Mortgage Loans in Glen Burnie, MD

Today’s Fed Funds Effective Rate is 4.25%, which is lower than 30 days ago when it was 4.50%. The Fed Funds rate influences mortgage rates because it affects the cost banks pay to borrow money, which can impact the interest rates lenders offer to homebuyers.

First Financial Of Maryland has a 15-year fixed rate today at 5.25% and a 30-year fixed rate at 6.125%. Affinity offers a 15-year conventional fixed rate at 5.125% and a 30-year conventional fixed rate at 5.75%, both unchanged from last week but up 13 bp from a month ago. Their 3-, 5-, and 7-year adjustable rates remain steady at 4.375%, 4.5%, and 4.75%, respectively. The 30-year fixed rate is today 5.75%, while the 15-year fixed is 5.125%. Baxter offers a 15-year Conventional Fixed at 5.125%, unchanged from a week ago but up 13 bp from a month ago. Their 30-year Conventional Fixed is 5.875%, down 13 bp from last week. The Jumbo 30-year Fixed is steady at 5.875%, with a 30-day increase of 25 bp. The 5-year ARM is 4.75%, unchanged over the past month.

State Department offers a 15-year conventional fixed rate at 4.75% and a 30-year conventional fixed rate at 5.5% today. The jumbo 30-year fixed rate is 5.625%. Adjustable rates include a 5-year ARM at 5.25%, a 7-year ARM at 5.125%, and a 10-year ARM at 5.375%. Affinity Plus offers a 15-year Conventional Fixed at 5.5% and a 30-year Conventional Fixed at 6.0%, both unchanged from a week ago but down 13 bp from a month ago. The 30-year Jumbo Fixed is also 6.0%, down 13 bp over 30 days. Their 30-year VA Fixed remains steady at 6.625%. Adjustable rates include a 5-year ARM at 4.875% and a 7-year ARM at 5.125%, both steady.

Digital offers a 15-year conventional fixed rate at 5.375% and a 30-year conventional fixed rate at 6.0%. The 30-year fixed rate is up 25 bp from a month ago but steady over the past week. The 15-year fixed rate remains unchanged from both last week and last month. Jumbo 30-year fixed loans are also at 6.0%, unchanged from last week. Delta Community offers a 15-year conventional fixed rate at 5.0% and a 30-year conventional fixed rate at 5.5%, both unchanged from last week but down 25 and 13 bp from a month ago, respectively. The 15-year conventional fixed rate refinance is also at 5.0%. Jumbo 30-year fixed loans are priced today at 5.625%, down 13 bp from a month ago.

Tower offers a 15-year conventional fixed rate at 5.375%, unchanged from last week but up 25 bp from a month ago. Their 30-year conventional fixed rate is 6.0%, steady from last week and up 13 bp from 30 days prior. Jumbo 30-year fixed loans are at 6.25%, also unchanged from last week and up 13 bp over the past month. Variable 30-year fixed loans stand at 6.5%, with no weekly change but a 13 bp rise in the last 30 days.

Aberdeen Proving Ground offers a 15-year Conventional fixed rate at 5.375%, down 13 bp from last week, and a 30-year Conventional fixed at 6.0%, also down 13 bp. FHA 30-year fixed is today 5.625%, down 25 bp from a week ago. The 30-year VA fixed rate is steady at 5.75%. Jumbo 30-year fixed is 6.125%, down 25 bp from last week. Adjustable-rate 5-, 7-, and 10-year terms range from 5.125% to 5.75%, with slight increases over 30 days. Connexus offers a 15-year conventional fixed rate at 5.125%, down 13 bp from last week, and a 30-year conventional fixed at 5.75%, also down 13 bp. Their 15-year conventional refinance is 5.75%, unchanged from last week, while the 30-year conventional refinance dropped 25 bp to 6.125%. FHA loans include a 3-year ARM at 5.25%, unchanged, and a 5-year ARM at 5.75%, steady as well.