Compare Today’s Mortgage Rates in Newark, New Jersey 07198
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Newark, New Jersey 07198.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Newark, New Jersey 07198. For a 30-year fixed loan, our calculations show that you can expect to save up to $24,406 over the lifetime of your mortgage, which translates to a monthly savings of $68 in Newark and other areas of Essex county.
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Summary of Average Mortgages in Newark, New Jersey 07198
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Newark, New Jersey 07198
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Newark, NJ 07198. 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 Newark, New Jersey 07198 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Newark, 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 | 86.96% | 86.36% | 81.31% | 85.77% | 82.78% | 73.91% | 75.00% | 88.50% | |
avg mortgage rate | 4.08% | 3.91% | 4.10% | 4.43% | 3.94% | 3.87% | 4.59% | 4.93% | |
% 15 year fixed mortgage | 7.61% | 12.24% | 16.26% | 11.46% | 12.44% | 25.36% | 19.87% | 8.50% | |
avg mortgage rate | 3.21% | 3.07% | 3.29% | 3.55% | 3.08% | 3.25% | 3.81% | 4.25% | |
Avg credit score | 760.78 | 752.30 | 767.19 | 762.73 | 768.82 | 771.72 | 772.00 | 763.45 | |
Avg LTV (loan to value) | 76.32% | 80.29% | 78.57% | 77.74% | 76.47% | 75.97% | 72.17% | 72.97% | |
Avg DTI (debt to income) | 33.53 | 33.74 | 31.60 | 32.34 | 31.36 | 31.36 | 32.13 | 32.23 | |
% First time homebuyer | 10.87% | 16.43% | 17.65% | 17.00% | 19.62% | 13.04% | 13.46% | 18.00% | |
Avg mortgage insurance % | 7.51% | 9.92% | 6.79% | 8.42% | 5.22% | 5.70% | 1.74% | 2.29% |
Best Mortgage Brokers around Newark, New Jersey 07198
For those searching for a new home in Newark, we have compiled a list of the top mortgage brokers located in and around Newark, New Jersey 07198 to assist you with your search.
Name
Address
Contact
Jersey Acceptance Co.
654 Bergen St
Newark NJ 07198
(973) 824-9172
Officescape Sherlise
14-16 Homestead Park
Newark NJ 07198
(973) 878-3319
Morpholytics
105 Lock St
Newark NJ 07198
(973) 286-0806
http://www.morpholytics.com
Miler Finance
71 Broadway
Newark NJ 07198
(973) 483-2090
First Residential Mortgage
1 Bloomfield Ave
Newark NJ 07198
(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