Cambridge Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cambridge averaged
6.66%
for the week of 2024-11-27, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2024-11-21) was
6.99% and
one month ago for the week of 2024-10-24, the
average rate was 6.49%.
Cambridge's average rate one year ago was 7.24%.
For refis of the same type during the week of 2024-11-27, the average rate
was 7.31%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-11-27 | 6.81% |
Cambridge 30 Year Fixed Rate | 2024-11-27 | 6.66% |
Cambridge 30 Year Fixed Rate Refi | 2024-11-27 | 7.31% |
Cambridge 15 Year Fixed Rate | 2024-11-27 | 6.1% |
Cambridge 15 Year Fixed Rate Refi | 2024-11-27 | 6.5% |
Cambridge 30 Year FHA | 2024-11-27 | -0.04% |
Cambridge 30 Year FHA Refi | 2024-11-27 | 0% |
Cambridge 30 Year USDA | 2024-11-27 | 0% |
Cambridge 30 Year USDA Refi | 2024-11-27 | -0.2% |
Cambridge 30 Year VA | 2024-11-27 | -0.2% |
Cambridge 30 Year VA Refi | 2024-11-27 | -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 82 lenders originated 697
loans during 2023. The total origination value was $157,085,000, with an average loan value of
$225,373.
Cambridge's average closing costs are $6,074.
The top Cambridge lender as defined by loan originations is QUICKEN LOANS, LLC, with
18 loans originated. Their average total fees are
$6,331, which is $2,180
lower than the next largest lender,
FIRST HOME MORTGAGE CORPORATION.
The lowest fee Cambridge lenders (with over 10 loans originated) are
NVR Mortgage Finance, Inc. ($4,336), QUICKEN LOANS, LLC ($6,331), FIRST HOME MORTGAGE CORPORATION ($8,511), .
The lowest rate Cambridge lenders (with over 10 loans originated) are
NVR Mortgage Finance, Inc. (6.52%), FIRST HOME MORTGAGE CORPORATION (7.01%), QUICKEN LOANS, LLC (7.03%), .
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
NVR Mortgage Finance, Inc. | $11,730,000 | $13,650,000 | 16.4% | 8.7% |
DHI MORTGAGE COMPANY, LTD. | $3,905,000 | $9,075,000 | 132.4% | 5.8% |
QUICKEN LOANS, LLC | $13,280,000 | $8,285,000 | -37.6% | 5.3% |
ENVOY MORTGAGE, LTD | $2,310,000 | $6,335,000 | 174.2% | 4.0% |
FIRST HOME MORTGAGE CORPORATION | $10,070,000 | $5,760,000 | -42.8% | 3.7% |
NFM, INC. | $2,665,000 | $4,505,000 | 69.0% | 2.9% |
UNITED WHOLESALE MORTGAGE, LLC | $6,350,000 | $4,485,000 | -29.4% | 2.9% |
The Queenstown Bank of Maryland | $3,235,000 | $4,190,000 | 29.5% | 2.7% |
MOVEMENT MORTGAGE, LLC | $1,580,000 | $4,120,000 | 160.8% | 2.6% |
STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED | $4,730,000 | $4,075,000 | -13.8% | 2.6% |
Bank of America | $3,770,000 | $3,945,000 | 4.6% | 2.5% |
CMG MORTGAGE, INC. | $205,000 | $3,295,000 | 1,507.3% | 2.1% |
Truist | $7,185,000 | $3,130,000 | -56.4% | 2.0% |
