Current Mortgage Rates in Summit, New Jersey
Saturday, November 21, 2009
Current Mortgage Rates*
Loan Type Summit Average |
|
| 30-yr. fixed | 4.88% |
| 30-yr. fixed jumbo | 5.25% |
| 15-yr. fixed | 4.38% |
| 15-yr. fixed jumbo | 4.62% |
| 7/1 ARM | 4.62% |
| 7/1 ARM jumbo | 5.12% |
| 5/1 ARM | 4.12% |
| 5/1 ARM jumbo | 4.50% |
| 3/1 ARM | 4.00% |
| 3/1 ARM jumbo | 4.62% |
| 1-yr. ARM | 3.38% |
| 1-yr. ARM jumbo | 3.38% |
| 1-yr. LIBOR ARM | 4.25% |
*Mortgage Rates Updated: 11/21/2009
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Current Mortgage Rates in Summit, New Jersey
| Summit 30-yr. fixed Mortgage Rates | Summit 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 5.20% | 5.24% | 0.18 | Wells Fargo | 5.73% | 5.86% | 1.00 |
| Wells Fargo | 4.86% | 5.04% | 1.00 | Chase | 5.65% | 5.77% | 1.00 |
| Chase | 4.87% | 5.03% | 1.00 | ||||
| Summit 15-yr. fixed Mortgage Rates | Summit 15-yr. fixed jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 4.62% | 4.69% | 0.11 | Chase | 5.73% | 5.95% | 1.05 |
| Wells Fargo | 4.32% | 4.60% | 0.76 | ||||
| Chase | 4.32% | 4.60% | 1.03 | ||||
| Summit 7/1 ARM Mortgage Rates | Summit 7/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Wells Fargo | 3.86% | 3.67% | 1.00 | Chase | 5.13% | 4.12% | 1.03 |
| Chase | 4.30% | 3.83% | 1.05 | ||||
| Summit 5/1 ARM Mortgage Rates | Summit 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Wells Fargo | 3.62% | 3.56% | 1.04 | Wells Fargo | 4.88% | 3.87% | 1.00 |
| Chase | 3.81% | 3.60% | 1.03 | Chase | 4.82% | 3.86% | 1.05 |
| Summit 3/1 ARM Mortgage Rates | Summit 3/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Wells Fargo | 4.01% | 3.60% | 1.00 | Chase | 5.56% | 3.83% | 1.03 |
| Chase | 4.21% | 3.62% | 1.00 | ||||
| Summit 1-yr. ARM Mortgage Rates | Summit 1-yr. ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Chase | 4.17% | 3.55% | 1.00 | Chase | 5.29% | 3.57% | 1.05 |
Banks in Summit, New Jersey
Hilltop Community Bank, 385 Springfield Avenue, Summit New Jersey 7901Summit Bank, 367 Springfield Road, Summit New Jersey 7901
Summit Federal Savings Bank, 393 Springfield Avenue, Summit New Jersey 7901
The Summit Trust Company, 367 Springfield Avenue, Summit New Jersey 7901
Credit Unions in Summit, New Jersey
Atlantic Health System, P. O. Box 220, Summit NJ 07902-0220 (908) 522-3530Mortgage Statistics for Summit, New Jersey
| Summit | New Jersey | USA | |
|---|---|---|---|
| Population: Population - The population of Summit, NJ  |
22,634 | 8,413,990 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Summit mortgage. |
19,945 | 6,102,477 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Summit mortgage. |
920 | 1,137,013 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Summit mortgage. |
2,186 | 1,111,892 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Summit, NJ, where you might buy a home. |
8,763 | 3,310,197 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Summit, where you might apply for a Summit mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Summit, NJ |
$432,000 | $179,635 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Summit mortgage interest rates. |
$93,785 | $57,662 | $43,800 |