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New York Mortgage Rates today

New York's real estate market is as diverse as the state itself, offering a range of urban and rural living experiences. With world-class cultural attractions and job opportunities, it's a top choice. To maximize this opportunity, compare our current rates to secure a mortgage that aligns with your New York dream home.

If you have any questions about securing the best mortgage rates in New York, please contact us today. We are here to assist you in finding the mortgage rates that best suit your needs.

Compare today's mortgage rates for New York

The current mortgage rates in New York stand at 6.625% for a 30-year fixed mortgage and 6.125% for a 15-year fixed mortgage as of February 23 2024 12:30pm EST.

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6.125% RATE

6.891% APR

$3,062/mo

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Based on the assumed loan amount of $360,000 and 20% down payment

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6.625% RATE

7.070% APR

$2,305/mo

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Based on the assumed loan amount of $360,000 and 20% down payment

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6.000% RATE

7.071% APR

$2,345/mo

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Based on the assumed loan amount of $360,000 and 20% down payment

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6.375% RATE

7.648% APR

$2,246/mo

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Based on the assumed loan amount of $360,000 and 20% down payment

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6.125% RATE

6.752% APR

$2,215/mo

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Based on the assumed loan amount of $360,000 and 20% down payment

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Last updated - February 23 2024 12:30pm EST.
The table is updated twice every day with the current mortgage rates

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Frequently Asked Questions from New York Borrowers

What is a Mortgage Refinance?

Refinancing a mortgage involves replacing an existing home loan with a new one, typically to secure a lower interest rate, change loan terms, or tap into home equity. This process can help borrowers save money or achieve specific financial goals.

What are the Current Refinance Rates?

You can view today's refinance rates across each of our products using the table above. The table is updated twice daily to ensure that you are getting an accurate picture of the current mortgage refinance rates. Be sure to compare refinance rates for each product to ensure that you get the best deal.

Is It a Good Time to Refinance My Mortgage?

Deciding whether it's a good time to refinance your home depends on factors like current interest rates, your credit score, and financial goals. Consider applying to consult with a mortgage advisor and determine if the current market conditions align with your objectives. You can also use our mortgage calculators to estimate the numbers for yourself and experiment with different parameters.

How Long Until I Can Refinance My Mortgage?

The timing for refinancing depends on your specific loan terms and servicer policies. Generally, it's advisable to wait at least 6-12 months after obtaining a mortgage before considering a refinance. However, individual circumstances may vary. To learn more check out this article or apply now and receive expert advice from one of our loan officers.

What is a Cash Out Refinance?

A cash-out refinance allows homeowners to refinance their mortgage for an amount greater than the outstanding loan balance. The excess funds can be received as cash, providing an option to use home equity for other financial needs like home improvements or debt consolidation. Learn more about the benefits and requirements of a cash-out refinance on the product page.

What Are Cash Out Refinance Rates?

Cash-out refinance rates are the interest rates associated with refinancing your mortgage and extracting additional cash. These rates may differ from traditional refinance rates, so it's important to understand the terms and implications before proceeding. If you're interested in more information, you can apply for a cash-out refinance here.

Can I Refinance if My Credit Score Has Changed?

Yes, you can refinance with a changed credit score. However, your credit score will influence the new interest rate. A higher credit score generally leads to better refinance rates, while a lower score may result in less favorable terms.

Learn More


Today's Rates

Mortgage rates are volatile and subject to change without notice. All rates shown are for 30-day rate locks with two and a half points for a single family owner-occupied primary residence with 750 or higher FICO and 80 LTV over a 30-year loan term except where otherwise noted and are subject to mortgage approval with full documentation of income. The APR for a 30-year and 15-year conventional fixed-rate mortgage loans are calculated using a loan amount of $360,000, two and a half points, a $495 application fee, $400 appraisal fee, $995 underwriting fee, a $10 flood certification fee, and a $20 credit report fee.* 15-year conventional mortgage rates are calculated with a 15-year loan term.* The APR for jumbo mortgage rates is calculated using a loan amount of $500,000, two and a half points, a $495 application fee, $400 appraisal fee, $995 underwriting fee, $10 flood certification fee, and a $20 credit report fee.* The APR for FHA mortgage rates is calculated using a loan amount of $360,000, two and a half points, a $495 application fee, $400 appraisal fee, $995 underwriting fee, $10 flood certification fee, and a $20 credit report fee. Some rates and fees may vary by state.* The APR for adjustable rate mortgages (ARMs) is calculated using a loan amount of $360,000, two and a half points, a $495 application fee, $400 appraisal fee, $995 underwriting fee, $10 flood certification fee and a $20 credit report fee. Some rates and fees may vary by state. Products are subject to availability on a state-by-state basis. By refinancing your existing loan, your total finance charge may be higher over the life of the loan.