Ocean City, Maryland Mortgage Rates Today for October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current mortgage rates for Ocean City, Maryland borrowers from lenders serving Maryland today start at 6.125% for a 30 year fixed and 6.125% for a 15 year fixed, compared with Maryland averages of 7.262% and 6.79%. Ocean City, Maryland mortgage rates from lenders serving Maryland range from 4.54% to 9.75%, verified by MonitorBankRates as of October 31, 2026. Current 30-year fixed mortgage rates for Ocean City, Maryland borrowers from lenders serving Maryland include Cedar Point Federal Credit UnionCedar Point Federal Credit UnionA+5.0 ★Texas Ratio: 2.72%Rate verified Oct 28, 2026 at 6.125%, Securityplus Federal Credit UnionSecurityplus Federal Credit UnionA5.0 ★Texas Ratio: 9.19%Rate verified Oct 28, 2026 at 6.50%, Destinations Credit UnionDestinations Credit UnionA+5.0 ★Texas Ratio: 1.41%Rate verified Oct 29, 2026 at 6.625%, FedFinancial Federal Credit UnionFedFinancial Federal Credit UnionA+5.0 ★Texas Ratio: 2.64%Rate verified Oct 28, 2026 at 6.373%, and Dollar Bank, Federal Savings BankDollar Bank, Federal Savings BankA+5.0 ★Texas Ratio: 5.29%Rate verified Oct 31, 2026 at 6.875%. Mortgage rates as of October 31, 2026 according to verified data from MonitorBankRates.
Ocean City borrowers can compare 156 mortgage rates from 32 lenders serving the Maryland area, with mortgage rates as low as 6.125% from Cedar Point Federal Credit Union. Use the tabs below to compare available loan types. Rates are continually updated, so we recommend checking back frequently.
Mortgage Rates reflect actual verified offers from lenders actively lending to Maryland borrowers. Your final approved rate will depend on your credit profile, loan-to-value ratio, and daily market movements. Last Updated and Verified: October 31, 2026
Compare Mortgage Rates Today in Ocean City, Maryland & the Surrounding Area
Ocean City 30 Year Fixed Mortgage Rates
Conventional Loans; Rates information accurate as of August 20, 2026
VA Loans; Rate information is accurate as of October 9, 2026
Mortgage; Conventional Mortgage Rates
Payment Example ($150,000 Loan Amount): $960.47; APR is the lowest rate available for qualified members
- Oct 26, 20266.79%▼ from 7.59%
- Oct 19, 20267.59%first recorded
Home refinance; based on $187,500 loan amount and property value of at least $250,000; APR is for a borrower with a 750 credit score; 30-year term = 360 months; effective 10/28/2026; 30-day lock
- Oct 28, 20266.82%▼ from 6.88%
- Oct 23, 20266.88%▼ from 7.01%
- Oct 15, 20267.01%▼ from 7.05%
- Oct 8, 20267.05%▲ from 6.84%
Mortgage; rates based on 780 FICO, purchase or no cash-out refinance; APR assumes $400,000 loan, 20% down
- Oct 31, 20266.95%▼ from 7.20%
- Oct 20, 20267.20%▼ from 7.33%
- Oct 7, 20267.33%▲ from 6.70%
- Sep 7, 20266.70%first recorded
As Low As; Fixed Rates; 1 Point Option
- Oct 5, 20266.96%▲ from 6.84%
- Sep 22, 20266.84%▲ from 6.58%
- Sep 18, 20266.58%▲ from 6.46%
- Sep 14, 20266.46%first recorded
Jumbo table (data-ratetype); purchase of existing single family primary residence; loan amount $1,000,000; estimated property value $1,250,000; property in NY, Erie county; escrow required; 60-day rate lock; assumed credit score 740
As Low As; Rates may include points.
- Oct 26, 20267.00%▼ from 7.13%
- Oct 14, 20267.13%▼ from 7.25%
- Oct 1, 20267.25%▲ from 7.13%
- Sep 27, 20267.13%▲ from 7.00%
As Low As; Assumes purchase, $225,000 loan, $375,000 property value, Erie county NY, primary residence, escrow required, 60-day rate lock, 740 credit score
- Oct 31, 20267.00%▼ from 7.32%
- Oct 26, 20267.32%first recorded
As Low As; Purchase loan of $225,000 on $375,000 property value; NY, Erie county; existing single family primary residence; escrow required; 60-day rate lock; 740 credit score assumed
- Oct 31, 20267.00%▼ from 7.32%
- Oct 26, 20267.32%first recorded
As of 10/30/2026; VA Mortgage
Purchase Rates
Refinance rates current as of October 29, 2026
Purchase Rates
Refinance rates current as of October 29, 2026
Home refinance; based on $187,500 loan amount and property value of at least $250,000; APR is for a borrower with a 750 credit score; 30-year term = 360 months; effective 10/28/2026; 30-day lock
- Oct 28, 20267.07%▼ from 7.10%
- Oct 23, 20267.10%▲ from 6.92%
- Oct 15, 20266.92%▼ from 7.28%
- Oct 8, 20267.28%▲ from 7.18%
As Low As; Purchase loan, $225,000 loan amount, $375,000 property value, NY (Erie county), existing single family primary residence, escrow required, 60-day rate lock, 740 credit score assumed; advertised APR assumes approximately 2.000 points
- Oct 31, 20267.09%▼ from 7.22%
- Oct 22, 20267.22%first recorded
As Low As; Fixed Rates; 0 Points Option
- Oct 5, 20267.12%▲ from 6.99%
- Sep 22, 20266.99%▲ from 6.74%
- Sep 18, 20266.74%▲ from 6.61%
- Sep 14, 20266.61%first recorded
No additional details available.
