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Home » Mortgage Rates By State » Mortgages Rates in New York

New York Mortgage Rates

Mortgage Rates

The Lowest Mortgage Rate: 30 Year-5.70%, 15 Year-5.31%

New York Mortgage Rates as of 08/27/08

PRODUCT	RATE		CHANGE
30 Year Fixed	5.91%		-0.02%
15 Year Fixed	5.50%		0.00%
30 Year Fixed Jumbo	6.75%		-0.06%
15 Year Fixed Jumbo	6.55%		0.01%
5 Year Balloon	6.51%		0.00%
7 Year Balloon	6.80%		0.00%
1/1 ARM	5.89%		0.00%
3/1 ARM	5.63%		0.20%
5/1 ARM	5.62%		-0.01%
1/1 Jumbo ARM	6.18%		0.00%
3/1 Jumbo ARM	6.01%		-0.07%
5/1 Jumbo ARM	6.13%		-0.04%
FHA 30 Year Fixed	5.90%		-0.01%
FHA 1 Yr ARM	5.49%		-0.10%
VA 30 Year Fixed	5.80%		0.00%



Before applying for mortgage loans or mortgage refinance, you should always remember that New York state mortgage rates fluctuate on a daily basis. Therefore it is important to revisit this site often to obtain the latest mortgage rates for New York state before applying for a new mortgage or refinancing your current mortgage. Above you will find today's mortgage rates for the most popular mortgage products available in New York state. These rates are based on New York state mortgage companies poll for their mortgage products offers and are updated daily. These mortgage rates, as well as the list of New York mortgage companies with their current mortgage offerings, should give you a good starting point for your research.

Mortgage industry news

Despite growing danger, exotic mortgages captivate borrowers Investors Business Daily - CHICAGO (MarketWatch) -- Call it the triumph of the exotic mortgages. Such loan innovations allow home buyers to put little money down and make low monthly payments. They've (full story)	Fed's Bies warns on real estate loans CNN Money - WASHINGTON (Reuters) - U.S banking regulators are warily eyeing concentrations of commercial real estate loans and worry some institutions may not be preparing for risks associated with su (full story)
The new market reality in housing Herald Tribune - Housing stocks are the canary in the coal mine for investment sectors dependent on discretionary spending. The historically low interest rates and booming housing markets of recent ye (full story)	Tri-Cities ranks low in foreclosures vs. other metro areas Kingsport Times-News - The Tri-Cities ranked 74th in foreclosures among the 100 largest metropolitan areas, according to RealtyTrac. That's below No. 4 Memphis, No. 31 Charlotte, No. 36 Nashville, No. (full story)

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8/27/2008 10:45 PM