Compare Today’s Mortgage Rates in South Bound Brook, New Jersey 08880
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in South Bound Brook, New Jersey 08880.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in South Bound Brook, New Jersey 08880. For a 30-year fixed loan, our calculations show that you can expect to save up to $22,779 over the lifetime of your mortgage, which translates to a monthly savings of $63 in South Bound Brook and other areas of Somerset county.
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Summary of Average Mortgages in South Bound Brook, New Jersey 08880
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for South Bound Brook, New Jersey 08880
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in South Bound Brook, NJ 08880. 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 South Bound Brook, New Jersey 08880 from 2024 - 2016
We have compiled mortgage rates charts for home loans in South Bound Brook, New Jersey and around Somerset 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 | 95.08% | 90.87% | 87.30% | 88.93% | 84.85% | 82.49% | 76.80% | 84.17% | 75.76% |
avg mortgage rate | 6.67% | 4.71% | 3.08% | 3.53% | 4.61% | 4.71% | 4.26% | 4.01% | 4.10% |
% 15 year fixed mortgage | 3.28% | 7.60% | 10.48% | 9.84% | 11.62% | 15.25% | 19.20% | 14.17% | 21.97% |
avg mortgage rate | 5.56% | 4.01% | 2.42% | 2.82% | 3.76% | 4.02% | 3.47% | 3.23% | 3.33% |
Avg credit score | 745.38 | 788.40 | 759.43 | 761.89 | 758.03 | 749.38 | 757.24 | 757.14 | 761.80 |
Avg LTV (loan to value) | 76.39% | 77.91% | 79.46% | 80.49% | 79.55% | 76.41% | 77.98% | 80.20% | 77.36% |
Avg DTI (debt to income) | 34.33 | 34.95 | 32.98 | 32.92 | 33.70 | 33.68 | 31.79 | 31.63 | 30.21 |
% First time homebuyer | 22.95% | 18.63% | 20.32% | 14.34% | 17.17% | 21.47% | 10.40% | 15.00% | 15.15% |
Avg mortgage insurance % | 10.98% | 9.22% | 9.37% | 9.89% | 9.60% | 7.99% | 5.47% | 8.06% | 6.27% |
Best Mortgage Brokers around South Bound Brook, New Jersey 08880
For those searching for a new home in South Bound Brook, we have compiled a list of the top mortgage brokers located in and around South Bound Brook, New Jersey 08880 to assist you with your search.
Name
Address
Contact
Millennium Home Mortgage
8 Old Bridge Tpke
South River NJ 08880
(732) 390-7676
kryan@mhmlender.com
Integrity Funding
119 Main St
South River NJ 08880
(732) 254-0001
New Millienum Finance
19 Snowhill St
Spotswood NJ 08880
(732) 251-0077
Nj Community Loan Fun
108 Church St
New Brunswick NJ 08880
(732) 543-1200
mail@njclf.com
Montgomery Capital Company
75 Paterson St
New Brunswick NJ 08880
(732) 354-3180
Address
8 Old Bridge Tpke
South River NJ
Contact
(732) 390-7676
kryan@mhmlender.com
Address
119 Main St
South River NJ
Contact
(732) 254-0001
Address
19 Snowhill St
Spotswood NJ
Contact
(732) 251-0077