Current Mortgage Rates in Paterson, New Jersey
Monday, October 06, 2008
Current Mortgage Rates*
Loan Type Paterson Average |
|
| 30-yr. fixed | 6.25% |
| 30-yr. fixed jumbo | 7.00% |
| 15-yr. fixed | 6.00% |
| 15-yr. fixed jumbo | 6.62% |
| 7/1 ARM | 6.50% |
| 7/1 ARM jumbo | 6.50% |
| 5/1 ARM | 6.12% |
| 5/1 ARM jumbo | 6.38% |
| 3/1 ARM | 6.00% |
| 3/1 ARM jumbo | 6.12% |
| 1-yr. ARM | 5.38% |
| 1-yr. ARM jumbo | 5.62% |
| 1-yr. LIBOR ARM | 6.25% |
*Mortgage Rates Updated: 10/06/2008
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Current Mortgage Rates in Paterson, New Jersey
| Paterson 30-yr. fixed Mortgage Rates | Paterson 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 7.23% | 7.61% | 2.70 | Citibank | 7.00% | 7.14% | 0.25 |
| Bank of America | 6.61% | 6.76% | 0.80 | Bank of America | 7.34% | 7.59% | 1.79 |
| Wachovia | 6.25% | 6.38% | 0.65 | Wells Fargo | 9.29% | 9.36% | 0.27 |
| Wells Fargo | 6.43% | 6.51% | 0.24 | Chase | 7.75% | 7.80% | 0.15 |
| Chase | 6.32% | 6.40% | 0.08 | ||||
| Paterson 15-yr. fixed Mortgage Rates | Paterson 15-yr. fixed jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 7.18% | 8.21% | 5.44 | Citibank | 6.75% | 6.89% | 0.00 |
| Bank of America | 6.21% | 6.47% | 0.88 | Bank of America | 7.21% | 7.61% | 1.63 |
| Wachovia | 5.74% | 6.00% | 0.82 | Wells Fargo | 7.98% | 8.10% | 0.41 |
| Wells Fargo | 6.16% | 6.30% | 0.33 | Chase | 6.50% | 6.59% | 0.00 |
| Chase | 6.32% | 6.45% | 0.07 | ||||
| Paterson 7/1 ARM Mortgage Rates | Paterson 7/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.50% | 7.21% | 0.25 | Citibank | 7.00% | 7.46% | 0.00 |
| Bank of America | 6.48% | 6.44% | 1.24 | Bank of America | 6.88% | 7.36% | 0.48 |
| Wachovia | 5.78% | 5.83% | 0.59 | Wells Fargo | 8.44% | 7.47% | 0.30 |
| Wells Fargo | 7.34% | 6.87% | 0.18 | Chase | 6.62% | 7.15% | 0.12 |
| Chase | 6.85% | 6.41% | 0.04 | ||||
| Paterson 5/1 ARM Mortgage Rates | Paterson 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.38% | 7.29% | 0.12 | Citibank | 6.88% | 7.47% | 0.00 |
| Bank of America | 6.53% | 6.17% | 0.89 | Bank of America | 8.14% | 6.63% | 1.05 |
| Wells Fargo | 7.07% | 6.58% | 0.24 | Wells Fargo | 7.81% | 6.83% | 0.34 |
| Chase | 6.82% | 6.27% | 0.02 | Chase | 7.78% | 6.66% | 0.00 |
| Paterson 3/1 ARM Mortgage Rates | Paterson 3/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.62% | 7.51% | 0.00 | Citibank | 7.00% | 7.62% | 0.00 |
| Bank of America | 6.14% | 6.18% | 0.94 | Bank of America | 6.88% | 7.60% | 0.08 |
| Wachovia | 5.54% | 5.61% | 0.48 | Wells Fargo | 6.75% | 7.52% | 0.12 |
| Wells Fargo | 6.38% | 7.44% | 0.12 | Chase | 6.75% | 7.41% | 0.00 |
| Chase | 6.75% | 7.37% | 0.00 | ||||
| Paterson 1-yr. ARM Mortgage Rates | Paterson 1-yr. ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.75% | 7.76% | 0.00 | Citibank | 7.00% | 7.90% | 0.00 |
| Bank of America | 7.42% | 6.20% | 1.53 | Wells Fargo | 7.25% | 7.74% | 0.12 |
| Wells Fargo | 7.25% | 7.78% | 0.12 | Chase | 7.12% | 7.62% | 0.00 |
| Chase | 6.12% | 7.53% | 0.12 | ||||
Alexander Hamilton Federal Savings and Loan Association, 1 Coly Street, Paterson New Jersey 7505
Alexander Hamilton Savings and Loan Association of Paterson, 1 Coly Street, Paterson New Jersey 7505
Broadway Bank & Trust Company, 100 Hamilton Plaza, Paterson New Jersey 7509
First Federal Savings and Loan Association, 177 Market St, Paterson New Jersey 7505
Franklin Bank, 148 Market Street, Paterson New Jersey 7509
Irving Federal Savings and Loan Association, 126 Market Street, Paterson New Jersey 7505
Irving Savings and Loan Association, 126 Market St, Paterson New Jersey 7505
Lakeview Savings Bank, 1117-1119 Main St, Paterson New Jersey 7503
Northeastern Bank, 148 Market Street, Paterson New Jersey 7509
United Savings Bank, 136 Market Street, Paterson New Jersey 7505
Alexander Hamilton Savings and Loan Association of Paterson, 1 Coly Street, Paterson New Jersey 7505
Broadway Bank & Trust Company, 100 Hamilton Plaza, Paterson New Jersey 7509
First Federal Savings and Loan Association, 177 Market St, Paterson New Jersey 7505
Franklin Bank, 148 Market Street, Paterson New Jersey 7509
Irving Federal Savings and Loan Association, 126 Market Street, Paterson New Jersey 7505
Irving Savings and Loan Association, 126 Market St, Paterson New Jersey 7505
Lakeview Savings Bank, 1117-1119 Main St, Paterson New Jersey 7503
Northeastern Bank, 148 Market Street, Paterson New Jersey 7509
United Savings Bank, 136 Market Street, Paterson New Jersey 7505
United Savings Bank, Sla, 136 Market St, Paterson New Jersey 7505
Credit Unions in Paterson, New Jersey
Oko Cal, 959 Market Street, Paterson NJ 7513 (201) 825-0300Paterson Firemen, 850 Madison Ave, Paterson NJ 7501 (973) 881-6710
Mortgage Statistics for Paterson, New Jersey
| Paterson | New Jersey | USA | |
|---|---|---|---|
| Population: Population - The population of Paterson, NJ  |
149,237 | 8,413,990 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Paterson mortgage. |
45,921 | 6,102,477 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Paterson mortgage. |
49,095 | 1,137,013 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Paterson mortgage. |
74,781 | 1,111,892 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Paterson, NJ, where you might buy a home. |
47,175 | 3,310,197 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Paterson, where you might apply for a Paterson mortgage. |
3 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Paterson, NJ |
$150,536 | $179,635 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Paterson mortgage interest rates. |
$33,445 | $57,662 | $43,800 |