Cambridge Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cambridge averaged
6.86%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.86% and
one month ago for the week of 2025-05-29, the
average rate was 7.18%.
Cambridge's average rate one year ago was 7.15%.
For refis of the same type during the week of 2025-07-03, the average rate
was 6.77%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Cambridge 30 Year Fixed Rate | 2025-07-03 | 6.86% |
| Cambridge 30 Year Fixed Rate Refi | 2025-07-03 | 6.77% |
| Cambridge 15 Year Fixed Rate | 2025-07-03 | 6% |
| Cambridge 15 Year Fixed Rate Refi | 2025-07-03 | 6.3% |
| Cambridge 30 Year FHA | 2025-07-03 | -0.03% |
| Cambridge 30 Year FHA Refi | 2025-07-03 | -0.1% |
| Cambridge 30 Year USDA | 2025-07-03 | -0.2% |
| Cambridge 30 Year USDA Refi | 2025-07-03 | 0.1% |
| Cambridge 30 Year VA | 2025-07-03 | -0.1% |
| Cambridge 30 Year VA Refi | 2025-07-03 | -0.2% |
Cambridge Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Cambridge, MD market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Cambridge Average Closing Costs & Other Stats
Cambridge, MD's 76 lenders originated 786
loans during 2024. The total origination value was $185,460,000, with an average loan value of
$235,954.
Cambridge's average closing costs are $6,417.
The top Cambridge lender as defined by loan originations is QUICKEN LOANS, LLC, with
28 loans originated. Their average total fees are
$6,739, which is $71
lower than the next largest lender,
NFM, INC..
The lowest fee Cambridge lenders (with over 10 loans originated) are
MOVEMENT MORTGAGE, LLC ($6,342), QUICKEN LOANS, LLC ($6,739), NFM, INC. ($6,809), Truist ($6,955) and FIRST HOME MORTGAGE CORPORATION ($8,630).
The lowest rate Cambridge lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.65%), MOVEMENT MORTGAGE, LLC (6.67%), Truist (6.67%), FIRST HOME MORTGAGE CORPORATION (6.83%) and NFM, INC. (7.35%).
Cambridge, MD Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $8,285,000 | $14,605,000 | 76.3% | 7.9% |
| DHI MORTGAGE COMPANY, LTD. | $9,075,000 | $11,125,000 | 22.6% | 6.0% |
| NVR Mortgage Finance, Inc. | $13,650,000 | $9,150,000 | -33.0% | 4.9% |
| FIRST HOME MORTGAGE CORPORATION | $5,760,000 | $9,085,000 | 57.7% | 4.9% |
| NFM, INC. | $4,505,000 | $7,655,000 | 69.9% | 4.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,485,000 | $7,540,000 | 68.1% | 4.1% |
| BAY CAPITAL MORTGAGE CORPORATION | $1,400,000 | $6,020,000 | 330.0% | 3.2% |
| FREEDOM MORTGAGE CORPORATION | $2,235,000 | $5,870,000 | 162.6% | 3.2% |
| Truist | $3,130,000 | $5,290,000 | 69.0% | 2.9% |
| MOVEMENT MORTGAGE, LLC | $4,120,000 | $4,825,000 | 17.1% | 2.6% |
| ENVOY MORTGAGE, LTD | $6,335,000 | $4,005,000 | -36.8% | 2.2% |
| Shore United Bank | $2,965,000 | $3,795,000 | 28.0% | 2.0% |
| STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED | $4,075,000 | $3,085,000 | -24.3% | 1.7% |
| M&T Bank | $2,395,000 | $3,075,000 | 28.4% | 1.7% |
| Meridian Bank Corporation | $1,290,000 | $3,070,000 | 138.0% | 1.7% |
| Mortgage Research Center, LLC | $2,360,000 | $2,775,000 | 17.6% | 1.5% |
| Bank of America | $3,945,000 | $2,515,000 | -36.2% | 1.4% |
| The Queenstown Bank of Maryland | $4,190,000 | $2,500,000 | -40.3% | 1.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $920,000 | $2,445,000 | 165.8% | 1.3% |
| PENNYMAC LOAN SERVICES, LLC | $1,700,000 | $2,390,000 | 40.6% | 1.3% |
