East Hanover, New Jersey Mortgage Rates - October 2026
Brian McKay
Brian McKay
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East Hanover, New Jersey mortgage rates from lenders serving New Jersey range from 5.25% to 8.25%, verified by MonitorBankRates as of October 14, 2026. Current 30-year fixed mortgage rates for East Hanover, New Jersey borrowers from lenders serving New Jersey include H & E Telephone Federal Credit UnionH & E Telephone Federal Credit UnionA+5.0 ★Texas Ratio: 4.40% at 5.25%, Spencer Savings BankSpencer Savings BankA+5.0 ★Texas Ratio: 3.96% at 6.25%, Ascendia BankAscendia BankA+5.0 ★Texas Ratio: 1.20% at 6.24%, First Financial Federal Credit UnionFirst Financial Federal Credit UnionB+4.8 ★Texas Ratio: 17.97% at 6.50%, and Lusitania Savings BankLusitania Savings BankA+5.0 ★Texas Ratio: 0.71% at 6.625%. Mortgage rates as of October 14, 2026 according to verified data from MonitorBankRates.
East Hanover borrowers can compare 165 mortgage rates from 36 lenders serving the New Jersey area, with mortgage rates as low as 5.25% from H & E Telephone Federal Credit Union. Use the tabs below to compare available loan types. Rates are continually updated, so we recommend checking back frequently.
Mortgage Rates reflect actual verified offers from lenders actively lending to New Jersey borrowers. Your final approved rate will depend on your credit profile, loan-to-value ratio, and daily market movements. Last Updated and Verified: October 14, 2026
Compare Mortgage Rates Today in East Hanover, New Jersey & the Surrounding Area
East Hanover 30 Year Fixed Mortgage Rates
Effective as of: October 1, 2022
Loan Amounts: Up To $250,000; Owner occupied 1-4 family home in NJ (Mercer, Bergen, Passaic, Hudson, Middlesex, Essex, Morris, Union or Somerset county); income eligibility required; no fees; Contact Us to apply
No additional details available.
- Oct 1, 20266.63%▲ from 6.46%
- Sep 24, 20266.46%first recorded
No additional details available.
- Oct 12, 20266.63%▼ from 6.96%
- Sep 25, 20266.96%first recorded
Owner Occupied
- Oct 12, 20266.67%▲ from 6.42%
- Oct 1, 20266.42%▲ from 6.17%
- Sep 20, 20266.17%▲ from 6.04%
- Sep 14, 20266.04%first recorded
As low as
- Oct 12, 20266.73%▼ from 7.99%
- Oct 8, 20267.99%▲ from 7.74%
- Oct 2, 20267.74%▲ from 7.11%
- Sep 25, 20267.11%▲ from 7.10%
No additional details available.
- Oct 1, 20266.78%▲ from 6.62%
- Sep 24, 20266.62%first recorded
No additional details available.
- Sep 24, 20266.79%▲ from 6.41%
- Sep 16, 20266.41%first recorded
No additional details available.
Fixed-rate mortgage; savings example based on $250,000 loan; excellent credit profile
No additional details available.
- Oct 1, 20266.99%▲ from 6.77%
- Sep 24, 20266.77%first recorded
Owner Occupied; Loan Amounts: Up To $832,750
- Oct 14, 20267.04%▼ from 7.16%
- Oct 7, 20267.16%▼ from 7.29%
- Sep 15, 20267.29%first recorded
No additional details available.
- Oct 1, 20267.09%▲ from 6.92%
- Sep 24, 20266.92%first recorded
Monthly Principal and Interest Payment: $2,627.72; Example based on $400,000 loan amount, 740 minimum credit score, 75% LTV, purchase of primary residence
As Low As; Up to 1.0 points**
As Low As; Lock in peace of mind for the long haul. A 30-year mortgage means lower monthly payments and lasting security.
- Oct 14, 20267.13%▼ from 7.25%
- Oct 1, 20267.25%▲ from 7.13%
- Sep 27, 20267.13%▲ from 7.00%
- Sep 22, 20267.00%▲ from 6.88%
Homepage featured mortgage rate; Purchase; You Don't Have to Pay Points on Your Mortgage
You Don't Have to Pay Points on Your Mortgage!
- Oct 1, 20267.19%▲ from 6.94%
- Sep 19, 20266.94%first recorded
As Low As; Up to 1.0 points**
Monthly Principal and Interest Payment: $2,694.87; Example based on $400,000 loan amount, 740 minimum credit score, 75% LTV, purchase of primary residence
Loan Amount: Up to $749,999
Owner Occupied; Loan Amounts: $832,751-$1,000,000
- Oct 14, 20267.29%▼ from 7.41%
- Oct 7, 20267.41%▲ from 7.29%
- Sep 15, 20267.29%first recorded
Max Loan: $832,750; Advertised rates assume 760 credit score, minimum $150,000 loan amount, owner-occupied single-family; Investment or tenant-occupied properties subject to additional 0.75%
- Oct 7, 20267.35%▲ from 7.22%
- Oct 1, 20267.22%▲ from 6.97%
- Sep 18, 20266.97%▲ from 6.60%
- Sep 15, 20266.60%first recorded
No additional details available.
As Low As; Rates as low as; featured rate from homepage
- Oct 10, 20267.38%▼ from 7.50%
- Oct 2, 20267.50%▲ from 7.38%
- Oct 1, 20267.38%▲ from 7.25%
- Sep 27, 20267.25%▲ from 7.00%
No additional details available.
