Compare Today’s Mortgage Rates in Rio Rancho, New Mexico 87124
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Rio Rancho, New Mexico 87124.
Our search engine thoroughly explores all home mortgage options in Rio Rancho, New Mexico 87124, 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 $8,467 in lifetime cash or $24 per month in Rio Rancho and other areas of Sandoval county.
35.249347
-106.681756
36762
Summary of Average Mortgages in Rio Rancho, New Mexico 87124
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
Become a certified mortgage expert on Pureloan.com
in Rio Rancho, New Mexico 87124
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Mortgage Rate Projections for Rio Rancho, New Mexico 87124
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Rio Rancho, NM 87124. 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 Rio Rancho, New Mexico 87124 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Rio Rancho, New Mexico and around Sandoval 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 | 95.37% | 92.66% | 93.10% | 91.83% | 93.50% | 89.36% | 88.93% | 89.50% | 89.24% |
avg mortgage rate | 6.53% | 4.73% | 3.11% | 3.54% | 4.44% | 4.67% | 4.24% | 3.94% | 4.14% |
% 15 year fixed mortgage | 4.63% | 5.50% | 5.88% | 5.72% | 4.33% | 8.51% | 9.02% | 8.00% | 9.49% |
avg mortgage rate | 5.70% | 3.97% | 2.38% | 2.85% | 3.76% | 4.22% | 3.43% | 3.06% | 3.38% |
Avg credit score | 749.43 | 771.20 | 755.26 | 755.58 | 749.94 | 757.06 | 754.65 | 754.39 | 745.89 |
Avg LTV (loan to value) | 80.63% | 80.27% | 81.59% | 81.54% | 81.47% | 78.14% | 78.41% | 79.70% | 80.67% |
Avg DTI (debt to income) | 38.95 | 36.64 | 34.21 | 34.65 | 35.39 | 33.70 | 34.07 | 34.04 | 34.59 |
% First time homebuyer | 35.19% | 30.96% | 29.61% | 24.80% | 23.47% | 25.96% | 22.54% | 21.50% | 22.15% |
Avg mortgage insurance % | 12.40% | 12.86% | 13.43% | 13.00% | 13.14% | 10.76% | 10.22% | 9.31% | 11.10% |
Best Mortgage Brokers around Rio Rancho, New Mexico 87124
For those searching for a new home in Rio Rancho, we have compiled a list of the top mortgage brokers located in and around Rio Rancho, New Mexico 87124 to assist you with your search.
Name
Address
Contact
B F Holdings
2401 State Highway 528
Rio Rancho NM 87124
(505) 892-3810
Prime Source Mortgage
6412 Kalgan Rd NE
Rio Rancho NM 87124
(505) 235-3249
World Acceptance
2218 Southern Blvd SE
Rio Rancho NM 87124
(505) 891-3020
Another Mortgage Co.
4001 Barbara Loop SE
Rio Rancho NM 87124
(505) 896-4663
Pavillion Mortgage
1507 Salida Sol Dr SE
Rio Rancho NM 87124
(505) 702-8936
Address
2401 State Highway 528
Rio Rancho NM
Contact
(505) 892-3810
Address
6412 Kalgan Rd NE
Rio Rancho NM
Contact
(505) 235-3249
Address
2218 Southern Blvd SE
Rio Rancho NM
Contact
(505) 891-3020