Madrid, New York Refinance Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Madrid, New York mortgage refinance rates from lenders serving New York range from 4.50% to 11.62%, verified by MonitorBankRates as of October 6, 2026. Current mortgage refinance rates for Madrid, New York borrowers from lenders serving New York include TEG Federal Credit UnionTEG Federal Credit UnionA+5.0 ★Texas Ratio: 4.23% at 7.375%, Citizens BankCitizens BankA+5.0 ★Texas Ratio: 5.44% at 7.75%, Hudson River Community Credit UnionHudson River Community Credit UnionA+5.0 ★Texas Ratio: 5.82% at 6.50%, Ukrainian National Federal Credit UnionUkrainian National Federal Credit UnionA5.0 ★Texas Ratio: 12.02% at 6.75%, and Peoples Alliance Federal Credit UnionPeoples Alliance Federal Credit UnionA+5.0 ★Texas Ratio: 3.34% at 6.875%. Refinance rates as of October 6, 2026 according to verified data from MonitorBankRates.
Madrid homeowners can compare 173 refinance rates from 47 lenders serving the New York area, with refinance rates as low as 6.50% from Hudson River Community Credit Union. Lenders below quote one rate for purchase and refinance loans. Use the tabs below to compare available loan types, then run the break-even calculator. Rates are continually updated, so we recommend checking back frequently.
Refinance rates reflect actual verified offers from lenders actively lending to New York homeowners. Your final approved rate will depend on your credit profile, loan-to-value ratio, cash-out amount, and daily market movements. Last Updated and Verified: October 6, 2026
Compare Refinance Rates Today in Madrid, New York & the Surrounding Area
Rates shown are each lender’s posted rate for that loan type, which most lenders apply to purchase and refinance loans alike. Local Madrid, NY lenders are listed first in every tab. Among lenders that post both, refinance pricing currently runs about 0.180 points above the same lender’s purchase rate nationally. That premium is shown for context only; every rate in the table is the lender’s posted rate.
Madrid 30 Year Fixed Refinance Rates
No additional details available.
- Oct 6, 20267.52%▼ from 7.53%
- Oct 2, 20267.53%▲ from 7.49%
- Oct 1, 20267.49%▲ from 7.27%
- Sep 27, 20267.27%first recorded
Rates listed include 0.125% autopay and paperless discount. Requires a Citizens consumer checking account set up at time of loan origination with automatic monthly payment deduction.
No additional details available.
Up to 1.0 points**
No additional details available.
- Sep 25, 20266.93%▲ from 6.43%
- Sep 14, 20266.43%first recorded
Margin: 2.750%; Rate Change Frequency After Initial Period: Every 5 Years; Max Per Adj. Cap: 2.00%; Lifetime Cap: 5.00%; Index: 5 Yr - CMT; Floor: 5.00%
- Oct 2, 20266.96%▲ from 6.87%
- Sep 18, 20266.87%first recorded
Up to 1.0 points**
No additional details available.
No additional details available.
No additional details available.
- Oct 2, 20267.17%▲ from 7.04%
- Sep 25, 20267.04%first recorded
You Don't Have to Pay Points on Your Mortgage!
Max Loan: $832,750; Cost/Thousand: $6.76
- Oct 1, 20267.22%▲ from 6.97%
- Sep 18, 20266.97%▲ from 6.60%
- Sep 15, 20266.60%first recorded
Lock in peace of mind for the long haul. A 30-year mortgage means lower monthly payments and lasting security. As low as
- Oct 1, 20267.25%▲ from 7.13%
- Sep 27, 20267.13%▲ from 7.00%
- Sep 22, 20267.00%▲ from 6.88%
- Sep 14, 20266.88%first recorded
No additional details available.
- Oct 1, 20267.26%▲ from 7.01%
- Sep 27, 20267.01%▲ from 6.76%
- Sep 18, 20266.76%▲ from 6.51%
- Sep 14, 20266.51%first recorded
No additional details available.
- Oct 1, 20267.26%▲ from 7.01%
- Sep 27, 20267.01%▲ from 6.76%
- Sep 18, 20266.76%▲ from 6.51%
- Sep 14, 20266.51%first recorded
No additional details available.
- Oct 1, 20267.27%▲ from 7.02%
- Sep 27, 20267.02%first recorded
No additional details available.
- Oct 1, 20267.30%▲ from 7.18%
- Sep 27, 20267.18%▲ from 6.80%
- Sep 18, 20266.80%▲ from 6.68%
- Sep 14, 20266.68%first recorded
Condition: Up to $832,750.00.
No additional details available.
- Oct 1, 20267.31%▲ from 7.30%
- Sep 27, 20267.30%▲ from 6.93%
- Sep 18, 20266.93%first recorded
No additional details available.
- Oct 1, 20267.34%▼ from 7.47%
- Sep 27, 20267.47%▲ from 7.22%
- Sep 24, 20267.22%first recorded
No additional details available.
