What current mortgage rates are people experiencing? Is 6.8% unusually high?

Real Estate Investment and Finance
1

I’m buying my first home, specifically a unit in an NYC co-op. I know interest rates can be steep for these types of properties, but I’ve been quoted 6.8% (fixed for 30 years, no points, with a 750 credit score and a 20% down payment), which feels somewhat elevated. What are your thoughts? What rates are you all encountering?

Additional Details: The apartment is priced around $650,000 and the monthly maintenance (including taxes) is approximately $1,500. I’m considering a 30-year conventional fixed-rate mortgage.

2

hey leo! rates in the 6%'s seem pretty common these days, expecially with rising rates everywhere. a friend got a 6.5% recently for a similer unit in brooklyn but with more points. market volatile rn; maybe it’ll drop, maybe not. just gotta find ur comfort level? good luck :+1: