NYC Mortgage Rate Tracker

Key national benchmarks anchoring NYC-metro tracking:

• 30-yr fixed: 6.19%
• 15-yr fixed: 5.70%
• ARMs: 6.29% (7/1) to 6.43% (5/1)
  Small moves down signal steadying trend for pros to watch.

Rate Declines Today

• Zillow Averages: 30-year fixed rate at 6.20%, down two basis points; 15-year fixed at 5.67%, down five basis points.
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Key national trends for NYC pros:

• Home prices up 0.4% YoY in March, with strongest monthly gains in ~1 year.
• Northeast leads firming on tight...

National 30-yr fixed snapshots diverge: 6.45% avg (down 7bps WoW) vs Zillow's 6.20% (down 2bps today).

• Zillow details: Down >25bps from late March...

Short-term relief clashes with elevated outlook, signaling volatility for NYC-metro pipelines and spring sales:

• Recent drop: 30-yr fixed at 6.22%,...

Mortgage Rate Increases

• 🔥 Fixed Rates Up 8 Basis Points: Fixed mortgage rates have risen sharply by 8 basis points in the latest weekly...

Demand boom in NYC suburb: Westchester County population reaches 1,015,743 – highest ever – up 6,578 in one year.

• Largest numeric increase in New...

Fear economy drives surge: Rates up five weeks to 6.46%—highest in seven months—fueled by global conflicts, oil shocks, inflation.

• Fed disconnect:...

• US govt faces $10T borrowing need with hesitant lenders
• 10-year Treasury yield nears critical 4.5% political zone, broad economic impact
• Directly influencing mortgage rates—key watch for NYC-metro pros

NYC pros: Global pressures hitting home. Foreign central banks selling US Treasuries at fastest pace in decade amid $10T refinance deadline.

• Hormuz...

Key rate drop: Top-tier 30yr fixed rates at average lenders fell back below 6.50% for the second straight day.

• Iran de-escalation drove bond gains:...

Rate Surges to 2026 Highs

• 🔥 30-Year Fixed at 6.47%: Mortgage rates jumped to highest in 6 months as of March 28, 2026, with 30-year fixed at...

National benchmarks surging amid volatility—critical for NYC metro tracking:

• 30yr fixed climbs to 6.62% (up 0.15pts weekly) or 6.47% (up 11bps...

• Geopolitical driver: Iran war escalates, worsening mortgage spreads and influencing rates.
• Rate proximity: Mortgage rates now closer to 7% than...

National trends signal strain for NYC-metro pipelines amid weak refi/purchase flows:

• Apps fell 10.5% weekly (Mar 20); refi down 15%, purchase -5%
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Local Mortgage Rate Drops

• 🔥 Queens & Long Island: Freddie Mac data shows 30-year fixed mortgage rates at 6.00%, down from 6.63% last year, and...

• Record low inventory: 22,366 homes statewide, down 3.9% YoY since tracking began in 1997
• Sales slump: Closed -10.8% to 7,673; pending -8.0% to...

• Rates drop to 6%: 30-yr fixed at 6.00% (down from 6.63% last year), boosting buying power in Queens, Nassau, Suffolk
• Lota's push: Attractive since...

Fed's March hold at 3.5-3.75% amid 2.7% inflation and oil over $110/barrel from Middle East tensions means no rush to cut.

Key impacts for NYC metro...

Freddie Mac's 6.22% anchor slams Long Island buyers and sellers:

• 30-yr fixed avg 6.22% weekly (below 3-yr 6.69% avg); Friday 6.53% spike
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