Best New York Mortgage Rates – 2010
The best New York Mortgage Rates, 2010 currently have an added incentive for Americans to borrow from the banks. The US congress has extended the time line for qualifications for the federal homebuyers’ tax credit. As of June 17, 2010, all qualifying American home buyers have until September 30, 2010 to make a purchase of a primary residence.
As of today, June 21, 2010 the national averages for the 30 year fixed loan is 4.80% and the 15 year fixed rate mortgage is 4.18%.This is with no points and excellent credit by the borrower.
The following bank rates are for the metro New York City area for the amount of $150,000. The best rate is from Astoria Federal Savings and Loan. They offer an interest rate of 4.750% with an APR of 4.824%. This is with no points but the fees are $1275. There is a 60 day lock period for this rate and the monthly payments are estimated at $782. This rate was posted on June 16, 2010.
HSBC Bank USA has an interest rate of 4.875% with an APR of 4.909%. There are no points associated with this loan but the fees are lower at only $575. This financial institution also offers a 60 day rate lock and the estimated monthly payment is $794. This rate was posted on June 16, 2010.
CitiBank has a 4.875% interest with an APR of 4.971% but there are 0.375 points associated with this loan. The fees with this loan are at $1070 and the locking period for the rate is at 60 days. The estimated monthly payment is $794 and this rate was posted on June 16, 2010.
These currently are the best New York Mortgage Rates, 2010 with little to no points associated with them. Quicken Loans and Emigrants Savings both offer an interest rate of 4.750% but the points associated with them are 1.375 and 0.750 respectively.
For additional resources involving financial help, please view Best Banking iPhone Apps 2010 on this website.
Another resource for financial information of interest can be found at Best CD Rates June 2010, which is available on our sister website of www.bestcdratestoday.com.
We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name.
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Tue, 22nd Jun 2010 5:32 am
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