Effective: 10/13/2026; Loan amounts up to $832,750
Monthly payment per $1000 borrowed: $6.91; Loan amounts: Up To $2,000,000; Investment property
- Oct 14, 20267.42%▲ from 7.32%
- Oct 7, 20267.32%▲ from 6.94%
- Sep 15, 20266.94%first recorded
Loan Amounts: Up To $2,000,000; Owner Occupied Up to 3MM, Investment Up To 2MM; Apply: Contact Us
- Oct 14, 20267.45%▲ from 7.32%
- Sep 24, 20267.32%▲ from 6.94%
- Sep 19, 20266.94%first recorded
As Low As; w/ 0.625 Points; Payment: 1,637.22
As Low As; Rates assume a NY property
- Oct 14, 20267.47%▼ from 7.60%
- Oct 1, 20267.60%▲ from 7.47%
- Sep 27, 20267.47%▲ from 7.22%
- Sep 24, 20267.22%▲ from 7.10%
Effective: 10/13/2026; Subject to income and underwriting eligibility for HomeReady product provided by Fannie Mae; Loan amounts up to $832,750
Today's Mortgage Rates; Apply Now
Owner Occupied; Loan Amounts: $1,000,001-$1,500,000
- Oct 14, 20267.54%▼ from 7.66%
- Oct 7, 20267.66%▲ from 7.29%
- Sep 15, 20267.29%first recorded
Fixed Rate Mortgage; 80% LTV; Effective Date: October 6, 2026; Fixed rates include a 0.25% discount valid only on fixed rate First Mortgage loan types
- Oct 9, 20267.57%▲ from 7.32%
- Oct 2, 20267.32%▲ from 7.07%
- Sep 25, 20267.07%▲ from 6.82%
- Sep 17, 20266.82%▲ from 6.56%
Cost per $10,000 Borrowed: $69.93; Conforming loan; 20% down, 80% LTV, 720+ credit, single family owner-occupied, NJ property; rate lock 30 days
- Oct 13, 20267.61%▲ from 7.02%
- Sep 14, 20267.02%first recorded
Conventional Fannie Mae Mortgage; Origination Fee or Lender Credit: -0.393%
- Oct 12, 20267.67%▼ from 7.80%
- Oct 4, 20267.80%▲ from 7.54%
- Oct 2, 20267.54%▲ from 7.41%
- Sep 25, 20267.41%▲ from 7.16%
Refinance; Based on $300,000 loan amount; Rates include 0.125% autopay and paperless discount
- Oct 14, 20267.72%▲ from 7.34%
- Sep 15, 20267.34%first recorded
No additional details available.
- Oct 8, 20267.72%▲ from 7.59%
- Oct 1, 20267.59%▲ from 7.47%
- Sep 28, 20267.47%▲ from 7.21%
- Sep 16, 20267.21%first recorded
No additional details available.
- Oct 8, 20267.72%▲ from 7.59%
- Oct 1, 20267.59%▲ from 7.47%
- Sep 24, 20267.47%first recorded
Owner Occupied; Loan Amounts: $1,500,001-$2,000,000
- Oct 14, 20267.79%▲ from 7.66%
- Oct 7, 20267.66%▲ from 7.29%
- Sep 15, 20267.29%first recorded
Conforming mortgage; rates shown for New York counties only
- Oct 14, 20267.90%▼ from 7.90%
- Sep 27, 20267.90%first recorded
Rates shown for New York counties only (Bronx, Kings, New York, Orange, Queens, Richmond, Rockland, Westchester, Nassau, Suffolk, Erie); assumes 80% LTV, 740 credit score, 60-day lock
HSBC Deluxe Mortgage rates; Jumbo mortgage; Rates shown for New York only
- Oct 14, 20267.94%▲ from 7.88%
- Oct 7, 20267.88%▲ from 7.20%
- Sep 18, 20267.20%first recorded
Jumbo mortgage; based on 65% LTV, credit score 740, 60-day lock; rates shown for New York only
- Oct 14, 20267.94%▼ from 7.96%
- Oct 7, 20267.96%first recorded
No additional details available.
- Oct 8, 20267.95%▲ from 7.70%
- Oct 4, 20267.70%▼ from 7.82%
- Oct 2, 20267.82%▲ from 7.45%
- Sep 25, 20267.45%▲ from 7.32%
No additional details available.
Conventional Fannie Mae Mortgage; Origination Fee or Lender Credit: -0.391%
- Oct 12, 20268.17%▲ from 8.05%
- Oct 8, 20268.05%▼ from 8.31%
- Oct 4, 20268.31%▲ from 8.30%
- Oct 2, 20268.30%▲ from 7.67%
As Low As; Mortgage rate assumes Nassau or Suffolk County NY primary residence, LTV 75% or less (purchase) or 70% or less (refinance), rate lock 60 days or less, credit score 780 or above
- Oct 1, 20268.56%▲ from 8.43%
- Sep 27, 20268.43%▲ from 8.06%
- Sep 24, 20268.06%▲ from 7.68%
- Sep 18, 20267.68%▲ from 7.56%
Type: Conforming; 0 Points Rate
East Hanover 15 Year Fixed Mortgage Rates
Loan Amounts: Up To $250,000; Owner occupied 1-4 family home in NJ (Mercer, Bergen, Passaic, Hudson, Middlesex, Essex, Morris, Union or Somerset county); income eligibility required; no fees; Contact Us to apply
No additional details available.
- Sep 24, 20266.06%▲ from 5.68%
- Sep 16, 20265.68%first recorded
Owner Occupied; Loan Amounts: Up To $832,750
- Oct 14, 20266.31%▼ from 6.43%
- Oct 7, 20266.43%▼ from 6.55%
- Sep 15, 20266.55%first recorded
No additional details available.
- Oct 1, 20266.31%▲ from 6.05%
- Sep 24, 20266.05%first recorded
No additional details available.
No additional details available.
- Oct 1, 20266.40%▲ from 6.15%
- Sep 24, 20266.15%first recorded
No additional details available.
- Oct 1, 20266.49%▲ from 6.24%
- Sep 24, 20266.24%first recorded
As low as
- Oct 12, 20266.49%▼ from 7.50%
- Oct 8, 20267.50%▲ from 7.38%
- Oct 2, 20267.38%▲ from 7.12%
- Sep 25, 20267.12%▲ from 6.99%
As Low As; Get peace of mind with predictable monthly payments. Both traditional and short-term options available.
