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New Mexico Interest Only Mortgage Rates

Updated: December 09, 2018

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

4.988%

APR
30 Year Fixed
4.750% Rate $1,043/mo
  • Updated December 09, 2018
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5.041%

APR
30 Year Fixed
4.990% Rate $1,073/mo
  • Updated December 09, 2018
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5.375%

APR
30 Year Fixed
5.375% Rate $1,120/mo
  • Updated December 09, 2018
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PRODUCTS RATES +/-
30 Year Fixed 4.78%
15 Year Fixed 4.13%
5/1 ARM 4.17%
Sunday, December 09, 2018

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Mortgage rates for New Mexico go down to 4.78%

Sunday, December 9, 2018

Mortgage rates for New Mexico on Lender411 for 30-year fixed-rate mortgages are at 4.78%. That dropped from 4.78% to 4.78%. The 15-year fixed rates are now at 4.13%. The 5/1 ARM mortgage for New Mexico is now at 4.17%.

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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