Compare Today’s Refinance Rates for Corona, New Mexico 88318
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Corona, New Mexico 88318.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,649 over the lifetime of your mortgage, which translates to a monthly savings of $10 in Corona and other areas of Lincoln 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 Corona, New Mexico 88318
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Interactive Refinance Rate Projections for Corona, New Mexico 88318
Pureloan has developed an interactive chart to monitor the five largest local lenders in Corona, NM 88318, 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 Corona, New Mexico 88318 from 2024 - 2016
The following historical data provides insights into refinancing trends in Corona, New Mexico and the surrounding Lincoln 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 Corona, New Mexico 88318
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Corona, New Mexico 88318, we have compiled a list of top refinance brokers to assist you in the process.
Therese Murray
Loan Officer
414 10th St
Alamogordo, NM 88318
(575) 437-4880
theresa.murray@fnbalamo.com
John Marquardt
Loan Officer
414 10th St
Alamogordo, NM 88318
(505) 439-0011
jmarquardt@1stfed.net
Lee Bain
Loan Officer
500 10th St Ste 201
Alamogordo, NM 88318
(575) 437-9334
leeann.b@bank34online.com
Nathan Thomas
Owner/Broker
1123 Mechem Dr
Ruidoso, NM 88318
(575) 258-1316
nathan@ruidosomortgage.com
Becky Kesterson
loan officer
1850 Sudderth Drive
Ruidoso, NM 88318
(575) 257-2265
bkesterson@citybankonline.com
Address
414 10th St
Alamogordo, NM
Contact
(575) 437-4880
Fax (301) 639-0804
theresa.murray@fnbalamo.com
Address
414 10th St
Alamogordo, NM
Contact
(505) 439-0011
Fax (301) 639-0804
jmarquardt@1stfed.net
Address
500 10th St Ste 201
Alamogordo, NM
Contact
(575) 437-9334
Fax (301) 639-0804
leeann.b@bank34online.com