New York Mortage Rates

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New York Mortage Rates

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New York Mortage 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 mortage loans or mortage refinance, you should always remember that New York state mortage rates fluctuate on a daily basis. Therefore it is important to revisit this site often to obtain the latest mortage rates for New York state before applying for a new mortgage or refinancing your current mortage. Above you will find today's mortage rates for the most popular mortage products available in New York state. These rates are based on more than 200 New York state mortage companies poll for their mortage products and offers and are updated daily. These mortage rates, as well as the list of New York mortage companies with their current mortage offerings, should give you a good starting point for your mortage related search.

Mortage industry news

Blacks, Hispanics more likely to pay high mortgage rates, study finds CHARLOTTE, N.C. - Black and Hispanic home buyers are more likely to pay high mortgage rates than White borrowers with similar credit ratings and income levels, an advocacy group found. (full story)	Database study by advocates finds mortgage discrimination signs News 14 Raleigh / Durham - (CHARLOTTE) - Lenders are more likely to charge minorities high rates for mortgage loans that white borrowers could get for a lower cost. That's according to a study by the (full story)
Don't let your housing bubble burst Kane County Chronicle - You bought the biggest home you could afford, or you refinanced, taking advantage of low rates and creative financing. Who knew you could afford such a great house or get your (full story)	Short and sweet: Buyers should be wary of longer mortgages Saskatoon Star Phoenix - VANCOUVER -- Innovative new mortgage packages are making owning a home easier, at least in theory. But in practice, financial institutions are taking a cautious approach to wh (full story)

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8/27/2008 6:46 PM