Compare Today’s Mortgage Rates in Red Bank, New Jersey 07709
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Red Bank, New Jersey 07709.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $196,557 over the lifetime of your 30-year fixed loan, or a monthly savings of $546 in Red Bank and other areas of Monmouth county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Red Bank, New Jersey 07709
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Red Bank, New Jersey 07709
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Red Bank, NJ 07709. 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 Red Bank, New Jersey 07709 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Red Bank, New Jersey and around Monmouth 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 | 93.88% | 91.66% | 92.28% | 90.64% | 89.21% | 85.37% | 85.15% | 86.53% | 83.90% |
avg mortgage rate | 6.42% | 4.55% | 3.00% | 3.40% | 4.41% | 4.66% | 4.26% | 3.96% | 4.15% |
% 15 year fixed mortgage | 5.20% | 6.57% | 6.34% | 7.93% | 9.21% | 12.16% | 13.21% | 11.69% | 13.85% |
avg mortgage rate | 5.74% | 3.71% | 2.40% | 2.96% | 3.77% | 4.01% | 3.47% | 3.22% | 3.37% |
Avg credit score | 757.40 | 759.32 | 761.04 | 761.45 | 753.60 | 761.95 | 755.41 | 750.03 | 748.18 |
Avg LTV (loan to value) | 82.32% | 83.32% | 83.47% | 83.19% | 82.84% | 79.35% | 80.51% | 81.49% | 81.05% |
Avg DTI (debt to income) | 37.92 | 36.44 | 34.27 | 34.30 | 35.56 | 35.63 | 34.85 | 34.28 | 33.95 |
% First time homebuyer | 52.46% | 51.09% | 52.36% | 54.16% | 50.81% | 42.82% | 45.26% | 47.13% | 46.84% |
Avg mortgage insurance % | 13.90% | 13.65% | 13.41% | 12.91% | 12.46% | 8.78% | 9.35% | 10.78% | 10.07% |
Best Mortgage Brokers around Red Bank, New Jersey 07709
For those searching for a new home in Red Bank, we have compiled a list of the top mortgage brokers located in and around Red Bank, New Jersey 07709 to assist you with your search.
Name
Address
Contact
First Atlantic Resources
65 Mechanic St
Red Bank NJ 07709
(732) 530-0031
Infiniti Mortgage Srv
47 Reckless Pl
Red Bank NJ 07709
(732) 383-7631
Spreen & Company
80 Broad St
Red Bank NJ 07709
(732) 741-4321
R H Funding
326 Broad St
Red Bank NJ 07709
(732) 747-1676
Bank of America Home Loans
554 State Route 35
Red Bank NJ 07709
(732) 212-2400
Address
65 Mechanic St
Red Bank NJ
Contact
(732) 530-0031
Address
47 Reckless Pl
Red Bank NJ
Contact
(732) 383-7631
Address
80 Broad St
Red Bank NJ
Contact
(732) 741-4321