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New Mexico Mortgage Rates 10/13/2008

Loan Type Today +/- This week
30 Yr Fixed 5.77% 0.11
15 Yr Fixed 5.62% 0.14
5/1 ARM 5.43% 0.00
30 Yr Fixed Jumbo 7.53% 0.07
5/1 ARM Jumbo 5.55% -0.22

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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