New Jersey Refinance Rates
Compare today's refi rates in New Jersey (NJ). Updated 2026-04-28.
Avg. 30-Year Refi Rate
6.71%
State average · NJ
Avg. 15-Year Refi Rate
5.95%
State average · NJ
Est. Closing Costs
$6,800
Typical range in NJ
New Jersey refi rates (6.71%) are 0.15% below the national average (6.86%). Source: FRED · Updated 2026-04-28.
Top Refi Lenders in New Jersey (12)
30yr: 6.305%15yr: 5.555%Cash-out: 6.555%
30yr: 6.305%15yr: 5.555%Cash-out: 6.430%
30yr: 6.380%15yr: 5.630%Cash-out: 6.580%
30yr: 6.420%15yr: 5.680%Cash-out: 6.680%
30yr: 6.430%15yr: 5.680%Cash-out: 6.680%
Refinancing Tips for New Jersey Homeowners
- • Average closing costs in NJ are approximately $6,800 — factor this into your break-even calculation.
- • With a 30-year refi rate of 6.71%, homeowners who locked in rates above 7.5% may save significantly by refinancing.
- • New Jersey has no special state tax on mortgage refinancing — check with your tax advisor for deductibility of points and fees.
- • VA IRRRL and FHA streamline refinances require less documentation and no new appraisal in most cases, making them faster to close.
FAQ: Refinancing in New Jersey
What is the average refinance rate in New Jersey?+
The average 30-year refinance rate in New Jersey is approximately 6.71%, compared to the national average of 6.86%.
How much are refinance closing costs in New Jersey?+
Estimated refinance closing costs in New Jersey are approximately $6,800. This typically includes origination fees, appraisal, title insurance, and government recording fees.
How long does it take to refinance in New Jersey?+
A typical refinance in New Jersey takes 30-45 days from application to closing. VA IRRRL and FHA streamline refinances may close faster due to reduced documentation requirements.