Maryland Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Maryland averaged
6.36%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.06% and
one month ago for the week of 2024-09-05, the
average rate was 6.39%.
Maryland's average rate one year ago was 7.23%.
For refis of the same type during the week of 2024-10-10, the average rate
was 7%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
| Maryland 30 Year Fixed Rate | 2024-10-10 | 6.36% |
| Maryland 30 Year Fixed Rate Refi | 2024-10-10 | 7% |
| Maryland 15 Year Fixed Rate | 2024-10-10 | 5.63% |
| Maryland 15 Year Fixed Rate Refi | 2024-10-10 | 5.44% |
| Maryland 30 Year FHA | 2024-10-10 | 5.76% |
| Maryland 30 Year FHA Refi | 2024-10-10 | 5.58% |
| Maryland 30 Year USDA | 2024-10-10 | 5.93% |
| Maryland 30 Year USDA Refi | 2024-10-10 | 6.28% |
| Maryland 30 Year VA | 2024-10-10 | 5.72% |
| Maryland 30 Year VA Refi | 2024-10-10 | 5.08% |
Maryland 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 Maryland 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.).
Maryland Average Closing Costs & Other Stats
Maryland's 456 lenders originated 102,277
loans during 2023. The total origination value was $34,784,425,000, with an average loan value of
$340,100.
Maryland's average closing costs are $6,594.
The top Maryland lender as defined by loan originations is QUICKEN LOANS, LLC, with
2,738 loans originated. Their average total fees are
$7,641, which is $2,047
lower than the next largest lender,
FIRST HOME MORTGAGE CORPORATION.
The lowest fee Maryland lenders (with over 10 loans originated) are
CHERRY CREEK MORTGAGE, LLC ($501), PULTE MORTGAGE LLC ($1,856), HOMEAMERICAN MORTGAGE CORPORATION ($2,244), PREMIA MORTGAGE, LLC ($2,514) and NATIONAL COOPERATIVE BANK, N.A. ($2,727).
The lowest rate Maryland lenders (with over 10 loans originated) are
DIGITAL Federal Credit Union (5.28%), IDB Global Federal Credit Union (5.35%), Raymond James Bank (5.46%), COMMONWEALTH ONE FEDERAL CREDIT UNION (5.50%) and FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION (5.51%).
Maryland 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $2,959,250,000 | $1,622,870,000 | -45.2% | 4.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,842,725,000 | $1,384,455,000 | -24.9% | 4.0% |
| FIRST HOME MORTGAGE CORPORATION | $1,920,595,000 | $1,348,195,000 | -29.8% | 3.9% |
| NVR Mortgage Finance, Inc. | $1,184,610,000 | $972,230,000 | -17.9% | 2.8% |
| Truist | $1,694,210,000 | $960,835,000 | -43.3% | 2.8% |
| NAVY FEDERAL CREDIT UNION | $1,193,025,000 | $875,275,000 | -26.6% | 2.5% |
| NFM, INC. | $871,215,000 | $662,950,000 | -23.9% | 1.9% |
| Bank of America | $990,025,000 | $551,720,000 | -44.3% | 1.6% |
| PNC Bank | $894,875,000 | $548,995,000 | -38.7% | 1.6% |
| Prosperity Home Mortgage, LLC | $815,920,000 | $530,505,000 | -35.0% | 1.5% |
| Towne Bank | $730,045,000 | $521,375,000 | -28.6% | 1.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $660,870,000 | $454,000,000 | -31.3% | 1.3% |
| Barings Multifamily Capital | $452,610,000 | n/a | 1.3% | |
| First National Bank of Pennsylvania | $490,720,000 | $442,735,000 | -9.8% | 1.3% |
| Arbor Realty Trust, Inc. | $444,020,000 | $440,915,000 | -0.7% | 1.3% |
| Wells Fargo Bank | $1,161,605,000 | $430,105,000 | -63.0% | 1.2% |
| WALKER & DUNLOP, LLC | $379,710,000 | $418,150,000 | 10.1% | 1.2% |
| EAGLE HOME MORTGAGE, LLC | $407,050,000 | $413,295,000 | 1.5% | 1.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $714,240,000 | $411,315,000 | -42.4% | 1.2% |
