Current Mortgage Rates in New Mexico

Thursday, December 04, 2008



Current Mortgage Rates*

Loan Type
New Mexico Average
30-yr. fixed5.75%
30-yr. fixed jumbo7.75%
15-yr. fixed5.50%
15-yr. fixed jumbo7.62%
7/1 ARM6.25%
7/1 ARM jumbo7.75%
5/1 ARM5.88%
5/1 ARM jumbo7.00%
3/1 ARM5.88%
3/1 ARM jumbo7.50%
1-yr. ARM7.38%
1-yr. ARM jumbo6.75%
1-yr. LIBOR ARM6.25%
*Mortgage Rates Updated: 12/01/2008

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Current Mortgage Rates in New Mexico

New Mexico 30-yr. fixed Mortgage Rates New Mexico 30-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank7.29%7.75%3.50Citibank7.00%7.14%0.25
Bank of America6.63%6.79%0.92Bank of America7.42%7.69%1.88
Wachovia6.12%6.25%0.66Wells Fargo9.38%9.48%0.68
Wells Fargo6.13%6.23%0.73Chase7.89%8.03%1.08
Chase6.11%6.27%0.94 
Fifth Third Bank6.28%6.35%0.35 
New Mexico 15-yr. fixed Mortgage Rates New Mexico 15-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.90%7.82%4.89Citibank6.75%6.89%0.00
Bank of America6.19%6.49%1.11Bank of America7.20%7.59%1.56
Wachovia5.71%5.96%0.77Wells Fargo8.37%8.52%0.62
Wells Fargo6.01%6.17%0.58Chase8.33%8.58%1.13
Chase5.91%6.17%0.90 
Fifth Third Bank5.81%5.92%0.35 
New Mexico 7/1 ARM Mortgage Rates New Mexico 7/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.64%6.10%0.96Citibank7.00%7.46%0.00
Bank of America6.82%6.47%1.31Bank of America6.88%7.36%0.48
Wachovia6.04%6.07%0.44Wells Fargo8.38%7.11%0.76
Wells Fargo6.57%6.43%0.76Chase8.31%6.79%1.11
Chase6.63%6.24%0.93 
New Mexico 5/1 ARM Mortgage Rates New Mexico 5/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.37%5.94%1.01Citibank6.88%7.47%0.00
Bank of America6.54%6.15%1.06Bank of America8.14%6.63%1.05
Wells Fargo6.44%6.35%0.76Wells Fargo7.31%6.58%0.77
Chase6.35%6.07%0.88Chase7.08%6.28%0.89
Fifth Third Bank6.22%5.97%0.30 
New Mexico 3/1 ARM Mortgage Rates New Mexico 3/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.12%5.83%0.91Citibank7.00%7.62%0.00
Bank of America6.53%6.10%1.11Bank of America6.88%7.60%0.08
Wachovia5.75%5.79%0.34Wells Fargo6.75%7.52%0.12
Wells Fargo6.94%6.38%0.91Chase7.30%6.01%1.01
Chase5.88%5.80%1.03 
Fifth Third Bank5.99%5.82%0.26 
New Mexico 1-yr. ARM Mortgage Rates New Mexico 1-yr. ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.75%7.76%0.00Citibank7.00%7.90%0.00
Bank of America7.42%6.20%1.53Wells Fargo7.25%7.74%0.12
Wells Fargo7.25%7.78%0.12Chase6.71%5.81%1.04
Chase5.76%5.77%0.98 

Current Mortgage Rates by City

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Mortgage Statistics for New Mexico

  New Mexico USA
Population:
Population - The population of New Mexico
 1,810,309 284,881,454
White Population:
White Population - The number of white people living in where you might apply for a New Mexico mortgage.
 1,211,008 210,951,199
Black Population:
Black Population - The number of black people living in where you might apply for a New Mexico mortgage.
 34,228 33,966,477
Hispanic Population:
Hispanic Population - The number of hispanic people living in where you might apply for a New Mexico mortgage.
 763,105 34,671,551
HouseHolds:
HouseHolds - The total number of households in New Mexico, where you might buy a home.
 776,635 117,153,924
Person per Household:
Person per Household - The average number of people in a household in New Mexico, where you might apply for a New Mexico mortgage.
 2 2
Average House Value:
Average House Value - The average house value in New Mexico
 $100,621 $132,188
Income per Household:
Income per Household - The household income where you might compare New Mexico mortgage interest rates.
 $34,995 $43,800