New York

Current New York Mortgage Rates

Compare New York mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in New York.

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.

New York Mortgage Rates as of February 6, 2023
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Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.


Compare Today's New York Mortgage Rates

February 6, 2023

Current mortgage rates in New York are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
New York Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in New York?

Below we offer valuable insights on the housing market and real estate prices in New York. Understand how much you need to make to buy a house in New York, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in New York is affordable for you. We provide this helpful information to help you decide if living in New York is right for you.

The median home value for New York is $572,449

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in New York is $93,793

With this income, you could qualify for a $515,204 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in New York is $2,172

The median household income for New York is $82,392

Based on this income, you can afford a home valued at approximately $502,860

The home price you can afford to buy based on household income in New York is 88% 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


Additional Mortgage Resources for New York Residents

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