Compare Today’s Mortgage Rates for Newark, Maryland

Pureloan searches mortgage lenders and major banks in Newark, Maryland 21841 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $14,865 or $41 / month is expected in Newark and other areas of Worcester county.

Pureloan’s search engine explores all home mortgage options in Newark, Maryland 21841, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

38.248875 -75.289316

Summary of Average Mortgage Terms in Newark, Maryland 21841

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Newark, MD

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Newark, MD 21841, 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.

Local Mortgage Rates for Newark, MD

Historical Mortgage Rates for Newark, Maryland 21841 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Newark, Maryland and around Worcester 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 Newark, Maryland 21841

If you’re looking to buy a new home in Newark, we have compiled a list of the leading mortgage brokers around Newark, Maryland 21841 to help you with your search.

Name
Address
Contact

First Horizon Home Loans

5000 Coastal Hwy

Ocean City MD 21841

(410) 520-2540

Universal Mortgage & Finance

9919 Stephen Decatur Hwy

Ocean City MD 21841

(410) 213-8850

Peninsula Bank Worcester County Offices Ocean City

12910 Coastal Hwy

Ocean City MD 21841

Academy Mortgage

9748 Stephen Decatur Hwy

Ocean City MD 21841

(410) 213-9215

First Home Mortgage

6200 Coastal Hwy

Ocean City MD 21841

(443) 664-2446

eshort@gofirsthome.com

Address

5000 Coastal Hwy

Ocean City MD

Contact

(410) 520-2540

Address

9919 Stephen Decatur Hwy

Ocean City MD

Contact

(410) 213-8850

Address

12910 Coastal Hwy

Ocean City MD

Contact

News on Mortgages and Reverse Mortgages for Newark, Maryland 21841