New York Refinance Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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New York mortgage refinance rates range from 4.50% to 10.25%, verified by MonitorBankRates as of October 14, 2026. Current mortgage refinance rates in New York include Hudson River Community Credit UnionHudson River Community Credit UnionNYA+5.0 ★Texas Ratio: 5.82% at 6.50%, HSBC Bank USAHSBC Bank USA11 E Houston St, Amherst, NY, 10001A+5.0 ★Texas Ratio: 4.86% at 7.75%, SUMA Federal Credit UnionSUMA Federal Credit Union125 Corporate Blvd, Spring Valley, NY, 10701A5.0 ★Texas Ratio: 12.06% at 6.25%, Peoples Alliance Federal Credit UnionPeoples Alliance Federal Credit Union125 Wireless Blvd, Brooklyn, NY, 10710 5599A+5.0 ★Texas Ratio: 3.34% at 6.375%, and NEXT STEPNEXT STEP150 Defreest Dr, Albany, NY, 12180A+5.0 ★Texas Ratio: 5.54% at 6.875%. Refinance rates as of October 14, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare refinance rates across all loan types in New York side-by-side. New York refinance rates currently start as low as 6.25% from SUMA Federal Credit Union at 125 Corporate Blvd, Spring Valley, NY, 10701. Rates are continually updated, so we recommend checking back frequently.
Refinance rates reflect actual verified offers from lenders actively lending to New York homeowners. Your final approved rate will depend on your credit profile, loan-to-value ratio, cash-out amount, and daily market movements. Last Updated and Verified: October 14, 2026
Compare Refinance Rates Today in New York
Rates shown are each lender’s posted rate for that loan type, which most lenders apply to purchase and refinance loans alike. Local New York lenders are listed first in every tab. Among lenders that post both, refinance pricing currently runs about 0.111 points above the same lender’s purchase rate nationally. That premium is shown for context only; every rate in the table is the lender’s posted rate.
New York 30 Year Fixed Refinance Rates
Balance 50K or more, up to 60% LTV, 740+ Credit Score; Rates include a discount of .25% APR for Auto Pay from an HRCCU Account
Rates shown for New York counties only (Bronx, Kings, New York, Orange, Queens, Richmond, Rockland, Westchester, Nassau, Suffolk, Erie); assumes 80% LTV, 740 credit score, 60-day lock
Property: 1-4 Family Owner Occupied/Condominiums/Co-ops; Zero Points; Months: 359
No additional details available.
- Oct 12, 20266.43%▼ from 6.93%
- Sep 25, 20266.93%▲ from 6.43%
- Sep 14, 20266.43%first recorded
No additional details available.
Margin: 2.750%; Rate change frequency after initial period: Every 5 Years; Max per adjustment cap: 2.00%; Lifetime cap: 5.00%; Index: 5 Yr - CMT; Floor: 5.00%; Monthly payment example: $760.36
- Oct 12, 20267.12%▲ from 6.96%
- Oct 2, 20266.96%▲ from 6.87%
- Sep 18, 20266.87%first recorded
As Low As; Up to 1.0 points**
As Low As; Lock in peace of mind for the long haul. A 30-year mortgage means lower monthly payments and lasting security.
- Oct 14, 20267.13%▼ from 7.25%
- Oct 1, 20267.25%▲ from 7.13%
- Sep 27, 20267.13%▲ from 7.00%
- Sep 22, 20267.00%▲ from 6.88%
Footnote (*): conventional loan of $200,000, $334,000 value, primary residence rate/term refinance, Albany NY, 60-day rate lock, includes tax and insurance escrows, 780+ credit score; Sunmark membership required; all loans subject to credit approval
Conventional loan of $200,000 on $334,000 value, primary residence rate/term refinance; 60-day rate lock; escrows included; 780+ credit score; Payment Per $1,000: $6.65
- Oct 14, 20267.13%▼ from 7.26%
- Oct 1, 20267.26%▲ from 7.01%
- Sep 27, 20267.01%▲ from 6.76%
- Sep 18, 20266.76%▲ from 6.51%
Homepage featured mortgage rate; Purchase; You Don't Have to Pay Points on Your Mortgage
You Don't Have to Pay Points on Your Mortgage!
- Oct 1, 20267.19%▲ from 6.94%
- Sep 19, 20266.94%first recorded
Payment Per $1,000: $6.74
- Oct 14, 20267.24%▼ from 7.36%
- Oct 1, 20267.36%▲ from 7.24%
- Sep 27, 20267.24%▲ from 6.86%
- Sep 18, 20266.86%▲ from 6.61%
As Low As; Up to 1.0 points**
No additional details available.
- Oct 14, 20267.27%▼ from 7.41%
- Oct 7, 20267.41%▲ from 6.91%
- Sep 24, 20266.91%▲ from 6.78%
- Sep 15, 20266.78%first recorded
APR as low as; APR based on $100,000 loan amount at 80% loan to value.
