST COMMUNITY MORTGAGE, INC. 12 4.23% $8,883
    NUSENDA 11 4.56% $4,846
    U.S. Bank 10 4.36% $4,742
    Waterstone Mortgage Corporation 10 4.92% $7,524
    JPMorgan Chase Bank 9 3.65% $4,623
    Wells Fargo Bank 8 3.77% $6,759
    LOANDEPOT.COM, LLC 7 4.13% $8,403
    PENNYMAC LOAN SERVICES, LLC 7 3.91% $9,640
    NBH Bank 7 4.87% $4,542
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 4.52% $8,062
    BROKER SOLUTIONS, INC. 6 5.66% $9,304
    CALIBER HOME LOANS, INC. 6 5.76% $5,216
    FBC MORTGAGE, LLC 4 5.72% $12,348
    Charles Schwab Bank, SSB 4 3.29% $4,163
    21ST MORTGAGE CORPORATION 4 5.94% $6,690
    BOKF 4 4.88% $6,439
    City National Bank 3 4.20% $5,015
    AMERISAVE MORTGAGE CORPORATION 3 4.38% $12,183
    BETTER MORTGAGE CORPORATION 3 3.13% $7,819
    CROSSCOUNTRY MORTGAGE, LLC 3 5.58% $9,132
    GUARANTEED RATE, INC. 3 3.87% $6,738
    Bell Bank 3 4.58% $9,112
    Arvest Bank 2 3.19% $11,252
    Washington Federal Bank 2 5.31% $13,637
    Enterprise Bank & Trust 2 5.25% $7,804
    KELLER MORTGAGE, LLC 2 3.50% $2,915
    Wyndham Capital Mortgage, Inc. 2 3.38% $4,858
    First United Bank and Trust Company 2 4.63% $6,750
    ZILLOW HOME LOANS, LLC 2 3.31% $9,316
    NBKC BANK 2 5.25% $6,537
    PLAZA HOME MORTGAGE, INC. 2 4.50% $6,258
    CHEVRON 2 3.19% $1,088
    GENEVA FINANCIAL, LLC 2 5.25% $8,749
    GUADALUPE CREDIT UNION 2 4.76% $2,516
    SANDIA AREA 2 3.00% $5,030
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.25% $11,817
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.00% $6,460
    Sunflower Bank 2 4.63% $8,124
    SANDIA LABORATORY 1 3.75% $1,929
    STEARNS LENDING, LLC 1 3.75% $4,552
    The Huntington National Bank 1 5.13% $4,957
    UBS Bank USA 1 2.38% $6,167
    UNION SQUARE 1 6.38% $6,755
    Stride Bank 1 5.50% $11,354
    AMCAP MORTGAGE, LTD. 1 5.63% $6,099
    AMERICAN FINANCING CORPORATION 1 3.13% $4,287
    BancorpSouth 1 3.13% $7,608
    Bank of America 1 5.13% $6,517
    Bank of the West 1 2.88% $2,924
    BAY EQUITY LLC 1 3.75% $6,540
    BMO Harris Bank 1 4.38% $3,385
    CARDINAL FINANCIAL 1 3.75% $19,003
    CHERRY CREEK MORTGAGE, LLC 1 3.13% $800
    Commerce Home Mortgage, Inc. 1 4.38% $3,800
    CORNERSTONE HOME LENDING, INC. 1 3.75% $7,357
    DHI MORTGAGE COMPANY, LTD. 1 3.25% $6,641
    Discover Bank 1 4.65% $0
    First Federal Bank 1 6.50% $7,892
    First Republic Bank 1 3.85% $4,098
    FIRST TECHNOLOGY 1 4.25% $4,572
    FREEDOM MORTGAGE CORPORATION 1 3.13% $1,433
    Gateway First Bank 1 4.75% $6,032
    Goldman Sachs Bank USA 1 4.00% $5,310
    GUARANTEED RATE AFFINITY, LLC 1 3.99% $4,099
    HOME POINT FINANCIAL CORPORATION 1 4.75% $9,468
    HOMESIDE FINANCIAL, LLC 1 4.63% $5,184
    InterBank 1 3.25% $4,423
    Loan Simple, Inc. 1 6.38% $4,411
    MEGASTAR FINANCIAL CORP. 1 3.38% $5,219
    Morgan Stanley Private Bank 1 3.05% $9,173
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.13% $8,436
    MOUNTAIN AMERICA 1 4.63% $6,760
    Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $4,368
    M&T Bank 1 4.25% $4,273
    Nations Lending Corporation 1 3.63% $12,455
    NATIONS RELIABLE LENDING, LLC 1 5.63% $5,178
    NTFN, INC. 1 8.00% $10,049
    Plains Commerce Bank 1 6.13% $10,109
    PNC Bank 1 5.50% $3,815
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.25% $7,796
    Raymond James Bank 1 3.50% $2,294
    RELIANCE FIRST CAPITAL, LLC 1 3.38% $8,513
    Renasant Bank 1 3.38% $5,650
    ROYAL UNITED MORTGAGE LLC 1 5.50% $4,571
    S1L, Inc. 1 4.25% $3,721

    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. Louis
    Date 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 for 2023-08-01 was $617,500, a difference of $12,375 (2.1%) versus the prior year and $38,000 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2023-08-01 was 0 days.

    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.