Current Taos Real Estate & NM Mortgage Rates

Posted by Jim Kimmons, Broker/Owner on June 26th, 2008 No Comments Printer-Friendly Author's website: Jim Kimmons, Broker/Owner

Best mortgage rates for June 26, 2008 in New Mexico
CONFORMING
Rate
APR
Margin
15-Year Fixed
5.875
6.279
N/A
30-Year Fixed
6.250
6.533
N/A
5/1 ARM
5.625
5.943
2.25
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
15-Year Fixed
6.375
6.691
N/A
30-Year Fixed
7.250
7.501
N/A
5/1 ARM
6.625
6.262
2.25
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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