- Oct 1, 20267.36%▲ from 7.24%
- Sep 27, 20267.24%▲ from 6.86%
- Sep 18, 20266.86%▲ from 6.61%
- Sep 14, 20266.61%first recorded
Interest Rates* As Low As
- Oct 1, 20267.40%▲ from 6.89%
- Sep 19, 20266.89%first recorded
as low as; Rate effective as of: 10/1/2026, as of 1:30 P.M.
- Oct 2, 20267.42%▲ from 7.16%
- Sep 22, 20267.16%▲ from 7.07%
- Sep 18, 20267.07%▲ from 7.04%
- Sep 14, 20267.04%first recorded
As low as
- Oct 1, 20267.50%▲ from 7.37%
- Sep 27, 20267.37%▲ from 7.12%
- Sep 18, 20267.12%▲ from 6.75%
- Sep 14, 20266.75%first recorded
Rates as low as
- Oct 2, 20267.50%▲ from 7.38%
- Oct 1, 20267.38%▲ from 7.25%
- Sep 27, 20267.25%▲ from 7.00%
- Sep 14, 20267.00%first recorded
No additional details available.
No additional details available.
- Sep 22, 20267.55%▲ from 7.31%
- Sep 14, 20267.31%first recorded
No additional details available.
- Oct 1, 20267.56%▲ from 7.43%
- Sep 27, 20267.43%▲ from 7.18%
- Sep 18, 20267.18%▲ from 6.93%
- Sep 14, 20266.93%first recorded
No additional details available.
No additional details available.
- Oct 1, 20267.57%▲ from 7.45%
- Sep 27, 20267.45%first recorded
Maximum Loan to Value: 97%*
- Oct 3, 20267.58%▲ from 7.51%
- Oct 1, 20267.51%▲ from 7.47%
- Sep 27, 20267.47%first recorded
Rates assume a NY property
- Oct 1, 20267.60%▲ from 7.47%
- Sep 27, 20267.47%▲ from 7.22%
- Sep 24, 20267.22%▲ from 7.10%
- Sep 18, 20267.10%▲ from 6.97%
No additional details available.
- Oct 2, 20267.60%▲ from 7.48%
- Sep 25, 20267.48%▲ from 7.10%
- Sep 14, 20267.10%first recorded
No additional details available.
As low as
- Oct 3, 20267.66%▲ from 7.27%
- Sep 24, 20267.27%first recorded
No additional details available.
as low as
- Oct 2, 20267.67%▲ from 7.54%
- Oct 1, 20267.54%▲ from 7.13%
- Sep 18, 20267.13%▲ from 6.87%
- Sep 14, 20266.87%first recorded
No additional details available.
No additional details available.
- Oct 3, 20267.79%▲ from 7.41%
- Sep 24, 20267.41%first recorded
No additional details available.
- Oct 1, 20267.81%▲ from 7.56%
- Sep 28, 20267.56%▲ from 7.30%
- Sep 24, 20267.30%▲ from 7.18%
- Sep 16, 20267.18%first recorded
No additional details available.
- Oct 5, 20267.83%▲ from 7.71%
- Sep 29, 20267.71%▲ from 7.27%
- Sep 14, 20267.27%first recorded
Additional APR listed for this product: 7.960%.
- Oct 1, 20267.87%▲ from 7.77%
- Sep 27, 20267.77%▲ from 7.74%
- Sep 24, 20267.74%▲ from 7.60%
- Sep 18, 20267.60%▲ from 7.47%
No additional details available.
- Oct 1, 20267.91%▲ from 7.77%
- Sep 27, 20267.77%▲ from 7.74%
- Sep 24, 20267.74%▲ from 7.60%
- Sep 18, 20267.60%▲ from 7.47%
No additional details available.
- Oct 2, 20267.91%▲ from 7.54%
- Sep 27, 20267.54%▲ from 7.29%
- Sep 18, 20267.29%▲ from 7.04%
- Sep 14, 20267.04%first recorded
No additional details available.
- Sep 27, 20267.96%▲ from 7.32%
- Sep 18, 20267.32%first recorded
No additional details available.
- Oct 1, 20268.16%▲ from 7.66%
- Sep 27, 20267.66%▲ from 7.41%
- Sep 18, 20267.41%▲ from 7.16%
- Sep 14, 20267.16%first recorded
No additional details available.
- Oct 1, 20268.34%▲ from 7.82%
- Sep 27, 20267.82%▲ from 7.44%
- Sep 18, 20267.44%first recorded
No additional details available.
- Oct 1, 20268.34%▲ from 7.82%
- Sep 27, 20267.82%▲ from 7.44%
- Sep 18, 20267.44%first recorded
No additional details available.
- Oct 1, 20268.39%▲ from 7.64%
- Sep 27, 20267.64%▲ from 7.39%
- Sep 14, 20267.39%first recorded
As Low As; Estimated Monthly Payment (P & I) (Excludes taxes and hazard insurance; actual payment will be higher)
- Oct 1, 20268.56%▲ from 8.43%
- Sep 27, 20268.43%▲ from 8.06%
- Sep 24, 20268.06%▲ from 7.68%
- Sep 18, 20267.68%▲ from 7.56%
Madrid 15 Year Fixed Refinance Rates
Rates listed include 0.125% autopay and paperless discount. Requires a Citizens consumer checking account set up at time of loan origination with automatic monthly payment deduction.
