Current Mortgage Rates in Queens, New York

Compare mortgage rates and fees for leading lenders in Queens, NY. 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 lender offering the best mortgage rates in Queens.

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

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Get Personalized Mortgage Quotes for Queens, NY

How Do Today's Queens, NY Mortgage Rates Compare?

The current average rate for a 30 year fixed rate mortgage in Queens 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%

How Affordable is Housing in Queens, New York?

Based on current mortgage rates and a 10% down payment, you need to make $108,453 per year to buy the median priced home in Queens

The home price you can afford to by based on household income in Queens is 59% of the median home value which means housing prices are very expensive

Queens ranks 59 out of 62 counties in New York and 3,125 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Queens, NY is very expensive

Loan Limits for Queens, New York

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Queens below.

Additional Mortgage Resources for Queens, NY Residents

Mortgage Rates for New York Cities