Compare Today’s Mortgage Rates in Norwood, New Jersey 07648
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Norwood, New Jersey 07648.
Our search engine thoroughly explores all home mortgage options in Norwood, New Jersey 07648, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $45,088 in lifetime cash or $125 per month in Norwood and other areas of Bergen county.
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Summary of Average Mortgages in Norwood, New Jersey 07648
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Norwood, New Jersey 07648
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Norwood, NJ 07648. 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 Norwood, New Jersey 07648 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Norwood, New Jersey and around Bergen 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 | 96.24% | 93.88% | 93.45% | 90.92% | 90.96% | 88.56% | 86.94% | 89.24% | 83.55% |
avg mortgage rate | 6.35% | 4.60% | 3.04% | 3.41% | 4.44% | 4.71% | 4.28% | 3.99% | 4.17% |
% 15 year fixed mortgage | 3.24% | 4.99% | 5.33% | 7.35% | 7.14% | 8.81% | 10.82% | 8.99% | 14.17% |
avg mortgage rate | 5.53% | 3.73% | 2.41% | 2.96% | 3.79% | 4.06% | 3.55% | 3.23% | 3.38% |
Avg credit score | 751.52 | 756.71 | 753.09 | 754.23 | 753.68 | 748.59 | 746.23 | 748.21 | 746.84 |
Avg LTV (loan to value) | 79.41% | 80.49% | 81.73% | 82.02% | 81.76% | 79.47% | 80.79% | 81.97% | 81.53% |
Avg DTI (debt to income) | 38.84 | 37.70 | 35.19 | 35.31 | 36.45 | 36.43 | 35.51 | 34.57 | 33.87 |
% First time homebuyer | 40.30% | 37.10% | 33.12% | 32.85% | 33.73% | 26.27% | 27.39% | 30.50% | 28.60% |
Avg mortgage insurance % | 12.03% | 12.35% | 12.30% | 12.58% | 12.49% | 9.76% | 10.56% | 11.98% | 11.28% |
Best Mortgage Brokers around Norwood, New Jersey 07648
For those searching for a new home in Norwood, we have compiled a list of the top mortgage brokers located in and around Norwood, New Jersey 07648 to assist you with your search.
Name
Address
Contact
1st 2nd Mortgage Company of Nj
469 Livingston St
Norwood NJ 07648
(201) 546-8822
Efficient Finance
89 Piermont Rd
Norwood NJ 07648
(201) 564-7640
Ifc
52 Forest Ave
Paramus NJ 07648
(201) 845-8300
Ksi Capital
17 Arcadian Way
Paramus NJ 07648
(201) 712-0042
http://www.ksicapital.com
Castillo Financial Group
15 Essex Rd
Paramus NJ 07648
(201) 909-8861
Address
469 Livingston St
Norwood NJ
Contact
(201) 546-8822
Address
89 Piermont Rd
Norwood NJ
Contact
(201) 564-7640
Address
52 Forest Ave
Paramus NJ
Contact
(201) 845-8300