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New Brunswick

Current Mortgage Rates in New Brunswick, New Jersey

Compare mortgage rates and fees for leading lenders in New Brunswick, NJ. 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 lender offering the best mortgage rates in New Brunswick.

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 Brunswick. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in New Brunswick, NJ as of December 9, 2019
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Get Personalized Mortgage Quotes for New Brunswick, NJ

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 Brunswick, NJ Mortgage Rates Compare?

December 9, 2019

The current average rate for a 30 year fixed rate mortgage in New Brunswick 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 Brunswick, NJ 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 Brunswick, New Jersey?

The median home value for New Brunswick, NJ (Middlesex County) is $364,549

The median household income for New Brunswick, NJ (Middlesex County) is $85,674

Based on current mortgage rates and a 10% down payment, you need to make $67,635 per year to buy the median priced home in New Brunswick

The home price you can afford to buy based on household income in New Brunswick is 127% of the median home value which means housing prices are average

New Brunswick (Middlesex County) ranks 12 out of 21 counties in New Jersey and 2,818 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in New Brunswick, NJ is average

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Loan Limits for New Brunswick, New Jersey

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for New Brunswick (Middlesex County) below.

Conforming loan limits for New Brunswick, NJ

1 unit: $726,525
2 units: $930,300
3 units: $1,124,475
4 units: $1,397,400

FHA loan limits for New Brunswick, NJ

1 unit: $726,525
2 units: $930,300
3 units: $1,124,475
4 units: $1,397,400

VA loan limits for New Brunswick, NJ

1 unit: $726,525

Additional Mortgage Resources for New Brunswick, NJ Residents

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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/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index