According to a recent Primerates.com survey of New York City mortgage rates offered by the largest area banks & credit unions, two NYC institutions offered rates at 3.88% on 30-year fixed -rate conforming loans in the New York metro area for well-qualified borrowers. JP Morgan Chase (www.chase.com) and Wells Fargo (www.wellsfargo.com) offered this rate. While most banks were offering rates slightly higher than 4%, Hudson City Bank came in with some of the highest in the nation at 4.63%
Being informed is important when shopping for a house. Having knowledge of who to go to for repairs and remodels is just as important as knowing what the terms of the loan are. Angie’s List will help out in most situations, but having some knowledge of the situation is important too. For instance, it only takes a quick search online to find out what goes into replacing a broken water heater. If a contractor insists on replacing more than what appears necessary, get several more opinions. Having quotes from multiple sources puts the bargaining power in your hands, rather than the repairman. A little research beforehand will prevent quite a bit of buyer’s remorse.
|
Top New York City Area Banks and Credit Unions |
As of |
30-year Fixed |
15-year Fixed |
5/1 ARM |
| JP Morgan Chase |
12/26/11 |
3.88% |
3.25% |
2.63% |
| Wells Fargo |
12/26/11 |
3.88% |
3.25% |
2.25% |
| Sovereign Bank |
12/23/11 |
3.99% |
3.25% |
NA |
| Bank of America |
12/23/11 |
4.00% |
3.38% |
2.75% |
| Capital One |
12/23/11 |
4.00% |
3.25% |
2.75% |
| TD Bank |
12/26/11 |
4.08% |
3.27% |
2.74% |
| PNC Bank |
12/23/11 |
4.13% |
3.25% |
NA |
| Citibank |
12/26/11 |
4.25% |
3.50% |
NA |
| HSBC Bank |
12/23/11 |
4.25% |
3.50% |
3.13% |
| Hudson City Bank |
12/23/11 |
4.63% |
3.63% |
3.25% |
Listed rates from banks, thrifts and credit union were listed on their websites on the date indicated for conforming loans with 0 points. Data is believed accurate at time of collection, can change without notice, and will vary based on an individual’s credit history. Contact a specific institution for current rates.
According to a recent Primerates.com survey of New York City mortgage rates offered by the largest area banks & credit unions, two NYC institutions offered rates at 3.88% on 30-year fixed -rate conforming loans in the New York metro area for well-qualified borrowers. JP Morgan Chase (www.chase.com) and Wells Fargo (www.wellsfargo.com) offered this rate. While most banks were offering rates slightly higher than 4%, Hudson City Bank came in with some of the highest in the nation at 4.63%
Being informed is important when shopping for a house. Having knowledge of who to go to for repairs and remodels is just as important as knowing what the terms of the loan are. Angie’s List will help out in most situations, but having some knowledge of the situation is important too. For instance, it only takes a quick search online to find out what goes into replacing a broken water heater. If a contractor insists on replacing more than what appears necessary, get several more opinions. Having quotes from multiple sources puts the bargaining power in your hands, rather than the repairman. A little research beforehand will prevent quite a bit of buyer’s remorse.
|
Top New York City Area Banks and Credit Unions |
As of |
30-year Fixed |
15-year Fixed |
5/1 ARM |
| JP Morgan Chase |
12/26/11 |
3.88% |
3.25% |
2.63% |
| Wells Fargo |
12/26/11 |
3.88% |
3.25% |
2.25% |
| Sovereign Bank |
12/23/11 |
3.99% |
3.25% |
NA |
| Bank of America |
12/23/11 |
4.00% |
3.38% |
2.75% |
| Capital One |
12/23/11 |
4.00% |
3.25% |
2.75% |
| TD Bank |
12/26/11 |
4.08% |
3.27% |
2.74% |
| PNC Bank |
12/23/11 |
4.13% |
3.25% |
NA |
| Citibank |
12/26/11 |
4.25% |
3.50% |
NA |
| HSBC Bank |
12/23/11 |
4.25% |
3.50% |
3.13% |
| Hudson City Bank |
12/23/11 |
4.63% |
3.63% |
3.25% |
Listed rates from banks, thrifts and credit union were listed on their websites on the date indicated for conforming loans with 0 points. Data is believed accurate at time of collection, can change without notice, and will vary based on an individual’s credit history. Contact a specific institution for current rates.
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