New Mexico Mortgage Rates and Refinance Rates Today

Mortgages in New Mexico: Find the best New Mexico mortgage rates today from banks and credit unions. When results are displayed for mortgage rates in New Mexico, you can easily sort your search results by lender, rate, APR and points so you can easily compare results. Whether you’re looking for conforming, jumbo, adjustable or interest-only mortgage rates in New Mexico. Another option is searching for New Mexico refinance rates if you're looking to refinance a loan. Best of all you don't have to provide any personal information to see a list of New Mexico mortgage rates or refinance rates.

Search and Compare New Mexico Current Mortgage Rates & Refinance Rates

Mortgage Rates Updated Mon May 27, 2019
Loan Type
Purchase    Refinance
State/City    Zip Code
Loan Amt Points FICO % Down
30 yr fixed refi in 87501, All points, Credit score: 740+     Sort by:
Cost & Fees
30 yr fixed mtg refi Mortgage Loan from Citizens Bank, NA
Citizens Bank, NA
Citizens Bank, NA

at 0.250 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $1,056
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
Bank of America

at 0.931 pts
60 day lock rate
Est payment: $1,432.25
Fees in APR: $1,329
30 yr fixed mtg refi Mortgage Loan from Raymond James Bank, NA
Raymond James Bank, NA
Raymond James Bank, NA

at 0.000 pts
45 day lock rate
Est payment: $1,520.06
Fees in APR: $1,299

Mortage Data Provided by Many lenders have different rates on their own Websites than those posted on In order to get the rate, please identify yourself as a customer. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the lender you choose, please click here.

The rates above were collected by on the dates specified. Rates are subject to change without notice and may vary from branch to branch. Rate/APR and terms may vary based on the creditworthiness of the individual and the extent to which the loan differs from the one used for quotes. For criteria used in surveys of rates above, click here. These quotes are from banks, thrifts, and brokers, some of whom have paid for a link to their own Web site, where you can find additional information.

New Mexico Conforming Mortgage Rates and Refinance Rates

Conforming home mortgage rates in New Mexico are the most popular type of mortgages rates you can find advertised for home buyers in New Mexico. Conforming mortgages, also known as conventional mortgages, are mortgages that meet certain criteria set out by Federal Housing Finance Agency (FHFA). There is a loan limit set for each county in the United States. Higher mortgage loan limits are set for high housing cost areas. New Mexico mortgages that 'conform' to the standards set out by the Federal Housing Finance Agency can be purchased by government sponsored entities (GSE) like Freddie Mac and Fannie Mae. This process guarantees New Mexico banks, mortgage companies and credit unions are able to resell home mortgage loans that they make. This process also makes New Mexico conforming mortgage rates and refi rates lower than New Mexico jumbo mortgage rates and jumbo refinance rates because the GSE's can’t purchase jumbo mortgages that are made by New Mexico home finance companies, credit unions and banks.

Jumbo Mortgage Rates and Refinance Rates in New Mexico

Jumbo mortgage rates in New Mexico are advertised for home loans that have a dollar amount that is higher than conventional loan amounts. Jumbo mortgage rates and jumbo refinance rates are always higher than conventional mortgage rates for both fixed mortgage rates in New Mexico and adjustable mortgage rates in New Mexico. Interest rates are higher because third party investors buy the home loans credit unions, banks and mortgage companies in New Mexico make.

New Mexico Fixed Mortgage Rates and Fixed Refinance Rates

New Mexico fixed rate mortgages are the most common mortgage available to borrowers. With a fixed mortgage the interest rate stays the same for the entire loan period. Fixed mortgages are available in 40 years, 30 years, 20 years, 15 years and 10 years. The longer the mortgage term the lower the monthly mortgage payment will be.

New Mexico Adjustable Mortgage Rates

Adjustable New Mexico mortgage rates are fixed for a period of time and then the mortgage rate adjusts every year after. The most common adjustable mortgages terms available in New Mexico are 1 year, 3 year, 5year and 7 year. Adjustable rate mortgages are advertised as 1 year, 3/1, 5/1 and 7/1. Adjustable mortgages are available for conforming dollar amounts and jumbo dollar amounts in New Mexico. Most adjustable mortgages in New Mexico have yearly caps and life time maximum caps on how high the interest rate can fluctuate.

Cities in New Mexico