Baltimore city

Current Mortgage Rates in Baltimore city, Maryland

Compare mortgage rates and fees for leading lenders in Baltimore city, 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 city.

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 city. Plus, shopping lenders is free and there is no obligation.

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Get Personalized Mortgage Quotes for Baltimore city, MD

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 city, MD Mortgage Rates Compare?

November 11, 2019

The current average rate for a 30 year fixed rate mortgage in Baltimore city 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 city, 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 city, Maryland?

The median home value for Baltimore city, MD is $163,355

The median household income for Baltimore city, MD is $48,067

Based on current mortgage rates and a 10% down payment, you need to make $30,308 per year to buy the median priced home in Baltimore city

The home price you can afford to buy based on household income in Baltimore city is 159% of the median home value which means housing prices are average

Baltimore city ranks 3 out of 24 counties in Maryland and 2,404 out of 3,142 counties in the United States for housing affordability.

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

Loan Limits for Baltimore city, Maryland

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

Conforming loan limits for Baltimore city, MD

1 unit: $517,500

2 units: $662,500

3 units: $800,800

4 units: $995,200

FHA loan limits for Baltimore city, MD

1 unit: $517,500

2 units: $662,500

3 units: $800,800

4 units: $995,200

VA loan limits for Baltimore city, MD

1 unit: $517,500