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Maryland

Current Maryland Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Maryland. Review free, personalized mortgage rates for Maryland based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Maryland. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Maryland as of August 18, 2019
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Get Personalized Mortgage Quotes for Maryland

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Maryland Mortgage Rates Compare?

August 18, 2019

The current average rate for a 30 year fixed rate mortgage in Maryland is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Maryland Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Maryland?

The median home value for Maryland is $334,915

The median household income for Maryland is $84,292

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Maryland is $62,137

The home price you can afford to by based on household income in Maryland is 136% of the median home value which means housing prices are expensive. Maryland ranks 33 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Maryland is expensive

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Additional Mortgage Resources for Maryland Residents

Mortgage Rates for Maryland Cities

Annapolis Mortgage Rates

Baltimore Mortgage Rates

Baltimore city Mortgage Rates

Bethesda Mortgage Rates

Charles Mortgage Rates

Columbia Mortgage Rates

Elkton Mortgage Rates

Frederick Mortgage Rates

Hagerstown Mortgage Rates

Harford Mortgage Rates

Lexington Park Mortgage Rates

Prince Georges Mortgage Rates

Salisbury Mortgage Rates

Westminister Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

FREEandCLEAR Housing Affordability Index