- Sep 27, 20266.50%▲ from 6.25%
- Sep 18, 20266.25%▲ from 6.13%
- Sep 14, 20266.13%first recorded
Owner Occupied; Loan Amounts: $832,751-$1,000,000
- Oct 14, 20266.56%▼ from 6.68%
- Oct 7, 20266.68%▲ from 6.55%
- Sep 15, 20266.55%first recorded
No additional details available.
- Oct 1, 20266.58%▲ from 6.33%
- Sep 24, 20266.33%first recorded
Max Loan: $832,750; Advertised rates assume 760 credit score, minimum $150,000 loan amount, owner-occupied single-family; Investment or tenant-occupied properties subject to additional 0.75%
- Oct 1, 20266.67%▲ from 6.41%
- Sep 18, 20266.41%▲ from 6.15%
- Sep 15, 20266.15%first recorded
Monthly Principal and Interest Payment: $3,484.43; Example based on $400,000 loan amount, 740 minimum credit score, 75% LTV, purchase of primary residence
Loan Amount: Up to $749,999
Monthly Principal and Interest Payment: $3,457.00; Example based on $400,000 loan amount, 740 minimum credit score, 75% LTV, purchase of primary residence
No additional details available.
- Oct 12, 20266.76%▲ from 6.63%
- Sep 25, 20266.63%first recorded
Effective: 10/13/2026; Loan amounts up to $832,750
Owner Occupied; Loan Amounts: $1,000,001-$1,500,000
- Oct 14, 20266.81%▼ from 6.93%
- Oct 7, 20266.93%▲ from 6.55%
- Sep 15, 20266.55%first recorded
As Low As; w/ 0.875 Points; Payment: 2,090.66
Conventional Fannie Mae Mortgage; Origination Fee or Lender Credit: 0.000%
- Sep 25, 20266.81%▲ from 6.44%
- Sep 16, 20266.44%first recorded
Origination Fee or Lender Credit: 0.000%
- Oct 12, 20266.83%▲ from 6.70%
- Oct 8, 20266.70%first recorded
No additional details available.
Fixed Rate Mortgage; 80% LTV; Effective Date: October 6, 2026; Fixed rates include a 0.25% discount valid only on fixed rate First Mortgage loan types
- Oct 9, 20266.94%▲ from 6.81%
- Oct 2, 20266.81%▲ from 6.56%
- Sep 25, 20266.56%▲ from 6.31%
- Sep 17, 20266.31%▲ from 6.05%
No additional details available.
Cost per $10,000 Borrowed: $89.19; Conforming loan; 20% down, 80% LTV, 720+ credit, single family owner-occupied, NJ property; rate lock 30 days
- Oct 2, 20266.94%▲ from 6.04%
- Sep 14, 20266.04%first recorded
Refinance; Based on $300,000 loan amount; Rates include 0.125% autopay and paperless discount
Owner Occupied; Loan Amounts: $1,500,001-$2,000,000
- Oct 14, 20267.06%▲ from 6.93%
- Oct 7, 20266.93%▲ from 6.55%
- Sep 15, 20266.55%first recorded
As Low As; Up to 1.0 points**
No additional details available.
- Oct 8, 20267.14%▲ from 7.01%
- Oct 3, 20267.01%▲ from 6.89%
- Sep 24, 20266.89%▲ from 6.63%
- Sep 16, 20266.63%first recorded
As Low As
- Oct 14, 20267.15%▼ from 7.28%
- Oct 7, 20267.28%▲ from 7.15%
- Oct 1, 20267.15%▼ from 7.28%
- Sep 27, 20267.28%▲ from 6.90%
Monthly payment per $1000 borrowed: $9.06; Loan amounts: Up To $2,000,000; Investment property
- Oct 14, 20267.20%▲ from 7.14%
- Sep 15, 20267.14%first recorded
Loan Amounts: Up To $2,000,000; Owner Occupied Up to 3MM, Investment Up To 2MM; Apply: Contact Us
- Oct 14, 20267.24%▲ from 7.14%
- Sep 19, 20267.14%first recorded
No additional details available.
- Oct 8, 20267.27%▲ from 7.14%
- Oct 1, 20267.14%▲ from 7.01%
- Sep 24, 20267.01%first recorded
No additional details available.
- Oct 8, 20267.37%▲ from 7.11%
- Oct 4, 20267.11%▼ from 7.24%
- Oct 2, 20267.24%▲ from 6.99%
- Sep 25, 20266.99%▲ from 6.86%
Today's Mortgage Rates; Apply Now
Conforming mortgage; rates shown for New York counties only
- Oct 14, 20267.50%▲ from 7.39%
- Sep 27, 20267.39%first recorded
Rates shown for New York counties only (Bronx, Kings, New York, Orange, Queens, Richmond, Rockland, Westchester, Nassau, Suffolk, Erie); assumes 80% LTV, 740 credit score, 60-day lock
Conventional Fannie Mae Mortgage; Origination Fee or Lender Credit: 0.310%
- Oct 12, 20267.75%▲ from 7.72%
- Oct 8, 20267.72%▲ from 7.68%
- Oct 4, 20267.68%▼ from 7.69%
- Oct 2, 20267.69%▼ from 7.72%
As Low As; Mortgage rate assumes Nassau or Suffolk County NY primary residence, LTV 75% or less (purchase) or 70% or less (refinance), rate lock 60 days or less, credit score 780 or above
- Sep 27, 20268.09%▲ from 7.97%
- Sep 18, 20267.97%▲ from 7.60%
- Sep 15, 20267.60%first recorded
Type: Conforming; 0 Points Rate
East Hanover 5/1 ARM Mortgage Rates
Loan amount up to $970,800
Loan limit: Up to $970,800 (Morris County, NJ); Jumbo ARMs ($417,000 and over) add 0.125% to stated rates
As Low As; Enjoy a low initial rate that adjusts with the market. Various terms and options available.
