Mortgage Rates in Carneys Point, New Jersey — May 2026
Updated May 2026 | Based on Carneys Point market data and regional lending conditions
Carneys Point is a smaller New Jersey community of 17,695 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.9% (0.81% above the national average). The median home price of $465,000 translates to roughly $3,252/month with 20% down — requiring an income of about $139,371, which exceeds the local median of $73,500.
Whether you call it a 30-year mortgage, 30-year home loan, 30-year house loan, or 30-year mortgage loan, the underlying product is the same: a fixed-rate amortizing loan paid over 360 months. In Carneys Point, NJ, the current 30-year rate is 6.9%. Shorter terms (15-year fixed at 6.11% or 20-year fixed, typically priced between the 15- and 30-year) reduce total interest paid but increase monthly payments — see our 15-year vs 30-year comparison for the math. Government-backed options include FHA loans (6.57%) and VA loans (6.32%), often available at lower rates with reduced down payment requirements.
Current Mortgage Rates in Carneys Point, NJ
Below are the current average mortgage rates available in the Carneys Point area as of May 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.9% | 6.09% | +0.81% |
| 15-Year Fixed | 6.11% | 5.58% | +0.53% |
| 5/1 ARM | 6.34% | 5.95% | +0.39% |
| FHA | 6.57% | 5.85% | +0.72% |
| VA | 6.32% | 5.65% | +0.67% |
| Jumbo | 7.15% | 6.25% | +0.9% |
Carneys Point Housing Market Overview
Housing in Carneys Point sits near the national average at $465,000. With a median household income of $73,500 and a cost of living index of 123.5, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Carneys Point
Based on the median home price of $465,000 with 20% down ($93,000), here is what you can expect to pay monthly in Carneys Point:
15-Year vs. 30-Year Mortgage in Carneys Point
Choosing a 15-year mortgage in Carneys Point at 6.11% instead of a 30-year at 6.9% would save you $313,020 in total interest over the life of the loan. However, your monthly payment would be $3,161 instead of $2,450 — an increase of $711 per month.
Calculate Your Carneys Point Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorMethodology & Mortgage Data Sources for Carneys Point
How we calculate Carneys Point mortgage rates and payments: Rate data combines Freddie Mac Primary Mortgage Market Survey (PMMS), MBA Weekly Applications Survey, and FRED-published Treasury yields. Local variation in Carneys Point reflects regional conforming loan limits set by FHFA and state-level title insurance / closing cost differences.
- Base rates sourced from Freddie Mac PMMS — the longest-running mortgage rate survey in the US, published every Thursday.
- Local adjustment for Carneys Point reflects New Jersey state-level lender competition, FHFA conforming loan limits (Carneys Point county-level), and regional risk premiums.
- Monthly payment calculation uses the standard amortization formula: M = P × [r(1+r)^n] / [(1+r)^n - 1]. Property tax estimates use New Jersey effective property tax rate; PMI applies to LTV >80% per Fannie Mae guidelines.
- Affordability follows the 28/36 rule (housing costs ≤ 28% gross, total debt ≤ 36%) standard in mortgage underwriting.
Authoritative data sources:
- Freddie Mac Primary Mortgage Market Survey — weekly US mortgage rate benchmark
- FRED — 30-Year Fixed Rate Mortgage — Federal Reserve historical rate data
- FHFA Conforming Loan Limits — county-level conforming/jumbo cutoffs
- CFPB — Owning a Home — consumer mortgage guidance from federal consumer agency
- HUD — Housing Programs — FHA, VA loan requirements and limits
- U.S. Census — Carneys Point QuickFacts — local home values, ownership rates
Disclaimer: Rate quotes shown are based on weekly published averages and are for informational use only — they are not loan offers. Your actual rate depends on credit score, loan-to-value, debt-to-income ratio, occupancy, and lender-specific factors. Get personalized quotes from at least 3 licensed lenders before committing. Use the CFPB Rate Explorer to compare offers.
Reviewed by Brazora Monk · Last updated 2026 · Rate data updated weekly with Freddie Mac PMMS releases
Frequently Asked Questions About Mortgages in Carneys Point
What are the current mortgage rates in Carneys Point, NJ?
As of May 2026, the average 30-year fixed mortgage rate in Carneys Point, New Jersey is 6.9%, while the 15-year fixed rate is 6.11%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.81% above the national average of 6.09%.
How much is a monthly mortgage payment in Carneys Point?
Based on the median home price of $465,000 with 20% down, the estimated monthly mortgage payment in Carneys Point is $2,450 for principal and interest. Including property taxes of $802/month, the total monthly housing cost is approximately $3,252.
What income do I need to buy a home in Carneys Point?
Using the 28% rule, you would need an annual income of approximately $139,371 to afford the median-priced home in Carneys Point at $465,000. The median household income in Carneys Point is $73,500. This means most households would need to either earn above the median or consider homes below $465,000.
Is Carneys Point a good place to buy a home in 2026?
Carneys Point has a higher cost of living than average with a cost of living index of 123.5 (national average = 100). The property tax rate in New Jersey is 2.07%, which is above the national average. Carneys Point has a population of 17,695 and offers a balanced lifestyle.
Mortgage Rates in Other New Jersey Cities
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📊 Sources & Methodology
- 30-yr/15-yr fixed rates: Freddie Mac Primary Mortgage Market Survey (PMMS), weekly national average adjusted for New Jersey regional spread.
- Median home price: $465,000 sourced from Redfin / Zillow real estate listings (2026 data).
- Property tax rate: 2.07% effective rate per Tax Foundation 2026 state property tax data.
- Median household income: $73,500 per US Census Bureau ACS 5-year estimate.
- Calculations: standard amortization formula M = P[r(1+r)^n] / [(1+r)^n − 1], with r = monthly rate, n = 360 months, P = loan amount (80% of home price).
Last updated: May 2026. Rates are approximate averages based on regional lending data for the Carneys Point, New Jersey area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.