Compare Today’s Refinance Rates for Alamogordo, New Mexico 88310
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Alamogordo, New Mexico 88310.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,743 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Alamogordo and other areas of Otero county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
Summary of Average Refinances in Alamogordo, New Mexico 88310
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Interactive Refinance Rate Projections for Alamogordo, New Mexico 88310
Pureloan has developed an interactive chart to monitor the five largest local lenders in Alamogordo, NM 88310, for refinancing and cash-out. The chart features historical rates, which are based on completed refinancings, and projections, which are based on proprietary modeling.
Historical Refinance Rates in Alamogordo, New Mexico 88310 from 2024 - 2016
The following historical data provides insights into refinancing trends in Alamogordo, New Mexico and the surrounding Otero county, based on factors such as loan type, credit score, LTV, and other parameters. This data is derived from actual closed home refinancings.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed refinance | 75.00% | 64.81% | 58.71% | 46.83% | 62.96% | 62.07% | 47.73% | 64.00% | 53.85% |
avg refi rate | 6.79% | 3.71% | 3.00% | 3.38% | 4.36% | 4.70% | 4.43% | 4.05% | 4.09% |
% 15 year fixed refinance | 16.67% | 28.86% | 37.30% | 18.52% | 34.48% | 45.45% | 32.00% | 28.21% | |
avg refi rate | 2.72% | 2.43% | 2.89% | 3.97% | 4.00% | 3.52% | 3.35% | 3.36% | |
Avg credit score | 740.00 | 742.93 | 759.04 | 763.79 | 759.15 | 745.38 | 744.41 | 747.20 | 762.05 |
Avg LTV (loan to value) | 70.75% | 63.81% | 65.53% | 67.56% | 62.78% | 66.21% | 66.00% | 70.62% | 68.72% |
Avg DTI (debt to income) | 38.00 | 34.20 | 32.67 | 33.22 | 36.70 | 34.79 | 34.95 | 32.74 | 28.46 |
Avg refinance insurance % | 3.00% | 1.81% | 2.10% | 2.56% | 2.04% | 2.52% | 2.09% | 4.78% | 3.46% |
Best Refinance Brokers around Alamogordo, New Mexico 88310
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Alamogordo, New Mexico 88310, we have compiled a list of top refinance brokers to assist you in the process.
Nathan Stringfield
Loan officer
500 E. 10Th St.
Alamogordo, NM 88310
(575) 437-9334
nathan.s@bank34.com
Heather Jones
Loan officer
1100 New York Avenue, Suite C
Alamogordo, NM 88310
(575) 448-6002
hjones@homeownersfg.com
Danielle Alpers
Loan officer
307 11Th St.
Alamogordo, NM 88310
(505) 353-5931
dani.alpers@gatewayloan.com
Lee Bain
Loan Officer
500 10th St Ste 201
Alamogordo, NM 88310
(575) 437-9334
leeann.b@bank34online.com
John Marquardt
Loan Officer
414 10th St
Alamogordo, NM 88310
(505) 439-0011
jmarquardt@1stfed.net
Address
500 E. 10Th St.
Alamogordo, NM
Contact
(575) 437-9334
Fax (301) 639-0804
nathan.s@bank34.com
Address
1100 New York Avenue, Suite C
Alamogordo, NM
Contact
(575) 448-6002
Fax (301) 639-0804
hjones@homeownersfg.com
Address
307 11Th St.
Alamogordo, NM
Contact
(505) 353-5931
Fax (301) 639-0804
dani.alpers@gatewayloan.com