What is the Average Mortgage Rate in New York?
With the recent economic troubles that have plagued New York as well as the nation as a whole, more and more people have turned to mortgage is the answer to their problems. And many more people who already have mortgages are faced with the matter of whether or not their current mortgage situation is in their best interest. The best method of assessing your mortgage options is to know the average mortgage rate in New York and to compare your options accordingly. According to data collected from several sources, the average mortgage rate in New York is 4.5%, with an annual percentage rate or APR of 4.7%. This comes roughly to an average monthly payment of $1150 among New York residents.
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