No longer just a suburb of Albuquerque, Rio Rancho is now New Mexico's third-largest -- and fastest-growing -- city. Founded in the 1960s, it's also one of the state's youngest towns. Most public buildings, including the hospital, sports arena and City Hall, are all relatively new. A university and community college are also in the works.
Tech is big here. Intel, which has operated a chipmaking plant in Rio Rancho since the 1980s, is by far the largest employer. And Hewlett-Packard recently opened a customer service center.
A spate of foreclosures in the city helped send home prices about 15% lower over the past few years, although prices have since started to stabilize.
See complete data and interactive map for Rio Rancho
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| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.58% | 3.48% | |
| 15 yr fixed | 2.72% | 2.69% | |
| 5/1 ARM | 2.57% | 2.60% | |
| 30 yr refi | 3.57% | 3.47% | |
| 15 yr refi | 2.72% | 2.67% |
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