No additional details available.
- Oct 6, 20267.25%▼ from 7.34%
- Oct 2, 20267.34%▲ from 7.23%
- Oct 1, 20267.23%▲ from 7.19%
- Sep 27, 20267.19%first recorded
No additional details available.
Get peace of mind with predictable monthly payments. Both traditional and short-term options available. As low as
- Sep 27, 20266.50%▲ from 6.25%
- Sep 18, 20266.25%▲ from 6.13%
- Sep 14, 20266.13%first recorded
No additional details available.
- Oct 2, 20266.51%▲ from 6.38%
- Sep 25, 20266.38%▲ from 5.76%
- Sep 14, 20265.76%first recorded
No additional details available.
No additional details available.
No additional details available.
- Oct 1, 20266.64%▲ from 6.52%
- Sep 27, 20266.52%first recorded
Max Loan: $832,750; Cost/Thousand: $8.77
- Oct 1, 20266.67%▲ from 6.41%
- Sep 18, 20266.41%▲ from 6.15%
- Sep 15, 20266.15%first recorded
No additional details available.
- Oct 2, 20266.69%▲ from 6.57%
- Sep 25, 20266.57%first recorded
No additional details available.
- Sep 25, 20266.72%▲ from 6.09%
- Sep 14, 20266.09%first recorded
Margin: 2.250%; Rate Change Frequency After Initial Period: Annually; Max Per Adj. Cap: 2.00%; Lifetime Cap: 5.00%; Index: 1 Yr - CMT; Floor: 3.00%
- Oct 2, 20266.72%▲ from 6.54%
- Sep 25, 20266.54%first recorded
Margin: 2.250%; Rate Change Frequency After Initial Period: Annually; Max Per Adj. Cap: 2.00%; Lifetime Cap: 5.00%; Index: 1 Yr - CMT; Floor: 3.00%; Monthly Pymt Ex: $877.99
- Oct 2, 20266.72%▲ from 6.54%
- Sep 18, 20266.54%first recorded
No additional details available.
Up to 1.0 points**
5^ (1st Lien Position)
Margin: 2.250%; Rate Change Frequency After Initial Period: Annually; Max Per Adj. Cap: 2.00%; Lifetime Cap: 5.00%; Index: 1 Yr - CMT; Floor: 3.00%
- Oct 2, 20266.82%▲ from 6.67%
- Sep 25, 20266.67%first recorded
Margin: 2.250%; Rate Change Frequency After Initial Period: Annually; Max Per Adj. Cap: 2.00%; Lifetime Cap: 5.00%; Index: 1 Yr - CMT; Floor: 3.00%; Monthly Pymt Ex: $884.91
- Oct 2, 20266.82%▲ from 6.67%
- Sep 18, 20266.67%first recorded
as low as; Rate effective as of: 10/1/2026, as of 1:30 P.M.
- Oct 1, 20266.83%▲ from 6.55%
- Sep 22, 20266.55%▲ from 6.53%
- Sep 18, 20266.53%▲ from 6.43%
- Sep 14, 20266.43%first recorded
No additional details available.
- Sep 27, 20266.89%▲ from 6.77%
- Sep 24, 20266.77%first recorded
Published rate range: 6.875%-7.875%.
No additional details available.
No additional details available.
- Oct 2, 20266.96%▲ from 6.84%
- Sep 27, 20266.84%▲ from 6.59%
- Sep 18, 20266.59%▲ from 6.21%
- Sep 14, 20266.21%first recorded
No additional details available.
- Sep 27, 20266.99%▲ from 6.74%
- Sep 22, 20266.74%▲ from 6.36%
- Sep 14, 20266.36%first recorded
No additional details available.
No additional details available.
- Oct 1, 20267.00%▼ from 7.03%
- Sep 27, 20267.03%▲ from 6.65%
- Sep 18, 20266.65%first recorded
Interest Rates* As Low As
- Oct 1, 20267.11%▲ from 6.60%
- Sep 19, 20266.60%first recorded
No additional details available.
- Oct 1, 20267.14%▲ from 7.11%
- Sep 24, 20267.11%▲ from 7.01%
- Sep 18, 20267.01%▲ from 6.52%
- Sep 15, 20266.52%first recorded
No additional details available.
- Oct 2, 20267.14%▲ from 7.02%
- Sep 27, 20267.02%▲ from 6.89%
- Sep 18, 20266.89%▲ from 6.39%
- Sep 14, 20266.39%first recorded
As low as
- Oct 3, 20267.15%▲ from 6.89%
- Sep 24, 20266.89%first recorded
Maximum Loan to Value: 97%*
- Oct 3, 20267.15%▼ from 7.20%
- Oct 1, 20267.20%▲ from 7.08%
- Sep 27, 20267.08%first recorded
No additional details available.
- Oct 1, 20267.15%▼ from 7.28%
- Sep 27, 20267.28%▲ from 6.90%
- Sep 18, 20266.90%▲ from 6.65%
- Sep 15, 20266.65%first recorded
No additional details available.
