Compare Today’s Mortgage Rates in Montclair, New Jersey 07043
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Montclair, New Jersey 07043.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $41,867 over the lifetime of your 30-year fixed loan, or a monthly savings of $116 in Montclair and other areas of Essex county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Montclair, New Jersey 07043
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Montclair, New Jersey 07043
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Montclair, NJ 07043. 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 Montclair, New Jersey 07043 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Montclair, New Jersey and around Essex 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 | 87.83% | 92.87% | 90.81% | 90.75% | 85.98% | 85.92% | 88.32% | 89.90% | |
avg mortgage rate | 4.23% | 3.98% | 4.13% | 4.49% | 4.00% | 3.94% | 4.72% | 5.01% | |
% 15 year fixed mortgage | 9.21% | 6.23% | 7.23% | 8.11% | 12.73% | 12.61% | 8.63% | 7.45% | |
avg mortgage rate | 3.30% | 3.13% | 3.32% | 3.60% | 3.15% | 3.35% | 4.01% | 4.35% | |
Avg credit score | 745.51 | 745.24 | 752.47 | 750.75 | 752.94 | 756.07 | 758.05 | 750.68 | |
Avg LTV (loan to value) | 79.79% | 81.48% | 80.60% | 80.45% | 79.23% | 78.48% | 75.89% | 75.73% | |
Avg DTI (debt to income) | 34.33 | 34.13 | 33.07 | 32.48 | 32.36 | 31.57 | 32.74 | 32.85 | |
% First time homebuyer | 30.59% | 27.63% | 27.08% | 30.44% | 28.23% | 21.41% | 21.83% | 30.77% | |
Avg mortgage insurance % | 10.72% | 12.01% | 11.55% | 10.97% | 9.76% | 8.53% | 6.18% | 4.40% |
Best Mortgage Brokers around Montclair, New Jersey 07043
For those searching for a new home in Montclair, we have compiled a list of the top mortgage brokers located in and around Montclair, New Jersey 07043 to assist you with your search.
Name
Address
Contact
Wells Fargo Home Mortgage
40 Bentley Pl
Montclair NJ 07043
(973) 744-3457
http://www.wellsfargo.com/mortgage/
M & L Com
1272 Valley Rd
Montclair NJ 07043
(973) 509-1903
Integrated Resources Equity
79 Midland Ave
Montclair NJ 07043
(973) 744-3410
Countrywide Draperies & Blinds
220 Bloomfield Ave
Montclair NJ 07043
(973) 509-1968
Meridian Asset Finance
7 N Willow St
Montclair NJ 07043
(973) 509-8200
http://meridianinvestments.com
Address
40 Bentley Pl
Montclair NJ
Contact
(973) 744-3457
http://www.wellsfargo.com/mortgage/
Address
1272 Valley Rd
Montclair NJ
Contact
(973) 509-1903
Address
79 Midland Ave
Montclair NJ
Contact
(973) 744-3410