US Mortgages: New Jersey Mortgage Rates

By: EconomyWatch   Date: 27 October 2010

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Mortgage industry in New Jersey has experienced a growing tendency in the recent years.

The mortgage programme in the state is as follows:

New Jersey Mortgage Rate

The mortgage rate in New Jersey can be broadly distinguished in two types like fixed rate mortgage and the adjustable rate mortgages.

In case of a fixed rate mortgage the interest rate stays fixed for the whole life.

 

Conforming Fixed Rates
10 Year Fixed 6.00 %
15 Year Fixed 6.00 %
20 Year Fixed 6.25 %
30 Year Fixed 6.38 %
Adjustable
1/1 Adjustable 6.00 %
3/1 Adjustable 6.25 %
5/1 Adjustable 6.38 %
7/1 Adjustable 6.50 %
10/1 Adjustable 6.63 %

  

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