New York Banking Rates

New York Mortgage Rates – April 11, 2011

New York home loan rates for a loan amount of $300,000 are looking great this April. A severe recession, high unemployment and growing foreclosures has kept interest rates at historically low levels.

Now is a perfect time to purchase a home in bustling or bucolic New York if you have the means. Prime borrowers with great credit scores and a large down payment should not have any trouble obtaining the best mortgage rates for the week – browse them below.

A combination of low interest rates and discounted home prices have kept home affordability high this year. See the best New York mortgage rates for the week from the list below on a loan of $300,000.

New York 30-Year Fixed Mortgage Loan Rate: $300,000

Quicken 30 Year fixed rate at 4.875% with an estimated monthly payment of $1,588
CapWest Mortgage 30 Year fixed rate at 4.750% with an estimated monthly payment of $1,565
National Mortgage Alliance 30 Year fixed rate at 4.875% with an estimated monthly payment of $1,588

New York 30-Year Fixed Home Loan Rate: $400,000

Quicken 30-Year fixed rate at 4.875% with an estimated monthly payment of $2,117
CapWest Mortgage 30-year fixed rate at 4.750% with an estimated monthly payment of $2,087
Century Point Mortgage 30-Year fixed rate at 4.875% with an estimated monthly payment of $2,117

New York 30-Year Fixed Home Loan Rate: $500,000

Quicken 30-Year fixed rate at 4.875% with an estimated monthly payment of $2,646
GuaranteedRate 15-Year fixed rate at 5.875% with an estimated monthly payment of $2,958

Mortgage rates accurate as of publishing date and based on a loan amount of $300,000, $400,000 and $500,000. Please see the financial institution about any changes and additional fees.