- Oct 1, 20267.22%▲ from 7.09%
- Sep 27, 20267.09%▲ from 6.84%
- Sep 18, 20266.84%▲ from 6.47%
- Sep 14, 20266.47%first recorded
No additional details available.
- Oct 1, 20267.22%▲ from 7.09%
- Sep 27, 20267.09%▲ from 6.84%
- Sep 18, 20266.84%▲ from 6.47%
- Sep 14, 20266.47%first recorded
No additional details available.
- Oct 1, 20267.39%▲ from 7.11%
- Sep 24, 20267.11%▲ from 7.01%
- Sep 18, 20267.01%▲ from 6.52%
- Sep 15, 20266.52%first recorded
No additional details available.
- Oct 5, 20267.45%▲ from 7.33%
- Sep 29, 20267.33%▲ from 6.90%
- Sep 14, 20266.90%first recorded
No additional details available.
- Oct 1, 20267.61%▲ from 7.21%
- Sep 28, 20267.21%▲ from 7.09%
- Sep 24, 20267.09%▲ from 6.84%
- Sep 16, 20266.84%first recorded
No additional details available.
- Oct 3, 20267.64%▲ from 7.25%
- Sep 24, 20267.25%first recorded
No additional details available.
- Oct 1, 20267.66%▲ from 7.60%
- Sep 27, 20267.60%▲ from 7.57%
- Sep 18, 20267.57%first recorded
No additional details available.
- Oct 1, 20267.75%▲ from 7.69%
- Sep 27, 20267.69%▲ from 7.64%
- Sep 18, 20267.64%first recorded
As Low As; Estimated Monthly Payment (P & I) (Excludes taxes and hazard insurance; actual payment will be higher)
- Sep 27, 20268.09%▲ from 7.97%
- Sep 18, 20267.97%▲ from 7.60%
- Sep 15, 20267.60%first recorded
As low as
- Oct 3, 20268.66%▼ from 8.79%
- Oct 1, 20268.79%▲ from 8.40%
- Sep 15, 20268.40%first recorded
Madrid 5/1 ARM Refinance Rates
No additional details available.
Published rate range: 5.90 - 6.25.
- Oct 5, 20265.90%▲ from 5.60%
- Sep 17, 20265.60%▲ from 5.15%
- Sep 14, 20265.15%first recorded
Published rate range: 6.00 - 6.35.
- Oct 5, 20266.00%▲ from 5.75%
- Sep 17, 20265.75%▲ from 5.45%
- Sep 14, 20265.45%first recorded
Enjoy a low initial rate that adjusts with the market. Various terms and options available. As low as
- Oct 1, 20266.13%▲ from 5.63%
- Sep 18, 20265.63%▲ from 5.50%
- Sep 14, 20265.50%first recorded
As low as
- Oct 1, 20266.25%▲ from 6.12%
- Sep 27, 20266.12%▲ from 5.87%
- Sep 18, 20265.87%▲ from 5.50%
- Sep 14, 20265.50%first recorded
Max LTV: 75% Refi., Cashout or Purch.; Max Amort.: 30 years
First Cap: +/- 2.00%; Subsequent Cap: +/- 1.00%; Lifetime Cap: +/- 5.00%
- Oct 6, 20266.44%▼ from 6.75%
- Oct 1, 20266.75%▲ from 6.50%
- Sep 27, 20266.50%first recorded
No additional details available.
- Oct 1, 20266.45%▲ from 6.35%
- Sep 24, 20266.35%▲ from 6.20%
- Sep 19, 20266.20%first recorded
No additional details available.
- Oct 1, 20266.45%▲ from 6.40%
- Sep 27, 20266.40%first recorded
The total repayment term for this ARM loan is 30 years or 360 payments. For the first 60 months the payment will be $1,015.93 with a corresponding interest rate of 6.250%; for the remaining 300 months, the estimated payment will be $1,537.36 with a corresponding interest rate of 11.250%. The interest rate and monthly payment amount may vary after the first 60 months.
- Oct 1, 20266.50%▲ from 6.23%
- Sep 27, 20266.23%first recorded
For the first 60 months the payment will be $1,015.93 with a corresponding interest rate of 5.750%; for the remaining 300 months, the estimated payment will be $1,537.36 with a corresponding interest rate of 11.250%. The interest rate and monthly payment amount may vary after the first 60 months.
- Oct 1, 20266.50%▲ from 6.23%
- Sep 15, 20266.23%first recorded
Amount: $1,266.44
Max Loan: $832,750; Cost/Thousand: $6.02; Adjustable Rate Mortgage (ARM) interest rates and payments are subject to increase after the initial fixed-rate period (5/6 = 60 months fixed; after the fixed period, the interest rate will adjust once every six months).
- Oct 1, 20266.64%▲ from 6.51%
- Sep 18, 20266.51%▲ from 6.44%
- Sep 15, 20266.44%first recorded
5/1 Arm (30-Year)
As Low As
Maximum Loan to Value 89%
Maximum Loan to Value: 89%
- Sep 27, 20266.72%▲ from 6.67%
- Sep 24, 20266.67%first recorded
As low as
- Oct 1, 20266.73%▲ from 6.65%
- Sep 15, 20266.65%first recorded
No additional details available.
