Mortgage Rates in Roswell, New Mexico — March 2026
Updated March 2026 | Based on Roswell market data and regional lending conditions
Roswell is a growing city in New Mexico with a population of 48,366. The current 30-year fixed mortgage rate in Roswell is 6.72%, which is 0.07% above the national average. With a median home price of $155,000 and a 20% down payment of $31,000, homebuyers can expect a monthly principal and interest payment of approximately $802.
Current Mortgage Rates in Roswell, NM
Below are the current average mortgage rates available in the Roswell area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.32% | 6.25% | +0.07% |
| VA | 6.12% | 6.05% | +0.07% |
| Jumbo | 6.92% | 6.85% | +0.07% |
Roswell Housing Market Overview
The Roswell housing market offers relatively affordable housing compared to many major cities. The median household income in Roswell is $38,250, and the cost of living index is 82.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $38,700 to comfortably afford the median-priced home in Roswell, which exceeds the current median household income.
Monthly Payment Breakdown for Roswell
Based on the median home price of $155,000 with 20% down ($31,000), here is what you can expect to pay monthly in Roswell:
15-Year vs. 30-Year Mortgage in Roswell
Choosing a 15-year mortgage in Roswell at 5.96% instead of a 30-year at 6.72% would save you $100,800 in total interest over the life of the loan. However, your monthly payment would be $1,044 instead of $802 — an increase of $242 per month.
Calculate Your Roswell Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Roswell
What are the current mortgage rates in Roswell, NM?
As of March 2026, the average 30-year fixed mortgage rate in Roswell, New Mexico is 6.72%, while the 15-year fixed rate is 5.96%. FHA loans average 6.32% and VA loans 6.12%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Roswell?
Based on the median home price of $155,000 with 20% down, the estimated monthly mortgage payment in Roswell is $802 for principal and interest. Including property taxes of $101/month, the total monthly housing cost is approximately $903.
What income do I need to buy a home in Roswell?
Using the 28% rule, you would need an annual income of approximately $38,700 to afford the median-priced home in Roswell at $155,000. The median household income in Roswell is $38,250. This means most households would need to either earn above the median or consider homes below $155,000.
Is Roswell a good place to buy a home in 2026?
Roswell offers a below-average cost of living with a cost of living index of 82.5 (national average = 100). The property tax rate in New Mexico is 0.78%, which is below the national average. Roswell has a population of 48,366 and offers a very affordable lifestyle.
Mortgage Rates in Other New Mexico Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Roswell, New Mexico area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.