Compare Today’s Mortgage Rates for Royal Oak, Maryland
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Royal Oak, Maryland 21662. 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 $89,700 or $249 / month in Royal Oak and surrounding areas of Talbot 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 Royal Oak, Maryland 21662.
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Summary of Average Mortgage Terms in Royal Oak, Maryland 21662
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Expected Savings
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Interactive Mortgage Rate Projections for Royal Oak, MD
To forecast and predict mortgage rates in Royal Oak, MD 21662, 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 Royal Oak, Maryland 21662 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Royal Oak, Maryland and around Talbot 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 Royal Oak, Maryland 21662
If you’re looking to buy a new home in Royal Oak, we have compiled a list of the leading mortgage brokers around Royal Oak, Maryland 21662 to help you with your search.
Name
Address
Contact
Compass Point Mortgage
202 Saint Claire Pl
Stevensville MD 21662
(410) 643-8188
http://www.compasspointmortgage.com
Tidewater Mortgage Services
415 Thompson Creek Rd
Stevensville MD 21662
(410) 604-0890
Mariner Finance
1423 Dual Hwy
Hagerstown MD 21662
(301) 714-1550
contactus@marinerfinance.com
Equity Commerce
18223 Shawley Dr
Hagerstown MD 21662
(301) 790-3444
notifications@equitycommerce.com
Midatlantic Farm Credit
1260 Maryland Ave
Hagerstown MD 21662
(301) 797-5151
support@mafc.com
Address
202 Saint Claire Pl
Stevensville MD
Contact
(410) 643-8188
http://www.compasspointmortgage.com
Address
415 Thompson Creek Rd
Stevensville MD
Contact
(410) 604-0890
Address
1423 Dual Hwy
Hagerstown MD
Contact
(301) 714-1550
contactus@marinerfinance.com