Best New York Mortgage Rates for a 7/1 ARM
Many homeowners in search of mortgage rates are familiar with fixed rate mortgages and usually look to these home loans first as a financing option. However, though they are fairly reliable and affordable mortgages, they are certainly not the only option out there.
Adjustable rate mortgages are another type of home loan that can offer low interest rates. Of course, it takes research to locate the best rates currently available, but that is what New York Banking Rates has done for you. Below is a list of the lenders in with the best 7/1 ARM rates:
Lowest 7/1 ARM Interest Rates in , New York
- First National Financing: 2.684% APR
- LenderFi.com: 2.926% APR
- National Mortgage Alliance: 3.076% APR
- AimLoan.com: 3.098% APR
- Roundpoint Mortgage Company: 3.162% APR
Please note that these rates are accurate as of May 27, 2011 and are based on a principal loan amount of $300,000. Rates are subject to change at any time.