| M&T Bank | $584,595,000 | $392,885,000 | -32.8% | 1.1% |
| EMBRACE HOME LOANS, INC. | $539,950,000 | $377,110,000 | -30.2% | 1.1% |
| Mortgage Research Center, LLC | $516,400,000 | $375,700,000 | -27.2% | 1.1% |
| George Mason Mortgage, LLC | $649,715,000 | $371,385,000 | -42.8% | 1.1% |
| JPMorgan Chase Bank | $489,285,000 | $369,925,000 | -24.4% | 1.1% |
| Sandy Spring Bank | $691,745,000 | $365,920,000 | -47.1% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $834,110,000 | $364,205,000 | -56.3% | 1.0% |
| MOVEMENT MORTGAGE, LLC | $325,235,000 | $354,170,000 | 8.9% | 1.0% |
| STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED | $757,805,000 | $334,415,000 | -55.9% | 1.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $373,425,000 | $319,540,000 | -14.4% | 0.9% |
| NEWREZ LLC | $290,620,000 | $310,130,000 | 6.7% | 0.9% |
| CMG MORTGAGE, INC. | $153,990,000 | $302,730,000 | 96.6% | 0.9% |
| Shore United Bank | $333,510,000 | $295,400,000 | -11.4% | 0.8% |
| Meridian Bank Corporation | $469,555,000 | $273,550,000 | -41.7% | 0.8% |
| GUARANTEED RATE, INC. | $449,195,000 | $272,450,000 | -39.3% | 0.8% |
| PGIM Real Estate Finance, LLC | $85,005,000 | $263,030,000 | 209.4% | 0.8% |
| Fulton Bank | $379,255,000 | $262,675,000 | -30.7% | 0.8% |
| First Heritage Mortgage, LLC | $370,080,000 | $254,975,000 | -31.1% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $626,220,000 | $249,995,000 | -60.1% | 0.7% |
| DHI MORTGAGE COMPANY, LTD. | $215,975,000 | $245,780,000 | 13.8% | 0.7% |
| Citibank | $269,075,000 | $239,560,000 | -11.0% | 0.7% |
| LOANDEPOT.COM, LLC | $817,500,000 | $235,210,000 | -71.2% | 0.7% |
| BAY CAPITAL MORTGAGE CORPORATION | $375,300,000 | $234,180,000 | -37.6% | 0.7% |
| FIRST SAVINGS MORTGAGE CORPORATION | $363,320,000 | $231,405,000 | -36.3% | 0.7% |
| BAY EQUITY LLC | $129,770,000 | $228,825,000 | 76.3% | 0.7% |
| Citizens Bank | $364,365,000 | $220,870,000 | -39.4% | 0.6% |
| WesBanco | $345,215,000 | $219,965,000 | -36.3% | 0.6% |
| HOMESPIRE MORTGAGE CORPORATION | $575,260,000 | $219,705,000 | -61.8% | 0.6% |
| TD Bank | $278,980,000 | $218,900,000 | -21.5% | 0.6% |
| CALIBER HOME LOANS, INC. | $865,035,000 | $210,635,000 | -75.7% | 0.6% |
| Presidential Bank, FSB | $279,725,000 | $205,330,000 | -26.6% | 0.6% |
| TOWER | $404,550,000 | $203,945,000 | -49.6% | 0.6% |
| ORIX REAL ESTATE CAPITAL, LLC | $16,630,000 | $202,230,000 | 1,116.1% | 0.6% |
| DRAPER AND KRAMER MORTGAGE CORP. | $406,195,000 | $201,345,000 | -50.4% | 0.6% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $316,320,000 | $198,815,000 | -37.1% | 0.6% |
| GUARANTEED RATE AFFINITY, LLC | $287,190,000 | $194,000,000 | -32.4% | 0.6% |
| PENTAGON FEDERAL CREDIT UNION | $342,250,000 | $191,385,000 | -44.1% | 0.6% |
| Vellum Mortgage, Inc. | $176,910,000 | $187,530,000 | 6.0% | 0.5% |
| Atlantic Coast Mortgage, LLC | $194,710,000 | $174,910,000 | -10.2% | 0.5% |
| RCN Capital, LLC | $51,640,000 | $174,360,000 | 237.6% | 0.5% |
| CBRE MULTIFAMILY CAPITAL, INC. | $166,385,000 | $166,360,000 | 0.0% | 0.5% |
| U.S. Bank | $309,040,000 | $159,685,000 | -48.3% | 0.5% |
| Morgan Stanley Private Bank | $199,415,000 | $155,350,000 | -22.1% | 0.4% |
| HOMESIDE FINANCIAL, LLC | $269,525,000 | $152,560,000 | -43.4% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $549,180,000 | $152,315,000 | -72.3% | 0.4% |
| BERKADIA COMMERCIAL MORTGAGE LLC | $733,550,000 | $151,780,000 | -79.3% | 0.4% |