| TIDEWATER MORTGAGE SERVICES, INC. | $2,730,000 | $2,260,000 | -17.2% | 1.2% |
| CMG MORTGAGE, INC. | $3,295,000 | $2,175,000 | -34.0% | 1.2% |
| GUARANTEED RATE, INC. | $2,975,000 | $2,060,000 | -30.8% | 1.1% |
| NAVY FEDERAL CREDIT UNION | $1,255,000 | $2,020,000 | 61.0% | 1.1% |
| JPMorgan Chase Bank | $390,000 | $1,810,000 | 364.1% | 1.0% |
| EMBRACE HOME LOANS, INC. | $1,745,000 | $1,785,000 | 2.3% | 1.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $730,000 | $1,765,000 | 141.8% | 1.0% |
| Prosperity Home Mortgage, LLC | $1,055,000 | $1,730,000 | 64.0% | 0.9% |
| EMM LOANS LLC | $1,900,000 | $1,705,000 | -10.3% | 0.9% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $965,000 | $1,700,000 | 76.2% | 0.9% |
| MidAtlantic Farm Credit, ACA | $195,000 | $1,470,000 | 653.8% | 0.8% |
| OCMBC, INC. | $485,000 | $1,465,000 | 202.1% | 0.8% |
| RADIUS FINANCIAL GROUP INC. | $215,000 | $1,465,000 | 581.4% | 0.8% |
| Towne Bank | $1,455,000 | $1,460,000 | 0.3% | 0.8% |
| LOANDEPOT.COM, LLC | $270,000 | $1,430,000 | 429.6% | 0.8% |
| DIRECT MORTGAGE LOANS, LLC | $1,730,000 | $1,395,000 | -19.4% | 0.8% |
| The Peoples Bank | $1,365,000 | n/a | 0.7% | |
| U.S. Bank | $420,000 | $1,315,000 | 213.1% | 0.7% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,255,000 | $1,190,000 | -5.2% | 0.6% |
| Sierra Pacific Mortgage Company, Inc. | $1,180,000 | n/a | 0.6% | |
| WesBanco | $515,000 | $1,180,000 | 129.1% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $890,000 | $1,150,000 | 29.2% | 0.6% |
| GUILD MORTGAGE COMPANY | $570,000 | $1,145,000 | 100.9% | 0.6% |
| 1ST FINANCIAL, INC. | $1,095,000 | n/a | 0.6% | |
| First Shore Federal Savings and Loan Association | $240,000 | $1,090,000 | 354.2% | 0.6% |
| VILLAGE CAPITAL MORTGAGE | $990,000 | $895,000 | -9.6% | 0.5% |
| BayVanguard Bank | $1,290,000 | $825,000 | -36.0% | 0.4% |
| Fulton Bank | $1,625,000 | $805,000 | -50.5% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $715,000 | $735,000 | 2.8% | 0.4% |
| Hebron Savings Bank | $1,170,000 | $700,000 | -40.2% | 0.4% |
| Wells Fargo Bank | $965,000 | $675,000 | -30.1% | 0.4% |
| Ameris Bank | $665,000 | n/a | 0.4% | |
| City Lending Inc. | $650,000 | n/a | 0.4% | |
| Alcova Mortgage LLC | $645,000 | n/a | 0.3% | |
| Fleetwood Bank | $615,000 | n/a | 0.3% | |
| Capital Bank | $390,000 | $600,000 | 53.8% | 0.3% |
| USAA Federal Savings Bank | $850,000 | $590,000 | -30.6% | 0.3% |
| OceanFirst Bank | $580,000 | n/a | 0.3% | |
| Carrington Mortgage Services, LLC | $845,000 | $550,000 | -34.9% | 0.3% |
| AmRes Corporation | $540,000 | n/a | 0.3% | |
| Charles Schwab Bank, SSB | $525,000 | n/a | 0.3% | |
| PNC Bank | $1,085,000 | $525,000 | -51.6% | 0.3% |
| RELIANCE FIRST CAPITAL, LLC | $520,000 | n/a | 0.3% | |
| SPRING EQ, LLC | $25,000 | $520,000 | 1,980.0% | 0.3% |
| Northpointe Bank | $515,000 | n/a | 0.3% | |
| The Huntington National Bank | $515,000 | n/a | 0.3% | |
| Keystone Funding, Inc. | $600,000 | $500,000 | -16.7% | 0.3% |
| POINT BREEZE | $485,000 | n/a | 0.3% | |
| Citizens Bank | $80,000 | $475,000 | 493.8% | 0.3% |
| Encompass Lending Group, LP | $475,000 | n/a | 0.3% | |
| Waterstone Mortgage Corporation | $825,000 | $440,000 | -46.7% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $430,000 | n/a | 0.2% | |
| First Heritage Mortgage, LLC | $985,000 | $430,000 | -56.3% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $415,000 | $425,000 | 2.4% | 0.2% |
