Maryland Mortgage Rates Today — Compare MD Lenders
The average 30-year fixed mortgage rate in Maryland is currently 6.65% APR. Maryland’s proximity to Washington DC drives high home prices in suburban counties. The Eastern Shore offers significantly more affordable alternatives. Compare today’s rates from top Maryland lenders across all major loan types below.
Maryland Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $480,000 loan on a single-family primary residence in Maryland.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.65% | 6.65% | Most Popular |
| 15-Year Fixed | 6.00% | 6.00% | Pay off faster, save interest |
| 5/1 ARM | 6.77% | 6.77% | Short-term owners |
| FHA 30-Year | 6.30% | 6.30% | Low down payment |
| VA 30-Year | 6.12% | 6.12% | Veterans & military |
| 30-Year Refinance | 6.77% | 6.77% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in Maryland
Maryland’s housing market is strongly influenced by the federal government and defense sector. Montgomery and Prince George’s counties command premium prices due to proximity to Washington DC, while Baltimore and Western Maryland offer more affordable alternatives.
Maryland has one of the highest median household incomes in the US, supporting strong housing demand. The Maryland DHCD offers excellent first-time buyer programs. High property taxes in some jurisdictions are an important consideration.
What Affects Your Maryland Mortgage Rate?
Several key factors influence the rate a Maryland lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.