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Harford

Current Mortgage Rates in Harford, Maryland

Compare mortgage rates and fees for leading lenders in Harford, 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 Harford.

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

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Mortgage Rates in Harford, MD as of August 22, 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 Harford, MD Mortgage Rates Compare?

August 22, 2019

The current average rate for a 30 year fixed rate mortgage in Harford 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
Harford, MD 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 Harford, Maryland?

The median home value for Harford, MD is $309,465

The median household income for Harford, MD is $85,996

Based on current mortgage rates and a 10% down payment, you need to make $57,416 per year to buy the median priced home in Harford

The home price you can afford to by based on household income in Harford is 150% of the median home value which means housing prices are average

Harford ranks 9 out of 24 counties in Maryland and 2,545 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Harford, Maryland

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

Conforming loan limits for Harford, MD

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

FHA loan limits for Harford, MD

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

VA loan limits for Harford, MD

1 unit: $517,500

Additional Mortgage Resources for Harford, MD Residents

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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