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5/1 ARM Mortgage Rates in New Mexico

Updated: December 18, 2018

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

4.289%

APR
5 Year ARM
4.250% Rate $984/mo
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4.716%

APR
5 Year ARM
3.375% Rate $884/mo
  • Updated December 18, 2018
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PRODUCTS RATES +/-
30 Year Fixed 4.77%
15 Year Fixed 4.13%
5/1 ARM 4.17%
Tuesday, December 18, 2018

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Mortgage rates for New Mexico go down to 4.77%

Tuesday, December 18, 2018

Mortgage rates for New Mexico on Lender411 for 30-year fixed-rate mortgages are at 4.77%. That dropped from 4.77% to 4.77%. The 15-year fixed rates are now at 4.13%. The 5/1 ARM mortgage for New Mexico is now at 4.17%.

5/1 ARM Mortgage Rate Explained

5/1 ARM is an adjustable rate mortgage where the interest rate on the loan and hence the payment of the loan stays the same during the first 5 years. After that the rate will change based on its "margin" and "index" . Above you will find 5/1 ARM refinance rates for national and local lenders in New Mexico. 

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