Updated
May 08, 2023 Here are the current mortgage rates in New York state, covering for conventional, FHA, and VA home loans as well as fixed and variable rates. Compare them to current national rates and historical interest rates for both New York and the United States.
Current Mortgage Rates in NY
| Mortgage Type | Avg. NY Rate | National Rate |
| 30-Year Fixed | 4.21% | 3.60% |
| 15-Year Fixed | 3.47% | 3.05% |
| 30-Year 5/1 ARM | 3.88% | 3.36% |
| 30-Year 3/1 ARM | 4.19% | – |
| 30-Year 7/1 ARM | 3.94% | – |
| 30-Year 10/1 ARM | 3.94% | – |
Last update: 2/4/2020
Source: Consumer Financial Protection Bureau, Federal Reserve Bank of St. Louis
Non-Conventional Mortgage Rates in NY
| Mortgage Type | Avg. NY Rate |
| FHA 30-Year Fixed | 3.89% |
| FHA 15-Year Fixed | 3.82% |
| VA 30-Year Fixed | 3.86% |
| VA 15-Year Fixed | 3.82% |
Last update: 2/4/2020
Source: Consumer Financial Protection Bureau
Historical Mortgage Rate Trends in NY
Source: Federal Housing Finance Agency Monthly Interest Rate Survey
Note: Adjustable mortgage rates excluded due to insufficient data.
Historical Mortgage Rate Trends in the U.S.
Source: Freddie Mac