New Jersey Refinance Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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New Jersey mortgage refinance rates range from 5.25% to 8.12%, verified by MonitorBankRates as of October 14, 2026. Current mortgage refinance rates in New Jersey include H & E Telephone Federal Credit UnionH & E Telephone Federal Credit Union201 W Passaic St Ste 304, Rochelle Park, NJ, 07662 3126A+5.0 ★Texas Ratio: 4.40% at 5.25%, Ascendia BankAscendia Bank175 Rock Rd, Glen Rock, NJ, 07052A+5.0 ★Texas Ratio: 1.20% at 6.24%, First Financial Federal Credit UnionFirst Financial Federal Credit Union1360 Route 9, Freehold, NJ, 07728B+4.8 ★Texas Ratio: 17.97% at 6.50%, Lusitania Savings BankLusitania Savings Bank107 Pulaski St, Harrison, NJ, 07029A+5.0 ★Texas Ratio: 0.71% at 6.625%, and First Atlantic Federal Credit UnionFirst Atlantic Federal Credit Union1580 Lakewood Road, EATONTOWN, NJ, 07724 2210A+5.0 ★Texas Ratio: 3.26% at 6.725%. Refinance rates as of October 14, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare refinance rates across all loan types in New Jersey side-by-side. New Jersey refinance rates currently start as low as 5.25% from H & E Telephone Federal Credit Union at 201 W Passaic St Ste 304, Rochelle Park, NJ, 07662 3126. Rates are continually updated, so we recommend checking back frequently.
Refinance rates reflect actual verified offers from lenders actively lending to New Jersey homeowners. Your final approved rate will depend on your credit profile, loan-to-value ratio, cash-out amount, and daily market movements. Last Updated and Verified: October 14, 2026
Compare Refinance Rates Today in New Jersey
Rates shown are each lender’s posted rate for that loan type, which most lenders apply to purchase and refinance loans alike. Local New Jersey lenders are listed first in every tab. Among lenders that post both, refinance pricing currently runs about 0.131 points above the same lender’s purchase rate nationally. That premium is shown for context only; every rate in the table is the lender’s posted rate.
New Jersey 30 Year Fixed Refinance Rates
Effective as of: October 1, 2022
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
No additional details available.
- Oct 1, 20267.09%▲ from 6.92%
- Sep 24, 20266.92%first recorded
No additional details available.
- Oct 1, 20267.11%▲ from 6.88%
- Sep 19, 20266.88%▲ from 6.73%
- Sep 14, 20266.73%first recorded
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%
As Low As; Up to 1.0 points**
No additional details available.
- Oct 1, 20267.27%▲ from 7.01%
- Sep 19, 20267.01%▲ from 6.88%
- Sep 14, 20266.88%first recorded
Loan Amount: Up to $749,999
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%
Effective: 10/13/2026; Loan amounts up to $832,750
As Low As; w/ 0.625 Points; Payment: 1,637.22
Effective: 10/13/2026; Subject to income and underwriting eligibility for HomeReady product provided by Fannie Mae; Loan amounts up to $832,750
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%
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
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%
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%
New Jersey 15 Year Fixed Refinance Rates
Origination Fee or Lender Credit: 0.000%
- Oct 12, 20266.83%▲ from 6.70%
- Oct 8, 20266.70%first recorded
No additional details available.
- Sep 24, 20266.06%▲ from 5.68%
- Sep 16, 20265.68%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
No additional details available.
- Oct 1, 20266.58%▲ from 6.33%
- Sep 24, 20266.33%first recorded
No additional details available.
- Oct 1, 20266.72%▲ from 6.46%
- Sep 19, 20266.46%▲ from 6.33%
- Sep 14, 20266.33%first recorded
Loan Amount: Up to $749,999
No additional details available.
- Oct 1, 20266.75%▲ from 6.49%
- Sep 19, 20266.49%▲ from 6.37%
- Sep 14, 20266.37%first recorded
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
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
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
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
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%
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%
New Jersey 5/1 ARM Refinance 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.
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
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
No additional details available.
As Low As; Home Loans
Pay just Plus enjoy local decision-making and free mortgage counseling.
Loan Amount: Up to $749,999
Price per Thousand: $6.65
As Low As; Up to 1.0 points**
Interest Rate 6.500%; APR 7.159%
Adjustable rate mortgage
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.
New Jersey 30-Year Jumbo Refinance Rates
Origination Fee or Lender Credit: 0.000%
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
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
Adjustable rate mortgage; jumbo loan; loan amounts from $832,751 - $2,000,000; rates effective 10/13/2026
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
- 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
New Jersey 15-Year Jumbo Refinance Rates
Origination Fee or Lender Credit: 0.000%
- Oct 12, 20266.77%▲ from 6.65%
- Oct 8, 20266.65%first recorded
Conventional Fannie Mae Mortgage; Origination Fee or Lender Credit: 0.000%
- Sep 25, 20266.77%▲ from 6.39%
- Sep 16, 20266.39%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
New Jersey 5/1 Jumbo ARM Refinance 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
New Jersey 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
New Jersey 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.