As Low As; Payment: 6,653.02 (payment column not a rate)
- Oct 30, 20267.14%▼ from 7.33%
- Sep 27, 20267.33%first recorded
LTV: up to 95%; Conforming Mortgage Rates for up to $832,750; Limited to the State of Maryland; Effective as of 10/06/2026
- Oct 21, 20267.19%▲ from 6.67%
- Sep 27, 20266.67%first recorded
As Low As; Payment: 1,596.73
- Oct 30, 20267.19%▼ from 7.32%
- Oct 19, 20267.32%▲ from 7.07%
- Sep 18, 20267.07%first recorded
No additional details available.
- Oct 30, 20267.20%▼ from 7.36%
- Oct 19, 20267.36%first recorded
Rates effective as of 10/28/2026; based on a 45 day lock
- Oct 28, 20267.21%▼ from 7.46%
- Oct 2, 20267.46%▲ from 7.21%
- Sep 25, 20267.21%▲ from 7.08%
- Sep 16, 20267.08%first recorded
Down Payment: 20%; Monthly payments per $1,000 borrowed: 360 months of $6.65; Loan payment is interest only during construction period; Add .50% for JUMBO loans over $832,750.00
- Oct 22, 20267.23%▲ from 7.10%
- Oct 7, 20267.10%▲ from 6.72%
- Sep 15, 20266.72%first recorded
Minimum down: 5%; APR based on $350,000, 25% down; Initial rate fixed: n/a
- Oct 26, 20267.29%▼ from 7.79%
- Oct 20, 20267.79%first recorded
As of 10/30/2026; Loan limits vary by county.
Loan to Value: Up to 80%; Construction to Permanent Loan; interest only payments during first 12 months of construction; Rates as of October 29, 2026
- Oct 29, 20267.35%▼ from 7.47%
- Oct 23, 20267.47%▼ from 7.60%
- Oct 13, 20267.60%first recorded
Rates effective as of 10/28/2026; based on a 45 day lock
Rates as of October 29, 2026; Rates apply to loans up to the current FHFA conforming loan limit
- Oct 28, 20267.37%▲ from 7.23%
- Oct 12, 20267.23%first recorded
As Low As; Mortgage Rates Effective Date: Thursday, October 29th, 2026
Purchase transactions only; P&I payment: $1,364.35
P&I payment: $1,364.35; Interest rate and APR for refinance transactions; Rates subject to change without notice
Loan Amount: $400,000; Rates as low as, based on 80% LTV, primary residence purchase; Alternate option: 7.125% rate / 7.244% APR at 1.000 points
- Oct 23, 20267.40%▼ from 7.77%
- Oct 9, 20267.77%▲ from 7.65%
- Oct 5, 20267.65%▼ from 7.90%
- Oct 2, 20267.90%▲ from 7.65%
Conforming Loans; Loan amounts up to $832,750; Effective: 10/29/2026
- Oct 26, 20267.41%▲ from 7.28%
- Oct 19, 20267.28%first recorded
No additional details available.
Refinance; Conforming fixed rate mortgage; based on $300,000 loan amount; rate includes 0.125% autopay and paperless discount
- Oct 31, 20267.45%▼ from 7.83%
- Oct 7, 20267.83%first recorded
Effective 10/28/2026
- Oct 28, 20267.45%▼ from 7.58%
- Oct 15, 20267.58%first recorded
As of 10/30/2026; All mortgage rates listed with zero points unless otherwise noted
Effective 10/28/2026
Effective 10/28/2026
Conforming Loans; HomeReady product, subject to income and underwriting eligibility (Fannie Mae); Loan amounts up to $832,750; Effective: 10/29/2026
- Oct 26, 20267.53%▲ from 7.41%
- Oct 19, 20267.41%first recorded
No additional details available.
Rates as of: October 25, 2026; Base Rate 7.500%; APR as low as 7.597%
- Oct 19, 20267.60%▲ from 7.09%
- Oct 1, 20267.09%first recorded
Rates effective as of 10/28/2026; based on a 45 day lock
Effective 10/28/2026
Purchase transactions only; FHA & VA; P&I payment: $1,364.35
No additional details available.
Purchase Rates
Ocean City 15 Year Fixed Mortgage Rates
As Low As; (15-Year Fixed); rate label shown without APR label
- Oct 26, 20266.13%▼ from 6.50%
- Oct 9, 20266.50%▲ from 6.00%
- Sep 18, 20266.00%first recorded
Mortgage; Conventional Mortgage Rates
As Low As; Both traditional and short-term options available. Rates may include points.
