Compare Today’s Refinance Rates for Fairfield, New Jersey 07004
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Fairfield, New Jersey 07004.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $14,357 over the lifetime of your mortgage, which translates to a monthly savings of $40 in Fairfield and other areas of Essex county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
Summary of Average Refinances in Fairfield, New Jersey 07004
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Interactive Refinance Rate Projections for Fairfield, New Jersey 07004
Pureloan has developed an interactive chart to monitor the five largest local lenders in Fairfield, NJ 07004, for refinancing and cash-out. The chart features historical rates, which are based on completed refinancings, and projections, which are based on proprietary modeling.
Historical Refinance Rates in Fairfield, New Jersey 07004 from 2024 - 2016
The following historical data provides insights into refinancing trends in Fairfield, New Jersey and the surrounding Essex county, based on factors such as loan type, credit score, LTV, and other parameters. This data is derived from actual closed home refinancings.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed refinance | 68.18% | 56.87% | 54.11% | 55.32% | 63.76% | 60.20% | 48.24% | 49.49% | 58.75% |
avg refi rate | 6.39% | 3.80% | 2.99% | 3.24% | 4.36% | 4.67% | 4.24% | 3.96% | 4.17% |
% 15 year fixed refinance | 9.09% | 24.03% | 28.50% | 26.94% | 21.14% | 30.85% | 39.22% | 36.55% | 31.88% |
avg refi rate | 5.50% | 2.77% | 2.47% | 2.76% | 3.71% | 3.96% | 3.45% | 3.22% | 3.40% |
Avg credit score | 750.73 | 737.88 | 755.45 | 754.98 | 739.61 | 736.52 | 740.86 | 744.83 | 750.38 |
Avg LTV (loan to value) | 64.18% | 62.77% | 66.19% | 69.57% | 71.13% | 70.63% | 68.65% | 71.24% | 70.97% |
Avg DTI (debt to income) | 34.64 | 34.04 | 32.17 | 32.01 | 33.69 | 34.12 | 35.13 | 33.92 | 33.78 |
Avg refinance insurance % | 4.18% | 1.25% | 2.33% | 3.67% | 5.46% | 4.78% | 4.07% | 4.40% | 4.43% |
Best Refinance Brokers around Fairfield, New Jersey 07004
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Fairfield, New Jersey 07004, we have compiled a list of top refinance brokers to assist you in the process.
William Grath
Loan Officer
330 Passaic Ave., Ste. 215
Fairfield, NJ 07004
william.grath@prospectmtg.com
Mary Ziegler
Loan Officer
330 Passaic Ave., Ste. 215
Fairfield, NJ 07004
Mary.Ziegler@prospectmtg.com
Adam Wizner
Loan Officer
155 Passaic Ave
Fairfield, NJ 07004
awizner@mortgagemaster.com
Alexander Clavijo
Senior Loan Officer
155 Passaic Ave., 3rd Floor
Fairfield, NJ 07004
aclavijo@mortgagemaster.com
Stephen Klein
Mortgage Banker
865 Bloomfield Ave
Caldwell, NJ 07004
(197) 322-7497
stephen.j.klein@chase.com
Address
330 Passaic Ave., Ste. 215
Fairfield, NJ
Contact
Fax (301) 639-0804
william.grath@prospectmtg.com
Address
330 Passaic Ave., Ste. 215
Fairfield, NJ
Contact
Fax (301) 639-0804
Mary.Ziegler@prospectmtg.com
Address
155 Passaic Ave
Fairfield, NJ
Contact
Fax (301) 639-0804
awizner@mortgagemaster.com