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

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


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

News on Mortgages and Reverse Mortgages for Newark, New Jersey 07199