Current Mortgage Rates in New Jersey

Tuesday, October 07, 2008



Current Mortgage Rates*

Loan Type
New Jersey Average
30-yr. fixed6.25%
30-yr. fixed jumbo7.00%
15-yr. fixed6.00%
15-yr. fixed jumbo6.62%
7/1 ARM6.50%
7/1 ARM jumbo6.50%
5/1 ARM6.12%
5/1 ARM jumbo6.38%
3/1 ARM6.00%
3/1 ARM jumbo6.12%
1-yr. ARM5.38%
1-yr. ARM jumbo5.62%
1-yr. LIBOR ARM6.25%
*Mortgage Rates Updated: 10/06/2008

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Current Mortgage Rates in New Jersey

New Jersey 30-yr. fixed Mortgage Rates New Jersey 30-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank7.23%7.61%2.70Citibank7.00%7.14%0.25
Bank of America6.61%6.76%0.80Bank of America7.34%7.59%1.79
Wachovia6.25%6.38%0.65Wells Fargo9.29%9.36%0.27
Wells Fargo6.43%6.51%0.24Chase7.75%7.80%0.15
Chase6.32%6.40%0.08 
New Jersey 15-yr. fixed Mortgage Rates New Jersey 15-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank7.18%8.21%5.44Citibank6.75%6.89%0.00
Bank of America6.21%6.47%0.88Bank of America7.21%7.61%1.63
Wachovia5.74%6.00%0.82Wells Fargo7.98%8.10%0.41
Wells Fargo6.16%6.30%0.33Chase6.50%6.59%0.00
Chase6.32%6.45%0.07 
New Jersey 7/1 ARM Mortgage Rates New Jersey 7/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.50%7.21%0.25Citibank7.00%7.46%0.00
Bank of America6.48%6.44%1.24Bank of America6.88%7.36%0.48
Wachovia5.78%5.83%0.59Wells Fargo8.44%7.47%0.30
Wells Fargo7.34%6.87%0.18Chase6.62%7.15%0.12
Chase6.85%6.41%0.04 
New Jersey 5/1 ARM Mortgage Rates New Jersey 5/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.38%7.29%0.12Citibank6.88%7.47%0.00
Bank of America6.53%6.17%0.89Bank of America8.14%6.63%1.05
Wells Fargo7.07%6.58%0.24Wells Fargo7.81%6.83%0.34
Chase6.82%6.27%0.02Chase7.78%6.66%0.00
New Jersey 3/1 ARM Mortgage Rates New Jersey 3/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.62%7.51%0.00Citibank7.00%7.62%0.00
Bank of America6.14%6.18%0.94Bank of America6.88%7.60%0.08
Wachovia5.54%5.61%0.48Wells Fargo6.75%7.52%0.12
Wells Fargo6.38%7.44%0.12Chase6.75%7.41%0.00
Chase6.75%7.37%0.00 
New Jersey 1-yr. ARM Mortgage Rates New Jersey 1-yr. ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.75%7.76%0.00Citibank7.00%7.90%0.00
Bank of America7.42%6.20%1.53Wells Fargo7.25%7.74%0.12
Wells Fargo7.25%7.78%0.12Chase7.12%7.62%0.00
Chase6.12%7.53%0.12 

Current Mortgage Rates by City

Index: A->D   D->H   H->M   M->R    R->W   W->W   
   

Mortgage Statistics for New Jersey

  New Jersey USA
Population:
Population - The population of New Jersey
 8,413,990 284,881,454
White Population:
White Population - The number of white people living in where you might apply for a New Jersey mortgage.
 6,102,477 210,951,199
Black Population:
Black Population - The number of black people living in where you might apply for a New Jersey mortgage.
 1,137,013 33,966,477
Hispanic Population:
Hispanic Population - The number of hispanic people living in where you might apply for a New Jersey mortgage.
 1,111,892 34,671,551
HouseHolds:
HouseHolds - The total number of households in New Jersey, where you might buy a home.
 3,310,197 117,153,924
Person per Household:
Person per Household - The average number of people in a household in New Jersey, where you might apply for a New Jersey mortgage.
 2 2
Average House Value:
Average House Value - The average house value in New Jersey
 $179,635 $132,188
Income per Household:
Income per Household - The household income where you might compare New Jersey mortgage interest rates.
 $57,662 $43,800