Mortgage Refinancing in New Mexico
Real refinance data for New Mexico from federal sources, updated annually. See how your state compares to national averages.
Refinance Originations
1,793
2023 HMDA data
Avg Loan Amount
$381,291
National: $410,429
Denial Rate
31.38%
▼ Above national avg
Median Home Value
$232,200
U.S. Census Bureau
Source: HMDA 2023 via CFPB, U.S. Census Bureau ACS
Calculate your refinance savingsRefinance Trends in New Mexico
Originations by Year
Refinance originations in New Mexico by year. Source: HMDA via CFPB.
Loan Type Breakdown
Includes all refinance applications (originated, denied, and other outcomes). Source: HMDA via CFPB.
Home Price Trends in New Mexico
Source: FHFA House Price Index
Top Lenders in New Mexico
| # | Lender | HMDA Records | Avg Loan |
|---|---|---|---|
| 1 | Rocket Mortgage LLC | 5,020 | - |
| 2 | 21st Mortgage Corporation | 4,063 | - |
| 3 | 21st Mortgage Corporation | 3,913 | - |
| 4 | Nusenda | 3,160 | - |
| 5 | Waterstone Mortgage Corporation | 3,098 | - |
| 6 | Nusenda | 3,039 | - |
| 7 | Rocket Mortgage LLC | 2,805 | - |
| 8 | Wells Fargo Bank National Association | 2,387 | - |
| 9 | Pennymac Loan Services LLC | 2,330 | - |
| 10 | Pennymac Loan Services LLC | 2,175 | - |
Ranked by total HMDA filings in the state (2023). Source: HMDA via CFPB.
Compare all lenders →How New Mexico Compares
| Metric | New Mexico | National Avg |
|---|---|---|
| Refinance Originations | 1,793 | 435,709 |
| Avg Loan Amount | $381,291 | $410,429 |
| Denial Rate | 31.38% | 27.87% |
Green indicates the state performs better than the national average. Red indicates worse. Source: HMDA 2023, U.S. Census Bureau.
Current Mortgage Rates
30-Year Fixed
6.38%
▲ 6.22% prev
15-Year Fixed
5.75%
▲ 5.54% prev
5/1 ARM
6.06%
▲ 5.95% prev
National average rates updated daily from FRED (Federal Reserve Bank of St. Louis). Your rate depends on your credit score, loan amount, and lender.
Get personalized rates →Frequently Asked Questions
How many people refinanced in New Mexico in 2023?
In 2023, there were 1,793 refinance originations in New Mexico, according to HMDA data reported to the CFPB.
What is the average refinance loan amount in New Mexico?
The average refinance loan amount in New Mexico was $381,291 in 2023. This reflects originated loans reported through HMDA.
What is the refinance denial rate in New Mexico?
The refinance denial rate in New Mexico was 31.38% in 2023. This is calculated from originated and denied applications reported to the CFPB.
What are the top refinance lenders in New Mexico?
The most active lenders in New Mexico by HMDA filing volume include Rocket Mortgage LLC, 21st Mortgage Corporation, 21st Mortgage Corporation. See the full list above for details.
Is it a good time to refinance in New Mexico?
Whether refinancing makes sense depends on your current rate, loan balance, and how long you plan to stay in your home. Use our refinance calculator and break-even calculator to estimate your potential savings based on current national rates.
Want a deeper analysis?
Read our full editorial guide on refinancing in New Mexico, including tips, regulations, and state programs.
Read the New Mexico Refinance GuideData sourced from HMDA (Home Mortgage Disclosure Act) via the CFPB and FRED (Federal Reserve Bank of St. Louis). Demographics from the U.S. Census Bureau American Community Survey. This page is for educational purposes only and does not constitute financial advice. Consult a licensed mortgage professional for personalized guidance.