- Oct 2, 20266.75%▲ from 6.38%
- Sep 18, 20266.38%first recorded
Up to 1.0 points**
Published rate range: 6.75 - 7.10.
- Sep 17, 20266.75%▲ from 6.45%
- Sep 14, 20266.45%first recorded
No additional details available.
Margin: 2.250%; Rate Change Frequency After Initial Period: Annually; Max Per Adj. Cap: 2.00%; Lifetime Cap: 5.00%; Index: 1 Yr - CMT; Floor: 3.00%
- Oct 2, 20266.76%▲ from 6.33%
- Sep 25, 20266.33%first recorded
Margin: 2.250%; Rate Change Frequency After Initial Period: Annually; Max Per Adj. Cap: 2.00%; Lifetime Cap: 5.00%; Index: 1 Yr - CMT; Floor: 3.00%; Monthly Pymt Ex: $623.87
- Oct 2, 20266.76%▲ from 6.33%
- Sep 17, 20266.33%first recorded
As low as
- Oct 3, 20266.78%▲ from 6.73%
- Sep 24, 20266.73%▼ from 6.96%
- Sep 19, 20266.96%▲ from 6.73%
- Sep 15, 20266.73%first recorded
As low as
- Oct 1, 20266.78%▲ from 6.73%
- Sep 19, 20266.73%first recorded
As low as
- Oct 1, 20266.81%▲ from 6.73%
- Sep 15, 20266.73%first recorded
Conform / Jumbo: Up to $806,500
- Oct 5, 20266.86%▲ from 6.57%
- Sep 14, 20266.57%first recorded
No additional details available.
- Oct 1, 20266.94%▲ from 6.88%
- Sep 24, 20266.88%▼ from 7.00%
- Sep 15, 20267.00%first recorded
As low as
- Oct 1, 20266.98%▲ from 6.89%
- Sep 27, 20266.89%▲ from 6.84%
- Sep 24, 20266.84%▲ from 6.69%
- Sep 18, 20266.69%first recorded
As low as
- Oct 1, 20267.02%▲ from 6.96%
- Sep 15, 20266.96%first recorded
No additional details available.
No additional details available.
- Oct 2, 20267.05%▲ from 6.68%
- Sep 25, 20266.68%first recorded
Conform / Jumbo: Over $806,500
- Oct 5, 20267.06%▲ from 6.74%
- Sep 14, 20266.74%first recorded
as low as; Rate effective as of: 10/1/2026, as of 1:30 P.M.
- Oct 2, 20267.07%▲ from 6.78%
- Sep 18, 20266.78%first recorded
Cap Per Adj: 1.50%; Lifetime Cap: 12.250%; Margin: 2.75%
- Sep 24, 20267.11%▲ from 6.97%
- Sep 19, 20266.97%first recorded
Cap Per Adj: 1.50%; Lifetime Cap: 12.250%; Margin: 2.75%
No additional details available.
As low as
- Oct 1, 20267.16%▲ from 7.05%
- Sep 24, 20267.05%first recorded
No additional details available.
- Oct 1, 20267.16%▲ from 6.91%
- Sep 27, 20266.91%▲ from 6.66%
- Sep 18, 20266.66%▲ from 6.41%
- Sep 14, 20266.41%first recorded
No additional details available.
- Oct 4, 20267.19%▼ from 7.31%
- Oct 2, 20267.31%▲ from 7.06%
- Sep 25, 20267.06%▲ from 7.01%
- Sep 18, 20267.01%▲ from 6.61%
No additional details available.
- Oct 1, 20267.19%▲ from 7.07%
- Sep 27, 20267.07%▲ from 6.94%
- Sep 18, 20266.94%▲ from 6.82%
- Sep 15, 20266.82%first recorded
No additional details available.
- Oct 1, 20267.21%▼ from 7.23%
- Sep 24, 20267.23%▼ from 7.26%
- Sep 19, 20267.26%▼ from 7.27%
- Sep 15, 20267.27%first recorded
No additional details available.
- Oct 1, 20267.25%▲ from 7.00%
- Sep 27, 20267.00%▲ from 6.75%
- Sep 18, 20266.75%▲ from 6.50%
- Sep 14, 20266.50%first recorded
Cap Per Adj: 1.50%; Lifetime Cap: 12.500%; Margin: 3.00%
- Sep 24, 20267.36%▲ from 6.97%
- Sep 19, 20266.97%first recorded
Cap Per Adj: 1.50%; Lifetime Cap: 12.500%; Margin: 3.00%
No additional details available.
- Sep 24, 20267.38%▲ from 7.00%
- Sep 15, 20267.00%first recorded
Maximum Loan to Value 89%
Maximum Loan to Value: 89%
- Sep 27, 20267.42%▲ from 7.30%
- Sep 24, 20267.30%first recorded
No additional details available.
