Current New York Mortgage Rates
Quick Mortgage Definitions / Terms / Facts
How are rates determined?Rates are determined by the bond market and other financial indicators. These rates can change daily or more frequently. The changes are based on many different economic indicators in the financial markets. To obtain current interest rates, view "Today’s Rate" on the front page or enter your desired loan amount into "Custom Rate Search" on the left hand column of the front page.
What are FHA loans?
FHA loans are loans that fit under the guidelines set by the Federal Housing Administration, which is a government agency under the direction of the Department of Housing and Urban Development HUD. Some individuals may qualify under the guidelines set by FHA that would not qualify under the guidelines set by Fannie Mae and Freddie Mac.
First Steps to Getting a Mortgage?
Get a Free Credit Report!The first step to getting a mortgage is to know your credit score. Understanding your credit report is a critical part to getting your mortgage. Raise your score while you shop for your home to get the lowest rate at closing, with a few easy steps you can easily raise your score in within a few months.
