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New Mexico Mortgage Rates 11/20/2008

Loan Type Today +/-
30 Yr Fixed 5.64%
15 Yr Fixed 5.49%
5/1 ARM 5.43%
30 Yr Fixed Jumbo 7.53%
5/1 ARM Jumbo 5.55%

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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