New Jersey Mortgage and Refinance Rates

Read Time: 0 minutes

Current New Jersey Mortgage Rates

Average market rates for April 17, 2024 in New Jersey are 7.29% for 30-year fixed purchase and 7.34% for 30-year fixed refinance

ProductRateAPR
30-year Fixed Purchase7.29%7.32%
30-year Fixed Refinance7.34%7.37%
Rates based on market averages as of Apr 16, 2024.
ProductRateAPR
30-year Fixed Purchase7.29%7.32%
30-year Fixed Refinance7.34%7.37%
Rates based on market averages as of Apr 16, 2024.

New Jersey Purchase Rates

ProductRateAPR
15-year Fixed Purchase6.47%6.51%
15-year Fixed Jumbo Purchase6.88%6.92%
30-year Fixed Purchase7.29%7.32%
30-year Fixed Jumbo Purchase7.65%7.67%
Rates based on market averages as of Apr 16, 2024.

New Jersey Refinance Rates

ProductRateAPR
15-year Fixed Refinance6.46%6.50%
15-year Fixed Jumbo Refinance6.89%6.93%
30-year Fixed Refinance7.34%7.37%
30-year Fixed Jumbo Refinance7.64%7.66%
Rates based on market averages as of Apr 16, 2024.

New Jersey ARM Rates

ProductRateAPR
5/6 Arm (purchase)7.67%7.72%
5/6 Arm (refinance)7.69%7.74%
5/6 Jumbo Arm (purchase)6.99%7.00%
5/6 Jumbo Arm (refinance)7.01%7.02%
Rates based on market averages as of Apr 16, 2024.

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

Compare Rates and Save on Your Mortgage Loan

See Today's Rates