Today’s Refinance Rates in New Jersey

To help you stay up-to-date, MoneyGeek compiled current refinance rates in New Jersey. These will help you find the best offer for your refinancing needs. Our table below shows the most recent mortgage refinance rates in the state.

Based on economic data from the Federal Reserve Bank of St. Louis, current refinancing rates in New Jersey are lower than the national averages. For example, the national mortgage rate for a 15-year FRM is 4.45%, while New Jersey's is 4.26%. Similarly, refinance rates in New Jersey are 5.02% for a 30-year FRM and 4.10% for a 5/1 ARM, compared to 5.30% and 4.10% for the same loan types in the nation.

Refinancing your home loan allows you to lock in a lower interest rate. It's necessary to keep in mind, though, that a "good" rate is subjective. When determining your rate, personal information like your loan amount, creditworthiness and income are all taken into account.

You can find the best rate for your situation by comparing quotes from several lenders. Refinance rates in New Jersey can vary quickly, so be sure to act fast once you find a deal you like.

You can use the current refinance rates in New Jersey to estimate your new monthly mortgage payment. To do this, simply enter your mortgage information into MoneyGeek's refinance calculator. We'll then show you how much you'll pay every month based on the current going rates in New Jersey.

Again, these rates change daily and may vary based on your credit score, debt-to-income ratio, loan term and other personal factors.

MoneyGeek answers some of the most frequently asked questions regarding mortgage refinance rates in New Jersey.