Best New Jersey Mortgage Rates MortgageloansNJ.com
There is no doubt that our mortgage brokers get clients some of the best mortgage rates in New Jersey. However, as they will tell you, a mortgage rate is only one part of the aspects that make up a complete mortgage solution. You see a mortgage rate is important, however there are other factors such as points and types of mortgages that play a role in a custom mortgage solution. For some people they may not be aware of these aspects and may only feel the rate is the bottom line. Well that is where our brokers are different from most, we will educate you about how a complete mortgage solution works and how the lowest rate is not the only factor.
Daily Average NJ Mortgage Rates as of 9/06/05, 3: P.M.
These rates are provided as an estimate and may not reflect actual rates because of your credit rating and other factors. Rates are only one part of the complete mortgage solution we provide.
| Low | Avg. | High | |
|---|---|---|---|
| 30 yr fixed mtg | 5.070 | 5.450 | 5.930 |
| 15 yr fixed mtg | 4.670 | 5.090 | 5.710 |
| 30 yr fixed jumbo mtg | 5.280 | 5.650 | 6.020 |
| 5/1 ARM | 5.580 | 5.930 | 6.240 |
| 5/1 jumbo ARM | 5.690 | 5.950 | 6.290 |
| 3/1 ARM | 5.800 | 6.110 | 6.430 |
| 7/1 ARM | 5.390 | 5.840 | 6.340 |
| 10/1 ARM | 5.350 | 5.760 | 6.090 |
| 5/1 jumbo ARM (interest only) | 5.690 | 5.960 | 6.290 |
| 3/1 jumbo ARM | 5.880 | 6.100 | 6.570 |
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When a mortgage lender underwrites your application, they may want to charge additional point on top of the current mortgage rate and/or to close the mortgage. The reason is because some of your criteria may not fit their requirements for credit score or equity. Thats why its important to have a diligent and experienced mortgage broker on your side.
Our mortgage brokers make the extra effort to make sure you get the lowest monthly payment available. If you have less than perfect or bad credit, they will work with every lender available to find the best combination of mortgage rates and points if any at all. If you have great credit, you get the best available. Remember our job is making you happy and we feel that saving you money is how to do it.
Have one of our brokers come to your home and provide a projected rate for your mortgage needs. Click here for a mortgage loan or mortgage refinance quote.