- Oct 14, 20266.00%▼ from 6.13%
- Oct 1, 20266.13%▲ from 5.63%
- Sep 18, 20265.63%▲ from 5.50%
- Sep 14, 20265.50%first recorded
Loan amount up to $970,800
Loan limit: Up to $970,800 (Morris County, NJ); Jumbo ARMs ($417,000 and over) add 0.125% to stated rates
No additional details available.
First 5 Years; Rate may adjust every year; Rate current as of 9/30/2026; Based on excellent credit profile (FICO 740); Lifetime rate cap of 6.00% above intro rate; Rate discounted 0.25% with Trustco Auto Pay Program; Lender paid PMI on loans over 89.5% LTV; No borrower paid PMI; No appraisal fee; No real estate tax escrow required
- Oct 3, 20266.45%▲ from 6.20%
- Sep 15, 20266.20%first recorded
Fully Indexed Rate: 6.750%
Owner Occupied
- Oct 12, 20266.55%▲ from 6.45%
- Oct 8, 20266.45%▲ from 6.37%
- Oct 1, 20266.37%▲ from 6.18%
- Sep 24, 20266.18%▲ from 6.03%
Monthly Payment per $1000: $5.76 (first 60 monthly payments); Monthly Principal & Interest Payments Based on a $100,000 Loan: 60 payments of $575.66 then 300 payments at $661.97 at a rate of 7.125% based on current index and margin
Adjustable Rate Mortgage: 60 months fixed, then adjusts every six months; Max Loan: $832,750; Advertised rates assume 760 credit score, minimum $150,000 loan amount
Primary Residence/Second Home - held in a personal name; Rate fixed for 5 years; Fully indexed rate: 6.500% for 25 years; Maximum LTV 75%; Maximum rate increase 5% over the life of the loan
Fixed Period: Fixed for 5 years and then adjusts yearly.
No additional details available.
- Oct 8, 20266.71%▲ from 6.14%
- Sep 16, 20266.14%first recorded
Adjustable Rate 1st Mortgages (Up to $970,800)
Loan amounts up to $970,800
299 payments at 7.250%; 1 payment at 7.250%
Adjustable Rate 1st Mortgages (Up to $970,800)
Loan amounts up to $970,800
Jumbo mortgage; based on 65% LTV, credit score 740, 60-day lock; rates shown for New York only
- Oct 14, 20266.83%▲ from 6.76%
- Oct 7, 20266.76%▲ from 6.75%
- Oct 1, 20266.75%first recorded
No additional details available.
Owner Occupied; Loan Amounts: Up To $832,750
- Oct 14, 20266.86%▼ from 6.90%
- Oct 1, 20266.90%▼ from 6.93%
- Sep 27, 20266.93%▼ from 6.96%
- Sep 19, 20266.96%first recorded
As Low As; Initial fixed period 5 years, then adjusts annually; Rate and APR assume NY property (Nassau or Suffolk County), primary residence, LTV 75% or less purchase/70% or less refinance, 60-day rate lock, credit score 780 or above
As Low As; Home Loans
Owner Occupied; Loan Amounts: Up To $832,750
- Oct 14, 20266.93%▲ from 6.88%
- Oct 7, 20266.88%▼ from 6.90%
- Sep 27, 20266.90%▲ from 6.86%
- Sep 19, 20266.86%first recorded
Owner Occupied; Loan Amounts: Between $832,751 - $1,000,000
- Oct 14, 20266.95%▼ from 7.00%
- Oct 1, 20267.00%▼ from 7.03%
- Sep 27, 20267.03%▲ from 6.96%
- Sep 19, 20266.96%first recorded
Pay just Plus enjoy local decision-making and free mortgage counseling.
Loan Amount: Up to $749,999
Owner Occupied; Loan Amounts: Between $832,751-$1,000,000
- Oct 14, 20267.03%▼ from 7.08%
- Oct 7, 20267.08%▼ from 7.10%
- Sep 27, 20267.10%▲ from 6.96%
- Sep 19, 20266.96%first recorded
Price per Thousand: $6.65
Owner Occupied; Loan Amounts: Between $1,000,001-$1,500,000
- Oct 14, 20267.05%▲ from 7.00%
- Oct 1, 20267.00%▼ from 7.03%
- Sep 27, 20267.03%▲ from 6.96%
- Sep 19, 20266.96%first recorded
As Low As; Up to 1.0 points**
Owner Occupied; Loan Amounts: Between $1,000,001-$1,500,000
- Oct 14, 20267.13%▼ from 7.18%
- Oct 7, 20267.18%▲ from 7.10%
- Sep 27, 20267.10%▲ from 6.96%
- Sep 19, 20266.96%first recorded
Owner Occupied; Loan Amounts: Between $1,500,001 - $2,000,000
- Oct 14, 20267.15%▲ from 7.10%
- Oct 1, 20267.10%▲ from 7.03%
- Sep 27, 20267.03%▲ from 6.96%
- Sep 19, 20266.96%first recorded
Interest Rate 6.500%; APR 7.159%
Adjustable rate mortgage
Owner Occupied; Loan Amounts: Between $1,500,001 -$2,000,000
- Oct 14, 20267.23%▲ from 7.18%
- Oct 7, 20267.18%▲ from 7.10%
- Sep 27, 20267.10%▲ from 6.96%
- Sep 19, 20266.96%first recorded
Monthly payment per $1000 borrowed: $6.08; Loan amounts: Up To $2,000,000; Investment property; Adjustable rate loan
ARM: 5/1 initial fixed period; Index: 1 Year Treasury; Margin 2.875%; Loan Amounts: Up To $2,000,000; Owner Occupied Up to 3MM, Investment Up To 2MM; Apply: Contact Us
As Low As; Up to 1.0 points**; ** Members without permanent resident status may be charged up to 1.0 origination points and 0.750% added to the loan rate.
