New Jersey Mortgage and Refinance Rates

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Current New Jersey Mortgage Rates

Average market rates for September 17, 2024 in New Jersey are 5.59% for 30-year fixed purchase and 5.65% for 30-year fixed refinance

ProductRateAPR
30-year Fixed Purchase5.59%5.69%
30-year Fixed Refinance5.65%5.76%
Rates based on market averages as of Sep 17, 2024.
ProductRateAPR
30-year Fixed Purchase5.59%5.69%
30-year Fixed Refinance5.65%5.76%
Rates based on market averages as of Sep 17, 2024.

New Jersey Purchase Rates

ProductRateAPR
15-year Fixed Purchase4.65%4.80%
15-year Fixed Jumbo Purchase5.06%5.22%
30-year Fixed Purchase5.59%5.69%
30-year Fixed Jumbo Purchase6.10%6.20%
Rates based on market averages as of Sep 17, 2024.

New Jersey Refinance Rates

ProductRateAPR
15-year Fixed Refinance4.66%4.82%
15-year Fixed Jumbo Refinance5.08%5.23%
30-year Fixed Refinance5.65%5.76%
30-year Fixed Jumbo Refinance6.21%6.31%
Rates based on market averages as of Sep 17, 2024.

New Jersey ARM Rates

ProductRateAPR
5/6 Arm (purchase)6.20%6.32%
5/6 Arm (refinance)6.29%6.41%
5/6 Jumbo Arm (purchase)5.91%5.96%
5/6 Jumbo Arm (refinance)5.93%5.99%
Rates based on market averages as of Sep 17, 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

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