Compare Today’s Mortgage Rates in Salisbury, Maryland 21801
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Salisbury, Maryland 21801.
Our search engine thoroughly explores all home mortgage options in Salisbury, Maryland 21801, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $13,779 in lifetime cash or $38 per month in Salisbury and other areas of Wicomico county.
38.362996
-75.592238
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Summary of Average Mortgages in Salisbury, Maryland 21801
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Salisbury, Maryland 21801
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Salisbury, MD 21801. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Salisbury, Maryland 21801 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Salisbury, Maryland and around Wicomico county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 99.02% | 93.77% | 94.23% | 92.23% | 92.70% | 88.38% | 88.97% | 90.67% | 86.84% |
| avg mortgage rate | 6.74% | 4.59% | 3.10% | 3.45% | 4.55% | 4.74% | 4.23% | 3.96% | 4.16% |
| % 15 year fixed mortgage | 0.49% | 4.48% | 4.87% | 6.63% | 5.87% | 9.74% | 8.75% | 7.74% | 11.48% |
| avg mortgage rate | 5.25% | 3.62% | 2.43% | 2.90% | 3.74% | 4.03% | 3.36% | 3.06% | 3.31% |
| Avg credit score | 750.82 | 755.50 | 758.47 | 760.01 | 756.77 | 759.60 | 755.56 | 755.85 | 759.96 |
| Avg LTV (loan to value) | 77.64% | 79.53% | 80.10% | 80.87% | 79.20% | 76.93% | 76.74% | 78.32% | 77.51% |
| Avg DTI (debt to income) | 37.34 | 35.86 | 34.60 | 34.07 | 35.46 | 34.98 | 34.17 | 34.26 | 33.78 |
| % First time homebuyer | 25.37% | 21.42% | 13.86% | 16.48% | 20.74% | 13.85% | 19.58% | 18.45% | 16.51% |
| Avg mortgage insurance % | 9.66% | 10.16% | 10.00% | 10.75% | 9.80% | 6.12% | 5.95% | 6.97% | 6.34% |
Best Mortgage Brokers around Salisbury, Maryland 21801
For those searching for a new home in Salisbury, we have compiled a list of the top mortgage brokers located in and around Salisbury, Maryland 21801 to assist you with your search.
Name
Address
Contact
Mortgage Helpers.Net
327 Tilghman Rd
Salisbury MD 21801
(410) 742-4289
http://www.mortgagehelpers.net/
Traco Associates
327 Tilghman Rd
Salisbury MD 21801
(410) 742-2253
http://www.tracomortgage.com/
Fnmc-The Mortgage Company
900 E Main St
Salisbury MD 21801
(410) 546-6020
Prospect Mortgage
600 E Main St
Salisbury MD 21801
(443) 736-3085
Oceanside Underwriters
2801 Old Ocean City Rd
Salisbury MD 21801
(410) 548-4110
jjlo@comcast.net
Address
327 Tilghman Rd
Salisbury MD
Contact
(410) 742-4289
http://www.mortgagehelpers.net/
Address
327 Tilghman Rd
Salisbury MD
Contact
(410) 742-2253
http://www.tracomortgage.com/
Address
900 E Main St
Salisbury MD
Contact
(410) 546-6020