What Mortgage Rate Should I Get With a 760+ Credit Score and 15% Down in New York? (2026)
Last Updated: April 2026 · Data: Optimal Blue OBMMI via Federal Reserve FRED API
2026 Market Benchmark
Competitive Range
6.750% – 7.250%
Above Market
Above 7.250%
Source: Optimal Blue OBMMI via Federal Reserve (FRED) · Based on 760+ credit, 15% down, New York
Your Borrower Profile
Credit Score
760+
Excellent credit — qualifies for best available rates
Down Payment
15%
85% LTV · PMI likely required
State
New York
Rates can vary slightly by state due to local market conditions and lender competition
What Counts as Competitive?
Competitive: 6.750% – 7.250%
Within normal market variation. Acceptable to close without pushback, though shopping a second lender is always worthwhile.
Slightly Above: 7.250% – 7.500%
Above the competitive band. Request a rate match from a competing lender and use it as leverage with your preferred lender.
Significantly Above: Over 7.500%
This rate is substantially higher than market. Get at least two additional quotes before proceeding — the difference over 30 years is significant.
Negotiation Leverage for This Profile
With excellent credit (760+) and 15% down, you are a low-risk borrower and have strong negotiating leverage. Lenders compete for your business.
Rate Checker
Have a rate quote? Check if it's competitive.
FairRate compares your rate against the Optimal Blue OBMMI benchmark for your exact credit score, down payment, and state — and gives you word-for-word negotiation language.
Check My Rate — $19