Compare Today’s Mortgage Rates for Hobbs, New Mexico

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Hobbs, New Mexico 88242. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $8,282 or $23 / month in Hobbs and other areas of Lea county.

Our search engine explores all home mortgage options in Hobbs, New Mexico 88242, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Hobbs, New Mexico 88242

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Hobbs, NM

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Hobbs, NM 88242, 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.

Local Mortgage Rates for Hobbs, NM

Historical Mortgage Rates for Hobbs, New Mexico 88242 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Hobbs, New Mexico and around Lea 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 89.74% 86.69% 86.99% 87.39% 88.65% 87.57% 88.92% 89.32%
avg mortgage rate 4.94% 4.65% 3.89% 3.93% 4.42% 4.08% 3.88% 4.12%
% 15 year fixed mortgage 8.46% 10.84% 11.41% 11.04% 9.80% 10.70% 9.65% 8.92%
avg mortgage rate 4.32% 3.86% 3.16% 3.08% 3.45% 3.18% 3.09% 3.30%
Avg credit score 761.83 761.00 761.69 757.79 754.67 754.66 751.31 752.31
Avg LTV (loan to value) 73.39% 74.66% 76.50% 77.97% 79.56% 79.81% 80.33% 80.47%
Avg DTI (debt to income) 33.78 33.47 33.14 33.64 34.37 35.17 35.58 36.03
% First time homebuyer 49.30% 43.60% 45.46% 48.16% 49.69% 51.51% 52.51% 52.09%
Avg mortgage insurance % 3.14% 4.03% 6.00% 7.90% 8.98% 9.84% 10.55% 10.12%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Hobbs, New Mexico 88242

If you’re looking to buy a new home in Hobbs, we have compiled a list of the leading mortgage brokers around Hobbs, New Mexico 88242 to help you with your search.

Name
Address
Contact

Southeastern NM Real Estate

1601 N Turner St

Hobbs NM 88242

(505) 393-0104

1st USA Title Loans of New Mexico

1003 S Marland Blvd

Hobbs NM 88242

(505) 391-7979

Charter Mortgage

1819 N Turner St

Hobbs NM 88242

(575) 397-3344

http://www.charterco.com/

Wells Fargo Financial

2827 N Dal Paso St

Hobbs NM 88242

(575) 392-4658

Gold Star Finance

100 E Broadway St

Hobbs NM 88242

(575) 391-7704

Address

1601 N Turner St

Hobbs NM

Contact

(505) 393-0104

Address

1003 S Marland Blvd

Hobbs NM

Contact

(505) 391-7979

Address

1819 N Turner St

Hobbs NM

Contact

(575) 397-3344

http://www.charterco.com/

News on Mortgages and Reverse Mortgages for Hobbs, New Mexico 88242