Compare Today’s Mortgage Rates for Ocean City, Maryland

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Ocean City, Maryland 21842. 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 $22,209 or $62 / month in Ocean City and surrounding areas of Worcester 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 Ocean City, Maryland 21842.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

38.379248 -75.081011

Summary of Average Mortgage Terms in Ocean City, Maryland 21842

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Ocean City, MD

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Ocean City, MD 21842, 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 Ocean City, MD

Historical Mortgage Rates for Ocean City, Maryland 21842 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Ocean City, 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 Ocean City, Maryland 21842

If you’re looking to buy a new home in Ocean City, we have compiled a list of the leading mortgage brokers around Ocean City, Maryland 21842 to help you with your search.

Name
Address
Contact

Cash Plus of Ocean City

4435 Coastal Hwy

Ocean City MD 21842

(410) 289-2575

Advantage Financial Mtg

12216 Ocean Gtwy

Ocean City MD 21842

(410) 208-3671

Reverse Mortgage Answers

609 Salt Spray Rd

Ocean City MD 21842

(443) 664-5469

BPT

8 N Baltimore Ave

Ocean City MD 21842

(410) 289-1589

Mortgages 4 You

185 Sunshine Ln

Ocean City MD 21842

(410) 250-1060

Address

4435 Coastal Hwy

Ocean City MD

Contact

(410) 289-2575

Address

12216 Ocean Gtwy

Ocean City MD

Contact

(410) 208-3671

Address

609 Salt Spray Rd

Ocean City MD

Contact

(443) 664-5469

News on Mortgages and Reverse Mortgages for Ocean City, Maryland 21842

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