Question 1

What are current mortgage rates in Maryland?

Accepted Answer

As of March 2026, mortgage rates in Maryland are in line with national averages. The 30-year fixed rate ranges from 6.5% to 7.2%, the 15-year fixed from 5.9% to 6.5%, and the 5/1 ARM from 5.8% to 6.4% for borrowers with good credit (700+). The best rates (starting at 6.5% for 30-year fixed) are available to borrowers with 750+ credit scores and 20%+ down payments.

Question 2

What is the Maryland housing market like?

Accepted Answer

Maryland's housing market is heavily influenced by the Washington D.C. metro, with Montgomery County and Howard County among the most expensive suburban markets on the East Coast. Baltimore offers a distinct, more affordable market with strong investment demand in its harbor neighborhoods. State transfer taxes and high property taxes add to closing costs.

Question 3

How do I get the best mortgage rate in Maryland?

Accepted Answer

To get the best mortgage rate in Maryland, compare quotes from at least 3–5 lenders including local banks, credit unions, and online lenders. A credit score of 750 or higher, a down payment of 20% or more, and a low debt-to-income ratio will qualify you for the lowest rates. Use our Loan Finder tool to identify which loan type best fits your situation.

Mortgage Rates in Maryland Today

Current Rate Ranges in Maryland

Maryland Housing Market Overview