New York - Newark - Jersey City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in New York - Newark - Jersey City averaged
6.78%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.01% and
one month ago for the week of 2023-02-09, the
average rate was 6.4%.
New York - Newark - Jersey City's average rate one year ago was 3.15%.
For refis of the same type during the week of 2023-03-16, the average rate
was 7.2%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| New York - Newark - Jersey City 30 Year Fixed Rate | 2023-03-16 | 6.78% |
| New York - Newark - Jersey City 30 Year Fixed Rate Refi | 2023-03-16 | 7.2% |
| New York - Newark - Jersey City 15 Year Fixed Rate | 2023-03-16 | 6.15% |
| New York - Newark - Jersey City 15 Year Fixed Rate Refi | 2023-03-16 | 6.56% |
| New York - Newark - Jersey City 30 Year FHA | 2023-03-16 | 6.42% |
| New York - Newark - Jersey City 30 Year FHA Refi | 2023-03-16 | 5.9% |
| New York - Newark - Jersey City 30 Year USDA | 2023-03-16 | 6.41% |
| New York - Newark - Jersey City 30 Year USDA Refi | 2023-03-16 | 6.11% |
| New York - Newark - Jersey City 30 Year VA | 2023-03-16 | 6.25% |
| New York - Newark - Jersey City 30 Year VA Refi | 2023-03-16 | 5.81% |
New York - Newark - Jersey City Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the New York-Newark-Jersey City, NY-NJ-PA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
New York - Newark - Jersey City Average Closing Costs & Other Stats
New York-Newark-Jersey City, NY-NJ-PA's 568 lenders originated 297,673
loans during 2022. The total origination value was $179,643,095,000, with an average loan value of
$603,491.
New York - Newark - Jersey City's average closing costs are $7,667.
The top New York - Newark - Jersey City lender as defined by loan originations is JPMorgan Chase Bank, with
11,720 loans originated. Their average total fees are
$7,087, which is $411
higher than the next largest lender,
Wells Fargo Bank.
The lowest fee New York - Newark - Jersey City lenders (with over 10 loans originated) are
Discover Bank ($0), CHERRY CREEK MORTGAGE, LLC ($858), SIRVA MORTGAGE, INC. ($1,306), American Broadcast Employees Federal Credit Union ($1,801) and PREMIA MORTGAGE, LLC ($2,239).
The lowest rate New York - Newark - Jersey City lenders (with over 10 loans originated) are
DEPARTMENT OF COMMERCE (2.93%), People's United Bank (2.97%), RSI BANK (3.02%), Actors Federal Credit Union (3.08%) and STEARNS LENDING, LLC (3.09%).
New York-Newark-Jersey City, NY-NJ-PA Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| JPMorgan Chase Bank | $22,538,650,000 | $13,760,785,000 | -38.9% | 7.7% |
| Wells Fargo Bank | $18,984,780,000 | $11,195,185,000 | -41.0% | 6.2% |
| First Republic Bank | $5,058,910,000 | $6,937,150,000 | 37.1% | 3.9% |
| Bank of America | $9,537,190,000 | $6,377,930,000 | -33.1% | 3.6% |
| Citibank | $8,663,285,000 | $6,353,715,000 | -26.7% | 3.5% |
| Citizens Bank | $6,041,580,000 | $5,519,765,000 | -8.6% | 3.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $8,236,255,000 | $5,463,210,000 | -33.7% | 3.0% |
| QUICKEN LOANS, LLC | $14,960,375,000 | $5,253,655,000 | -64.9% | 2.9% |
| Flagstar Bank, FSB | $1,058,740,000 | $4,661,725,000 | 340.3% | 2.6% |
| TD Bank | $5,248,985,000 | $4,453,800,000 | -15.1% | 2.5% |
| LOANDEPOT.COM, LLC | $10,841,745,000 | $3,785,885,000 | -65.1% | 2.1% |
