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.
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Summary of Average Mortgage Terms in Newark, Maryland 21841
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Newark, MD
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.
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