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Santa Fe NM: Jan 14 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                     6.5%                                  6.567%

Conforming 15  Year Fixed                     5.500%                              5.608%

Jumbo 30 Year Fixed                               6.250%                              6.280%

Jumbo 15 Year Fixed                                6.250%                              6.406%

FHA 30 Year Fixed                                    6.250%                               7.333%

VA 30 Year Fixed                                       6.250%                              6.485%

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 many situations, I have been able to negotiate a substantial seller credit to buy down the buyer 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

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Emily, rates are bouncing around a bit, but buyers are definitely out looking for a home!

Jan 14, 2023 05:46 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Emily - I appreciate the lead graphic in your post - it says so much.  And not only about mortgage interest rates at any given time.  

Jan 15, 2023 02:50 AM