Compare Today’s Mortgage Rates for Albuquerque, New Mexico

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Albuquerque, New Mexico 87199. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $7,577 or $21 / month in Albuquerque and surrounding areas of Bernalillo county.

Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Albuquerque, New Mexico 87199.

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Summary of Average Mortgage Terms in Albuquerque, New Mexico 87199

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Albuquerque, NM 87199, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.

Historical Mortgage Rates for Albuquerque, New Mexico 87199 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Albuquerque, New Mexico and around Bernalillo county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed mortgage 93.58% 88.97% 88.46% 89.14% 90.92% 90.89% 93.76% 94.84%
avg mortgage rate 5.00% 4.68% 3.92% 3.95% 4.49% 4.16% 3.97% 4.17%
% 15 year fixed mortgage 5.03% 8.12% 8.19% 9.01% 7.73% 7.41% 4.99% 4.53%
avg mortgage rate 4.40% 3.89% 3.33% 3.15% 3.53% 3.40% 3.15% 3.34%
Avg credit score 758.62 758.08 759.68 755.93 753.89 752.77 750.59 750.91
Avg LTV (loan to value) 71.70% 72.10% 72.72% 75.26% 75.88% 76.43% 77.23% 77.00%
Avg DTI (debt to income) 36.31 34.97 34.74 35.00 35.54 35.96 36.67 36.84
% First time homebuyer 32.01% 30.17% 25.59% 34.83% 35.65% 36.59% 37.43% 35.16%
Avg mortgage insurance % 1.95% 2.48% 3.88% 5.62% 6.53% 6.72% 7.52% 7.01%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Albuquerque, New Mexico 87199

If you’re looking to buy a new home in Albuquerque, we have compiled a list of the leading mortgage brokers around Albuquerque, New Mexico 87199 to help you with your search.

Name
Address
Contact

Financial Mortgage Group

3200 Monte Vista Blvd NE

Albuquerque NM 87199

(505) 232-7000

Afc Automotive Finance

2015 Yale Blvd SE

Albuquerque NM 87199

(505) 244-3828

Your Credit

3535 Gibson Blvd SE

Albuquerque NM 87199

(505) 255-8010

Alpha Credit

3535 Gibson Blvd SE

Albuquerque NM 87199

(505) 255-8010

Ric Thom Enterprises

1721 Girard Blvd NE

Albuquerque NM 87199

(505) 884-7758

Address

3200 Monte Vista Blvd NE

Albuquerque NM

Contact

(505) 232-7000

Address

2015 Yale Blvd SE

Albuquerque NM

Contact

(505) 244-3828

Address

3535 Gibson Blvd SE

Albuquerque NM

Contact

(505) 255-8010

News on Mortgages and Reverse Mortgages for Albuquerque, New Mexico 87199