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 $4,657 or $13 / month.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Newark, New Jersey 07195.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Refinance Terms in Newark, New Jersey 07195

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Newark, NJ

Source: Fannie Mae and Freddie Mac


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.

Local Refinance Rates for Newark, NJ

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.

2013 2014 2015 2016 2017 2018 2019 2020
% 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.

Name
Address
Contact

Tom Calugay

Mortgage Banker

1152 Liberty Ave

Hillside, NJ 07195

(190) 844-7275

tom.a.calugay@chase.com

Address

1152 Liberty Ave

Hillside, NJ

Contact

(190) 844-7275

Fax (301) 639-0804

tom.a.calugay@chase.com

Refinancing News for Newark, New Jersey 07195