NEWARK Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Newark averaged 6.97% for the week of 2025-07-03, compared to the national average of 6.67% for the same period.

    The average rate for the prior week (2025-06-26) was 6.97% and one month ago for the week of 2025-05-29, the average rate was 7.09%.

    Newark's average rate one year ago was 7.06%.

    For refis of the same type during the week of 2025-07-03, the average rate was 7.07%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-07-03 6.67%
    Newark 30 Year Fixed Rate 2025-07-03 6.97%
    Newark 30 Year Fixed Rate Refi 2025-07-03 7.07%
    Newark 15 Year Fixed Rate 2025-07-03 6%
    Newark 15 Year Fixed Rate Refi 2025-07-03 5.7%
    Newark 30 Year FHA 2025-07-03 0%
    Newark 30 Year FHA Refi 2025-07-03 0.3%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within NEWARK, NJ-PA.

    NEWARK 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 NEWARK, 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.).

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs

    NEWARK, 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share

    NEWARK Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - NEWARK (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $504,500 (12.2%) $1,201,897 (11.3%) 1.87 47,166
    2018-02-01 $525,000 (13.2%) $1,203,837 (6.8%) 1.91 49,645
    2018-03-01 $539,900 (11.9%) $1,180,874 (3.9%) 1.89 53,178
    2018-04-01 $551,925 (10.6%) $1,177,424 (1.1%) 1.87 56,296
    2018-05-01 $569,000 (10.7%) $1,170,846 (1.2%) 1.90 61,351
    2018-06-01 $569,500 (9.5%) $1,152,998 (-0.1%) 1.90 64,304
    2018-07-01 $564,000 (8.7%) $1,133,502 (-0.8%) 1.88 64,929
    2018-08-01 $550,000 (10.1%) $1,099,883 (-1.9%) 1.84 64,092
    2018-09-01 $559,000 (10.7%) $1,107,855 (-2.7%) 1.88 64,664
    2018-10-01 $559,000 (7.0%) $1,118,438 (-4.1%) 1.89 65,012
    2018-11-01 $559,000 (7.6%) $1,130,071 (-3.5%) 1.89 62,638
    2018-12-01 $549,000 (7.7%) $1,130,081 (-4.4%) 1.89 56,644
    2019-01-01 $545,000 (8.0%) $1,129,579 (-6.0%) 1.88 52,146
    2019-02-01 $549,450 (4.7%) $1,141,878 (-5.2%) 1.86 54,158
    2019-03-01 $562,429 (4.2%) $1,142,378 (-3.3%) 1.84 57,717
    2019-04-01 $579,000 (4.9%) $1,138,134 (-3.3%) 1.84 61,682
    2019-05-01 $595,000 (4.6%) $1,143,100 (-2.4%) 1.86 67,046