- Oct 19, 20266.38%▼ from 6.50%
- Sep 27, 20266.50%▲ from 6.25%
- Sep 18, 20266.25%▲ from 6.13%
- Sep 14, 20266.13%first recorded
Payment Example ($150,000 Loan Amount): $1275.94; APR is the lowest rate available for qualified members
- Oct 26, 20266.39%▼ from 6.52%
- Oct 19, 20266.52%▲ from 5.88%
- Sep 14, 20265.88%first recorded
Mortgage; rates based on 780 FICO, purchase or no cash-out refinance; APR assumes $400,000 loan, 20% down
- Oct 31, 20266.42%▼ from 6.53%
- Oct 20, 20266.53%▼ from 6.67%
- Oct 7, 20266.67%▲ from 5.92%
- Sep 7, 20265.92%first recorded
As Low As; Fixed Rates; 1 Point Option
- Oct 26, 20266.47%▲ from 6.34%
- Oct 5, 20266.34%▲ from 6.22%
- Sep 22, 20266.22%▲ from 5.96%
- Sep 18, 20265.96%▲ from 5.84%
As Low As; Fixed Rates; 0 Points Option
- Oct 26, 20266.56%▲ from 6.43%
- Oct 5, 20266.43%▲ from 6.31%
- Sep 22, 20266.31%▲ from 6.06%
- Sep 18, 20266.06%▲ from 5.93%
Home refinance; based on $187,500 loan amount and property value of at least $250,000; APR is for a borrower with a 750 credit score; 15-year term = 180 months; effective 10/28/2026; 30-day lock
- Oct 28, 20266.60%▼ from 6.67%
- Oct 23, 20266.67%▼ from 6.79%
- Oct 15, 20266.79%▼ from 6.79%
- Oct 8, 20266.79%▲ from 6.73%
As Low As; Payment: 2,074.20
- Oct 30, 20266.66%▲ from 6.53%
- Sep 18, 20266.53%▲ from 6.28%
- Sep 14, 20266.28%first recorded
Purchase Rates
- Oct 29, 20266.71%▼ from 7.13%
- Oct 26, 20267.13%first recorded
Refinance rates current as of October 29, 2026
As of 10/30/2026; All mortgage rates listed with zero points unless otherwise noted
Down Payment: 20%; Monthly payments per $1,000 borrowed: 180 months of $8.64; Loan payment is interest only during construction period; Add .50% for JUMBO loans over $832,750.00
- Oct 22, 20266.73%▲ from 6.61%
- Oct 7, 20266.61%▲ from 6.22%
- Sep 15, 20266.22%first recorded
LTV: up to 95%; Conforming Mortgage Rates for up to $832,750; Limited to the State of Maryland; Effective as of 10/06/2026
- Oct 21, 20266.79%▲ from 6.40%
- Sep 27, 20266.40%first recorded
Conforming Loans; Loan amounts up to $832,750; Effective: 10/29/2026
- Oct 30, 20266.80%▼ from 6.93%
- Oct 26, 20266.93%▲ from 6.68%
- Oct 19, 20266.68%first recorded
Conforming Mortgage Rates; APR based on $350,000 loan, 25% down; Monthly Payment per $10,000: $88.49; Minimum Down: 5%; Time Initial Rate is Fixed: n/a; Adjustment After Initial Period: n/a; Max Lifetime Cap: n/a
- Oct 26, 20266.81%▼ from 7.07%
- Oct 7, 20267.07%▼ from 7.69%
- Sep 15, 20267.69%first recorded
Minimum down: 5%; APR based on $350,000, 25% down; Initial rate fixed: n/a
- Oct 26, 20266.81%▼ from 7.07%
- Oct 20, 20267.07%first recorded
Down Payment: 30%; Max. Term: 15 Yrs.; Payment per $1,000.00: $8.85
As Low As; Purchase loan, $225,000 loan amount, $375,000 property value, NY (Erie county), existing single family primary residence, escrow required, 60-day rate lock, 740 credit score assumed; advertised APR assumes approximately 2.000 points
- Oct 31, 20266.87%▼ from 7.08%
- Oct 22, 20267.08%first recorded
Refinance; Conforming fixed rate mortgage; based on $300,000 loan amount; rate includes 0.125% autopay and paperless discount
As Low As; Mortgage Rates Effective Date: Thursday, October 29th, 2026
Purchase transactions only; P&I payment: $1,769.82
P&I payment: $1,769.82; Interest rate and APR for refinance transactions; Rates subject to change without notice
Jumbo table (data-ratetype); purchase of existing single family primary residence; loan amount $1,000,000; estimated property value $1,250,000; property in NY, Erie county; escrow required; 60-day rate lock; assumed credit score 740
Rates effective as of 10/28/2026; based on a 45 day lock
No additional details available.
As Low As; Assumes purchase, $225,000 loan, $375,000 property value, Erie county NY, primary residence, escrow required, 60-day rate lock, 740 credit score
- Oct 31, 20267.10%▼ from 7.23%
- Oct 26, 20267.23%first recorded
As Low As; Purchase loan of $225,000 on $375,000 property value; NY, Erie county; existing single family primary residence; escrow required; 60-day rate lock; 740 credit score assumed
- Oct 31, 20267.10%▼ from 7.23%
- Oct 26, 20267.23%first recorded
Effective 10/28/2026
Rates as of: October 25, 2026; Base Rate 7.000%; APR as low as 7.153%
- Oct 19, 20267.15%▲ from 6.78%
- Oct 1, 20266.78%first recorded
Down Payment: 20%; Max. Term: 15 Yrs.; Payment per $1,000.00: $9.13
Down Payment: 10%; Max. Term: 15 Yrs.; Payment per $1,000.00: $9.41
Loan amount $850,000, 25% down; Monthly payment per $10,000: $96.29; Minimum down: 20%; Initial rate fixed, adjustment, first adjusted rate and lifetime cap: n/a
- Oct 26, 20268.32%▼ from 8.57%
- Oct 7, 20268.57%▲ from 7.69%
- Sep 15, 20267.69%first recorded
No additional details available.
Ocean City 5/1 ARM Mortgage Rates
As Low As; Adjustable Rate Mortgage 5/1; Rates subject to increase or decrease after Initial Fixed Period; Loans over $832,750 may be subject to different rates
Effective Date: 10/22/2026; Rate adjusts after the fixed period; Monthly Payment Per $1000 Borrowed: $5.68
As Low As; Enjoy a low initial rate that adjusts with the market. Various terms and options available. Rates may include points.
