Current Mortgage Rates in Albuquerque, New Mexico

Compare mortgage rates and fees for leading lenders in Albuquerque, NM. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Albuquerque.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Albuquerque. Plus, shopping lenders is free and there is no obligation.

Mortgage Rates in Albuquerque, NM as of December 16, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Albuquerque, NM Mortgage Rates Compare?

December 16, 2019

The current average rate for a 30 year fixed rate mortgage in Albuquerque is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Albuquerque, NM Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Albuquerque, New Mexico?

The median home value for Albuquerque, NM (Bernalillo County) is $208,296

The median household income for Albuquerque, NM (Bernalillo County) is $51,926

Based on current mortgage rates and a 10% down payment, you need to make $38,645 per year to buy the median priced home in Albuquerque

The home price you can afford to buy based on household income in Albuquerque is 134% of the median home value which means housing prices are average

Albuquerque (Bernalillo County) ranks 26 out of 33 counties in New Mexico and 2,743 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Albuquerque, NM is average


Loan Limits for Albuquerque, New Mexico

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Albuquerque (Bernalillo County) below.

Conforming loan limits for Albuquerque, NM

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Albuquerque, NM

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Albuquerque, NM

1 unit: $484,350

Additional Mortgage Resources for Albuquerque, NM Residents

Mortgage Rates for New Mexico Cities

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Bernalillo Mortgage Rates

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Las Cruces Mortgage Rates

Santa Fe Mortgage Rates


US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index