Compare Today’s Mortgage Rates in Shrewsbury, New Jersey 07702
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Shrewsbury, New Jersey 07702.
Our search engine thoroughly explores all home mortgage options in Shrewsbury, New Jersey 07702, 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 $43,115 in lifetime cash or $120 per month in Shrewsbury and other areas of Monmouth county.
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Summary of Average Mortgages in Shrewsbury, New Jersey 07702
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Shrewsbury, New Jersey 07702
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Shrewsbury, NJ 07702. 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 Shrewsbury, New Jersey 07702 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Shrewsbury, 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 Shrewsbury, New Jersey 07702
For those searching for a new home in Shrewsbury, we have compiled a list of the top mortgage brokers located in and around Shrewsbury, New Jersey 07702 to assist you with your search.
Name
Address
Contact
Aurora Loan Service
621 Shrewsbury Ave
Shrewsbury NJ 07702
(732) 936-0007
Overhead Door Co of Red Bank
81 Haddon Ave
Shrewsbury NJ 07702
(732) 741-6161
Mortgage Loan Solutions
750 Broad St
Shrewsbury NJ 07702
(732) 747-4974
http://www.mlsloan.com
Arlington Capital Mortgage
750 Broad St
Shrewsbury NJ 07702
(732) 741-6747
Mortgage Loan Specialists
149 Avenue At The Cmn
Shrewsbury NJ 07702
(732) 380-8500
http://mlseast.com
Address
621 Shrewsbury Ave
Shrewsbury NJ
Contact
(732) 936-0007
Address
81 Haddon Ave
Shrewsbury NJ
Contact
(732) 741-6161
Address
750 Broad St
Shrewsbury NJ
Contact
(732) 747-4974
http://www.mlsloan.com