Current Mortgage Rates New York City
Tuesday, April 5th, 2011Today’s mortgage rates for 30 year condo and coop-loans in New York City are around 4.90 percent today. Jumbo mortgage rates are around 5.75 percent. CitiMortgage is offering an even better rate on jumbo home loans since current mortgage rates in NYC are low which you probably need if your considering buying an apartment in NYC. CitiMortgage also offers jumbo loans up to $3 million which will get you a decent apartment in the city with today’s mortgage interest rates you can afford to buy a bigger place. You won’t get a mansion or a 4000 sqare foot apartment but $3 mil will get you a decent apartment.
Chase Bank is another bank offering really low mortgage rates for condos and coops in Manhattan. Chase is offering 30 year conforming rates below 5.00 percent at 4.875 percent, the same for Chase’s refinance rates which are also under 5.00%. Chase is also offering 30 year jumbo mortgage rates under 6.00 percent at 5.50 percent.
Aurora Bank has 30 year jumbo mortgagelendingrates at 4.625 percent with 1.75 mortgage poitns. You can get a higher rate by paying less points which you pay upfront when you close on an apartment loan.
If you don’t want to pay mortgage points at all Investors Savings Bank has 30 year jumbo mortgage rates at 4.99 percent with no mortgage points.
The rates posted above might have changed when you read this post so check the bank’s websites for current interest rates. If you have seen a lowe