Payment Per $1,000: $6.65
- Oct 1, 20267.30%▲ from 7.18%
- Sep 27, 20267.18%▲ from 6.80%
- Sep 18, 20266.80%▲ from 6.68%
- Sep 14, 20266.68%first recorded
Monthly Payments per $1,000: $6.82
- Oct 1, 20267.34%▼ from 7.47%
- Sep 27, 20267.47%▲ from 7.22%
- Sep 24, 20267.22%first recorded
Max Loan: $832,750; Advertised rates assume 760 credit score, minimum $150,000 loan amount, owner-occupied single-family; Investment or tenant-occupied properties subject to additional 0.75%
- Oct 7, 20267.35%▲ from 7.22%
- Oct 1, 20267.22%▲ from 6.97%
- Sep 18, 20266.97%▲ from 6.60%
- Sep 15, 20266.60%first recorded
As Low As
- Oct 14, 20267.37%▼ from 7.50%
- Oct 1, 20267.50%▲ from 7.37%
- Sep 27, 20267.37%▲ from 7.12%
- Sep 18, 20267.12%▲ from 6.75%
As Low As; Rates as low as; featured rate from homepage
- Oct 10, 20267.38%▼ from 7.50%
- Oct 2, 20267.50%▲ from 7.38%
- Oct 1, 20267.38%▲ from 7.25%
- Sep 27, 20267.25%▲ from 7.00%
Owner Occupied
As Low As
- Oct 1, 20267.40%▲ from 6.89%
- Sep 19, 20266.89%first recorded
Effective: 10/13/2026; Loan amounts up to $832,750
As Low As; Lowest available rates, actual rate based on creditworthiness; purchase or no cash out refinance; New York State only
- Oct 14, 20267.42%▼ from 7.54%
- Oct 10, 20267.54%▼ from 7.67%
- Oct 2, 20267.67%▲ from 7.54%
- Oct 1, 20267.54%▲ from 7.13%
Owner Occupied
- Oct 12, 20267.42%▲ from 6.79%
- Sep 17, 20266.79%▲ from 6.67%
- Sep 14, 20266.67%first recorded
Apply Online
- Oct 14, 20267.43%▼ from 7.56%
- Oct 1, 20267.56%▲ from 7.43%
- Sep 27, 20267.43%▲ from 7.18%
- Sep 18, 20267.18%▲ from 6.93%
As Low As; w/ 0.625 Points; Payment: 1,637.22
As Low As; Rates assume a NY property
- Oct 14, 20267.47%▼ from 7.60%
- Oct 1, 20267.60%▲ from 7.47%
- Sep 27, 20267.47%▲ from 7.22%
- Sep 24, 20267.22%▲ from 7.10%
No additional details available.
- Oct 14, 20267.51%▼ from 7.64%
- Oct 1, 20267.64%▲ from 7.51%
- Sep 27, 20267.51%first recorded
Effective: 10/13/2026; Subject to income and underwriting eligibility for HomeReady product provided by Fannie Mae; Loan amounts up to $832,750
Rates effective as of 10/13/2026; APR assumes $300,000 loan, FICO 760+, owner-occupied single-family in New York State, LTV 80% or less, no cash-out
Today's Mortgage Rates; Apply Now
Fixed Rate Mortgages
No additional details available.
- Oct 2, 20267.57%▲ from 7.44%
- Sep 25, 20267.44%▲ from 7.06%
- Sep 14, 20267.06%first recorded
Loan Amount: $150,000.01 - $200,000.00
- Oct 11, 20267.57%▼ from 7.59%
- Oct 7, 20267.59%▲ from 7.19%
- Sep 27, 20267.19%▲ from 6.85%
- Sep 24, 20266.85%▼ from 6.96%
Payment Per $1,000: $6.65
- Oct 1, 20267.57%▲ from 7.45%
- Sep 27, 20267.45%first recorded
Maximum Loan to Value: 97%*
- Oct 11, 20267.58%▼ from 7.62%
- Oct 7, 20267.62%▲ from 7.58%
- Oct 3, 20267.58%▲ from 7.51%
- Oct 1, 20267.51%▲ from 7.47%
Loan Amount: Up to $150,000.00
- Oct 11, 20267.60%▲ from 7.49%
- Oct 7, 20267.49%▲ from 7.19%
- Sep 27, 20267.19%▲ from 6.85%
- Sep 24, 20266.85%▼ from 6.96%
No additional details available.
- Oct 13, 20267.60%▲ from 7.10%
- Sep 18, 20267.10%first recorded
Share savings account with minimum $5 balance required
No additional details available.
- Oct 14, 20267.67%▼ from 7.79%
- Oct 1, 20267.79%▲ from 7.67%
- Sep 27, 20267.67%first recorded
Rates effective October 14, 2026; monthly payment per $1,000.00 not recorded as rate
- Oct 14, 20267.69%▼ from 7.81%
- Oct 1, 20267.81%▲ from 7.56%
- Sep 28, 20267.56%▲ from 7.30%
- Sep 24, 20267.30%▲ from 7.18%
Refinance; Based on $300,000 loan amount; Rates include 0.125% autopay and paperless discount
- Oct 14, 20267.72%▲ from 7.34%
- Sep 15, 20267.34%first recorded
Loan Amount: $250,000.01 - $500,000.00
- Oct 14, 20267.73%▲ from 7.69%
- Oct 11, 20267.69%▲ from 7.57%
- Oct 7, 20267.57%▲ from 7.19%
- Sep 27, 20267.19%▲ from 6.85%
Loan Amount: $200,000.01 - $250,000.00
- Oct 14, 20267.74%▲ from 7.70%
- Oct 11, 20267.70%▲ from 7.58%
- Oct 7, 20267.58%▲ from 7.19%
- Sep 27, 20267.19%▲ from 6.85%
As Low As; Purchase Loan Rates; Prepaid Fin. Charge: $5,299.77; as of 10/13/2026 10:06 AM; 360 monthly payments; Assumes $350,000 loan, 60% LTV, minimum FICO 720
Conforming mortgage; rates shown for New York counties only
- Oct 14, 20267.90%▼ from 7.90%
- Sep 27, 20267.90%first recorded
Payment Per $1,000: $6.82
HSBC Deluxe Mortgage rates; Jumbo mortgage; Rates shown for New York only
- Oct 14, 20267.94%▲ from 7.88%
- Oct 7, 20267.88%▲ from 7.20%
- Sep 18, 20267.20%first recorded
New York 15 Year Fixed Refinance Rates
Balance 50K or more, up to 60% LTV, 740+ Credit Score; Rates include a discount of .25% APR for Auto Pay from an HRCCU Account
Rates shown for New York counties only (Bronx, Kings, New York, Orange, Queens, Richmond, Rockland, Westchester, Nassau, Suffolk, Erie); assumes 80% LTV, 740 credit score, 60-day lock
Property: 1-4 Family Owner Occupied/Condominiums/Co-ops; Zero Points; Months: 179
As Low As; Current Rates homepage card
As Low As; Fixed Rate 15-year fixed
No additional details available.