| Plains Commerce Bank | $450,000 | $420,000 | -6.7% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $415,000 | n/a | 0.2% | |
| PARTNERS 1ST Federal Credit Union | $330,000 | $410,000 | 24.2% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $135,000 | $405,000 | 200.0% | 0.2% |
| SWBC MORTGAGE CORPORATION | $305,000 | $405,000 | 32.8% | 0.2% |
| Wilmington Savings Fund Society, FSB | $1,005,000 | $405,000 | -59.7% | 0.2% |
| The Loan Store, Inc. | $395,000 | n/a | 0.2% | |
| GEO-CORP, INC. | $390,000 | n/a | 0.2% | |
| Nations Lending Corporation | $155,000 | $385,000 | 148.4% | 0.2% |
| TOWER | $505,000 | $385,000 | -23.8% | 0.2% |
| UNION HOME MORTGAGE CORP. | $75,000 | $385,000 | 413.3% | 0.2% |
| Sandy Spring Bank | $165,000 | $380,000 | 130.3% | 0.2% |
| Woodsboro Bank | $375,000 | n/a | 0.2% | |
| FIRST SAVINGS MORTGAGE CORPORATION | $205,000 | $365,000 | 78.0% | 0.2% |
| ZILLOW HOME LOANS, LLC | $360,000 | n/a | 0.2% | |
| EQUITY RESOURCES, INC. | $335,000 | $355,000 | 6.0% | 0.2% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $340,000 | n/a | 0.2% | |
| NEWREZ LLC | $465,000 | $340,000 | -26.9% | 0.2% |
| Presidential Bank, FSB | $1,520,000 | $325,000 | -78.6% | 0.2% |
| First National Bank of Pennsylvania | $1,005,000 | $315,000 | -68.7% | 0.2% |
| Summit Community Bank, Inc. | $1,560,000 | $310,000 | -80.1% | 0.2% |
| SIRVA MORTGAGE, INC. | $305,000 | n/a | 0.2% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $305,000 | $305,000 | 0.0% | 0.2% |
| CLEARPATH LENDING | $300,000 | n/a | 0.2% | |
| MY MORTGAGE, INC. | $295,000 | n/a | 0.2% | |
| PENTAGON FEDERAL CREDIT UNION | $225,000 | $295,000 | 31.1% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $295,000 | n/a | 0.2% | |
| Residential Acceptance Corporation | $295,000 | n/a | 0.2% | |
| Evolve Bank & Trust | $165,000 | $285,000 | 72.7% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $685,000 | $275,000 | -59.9% | 0.1% |
| Flagstar Bank, FSB | $265,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $260,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $245,000 | n/a | 0.1% | |
| DELTA COMMUNITY CREDIT UNION | $245,000 | n/a | 0.1% | |
| Credence Funding Corporation | $235,000 | n/a | 0.1% | |
| NBKC BANK | $235,000 | n/a | 0.1% | |
| AMERICAN HERITAGE LENDING, INC. | $520,000 | $230,000 | -55.8% | 0.1% |
| BAYSHORE MORTGAGE FUNDING, LLC | $125,000 | $225,000 | 80.0% | 0.1% |
| Equity Prime Mortgage LLC | $225,000 | n/a | 0.1% | |
| FIDELITY DIRECT MORTGAGE, LLC | $225,000 | $225,000 | 0.0% | 0.1% |
| First Federal Bank | $225,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL | $830,000 | $205,000 | -75.3% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $205,000 | n/a | 0.1% | |
| BROKER SOLUTIONS, INC. | $620,000 | $200,000 | -67.7% | 0.1% |
| 21ST MORTGAGE CORPORATION | $65,000 | $195,000 | 200.0% | 0.1% |
| Hometown Equity Mortgage, LLC | $195,000 | n/a | 0.1% | |
| Figure Lending LLC | $55,000 | $190,000 | 245.5% | 0.1% |
| Acre Mortgage and Financial Inc | $185,000 | n/a | 0.1% | |
| RF Renovo Management Company, LLC | $185,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $310,000 | $175,000 | -43.5% | 0.1% |
| CAPITAL CENTER, L.L.C. | $175,000 | n/a | 0.1% | |
| MidFirst Bank | $175,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $285,000 | $175,000 | -38.6% | 0.1% |
