The Superintendent first stopped at the HOME Headquarters and then met with consumers and community members at the Greater Rochester Housing Partnership. Representatives from the Division of Housing and Community Renewal and the State of New York Mortgage Agency also attended.
Mortgage rates are much lower today.
This means it is a good time for first home buyers to shop around for the best rate and for homeowners to refinance. The Banking Department provides comparative information for consumers by making interest rate surveys available on mortgage loans, home equity loans and lines of credit, and new and used auto loans. Each survey contains rate information for various financial institutions in several different geographic markets. The information in the survey is intended to provide consumers with a frame of reference when shopping for certain types of loans. The decision to buy a home must be made very carefully and thoroughly.