- Oct 26, 20265.88%▼ from 6.00%
- Oct 14, 20266.00%▼ from 6.13%
- Oct 1, 20266.13%▲ from 5.63%
- Sep 18, 20265.63%▲ from 5.50%
As Low As; Construction ARMs (Adjustable Rate Mortgages); Rates are subject to change daily. Please contact Credit Union for additional program options.
As Low As; Adjustable Rate; 1 Point Option
As Low As; Adjustable Rates; 0 Points Option
As Low As; Program: 5/1; Some restrictions apply. Call for details.
As Low As; Mortgage Rates Effective Date: Thursday, October 29th, 2026
Loan to Value: Up to 80%; Rates as of October 29, 2026
- Oct 29, 20266.55%▼ from 6.68%
- Oct 9, 20266.68%▼ from 6.81%
- Oct 5, 20266.81%▲ from 6.68%
- Sep 29, 20266.68%▲ from 6.55%
Rates as of October 29, 2026; Rates apply to loans up to the current FHFA conforming loan limit
- Oct 15, 20266.65%▲ from 6.06%
- Oct 2, 20266.06%▲ from 5.81%
- Sep 14, 20265.81%first recorded
Adjustable Rate (ARM); Effective 10/28/2026
Mortgage Rates effective Oct 19, 2026; Primary/Secondary Homes (includes Construction/Permanent); Maximum Loan-To-Value 90% (Construction-Permanent 80%); 1/2 Point on Construction/Permanent Loans; ARM rate may increase after consummation
- Oct 20, 20266.90%▲ from 6.72%
- Oct 14, 20266.72%first recorded
As Low As; w/ 1.000 Points; Payment: 1,419.69
- Oct 30, 20266.94%▼ from 6.98%
- Oct 19, 20266.98%first recorded
Rates effective as of 10/28/2026; based on a 45 day lock
- Oct 28, 20266.99%▼ from 7.17%
- Oct 8, 20267.17%▲ from 7.05%
- Oct 2, 20267.05%▲ from 6.99%
- Sep 25, 20266.99%▲ from 6.88%
Rates as of: October 25, 2026; Base Rate 6.000%; APR as low as 6.998%; Adjustable after initial 5-year fixed period
Loan amount $850,000, 25% down; Monthly payment per $10,000: $71.64; Minimum down: 10%; Initial rate fixed: 5 Yrs.; Adjusts every 6 Months; First adjusted interest rate: 6.875%; Max lifetime cap: 12.750%
- Oct 26, 20267.36%▼ from 7.41%
- Oct 7, 20267.41%▲ from 7.38%
- Sep 15, 20267.38%first recorded
Conforming Mortgage Rates; APR based on $350,000 loan, 25% down; Minimum down 5%; Initial rate fixed 5 Yrs.; Adjusts every 6 Months; First adjusted interest rate 6.875%; Max lifetime cap 12.750%
- Oct 26, 20267.38%▼ from 7.41%
- Oct 7, 20267.41%▲ from 7.38%
- Sep 15, 20267.38%first recorded
Minimum down: 5%; APR based on $350,000, 25% down; Initial rate fixed: 5 Yrs.; Adjustment after initial period: 6 Months; First adjusted interest rate: 6.875%; Max lifetime cap: 12.750%
Maximum Loan-To-Value for Buildable Lot Loans = 75%
- Oct 20, 20267.46%▼ from 7.47%
- Oct 14, 20267.47%first recorded
Purchase Rates
- Oct 29, 20268.41%▼ from 8.41%
- Oct 26, 20268.41%first recorded
Refinance rates current as of October 29, 2026
Ocean City 30-Year Jumbo Mortgage Rates
Effective: 10/29/2026; Loan amounts from $832,751 - $2,000,000; Minimum loan amount listed is for single family home or condo
- Oct 30, 20266.51%▼ from 6.64%
- Oct 19, 20266.64%▲ from 6.26%
- Sep 22, 20266.26%first recorded
Jumbo; Adjustable Rate (ARM); Effective 10/28/2026
- Oct 23, 20266.59%▲ from 6.58%
- Oct 15, 20266.58%▲ from 6.47%
- Oct 2, 20266.47%▲ from 6.42%
- Sep 25, 20266.42%first recorded
Rates as of Oct 30, 2026 ET; Interest Rates As Low As; APR As Low As
- Oct 31, 20266.71%▼ from 6.83%
- Oct 20, 20266.83%▼ from 6.87%
- Oct 6, 20266.87%▲ from 6.77%
- Sep 30, 20266.77%first recorded
Effective: 10/29/2026; Loan amounts from $832,751 - $2,000,000; Minimum loan amount listed is for single family home or condo
- Oct 30, 20266.76%▼ from 7.01%
- Oct 19, 20267.01%▲ from 6.76%
- Sep 22, 20266.76%first recorded
Effective: 10/29/2026; Loan amounts from $832,751 - $2,000,000; Minimum loan amount listed is for single family home or condo
- Oct 30, 20266.89%▼ from 7.14%
- Oct 19, 20267.14%▲ from 6.89%
- Sep 22, 20266.89%first recorded
Jumbo loans are available for loan amounts from $832,751 to $1,500,000
LTV: up to 80%
LTV: up to 95%
LTV: up to 95%
LTV: up to 95%
Jumbo Mortgage Rates; LTV: up to 95%; Payment Per $1,000: $6.90 (not a rate); Effective as of 10/06/2026
LTV: up to 95%
LTV: up to 95%; Fixed; Jumbo; APR based on a loan balance of $832,751.00 for jumbo loans
Jumbo; Effective 10/28/2026
- Oct 15, 20267.58%▼ from 7.71%
- Oct 2, 20267.71%first recorded
Jumbo loans are available for loan amounts from $832,751 to $1,500,000
No additional details available.
