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Adjustable Mortgage Rates in Maryland

Updated: August 13, 2020

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Displaying rates for Mortgage Refinance in MD for $200,000

3.022%

APR
30 Year Fixed
3.000% Rate $844/mo
  • Updated August 13, 2020
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2.836%

APR
30 Year Fixed
2.625% Rate $803/mo
  • Updated August 13, 2020
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PRODUCTS RATES +/-
30 Year Fixed 2.75%
15 Year Fixed 2.44%
5/1 ARM 4.50%
Thursday, August 13, 2020

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Mortgage rates for Maryland go down to 2.75%

Thursday, August 13, 2020

Mortgage rates for Maryland on Lender411 for 30-year fixed-rate mortgages are at 2.75%. That dropped from 3.00% to 2.75%. The 15-year fixed rates are now at 2.44%. The 5/1 ARM mortgage for Maryland is now at 4.50%.

ARM Rates in Maryland Today

Adjustable Rate Mortgages (ARM)'s are loans whose interest rate can vary during the loan's term. These loans usually have a fixed interest rate for an initial period of time (usually lower rates) and then can adjust based on current market conditions. Adjustable rate mortgages are usually amortized over a period of 30 years with the initial rate being fixed for anywhere from 1 month to 10 years.

If you are buying a home in Maryland or refinancing into an ARM loan, you can find the best rates on Lender411.com. Check out the main page on Adjustable Mortgage Rates.

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