What are St. Mary's County mortgage rates right now?

I quote today's actual rate directly rather than publish a number here that goes stale within days. VA, FHA, and self-employed programs are priced separately from these conventional averages, so get a quote for the program you would actually use.

Do VA loans have different rates than the ones shown here?

Yes. The Freddie Mac survey tracks conventional loans with 20% down. VA loans are a separate program with their own pricing, zero down payment, and no monthly mortgage insurance. For eligible buyers near Pax River, the VA option deserves a direct side-by-side comparison, not an assumption either way.

How competitive is the St. Mary's market for buyers?

The most competitive in Southern Maryland. Homes averaged about 11 days on the market this spring, the fastest pace in the region. A complete pre-approval, a clear budget ceiling, and a lock strategy decided in advance are what let you move quickly without overextending.

St. Mary's County, MD Mortgage Rates

Understanding St. Mary's County, MD 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Mortgage rates change daily, sometimes hourly, so a number printed on a webpage is out of date almost as soon as it is published.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 St. Mary's County 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 in the St. Mary's County market

If you are buying: St. Mary's is the fastest-moving market in Southern Maryland, with homes averaging about 11 days on the market this spring and a county median sold price around $435,000. Demand around Naval Air Station Patuxent River keeps Leonardtown, Lexington Park, California, and Great Mills competitive year-round. In a market this quick, the buyers who win are the ones whose financing is fully prepared before the right house appears.

If you are military or a veteran: I spent 20 years in the Navy, and I will say this plainly: if you have VA eligibility, make sure it is actually being compared against your other options, not just assumed or ignored. VA loans allow zero down and no monthly mortgage insurance, which changes the payment math meaningfully at today's rates. Published national averages are for conventional loans; VA pricing runs on its own track.

If you are self-employed or a contractor: St. Mary's has a deep bench of 1099 defense contractors and consultants whose tax returns understate their real income. Bank statement, P&L, and asset-based programs exist precisely for that situation. Do not let a standard underwrite tell you no before a specialist has looked at the file.

Frequently asked questions

What are St. Mary's County mortgage rates right now?: I quote today's actual rate directly rather than publish a number here that goes stale within days. VA, FHA, and self-employed programs are priced separately from these conventional averages, so get a quote for the program you would actually use.
Do VA loans have different rates than the ones shown here?: Yes. The Freddie Mac survey tracks conventional loans with 20% down. VA loans are a separate program with their own pricing, zero down payment, and no monthly mortgage insurance. For eligible buyers near Pax River, the VA option deserves a direct side-by-side comparison, not an assumption either way.
How competitive is the St. Mary's market for buyers?: The most competitive in Southern Maryland. Homes averaged about 11 days on the market this spring, the fastest pace in the region. A complete pre-approval, a clear budget ceiling, and a lock strategy decided in advance are what let you move quickly without overextending.

Rates in other markets: Maryland · Calvert County · Charles 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.