Mortgage rates for Buffalo, New York go down to 3.00%

Mortgage rates for Buffalo, New York on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Buffalo, New York is now at 4.56%.

Buffalo Market Trends

Buffalo is located close to Lake Eerie, Niagara River and Lake Ontario. Buffalo has a past linked to industrial development but is moving slowly and surely to a more advanced, diversified employment landscape built on the healthcare and education industries. Buffalo has 32 distinct neighborhoods. Buffalo has the sunniest summers of any city in the Northeast but gets significant precipitation during the winter both as rain and snow, making it one of the most lush, green areas of the state.

For quarter ending December 13:

The average listing price for homes for sale was $134,571 for the week ending December 25, which represents an increase of 1.1%, or $1,499, compared to the prior week.

Popular communities in Buffalo include North Park and Forest, with average home listing prices of $179,050 and $185,583.

Lender411.com will help you find the best mortgage interest rates by putting you in touch with a qualified Buffalo mortgage lender who can find you the right loan. 

 

Lenders in: Buffalo, New York.