- Oct 1, 20267.53%▼ from 7.55%
- Sep 24, 20267.55%▲ from 7.26%
- Sep 19, 20267.26%▼ from 7.27%
- Sep 15, 20267.27%first recorded
Madrid 30-Year Jumbo Refinance Rates
Term: 3/1 year ARM (30 year payout); Up to 1.0 points**
Term: 7/1 year ARM (30 year payout); Up to 1.0 points**
Up to 1.0 points**
Up to 1.0 points**
Payment Example: 3/5 Jumbo ARM Payment Example
- Oct 6, 20266.87%▲ from 6.77%
- Sep 30, 20266.77%first recorded
Finance higher-priced homes without a large down payment or multiple mortgages. As low as
- Oct 1, 20267.13%▲ from 6.88%
- Sep 18, 20266.88%▲ from 6.63%
- Sep 14, 20266.63%first recorded
as low as; Rate effective as of: 10/1/2026, as of 1:30 P.M.
- Oct 2, 20267.27%▲ from 7.02%
- Sep 18, 20267.02%first recorded
No additional details available.
- Oct 1, 20267.52%▲ from 7.39%
- Sep 27, 20267.39%▲ from 7.14%
- Sep 18, 20267.14%▲ from 6.89%
- Sep 14, 20266.89%first recorded
No additional details available.
No additional details available.
- Sep 27, 20267.77%▲ from 7.39%
- Sep 18, 20267.39%first recorded
Madrid 15-Year Jumbo Refinance Rates
Up to 1.0 points**
No additional details available.
- Oct 2, 20266.53%▲ from 6.40%
- Sep 27, 20266.40%▲ from 6.15%
- Sep 18, 20266.15%▲ from 5.78%
- Sep 14, 20265.78%first recorded
No additional details available.
Madrid 5/1 Jumbo ARM Refinance Rates
Term: 5/1 year ARM (30 year payout); Up to 1.0 points**
Payment Example: 5/5 Jumbo ARM Payment Example
- Oct 6, 20266.83%▲ from 6.75%
- Sep 30, 20266.75%first recorded
No additional details available.
Madrid FHA Loan Rates
No additional details available.
- Sep 22, 20267.55%▲ from 7.31%
- Sep 14, 20267.31%first recorded
No additional details available.
- Oct 1, 20267.57%▲ from 7.45%
- Sep 27, 20267.45%first recorded
No additional details available.
- Oct 1, 20267.75%▲ from 7.69%
- Sep 27, 20267.69%▲ from 7.64%
- Sep 18, 20267.64%first recorded
As Low As; Estimated Monthly Payment (P & I) (Excludes taxes and hazard insurance; actual payment will be higher)
- Sep 27, 20268.09%▲ from 7.97%
- Sep 18, 20267.97%▲ from 7.60%
- Sep 15, 20267.60%first recorded
No additional details available.
- Oct 1, 20268.34%▲ from 7.82%
- Sep 27, 20267.82%▲ from 7.44%
- Sep 18, 20267.44%first recorded
No additional details available.
- Oct 1, 20268.34%▲ from 7.82%
- Sep 27, 20267.82%▲ from 7.44%
- Sep 18, 20267.44%first recorded
As Low As; Estimated Monthly Payment (P & I) (Excludes taxes and hazard insurance; actual payment will be higher)
- Oct 1, 20268.56%▲ from 8.43%
- Sep 27, 20268.43%▲ from 8.06%
- Sep 24, 20268.06%▲ from 7.68%
- Sep 18, 20267.68%▲ from 7.56%
No additional details available.
- Oct 1, 20268.71%▲ from 8.33%
- Sep 27, 20268.33%▲ from 8.06%
- Sep 24, 20268.06%▲ from 7.95%
- Sep 19, 20267.95%▲ from 7.82%
Madrid VA Loan Rates
No additional details available.
- Oct 1, 20267.66%▲ from 7.60%
- Sep 27, 20267.60%▲ from 7.57%
- Sep 18, 20267.57%first recorded
No additional details available.
- Sep 27, 20267.96%▲ from 7.32%
- Sep 18, 20267.32%first recorded
No additional details available.
- Oct 1, 20268.16%▲ from 7.66%
- Sep 27, 20267.66%▲ from 7.41%
- Sep 18, 20267.41%▲ from 7.16%
- Sep 14, 20267.16%first recorded
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
National Refinance Rate Averages
Daily averages of posted rates across every lender we track, as of October 6, 2026. Use these as the benchmark for the Madrid, New York quotes above; lenders that price refinances separately currently run about 0.180 points higher.
Madrid, NY Refinance Rate Trends
Compare local Madrid, NY refinance quotes against the statewide average
Daily averages of posted first-mortgage rates across our lender network, updated every evening. Because most lenders price purchase and refinance loans identically, this is the benchmark a New York refinance quote should be measured against, plus roughly 0.180 points at lenders that price refinances separately.
New York 30-year fixed rates rose 0.158 points over the past 7 days to 7.467%.
New York 15-year fixed rates rose 0.102 points over the past 7 days to 6.986%.
What Madrid, NY Homeowners Actually Pay to Refinance
Posted refinance rates from our lender network alongside the rates borrowers closed at, from federal HMDA filings
Two different measures. The refinance premium is computed nightly from lenders that publish separate purchase and refinance pricing. HMDA figures are median note rates on loans that actually closed.
