Compare Today’s Mortgage Rates in Hobbs, New Mexico 88241
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Hobbs, New Mexico 88241.
Our search engine thoroughly explores all home mortgage options in Hobbs, New Mexico 88241, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $6,963 in lifetime cash or $19 per month in Hobbs and other areas of Lea county.
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Summary of Average Mortgages in Hobbs, New Mexico 88241
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Hobbs, New Mexico 88241
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Hobbs, NM 88241. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Hobbs, New Mexico 88241 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Hobbs, New Mexico and around Lea county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed mortgage | 95.08% | 90.87% | 87.30% | 88.93% | 84.85% | 82.49% | 76.80% | 84.17% | 75.76% |
avg mortgage rate | 6.67% | 4.71% | 3.08% | 3.53% | 4.61% | 4.71% | 4.26% | 4.01% | 4.10% |
% 15 year fixed mortgage | 3.28% | 7.60% | 10.48% | 9.84% | 11.62% | 15.25% | 19.20% | 14.17% | 21.97% |
avg mortgage rate | 5.56% | 4.01% | 2.42% | 2.82% | 3.76% | 4.02% | 3.47% | 3.23% | 3.33% |
Avg credit score | 745.38 | 788.40 | 759.43 | 761.89 | 758.03 | 749.38 | 757.24 | 757.14 | 761.80 |
Avg LTV (loan to value) | 76.39% | 77.91% | 79.46% | 80.49% | 79.55% | 76.41% | 77.98% | 80.20% | 77.36% |
Avg DTI (debt to income) | 34.33 | 34.95 | 32.98 | 32.92 | 33.70 | 33.68 | 31.79 | 31.63 | 30.21 |
% First time homebuyer | 22.95% | 18.63% | 20.32% | 14.34% | 17.17% | 21.47% | 10.40% | 15.00% | 15.15% |
Avg mortgage insurance % | 10.98% | 9.22% | 9.37% | 9.89% | 9.60% | 7.99% | 5.47% | 8.06% | 6.27% |
Best Mortgage Brokers around Hobbs, New Mexico 88241
For those searching for a new home in Hobbs, we have compiled a list of the top mortgage brokers located in and around Hobbs, New Mexico 88241 to assist you with your search.
Name
Address
Contact
Southeastern NM Real Estate
1601 N Turner St
Hobbs NM 88241
(505) 393-0104
1st USA Title Loans of New Mexico
1003 S Marland Blvd
Hobbs NM 88241
(505) 391-7979
Charter Mortgage
1819 N Turner St
Hobbs NM 88241
(575) 397-3344
http://www.charterco.com/
Wells Fargo Financial
2827 N Dal Paso St
Hobbs NM 88241
(575) 392-4658
Gold Star Finance
100 E Broadway St
Hobbs NM 88241
(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/