    2019-06-01 $595,000 (4.5%) $1,134,390 (-1.6%) 1.86 68,877
    2019-07-01 $582,500 (3.3%) $1,121,491 (-1.1%) 1.82 67,789
    2019-08-01 $581,250 (5.7%) $1,115,765 (1.4%) 1.84 66,922
    2019-09-01 $583,359 (4.4%) $1,128,472 (1.9%) 1.87 66,095
    2019-10-01 $585,000 (4.7%) $1,138,560 (1.8%) 1.89 64,996
    2019-11-01 $579,000 (3.6%) $1,151,286 (1.9%) 1.90 61,217
    2019-12-01 $579,000 (5.5%) $1,177,565 (4.2%) 1.93 53,425
    2020-01-01 $572,350 (5.0%) $1,186,442 (5.0%) 1.91 49,253
    2020-02-01 $579,900 (5.5%) $1,189,724 (4.2%) 1.90 50,657
    2020-03-01 $599,000 (6.5%) $1,194,646 (4.6%) 1.88 52,118
    2020-04-01 $599,000 (3.5%) $1,235,750 (8.6%) 1.88 48,239
    2020-05-01 $599,000 (0.7%) $1,210,559 (5.9%) 1.82 47,909
    2020-06-01 $607,500 (2.1%) $1,202,446 (6.0%) 1.79 50,565
    2020-07-01 $629,500 (8.1%) $1,216,514 (8.5%) 1.82 53,814
    2020-08-01 $649,000 (11.7%) $1,257,237 (12.7%) 1.86 53,868
    2020-09-01 $649,450 (11.3%) $1,270,263 (12.6%) 1.86 54,158
    2020-10-01 $650,000 (11.1%) $1,299,537 (14.1%) 1.86 55,226
    2020-11-01 $649,950 (12.3%) $1,314,171 (14.2%) 1.90 51,807
    2020-12-01 $649,950 (12.3%) $1,335,674 (13.4%) 1.93 46,561
    2021-01-01 $649,900 (13.6%) $1,383,033 (16.6%) 1.94 40,170
    2021-02-01 $650,000 (12.1%) $1,406,220 (18.2%) 1.89 38,479
    2021-03-01 $649,000 (8.4%) $1,390,012 (16.4%) 1.84 38,238
    2021-04-01 $650,000 (8.5%) $1,399,533 (13.3%) 1.76 39,848
    2021-05-01 $650,000 (8.5%) $1,387,307 (14.6%) 1.73 42,006
    2021-06-01 $649,000 (6.8%) $1,349,941 (12.3%) 1.71 44,487
    2021-07-01 $629,000 (-0.1%) $1,307,328 (7.5%) 1.66 44,712
    2021-08-01 $622,500 (-4.1%) $1,291,987 (2.8%) 1.66 44,180
    2021-09-01 $618,500 (-4.8%) $1,294,946 (1.9%) 1.65 43,158
    2021-10-01 $625,000 (-3.9%) $1,312,885 (1.0%) 1.67 43,093
    2021-11-01 $625,000 (-3.8%) $1,361,690 (3.6%) 1.67 38,713
    2021-12-01 $625,000 (-3.8%) $1,394,618 (4.4%) 1.69 32,598
    2022-01-01 $625,000 (-3.8%) $1,504,762 (8.8%) 1.69 27,898
    2022-02-01 $644,000 (-0.9%) $1,450,307 (3.1%) 1.67 28,275
    2022-03-01 $649,995 (0.2%) $1,458,486 (4.9%) 1.63 30,199
    2022-04-01 $669,000 (2.9%) $1,456,215 (4.1%) 1.59 31,856
    2022-05-01 $677,000 (4.2%) $1,441,821 (3.9%) 1.55 35,674
    2022-06-01 $677,000 (4.3%) $1,388,419 (2.9%) 1.51 38,371