New York Refinance Rate Forecast, Next 12 Months
Where are New York refinance rates headed through October 2027?
Based on Fed funds rate futures, 10-year Treasury path, and historical mortgage spread model. If the forecast shows rates falling, waiting may beat refinancing today; the break-even calculator below shows what each scenario is worth. Not financial advice.
What Forecast Rates Mean for Madrid, NY Homeowners Refinancing
Monthly principal & interest on a 30-year refinance of the loan of $111,280 (80% of the city median home value). Payment differences show what waiting for the forecast rate would be worth each month.
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (NY avg) | 7.467% | $776 | 13.6% | |
| 6-Month Forecast | 7.467% (7.12, 7.77%) | $776 | +$0/mo | 13.6% |
| 12-Month Forecast | 7.717% (7.37, 8.02%) | $795 | +$19/mo | 14% |
Income column = annual mortgage payment as % of Madrid, NY median household income ($68,333). Above 30% is generally considered cost-burdened.
Madrid, New York Refinance Break-Even Calculator
Enter your current loan and the refinance rate you have been quoted. The calculator shows the new payment, monthly savings, and how many months it takes for those savings to pay back the closing costs. Click a current Madrid, New York rate on the right to test it instantly.
Principal and interest only. Excludes escrow, mortgage insurance, and any prepayment penalty on the current loan. Lifetime interest compares the remaining interest on the current loan to total interest on the new loan. Estimates are for informational purposes only.
Run the Numbers on Your Madrid, New York Refinance
The rate is only part of the decision. Use these calculators to turn current Madrid, New York home refinance rates into monthly savings, break-even months, and total interest before you talk to a lender.
If you already own a home, enter your current rate, remaining loan balance, and the rate you’ve been quoted to refinance. The calculator shows your new monthly payment, how much you’d save each month, and the break-even point, the number of months it takes for your savings to cover the closing costs of refinancing.
CalculateEnter your loan amount, interest rate, and term length to see your estimated monthly principal and interest payment. Adjust any variable to model different scenarios: a larger down payment, a shorter term, or a rate a quarter-point lower than what you were quoted.
CalculateIf your goal is cash rather than a lower rate, compare current Madrid, New York home equity loan and HELOC rates against a cash-out refinance. Keeping a low existing first mortgage and adding a second lien is often the cheaper path, especially for loans originated between 2020 and 2022.
CompareTell us your gross income, monthly debt obligations, and how much you have for a down payment. We’ll show you the home price range you’re likely to qualify for at current Madrid, New York rates, so you can shop with a realistic number in mind rather than discovering your ceiling after you’ve fallen in love with a property.
CalculateTypes of Refinance Loans Available in Madrid, New York
Homeowners in Madrid, New York can choose from several refinance programs. The right one depends on what you are trying to do: lower the rate, shorten the term, pull cash out, or drop mortgage insurance. Pricing, appraisal requirements, and eligibility differ across each, and the cheapest program is not always the lowest posted rate once fees are counted.
Rate-and-Term Refinance
The standard refinance. You replace your existing mortgage with a new loan for about the same balance, changing only the rate, the term, or both. It is the lowest-priced refinance product at nearly every New York lender because the loan-to-value ratio does not rise.
Best for homeowners whose rate is at least half a point above today’s Madrid, New York average and who plan to stay past the break-even point. Choosing a term that matches your remaining years, rather than resetting to 30, keeps the payoff date where it is.
Cash-Out Refinance
A cash-out refinance replaces your mortgage with a larger one and hands you the difference at closing. Conventional lenders cap the new loan at 80% of appraised value; VA cash-out loans go to 90%. Rates run above rate-and-term pricing.
If you hold a low rate from 2020 to 2022, a home equity loan or HELOC in Madrid, New York usually costs less than refinancing the whole balance at today’s rate to pull out cash.
FHA Streamline Refinance
For homeowners already in an FHA loan. No appraisal, no income verification, and limited credit review, as long as the new loan produces a net tangible benefit (generally a rate at least 0.5% lower, or a move from an ARM to a fixed rate). You need 210 days since the first payment and six on-time payments.
The upfront mortgage insurance premium is reduced to 0.01% and annual MIP continues, so FHA borrowers with 20% equity and good credit should also price a conventional rate-and-term refinance, which drops mortgage insurance entirely.
VA IRRRL (Streamline Refinance)
The Interest Rate Reduction Refinance Loan lets veterans refinance an existing VA loan with no appraisal, no income documentation, and a funding fee of just 0.5% (waived for borrowers with a service-connected disability). Closing costs can be rolled into the loan.
The new rate must be lower than the current one unless you are moving from an ARM to a fixed rate, and you must recoup closing costs within 36 months. VA lenders in New York quote IRRRL pricing separately, so ask for it by name.
USDA Streamlined-Assist Refinance
For homeowners with an existing USDA Rural Development loan. No appraisal or credit review in most cases, and the new payment must be at least $50 a month lower than the current one. The property no longer has to meet the rural eligibility map.
Twelve months of on-time payments are required, and the 1% upfront guarantee fee plus the annual fee apply to the new loan.
