Compare Today’s Refinance Rates for Somerville, New Jersey

Our search engine analyzes refinance lenders to give you the best real-time home refi rates for Somerville, New Jersey 08876. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing, expect lifetime cash savings are $4,968 or $14 / month in Somerville and other areas of Somerset county.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Somerville, New Jersey 08876.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Refinance Terms in Somerville, New Jersey 08876

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Somerville, NJ

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Somerville, NJ 08876, 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 Somerville, NJ

Refinance Rates for Somerville, New Jersey 08876 from 2013 - 2020

Below are historical data on refinancing in Somerville, New Jersey and around Somerset 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 44.90% 37.06% 42.21% 44.24% 43.62% 51.80% 43.77% 39.93%
avg refi rate 4.86% 4.50% 3.85% 3.68% 4.53% 4.06% 3.85% 3.94%
% 15 year fixed refinance 39.41% 43.07% 41.26% 42.88% 43.79% 35.93% 41.40% 43.34%
avg refi rate 4.25% 3.76% 3.24% 2.94% 3.53% 3.22% 2.99% 3.11%
Avg credit score 767.92 769.13 771.22 766.77 750.30 759.26 760.14 756.23
Avg LTV (loan to value) 60.75% 62.06% 64.61% 66.32% 71.18% 72.23% 70.35% 68.73%
Avg DTI (debt to income) 31.23 31.53 30.89 31.48 33.87 33.32 33.15 34.05
Avg refinance insurance % 0.76% 0.87% 1.39% 2.54% 4.57% 5.17% 3.58% 2.84%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Somerville, New Jersey 08876

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Somerville, New Jersey 08876, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

LATOYA ROBINSON

Loan Officer

92 E Main St

Somerville, NJ 08876

(908) 575-4420

latoya.n.robinson@wellsfargo.com

PHIL CARUSO

Loan Officer

92 E Main St

Somerville, NJ 08876

(908) 575-4420

Phil.Caruso@wellsfargo.com

KENNETH THIEDEMANN

Loan Officer

92 E Main St

Somerville, NJ 08876

(908) 575-4420

kenneth.h.thiedemann@wellsfargo.com

RICHARD LAHARA

Loan Officer

92 E Main St

Somerville, NJ 08876

(908) 575-4420

richard.l.lahara@wellsfargo.com

MILDRED DUZANSON-BAPTISTE

Loan Officer

92 E Main St

Somerville, NJ 08876

(908) 575-4420

mildred.baptiste@wellsfargo.com

Address

92 E Main St

Somerville, NJ

Contact

(908) 575-4420

Fax (301) 639-0804

latoya.n.robinson@wellsfargo.com

Address

92 E Main St

Somerville, NJ

Contact

(908) 575-4420

Fax (301) 639-0804

Phil.Caruso@wellsfargo.com

Address

92 E Main St

Somerville, NJ

Contact

(908) 575-4420

Fax (301) 639-0804

kenneth.h.thiedemann@wellsfargo.com

Refinancing News for Somerville, New Jersey 08876