Santa Fe NM: Jan 7 2023 Mortgage Interest Rate Update

By
Real Estate Broker/Owner with eXp Realty LLC NM Broker License 16161

Mortgage Interest Rates continue to vary from day to day as both Buyer and Sellers adjust to the mortgage rate shock begun in 2022. Here is a general interest rate update for your information and home buying plans as of today. 

Program                                                         Rate                                     APR

Conforming 30 Year Fixed                         6.625%                                 6.07%

Conforming 15  Year Fixed                         6.000%                                6.128%

Jumbo 30 Year Fixed                                  6.375%                                  6.417%

Jumbo 15 Year Fixed                                   6.375%                                  6.551%

FHA 30 Year Fixed                                       6.250%                                  7.346%

VA 30 Year Fixed                                          6.125%                                   6.370%

Remember, these are the rates for today and should not be your guide for our local Santa Fe market. Mortgage Interest Rates now change like the weather. It is important to understand the buying process and how much purchasing power you have to bring to the table. Mortgage rates are only part of the story. Your credit and downpayment are also a part of equation. 

What is important is when you are searching for Santa Fe home, condo or townhome opportunities on the Santa Fe market today, it is important to connect with a lender. To continue this conversation and learn more, connect with Emily Medvec at 505-660-4541 for more information and lender referrals. In some situations, it may be possible to buy down your rate!

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Our Santa Fe real estate market is a local one. Search All Santa Fe Listings Here and get results in both an easy list or map search. If you want to see a SOLD sign on your property or you want to make a lifestyle change by moving here, call me at 505-660-4541 to schedule your real estate consultation. No one has time or money to waste in this new landscape of real estate online without an experienced broker working for you. I am available to make a positive difference in your real estate experience. Remember dreams are made a reality only when you act on them. Emily Medvec

Today, I represent Sellers and Buyers in all price ranges in Santa Fe and throughout northern New Mexico. My focus is to use my experience, vision and strategies to find you opportunities and solutions. My goal is always to save you time and money whether you are selling or buying any type of Santa Fe real estate, including homes, land, town homes, condominiums, ranches and commercial property. Here are recent reviews from my past clients about my know-how and service. Until you are ready to Sell or Buy Santa Fe real estate, why not dip into my site and learn more about Santa Fe. Or let's connect now or certainly learn more about each other on Linkedin or Facebook or Twitter

Emily Medvec Copyright  All Rights Reserved 2007-2023

Comments (3)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Santa Fe has a lot of potential in real estate regardless of price and I think it’s overall in an okay state of affairs

Jan 07, 2023 01:49 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Emily Medvec inflation is having a huge impact on the mortgage interest rate.  So until they get inflation under control we going to keep seeing those "Weather Change" like changes.

Jan 08, 2023 05:20 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Emily and thank you for sharing your information with us today in the Rain.  Make it a great start to the Week!

Jan 09, 2023 10:03 AM