- Oct 12, 20266.09%▼ from 6.72%
- Sep 25, 20266.72%▲ from 6.09%
- Sep 14, 20266.09%first recorded
As Low As; Get peace of mind with predictable monthly payments. Both traditional and short-term options available.
- Sep 27, 20266.50%▲ from 6.25%
- Sep 18, 20266.25%▲ from 6.13%
- Sep 14, 20266.13%first recorded
No additional details available.
- Oct 13, 20266.51%▲ from 5.76%
- Sep 18, 20265.76%first recorded
No additional details available.
No additional details available.
- Oct 2, 20266.52%▲ from 6.40%
- Sep 25, 20266.40%▲ from 6.02%
- Sep 14, 20266.02%first recorded
APR as low as; APR based on $100,000 loan amount at 80% loan to value.
Max Loan: $832,750; Advertised rates assume 760 credit score, minimum $150,000 loan amount, owner-occupied single-family; Investment or tenant-occupied properties subject to additional 0.75%
- Oct 1, 20266.67%▲ from 6.41%
- Sep 18, 20266.41%▲ from 6.15%
- Sep 15, 20266.15%first recorded
Vacation home; 15 yr amortization; Initial rate 7.000%; APR (as low as) 6.704%; Margin 2.250%; Rate change frequency after initial period: Annually; Max per adj. cap 2.00%; Lifetime cap 5.00%; Index 1 Yr - CMT; Floor 3.00%
Margin: 2.250%; Rate change frequency after initial period: Annually; Max per adjustment cap: 2.00%; Lifetime cap: 5.00%; Index: 1 Yr - CMT; Floor: 3.00%; Monthly payment example: $898.83
- Oct 12, 20266.70%▼ from 6.72%
- Oct 2, 20266.72%▲ from 6.54%
- Sep 25, 20266.54%first recorded
As Low As; Homepage featured rate
Effective: 10/13/2026; Loan amounts up to $832,750
As Low As; w/ 0.875 Points; Payment: 2,090.66
Vacation home; 15 yr amortization; Initial rate 7.125%; APR (as low as) 6.809%; Margin 2.250%; Rate change frequency after initial period: Annually; Max per adj. cap 2.00%; Lifetime cap 5.00%; Index 1 Yr - CMT; Floor 3.00%
Margin: 2.250%; Rate change frequency after initial period: Annually; Max per adjustment cap: 2.00%; Lifetime cap: 5.00%; Index: 1 Yr - CMT; Floor: 3.00%; Monthly payment example: $905.83
- Oct 12, 20266.81%▼ from 6.82%
- Oct 2, 20266.82%▲ from 6.67%
- Sep 25, 20266.67%first recorded
Apply Online
- Oct 14, 20266.84%▼ from 6.96%
- Oct 2, 20266.96%▲ from 6.84%
- Sep 27, 20266.84%▲ from 6.59%
- Sep 18, 20266.59%▲ from 6.21%
Monthly Payments per $1,000: $8.85
- Sep 27, 20266.89%▲ from 6.77%
- Sep 24, 20266.77%first recorded
No additional details available.
- Oct 14, 20266.92%▼ from 7.05%
- Oct 7, 20267.05%▲ from 6.54%
- Sep 24, 20266.54%▲ from 6.42%
- Sep 15, 20266.42%first recorded
Published rate range: 6.875%-7.875%. Member Business Loans; Non owner occupied 1-4 family; APR based on lowest rate
Owner Occupied
- Oct 12, 20266.94%▲ from 6.32%
- Sep 17, 20266.32%▲ from 6.19%
- Sep 14, 20266.19%first recorded
Refinance; Based on $300,000 loan amount; Rates include 0.125% autopay and paperless discount
Owner Occupied
Fixed Rate Mortgages
- Oct 14, 20266.99%▲ from 6.74%
- Sep 21, 20266.74%▲ from 6.61%
- Sep 18, 20266.61%first recorded
Sunmark membership required; all loans subject to credit approval
Conventional loan of $200,000 on $334,000 value, primary residence rate/term refinance; 60-day rate lock; escrows included; 780+ credit score; Payment Per $1,000: $8.92
- Oct 14, 20267.09%▼ from 7.22%
- Oct 1, 20267.22%▲ from 7.09%
- Sep 27, 20267.09%▲ from 6.84%
- Sep 18, 20266.84%▲ from 6.47%
As Low As
- Oct 1, 20267.11%▲ from 6.60%
- Sep 19, 20266.60%first recorded
As Low As; Up to 1.0 points**
As Low As
- Oct 14, 20267.15%▼ from 7.28%
- Oct 7, 20267.28%▲ from 7.15%
- Oct 1, 20267.15%▼ from 7.28%
- Sep 27, 20267.28%▲ from 6.90%
Rates effective as of 10/13/2026; APR assumes $300,000 loan, FICO 760+, owner-occupied single-family in New York State, LTV 80% or less, no cash-out
Maximum Loan to Value: 97%*
- Oct 7, 20267.27%▲ from 7.15%
- Oct 3, 20267.15%▼ from 7.20%
- Oct 1, 20267.20%▲ from 7.08%
- Sep 27, 20267.08%first recorded
As Low As; Purchase Loan Rates; Prepaid Fin. Charge: $8,588.37; as of 10/13/2026 10:06 AM; 180 monthly payments; Assumes $350,000 loan, 60% LTV, minimum FICO 720
Rates effective October 14, 2026
- Oct 14, 20267.34%▼ from 7.61%
- Oct 1, 20267.61%▲ from 7.21%
- Sep 28, 20267.21%▲ from 7.09%
- Sep 24, 20267.09%▲ from 6.84%
Share savings account with minimum $5 balance required
Today's Mortgage Rates; Apply Now
Conforming mortgage; rates shown for New York counties only
- Oct 14, 20267.50%▲ from 7.39%
- Sep 27, 20267.39%first recorded
No additional details available.
