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3/1 ARM Mortgage Rates in New Mexico

Updated: December 09, 2018

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Displaying rates for Mortgage Refinance in NM for $200,000

5.156%

APR
3 Year ARM
4.250% Rate $984/mo
  • Updated December 09, 2018
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PRODUCTS RATES +/-
30 Year Fixed 4.78%
15 Year Fixed 4.13%
5/1 ARM 4.17%
Sunday, December 09, 2018

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Mortgage rates for New Mexico go down to 4.78%

Sunday, December 9, 2018

Mortgage rates for New Mexico on Lender411 for 30-year fixed-rate mortgages are at 4.78%. That dropped from 4.78% to 4.78%. The 15-year fixed rates are now at 4.13%. The 5/1 ARM mortgage for New Mexico is now at 4.17%.

3/1 ARM Mortgage Rate Explained

3/1 ARM is an adjustable rate mortgage where the monthly payment (principal and interest) of the loan does not change during 3 years. After that the rate will change based on its "margin" and "index" . Above you will find 3/1 ARM refinance rates for national and local lenders in New Mexico. 

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