| Signature Bank | $2,585,535,000 | $3,381,245,000 | 30.8% | 1.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $5,063,925,000 | $3,069,005,000 | -39.4% | 1.7% |
| PNC Bank | $2,726,885,000 | $2,997,065,000 | 9.9% | 1.7% |
| Valley National Bank | $2,635,295,000 | $2,779,735,000 | 5.5% | 1.5% |
| Morgan Stanley Private Bank | $2,305,705,000 | $2,448,500,000 | 6.2% | 1.4% |
| GUARANTEED RATE, INC. | $3,787,195,000 | $1,997,435,000 | -47.3% | 1.1% |
| U.S. Bank | $2,251,390,000 | $1,941,185,000 | -13.8% | 1.1% |
| Bethpage Federal Credit Union | $2,507,775,000 | $1,810,500,000 | -27.8% | 1.0% |
| Webster Bank | $669,915,000 | $1,753,790,000 | 161.8% | 1.0% |
| NJ LENDERS CORP. | $4,737,390,000 | $1,550,535,000 | -67.3% | 0.9% |
| BNB Bank | $711,720,000 | $1,494,720,000 | 110.0% | 0.8% |
| CALIBER HOME LOANS, INC. | $2,546,030,000 | $1,486,235,000 | -41.6% | 0.8% |
| HOME POINT FINANCIAL CORPORATION | $4,280,695,000 | $1,447,275,000 | -66.2% | 0.8% |
| East West Bank | $1,371,975,000 | $1,344,125,000 | -2.0% | 0.7% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,650,400,000 | $1,334,760,000 | -19.1% | 0.7% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,403,585,000 | $1,316,785,000 | -45.2% | 0.7% |
| FM Home Loans, LLC | $2,580,455,000 | $1,276,090,000 | -50.5% | 0.7% |
| Columbia Bank | $1,157,550,000 | $1,233,735,000 | 6.6% | 0.7% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $1,886,045,000 | $1,176,425,000 | -37.6% | 0.7% |
| Kearny Bank | $901,935,000 | $1,141,410,000 | 26.6% | 0.6% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,174,860,000 | $1,096,560,000 | -49.6% | 0.6% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $1,777,535,000 | $1,055,290,000 | -40.6% | 0.6% |
| M&T Bank | $1,111,000,000 | $1,054,525,000 | -5.1% | 0.6% |
| GREYSTONE SERVICING COMPANY LLC | $952,170,000 | $1,033,450,000 | 8.5% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,659,430,000 | $982,590,000 | -63.1% | 0.5% |
| UBS Bank USA | $1,068,230,000 | $963,675,000 | -9.8% | 0.5% |
| CONTOUR MORTGAGE CORPORATION | $1,400,415,000 | $954,290,000 | -31.9% | 0.5% |
| City National Bank | $855,305,000 | $936,435,000 | 9.5% | 0.5% |
| Santander Bank, N.A. | $2,194,180,000 | $927,925,000 | -57.7% | 0.5% |
| GUARANTEED RATE AFFINITY, LLC | $1,555,320,000 | $920,680,000 | -40.8% | 0.5% |
| Ridgewood Savings Bank | $552,175,000 | $917,645,000 | 66.2% | 0.5% |
| EMBRACE HOME LOANS, INC. | $885,260,000 | $893,165,000 | 0.9% | 0.5% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $530,655,000 | $882,015,000 | 66.2% | 0.5% |
| WALKER & DUNLOP, LLC | $599,450,000 | $879,335,000 | 46.7% | 0.5% |
| Lakeland Bank | $645,575,000 | $856,700,000 | 32.7% | 0.5% |
| Customers Bank | $304,405,000 | $827,365,000 | 171.8% | 0.5% |
| NATIONAL COOPERATIVE BANK, N.A. | $907,845,000 | $827,090,000 | -8.9% | 0.5% |
| Quontic Bank | $788,965,000 | $755,400,000 | -4.3% | 0.4% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,087,380,000 | $730,565,000 | -32.8% | 0.4% |
| Advisors Mortgage Group, L.L.C. | $1,640,315,000 | $719,420,000 | -56.1% | 0.4% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $869,845,000 | $718,185,000 | -17.4% | 0.4% |
| The Federal Savings Bank | $1,354,295,000 | $695,395,000 | -48.7% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,184,730,000 | $685,290,000 | -42.2% | 0.4% |
| Apple Bank for Savings | $685,485,000 | $678,325,000 | -1.0% | 0.4% |
