Compare Today’s Mortgage Rates for Newark, New Jersey
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Newark, New Jersey 07195. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $21,296 or $59 / month in Newark and other areas of Essex county.
Our search engine explores all home mortgage options in Newark, New Jersey 07195, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Newark, New Jersey 07195
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Newark, NJ
To forecast and predict mortgage rates in Newark, NJ 07195, 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 07195 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Newark, New Jersey and around Essex 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 07195
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 07195 to help you with your search.
Name
Address
Contact
Jersey Acceptance Co.
654 Bergen St
Newark NJ 07195
(973) 824-9172
Officescape Sherlise
14-16 Homestead Park
Newark NJ 07195
(973) 878-3319
Morpholytics
105 Lock St
Newark NJ 07195
(973) 286-0806
http://www.morpholytics.com
Miler Finance
71 Broadway
Newark NJ 07195
(973) 483-2090
First Residential Mortgage
1 Bloomfield Ave
Newark NJ 07195
(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