Compare Today’s Mortgage Rates in Broomes Island, Maryland 20615

Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Broomes Island, Maryland 20615.

After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $28,473 over the lifetime of your 30-year fixed loan, or a monthly savings of $79 in Broomes Island and other areas of Calvert county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

38.417963 -76.547763 8111

Summary of Average Mortgages in Broomes Island, Maryland 20615

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Broomes Island, Maryland 20615

Source: Fannie Mae and Freddie Mac


Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Broomes Island, MD 20615. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.

Local Mortgage Rates in Broomes Island, Maryland 20615

Broomes Island is a small waterfront community and census-designated place located at the southern terminus of MD 264 in Calvert County, Maryland, United States, on the Patuxent River. It is located approximately 10 miles south of Prince Frederick, the county seat. As of 2019 Census estimates, the population of the CDP was 421. Read more

Broomes Island is a small waterfront community and census-designated place located at the southern terminus of MD 264 in Calvert County, Maryland, United States, on the Patuxent River. It is located approximately 10 miles south of Prince Frederick, the county seat. As of 2019 Census estimates, the population of the CDP was 421.Although Broomes Island is a rather small community, it does have its own post office and zip code, 20615. In November 2007, the United States Postal Service considered closing the small post office and re-routing all mail delivery through the larger St. Leonard post office branch. After residents contacted US Senator Barbara Mikulski about the proposed closure, the postal service decided against closing the post office.Broomes Island is located near the mouth of St. Leonard Creek, the largest tributary of the Patuxent River entirely inside Calvert County. It is in the vicinity of Broomes Island that several key naval battles were fought during the War of 1812.

During the early and mid-20th century, Broomes Island had a substantial oyster canning industry. In recent years most residents of Broomes Island commute to other places for work.

Each May, former Maryland State Senator Bernie Fowler has held a "wade-in" at Broomes Island, where he and others would walk into the waters of the Patuxent River until their feet were no longer visible. This was held on the property of Mr. Donald Rogers with his permission. Fowler started the annual tradition to bring awareness to the water clarity levels of the Patuxent. In recent years, the "wade-in" has become a noteworthy public event, with numerous public officials joining Fowler in the walk, including Maryland Governors Martin O'Malley and Robert Ehrlich and U.S Senator Barbara Mikulski. It no longer takes place at this location.

In 2003, Hurricane Isabel caused moderate damage to numerous structures in Broomes Island. Most notably, the last remains of the considerable Broomes Island oyster industry - a large red oyster shucking barn - succumbed. The site of the oyster shucking barn is now part of the local Stoney's sea food restaurant. The site is now a venue for weddings and other functions. Read less

Historical Mortgage Rates in Broomes Island, Maryland 20615 from 2024 - 2016

We have compiled mortgage rates charts for home loans in Broomes Island, Maryland and around Calvert county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.

2024 2023 2022 2021 2020 2019 2018 2017 2016
% 30 year fixed mortgage 93.63% 94.70% 94.07% 94.31% 93.34% 93.67% 93.34% 93.98%
avg mortgage rate 4.10% 3.87% 4.07% 4.44% 3.95% 3.86% 4.62% 4.87%
% 15 year fixed mortgage 5.48% 4.52% 4.91% 4.97% 6.05% 5.48% 5.30% 4.92%
avg mortgage rate 3.19% 3.06% 3.24% 3.45% 3.11% 3.20% 3.95% 4.36%
Avg credit score 767.42 760.52 758.77 758.08 760.39 765.38 766.84 766.33
Avg LTV (loan to value) 81.07% 81.27% 79.99% 79.51% 80.17% 78.84% 76.40% 75.39%
Avg DTI (debt to income) 35.77 35.78 35.91 35.23 34.44 33.32 33.68 33.30
% First time homebuyer 38.96% 37.49% 41.58% 41.05% 39.29% 32.58% 30.79% 33.03%
Avg mortgage insurance % 11.82% 11.96% 10.35% 9.45% 9.83% 8.03% 5.15% 3.95%

Source: Financial Report of the US Government

Best Mortgage Brokers around Broomes Island, Maryland 20615

For those searching for a new home in Broomes Island, we have compiled a list of the top mortgage brokers located in and around Broomes Island, Maryland 20615 to assist you with your search.

Name
Address
Contact

Wells Fargo Home Mortgage

22776 Three Notch Rd

Lexington Park MD 20615

(301) 737-5320

http://www.wellsfargo.com/mortgage/

Irene B Parrish Realty

22188 Three Notch Rd

Lexington Park MD 20615

(301) 863-7002

perry@mris.com

Chesapeake Investment & Mtg

22043 Three Notch Rd

Lexington Park MD 20615

(301) 737-6258

Ameribanc

21945 Three Notch Rd

Lexington Park MD 20615

(301) 862-3500

Challenge Mortgage

22340 Three Notch Rd

Lexington Park MD 20615

(301) 863-5057

Address

22776 Three Notch Rd

Lexington Park MD

Contact

(301) 737-5320

http://www.wellsfargo.com/mortgage/

Address

22188 Three Notch Rd

Lexington Park MD

Contact

(301) 863-7002

perry@mris.com

Address

22043 Three Notch Rd

Lexington Park MD

Contact

(301) 737-6258

News on Mortgages and Reverse Mortgages for Broomes Island, Maryland 20615