- Oct 14, 20267.51%▼ from 7.64%
- Oct 1, 20267.64%▲ from 7.51%
- Sep 27, 20267.51%first recorded
Jovia Financial is not the lender for FHA or VA products
- Oct 14, 20267.69%▲ from 7.66%
- Oct 7, 20267.66%▲ from 7.51%
- Sep 15, 20267.51%first recorded
Jovia Financial is not the lender for FHA or VA products
- Oct 14, 20267.78%▲ from 7.75%
- Oct 7, 20267.75%first recorded
As Low As; Mortgage rate assumes Nassau or Suffolk County NY primary residence, LTV 75% or less (purchase) or 70% or less (refinance), rate lock 60 days or less, credit score 780 or above
- Sep 27, 20268.09%▲ from 7.97%
- Sep 18, 20267.97%▲ from 7.60%
- Sep 15, 20267.60%first recorded
New York 5/1 ARM Refinance Rates
Adjustable Rate Mortgage (ARM) - Home Loans; Base Rate 4.500%, Initial APR 4.611%; APR assumes 30-year term, 2/6 caps
Published rate range: 5.90 - 6.25. Initial rate on first lien owner-occupied residential real estate (mortgage amounts of $500,000 or less)
- Oct 5, 20265.90%▲ from 5.60%
- Sep 17, 20265.60%▲ from 5.15%
- Sep 14, 20265.15%first recorded
Published rate range: 6.00 - 6.35. Initial rate on first lien owner-occupied residential real estate (mortgage amounts of $500,000 or less)
- Oct 5, 20266.00%▲ from 5.75%
- Sep 17, 20265.75%▲ from 5.45%
- Sep 14, 20265.45%first recorded
As Low As; Enjoy a low initial rate that adjusts with the market. Various terms and options available.
- Oct 14, 20266.00%▼ from 6.13%
- Oct 1, 20266.13%▲ from 5.63%
- Sep 18, 20265.63%▲ from 5.50%
- Sep 14, 20265.50%first recorded
As Low As
- Oct 14, 20266.12%▼ from 6.25%
- Oct 1, 20266.25%▲ from 6.12%
- Sep 27, 20266.12%▲ from 5.87%
- Sep 18, 20265.87%▲ from 5.50%
Adjustable Rate Mortgage
- Oct 13, 20266.25%▼ from 7.03%
- Oct 2, 20267.03%first recorded
Type - LTV 80% or less; Purchase & Construction; Fixed for 5 years then changes every 12 months; Index: weekly average yield on US Treasury Bill - 5 years plus margin; rate never increases more than 6 percentage points over loan term; includes 0.25% discount for auto charge from a Jeff Bank deposit account
Initial fixed period 5 years, then adjusts every six months; index: SOFR plus 2.25% margin; First Cap +/- 2.00%; Subsequent Cap +/- 1.00%; Lifetime Cap +/- 5.00%; rates effective 10/13/2026; APR assumes $300,000 loan, FICO 760+, primary residence, LTV 80% or less
- Oct 14, 20266.45%▼ from 6.47%
- Oct 10, 20266.47%▲ from 6.44%
- Oct 6, 20266.44%▼ from 6.75%
- Oct 1, 20266.75%▲ from 6.50%
First 5 Years; Rate may adjust every year; Rate current as of 9/30/2026; Based on excellent credit profile (FICO 740); Lifetime rate cap of 6.00% above intro rate; Rate discounted 0.25% with Trustco Auto Pay Program; Lender paid PMI on loans over 89.5% LTV; No borrower paid PMI; No appraisal fee; No real estate tax escrow required
- Oct 3, 20266.45%▲ from 6.20%
- Sep 15, 20266.20%first recorded
Variable rate; may change after account opening; Apply Online
- Oct 10, 20266.48%▲ from 6.45%
- Oct 1, 20266.45%▲ from 6.40%
- Sep 27, 20266.40%first recorded
estimated $1,537.36 at 11.250% for remaining 300 months; Purchase or Refinance: 90 day rate lock; Minimum loan amount: $25,000.00; Maximum conforming amount: $832,750.00
- Oct 1, 20266.50%▲ from 6.23%
- Sep 27, 20266.23%first recorded
first 60 months at 5.750%, then estimated 11.250% for remaining 300 months (estimated payment $1,537.36); Minimum loan amount $25,000.00; Maximum conforming amount $832,750.00; APRs current as of 09/29/2026
- Oct 1, 20266.50%▲ from 6.23%
- Sep 15, 20266.23%first recorded
Property: 1-4 Family Owner Occupied/Condominiums/Co-ops; Zero Points; Months: 60; Adjustable rate: rate is variable and can increase by no more than 2 percentage points after the initial period and at each subsequent rate adjustment, with a lifetime maximum adjustment of 6%
Adjustable Rate Mortgage: 60 months fixed, then adjusts every six months; Max Loan: $832,750; Advertised rates assume 760 credit score, minimum $150,000 loan amount
As Low As; 5/6 ARM is a variable rate loan; APR assumes 20% down payment, 30 day rate lock and $200,000 loan amount
Maximum Loan to Value 89%
No additional details available.
