Compare Gallup Mortgage Rates and Save!
New Mexico Mortgage Rates 09/07/2008
| Loan Type | Today | +/- | This week |
|---|---|---|---|
| 30 Yr Fixed | 6.14% |
|
-0.14 |
| 15 Yr Fixed | 5.85% |
|
-0.04 |
| 3/1 ARM | 5.05% |
|
-0.09 |
| 5/1 ARM | 5.43% |
|
-0.05 |
| 30 Yr Fixed Jumbo | 7.16% |
|
0.25 |
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
Understanding Lowball Offers
Negotiating for the best price for real estate can be a delicate process. By offering too much, it's easy for a buyer... »
Surviving the Mortgage Crisis: Living Outside the Box
The recent bust in the housing market has caused a boom in other real estate markets. Alternative homes, such as... »
Saving the Economy May Hurt Mortgage Rates
Starting in 2007, the Fed voted to progressively cut mortgage rates, and within the first quarter of 2008, slashed... »
Home Equity Lessons from the Texas Homestead Act
Today's housing crisis was fueled by home equity borrowing that turned houses into credit cards or ATM machines, and... »
