See the latest Maryland mortgage rates for fixed rates: 30 year, 20, 15, 10 FHA, VA, Jumbo, plus variable rates: 10, 7, 5, 3 year. Also see how local rates compare nationally and main lending options available across the state.
Buying a home in Maryland could be easier with today’s mortgage rates.
Mortgage Rates in Maryland –
The table below shows today’s home purchase mortgage rates for Maryland, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.26% | 6.31% | 6.36% | |
| Maryland | 6.31% | 6.36% | 6.41% | |
| Credit Unions | 5.91% | 5.96% | 6.11% | 9.0/10 |
| Online lenders | 6.01% | 6.06% | 6.21% | 7.7/10 |
| Banks | 6.31% | 6.36% | 6.41% | 7.7/10 |
| 30 year fixed | 6.31% | 6.36% | 6.41% | |
| 30 year fixed FHA | 6.73% | 6.78% | 6.83% | |
| 30 year fixed VA | 6.02% | 6.07% | 6.12% | |
| 30 year fixed Jumbo | 6.54% | 6.92% | 7.11% | |
| 20 year fixed | 6.09% | 6.14% | 6.19% | |
| 15 year fixed | 5.77% | 5.82% | 5.87% | |
| 10 year fixed | 5.83% | 5.88% | 5.93% | |
| 3 year ARM | 3.62% | 3.67% | 3.72% | |
| 5 year ARM | 6.41% | 6.46% | 6.51% | |
| 7 year ARM | 6.31% | 6.36% | 6.41% | |
| 10 year ARM | 6.31% | 6.36% | 6.41% | |
| Satisfaction | 8.3/10 | 8.4/10 | 7.9/10 |
Source: MFP’s Community Home Purchase Rates Survey from Maryland members in the last 30 days.
How Maryland Compares to National Averages
- Maryland mortgage rates (6.31% for best credit scores) are in line with national averages (national average: 6.26%).
- Credit unions are more competitive: In Maryland, credit unions offer 5.91%, banks 6.31%, online lenders 6.01%.
Mortgage Options in Maryland
- 30 year fixed: 6.31% - most popular long-term option for predictable payments
- 20 year fixed: 6.09% - balance between payment size and interest savings
- 15 year fixed: 5.77% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.83% - shortest fixed-term option with competitive rates
- 10 year variable: 3.62% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.41% - A mid-term variable option...
- 5 year variable: 6.31% - Shorter-term variable mortgage...
- 3 year variable: 6.31% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Maryland Metro Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Baltimore | 6.50% | 5.71% |
| Columbia | 6.47% | 5.68% |
| Frederick | 6.46% | 5.67% |
| Gaithersburg | 6.52% | 5.73% |
| Rockville | 6.51% | 5.72% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Compare Lenders Rated by Maryland Homeowners
Maryland homeowners rated their mortgage lenders on:
- Ease of application
- Rates and terms offered
- Customer support and advice
- Overall recommendation %
See the Best Mortgage Lenders in Maryland
FAQs Maryland Mortgage Rates
Are home purchase rates higher in Maryland than the U.S. average?
Maryland rates typically run slightly above national averages due to the state’s competitive housing markets and regional economic factors.
What credit score is best for buying a home in Maryland?
A credit score of 720 or higher generally secures the most favorable mortgage rates from Maryland lenders.
Is it better to choose a fixed-rate or ARM in Maryland?
Fixed-rate mortgages offer payment consistency for long-term residents, while ARMs can provide initial savings for those planning shorter-term ownership.
More Maryland Home Information:
Maryland Best Mortgage Lenders
Maryland Best Home Insurance from Community Recommendations & Insurance Costs
More Resources for Maryland Homeowners.