- Sep 27, 20266.72%▲ from 6.67%
- Sep 24, 20266.67%first recorded
Published rate range: 6.75 - 7.10. Initial rate on first lien owner-occupied residential real estate (mortgage amounts of $500,000 or less); only available for first-lien residential owner-occupied property of four units or less
- Sep 17, 20266.75%▲ from 6.45%
- Sep 14, 20266.45%first recorded
Initial rate 6.750%; APR (as low as) 6.779%; Margin 2.250%; Rate change frequency after initial period: Annually; Max per adj. cap 2.00%; Lifetime cap 5.00%; Index 1 Yr - CMT; Floor 3.00%
Margin: 2.250%; Rate change frequency after initial period: Annually; Max per adjustment cap: 2.00%; Lifetime cap: 5.00%; Index: 1 Yr - CMT; Floor: 3.00%; Monthly payment example: $648.60
- Oct 8, 20266.78%▲ from 6.76%
- Oct 2, 20266.76%▲ from 6.33%
- Sep 25, 20266.33%first recorded
Jumbo mortgage; based on 65% LTV, credit score 740, 60-day lock; rates shown for New York only
- Oct 14, 20266.83%▲ from 6.76%
- Oct 7, 20266.76%▲ from 6.75%
- Oct 1, 20266.75%first recorded
Conform / Jumbo: Up to $806,500
- Oct 5, 20266.86%▲ from 6.57%
- Sep 14, 20266.57%first recorded
As Low As; Initial fixed period 5 years, then adjusts annually; Rate and APR assume NY property (Nassau or Suffolk County), primary residence, LTV 75% or less purchase/70% or less refinance, 60-day rate lock, credit score 780 or above
As Low As; Home Loans
Introductory rate fixed for first 5 years, then adjusts every 6 months based on 30-day compounded average SOFR; 2% cap at first adjustment, 1% thereafter; life cap +/-5%; floor 2.50%; margin 2.50%; rates as of 10/13/2026
- Oct 14, 20266.96%▲ from 6.92%
- Oct 8, 20266.92%first recorded
As Low As; Prepaid Fin. Charge: $2,485.94; Assumptions: Loan Amount $350,000, 60% loan-to-value, Minimum FICO of 720; Mortgage is fixed for 5 years and may increase every 5 years thereafter
- Oct 14, 20267.01%▲ from 6.73%
- Oct 1, 20266.73%▲ from 6.65%
- Sep 15, 20266.65%first recorded
As Low As; Prepaid Fin. Charge: $2,900.00; All construction loans include a 1-year interest-only period followed by a 30-year term; Fixed for 5 years then may increase every 1 year thereafter; APR adjusts based on 1 Year CMT; Assumptions: Loan Amount $350,000, 60% LTV, Minimum FICO 720
- Oct 14, 20267.02%▲ from 6.78%
- Oct 7, 20266.78%▼ from 7.02%
- Oct 1, 20267.02%▲ from 6.96%
- Sep 15, 20266.96%first recorded
As Low As; Prepaid Fin. Charge: $3,126.91; Mortgage Purchase Loan; Fixed for 5 years then may increase every 1 year, 360 monthly payments; APR adjusts based on 1 Year CMT; Assumes $350,000 loan, 60% LTV, minimum FICO 720
- Oct 14, 20267.03%▲ from 6.78%
- Oct 7, 20266.78%▼ from 7.02%
- Oct 1, 20267.02%▲ from 6.96%
- Sep 15, 20266.96%first recorded
As Low As; Purchase Loan Rates; Prepaid Fin. Charge: $3,126.91; Fixed for 5 years, may increase every 1 year thereafter; 360 monthly payments; APR adjusts based on 1 Year CMT; as of 10/13/2026 10:06 AM; Assumes $350,000 loan, 60% LTV, minimum FICO 720
6.5% simple interest rate, 7.039% APR good for 5 years; rate changes beginning in year 6; Payment Per $1,000: $6.32
- Oct 14, 20267.04%▼ from 7.16%
- Oct 1, 20267.16%▲ from 6.91%
- Sep 27, 20266.91%▲ from 6.66%
- Sep 18, 20266.66%▲ from 6.41%
Price per Thousand: $6.65
Conform / Jumbo: Over $806,500
- Oct 5, 20267.06%▲ from 6.74%
- Sep 14, 20266.74%first recorded
As Low As; Prepaid Fin. Charge: $2,521.18; Assumptions: Loan Amount $350,000, 60% loan-to-value, Minimum FICO of 720; Mortgage is fixed for 5 years and may increase every 5 years thereafter
- Oct 14, 20267.09%▲ from 6.81%
- Oct 1, 20266.81%▲ from 6.73%
- Sep 15, 20266.73%first recorded
Payment Per $1,000: $6.40
- Oct 14, 20267.12%▼ from 7.25%
- Oct 1, 20267.25%▲ from 7.00%
- Sep 27, 20267.00%▲ from 6.75%
- Sep 18, 20266.75%▲ from 6.50%
APR as low as (0 pts.); NY ONLY APR as low as (0 pts.): 7.000%
As Low As; Up to 1.0 points**
Initial rate marked with *; Cap Per Adj 1.50%; Lifetime Cap 12.250%; Margin 2.75%; Monthly P & I Payment per $1,000 $6.16; Payment per $1,000 based on initial rate and maximum term of 30 years; Floor is set at initial interest rate; APR may increase after loan consummation; APR based on $250,000 Mortgage Loan
Real estate APR based on $165,000 conventional loan
No additional details available.
Cap Per Adj: 1.50%; Lifetime Cap: 12.500%; Margin: 2.75%
Cap Per Adj: 1.50%; Lifetime Cap: 12.500%; Margin: 2.75%
- Oct 7, 20267.19%▲ from 7.11%
- Sep 24, 20267.11%first recorded
APR based on a $165,000 Conventional loan assuming the highest credit rating; rates accurate as of 10/09/2026; Membership eligibility applies
No additional details available.
Adjustable rate mortgage; APR assumes purchased points are included as shown; rates are the lowest available, actual rate based on creditworthiness
Cap Per Adj 1.50%; Lifetime Cap 12.500%; Margin 3.00%; Monthly P & I Payment per $1,000 $6.32; Payment per $1,000 based on initial rate and maximum term of 30 years; Floor is set at initial interest rate; APR may increase after loan consummation; APR based on $250,000 Mortgage Loan
As Low As; Prepaid Fin. Charge: $2,900.00; All construction loans include a 1-year interest-only period followed by a 30-year term; Fixed for 15 years then may increase once thereafter; APR adjusts based on 10 Year CMT; Assumptions: Loan Amount $350,000, 60% LTV, Minimum FICO 720
- Oct 14, 20267.39%▲ from 7.16%
- Oct 1, 20267.16%▲ from 7.05%
- Sep 24, 20267.05%first recorded
Maximum Loan to Value 89%
No additional details available.
