7/1 ARM Mortgage Rates in New Mexico

Mortgage rates for New Mexico go down to 3.00%

Mortgage rates for New Mexico on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for New Mexico is now at 4.56%.

7/1 ARM Mortgage Rate Explained

7/1 ARM is an adjustable rate mortgage where the interest rate on the loan remains constant for the first 7 years. After that the rate will change based on its "margin" and "index" . Above you will find 5/1 ARM refinance rates for national and local lenders in New Mexico. 

Local Cities

Albuquerque | Carlsbad | Las Cruces | Mosquero | Raton | Rio Rancho | Santa Fe | Silver City | Taos