East Hanover 30-Year Jumbo Mortgage Rates
Term: 3/1 year ARM (30 year payout); As Low As; Up to 1.0 points**
Term: 5/1 year ARM (30 year payout); As Low As; Up to 1.0 points**
Term: 7/1 year ARM (30 year payout); As Low As; Up to 1.0 points**
As Low As; Up to 1.0 points**
Term: 30 year fixed (not offered on co-ops); As Low As; Up to 1.0 points**
Adjustable rate mortgage; jumbo loan; loan amounts from $832,751 - $2,000,000; rates effective 10/13/2026
Origination Fee or Lender Credit: 0.000%; Conventional Fannie Mae
- Oct 12, 20266.71%▲ from 6.65%
- Oct 2, 20266.65%▲ from 6.56%
- Sep 25, 20266.56%▲ from 6.42%
- Sep 16, 20266.42%first recorded
Origination Fee or Lender Credit: 0.000%
Rates and terms described are for owner-occupied properties only. Low down payment programs are also available. Rates are subject to change without notice. Variable and Adjustable rates may increase during the term of the loan. When the initial fixed interest rate expires, the interest rate will change to an adjustable interest rate on the change date. The adjustable interest rate may change on the change date and every 6 month thereafter. The rate will be calculated based on an index, which is the 30-day average SOFR index rate, as made available by the Federal Reserve Board of New York. The most recent index figure available as of the date 45 days before each change date will be used. This will be called the current index. Before each change date, the new interest rate will be calculated by adding the margin, which is 3.000%, to the current index, resulting in the fully indexed rate. The fully indexed rate is rounded to the nearest one-eighth of one percentage point. The fully indexed rate is 6.750%. All mortgages with less than 20% down payment may require PMI (Private Mortgage Insurance). The rate and point structure will be the same as mortgages with a 20% down payment. Interest rates are subject to credit and property approval based upon secondary market guidelines. Interest rates and APRs may vary depending on loan details, such as points, loan amount, your credit and property occupancy. The rates shown are available to borrowers with a satisfactory credit history. Your rate may vary based upon your credit history and other loan details. All information provided assumes an owner-occupied purchase mortgage loan in the amount of $100,000 with 25% down and credit score >/= 780. Payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. Restricted to properties located in the following communities in Connecticut and New Jersey: Capital, Naugatuck Valley, and South Central regions; Bergen, Morris, and Passaic counties. Restricted to low-to-moderate census tracts in the following Connecticut cities: Ansonia, Bristol, East Hartford, Hartford, Manchester, Meriden, New Britain, New Haven, and Waterbury. New Jersey boroughs and cities: Bergenfield, Cliffside Park, Clifton, Dover, Elmwood Park, Englewood, Fairview, Garfield, Hackensack, Lodi, Morristown, Mount Olive, Passaic, Paterson, Prospect Park, Wharton, and Woodland Park. Rate reflects subject property in low-to-moderate census tract in Ion Bank's assessment areas. Rate reflects household income at or below 80% AMI (Area Median Income). The United States Department of Housing and Urban Development (HUD) calculates AMI for each geographic in the country by using data from the US Census-based American Community Survey. A household's income is calculated by its gross income, which is the total income received before taxes and other payroll deductions.
Adjustable-rate mortgage loan; Rates as of Oct 13, 2026 ET
- Oct 6, 20266.87%▲ from 6.77%
- Sep 30, 20266.77%first recorded
Jumbo mortgage adjustable rate mortgage; 65% LTV, credit score 740, 15 days prepaid interest, 60-day lock; rates shown for New York only
Adjustable rate mortgage; jumbo loan; loan amounts from $832,751 - $2,000,000; rates effective 10/13/2026
Jumbo mortgage adjustable rate mortgage; 65% LTV, credit score 740, 15 days prepaid interest, 60-day lock; rates shown for New York only
As Low As; Finance higher-priced homes without a large down payment or multiple mortgages.
- Oct 1, 20267.13%▲ from 6.88%
- Sep 18, 20266.88%▲ from 6.63%
- Sep 14, 20266.63%first recorded
Adjustable rate mortgage; jumbo loan; loan amounts from $832,751 - $2,000,000; rates effective 10/13/2026
Advertised rate: single-family primary residence, 720 FICO, 20% down; Rates as of Oct 13, 2026 ET
Jumbo mortgage; 65% LTV, credit score 740, 15 days prepaid interest, 60-day lock; rates shown for New York only
Jumbo
- Oct 12, 20268.01%▲ from 7.76%
- Sep 25, 20267.76%first recorded
No additional details available.
- Oct 8, 20268.12%▲ from 7.87%
- Sep 28, 20267.87%▲ from 7.61%
- Sep 16, 20267.61%first recorded
No additional details available.
- Oct 8, 20268.19%▲ from 7.91%
- Sep 28, 20267.91%▲ from 7.81%
- Sep 16, 20267.81%first recorded
East Hanover 15-Year Jumbo Mortgage Rates
Conventional Fannie Mae Mortgage; Origination Fee or Lender Credit: 0.000%
- Sep 25, 20266.77%▲ from 6.39%
- Sep 16, 20266.39%first recorded
Origination Fee or Lender Credit: 0.000%
- Oct 12, 20266.77%▲ from 6.65%
- Oct 8, 20266.65%first recorded
Advertised rate: single-family primary residence, 720 FICO, 20% down; Rates as of Oct 13, 2026 ET
Jumbo
- Oct 12, 20267.25%▲ from 7.00%
- Sep 25, 20267.00%first recorded
No additional details available.
