Mortgage Refinance Rates in Maryland (2026)
With Maryland's median value near $430,000, a homeowner refinancing a typical $292,000 balance from about 7.50% to 6.25% saves roughly $244/month — breaking even on ~$7,300 of costs near month 30.
Most Maryland owners have built real equity. A cash-out refinance can tap up to 80% of value, and a rate-and-term refinance simply lowers the payment. 3 Maryland counties are high-cost, raising the conforming ceiling there.
Refinance snapshot by Maryland county
| County | Est. Value | 2026 Conforming Limit | Tier |
|---|---|---|---|
| Montgomery County | $560,000 | $1,249,125 | High-cost |
| Prince Georges County | $420,000 | $1,249,125 | High-cost |
| Baltimore County | $360,000 | $806,500 | Baseline |
| Anne Arundel County | $500,000 | $806,500 | Baseline |
| Baltimore City County | $210,000 | $806,500 | Baseline |
| Howard County | $610,000 | $1,249,125 | High-cost |
| Harford County | $430,000 | $806,500 | Baseline |
| Frederick County | $430,000 | $806,500 | Baseline |
| Carroll County | $430,000 | $806,500 | Baseline |
| Charles County | $430,000 | $806,500 | Baseline |
| Washington County | $430,000 | $806,500 | Baseline |
| St. Mary's County | $430,000 | $806,500 | Baseline |
| Cecil County | $430,000 | $806,500 | Baseline |
| Calvert County | $430,000 | $806,500 | Baseline |
| Wicomico County | $430,000 | $806,500 | Baseline |
| Allegany County | $430,000 | $806,500 | Baseline |
| Queen Anne's County | $430,000 | $806,500 | Baseline |
| Worcester County | $430,000 | $806,500 | Baseline |
| Dorchester County | $430,000 | $806,500 | Baseline |
| Talbot County | $430,000 | $806,500 | Baseline |
| Caroline County | $430,000 | $806,500 | Baseline |
| Garrett County | $430,000 | $806,500 | Baseline |
| Somerset County | $430,000 | $806,500 | Baseline |
| Kent County | $430,000 | $806,500 | Baseline |
Should you refinance in Maryland?
It comes down to your break-even. Take your closing costs (often 2-5% of the balance) and divide by your monthly savings — if you will stay in the home past that month count, refinancing usually wins. Cash-out makes sense when the rate and use of funds beat your other borrowing options.
Lower Your Payment — Free Alerts
Refinance rates move daily and the right dip can save hundreds a month. We will tell you the moment it makes sense.
Frequently Asked Questions
- How much can refinancing save in Maryland?
- On a $292,000 balance near the Maryland median, dropping from ~7.50% to 6.25% saves about $244/month. Your figure depends on your current rate and balance.
- What is the conforming loan limit in Maryland for 2026?
- Most Maryland counties use the $806,500 baseline; high-cost counties go up to $1,209,750. Above that, refinances are jumbo loans.