| Popular Bank | $453,230,000 | $667,955,000 | 47.4% | 0.4% |
| UNITED MORTGAGE CORP. | $1,214,265,000 | $651,505,000 | -46.3% | 0.4% |
| Metropolitan Life Insurance Co | $635,290,000 | n/a | 0.4% | |
| ConnectOne Bank | $1,062,800,000 | $630,310,000 | -40.7% | 0.4% |
| TEACHERS | $998,045,000 | $624,365,000 | -37.4% | 0.3% |
| A&D Mortgage LLC | $430,655,000 | $615,215,000 | 42.9% | 0.3% |
| Cathay Bank | $544,615,000 | $607,350,000 | 11.5% | 0.3% |
| Peapack-Gladstone Bank | $821,620,000 | $597,270,000 | -27.3% | 0.3% |
| Nassau Educators Federal Credit Union | $604,210,000 | $580,735,000 | -3.9% | 0.3% |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $1,030,260,000 | $562,550,000 | -45.4% | 0.3% |
| Flushing Bank | $369,640,000 | $547,710,000 | 48.2% | 0.3% |
| M&T Realty Capital Corporation | $448,465,000 | $543,490,000 | 21.2% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $1,392,520,000 | $535,185,000 | -61.6% | 0.3% |
| BETTER MORTGAGE CORPORATION | $2,710,565,000 | $526,980,000 | -80.6% | 0.3% |
| Northfield Bank | $549,925,000 | $514,400,000 | -6.5% | 0.3% |
| Northpointe Bank | $551,020,000 | $504,845,000 | -8.4% | 0.3% |
| Hanover Community Bank | $321,925,000 | $499,105,000 | 55.0% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $711,065,000 | $497,175,000 | -30.1% | 0.3% |
| NEWREZ LLC | $3,565,295,000 | $490,190,000 | -86.3% | 0.3% |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $934,830,000 | $484,540,000 | -48.2% | 0.3% |
| OceanFirst Bank | $704,525,000 | $473,665,000 | -32.8% | 0.3% |
| Ponce Bank | $116,960,000 | $447,780,000 | 282.8% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $3,833,280,000 | $440,985,000 | -88.5% | 0.2% |
| Investors Bank | $2,340,255,000 | $425,535,000 | -81.8% | 0.2% |
| Spencer Savings Bank, SLA | $598,170,000 | $424,950,000 | -29.0% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,149,065,000 | $414,055,000 | -64.0% | 0.2% |
| ARK MORTGAGE, INC. | $774,470,000 | $409,805,000 | -47.1% | 0.2% |
| The First National Bank of Long Island | $377,845,000 | $408,915,000 | 8.2% | 0.2% |
| East Coast Capital Corp. | $624,830,000 | $394,530,000 | -36.9% | 0.2% |
| Metro City Bank | $771,255,000 | $390,995,000 | -49.3% | 0.2% |
| Amalgamated Bank | $149,130,000 | $383,405,000 | 157.1% | 0.2% |
| Provident Bank | $349,630,000 | $373,865,000 | 6.9% | 0.2% |
| Arbor Realty Trust, Inc. | $1,503,805,000 | $369,850,000 | -75.4% | 0.2% |
| KeyBank | $604,960,000 | $368,710,000 | -39.1% | 0.2% |
| ARC HOME LLC | $818,020,000 | $362,290,000 | -55.7% | 0.2% |
| Manasquan Bank | $303,100,000 | $361,210,000 | 19.2% | 0.2% |
| Goldman Sachs Bank USA | $609,440,000 | $357,430,000 | -41.4% | 0.2% |
| VISIONS | $210,855,000 | $355,900,000 | 68.8% | 0.2% |
| United Nations Federal Credit Union | $407,460,000 | $353,380,000 | -13.3% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $442,110,000 | $352,010,000 | -20.4% | 0.2% |
| Royal Business Bank | $299,375,000 | $349,880,000 | 16.9% | 0.2% |
| Charles Schwab Bank, SSB | $496,495,000 | $338,560,000 | -31.8% | 0.2% |
| SUMMIT MORTGAGE BANKERS INC. | $725,820,000 | $334,020,000 | -54.0% | 0.2% |
| CLIFFCO, INC. | $542,740,000 | $330,330,000 | -39.1% | 0.2% |
| Merchants Bank of Indiana | $25,435,000 | $329,145,000 | 1,194.1% | 0.2% |