ACADEMY MORTGAGE CORPORATION | $4,170,000 | $2,990,000 | -28.3% | 1.9% |
GUARANTEED RATE, INC. | $4,095,000 | $2,975,000 | -27.4% | 1.9% |
Shore United Bank | $3,110,000 | $2,965,000 | -4.7% | 1.9% |
TIDEWATER MORTGAGE SERVICES, INC. | $1,320,000 | $2,730,000 | 106.8% | 1.7% |
M&T Bank | $4,270,000 | $2,395,000 | -43.9% | 1.5% |
Mortgage Research Center, LLC | $2,460,000 | $2,360,000 | -4.1% | 1.5% |
FREEDOM MORTGAGE CORPORATION | $2,050,000 | $2,235,000 | 9.0% | 1.4% |
EMM LOANS LLC | $590,000 | $1,900,000 | 222.0% | 1.2% |
EMBRACE HOME LOANS, INC. | $1,640,000 | $1,745,000 | 6.4% | 1.1% |
DIRECT MORTGAGE LOANS, LLC | $1,380,000 | $1,730,000 | 25.4% | 1.1% |
PENNYMAC LOAN SERVICES, LLC | $1,755,000 | $1,700,000 | -3.1% | 1.1% |
Fulton Bank | $1,455,000 | $1,625,000 | 11.7% | 1.0% |
Summit Community Bank, Inc. | $1,560,000 | n/a | 1.0% | |
Presidential Bank, FSB | $1,005,000 | $1,520,000 | 51.2% | 1.0% |
Towne Bank | $1,155,000 | $1,455,000 | 26.0% | 0.9% |
BAY CAPITAL MORTGAGE CORPORATION | $1,615,000 | $1,400,000 | -13.3% | 0.9% |
BayVanguard Bank | $1,290,000 | n/a | 0.8% | |
Meridian Bank Corporation | $2,455,000 | $1,290,000 | -47.5% | 0.8% |
MUTUAL OF OMAHA MORTGAGE, INC. | $235,000 | $1,255,000 | 434.0% | 0.8% |
NAVY FEDERAL CREDIT UNION | $1,205,000 | $1,255,000 | 4.1% | 0.8% |
Hebron Savings Bank | $4,725,000 | $1,170,000 | -75.2% | 0.7% |
Goldman Sachs Bank USA | $1,125,000 | n/a | 0.7% | |
The Federal Savings Bank | $455,000 | $1,090,000 | 139.6% | 0.7% |
PNC Bank | $870,000 | $1,085,000 | 24.7% | 0.7% |
Prosperity Home Mortgage, LLC | $1,965,000 | $1,055,000 | -46.3% | 0.7% |
First National Bank of Pennsylvania | $550,000 | $1,005,000 | 82.7% | 0.6% |
Wilmington Savings Fund Society, FSB | $105,000 | $1,005,000 | 857.1% | 0.6% |
VILLAGE CAPITAL MORTGAGE | $125,000 | $990,000 | 692.0% | 0.6% |
First Heritage Mortgage, LLC | $645,000 | $985,000 | 52.7% | 0.6% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,235,000 | $965,000 | -21.9% | 0.6% |
Wells Fargo Bank | $2,685,000 | $965,000 | -64.1% | 0.6% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $965,000 | $960,000 | -0.5% | 0.6% |
Arundel Federal Savings Bank | $950,000 | n/a | 0.6% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $795,000 | $920,000 | 15.7% | 0.6% |
Mr. Cooper ( Nationstar Mortgage ) | $2,120,000 | $890,000 | -58.0% | 0.6% |
USAA Federal Savings Bank | $325,000 | $850,000 | 161.5% | 0.5% |
Carrington Mortgage Services, LLC | $720,000 | $845,000 | 17.4% | 0.5% |
CARDINAL FINANCIAL | $665,000 | $830,000 | 24.8% | 0.5% |
Waterstone Mortgage Corporation | $335,000 | $825,000 | 146.3% | 0.5% |
TIDEMARK FEDERAL CREDIT UNION | $820,000 | n/a | 0.5% | |
HOMESPIRE MORTGAGE CORPORATION | $620,000 | $775,000 | 25.0% | 0.5% |