- Sep 27, 20267.42%▲ from 7.30%
- Sep 24, 20267.30%first recorded
Cap Per Adj: 1.50%; Lifetime Cap: 12.750%; Margin: 3.00%
Cap Per Adj: 1.50%; Lifetime Cap: 12.750%; Margin: 3.00%
- Oct 7, 20267.45%▲ from 7.36%
- Sep 24, 20267.36%first recorded
New York 30-Year Jumbo Refinance Rates
Term: 3/1 year ARM (30 year payout); As Low As; Up to 1.0 points**
Term: 5/1 year ARM (30 year payout); As Low As; Up to 1.0 points**
Term: 7/1 year ARM (30 year payout); As Low As; Up to 1.0 points**
As Low As; Up to 1.0 points**
Term: 30 year fixed (not offered on co-ops); As Low As; Up to 1.0 points**
Adjustable rate mortgage; jumbo loan; loan amounts from $832,751 - $2,000,000; rates effective 10/13/2026
Adjustable-rate mortgage loan; Rates as of Oct 13, 2026 ET
- Oct 6, 20266.87%▲ from 6.77%
- Sep 30, 20266.77%first recorded
Jumbo mortgage adjustable rate mortgage; 65% LTV, credit score 740, 15 days prepaid interest, 60-day lock; rates shown for New York only
Adjustable rate mortgage; jumbo loan; loan amounts from $832,751 - $2,000,000; rates effective 10/13/2026
Jumbo mortgage adjustable rate mortgage; 65% LTV, credit score 740, 15 days prepaid interest, 60-day lock; rates shown for New York only
As Low As; Finance higher-priced homes without a large down payment or multiple mortgages.
- Oct 1, 20267.13%▲ from 6.88%
- Sep 18, 20266.88%▲ from 6.63%
- Sep 14, 20266.63%first recorded
Adjustable rate mortgage; jumbo loan; loan amounts from $832,751 - $2,000,000; rates effective 10/13/2026
As Low As; Jumbo Loan Rates; Prepaid Fin. Charge: $4,662.50; $/1000: $6.49; Assumptions: Loan Amount $600,000, 60% LTV, Minimum FICO 720
As Low As; Jumbo Loan Rates; Prepaid Fin. Charge: $4,541.67; $/1000: $6.32; Assumptions: Loan Amount $600,000, 60% LTV, Minimum FICO 720
Jumbo loan; Apply Online
- Oct 14, 20267.39%▼ from 7.52%
- Oct 1, 20267.52%▲ from 7.39%
- Sep 27, 20267.39%▲ from 7.14%
- Sep 18, 20267.14%▲ from 6.89%
Advertised rate: single-family primary residence, 720 FICO, 20% down; Rates as of Oct 13, 2026 ET
Jumbo
Jumbo
- Oct 14, 20267.77%▼ from 7.89%
- Oct 7, 20267.89%▲ from 7.39%
- Sep 24, 20267.39%▲ from 7.27%
- Sep 15, 20267.27%first recorded
Jumbo mortgage; 65% LTV, credit score 740, 15 days prepaid interest, 60-day lock; rates shown for New York only
As Low As; Jumbo Loan Rates; Prepaid Fin. Charge: $6,454.07; $/1000: $8.96; Assumptions: Loan Amount $600,000, 60% LTV, Minimum FICO 720
New York 15-Year Jumbo Refinance Rates
Jumbo loan; Apply Online
- Oct 14, 20266.40%▼ from 6.53%
- Oct 2, 20266.53%▲ from 6.40%
- Sep 27, 20266.40%▲ from 6.15%
- Sep 18, 20266.15%▲ from 5.78%
Advertised rate: single-family primary residence, 720 FICO, 20% down; Rates as of Oct 13, 2026 ET
Jumbo
- Oct 13, 20267.23%▲ from 6.83%
- Sep 14, 20266.83%first recorded
As Low As; Jumbo Loan Rates; Prepaid Fin. Charge: $5,668.75; $/1000: $9.92; Assumptions: Loan Amount $600,000, 60% LTV, Minimum FICO 720
New York 5/1 Jumbo ARM Refinance Rates
Adjustable-rate mortgage loan; Rates as of Oct 13, 2026 ET
- Oct 6, 20266.83%▲ from 6.75%
- Sep 30, 20266.75%first recorded
Jumbo mortgage adjustable rate mortgage; 65% LTV, credit score 740, 15 days prepaid interest, 60-day lock; rates shown for New York only
As Low As; Jumbo Loan Rates; Prepaid Fin. Charge: $4,481.25; $/1000: $6.24; Assumptions: Loan Amount $600,000, 60% LTV, Minimum FICO 720
New York FHA Loan Rates
Fixed Rate Mortgages
Payment Per $1,000: $6.65
- Oct 1, 20267.57%▲ from 7.45%
- Sep 27, 20267.45%first recorded
Jovia Financial is not the lender for FHA or VA products
- Oct 14, 20267.78%▲ from 7.75%
- Oct 7, 20267.75%first recorded
As Low As; Mortgage rate assumes Nassau or Suffolk County NY primary residence, LTV 75% or less (purchase) or 70% or less (refinance), rate lock 60 days or less, credit score 780 or above
- Sep 27, 20268.09%▲ from 7.97%
- Sep 18, 20267.97%▲ from 7.60%
- Sep 15, 20267.60%first recorded
No additional details available.
- Oct 11, 20268.33%▼ from 8.71%
- Oct 1, 20268.71%▲ from 8.33%
- Sep 27, 20268.33%▲ from 8.06%
- Sep 24, 20268.06%▲ from 7.95%
Jovia Financial is not the lender for FHA or VA products
- Oct 14, 20268.34%▲ from 7.82%
- Oct 7, 20267.82%first recorded
Jovia Financial is not the lender for FHA or VA products
- Oct 14, 20268.34%▲ from 7.82%
- Oct 7, 20267.82%▲ from 7.31%
- Sep 15, 20267.31%first recorded
As Low As; Mortgage rate assumes Nassau or Suffolk County NY primary residence, LTV 75% or less (purchase) or 70% or less (refinance), rate lock 60 days or less, credit score 780 or above
- Oct 1, 20268.56%▲ from 8.43%
- Sep 27, 20268.43%▲ from 8.06%
- Sep 24, 20268.06%▲ from 7.68%
- Sep 18, 20267.68%▲ from 7.56%
New York VA Loan Rates
Rates as of Oct 13, 2026 ET. Rates subject to change.
