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7/1 ARM Mortgage Rates in New Mexico

Updated: June 25, 2017

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

3.749%

APR
7 Year ARM
3.250% Rate $870/mo
  • Updated June 25, 2017
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3.756%

APR
7 Year ARM
3.375% Rate $884/mo
  • Updated June 25, 2017
  • $1,000 Best Rate Guarantee
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3.073%

APR
7 Year ARM
3.000% Rate $844/mo
  • Updated June 25, 2017
  • Certified Upfront Lender! Online Good Faith Est! Apply & Lock Rate 24/7!

4.189%

APR
7 Year ARM
4.125% Rate $970/mo
  • Updated June 25, 2017
  • A+ Rating with the Better Business Bureau
PRODUCTS RATES +/-
30 Year Fixed 3.96%
15 Year Fixed 3.16%
5/1 ARM 3.25%
Sunday, June 25, 2017

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Mortgage rates for New Mexico go down to 3.96%

Sunday, June 25, 2017

Mortgage rates for New Mexico on Lender411 for 30-year fixed-rate mortgages are at 3.96%. That dropped from 3.96% to 3.96%. The 15-year fixed rates are now at 3.16%. The 5/1 ARM mortgage for New Mexico is now at 3.25%.

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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