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5/1 ARM Mortgage Rates in New Mexico

Updated: March 24, 2018

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


5 Year ARM
3.375% Rate $884/mo
  • Updated March 24, 2018
  • Get a free and no obligation rate quote in New Mexico.
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30 Year Fixed 4.63%
15 Year Fixed 3.72%
5/1 ARM 3.83%
Saturday, March 24, 2018

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Mortgage rates for New Mexico go down to 4.63%

Saturday, March 24, 2018

Mortgage rates for New Mexico on Lender411 for 30-year fixed-rate mortgages are at 4.63%. That dropped from 4.63% to 4.63%. The 15-year fixed rates are now at 3.72%. The 5/1 ARM mortgage for New Mexico is now at 3.83%.

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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