Rates as of Oct 13, 2026 ET. Rates subject to change.
Jovia Financial is not the lender for FHA or VA products
- Oct 14, 20267.69%▲ from 7.66%
- Oct 7, 20267.66%▲ from 7.51%
- Sep 15, 20267.51%first recorded
Payment Per $1,000: $6.82
Jovia Financial is not the lender for FHA or VA products
- Oct 14, 20267.99%▲ from 7.96%
- Oct 7, 20267.96%▲ from 7.19%
- Sep 15, 20267.19%first recorded
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
National Refinance Rate Averages
Daily averages of posted rates across every lender we track, as of October 15, 2026. Use these as the benchmark for the New York quotes above; lenders that price refinances separately currently run about 0.111 points higher.
New York Refinance Rate Trends
Compare local New York refinance quotes against the statewide average
Daily averages of posted first-mortgage rates across our lender network, updated every evening. Because most lenders price purchase and refinance loans identically, this is the benchmark a New York refinance quote should be measured against, plus roughly 0.111 points at lenders that price refinances separately.
New York 30-year fixed rates fell 0.060 points over the past 7 days to 7.430%.
New York 15-year fixed rates rose 0.006 points over the past 7 days to 7.020%.
What New York Homeowners Actually Pay to Refinance
Posted refinance rates from our lender network alongside the rates borrowers closed at, from federal HMDA filings
Two different measures. The refinance premium is computed nightly from lenders that publish separate purchase and refinance pricing. HMDA figures are median note rates on loans that actually closed.
New York Refinance Rate Forecast, Next 12 Months
Where are New York refinance rates headed through October 2027?
Based on Fed funds rate futures, 10-year Treasury path, and historical mortgage spread model. If the forecast shows rates falling, waiting may beat refinancing today; the break-even calculator below shows what each scenario is worth. Not financial advice.
What Forecast Rates Mean for New York Homeowners Refinancing
Monthly principal & interest on a 30-year refinance of the loan of $339,040 (80% of the state median home value). Payment differences show what waiting for the forecast rate would be worth each month.
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (NY avg) | 7.430% | $2,354 | 32.9% | |
| 6-Month Forecast | 7.430% (7.08, 7.73%) | $2,354 | +$0/mo | 32.9% |
| 12-Month Forecast | 7.680% (7.33, 7.98%) | $2,413 | +$58/mo | 33.7% |
Income column = annual mortgage payment as % of New York median household income ($85,974). Above 30% is generally considered cost-burdened.
New York Refinance Break-Even Calculator
Enter your current loan and the refinance rate you have been quoted. The calculator shows the new payment, monthly savings, and how many months it takes for those savings to pay back the closing costs. Click a current New York rate on the right to test it instantly.
Principal and interest only. Excludes escrow, mortgage insurance, and any prepayment penalty on the current loan. Lifetime interest compares the remaining interest on the current loan to total interest on the new loan. Estimates are for informational purposes only.
Run the Numbers on Your New York Refinance
The rate is only part of the decision. Use these calculators to turn current New York home refinance rates into monthly savings, break-even months, and total interest before you request quotes from refinance lenders.
If you already own a home, enter your current rate, remaining loan balance, and the rate you’ve been quoted to refinance. The calculator shows your new monthly payment, how much you’d save each month, and the break-even point, the number of months it takes for your savings to cover the closing costs of refinancing.
CalculateEnter your loan amount, interest rate, and term length to see your estimated monthly principal and interest payment. Adjust any variable to model different scenarios: a larger down payment, a shorter term, or a rate a quarter-point lower than what you were quoted.
CalculateIf your goal is cash rather than a lower rate, compare current New York home equity loan and HELOC rates against a cash-out refinance. Keeping a low existing first mortgage and adding a second lien is often the cheaper path, especially for loans originated between 2020 and 2022.
CompareTell us your gross income, monthly debt obligations, and how much you have for a down payment. We’ll show you the home price range you’re likely to qualify for at current New York rates, so you can shop with a realistic number in mind rather than discovering your ceiling after you’ve fallen in love with a property.
CalculateTypes of Refinance Loans Available in New York
Homeowners across New York can choose from several refinance programs. The right one depends on what you are trying to do: lower the rate, shorten the term, pull cash out, or drop mortgage insurance. Pricing, appraisal requirements, and eligibility differ across each, and the cheapest program is not always the lowest posted rate once fees are counted.
Rate-and-Term Refinance
The standard refinance. You replace your existing mortgage with a new loan for about the same balance, changing only the rate, the term, or both. It is the lowest-priced refinance product at nearly every New York lender because the loan-to-value ratio does not rise.
Best for homeowners whose rate is at least half a point above today’s New York average and who plan to stay past the break-even point. Choosing a term that matches your remaining years, rather than resetting to 30, keeps the payoff date where it is.
Cash-Out Refinance
A cash-out refinance replaces your mortgage with a larger one and hands you the difference at closing. Conventional lenders cap the new loan at 80% of appraised value; VA cash-out loans go to 90%. Rates run above rate-and-term pricing.
If you hold a low rate from 2020 to 2022, a home equity loan or HELOC in New York usually costs less than refinancing the whole balance at today’s rate to pull out cash.
FHA Streamline Refinance
For homeowners already in an FHA loan. No appraisal, no income verification, and limited credit review, as long as the new loan produces a net tangible benefit (generally a rate at least 0.5% lower, or a move from an ARM to a fixed rate). You need 210 days since the first payment and six on-time payments.
