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Baltimore

Current Mortgage Rates in Baltimore, Maryland

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

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

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Mortgage Rates in Baltimore, MD as of December 11, 2019
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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 Baltimore, MD Mortgage Rates Compare?

December 11, 2019

The current average rate for a 30 year fixed rate mortgage in Baltimore 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
Baltimore, MD Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Baltimore, Maryland?

The median home value for Baltimore, MD is $267,751

The median household income for Baltimore, MD is $74,005

Based on current mortgage rates and a 10% down payment, you need to make $49,676 per year to buy the median priced home in Baltimore

The home price you can afford to buy based on household income in Baltimore is 149% of the median home value which means housing prices are average

Baltimore ranks 10 out of 24 counties in Maryland and 2,559 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Baltimore, MD is average

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Loan Limits for Baltimore, Maryland

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Baltimore below.

Conforming loan limits for Baltimore, MD

1 unit: $517,500
2 units: $662,500
3 units: $800,800
4 units: $995,200

FHA loan limits for Baltimore, MD

1 unit: $517,500
2 units: $662,500
3 units: $800,800
4 units: $995,200

VA loan limits for Baltimore, MD

1 unit: $517,500

Additional Mortgage Resources for Baltimore, MD 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/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index