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New Mexico Interest Only Mortgage Rates

Updated: February 20, 2020

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

3.187%

APR
30 Year Fixed
3.125% Rate $857/mo
  • Updated February 20, 2020
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3.394%

APR
30 Year Fixed
3.375% Rate $885/mo
  • Updated February 20, 2020
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3.468%

APR
30 Year Fixed
3.250% Rate $870/mo
  • Updated February 20, 2020
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3.538%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated February 20, 2020
  • Compare up to 5 Offers, Against a Network of 1000s of Lenders
  • 3.411% APR
  • Fixed Rate 30yr
PRODUCTS RATES +/-
30 Year Fixed 3.50%
15 Year Fixed 3.17%
5/1 ARM 4.22%
Thursday, February 20, 2020

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Mortgage rates for New Mexico go up to 3.50%

Thursday, February 20, 2020

Mortgage rates for New Mexico on Lender411 for 30-year fixed-rate mortgages are at 3.50%. That increased from 3.48% to 3.50%. The 15-year fixed rates are now at 3.17%. The 5/1 ARM mortgage for New Mexico is now at 4.22%.

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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