Compare Today’s Refinance Rates for Newark, New Jersey
Pureloan’s engine analyzes refinance lenders to give you the best real-time home refi rates for Newark, New Jersey 07195. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing in Newark and surrounding areas of Essex county, your expected lifetime cash savings are $4,884 or $14 / month.
Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Newark, New Jersey 07195.
Summary of Average Refinance Terms in Newark, New Jersey 07195
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Customized Refinance Rate Projections for Newark, NJ
For refinance rate forecasts and predictions in Newark, NJ 07195, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.
Refinance Rates for Newark, New Jersey 07195 from 2013 - 2020
Below are historical data on refinancing in Newark, New Jersey and around Essex county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.
|% 30 year fixed refinance||55.61%||57.79%||47.70%||53.66%||58.57%||65.07%||61.16%||58.82%|
|avg refi rate||4.78%||4.51%||3.92%||3.73%||4.44%||4.06%||3.93%||3.97%|
|% 15 year fixed refinance||34.98%||30.52%||40.23%||34.63%||31.43%||26.03%||28.93%||35.29%|
|avg refi rate||4.12%||3.83%||3.23%||2.94%||3.57%||3.36%||3.07%||3.20%|
|Avg credit score||767.96||761.84||771.92||769.06||755.33||761.77||762.02||753.73|
|Avg LTV (loan to value)||63.48%||67.53%||65.01%||66.42%||70.54%||70.39%||70.78%||72.76%|
|Avg DTI (debt to income)||30.64||31.25||30.59||29.44||33.80||31.10||32.91||32.51|
|Avg refinance insurance %||1.02%||1.82%||1.83%||2.24%||2.90%||3.63%||5.40%||5.59%|
Data produced from the Financial Report of the US Government
Best Refinance Brokers Around Newark, New Jersey 07195
Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Newark, New Jersey 07195, we have compiled a list of the leading refinance brokers to guide you.
1152 Liberty Ave
Hillside, NJ 07195