New Mexico Mortgage and Refinance Rates

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Current New Mexico Mortgage Rates

Average market rates for 10-04-2023 in New Mexico are 7.332% for 30 Year Fixed Purchase and 7.431% for 30 Year Fixed Refinance

DateProductRate
10-04-202330 Year Fixed Purchase7.332%
10-04-202330 Year Fixed Refinance7.431%

New Mexico Purchase Rates

DateProductRate
10-04-202315 Year Fixed Purchase6.537%
10-04-202315 Year fixed Jumbo Purchase6.584%
10-04-202330 Year Fixed Purchase7.332%
10-04-202330 Year Fixed Jumbo Purchase7.534%

New Mexico Refinance Rates

DateProductRate
10-04-202315 Year Fixed Refinance6.535%
10-04-202315 Year fixed Jumbo Refinance6.567%
10-04-202330 Year Fixed Refinance7.431%
10-04-202330 Year Fixed Jumbo Refinance7.572%

New Mexico ARM Rates

DateProductRate
10-04-20235/6 ARM SOFR Purchase7.075%
10-04-20235/6 ARM SOFR Refinance6.994%
10-04-20235/6 ARM Jumbo SOFR Purchase6.519%
10-04-20235/6 ARM Jumbo SOFR Refinance6.519%

How we source rates and rate trends

Most Common Mortgage Types in New Mexico

  • Conventional: 15,966 loans
  • FHA: 4,807 loans
  • USDA: 223 loans
  • VA: 3,637 loans

Top Purchase Lenders in New Mexico by Volume

  • Waterstone Mortgage Corporation: 2,086 loans
  • Primary Residential Mortgage, Inc.: 1,253 loans
  • Rocket Mortgage, LLC: 1,061 loans
  • Legacy Mortgage LLC: 1,060 loans
  • Mortgage Research Center, LLC: 793 loans
  • 21st Mortgage Corporation: 732 loans
  • Bokf: 685 loans
  • Finance Of America Mortgage LLC: 510 loans
  • Guild Mortgage Company LLC: 495 loans
  • Academy Mortgage Corporation: 474 loans

Top Refinance Lenders in New Mexico by Volume

  • Rocket Mortgage, LLC: 431 loans
  • Nusenda: 324 loans
  • Wells Fargo Bank: 154 loans
  • Freedom Mortgage Corporation: 144 loans
  • Pennymac Loan Services, LLC: 143 loans
  • Loandepot.com, LLC: 138 loans
  • Nationstar Mortgage LLC: 120 loans
  • Kirtland Federal Credit Union: 119 loans
  • State Employees: 117 loans
  • American Advisors Group: 115 loans

Top Cash-Out Refinance Lenders in New Mexico by Volume

  • Rocket Mortgage, LLC: 1,728 loans
  • Loandepot.com, LLC: 551 loans
  • Nationstar Mortgage LLC: 358 loans
  • Freedom Mortgage Corporation: 297 loans
  • Wells Fargo Bank: 290 loans
  • Amerisave Mortgage Corporation: 208 loans
  • Goodleap, LLC: 207 loans
  • Pennymac Loan Services, LLC: 199 loans
  • Sandia Laboratory: 186 loans
  • Nusenda: 140 loans

How we source lender data

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