Compare Today’s Mortgage Rates for Paterson, New Jersey

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Paterson, New Jersey 07524. 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 $22,817 or $63 / month in Paterson and surrounding areas of Passaic 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 Paterson, New Jersey 07524.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Paterson, New Jersey 07524

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Paterson, NJ

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Paterson, NJ 07524, 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.

Local Mortgage Rates for Paterson, NJ

Historical Mortgage Rates for Paterson, New Jersey 07524 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Paterson, New Jersey and around Passaic 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 83.89% 80.98% 80.13% 79.93% 84.39% 83.41% 87.90% 86.50%
avg mortgage rate 4.92% 4.67% 3.90% 4.00% 4.47% 4.12% 3.93% 4.19%
% 15 year fixed mortgage 14.21% 16.67% 17.87% 18.56% 14.03% 14.65% 10.62% 11.88%
avg mortgage rate 4.34% 3.93% 3.26% 3.16% 3.50% 3.28% 3.16% 3.38%
Avg credit score 758.56 758.55 758.35 754.90 750.90 748.17 747.68 750.32
Avg LTV (loan to value) 77.44% 79.10% 80.73% 80.79% 81.34% 80.69% 80.76% 80.18%
Avg DTI (debt to income) 33.19 33.23 32.18 32.92 33.85 34.25 34.92 35.92
% First time homebuyer 37.24% 32.93% 31.13% 30.46% 34.43% 35.91% 35.29% 36.98%
Avg mortgage insurance % 4.86% 6.63% 9.75% 9.93% 10.35% 10.08% 10.20% 9.59%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Paterson, New Jersey 07524

If you’re looking to buy a new home in Paterson, we have compiled a list of the leading mortgage brokers around Paterson, New Jersey 07524 to help you with your search.

Name
Address
Contact

Phoenix Financial Service-Coml Mtg

20 Plymouth Rd

Paterson NJ 07524

(201) 657-5229

http://phoenixfinancial.net

United Auto Finance

133 W Broadway

Paterson NJ 07524

(973) 790-0074

Latino Envios

447 21st Ave

Paterson NJ 07524

(973) 341-4073

Albanian Associated Fund

456 River St

Paterson NJ 07524

(973) 523-9203

Zirpolo Insurance & Travel

20 Church St

Paterson NJ 07524

(973) 742-0805

zirpoloinsurance@gmail.com

Address

20 Plymouth Rd

Paterson NJ

Contact

(201) 657-5229

http://phoenixfinancial.net

Address

133 W Broadway

Paterson NJ

Contact

(973) 790-0074

Address

447 21st Ave

Paterson NJ

Contact

(973) 341-4073

News on Mortgages and Reverse Mortgages for Paterson, New Jersey 07524