Compare Today’s Refinance Rates for Morristown, New Jersey 07962
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Morristown, New Jersey 07962.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Morristown, New Jersey 07962. For 30-year amortization refinancing, you can expect lifetime cash savings of $32,665 or $91 per month in Morristown and other parts of Morris county.
Summary of Average Refinances in Morristown, New Jersey 07962
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Interactive Refinance Rate Projections for Morristown, New Jersey 07962
Pureloan has developed an interactive chart to monitor the five largest local lenders in Morristown, NJ 07962, 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 Morristown, New Jersey 07962 from 2024 - 2016
The following historical data provides insights into refinancing trends in Morristown, New Jersey and the surrounding Morris 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 | 100.00% | 41.11% | 39.18% | 47.53% | 53.06% | 53.66% | 42.31% | 48.48% | 27.27% |
avg refi rate | 6.35% | 3.68% | 3.00% | 3.24% | 4.37% | 4.48% | 4.19% | 4.05% | 3.94% |
% 15 year fixed refinance | 35.56% | 45.52% | 35.43% | 42.86% | 34.15% | 44.23% | 42.42% | 48.48% | |
avg refi rate | 3.00% | 2.53% | 2.85% | 3.98% | 4.07% | 3.46% | 3.18% | 3.44% | |
Avg credit score | 747.17 | 728.57 | 741.76 | 751.19 | 730.82 | 741.44 | 735.75 | 737.98 | 723.30 |
Avg LTV (loan to value) | 77.83% | 67.73% | 71.14% | 73.58% | 71.29% | 70.68% | 69.02% | 73.23% | 69.73% |
Avg DTI (debt to income) | 34.50 | 33.43 | 32.93 | 32.05 | 35.08 | 32.95 | 35.69 | 32.83 | 32.61 |
Avg refinance insurance % | 8.33% | 3.89% | 4.71% | 5.82% | 3.65% | 7.63% | 3.71% | 3.94% | 3.70% |
Best Refinance Brokers around Morristown, New Jersey 07962
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Morristown, New Jersey 07962, we have compiled a list of top refinance brokers to assist you in the process.
Peter Traum
Mortgage Loan Officer
55 Madison Ave., Suite 400, #74
Morristown, NJ 07962
(800) 464-2484
peter.traum@prospectmtg.com
Mark Purrington
Loan Officer
161 Madison Ave
Morristown, NJ 07962
(914) 251-2493
mark.purrington@pncmortgage.com
Mark Narcisi
Loan Officer
161 Madison Ave
Morristown, NJ 07962
(914) 251-2493
mark.narcisi@pncmortgage.com
Nick Jacoski
Loan Officer
161 Madison Ave
Morristown, NJ 07962
(914) 251-2493
nicholas.jacoski@pncmortgage.com
Jack Granger
Loan Officer
161 Madison Ave
Morristown, NJ 07962
(914) 251-2493
john.grangerjr@pncmortgage.com
Address
55 Madison Ave., Suite 400, #74
Morristown, NJ
Contact
(800) 464-2484
Fax (301) 639-0804
peter.traum@prospectmtg.com
Address
161 Madison Ave
Morristown, NJ
Contact
(914) 251-2493
Fax (301) 639-0804
mark.purrington@pncmortgage.com
Address
161 Madison Ave
Morristown, NJ
Contact
(914) 251-2493
Fax (301) 639-0804
mark.narcisi@pncmortgage.com