Current Best Mortgage Rates in Silver Spring, MD

If you, along with many other potential homeowners, have been enticed by dropping mortgage rates and are planning on financing your first home, now might actually be the perfect time. Keep in mind, just because average Silver Spring mortgage rates are at their lowest doesn’t mean every lender will be offering an affordable financing option. In order to lower the overall expense of your home purchase as much as possible, it’s recommended you research the rates available locally and find the very best.

Whether you’re interested in a traditional fixed rate mortgage or are planning on obtaining an ARM, there’s a lender in Silver Spring, MD with a great rate for you. Below is a list of the best mortgage rates in Silver Spring across a host of loan types.

Silver Spring Banks and Credit Unions with Lowest Mortgage Rates

Top Silver Spring 15-Year Fixed Mortgage Rates

• Wells Fargo Bank, National Association: 3%
• • Orig. Fees: 1%
  • Points: 0.5


• Wachovia Bank, National Association: 3%
• • Orig. Fees: 1%
  • Points: 0.5


• Wells Fargo Bank, National Association: 3.13%
• • Orig. Fees: 1%
  • Points: 0

Best 30-Year Fixed Mortgage Rates in Silver Spring

• Quicken Loans Inc: 3.99%
• • No Orig. Fees
  • Points: 2


• Rock Financial: 3.99%
• • No Orig. Fees
  • Points: 2


• Branch Banking & Trust Company: 4%
• • No Orig. Fees
  • Points: 0

Lowest Silver Spring 3/1 ARM Mortgage Rates

• Navy Federal Credit Union: 2%
• • No Orig. Fees
  • Points: 0.5
  • Caps: 2% per Adjustment Period


• Wells Fargo Bank, National Association: 2.13%
• • Orig. Fees: 1%
  • Points: 0.88
  • Caps: 2% per Adjustment Period


• Wells Fargo Bank, National Association: 2.25%
• • Orig. Fees: 1%
  • Points: 0.75
  • Caps: 2% per Adjustment Period

Best Mortgage Rates for a 5/1 ARM in Silver Spring

• Wells Fargo Bank, National Association: 2.25%
• • Orig. Fees: 1%
  • Points: 0.88
  • Caps: 2% per Adjustment Period


• Wells Fargo Bank, National Association: 2.38%
• • Orig. Fees: 1%
  • Points: 0.5
  • Caps: 2% per Adjustment Period


• Wachovia Bank, National Association: 2.38%
• • Orig. Fees: 1%
  • Points: 0.5
  • Caps: 2% per Adjustment Period

Be sure you confirm these interest rates with the lender before applying. Mortgage rates are accurate as of November 1, 2011, but could change at any time. Further, you may be subject to additional requirements or credit approval in order to obtain the lowest advertised Silver Spring mortgage rate.