Maryland Mortgage Rates
The Maryland housing market continues trekking along the path of prosperity. This can be attributed to its low unemployment rate, which is less than the national average, as well as strong incomes, attractive mortgage rates, and low home prices in the state. Maryland is witnessing a high number of refinancing and mortgage applications. The state's geographic location factors into the demand for mortgage loans. Maryland's proximity to Washington, D.C. enables its residents to benefit from high-paying federal government jobs, which in turn translates into the ability to afford a home. One example is the coveted suburb of Bethesda, which is located near the nation's capital and offers a wide array of affordable housing. Baltimore is a city yielding high property value. Salisbury leads the state in real estate market appreciation, while Potomac is growing at a steady pace. Finally, there is a high demand for properties in Maryland's Chesapeake Bay region.