Compare Today’s Mortgage Rates for Savage, Maryland
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Savage, Maryland 20763. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $33,753 or $94 / month in Savage and other areas of Howard county.
Our search engine explores all home mortgage options in Savage, Maryland 20763, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Savage, Maryland 20763
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Expected Savings
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Interactive Mortgage Rate Projections for Savage, MD
To forecast and predict mortgage rates in Savage, MD 20763, 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 Savage, Maryland 20763 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Savage, Maryland and around Howard 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 | 93.98% | 93.34% | 93.67% | 93.34% | 94.31% | 94.07% | 94.70% | 93.63% |
| avg mortgage rate | 4.87% | 4.62% | 3.86% | 3.95% | 4.44% | 4.07% | 3.87% | 4.10% |
| % 15 year fixed mortgage | 4.92% | 5.30% | 5.48% | 6.05% | 4.97% | 4.91% | 4.52% | 5.48% |
| avg mortgage rate | 4.36% | 3.95% | 3.20% | 3.11% | 3.45% | 3.24% | 3.06% | 3.19% |
| Avg credit score | 766.33 | 766.84 | 765.38 | 760.39 | 758.08 | 758.77 | 760.52 | 767.42 |
| Avg LTV (loan to value) | 75.39% | 76.40% | 78.84% | 80.17% | 79.51% | 79.99% | 81.27% | 81.07% |
| Avg DTI (debt to income) | 33.30 | 33.68 | 33.32 | 34.44 | 35.23 | 35.91 | 35.78 | 35.77 |
| % First time homebuyer | 33.03% | 30.79% | 32.58% | 39.29% | 41.05% | 41.58% | 37.49% | 38.96% |
| Avg mortgage insurance % | 3.95% | 5.15% | 8.03% | 9.83% | 9.45% | 10.35% | 11.96% | 11.82% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Savage, Maryland 20763
If you’re looking to buy a new home in Savage, we have compiled a list of the leading mortgage brokers around Savage, Maryland 20763 to help you with your search.
Name
Address
Contact
Emergency Mortgage Service
12401 Ransom Dr
Glenn Dale MD 20763
(301) 860-1660
First Home Mortgage
11210 Petworth Ln
Glenn Dale MD 20763
(301) 262-9300
http://firsthomemtg.com
Growthfield Finance Service
11303 Glen Dale Forest Rd
Glenn Dale MD 20763
(240) 425-7465
Homefirst Mortgage
4801 Riverside Dr
Galesville MD 20763
(410) 263-8676
Rates And Points
5 N Frederick Ave
Gaithersburg MD 20763
(301) 258-1000
Address
12401 Ransom Dr
Glenn Dale MD
Contact
(301) 860-1660
Address
11210 Petworth Ln
Glenn Dale MD
Contact
(301) 262-9300
http://firsthomemtg.com
Address
11303 Glen Dale Forest Rd
Glenn Dale MD
Contact
(240) 425-7465