Paramus Mortgage Rates
Daily updated mortgage rates for Paramus, NJ. Compare current rates and find the best loan for your Bergen County home purchase.
Today's Paramus Mortgage Rates
Rates shown are for well-qualified borrowers with 20% down payment
30 Year
15 Year
5 A R M
Rate Disclaimer
*Rates shown are for illustrative purposes only and subject to change. Actual rates depend on credit score, down payment, loan amount, and other factors. Payment estimates do not include taxes, insurance, or HOA fees. Contact us for a personalized rate quote.
Paramus Rate Trends
30-Year fixed mortgage rate movements in Bergen County
5-Week Rate History
Current trend: Rates have decreased 0.25% over the past month, creating opportunities for Paramus homebuyers.
What Affects Paramus Mortgage Rates?
Understanding these factors can help you time your home purchase strategically
Federal Reserve Policy
HIGH IMPACTFed rate decisions directly influence mortgage pricing
Bergen County Market Demand
MEDIUM IMPACTHigh demand in Paramus can affect lender pricing
Economic Indicators
HIGH IMPACTInflation, employment data impact rate movements
Bond Market Yields
HIGH IMPACT10-year Treasury yield strongly correlates with mortgage rates
Credit Score
HIGH IMPACTYour credit score can change your rate by 0.5-1.5%
Down Payment
MEDIUM IMPACTLarger down payments typically earn better rates
Rate Lock Strategy for Paramus Buyers
In Bergen County's competitive market, timing your rate lock can save thousands over your loan's lifetime.
When to Lock
Lock when you're under contract and rates are favorable. Most Paramus closings take 30-45 days.
Lock Periods
Choose 30, 45, or 60-day locks. Longer locks cost slightly more but provide protection.
Float-Down Options
Some lenders offer one-time float-downs if rates drop after locking. Ask about this feature.
APR vs Interest Rate
Interest Rate
The percentage charged on your loan principal. This determines your monthly payment amount.
APR (Annual Percentage Rate)
Includes interest rate plus lender fees, points, and other charges. Better for comparing total loan costs.
Pro Tip: Compare APRs when shopping lenders, but focus on interest rate for monthly budgeting.
Lock in Your Paramus Rate Today
Get a personalized rate quote based on your specific situation. Our local experts understand the Paramus market.
NMLS #1577754 | Rates subject to change | Equal Housing Lender