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.
Las Cruces |
Rio Rancho |
Santa Fe |
Silver City |