Compare Today’s Refinance Rates for Monument, New Mexico 88265
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Monument, New Mexico 88265.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Monument, New Mexico 88265. For 30-year amortization refinancing, you can expect lifetime cash savings of $6,423 or $18 per month in Monument and other parts of Lea county.
Summary of Average Refinances in Monument, New Mexico 88265
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Interactive Refinance Rate Projections for Monument, New Mexico 88265
Pureloan has developed an interactive chart to monitor the five largest local lenders in Monument, NM 88265, 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 Monument, New Mexico 88265 from 2024 - 2016
The following historical data provides insights into refinancing trends in Monument, 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 Monument, New Mexico 88265
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Monument, New Mexico 88265, we have compiled a list of top refinance brokers to assist you in the process.
Therese Murray
Loan Officer
414 10th St
Alamogordo, NM 88265
(575) 437-4880
theresa.murray@fnbalamo.com
John Marquardt
Loan Officer
414 10th St
Alamogordo, NM 88265
(505) 439-0011
jmarquardt@1stfed.net
Lee Bain
Loan Officer
500 10th St Ste 201
Alamogordo, NM 88265
(575) 437-9334
leeann.b@bank34online.com
Nathan Thomas
Owner/Broker
1123 Mechem Dr
Ruidoso, NM 88265
(575) 258-1316
nathan@ruidosomortgage.com
Becky Kesterson
loan officer
1850 Sudderth Drive
Ruidoso, NM 88265
(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