Compare Today’s Mortgage Rates for Chesapeake City, Maryland
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Chesapeake City, Maryland 21915. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $70,610 or $196 / month in Chesapeake City and surrounding areas of Cecil county.
Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Chesapeake City, Maryland 21915.
Summary of Average Mortgage Terms in Chesapeake City, Maryland 21915
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Interactive Mortgage Rate Projections for Chesapeake City, MD
To forecast and predict mortgage rates in Chesapeake City, MD 21915, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.
Historical Mortgage Rates for Chesapeake City, Maryland 21915 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Chesapeake City, Maryland and around Cecil county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 92.45% | 91.31% | 91.42% | 91.52% | 92.13% | 91.23% | 93.13% | 92.07% |
| avg mortgage rate | 4.97% | 4.68% | 3.90% | 3.96% | 4.44% | 4.12% | 3.92% | 4.10% |
| % 15 year fixed mortgage | 5.87% | 6.42% | 6.80% | 7.32% | 6.65% | 7.56% | 5.51% | 6.60% |
| avg mortgage rate | 4.28% | 3.93% | 3.16% | 3.11% | 3.42% | 3.20% | 3.13% | 3.26% |
| Avg credit score | 762.41 | 763.47 | 762.30 | 760.29 | 757.19 | 757.03 | 756.40 | 756.75 |
| Avg LTV (loan to value) | 74.14% | 75.94% | 77.55% | 77.96% | 78.61% | 79.49% | 79.23% | 78.50% |
| Avg DTI (debt to income) | 33.94 | 33.36 | 32.46 | 33.31 | 34.09 | 34.62 | 34.63 | 35.69 |
| % First time homebuyer | 46.16% | 44.36% | 44.01% | 48.60% | 48.27% | 51.41% | 47.46% | 45.87% |
| Avg mortgage insurance % | 3.28% | 5.30% | 7.07% | 8.03% | 9.11% | 10.25% | 9.73% | 9.43% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Chesapeake City, Maryland 21915
If you’re looking to buy a new home in Chesapeake City, we have compiled a list of the leading mortgage brokers around Chesapeake City, Maryland 21915 to help you with your search.
Universal Mortgage And Finance
2525 Augustine Herman Hwy
Chesapeake City MD 21915
(410) 885-7008
Annie Mac Home Mortgage
2525 Augustine Herman Hwy
Chesapeake City MD 21915
(410) 441-3142
tmills@annie-mac.com
PrimeLending, A PlainsCapital Company
801 E Pulaski Hwy
Elkton MD 21915
(210) 441-3490
http://lo.primelending.com/elkton
Wells Fargo Home Mortgage
116 E Pulaski Hwy
Elkton MD 21915
(410) 392-4878
http://www.wellsfargo.com/mortgage/
Wells Fargo Home Mortgage
206 South St
Elkton MD 21915
(410) 398-1493
robert.maund@abbotdowning.com
Address
2525 Augustine Herman Hwy
Chesapeake City MD
Contact
(410) 885-7008
Address
2525 Augustine Herman Hwy
Chesapeake City MD
Contact
(410) 441-3142
tmills@annie-mac.com
Address
801 E Pulaski Hwy
Elkton MD
Contact
(210) 441-3490
http://lo.primelending.com/elkton