National Refinance Rate Averages
Daily averages of posted rates across every lender we track, as of October 14, 2026. Use these as the benchmark for the New Jersey quotes above; lenders that price refinances separately currently run about 0.131 points higher.
New Jersey Refinance Rate Trends
Compare local New Jersey refinance quotes against the statewide average
Daily averages of posted first-mortgage rates across our lender network, updated every evening. Because most lenders price purchase and refinance loans identically, this is the benchmark a New Jersey refinance quote should be measured against, plus roughly 0.131 points at lenders that price refinances separately.
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%.
What New Jersey Homeowners Actually Pay to Refinance
Posted refinance rates from our lender network alongside the rates borrowers closed at, from federal HMDA filings
Two different measures. The refinance premium is computed nightly from lenders that publish separate purchase and refinance pricing. HMDA figures are median note rates on loans that actually closed.
New Jersey Refinance Rate Forecast, Next 12 Months
Where are New Jersey refinance rates headed through October 2027?
Based on Fed funds rate futures, 10-year Treasury path, and historical mortgage spread model. If the forecast shows rates falling, waiting may beat refinancing today; the break-even calculator below shows what each scenario is worth. Not financial advice.
What Forecast Rates Mean for New Jersey Homeowners Refinancing
Monthly principal & interest on a 30-year refinance of the loan of $363,520 (80% of the state median home value). Payment differences show what waiting for the forecast rate would be worth each month.
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (NJ avg) | 7.323% | $2,498 | 28.9% | |
| 6-Month Forecast | 7.323% (6.97, 7.62%) | $2,498 | +$0/mo | 28.9% |
| 12-Month Forecast | 7.573% (7.22, 7.87%) | $2,560 | +$62/mo | 29.7% |
Income column = annual mortgage payment as % of New Jersey median household income ($103,556). Above 30% is generally considered cost-burdened.
New Jersey Refinance Break-Even Calculator
Enter your current loan and the refinance rate you have been quoted. The calculator shows the new payment, monthly savings, and how many months it takes for those savings to pay back the closing costs. Click a current New Jersey rate on the right to test it instantly.
Principal and interest only. Excludes escrow, mortgage insurance, and any prepayment penalty on the current loan. Lifetime interest compares the remaining interest on the current loan to total interest on the new loan. Estimates are for informational purposes only.
Run the Numbers on Your New Jersey Refinance
The rate is only part of the decision. Use these calculators to turn current New Jersey home refinance rates into monthly savings, break-even months, and total interest before you request quotes from refinance lenders.
If 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.
CalculateEnter 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.
CalculateIf your goal is cash rather than a lower rate, compare current New Jersey home equity loan and HELOC rates against a cash-out refinance. Keeping a low existing first mortgage and adding a second lien is often the cheaper path, especially for loans originated between 2020 and 2022.
CompareTell 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 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.
CalculateTypes of Refinance Loans Available in New Jersey
Homeowners across New Jersey can choose from several refinance programs. The right one depends on what you are trying to do: lower the rate, shorten the term, pull cash out, or drop mortgage insurance. Pricing, appraisal requirements, and eligibility differ across each, and the cheapest program is not always the lowest posted rate once fees are counted.
Rate-and-Term Refinance
The standard refinance. You replace your existing mortgage with a new loan for about the same balance, changing only the rate, the term, or both. It is the lowest-priced refinance product at nearly every New Jersey lender because the loan-to-value ratio does not rise.
Best for homeowners whose rate is at least half a point above today’s New Jersey average and who plan to stay past the break-even point. Choosing a term that matches your remaining years, rather than resetting to 30, keeps the payoff date where it is.
Cash-Out Refinance
A cash-out refinance replaces your mortgage with a larger one and hands you the difference at closing. Conventional lenders cap the new loan at 80% of appraised value; VA cash-out loans go to 90%. Rates run above rate-and-term pricing.
If you hold a low rate from 2020 to 2022, a home equity loan or HELOC in New Jersey usually costs less than refinancing the whole balance at today’s rate to pull out cash.
FHA Streamline Refinance
For homeowners already in an FHA loan. No appraisal, no income verification, and limited credit review, as long as the new loan produces a net tangible benefit (generally a rate at least 0.5% lower, or a move from an ARM to a fixed rate). You need 210 days since the first payment and six on-time payments.
The upfront mortgage insurance premium is reduced to 0.01% and annual MIP continues, so FHA borrowers with 20% equity and good credit should also price a conventional rate-and-term refinance, which drops mortgage insurance entirely.
VA IRRRL (Streamline Refinance)
The Interest Rate Reduction Refinance Loan lets veterans refinance an existing VA loan with no appraisal, no income documentation, and a funding fee of just 0.5% (waived for borrowers with a service-connected disability). Closing costs can be rolled into the loan.
The new rate must be lower than the current one unless you are moving from an ARM to a fixed rate, and you must recoup closing costs within 36 months. VA lenders in New Jersey quote IRRRL pricing separately, so ask for it by name.