- Oct 8, 20267.80%▲ from 7.54%
- Sep 28, 20267.54%▲ from 7.29%
- Sep 16, 20267.29%first recorded
East Hanover 5/1 Jumbo ARM Mortgage Rates
Adjustable-rate mortgage loan; Rates as of Oct 13, 2026 ET
- Oct 6, 20266.83%▲ from 6.75%
- Sep 30, 20266.75%first recorded
Jumbo mortgage adjustable rate mortgage; 65% LTV, credit score 740, 15 days prepaid interest, 60-day lock; rates shown for New York only
East Hanover FHA Loan Rates
FHA
- Oct 12, 20267.66%▲ from 7.50%
- Sep 25, 20267.50%first recorded
FHA
- Oct 12, 20267.81%▲ from 7.76%
- Oct 2, 20267.76%▲ from 7.63%
- Sep 25, 20267.63%first recorded
As Low As; Mortgage rate assumes Nassau or Suffolk County NY primary residence, LTV 75% or less (purchase) or 70% or less (refinance), rate lock 60 days or less, credit score 780 or above
- Sep 27, 20268.09%▲ from 7.97%
- Sep 18, 20267.97%▲ from 7.60%
- Sep 15, 20267.60%first recorded
No additional details available.
As Low As; Mortgage rate assumes Nassau or Suffolk County NY primary residence, LTV 75% or less (purchase) or 70% or less (refinance), rate lock 60 days or less, credit score 780 or above
- Oct 1, 20268.56%▲ from 8.43%
- Sep 27, 20268.43%▲ from 8.06%
- Sep 24, 20268.06%▲ from 7.68%
- Sep 18, 20267.68%▲ from 7.56%
East Hanover VA Loan Rates
Rates as of Oct 13, 2026 ET. Rates subject to change.
Rates as of Oct 13, 2026 ET. Rates subject to change.
No additional details available.
- Oct 12, 20267.89%▲ from 7.86%
- Oct 2, 20267.86%▲ from 7.73%
- Sep 25, 20267.73%first recorded
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
East Hanover, NJ Mortgage Rate Trends
Compare local East Hanover, NJ mortgage rate quotes against the statewide average
Daily mortgage rate averages tracked across our database of verified mortgage rate quotes, updated every evening.
New Jersey 30-year fixed rates fell 0.042 points over the past 7 days to 7.323%.
New Jersey 15-year fixed rates fell 0.006 points over the past 7 days to 6.878%.
New Jersey Mortgage Rate Forecast, Next 12 Months
Where are New Jersey mortgage rates headed through October 2027?
Based on Fed funds rate futures, 10-year Treasury path, and historical mortgage spread model. Not financial advice.
What Forecast Rates Mean for East Hanover, NJ Home Buyers
Monthly principal & interest payment on East Hanover, NJ median home of $303,400 (20% down, 30-year fixed, city-level Census ACS median)
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (NJ avg) | 7.323% | $1,668 | 19.3% | |
| 6-Month Forecast | 7.323% (6.97, 7.62%) | $1,668 | +$0/mo | 19.3% |
| 12-Month Forecast | 7.573% (7.22, 7.87%) | $1,709 | +$41/mo | 19.8% |
Income column = annual mortgage payment as % of East Hanover, NJ median household income ($103,556). Above 30% is generally considered cost-burdened.
MonitorBankRates Housing Affordability Index (MBR-HAI)
A daily-updated affordability score for East Hanover, New Jersey , computed from local Census Bureau data combined with current New Jersey mortgage rates. Based on New Jersey statewide data for this location.
What This Score Means for East Hanover, New Jersey Home Buyers
With a score of 84.6, East Hanover, New Jersey is 12.5 points less affordable than the national average of 97.1. The area’s median home value of $454,400 against a median household income of $103,556 produces a price-to-income ratio of 4.4x , modestly above the national norm. At the current New Jersey mortgage rate of 7.323%, a buyer purchasing the median-priced home with 20% down would carry a monthly payment of approximately $2,498 in principal and interest.
Beyond the mortgage payment, the median total monthly owner cost in this area is $2,173, covering mortgage, property taxes, insurance, and utilities. Property taxes alone average $812/month ($9,741/year). These ongoing costs factor directly into the MBR-HAI alongside the mortgage rate and income data.
Score computed from New Jersey statewide U.S. Census Bureau ACS 5-Year Estimates (2024) and CPS/HVS Q4 2025 data, combined with the current New Jersey live mortgage rate. Score of 100 = national average at 6.5% reference rate. Full methodology
How Mortgage Rates Impact Home Affordability in East Hanover, New Jersey
East Hanover, New Jersey Housing Market Overview
City-level home value data is not available for East Hanover ; figures below reflect New Jersey statewide data.
The New Jersey statewide median owner-occupied home value is approximately $454,400, according to the U.S. Census Bureau. The 2026 FHFA conforming loan limit for this area is $832,750, meaning most buyers financing at 80% LTV will qualify for conforming loan pricing, making rate comparison across local lenders especially valuable.
East Hanover, New Jersey Homeownership Rate
The homeownership rate in East Hanover, New Jersey stands at 65.3%, near the national average of 65.7%. The homeowner vacancy rate of 1.1% signals a tight market with limited available inventory, making it critical to secure the best possible rate quickly when a suitable property becomes available.
Monthly Payment Estimates for East Hanover, New Jersey Buyers
Even a small difference in your interest rate can add up to tens of thousands of dollars over the life of a loan. The table below shows monthly principal and interest payments on a $400,000 mortgage.
| Interest Rate | Loan Term | Monthly Payment | Total Interest Paid |
|---|---|---|---|
| 6.823% | 30-year fixed | $2,614 | $540,979 |
| 7.323% Current Avg | 30-year fixed | $2,749 | $589,474 |
| 7.823% | 30-year fixed | $2,886 | $638,907 |
| 6.878% | 15-year fixed | $3,568 | $242,255 |
A 0.500% rate increase on a $400,000 loan adds roughly $137 per month and over $49,433 in total interest over a 30-year term. That’s why comparing verified, current rates from multiple lenders, using the rate table above, is one of the most impactful financial decisions a East Hanover, New Jersey buyer can make.
Data sources: U.S. Census Bureau; Federal Housing Finance Agency (FHFA). Monthly payments shown are principal & interest only; taxes, insurance, and PMI not included.
East Hanover, New Jersey Income & Housing Affordability
City-level Census data is not available for East Hanover ; figures below reflect New Jersey statewide data.
