Breaking News Mortgage rates drop sharply after bailout plan

Compare Farmington Mortgage Rates and Save! 

New Mexico Mortgage Rates 10/06/2008

Loan Type Today +/- This week
30 Yr Fixed 5.91% -0.12
15 Yr Fixed 5.76% -0.15
5/1 ARM 5.43% 5.43
30 Yr Fixed Jumbo 7.28% 7.28
5/1 ARM Jumbo 6.05% 0.11

Rates may contain points

Conforming

For loan amounts up to $417,000 (APR based on $400,000)

Jumbo

For loan amounts over $417,000 (APR based on $500,000)

Interest Only (Conforming)

Interest only for first few years then adjustable for remaining term on loan amounts up to $417,000 (APR based on $400,000)

Interest Only (Non-Conforming)

Interest only for first few years then adjustable for remaining term on loan amounts over $417,000 (APR based on $500,000)

Mortgage Calculator

Mortgage Stories

Need a Refinance? Try a private lender

As it becomes increasingly difficult to borrow for a refinance from traditional banks, more and more consumers are... »

Can't Refinance? Consider Chapter 7 Bankruptcy

When you have a mortgage you can't afford and refinancing isn't an option, don't dismiss the possibility that a... »

Mortgages: It's EASY Being Green!

Green mortgages are giving homeowners incentives to go green, one home at a time. »

Thawing out a Frozen HELOC

Hundreds of thousands of consumers are getting notices from their banks that their home equity lines of credit... »

More Mortgage stories »