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New Mexico Interest Only Mortgage Rates

Updated: October 23, 2017

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

3.740%

APR
30 Year Fixed
3.625% Rate $913/mo
  • Updated October 23, 2017
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4.325%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated October 23, 2017
  • A+ Rating with the Better Business Bureau

4.037%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated October 23, 2017
  • Competitive interest rates
PRODUCTS RATES +/-
30 Year Fixed 4.13%
15 Year Fixed 3.25%
5/1 ARM 3.33%
Monday, October 23, 2017

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Mortgage rates for New Mexico go down to 4.13%

Monday, October 23, 2017

Mortgage rates for New Mexico on Lender411 for 30-year fixed-rate mortgages are at 4.13%. That dropped from 4.13% to 4.13%. The 15-year fixed rates are now at 3.25%. The 5/1 ARM mortgage for New Mexico is now at 3.33%.

Interest Only Rates in New Mexico

When you buy a home in New Mexico or refinance your existing mortgage with an interest only mortgage loan, you are taking out a 30-year mortgage, electing to pay "interest only" (instead of principal + interest) for a set period of time, such as 3, 5, 7 or 10 years. After the end of the "interest only period", the monthly payments readjust to include the principal, and the loan is re-amortized for the remaining years. Check out our main page on Interest Only Mortgage Rates.

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