CROSSCOUNTRY MORTGAGE, LLC | $2,645,000 | $730,000 | -72.4% | 0.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $420,000 | $715,000 | 70.2% | 0.5% |
GUARANTEED RATE AFFINITY, LLC | $1,650,000 | $685,000 | -58.5% | 0.4% |
ABSOLUTE HOME MORTGAGE CORPORATION | $275,000 | $680,000 | 147.3% | 0.4% |
DRAPER AND KRAMER MORTGAGE CORP. | $1,045,000 | $680,000 | -34.9% | 0.4% |
BROKER SOLUTIONS, INC. | $1,015,000 | $620,000 | -38.9% | 0.4% |
Keystone Funding, Inc. | $600,000 | n/a | 0.4% | |
GUILD MORTGAGE COMPANY | $235,000 | $570,000 | 142.6% | 0.4% |
Morgan Stanley Private Bank | $245,000 | $535,000 | 118.4% | 0.3% |
AMERICAN HERITAGE LENDING, INC. | $520,000 | n/a | 0.3% | |
WesBanco | $2,055,000 | $515,000 | -74.9% | 0.3% |
TOWER | $1,515,000 | $505,000 | -66.7% | 0.3% |
MCLEAN MORTGAGE CORPORATION | $2,390,000 | $485,000 | -79.7% | 0.3% |
OCMBC, INC. | $485,000 | n/a | 0.3% | |
Vellum Mortgage, Inc. | $285,000 | $480,000 | 68.4% | 0.3% |
EVERETT FINANCIAL, INC. | $425,000 | $475,000 | 11.8% | 0.3% |
NEWREZ LLC | $1,320,000 | $465,000 | -64.8% | 0.3% |
Plains Commerce Bank | $595,000 | $450,000 | -24.4% | 0.3% |
U.S. Bank | $400,000 | $420,000 | 5.0% | 0.3% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $215,000 | $415,000 | 93.0% | 0.3% |
HOMESIDE FINANCIAL, LLC | $880,000 | $410,000 | -53.4% | 0.3% |
George Mason Mortgage, LLC | $1,200,000 | $395,000 | -67.1% | 0.3% |
Capital Bank | $510,000 | $390,000 | -23.5% | 0.2% |
JPMorgan Chase Bank | $620,000 | $390,000 | -37.1% | 0.2% |
BAY EQUITY LLC | $395,000 | $365,000 | -7.6% | 0.2% |
EQUITY RESOURCES, INC. | $335,000 | n/a | 0.2% | |
PARTNERS 1ST Federal Credit Union | $500,000 | $330,000 | -34.0% | 0.2% |
Kish Bank | $325,000 | n/a | 0.2% | |
BETTER MORTGAGE CORPORATION | $315,000 | n/a | 0.2% | |
AMERISAVE MORTGAGE CORPORATION | $805,000 | $310,000 | -61.5% | 0.2% |
SUCCESS MORTGAGE PARTNERS, INC. | $450,000 | $305,000 | -32.2% | 0.2% |
SWBC MORTGAGE CORPORATION | $305,000 | n/a | 0.2% | |
AMERICAN FINANCIAL RESOURCES, INC. | $165,000 | $300,000 | 81.8% | 0.2% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,110,000 | $285,000 | -74.3% | 0.2% |
NATIONS DIRECT MORTGAGE, LLC | $655,000 | $285,000 | -56.5% | 0.2% |
NEW DAY FINANCIAL, LLC | $1,425,000 | $285,000 | -80.0% | 0.2% |
LOANDEPOT.COM, LLC | $1,735,000 | $270,000 | -84.4% | 0.2% |
First National Bank of America | $245,000 | $260,000 | 6.1% | 0.2% |
DAS Acquisition Company, LLC | $255,000 | n/a | 0.2% | |
SOUTHERN TRUST MORTGAGE, LLC | $2,505,000 | $255,000 | -89.8% | 0.2% |
CALIBER HOME LOANS, INC. | $2,230,000 | $245,000 | -89.0% | 0.2% |
First Shore Federal Savings and Loan Association | $515,000 | $240,000 | -53.4% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $225,000 | n/a | 0.1% | |
