Interest Rates

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Albuquerque market updates, advice for buyers and sellers, and life in New Mexico.

Market Updates / Jun 15, 2022

Interest Rates, June 15, 2022

Today's announcement by the Federal Reserve set a big increase in interest rates and means several more rounds of rate hikes are on the way in upcoming months. So far, the short-term…

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Freddie Mac chart showing 30-year mortgage rates hitting a 2017 low

Market Updates / Aug 25, 2017

Albuquerque Mortgage Rates

Today’s Rates: · Conventional 30 year fixed rates currently priced at 3.875%. · Conventional 15 year fixed rates currently priced at 3.25%. · FHA & VA 30 year fixed rates currently priced…

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Infographic: how much home a $1,000 monthly payment buys at 1985, 2000 and current interest rates

For Buyers / Dec 16, 2016

The Impact Your Interest Rate Has on Your Buying Power in Albuquerque

Some Highlights: Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage. Over the last 30 years, interest…

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Colorful percent sign ornaments, illustrating interest rates

Market Updates / Dec 8, 2016

Will Increasing Mortgage Rates Impact Home Prices?

There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined…

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For Buyers / Nov 29, 2016

Mortgage Interest Rates Just Went Up… Should I Wait to Buy?

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are…

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Illustration of a hand dropping a coin into a house-shaped bank

For Buyers / Sep 12, 2016

Interest Rates Remain at Historic Lows… but for How Long?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is…

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For Buyers / Aug 22, 2016

Whether You Rent or Buy, You’re Paying a Mortgage

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents…

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Family enjoying a backyard barbecue in summer

Market Updates / Jul 5, 2016

4 Reasons to Buy This Summer!

Summer is here! The temperature isn't the only thing heating up right now, so too is the housing market in many areas of the country! Here are four great reasons to consider…

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