    2022-07-01 $669,000 (6.4%) $1,347,598 (3.1%) 1.51 40,503
    2022-08-01 $659,000 (5.9%) $1,330,826 (3.0%) 1.52 39,661
    2022-09-01 $669,950 (8.3%) $1,378,224 (6.4%) 1.57 39,189
    2022-10-01 $675,000 (8.0%) $1,467,986 (11.8%) 1.59 39,578
    2022-11-01 $675,000 (8.0%) $1,509,960 (10.9%) 1.62 38,208
    2022-12-01 $670,000 (7.2%) $1,533,266 (9.9%) 1.65 33,581
    2023-01-01 $672,000 (7.5%) $1,560,973 (3.7%) 1.66 30,337
    2023-02-01 $688,972 (7.0%) $1,590,325 (9.7%) 1.66 29,853
    2023-03-01 $699,000 (7.5%) $1,602,684 (9.9%) 1.65 29,858
    2023-04-01 $701,690 (4.9%) $1,624,018 (11.5%) 1.63 31,008
    2023-05-01 $744,500 (10.0%) $1,685,172 (16.9%) 1.69 32,101
    2023-06-01 $749,000 (10.6%) $1,637,472 (17.9%) 1.68 32,923
    2023-07-01 $745,000 (11.4%) $1,605,600 (19.2%) 1.69 32,747
    2023-08-01 $725,000 (10.0%) $1,569,186 (17.9%) 1.66 32,397
    2023-09-01 $725,000 (8.2%) $1,554,526 (12.8%) 1.69 34,332
    2023-10-01 $737,000 (9.2%) $1,621,804 (10.5%) 1.73 33,514
    2023-11-01 $737,400 (9.2%) $1,682,664 (11.4%) 1.76 33,823
    2023-12-01 $748,000 (11.6%) $1,777,494 (15.9%) 1.82 28,830
    2024-01-01 $749,000 (11.5%) $1,759,249 (12.7%) 1.83 26,598
    2024-02-01 $752,500 (9.2%) $1,702,306 (7.0%) 1.81 26,866
    2024-03-01 $770,000 (10.2%) $1,696,188 (5.8%) 1.81 28,525
    2024-04-01 $775,000 (10.5%) $1,704,077 (4.9%) 1.80 30,602
    2024-05-01 $793,676 (6.6%) $1,725,552 (2.4%) 1.81 32,223
    2024-06-01 $779,999 (4.1%) $1,658,746 (1.3%) 1.77 33,850
    2024-07-01 $775,000 (4.0%) $1,634,047 (1.8%) 1.77 33,665
    2024-08-01 $759,000 (4.7%) $1,594,139 (1.6%) 1.77 33,000
    2024-09-01 $772,500 (6.6%) $1,659,806 (6.8%) 1.82 34,784
    2024-10-01 $774,847 (5.1%) $1,664,983 (2.7%) 1.82 34,793
    2024-11-01 $768,000 (4.2%) $1,656,035 (-1.6%) 1.84 33,340
    2024-12-01 $750,000 (0.3%) $1,667,772 (-6.2%) 1.86 28,853
    2025-01-01 $750,000 (0.1%) $1,679,477 (-4.5%) 1.87 26,691
    2025-02-01 $766,889 (1.9%) $1,686,342 (-0.9%) 1.86 27,148
    2025-03-01 $780,000 (1.3%) $1,671,028 (-1.5%) 1.84 29,480
    2025-04-01 $789,450 (1.9%) $1,651,597 (-3.1%) 1.83 31,571
    2025-05-01 $795,000 (0.2%) $1,620,059 (-6.1%) 1.81 35,665
    NEWARK's median listing price for 2025-05-01 was $795,000, a difference of $1,324 (0.2%) versus the prior year and $5,550 versus the prior month.

