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5/1 ARM Mortgage Rates in New Mexico

Updated: October 20, 2017

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


5 Year ARM
3.250% Rate $870/mo
  • Updated October 20, 2017
  • Get a free and no obligation rate quote in New Mexico.
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30 Year Fixed 4.10%
15 Year Fixed 3.28%
5/1 ARM 3.38%
Friday, October 20, 2017

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Mortgage rates for New Mexico go down to 4.10%

Friday, October 20, 2017

Mortgage rates for New Mexico on Lender411 for 30-year fixed-rate mortgages are at 4.10%. That dropped from 4.10% to 4.10%. The 15-year fixed rates are now at 3.28%. The 5/1 ARM mortgage for New Mexico is now at 3.38%.

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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