New Mexico Mortgage Rates
Mortgage Rates as on 01 May 2024 in New Mexico
| Mortgage Type | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | 30 Year |
|---|---|---|---|---|---|---|
| Fixed | - | - | 6.875 | 6.875 | 6.99 | 7.25 |
| Fixed APR | - | - | 7.242 | 7.137 | 7.189 | 7.428 |
| Adjustable | 8 | 7.875 | - | - | - | |
| Adjustable APR | 8.211 | 8.175 | - | - | - | |
| Jumbo | - | - | - | 7.125 | 7.375 | 7.375 |
| Jumbo APR | - | - | - | 7.412 | 7.618 | 7.545 |
| FHA | - | - | - | 7.25 | - | 7.25 |
| FHA APR | - | - | - | 9.045 | - | 8.144 |
| VA | - | - | - | 7.25 | - | 6.99 |
| VA APR | - | - | - | 8.675 | - | 7.39 |
New Mexico Mortgage Rates Updated on 01 May 2024
New Mexico Mortgage Rates Explained :
New Mexico Fixed Mortgage Rate :
In New Mexico State Fixed (Conventional) rate mortgage, the interest rate is fixed and won't change for the life of that home loan.
In New Mexico State Fixed (Conventional) rate mortgage, the interest rate is fixed and won't change for the life of that home loan.
New Mexico ARM Rate :
In New Mexico State Adjustable rate mortgage (ARM), the interest rate on the outstanding balance varies throughout the life of the loan at yearly or even monthly intervals.
In New Mexico State Adjustable rate mortgage (ARM), the interest rate on the outstanding balance varies throughout the life of the loan at yearly or even monthly intervals.
New Mexico Jumbo Jumbo Mortgage Rate :
A New Mexico jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA).
A New Mexico jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA).
New Mexico FHA Mortgage Rate :
In New Mexico State, Federal Housing Administration (FHA) loans are federally-backed mortgages designed for low-to-moderate-income borrowers.
In New Mexico State, Federal Housing Administration (FHA) loans are federally-backed mortgages designed for low-to-moderate-income borrowers.
New Mexico VA Mortgage Rate :
In New Mexico State, The VA loan is a $0 down mortgage available to Veterans, Service Members and select military spouses and guaranteed by the U.S. Department of Veterans Affairs (VA).
In New Mexico State, The VA loan is a $0 down mortgage available to Veterans, Service Members and select military spouses and guaranteed by the U.S. Department of Veterans Affairs (VA).
New Mexico APR :
In New Mexico State, Annual Percentage Rate (APR) is yearly cost of your loan, including any fees or costs in addition to the actual interest.
In New Mexico State, Annual Percentage Rate (APR) is yearly cost of your loan, including any fees or costs in addition to the actual interest.
About New Mexico Mortgage Rates
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