Compare Today’s Refinance Rates for Rio Rancho, New Mexico 87124
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Rio Rancho, New Mexico 87124.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Rio Rancho, New Mexico 87124. For 30-year amortization refinancing, you can expect lifetime cash savings of $4,341 or $12 per month in Rio Rancho and other parts of Sandoval county.
Summary of Average Refinances in Rio Rancho, New Mexico 87124
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Interactive Refinance Rate Projections for Rio Rancho, New Mexico 87124
Pureloan has developed an interactive chart to monitor the five largest local lenders in Rio Rancho, NM 87124, 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 Rio Rancho, New Mexico 87124 from 2024 - 2016
The following historical data provides insights into refinancing trends in Rio Rancho, New Mexico and the surrounding Sandoval 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 Rio Rancho, New Mexico 87124
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Rio Rancho, New Mexico 87124, we have compiled a list of top refinance brokers to assist you in the process.
Heather Hutchison
Loan officer
41131 Barbara Loop Se, Suite 1C
Rio Rancho, NM 87124
(505) 338-4747
heather_foote-jasso@frostmortgage.com
Lyn Parrish
Mortgage Loan Consultant
500 Unser Blvd SE Ste 102
Rio Rancho, NM 87124
(505) 891-5644
lparrish@legacymortgagenm.com
Stacey Hunter
Loan Officer
2220 Grande Blvd SE Ste D
Rio Rancho, NM 87124
(505) 468-1755
stacey@superiormortgage-nm.com
Matt Arnot
Loan Officer
2220 Grande Blvd SE Ste D
Rio Rancho, NM 87124
(505) 468-1766
marnot@superiormortgage-nm.com
Juanita Kilijanski
Loan officer
7900 Jefferson Street Ne
Albuquerque, NM 87124
(505) 922-2842
juanita.kilijanski@usbank.com
Address
41131 Barbara Loop Se, Suite 1C
Rio Rancho, NM
Contact
(505) 338-4747
Fax (301) 639-0804
heather_foote-jasso@frostmortgage.com
Address
500 Unser Blvd SE Ste 102
Rio Rancho, NM
Contact
(505) 891-5644
Fax (301) 639-0804
lparrish@legacymortgagenm.com
Address
2220 Grande Blvd SE Ste D
Rio Rancho, NM
Contact
(505) 468-1755
Fax (301) 639-0804
stacey@superiormortgage-nm.com