USDA Streamlined-Assist Refinance
For homeowners with an existing USDA Rural Development loan. No appraisal or credit review in most cases, and the new payment must be at least $50 a month lower than the current one. The property no longer has to meet the rural eligibility map.
Twelve months of on-time payments are required, and the 1% upfront guarantee fee plus the annual fee apply to the new loan.
Jumbo Refinance
The 2026 FHFA conforming baseline in New Jersey is $832,750 for most counties, higher in designated high-cost areas. A refinance above the county limit is a jumbo loan, priced and underwritten lender by lender.
Jumbo refinances usually require a 700 or higher credit score, reserves of six to twelve months of payments, and a loan-to-value of 80% or less. Because balances are large, even a quarter-point rate difference is worth thousands a year, so compare the 30-Year Jumbo and 15-Year Jumbo tabs above closely. If paying the balance down to the conforming limit at closing is possible, conforming refinance pricing is often noticeably better.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our New Jersey refinance 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 Refinance Rate Data: We aggregate mortgage and refinance rates for 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. Where a lender publishes a product specifically for refinancing, that product is listed by name; where a lender publishes one rate sheet for purchase and refinance loans, that rate is shown as the refinance rate, which is how the lender itself quotes it.
Refinance Premium and HMDA Figures: The refinance premium is the average difference between a lender’s refinance-labeled product and the same lender’s standard product of the same term, computed nightly across lenders that publish both. It is shown for context and is never added to any rate in the tables. HMDA figures are median note rates on first-lien, owner-occupied, one-to-four-unit loans originated in the most recent reporting year, from the Consumer Financial Protection Bureau’s public Loan/Application Register.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in 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 and refinance 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 Refinance Works in New Jersey
A refinance pays off your current mortgage with a new loan on the same New Jersey home. The new lender wires the payoff to the old lender at closing, and from that point you make payments on the new loan only. Because it is a brand-new mortgage, you go through an application, credit check, and usually an appraisal, and you pay closing costs, just as you did when you bought the home.
How New Jersey Refinance Rates Compare to Purchase Rates
Most New Jersey banks and credit unions post one rate sheet that applies to purchase and refinance loans alike, which is why the tables above show the same lenders you will find on our New Jersey mortgage rates page. For example, H & E Telephone Federal Credit Union is listing a First Mortgage 30 Year Fixed at 5.25% for either purpose. Some lenders price refinances separately and list them by name, such as Police And Fire Federal Credit Union’s EXPRESS Refi Mortgage - 7/30 ARM Jumbo at 6.875%. Across lenders that post both, refinance pricing currently runs about 0.131 points above the same lender’s purchase rate nationally. Cash-out refinances, investment properties, and second homes carry pricing add-ons at every lender.
Finding Your Break-Even Point in New Jersey
Divide total closing costs by the monthly payment savings and you get the number of months until the refinance has paid for itself. A New Jersey homeowner who expects to sell before that month should not refinance, no matter how good the rate looks. The calculator above runs this math with today’s local rates. A shorter break-even, under three years, is a comfortable margin; anything past five years needs a long stay to pay off.
Refinance Closing Costs and No-Closing-Cost Loans in New Jersey
Refinance closing costs in New Jersey typically run two to five percent of the loan and include the lender’s origination fee, appraisal, title search and lender’s title policy, recording fees, and prepaid interest. Discount points are optional and buy the rate down. A no-closing-cost refinance rolls the fees into a higher rate or the loan balance. It is not free, but it can be the better choice for a homeowner likely to move or refinance again within a few years, because there is nothing to recoup.
When New Jersey Homeowners Should Wait
Refinancing rarely pays when the new rate is less than half a point below the current one, when you are more than ten years into a 30-year loan and would reset the clock, or when your credit score has dropped since the original loan. Homeowners holding a rate from 2020 to 2022 are usually better served by keeping that loan and using a home equity loan or HELOC for cash needs. Our New Jersey refinance rate trends above show where rates have been over the past 90 days, and the forecast gives a sense of where they may head, so you can decide whether to lock now or wait.
Frequently Asked Questions about Refinance Rates in New Jersey
What are home loan refinance rates in New Jersey (NJ) today?
Are refinance rates higher than purchase mortgage rates in New Jersey?
When does refinancing make sense in New Jersey?
How soon can I refinance a mortgage in New Jersey?
What is a rate-and-term refinance?
What is a cash-out refinance?
Does refinancing reset my 30-year term?
What are typical refinance closing costs in New Jersey?
What is the difference between interest rate and APR on a refinance?
Should I lock my refinance rate?
How do I compare refinance lenders in New Jersey?
How do I get refinance quotes in New Jersey?
What are the best refinance rates in New Jersey?
- H & E Telephone Federal Credit Union: 5.25% (First Mortgage 30 Year Fixed)
- 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)
- First Atlantic Federal Credit Union: 6.725% (30-Year Fixed)
New Jersey Rates & Resources
Home Refinance Rates by City in New Jersey (NJ)
