The NYC Mortgage Rate Report for 6/7/2013

Rates continue to tick up. From a low of about 3.5% (30 Year Fixed)  in early May to today's 4.13%, rates have risen almost 20%. That's a very significant rise in a month. Here's what that does to your borrowing power:


                                                    Rates        Payment per $100K of Mortgage

3.5%                      $449

4.13                        $485

The NYC Mortgage Rate Report for 6/7/2013