3-Year Adjustable Rate Mortgage Rates in New York – June 9, 2011
Having flexibility in loan terms is important for many prospective borrowers in the New York market. For those who prefer fluctuations in their rates, the ARM is the best option while those who like structure could benefit most from the fixed loan.
There are some in the middle who want a bit of structure and flexibility. If you fall into this category, you may want to look at some 3-year ARM mortgages in the New York metro area.
Top 3/1 Adjustable Rate Mortgage Rates in New York, NY
First Internet Bank offers 3/1 ARM at 2.786% APR with an estimated monthly payment of $999.00
American Federal Mortgage offers 3/1 ARM at 2.786% APR with an estimated monthly payment of $999.00
North American Savings Bank offers 3/1 ARM at 3.142% APR with an estimated monthly payment of $926.00
Mortgage rates accurate as of publishing date and based on a loan amount of $250,000 and a down payment of 20%. Please see the financial institution about any changes and additional fees.