What are Maryland mortgage rates right now?

I quote today's actual rate directly rather than publish a number here that goes stale within days. Maryland rates track these national benchmarks closely; your individual rate depends on credit, down payment, loan size, county loan limits, and program.

Are Maryland home prices still rising in 2026?

Modestly, yes. Statewide medians have been running in the mid to upper $400,000s with low single-digit annual growth, though it varies sharply by county. Some Southern Maryland counties have appreciated much faster than the state as a whole.

Does Maryland have programs for first-time buyers?

Yes. The Maryland Mortgage Program and various county-level programs offer down payment assistance for eligible buyers. Whether they fit depends on income limits, purchase price limits, and your longer-term plans, which is a conversation worth having before you assume you do or do not qualify.

Maryland Mortgage Rates

Understanding Maryland Mortgage Rates

Ken Powell, Loan Officer · Hughesville, MD · NMLS #2656628

Quick Answer

Mortgage rates change daily, sometimes hourly, so a number printed on a webpage is out of date almost as soon as it is published. Rather than post a figure here that misleads more often than it helps, I quote Maryland borrowers their actual rate directly, based on their credit, down payment, loan type, and program. Call, text, or email any time for today's real number.

The one thing to remember about rate headlines

The Fed does not set your mortgage rate. Your 30-year fixed tracks the 10-year Treasury and mortgage-backed securities, which move on the bond market's full read of growth, inflation, government borrowing, and Fed positioning. That is why rates sometimes rise on good economic news and fall on bad news, and why timing your purchase or refinance around headlines is a losing game. The numbers that should drive your decision are your own: your payment, your budget, your timeline, and your break-even if you are refinancing.

What it means for Maryland buyers and homeowners

If you are buying: Maryland's statewide median home price has been running in the mid to upper $400,000s in 2026, with modest year-over-year growth and more listings than a year ago. But Maryland is not one market. Southern Maryland alone ranges from Charles County, where homes average about a month on the market, to St. Mary's, where they average eleven days. Prince George's County sits inside the DC orbit with its own pricing dynamics. The statewide rate story is the same everywhere; your local leverage is not. Match your offer strategy to your county, not to a headline.

If you are a homeowner: the refinance answer depends on when you locked. A 2020 or 2021 rate is worth protecting. A 2023 or 2024 rate is worth a break-even calculation. And FHA borrowers across Maryland who have gained equity through appreciation should check whether a move to conventional would eliminate their monthly mortgage insurance.

If you are self-employed or an investor: Maryland has a large population of 1099 earners, contractors, and small business owners whose tax strategy works against a standard mortgage underwrite. Bank statement, P&L, asset-based, and DSCR programs document income differently and are priced on their own ranges, separate from conventional pricing.

Frequently asked questions

What are Maryland mortgage rates right now?: I quote today's actual rate directly rather than publish a number here that goes stale within days. Maryland rates track these national benchmarks closely; your individual rate depends on credit, down payment, loan size, county loan limits, and program.
Are Maryland home prices still rising in 2026?: Modestly, yes. Statewide medians have been running in the mid to upper $400,000s with low single-digit annual growth, though it varies sharply by county. Some Southern Maryland counties have appreciated much faster than the state as a whole.
Does Maryland have programs for first-time buyers?: Yes. The Maryland Mortgage Program and various county-level programs offer down payment assistance for eligible buyers. Whether they fit depends on income limits, purchase price limits, and your longer-term plans, which is a conversation worth having before you assume you do or do not qualify.

Rates in other markets: Calvert County · Charles County · St. Mary's County · Virginia

Want your actual rate, not a national average?

I am Ken Powell, a loan officer with Fairway Home Mortgage based in Hughesville, Maryland. Twenty years in the Navy taught me to prepare thoroughly and speak plainly, and that is how I run my lending practice. I specialize in self-employed and 1099 borrowers, DSCR and investor loans, bank statement, P&L, and asset-based programs, and reverse mortgages.

Call or text (240) 237-7855, email ken.powell@fairwaymc.com, or visit LendWithKen.com. Straight answers, no pressure.

This page does not publish specific interest rate figures, since a number printed on a webpage is out of date almost as soon as it's posted. Your actual rate and APR depend on your credit, income documentation, down payment, loan type, occupancy, and property, and change daily. Contact Ken directly for a current, personalized quote. Local market figures reflect regional MLS and public data reported for 2026 and are subject to revision. Ken Powell, Loan Officer, NMLS #2656628. Fairway Home Mortgage, 8307 Old Leonardtown Road, Hughesville, MD 20637. Fairway Independent Mortgage Corporation, NMLS #2289. Equal Housing Opportunity. Not all applicants will qualify.