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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
Avg. NJ Rate
30-Year 5/1 ARM
30-Year 3/1 ARM
30-Year 7/1 ARM
30-Year 10/1 ARM
Last update: 2/4/2020 Source: Consumer Financial Protection Bureau, Federal Reserve Bank of St. Louis
Non-Conventional Mortgage Rates in NJ
Avg. NJ Rate
FHA 30-Year Fixed
FHA 15-Year Fixed
VA 30-Year Fixed
VA 15-Year Fixed
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.
Andrew writes engaging and informative content for readers looking to find information about topics such as mortgages, student loans, credit cards, personal loans, and small business financing. Andrew graduated from the University of Delaware and his work has been featured in Market Watch, Bankrate, The Penny Hoarder, Lacrosse Tribune, and more.