Albuquerque Mortgage Rates: 3/1 ARM

Are you enticed by the low loan interest rates fixed mortgages have to offer but don’t want to take on a loan that lasts 30 years or more? Adjustable rate mortgages behave much like a fixed rate mortgage in the beginning, but often offer lower introductory interest rates and shorter term lengths.

3/1 ARMs are a common type of adjustable rate mortgage and below is a list of local lenders with the best home loan rates in Albuquerque for this type of mortgage:

Best 3/1 ARM Rates in Albuquerque, NM

AimLoan.com: 3.048% APR
Mortgage Capital Associates: 3.076% APR
Roundpoint Mortgage Company: 3.051% APR

These rates are accurate as of 4/12/11 and based on a home loan amount of $300,000. Please note rates are subject to change in the future at the discretion of the lender.