The average mortgage interest rate in N.Y. is higher than the rest of the nation. Heres why. [Video]

STATEN ISLAND, N.Y. — If you’re in the market for a new home, tracking mortgage rates is a top priority. But did you know that those interest markers vary greatly depending on where you purchase your home?

“The housing market in the United States is a patchwork of regional dynamics, with significant variations in mortgage rates, real-estate tax burdens, and median home values from state to state,” notes a new analysis by business consulting firm Flatworld Solutions.

Using data from the Consumer Financial Protection Bureau, Flatworld determined that with an average of 7.55%, Texas offers the nation’s best mortgage rates followed closely by Florida, Georgia and North Carolina. Conversely, in 27 states – including New York – the mortgage rate currently hovers at 7.875%.

“The disparity between the lowest and highest interest rates accumulates over 30 years,” the report continues. “A homeowner in Texas will pay $30,000 less in interest compared to …