Maryland Mortgage and Refinance Rates

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Current Maryland Mortgage Rates

Average market rates for April 17, 2024 in Maryland are 7.29% for 30-year fixed purchase and 7.34% for 30-year fixed refinance

ProductRateAPR
30-year Fixed Purchase7.29%7.32%
30-year Fixed Refinance7.34%7.37%
Rates based on market averages as of Apr 16, 2024.
ProductRateAPR
30-year Fixed Purchase7.29%7.32%
30-year Fixed Refinance7.34%7.37%
Rates based on market averages as of Apr 16, 2024.

Maryland Purchase Rates

ProductRateAPR
15-year Fixed Purchase6.46%6.51%
15-year Fixed Jumbo Purchase6.88%6.92%
30-year Fixed Purchase7.29%7.32%
30-year Fixed Jumbo Purchase7.65%7.67%
Rates based on market averages as of Apr 16, 2024.

Maryland Refinance Rates

ProductRateAPR
15-year Fixed Refinance6.46%6.51%
15-year Fixed Jumbo Refinance6.89%6.93%
30-year Fixed Refinance7.34%7.37%
30-year Fixed Jumbo Refinance7.65%7.67%
Rates based on market averages as of Apr 16, 2024.

Maryland ARM Rates

ProductRateAPR
5/6 Arm (purchase)7.67%7.72%
5/6 Arm (refinance)7.69%7.74%
5/6 Jumbo Arm (purchase)6.99%7.00%
5/6 Jumbo Arm (refinance)7.01%7.02%
Rates based on market averages as of Apr 16, 2024.

How we source rates and rate trends

Most Common Mortgage Types in Maryland

  • Conventional: 53,961 loans
  • FHA: 14,837 loans
  • USDA: 1,030 loans
  • VA: 8,896 loans

Top Purchase Lenders in Maryland by Volume

  • First Home Mortgage Corporation: 4,615 loans
  • Rocket Mortgage, LLC: 3,151 loans
  • Nvr Mortgage Finance, Inc.: 2,480 loans
  • Nfm, Inc.: 2,100 loans
  • Primary Residential Mortgage, Inc.: 2,072 loans
  • Prosperity Home Mortgage, LLC: 1,813 loans
  • Towne Bank: 1,768 loans
  • Truist Bank: 1,746 loans
  • Navy Federal Credit Union: 1,636 loans
  • Caliber Home Loans, Inc.: 1,621 loans

Top Refinance Lenders in Maryland by Volume

  • Rocket Mortgage, LLC: 1,524 loans
  • PNC Bank: 1,285 loans
  • Pennymac Loan Services, LLC: 932 loans
  • Truist Bank: 888 loans
  • Wells Fargo Bank: 730 loans
  • Nationstar Mortgage LLC: 641 loans
  • Manufacturers And Traders Trust Company: 587 loans
  • Freedom Mortgage Corporation: 565 loans
  • Bank Of America: 518 loans
  • First National Bank Of Pennsylvania: 414 loans

Top Cash-Out Refinance Lenders in Maryland by Volume

  • Rocket Mortgage, LLC: 4,769 loans
  • Loandepot.com, LLC: 1,220 loans
  • Nationstar Mortgage LLC: 1,185 loans
  • Freedom Mortgage Corporation: 1,072 loans
  • Wells Fargo Bank: 982 loans
  • Pennymac Loan Services, LLC: 874 loans
  • State Employees Credit Union Of Maryland, Incorporated: 803 loans
  • Navy Federal Credit Union: 717 loans
  • Newrez LLC: 536 loans
  • Amerisave Mortgage Corporation: 489 loans

How we source lender data

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