»
New Jersey

Current New Jersey Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in New Jersey. Review free, personalized mortgage rates for New Jersey based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in New Jersey. Plus, shopping lenders is free and there is no obligation.

%
Mortgage Rates for New Jersey as of October 23, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact

%
Get Personalized Mortgage Quotes for New Jersey

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's New Jersey Mortgage Rates Compare?

October 23, 2019

The current average rate for a 30 year fixed rate mortgage in New Jersey is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
New Jersey Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in New Jersey?

The median home value for New Jersey is $361,664

The median household income for New Jersey is $79,770

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in New Jersey is $67,100

The home price you can afford to buy based on household income in New Jersey is 119% of the median home value which means housing prices are expensive. New Jersey ranks 39 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in New Jersey is expensive

orange-simple-house
ruler

Additional Mortgage Resources for New Jersey Residents

Mortgage Rates for New Jersey Cities

Atlantic City Mortgage Rates

Bergen Mortgage Rates

Burlington Mortgage Rates

Camden Mortgage Rates

Jersey City Mortgage Rates

Lakewood Mortgage Rates

Monmouth Mortgage Rates

Morris Mortgage Rates

New Brunswick Mortgage Rates

Newark Mortgage Rates

Ocean City Mortgage Rates

Passaic Mortgage Rates

Raritan Mortgage Rates

Somerset Mortgage Rates

Sussex Mortgage Rates

Trenton Mortgage Rates

Union Mortgage Rates

Vineland Mortgage Rates

Warren Mortgage Rates

Washington Township Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

FREEandCLEAR Housing Affordability Index