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Mortgage rates in New York, New York

By Clare Mallen · Bankrate.com
Wednesday, November 25, 2015
Posted: 7 am ET

Mortgage rates mostly fell in New York City this week. Meanwhile, Bloomingdale's is opening its 1st flagship outlet store in the city, the New York Business Journal reports.

The store will be located on Manhattan's Upper West Side and opens this month. It will be the company's 14th outlet store but its 1st discount store in a major urban area. Located at 2085 Broadway at 72nd Street, the 25,000-square-foot site was home to an Urban Outfitters for 15 years.

This week's rates

The benchmark 30-year fixed-rate mortgage in the New York metro area fell to 4.08% from 4.09%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.06 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.07%.

More rates

The benchmark 30-year jumbo mortgage, for loans of $625,500 and up, dipped to 3.91% from 3.94%. The benchmark 15-year fixed-rate mortgage inched down to 3.25% from 3.26%. The benchmark 5/1 adjustable-rate mortgage inched up to 3.26% from 3.25%.

Weekly mortgage survey

Results from Bankrate's Nov. 24 survey of mortgage lenders. Monthly payments are for a $165,000 loan. The jumbo rate is for the minimum jumbo loan amount of $625,500 in New York Metro.
30-year fixed 15-year fixed 5-year ARM 30-year jumbo
This week's rate: 4.08% 3.25% 3.26% 3.91%
Change from last week: -0.01 -0.01 +0.01 -0.03
Monthly payment: $795.36 $1,159.40 $719 $2,953.87
Change from last week: -$0.96 -$0.80 +$0.91 -$10.75
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