Compare Today’s Mortgage Rates in South Orange, New Jersey 07079
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in South Orange, New Jersey 07079.
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 Orange, New Jersey 07079. For a 30-year fixed loan, our calculations show that you can expect to save up to $15,860 over the lifetime of your mortgage, which translates to a monthly savings of $44 in South Orange and other areas of Essex county.
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Summary of Average Mortgages in South Orange, New Jersey 07079
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for South Orange, New Jersey 07079
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in South Orange, NJ 07079. 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 Orange, New Jersey 07079 from 2024 - 2016
We have compiled mortgage rates charts for home loans in South Orange, New Jersey and around Essex 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 | 94.03% | 92.28% | 88.98% | 92.08% | 88.45% | 88.93% | 87.04% | 86.01% | |
avg mortgage rate | 4.15% | 4.00% | 4.15% | 4.47% | 3.99% | 3.88% | 4.65% | 4.91% | |
% 15 year fixed mortgage | 5.22% | 5.88% | 8.79% | 7.45% | 10.32% | 9.96% | 9.72% | 11.95% | |
avg mortgage rate | 3.27% | 3.24% | 3.27% | 3.48% | 3.21% | 3.31% | 3.79% | 4.35% | |
Avg credit score | 745.50 | 743.91 | 751.46 | 749.06 | 747.69 | 751.62 | 755.30 | 750.61 | |
Avg LTV (loan to value) | 83.92% | 85.13% | 83.71% | 83.21% | 81.13% | 81.84% | 78.62% | 76.85% | |
Avg DTI (debt to income) | 33.19 | 33.81 | 32.11 | 32.16 | 31.92 | 32.39 | 32.29 | 31.44 | |
% First time homebuyer | 27.61% | 25.49% | 26.64% | 26.15% | 28.26% | 23.99% | 23.89% | 34.81% | |
Avg mortgage insurance % | 15.03% | 15.97% | 15.30% | 14.29% | 11.57% | 11.16% | 7.91% | 5.32% |
Best Mortgage Brokers around South Orange, New Jersey 07079
For those searching for a new home in South Orange, we have compiled a list of the top mortgage brokers located in and around South Orange, New Jersey 07079 to assist you with your search.
Name
Address
Contact
Harrimore Financial Services
63 Valley St
South Orange NJ 07079
(973) 313-0051
eomor13802@msn.com
Unity Financial Development
204 Irvington Ave
South Orange NJ 07079
(201) 252-2128
First Choice Mortgage
59 2nd St
South Orange NJ 07079
(973) 761-4500
Mbac
26 Church St
South Orange NJ 07079
(973) 230-3597
John Wise
15 Village Plz
South Orange NJ 07079
(973) 763-5900
jfwiseesq@aol.com
Address
63 Valley St
South Orange NJ
Contact
(973) 313-0051
eomor13802@msn.com
Address
204 Irvington Ave
South Orange NJ
Contact
(201) 252-2128
Address
59 2nd St
South Orange NJ
Contact
(973) 761-4500