Compare Today’s Mortgage Rates for Salisbury, Maryland
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Salisbury, Maryland 21804. 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 $18,263 or $51 / month in Salisbury and surrounding areas of Wicomico 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 Salisbury, Maryland 21804.
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Summary of Average Mortgage Terms in Salisbury, Maryland 21804
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Interactive Mortgage Rate Projections for Salisbury, MD
To forecast and predict mortgage rates in Salisbury, MD 21804, 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 Salisbury, Maryland 21804 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Salisbury, Maryland and around Wicomico 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 Salisbury, Maryland 21804
If you’re looking to buy a new home in Salisbury, we have compiled a list of the leading mortgage brokers around Salisbury, Maryland 21804 to help you with your search.
Name
Address
Contact
Mortgage Helpers.Net
327 Tilghman Rd
Salisbury MD 21804
(410) 742-4289
http://www.mortgagehelpers.net/
Traco Associates
327 Tilghman Rd
Salisbury MD 21804
(410) 742-2253
http://www.tracomortgage.com/
Fnmc-The Mortgage Company
900 E Main St
Salisbury MD 21804
(410) 546-6020
Prospect Mortgage
600 E Main St
Salisbury MD 21804
(443) 736-3085
Oceanside Underwriters
2801 Old Ocean City Rd
Salisbury MD 21804
(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