Interest Rates As Low As; Exclusive mortgage benefit for Servicemembers, Reservists and Veterans who have already exhausted their VA loan benefit; no down payment required; 720 FICO, down payment of 0%; rates as of Oct 30, 2026 ET
- Oct 31, 20268.10%▼ from 8.22%
- Oct 26, 20268.22%▼ from 8.35%
- Oct 20, 20268.35%first recorded
As Low As; Rates as of Oct 30, 2026 ET; Advertised rate assumes single-family primary residence, 720 FICO, 0% down
- Oct 31, 20268.22%▼ from 8.35%
- Oct 26, 20268.35%▼ from 8.48%
- Oct 20, 20268.48%▼ from 8.61%
- Oct 1, 20268.61%first recorded
Purchase Rates
Ocean City 15-Year Jumbo Mortgage Rates
As Low As; Assumes single-family primary residence, 720 FICO, 20% down; Minimum 5% down required; Rates as of Oct 30, 2026 ET
- Oct 26, 20266.85%▼ from 6.97%
- Oct 20, 20266.97%first recorded
LTV: up to 95%
Type: Fixed; LTV: up to 95%
Jumbo; Effective 10/28/2026
- Oct 28, 20267.14%▼ from 7.27%
- Oct 15, 20267.27%first recorded
Jumbo loans are available for loan amounts from $832,751 to $1,500,000
Ocean City 5/1 Jumbo ARM Mortgage Rates
Jumbo; Adjustable Rate (ARM); Effective 10/28/2026
- Oct 23, 20266.65%▼ from 6.65%
- Oct 15, 20266.65%▲ from 6.56%
- Oct 2, 20266.56%▲ from 6.51%
- Sep 25, 20266.51%first recorded
Rates as of Oct 30, 2026 ET; Interest Rates As Low As; APR As Low As
- Oct 31, 20266.65%▼ from 6.78%
- Oct 20, 20266.78%▼ from 6.83%
- Oct 6, 20266.83%▲ from 6.75%
- Sep 30, 20266.75%first recorded
Purchase Rates
Ocean City FHA Loan Rates
Home refinance; based on $187,500 loan amount and property value of at least $250,000; APR is for a borrower with a 750 credit score; 30-year term = 360 months; effective 10/28/2026; 30-day lock
- Oct 28, 20266.82%▼ from 6.88%
- Oct 23, 20266.88%▼ from 7.01%
- Oct 15, 20267.01%▼ from 7.05%
- Oct 8, 20267.05%▲ from 6.84%
As Low As; Assumes purchase, $225,000 loan, $375,000 property value, Erie county NY, primary residence, escrow required, 60-day rate lock, 740 credit score
- Oct 31, 20267.00%▼ from 7.32%
- Oct 26, 20267.32%first recorded
Purchase Rates
Refinance rates current as of October 29, 2026
As Low As; Assumes purchase, $225,000 loan, $375,000 property value, Erie county NY, primary residence, escrow required, 60-day rate lock, 740 credit score
- Oct 31, 20267.10%▼ from 7.23%
- Oct 26, 20267.23%first recorded
As of 10/30/2026; Loan limits vary by county.
No additional details available.
Rates effective as of 10/28/2026; based on a 45 day lock
Effective 10/28/2026
Purchase transactions only; FHA & VA; P&I payment: $1,364.35
No additional details available.
Ocean City VA Loan Rates
Variable; TD Mortgage Prime Rate 4.85% -0.31%; Posted Rate: TD Mortgage Prime Rate (struck through)
- Oct 31, 20264.56%▲ from 4.31%
- Oct 26, 20264.31%first recorded
VA Loans; Rate information is accurate as of October 9, 2026
Rates as of Oct 30, 2026 ET. Rates subject to change.
- Oct 31, 20266.66%▼ from 6.79%
- Oct 20, 20266.79%first recorded
Rates as of Oct 30, 2026 ET. Rates subject to change.
- Oct 31, 20266.93%▼ from 7.06%
- Oct 20, 20267.06%first recorded
As Low As; Purchase loan of $225,000 on $375,000 property value; NY, Erie county; existing single family primary residence; escrow required; 60-day rate lock; 740 credit score assumed
- Oct 31, 20267.00%▼ from 7.32%
- Oct 26, 20267.32%first recorded
As of 10/30/2026; VA Mortgage
As Low As; Purchase loan of $225,000 on $375,000 property value; NY, Erie county; existing single family primary residence; escrow required; 60-day rate lock; 740 credit score assumed
- Oct 31, 20267.10%▼ from 7.23%
- Oct 26, 20267.23%first recorded
No additional details available.
30 Year VA financing available in MD and VA only
Rates effective as of 10/28/2026; based on a 45 day lock
- Oct 28, 20267.21%▼ from 7.46%
- Oct 2, 20267.46%▲ from 7.21%
- Sep 25, 20267.21%▲ from 7.08%
- Sep 16, 20267.08%first recorded
No additional details available.
Effective 10/28/2026
- Oct 28, 20267.45%▼ from 7.58%
- Oct 15, 20267.58%first recorded
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
Ocean City, MD Mortgage Rate Trends
Compare local Ocean City, MD mortgage rate quotes against the statewide average
Daily mortgage rate averages tracked across our database of verified mortgage rate quotes, updated every evening.
