Sample Mortgage Rates in New Mexico – March 24, 2008

Posted by Jim Kimmons, Broker/Owner • March 24, 2008 • Printer-friendly

Best mortgage rates for March 24, 2008 in New Mexico

CONFORMING	Rate	APR	Margin
15-Year Fixed	5.250	5.639	N/A
30-Year Fixed	5.625	5.895	N/A
5/1 ARM	6.250	5.196	2.75

Conforming rates based on a $200,000 loan amount with a property value of $300,000.Single family residence located in New Mexico to be used as a primary home. Assumes the borrower will document income and pay points less than 2%. Interest rates shown are subject to change without notice and assume excellent credit.

Click here to see the latest rates.

JUMBO	Rate	APR	Margin
30-Year Fixed	7.875	8.136	N/A
5/1 ARM	7.375	5.615	2.75

Jumbo rates based on a $520,000 loan amount with a property value of $650,000. Single family residence located in New Mexico to be used as a primary home. Assumes the borrower will document income and pay points less than 2%. Interest rates shown are subject to change without notice and assume excellent credit.

Click here to see the latest rates.

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