Compare Today’s Refinance Rates for Pompton Lakes, New Jersey 07442

Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Pompton Lakes, New Jersey 07442.

With a 30-year amortization refinance in Pompton Lakes and surrounding areas of Passaic county, our calculations show that you can expect to save up to $17,654 over the lifetime of your mortgage, or a monthly savings of $49. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Pompton Lakes, New Jersey 07442.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

40.999284 -74.287566 2656

Summary of Average Refinances in Pompton Lakes, New Jersey 07442

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Refinance Rate Projections for Pompton Lakes, New Jersey 07442

Source: Fannie Mae and Freddie Mac


Pureloan has developed an interactive chart to monitor the five largest local lenders in Pompton Lakes, NJ 07442, for refinancing and cash-out. The chart features historical rates, which are based on completed refinancings, and projections, which are based on proprietary modeling.

Local Refinance Rates in Pompton Lakes, New Jersey 07442

Pompton Lakes is a borough in Passaic County, in the U.S. state of New Jersey. As of the 2020 United States census, the borough's population was 11,127, an increase of 30 from the 2010 census count of 11,097, which in turn reflected an increase of 457 from the 10,640 counted in the 2000 census. Read more

Pompton Lakes is a borough in Passaic County, in the U.S. state of New Jersey. As of the 2020 United States census, the borough's population was 11,127, an increase of 30 from the 2010 census count of 11,097, which in turn reflected an increase of 457 from the 10,640 counted in the 2000 census.Pompton Lakes was established on February 26, 1895, from portions of Pompton Township, based on the results of a referendum held three days earlier. The borough was named for the Pompton people, a sub-tribe of Native Americans who lived in the area. It was the first borough to be formed in Passaic County as part of the "boroughitis" that had struck the state at the time. Pompton Lakes did not acquire territory from more than one township, which would have entitled the borough to a seat on the County's Board of Chosen Freeholders.An outer-ring suburb of New York City, Pompton Lakes is located approximately 20 miles northwest of Midtown Manhattan. From the higher mountains in and around the borough one can see the New York skyline. Three rivers, the Ramapo, Pequannock and Wanaque, run through the borough, which historically provided much of the energy for various industries in the borough. In the mid-20th century, Pompton Lakes served as a local shopping destination, but lost its status as shopping malls opened in the area in the 1970s and 1980s. Read less

Historical Refinance Rates in Pompton Lakes, New Jersey 07442 from 2024 - 2016

The following historical data provides insights into refinancing trends in Pompton Lakes, New Jersey and the surrounding Passaic 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 89.66% 68.87% 55.69% 48.91% 75.33% 67.57% 63.83% 63.11% 71.62%
avg refi rate 6.64% 4.13% 2.98% 3.30% 4.49% 4.61% 4.20% 3.99% 4.10%
% 15 year fixed refinance 10.34% 21.85% 29.86% 33.62% 15.33% 16.22% 24.47% 30.33% 20.27%
avg refi rate 5.79% 2.99% 2.36% 2.70% 3.79% 3.84% 3.53% 3.16% 3.46%
Avg credit score 725.03 740.58 743.69 750.25 748.17 743.23 746.50 743.80 733.20
Avg LTV (loan to value) 65.28% 66.48% 72.15% 73.51% 73.67% 74.85% 76.63% 74.13% 75.07%
Avg DTI (debt to income) 33.21 33.32 31.88 32.21 33.28 33.23 30.97 31.43 31.15
Avg refinance insurance % 4.72% 3.07% 4.64% 6.02% 8.87% 8.74% 8.22% 6.52% 6.31%

Source: Financial Report of the US Government

Best Refinance Brokers around Pompton Lakes, New Jersey 07442

If you are considering refinancing your mortgage or obtaining a cash-out refinance in Pompton Lakes, New Jersey 07442, we have compiled a list of top refinance brokers to assist you in the process.

Name
Address
Contact

MICHAEL CAREW

Loan Officer

875 State Rt 17

Ramsey, NJ 07442

(201) 934-4500

michael.carew@wellsfargo.com

SCOTT ANDERSON

Loan Officer

875 State Rt 17

Ramsey, NJ 07442

(201) 934-4500

scott.t.anderson@wellsfargo.com

WILLIAM OCHOA

Loan Officer

875 State Rt 17

Ramsey, NJ 07442

(201) 934-4500

william.ochoa@wellsfargo.com

ROBERT CARAVELLA

Loan Officer

875 State Rt 17

Ramsey, NJ 07442

(201) 934-4500

robert.caravella@wellsfargo.com

Liberato Lavarino

Mortgage Loan Originator

26-01 Pellack Dr

Fair Lawn, NJ 07442

(201) 398-0800

lavlp25@yahoo.com

Address

875 State Rt 17

Ramsey, NJ

Contact

(201) 934-4500

Fax (301) 639-0804

michael.carew@wellsfargo.com

Address

875 State Rt 17

Ramsey, NJ

Contact

(201) 934-4500

Fax (301) 639-0804

scott.t.anderson@wellsfargo.com

Address

875 State Rt 17

Ramsey, NJ

Contact

(201) 934-4500

Fax (301) 639-0804

william.ochoa@wellsfargo.com

Refinancing News for Pompton Lakes, New Jersey 07442