The upfront mortgage insurance premium is reduced to 0.01% and annual MIP continues, so FHA borrowers with 20% equity and good credit should also price a conventional rate-and-term refinance, which drops mortgage insurance entirely.
VA IRRRL (Streamline Refinance)
The Interest Rate Reduction Refinance Loan lets veterans refinance an existing VA loan with no appraisal, no income documentation, and a funding fee of just 0.5% (waived for borrowers with a service-connected disability). Closing costs can be rolled into the loan.
The new rate must be lower than the current one unless you are moving from an ARM to a fixed rate, and you must recoup closing costs within 36 months. VA lenders in New York quote IRRRL pricing separately, so ask for it by name.
USDA Streamlined-Assist Refinance
For homeowners with an existing USDA Rural Development loan. No appraisal or credit review in most cases, and the new payment must be at least $50 a month lower than the current one. The property no longer has to meet the rural eligibility map.
Twelve months of on-time payments are required, and the 1% upfront guarantee fee plus the annual fee apply to the new loan.
Jumbo Refinance
The 2026 FHFA conforming baseline in New York is $832,750 for most counties, higher in designated high-cost areas. A refinance above the county limit is a jumbo loan, priced and underwritten lender by lender.
Jumbo refinances usually require a 700 or higher credit score, reserves of six to twelve months of payments, and a loan-to-value of 80% or less. Because balances are large, even a quarter-point rate difference is worth thousands a year, so compare the 30-Year Jumbo and 15-Year Jumbo tabs above closely. If paying the balance down to the conforming limit at closing is possible, conforming refinance pricing is often noticeably better.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our New York refinance rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Refinance Rate Data: We aggregate mortgage and refinance rates for New York directly from the official websites of local lenders, credit unions, and national mortgage originators using our proprietary rate aggregation technology and a dedicated team of rate updaters. Where a lender publishes a product specifically for refinancing, that product is listed by name; where a lender publishes one rate sheet for purchase and refinance loans, that rate is shown as the refinance rate, which is how the lender itself quotes it.
Refinance Premium and HMDA Figures: The refinance premium is the average difference between a lender’s refinance-labeled product and the same lender’s standard product of the same term, computed nightly across lenders that publish both. It is shown for context and is never added to any rate in the tables. HMDA figures are median note rates on first-lien, owner-occupied, one-to-four-unit loans originated in the most recent reporting year, from the Consumer Financial Protection Bureau’s public Loan/Application Register.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in New York. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national originators available to borrowers in NY.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage and refinance rates daily. Because rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you compare rates from secure, reliable lenders.
How a Mortgage Refinance Works in New York
A refinance pays off your current mortgage with a new loan on the same New York home. The new lender wires the payoff to the old lender at closing, and from that point you make payments on the new loan only. Because it is a brand-new mortgage, you go through an application, credit check, and usually an appraisal, and you pay closing costs, just as you did when you bought the home.
How New York Refinance Rates Compare to Purchase Rates
Most New York banks and credit unions post one rate sheet that applies to purchase and refinance loans alike, which is why the tables above show the same lenders you will find on our New York mortgage rates page. For example, Hudson River Community Credit Union is listing a Mortgage & Refinance 30-year fixed at 6.50% for either purpose. Some lenders price refinances separately and list them by name, such as Hudson River Community Credit Union’s Mortgage & Refinance 15-year fixed at 5.75%. Across lenders that post both, refinance pricing currently runs about 0.111 points above the same lender’s purchase rate nationally. Cash-out refinances, investment properties, and second homes carry pricing add-ons at every lender.
Finding Your Break-Even Point in New York
Divide total closing costs by the monthly payment savings and you get the number of months until the refinance has paid for itself. A New York homeowner who expects to sell before that month should not refinance, no matter how good the rate looks. The calculator above runs this math with today’s local rates. A shorter break-even, under three years, is a comfortable margin; anything past five years needs a long stay to pay off.
Refinance Closing Costs and No-Closing-Cost Loans in New York
Refinance closing costs in New York typically run two to five percent of the loan and include the lender’s origination fee, appraisal, title search and lender’s title policy, recording fees, and prepaid interest. Discount points are optional and buy the rate down. A no-closing-cost refinance rolls the fees into a higher rate or the loan balance. It is not free, but it can be the better choice for a homeowner likely to move or refinance again within a few years, because there is nothing to recoup.
When New York Homeowners Should Wait
Refinancing rarely pays when the new rate is less than half a point below the current one, when you are more than ten years into a 30-year loan and would reset the clock, or when your credit score has dropped since the original loan. Homeowners holding a rate from 2020 to 2022 are usually better served by keeping that loan and using a home equity loan or HELOC for cash needs. Our New York refinance rate trends above show where rates have been over the past 90 days, and the forecast gives a sense of where they may head, so you can decide whether to lock now or wait.
Frequently Asked Questions about Refinance Rates in New York
What are home loan refinance rates in New York (NY) today?
Are refinance rates higher than purchase mortgage rates in New York?
When does refinancing make sense in New York?
How soon can I refinance a mortgage in New York?
What is a rate-and-term refinance?
What is a cash-out refinance?
Does refinancing reset my 30-year term?
What are typical refinance closing costs in New York?
What is the difference between interest rate and APR on a refinance?
Should I lock my refinance rate?
How do I compare refinance lenders in New York?
How do I get refinance quotes in New York?
What are the best refinance rates in New York?
- Hudson River Community Credit Union: 6.50% (Mortgage & Refinance 30-year fixed)
- HSBC Bank USA: 7.75% (Conforming Mortgage Refinance - 30 Year Fixed Rate)
- SUMA Federal Credit Union: 6.25% (30 Year Fixed Mortgage)
- Peoples Alliance Federal Credit Union: 6.375% (30 Year Fixed Mortgage)
- NEXT STEP: 6.875% (Conventional 30-Year Fixed Rate Mortgage)
New York Rates & Resources
Home Refinance Rates by City in New York (NY)
