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New Mexico Mortgage Rates 09/08/2008

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)

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