Compare Today’s Mortgage Rates for Elkton, Maryland
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Elkton, Maryland 21921. 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 $18,066 or $50 / month in Elkton 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 Elkton, Maryland 21921.
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Summary of Average Mortgage Terms in Elkton, Maryland 21921
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Interactive Mortgage Rate Projections for Elkton, MD
To forecast and predict mortgage rates in Elkton, MD 21921, 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 Elkton, Maryland 21921 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Elkton, 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 Elkton, Maryland 21921
If you’re looking to buy a new home in Elkton, we have compiled a list of the leading mortgage brokers around Elkton, Maryland 21921 to help you with your search.
Name
Address
Contact
Louviers Mortgage Corporation
37 Mule Deer Ct
Elkton MD 21921
(410) 620-9046
Fulton Mortgage Company
130 North St
Elkton MD 21921
(410) 996-2265
MTG Services
107 Chesapeake Blvd
Elkton MD 21921
(410) 392-5031
Davis, William - Mortgage Network
205 E Main St
Elkton MD 21921
(410) 398-5607
http://mortgagenetwork.com/
MTG Services
111 E Main St
Elkton MD 21921
(410) 392-5046
Address
37 Mule Deer Ct
Elkton MD
Contact
(410) 620-9046
Address
130 North St
Elkton MD
Contact
(410) 996-2265
Address
107 Chesapeake Blvd
Elkton MD
Contact
(410) 392-5031