FIDELITY DIRECT MORTGAGE, LLC | $225,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $715,000 | $225,000 | -68.5% | 0.1% |
ARC HOME LLC | $215,000 | n/a | 0.1% | |
RADIUS FINANCIAL GROUP INC. | $215,000 | n/a | 0.1% | |
FIRST SAVINGS MORTGAGE CORPORATION | $1,005,000 | $205,000 | -79.6% | 0.1% |
MidAtlantic Farm Credit, ACA | $1,025,000 | $195,000 | -81.0% | 0.1% |
Barrington Bank & Trust Company, N.A. | $165,000 | $185,000 | 12.1% | 0.1% |
CIVIC FINANCIAL SERVICES, LLC | $315,000 | $185,000 | -41.3% | 0.1% |
Peoples Bank | $185,000 | n/a | 0.1% | |
NASA Federal Credit Union | $175,000 | n/a | 0.1% | |
Paramount Residential Mortgage Group, Inc. | $175,000 | n/a | 0.1% | |
Evolve Bank & Trust | $165,000 | n/a | 0.1% | |
Sandy Spring Bank | $605,000 | $165,000 | -72.7% | 0.1% |
Nations Lending Corporation | $1,065,000 | $155,000 | -85.4% | 0.1% |
LENDINGHOME FUNDING CORPORATION | $300,000 | $135,000 | -55.0% | 0.1% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $265,000 | $130,000 | -50.9% | 0.1% |
BAYSHORE MORTGAGE FUNDING, LLC | $385,000 | $125,000 | -67.5% | 0.1% |
Middletown Valley Bank | $115,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $115,000 | n/a | 0.1% | |
Third Federal Savings and Loan Association of Cleveland | $105,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $95,000 | n/a | 0.1% | |
Citizens Bank | $1,060,000 | $80,000 | -92.5% | 0.1% |
Northwest Federal Credit Union | $435,000 | $75,000 | -82.8% | 0.0% |
TRIAD FINANCIAL SERVICES, INC. | $125,000 | $75,000 | -40.0% | 0.0% |
UNION HOME MORTGAGE CORP. | $295,000 | $75,000 | -74.6% | 0.0% |
21ST MORTGAGE CORPORATION | $90,000 | $65,000 | -27.8% | 0.0% |
Lakeview Community Capital, LLC | $65,000 | n/a | 0.0% | |
PEOPLESBANK, A CODORUS VALLEY COMPANY | $65,000 | n/a | 0.0% | |
Figure Lending LLC | $55,000 | n/a | 0.0% | |
TD Bank | $225,000 | $55,000 | -75.6% | 0.0% |
EDUCATIONAL SYSTEMS | $45,000 | n/a | 0.0% | |
Home Loan Investment Bank, F.S.B. | $50,000 | $40,000 | -20.0% | 0.0% |
NEXTMARK | $35,000 | n/a | 0.0% | |
Southwest Airlines Federal Credit Union | $35,000 | n/a | 0.0% | |
State Department Federal Credit Union | $35,000 | n/a | 0.0% | |
SPRING EQ, LLC | $55,000 | $25,000 | -54.5% | 0.0% |
Cambridge's top lender by overall market share is NVR Mortgage Finance, Inc., with 8.7% market share. In second place, with 5.8%, is DHI MORTGAGE COMPANY, LTD., having originated $9,075,000 in loans. In third place, with 5.3%, is QUICKEN LOANS, LLC, having originated $8,285,000 in loans. In fourth place, with 4.0%, is ENVOY MORTGAGE, LTD, having originated $6,335,000 in loans. In fifth place, with 3.7%, is FIRST HOME MORTGAGE CORPORATION, having originated $5,760,000 in loans.
