5/1 Adjustable Rate Mortgages in Albuquerque, New Mexico

If you’re looking for a low mortgage rate in Albuquerque but don’t want a loan that lasts several decades, you might want to investigate adjustable rate mortgages. These loans feature an introductory fixed rate period with an interest rate that’s often lower than that of a fixed rate mortgage. Then, the rate adjusts to match current market conditions.

5/1 ARMs are quite popular and Albuquerque Banking Rates has compiled a list of the best interest rates from lenders in Albuquerque, NM for this type of loan. These rates are based on a loan amount of $300,000:

Lowest 5/1 ARM Rates in Albuquerque

• Great Western Financial Services, Inc: 3.027% APR
• EverBank: 3.086% APR
• Mortgage Capital Associates: 3.094% APR
• Roundpoint Mortgage Company: 3.200% APR
• AimLoan.com: 3.253% APR

Please note these rates are accurate as of the publish date but are subject to change at any time without notice.