MD Mortgage Rates July 4, 2010
Searching and comparing Maryland mortgage rates can be a time consuming process. To make the process easier and help consumers find local mortgage rates that are best suited for their needs, Findlocalmortgagerates.com has surveyed local mortgage lenders as well as the largest bank mortgage lenders.
In today’s mortgage rate survey, Findlcoalmortgagerates.com has obtained the mortgage rates from two of the top 15 largest banks in Maryland, The Columbia Bank and Rosedale Federal Savings, as well as two of the largest banks in the nation, Wells Fargo and Bank of America.
Mortgage rates in Maryland continue to be at all time lows, which makes it a good time to find the right mortgage lender and mortgage loan. The survey results from these bank mortgage lenders included the following MD mortgage rates and terms:
The Columbia Bank’s mortgage division, Fulton Mortgage Company, offers a 30 year fixed rate home loan at 4.625% with no points and an APR of 4.766%. Fulton Mortgage Company markets a 15 year mortgage rate in MD at 4.125% with no points and a 4.248% APR. A 30 year FHA loan from Fulton has a mortgage rate of 4.875% with no points and an APR of 5.292%.
Rosedale Federal promotes a 30 year fixed rate home loan with a mortgage rate of 4.75% and no points with a 4.769% APR. The 15 year mortgage rate in MD from Rosedale is at 4.75% with no points and a 4.782% APR.
Bank of America offers a 30 year mortgage rate in MD at 4.75% with 1.0 point and a 4.875% APR. The 15 year from Bank of America mortgage is at 4.125% with 1.125 points and a 4.363% APR.
Wells Fargo mortgage rates in MD include a 30 year fixed rate loan at 4.625% and 1.0 point with a 4.812% APR and a 15 year mortgage rate of 4.00% with 1.0 point and an APR at 4.321% as well as a 30 year FHA loan with a mortgage rate of 4.625% with 1.0 point and a 5.364% APR.
MD mortgage rates and terms listed are current as of this publication date but are subject to change without notice. All mortgage loans in Maryland promoted by these bank mortgage lenders are subject to bank approval.
The Columbia Bank is the second largest Maryland based bank and Rosedale Federal Savings and Loan is the 11th largest Maryland based bank. Bank of America is the second largest bank in the nation while Wells Fargo is the fourth largest.
The mortgage lenders listed also offer a wide range of mortgage plans with different rates and cost options. To reach the banks for more information and current mortgage rates:
Rosedale Federal can be reaches at 410-668-4400
The Columbia Bank can be contacted at 888-822-2265
Bank of America mortgage representative are available at 800-586-9861
Wells Fargo customer service is at 877-937-9357