Compare Today’s Refinance Rates for Hobbs, New Mexico 88241
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Hobbs, New Mexico 88241.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Hobbs, New Mexico 88241. For 30-year amortization refinancing, you can expect lifetime cash savings of $6,423 or $18 per month in Hobbs and other parts of Lea county.
Summary of Average Refinances in Hobbs, New Mexico 88241
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Interactive Refinance Rate Projections for Hobbs, New Mexico 88241
Pureloan has developed an interactive chart to monitor the five largest local lenders in Hobbs, NM 88241, 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 Hobbs, New Mexico 88241 from 2024 - 2016
The following historical data provides insights into refinancing trends in Hobbs, New Mexico and the surrounding Lea 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 Hobbs, New Mexico 88241
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Hobbs, New Mexico 88241, we have compiled a list of top refinance brokers to assist you in the process.
Amber Fisher
Loan officer
1020 N. Turner
Hobbs, NM 88241
(575) 391-5806
afisher@pioneerbnk.com
Jayson Kringel
Loan officer
1017 N Turner
Hobbs, NM 88241
(575) 397-6664
jayson.kringel@lcsb.com
Brenda Bryant
Loan Officer
1819 N Turner St Ste J
Hobbs, NM 88241
(575) 393-0828
brenda.bryant@englending.com
Rebecca Underation
Loan officer
306 N. Pennsylvania
Roswell, NM 88241
(575) 624-5221
bunderation@pioneerbnk.com
Patty Boulware
Loan officer
111 N. Canal Street
Carlsbad, NM 88241
(575) 885-7463
pboulware@pioneerbnk.com
Address
1020 N. Turner
Hobbs, NM
Contact
(575) 391-5806
Fax (301) 639-0804
afisher@pioneerbnk.com
Address
1017 N Turner
Hobbs, NM
Contact
(575) 397-6664
Fax (301) 639-0804
jayson.kringel@lcsb.com
Address
1819 N Turner St Ste J
Hobbs, NM
Contact
(575) 393-0828
Fax (301) 639-0804
brenda.bryant@englending.com