Compare Today’s Mortgage Rates in Lovington, New Mexico 88260
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Lovington, New Mexico 88260.
Our search engine thoroughly explores all home mortgage options in Lovington, New Mexico 88260, 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 $6,240 in lifetime cash or $17 per month in Lovington and other areas of Lea county.
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Summary of Average Mortgages in Lovington, New Mexico 88260
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Lovington, New Mexico 88260
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Lovington, NM 88260. 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 Lovington, New Mexico 88260 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Lovington, 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 Lovington, New Mexico 88260
For those searching for a new home in Lovington, we have compiled a list of the top mortgage brokers located in and around Lovington, New Mexico 88260 to assist you with your search.
Name
Address
Contact
Your Credit
1412 S Main Ave
Lovington NM 88260
(575) 396-2131
Cash Corral Lovington
108 W Avenue N
Lovington NM 88260
(575) 396-4007
Barks & Bows
7 W Central Ave
Lovington NM 88260
(575) 704-0021
World Acceptance
930 W Ave
Lovington NM 88260
(575) 396-0289
http://worldacceptance.com
Address
1412 S Main Ave
Lovington NM
Contact
(575) 396-2131
Address
108 W Avenue N
Lovington NM
Contact
(575) 396-4007
Address
7 W Central Ave
Lovington NM
Contact
(575) 704-0021