Current New Mexico Mortgage Rates
Average market rates for December 15, 2025 in New Mexico are 6.28% for 30-year fixed purchase and 6.33% for 30-year fixed refinance
| Product | Rate | APR |
|---|
| 30-year Fixed Purchase | 6.28% | 6.31% |
| 30-year Fixed Refinance | 6.33% | 6.36% |
Rates based on market averages as of Dec 14, 2025.Mortgage Rate Trends in New Mexico
| Product | Rate | APR |
|---|
| 30-year Fixed Purchase | 6.28% | 6.31% |
| 30-year Fixed Refinance | 6.33% | 6.36% |
Rates based on market averages as of Dec 14, 2025.New Mexico Purchase Rates
| Product | Rate | APR |
|---|
| 15-year Fixed Purchase | 5.41% | 5.45% |
| 15-year Fixed Jumbo Purchase | 6.26% | 6.28% |
| 30-year Fixed Purchase | 6.28% | 6.31% |
| 30-year Fixed Jumbo Purchase | 6.31% | 6.32% |
Rates based on market averages as of Dec 14, 2025.New Mexico Refinance Rates
| Product | Rate | APR |
|---|
| 15-year Fixed Refinance | 5.36% | 5.40% |
| 15-year Fixed Jumbo Refinance | 6.15% | 6.17% |
| 30-year Fixed Refinance | 6.33% | 6.36% |
| 30-year Fixed Jumbo Refinance | 6.26% | 6.27% |
Rates based on market averages as of Dec 14, 2025.New Mexico ARM Rates
| Product | Rate | APR |
|---|
| 5/6 Arm (purchase) | 6.11% | 6.14% |
| 5/6 Arm (refinance) | 6.09% | 6.12% |
| 5/6 Jumbo Arm (purchase) | 5.89% | 5.90% |
| 5/6 Jumbo Arm (refinance) | 5.94% | 5.95% |
Rates based on market averages as of Dec 14, 2025.How we source rates and rate trends
×
Rate data in the charts and tables above comes from
RateUpdate.com.
The displayed rates come from multiple providers and represent market averages. Your mortgage rate will differ
based on individual factors like your credit score as well as differing loan types and terms offered by lenders.
Most Common Mortgage Types in New Mexico
- Conventional: 15,966 loans
- FHA: 4,807 loans
- USDA: 223 loans
- VA: 3,637 loans
Top Purchase Lenders in New Mexico by Volume
- Waterstone Mortgage Corporation: 2,086 loans
- Primary Residential Mortgage, Inc.: 1,253 loans
- Rocket Mortgage, LLC: 1,061 loans
- Legacy Mortgage LLC: 1,060 loans
- Mortgage Research Center, LLC: 793 loans
- 21st Mortgage Corporation: 732 loans
- Bokf: 685 loans
- Finance Of America Mortgage LLC: 510 loans
- Guild Mortgage Company LLC: 495 loans
- Academy Mortgage Corporation: 474 loans
Top Refinance Lenders in New Mexico by Volume
- Rocket Mortgage, LLC: 431 loans
- Nusenda: 324 loans
- Wells Fargo Bank: 154 loans
- Freedom Mortgage Corporation: 144 loans
- Pennymac Loan Services, LLC: 143 loans
- Loandepot.com, LLC: 138 loans
- Nationstar Mortgage LLC: 120 loans
- Kirtland Federal Credit Union: 119 loans
- State Employees: 117 loans
- American Advisors Group: 115 loans
Top Cash-Out Refinance Lenders in New Mexico by Volume
- Rocket Mortgage, LLC: 1,728 loans
- Loandepot.com, LLC: 551 loans
- Nationstar Mortgage LLC: 358 loans
- Freedom Mortgage Corporation: 297 loans
- Wells Fargo Bank: 290 loans
- Amerisave Mortgage Corporation: 208 loans
- Goodleap, LLC: 207 loans
- Pennymac Loan Services, LLC: 199 loans
- Sandia Laboratory: 186 loans
- Nusenda: 140 loans
How we source lender data
Meet the Author
The Refi.com team is compiled of journalists, editors, and mortgage industry professionals to ensure you have the most accurate information on mortgage refinancing.
