Mortgage Refinancing in Maryland
Real refinance data for Maryland from federal sources, updated annually. See how your state compares to national averages.
Refinance Originations
6,891
2023 HMDA data
Avg Loan Amount
$508,370
National: $410,429
Denial Rate
30.79%
▼ Above national avg
Median Home Value
$397,700
U.S. Census Bureau
Source: HMDA 2023 via CFPB, U.S. Census Bureau ACS
Calculate your refinance savingsRefinance Trends in Maryland
Originations by Year
Refinance originations in Maryland by year. Source: HMDA via CFPB.
Loan Type Breakdown
Includes all refinance applications (originated, denied, and other outcomes). Source: HMDA via CFPB.
Home Price Trends in Maryland
Source: FHFA House Price Index
Top Lenders in Maryland
| # | Lender | HMDA Records | Avg Loan |
|---|---|---|---|
| 1 | Truist Bank | 14,265 | - |
| 2 | Rocket Mortgage LLC | 13,751 | - |
| 3 | Pennymac Loan Services LLC | 11,069 | - |
| 4 | Navy Federal Credit Union | 10,601 | - |
| 5 | Navy Federal Credit Union | 10,575 | - |
| 6 | Bank Of America National Association | 9,338 | - |
| 7 | Pennymac Loan Services LLC | 9,063 | - |
| 8 | Truist Bank | 8,568 | - |
| 9 | Pnc Bank National Association | 8,429 | - |
| 10 | State Employees Credit Union Of Maryland Incorporated | 8,019 | - |
Ranked by total HMDA filings in the state (2023). Source: HMDA via CFPB.
Compare all lenders →How Maryland Compares
| Metric | Maryland | National Avg |
|---|---|---|
| Refinance Originations | 6,891 | 435,709 |
| Avg Loan Amount | $508,370 | $410,429 |
| Denial Rate | 30.79% | 27.87% |
Green indicates the state performs better than the national average. Red indicates worse. Source: HMDA 2023, U.S. Census Bureau.
Current Mortgage Rates
30-Year Fixed
6.38%
▲ 6.22% prev
15-Year Fixed
5.75%
▲ 5.54% prev
5/1 ARM
6.06%
▲ 5.95% prev
National average rates updated daily from FRED (Federal Reserve Bank of St. Louis). Your rate depends on your credit score, loan amount, and lender.
Get personalized rates →Frequently Asked Questions
How many people refinanced in Maryland in 2023?
In 2023, there were 6,891 refinance originations in Maryland, according to HMDA data reported to the CFPB.
What is the average refinance loan amount in Maryland?
The average refinance loan amount in Maryland was $508,370 in 2023. This reflects originated loans reported through HMDA.
What is the refinance denial rate in Maryland?
The refinance denial rate in Maryland was 30.79% in 2023. This is calculated from originated and denied applications reported to the CFPB.
What are the top refinance lenders in Maryland?
The most active lenders in Maryland by HMDA filing volume include Truist Bank, Rocket Mortgage LLC, Pennymac Loan Services LLC. See the full list above for details.
Is it a good time to refinance in Maryland?
Whether refinancing makes sense depends on your current rate, loan balance, and how long you plan to stay in your home. Use our refinance calculator and break-even calculator to estimate your potential savings based on current national rates.
Want a deeper analysis?
Read our full editorial guide on refinancing in Maryland, including tips, regulations, and state programs.
Read the Maryland Refinance GuideData sourced from HMDA (Home Mortgage Disclosure Act) via the CFPB and FRED (Federal Reserve Bank of St. Louis). Demographics from the U.S. Census Bureau American Community Survey. This page is for educational purposes only and does not constitute financial advice. Consult a licensed mortgage professional for personalized guidance.