New Jersey

Current New Jersey Mortgage Rates

Compare New Jersey mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in New Jersey.

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.

New Jersey Mortgage Rates as of December 1, 2022
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Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.


Compare Today's New Jersey Mortgage Rates

December 1, 2022

Current mortgage rates in New Jersey are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
New Jersey Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in New Jersey?

Below we offer valuable insights on the housing market and real estate prices in New Jersey. Understand how much you need to make to buy a house in New Jersey, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in New Jersey is affordable for you. We provide this helpful information to help you decide if living in New Jersey is right for you.

The median home value for New Jersey is $440,119

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in New Jersey is $72,112

With this income, you could qualify for a $396,107 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in New Jersey is $1,670

The median household income for New Jersey is $94,371

Based on this income, you can afford a home valued at approximately $575,977

The home price you can afford to buy based on household income in New Jersey is 131% of the median home value which means housing prices are expensive. New Jersey ranks 36 out of 50 states for housing affordability.

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


Additional Mortgage Resources for New Jersey Residents

Mortgage Rates for New Jersey Cities

Atlantic City Mortgage Rates

Bergen Mortgage Rates

Burlington Mortgage Rates

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