| GREYSTONE SERVICING COMPANY LLC | $739,115,000 | $147,390,000 | -80.1% | 0.4% |
| DIRECT MORTGAGE LOANS, LLC | $198,960,000 | $147,130,000 | -26.1% | 0.4% |
| Plains Commerce Bank | $218,845,000 | $140,865,000 | -35.6% | 0.4% |
| BERKELEY POINT CAPITAL LLC | $257,695,000 | $134,815,000 | -47.7% | 0.4% |
| INTERCOASTAL MORTGAGE COMPANY | $220,265,000 | $132,090,000 | -40.0% | 0.4% |
| FIDELITY DIRECT MORTGAGE, LLC | $129,425,000 | $127,205,000 | -1.7% | 0.4% |
| GUILD MORTGAGE COMPANY | $132,280,000 | $125,775,000 | -4.9% | 0.4% |
| M&T Realty Capital Corporation | $55,840,000 | $124,730,000 | 123.4% | 0.4% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $177,385,000 | $119,110,000 | -32.9% | 0.3% |
| ABERDEEN PROVING GROUND FEDERAL CREDIT UNION | $130,420,000 | $118,235,000 | -9.3% | 0.3% |
| SWBC MORTGAGE CORPORATION | $140,935,000 | $114,075,000 | -19.1% | 0.3% |
| The Federal Savings Bank | $141,415,000 | $107,160,000 | -24.2% | 0.3% |
| Ameris Bank | $135,470,000 | $105,500,000 | -22.1% | 0.3% |
| CHURCHILL MORTGAGE CORPORATION | $56,940,000 | $104,995,000 | 84.4% | 0.3% |
| Bank-Fund Staff Federal Credit Union | $228,705,000 | $103,290,000 | -54.8% | 0.3% |
| CARDINAL FINANCIAL | $228,450,000 | $103,065,000 | -54.9% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $173,685,000 | $102,315,000 | -41.1% | 0.3% |
| ACADEMY MORTGAGE CORPORATION | $271,935,000 | $99,125,000 | -63.5% | 0.3% |
| OCMBC, INC. | $57,265,000 | $97,115,000 | 69.6% | 0.3% |
| THE MORTGAGE LINK, INC. | $117,705,000 | $96,485,000 | -18.0% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $46,170,000 | $93,810,000 | 103.2% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $92,730,000 | n/a | 0.3% | |
| United Nations Federal Credit Union | $100,105,000 | $87,005,000 | -13.1% | 0.3% |
| BROKER SOLUTIONS, INC. | $191,670,000 | $85,725,000 | -55.3% | 0.2% |
| The Northwestern Mutual Life Insurance Company | $82,005,000 | $85,005,000 | 3.7% | 0.2% |
| UNION HOME MORTGAGE CORP. | $98,965,000 | $83,310,000 | -15.8% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $302,940,000 | $82,125,000 | -72.9% | 0.2% |
| Carrington Mortgage Services, LLC | $147,390,000 | $81,940,000 | -44.4% | 0.2% |
| First National Bank of America | $84,560,000 | $81,640,000 | -3.5% | 0.2% |
| USAA Federal Savings Bank | $132,450,000 | $81,095,000 | -38.8% | 0.2% |
| FIRST FINANCIAL OF MARYLAND | $114,230,000 | $75,680,000 | -33.7% | 0.2% |
| PULTE MORTGAGE LLC | $71,430,000 | $75,475,000 | 5.7% | 0.2% |
| American Mortgage & Equity Consultants, Inc. | $4,560,000 | $73,275,000 | 1,506.9% | 0.2% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $187,935,000 | $72,495,000 | -61.4% | 0.2% |
| Flagstar Bank, FSB | $243,750,000 | $71,815,000 | -70.5% | 0.2% |
| DOMINION FINANCIAL SERVICES, LLC | $144,120,000 | $71,440,000 | -50.4% | 0.2% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $77,040,000 | $71,205,000 | -7.6% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $41,580,000 | $70,810,000 | 70.3% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $87,995,000 | $70,040,000 | -20.4% | 0.2% |
| ENVOY MORTGAGE, LTD | $71,800,000 | $68,000,000 | -5.3% | 0.2% |
| Merchants Bank of Indiana | $39,800,000 | $66,980,000 | 68.3% | 0.2% |
| Sierra Pacific Mortgage Company, Inc. | $147,545,000 | $66,970,000 | -54.6% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $78,965,000 | $66,490,000 | -15.8% | 0.2% |
| Waterstone Mortgage Corporation | $95,390,000 | $64,190,000 | -32.7% | 0.2% |