At a price-to-income ratio of 4.4x, New Jersey is a relatively affordable housing market compared to national averages. That ratio, median home value divided by median household income, is a standard benchmark used by housing economists to gauge how accessible homeownership is relative to local earnings. The national baseline is approximately 3.8x.
What This Means for New Jersey Buyers
With a median household income of $103,556 per year in New Jersey statewide ($8,630/month) and a median home value of approximately $454,400, a buyer financing at 80% LTV at the current average rate would commit roughly 31.8% of gross monthly income to principal and interest alone. That places most buyers above the 30% threshold housing economists use to define "cost burdened", before taxes, insurance, HOA fees, or PMI are factored in.
Data sources: U.S. Census Bureau. Monthly payment estimate assumes 80% LTV at current average rate; principal and interest only.
Full Cost of Homeownership in East Hanover, New Jersey
A mortgage payment is just the starting point. Property taxes, insurance, and utilities add hundreds of dollars per month to the true cost of owning a home in East Hanover, New Jersey. Understanding the full picture before you buy is the difference between a home you can afford and one that stretches you thin.
Owner vs. Renter Costs
In East Hanover, New Jersey, the median homeowner with a mortgage pays approximately $2,173/month in total housing costs, covering the mortgage payment, property taxes, insurance, and utilities. The median renter pays $1,720/month including utilities. The $453/month difference between owning and renting is relatively narrow, worth factoring carefully into a rent vs. buy analysis given that owners also build equity over time. Property taxes alone account for $812/month of the ownership cost, a figure that can vary dramatically by location and is often underestimated by first-time buyers.
Housing Cost Burden
The federal standard defines “cost burdened” as spending more than 30% of gross household income on housing. “Severely cost burdened” means spending 50% or more. Both thresholds leave little room for savings, emergencies, or other financial goals.
In East Hanover, New Jersey, 32.2% of homeowners with mortgages are cost burdened and 49.7% of renters are cost burdened. Renters face significantly higher burden rates than owners, a pattern that often reflects lower renter incomes rather than lower rental costs, and one that can make the path from renting to owning financially difficult even when mortgage payments might be affordable. With an owner burden rate of 32.2% near the national average of 28.0%, this market reflects typical affordability conditions for mortgage holders.
Data sources: U.S. Census Bureau, American Community Survey 5-Year Estimates. Monthly owner costs include mortgage payment, taxes, insurance, and utilities. Property taxes reflect median annual taxes for mortgage holders. Rent reflects median gross rent including utilities. Cost burden figures reflect households spending 30%+ of gross income on housing.
East Hanover, New Jersey Mortgage Payment Calculator
See your estimated monthly principal & interest payment at today’s East Hanover, New Jersey rates. The home price is prefilled with the local median home value. Adjust anything, or click a current rate on the right to apply that loan type’s rate and term instantly.
Principal & interest only, excludes property taxes, homeowners insurance, PMI, and HOA dues. See the Full Cost of Homeownership section above for those figures. Estimates are for informational purposes only.
Run the Numbers on Your East Hanover, New Jersey Home Loan
Rates are only part of the equation. Use these calculators to translate current East Hanover, New Jersey mortgage rates and home loan rates into real numbers for your specific situation before you request quotes from mortgage lenders.
Enter your loan amount, interest rate, and term length to see your estimated monthly principal and interest payment. Adjust any variable to model different scenarios: a larger down payment, a shorter term, or a rate a quarter-point lower than what you were quoted.
CalculateTell us your gross income, monthly debt obligations, and how much you have for a down payment. We’ll show you the home price range you’re likely to qualify for at current East Hanover, New Jersey rates, so you can shop with a realistic number in mind rather than discovering your ceiling after you’ve fallen in love with a property.
CalculateIf you already own a home, enter your current rate, remaining loan balance, and the rate you’ve been quoted to refinance. The calculator shows your new monthly payment, how much you’d save each month, and the break-even point, the number of months it takes for your savings to cover the closing costs of refinancing.
CalculateBuying isn’t always the better financial decision, and renting isn’t always throwing money away. This calculator weighs the full cost of each path: mortgage payments, taxes, insurance, and maintenance against rent increases and the opportunity cost of a down payment, to show which option builds more wealth over your intended time horizon in East Hanover, New Jersey.
CalculateTypes of Mortgages Available in East Hanover, New Jersey
Not every loan program is right for every buyer in East Hanover, New Jersey. Rates, down payment requirements, eligibility rules, and long-term costs vary significantly across products, and the right choice depends on your credit profile, how long you plan to stay, and whether you qualify for any government-backed programs.
Fixed-Rate Mortgage
A fixed-rate mortgage locks your interest rate in for the entire loan term. Your principal and interest payment on day one is identical to payment 360. That predictability is valuable for long-term financial planning, especially in markets where housing costs represent a large share of household income.
Available in 10-, 15-, 20-, and 30-year terms. The 30-year minimizes monthly payments; the 15-year cuts total interest paid dramatically but requires a higher monthly commitment. The payment comparison table above shows exactly how those trade-offs look at today’s East Hanover, New Jersey rate levels.
Adjustable-Rate Mortgage (ARM)
An ARM offers a fixed introductory rate for an initial period, commonly 5, 7, or 10 years, after which the rate adjusts periodically based on a market index. The starting rate is typically lower than a comparable fixed-rate loan, which reduces your monthly payment during the initial window.
ARMs work best when you have a defined exit timeline: if you plan to sell or refinance before the fixed period ends, you capture the lower rate without exposure to future adjustments. Rate caps govern how much the rate can move at each adjustment and in total, so read those terms closely before committing.
FHA Loan
Backed by the Federal Housing Administration, FHA loans are built for buyers who don’t yet meet conventional loan standards. You can qualify with a credit score of 580 and just 3.5% down, and some lenders will consider scores as low as 500 with a 10% down payment.
The cost of that lower barrier is mortgage insurance. FHA loans carry an upfront MIP of 1.75% of the loan amount (which can be rolled in) plus an annual MIP of 0.15% to 0.75% depending on your term and LTV. For buyers who would otherwise wait years to save a larger down payment, given ongoing home price trends in East Hanover, New Jersey, FHA is often the faster path to ownership.
