current refinance rates maryland: what to expect and how to compare

What influences your quote

In Maryland, refinance offers shift daily as lenders reprice after economic reports and bond market moves. Your personal profile-credit score, home equity, loan purpose, and property type-can widen or narrow the spread between offers.

Factors lenders weigh

• Credit strength: Higher scores can unlock lower pricing and fewer points.
• Loan-to-value: More equity reduces risk and often improves the rate.
• Loan type: Conventional, FHA, and VA refis price differently.
• Term and points: Paying points can lower the note rate if you’ll keep the loan long enough.
• Cash-out vs. rate-and-term: Cash-out typically prices higher.
• Local costs: Maryland transfer and recordation taxes, title premiums, and escrows affect your break-even.

How to shop smart

Request same-day Loan Estimates for an apples-to-apples view, and compare both rate and total cost over your expected time in the home. Ask each lender to quote with and without points, lock length, and any lender credits. Summary: monitor market headlines, verify fees unique to your county, and choose the option with the best blended rate and timeline fit.