Mortgage rates for New Mexico
go up to 4.18%
Wednesday, April 26, 2017
Mortgage rates for New Mexico on Lender411 for 30-year fixed-rate mortgages are at 4.18%.
That increased from 4.07% to 4.18%.
The 15-year fixed rates are now at 3.31%. The 5/1 ARM mortgage for New Mexico is now at 3.40%.
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.
Las Cruces |
Rio Rancho |
Santa Fe |
Silver City |