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Best VA Mortgage Rates in New York
If you live in New York and you have your VA eligibility, chances are you will enjoy many financing benefits with the VA loan program that requires no down-payment with new home purchases. We invite military vets to compare rates and loan programs online. Choose from several New York VA loans whether you are refinancing or looking to buy a new house.
Last week the Federal Housing Finance Agency, Fannie Mae and Freddie Mac came together and announced an expansion to the Home Affordable Refinance Program. This government programs enables underwater borrowers to get another chance to refinance up to 125% loan to value.
According to a Freddie Mac published survey, the average fixed thirty-year mortgage rates in New York dipped to a record low 3.94% in October, from this year’s high of 5.05%. In September, the FOMC voted to reinvest proceeds from maturing housing debt into mortgage-backed securities, switching from Treasuries.
- Qualify to Become a Homeowner with No Down-Payment!
- Save Money with Lower Fixed VA Rates
- Make Home Repairs with Cash Out