Cambridge Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Cambridge (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $199,000 (14.8%) | $318,036 (25.9%) | 0.00 | 219 |
2018-02-01 | $198,475 (13.4%) | $318,455 (23.2%) | 0.00 | 226 |
2018-03-01 | $199,900 (6.8%) | $322,874 (25.0%) | 0.00 | 223 |
2018-04-01 | $206,225 (6.9%) | $298,729 (2.0%) | 0.00 | 232 |
2018-05-01 | $214,375 (11.2%) | $300,894 (3.5%) | 0.00 | 254 |
2018-06-01 | $219,900 (11.6%) | $306,274 (4.6%) | 0.00 | 262 |
2018-07-01 | $223,850 (9.5%) | $307,898 (5.6%) | 0.00 | 260 |
2018-08-01 | $224,750 (11.2%) | $305,572 (6.0%) | 0.00 | 264 |
2018-09-01 | $229,000 (4.4%) | $279,572 (-14.5%) | 0.00 | 254 |
2018-10-01 | $239,513 (7.8%) | $300,775 (-7.2%) | 0.00 | 245 |
2018-11-01 | $239,063 (16.9%) | $325,500 (4.6%) | 0.00 | 233 |
2018-12-01 | $225,000 (12.6%) | $327,229 (4.3%) | 0.00 | 221 |
2019-01-01 | $199,925 (0.5%) | $310,954 (-2.2%) | 0.00 | 202 |
2019-02-01 | $207,175 (4.4%) | $313,085 (-1.7%) | 0.00 | 212 |
2019-03-01 | $202,086 (1.1%) | $306,970 (-4.9%) | 0.00 | 223 |
2019-04-01 | $207,450 (0.6%) | $300,148 (0.5%) | 0.00 | 242 |
2019-05-01 | $213,725 (-0.3%) | $298,752 (-0.7%) | 0.00 | 251 |
2019-06-01 | $229,000 (4.1%) | $304,824 (-0.5%) | 0.00 | 248 |
2019-07-01 | $229,000 (2.3%) | $307,841 (0.0%) | 0.00 | 249 |
2019-08-01 | $236,927 (5.4%) | $308,385 (0.9%) | 0.00 | 236 |
2019-09-01 | $232,468 (1.5%) | $308,188 (10.2%) | 0.00 | 228 |
2019-10-01 | $226,975 (-5.2%) | $308,056 (2.4%) | 0.00 | 224 |
2019-11-01 | $235,500 (-1.5%) | $330,580 (1.6%) | 0.00 | 219 |
2019-12-01 | $223,000 (-0.9%) | $325,083 (-0.7%) | 0.00 | 205 |
2020-01-01 | $216,000 (8.0%) | $321,987 (3.6%) | 0.00 | 193 |
2020-02-01 | $220,000 (6.2%) | $321,593 (2.7%) | 0.00 | 186 |
2020-03-01 | $231,175 (14.4%) | $323,436 (5.4%) | 0.00 | 201 |
2020-04-01 | $224,900 (8.4%) | $308,739 (2.9%) | 0.00 | 193 |
2020-05-01 | $224,900 (5.2%) | $308,558 (3.3%) | 0.00 | 185 |
2020-06-01 | $229,900 (0.4%) | $323,327 (6.1%) | 0.00 | 168 |
2020-07-01 | $239,000 (4.4%) | $331,669 (7.7%) | 0.00 | 144 |
2020-08-01 | $232,250 (-2.0%) | $303,353 (-1.6%) | 0.00 | 141 |
2020-09-01 | $207,200 (-10.9%) | $296,155 (-3.9%) | 0.00 | 137 |
2020-10-01 | $241,000 (6.2%) | $408,997 (32.8%) | 0.00 | 136 |
2020-11-01 | $236,495 (0.4%) | $429,458 (29.9%) | 0.00 | 132 |
2020-12-01 | $225,000 (0.9%) | $456,950 (40.6%) | 0.00 | 106 |
2021-01-01 | $237,990 (10.2%) | $477,988 (48.5%) | 0.00 | 91 |
2021-02-01 | $249,000 (13.2%) | $511,079 (58.9%) | 0.00 | 86 |
2021-03-01 | $247,400 (7.0%) | $555,486 (71.8%) | 0.00 | 75 |
2021-04-01 | $269,245 (19.7%) | $572,563 (85.5%) | 0.00 | 69 |
2021-05-01 | $302,495 (34.5%) | $584,024 (89.3%) | 0.00 | 82 |
