Today’s Low Mortgage Rates: 10/16/19

Today’s Low Mortgage Rates: 10/16/19

Robert Reid (NMLS 7848) - Call 516-747-2500

Email: reid@gardencitymortgage.com

Conventional - $125,000 to $484,350 – Fixed Rate

30 Year Fixed – 3.725% (APR 3.762%)

20 Year Fixed – 3.625% (APR 3.676%)

15 Year Fixed – 3.125% (APR 3.220%)

10 Year Fixed – 3.00% (APR 3.094%)

High Balance - $484,351 to $726,525 – Fixed Rate

30 Year Fixed – 3.822% (APR 3.839%)

20 Year Fixed – 3.717% (APR 3.740%)

15 Year Fixed – 3.311% (APR 3.340%)

10 Year Fixed – 3.268% (APR 3.296%)

Jumbo - Over $726,525 – Fixed Rate

30 Year Fixed – 4.375% (APR 4.392%)

15 Year Fixed – 4.375% (APR 4.404%)

You can get lower rates by paying points.

Call for our low adjustable rate mortgages.

Average Rate Of 30 Year Fixed Rate Mortgage

Last 10 Years = 5.72%

Last 20 Years = 6.52%

Last 30 Years = 7.45%

Last 40 Years = 8.15%

Historic High Rate = 18.63% (1981)

Historic Low Rate = 3.25% (2016)

Garden City Mortgage (NMLS # 7052)

170 Tullamore Road Garden City, NY 11530

Registered Mortgage Broker-NYS Dept of Financial Services

All mortgages arranged with third party providers

Call: 516-747-2500 / Fax: 516-747-9338

WWW.GARDENCITYMORTGAGE.COM

We are open until 7 PM weekdays & weekends.

All rates are subject to change at any time.

Rates quoted are for 30 day rate locks.

Longer lock periods are available.

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.