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U.S. and New Mexico metrics
Track national 30-year and 15-year fixed mortgage rates, historical trends, and payment examples with context for New Mexico borrowers and housing research.
For Oct 29, 2026, 30-year fixed was 7.24%, compared with 6.60% for 15-year fixed. The difference was 0.64 percentage points higher.
This comparison uses the most recent period available for both series. The cards above show each series' latest published observation. A percentage-point difference and a relative percentage change answer different questions.
Freddie Mac's Primary Mortgage Market Survey reports national average rates for fixed-rate mortgages. It provides a benchmark for understanding financing conditions alongside New Mexico home-price trends.
These are U.S. averages, not New Mexico averages or lender offers. An individual rate depends on the borrower, property, loan terms, points, fees, and lender. A weekly published average is different from a real-time quote or an annual percentage rate.
PMMS uses eligible purchase applications submitted to Freddie Mac through Loan Product Advisor. It is published weekly, normally on Thursday, and reflects activity over a collection period rather than rates available at one instant.
Freddie Mac changed its collection methodology in November 2022. Take that change into account when using the longer historical series. The two fixed-rate products describe different loan terms and are not otherwise identical offers.
The payment examples use the displayed national rate with a fixed-rate, fully amortizing loan. They show monthly principal and interest per $100,000 borrowed, excluding taxes, insurance, mortgage insurance, points, and fees. They are illustrations, not loan quotes.
Missing observations remain unavailable. Annual changes require the corresponding prior reference period; they are not calculated by moving to an arbitrary earlier row. Observation dates use UTC.
No. PMMS publishes national averages. They are useful context for New Mexico housing research, but state-specific rates and individual offers must come from lenders.
No. APR includes certain borrowing costs in addition to the interest rate. Compare APR, fees, points, loan terms, and total costs when evaluating actual loan offers.
A shorter term repays principal over fewer months. Even with a lower rate, its monthly principal-and-interest payment can be higher than that of a longer-term loan for the same amount.
The downloads include original source records and normalized comparison observations with column metadata. Cite the source agency, series or release vintage, observation period, and the date you retrieved the data.
For local context, explore county profiles, city and place profiles, population sources and projections, and New Mexico industry employment and wages.