| DAS Acquisition Company, LLC | $255,000 | $165,000 | -35.3% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $75,000 | $160,000 | 113.3% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $155,000 | n/a | 0.1% | |
| First National Bank of America | $260,000 | $145,000 | -44.2% | 0.1% |
| Logan Finance Corporation | $145,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $135,000 | n/a | 0.1% | |
| QUORUM FEDERAL CREDIT UNION | $125,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $130,000 | $125,000 | -3.8% | 0.1% |
| BAY EQUITY LLC | $365,000 | $115,000 | -68.5% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $105,000 | n/a | 0.1% | |
| TD Bank | $55,000 | $105,000 | 90.9% | 0.1% |
| TIDEMARK FEDERAL CREDIT UNION | $820,000 | $105,000 | -87.2% | 0.1% |
| Burke & Herbert Bank & Trust Company | $95,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $115,000 | $95,000 | -17.4% | 0.1% |
| Home Loan Investment Bank, F.S.B. | $40,000 | $75,000 | 87.5% | 0.0% |
| LOANPAL, LLC | $75,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $95,000 | $55,000 | -42.1% | 0.0% |
| EDUCATIONAL SYSTEMS | $45,000 | $55,000 | 22.2% | 0.0% |
| ABERDEEN PROVING GROUND FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $35,000 | n/a | 0.0% |
Cambridge's top lender by overall market share is QUICKEN LOANS, LLC, with 7.9% market share. In second place, with 6.0%, is DHI MORTGAGE COMPANY, LTD., having originated $11,125,000 in loans. In third place, with 4.9%, is NVR Mortgage Finance, Inc., having originated $9,150,000 in loans. In fourth place, with 4.9%, is FIRST HOME MORTGAGE CORPORATION, having originated $9,085,000 in loans. In fifth place, with 4.1%, is NFM, INC., having originated $7,655,000 in loans.
Cambridge, MD Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 513 | $140,495,000 | $273,869 |
| Cash Out Refi | 107 | $19,825,000 | $185,280 |
| Refi | 81 | $17,545,000 | $216,605 |
| Other | 47 | $4,465,000 | $95,000 |
| Home Improvement | 38 | $3,130,000 | $82,368 |
Cambridge's most frequently cited loan purpose was Home Purchase, with 513 originations. The 2nd most popular reason was Cash Out Refi, with 107 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 323 | $82,585,000 | $255,681 |
| 7-8% | 159 | $41,355,000 | $260,094 |
| 5-6% | 132 | $35,240,000 | $266,970 |
| Over 8% | 118 | $14,350,000 | $121,610 |
| 4-5% | 10 | $2,940,000 | $294,000 |
| <2.5% | 8 | $590,000 | $73,750 |
| 2.5-3% | 2 | $470,000 | $235,000 |
During 2024, Cambridge's most frequently originated rate bucket was 6-7%, with 323 originations.
Loan Sizing (Cambridge, MD MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 403 | $112,555,000 | $279,293 |
| $100k-200k | 188 | $27,980,000 | $148,830 |
| $100,000 or less | 128 | $7,120,000 | $55,625 |
| $400k-600k | 49 | $22,635,000 | $461,939 |
| $600k-1000k | 14 | $9,890,000 | $706,429 |
| $Over $1MM | 4 | $5,280,000 | $1,320,000 |
Cambridge's loan sizing saw the bucket of loans from $200k-400k with 403 originations, totaling $112,555,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 385 | $107,275,000 | $278,636 |
| 60-80% | 140 | $37,390,000 | $267,071 |
| 20-40% | 70 | $7,310,000 | $104,429 |
| Under 20% | 60 | $3,140,000 | $52,333 |
| 40-60% | 53 | $10,795,000 | $203,679 |
| Over 100% | 17 | $5,475,000 | $322,059 |
Cambridge's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 385 originations, totaling $107,275,000 in origination value.