New York Banking Rates

7-Year Adjustable Rate Mortgage New York Rates – June 9, 2011

Are you in love with the mortgage rates that have remained below 5 percent for some time now? Are you even more in love with the fact that they could lower even more sometime in the future?

If you have a love affair with fluctuating interest rates, but also enjoy the idea of the fixed-rate concept, you may want to consider a 7-year adjustable rate mortgage, which remains fixed for seven years then adjusts for the remainder of your loan term.

Here are some great 7-year ARM loans to explore in the New York area.

7/1 Adjustable Rate Mortgage Rates in New York, NY

Citibank, N.A. offers 7/1 ARM at 4.00% APR with an estimated monthly payment of $1,194.00
Astoria Federal S&LA offers 7/1 ARM at 3.625% APR with an estimated monthly payment of $1,140.00
Hudson City Savings Bank offers 7/1 ARM at 4.000% APR with an estimated monthly payment of $1,194.00
American Federal Mortgage offers 7/1 ARM at 3.451% APR with an estimated monthly payment of $954.00
First Internet Bank offers 7/1 ARM at 3.484% APR with an estimated monthly payment of $954.00

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.