Compare Today’s Mortgage Rates for Newark, New Jersey
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Newark, New Jersey 07199. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $10,318 or $29 / month in Newark and surrounding areas of Union county.
Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Newark, New Jersey 07199.
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Summary of Average Mortgage Terms in Newark, New Jersey 07199
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Newark, NJ 07199, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.
Historical Mortgage Rates for Newark, New Jersey 07199 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Newark, New Jersey and around Union county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 88.50% | 75.00% | 73.91% | 82.78% | 85.77% | 81.31% | 86.36% | 86.96% |
| avg mortgage rate | 4.93% | 4.59% | 3.87% | 3.94% | 4.43% | 4.10% | 3.91% | 4.08% |
| % 15 year fixed mortgage | 8.50% | 19.87% | 25.36% | 12.44% | 11.46% | 16.26% | 12.24% | 7.61% |
| avg mortgage rate | 4.25% | 3.81% | 3.25% | 3.08% | 3.55% | 3.29% | 3.07% | 3.21% |
| Avg credit score | 763.45 | 772.00 | 771.72 | 768.82 | 762.73 | 767.19 | 752.30 | 760.78 |
| Avg LTV (loan to value) | 72.97% | 72.17% | 75.97% | 76.47% | 77.74% | 78.57% | 80.29% | 76.32% |
| Avg DTI (debt to income) | 32.23 | 32.13 | 31.36 | 31.36 | 32.34 | 31.60 | 33.74 | 33.53 |
| % First time homebuyer | 18.00% | 13.46% | 13.04% | 19.62% | 17.00% | 17.65% | 16.43% | 10.87% |
| Avg mortgage insurance % | 2.29% | 1.74% | 5.70% | 5.22% | 8.42% | 6.79% | 9.92% | 7.51% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Newark, New Jersey 07199
If you’re looking to buy a new home in Newark, we have compiled a list of the leading mortgage brokers around Newark, New Jersey 07199 to help you with your search.
Name
Address
Contact
Jersey Acceptance Co.
654 Bergen St
Newark NJ 07199
(973) 824-9172
Officescape Sherlise
14-16 Homestead Park
Newark NJ 07199
(973) 878-3319
Morpholytics
105 Lock St
Newark NJ 07199
(973) 286-0806
http://www.morpholytics.com
Miler Finance
71 Broadway
Newark NJ 07199
(973) 483-2090
First Residential Mortgage
1 Bloomfield Ave
Newark NJ 07199
(973) 350-7776
egalvan@firstresmortgage.com
Address
654 Bergen St
Newark NJ
Contact
(973) 824-9172
Address
14-16 Homestead Park
Newark NJ
Contact
(973) 878-3319
Address
105 Lock St
Newark NJ
Contact
(973) 286-0806
http://www.morpholytics.com