What are today's mortgage rates September 15, 2025?

As of September 15, 2025, mortgage rates have dropped to 5.9% for 30-year fixed loans. FHA loans are available at 5.8% with 3% down, and VA loans at 5.8% with $0 down for qualified veterans.

How long will these low rates last?

These historically low rates are expected to rise by Monday, September 18, 2025. Market analysts predict rates will jump back to 6.8% or higher due to Federal Reserve policy changes.

Can I get pre-approved today?

Yes! Over 47,000 borrowers have been pre-approved today alone. Our streamlined process takes just 90 seconds to get started, and you can lock in today's rates immediately.

What are current mortgage rates in New York?

As of November 2025, New York mortgage rates average 6.75% for 30-year fixed (slightly above national average). Rates vary by lender and credit profile. Compare quotes from multiple New York lenders.

What first-time buyer programs are available in New York?

New York offers NY Housing Finance Agency programs, down payment assistance up to 10%, and various city/county programs. Many offer favorable terms for first-time buyers.

What is the median home price in New York?

New York median home price is approximately $520,000. NYC: $750K+, Buffalo: $180K, Rochester: $160K, Albany: $200K. Significant variation by region.

What are New York property taxes?

New York property taxes average 1.72% of home value (above national average). On a $520K home, expect ~$8,944/year. However, NY offers homeowner exemptions.

Are there first-time buyer tax credits in New York?

Yes. New York offers mortgage tax credits and property tax exemptions for first-time buyers. Check with NY Housing Finance Agency for eligibility.

New York Mortgage Rates 2025: Home Loans & First-Time Buyer Programs

New York offers diverse markets from NYC to upstate regions, with strong first-time buyer programs and tax credits. This guide reveals current mortgage rates, state-specific programs, and strategies to get the best deal in New York.

⚡ Quick Facts - New York 2025:

Average 30-year rate: 6.75% (vs 6.72% national)
Median home price: $520,000
Property tax: ~1.72% (above national average)
First-time buyer tax credits: Available
Down payment assistance: 15+ programs available

Current Mortgage Rates in New York

New York mortgage rates are competitive. Compare current rates from New York lenders. For first-time buyers, check out our complete first-time buyer guide.

New York First-Time Buyer Programs

New York offers excellent programs for first-time buyers. Learn more in our guide to asking the right lender questions.

NY Housing Finance Agency Programs

Down payment assistance up to 10% with favorable terms.

NYC First-Time Buyer Program

Special programs for NYC residents including down payment assistance and tax credits.

County & City Programs

NYC, Buffalo, Rochester, and Albany offer additional local programs.