Maine Mortgage and Refinance Rates

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Current Maine Mortgage Rates

Average market rates for May 24, 2024 in Maine are 7.10% for 30-year fixed purchase and 7.18% for 30-year fixed refinance

ProductRateAPR
30-year Fixed Purchase7.10%7.12%
30-year Fixed Refinance7.18%7.21%
Rates based on market averages as of May 24, 2024.
ProductRateAPR
30-year Fixed Purchase7.10%7.12%
30-year Fixed Refinance7.18%7.21%
Rates based on market averages as of May 24, 2024.

Maine Purchase Rates

ProductRateAPR
15-year Fixed Purchase6.29%6.34%
15-year Fixed Jumbo Purchase6.69%6.71%
30-year Fixed Purchase7.10%7.12%
30-year Fixed Jumbo Purchase7.31%7.34%
Rates based on market averages as of May 24, 2024.

Maine Refinance Rates

ProductRateAPR
15-year Fixed Refinance6.29%6.34%
15-year Fixed Jumbo Refinance6.70%6.72%
30-year Fixed Refinance7.18%7.21%
30-year Fixed Jumbo Refinance7.28%7.31%
Rates based on market averages as of May 24, 2024.

Maine ARM Rates

ProductRateAPR
5/6 Arm (purchase)7.48%7.51%
5/6 Arm (refinance)7.58%7.62%
5/6 Jumbo Arm (purchase)6.93%6.94%
5/6 Jumbo Arm (refinance)6.99%6.99%
Rates based on market averages as of May 24, 2024.

How we source rates and rate trends

Most Common Mortgage Types in Maine

  • Conventional: 12,245 loans
  • FHA: 2,089 loans
  • USDA: 566 loans
  • VA: 1,301 loans

Top Purchase Lenders in Maine by Volume

  • Bangor Savings Bank: 1,324 loans
  • Guild Mortgage Company LLC: 1,121 loans
  • The Camden National Bank: 883 loans
  • Cmg Mortgage, Inc.: 781 loans
  • Kennebec Savings Bank: 578 loans
  • Rocket Mortgage, LLC: 499 loans
  • Fairway Independent Mortgage Corporation: 497 loans
  • Mortgage Research Center, LLC: 411 loans
  • Caliber Home Loans, Inc.: 374 loans
  • First National Bank: 346 loans

Top Refinance Lenders in Maine by Volume

  • Bangor Savings Bank: 610 loans
  • Keybank: 294 loans
  • Td Bank: 250 loans
  • Rocket Mortgage, LLC: 172 loans
  • The Camden National Bank: 145 loans
  • First National Bank: 140 loans
  • Machias Savings Bank: 103 loans
  • Nationstar Mortgage LLC: 81 loans
  • Freedom Mortgage Corporation: 74 loans
  • Newrez LLC: 73 loans

Top Cash-Out Refinance Lenders in Maine by Volume

  • Rocket Mortgage, LLC: 1,113 loans
  • The Camden National Bank: 339 loans
  • Loandepot.com, LLC: 306 loans
  • Kennebec Savings Bank: 263 loans
  • Atlantic Regional Federal Credit Union: 259 loans
  • Nationstar Mortgage LLC: 257 loans
  • Bangor Savings Bank: 218 loans
  • Freedom Mortgage Corporation: 161 loans
  • Amerisave Mortgage Corporation: 147 loans
  • Norway Savings Bank: 140 loans

How we source lender data

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