2021-06-01 | $301,175 (31.0%) | $591,931 (83.1%) | 0.00 | 91 |
2021-07-01 | $289,900 (21.3%) | $527,060 (58.9%) | 0.00 | 113 |
2021-08-01 | $287,749 (23.9%) | $461,459 (52.1%) | 0.00 | 111 |
2021-09-01 | $299,800 (44.7%) | $476,342 (60.8%) | 0.00 | 111 |
2021-10-01 | $299,900 (24.4%) | $358,503 (-12.4%) | 0.00 | 110 |
2021-11-01 | $286,945 (21.3%) | $373,144 (-13.1%) | 0.00 | 115 |
2021-12-01 | $292,875 (30.2%) | $360,323 (-21.2%) | 0.00 | 110 |
2022-01-01 | $299,000 (25.6%) | $359,368 (-24.8%) | 0.00 | 90 |
2022-02-01 | $293,995 (18.1%) | $336,017 (-34.3%) | 0.00 | 80 |
2022-03-01 | $286,225 (15.7%) | $331,858 (-40.3%) | 0.00 | 100 |
2022-04-01 | $275,000 (2.1%) | $323,218 (-43.6%) | 0.00 | 117 |
2022-05-01 | $292,000 (-3.5%) | $332,929 (-43.0%) | 0.00 | 128 |
2022-06-01 | $283,998 (-5.7%) | $327,337 (-44.7%) | 0.00 | 136 |
2022-07-01 | $285,000 (-1.7%) | $334,334 (-36.6%) | 0.00 | 140 |
2022-08-01 | $274,723 (-4.5%) | $339,991 (-26.3%) | 0.00 | 147 |
2022-09-01 | $278,745 (-7.0%) | $346,733 (-27.2%) | 0.00 | 134 |
2022-10-01 | $283,990 (-5.3%) | $410,293 (14.5%) | 0.00 | 126 |
2022-11-01 | $280,000 (-2.4%) | $365,246 (-2.1%) | 0.00 | 126 |
2022-12-01 | $268,495 (-8.3%) | $339,043 (-5.9%) | 0.00 | 127 |
2023-01-01 | $269,950 (-9.7%) | $362,851 (1.0%) | 0.00 | 118 |
2023-02-01 | $269,743 (-8.3%) | $355,320 (5.7%) | 0.00 | 121 |
2023-03-01 | $290,475 (1.5%) | $351,971 (6.1%) | 0.00 | 115 |
2023-04-01 | $279,000 (1.5%) | $382,358 (18.3%) | 0.00 | 100 |
2023-05-01 | $297,748 (2.0%) | $392,430 (17.9%) | 0.00 | 106 |
2023-06-01 | $277,995 (-2.1%) | $385,615 (17.8%) | 0.00 | 112 |
2023-07-01 | $275,000 (-3.5%) | $357,817 (7.0%) | 0.00 | 120 |
2023-08-01 | $277,500 (1.0%) | $388,181 (14.2%) | 0.00 | 117 |
2023-09-01 | $259,990 (-6.7%) | $335,263 (-3.3%) | 0.00 | 127 |
2023-10-01 | $273,495 (-3.7%) | $353,015 (-14.0%) | 0.00 | 132 |
2023-11-01 | $277,500 (-0.9%) | $348,740 (-4.5%) | 0.00 | 138 |
2023-12-01 | $280,000 (4.3%) | $341,607 (0.8%) | 0.00 | 136 |
2024-01-01 | $282,250 (4.6%) | $344,883 (-5.0%) | 0.00 | 124 |
2024-02-01 | $291,473 (8.1%) | $349,938 (-1.5%) | 0.00 | 119 |
2024-03-01 | $284,950 (-1.9%) | $356,043 (1.2%) | 0.00 | 124 |
2024-04-01 | $298,295 (6.9%) | $383,864 (0.4%) | 0.00 | 119 |
2024-05-01 | $299,495 (0.6%) | $396,641 (1.1%) | 0.00 | 133 |
2024-06-01 | $299,990 (7.9%) | $412,339 (6.9%) | 0.00 | 144 |
2024-07-01 | $306,000 (11.3%) | $386,714 (8.1%) | 0.00 | 144 |
2024-08-01 | $309,000 (11.4%) | $367,450 (-5.3%) | 0.00 | 136 |
2024-09-01 | $309,495 (19.0%) | $362,375 (8.1%) | 0.00 | 150 |
2024-10-01 | $304,473 (11.3%) | $365,586 (3.6%) | 0.00 | 158 |
Cambridge's median listing price comes in at 0% of the national average.
