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.
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Summary of Average Mortgage Terms in Ocean City, Maryland 21842
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Expected Savings
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Interactive Mortgage Rate Projections for Ocean City, MD
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.
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