Maryland 30-year fixed rates fell 0.063 points over the past 7 days to 7.262%.
Maryland 15-year fixed rates rose 0.006 points over the past 7 days to 6.790%.
Maryland Mortgage Rate Forecast, Next 12 Months
Where are Maryland mortgage rates headed through October 2027?
Based on Fed funds rate futures, 10-year Treasury path, and historical mortgage spread model. Not financial advice.
What Forecast Rates Mean for Ocean City, MD Home Buyers
Monthly principal & interest payment on Ocean City, MD median home of $429,000 (20% down, 30-year fixed, city-level Census ACS median)
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (MD avg) | 7.262% | $2,344 | 36.2% | |
| 6-Month Forecast | 7.262% (6.91, 7.56%) | $2,344 | +$0/mo | 36.2% |
| 12-Month Forecast | 7.512% (7.16, 7.81%) | $2,403 | +$59/mo | 37.1% |
Income column = annual mortgage payment as % of Ocean City, MD median household income ($77,750). Above 30% is generally considered cost-burdened.
MonitorBankRates Housing Affordability Index (MBR-HAI)
A daily-updated affordability score for Ocean City, Maryland , computed from local Census Bureau data combined with current Maryland mortgage rates.
What This Score Means for Ocean City, Maryland Home Buyers
With a score of 75.7, Ocean City, Maryland is 21.8 points less affordable than the national average of 97.4. It ranks 234 of 259 scored Maryland cities, where 1 is the most affordable. The area’s median home value of $429,000 against a median household income of $77,750 produces a price-to-income ratio of 5.5x , modestly above the national norm. At the current Maryland mortgage rate of 7.266%, a buyer purchasing the median-priced home with 20% down would carry a monthly payment of approximately $2,345 in principal and interest.
Beyond the mortgage payment, the median total monthly owner cost in this area is $1,463, covering mortgage, property taxes, insurance, and utilities. Property taxes alone average $311/month ($3,731/year). These ongoing costs factor directly into the MBR-HAI alongside the mortgage rate and income data.
Score computed from local U.S. Census Bureau ACS 5-Year Estimates (2024) and CPS/HVS Q4 2025 data, combined with the current Maryland live mortgage rate. Score of 100 = national average at 6.5% reference rate. Full methodology
How Mortgage Rates Impact Home Affordability in Ocean City, Maryland
Ocean City, Maryland Housing Market Overview
According to the U.S. Census Bureau, the median owner-occupied home value in Ocean City, Maryland is approximately $429,000. The 2026 FHFA conforming loan limit for this area is $832,750, meaning most buyers financing at 80% LTV will qualify for conforming loan pricing, making rate comparison across local lenders especially valuable.
Ocean City, Maryland Homeownership Rate
The homeownership rate in Ocean City, Maryland stands at 67.7%, near the national average of 65.7%. The homeowner vacancy rate of 0.4% signals a tight market with limited available inventory, making it critical to secure the best possible rate quickly when a suitable property becomes available.
Monthly Payment Estimates for Ocean City, Maryland Buyers
Even a small difference in your interest rate can add up to tens of thousands of dollars over the life of a loan. The table below shows monthly principal and interest payments on a $340,000 mortgage, based on a 20% down payment on the Ocean City, Maryland median home value.
| Interest Rate | Loan Term | Monthly Payment | Total Interest Paid |
|---|---|---|---|
| 6.762% | 30-year fixed | $2,208 | $454,861 |
| 7.262% Current Avg | 30-year fixed | $2,322 | $495,980 |
| 7.762% | 30-year fixed | $2,439 | $537,904 |
| 6.790% | 15-year fixed | $3,016 | $202,923 |
A 0.500% rate increase on a $340,000 loan adds roughly $116 per month and over $41,924 in total interest over a 30-year term. That’s why comparing verified, current rates from multiple lenders, using the rate table above, is one of the most impactful financial decisions a Ocean City, Maryland buyer can make.
Data sources: U.S. Census Bureau; Federal Housing Finance Agency (FHFA). Monthly payments shown are principal & interest only; taxes, insurance, and PMI not included.
Ocean City, Maryland Income & Housing Affordability
At a price-to-income ratio of 5.5x, Ocean City, Maryland is a moderately expensive housing market. That ratio, median home value divided by median household income, is a standard benchmark used by housing economists to gauge how accessible homeownership is relative to local earnings. The national baseline is approximately 3.8x.
What This Means for Ocean City, Maryland Buyers
With a median household income of $77,750 per year in Ocean City, Maryland ($6,479/month) and a median home value of approximately $429,000, a buyer financing at 80% LTV at the current average rate would commit roughly 35.8% of gross monthly income to principal and interest alone. That places most buyers above the 30% threshold housing economists use to define "cost burdened", before taxes, insurance, HOA fees, or PMI are factored in.
Compared to the Maryland statewide price-to-income ratio of 4.1x, Ocean City is notably less affordable relative to local incomes than the state average; buyers here face steeper hurdles to homeownership even compared to other Maryland markets. In either case, even a 0.25% improvement in your mortgage rate meaningfully reduces both the income needed to qualify and the total cost over the loan term.
Data sources: U.S. Census Bureau. Monthly payment estimate assumes 80% LTV at current average rate; principal and interest only.
