Continuing our look at the best home mortgage rates, we here at Peak Personal Finance are today going to look for the best home loans in New York (state).

For this, we are assuming a FICO score of at least 700, a down payment of 20% in equity and/or cash, and cash on hand for fees. The loan size is assumed to be commensurate with the local housing market. Your situation will likely vary from this, but it will give a good baseline for you to work from as you speak with your mortgage broker and financial adviser.

30 Year Fixed Rate Best Home Mortgage Rates in New York
EverBank offers a 4.875% interest (5.013% APR) with 0.9 points and $1,095 in fees on a 30-day lock in. To reduce the points to zero ups the rate to 5.125% (5.184% APR).

Quicken Loans has a 5.125% interest (5.382% APR) offer with 1.875 points and a fixed $1,600 in fees. This locks for 45 days. Reducing the points to zero ups the rate to 5.625% (5.714% APR).

Two other 5.125% offers come from Astoria Federal Savings and Loan and HSBC Bank, both with no points and 5.14% APR. Astoria has a $284 fee while HSBC has a $575 fee, both with 60-day lock in periods.

15 Year Fixed Rate Best Mortgage Rates in New York
For this term, EverBank has a 4.25% interest (4.5% APR) with one point and $1,095 in fees on a 30-day lock in period.

Quicken Loans has a 4.375% interest (4.731% APR) with 1.375 points and a $1,600 fixed fee on 45 days of lock in. Reducing the points to zero raises the rate to 4.75% (4.92% APR) and the fees by $250.

Sovereign Bank has a 4.75% interest (4.92% APR) offer with 0.25 points and fees matching that as percentgage ($450/$100,000).

Astoria Federal Savings has a 4.5% (4.526% APR) with no points and $284 in fees with a 60-day lock in.

All banks listed are equal housing opportunity lenders.