Cambridge's average listing price for 2024-10-01 was $365,586, a difference of $12,571 (3.6%) versus the prior year and $3,211 versus the prior month.
For the 2024-10-01 period, Cambridge had 158 MLS listings, a difference of 8 listings (5%) versus the prior month and 26 listings (20%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cambridge (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,705 sqft |
2018-02-01 | 0 days | 1,685 sqft |
2018-03-01 | 0 days | 1,705 sqft |
2018-04-01 | 0 days | 1,725 sqft |
2018-05-01 | 0 days | 1,712 sqft |
2018-06-01 | 0 days | 1,695 sqft |
2018-07-01 | 0 days | 1,696 sqft |
2018-08-01 | 0 days | 1,677 sqft |
2018-09-01 | 0 days | 1,680 sqft |
2018-10-01 | 0 days | 1,762 sqft |
2018-11-01 | 0 days | 1,757 sqft |
2018-12-01 | 0 days | 1,792 sqft |
2019-01-01 | 0 days | 1,736 sqft |
2019-02-01 | 0 days | 1,744 sqft |
2019-03-01 | 0 days | 1,725 sqft |
2019-04-01 | 0 days | 1,715 sqft |
2019-05-01 | 0 days | 1,680 sqft |
2019-06-01 | 0 days | 1,713 sqft |
2019-07-01 | 0 days | 1,709 sqft |
2019-08-01 | 0 days | 1,728 sqft |
2019-09-01 | 0 days | 1,733 sqft |
2019-10-01 | 0 days | 1,732 sqft |
2019-11-01 | 0 days | 1,762 sqft |
2019-12-01 | 0 days | 1,718 sqft |
2020-01-01 | 0 days | 1,708 sqft |
2020-02-01 | 0 days | 1,720 sqft |
2020-03-01 | 0 days | 1,782 sqft |
2020-04-01 | 0 days | 1,739 sqft |
2020-05-01 | 0 days | 1,739 sqft |
2020-06-01 | 0 days | 1,734 sqft |
2020-07-01 | 0 days | 1,751 sqft |
2020-08-01 | 0 days | 1,720 sqft |
2020-09-01 | 0 days | 1,675 sqft |
2020-10-01 | 0 days | 1,743 sqft |
2020-11-01 | 0 days | 1,700 sqft |
2020-12-01 | 0 days | 1,658 sqft |
2021-01-01 | 0 days | 1,720 sqft |
2021-02-01 | 0 days | 1,740 sqft |
2021-03-01 | 0 days | 1,721 sqft |
2021-04-01 | 0 days | 1,638 sqft |
2021-05-01 | 0 days | 1,812 sqft |
2021-06-01 | 0 days | 1,724 sqft |
2021-07-01 | 0 days | 1,724 sqft |
2021-08-01 | 0 days | 1,679 sqft |
2021-09-01 | 0 days | 1,638 sqft |
2021-10-01 | 0 days | 1,639 sqft |
2021-11-01 | 0 days | 1,609 sqft |
2021-12-01 | 0 days | 1,643 sqft |
2022-01-01 | 0 days | 1,654 sqft |
2022-02-01 | 0 days | 1,564 sqft |
2022-03-01 | 0 days | 1,556 sqft |
2022-04-01 | 0 days | 1,596 sqft |
2022-05-01 | 0 days | 1,579 sqft |
2022-06-01 | 0 days | 1,586 sqft |
2022-07-01 | 0 days | 1,664 sqft |
2022-08-01 | 0 days | 1,603 sqft |
2022-09-01 | 0 days | 1,586 sqft |
2022-10-01 | 0 days | 1,596 sqft |
2022-11-01 | 0 days | 1,674 sqft |
2022-12-01 | 0 days | 1,676 sqft |
2023-01-01 | 0 days | 1,720 sqft |
