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New York

Current New York Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in New York. Review free, personalized mortgage rates for New York based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in New York. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for New York as of August 22, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's New York Mortgage Rates Compare?

August 22, 2019

The current average rate for a 30 year fixed rate mortgage in New York is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
New York Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in New York?

The median home value for New York is $468,652

The median household income for New York is $68,492

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in New York is $86,950

The home price you can afford to by based on household income in New York is 79% of the median home value which means housing prices are very expensive. New York ranks 48 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in New York is very expensive

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Additional Mortgage Resources for New York Residents

Mortgage Rates for New York Cities

Albany Mortgage Rates

Binghamton Mortgage Rates

Bronx Mortgage Rates

Brooklyn Mortgage Rates

Buffalo Mortgage Rates

Chautauqua Mortgage Rates

Corning Mortgage Rates

Geneva Mortgage Rates

Hempstead Mortgage Rates

Ithaca Mortgage Rates

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Long Island Mortgage Rates

New City Mortgage Rates

New York Mortgage Rates

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Niagara Mortgage Rates

Oswego Mortgage Rates

Poughkeepsie Mortgage Rates

Putnam Mortgage Rates

Queens Mortgage Rates

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Saratoga Mortgage Rates

Schenectady Mortgage Rates

St. Lawrence Mortgage Rates

Staten Island Mortgage Rates

Syracuse Mortgage Rates

Troy Mortgage Rates

Utica Mortgage Rates

Watertown Mortgage Rates

White Plains Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

FREEandCLEAR Housing Affordability Index