VA Loan
Available to eligible active-duty service members, veterans, reservists, National Guard members, and qualifying surviving spouses, VA loans are among the most favorable mortgage programs available anywhere. No down payment is required, there is no monthly mortgage insurance, and rates are generally competitive with, and often better than, conventional loan rates.
A one-time funding fee applies, 2.15% of the loan for first-time VA borrowers with no down payment, which can be financed into the loan. In East Hanover, New Jersey, where home prices require substantial savings for a conventional down payment, the zero-down VA benefit is an enormous advantage for those who qualify.
Jumbo Loan
The 2026 FHFA conforming loan limit for East Hanover, New Jersey is $832,750. Mortgages above that amount are classified as jumbo loans and are not eligible for purchase by Fannie Mae or Freddie Mac, which means lenders carry the full risk and price that risk accordingly.
Jumbo underwriting is stricter: lenders typically require a credit score of 700 or higher, substantial cash reserves, thorough income documentation, and a down payment of at least 10 to 20%. Rates may run slightly above conforming levels, though the gap narrows in competitive lending environments.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our East Hanover, New Jersey mortgage rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Mortgage Rate Data: We aggregate mortgage and refinance rates for East Hanover, New Jersey directly from the official websites of local lenders, credit unions, and national mortgage originators using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every rate displayed is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in East Hanover, New Jersey. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national originators available to borrowers in NJ.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage rates daily. Because rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you compare rates from secure, reliable lenders.
How a Mortgage Works in East Hanover, New Jersey
A mortgage is a loan used to buy a home in East Hanover, New Jersey, secured by the property itself as collateral. The borrower repays the amount over a set term, most commonly 30 or 15 years, in monthly installments that cover both principal and interest. Because the loan is secured, the lender can foreclose on the home if payments are not made, which is part of why mortgage rates are lower than rates on unsecured debt.
Fixed-Rate vs. Adjustable-Rate Mortgages for East Hanover, New Jersey Buyers
A fixed-rate mortgage keeps the same interest rate for the entire term, so a East Hanover, New Jersey homeowner’s principal-and-interest payment never changes. For example, H & E Telephone Federal Credit Union is listing a First Mortgage 30 Year Fixed at 5.25%. An adjustable-rate mortgage (ARM) starts with a fixed period, often five, seven, or ten years, and then adjusts periodically based on a market index. ARMs usually open with a lower rate, but the payment can rise once the fixed period ends, so they tend to suit East Hanover, New Jersey borrowers who expect to move or refinance before that point. On the adjustable-rate side, Garden Savings FCU is listing a Adjustable Rate 1st Mortgage - 5/1 Year ARM at 5.50%.
How East Hanover, New Jersey Mortgage Rates Are Set
Mortgage rates move with the broader bond market, particularly the yield on the 10-year Treasury, plus a spread that reflects lender costs and risk. On top of that national baseline, the rate a New Jersey borrower is offered depends on individual factors: credit score, down payment size, loan amount, loan type, and the property itself. This is why the advertised rates above are a starting point, and a borrower’s final rate is set once an application is underwritten.
Points and Closing Costs in East Hanover, New Jersey
The interest rate is not the only cost of buying a home in East Hanover, New Jersey. Discount points are an optional upfront fee (one point equals one percent of the loan amount) paid to lower the rate over the life of the loan. Closing costs cover items such as origination fees, appraisal, title insurance, and recording, and typically run two to five percent of the loan. Comparing the annual percentage rate (APR) alongside the note rate helps East Hanover, New Jersey shoppers account for these costs when weighing lenders.
When East Hanover, New Jersey Homeowners Should Consider Refinancing
Refinancing replaces an existing mortgage with a new one, usually to secure a lower rate, change the term, or tap home equity. For East Hanover, New Jersey homeowners, the general guideline is that refinancing makes sense when the savings from a lower rate recoup the closing costs within the time the borrower plans to stay in the home, known as the break-even point. Borrowers also refinance to switch from an adjustable rate to a fixed rate, or to remove mortgage insurance once enough equity has built up. Current East Hanover, New Jersey refinance rates from local lenders are listed on our refinance page.
Frequently Asked Questions about Mortgage Rates in East Hanover, New Jersey
What are home loan rates in East Hanover, NJ today?
How does my credit score affect my rate in New Jersey?
What is a 30-Year Fixed Mortgage?
What are closing costs in New Jersey?
Should I lock my mortgage rate?
What is an Adjustable-Rate Mortgage (ARM)?
What is a Jumbo Loan in East Hanover, New Jersey?
Do I need 20% down to buy a house in New Jersey?
What is the difference between Interest Rate and APR?
How do I compare mortgage lenders in East Hanover, New Jersey?
How do I get mortgage quotes in East Hanover, New Jersey?
What is the homeownership rate in East Hanover, New Jersey?
What is the conforming loan limit in East Hanover, New Jersey?
What is the median monthly cost of homeownership in East Hanover, New Jersey?
What are the median property taxes in East Hanover, New Jersey?
What is the median rent in East Hanover, New Jersey?
What percentage of homeowners are cost burdened in East Hanover, New Jersey?
What percentage of renters are cost burdened in East Hanover, New Jersey?
What are the best Mortgage rates in East Hanover, New Jersey?
- H & E Telephone Federal Credit Union: 5.25% (First Mortgage 30 Year Fixed)
- Spencer Savings Bank: 6.25% (Special Homeowner 30 Year Fixed First Lien)
- Ascendia Bank: 6.24% (Residential Mortgage Loan - 30 Year Fixed)
- First Financial Federal Credit Union: 6.50% (Current Mortgage - 30 Year Fixed Conforming)
- Lusitania Savings Bank: 6.625% (Community First Loan 30 Year Fixed Owner Occupied)
East Hanover, New Jersey Rates & Resources
