Compare Today’s Mortgage Rates in Edison, New Jersey 08817
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Edison, New Jersey 08817.
Our search engine thoroughly explores all home mortgage options in Edison, New Jersey 08817, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $46,898 in lifetime cash or $130 per month in Edison and other areas of Middlesex county.
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Summary of Average Mortgages in Edison, New Jersey 08817
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Edison, New Jersey 08817
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Edison, NJ 08817. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Edison, New Jersey 08817 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Edison, New Jersey and around Middlesex county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed mortgage | 95.08% | 90.87% | 87.30% | 88.93% | 84.85% | 82.49% | 76.80% | 84.17% | 75.76% |
avg mortgage rate | 6.67% | 4.71% | 3.08% | 3.53% | 4.61% | 4.71% | 4.26% | 4.01% | 4.10% |
% 15 year fixed mortgage | 3.28% | 7.60% | 10.48% | 9.84% | 11.62% | 15.25% | 19.20% | 14.17% | 21.97% |
avg mortgage rate | 5.56% | 4.01% | 2.42% | 2.82% | 3.76% | 4.02% | 3.47% | 3.23% | 3.33% |
Avg credit score | 745.38 | 788.40 | 759.43 | 761.89 | 758.03 | 749.38 | 757.24 | 757.14 | 761.80 |
Avg LTV (loan to value) | 76.39% | 77.91% | 79.46% | 80.49% | 79.55% | 76.41% | 77.98% | 80.20% | 77.36% |
Avg DTI (debt to income) | 34.33 | 34.95 | 32.98 | 32.92 | 33.70 | 33.68 | 31.79 | 31.63 | 30.21 |
% First time homebuyer | 22.95% | 18.63% | 20.32% | 14.34% | 17.17% | 21.47% | 10.40% | 15.00% | 15.15% |
Avg mortgage insurance % | 10.98% | 9.22% | 9.37% | 9.89% | 9.60% | 7.99% | 5.47% | 8.06% | 6.27% |
Best Mortgage Brokers around Edison, New Jersey 08817
For those searching for a new home in Edison, we have compiled a list of the top mortgage brokers located in and around Edison, New Jersey 08817 to assist you with your search.
Name
Address
Contact
Artesia Mortgage Capital
33 Wood Ave
Edison NJ 08817
(732) 744-3371
Sequoia Systems
6 Firethorn Dr
Edison NJ 08817
(908) 447-3363
Parkway Mortgage
1628 Oak Tree Rd
Edison NJ 08817
(732) 321-1000
Cornestone Capital Financial Services
2 Maryland Ave
Edison NJ 08817
(732) 767-1770
Payless Mortgage
75 State Route 27
Edison NJ 08817
(732) 452-9000
http://paylessmortgage.com
Address
33 Wood Ave
Edison NJ
Contact
(732) 744-3371
Address
6 Firethorn Dr
Edison NJ
Contact
(908) 447-3363
Address
1628 Oak Tree Rd
Edison NJ
Contact
(732) 321-1000