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7/1 ARM Mortgage Rates in New Mexico

Updated: April 25, 2017

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

3.474%

APR
7 Year ARM
3.375% Rate $885/mo
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3.072%

APR
7 Year ARM
3.000% Rate $844/mo
  • Updated April 25, 2017
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3.331%

APR
7 Year ARM
3.250% Rate $871/mo
  • Updated April 25, 2017
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4.179%

APR
7 Year ARM
4.125% Rate $970/mo
  • Updated April 25, 2017
  • A+ Rating with the Better Business Bureau

3.886%

APR
7 Year ARM
3.375% Rate $884/mo
  • Updated April 25, 2017
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3.669%

APR
7 Year ARM
3.125% Rate $857/mo
  • Updated April 25, 2017
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and a Good Faith Estimate
  • $1,000 Best Rate Guarantee
PRODUCTS RATES +/-
30 Year Fixed 4.07%
15 Year Fixed 3.13%
5/1 ARM 3.38%
Tuesday, April 25, 2017

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Mortgage rates for New Mexico go down to 4.07%

Tuesday, April 25, 2017

Mortgage rates for New Mexico on Lender411 for 30-year fixed-rate mortgages are at 4.07%. That dropped from 4.13% to 4.07%. The 15-year fixed rates are now at 3.13%. The 5/1 ARM mortgage for New Mexico is now at 3.38%.

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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