    NEWARK's median listing price comes in at 181% of the national average.

    NEWARK's average listing price for 2025-05-01 was $1,620,059, a difference of $-105,493 (-6.1%) versus the prior year and $-31,538 versus the prior month.

    For the 2025-05-01 period, NEWARK had 35,665 MLS listings, a difference of 4,094 listings (13%) versus the prior month and 3,442 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - NEWARK (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 83 days 1,843 sqft
    2018-02-01 72 days 1,857 sqft
    2018-03-01 52 days 1,880 sqft
    2018-04-01 50 days 1,894 sqft
    2018-05-01 46 days 1,909 sqft
    2018-06-01 50 days 1,920 sqft
    2018-07-01 59 days 1,920 sqft
    2018-08-01 64 days 1,913 sqft
    2018-09-01 66 days 1,900 sqft
    2018-10-01 63 days 1,888 sqft
    2018-11-01 65 days 1,866 sqft
    2018-12-01 78 days 1,840 sqft
    2019-01-01 82 days 1,821 sqft
    2019-02-01 72 days 1,831 sqft
    2019-03-01 59 days 1,865 sqft
    2019-04-01 50 days 1,904 sqft
    2019-05-01 50 days 1,919 sqft
    2019-06-01 55 days 1,928 sqft
    2019-07-01 64 days 1,920 sqft
    2019-08-01 67 days 1,915 sqft
    2019-09-01 68 days 1,906 sqft
    2019-10-01 69 days 1,900 sqft
    2019-11-01 71 days 1,850 sqft
    2019-12-01 85 days 1,830 sqft
    2020-01-01 90 days 1,817 sqft
    2020-02-01 75 days 1,836 sqft
    2020-03-01 54 days 1,850 sqft
    2020-04-01 71 days 1,854 sqft
    2020-05-01 85 days 1,863 sqft
    2020-06-01 85 days 1,862 sqft
    2020-07-01 47 days 1,803 sqft
    2020-08-01 47 days 1,753 sqft
    2020-09-01 51 days 1,701 sqft
    2020-10-01 51 days 1,684 sqft
    2020-11-01 60 days 1,648 sqft
    2020-12-01 74 days 1,607 sqft
    2021-01-01 84 days 1,566 sqft
    2021-02-01 78 days 1,532 sqft
    2021-03-01 55 days 1,530 sqft
    2021-04-01 44 days 1,542 sqft
    2021-05-01 41 days 1,563 sqft
    2021-06-01 44 days 1,574 sqft
    2021-07-01 47 days 1,584 sqft
    2021-08-01 53 days 1,576 sqft
    2021-09-01 57 days 1,556 sqft
    2021-10-01 57 days 1,530 sqft
    2021-11-01 59 days 1,504 sqft
    2021-12-01 70 days 1,459 sqft
    2022-01-01 79 days 1,428 sqft
    2022-02-01 60 days 1,409 sqft
    2022-03-01 40 days 1,430 sqft
    2022-04-01 39 days 1,450 sqft
    2022-05-01 38 days 1,505 sqft
    2022-06-01 39 days 1,553 sqft
    2022-07-01 44 days 1,566 sqft
    2022-08-01 54 days 1,550 sqft
    2022-09-01 59 days 1,545 sqft
    2022-10-01 59 days 1,535 sqft
    2022-11-01 62 days 1,525 sqft
    2022-12-01 75 days 1,500 sqft
    2023-01-01 82 days 1,483 sqft
    2023-02-01 75 days 1,480 sqft
    2023-03-01 55 days 1,483 sqft
    2023-04-01 50 days 1,488 sqft
    2023-05-01 48 days 1,500 sqft
    2023-06-01 51 days 1,516 sqft
    2023-07-01 54 days 1,540 sqft
    2023-08-01 59 days 1,543 sqft
    2023-09-01 60 days 1,548 sqft
    2023-10-01 56 days 1,549 sqft
    2023-11-01 58 days 1,551 sqft
    2023-12-01 71 days 1,530 sqft
    2024-01-01 79 days 1,500 sqft
    2024-02-01 69 days 1,496 sqft
    2024-03-01 50 days 1,500 sqft
    2024-04-01 45 days 1,500 sqft
    2024-05-01 44 days 1,530 sqft
    2024-06-01 47 days 1,550 sqft
    2024-07-01 52 days 1,563 sqft
    2024-08-01 58 days 1,550 sqft
    2024-09-01 57 days 1,556 sqft
    2024-10-01 54 days 1,550 sqft
    2024-11-01 59 days 1,535 sqft
    2024-12-01 73 days 1,494 sqft
    2025-01-01 77 days 1,482 sqft
    2025-02-01 68 days 1,473 sqft
    2025-03-01 48 days 1,488 sqft
    2025-04-01 45 days 1,493 sqft
    2025-05-01 45 days 1,500 sqft
    NEWARK's median listing age (time on market) for 2025-05-01 was 45 days. This is 3% longer than the same period one year ago.

    NEWARK's median square footage for active listings during the 2025-05-01 period was 1,500 sqft. One year prior, the average listing was 1,530 sqft.

    NEWARK, NJ-PA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan

    Loan Sizing (NEWARK, NJ-PA MSA)

    Loan Size Originations Total Value Average Loan

    LTV Distribution

    Loan to Value Originations Total Value Average Loan