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7/1 ARM Mortgage Rates in New Mexico

Updated: January 24, 2020

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

3.392%

APR
7 Year ARM
3.375% Rate $885/mo
  • Updated January 24, 2020
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4.935%

APR
7 Year ARM
4.250% Rate $984/mo
  • Updated January 24, 2020
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4.816%

APR
7 Year ARM
4.000% Rate $955/mo
  • Updated January 24, 2020
  • Compare up to 5 Offers, Against a Network of 1000s of Lenders
  • 3.411% APR
  • Fixed Rate 30yr
PRODUCTS RATES +/-
30 Year Fixed 3.58%
15 Year Fixed 3.38%
5/1 ARM 4.22%
Friday, January 24, 2020

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Mortgage rates for New Mexico go down to 3.58%

Friday, January 24, 2020

Mortgage rates for New Mexico on Lender411 for 30-year fixed-rate mortgages are at 3.58%. That dropped from 3.58% to 3.58%. The 15-year fixed rates are now at 3.38%. The 5/1 ARM mortgage for New Mexico is now at 4.22%.

7/1 ARM Mortgage Rate Explained

7/1 ARM is an adjustable rate mortgage where the interest rate on the loan remains constant for the first 7 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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