New Jersey Mortgage Rates

Understanding New Jersey Mortgage Interest Rates

Mortgage rates in New Jersey, like the rest of the country, have been below historical lows for several years now.  Since the mortgage market collapse in 2007-2008, along with the overall economic instability in the United States and globally, the government has worked to keep interest rates at record lows.

This is done through various means of governmental financial support.  The US government has helped fund GSE’s (government sponsored enterprise) such as Fannie Mae, Freddie Mac, and FHA insured lending.  This financial support made it possible for these agencies to continue lending money, at histrorically low rates, even when the economy was at it’s worst.

In time this ‘extra’ support will end and the lending markets will go back to more traditional means of pricing Mortgage Rates.

Read our Current New Jersey Interest Rate blog

Learn More about Refinancing Rates in New Jersey

Learn More about Purchase Mortgage Rates in New Jersey