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.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

40.746453 -74.257532 2572

Summary of Average Mortgages in South Orange, New Jersey 07079

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for South Orange, New Jersey 07079

Source: Fannie Mae and Freddie Mac


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.

Local Mortgage Rates in South Orange, New Jersey 07079

South Orange, officially the Township of South Orange Village, is a suburban township in Essex County, in the U.S. state of New Jersey. Read more

South Orange, officially the Township of South Orange Village, is a suburban township in Essex County, in the U.S. state of New Jersey. As of the 2020 United States census, the township's population was 18,484, an increase of 2,286 from the 2010 census count of 16,198, which in turn reflected a decline of 766 from the 16,964 counted in the 2000 census. Seton Hall University is located in the township.

"The time and circumstances under which the name South Orange originated will probably never be known," wrote historian William H. Shaw in 1884, "and we are obliged to fall back on a tradition, that Mr. Nathan Squier first used the name in an advertisement offering wood for sale" in 1795. Other sources attribute the derivation for all of the Oranges to King William III, Prince of Orange.Of the 564 municipalities in New Jersey, South Orange Village is one of only four with a village type of government; the others are Loch Arbour, Ridgefield Park and Ridgewood.South Orange Village dates back to May 4, 1869, when it was formed within South Orange Township. On March 4, 1904, the Village of South Orange was created by an act of the New Jersey Legislature and separated from South Orange Township. In 1978, the village's name was changed by referendum to "The Township of South Orange Village", becoming the first of more than a dozen Essex County municipalities to reclassify themselves as townships in order take advantage of federal revenue sharing policies that allocated townships a greater share of government aid to municipalities on a per capita basis. Read less

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%

Source: Financial Report of the US Government

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

News on Mortgages and Reverse Mortgages for South Orange, New Jersey 07079