Lowest Mortgage Rates in Albany: November 2011

Falling home values throughout the U.S., as well as here in Albany, are making right now a good time to purchase a home at an affordable price. Notwithstanding, the price of the property isn’t the only number you should consider. Albany mortgage rates will also have a big impact on the total price you pay for your new home.

If you’re considering buying, be sure you take the time to get the lowest possible mortgage rate first. We’ve detailed the local Albany financial institutions with the very best interest rates on home loans in November. Find out if there’s a great deal near you.

Current Best Mortgage Rates in Albany, NY

Different mortgage types are going to offer different mortgage rates, but no matter what type of loan you choose, there’s bound to be a great deal in Albany. Below are the lowest mortgage rates offered by local Albany lenders today for a variety of home loan types.

Best 15-Year Fixed Mortgage Rates in Albany

• Manufacturers & Traders Trust Company: 3.25%
• • No Orig. Fees
  • Points: 0


• Capital Bank & Trust Company: 3.25%
• • Orig. Fees: $200
  • Points: 0


• Capital Bank: 3.25%
• • Orig. Fees: $200
  • Points: 0

Lowest 30-Year Fixed Mortgage Rates in Albany

• Quicken Loans Inc: 3.99%
• • No Orig. Fees
  • Points: 2


• First Niagara Bank, National Association: 4.13%
• • No Orig. Fees
  • Points: 0.13


• Manufacturers & Traders Trust Company: 4.13%
• • No Orig. Fees
  • Points: 0

Top 3/1 ARM Albany Mortgage Rates

• Community Bank, National Association: 2.63%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• NBT Bank, National Association: 3.25%
• • No Orig. Fees
  • Points: 0.25
  • Caps: 2% per Adjustment Period


• KeyBank National Association: 4.13%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Best Mortgage Rates in Albany for a 5/1 ARM

• Bank of America, National Association: 2.5%
• • No Orig. Fees
  • Points: 0.88
  • Caps: 2% per Adjustment Period


• Manufacturers & Traders Trust Company: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• TD Bank, National Association: 2.88%
• • Orig. Fees: $468.450
  • Points: 0
  • Caps: 2% per Adjustment Period

Be sure you confirm these rates with the lender before you apply. Mortgage rates are accurate as of 11/01/11, but could change at any time. Further, you may be subject to additional requirements or credit approval in order to obtain the lowest advertised Albany mortgage rate.