Full Cost of Homeownership in Ocean City, Maryland
A mortgage payment is just the starting point. Property taxes, insurance, and utilities add hundreds of dollars per month to the true cost of owning a home in Ocean City, Maryland. Understanding the full picture before you buy is the difference between a home you can afford and one that stretches you thin.
Owner vs. Renter Costs
In Ocean City, Maryland, the median homeowner with a mortgage pays approximately $1,463/month in total housing costs, covering the mortgage payment, property taxes, insurance, and utilities. The median renter pays $1,353/month including utilities. The $110/month difference between owning and renting is relatively narrow, worth factoring carefully into a rent vs. buy analysis given that owners also build equity over time. Property taxes alone account for $311/month of the ownership cost, a figure that can vary dramatically by location and is often underestimated by first-time buyers.
Housing Cost Burden
The federal standard defines “cost burdened” as spending more than 30% of gross household income on housing. “Severely cost burdened” means spending 50% or more. Both thresholds leave little room for savings, emergencies, or other financial goals.
In Ocean City, Maryland, 39.6% of homeowners with mortgages are cost burdened and 55.8% of renters are cost burdened. Renters face significantly higher burden rates than owners, a pattern that often reflects lower renter incomes rather than lower rental costs, and one that can make the path from renting to owning financially difficult even when mortgage payments might be affordable. The 39.6% owner burden rate, well above the national average of 28.0%, underscores why securing the lowest possible mortgage rate is especially important here. Even a 0.25% rate reduction on a median-priced home can move a buyer from cost-burdened to within the manageable threshold.
Data sources: U.S. Census Bureau, American Community Survey 5-Year Estimates. Monthly owner costs include mortgage payment, taxes, insurance, and utilities. Property taxes reflect median annual taxes for mortgage holders. Rent reflects median gross rent including utilities. Cost burden figures reflect households spending 30%+ of gross income on housing.
Ocean City, Maryland Mortgage Payment Calculator
See your estimated monthly principal & interest payment at today’s Ocean City, Maryland rates. The home price is prefilled with the local median home value. Adjust anything, or click a current rate on the right to apply that loan type’s rate and term instantly.
Principal & interest only, excludes property taxes, homeowners insurance, PMI, and HOA dues. See the Full Cost of Homeownership section above for those figures. Estimates are for informational purposes only.
Run the Numbers on Your Ocean City, Maryland Home Loan
Rates are only part of the equation. Use these calculators to translate current Ocean City, Maryland mortgage rates and home loan rates into real numbers for your specific situation before you request quotes from mortgage lenders.
Enter your loan amount, interest rate, and term length to see your estimated monthly principal and interest payment. Adjust any variable to model different scenarios: a larger down payment, a shorter term, or a rate a quarter-point lower than what you were quoted.
CalculateTell us your gross income, monthly debt obligations, and how much you have for a down payment. We’ll show you the home price range you’re likely to qualify for at current Ocean City, Maryland rates, so you can shop with a realistic number in mind rather than discovering your ceiling after you’ve fallen in love with a property.
CalculateIf you already own a home, enter your current rate, remaining loan balance, and the rate you’ve been quoted to refinance. The calculator shows your new monthly payment, how much you’d save each month, and the break-even point, the number of months it takes for your savings to cover the closing costs of refinancing.
CalculateBuying isn’t always the better financial decision, and renting isn’t always throwing money away. This calculator weighs the full cost of each path: mortgage payments, taxes, insurance, and maintenance against rent increases and the opportunity cost of a down payment, to show which option builds more wealth over your intended time horizon in Ocean City, Maryland.
CalculateTypes of Mortgages Available in Ocean City, Maryland
Not every loan program is right for every buyer in Ocean City, Maryland. Rates, down payment requirements, eligibility rules, and long-term costs vary significantly across products, and the right choice depends on your credit profile, how long you plan to stay, and whether you qualify for any government-backed programs.
Fixed-Rate Mortgage
A fixed-rate mortgage locks your interest rate in for the entire loan term. Your principal and interest payment on day one is identical to payment 360. That predictability is valuable for long-term financial planning, especially in markets where housing costs represent a large share of household income.
Available in 10-, 15-, 20-, and 30-year terms. The 30-year minimizes monthly payments; the 15-year cuts total interest paid dramatically but requires a higher monthly commitment. The payment comparison table above shows exactly how those trade-offs look at today’s Ocean City, Maryland rate levels.
Adjustable-Rate Mortgage (ARM)
An ARM offers a fixed introductory rate for an initial period, commonly 5, 7, or 10 years, after which the rate adjusts periodically based on a market index. The starting rate is typically lower than a comparable fixed-rate loan, which reduces your monthly payment during the initial window.
ARMs work best when you have a defined exit timeline: if you plan to sell or refinance before the fixed period ends, you capture the lower rate without exposure to future adjustments. Rate caps govern how much the rate can move at each adjustment and in total, so read those terms closely before committing.
FHA Loan
Backed by the Federal Housing Administration, FHA loans are built for buyers who don’t yet meet conventional loan standards. You can qualify with a credit score of 580 and just 3.5% down, and some lenders will consider scores as low as 500 with a 10% down payment.
The cost of that lower barrier is mortgage insurance. FHA loans carry an upfront MIP of 1.75% of the loan amount (which can be rolled in) plus an annual MIP of 0.15% to 0.75% depending on your term and LTV. For buyers who would otherwise wait years to save a larger down payment, given ongoing home price trends in Ocean City, Maryland, FHA is often the faster path to ownership.
VA Loan
Available to eligible active-duty service members, veterans, reservists, National Guard members, and qualifying surviving spouses, VA loans are among the most favorable mortgage programs available anywhere. No down payment is required, there is no monthly mortgage insurance, and rates are generally competitive with, and often better than, conventional loan rates.
