New York Banking Rates

Foreclosure Filings Drop Along with New York Mortgage Rates

New York skyscrapers are high, but mortgage rates are on the decline. That’s good news for home buyers as they’ll pay less over the life of their loan. It’s good news for the housing market is that foreclosure rates are on the decline, too.

It was reported today that foreclosure filings for the country have dropped 60% compared to this time last year. This is a trend marks foreclosure rates regularly dropping for the last eight months. New York Mortgage Rates has a list of the most competitive mortgage rates below.

New York Mortgage Rates – 30 Year Fixed Mortgage

  • 4.393% APR, $1,498 Estimated Monthly Payment, WCS Lending
  • 4.393% APR, $1,498 Estimated Monthly Payment, EverBank
  • 4.403% APR, $1,498 Estimated Monthly Payment, Prodigy Mortgage Corp
  • 4.412% APR, $1,498 Estimated Monthly Payment, Aurora Bank

New York Mortgage Rates – 15 Year Fixed Mortgage

  • 3.563% APR, $2,145 Estimated Monthly Payment, Aurora Bank
  • 3.656% APR, $2,163 Estimated Monthly Payment, WCS Lending
  • 3.657% APR, $2,163 Estimated Monthly Payment, EverBank
  • 3.674% APR, $2,163 Estimated Monthly Payment, Prodigy Mortgage Corp

Please note that these rates are accurate as of June 16, 2011 and based on a $300,000 loan, 20% down.