2023-02-01 | 0 days | 1,567 sqft |
2023-03-01 | 0 days | 1,592 sqft |
2023-04-01 | 0 days | 1,560 sqft |
2023-05-01 | 0 days | 1,619 sqft |
2023-06-01 | 0 days | 1,682 sqft |
2023-07-01 | 0 days | 1,578 sqft |
2023-08-01 | 0 days | 1,565 sqft |
2023-09-01 | 0 days | 1,530 sqft |
2023-10-01 | 0 days | 1,576 sqft |
2023-11-01 | 0 days | 1,574 sqft |
2023-12-01 | 0 days | 1,568 sqft |
2024-01-01 | 0 days | 1,539 sqft |
2024-02-01 | 0 days | 1,537 sqft |
2024-03-01 | 0 days | 1,508 sqft |
2024-04-01 | 0 days | 1,562 sqft |
2024-05-01 | 0 days | 1,584 sqft |
2024-06-01 | 0 days | 1,648 sqft |
2024-07-01 | 0 days | 1,696 sqft |
2024-08-01 | 0 days | 1,684 sqft |
2024-09-01 | 0 days | 1,667 sqft |
2024-10-01 | 0 days | 1,666 sqft |
Cambridge's median square footage for active listings during the 2024-10-01 period was 1,666 sqft. One year prior, the average listing was 1,576 sqft.
Cambridge, MD Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 503 | $130,355,000 | $259,155 |
Cash Out Refi | 71 | $11,765,000 | $165,704 |
Other | 47 | $5,435,000 | $115,638 |
Home Improvement | 40 | $2,970,000 | $74,250 |
Refi | 36 | $6,560,000 | $182,222 |
Cambridge's most frequently cited loan purpose was Home Purchase, with 503 originations. The 2nd most popular reason was Cash Out Refi, with 71 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 290 | $73,080,000 | $252,000 |
7-8% | 141 | $33,905,000 | $240,461 |
5-6% | 111 | $28,085,000 | $253,018 |
Over 8% | 98 | $10,010,000 | $102,143 |
4-5% | 11 | $3,045,000 | $276,818 |
<2.5% | 8 | $70,000 | $8,750 |
3-4% | 1 | $255,000 | $255,000 |
During 2023, Cambridge's most frequently originated rate bucket was 6-7%, with 290 originations.
Loan Sizing (Cambridge, MD MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 346 | $95,780,000 | $276,821 |
$100k-200k | 176 | $26,970,000 | $153,239 |
$100,000 or less | 130 | $7,060,000 | $54,308 |
$400k-600k | 32 | $15,010,000 | $469,063 |
$600k-1000k | 8 | $6,300,000 | $787,500 |
$Over $1MM | 5 | $5,965,000 | $1,193,000 |
Cambridge's loan sizing saw the bucket of loans from $200k-400k with 346 originations, totaling $95,780,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 361 | $96,205,000 | $266,496 |
60-80% | 112 | $26,940,000 | $240,536 |
Under 20% | 66 | $2,880,000 | $43,636 |
20-40% | 61 | $7,355,000 | $120,574 |
40-60% | 40 | $9,210,000 | $230,250 |
Over 100% | 16 | $5,150,000 | $321,875 |
Cambridge's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 361 originations, totaling $96,205,000 in origination value.