Compare Today’s Refinance Rates for Albuquerque, New Mexico 87158
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Albuquerque, New Mexico 87158.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,548 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Albuquerque and other areas of Bernalillo 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 Albuquerque, New Mexico 87158
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Interactive Refinance Rate Projections for Albuquerque, New Mexico 87158
Pureloan has developed an interactive chart to monitor the five largest local lenders in Albuquerque, NM 87158, 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 Albuquerque, New Mexico 87158 from 2024 - 2016
The following historical data provides insights into refinancing trends in Albuquerque, New Mexico and the surrounding Bernalillo 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 | 100.00% | 53.90% | 58.54% | 59.42% | 72.12% | 71.83% | 56.78% | 66.10% | 64.00% |
avg refi rate | 6.25% | 3.74% | 3.03% | 3.38% | 4.27% | 4.55% | 4.17% | 3.92% | 4.11% |
% 15 year fixed refinance | 31.91% | 25.72% | 26.61% | 17.31% | 19.72% | 38.98% | 26.27% | 22.00% | |
avg refi rate | 2.83% | 2.50% | 2.85% | 3.72% | 3.82% | 3.32% | 3.19% | 3.28% | |
Avg credit score | 736.60 | 814.35 | 751.66 | 759.41 | 750.57 | 737.14 | 750.94 | 759.10 | 747.84 |
Avg LTV (loan to value) | 67.40% | 58.89% | 64.97% | 68.83% | 67.24% | 69.58% | 68.17% | 70.53% | 70.11% |
Avg DTI (debt to income) | 33.00 | 32.00 | 30.96 | 30.93 | 32.87 | 34.39 | 31.66 | 32.68 | 32.68 |
Avg refinance insurance % | 6.00% | 0.69% | 1.95% | 3.01% | 4.13% | 3.62% | 3.46% | 4.32% | 3.68% |
Best Refinance Brokers around Albuquerque, New Mexico 87158
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Albuquerque, New Mexico 87158, we have compiled a list of top refinance brokers to assist you in the process.
Robert Rispoli
Obsessive Customer Care Specialist
5111 San Mateo Blvd NE A-1
Albuquerque, NM 87158
(505) 836-5700
robert@indigomortgage.net
Jolene Nicoll
Loan Processor
5111 San Mateo Blvd NE A-1
Albuquerque, NM 87158
(505) 836-5700
jolene@indigomortgage.net
Eleanor Maier
Mortgage Loan Originator
5111 San Mateo Blvd NE A-1
Albuquerque, NM 87158
(505) 836-5700
eleanor@indigomortgage.net
Cheryl Blomberg
Loan officer
7410 Montgomery Blvd Ne Suite 101
Albuquerque, NM 87158
(505) 891-5670
cblomberg@vandykmortgage.com
Eric Begay
Loan officer
5200 Wyoming Blvd Ne
Albuquerque, NM 87158
(505) 722-4394
eric.begay@usbank.com
Address
5111 San Mateo Blvd NE A-1
Albuquerque, NM
Contact
(505) 836-5700
Fax (301) 639-0804
robert@indigomortgage.net
Address
5111 San Mateo Blvd NE A-1
Albuquerque, NM
Contact
(505) 836-5700
Fax (301) 639-0804
jolene@indigomortgage.net
Address
5111 San Mateo Blvd NE A-1
Albuquerque, NM
Contact
(505) 836-5700
Fax (301) 639-0804
eleanor@indigomortgage.net