A one-time funding fee applies, 2.15% of the loan for first-time VA borrowers with no down payment, which can be financed into the loan. In Ocean City, Maryland, where home prices require substantial savings for a conventional down payment, the zero-down VA benefit is an enormous advantage for those who qualify.
Jumbo Loan
The 2026 FHFA conforming loan limit for Ocean City, Maryland is $832,750. Mortgages above that amount are classified as jumbo loans and are not eligible for purchase by Fannie Mae or Freddie Mac, which means lenders carry the full risk and price that risk accordingly.
Jumbo underwriting is stricter: lenders typically require a credit score of 700 or higher, substantial cash reserves, thorough income documentation, and a down payment of at least 10 to 20%. Rates may run slightly above conforming levels, though the gap narrows in competitive lending environments.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Ocean City, Maryland mortgage rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Mortgage Rate Data: We aggregate mortgage and refinance rates for Ocean City, Maryland directly from the official websites of local lenders, credit unions, and national mortgage originators using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every rate displayed is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in Ocean City, Maryland. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national originators available to borrowers in MD.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage rates daily. Because rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you compare rates from secure, reliable lenders.
Mortgage Product Information
How a Mortgage Works
A mortgage is a loan used to buy a home in Ocean City, Maryland, secured by the property itself as collateral. The borrower repays the amount over a set term, most commonly 30 or 15 years, in monthly installments that cover both principal and interest. Because the loan is secured, the lender can foreclose on the home if payments are not made, which is part of why mortgage rates are lower than rates on unsecured debt.
Fixed vs. Adjustable Rate Mortgages
A fixed-rate mortgage keeps the same interest rate for the entire term, so a Ocean City, Maryland homeowner’s principal-and-interest payment never changes. For example, Cedar Point Federal Credit Union is listing a Conventional Loan - 30 Year Fixed Rate at 6.125%. An adjustable-rate mortgage (ARM) starts with a fixed period, often five, seven, or ten years, and then adjusts periodically based on a market index. ARMs usually open with a lower rate, but the payment can rise once the fixed period ends, so they tend to suit Ocean City, Maryland borrowers who expect to move or refinance before that point. On the adjustable-rate side, First Peoples Community Federal Credit Union is listing a ARM (Adjustable Rate Mortgage) - 5/1 at 5.00%.
How Mortgage Rates Are Set
Mortgage rates move with the broader bond market, particularly the yield on the 10-year Treasury, plus a spread that reflects lender costs and risk. On top of that national baseline, the rate a Maryland borrower is offered depends on individual factors: credit score, down payment size, loan amount, loan type, and the property itself. This is why the advertised rates above are a starting point, and a borrower’s final rate is set once an application is underwritten.
Points and Closing Costs
The interest rate is not the only cost of buying a home in Ocean City, Maryland. Discount points are an optional upfront fee (one point equals one percent of the loan amount) paid to lower the rate over the life of the loan. Closing costs cover items such as origination fees, appraisal, title insurance, and recording, and typically run two to five percent of the loan. Comparing the annual percentage rate (APR) alongside the note rate helps Ocean City, Maryland shoppers account for these costs when weighing lenders.
When to Consider Refinancing
Refinancing replaces an existing mortgage with a new one, usually to secure a lower rate, change the term, or tap home equity. For Ocean City, Maryland homeowners, the general guideline is that refinancing makes sense when the savings from a lower rate recoup the closing costs within the time the borrower plans to stay in the home, known as the break-even point. Borrowers also refinance to switch from an adjustable rate to a fixed rate, or to remove mortgage insurance once enough equity has built up. Current Ocean City, Maryland refinance rates from local lenders are listed on our refinance page.
Frequently Asked Questions about Mortgage Rates in Ocean City, Maryland
What are mortgage rates in Ocean City, Maryland today?
What are home loan rates in Ocean City, MD today?
How does my credit score affect my rate in Ocean City, Maryland?
What is a 30-Year Fixed Mortgage?
What are closing costs in Ocean City, Maryland?
Should I lock my mortgage rate?
What is an Adjustable-Rate Mortgage (ARM)?
What is a Jumbo Loan in Ocean City, Maryland?
Do I need 20% down to buy a house in Ocean City, Maryland?
What is the difference between Interest Rate and APR?
How do I compare mortgage lenders in Ocean City, Maryland?
How do I get mortgage quotes in Ocean City, Maryland?
What is the median home value in Ocean City, Maryland?
What is the homeownership rate in Ocean City, Maryland?
What is the conforming loan limit in Ocean City, Maryland?
What is the median monthly cost of homeownership in Ocean City, Maryland?
What are the median property taxes in Ocean City, Maryland?
What is the median rent in Ocean City, Maryland?
What percentage of homeowners are cost burdened in Ocean City, Maryland?
What percentage of renters are cost burdened in Ocean City, Maryland?
What are the best Mortgage rates in Ocean City, Maryland?
- Cedar Point Federal Credit Union: 6.125% (Conventional Loan - 30 Year Fixed Rate)
- Securityplus Federal Credit Union: 6.50% (Conventional Mortgage 30-Year Fixed)
- Destinations Credit Union: 6.625% (Home Loan - 30-Year Fixed)
- FedFinancial Federal Credit Union: 6.373% (FHA 30-Year Fixed Rate)
- Dollar Bank, Federal Savings Bank: 6.875% (30 Year Fixed Rate)
Ocean City, Maryland Rates & Resources
