Mortgage rates mostly fell in New York City this week. Meanwhile, a luxury animal terminal is opening at John F. Kennedy International Airport, NBC New York reports.
The $48 million, 178,000-square-foot shelter and quarantine facility, named the ARK at JFK, is billed as the world's first air terminal for animals and will handle more than 70,000 animals flying in and out every year. It will have climate-controlled stalls with showers for horses and cows, hotel suites with flat-screen TVs for dogs and a special spot for penguins that will allow them mating privacy. Cats will have trees to climb and all animals will have access to a 24-hour clinic run by Cornell University's veterinary college, NBC reports.
This week's rates
The benchmark 30-year fixed-rate mortgage in the New York metro area dipped to 4.16 percent from 4.2 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.1 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.12 percent.
The benchmark 30-year jumbo mortgage, for loans of $625,500 and up, decreased to 4.09 percent from 4.14 percent. The benchmark 15-year fixed-rate mortgage dropped to 3.24 percent from 3.29 percent. The benchmark 5/1 adjustable-rate mortgage grew to 3.11 percent from 3.05 percent.
Weekly mortgage survey
|Results from Bankrate's July 22 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:||4.16%||3.24%||3.11%||4.09%|
|Change from last week:||-0.04||-0.05||+0.06||-0.05|
|Change from last week:||-$3.84||-$4||+$5.39||-$18.10|