New York Mortgage Rates on 30 Year Loans Averaging 3.59% Lowest 30 Year New York Refinance Rates at 3.38%

Average New York mortgage rates on 30 year loans are at 3.59 percent which is above the current national average mortgage rate of 3.55 percent. There are lenders on our New York refinance rates list offering current refinance rates today below the average rate. Right now MTG Capital is advertising 30 year refinance rates at 3.38 percent with 2 mortgage discount points. If you don't want to pay points to get a lower refinance rate MTG Capital and EverBank are both offering 30 year refinance rates in New York at 3.63 percent.

Mortgage rates today on 15 year mortgages are averaging 2.94 percent in New York. The national average 15 year mortgage is lower at 2.91 percent. On our 15 year refinance rates list for New York there are several lenders offering rates with points that are lower than the averages. MTG Capital is offering 15 year refinance mortgage rates at 2.75 percent with 1.00 point. EverBank is offering 15 year mortgage refinance rates at 3.00 percent with no points.

If you live in New York City chances are you'll need a jumbo mortgage loan if you're buying a coop or condo. Current mortgage rates on 30 year jumbo loans are averaging 4.11 percent, which is lower than national average of 4.22 percent. One lender offering 30 year k jumbo mortgage rates in New York lower the average with points is EverBank at 3.75 percent with 1 point. If you rather not pay any points Citi offering 30 year jumbo refinance rates at 4.00 percent without points.

Today's mortgage rates on 15 year jumbo loans in New York are averaging 3.36 percent which is lower than the national average 15 year jumbo mortgage rate of 3.43 percent. The lowest 15 year jumbo refinance rate on our list in New York is also from EverBank at 3.00 percent with 0.99 point. The lowest 15 year jumbo refinance rate without points is also from EverBank at 3.25 percent.

Mortgage rates current on 5 year conforming adjustable mortgage rates are averaging 3.00 percent which is higher than the national average 5 year adjustable mortgage rate of 2.87 percent. The lowest 5 year adjustable refinance rates on our list are well below the average. First Internet Bank is offering 5 year adjustable rates at 1.75 percent with 2 points. The lowest rate without points is at 2.50 percent from EverBank.

Mortgage interest rates on 5 year jumbo mortgage loans in New York are averaging 2.80 percent, the current national average 5 year jumbo mortgage rate is higher at 2.85 percent. The lowest 5 year jumbo refinancing rate is from EverBank at 2.38 percent with 0.99 points. The lowest 5 year jumbo refi rate without points is also from EverBank at 2.63 percent.

You can search for and compare refinance mortgage rates todays in your state by using our rate tables. Best of all you don't have to provide any personal information to have a list of rates displayed. You can also use our free mortgage calculator with taxes and insurance to calculate the monthly costs of a mortgage loan.
Author: Robert Till
August 31st, 2012
Posted in: Mortgage Rates