Current Mortgage Rates in New Mexico

Monday, October 13, 2008



Current Mortgage Rates*

Loan Type
New Mexico Average
30-yr. fixed6.12%
30-yr. fixed jumbo7.62%
15-yr. fixed5.88%
15-yr. fixed jumbo7.12%
7/1 ARM6.75%
7/1 ARM jumbo7.75%
5/1 ARM6.38%
5/1 ARM jumbo7.38%
3/1 ARM6.25%
3/1 ARM jumbo7.12%
1-yr. ARM4.88%
1-yr. ARM jumbo6.12%
1-yr. LIBOR ARM6.25%
*Mortgage Rates Updated: 10/11/2008

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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
Citibank7.69%8.25%4.33Citibank7.00%7.14%0.25
Bank of America6.60%6.75%0.81Bank of America7.38%7.65%1.87
Wachovia6.22%6.36%0.72Wells Fargo9.43%9.49%0.26
Wells Fargo6.42%6.49%0.23Chase7.76%7.81%0.17
Chase6.34%6.42%0.08 
Fifth Third Bank6.38%6.45%0.35 
New Mexico 15-yr. fixed Mortgage Rates New Mexico 15-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank7.35%8.55%6.48Citibank6.75%6.89%0.00
Bank of America6.26%6.53%0.99Bank of America7.20%7.59%1.56
Wachovia5.73%5.99%0.83Wells Fargo8.04%8.16%0.40
Wells Fargo6.17%6.30%0.32Chase6.50%6.59%0.00
Chase6.35%6.47%0.07 
Fifth Third Bank5.86%5.98%0.38 
New Mexico 7/1 ARM Mortgage Rates New Mexico 7/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.50%7.21%0.25Citibank7.00%7.46%0.00
Bank of America6.50%6.48%1.05Bank of America6.88%7.36%0.48
Wachovia5.85%5.90%0.55Wells Fargo8.58%7.57%0.26
Wells Fargo7.26%6.84%0.16Chase8.22%7.50%0.38
Chase6.84%6.45%0.04 
New Mexico 5/1 ARM Mortgage Rates New Mexico 5/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.38%7.29%0.12Citibank6.88%7.47%0.00
Bank of America6.48%6.20%0.89Bank of America8.14%6.63%1.05
Wells Fargo7.02%6.63%0.24Wells Fargo7.86%6.89%0.33
Chase6.75%6.30%0.04Chase7.72%6.68%0.00
Fifth Third Bank6.23%6.03%0.29 
New Mexico 3/1 ARM Mortgage Rates New Mexico 3/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.62%7.51%0.00Citibank7.00%7.62%0.00
Bank of America6.13%6.25%0.93Bank of America6.88%7.60%0.08
Wachovia5.59%5.65%0.45Wells Fargo6.75%7.52%0.12
Wells Fargo6.38%7.44%0.12Chase6.75%7.41%0.00
Chase6.75%7.37%0.00 
Fifth Third Bank5.83%5.87%0.25 
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%0.12Chase7.12%7.62%0.00
Chase6.12%7.53%0.12 

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