Compare Today’s Mortgage Rates in Spotswood, New Jersey 08884
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Spotswood, New Jersey 08884.
Our search engine thoroughly explores all home mortgage options in Spotswood, New Jersey 08884, 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 $46,898 in lifetime cash or $130 per month in Spotswood and other areas of Middlesex county.
40.384679
-74.389377
3216
Summary of Average Mortgages in Spotswood, New Jersey 08884
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
Become a certified mortgage expert on Pureloan.com
in Spotswood, New Jersey 08884
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Mortgage Rate Projections for Spotswood, New Jersey 08884
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Spotswood, NJ 08884. 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 Spotswood, New Jersey 08884 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Spotswood, New Jersey and around Middlesex 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 Spotswood, New Jersey 08884
For those searching for a new home in Spotswood, we have compiled a list of the top mortgage brokers located in and around Spotswood, New Jersey 08884 to assist you with your search.
Name
Address
Contact
New Millienum Finance
19 Snowhill St
Spotswood NJ 08884
(732) 251-0077
Millennium Home Mortgage
8 Old Bridge Tpke
South River NJ 08884
(732) 390-7676
kryan@mhmlender.com
Integrity Funding
119 Main St
South River NJ 08884
(732) 254-0001
Nj Community Loan Fun
108 Church St
New Brunswick NJ 08884
(732) 543-1200
mail@njclf.com
Montgomery Capital Company
75 Paterson St
New Brunswick NJ 08884
(732) 354-3180
Address
19 Snowhill St
Spotswood NJ
Contact
(732) 251-0077
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