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5/1 ARM Mortgage Rates in New Mexico

Updated: February 20, 2020

Search Rates

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

3.285%

APR
5 Year ARM
3.250% Rate $871/mo
  • Updated February 20, 2020
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4.716%

APR
5 Year ARM
3.375% Rate $884/mo
  • Updated February 20, 2020
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5.002%

APR
5 Year ARM
4.375% Rate $999/mo
  • Updated February 20, 2020
  • Compare up to 5 Offers, Against a Network of 1000s of Lenders
  • 3.411% APR
  • Fixed Rate 30yr
PRODUCTS RATES +/-
30 Year Fixed 3.50%
15 Year Fixed 3.17%
5/1 ARM 4.22%
Thursday, February 20, 2020

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Mortgage rates for New Mexico go up to 3.50%

Thursday, February 20, 2020

Mortgage rates for New Mexico on Lender411 for 30-year fixed-rate mortgages are at 3.50%. That increased from 3.48% to 3.50%. The 15-year fixed rates are now at 3.17%. The 5/1 ARM mortgage for New Mexico is now at 4.22%.

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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