New Jersey Mortgage and Refinance Rates

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Current New Jersey Mortgage Rates

Average market rates for 12-05-2023 in New Jersey are 7.004% for 30 Year Fixed Purchase and 7.086% for 30 Year Fixed Refinance

DateProductRate
12-05-202330 Year Fixed Purchase7.004%
12-05-202330 Year Fixed Refinance7.086%

New Jersey Purchase Rates

DateProductRate
12-05-202315 Year Fixed Purchase6.216%
12-05-202315 Year fixed Jumbo Purchase6.855%
12-05-202330 Year Fixed Purchase7.004%
12-05-202330 Year Fixed Jumbo Purchase7.58%

New Jersey Refinance Rates

DateProductRate
12-05-202315 Year Fixed Refinance6.211%
12-05-202315 Year fixed Jumbo Refinance6.833%
12-05-202330 Year Fixed Refinance7.086%
12-05-202330 Year Fixed Jumbo Refinance7.617%

New Jersey ARM Rates

DateProductRate
12-05-20235/6 ARM SOFR Purchase7.157%
12-05-20235/6 ARM SOFR Refinance7.193%
12-05-20235/6 ARM Jumbo SOFR Purchase6.69%
12-05-20235/6 ARM Jumbo SOFR Refinance6.71%

How we source rates and rate trends

Most Common Mortgage Types in New Jersey

  • Conventional: 76,432 loans
  • FHA: 15,733 loans
  • USDA: 225 loans
  • VA: 3,095 loans

Top Purchase Lenders in New Jersey by Volume

  • Crosscountry Mortgage, LLC: 3,805 loans
  • Rocket Mortgage, LLC: 3,804 loans
  • Guaranteed Rate, Inc.: 3,177 loans
  • Wells Fargo Bank: 2,948 loans
  • Nj Lenders Corp.: 2,814 loans
  • Loandepot.com, LLC: 2,696 loans
  • JPMorgan Chase Bank: 2,161 loans
  • Advisors Mortgage Group, L.l.c.: 2,154 loans
  • American Neighborhood Mortgage Acceptance Company LLC: 2,099 loans
  • Greentree Mortgage Company, L.p.: 1,889 loans

Top Refinance Lenders in New Jersey by Volume

  • PNC Bank: 2,746 loans
  • Rocket Mortgage, LLC: 1,407 loans
  • Citizens Bank: 1,230 loans
  • Td Bank: 1,160 loans
  • Bank Of America: 1,036 loans
  • Wells Fargo Bank: 1,008 loans
  • JPMorgan Chase Bank: 753 loans
  • Loandepot.com, LLC: 679 loans
  • Freedom Mortgage Corporation: 565 loans
  • Nationstar Mortgage LLC: 554 loans

Top Cash-Out Refinance Lenders in New Jersey by Volume

  • Rocket Mortgage, LLC: 5,644 loans
  • Loandepot.com, LLC: 1,614 loans
  • Wells Fargo Bank: 1,540 loans
  • Nationstar Mortgage LLC: 1,290 loans
  • Police & Fire: 1,220 loans
  • JPMorgan Chase Bank: 889 loans
  • Freedom Mortgage Corporation: 793 loans
  • Newrez LLC: 699 loans
  • Pennymac Loan Services, LLC: 675 loans
  • Amerisave Mortgage Corporation: 583 loans

How we source lender data

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