Jumbo Refinance
The 2026 FHFA conforming loan limit for Madrid, New York is $832,750. A refinance above that amount is a jumbo loan and stays on the lender’s books or goes to private investors, so pricing and underwriting are set lender by lender.
Jumbo refinances usually require a 700 or higher credit score, reserves of six to twelve months of payments, and a loan-to-value of 80% or less. Because balances are large, even a quarter-point rate difference is worth thousands a year, so compare the 30-Year Jumbo and 15-Year Jumbo tabs above closely. If paying the balance down to the conforming limit at closing is possible, conforming refinance pricing is often noticeably better.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Madrid, New York refinance rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Refinance Rate Data: We aggregate mortgage and refinance rates for Madrid, New York directly from the official websites of local lenders, credit unions, and national mortgage originators using our proprietary rate aggregation technology and a dedicated team of rate updaters. Where a lender publishes a product specifically for refinancing, that product is listed by name; where a lender publishes one rate sheet for purchase and refinance loans, that rate is shown as the refinance rate, which is how the lender itself quotes it.
Refinance Premium and HMDA Figures: The refinance premium is the average difference between a lender’s refinance-labeled product and the same lender’s standard product of the same term, computed nightly across lenders that publish both. It is shown for context and is never added to any rate in the tables. HMDA figures are median note rates on first-lien, owner-occupied, one-to-four-unit loans originated in the most recent reporting year, from the Consumer Financial Protection Bureau’s public Loan/Application Register.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in Madrid, New York. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national originators available to borrowers in NY.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage and refinance rates daily. Because rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you compare rates from secure, reliable lenders.
How a Mortgage Refinance Works in Madrid, New York
A refinance pays off your current mortgage with a new loan on the same Madrid, New York home. The new lender wires the payoff to the old lender at closing, and from that point you make payments on the new loan only. Because it is a brand-new mortgage, you go through an application, credit check, and usually an appraisal, and you pay closing costs, just as you did when you bought the home.
How Madrid, New York Refinance Rates Compare to Purchase Rates
Most New York banks and credit unions post one rate sheet that applies to purchase and refinance loans alike, which is why the tables above show the same lenders you will find on our Madrid, New York mortgage rates page. For example, TEG Federal Credit Union is listing a Conventional Mortgage & Refinance - 30 Year Fixed at 7.375% for either purpose. Some lenders price refinances separately and list them by name, such as Citizens Bank’s 15-Year Fixed Rate Mortgage Refinance at 6.75%. Across lenders that post both, refinance pricing currently runs about 0.180 points above the same lender’s purchase rate nationally. Cash-out refinances, investment properties, and second homes carry pricing add-ons at every lender.
Finding Your Break-Even Point in Madrid, New York
Divide total closing costs by the monthly payment savings and you get the number of months until the refinance has paid for itself. A Madrid, New York homeowner who expects to sell before that month should not refinance, no matter how good the rate looks. The calculator above runs this math with today’s local rates. A shorter break-even, under three years, is a comfortable margin; anything past five years needs a long stay to pay off.
Refinance Closing Costs and No-Closing-Cost Loans in Madrid, New York
Refinance closing costs in New York typically run two to five percent of the loan and include the lender’s origination fee, appraisal, title search and lender’s title policy, recording fees, and prepaid interest. Discount points are optional and buy the rate down. A no-closing-cost refinance rolls the fees into a higher rate or the loan balance. It is not free, but it can be the better choice for a homeowner likely to move or refinance again within a few years, because there is nothing to recoup.
When Madrid, New York Homeowners Should Wait
Refinancing rarely pays when the new rate is less than half a point below the current one, when you are more than ten years into a 30-year loan and would reset the clock, or when your credit score has dropped since the original loan. Homeowners holding a rate from 2020 to 2022 are usually better served by keeping that loan and using a home equity loan or HELOC for cash needs. Our New York refinance rate trends above show where rates have been over the past 90 days, and the forecast gives a sense of where they may head, so you can decide whether to lock now or wait.
Frequently Asked Questions about Refinance Rates in Madrid, New York
What are home loan refinance rates in Madrid, NY today?
Are refinance rates higher than purchase mortgage rates in New York?
When does refinancing make sense in Madrid, New York?
How soon can I refinance a mortgage in New York?
What is a rate-and-term refinance?
What is a cash-out refinance?
Does refinancing reset my 30-year term?
What are typical refinance closing costs in New York?
What is the difference between interest rate and APR on a refinance?
Should I lock my refinance rate?
How do I find the best refinance lender in Madrid, New York?
What are the best refinance rates in Madrid, New York?
- TEG Federal Credit Union: 7.375% (Conventional Mortgage & Refinance - 30 Year Fixed)
- Citizens Bank: 7.75% (30-Year Fixed Rate Mortgage Refinance)
- Hudson River Community Credit Union: 6.50% (30-year fixed)
- Ukrainian National Federal Credit Union: 6.75% (Investment Property Mortgage (1-4 Family Residential Properties) - 5/1 ARM / 15 Yr Balloon (30 Yr Amortization))
- Peoples Alliance Federal Credit Union: 6.875% (30 Year Fixed Mortgage)
Madrid, New York Rates & Resources
