New York Mortgage Trends Over the Period Q3 2008 - Q3 2009
Below we present quarterly New York mortgage trends pertaining to conventional home mortgages that were processed during the period Q3 2008 - Q3 2009, based on data compiled by the Federal Housing Finance Agency (FHFA).
More specifically, we present quarterly trends for several important metrics of the NY metropolitan mortgage market such as the contract mortgage rate, initial fees and charges, the effective mortgage rate, the loan-to-price ratio and the average purchase price. Again this data pertains to conventional home mortgages.
New York Mortgage Contract Rates (%) for Conventional Home Mortgages: Q3 2008 - Q3 2009
Source: Federal Housing Finance Agency
New York Initial Fees and Charges (%) for Conventional Home Mortgages: Q3 2008 - Q3 2009
Source: Federal Housing Finance Agency
New York Effective Rates (%) for Conventional Home Mortgages: Q3 2008 - Q3 2009
Note: Effective mortgage rates incorporate amortization of initial fees and charges
Source: Federal Housing Finance Agency
New York Average Loan-to-Price Ratio (%) for Conventional Home Mortgages: Q3 2008 - Q3 2009
Source: Federal Housing Finance Agency
New York Average Purchase Price (Thousands) Involving Conventional Home Mortgages: Q3 2008 - Q3 2009