Updated
May 08, 2023 Below you can see the current average mortgage rates in New Jersey for both conventional and non-conventional mortgages. You can also compare them to current national rates as well as historical interest rates for both NJ and nationally.
Current Mortgage Rates in NJ
| Mortgage Type | Avg. NJ Rate | National Rate |
| 30-Year Fixed | 4.20% | 3.60% |
| 15-Year Fixed | 3.43% | 3.05% |
| 30-Year 5/1 ARM | 3.93% | 3.36% |
| 30-Year 3/1 ARM | 4.13% | – |
| 30-Year 7/1 ARM | 3.99% | – |
| 30-Year 10/1 ARM | 3.99% | – |
Last update: 2/4/2020
Source: Consumer Financial Protection Bureau, Federal Reserve Bank of St. Louis
Non-Conventional Mortgage Rates in NJ
| Mortgage Type | Avg. NJ Rate |
| FHA 30-Year Fixed | 3.87% |
| FHA 15-Year Fixed | 3.82% |
| VA 30-Year Fixed | 3.85% |
| VA 15-Year Fixed | 3.85% |
Last update: 2/4/2020
Source: Consumer Financial Protection Bureau
Historical Mortgage Rate Trends in NJ
Source: Federal Housing Finance Agency Monthly Interest Rate Survey
Note: Adjustable mortgage rates excluded due to insufficient data.
Historical Mortgage Rate Trends in the U.S.
Source: Freddie Mac