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Current Mortgage Rates for New Mexico

Posted by Jim Kimmons, Broker/Owner • April 7, 2008 • Printer-friendly
Best mortgage rates for April 07, 2008 in New Mexico
CONFORMING
Rate
APR
Margin
15-Year Fixed
5.125
5.537
N/A
30-Year Fixed
5.500
5.758
N/A
5/1 ARM
5.625
5.103
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
7.750
8.012
N/A
5/1 ARM
7.250
5.723
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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