| Unity Bank | $339,975,000 | $324,575,000 | -4.5% | 0.2% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $238,970,000 | $314,730,000 | 31.7% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $384,585,000 | $309,640,000 | -19.5% | 0.2% |
| PGIM Real Estate Finance, LLC | $296,330,000 | n/a | 0.2% | |
| First Horizon Bank | $249,695,000 | $296,045,000 | 18.6% | 0.2% |
| First Central Savings Bank | $295,815,000 | n/a | 0.2% | |
| Capital One | $1,671,725,000 | $293,515,000 | -82.4% | 0.2% |
| Truist | $134,205,000 | $293,155,000 | 118.4% | 0.2% |
| AFFINITY | $409,695,000 | $292,705,000 | -28.6% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $570,865,000 | $291,995,000 | -48.9% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $523,060,000 | $287,645,000 | -45.0% | 0.2% |
| Stifel Bank and Trust | $333,065,000 | $286,745,000 | -13.9% | 0.2% |
| USAlliance Federal Credit Union | $218,960,000 | $285,460,000 | 30.4% | 0.2% |
| Blue Foundry Bank | $123,690,000 | $280,170,000 | 126.5% | 0.2% |
| Fulton Bank | $294,955,000 | $276,730,000 | -6.2% | 0.2% |
| MORTGAGE ACCESS CORP. | $607,720,000 | $274,475,000 | -54.8% | 0.2% |
| BOND STREET MORTGAGE, LLC | $665,510,000 | $274,455,000 | -58.8% | 0.2% |
| Municipal Credit Union | $163,495,000 | $270,585,000 | 65.5% | 0.2% |
| BCB Community Bank | $162,175,000 | $267,575,000 | 65.0% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $282,260,000 | $267,535,000 | -5.2% | 0.1% |
| GuardHill Financial Corp. | $627,915,000 | $265,345,000 | -57.7% | 0.1% |
| Raymond James Bank | $107,745,000 | $259,610,000 | 140.9% | 0.1% |
| MLB RESIDENTIAL LENDING, LLC | $460,825,000 | $259,495,000 | -43.7% | 0.1% |
| Axos Bank | $220,415,000 | $251,135,000 | 13.9% | 0.1% |
| Luxury Mortgage Corp. | $505,650,000 | $248,125,000 | -50.9% | 0.1% |
| Equity Prime Mortgage LLC | $455,335,000 | $247,005,000 | -45.8% | 0.1% |
| JET DIRECT FUNDING CORP | $512,020,000 | $239,690,000 | -53.2% | 0.1% |
| Prudential Huntoon Paige Associates, LLC | $224,315,000 | n/a | 0.1% | |
| ENVOY MORTGAGE, LTD | $444,415,000 | $221,375,000 | -50.2% | 0.1% |
| WALL STREET MORTGAGE BANKERS, LTD. | $358,800,000 | $220,135,000 | -38.6% | 0.1% |
| Hometown Equity Mortgage, LLC | $129,585,000 | $216,105,000 | 66.8% | 0.1% |
| Mortgage Research Center, LLC | $403,530,000 | $215,980,000 | -46.5% | 0.1% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $631,580,000 | $215,705,000 | -65.8% | 0.1% |
| BNY Mellon | $309,970,000 | $209,815,000 | -32.3% | 0.1% |
| Carrington Mortgage Services, LLC | $523,265,000 | $204,870,000 | -60.8% | 0.1% |
| Haven Savings Bank | $246,430,000 | $202,515,000 | -17.8% | 0.1% |
| Cross River Bank | $163,880,000 | $202,335,000 | 23.5% | 0.1% |
| Prosperity Home Mortgage, LLC | $300,715,000 | $196,690,000 | -34.6% | 0.1% |
| JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. | $320,975,000 | $182,045,000 | -43.3% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $231,890,000 | $180,695,000 | -22.1% | 0.1% |
| US MORTGAGE CORPORATION | $315,845,000 | $176,315,000 | -44.2% | 0.1% |
| The Northern Trust Company | $97,205,000 | $170,050,000 | 74.9% | 0.1% |
| Silicon Valley Bank | $98,225,000 | $167,490,000 | 70.5% | 0.1% |
| BAYPORT FUNDING LLC | $96,790,000 | $161,710,000 | 67.1% | 0.1% |
| CTBC Bank Corp. (USA) | $52,620,000 | $161,465,000 | 206.9% | 0.1% |
| Republic Bank | $81,495,000 | $154,290,000 | 89.3% | 0.1% |
| SUFFOLK | $166,135,000 |