New Jersey — Friday, March 12, 2010

Zillow Mortgage Marketplace reports New Jersey mortgage rates for 30-year fixed-rate mortgages dropped 2 basis points from 4.82% to 4.80% on Friday. State mortgage rates ranged from the lowest rate of 4.38% (IA) to the highest rate of 5.75% (SC). Currently, New Jersey mortgage rates are 2 basis points higher than the national average of 4.78%.

The New Jersey mortgage rate on March 12, 2010, is up 2 basis points from last week's average New Jersey rate of 4.78%.